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  },
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  },
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  },
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  },
  "shtag_4055857": {
   "value": "247438000",
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    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2023-01-01T00:00:00",
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  },
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    "period": "2023-01-01T00:00:00",
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  },
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    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2023-01-01T00:00:00",
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    "unit": "iso4217:EUR"
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  },
  "shtag_4055860": {
   "value": "272324000",
   "decimals": 0,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  "v1-page37-body-tag4061399": {
   "value": "<p id=\"v1-page37-p_525\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Notes to the consolidated financial statements</p><p id=\"v1-page64-p_1137\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">The column \"other\" includes the compensation for office in subsidiaries, wages received as employees, and the provisions for benefits upon termination.</p><p class=\"heading\" id=\"v1-page64-p_1138\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Fees paid to the independent auditors</p><p class=\"heading\" id=\"v1-page64-p_1139\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table provides the fees paid to the independent auditors by the Issuer and its subsidiaries during the year ended December 31, 2022, separating the fees paid for audit services from the fees paid for other attestation services:</p><p id=\"v1-page64-p_1140\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page64-tbl_63\" style=\"border-collapse: collapse;width: 6,014in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 243pt;line-height: 0px;\"></td><td style=\"width: 102pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td></tr><tr id=\"v1-page64-tbl_63.tr_0\" style=\"height: 16pt;\"><td id=\"v1-page64-tbl_63.tr_0.tc_0\" style=\"width: 243pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page64-tbl_63.tr_0.tc_1\" style=\"width: 190pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Year ended</p></td></tr><tr id=\"v1-page64-tbl_63.tr_1\" style=\"height: 16pt;\"><td id=\"v1-page64-tbl_63.tr_1.tc_0\" style=\"width: 243pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page64-tbl_63.tr_1.tc_1\" style=\"width: 190pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2022</p></td></tr><tr id=\"v1-page64-tbl_63.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page64-tbl_63.tr_2.tc_0\" style=\"width: 243pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page64-tbl_63.tr_2.tc_1\" style=\"width: 102pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Gruppo MutuiOnline S.p.A.</p></td><td id=\"v1-page64-tbl_63.tr_2.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Subsidiaries</p></td></tr><tr id=\"v1-page64-tbl_63.tr_3\" style=\"height: 16pt;\"><td id=\"v1-page64-tbl_63.tr_3.tc_0\" style=\"width: 243pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_3.tc_1\" style=\"width: 102pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_3.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page64-tbl_63.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page64-tbl_63.tr_4.tc_0\" style=\"width: 243pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Audit</p></td><td id=\"v1-page64-tbl_63.tr_4.tc_1\" style=\"width: 102pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">107</p></td><td id=\"v1-page64-tbl_63.tr_4.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">414</p></td></tr><tr id=\"v1-page64-tbl_63.tr_5\" style=\"height: 30pt;\"><td id=\"v1-page64-tbl_63.tr_5.tc_0\" style=\"width: 243pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Audit of non financial disclosure pursuant to Lesislative Decree 254/2016</p></td><td id=\"v1-page64-tbl_63.tr_5.tc_1\" style=\"width: 102pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">32</p></td><td id=\"v1-page64-tbl_63.tr_5.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page64-tbl_63.tr_6\" style=\"height: 16pt;\"><td id=\"v1-page64-tbl_63.tr_6.tc_0\" style=\"width: 243pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_6.tc_1\" style=\"width: 102pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_6.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page64-tbl_63.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page64-tbl_63.tr_7.tc_0\" style=\"width: 243pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total fees paid to the independent auditor\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_7.tc_1\" style=\"width: 102pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">139</p></td><td id=\"v1-page64-tbl_63.tr_7.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">414</p></td></tr></table><p id=\"v1-page64-p_1141\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page64-p_1142\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Disclosure on public grants pursuant to article 1, comma 125, of Law 124/2017</p></li></ol><p class=\"heading\" id=\"v1-page64-p_1143\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In relation to the provisions of Article 1,\u00a0<span id=\"v1-page64-p_1143.r_3\" style=\"font-style: italic;\">comma</span>\u00a0125, of Law 124/2017, subsequently reworded by Article 35 of Law Decree 34/2019, regarding the obligation to provide evidence in the notes of the financial statements of any public disbursements received during the financial year by way of grants, subsidies, advantages, contributions or aids, in cash or in kind, not of a general nature (therefore excluding tax benefits and contributions that may be granted to subjects which meet certain conditions), but attributable to bilateral relations with the subjects referred to in paragraph 125 of that article, the Group has not received public funds during 2022. For a complete disclosure, please refer to the National Register of State Aid.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page64-p_1144\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Subsequent events\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page64-p_1145\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Purchase of own shares</p><p class=\"heading\" id=\"v1-page64-p_1146\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Pursuant to the share buyback program within the limits and with the purposes of the authorization granted by the shareholders' meeting of April 28, 2022, after December 31, 2022, the Group purchased 65,477 own shares, equal to 0.164% of the share capital.</p><p class=\"heading\" id=\"v1-page64-p_1147\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition, after December 31, 2022, following the exercise of stock options by employees of the Group, the Issuer sold a total of 100 own shares in portfolio.</p><p id=\"v1-page64-p_1148\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of the date of approval of this consolidated financial report the Issuer owns in total 2,554,331 own shares, equal to 6.386% of share capital, for a total cost equal to Euro 39,653 thousand.</p><p class=\"heading\" id=\"v1-page64-p_1149\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Closing of Rastreator and LeLynx acquisition</p><p id=\"v1-page64-p_1150\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On February 1, 2023, following the fulfilment of the suspensive conditions and the exercise by the sellers of the put option relating to LeLynx SAS, the closing of the acquisition of 100% of the share capital of Rastreator.com Ltd, Preminen Price Comparison Holdings Ltd and LeLynx SAS, pre-announced on August 29, 2022, was completed.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page64-p_1151\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Earnings per share</p></li></ol><p class=\"heading\" id=\"v1-page64-p_1152\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Earnings per share for the year ended December 31, 2021, equal to Euro 0.43, are calculated by dividing the net income attributable to the shareholders of the Issuer for the year (Euro 16,347 thousand) by the weighted average number of shares outstanding during the financial year ended December 31, 2021 (38,128,936 shares).</p><p class=\"heading\" id=\"v1-page64-p_1153\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Earnings per share for the year ended December 31, 2022, equal to Euro 1.24, are calculated by dividing the net income attributable to the shareholders of the Issuer for the year (Euro 46,875 thousand) by the weighted average number of shares outstanding during the financial year ended December 31, 2022 (37,831,135 shares).</p><p class=\"heading\" id=\"v1-page64-p_1154\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For the financial year ended December 31, 2022 diluted earnings per share are equal to Euro 1.22 as the average number of equity instruments (stock options) that meet the requirements provided by IAS 33 to generate dilutive effects on the earnings per share is equal to 645,323.</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_540\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">power over the investee;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_541\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the possibility of achieving a return resulting from ownership of the investment;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_542\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the investor's ability to use its power over the investee to affect the amount of its return.</p></li></ul><p class=\"heading\" id=\"v1-page38-p_543\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The existence of potential voting rights exercisable, if substantial, at the reporting date is also taken into consideration for the purposes of determining control.</p><p class=\"heading\" id=\"v1-page38-p_544\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Furthermore, it is worth pointing out that once control of an entity is obtained, transactions, in which further minority interests are acquired or sold, without modifying the control exercised on the subsidiary, are considered transactions with the shareholders and therefore should be recorded as equity transactions, without recording any effect in the comprehensive income statement. Subsidiaries are consolidated on a line-by-line basis. The criteria adopted for consolidation on a line-by-line basis are:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_545\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the assets and liabilities, income and expenses of the entirely consolidated entities are taken line by line, attributing to minority interest the portion of the shareholders' equity and net income for the year due to it; this portion is disclosed separately in the consolidated statement of financial position and consolidated comprehensive income statement;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_546\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page38-p_546.r_0\" style=\"font-family: 'Garamond';\">the purchase method of accounting is used to account for the acquisition of subsidiaries by the Group. The cost of an acquisition is measured as the fair value of the assets acquired, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the acquisition. Assets, liabilities and possible liabilities acquired are booked at the fair value at the date of the acquisition. The excess of the cost of acquisition over the fair value of the Group's share of the identifiable net assets acquired is recognized as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the income statement, after an audit of the correct measurement of the fair value of the assets and the liabilities acquired and of the cost of acquisition.</span><span id=\"v1-page38-p_546.r_10\" style=\"font-size: 11pt;\">\u00a0</span><span id=\"v1-page38-p_546.r_11\" style=\"font-family: 'Garamond';\">Business combinations between entities under \"common control\" are accounted for with the pooling of interest method, thus recognizing assets and liabilities of the acquired entity without fair value adjustments, but adjusted for eventual differences of accounting standards used and IFRS;</span></p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_547\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">inter-company transactions and balances, as well as the relevant tax effects, are eliminated. Significant unrealized inter-company gains and losses are eliminated; as an exception, unrealized losses are not eliminated when they provide evidence for impairment of the asset transferred;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_548\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">gains and losses from the disposal of investments in subsidiaries are recognized in the income statement for an amount equal to the difference between the sale price and the net assets of the investment.</p></li></ul><p class=\"heading\" id=\"v1-page38-p_549\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A joint venture is an arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.</p><p class=\"heading\" id=\"v1-page38-p_550\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Associated companies are companies, which are neither subsidiaries nor joint-ventures, on which the Issuer exercises a significant influence. Significant influence is presumed when the Issuer owns, directly or indirectly, more than 20% of the ordinary share capital of a company.</p><p class=\"heading\" id=\"v1-page38-p_551\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Joint ventures and associated companies are evaluated with the equity method.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page38-p_552\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Scope of consolidation</p></li></ol><p class=\"heading\" id=\"v1-page38-p_553\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The consolidation area includes all the entities on which the Issuer exercises control, directly or indirectly, and the companies on which the Issuer exercises a significant influence.\u00a0</p><p class=\"heading\" id=\"v1-page38-p_554\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The controlled and associated entities as of December 31, 2022 are:</p><p id=\"v1-page38-p_555\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page38-tbl_7\" style=\"border-collapse: collapse;width: 7,139in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 192,2pt;line-height: 0px;\"></td><td style=\"width: 126,25pt;line-height: 0px;\"></td><td style=\"width: 62,5pt;line-height: 0px;\"></td><td style=\"width: 80,35pt;line-height: 0px;\"></td><td style=\"width: 62,05pt;line-height: 0px;\"></td></tr><tr id=\"v1-page38-tbl_7.tr_0\" style=\"height: 42pt;\"><td id=\"v1-page38-tbl_7.tr_0.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Name</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Registered office</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Share capital (Euro)\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Consolidation method</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">% of ownership</p></td></tr><tr id=\"v1-page38-tbl_7.tr_1\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_1.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo MutuiOnline S.p.A. (holding)</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan\u00a0(Italy)</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a01,012,354\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Holding</p></td></tr><tr id=\"v1-page38-tbl_7.tr_2\" style=\"height: 19pt;\"><td id=\"v1-page38-tbl_7.tr_2.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">65Plus S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a075,416\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">72%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_3\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_3.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">7Pixel S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,500\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_4\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_4.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Above Comparison S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_5\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_5.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Agenzia Italia S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Conegliano (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">84.5%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_6\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_6.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Centro Finanziamenti S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a02,000,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_7\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_7.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Centro Istruttorie S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0500,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_8\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_8.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Centro Servizi Asset Mangement S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_9\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_9.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CercAssicurazioni.it S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_10\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_10.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Lercari Motor S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_11\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_11.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle &amp; Wise Service S.r.l.\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0400,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_12\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_12.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle Agency S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_13\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_13.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">EuroServizi per i Notai S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">60%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_14\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_14.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Europa Centro Servizi S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_15\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_15.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Finprom S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Arad (Romania)</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,618\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_16\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_16.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Finprom Insurance S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Arad (Romania)</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_17\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_17.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Forensic Experts S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Bologna (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">51%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_18\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_18.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Global Care S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_19\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_19.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo Lercari S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Genoa (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0759,597\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">50%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_20\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_20.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Incomparable S.a.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a012,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_21\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_21.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Innovazione Finanziaria SIM S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a02,000,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_22\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_22.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Klikkapromo S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_23\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_23.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Lercari S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0500,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_24\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_24.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Lercari International Ltd*</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">London (UK)</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a011,233\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_25\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_25.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Luna Service S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a012,500\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_26\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_26.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">MOL BPO S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_27\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_27.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Money360.it S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0120,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_28\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_28.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">MutuiOnline S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a01,000,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_29\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_29.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Onda S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Lucca (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a070,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_30\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_30.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">PP&amp;E S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_31\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_31.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Quinservizi S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0150,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_32\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_32.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Resolution and service S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Ponte Buggianese (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_33\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_33.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">San Filippo S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Genoa (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_34\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_34.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Segugio.it S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_35\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_35.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Service Lercari S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Genoa (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_36\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_36.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SOS Tariffe S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_37\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_37.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Sovime S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,500\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_38\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_38.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Surf S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Ponte Buggianese (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_39\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_39.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trebi Generalconsult S.r.l.**</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_40\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_40.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Zoorate S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0415,654\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">92%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_41\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_41.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Fiduciaria S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0200,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">35%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_42\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_42.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Servizi Amministrativi S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">35%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_43\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_43.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">LC Servizi S.r.l. in liquidazione*</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,400\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">40%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_44\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_44.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">PrestiPro S.r.l. in liquidazione</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0120,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">50%</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_557\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">\u00a0<span id=\"v1-page39-p_557.r_1\" style=\"font-family: 'Arial'; font-size: 7pt; font-style: italic;\">* the percentage in the table corresponds to the stake held by Gruppo Lercari S.r.l.</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_558\" style=\"color: #000000; font-family: 'Arial'; font-size: 7pt; font-style: italic; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">* the percentage in the table corresponds to the stake held by Agenzia Italia S.p.A.</p></li></ol><p id=\"v1-page39-p_559\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_560\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">During the financial year ended December 31, 2021 the consolidation area changed with reference to the acquisition of Luna Service S.r.l., Gema Motor S.r.l., Europa Centro Servizi S.r.l., Sovime S.r.l., Trebi Generalconsult S.r.l. and Onda S.r.l. and its subsidiaries, and to the establishment of Above Comparison S.r.l. and Incomparable S.a.r.l..</p></li></ol><p id=\"v1-page39-p_561\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><p id=\"v1-page39-p_562\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">In addition, the consolidation area changed with reference to the mergers by incorporation of Centro Processi Assicurativi S.r.l. in Service Lercari S.r.l., of Gema Motor S.r.l. in Lercari Motor S.r.l., of Onda Service S.r.l. in Onda S.r.l. e of PrestitiOnline S.p.A. in MutuiOnline S.p.A..\u00a0</p><p id=\"v1-page39-p_563\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0,25in; margin-right: 0in; margin-top: 0in; text-align: justify;\"><br/></p><p id=\"v1-page39-p_564\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">For the calculation of the equivalent value in Euro of the financial and economic amounts in foreign currency of the foreign subsidiaries and of the Albanian branch of SOS Tariffe S.r.l., we applied the following exchange rates:</p><p id=\"v1-page39-p_565\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page39-tbl_8\" style=\"border-collapse: collapse;width: 6,667in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 279pt;line-height: 0px;\"></td><td style=\"width: 96pt;line-height: 0px;\"></td><td style=\"width: 105pt;line-height: 0px;\"></td></tr><tr id=\"v1-page39-tbl_8.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_0.tc_0\" style=\"width: 279pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_0.tc_1\" style=\"width: 96pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page39-tbl_8.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">2022</p></td><td id=\"v1-page39-tbl_8.tr_0.tc_2\" style=\"width: 105pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page39-tbl_8.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">2021</p></td></tr><tr id=\"v1-page39-tbl_8.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page39-tbl_8.tr_1.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_1.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_1.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_1.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_1.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page39-tbl_8.tr_2.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">RON/Euro</p></td><td id=\"v1-page39-tbl_8.tr_2.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_2.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_2.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_3.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Balance sheet items</p></td><td id=\"v1-page39-tbl_8.tr_3.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.950\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_3.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.949\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_4.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income statement items</p></td><td id=\"v1-page39-tbl_8.tr_4.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.932\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_4.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.922\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_5.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_5.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_5.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_5.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_5.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_6.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">GBP/Euro</p></td><td id=\"v1-page39-tbl_8.tr_6.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_6.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_6.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_7.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Balance sheet items</p></td><td id=\"v1-page39-tbl_8.tr_7.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.887\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_7.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.841\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_8.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income statement items</p></td><td id=\"v1-page39-tbl_8.tr_8.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.853\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_8.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.860\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_9.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_9.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_9.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_9.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_9.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_10.tc_0\" style=\"width: 279pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">ALL (Lek) / Euro</p></td><td id=\"v1-page39-tbl_8.tr_10.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_10.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_10.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_11.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Balance sheet items</p></td><td id=\"v1-page39-tbl_8.tr_11.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0114.460\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_11.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0120.710\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_12.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income statement items</p></td><td id=\"v1-page39-tbl_8.tr_12.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0118.930\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_12.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0122.440\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_13\" style=\"height: 14pt;\"><td id=\"v1-page39-tbl_8.tr_13.tc_0\" style=\"width: 279pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_13.tc_1\" style=\"width: 96pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_13.tc_2\" style=\"width: 105pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page39-p_566\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page39-p_567\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Balance sheet items have been converted by using the exchange rate as of December 31, 2022. while income statement items have been converted by using the average exchange rate of the year.\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_568\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Accounting policies</p></li></ol><p class=\"heading\" id=\"v1-page39-p_569\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The consolidated financial statements are prepared at cost, with the exception of items specifically described in the following notes, for which the measurement at fair value is adopted. The fair value is the price at which an asset could be exchanged, or a liability discharged. between knowledgeable, willing parties in an arm's length transaction.</p><p class=\"heading\" id=\"v1-page39-p_570\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 13 provides for a hierarchy of fair value which classifies on three levels the inputs for the assessment adopted to evaluate fair value. The hierarchy of fair value gives the highest priority to quoted prices (not adjusted) on active markets for the same assets and liabilities (data of Level 1) and the lowest priority to unobservable inputs (data of Level 3).\u00a0</p><p class=\"heading\" id=\"v1-page39-p_571\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Level 1 inputs are quoted prices (not adjusted) for the same assets and liabilities on active markets, which the entity may access as of the assessment date.</p><p class=\"heading\" id=\"v1-page39-p_572\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Level 2 inputs are inputs different from the quoted prices included in Level 1 which can be observed directly or indirectly for the asset or the liability.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_573\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Level inputs 3 are unobservable inputs for the asset or the liability.</p><p class=\"heading\" id=\"v1-page39-p_574\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Receivables are derecognized if the right to receive the cash flows has been transferred or when the entity no longer controls such financial assets.</p><p class=\"heading\" id=\"v1-page39-p_575\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Payables are derecognized only when they are settled or the specific obligation is met or canceled or expired.</p><p class=\"heading\" id=\"v1-page39-p_576\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The principal accounting policies are set out below.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_577\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page39-p_578\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Intangible assets are non-monetary assets that are distinctly identifiable and able to generate future economic benefits. These items are recognized at purchase cost and/or internal production cost. including all costs to bring the assets available for use, net of accumulated amortization and impairment, if any.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_579\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item includes the goodwill referred to business combinations.</p><p class=\"heading\" id=\"v1-page39-p_580\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Amortization commences when the asset is available for use and is systematically calculated on a straight-line basis over the estimated useful life of the asset.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_581\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0Research and development costs</p><p id=\"v1-page39-p_582\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page39-p_582.r_0\" style=\"font-family: 'Garamond';\">Research and development costs are recognized as an expense as incurred.</span><span id=\"v1-page39-p_582.r_1\" style=\"font-size: 11pt;\">\u00a0</span><span id=\"v1-page39-p_582.r_2\" style=\"font-family: 'Garamond';\">Costs incurred on development projects are recognized as intangible assets when:</span></p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_583\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">development activity is clearly identified and its costs can be measured reliably;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_584\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">technological feasibility is demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_585\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the intention of completing the project and selling the intangible goods generated are demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_586\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">a prospective market exists or, in case of internal use, the benefits of the intangible asset for the production of intangible goods generated by the project is demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_587\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the necessary technological and financial resources for the completion of the project are available.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page39-p_588\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Amortization is usually calculated on a straight-line basis over 5 years, which represents the estimated useful life of the assets.</p><p class=\"heading\" id=\"v1-page39-p_589\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0Trademarks, licenses and other rights</p><p class=\"heading\" id=\"v1-page39-p_590\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Licenses and other rights are amortized on a straight-line basis in order to allocate their acquisition cost over the shorter of useful life and duration of the relevant contracts, starting from the moment of acquisition of the rights and usually lasting for a period of 3 to 5 years.</p><p class=\"heading\" id=\"v1-page39-p_591\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0For trademarks and customer equity values, amortization is calculated using the straight-line method and it is equal to a period of 10 years.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_592\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Property, plant and equipment\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page39-p_593\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Property, plant and equipment are stated at historical cost of acquisition or production less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to the acquisition.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_594\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be reliably measured. When assets are composed of different identifiable components whose useful life is significantly different, each component is depreciated separately applying the \"component approach\".\u00a0</p><p class=\"heading\" id=\"v1-page40-p_595\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Depreciation is charged to each asset on a systematic basis over the estimated useful life from the date of initial recognition.</p><p class=\"heading\" id=\"v1-page40-p_596\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Property, plant and equipment are depreciated with useful lives as follows:</p><p id=\"v1-page40-p_597\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page40-tbl_9\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 308,05pt;line-height: 0px;\"></td><td style=\"width: 161pt;line-height: 0px;\"></td></tr><tr id=\"v1-page40-tbl_9.tr_0\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Description of the main categories of the item \"Property, plan and equipment\"</p></td><td id=\"v1-page40-tbl_9.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Period\u00a0</p></td></tr><tr id=\"v1-page40-tbl_9.tr_1\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_1.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page40-tbl_9.tr_1.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page40-tbl_9.tr_2\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Land</p></td><td id=\"v1-page40-tbl_9.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">not depreciated</p></td></tr><tr id=\"v1-page40-tbl_9.tr_3\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Buildings</p></td><td id=\"v1-page40-tbl_9.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_4\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generic equipment</p></td><td id=\"v1-page40-tbl_9.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_5\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Specific equipment</p></td><td id=\"v1-page40-tbl_9.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,5-7 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_6\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Leasehold improvements</p></td><td id=\"v1-page40-tbl_9.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">shorter of contract duration and usedful life</p></td></tr><tr id=\"v1-page40-tbl_9.tr_7\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Hardware</p></td><td id=\"v1-page40-tbl_9.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2-5 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_8\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_8.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Office equipment</p></td><td id=\"v1-page40-tbl_9.tr_8.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2-5 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_9\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_9.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Furniture and fittings</p></td><td id=\"v1-page40-tbl_9.tr_9.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_10\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_10.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Auto vehicles</p></td><td id=\"v1-page40-tbl_9.tr_10.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_11\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_11.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page40-tbl_9.tr_11.tc_0.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page40-tbl_9.tr_11.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page40-tbl_9.tr_11.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin: 0in;\">\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page40-p_598\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page40-p_599\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Investments measured with the equity method</p></li></ol><p class=\"heading\" id=\"v1-page40-p_600\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A joint venture is an arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.</p><p class=\"heading\" id=\"v1-page40-p_601\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">An associated entity is a company, which is neither a subsidiary nor a joint venture, on which the Issuer exercises a significant influence. Significant influence is presumed when the Issuer owns, directly or indirectly, more than 20% of the ordinary share capital of a company.</p><p class=\"heading\" id=\"v1-page40-p_602\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Joint ventures and investments in associated entities are measured for an amount equal to the corresponding fraction of equity in the last financial statements of the same entities, after the transfer of dividends and the application of adjustments in accordance with the disclosures for the preparation of the financial statements.\u00a0</p><p class=\"heading\" id=\"v1-page40-p_603\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Gains and losses arising from changes of the adjusted equity of associated companies are recorded in the income statement for the period in which they arise.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page40-p_604\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Leases</p></li></ol><p class=\"heading\" id=\"v1-page40-p_605\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 16 sets out the principles for the recognition, measurement, presentation and the disclosure of leases and requires lessees to account for all leases under a single on-balance sheet model similar to the accounting for finance leases under IAS 17. At the commencement date of a lease. a lessee recognizes a liability to make lease payments (i.e. the lease liability) and an asset representing the right to use the underlying asset during the lease (i.e. the right of use asset). Lessees separately recognize the interest expenses on the lease liability and the depreciation expense on the right of use asset.</p><p class=\"heading\" id=\"v1-page41-p_606\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Lessees will be also required to re-measure the lease liability on the occurrence of certain events (e.g. a change in the lease term, a change in the future lease payments resulting from a change in an index or rate used to establish those payments). The lessee will generally recognize the re-measurement amount of the lease liability as an adjustment to the right of use of the asset.</p><p class=\"heading\" id=\"v1-page41-p_607\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The standard includes two recognition exemptions for lessees:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_608\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">leases of low value assets (a situation that could arise for the Group with reference to operating leases for office equipment such as photocopiers, currently recognized in the balance sheet under the item \"Other operating costs\");</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_609\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">short-term leasing contracts (e.g. leases with a lease term of 12 months or less).</p></li></ul><p class=\"heading\" id=\"v1-page41-p_610\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Positions that are affected by the application of IFRS 16, with a significant effect for the Group are linked to:\u00a0</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_611\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">leasing contracts for the main office site (Milan);</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_612\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">leasing contracts for operating sites (Faenza, Genoa, Conegliano, Messina, Arad, Tirana);\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_613\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">cars under long-term rental contracts used by Group personnel.</p></li></ul><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_614\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Business combinations\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page41-p_615\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Business combinations are valued with the acquisition method.\u00a0</p><p class=\"heading\" id=\"v1-page41-p_616\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The cost of the acquisition is determined by the sum of the considerations transferred in a business combination, measured at the fair value at the acquisition date, the acquired liabilities and the equity instruments issued. The assets, the acquired liabilities and the potential liabilities in a business combination are initially measured at their fair value.</p><p class=\"heading\" id=\"v1-page41-p_617\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The minority interests in the acquired entity are measured at their fair value and at the\u00a0<span id=\"v1-page41-p_617.r_3\" style=\"font-style: italic;\">pro-quota</span>\u00a0value of the net assets recognized for the acquired company.</p><p class=\"heading\" id=\"v1-page41-p_618\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The surplus between the considerations transferred, the amount of the minority interests and the fair value of the non-controlling participations held before the acquisition date, compared to the fair value of the controlling stake of the net assets acquired, is recorded as goodwill.</p><p class=\"heading\" id=\"v1-page41-p_619\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">If the value of the net assets acquired at the acquisition date exceeds the sum of the considerations transferred, of the minority interests and of the fair value of any previously held participation in the acquired company, this surplus is recorded as income of the closed transaction in the income statement.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_620\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is worth pointing out that the Group, based on shareholders' agreements related to the acquisition of Agenzia Italia S.p.A., considers applicable IAS 32 rather than IFRS 10, and recognized in the consolidated financial statement the financial liability related to the put/call option over the shares not yet purchased, without recognizing non-controlling interest. According to such approach, the business combination is accounted on the basis of the assumption that the Group could get economic benefits also on shares under the put/call option. No non-controlling interest was recognized also when we determined the goodwill arising from the acquisition.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_621\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With reference to the acquisition of Lercari Group, the Group has applied the approach, provided for by IFRS 10, of the partial recognition of minority interests, on the basis of which, at the end of the financial year, the minority interests have been reclassified as financial liabilities, related to the put/call option on the residual stake of 49.9%.</p></li></ol><p class=\"heading\" id=\"v1-page42-p_622\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">According to provisions of IFRS 3, in step acquisitions (acquisitions achieved in stages) a business combination is achieved only after control has been obtained, and at this moment all the acquired entity's identifiable net assets should be measured at the fair value; minority interests should be measured based on their fair value or based on the proportionate share of the fair value of identifiable net assets of the acquired entity (a method already permitted under the previous version of IFRS 3).</p><p class=\"heading\" id=\"v1-page42-p_623\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In a step acquisition of an associate, the previously held investment, until then accounted according to IAS 39 (\"Financial instruments: recognition and measurement\"), or according to IAS 28 (\"Investments in Associates\") or according to IFRS 11 (\"Joint arrangements), shall be treated as if it had been sold and repurchased as of the date on which control is acquired. This participation should be measured at its \"sale\" date fair value and the resulting profit or loss of this measurement should be recorded in the income statement. In addition, any value previously recorded in the shareholder's equity, which should be charged in the income statement after the sale of the relevant assets, should be reclassified in the income statement. The goodwill or income (in case of badwill) deriving from the deal concluded with the subsequent acquisition should be determined as the sum of the compensation paid to acquire the control, the value of minority interests (measured according to one of the methods permitted by the standard), and the fair value of the previously held minority shareholdings, net of the fair value of the identifiable net assets of the acquired entity.\u00a0</p><p class=\"heading\" id=\"v1-page42-p_624\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition, according to IFRS 3 the costs related to the acquisition of business combinations are recognized as expenses in the period in which these costs are incurred. Finally, under IFRS 3 contingent consideration is recognized as a part of the transfer price of the acquired net assets and is measured at the acquisition date fair value. The fair value of these liabilities is restated as of the date of each financial report. Similarly, if the combination agreement includes the right to return some consideration components if specified conditions are met, that right is classified as an asset by the acquirer. Any subsequent changes in the fair value of the net assets acquired should be recognized as adjustments to the original accounting treatment only if they are determined by additional or better information about the fair value and occur within 12 months from the acquisition date; all other changes must be recorded in profit or loss.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page42-p_625\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Impairment</p></li></ol><p class=\"heading\" id=\"v1-page42-p_626\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group verifies, at least annually, whether there are indicators of a potential loss in value of intangible and tangible assets. If the Group finds that such indications exist, it estimates the recoverable value of the relevant asset.</p><p class=\"heading\" id=\"v1-page42-p_627\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition, intangible assets with an indefinite useful life or that are not available for use and goodwill are subject to an impairment test each year, or more frequently if there is an indication that the asset may have been subject to a loss in value.</p><p class=\"heading\" id=\"v1-page42-p_628\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The ability to recover the assets is ascertained by comparing the reported value to the related recoverable value, which is represented by the greater of the fair value less disposal costs and the value in use.</p><p class=\"heading\" id=\"v1-page42-p_629\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the absence of a binding sale agreement, the fair value is estimated on the basis of recent transaction values in an active market, or based on the best information available to determine the amount that could be obtained from selling the asset.</p><p class=\"heading\" id=\"v1-page42-p_630\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The value in use is determined by discounting expected cash flows resulting from the use of the asset, and if significant and reasonably determinable, the cash flows resulting from its sale at the end of its useful life.</p><p class=\"heading\" id=\"v1-page42-p_631\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash flows are determined on the basis of reasonable, documentable assumptions representing the best estimate of the future economic conditions that will occur during the remaining useful life of the asset, with greater weight given to outside information.</p><p class=\"heading\" id=\"v1-page42-p_632\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The discount rate applied takes into account the implicit risk of the business segment.</p><p class=\"heading\" id=\"v1-page42-p_633\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">When it is not possible to determine the recoverable value of an individual asset, the Group estimates the recoverable value of the unit that incorporates the asset and generates cash flows (\"<span id=\"v1-page42-p_633.r_7\" style=\"font-weight: bold;\">CGU</span>\", shorthand of Cash Generating Unit).</p><p class=\"heading\" id=\"v1-page42-p_634\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A loss of value is reported if the recoverable value of an asset is lower than its carrying value.</p><p class=\"heading\" id=\"v1-page42-p_635\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">This loss is booked to the income statement unless the asset was previously written up through a shareholders' equity reserve. In this case, the reduction in value is first allocated to the revaluation reserve.</p><p class=\"heading\" id=\"v1-page42-p_636\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">If, in a future period, a loss on assets, other than goodwill, does not materialize or is reduced, the carrying value of the asset or CGU is increased up to the new estimate of recoverable value, and may not exceed the value that would have been determined if no loss from a reduction in value had been reported.</p><p class=\"heading\" id=\"v1-page42-p_637\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The recovery of a loss of value is posted to the income statement, unless the asset was previously reported at its revalued amount. In this case, the recovery in value is first allocated to the revaluation reserve.</p><p class=\"heading\" id=\"v1-page42-p_638\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The value in use of an asset that does not generate independent cash flows is determined in relation to the CGU to which this asset belongs. Impairment is recognized in the income statement whenever the carrying amount of the asset and of the related CGU exceeds its recoverable value. Whenever the circumstances causing the impairment cease to exist, the book value of the asset, except the goodwill, is restored with the recognition in the income statement, up to the net value that the asset would have had if it were not impaired and regularly depreciated.</p><p class=\"heading\" id=\"v1-page42-p_639\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Goodwill is not amortized,<span id=\"v1-page42-p_639.r_3\" style=\"font-weight: bold;\">\u00a0</span>but is subject annually, or more frequently if specific events or changes in circumstances indicate that the asset might be impaired, to tests in order to identify possible impairments. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses.</p><p class=\"heading\" id=\"v1-page42-p_640\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The impairment of goodwill recorded as of the date of the financial report is shown in the income statement under depreciation of intangible assets.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page42-p_641\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Cash and cash equivalents</p></li></ol><p class=\"heading\" id=\"v1-page42-p_642\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash and cash equivalents include cash, bank deposits and highly liquid short-term investments (readily convertible to cash within three months). Overdrafts are included in short-term borrowings and are measured at fair value.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page42-p_643\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial assets at fair value through OCI</p></li></ol><p class=\"heading\" id=\"v1-page42-p_644\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Upon initial recognition, the Group can elect to irrevocably classify its equity investments as equity instruments designated at fair value through other comprehensive income (\"<span id=\"v1-page42-p_644.r_3\" style=\"font-weight: bold;\">OCI</span>\") when they meet the definition of equity under IAS 32 \"Financial Instruments: Presentation\" and are not held for trading, The classification is determined on an instrument-by-instrument basis. Gains and losses on these financial assets are never recycled to profit or loss. Dividends are recognized in the profit and loss statement when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_645\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial assets at fair value through profit and loss</p></li></ol><p class=\"heading\" id=\"v1-page43-p_646\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Financial assets at fair value through profit and loss are classified in the financial statements at fair value and the fair value changes are recorded in profit and loss.\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_647\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Trade receivables</p></li></ol><p class=\"heading\" id=\"v1-page43-p_648\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Trade receivables are valued initially at fair value and subsequently at amortized cost using the effective interest rate basis.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_649\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Any losses arising as a result of impairment reviews are recognized in the income statement. In particular, IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on all trade receivable based on their residual contractual duration. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</p><p class=\"heading\" id=\"v1-page43-p_650\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the presence of impairment indicators, the values of the assets are reduced to the present value of expected future cash flows and the differences are recognized in the income statement, with a provision for bad debts as counterbalance, offsetting trade receivables. If in subsequent periods the reasons for such impairments are no longer valid, the values of the assets are reinstated up to the amortized cost as if the impairment had never occurred.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_651\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Own shares</p></li></ol><p class=\"heading\" id=\"v1-page43-p_652\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Own shares are booked as a reduction of shareholders' equity. Being the shares without nominal value, the purchase cost is deducted from the share capital for an amount implicitly corresponding to the nominal value and from the distributable reserves for an amount equal to the remaining part of the purchase cost.\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_653\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Trade payables and financial liabilities</p></li></ol><p class=\"heading\" id=\"v1-page43-p_654\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial liabilities, trade payables and other debts are initially recognized at fair value, net of transaction costs incurred, and are subsequently stated at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption value is recognized in the income statement over the period of the borrowings using the effective interest method. Amortization is determined based on the effective interest rate which equates, at the initial moment, the present value of cash flows connected with the liability and its initial recorded amount (amortized cost method).</p><p class=\"heading\" id=\"v1-page43-p_655\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Whenever expected future cash flows change, and these could be reliably estimated, the value of the liability is recalculated on the basis of the new cash flows and the initial effective interest rate.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_656\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Provisions for risks and charges</p></li></ol><p class=\"heading\" id=\"v1-page43-p_657\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Provisions are recognized when; (i) the existence of a current obligation, legal or implicit, arising from a past event, is probable; (ii) it is probable that the fulfillment of the obligation will be onerous; (iii) the amount of the obligation can be reliably estimated. Provisions are recognized based on the best estimate of the expenditure required to settle the present obligation or to transfer it to a third party at the balance sheet date. When the financial effect of the timing of the obligation is significant and the dates of the payments can be reliably estimated, the provision is discounted back. Provisions are measured at the present value of the payments expected to be required to settle the obligation using a rate that reflects current market assessments of the time value of money and the risks specific to the obligation.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_658\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Defined benefit program liability</p></li></ol><p class=\"heading\" id=\"v1-page43-p_659\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Employee termination benefits (\"<span id=\"v1-page43-p_659.r_5\" style=\"font-style: italic;\">Trattamento Fine Rapporto</span>\", or \"<span id=\"v1-page43-p_659.r_13\" style=\"font-weight: bold;\">TFR</span>\"), which are compulsory for Italian companies in accordance with the civil code, are considered by IFRS as a defined benefit program, based, among other things, on the period of employment and the remuneration of the employee during a predefined period.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_660\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The TFR liability is determined by independent actuaries using the Projected Unit Credit Method to account for the time value of money. According to \"revised\" IAS 19 the adjustments deriving from the changes in actuarial assumptions are recorded in equity, by means of the recognition in the comprehensive income statements.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_661\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The implicit interest cost for the adjustment of the present value of the TFR liability over time is recognized in the financial expenses in the income statement.</p><p class=\"heading\" id=\"v1-page43-p_662\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The legislative changes that become effective in 2007 had no material impact on the evaluation method adopted by the Group because the percentage of employees adhering to the funds at the relevant date was low and besides the greater part of employees of the companies of the Group is employed in companies that did not exceeded the limits, provided by the new law and calculated on the average number of employees in 2006, over which a company is obliged to contribute the accrued fund to the National Institute for Social Security (\"<span id=\"v1-page43-p_662.r_23\" style=\"font-weight: bold;\">INPS</span>\") when employees choose to keep their TFR in the company.</p><p class=\"heading\" id=\"v1-page43-p_663\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">During the financial year ended December 31, 2022, the Group introduced a long-term incentive plan in favor of certain employees, linked to certain economic indicators achieved by the Group in the medium term. In accordance with IAS 19, the cost of this plan is recognized on a straight-line basis over the duration of the plan, in the income statement under personnel costs, together with interest and remeasurements of the related liability.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_664\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Share based payments</p></li></ol><p class=\"heading\" id=\"v1-page43-p_665\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group has a stock option plan for the benefit of directors, employees and other personnel. As per IFRS 2 (\"Share based payments\"), stock option plans are valued at the fair value of the option at grant date, using methods that take into account the exercise price and vesting period of the option, the current stock price, the expected volatility and dividend payout of the shares, and the risk-free interest rate determined on the day of the option grant.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_666\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of the grant date, the expense related to the stock option plan is recognized on a straight-line basis in personnel costs in the income statement over the vesting period of the option, and in a reserve in shareholders' equity.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_667\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Revenue recognition</p></li></ol><p class=\"heading\" id=\"v1-page43-p_668\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues and other income are recognized net of discounts, allowances and bonuses and of the provision for possible repayments of commissions upon early repayment or insolvency of brokered loans.</p><p class=\"heading\" id=\"v1-page43-p_669\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 15 provides for the recognition of revenues for an amount which reflects the compensation at which the entity believes to be entitled in the economic transaction with the customer for the transfer of products and services.</p><p class=\"heading\" id=\"v1-page43-p_670\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues are recognized in the income statement when it is probable that future economic benefits will flow to the Group.</p><p class=\"heading\" id=\"v1-page43-p_671\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The methods of revenue recognition for the main activities of the Group are as follows:\u00a0</p><p class=\"heading\" id=\"v1-page43-p_672\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0\u00a0Credit, insurance, telecommunications and energy broking services, and e-commerce price comparison</p><p class=\"heading\" id=\"v1-page43-p_673\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues from credit, insurance, telecommunications and energy broking services are recognized upon the actual disbursement of loans by lenders, the actual underwriting of contracts by insurance companies or the subscription of the contract for telecommunications or energy. The Group is entitled to receive its commission for the service provided only when the operation is closed with the disbursement of a loan. the activation/renewal of an insurance policy or a utility contract.</p><p class=\"heading\" id=\"v1-page43-p_674\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Those revenues include fees whose recognition is based on information coming from consumers and not yet confirmed by the client companies as of the end of the financial year.</p><p class=\"heading\" id=\"v1-page43-p_675\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues from e-commerce price comparison activities are recorded at the time of click (in the case of pay per click) or at the time of product purchase (in the case of pay per sale).</p><p class=\"heading\" id=\"v1-page43-p_676\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0\u00a0BPO services</p><p class=\"heading\" id=\"v1-page43-p_677\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues from BPO services are recognized based on the type of services provided and contractual conditions agreed with clients. In particular, we can identify the following categories of services provided:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_678\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">provision of services whose revenues accrue upon the completion of each phase of processing, regardless of the effective outcome of the process;\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_679\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">provision of services whose revenues accrue upon the completion of the processing and is subject to the effective closing of a transaction, such as a loan disbursement. In such case, the measurement of the revenue, in accordance with IFRS 15, depends on the stages effectively accomplished, on their contractual value, and the probabilities of success of the applications;\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_680\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">promotion and placement of financial products, whose revenues are represented by success fees based on the amount of the operations finalized;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_681\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">agreements which provide for document collection activities concerning Investment Services BPO. The standard provides for the evaluation of revenues based on their stand-alone selling price: when the unit value of any job is decreasing during the years of the contract effectiveness, without any justification deriving from economies of learning and at the same value of the service provided. Considering the ongoing agreement with the client, and the analysis performed on the basis of the available data, the Group believes it is not appropriate to proceed with a linearization of the unit value of revenues associated to each job;\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_682\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">agreements, regarding the provision of administrative credit collection services on behalf of insurance companies. In such case, we take into consideration, for the determination of the total compensation of the contract, both the possible implicit financial impact in transactions where the timing of payments agreed by the parties gives the customer a financial benefit, and the probability of cashing these receivables, on which the fees due to the company are established.</p></li></ul><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_683\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Government grants</p></li></ol><p class=\"heading\" id=\"v1-page44-p_684\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Government grants are recognized when it is reasonably certain that the Group will respect the related conditions and they will be received.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_685\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Cost recognition</p></li></ol><p class=\"heading\" id=\"v1-page44-p_686\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Costs are recognized as the assets and services are consumed during the relevant period or when they are sustained. when it is not possible to determine future economic benefits.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_687\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial income and expenses</p></li></ol><p class=\"heading\" id=\"v1-page44-p_688\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Interest income and expenses are recognized in the accrual period on the net value of the relevant financial assets and liabilities using the effective interest rate method.</p><p class=\"heading\" id=\"v1-page44-p_689\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial expenses are recognized on an accrual basis and recorded in the income statement in the accrual period.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_690\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Taxation</p></li></ol><p class=\"heading\" id=\"v1-page44-p_691\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Current income taxes are accounted on the basis of estimated taxable income and the relevant applicable tax rates.</p><p class=\"heading\" id=\"v1-page44-p_692\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Deferred income taxes are determined based on temporary differences arising between the tax bases of assets and liabilities (excluding goodwill) and their carrying amounts, and differences arising from undistributed reserves registered in the shareholders' equity of the subsidiaries when the timing of reversal of these differences is under the Group's control and they will probably reverse within a reliably foreseeable period. Deferred income tax assets, including those on tax loss carryforwards, and not offset by deferred tax liabilities, are recognized to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilized. Deferred income taxes are calculated using tax rates (and laws) that are expected to apply when the related deferred income tax assets are realized or the deferred income tax liabilities are settled.\u00a0</p><p class=\"heading\" id=\"v1-page44-p_693\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Current and deferred income taxes are recognized in the income statement with the exception of the items that are recognized directly in shareholders' equity in which case the tax effect is accounted for in the relevant equity reserve, Current and deferred tax assets and liabilities are netted only when the entity has a legally enforceable right to offset the recognized amounts.</p><p class=\"heading\" id=\"v1-page44-p_694\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Substitute tax relates to the revaluation of assets according to Italian tax legislation and is recognized in income tax expense in the income statement. Other taxes, not related to income, are recognized in other operating costs in the income statement.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_695\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial instruments</p></li></ol><p class=\"heading\" id=\"v1-page44-p_696\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</p><p class=\"heading\" id=\"v1-page44-p_697\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">IFRS 9 Adoption</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_698\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 9 sets out the accounting of financial instruments with reference to the following areas: classification and measurement, impairment and hedge accounting.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_699\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main areas of intervention on the discipline operated by the standard are described below.</p></li></ol><p class=\"heading\" id=\"v1-page44-p_700\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Classification and measurement of the financial assets and liabilities</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_701\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group does not own at present any financial liability measured at fair value through profit and loss due to the adoption of the so-called fair value option.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_702\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Concerning financial assets, the new standard provides that the classification of the assets depends on the characteristics of the financial flows linked to such assets and to the business model used by the Group for their management. The Group at present does not own nor managed during the financial year any financial asset, such as debt securities, with sale purpose nor in absolute terms, except for the financial instruments managed as part of the core business of the company Centro Finanziamenti S.p.A. and for the financial instruments acquired following the change in the consolidation area occurred in the period. In addition, the Group does not own participations as investments which could be included under IFRS 9 or derivatives, even embedded ones. Trade receivables are held to be cashed at the contractual maturities of the cash flows related to them in capital and interest, where applicable. The Group assessed the characteristics of the contractual cash flows of these instruments and concluded that they respect the criteria for the measurement at amortized cost according to IFRS 9. Therefore, it was not necessary to reclassify these financial instruments. We can reach the same conclusions for the items recorded as cash and cash equivalents.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_703\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Impairment</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_704\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page44-p_704.r_0\" style=\"font-family: 'Garamond';\">IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on every trade receivable based on their residual contractual duration. The standard allows the adoption of matrixes for the measurement of the provision, capable of incorporating forecast information and not limited to historical evidences, as a practical expedient. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</span><span id=\"v1-page44-p_704.r_17\" style=\"font-size: 11pt;\">\u00a0</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_705\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Hedge accounting\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_706\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Given that IFRS 9 does not modify the general principle according to which an entity accounts for the effective hedging instruments, the main changes compared to the previous regulation IAS 39 are the following: (i) the hedge effectiveness test is only perspective and can also be based on qualitative aspects, replacing the previous 80-125% test and focusing on the economic relationship between hedge and hedged element; (ii) the possibility to designate as subject to hedging only a component of risk also for non-financial elements (provided that the risk component can be separately identifiable and reliably estimated); (iii) introduction of the cost of hedging concept; (iv) greater possibility to designate groups of elements as subject to hedging, including stratifications and some net positions. Without hedge accounting, the changes in the fair value of derivatives will continue to be recorded in the income statement.</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_707\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Earnings per share\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page44-p_708\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0Basic</p><p class=\"heading\" id=\"v1-page44-p_709\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Basic earnings per share are calculated by dividing the net income attributable to the Group by the weighted average number of ordinary shares outstanding during the year, excluding own shares.</p><p class=\"heading\" id=\"v1-page44-p_710\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0Diluted</p><p class=\"heading\" id=\"v1-page44-p_711\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Diluted earnings per share are calculated by adjusting the weighted average number of ordinary shares outstanding, excluding own shares, assuming the exercise of all potentially dilutive rights, whilst the Group's net income is adjusted to account for the effect of the conversion, net of taxes. The diluted earnings per share are not calculated in the event of losses, given that any such calculation would result in an improvement in the Group's results.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_712\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Accounting estimates and judgments</p></li></ol><p class=\"heading\" id=\"v1-page44-p_713\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The preparation of the financial statements requires the application by the directors of principles and accounting methodologies that sometimes require the use of estimates and judgments based on historical experience and other assumptions that are believed to be reasonable under the circumstances. The application of these estimates and assumptions impacts on the amounts included in the statement of financial position, income statement, statement of cash flows and the notes to the financial statements. The resulting accounting estimates could differ from the related actual results because of the uncertainty influencing the assumptions.</p><p class=\"heading\" id=\"v1-page44-p_714\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are discussed below.</p><p class=\"heading\" id=\"v1-page44-p_715\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0Deferred taxes</p><p class=\"heading\" id=\"v1-page44-p_716\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Deferred tax assets/liabilities are recognized on the basis of expectations of future earnings. The estimate of future earnings for purposes of the recognition of deferred taxes depends on factors that could vary over time and significantly affect the amount of deferred tax assets/liabilities.</p><p class=\"heading\" id=\"v1-page44-p_717\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0Stock options</p><p class=\"heading\" id=\"v1-page44-p_718\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The valuation of stock option plans is based on valuation techniques that take into consideration the expected volatility of share prices and the dividend yield. Should different assumptions be applied, the valuation of the stock option plans and the related expenses could be different.</p><p class=\"heading\" id=\"v1-page44-p_719\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(c) \u00a0\u00a0\u00a0\u00a0Impairment test for the evaluation of goodwill and participations</p><p class=\"heading\" id=\"v1-page44-p_720\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The impairment test provides for the use of valuation methods based on estimations and assumptions which could be subject to significant changes with subsequent impacts on the results of the evaluations done.</p><p class=\"heading\" id=\"v1-page44-p_721\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(d) \u00a0\u00a0\u00a0\u00a0Fair value of net assets acquired in a business combination\u00a0</p><p class=\"heading\" id=\"v1-page44-p_722\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Pursuant to IFRS 3, the Group records the identifiable acquired assets and liabilities at fair value as of the date of acquisition of control. The residual amount is recorded as goodwill arising from the acquisition. These values are determined by estimating the identifiable assets and liabilities, based on reasonable and realistic assumptions using the information available at the date when control was acquired, which had an effect on the value of the recognized assets, liabilities and goodwill, as well as on the revenues and expenses for the period.\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page44-p_723\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">New principles effective starting from the financial year ended December 31, 2022 not relevant to the Group</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_724\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following standards, amendments and interpretations, applicable from January 1st , 2022, are not relevant or they did not involve effects for the Group:</p></li></ol><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_725\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Reference to the Conceptual Framework - Amendments to IFRS 3;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_726\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Property, Plant and Equipment: Proceeds before Intended Use - Amendments to IAS 16;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_727\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Onerous Contracts - Costs of Fulfilling a Contract - Amendments to IAS 37;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_728\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 1 First-time Adoption of International Financial Reporting Standards - Subsidiary as a first-time adopter;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_729\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 9 Financial Instruments - \"10 per cent\" test for derecognition of financial liabilities;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_730\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IAS 41 Agriculture - Taxation in fair value measurements<span id=\"v1-page44-p_730.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt;\">.</span></p></li></ul><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_731\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Reclassification of comparative figures as of December 31, 2021</p></li></ol><p id=\"v1-page44-p_732\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In order to better represent current assets in the balance sheet for the year ended 31 December 2021, financial receivables attributable to subsidiary Centro Finanziamenti S.p.A., previously recognized under the item \"Trade receivables\", were reclassified under the item \"Current financial assets\" for an amount of Euro 4.957 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_733\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Financial risk analysis</p></li></ol><p class=\"heading\" id=\"v1-page44-p_734\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Risk management of the Group is based on the principle that operating risk or financial risk is managed by the person in charge of the business process involved.</p><p class=\"heading\" id=\"v1-page44-p_735\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main risks are reported and discussed at Group top management level in order to create the conditions for their coverage, assurance and assessment of residual risk.</p><p class=\"heading\" id=\"v1-page44-p_736\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Exchange and interest rate risk</p><p class=\"heading\" id=\"v1-page44-p_737\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Currently the financial risk management policies of the companies of the Group provide a balanced split between fixed-rate and variable-rate loans, aimed at optimizing the cost of the loans over time. As of today, the risk of incurring greater interest costs as a result of unfavorable variations of market interest rates, as better analyzed in the following, is mitigated by the subscription of hedging derivatives, which change the rate from floating to fixed, on a portion of the Group's debt.</p><p class=\"heading\" id=\"v1-page44-p_738\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Intesa SanPaolo S.p.A., signed on July 29, 2022, is equal to 6-month Euribor increased by 2.00%. In addition, on 60% of the disbursed amount, and until December 31, 2026, a derivative contract was signed to hedge the interest rate, which is converted to a fixed rate at 1.396%, increased by the margin of 2.00%.</p><p class=\"heading\" id=\"v1-page44-p_739\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Credit Agricole Italia S.p.A., signed on August 9, 2022, is equal to 3-months Euribor, increased by a spread of 1.65%.\u00a0</p><p class=\"heading\" id=\"v1-page44-p_740\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Unicredit S.p.A., signed on August 9, 2022, is equal to 3-months Euribor, increased by a spread of 1.80%. In addition, on 60% of the financed amount, equal to Euro 30,000 thousand, and until August 29, 2025, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 1.435%, increased by the margin of 1.80%.\u00a0</p><p class=\"heading\" id=\"v1-page44-p_741\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Banco BPM S.p.A., signed on September 5, 2022, is equal to 6-months Euribor, increased by a spread of 1.80% on a credit line equal to Euro 35,000 thousand (\"Line A\"), and a spread of 2.00% on a bullet credit line equal to Euro 15,000 thousand (\"Line B\"). In addition, on 50% of the financed amount, and until the expiration date of each credit line, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 2.39% for the Line A, and 2.485% for the Line B, increased by the margins described above, and is subject to change over the term of the contract based on the change in the ratio between Net Financial Debt and EBITDA.</p><p class=\"heading\" id=\"v1-page45-p_742\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Credito Emiliano S.p.A., signed on November 2, 2022, is equal to 1-month Euribor, increased by a spread of 0.90%.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page45-p_743\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Cr\u00e9dit Agricole Italia S.p.A., signed on June 28, 2018, is equal to 3-month Euribor increased by 0.90%, and it is subject to change during the length of the contract based on the change of the ratio between Net Financial Indebtedness and EBITDA.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page45-p_744\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the loan from Unicredit S.p.A., obtained on February 26, 2021, is equal to 3-month Euribor increased by 1.60%. On such loan the Issuer subscribed a derivative hedging the variable rate, which converts the 3-months Euribor interest rate into a yearly fixed rate of -0.15%.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page45-p_745\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A possible unfavorable variation of the Euribor, equal to 1.0%, should produce an additional overall expense for the Group equal to Euro 1,575 thousand in 2023.\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page45-p_746\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For the remaining loans already described in paragraph 2.4.1. a fixed rate is applied instead.</p><p class=\"heading\" id=\"v1-page45-p_747\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regards to the coverage of exchange rate risk, it is worth pointing out that, as of the reference date of this report, there are no significant assets or liabilities denominated in currencies different from the Euro, with the exception of the Moneysupermarket.com Group PLC shares, amounting to Euro 95,448 thousand as of December 31, 2022, denominated in sterling, whose fluctuation can be considered limited.\u00a0</p><p class=\"heading\" id=\"v1-page45-p_748\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Therefore, this risk is considered limited for the Group.</p><p class=\"heading\" id=\"v1-page45-p_749\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Credit risk</p><p class=\"heading\" id=\"v1-page45-p_750\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The current assets of the Group, with the exception of cash and cash equivalents, are constituted mainly by trade receivables for an amount of Euro 124,186 thousand, of which the overdue portion as of December 31, 2022 is equal to Euro 36,790 thousand, of which Euro 13,282 thousand is overdue for over 90 days.</p><p class=\"heading\" id=\"v1-page45-p_751\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Most of the gross overdue receivables were paid by the clients during the first months of 2023. As of the date of approval of this report, receivables not yet collected, overdue as of December 31, 2022, amount to Euro 15,782 thousand, of which Euro 9,395 thousand are receivables already overdue for over 90 days as of December 31, 2022.</p><p class=\"heading\" id=\"v1-page45-p_752\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Trade receivables are mainly from banks and other financial institutions, insurance companies, leasing/rental companies and public entities, considered highly reliable but, facing receivables for which we consider a credit risk could arise, we allotted an allowance for doubtful receivables equal to Euro 7,571 thousand.</p><p class=\"heading\" id=\"v1-page45-p_753\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group monitors counterparty risk by analyzing the solvency and standing of customers before entering into business relations with them and trying to limit an excessively high concentration of receivables from a few counterparties.</p><p class=\"heading\" id=\"v1-page45-p_754\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For this purpose, it is worth mentioning that we do not notice any significant concentration of revenues on any client: in 2022 the revenues from the main client of the Group represent 5.4% of total consolidated revenues.</p><p class=\"heading\" id=\"v1-page45-p_755\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Liquidity risk</p><p class=\"heading\" id=\"v1-page45-p_756\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Liquidity risk represents the risk that a company is not able to procure financial resources to support short-term operations.</p><p id=\"v1-page45-p_757\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The total amount of liquidity as of December 31, 2022 is Euro\u00a0<span id=\"v1-page45-p_757.r_7\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt;\">269,647\u00a0</span>thousand, and current financial liabilities equal to Euro 66,294 thousand; therefore, the management believes that liquidity risk for the Group is limited, eventaking into account the disbursement of Euro 159,194 thousand on February 1<sup id=\"v1-page45-p_757.r_32\">st</sup>, 2023, related to the payment for the acquisition of 100% of the capital of Rastreator.com Ltd, Preminen Price Comparison Holdings Ltd and LeLynx SAS.</p><p class=\"heading\" id=\"v1-page45-p_758\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0,25in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline; text-indent: -0,25in;\">Risk linked to Covid-19 Pandemic</p><p id=\"v1-page45-p_759\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page45-p_759.r_0\" style=\"font-family: 'Garamond';\">The current scenario had no impact on the economic results realized in the financial year ended December 31, 2022. As of the date of approval of this report, no significant impact is expected on the Group's results in the predictable future.</span><span id=\"v1-page45-p_759.r_8\" style=\"font-size: 11pt;\">\u00a0</span></p><p class=\"heading\" id=\"v1-page45-p_760\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0,25in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline; text-indent: -0,25in;\">Current geopolitical situation - crisis in Ukraine</p><p class=\"heading\" id=\"v1-page45-p_761\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With regards to the current geopolitical situation, it should be noted preliminary that the Group is not directly exposed to the Russian and Ukrainian economies. The consequences of the invasion of Ukraine by the Russian Federation are not currently such as to give rise to concern for the businesses of companies of the Group and are not expected to have any impact on their ability to continue operating as going concerns: however, any significant fall in consumer confidence and/or disposable income could have a negative impact on the activity volumes of the various lines of business. The Group also constantly monitors the trend of rising inflation and higher energy costs, whose impacts are not considered significant in view of the nature of the businesses of the Group companies.</p><p class=\"heading\" id=\"v1-page45-p_762\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Operating risk and going concern</p><p class=\"heading\" id=\"v1-page45-p_763\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The technological component is an essential element for the operating activities of the Group; therefore, there is the risk that the possible malfunctioning of the technological infrastructure may cause an interruption of client services or loss of data. However, the companies of the Group have developed a series of plans, procedures and tools to guarantee business continuity and data security.\u00a0</p><p class=\"heading\" id=\"v1-page45-p_764\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Considering the economic and financial situation, in particular the level of available reserves, and taking into account the trend of the net working capital and of the economic and financial situation, the separated and consolidated financial reports have been prepared considering the assumption of going concern, respected.</p><p class=\"heading\" id=\"v1-page45-p_765\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It should also be considered that the Group, as in previous years, achieved positive economic results, and, despite uncertain macroeconomic scenarios, that future economic forecasts are also positive. Finally, the Group has adequate financial resources to meet its future obligations over a period of at least 12 months from the date of approval of the financial statements, and it can, where necessary, activate additional levers to rapidly liquidate significant investments.</p><p class=\"heading\" id=\"v1-page45-p_766\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Risk linked to Climate Change</p><p class=\"heading\" id=\"v1-page45-p_767\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With regard to possible impacts related to climate change, the Group, operating in the service sector, has not identified any particular physical risks or significant transitional risks. Therefore, a quantitative assessment of the impacts of physical and transitional risks has not been carried out. With reference to climate change and energy transition, the management, considering the characteristics of the business models of the Group companies, has not identified significant impacts on the economic results or working practices adopted by the Group.</p><p class=\"heading\" id=\"v1-page45-p_768\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For a more detailed analysis, please refer to the consolidated non-financial statement 2022, available on the Group's website.\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page45-p_769\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Segment reporting</p></li></ol><p class=\"heading\" id=\"v1-page45-p_770\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The primary segment reporting is by business segments; the board of directors of the Issuer identifies the business segments of the Group in Broking and BPO Division:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page45-p_771\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page45-p_771.r_0\" style=\"font-weight: bold;\">Broking Division</span>: the division operates in the Italian market for credit and insurance distribution, operating as a credit intermediary and insurance broker. The credit products that we broker are mainly mortgages and personal loans, provided to retail clients primarily through remote channels and secondarily through the territorial network. The lenders using the credit intermediation services of the Broking Division are primary universal and specialized banks and include some of the main financial institutions operating in the Italian market. The brokered insurance products are mainly auto and motorcycle insurance policies, distributed through remote channels. Moreover, the Division also performs comparison and/or promotion of further products, including e-commerce products, bank accounts and utilities (ADSL, electricity and gas). Since February 2023, the division has extended its presence to Spain, France and Mexico, where it conducts online distribution mainly of insurance products.</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page45-p_772\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page45-p_772.r_0\" style=\"font-weight: bold;\">BPO Division (Business Process Outsourcing Division)</span>: operates in the Italian market for outsourcing services to financial institutions, which consist principally of performing complex commercial, underwriting and portfolio servicing activities related to mortgages and CQ Loans, in the market for management and claim settlement outsourcing services, in the market of BPO and IT services for leasing and long-term rental operators and, finally, in the market for the provision of back office outsourcing services supporting financial advisors and investment companies. The financial institutions using the services of the BPO Division include primary national and international financial institutions.</p></li></ul><p class=\"heading\" id=\"v1-page45-p_773\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Detailed information relative to each division is provided below. For this purpose, it is worth highlighting that the allocation of the costs incurred by the Issuer and by PP&amp;E S.r.l. for the benefit of each Division is based on the relevant headcount in Italy at the end of the period.</p><p class=\"heading\" id=\"v1-page45-p_774\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Revenues by Division</p><p id=\"v1-page45-p_775\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page45-tbl_10\" style=\"border-collapse: collapse;width: 5,792in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 241pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td></tr><tr id=\"v1-page45-tbl_10.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page45-tbl_10.tr_0.tc_0\" style=\"width: 241pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page45-tbl_10.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page45-tbl_10.tr_0.tc_1\" style=\"width: 176pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page45-tbl_10.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page45-tbl_10.tr_1.tc_0\" style=\"width: 241pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page45-tbl_10.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page45-tbl_10.tr_1.tc_1\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2022</p></td><td id=\"v1-page45-tbl_10.tr_1.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2021</p></td></tr><tr id=\"v1-page45-tbl_10.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_2.tc_0\" style=\"width: 241pt;background: #FFFFFF;\"><p id=\"v1-page45-tbl_10.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page45-tbl_10.tr_2.tc_1\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page45-tbl_10.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page45-tbl_10.tr_2.tc_2\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page45-tbl_10.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page45-tbl_10.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_3.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division revenues</p></td><td id=\"v1-page45-tbl_10.tr_3.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">131,042</p></td><td id=\"v1-page45-tbl_10.tr_3.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">134,248</p></td></tr><tr id=\"v1-page45-tbl_10.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_4.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division revenues</p></td><td id=\"v1-page45-tbl_10.tr_4.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,728</p></td><td id=\"v1-page45-tbl_10.tr_4.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,216</p></td></tr><tr id=\"v1-page45-tbl_10.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_5.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page45-tbl_10.tr_5.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page45-tbl_10.tr_5.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page45-tbl_10.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_6.tc_0\" style=\"width: 241pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total revenues</p></td><td id=\"v1-page45-tbl_10.tr_6.tc_1\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">310,770</p></td><td id=\"v1-page45-tbl_10.tr_6.tc_2\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">313,464</p></td></tr></table><p id=\"v1-page45-p_776\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page45-p_777\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Operating income by Division</p><p id=\"v1-page45-p_778\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page45-tbl_11\" style=\"border-collapse: collapse;width: 5,792in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 241pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td></tr><tr id=\"v1-page45-tbl_11.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page45-tbl_11.tr_0.tc_0\" style=\"width: 241pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page45-tbl_11.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page45-tbl_11.tr_0.tc_1\" style=\"width: 176pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page45-tbl_11.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page45-tbl_11.tr_1.tc_0\" style=\"width: 241pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page45-tbl_11.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page45-tbl_11.tr_1.tc_1\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2022</p></td><td id=\"v1-page45-tbl_11.tr_1.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2021</p></td></tr><tr id=\"v1-page45-tbl_11.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page45-tbl_11.tr_2.tc_0\" style=\"width: 241pt;background: #FFFFFF;\"><p id=\"v1-page45-tbl_11.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_2.tc_1\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page45-tbl_11.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_2.tc_2\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page45-tbl_11.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page45-tbl_11.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_11.tr_3.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division operating income</p></td><td id=\"v1-page45-tbl_11.tr_3.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">39,284</p></td><td id=\"v1-page45-tbl_11.tr_3.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">44,197</p></td></tr><tr id=\"v1-page45-tbl_11.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_11.tr_4.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division operating income</p></td><td id=\"v1-page45-tbl_11.tr_4.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">27,258</p></td><td id=\"v1-page45-tbl_11.tr_4.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">24,767</p></td></tr><tr id=\"v1-page45-tbl_11.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page45-tbl_11.tr_5.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_5.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_5.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page45-tbl_11.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_11.tr_6.tc_0\" style=\"width: 241pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total operating income</p></td><td id=\"v1-page45-tbl_11.tr_6.tc_1\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">66,542</p></td><td id=\"v1-page45-tbl_11.tr_6.tc_2\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">68,964</p></td></tr><tr id=\"v1-page45-tbl_11.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page45-tbl_11.tr_7.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page45-tbl_11.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_7.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_7.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page45-tbl_11.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_11.tr_8.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Financial income</p></td><td id=\"v1-page45-tbl_11.tr_8.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0356\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_8.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0469\u00a0</p></td></tr><tr id=\"v1-page45-tbl_11.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_11.tr_9.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Financial expenses</p></td><td id=\"v1-page45-tbl_11.tr_9.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,869)</p></td><td id=\"v1-page45-tbl_11.tr_9.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,379)</p></td></tr><tr id=\"v1-page45-tbl_11.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_11.tr_10.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income/(losses) from participations</p></td><td id=\"v1-page45-tbl_11.tr_10.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a046\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_10.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(78)</p></td></tr><tr id=\"v1-page45-tbl_11.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_11.tr_11.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income/(losses) from financial assets/liabilities</p></td><td id=\"v1-page45-tbl_11.tr_11.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,690\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_11.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,783)</p></td></tr><tr id=\"v1-page45-tbl_11.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page45-tbl_11.tr_12.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page45-tbl_11.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_12.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_12.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page45-tbl_11.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_11.tr_13.tc_0\" style=\"width: 241pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net income before income tax expense</p></td><td id=\"v1-page45-tbl_11.tr_13.tc_1\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a065,765\u00a0</p></td><td id=\"v1-page45-tbl_11.tr_13.tc_2\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_11.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a065,193\u00a0</p></td></tr></table><p id=\"v1-page46-p_779\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0<span id=\"v1-page46-p_779.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt;\">As follows we provide the breakdown of revenues by client for each Division:</span></p><p id=\"v1-page46-p_780\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page46-tbl_12\" style=\"border-collapse: collapse;width: 6,444in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 187pt;line-height: 0px;\"></td><td style=\"width: 85pt;line-height: 0px;\"></td><td style=\"width: 58pt;line-height: 0px;\"></td><td style=\"width: 85pt;line-height: 0px;\"></td><td style=\"width: 49pt;line-height: 0px;\"></td></tr><tr id=\"v1-page46-tbl_12.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_0.tc_0\" style=\"width: 187pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"4\" id=\"v1-page46-tbl_12.tr_0.tc_1\" style=\"width: 277pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page46-tbl_12.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page46-tbl_12.tr_1.tc_0\" style=\"width: 187pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page46-tbl_12.tr_1.tc_1\" style=\"width: 85pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2022</p></td><td id=\"v1-page46-tbl_12.tr_1.tc_2\" style=\"width: 58pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">(a)</p></td><td id=\"v1-page46-tbl_12.tr_1.tc_3\" style=\"width: 85pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2021</p></td><td id=\"v1-page46-tbl_12.tr_1.tc_4\" style=\"width: 49pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">(a)</p></td></tr><tr id=\"v1-page46-tbl_12.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_12.tr_2.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_2.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_2.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_2.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_2.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_12.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_3.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client A</p></td><td id=\"v1-page46-tbl_12.tr_3.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,149\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_3.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7.7%</p></td><td id=\"v1-page46-tbl_12.tr_3.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a022,946\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_3.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">17.1%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_4.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client B</p></td><td id=\"v1-page46-tbl_12.tr_4.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,661\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_4.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.6%</p></td><td id=\"v1-page46-tbl_12.tr_4.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,260\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_4.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.9%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_5.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client C</p></td><td id=\"v1-page46-tbl_12.tr_5.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,477\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_5.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.5%</p></td><td id=\"v1-page46-tbl_12.tr_5.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,326\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_5.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.5%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_6.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client D</p></td><td id=\"v1-page46-tbl_12.tr_6.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,545\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_6.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.8%</p></td><td id=\"v1-page46-tbl_12.tr_6.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,901\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_6.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.7%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_7.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other Clients</p></td><td id=\"v1-page46-tbl_12.tr_7.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a096,210\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_7.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">73.4%</p></td><td id=\"v1-page46-tbl_12.tr_7.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a089,815\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_7.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">66.9%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_12.tr_8.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_8.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_8.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_8.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_8.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_12.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_9.tc_0\" style=\"width: 187pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total Broking Division revenues</p></td><td id=\"v1-page46-tbl_12.tr_9.tc_1\" style=\"width: 85pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0131,042\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_9.tc_2\" style=\"width: 58pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">100.0%</p></td><td id=\"v1-page46-tbl_12.tr_9.tc_3\" style=\"width: 85pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0134,248\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_9.tc_4\" style=\"width: 49pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">100.0%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_10\" style=\"height: 13pt;\"><td id=\"v1-page46-tbl_12.tr_10.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_10.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_10.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_10.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_10.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_12.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_11.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client E</p></td><td id=\"v1-page46-tbl_12.tr_11.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014,531\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_11.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8.1%</p></td><td id=\"v1-page46-tbl_12.tr_11.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014,873\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_11.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8.3%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_12.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client F</p></td><td id=\"v1-page46-tbl_12.tr_12.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,919\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_12.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.0%</p></td><td id=\"v1-page46-tbl_12.tr_12.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a011,339\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_12.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.3%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_13.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client G</p></td><td id=\"v1-page46-tbl_12.tr_13.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,301\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_13.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4.6%</p></td><td id=\"v1-page46-tbl_12.tr_13.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,132\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_13.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.7%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_14.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client H</p></td><td id=\"v1-page46-tbl_12.tr_14.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,693\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_14.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.7%</p></td><td id=\"v1-page46-tbl_12.tr_14.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,972\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_14.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.6%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_15.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other Clients</p></td><td id=\"v1-page46-tbl_12.tr_15.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0141,284\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_15.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">78.6%</p></td><td id=\"v1-page46-tbl_12.tr_15.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0132,900\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_15.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">74.2%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_16\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_12.tr_16.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_16.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_16.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_16.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_16.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_12.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_17.tc_0\" style=\"width: 187pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total BPO Division revenues</p></td><td id=\"v1-page46-tbl_12.tr_17.tc_1\" style=\"width: 85pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0179,728\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_17.tc_2\" style=\"width: 58pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">100.0%</p></td><td id=\"v1-page46-tbl_12.tr_17.tc_3\" style=\"width: 85pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0179,216\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_17.tc_4\" style=\"width: 49pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">100.0%</p></td></tr></table><p id=\"v1-page46-p_781\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Decimal\" style=\"list-style-type: none;margin-left: 0,25in;\"><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-LowerLetter\" style=\"font-style: italic;font-family: 'Arial';font-size: 7pt;\"><p id=\"v1-page46-p_782\" style=\"color: #000000; font-family: 'Arial'; font-size: 7pt; font-style: italic; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">Percentage of total Division revenues</p></li></ol></li></ul><p class=\"heading\" id=\"v1-page46-p_783\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page46-p_783.r_0\" style=\"font-style: italic; text-decoration: underline;\">Assets by Division</span><span id=\"v1-page46-p_783.r_2\" style=\"background-color: yellow;\">\u00a0</span></p><p class=\"heading\" id=\"v1-page46-p_784\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The allocation of property, plant and equipment shared by both Divisions is based on space occupied.</p><p id=\"v1-page46-p_785\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page46-tbl_13\" style=\"border-collapse: collapse;width: 4,889in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 140pt;line-height: 0px;\"></td><td style=\"width: 106pt;line-height: 0px;\"></td><td style=\"width: 106pt;line-height: 0px;\"></td></tr><tr id=\"v1-page46-tbl_13.tr_0\" style=\"height: 32pt;\"><td id=\"v1-page46-tbl_13.tr_0.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_13.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page46-tbl_13.tr_0.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of<br/>December 31, 2022\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_0.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of<br/>December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_13.tr_1.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division assets</p></td><td id=\"v1-page46-tbl_13.tr_1.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0192,265\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_1.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0205,113\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_13.tr_2.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division assets</p></td><td id=\"v1-page46-tbl_13.tr_2.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0291,849\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_2.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0173,281\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_13.tr_3.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Not allocated</p></td><td id=\"v1-page46-tbl_13.tr_3.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0135,420\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_3.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a072,354\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_13.tr_4.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalents</p></td><td id=\"v1-page46-tbl_13.tr_4.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0269,647\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_4.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0165,857\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_13.tr_5.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total assets</p></td><td id=\"v1-page46-tbl_13.tr_5.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0889,181\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_5.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0616,605\u00a0</p></td></tr></table><p id=\"v1-page46-p_786\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page46-p_787\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"not allocated\" mainly includes the value of the Moneysupermarket.com Group PLC shares, equal to Euro 95,448 thousand, and the assets attributable to the Issuer and the subsidiary P.P.&amp;E. S.r.l..</p><p class=\"heading\" id=\"v1-page46-p_788\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Liabilities by Division</p><p id=\"v1-page46-p_789\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page46-tbl_14\" style=\"border-collapse: collapse;width: 4,889in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 140pt;line-height: 0px;\"></td><td style=\"width: 106pt;line-height: 0px;\"></td><td style=\"width: 106pt;line-height: 0px;\"></td></tr><tr id=\"v1-page46-tbl_14.tr_0\" style=\"height: 33pt;\"><td id=\"v1-page46-tbl_14.tr_0.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_14.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page46-tbl_14.tr_0.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of<br/>December 31, 2022\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_0.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of<br/>December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page46-tbl_14.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_14.tr_1.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division liabilities</p></td><td id=\"v1-page46-tbl_14.tr_1.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a031,125\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_1.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a036,214\u00a0</p></td></tr><tr id=\"v1-page46-tbl_14.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_14.tr_2.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division liabilities</p></td><td id=\"v1-page46-tbl_14.tr_2.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0125,906\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_2.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a098,766\u00a0</p></td></tr><tr id=\"v1-page46-tbl_14.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_14.tr_3.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Not allocated</p></td><td id=\"v1-page46-tbl_14.tr_3.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0459,826\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_3.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0212,555\u00a0</p></td></tr><tr id=\"v1-page46-tbl_14.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_14.tr_4.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total liabilities</p></td><td id=\"v1-page46-tbl_14.tr_4.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0616,857\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_4.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0347,535\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page46-p_790\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"not allocated\" mainly includes the financial liabilities of the Issuer for Euro 444,412 thousand. and the other liabilities attributable to the Issuer and the subsidiary P.P.&amp;E. S.r.l..</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page46-p_791\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Business combinations</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page46-p_792\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of Luna Service S.r.l.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page46-p_793\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On January 17, 2022, the Issuer acquired 100% of the share capital of Luna Service S.r.l., a company operating in the development of software and the provision of services in the property registers area, for a consideration of Euro 974 thousand.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page46-p_794\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Following the analysis aimed at determining the fair value of the assets, the liabilities and potential liabilities, the management, also through the support of a specifically appointed independent advisor, defined the allocation of the purchase price paid for the acquisition of Luna Service S.r.l., as follows:</p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page46-tbl_15\" style=\"border-collapse: collapse;width: 5,833in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 382pt;line-height: 0px;\"></td><td style=\"width: 38pt;line-height: 0px;\"></td></tr><tr id=\"v1-page46-tbl_15.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_0.tc_0\" style=\"width: 382pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_0.tc_1\" style=\"width: 38pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_1.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page46-tbl_15.tr_1.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">21</p></td></tr><tr id=\"v1-page46-tbl_15.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_2.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page46-tbl_15.tr_2.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,008</p></td></tr><tr id=\"v1-page46-tbl_15.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_3.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which allocated to software</p></td><td id=\"v1-page46-tbl_15.tr_3.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">985</p></td></tr><tr id=\"v1-page46-tbl_15.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_4.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page46-tbl_15.tr_4.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">227</p></td></tr><tr id=\"v1-page46-tbl_15.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_5.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page46-tbl_15.tr_5.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(352)</p></td></tr><tr id=\"v1-page46-tbl_15.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_6.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which deferred tax liabilities on allocated software</p></td><td id=\"v1-page46-tbl_15.tr_6.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">(275)</p></td></tr><tr id=\"v1-page46-tbl_15.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_7.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page46-tbl_15.tr_7.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(106)</p></td></tr><tr id=\"v1-page46-tbl_15.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_8.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_8.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_9.tc_0\" style=\"width: 382pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page46-tbl_15.tr_9.tc_1\" style=\"width: 38pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">798</p></td></tr><tr id=\"v1-page46-tbl_15.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_10.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_10.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_11.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page46-tbl_15.tr_11.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">974</p></td></tr><tr id=\"v1-page46-tbl_15.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_12.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_12.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_12.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_13.tc_0\" style=\"width: 382pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page46-tbl_15.tr_13.tc_1\" style=\"width: 38pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">176</p></td></tr><tr id=\"v1-page46-tbl_15.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_14.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_14.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_15.tc_0\" style=\"width: 382pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value allocated to goodwill</p></td><td id=\"v1-page46-tbl_15.tr_15.tc_1\" style=\"width: 38pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">176</p></td></tr><tr id=\"v1-page46-tbl_15.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_16.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_16.tc_0.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_16.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_16.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_17.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page46-tbl_15.tr_17.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">21</p></td></tr><tr id=\"v1-page46-tbl_15.tr_18\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_18.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_18.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_19\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_19.tc_0\" style=\"width: 382pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page46-tbl_15.tr_19.tc_1\" style=\"width: 38pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">953</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page47-p_795\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page47-p_796\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Luna Service S.r.l. will be included in the \"<span id=\"v1-page47-p_796.r_1\" style=\"font-weight: bold;\">Real Estate Services BPO</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page47-p_797\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\"><span id=\"v1-page47-p_797.r_0\" style=\"font-family: 'Garamond';\">Acquisition of\u00a0</span><span id=\"v1-page47-p_797.r_1\" style=\"font-size: 11pt;\">Gema Motor S.r.l.</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page47-p_798\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On February 1, 2022, the Group signed a contract to acquire, through subsidiary Gruppo Lercari S.r.l., 100% of the share capital of Gema S.r.l., a company that offers insurance outsourcing services in the automotive sector, for a consideration of Euro 1,498 thousand.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page47-p_799\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Following the analysis aimed at determining the fair value of the assets, the liabilities and potential liabilities, the management, also through the support of a specifically appointed independent advisor, defined the allocation of the purchase price paid for the acquisition of Gema Motor S.r.l., as follows:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page47-p_800\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page47-tbl_16\" style=\"border-collapse: collapse;width: 5,75in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374pt;line-height: 0px;\"></td><td style=\"width: 40pt;line-height: 0px;\"></td></tr><tr id=\"v1-page47-tbl_16.tr_0\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_0.tc_0\" style=\"width: 374pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_0.tc_1\" style=\"width: 40pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_1.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page47-tbl_16.tr_1.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page47-tbl_16.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_2.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page47-tbl_16.tr_2.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page47-tbl_16.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_3.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page47-tbl_16.tr_3.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">349</p></td></tr><tr id=\"v1-page47-tbl_16.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_4.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page47-tbl_16.tr_4.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(113)</p></td></tr><tr id=\"v1-page47-tbl_16.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_5.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page47-tbl_16.tr_5.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(187)</p></td></tr><tr id=\"v1-page47-tbl_16.tr_6\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_6.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_6.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_6.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_7.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page47-tbl_16.tr_7.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">69</p></td></tr><tr id=\"v1-page47-tbl_16.tr_8\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_8.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_8.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_9.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page47-tbl_16.tr_9.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,498</p></td></tr><tr id=\"v1-page47-tbl_16.tr_10\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_10.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_10.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_11.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page47-tbl_16.tr_11.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,429</p></td></tr><tr id=\"v1-page47-tbl_16.tr_12\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_12.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_12.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_13.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value allocated to goodwill</p></td><td id=\"v1-page47-tbl_16.tr_13.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,429</p></td></tr><tr id=\"v1-page47-tbl_16.tr_14\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_14.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_14.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_14.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_15.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page47-tbl_16.tr_15.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page47-tbl_16.tr_16\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_16.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_16.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_17.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page47-tbl_16.tr_17.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,488</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page48-p_801\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_802\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Gema Motor S.r.l. will be included in the \"<span id=\"v1-page48-p_802.r_3\" style=\"font-weight: bold;\">Insurance BPO</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_803\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of Europa Centro Servizi S.r.l.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_804\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On March 1<sup id=\"v1-page48-p_804.r_1\">st</sup>, 2022 the Issuer acquired 100% of the share capital of Europa Centro Servizi S.r.l., a company operating in the field of para-legal services in support of operators in the NPL sector and real estate procedures, for a consideration of Euro 15,256 thousand. In addition there is an earn-out linked to future economic performance of the acquired company, which at the date of acquisition was estimated at Euro 257 thousand.</p></li></ol><p class=\"heading\" id=\"v1-page48-p_805\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Following the analysis aimed at determining the fair value of the assets, the liabilities and potential liabilities, the management, also through the support of a specifically appointed independent advisor, defined the allocation of the purchase price paid for the acquisition of Europa Centro Servizi S.r.l., as follows: \u00a0</p><p id=\"v1-page48-p_806\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page48-tbl_17\" style=\"border-collapse: collapse;width: 5,772in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374,8pt;line-height: 0px;\"></td><td style=\"width: 41,9pt;line-height: 0px;\"></td></tr><tr id=\"v1-page48-tbl_17.tr_0\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_0.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_0.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_1.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page48-tbl_17.tr_1.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">46</p></td></tr><tr id=\"v1-page48-tbl_17.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_2.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page48-tbl_17.tr_2.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8,738</p></td></tr><tr id=\"v1-page48-tbl_17.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_3.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which allocated to equity value</p></td><td id=\"v1-page48-tbl_17.tr_3.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">8,527</p></td></tr><tr id=\"v1-page48-tbl_17.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_4.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page48-tbl_17.tr_4.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,446</p></td></tr><tr id=\"v1-page48-tbl_17.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_5.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page48-tbl_17.tr_5.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,382)</p></td></tr><tr id=\"v1-page48-tbl_17.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_6.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which deferred tax liabilities on allocated equity value</p></td><td id=\"v1-page48-tbl_17.tr_6.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">(2,379)</p></td></tr><tr id=\"v1-page48-tbl_17.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_7.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page48-tbl_17.tr_7.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(12)</p></td></tr><tr id=\"v1-page48-tbl_17.tr_8\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_8.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_8.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_9.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page48-tbl_17.tr_9.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,836</p></td></tr><tr id=\"v1-page48-tbl_17.tr_10\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_10.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_10.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_11.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page48-tbl_17.tr_11.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">15,513</p></td></tr><tr id=\"v1-page48-tbl_17.tr_12\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_12.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_12.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_12.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_13.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page48-tbl_17.tr_13.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">5,677</p></td></tr><tr id=\"v1-page48-tbl_17.tr_14\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_14.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_14.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_15.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value allocated to goodwill</p></td><td id=\"v1-page48-tbl_17.tr_15.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">5,677</p></td></tr><tr id=\"v1-page48-tbl_17.tr_16\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_16.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_16.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_17.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page48-tbl_17.tr_17.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">46</p></td></tr><tr id=\"v1-page48-tbl_17.tr_18\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_18.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_18.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_19\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_19.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page48-tbl_17.tr_19.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">15,467</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_807\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_808\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Europa Centro Servizi S.r.l. will be included in the \"<span id=\"v1-page48-p_808.r_3\" style=\"font-weight: bold;\">Real Estate Service BPO</span>\" business line, within the BPO Division. starting from the acquisition date.</p></li></ol><p id=\"v1-page48-p_809\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><p id=\"v1-page48-p_810\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">The costs linked to the acquisition of Europa Centro Servizi S.r.l. are equal to euro 50 thousand and are recorded in the income statement among \"Service costs\".</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_811\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of the Onda Group</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_812\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On June 1<sup id=\"v1-page48-p_812.r_1\">st</sup>, 2022, the Group signed a contract for the acquisition, through subsidiary Gruppo Lercari S.r.l., of 100% of the share capital of Onda S.r.l., a company at the head of a group of companies specializing in the provision of expert and other after-sales services to insurance companies, for a price of Euro 4,750 thousand.</p></li></ol><p class=\"heading\" id=\"v1-page48-p_813\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Following the analysis aimed at determining the fair value of the assets, the liabilities and potential liabilities, the management, also through the support of a specifically appointed independent advisor, defined the allocation of the purchase price paid for the acquisition of the Onda Group, as follows:</p><p class=\"heading\" id=\"v1-page48-p_814\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page48-tbl_18\" style=\"border-collapse: collapse;width: 5,75in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374pt;line-height: 0px;\"></td><td style=\"width: 41,9pt;line-height: 0px;\"></td></tr><tr id=\"v1-page48-tbl_18.tr_0\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_0.tc_0\" style=\"width: 374pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_0.tc_1\" style=\"width: 40pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_1.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page48-tbl_18.tr_1.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">936</p></td></tr><tr id=\"v1-page48-tbl_18.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_2.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page48-tbl_18.tr_2.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6,639</p></td></tr><tr id=\"v1-page48-tbl_18.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_3.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which allocated to software</p></td><td id=\"v1-page48-tbl_18.tr_3.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">6,193</p></td></tr><tr id=\"v1-page48-tbl_18.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_4.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page48-tbl_18.tr_4.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,532</p></td></tr><tr id=\"v1-page48-tbl_18.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_5.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page48-tbl_18.tr_5.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,005)</p></td></tr><tr id=\"v1-page48-tbl_18.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_6.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which deferred tax liabilities on allocated software</p></td><td id=\"v1-page48-tbl_18.tr_6.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">(1,728)</p></td></tr><tr id=\"v1-page48-tbl_18.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_7.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page48-tbl_18.tr_7.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,866)</p></td></tr><tr id=\"v1-page48-tbl_18.tr_8\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_8.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_8.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_9.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page48-tbl_18.tr_9.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">4,235</p></td></tr><tr id=\"v1-page48-tbl_18.tr_10\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_10.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_10.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_11.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page48-tbl_18.tr_11.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4,750</p></td></tr><tr id=\"v1-page48-tbl_18.tr_12\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_12.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_12.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_12.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_13.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page48-tbl_18.tr_13.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">515</p></td></tr><tr id=\"v1-page48-tbl_18.tr_14\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_14.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_14.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_15.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value allocated to goodwill</p></td><td id=\"v1-page48-tbl_18.tr_15.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">515</p></td></tr><tr id=\"v1-page48-tbl_18.tr_16\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_16.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_16.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_17.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page48-tbl_18.tr_17.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">936</p></td></tr><tr id=\"v1-page48-tbl_18.tr_18\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_18.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_18.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_19\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_19.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page48-tbl_18.tr_19.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">3,814</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page48-p_815\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_816\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of the Onda Group will be included in the \"<span id=\"v1-page48-p_816.r_1\" style=\"font-weight: bold;\">Insurance BPO</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li></ol><p id=\"v1-page48-p_817\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><p id=\"v1-page48-p_818\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">The costs linked to the acquisition of Onda S.r.l. are equal to euro 15 thousand and are recorded in the income statement among \"Service costs\".</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_819\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of Trebi Generalconsult S.r.l.</p></li></ol><p class=\"heading\" id=\"v1-page48-p_820\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On October 28, 2022, the Group acquired, through subsidiary Agenzia Italia S.p.A., 100% of the share capital of Trebi Generalconsult S.r.l. (\"<span id=\"v1-page48-p_820.r_17\" style=\"font-weight: bold;\">Trebi</span>\"), a leading company in the development and provision of software solutions for the financing sector, including in particular leasing, rental and the management of non-performing loans (the \"Acquisition\"). The agreed consideration for the purchase of 100% of the share capital of Trebi is equal to Euro 89,500 thousand, of which Euro 77,500 thousand paid at closing and Euro 12,000 thousand retained as escrow to guarantee any indemnity obligations arising from the sale and purchase agreement, with progressive release over a four-year period.</p><p class=\"heading\" id=\"v1-page48-p_821\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The initial allocation of the purchase price relative to the business combination has not been completed as of the date of approval of the annual report, as we have decided to take advantage of the option provided by paragraph 45 of IFRS 3 which allows the provisional allocation of the purchase cost. The reasons for this decision are linked to the fact that we are still acquiring the required information to define the fair value of the assets, the liabilities and the potential liabilities of the acquired entity, Such allocation will be completed as soon as we have sufficient information to define the fair value of the assets, the liabilities and the potential liabilities of the acquired entity and in any case within one year of the acquisition date.</p><p class=\"heading\" id=\"v1-page48-p_822\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Therefore, we have determined a provisional goodwill, as reported below, equal to Euro 80,120 thousand which has been allocated to Trebi, considered a CGU. The following table presents the book value of the assets and the liabilities of the purchased business at the acquisition date, and the calculation of provisional goodwill:</p><p id=\"v1-page48-p_823\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page48-tbl_19\" style=\"border-collapse: collapse;width: 5,75in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374pt;line-height: 0px;\"></td><td style=\"width: 41,9pt;line-height: 0px;\"></td></tr><tr id=\"v1-page48-tbl_19.tr_0\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_0.tc_0\" style=\"width: 374pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_0.tc_1\" style=\"width: 40pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_1.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page48-tbl_19.tr_1.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,497</p></td></tr><tr id=\"v1-page48-tbl_19.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_2.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page48-tbl_19.tr_2.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,145</p></td></tr><tr id=\"v1-page48-tbl_19.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_3.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page48-tbl_19.tr_3.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,254</p></td></tr><tr id=\"v1-page48-tbl_19.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_4.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page48-tbl_19.tr_4.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,142)</p></td></tr><tr id=\"v1-page48-tbl_19.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_5.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page48-tbl_19.tr_5.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,374)</p></td></tr><tr id=\"v1-page48-tbl_19.tr_6\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_6.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_6.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_6.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_7.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page48-tbl_19.tr_7.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,380</p></td></tr><tr id=\"v1-page48-tbl_19.tr_8\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_8.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_8.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_9.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page48-tbl_19.tr_9.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">89,500</p></td></tr><tr id=\"v1-page48-tbl_19.tr_10\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_10.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_10.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_11.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page48-tbl_19.tr_11.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">80,120</p></td></tr><tr id=\"v1-page48-tbl_19.tr_12\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_12.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_12.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_13.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value provisionally allocated to goodwill</p></td><td id=\"v1-page48-tbl_19.tr_13.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">80,120</p></td></tr><tr id=\"v1-page48-tbl_19.tr_14\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_14.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_14.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_14.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_15.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page48-tbl_19.tr_15.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,497</p></td></tr><tr id=\"v1-page48-tbl_19.tr_16\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_16.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_16.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_17.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page48-tbl_19.tr_17.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">82,003</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page48-p_824\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_825\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Trebi will be included in the \"<span id=\"v1-page48-p_825.r_3\" style=\"font-weight: bold;\">Leasing &amp; Rental BPO/IT</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li></ol><p id=\"v1-page48-p_826\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><p id=\"v1-page48-p_827\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">The costs linked to the acquisition of Trebi are equal to Euro 478 thousand and are recorded in the income statement among \"Service costs\".</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_828\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of Sovime S.r.l.</p></li></ol><p class=\"heading\" id=\"v1-page48-p_829\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On October 7, 2022, the Group acquired, through its subsidiary Europa Centro Servizi S.r.l., 100% of the share capital of Sovime S.r.l., a company active in the provision of services and information mainly in the hypocadastral field, for the benefit of banking institutions and operators active in debt management and credit collection, for a consideration equal to Euro 669 thousand. In addition, there is an earn-out linked to future economic performance, which at the acquisition date was estimated at Euro 1,163 thousand.</p><p class=\"heading\" id=\"v1-page48-p_830\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The initial allocation of the purchase price relative to the business combination has not been completed as of the date of approval of the annual report, as we have decided to take advantage of the option provided by paragraph 45 of IFRS 3 which allows the provisional allocation of the purchase cost. The reasons for this decision are linked to the fact that we are still acquiring the required information to define the fair value of the assets, the liabilities and the potential liabilities of the acquired entity. Such allocation will be completed as soon as we have sufficient information to define the fair value of the assets, the liabilities and the potential liabilities of the acquired entity and in any case within one year of the acquisition date.</p><p class=\"heading\" id=\"v1-page48-p_831\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Therefore, we have determined a provisional goodwill, as reported below, equal to Euro 737 thousand which has been allocated to Sovime S.r.l., considered a CGU. The following table presents the book value of the assets and the liabilities of the purchased business at the acquisition date, and the calculation of provisional goodwill:</p><p id=\"v1-page48-p_832\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page48-tbl_20\" style=\"border-collapse: collapse;width: 5,75in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374pt;line-height: 0px;\"></td><td style=\"width: 40pt;line-height: 0px;\"></td></tr><tr id=\"v1-page48-tbl_20.tr_0\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_0.tc_0\" style=\"width: 374pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_0.tc_1\" style=\"width: 40pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_1.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page48-tbl_20.tr_1.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">628</p></td></tr><tr id=\"v1-page48-tbl_20.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_2.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page48-tbl_20.tr_2.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">59</p></td></tr><tr id=\"v1-page48-tbl_20.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_3.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page48-tbl_20.tr_3.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">855</p></td></tr><tr id=\"v1-page48-tbl_20.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_4.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page48-tbl_20.tr_4.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(64)</p></td></tr><tr id=\"v1-page48-tbl_20.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_5.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page48-tbl_20.tr_5.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(383)</p></td></tr><tr id=\"v1-page48-tbl_20.tr_6\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_6.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_6.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_6.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_7.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page48-tbl_20.tr_7.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,095</p></td></tr><tr id=\"v1-page48-tbl_20.tr_8\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_8.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_8.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_9.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page48-tbl_20.tr_9.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,832</p></td></tr><tr id=\"v1-page48-tbl_20.tr_10\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_10.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_10.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_11.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page48-tbl_20.tr_11.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">737</p></td></tr><tr id=\"v1-page48-tbl_20.tr_12\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_12.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_12.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_13.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value provisionally allocated to goodwill</p></td><td id=\"v1-page48-tbl_20.tr_13.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">737</p></td></tr><tr id=\"v1-page48-tbl_20.tr_14\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_14.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_14.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_14.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_15.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page48-tbl_20.tr_15.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">628</p></td></tr><tr id=\"v1-page48-tbl_20.tr_16\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_16.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_16.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_17.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page48-tbl_20.tr_17.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,204</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page48-p_833\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 11pt;\"><p id=\"v1-page48-p_834\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Sovime S.r.l. will be included in the \"<span id=\"v1-page48-p_834.r_4\" style=\"font-weight: bold;\">Real Estate Service BPO</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_835\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">NON-CURRENT ASSETS</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_836\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page49-p_837\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 12pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation and the variation of the item as of and for the year ended December 31, 2022 and 2021:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page49-tbl_21\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 207,1pt;line-height: 0px;\"></td><td style=\"width: 57,45pt;line-height: 0px;\"></td><td style=\"width: 63,25pt;line-height: 0px;\"></td><td style=\"width: 46,9pt;line-height: 0px;\"></td><td style=\"width: 51,65pt;line-height: 0px;\"></td><td style=\"width: 42,2pt;line-height: 0px;\"></td></tr><tr id=\"v1-page49-tbl_21.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page49-tbl_21.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page49-tbl_21.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Proprietary software\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Trademarks, licenses and<br/>other rights\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Goodwill\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Other intangible assets\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Total\u00a0</p></td></tr><tr id=\"v1-page49-tbl_21.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net value as of December 31, 2020 (restated)</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">44,689</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,096</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">154,450</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">48</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">209,283</p></td></tr><tr id=\"v1-page49-tbl_21.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Increases</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,108</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">347</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,459</p></td></tr><tr id=\"v1-page49-tbl_21.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other movements</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4,587</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">439</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">746</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">20</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,792</p></td></tr><tr id=\"v1-page49-tbl_21.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization expense/write downs</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(13,995)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(935)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,801)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(47)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(17,778)</p></td></tr><tr id=\"v1-page49-tbl_21.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net value as of December 31, 2021</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">40,389</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,947</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">152,395</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">25</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">202,756</p></td></tr><tr id=\"v1-page49-tbl_21.tr_6\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Increases</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,513</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">538</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">23</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8,074</p></td></tr><tr id=\"v1-page49-tbl_21.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other movements</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,178</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">66</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">88,654</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8,538</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">104,436</p></td></tr><tr id=\"v1-page49-tbl_21.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization expense</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(13,023)</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,957)</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(770)</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(15,750)</p></td></tr><tr id=\"v1-page49-tbl_21.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net value as of December 31, 2022</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">42,057</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,594</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">241,049</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">7,816</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">299,516</p></td></tr></table><p id=\"v1-page49-p_838\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 12pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page49-p_839\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Proprietary software\" includes the higher value of the software recognized following the consolidation of the Lercari Group (Euro 14,460 thousand), the higher value of the software recognized following the consolidation of SOS Tariffe (Euro 8,842 thousand) and the higher value of the software recognized following the consolidation of Zoorate (Euro 3,135 thousand), the higher value of the software recognized following the consolidation of the Onda Group (Euro 5,470 thousand), the higher value of the software recognized following the consolidation of Luna Service (Euro 788 thousand), and the development costs mainly refer to the personnel costs capitalized for the creation and development of the proprietary software platforms used by Group companies to perform their activities, The increases in the financial year ended December 31, 2022, are related to purchases and capitalizations for Euro 7,513 thousand, and to the recognition of the higher value of the software following the consolidation of Onda Group and Luna Service.</p><p class=\"heading\" id=\"v1-page49-p_840\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Trademarks, licenses and other rights\" includes the higher value of the trademark recognized following the consolidation of the Lercari Group (Euro 4,000 thousand), the higher value of the trademark recognized following the consolidation of SOS Tariffe (Euro 2,396 thousand) and the value of the licenses for the utilization of third-party software. The increases in the financial year ended December 31, 2022 mainly refer to software licenses purchased during the financial year for Euro 347 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_841\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Goodwill\" includes the goodwill emerged from the allocation of the purchase prices of the investments acquired. The increase of the year equal to Euro 88,654 thousand refers to the recognition of the goodwill allocated following the acquisition of Trebi Generalconsult S.r.l. (Pprovisional allocation of Euro 80,120 thousand), Europa Centro Servizi S.r.l. (Euro 5,677 thousand), Gema Motor S.r.l. (Euro 1,429 thousand), Sovime S.r.l. (Euro 737 thousand), the Onda Group (Euro 515 thousand), and Luna Service S.r.l. (Euro 176 thousand).\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_842\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other intangible assets\" mainly includes the customer equity value allocated following the consolidation of Europa Centro Servizi S.r.l. in 2022 (and amortized over a 10-year time horizon) for an amount of Euro 7,816 thousand as of December 31, 2022.</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_843\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Recoverability of intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page50-p_844\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the detailed goodwill reported as of December 31, 2022 and subject to impairment test, which differs if compared to the previous year due to the recognition of the goodwill arising from the acquisition of Europa Centro Servizi S.r.l., the Onda Group, Gema Motor S.r.l., Luna Service S.r.l., Sovime S.r.l. and of Trebi Generalconsult S.r.l.:</p><p id=\"v1-page50-p_845\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_22\" style=\"border-collapse: collapse;width: 5,125in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 142pt;line-height: 0px;\"></td><td style=\"width: 103pt;line-height: 0px;\"></td><td style=\"width: 124pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_22.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_22.tr_0.tc_0\" style=\"width: 142pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page50-tbl_22.tr_0.tc_1\" style=\"width: 103pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_0.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_22.tr_1.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trebi Generalconsult S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_1.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a080,120\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_1.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_2.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Agenzia Italia S.p.A.</p></td><td id=\"v1-page50-tbl_22.tr_2.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a045,288\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_2.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a045,288\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_3.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo Lercari</p></td><td id=\"v1-page50-tbl_22.tr_3.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044,240\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_3.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044,240\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_4.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">7Pixel S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_4.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033,374\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_4.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033,374\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_5.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SOS Tariffe S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_5.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,147\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_5.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,147\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_6.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle&amp;Wise Service S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_6.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,292\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_6.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,292\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_7.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Quinservizi S.p.A.</p></td><td id=\"v1-page50-tbl_22.tr_7.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,583\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_7.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,583\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_8.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Europa Centro Servizi S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_8.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,677\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_8.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_9.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gema Motor S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_9.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,429\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_9.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_10.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Sovime S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_10.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0737\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_10.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_11.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Zoorate S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_11.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0746\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_11.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0746\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_12.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CESAM S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_12.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0595\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_12.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0595\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_13.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Onda S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_13.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0515\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_13.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_14.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Luna Service S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_14.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0176\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_14.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_15.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">EuroServizi per i Notai S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_15.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_15.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_16.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Totale goodwill</p></td><td id=\"v1-page50-tbl_22.tr_16.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0241,049\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_16.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0152,395\u00a0</p></td></tr></table><p id=\"v1-page50-p_846\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page50-p_847\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Each goodwill recorded in the financial statements as of December 31, 2022 and indicated above belongs to a specific CGU.</p><p class=\"heading\" id=\"v1-page50-p_848\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regards the determination of the recoverable amount of the CGUs, based on the value-in-use method, the cash flows generated by the CGUs themselves have been estimated. Forecasts of operating cash flows derive from the related business plans of four years' duration, approved by the Board of Directors of the Issuer held on March 15, 2023.</p><p class=\"heading\" id=\"v1-page50-p_849\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main assumptions regarding the value-in-use of the CGUs are the operating cash flows during the four-year forecast period, the discount rate and the growth rate used to determine the terminal value, equal to 2.0%.</p><p class=\"heading\" id=\"v1-page50-p_850\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The composition of future cash flows has been determined based on reasonable, prudent and consistent criteria regarding the attribution of future general expenditures, capital investment, financial balance and the main macroeconomic variables. Finally, it is worth pointing out that cash flow forecasts refer to ordinary activities and, therefore, they are not comprehensive of cash flows deriving from possible extraordinary activities.</p><p class=\"heading\" id=\"v1-page50-p_851\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The terminal value has been estimated with the discounted cash flow formula for perpetuities.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_852\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The value-in-use of the CGUs has been determined by discounting the value of the estimated future cash flows, including the terminal value, which are supposed to be derived from ongoing activities, at a discount rate, net of taxes, adjusted for risk and reflecting the weighted average cost of capital.</p><p class=\"heading\" id=\"v1-page50-p_853\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, the discount rate used is calculated starting from the Weighted Average Cost of Capital (\"<span id=\"v1-page50-p_853.r_4\" style=\"font-weight: bold;\">WACC</span>\") of the two Divisions of the Group, for the determination of which, reference was made to indicators and parameters observable on the reference market of the CGUs in question, at the current value of money. In particular, the determination of the WACC refers to the following parameters:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_854\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Risk free rate: 2.65%, equal to the yield on 10-year Bunds at the beginning of March 2023;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_855\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Market equity risk premium: 9.73%, source: Damodaran, Italy, January 2023; such value already includes the risk about Italian public debt;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_856\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Beta unlevered (different for the two Divisions): 1.05 for the Broking Division and 0.95 for the BPO Division using as a source 3-year unlevered betas provided by Infrontanalytics.com, for a set of comparable operators, as of the beginning of March 2023;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_857\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Target financial structure: D/E ratio of 0.25.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page50-p_858\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Based on the above, the discount rate is 10.82% for the Broking Division and 10.03% for the BPO Division.</p><p class=\"heading\" id=\"v1-page50-p_859\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2021, the in-use values of the CGUs evaluated, determined as described above, are higher if compared to the carrying amounts of the assets allocated to them, goodwill included. \u00a0\u00a0</p><p class=\"heading\" id=\"v1-page50-p_860\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Keeping into consideration the actual situation of volatility of the markets and of uncertainty upon future economic perspectives, we developed a sensitivity analyses on the recoverable value of goodwill.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_861\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, we developed a sensitivity analysis on the recoverable amount of the CGUs, assuming an increase of the discount rate, a decrease on the perpetual growth rate.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_862\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The sensitivity analysis, pursuant to paragraph 134 of IAS 36, of the results of impairment test for the CGUs for which we that did not notice any impairment shows the following margins of tolerance:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_863\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Discount rate: the value in-use of the CGUs remains higher compared to the book value of the CGUs also forecasting an increase of discount rate as follows:\u00a0</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_864\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 12.37% for the Agenzia Italia CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_865\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 24.42% for the 7Pixel CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_866\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 26.31% for the Eagle &amp; Wise CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_867\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 17.03% for the Europa CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_868\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until over 100% for the Quinservizi CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_869\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 10.66% for the Gruppo Lercari CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_870\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 10.53% for the Trebi Generalconsult CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_871\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 12.12% for the SOS Tariffe CGU.</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_872\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">growth rate \"g\": the value in-use of the CGUs remains higher compared to the book value of the CGUs also forecasting a drop of the implicit growth rate (\"g rate\") as follows:</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_873\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -1.14% for the Agenzia Italia CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_874\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -30-26% for the 7Pixel CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_875\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -38.09% for the Eagle &amp; Wise CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_876\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -9.13% for the Europa CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_877\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" over -100.00% for the Quinservizi CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_878\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 1.19% for the Gruppo Lercari CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_879\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 1.00% for the Trebi Generalconsult CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_880\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 0.27% for the SOS Tariffe CGU.</p></li></ul><p class=\"heading\" id=\"v1-page50-p_881\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Based on the analyses performed, the Directors of the Issuer considered recoverable the book value of the goodwill recorded in the consolidated financial statements as of December 31, 2022.</p><p class=\"heading\" id=\"v1-page50-p_882\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Regarding the Gruppo Lercari CGU, the sensitivity analysis showed that the value in use of the CGU remains higher than the book value, with an increase of the discount rate up to 10.66% or, keeping the WACC unchanged, with a decrease of \"g rate\" up to 1.19%. In light of this, the Directors of the Issuer consider recoverable the book value of the goodwill of the CGU recorded in the consolidated financial statements as at 31 December 2022, but, since the conditions to confirm this assessment would not be met in the event of a significant change in the parameters used or in the economic conditions underlying the analysis carried out, they will constantly monitor the CGU during the financial year ended December 31, 2023, performing further assessments and, if necessary, write down the CGU if its value in use is lower than its book value.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_883\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Property, plant and equipment</p></li></ol><p class=\"heading\" id=\"v1-page50-p_884\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation and the variation of the item as of and for the year ended December 31, 2022 and 2021:</p><p id=\"v1-page50-p_885\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_23\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 222,1pt;line-height: 0px;\"></td><td style=\"width: 57,45pt;line-height: 0px;\"></td><td style=\"width: 62,05pt;line-height: 0px;\"></td><td style=\"width: 86,3pt;line-height: 0px;\"></td><td style=\"width: 40,65pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_23.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page50-tbl_23.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Land and<br/>buildings\u00a0</p></td><td id=\"v1-page50-tbl_23.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Plant and<br/>machinery\u00a0</p></td><td id=\"v1-page50-tbl_23.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Other tangible assets\u00a0</p></td><td id=\"v1-page50-tbl_23.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Total\u00a0</p></td></tr><tr id=\"v1-page50-tbl_23.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Cost as of January 1, 2021</p></td><td id=\"v1-page50-tbl_23.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">28,046</p></td><td id=\"v1-page50-tbl_23.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">15,106</p></td><td id=\"v1-page50-tbl_23.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,290</p></td><td id=\"v1-page50-tbl_23.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">51,442</p></td></tr><tr id=\"v1-page50-tbl_23.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">IFRS 16 - Additions of the period</p></td><td id=\"v1-page50-tbl_23.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">114</p></td><td id=\"v1-page50-tbl_23.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">608</p></td><td id=\"v1-page50-tbl_23.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">722</p></td></tr><tr id=\"v1-page50-tbl_23.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Additions</p></td><td id=\"v1-page50-tbl_23.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">146</p></td><td id=\"v1-page50-tbl_23.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">978</p></td><td id=\"v1-page50-tbl_23.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">713</p></td><td id=\"v1-page50-tbl_23.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,837</p></td></tr><tr id=\"v1-page50-tbl_23.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page50-tbl_23.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">123</p></td><td id=\"v1-page50-tbl_23.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">123</p></td></tr><tr id=\"v1-page50-tbl_23.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Cost as of December 31, 2021</p></td><td id=\"v1-page50-tbl_23.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">28,306</p></td><td id=\"v1-page50-tbl_23.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">16,084</p></td><td id=\"v1-page50-tbl_23.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,734</p></td><td id=\"v1-page50-tbl_23.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54,124</p></td></tr><tr id=\"v1-page50-tbl_23.tr_6\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Accumulated depreciation as of January 1, 2021</p></td><td id=\"v1-page50-tbl_23.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">7,419</p></td><td id=\"v1-page50-tbl_23.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,410</p></td><td id=\"v1-page50-tbl_23.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">5,773</p></td><td id=\"v1-page50-tbl_23.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">23,601</p></td></tr><tr id=\"v1-page50-tbl_23.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Depreciation expense</p></td><td id=\"v1-page50-tbl_23.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,291</p></td><td id=\"v1-page50-tbl_23.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,460</p></td><td id=\"v1-page50-tbl_23.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,060</p></td><td id=\"v1-page50-tbl_23.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,811</p></td></tr><tr id=\"v1-page50-tbl_23.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">of which IFRS 16 effect</p></td><td id=\"v1-page50-tbl_23.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">2,969</p></td><td id=\"v1-page50-tbl_23.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">236</p></td><td id=\"v1-page50-tbl_23.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">3,205</p></td></tr><tr id=\"v1-page50-tbl_23.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page50-tbl_23.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">43</p></td><td id=\"v1-page50-tbl_23.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">43</p></td></tr><tr id=\"v1-page50-tbl_23.tr_10\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Accumulated depreciation as of December 31, 2021</p></td><td id=\"v1-page50-tbl_23.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,710</p></td><td id=\"v1-page50-tbl_23.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">11,870</p></td><td id=\"v1-page50-tbl_23.tr_10.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">6,876</p></td><td id=\"v1-page50-tbl_23.tr_10.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">29,455</p></td></tr><tr id=\"v1-page50-tbl_23.tr_11\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net book value as of December 31, 2021</p></td><td id=\"v1-page50-tbl_23.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">17,596</p></td><td id=\"v1-page50-tbl_23.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">4,214</p></td><td id=\"v1-page50-tbl_23.tr_11.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">2,858</p></td><td id=\"v1-page50-tbl_23.tr_11.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">24,669</p></td></tr><tr id=\"v1-page50-tbl_23.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Cost as of January 1, 2022</p></td><td id=\"v1-page50-tbl_23.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">28,306</p></td><td id=\"v1-page50-tbl_23.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">16,084</p></td><td id=\"v1-page50-tbl_23.tr_12.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,734</p></td><td id=\"v1-page50-tbl_23.tr_12.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54,124</p></td></tr><tr id=\"v1-page50-tbl_23.tr_13\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_13.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">IFRS 16 - Additions of the period</p></td><td id=\"v1-page50-tbl_23.tr_13.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4,153</p></td><td id=\"v1-page50-tbl_23.tr_13.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_13.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">717</p></td><td id=\"v1-page50-tbl_23.tr_13.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4,870</p></td></tr><tr id=\"v1-page50-tbl_23.tr_14\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_14.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Additions</p></td><td id=\"v1-page50-tbl_23.tr_14.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">503</p></td><td id=\"v1-page50-tbl_23.tr_14.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,883</p></td><td id=\"v1-page50-tbl_23.tr_14.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">812</p></td><td id=\"v1-page50-tbl_23.tr_14.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,198</p></td></tr><tr id=\"v1-page50-tbl_23.tr_15\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_15.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page50-tbl_23.tr_15.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_15.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2</p></td><td id=\"v1-page50-tbl_23.tr_15.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">300</p></td><td id=\"v1-page50-tbl_23.tr_15.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">302</p></td></tr><tr id=\"v1-page50-tbl_23.tr_16\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_16.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Cost as of December 31, 2022</p></td><td id=\"v1-page50-tbl_23.tr_16.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">32,962</p></td><td id=\"v1-page50-tbl_23.tr_16.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">17,969</p></td><td id=\"v1-page50-tbl_23.tr_16.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">11,563</p></td><td id=\"v1-page50-tbl_23.tr_16.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">62,494</p></td></tr><tr id=\"v1-page50-tbl_23.tr_17\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_17.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Accumulated depreciation as of January 1, 2022</p></td><td id=\"v1-page50-tbl_23.tr_17.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,710</p></td><td id=\"v1-page50-tbl_23.tr_17.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">11,870</p></td><td id=\"v1-page50-tbl_23.tr_17.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">6,876</p></td><td id=\"v1-page50-tbl_23.tr_17.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">29,455</p></td></tr><tr id=\"v1-page50-tbl_23.tr_18\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_18.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Depreciation expense</p></td><td id=\"v1-page50-tbl_23.tr_18.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,520</p></td><td id=\"v1-page50-tbl_23.tr_18.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_18.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,613</p></td><td id=\"v1-page50-tbl_23.tr_18.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_18.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,143</p></td><td id=\"v1-page50-tbl_23.tr_18.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_18.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6,276</p></td></tr><tr id=\"v1-page50-tbl_23.tr_19\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_19.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">of which IFRS 16 effect</p></td><td id=\"v1-page50-tbl_23.tr_19.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">3,112</p></td><td id=\"v1-page50-tbl_23.tr_19.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_19.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_19.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_19.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">360</p></td><td id=\"v1-page50-tbl_23.tr_19.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_19.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">3,472</p></td></tr><tr id=\"v1-page50-tbl_23.tr_20\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_20.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_20.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page50-tbl_23.tr_20.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_20.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_20.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_20.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_20.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_20.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_20.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_20.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_23.tr_21\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_21.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_21.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Accumulated depreciation as of December 31, 2022</p></td><td id=\"v1-page50-tbl_23.tr_21.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_21.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">14,230</p></td><td id=\"v1-page50-tbl_23.tr_21.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_21.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">13,483</p></td><td id=\"v1-page50-tbl_23.tr_21.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_21.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,019</p></td><td id=\"v1-page50-tbl_23.tr_21.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_21.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">35,731</p></td></tr><tr id=\"v1-page50-tbl_23.tr_22\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_22.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_22.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net book value as of December 31, 2022</p></td><td id=\"v1-page50-tbl_23.tr_22.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_22.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">18,732</p></td><td id=\"v1-page50-tbl_23.tr_22.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_22.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">4,486</p></td><td id=\"v1-page50-tbl_23.tr_22.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_22.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">3,544</p></td><td id=\"v1-page50-tbl_23.tr_22.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_22.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">26,763</p></td></tr></table><p id=\"v1-page50-p_886\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page50-p_887\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2022, the net value of property, plant and equipment is equal to Euro 26,763 thousand (Euro 24,669 thousand as of December 31, 2021). During the financial year ended December 31, 2022 we record increases for a total amount of Euro 8,370 thousand, of which Euro 4,870 thousand related to the adoption of IFRS 16 (for which please refer to the table below), Euro 1,883 thousand refer to the purchase of plant and machinery, mainly related to production hardware, Euro 717 thousand refer to the purchase of other tangible assets, mainly related to office equipment and furniture.</p><p class=\"heading\" id=\"v1-page50-p_888\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The other movements include the property, plant and equipment acquired with the corporate acquisitions of the period.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_889\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The net book value of \"Land and buildings\" as of December 31, 2022 mainly refers to the operating office of 7Pixel S.r.l., in Giussago (Province of Pavia) for Euro 5,544 thousand (of which Euro 892 thousand related to the land), to the building and land located in Cagliari, respectively equal to Euro 1,908 thousand and Euro 372 thousand, to the building located in Monastir (Province of Cagliari) for Euro 1,208 thousand, and to the right of use deriving from the adoption of IFRS 16 standard for Euro 8,549 thousand, in relation to the rental contracts for operating offices not owned by the Group.</p><p class=\"heading\" id=\"v1-page50-p_890\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Plant and machinery\" includes investments in generic electronic office equipment, in the different operating offices of the Group, and for production hardware.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_891\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other tangible assets\" includes investments in furniture and fittings, specific equipment and vehicles. Increases for the period included purchases for Euro 756 thousand, mainly related to office machinery and furniture, and other movements for Euro 300 thousand, related to fixed assets of newly acquired companies.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_892\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Changes in the values of the rights of use and the leasing liabilities during the financial year ended December 31, 2022 is shown below:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page50-p_893\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_24\" style=\"border-collapse: collapse;width: 6,25in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 125pt;line-height: 0px;\"></td><td style=\"width: 51,65pt;line-height: 0px;\"></td><td style=\"width: 64pt;line-height: 0px;\"></td><td style=\"width: 119pt;line-height: 0px;\"></td><td style=\"width: 93pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_24.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_24.tr_0.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_24.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Buildings</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Vehicles</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Total property, plant and equipment</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Lease liabilities</p></td></tr><tr id=\"v1-page50-tbl_24.tr_1\" style=\"height: 15pt;\"><td id=\"v1-page50-tbl_24.tr_1.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">As of January 1, 2022</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">7,508</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">860</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,368</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,054</p></td></tr><tr id=\"v1-page50-tbl_24.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_24.tr_2.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Increases / (decreases)</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a04,153\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0717\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,870\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,617\u00a0</p></td></tr><tr id=\"v1-page50-tbl_24.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_24.tr_3.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0(3,112)</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(360)</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,472)</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td></tr><tr id=\"v1-page50-tbl_24.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_24.tr_4.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Financial expenses</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(143)</p></td></tr><tr id=\"v1-page50-tbl_24.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_24.tr_5.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">As of June 30, 2022</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,549</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,217</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,766</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,528</p></td></tr></table><p class=\"heading\" id=\"v1-page50-p_894\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main increases refer to the right of use assets attributable to the companies acquired during 2022, and in particular refer to the building rental agreements subscribed by them, of vehicles, as a result of the higher agreements signed during 2021.\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_895\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Participations measured with the equity method</p></li></ol><p class=\"heading\" id=\"v1-page50-p_896\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item includes the participation in the subsidiaries Fin.it S.r.l., CFN Generale Fiduciaria S.p.A., Generale Servizi Amministrativi S.r.l., CFN Generale Trustee S.r.l. and Geckoway S.r.l..</p><p class=\"heading\" id=\"v1-page50-p_897\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table shows the changes in this item for financial year ended December 31, 2022:</p><p id=\"v1-page50-p_898\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_25\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,5pt;line-height: 0px;\"></td><td style=\"width: 80,15pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 42,75pt;line-height: 0px;\"></td><td style=\"width: 77,4pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_25.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page50-tbl_25.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_25.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(Euro thousand)</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Net income of the year attributable to the Group\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of June 30, 2022\u00a0</p></td></tr><tr id=\"v1-page50-tbl_25.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Geckoway S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(16)</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">45</p></td></tr><tr id=\"v1-page50-tbl_25.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CFN Generale Fiduciaria S.p.A.</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0518\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">11</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">111</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">640</p></td></tr><tr id=\"v1-page50-tbl_25.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CFN Generale Trustee S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page50-tbl_25.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Servizi Amministrativi S.r.l.\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0427\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(175)</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(5)</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">247</p></td></tr><tr id=\"v1-page50-tbl_25.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">LC Servizi S.r.l. in liquidazione</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a039\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(39)</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_25.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SircusGandino S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">49</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(62)</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_25.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,058\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(170)</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0942\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_899\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page50-p_900\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Participations measured with the equity method\" shows a decrease equal to Euro 1,116 thousand.</p><p class=\"heading\" id=\"v1-page50-p_901\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The other movements include the increase of the value of the participation in CFN Generale Fiduciaria S.p.A. for Euro 111 thousand, due to the purchase by the Issuer of a further 9.48% stake of share capital, passing to 49.48% (and subsequently decreased to 35% as a result of a share capital increase subscribed by the majority shareholder), the decrease of the value of the participation in Generale Servizi Amministrativi S.r.l. for Euro 5 thousand, due to the disposal by the Issuer of a 5% staek of the share capital, the disposal of the participation in SircusGandino S.r.l., and the subscription of a 25% of the share capital of CFN Generale Trustee S.r.l. for Euro 10 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page51-p_902\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Financial assets at fair value</p></li></ol><p class=\"heading\" id=\"v1-page51-p_903\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the variation of the item as of and for the financial year ended December 31, 2022:</p><p id=\"v1-page51-p_904\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page51-tbl_26\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 127,95pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td><td style=\"width: 68,6pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td></tr><tr id=\"v1-page51-tbl_26.tr_0\" style=\"height: 45pt;\"><td id=\"v1-page51-tbl_26.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Purchases/<br/>Increases\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Revaluations/<br/>(Depreciations)\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Reimbursements/<br/>Sales\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Moneysupermarket.com Group PLC shares</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a038,559.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a063,368.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(6,479.00)</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a095,448.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Igloo notes</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0341.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,396.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,737.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other securities</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,510.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,243.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,753.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Mark to market interest rate hedging instruments</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,702.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,702.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Financial assets at fair value</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040,410\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a067,764\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,243\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,777)</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0106,640\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page51-p_905\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial assets at fair value show a balance equal to Euro 106,640 thousand as of December 31, 2022 (Euro 40,410 thousand as of December 31, 2021), and include n. 44,000,000 Moneysupermarket.com Group PLC ordinary shares (equal to 8.21% of the share capital) for an amount equal to Euro 95,448 thousand. \u00a0The \"Revaluations/(Depreciations)\" item refers to the lower market value of the shares compared to the purchase price, for Euro 6,479 thousand. We point out that at the approval date of this report, the value of such shares is equal to Euro 116,401 thousand. Such financial assets are evaluated at fair value through OCI.\u00a0</p><p class=\"heading\" id=\"v1-page51-p_906\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item also includes notes related to the \"Igloo\" securitization promoted by subsidiary Centro Finanziamenti S.p.A. for Euro 4,737 thousand (of which Euro 4,396 thousand subscribed during 2022), and other secutiries and insurance savings products held by the Lercari Group, Onda S.r.l. and Trebi Generalconsult S.r.l. for Euro 2,753 thousand (of which Euro 1,243 thousand attributable to the new acquired subsidiaries Trebi Generalconsult S.r.l. e Onda S.r.l.).</p><p class=\"heading\" id=\"v1-page51-p_907\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Mark to market interest rate hedging instruments\" refers to the positive value, equal to Euro 3,702 thousand, of interest rate hedging derivatives on loans with Unicredit S.p.A., Intesa SanPaolo S.p.A. and Banco BPM S.p.A..</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page51-p_908\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Deferred tax assets and liabilities</p></li></ol><p class=\"heading\" id=\"v1-page51-p_909\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following tables present the situation and the variation of the item as of and for the financial year ended December 31, 2022 and 2022:</p><p class=\"heading\" id=\"v1-page51-p_910\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2021</p><p id=\"v1-page51-p_911\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page51-tbl_27\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 72,4pt;line-height: 0px;\"></td><td style=\"width: 51,05pt;line-height: 0px;\"></td><td style=\"width: 48,1pt;line-height: 0px;\"></td><td style=\"width: 69,05pt;line-height: 0px;\"></td><td style=\"width: 59,95pt;line-height: 0px;\"></td><td style=\"width: 62,3pt;line-height: 0px;\"></td><td style=\"width: 52,95pt;line-height: 0px;\"></td><td style=\"width: 52,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page51-tbl_27.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page51-tbl_27.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_27.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">As of January 1, 2021</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Accrual</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Other movements</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Utilization</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">As of December 31, 2021</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_6\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiring within 1 year</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_7\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiring after 1 year</p></td></tr><tr id=\"v1-page51-tbl_27.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Deferred tax assets</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Costs with different tax deductibility</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,603\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0576\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(456)</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,723\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,723\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_3\" style=\"height: 28pt;\"><td id=\"v1-page51-tbl_27.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences between the tax bases of assets and their carrying amounts</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a097,298\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0142\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(38,729)</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a058,711\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,930\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a049,781\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Defined benefit program liability</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0535\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a036\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(42)</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0529\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0529\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Tax loss carry forwards</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0315\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(223)</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a092\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a092\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_6\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total deferred tax assets</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a099,751\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0754\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(39,450)</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061,055\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,653\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,402\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Deferred tax liabilities</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_8\" style=\"height: 28pt;\"><td id=\"v1-page51-tbl_27.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences between the tax bases of assets and their carrying amounts</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(13,563)</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(9)</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,588\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(10,984)</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,402)</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(8,582)</p></td></tr><tr id=\"v1-page51-tbl_27.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Dividends deliberated not yet paid</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(60)</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(97)</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a060\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(97)</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(97)</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_10\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(63)</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(28)</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a068\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(23)</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(23)</p></td></tr><tr id=\"v1-page51-tbl_27.tr_11\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total deferred tax liabilities</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(13,686)</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(134)</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,716\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,104)</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,499)</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(8,605)</p></td></tr><tr id=\"v1-page51-tbl_27.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a086,065\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0620\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(36,734)</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a049,951\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,154\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041,797\u00a0</p></td></tr></table><p id=\"v1-page51-p_912\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page51-p_913\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2022</p><p id=\"v1-page51-p_914\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page51-tbl_28\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 72,4pt;line-height: 0px;\"></td><td style=\"width: 51,05pt;line-height: 0px;\"></td><td style=\"width: 48,1pt;line-height: 0px;\"></td><td style=\"width: 69,05pt;line-height: 0px;\"></td><td style=\"width: 59,95pt;line-height: 0px;\"></td><td style=\"width: 62,3pt;line-height: 0px;\"></td><td style=\"width: 52,95pt;line-height: 0px;\"></td><td style=\"width: 52,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page51-tbl_28.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page51-tbl_28.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_28.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">As of January 1, 2022</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Accrual</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Other movements</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Utilization</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">As of December 31, 2022</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_6\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiring within 1 year</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_7\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiring after 1 year</p></td></tr><tr id=\"v1-page51-tbl_28.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Deferred tax assets</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Costs with different tax deductibility</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,723\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0261\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(668)</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,329\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,329\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_3\" style=\"height: 28pt;\"><td id=\"v1-page51-tbl_28.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences between the tax bases of assets and their carrying amounts</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a058,711\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(9,219)</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a049,494\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,135\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040,359\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Defined benefit program liability</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0529\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0121\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(834)</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(184)</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(184)</p></td></tr><tr id=\"v1-page51-tbl_28.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Tax loss carry forwards</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a092\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0944\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3)</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,033\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,033\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_6\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total deferred tax assets</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061,055\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,328\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(10,724)</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a051,672\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,464\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041,208\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Deferred tax liabilities</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_8\" style=\"height: 28pt;\"><td id=\"v1-page51-tbl_28.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences between the tax bases of assets and their carrying amounts</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(10,984)</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,382)</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,814\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(12,552)</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,031)</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(9,521)</p></td></tr><tr id=\"v1-page51-tbl_28.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Dividends deliberated not yet paid</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(97)</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(383)</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(471)</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(471)</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_10\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(23)</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(889)</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a019\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(893)</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(893)</p></td></tr><tr id=\"v1-page51-tbl_28.tr_11\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total deferred tax liabilities</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,104)</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(5,654)</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,842\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(13,916)</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,502)</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(10,414)</p></td></tr><tr id=\"v1-page51-tbl_28.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a049,951\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,326)</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(7,882)</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a037,756\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,962\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,794\u00a0</p></td></tr></table><p id=\"v1-page51-p_915\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><br/></p><p id=\"v1-page51-p_916\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Among deferred tax assets referring to differences between the tax bases of assets and their carrying amounts there is, as of December 31, 2022, the amount of Euro 47,710 thousand, related to the revaluation of software, trademarks and real estate properties owned by some entities of the Group, among the measures introduced by the Art. 110 of the Law Decree n. 104/2020, converted in the Law n. 126/2020, enacting \"Urgent measures to support and relaunch the economy\". During the financial year ended December 31, 2022, we booked the use in the period of deferred tax assets relating to the higher value of assets revalued in 2020, for Euro 6,583 thousand.</p><p id=\"v1-page51-p_917\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item also includes deferred tax assets for Euro 893 thousand, deriving from the tax release, performed in the financial year ended December 31, 2012, of the consolidation differences emerged after the purchase of the participations in Key Service S.r.l. by Quinservizi S.p.A., and in Quinservizi S.p.A. itself by Centro Perizie S.r.l. (now Eagle &amp; Wise Service S.r.l.). The amount used during 2022 amounts to Euro 127 thousand.</p><p id=\"v1-page52-p_918\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Among deferred tax assets referring costs with different tax deductibility, there is the tax credit, equal to Euro 420 thousand, deriving from the accruals recorded over the years among the provisions for risks and charges.\u00a0</p><p class=\"heading\" id=\"v1-page52-p_919\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Among deferred tax liabilities referring to differences between the tax bases of assets and their carrying amounts, as of December 31, 2022, there is the amount related to the tax effect of the higher values recognized to the assets of SOS Tariffe S.r.l., the Lercari Group, and since 2022 of the Onda Group, Luna Service S.r.l. and Europa Centro Servizi S.r.l. (the latter acquired during 2022) for a total amount equal to Euro 12,212 thousand. With reference to such provisions, the increases of the period, attributable to the corporate acquisitions of the period, amount to Euro 4,382 thousand, while the utilizations amount to Euro 2,846 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page52-p_920\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other non-current assets</p></li></ol><p id=\"v1-page52-p_921\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page52-p_922\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page52-tbl_29\" style=\"border-collapse: collapse;width: 7,278in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 244pt;line-height: 0px;\"></td><td style=\"width: 140pt;line-height: 0px;\"></td><td style=\"width: 140pt;line-height: 0px;\"></td></tr><tr id=\"v1-page52-tbl_29.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page52-tbl_29.tr_0.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page52-tbl_29.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page52-tbl_29.tr_0.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_0.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page52-tbl_29.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page52-tbl_29.tr_1.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page52-tbl_29.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Loan to joint venture Prestipro S.r.l.</p></td><td id=\"v1-page52-tbl_29.tr_1.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0263\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_1.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td></tr><tr id=\"v1-page52-tbl_29.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page52-tbl_29.tr_2.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page52-tbl_29.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Security deposits on lease contracts\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_2.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0183\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_2.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0218\u00a0</p></td></tr><tr id=\"v1-page52-tbl_29.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page52-tbl_29.tr_3.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page52-tbl_29.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other security deposits</p></td><td id=\"v1-page52-tbl_29.tr_3.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_3.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0350\u00a0</p></td></tr><tr id=\"v1-page52-tbl_29.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page52-tbl_29.tr_4.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Other non current assets</p></td><td id=\"v1-page52-tbl_29.tr_4.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0446\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_4.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0698\u00a0</p></td></tr></table><p id=\"v1-page52-p_923\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item as of December 31, 2022, equal to Euro 446 thousand, includes a non-interest bearing loan granted, in 2022. to the associated company CFN Generale Trustee S.r.l. for Euro 263 thousand, and security deposits related to lease contracts for Euro 183 thousand.</p><p id=\"v1-page52-p_924\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">We point out that the item, as of December 31, 2022, included a security deposit in favor of a supplier of the BPO Division to guarantee the payment of professional services in the mortgage area, and a loan granted to the joint venture Prestipro S.r.l. for Euro 130 thousand.</p><p class=\"heading\" id=\"v1-page52-p_925\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">CURRENT ASSETS</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page52-p_926\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Cash and cash equivalents</p></li></ol><p class=\"heading\" id=\"v1-page52-p_927\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash and cash equivalents include cash in hand and bank deposits.\u00a0The item includes cash on bank deposits with specific destinations for Euro 6,971 thousand, used for claims settlement activities on behalf of clients.</p><p class=\"heading\" id=\"v1-page52-p_928\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For comments on the evolution of cash and cash equivalents, please refer to the management report.</p><p class=\"heading\" id=\"v1-page52-p_929\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents net financial position as of December 31, 2021 and 2020, prepared according to ESMA orientation 32-382-1138 of March 4, 2021 and to Consob guidance n. 5/21 of April 29. 2021:</p><p id=\"v1-page52-p_930\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page52-tbl_30\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 16,2pt;line-height: 0px;\"></td><td style=\"width: 182,1pt;line-height: 0px;\"></td><td style=\"width: 58,5pt;line-height: 0px;\"></td><td style=\"width: 88,35pt;line-height: 0px;\"></td><td style=\"width: 88,35pt;line-height: 0px;\"></td><td style=\"width: 35,05pt;line-height: 0px;\"></td></tr><tr id=\"v1-page52-tbl_30.tr_0\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page52-tbl_30.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page52-tbl_30.tr_1\" style=\"height: 41pt;\"><td id=\"v1-page52-tbl_30.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page52-tbl_30.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0December 31, 2022\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0December 31, 2021*\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Change</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0%\u00a0</p></td></tr><tr id=\"v1-page52-tbl_30.tr_2\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">A.</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and current bank accounts</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0269,647\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0165,857\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0103,790\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">62.6%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_3\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">B.</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash equivalents</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">N/A</p></td></tr><tr id=\"v1-page52-tbl_30.tr_4\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">C.</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other current financial assets</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,430\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,467\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0963\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">14.9%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_5\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">D.</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Liquidity (A) + (B) + (C)</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0277,077\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0172,324\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0104,753\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">60.8%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_6\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">E.</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current financial liabilities</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,948)</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(9,163)</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,785)</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30.4%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_7\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">F.</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current portion of non-current financial liabilities</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(54,346)</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(16,048)</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(38,298)</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">238.6%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_8\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">G.</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Current indebtedness (E) + (F)</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(66,294)</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(25,211)</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(41,083)</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">163.0%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_9\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">H.</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net current financial position (D) + (G)</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0210,783\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0147,113\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a063,670\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">43.3%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_10\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">I.</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current financial liabilities</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(406,030)</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(195,935)</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(210,095)</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">107.2%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_11\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">J.</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Bonds issued</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">N/A</p></td></tr><tr id=\"v1-page52-tbl_30.tr_12\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">K.</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trade and other non-current payables</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">N/A</p></td></tr><tr id=\"v1-page52-tbl_30.tr_13\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_13.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">L.</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Non-current indebtedness (I) + (J) + (K)</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(406,030)</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(195,935)</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(210,095)</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">107.2%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_14\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_14.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">M.</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net financial position (H) + (L)</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(195,247)</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(48,822)</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(146,425)</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">299.9%</p></td></tr></table><p class=\"heading\" id=\"v1-page52-p_931\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The net financial position as of December 31, 2022 shows a negative cash balance, for Euro 195,247 thousand, worsening by Euro 146,425 thousand compared to the previous financial year. The worsening is mainly due to the payment of dividends for Euro 15,239 thousand, to the considerations paid (net of the cash acquired) for the corporate acquisitions of the period for Euro 87,621 thousand, to the purchase of Moneysupermarket.com Group PLC shares for Euro 63,373 thousand, to the subscription of n related to \"Igloo\" securitizations for Euro 4,396 thousand, to the purchase of own shares for Euro 25,025 thousand, partially offset by the cash generated by the operating activities, equal to Euro 61,991 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page53-p_932\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Current financial assets</p></li></ol><p class=\"heading\" id=\"v1-page53-p_933\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2022, current financial assets amount to Euro 4,677 thousand, and refer to the receivables linked to the subsidiary Centro Finanziamenti S.p.A., for the originated secured employee/pensioner (\"<span id=\"v1-page53-p_933.r_20\" style=\"font-style: italic;\">cessione del quinto</span>\") and guaranteed SME loans, and transferred to the assignee after December 31, 2022.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page53-p_934\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Trade receivables\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page53-p_935\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page53-p_936\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page53-tbl_31\" style=\"border-collapse: collapse;width: 7,278in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 244pt;line-height: 0px;\"></td><td style=\"width: 140pt;line-height: 0px;\"></td><td style=\"width: 140pt;line-height: 0px;\"></td></tr><tr id=\"v1-page53-tbl_31.tr_0\" style=\"height: 32pt;\"><td id=\"v1-page53-tbl_31.tr_0.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page53-tbl_31.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page53-tbl_31.tr_0.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page53-tbl_31.tr_0.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page53-tbl_31.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page53-tbl_31.tr_1.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trade receivables</p></td><td id=\"v1-page53-tbl_31.tr_1.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0131,319\u00a0</p></td><td id=\"v1-page53-tbl_31.tr_1.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0129,061\u00a0</p></td></tr><tr id=\"v1-page53-tbl_31.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page53-tbl_31.tr_2.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">(allowance for doubtful receivables)</p></td><td id=\"v1-page53-tbl_31.tr_2.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(7,571)\u00a0</p></td><td id=\"v1-page53-tbl_31.tr_2.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(5,876)\u00a0</p></td></tr><tr id=\"v1-page53-tbl_31.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page53-tbl_31.tr_3.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total trade receivables</p></td><td id=\"v1-page53-tbl_31.tr_3.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0123,748\u00a0</p></td><td id=\"v1-page53-tbl_31.tr_3.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0123,185\u00a0</p></td></tr></table><p id=\"v1-page54-p_937\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page54-p_938\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Trade receivables refer to ordinary sales to client companies operating in the banking and financial sector.</p><p class=\"heading\" id=\"v1-page54-p_939\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is worth pointing out that trade receivables include a portion related to the estimation of conditional considerations upon the occurrence of certain contractual events, and that IFRS 15 standard defines as \"contract assets\". In particular, the considerations refer to:\u00a0</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page54-p_940\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">mortgage underwriting and closing services, for which in some cases the contractual remuneration is subject to the effective disbursement of the loan, for Euro 128 thousand;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page54-p_941\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">administrative activities aimed at credit collection on behalf of insurance companies, for which the fees are subject to the effective collection of the credits, for Euro 3,116 thousand.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page54-p_942\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following tables present the variation of the allowance for doubtful receivables in the financial years ended December 31, 2022 and 2021:</p><p class=\"heading\" id=\"v1-page54-p_943\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2021</p><p id=\"v1-page54-p_944\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_32\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 46,1pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 87,45pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_32.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page54-tbl_32.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_32.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2020\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page54-tbl_32.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_32.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for bad debts</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,204\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0908\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(277)</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td></tr><tr id=\"v1-page54-tbl_32.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_32.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,204\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0908\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(277)</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td></tr></table><p id=\"v1-page54-p_945\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page54-p_946\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2022</p><p id=\"v1-page54-p_947\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_33\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 46,1pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 87,45pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_33.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page54-tbl_33.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_33.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page54-tbl_33.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_33.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for bad debts</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0828\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,040\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(173)</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,571\u00a0</p></td></tr><tr id=\"v1-page54-tbl_33.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_33.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0828\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,040\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(173)</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,571\u00a0</p></td></tr></table><p id=\"v1-page54-p_948\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><p class=\"heading\" id=\"v1-page54-p_949\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The change in the scope of consolidation mainly refers to the provision for bad debts of the Europa Centro Servizi S.r.l. and Trebi Generalconsult S.r.l., included in the consolidation area during the financial year ended December 31, 2022.</p><p class=\"heading\" id=\"v1-page54-p_950\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The acrruals for the year mainly include the adjustments to the bad debt provision booked by the subsidiary Agenzia Italia S.p.A..</p><p id=\"v1-page54-p_951\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in;\"><br/></p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page54-p_952\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin: 0in;\">Tax receivables</p></li></ol><p class=\"heading\" id=\"v1-page54-p_953\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">This item, equal to Euro 10,896 thousand as of December 31, 2022 (Euro 12,371 thousand as of December 31, 2021), refers to the credit for current taxes due to the payments of advances by the companies of the Group during 2022 higher than the amount of the tax due on the taxable income.\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page54-p_954\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other current assets</p></li></ol><p class=\"heading\" id=\"v1-page54-p_955\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page54-p_956\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_34\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 142,1pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_34.tr_0\" style=\"height: 32pt;\"><td id=\"v1-page54-tbl_34.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_34.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_1\" style=\"height: 11pt;\"><td id=\"v1-page54-tbl_34.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Accruals and prepayments</p></td><td id=\"v1-page54-tbl_34.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,349\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,210\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_34.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Advances to suppliers</p></td><td id=\"v1-page54-tbl_34.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,106\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,339\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_34.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page54-tbl_34.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0917\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0460\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_34.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">VAT receivables</p></td><td id=\"v1-page54-tbl_34.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,778\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,922\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_34.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other current assets</p></td><td id=\"v1-page54-tbl_34.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,150\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,931\u00a0</p></td></tr></table><p id=\"v1-page54-p_957\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0<span id=\"v1-page54-p_957.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt;\">The item \"Accruals and prepayments\" mainly includes the payments for software licenses, leases and maintenance services already paid but pertaining to subsequent financial years as well as revenues already accrued on services not yet completed. The increase compared to the previous year is the result of the higher costs for the use of third-party software licenses, and the enlargement of the consolidation area.</span></p><p class=\"heading\" id=\"v1-page54-p_958\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Advances to suppliers\" as of December 31, 2022 mainly includes advance payments for consulting and services not yet performed.\u00a0</p><p class=\"heading\" id=\"v1-page54-p_959\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The decrease of VAT receivables is due to the lower credit recorded by some companies of the Group.</p><p class=\"heading\" id=\"v1-page54-p_960\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">NON-CURRENT LIABILITIES</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page54-p_961\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Long-term debts and other financial liabilities \u00a0</p></li></ol><p class=\"heading\" id=\"v1-page54-p_962\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page54-p_963\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_35\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 230,45pt;line-height: 0px;\"></td><td style=\"width: 118,55pt;line-height: 0px;\"></td><td style=\"width: 119,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_35.tr_0\" style=\"height: 34pt;\"><td id=\"v1-page54-tbl_35.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_35.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_35.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Long-term bank borrowings</p></td><td id=\"v1-page54-tbl_35.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0139,534\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0209,019\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Term between 1 and 5 years</p></td><td id=\"v1-page54-tbl_35.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0114,963\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0181,414\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Term over 5 years</p></td><td id=\"v1-page54-tbl_35.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,571\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a027,605\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other non-current financial liabilities</p></td><td id=\"v1-page54-tbl_35.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a056,401\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,076\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Put/call option liability Agenzia Italia S.p.A.</p></td><td id=\"v1-page54-tbl_35.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017,812\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Put/call option liability Gruppo Lercari S.r.l.</p></td><td id=\"v1-page54-tbl_35.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a032,672\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,170)</p></td></tr><tr id=\"v1-page54-tbl_35.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Put/call option liability Zoorate S.r.l.</p></td><td id=\"v1-page54-tbl_35.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,498\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Non-current lease liabilities</p></td><td id=\"v1-page54-tbl_35.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,917\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0665\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Totale long-term debts and other financial liabilities</p></td><td id=\"v1-page54-tbl_35.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0195,935\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0420,107\u00a0</p></td></tr></table><p id=\"v1-page55-p_964\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page55-p_965\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Bank loans</p><p class=\"heading\" id=\"v1-page55-p_966\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Non-current bank borrowings refer to the outstanding loans from Intesa SanPaolo S.p.A. for Euro 154,764 thousand, Cr\u00e9dit Agricole Italia S.p.A., for Euro 73,165 thousand, Banco BPM S.p.A., for Euro 46,316 thousand, Credito Emiliano S.p.A. for Euro 20,683 thousand, Unicredit S.p.A. for Euro 51,097 thousand, and BPER Banca S.p.A. for Euro 2,528 thousand.</p><p class=\"heading\" id=\"v1-page55-p_967\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The repayment schedule is as follows:</p><p id=\"v1-page55-p_968\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page55-tbl_36\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 156,85pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page55-tbl_36.tr_0\" style=\"height: 35pt;\"><td id=\"v1-page55-tbl_36.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page55-tbl_36.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page55-tbl_36.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between one and two years</p></td><td id=\"v1-page55-tbl_36.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a080,396\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,215\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between two and three years</p></td><td id=\"v1-page55-tbl_36.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a081,595\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a035,682\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between three and four years</p></td><td id=\"v1-page55-tbl_36.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a073,358\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a031,168\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between four and five years</p></td><td id=\"v1-page55-tbl_36.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061,028\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a023,898\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- more than five</p></td><td id=\"v1-page55-tbl_36.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a052,176\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,571\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page55-tbl_36.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0348,553\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0139,534\u00a0</p></td></tr></table><p id=\"v1-page55-p_969\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0<span id=\"v1-page55-p_969.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; text-decoration: underline;\">Loans from Cr\u00e9dit Agricole Italia S.p.A.</span></p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page55-p_970\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On June 28, 2018 the Issuer signed a loan agreement with Cr\u00e9dit Agricole Italia S.p.A., for an amount equal to Euro 20,000 thousand, paid in two tranches on June 28, 2018 and July 4, 2018. The schedule of the loan provides for six-monthly reimbursements starting from December 31, 2018 to June 30, 2025, at a yearly interest rate equal to 3-month Euribor increased by 0.90%, subject to variation at each payment date based on the ratio between the Net Financial Indebtedness and EBITDA.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page55-p_971\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On March 30, 2020 the Issuer signed a loan agreement with Cr\u00e9dit Agricole Italia S.p.A., for an amount equal to Euro 15,000 thousand, expiring on June 30, 2026, at a yearly fixed rate equal to 1.05%</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page55-p_972\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On August 9, 2022 the Issuer signed a loan agreement with Credit Agricole Italia S.p.A., disbursed in the fourth quarter for Euro 60,000 thousand, with expiration date at June 30, 2028, with a variable interest rate equal to 3-month Euribor, increased by a spread of 1.65%.</p></li></ol><p id=\"v1-page55-p_973\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With regard to such loans, the Issuer is obliged to comply with the following consolidated financial covenant: ratio between Net Financial Position and EBITDA not over 3.25 in 2022, and not over 3.00 starting from 2023.</p><p class=\"heading\" id=\"v1-page55-p_974\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loan from Banco BPM S.p.A.</p><p class=\"heading\" id=\"v1-page55-p_975\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On September 5, 2022, \u00a0the Issuer signed a loan agreement with Banco BPM S.p.A., for a total amount equal to Euro 50,000 thousand, with a variable interest rate equal to 6-month Euribor, increased by a spread of 1.80% on a credit line equal to Euro 35,000 thousand (\"<span id=\"v1-page55-p_975.r_19\" style=\"font-weight: bold;\">Line A</span>\"), with expiration date at June 30, 2028, and a spread of 2.00% on a bullet credit line equal to Euro 15,000 thousand (\"<span id=\"v1-page55-p_975.r_29\" style=\"font-weight: bold;\">Line B</span>\"), with expiration date at December 31, 2028. In addition, on 50% of the financed amount, and until the expiration date of each credit line, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 2.39% for the Line A, and 2.485% for the Line B, increased by the margins described above.</p><p id=\"v1-page55-p_976\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With regard to the loan obtained from Banco BPM S.p.A., the Issuer is obliged to comply with the following consolidated financial covenant, as resulting from the consolidated financial statement for each full and half year, clarifying that the economic data are to be considered on an yearly basis: ratio between Net Financial Position and EBITDA not over 3.0.</p><p class=\"heading\" id=\"v1-page55-p_977\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loans from Intesa SanPaolo S.p.A.</p><p class=\"heading\" id=\"v1-page55-p_978\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On March 30, 2021 the Issuer signed a loan agreement with Intesa SanPaolo S.p.A., for an amount equal to Euro 80,000 thousand, expiring March 30, 2028, with a fixed interest rate equal to 1.45%. We point out that such loan was partially used for the early reimbursement of the previous loans of the same bank, which had a residual debt equal to Euro 37,009 thousand.</p><p class=\"heading\" id=\"v1-page55-p_979\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On July 29, 2022 the Issuer signed a loan agreement with Intesa SanPaolo S.p.A. composed of two tranches, respectively of Euro 40,000 thousand and 60,000 thousand, both disbursed in 2022. The contract provides, for both tranches of the loan, an expiration date of December 31, 2028, with an interest rate equal to the 6-month Euribor rate, increased by a margin of 2.00%. In addition, on 60% of the disbursed amount, and until December 31, 2026, a derivative contract was signed to hedge the interest rate, which is converted to a fixed rate at 1.396%, increased by the margin of 2.00%.</p><p class=\"heading\" id=\"v1-page55-p_980\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regard the loan obtained from Intesa SanPaolo S.p.A., the Group is obliged to comply with the following consolidated financial covenants: i) ratio between Net Financial Position and EBITDA not over 3.5 in 2022, not over 3.0 in 2023 and not over 2.5 starting from 2024; ii) ratio between Net Financial Position and Equity not over 2.0. In addition, in the event that the ratio between Net Financial Position and EBITDA should result higher than 2.0 but lower that 2.5. the Issuer is obliged not to distribute profits and/or reserves made up of undistributed profits from previous years in excess of 50%, while in the event that such ratio should result higher than 2.5, the Issuer is obliged not to distribute profits and/or reserves made up of undistributed profits from previous years in excess of 25%.</p><p class=\"heading\" id=\"v1-page55-p_981\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loans from Unicredit S.p.A.</p><p class=\"heading\" id=\"v1-page55-p_982\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On February 26, 2021 the Issuer signed a loan agreement with Unicredit S.p.A., for an amount equal to Euro 10,000 thousand, expiring February 28, 2026, with a variable interest rate equal to 3-month Euribor increased by 1.60%. On such loan we took a derivative contract to hedge the variable rate, which converts the 3-month Euribor interest rate into a yearly fixed rate of minus 0.15% and whose fair value as of December 31, 2021 shows a negative value equal to Euro 16 thousand.</p><p class=\"heading\" id=\"v1-page55-p_983\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On August 9, 2022 the Issuer signed a loan agreement with Unicredit S.p.A., for an amount equal to Euro 50,000 thousand, with expiration date at August 31, 2028, with a variable interest rate equal to 3-month Euribor, increased by a spread of 1.80%. In addition, on 60% of the financed amount, equal to Euro 30,000 thousand, and until August 29, 2025, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 1.435%, increased by the margin of 1.80%.\u00a0</p><p class=\"heading\" id=\"v1-page55-p_984\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regard the loans obtained from Unicredit S.p.A., the Group is obliged to comply with the following consolidated financial covenant, as resulting from the consolidated financial statements for each full and half year, clarifying that the economic data are to be considered on a yearly basis: ratio between Net Financial Position and EBITDA not over 3.0. In addition, in the event that such ratio should be higher than 2.25, the Issuer is obliged not to distribute or resolve the distribution of profits of the year in amounts exceeding 50% of the consolidated annual net income.</p><p class=\"heading\" id=\"v1-page55-p_985\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loans from Credito Emiliano S.p.A.</p><p id=\"v1-page55-p_986\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On September 9, 2021 the Issuer signed a loan agreement with Credito Emiliano S.p.A., for an amount equal to Euro 20,000 thousand, expiring September 9, 2026, with a fixed interest rate equal to 0.58%, We point out that such loan was mainly used for the early reimbursement of the previous loans of the same bank, which had a residual debt equal to Euro 16,798 thousand.</p><p id=\"v1-page55-p_987\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On November 2, 2022 the Issuer signed a loan agreement with Credito Emiliano S.p.A., for an amount equal to Euro 10,000 thousand, with expiration date at November 2, 2026, with a variable interest rate equal to Euribor 1-month, increased by a spread of 0.90%</p><p class=\"heading\" id=\"v1-page55-p_988\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regard the loans obtained from Credito Emiliano S.p.A., the Group is obliged to comply with the following consolidated financial covenant, as resulting from the consolidated financial statements for each full and half year: ratio between Net Financial Position and EBITDA not over 3.0.</p><p class=\"heading\" id=\"v1-page55-p_989\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is specified that for the calculation of the above ratios, based on the current contractual agreements with the banks. with the exception of the loans with Intesa SanPaolo S.p.A., the calculation of the Net Financial Position also includes the value of the Moneysupermarket.com shares, the amount of which as of December 31, 2022 is equal to Euro 95,448 thousand.</p><p id=\"v1-page55-p_990\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page55-p_990.r_0\" style=\"font-family: 'Garamond';\">The Group has complied with these covenants as of December 31, 2022.</span><span id=\"v1-page55-p_990.r_8\" style=\"font-size: 11pt;\">\u00a0</span></p><p class=\"heading\" id=\"v1-page55-p_991\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Changes in liabilities</p><p class=\"heading\" id=\"v1-page55-p_992\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">We provide below the table required by IAS 7 about the changes of the liabilities related to financing activities:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page55-tbl_37\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 52,65pt;line-height: 0px;\"></td><td style=\"width: 109,55pt;line-height: 0px;\"></td><td style=\"width: 109,55pt;line-height: 0px;\"></td><td style=\"width: 98,85pt;line-height: 0px;\"></td><td style=\"width: 97,95pt;line-height: 0px;\"></td></tr><tr id=\"v1-page55-tbl_37.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page55-tbl_37.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page55-tbl_37.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Cash flows\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page55-tbl_37.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cr\u00e9dit Agricole Italia S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020,956\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a057,000\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,791)</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a073,165\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Credito Emiliano S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017,658\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,646\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,621)</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020,683\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Intesa SanPaolo S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a079,893\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a083,333\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(8,462)</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0154,764\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Banco BPM S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014,540\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a034,160\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,384)</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a046,316\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Unicredit S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,487\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a046,535\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,925)</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a051,097\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPER Banca S:p.A.</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,528\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,528\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Long-term borrowings</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">139,534</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">231,202</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(22,183)</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">348,553</p></td></tr></table><p class=\"heading\" id=\"v1-page56-p_994\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Cash flows\" column includes the non-current portion of the new obtained loans.\u00a0</p><p class=\"heading\" id=\"v1-page56-p_995\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Others\" column refers to the reclassification among current liabilities of the portions of the loans that will expire during the next twelve months.</p><p class=\"heading\" id=\"v1-page56-p_996\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Other non-current financial liabilities</p><p class=\"heading\" id=\"v1-page56-p_997\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Finally, \"Other non-current financial liabilities\" are composed of the estimated liability for the exercise of the put/call option on the residual 49.9% stake of Gruppo Lercari S.r.l., equal to Euro 31,502 thousand, the estimated liability for the exercise of the put/call option on the residual 15.5% stake of Agenzia Italia S.p.A., equal to Euro 17,895 thousand, the estimated liability for the exercise of the put/call option on the residual 8% stake of Zoorate S.r.l., equal to Euro 1,498 thousand, and the leasing liabilities deriving from the adoption of IFRS 16, for Euro 6,582 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page56-p_998\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Provisions for risks and charges</p></li></ol><p class=\"heading\" id=\"v1-page56-p_999\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following tables present the situation and the variation of the item as of and for the financial year ended December 31, 2022 and 2021:</p><p class=\"heading\" id=\"v1-page56-p_1000\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2021</p><p id=\"v1-page56-p_1001\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page56-tbl_38\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 59,9pt;line-height: 0px;\"></td><td style=\"width: 95,9pt;line-height: 0px;\"></td><td style=\"width: 96,85pt;line-height: 0px;\"></td><td style=\"width: 95,65pt;line-height: 0px;\"></td><td style=\"width: 59,6pt;line-height: 0px;\"></td><td style=\"width: 60,65pt;line-height: 0px;\"></td></tr><tr id=\"v1-page56-tbl_38.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_38.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page56-tbl_38.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2020\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page56-tbl_38.tr_1\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_38.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for early repayment of mortgages</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td></tr><tr id=\"v1-page56-tbl_38.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page56-tbl_38.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other provisions for risks</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,670</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">72</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(40)</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,702</p></td></tr><tr id=\"v1-page56-tbl_38.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page56-tbl_38.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,850\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a072\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(40)</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,882</p></td></tr></table><p id=\"v1-page56-p_1002\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page56-p_1003\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2022</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page56-tbl_39\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 60,15pt;line-height: 0px;\"></td><td style=\"width: 95,95pt;line-height: 0px;\"></td><td style=\"width: 96,45pt;line-height: 0px;\"></td><td style=\"width: 95,65pt;line-height: 0px;\"></td><td style=\"width: 59,6pt;line-height: 0px;\"></td><td style=\"width: 60,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page56-tbl_39.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_39.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page56-tbl_39.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page56-tbl_39.tr_1\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_39.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for early repayment of mortgages</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td></tr><tr id=\"v1-page56-tbl_39.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page56-tbl_39.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other provisions for risks</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,702</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">18</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(147)</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,576</p></td></tr><tr id=\"v1-page56-tbl_39.tr_3\" style=\"height: 16pt;\"><td id=\"v1-page56-tbl_39.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,882\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a018\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(147)</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,756</p></td></tr></table><p class=\"heading\" id=\"v1-page57-p_1004\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The provision for early repayment of mortgages includes the estimation of possible repayment of commissions received for mortgages intermediated in the year ended at the financial statements date, if particular clauses of the agreements with the banks provide for the reversal of the fees in case of loan prepayment or borrower default. The item also includes a provision of Euro 126 thousand, booked during financial year ended December 31, 2019, which refers to an estimation of the economic indemnities that may have to be paid to customers and/or assignees by a company of the Group which provides loans subsequently transferred to other intermediaries, in the event of requests for early repayment, pursuant to the judgment of the Court of Justice of the European Union of September 11, 2019 about the repayment - pro rata - of the total cost of the receivable in case of early repayment.</p><p class=\"heading\" id=\"v1-page57-p_1005\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Other provisions for risks\" include, for Euro 875 thousand, the estimation of the liability deriving from the probable charging by some suppliers of the Group of additional costs compared to the previously foreseeable amount, related to professional services supplied to the Mortgage BPO business line. The management considers it appropriate to allot those amounts since, based on the agreements with these suppliers, the Group must bear the direct costs incurred by the suppliers in the provision of these services. The item also includes the measurement of the liability considered probable related to labor claims, for Euro 694 thousand (the utilization of this provision amount to Euro 147 thousand in 2022).</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page57-p_1006\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Defined benefit program liabilities\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page57-p_1007\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page57-p_1008\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page57-tbl_40\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,55pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page57-tbl_40.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page57-tbl_40.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page57-tbl_40.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page57-tbl_40.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page57-tbl_40.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_40.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Employee termination benefits</p></td><td id=\"v1-page57-tbl_40.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a018,420\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017,936\u00a0</p></td></tr><tr id=\"v1-page57-tbl_40.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_40.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Directors' termination benefits</p></td><td id=\"v1-page57-tbl_40.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0460\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0290\u00a0</p></td></tr><tr id=\"v1-page57-tbl_40.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_40.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Long Term Incentive Plan liability</p></td><td id=\"v1-page57-tbl_40.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0145\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page57-tbl_40.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_40.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total defined benefit program liabilities</p></td><td id=\"v1-page57-tbl_40.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a019,025\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a018,226\u00a0</p></td></tr></table><p id=\"v1-page57-p_1009\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page57-p_1010\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The liability for Long Term Incentive Plan refers to the estimated liability due to the employees benefiting from the incentive plan, the amount of which is calculated based on the results to be achieved by the Group in the financial year ending December 31, 2024.</p><p class=\"heading\" id=\"v1-page57-p_1011\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The economic and demographic assumptions used for the actuarial determination of the defined benefit program liabilities are provided below for the years ended December 31, 2022 and 2021:</p><p id=\"v1-page57-p_1012\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page57-tbl_41\" style=\"border-collapse: collapse;width: 6,667in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 279pt;line-height: 0px;\"></td><td style=\"width: 96pt;line-height: 0px;\"></td><td style=\"width: 105pt;line-height: 0px;\"></td></tr><tr id=\"v1-page57-tbl_41.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page57-tbl_41.tr_0.tc_0\" style=\"width: 279pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page57-tbl_41.tr_0.tc_1\" style=\"width: 96pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page57-tbl_41.tr_0.tc_2\" style=\"width: 105pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page57-tbl_41.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page57-tbl_41.tr_1.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page57-tbl_41.tr_1.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_1.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page57-tbl_41.tr_1.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_1.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: center;\"><br/></p></td></tr><tr id=\"v1-page57-tbl_41.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_2.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">ECONOMIC ASSUMPTIONS</p></td><td id=\"v1-page57-tbl_41.tr_2.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\"><br/></p></td><td id=\"v1-page57-tbl_41.tr_2.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_2.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page57-tbl_41.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_3.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Inflation rate</p></td><td id=\"v1-page57-tbl_41.tr_3.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2.50%</p></td><td id=\"v1-page57-tbl_41.tr_3.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1.50%</p></td></tr><tr id=\"v1-page57-tbl_41.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_4.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Discount rate</p></td><td id=\"v1-page57-tbl_41.tr_4.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.70%</p></td><td id=\"v1-page57-tbl_41.tr_4.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1.00%</p></td></tr><tr id=\"v1-page57-tbl_41.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_5.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Salary growth rate</p></td><td id=\"v1-page57-tbl_41.tr_5.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.00%</p></td><td id=\"v1-page57-tbl_41.tr_5.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2.50%</p></td></tr><tr id=\"v1-page57-tbl_41.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_6.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">TFR growth rate</p></td><td id=\"v1-page57-tbl_41.tr_6.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.38%</p></td><td id=\"v1-page57-tbl_41.tr_6.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2.63%</p></td></tr><tr id=\"v1-page57-tbl_41.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page57-tbl_41.tr_7.tc_0\" style=\"width: 279pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page57-tbl_41.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page57-tbl_41.tr_7.tc_1\" style=\"width: 96pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page57-tbl_41.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page57-tbl_41.tr_7.tc_2\" style=\"width: 105pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page57-tbl_41.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page58-p_1013\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page58-tbl_42\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 156,8pt;line-height: 0px;\"></td><td style=\"width: 312,25pt;line-height: 0px;\"></td></tr><tr id=\"v1-page58-tbl_42.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_42.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page58-tbl_42.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page58-tbl_42.tr_1\" style=\"height: 14pt;\"><td colspan=\"2\" id=\"v1-page58-tbl_42.tr_1.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">DEMOGRAPHIC ASSUMPTIONS</p></td></tr><tr id=\"v1-page58-tbl_42.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_42.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page58-tbl_42.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page58-tbl_42.tr_3\" style=\"height: 29pt;\"><td id=\"v1-page58-tbl_42.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected mortality rate</p></td><td id=\"v1-page58-tbl_42.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected mortality rate of Italian population, according with data from\u00a0<span id=\"v1-page58-tbl_42.tr_3.tc_1.p_0.r_1\" style=\"font-style: italic;\">Ragioneria Generale dello Stato</span>\u00a0(RG48)</p></td></tr><tr id=\"v1-page58-tbl_42.tr_4\" style=\"height: 46pt;\"><td id=\"v1-page58-tbl_42.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected invalidity rate</p></td><td id=\"v1-page58-tbl_42.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Data split by sex, driven by the INPS model and projected to 2010. Expectations are constructed using the age and gender of the living pensioners at January 1, 1987 beginning from 1984, 1985, 1986 for the personnel of the credit sector.</p></td></tr><tr id=\"v1-page58-tbl_42.tr_5\" style=\"height: 31pt;\"><td id=\"v1-page58-tbl_42.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected termination rate</p></td><td id=\"v1-page58-tbl_42.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">As regards the expected termination, a rate of 7.50% p.a. has been applied for all employees.\u00a0</p></td></tr><tr id=\"v1-page58-tbl_42.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page58-tbl_42.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected retirements</p></td><td id=\"v1-page58-tbl_42.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">It is expected that employees will reach the pensionable age provided within local laws</p></td></tr><tr id=\"v1-page58-tbl_42.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page58-tbl_42.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected early repayment rate</p></td><td id=\"v1-page58-tbl_42.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">A rate of 3% p.a. has been applied.</p></td></tr><tr id=\"v1-page58-tbl_42.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_42.tr_8.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page58-tbl_42.tr_8.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page58-p_1014\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page58-p_1015\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Actuarial gains deriving from the liability as of December 31, 2022. equal to Euro 3,414 thousand, are recorded in equity, with the recognition in the comprehensive income statement.</p><p class=\"heading\" id=\"v1-page58-p_1016\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the variation of the employee termination benefit liability for the year ended December 31, 2022 and 2021:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page58-tbl_43\" style=\"border-collapse: collapse;width: 5,444in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 301pt;line-height: 0px;\"></td><td style=\"width: 91pt;line-height: 0px;\"></td></tr><tr id=\"v1-page58-tbl_43.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_0.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_43.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page58-tbl_43.tr_0.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page58-tbl_43.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_1.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Value as of December 31, 2020</p></td><td id=\"v1-page58-tbl_43.tr_1.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">16,368</p></td></tr><tr id=\"v1-page58-tbl_43.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_2.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current service cost</p></td><td id=\"v1-page58-tbl_43.tr_2.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,737</p></td></tr><tr id=\"v1-page58-tbl_43.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_3.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Interest cost</p></td><td id=\"v1-page58-tbl_43.tr_3.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">58</p></td></tr><tr id=\"v1-page58-tbl_43.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_4.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Change in the scope of consolidation</p></td><td id=\"v1-page58-tbl_43.tr_4.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">314</p></td></tr><tr id=\"v1-page58-tbl_43.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_5.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Benefits paid</p></td><td id=\"v1-page58-tbl_43.tr_5.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,622)</p></td></tr><tr id=\"v1-page58-tbl_43.tr_6\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_6.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Losses /(Gains) of the year</p></td><td id=\"v1-page58-tbl_43.tr_6.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">81</p></td></tr><tr id=\"v1-page58-tbl_43.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_7.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Value as of December 31, 2021</p></td><td id=\"v1-page58-tbl_43.tr_7.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">17,936</p></td></tr><tr id=\"v1-page58-tbl_43.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_8.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current service cost</p></td><td id=\"v1-page58-tbl_43.tr_8.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,141</p></td></tr><tr id=\"v1-page58-tbl_43.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_9.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Interest cost</p></td><td id=\"v1-page58-tbl_43.tr_9.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">182</p></td></tr><tr id=\"v1-page58-tbl_43.tr_10\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_10.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Change in the scope of consolidation</p></td><td id=\"v1-page58-tbl_43.tr_10.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,766</p></td></tr><tr id=\"v1-page58-tbl_43.tr_11\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_11.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Benefits paid</p></td><td id=\"v1-page58-tbl_43.tr_11.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,191)</p></td></tr><tr id=\"v1-page58-tbl_43.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_12.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Losses /(Gains) of the year</p></td><td id=\"v1-page58-tbl_43.tr_12.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,414)</p></td></tr><tr id=\"v1-page58-tbl_43.tr_13\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_13.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Value as of December 31, 2022</p></td><td id=\"v1-page58-tbl_43.tr_13.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">18,420</p></td></tr></table><p id=\"v1-page58-p_1017\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page58-p_1018\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Expenses related to the defined benefit program liability that are recognized in the income statement are as follows:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page58-tbl_44\" style=\"border-collapse: collapse;width: 6,708in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 301pt;line-height: 0px;\"></td><td style=\"width: 91pt;line-height: 0px;\"></td><td style=\"width: 91pt;line-height: 0px;\"></td></tr><tr id=\"v1-page58-tbl_44.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_44.tr_0.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page58-tbl_44.tr_0.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page58-tbl_44.tr_0.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page58-tbl_44.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page58-tbl_44.tr_1.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_44.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page58-tbl_44.tr_1.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2022</p></td><td id=\"v1-page58-tbl_44.tr_1.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2021</p></td></tr><tr id=\"v1-page58-tbl_44.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_44.tr_2.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current personnel cost</p></td><td id=\"v1-page58-tbl_44.tr_2.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,141)</p></td><td id=\"v1-page58-tbl_44.tr_2.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,737)</p></td></tr><tr id=\"v1-page58-tbl_44.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_44.tr_3.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Implicit interest cost</p></td><td id=\"v1-page58-tbl_44.tr_3.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(182)</p></td><td id=\"v1-page58-tbl_44.tr_3.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(58)</p></td></tr><tr id=\"v1-page58-tbl_44.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_44.tr_4.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total expenses related to the defined benefit program</p></td><td id=\"v1-page58-tbl_44.tr_4.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,323)</p></td><td id=\"v1-page58-tbl_44.tr_4.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,795)</p></td></tr></table><p class=\"heading\" id=\"v1-page59-p_1020\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regards the discount rate, the reference rate used for the valorization of this parameter is the Iboxx Eur Corporate AA 10+ index (maturity over 10 years) as of the valuation date. This term is in fact linked to the average residual permanence of the employees of the Group, weighed with the expected payments.</p><p class=\"heading\" id=\"v1-page59-p_1021\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The directors' termination benefits for the companies of the Group are recognized pursuant to the resolutions of the relevant shareholders' meetings. The increase of Euro 168 thousand refers to the provision of the year.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page59-p_1022\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other non-current liabilities</p></li></ol><p id=\"v1-page59-p_1023\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item, equal to Euro 13,078 thousand as of December 31, 2022, mainly includes the non-current portion of the consideration still to be paid for the acquisition of Trebi Generalconsult S.r.l. for Euro 9,000 thousand, Onda S.r.l. for Euro 750 thousand, Gema Motor S.r.l. for Euro 188 thousand, Luna Service S.r.l. for Euro 100 thousand, Europa Centro Servizi S.r.l. for Euro 1,757 thousand and Sovime S.r.l. for Euro 1,163 thousand.</p><p class=\"heading\" id=\"v1-page59-p_1024\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">CURRENT LIABILITIES</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page59-p_1025\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Short-term debts and other financial liabilities</p></li></ol><p class=\"heading\" id=\"v1-page59-p_1026\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page59-p_1027\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page59-tbl_45\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,55pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page59-tbl_45.tr_0\" style=\"height: 35pt;\"><td id=\"v1-page59-tbl_45.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page59-tbl_45.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page59-tbl_45.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Short-term bank debts</p></td><td id=\"v1-page59-tbl_45.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,000\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,013\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current portion of long-term loans:</p></td><td id=\"v1-page59-tbl_45.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a054,346\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016,048\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Cr\u00e9dit Agricole Italia S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,214\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,319\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Credito Emiliano S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,993\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,330\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page59-tbl_45.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Intesa SanPaolo S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,609\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0290\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Banca Popolare di Milano S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,683\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,102\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Unicredit S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,201\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,007\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">BPER Banca S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,646\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,000\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other financial liabilities:</p></td><td id=\"v1-page59-tbl_45.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,948\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,150\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Current lease liabilities</p></td><td id=\"v1-page59-tbl_45.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,948\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,134\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Liability for derivative on loan</p></td><td id=\"v1-page59-tbl_45.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Short-term debts and other financial liabilities</p></td><td id=\"v1-page59-tbl_45.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a066,294\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a025,211\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page59-p_1028\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Short-term debts and other financial liabilities\" amounting to Euro 66,294 thousand as of December 31, 2022, includes the current portions of bank borrowings and the interest payable on the outstanding loans, for an amount equal to Euro 54,346 thousand, the bank liabilities related to the short-term credit lines used by Agenzia Italia S.p.A., for an amount equal to Euro 8,000 thousand, the current portion of the lease liabilities (according to IFRS 16) for Euro 3,948 thousand.\u00a0</p><p class=\"heading\" id=\"v1-page59-p_1029\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">We provide below the table required by IAS 7 about the changes of the liabilities related to financing activities:</p><p id=\"v1-page59-p_1030\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page59-tbl_46\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 52,7pt;line-height: 0px;\"></td><td style=\"width: 109,55pt;line-height: 0px;\"></td><td style=\"width: 110,5pt;line-height: 0px;\"></td><td style=\"width: 97,9pt;line-height: 0px;\"></td><td style=\"width: 97,9pt;line-height: 0px;\"></td></tr><tr id=\"v1-page59-tbl_46.tr_0\" style=\"height: 33pt;\"><td id=\"v1-page59-tbl_46.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page59-tbl_46.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Cash flows\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page59-tbl_46.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Intesa SanPaolo S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0290\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016,518\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,801\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,609\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Credito Emiliano S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,330\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a037\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,626\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,993\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cr\u00e9dit Agricole Italia S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,319\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,350)</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,245\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,214\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Banco BPM S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,102\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,023\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,558\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,683\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Unicredit S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,007\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,271\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,923\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,201\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPER Banca S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,000\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(354)</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,646\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Short-term borrowings</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">16,048</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">17,145</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">21,153</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54,346</p></td></tr></table><p id=\"v1-page59-p_1031\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page59-p_1032\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Cash flows\" column includes the current portion of the new obtained loans. net of the reimbursements of the period.</p><p class=\"heading\" id=\"v1-page59-p_1033\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Others\" column refers to the reclassification among current liabilities of the portions of the loans that will expire during the next twelve months.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page59-p_1034\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Trade and other payables</p></li></ol><p class=\"heading\" id=\"v1-page59-p_1035\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Trade and other payables include the payables to suppliers for the purchase of goods and services, for Euro 41,980 thousand as of December 31, 2022, compared to Euro 43,580 thousand as of December 31, 2021.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page59-p_1036\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Tax payables \u00a0</p></li></ol><p class=\"heading\" id=\"v1-page59-p_1037\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Tax payables include payables for current taxes. As of December 31, 2022, the item includes mainly the liability for accrued IRES and IRAP. It is worth pointing out that during the financial year ended December 31, 2022. the Group paid a total amount of Euro 3,161 thousand for the final balance of the income taxes related to financial year 2021 and for the advances on the income taxes related to financial year 2022, and Euro 3,690 thousand related to the second installment of the substitute tax related to the revaluations.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1038\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other current liabilities</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1039\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1040\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_47\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,55pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_47.tr_0\" style=\"height: 30pt;\"><td id=\"v1-page60-tbl_47.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_47.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_47.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Liabilities to personnel</p></td><td id=\"v1-page60-tbl_47.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a018,981\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016,712\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Social security liabilities</p></td><td id=\"v1-page60-tbl_47.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,686\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,256\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Social security liabilities on behalf of employees</p></td><td id=\"v1-page60-tbl_47.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,735\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,856\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Accruals</p></td><td id=\"v1-page60-tbl_47.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,791\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,826\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">VAT liabilities</p></td><td id=\"v1-page60-tbl_47.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,678\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,052\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Consideration for the purchase of Zoorate S.r.l.</p></td><td id=\"v1-page60-tbl_47.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,052\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Advances from clients</p></td><td id=\"v1-page60-tbl_47.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,220\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a015,600\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other liabilities</p></td><td id=\"v1-page60-tbl_47.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,554\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,516\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other current liabilities</p></td><td id=\"v1-page60-tbl_47.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a060,645\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a052,870\u00a0</p></td></tr></table><p id=\"v1-page60-p_1041\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page60-p_1042\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Liabilities to personnel are mainly liabilities for salaries accrued in December, paid at the beginning of 2023, for accrued holidays and for deferred expenses as of December 31, 2022 that are still to be paid and bonus liabilities for the financial year 2022 not yet paid as of December 31, 2022. The increase compared to the previous year is mainly due to the increase in the average number of employees.</p><p class=\"heading\" id=\"v1-page60-p_1043\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Accruals\" mainly includes deferred revenues linked to outsourcing activities performed by the Leasing &amp; Rental BPO/IT business line, and deferred revenues linked to the activities of subsidiary Zoorate S.r.l., The increase with respect to the previous year is mainly due both to the inclusion of Trebi Generalconsult S.r.l. in the consolidation area, and to higher deferred revenues within the Leasing &amp; Rental BPO/IT business line.</p><p class=\"heading\" id=\"v1-page60-p_1044\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Advances from clients\" mainly includes payables to customers of the Insurance BPO business line for advances received for claim settlements for Euro 9,015 thousand, payables to customers of the Loans BPO business line for Euro 2,482 thousand, payables of the subsidiary Centro Finanziamenti S.p.A. to its loan buyers for expected early repayments on the transferred loans for Euro 1,784 thousand, and payables to customers of the Leasing &amp; Rental BPO/IT business line, for advances received by subsidiary Agenzia Italia S.p.A. in relation to car stamp duties to be paid in the short term, amounting to Euro 870 thousand.\u00a0</p><p class=\"heading\" id=\"v1-page60-p_1045\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other payables\" mainly includes the unpaid portion of the consideration for the acquisition of the Lercari Group, SOS Tariffe S.r.l., Europa Centro Servizi S.r.l., Luna Service S.r.l., Onda S.r.l. and Trebi Generalconsult S.r.l., for a total amount equal to Euro 6,350 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1046\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Shareholders' equity</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1047\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1048\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_48\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 182,5pt;line-height: 0px;\"></td><td style=\"width: 139,7pt;line-height: 0px;\"></td><td style=\"width: 139,7pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_48.tr_0\" style=\"height: 36pt;\"><td id=\"v1-page60-tbl_48.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_48.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_48.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_48.tr_0.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_48.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_1.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Share capital</p></td><td id=\"v1-page60-tbl_48.tr_1.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">949</p></td><td id=\"v1-page60-tbl_48.tr_1.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">970</p></td></tr><tr id=\"v1-page60-tbl_48.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_2.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Legal reserve</p></td><td id=\"v1-page60-tbl_48.tr_2.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">202</p></td><td id=\"v1-page60-tbl_48.tr_2.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">202</p></td></tr><tr id=\"v1-page60-tbl_48.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_3.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves</p></td><td id=\"v1-page60-tbl_48.tr_3.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">21,736</p></td><td id=\"v1-page60-tbl_48.tr_3.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">47,425</p></td></tr><tr id=\"v1-page60-tbl_48.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_4.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Retaind earnings</p></td><td id=\"v1-page60-tbl_48.tr_4.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">247,438</p></td><td id=\"v1-page60-tbl_48.tr_4.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">215,802</p></td></tr><tr id=\"v1-page60-tbl_48.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_5.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total Group shareholders' equity</p></td><td id=\"v1-page60-tbl_48.tr_5.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">270,325</p></td><td id=\"v1-page60-tbl_48.tr_5.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">264,399</p></td></tr><tr id=\"v1-page60-tbl_48.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_6.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves of minority interest</p></td><td id=\"v1-page60-tbl_48.tr_6.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,345</p></td><td id=\"v1-page60-tbl_48.tr_6.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,179</p></td></tr><tr id=\"v1-page60-tbl_48.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_7.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Retained income of minority interest</p></td><td id=\"v1-page60-tbl_48.tr_7.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">654</p></td><td id=\"v1-page60-tbl_48.tr_7.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,492</p></td></tr><tr id=\"v1-page60-tbl_48.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_8.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total shareholders' equity</p></td><td id=\"v1-page60-tbl_48.tr_8.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">272,324</p></td><td id=\"v1-page60-tbl_48.tr_8.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">269,070</p></td></tr></table><p id=\"v1-page60-p_1049\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1050\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For the changes in shareholders' equity, refer to the relevant table.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1051\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On April 28, 2022 the shareholders' meeting resolved the distribution of a dividend of Euro\u00a00.40\u00a0per share, for a total amount of Euro 15,239 thousand. Such dividend has been paid out with ex-dividend date May 16, 2022 record date May 17, 2022 and payable date May 18, 2022.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1052\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Company, as of December 31, 2022, has a share capital of Euro 1,012,354.01, formed by 40,000,000 ordinary shares without nominal value, unchanged if compared to December 31, 2021.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1053\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2022, the Issuer holds 2,488,954 own shares, equal to 6.222% of ordinary share capital, for a total cost of Euro 37,801 thousand. Being the shares without nominal value, the purchase cost is deducted from the share capital for an amount implicitly corresponding to the nominal value, equal to Euro 63 thousand as of December 31, 2022, and from available reserves for an amount equal to the remaining part of the purchase cost.</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1054\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the impact of the purchase and sale of own shares by the companies of the Group on the consolidated share capital and net equity of the shareholders of the Issuer as of December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1055\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_49\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 180,1pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_49.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page60-tbl_49.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_49.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_49.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Share capital underwritten and paid</p></td><td id=\"v1-page60-tbl_49.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,012\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,012\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Own shares' nominal value</p></td><td id=\"v1-page60-tbl_49.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(63)\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(42)\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total share capital</p></td><td id=\"v1-page60-tbl_49.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0949\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0970\u00a0</p></td></tr></table><p id=\"v1-page60-p_1056\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_50\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 181,25pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_50.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page60-tbl_50.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_50.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_50.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves gross of own shares</p></td><td id=\"v1-page60-tbl_50.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0307,177\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0276,320\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Surplus on own shares</p></td><td id=\"v1-page60-tbl_50.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(37,801)\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(12,891)\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other reserves</p></td><td id=\"v1-page60-tbl_50.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0269,376\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0263,429\u00a0</p></td></tr></table><p id=\"v1-page60-p_1057\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1058\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Stock option plans</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1059\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table summarizes the variation of the stock options during the year:\u00a0</p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_51\" style=\"border-collapse: collapse;width: 6,925in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 233,8pt;line-height: 0px;\"></td><td style=\"width: 97,9pt;line-height: 0px;\"></td><td style=\"width: 101,65pt;line-height: 0px;\"></td><td style=\"width: 65,25pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_51.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_0.tc_0\" style=\"width: 233,8pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_0.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_0.tc_1\" style=\"width: 97,9pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_0.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_0.tc_3\" style=\"width: 65,25pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_3.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page60-tbl_51.tr_1\" style=\"height: 18pt;\"><td colspan=\"2\" id=\"v1-page60-tbl_51.tr_1.tc_0\" style=\"width: 331,7pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options as of January 1, 2022</p></td><td id=\"v1-page60-tbl_51.tr_1.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_1.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">822,507</p></td></tr><tr id=\"v1-page60-tbl_51.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_2.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options offered in 2022</p></td><td id=\"v1-page60-tbl_51.tr_2.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_2.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_2.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">277,000</p></td></tr><tr id=\"v1-page60-tbl_51.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_3.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Stock options cancelled due to resignations in 2022</p></td><td id=\"v1-page60-tbl_51.tr_3.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_3.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_3.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,500)</p></td></tr><tr id=\"v1-page60-tbl_51.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_4.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Stock options exercised in 2022</p></td><td id=\"v1-page60-tbl_51.tr_4.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_4.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_4.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(6,500)</p></td></tr><tr id=\"v1-page60-tbl_51.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_5.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options as of December 31, 2022</p></td><td id=\"v1-page60-tbl_51.tr_5.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_5.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_5.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,088,507</p></td></tr><tr id=\"v1-page60-tbl_51.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_6.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">(of which vested as of December 31, 2022</p></td><td id=\"v1-page60-tbl_51.tr_6.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_6.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_6.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">624,007</p></td></tr><tr id=\"v1-page60-tbl_51.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_7.tc_0\" style=\"width: 233,8pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_7.tc_1\" style=\"width: 97,9pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_7.tc_2\" style=\"width: 101,65pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_7.tc_3\" style=\"width: 65,25pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1060\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 6pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1061\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The outstanding stock options as of December 31, 2022 are as follows:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page60-p_1062\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_52\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 63,15pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 57,35pt;line-height: 0px;\"></td><td style=\"width: 50,15pt;line-height: 0px;\"></td><td style=\"width: 50,15pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_52.tr_0\" style=\"height: 32pt;\"><td id=\"v1-page60-tbl_52.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Date of shareholders' meeting resolution</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Date of assignment</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Vesting date</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_3\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiry date</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_4\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"># options</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_5\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Strike price</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_6\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Value of the option</p></td></tr><tr id=\"v1-page60-tbl_52.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_52.tr_1.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_1\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_2\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_3\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_3.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_4\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_4.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_5.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_6.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page60-tbl_52.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_2.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 27, 2017</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_1\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">March 12, 2018</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_2\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">March 12, 2021</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_3\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">March 11, 2024</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0464,007\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013.549\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02.61\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_3.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 27, 2017</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_1\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">July 5, 2019</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_2\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">July 8, 2022</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_3\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">July 7, 2025</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0160,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a015.887\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03.21\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_4.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 27, 2017</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">September 1, 2020</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">September 1, 2023</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">August 31, 2026</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a022.755\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.90\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 29, 2021</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 15, 2021</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 15, 2024</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 14, 2027</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0163,500\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044.379\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08.77\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 29, 2021</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">May 12, 2022</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">May 12, 2025</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">May 11, 2028</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a065,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030.316\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06.86\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 29, 2021</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 2, 2022</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 2, 2025</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 1, 2028</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0212,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a021.868\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09.24\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_52.tr_8.tc_0\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_1\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_2\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_3\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_4\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_5\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_6\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_9.tc_0\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_1\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_2\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_3\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_52.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">Total options</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_4\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_52.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a01,088,507\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_5\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_6\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1063\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1064\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The weighted average price of the shares for the year ended December 31, 2022 is equal to Euro 30.622.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1065\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Personnel costs for the year ended December 31, 2022 include Euro 797 thousand related to the Group's stock option plan. In the income statement for the year ended December 31, 2021 there are costs equal to Euro 479 thousand related to the stock option plan.</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1066\" style=\"font-family: 'Garamond'; font-size: 12pt; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">NOTES TO THE MAIN ITEMS OF THE CONSOLIDATED INCOME STATEMENT</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1067\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Revenues\u00a0</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1068\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page60-p_1069\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_53\" style=\"border-collapse: collapse;width: 5,792in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 241pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_53.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_53.tr_0.tc_0\" style=\"width: 241pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_53.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page60-tbl_53.tr_0.tc_1\" style=\"width: 176pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page60-tbl_53.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page60-tbl_53.tr_1.tc_0\" style=\"width: 241pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_53.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_53.tr_1.tc_1\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2022</p></td><td id=\"v1-page60-tbl_53.tr_1.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2021</p></td></tr><tr id=\"v1-page60-tbl_53.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_2.tc_0\" style=\"width: 241pt;background: #FFFFFF;\"><p id=\"v1-page60-tbl_53.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_2.tc_1\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page60-tbl_53.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_2.tc_2\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page60-tbl_53.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_53.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_3.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division revenues</p></td><td id=\"v1-page60-tbl_53.tr_3.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">131,042</p></td><td id=\"v1-page60-tbl_53.tr_3.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">134,248</p></td></tr><tr id=\"v1-page60-tbl_53.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_4.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division revenues</p></td><td id=\"v1-page60-tbl_53.tr_4.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,728</p></td><td id=\"v1-page60-tbl_53.tr_4.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,216</p></td></tr><tr id=\"v1-page60-tbl_53.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_5.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_5.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_5.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_53.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_6.tc_0\" style=\"width: 241pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total revenues</p></td><td id=\"v1-page60-tbl_53.tr_6.tc_1\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">310,770</p></td><td id=\"v1-page60-tbl_53.tr_6.tc_2\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">313,464</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 11pt;\"><p id=\"v1-page60-p_1070\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1071\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For comments on the evolution of revenues, please refer to the management report.</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1072\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other income</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1073\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page60-p_1074\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_54\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 125,6pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_54.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_54.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_54.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page60-tbl_54.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page60-tbl_54.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_54.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_54.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Reimbursement of costs</p></td><td id=\"v1-page60-tbl_54.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,836\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,598\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page60-tbl_54.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,625\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,373\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Grants</p></td><td id=\"v1-page60-tbl_54.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0187\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0111\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other income</p></td><td id=\"v1-page60-tbl_54.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,648\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,082\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1075\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1076\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Reimbursement of costs\" includes incomes from the re-invoicing of expenses incurred on behalf of customers. The increase for the period is mainly attributable to the contribution of the subsidiary Europa Centro Servizi S.r.l..</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1077\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Services costs</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1078\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1079\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_55\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 202,25pt;line-height: 0px;\"></td><td style=\"width: 133,15pt;line-height: 0px;\"></td><td style=\"width: 133,15pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_55.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_55.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_55.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_55.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page60-tbl_55.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_55.tr_1\" style=\"height: 30pt;\"><td id=\"v1-page60-tbl_55.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_55.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_55.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_55.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_55.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_55.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Marketing expenses</p></td><td id=\"v1-page60-tbl_55.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(49,089)</p></td><td id=\"v1-page60-tbl_55.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(48,956)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Notarial and appraisal services</p></td><td id=\"v1-page60-tbl_55.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(32,888)</p></td><td id=\"v1-page60-tbl_55.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(40,547)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Technical, legal and administrative advice</p></td><td id=\"v1-page60-tbl_55.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(17,216)</p></td><td id=\"v1-page60-tbl_55.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(13,495)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Commission payout</p></td><td id=\"v1-page60-tbl_55.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(6,145)</p></td><td id=\"v1-page60-tbl_55.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,784)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Rental and lease expenses</p></td><td id=\"v1-page60-tbl_55.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,688)</p></td><td id=\"v1-page60-tbl_55.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,064)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Post and courier expenses</p></td><td id=\"v1-page60-tbl_55.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,365)</p></td><td id=\"v1-page60-tbl_55.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,363)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">IT Services</p></td><td id=\"v1-page60-tbl_55.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,030)</p></td><td id=\"v1-page60-tbl_55.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,264)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Utilities and cleaning costs</p></td><td id=\"v1-page60-tbl_55.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,890)</p></td><td id=\"v1-page60-tbl_55.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,399)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Telecommunications</p></td><td id=\"v1-page60-tbl_55.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,372)</p></td><td id=\"v1-page60-tbl_55.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,631)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Travel expenses</p></td><td id=\"v1-page60-tbl_55.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,270)</p></td><td id=\"v1-page60-tbl_55.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(586)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other general expenses</p></td><td id=\"v1-page60-tbl_55.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(8,060)</p></td><td id=\"v1-page60-tbl_55.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(9,546)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_13.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total services costs</p></td><td id=\"v1-page60-tbl_55.tr_13.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(128,013)</p></td><td id=\"v1-page60-tbl_55.tr_13.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(130,635)</p></td></tr></table><p id=\"v1-page61-p_1080\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1081\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Marketing expenses\" refer to activities aimed at increasing the awareness and reputation of the Group and of its brands and to acquire new perspective clients. In particular, these costs mainly include costs for online advertising for Euro 38,441 thousand, including the purchase of keywords and banners, and costs for offline advertising for Euro 8,465 thousand, including the purchase of advertising space on TV, radio and print media..</p><p class=\"heading\" id=\"v1-page61-p_1082\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Notary and appraisal services\" mainly refer to services purchased by the BPO Division and show a significant drop, due to lower business volumes whithn notary services, consistent with the revenue trend.</p><p class=\"heading\" id=\"v1-page61-p_1083\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Technical, legal and administrative advice\" costs refer to expenses incurred for professional advice for legal, financial and fiscal matters, for audit activities, for administrative and operating support, as well as for IT and technology consulting. The increase compared to the previous year is the result of the higher costs of the Group for strategic, financial, fiscal and compliance advice, mainly in relation to the acquisitions in the period. In particular, the item includes one-off costs for legal and financial advice for an amount equal to Euro 2,091 thousand.</p><p class=\"heading\" id=\"v1-page61-p_1084\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Commission payout\" is related in particular to the broking fees paid to the agents of the Money360 network, whose increase is partly due to the higher volumes realized by the subsidiary.</p><p class=\"heading\" id=\"v1-page61-p_1085\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Rental and lease expenses\" include mainly the fees paid by the companies of the Group for software use costs. The increase compared to the previous year is due to the higher software use costs.\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1086\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Postage and delivery charges\" refer mainly to expenses incurred for the shipping of documentation on behalf of the clients of the BPO Division.\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1087\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"IT Services\" refer to the various IT services provided, in order to support the operating activities of subsidiary Agenzia Italia S.p.A..\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1088\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Other general expenses\" include costs of various services, such as administrative and document scanning services used by subsidiary Agenzia Italia S.p.A., for Euro 3,391 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page61-p_1089\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Personnel costs</p></li></ol><p class=\"heading\" id=\"v1-page61-p_1090\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page61-p_1091\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page61-tbl_56\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 222,45pt;line-height: 0px;\"></td><td style=\"width: 123,05pt;line-height: 0px;\"></td><td style=\"width: 123,05pt;line-height: 0px;\"></td></tr><tr id=\"v1-page61-tbl_56.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_56.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_56.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_56.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page61-tbl_56.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_56.tr_1\" style=\"height: 29pt;\"><td id=\"v1-page61-tbl_56.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_56.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page61-tbl_56.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page61-tbl_56.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page61-tbl_56.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_56.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Wages and salaries</p></td><td id=\"v1-page61-tbl_56.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(67,160)</p></td><td id=\"v1-page61-tbl_56.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(60,480)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Social security contributions</p></td><td id=\"v1-page61-tbl_56.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(18,075)</p></td><td id=\"v1-page61-tbl_56.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(15,583)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Professional collaborators and project workers costs</p></td><td id=\"v1-page61-tbl_56.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,610)</p></td><td id=\"v1-page61-tbl_56.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,568)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Directors' compensation</p></td><td id=\"v1-page61-tbl_56.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(5,613)</p></td><td id=\"v1-page61-tbl_56.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(6,203)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Defined benefit program costs</p></td><td id=\"v1-page61-tbl_56.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,635)</p></td><td id=\"v1-page61-tbl_56.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,135)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other costs</p></td><td id=\"v1-page61-tbl_56.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(598)</p></td><td id=\"v1-page61-tbl_56.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(471)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options</p></td><td id=\"v1-page61-tbl_56.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(979)</p></td><td id=\"v1-page61-tbl_56.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(479)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total personnel costs</p></td><td id=\"v1-page61-tbl_56.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(99,670)</p></td><td id=\"v1-page61-tbl_56.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(89,919)</p></td></tr></table><p class=\"heading\" id=\"v1-page61-p_1092\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The increase compared to the previous financial year is mainly due to the growth of the average headcount, due to the enlargement of the consolidation area.</p><p class=\"heading\" id=\"v1-page61-p_1093\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The average headcount is as follows:</p><p id=\"v1-page61-p_1094\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page61-tbl_57\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 232,65pt;line-height: 0px;\"></td><td style=\"width: 106,1pt;line-height: 0px;\"></td><td style=\"width: 106,1pt;line-height: 0px;\"></td></tr><tr id=\"v1-page61-tbl_57.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_57.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page61-tbl_57.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page61-tbl_57.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page61-tbl_57.tr_1.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_1.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2022</p></td><td id=\"v1-page61-tbl_57.tr_1.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2021</p></td></tr><tr id=\"v1-page61-tbl_57.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_2.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Managers</p></td><td id=\"v1-page61-tbl_57.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_3.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a031\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Supervisors</p></td><td id=\"v1-page61-tbl_57.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a089\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_4.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a074\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Employees</p></td><td id=\"v1-page61-tbl_57.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,333\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_5.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,224\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_6\" style=\"height: 19pt;\"><td id=\"v1-page61-tbl_57.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Professional collaborators and project workers</p></td><td id=\"v1-page61-tbl_57.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_6.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a032\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_7.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_8.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Average headcount</p></td><td id=\"v1-page61-tbl_57.tr_8.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,555\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_8.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,361\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_57.tr_9.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_9.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_9.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_10.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Italy</p></td><td id=\"v1-page61-tbl_57.tr_10.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,927\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_10.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,764\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_11.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Romania</p></td><td id=\"v1-page61-tbl_57.tr_11.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0531\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_11.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0459\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_12.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Albania</p></td><td id=\"v1-page61-tbl_57.tr_12.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a093\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_12.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0134\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_13.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Germany</p></td><td id=\"v1-page61-tbl_57.tr_13.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_13.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_14\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_57.tr_14.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_14.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_14.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page61-p_1095\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page61-p_1096\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other operating costs</p></li></ol><p class=\"heading\" id=\"v1-page61-p_1097\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Other operating costs as of December 31, 2022 amount to Euro 11,681 thousand (Euro 10,293 thousand as of December 31, 2021) and mainly include non-deductible VAT costs relating to the financial years ended December 31, 2022 and 2021, respectively equal to Euro 7,511 thousand and Euro 6,971 thousand.</p><p class=\"heading\" id=\"v1-page61-p_1098\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item also includes expenses for the purchase of consumables and minor equipment for Euro 709 thousand (Euro 610 thousand in financial year ended December 31, 2021) and Euro 1,058 thousand relating to provisions (Euro 941 thousand in the financial year ended December 31, 2021).</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page61-p_1099\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Depreciation and amortization</p></li></ol><p class=\"heading\" id=\"v1-page61-p_1100\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page61-p_1101\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page61-tbl_58\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 183,05pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page61-tbl_58.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_58.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page61-tbl_58.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_58.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page61-tbl_58.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_58.tr_1\" style=\"height: 31pt;\"><td id=\"v1-page61-tbl_58.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page61-tbl_58.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page61-tbl_58.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page61-tbl_58.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page61-tbl_58.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_58.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization of intangible assets</p></td><td id=\"v1-page61-tbl_58.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(15,750)</p></td><td id=\"v1-page61-tbl_58.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(14,976)</p></td></tr><tr id=\"v1-page61-tbl_58.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_58.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Depreciation of property, plant and equipment</p></td><td id=\"v1-page61-tbl_58.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(6,276)</p></td><td id=\"v1-page61-tbl_58.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(5,811)</p></td></tr><tr id=\"v1-page61-tbl_58.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_58.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">of which IFRS 16 effect</p></td><td id=\"v1-page61-tbl_58.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,472)</p></td><td id=\"v1-page61-tbl_58.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,205)</p></td></tr><tr id=\"v1-page61-tbl_58.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_58.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total depreciation and amortization</p></td><td id=\"v1-page61-tbl_58.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(22,026)</p></td><td id=\"v1-page61-tbl_58.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(20,787)</p></td></tr></table><p class=\"heading\" id=\"v1-page61-p_1102\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Depreciation and amortization costs in the financial year ended December 31, 2022 includes the amortization costs related to the higher values of the software and trademark following the consolidation of the Lercari Group for Euro 5,320 thousand, the higher values of the software and trademark following the consolidation of SOS Tariffe for Euro 3,247 thousand, the higher value of the customer equity following the consolidation of Europa Centro Servizi S.r.l. for Euro 711 thousand, the higher value of the software following the consolidation of Onda S.r.l., for Euro 723 thousand, and the higher value of the software acquired following the consolidation of Zoorate S.r.l. for Euro 917 thousand.</p><p class=\"heading\" id=\"v1-page61-p_1103\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The increase of the amortization costs of intangible assets is mainly attributable to the higher values of the intangible assets recognized following the completion of the purchase price allocation related to the acquisitions of Europa Centro Servizi S.r.l., Onda S.r.l and Luna Service S.r.l., partially offset by the completion of the amortization of the higher values of the assets recognized following the consolidation of Agenzia Italia S.p.A. and Eagle &amp; Wise Service S.r.l..</p><p class=\"heading\" id=\"v1-page61-p_1104\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The increase of the amortization costs of property, plant and equipment, is due to the higher value of such item, partially attributable to the adoption of the IFRS 16 accounting standard.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page61-p_1105\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Net financial income</p></li></ol><p class=\"heading\" id=\"v1-page61-p_1106\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page61-p_1107\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page61-tbl_59\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 183,05pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page61-tbl_59.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_59.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page61-tbl_59.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page61-tbl_59.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_59.tr_1\" style=\"height: 34pt;\"><td id=\"v1-page61-tbl_59.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page61-tbl_59.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page61-tbl_59.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page61-tbl_59.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Financial income</p></td><td id=\"v1-page61-tbl_59.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0356\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0469\u00a0</p></td></tr><tr id=\"v1-page61-tbl_59.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income/(losses) from participations</p></td><td id=\"v1-page61-tbl_59.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a046\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(78)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income from acquisition of control</p></td><td id=\"v1-page61-tbl_59.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,079)</p></td><td id=\"v1-page61-tbl_59.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,752)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other financial expenses</p></td><td id=\"v1-page61-tbl_59.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(143)</p></td><td id=\"v1-page61-tbl_59.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(104)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Dividends paid to third-party shareholders</p></td><td id=\"v1-page61-tbl_59.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(465)</p></td><td id=\"v1-page61-tbl_59.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(465)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Implicit interest cost on defined benefit program liability</p></td><td id=\"v1-page61-tbl_59.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(182)</p></td><td id=\"v1-page61-tbl_59.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(58)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income/(losses) from financial assets/liabilities</p></td><td id=\"v1-page61-tbl_59.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,690\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,783)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net financial income/(loss)</p></td><td id=\"v1-page61-tbl_59.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(777)</p></td><td id=\"v1-page61-tbl_59.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,771)</p></td></tr></table><p id=\"v1-page62-p_1108\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page62-p_1109\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial income mainly includes the interest income accrued in the period from the use of Group's available liquidity.\u00a0</p><p class=\"heading\" id=\"v1-page62-p_1110\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Gains from participations refers to the evaluation with the equity method of the participations in the associated companies CFN Generale Fiduciaria S.p.A. and GSA S.r.l..</p><p class=\"heading\" id=\"v1-page62-p_1111\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Interest expense - borrowings\" mainly includes Euro 3,916 thousand for the interest expenses on bank loans, increasing compared to the previous year, as a result of the higher outstanding loans and the higher interest rates on variable-rate loans.</p><p class=\"heading\" id=\"v1-page62-p_1112\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other financial expenses\" includes Euro 143 thousand related to the accounting of the right of use in relation to rental buildings, according to IFRS 16.</p><p class=\"heading\" id=\"v1-page62-p_1113\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Dividends paid to third-party shareholders refer to the dividend paid by Agenzia Italia S.p.A. to third-party shareholders for Euro 465 thousand.</p><p class=\"heading\" id=\"v1-page62-p_1114\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Income/(Losses) from financial assets/liabilities\" mainly includes the dividends received from Moneysupermarket.com Group PLC for Euro 3,450 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1115\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Income tax expense</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1116\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page62-p_1117\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page62-tbl_60\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 183,05pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page62-tbl_60.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page62-tbl_60.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page62-tbl_60.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page62-tbl_60.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page62-tbl_60.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page62-tbl_60.tr_1\" style=\"height: 29pt;\"><td id=\"v1-page62-tbl_60.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page62-tbl_60.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page62-tbl_60.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page62-tbl_60.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page62-tbl_60.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page62-tbl_60.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current income taxes</p></td><td id=\"v1-page62-tbl_60.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,299)</p></td><td id=\"v1-page62-tbl_60.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,241)</p></td></tr><tr id=\"v1-page62-tbl_60.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_60.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income/(losses) from deferred tax assets</p></td><td id=\"v1-page62-tbl_60.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(6,937)</p></td><td id=\"v1-page62-tbl_60.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(36,113)</p></td></tr><tr id=\"v1-page62-tbl_60.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_60.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Income tax expense</p></td><td id=\"v1-page62-tbl_60.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(18,236)</p></td><td id=\"v1-page62-tbl_60.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(47,354)</p></td></tr></table><p id=\"v1-page62-p_1118\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page62-p_1119\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Current income taxes\" item includes IRES taxes for Euro 8,756 thousand, and IRAP taxes for Euro 2,543 thousand.\u00a0</p><p id=\"v1-page62-p_1120\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page62-p_1120.r_0\" style=\"font-family: 'Garamond';\">The \"Income/(losses) from deferred tax assets\" item mainly includes the utilization of the period of the deferred tax assets related to the higher value of assets revaluated during 2020, for Euro 6,583</span><span id=\"v1-page62-p_1120.r_13\" style=\"font-size: 11pt;\">\u00a0</span><span id=\"v1-page62-p_1120.r_14\" style=\"font-family: 'Garamond';\">thousand. We point out that the item as of December 31, 2021 also included the write down of deferred tax assets on trademarks (amounting to Euro 28,801 thousand).</span></p><p class=\"heading\" id=\"v1-page62-p_1121\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The reconciliation between the theoretical tax rate and the effective tax rate for the years ended December 31, 2022 and 2021 is provided in the following table:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page62-tbl_61\" style=\"border-collapse: collapse;width: 6,667in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 279pt;line-height: 0px;\"></td><td style=\"width: 96pt;line-height: 0px;\"></td><td style=\"width: 105pt;line-height: 0px;\"></td></tr><tr id=\"v1-page62-tbl_61.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page62-tbl_61.tr_0.tc_0\" style=\"width: 279pt;border-top: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page62-tbl_61.tr_0.tc_1\" style=\"width: 201pt;border-top: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page62-tbl_61.tr_1\" style=\"height: 31pt;\"><td id=\"v1-page62-tbl_61.tr_1.tc_0\" style=\"width: 279pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page62-tbl_61.tr_1.tc_1\" style=\"width: 96pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page62-tbl_61.tr_1.tc_2\" style=\"width: 105pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page62-tbl_61.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_2.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_2.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_2.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_2.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_2.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_3.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Corporate income tax (IRES)</p></td><td id=\"v1-page62-tbl_61.tr_3.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_3.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_3.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_4.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Theoretical tax rate</p></td><td id=\"v1-page62-tbl_61.tr_4.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">24.0%</p></td><td id=\"v1-page62-tbl_61.tr_4.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">24.0%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_5.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences due to costs non-deductible for IRES</p></td><td id=\"v1-page62-tbl_61.tr_5.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.7%</p></td><td id=\"v1-page62-tbl_61.tr_5.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.6%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_6.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences of the tax rate on foreign company income</p></td><td id=\"v1-page62-tbl_61.tr_6.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">0.0%</p></td><td id=\"v1-page62-tbl_61.tr_6.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-0.1%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_7.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Impact of the tax benefits</p></td><td id=\"v1-page62-tbl_61.tr_7.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-13.3%</p></td><td id=\"v1-page62-tbl_61.tr_7.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-5.4%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_8.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Deferred tax assets DL 104/2020 art. 110</p></td><td id=\"v1-page62-tbl_61.tr_8.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10.1%</p></td><td id=\"v1-page62-tbl_61.tr_8.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">39.4%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_9.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page62-tbl_61.tr_9.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">0.0%</p></td><td id=\"v1-page62-tbl_61.tr_9.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-0.3%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_10.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_10.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_10.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_10.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_10.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_11.tc_0\" style=\"width: 279pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Effective IRES tax rate</p></td><td id=\"v1-page62-tbl_61.tr_11.tc_1\" style=\"width: 96pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">24.5%</p></td><td id=\"v1-page62-tbl_61.tr_11.tc_2\" style=\"width: 105pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">61.2%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page62-tbl_61.tr_12.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_12.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_12.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_12.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_12.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_13.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Regional income tax (IRAP)</p></td><td id=\"v1-page62-tbl_61.tr_13.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_13.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_13.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_14.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Theoretical tax rate</p></td><td id=\"v1-page62-tbl_61.tr_14.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.9%</p></td><td id=\"v1-page62-tbl_61.tr_14.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.7%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_15.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences due to costs non-deductible for IRAP</p></td><td id=\"v1-page62-tbl_61.tr_15.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2.7%</p></td><td id=\"v1-page62-tbl_61.tr_15.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.9%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_16.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Impact of the tax benefits</p></td><td id=\"v1-page62-tbl_61.tr_16.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-4.8%</p></td><td id=\"v1-page62-tbl_61.tr_16.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-4.6%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_17.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Deferred tax assets DL 104/2020 art. 110</p></td><td id=\"v1-page62-tbl_61.tr_17.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1.6%</p></td><td id=\"v1-page62-tbl_61.tr_17.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.4%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_18\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_18.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page62-tbl_61.tr_18.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-0.1%</p></td><td id=\"v1-page62-tbl_61.tr_18.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_18.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">0.0%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_19\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_19.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_19.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_19.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_19.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_19.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_20\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_20.tc_0\" style=\"width: 279pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_20.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Effective IRAP tax rate</p></td><td id=\"v1-page62-tbl_61.tr_20.tc_1\" style=\"width: 96pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_20.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">3.3%</p></td><td id=\"v1-page62-tbl_61.tr_20.tc_2\" style=\"width: 105pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_20.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">11.4%</p></td></tr></table><p id=\"v1-page62-p_1122\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1123\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Potential liabilities</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1124\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition to what described in the previous notes, we do not recognize any further potential liability.</p><p class=\"heading\" id=\"v1-page62-p_1125\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With reference to the preliminary investigation proceedings started on May 11, 2021 by the Italian Antitrust Authority against the subsidiary CercAssicurazioni.it S.r.l., the other insurance comparators and the main direct insurance companies operating in Italy, aimed at ascertaining whether the companies that offer price comparison services and the insurance companies involved in the proceedings have entered into an agreement that restricts competition by exchanging sensitive information on the economic conditions of direct sales of third-party motor liability policies, we point out that on May 10, 2022 the Authority closed the proceedings without finding infringements and accepted the commitments presented by CercAssicurazioni.it S.r.l. and the other parties involved in the proceedings.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1126\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Classes of financial assets and liabilities</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1127\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the balance sheet as of December 31, 2022 financial assets and liabilities are classified as follows:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page62-p_1128\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash and cash equivalents for Euro 269,647 thousand (Euro 165,857 thousand in 2021);</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page62-p_1129\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Loans and trade receivables for Euro 124,011 thousand (Euro 109,925 thousand in 2021).</p></li></ul><p class=\"heading\" id=\"v1-page63-p_1130\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the financial liabilities recorded in the balance sheet as of December 31, 2022 and 2021 are stated at amortized cost, except the earn outs, measured at fair value (category 3). The method for the assessment at fair value of these liabilities is based on the income approach. The incomes deriving from the measurement of these liabilities recorded in the income statement for the financial year ended December 31, 2022, is equal to Euro 236 thousand.</p><p id=\"v1-page63-p_1131\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page63-p_1131.r_0\" style=\"font-family: 'Garamond';\">Among financial assets as of December 31, 2022 are the shares of Moneysupermarket.com Group PLC (Euro 95,448 thousand), measured at fair value (category 1) through OCI, and the\u00a0</span><span id=\"v1-page63-p_1131.r_20\" style=\"font-size: 11pt;\">notes</span><span id=\"v1-page63-p_1131.r_21\" style=\"font-family: 'Garamond';\">\u00a0of the \"Igloo\" securitization (Euro 4,737 thousand) measured at fair value (category 2) through profit and loss, and insurance and investment products attributable to some companies of the Group (Euro 2,768 thousand) measured at fair value (category 2) through profit and loss.\u00a0</span></p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page63-p_1132\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Related parties</p></li></ol><p class=\"heading\" id=\"v1-page63-p_1133\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Related party transactions, including intra-group transactions, are part of the ordinary business operations of the Group, and do not include any unusual or atypical transactions.</p><p class=\"heading\" id=\"v1-page63-p_1134\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Compensation paid to the members of the governing and controlling bodies, general managers and managers with strategic responsibilities\u00a0</p><p class=\"heading\" id=\"v1-page63-p_1135\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 12pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table shows the compensation paid to the members of the governing and controlling bodies, general managers and managers with strategic responsibilities in the year ended December 31, 2022:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page63-tbl_62\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 85,85pt;line-height: 0px;\"></td><td style=\"width: 123,4pt;line-height: 0px;\"></td><td style=\"width: 33,85pt;line-height: 0px;\"></td><td style=\"width: 41,5pt;line-height: 0px;\"></td><td style=\"width: 25,4pt;line-height: 0px;\"></td><td style=\"width: 54,85pt;line-height: 0px;\"></td><td style=\"width: 38,05pt;line-height: 0px;\"></td><td style=\"width: 40,75pt;line-height: 0px;\"></td><td style=\"width: 25,4pt;line-height: 0px;\"></td></tr><tr id=\"v1-page63-tbl_62.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page63-tbl_62.tr_0.tc_0\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Name</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_1\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Office</p></td><td colspan=\"2\" id=\"v1-page63-tbl_62.tr_0.tc_2\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Holding period of the office</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_4\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Term of the office</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_5\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Compensation for the office</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_6\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Non-<br/>monetary benefits</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_7\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Bonus and other incentives</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_8\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Other</p></td></tr><tr id=\"v1-page63-tbl_62.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page63-tbl_62.tr_1.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">From</p></td><td id=\"v1-page63-tbl_62.tr_1.tc_3\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">To</p></td></tr><tr id=\"v1-page63-tbl_62.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page63-tbl_62.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_5\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_6\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_7\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_8\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page63-tbl_62.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Marco Pescarmona</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Chairman</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">400</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">240</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">201</p></td></tr><tr id=\"v1-page63-tbl_62.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Alessandro Fracassi</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CEO</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">400</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">14</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">240</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">198</p></td></tr><tr id=\"v1-page63-tbl_62.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Anna Maria Artoni</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">38</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Giulia Bianchi Frangipane</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">37</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Fausto Boni</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_8.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Chiara Burberi</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">40</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_9.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Matteo De Brabant</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">35</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_10.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Klaus Gummerer</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">31</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_11.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Valeria Lattuada</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">37</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_12.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Marco Zampetti</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">92</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_13.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stefano Gnocchi</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Chairman of the board of st. aud.</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_14.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Paolo Burlando</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Statutory auditor</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2023 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">47</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_15.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Francesca Masotti</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Statutory auditor</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2023 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">39</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_16.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Alessio Santarelli</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Manager with strategic responsibilities</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">N/A</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">16</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">200</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">361</p></td></tr><tr id=\"v1-page63-tbl_62.tr_17\" style=\"height: 14pt;\"><td id=\"v1-page63-tbl_62.tr_17.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_3\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_4\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_5\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_6\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_7\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_8\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-body-tag4055965": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_526\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">General information</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_527\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Gruppo MutuiOnline\u00a0S.p.A.\u00a0(the \"<span id=\"v1-page37-p_527.r_4\" style=\"font-weight: bold;\">Company</span>\" or the \"<span id=\"v1-page37-p_527.r_8\" style=\"font-weight: bold;\">Issuer</span>\") is the holding company of a group of firms \u00a0(the \"<span id=\"v1-page37-p_527.r_14\" style=\"font-weight: bold;\">Group</span>\") with an important position in the Italian market for the online comparison, promotion and intermediation of products provided by financial institutions, e-commerce operators and utilities providers (main websites www.mutuionline.it, www.prestitionline.it, www.segugio.it<span id=\"v1-page37-p_527.r_29\" style=\"color: #0000FF; text-decoration: underline;\">,\u00a0</span>\u00a0www.trovaprezzi.it<span id=\"v1-page37-p_527.r_32\" style=\"color: #auto;\">\u00a0and\u00a0</span>www.sostariffe.it) and in the Italian market for the provision of complex business process outsourcing services for the financial sector. Since February 2023, the Group also has a significant position in the Spanish, French and Mexican markets for online comparison and intermediation mainly of insurance products.</p></li></ol><p class=\"heading\" id=\"v1-page37-p_528\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">This consolidated annual report, including the consolidated statement of financial position, consolidated comprehensive income statement, consolidated statement of cash flows and consolidated statement of changes in shareholders' equity as of and for the year ended December 31, 2022 and the relevant notes, has been prepared in accordance with IFRS issued by the International Accounting Standard Board (\"<span id=\"v1-page37-p_528.r_17\" style=\"font-weight: bold;\">IASB</span>\") and the related interpretations SIC/IFRIC, adopted by the European Commission. Besides it has been prepared in accordance with CONSOB resolutions No. 15519 and No. 15520 dated July 27, 2006, with ESMA orientation 32-382-1138 of March 4, 2021, with the guidance Consob n. 5/21 of April 29, 2021, and with art. 149-<span id=\"v1-page37-p_528.r_28\" style=\"font-style: italic;\">duodecies</span>\u00a0of the Issuer Regulations.\u00a0</p><p class=\"heading\" id=\"v1-page37-p_529\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS should be understood as the International Financial Reporting Standards, the International Accounting Standards (\"<span id=\"v1-page37-p_529.r_2\" style=\"font-weight: bold;\">IAS</span>\"), the interpretations of the International Financial Reporting Interpretation Committee (\"<span id=\"v1-page37-p_529.r_5\" style=\"font-weight: bold;\">IFRIC</span>\"), previously denominated Standing Interpretations Committee (\"<span id=\"v1-page37-p_529.r_7\" style=\"font-weight: bold;\">SIC</span>\"), as adopted by the European Commission as of December 31, 2022 and published in the EU regulations as of this date.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_530\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, the IFRS have been consistently applied to all the periods presented.</p></li></ol><p class=\"heading\" id=\"v1-page37-p_531\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group has elected the \"non-current/current\" presentation for the statement of financial position, the presentation of costs by nature for the income statement, the comprehensive income statements and\u00a0the indirect method for the preparation of the statement of cash flows.</p><p class=\"heading\" id=\"v1-page37-p_532\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The statement of changes in shareholders' equity was prepared according with IAS 1.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_533\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">These consolidated financial statements have been prepared in Euro, the currency of the primary economic environment in which the Group operates.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_534\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the amounts included in the tables of the following notes are in thousands of Euros, except where otherwise stated.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_535\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">These consolidated financial statements have been prepared according to the going concern assumption, due to the economic and financial results achieved.</p></li></ol><p class=\"heading\" id=\"v1-page37-p_536\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Board of Directors approved the publication of the present document on March 15, 2023.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-body-tag4055968": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_527\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Gruppo MutuiOnline\u00a0S.p.A.\u00a0(the \"<span id=\"v1-page37-p_527.r_4\" style=\"font-weight: bold;\">Company</span>\" or the \"<span id=\"v1-page37-p_527.r_8\" style=\"font-weight: bold;\">Issuer</span>\") is the holding company of a group of firms \u00a0(the \"<span id=\"v1-page37-p_527.r_14\" style=\"font-weight: bold;\">Group</span>\") with an important position in the Italian market for the online comparison, promotion and intermediation of products provided by financial institutions, e-commerce operators and utilities providers (main websites www.mutuionline.it, www.prestitionline.it, www.segugio.it<span id=\"v1-page37-p_527.r_29\" style=\"color: #0000FF; text-decoration: underline;\">,\u00a0</span>\u00a0www.trovaprezzi.it<span id=\"v1-page37-p_527.r_32\" style=\"color: #auto;\">\u00a0and\u00a0</span>www.sostariffe.it) and in the Italian market for the provision of complex business process outsourcing services for the financial sector. Since February 2023, the Group also has a significant position in the Spanish, French and Mexican markets for online comparison and intermediation mainly of insurance products.</p></li></ol><p class=\"heading\" id=\"v1-page37-p_528\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">This consolidated annual report, including the consolidated statement of financial position, consolidated comprehensive income statement, consolidated statement of cash flows and consolidated statement of changes in shareholders' equity as of and for the year ended December 31, 2022 and the relevant notes, has been prepared in accordance with IFRS issued by the International Accounting Standard Board (\"<span id=\"v1-page37-p_528.r_17\" style=\"font-weight: bold;\">IASB</span>\") and the related interpretations SIC/IFRIC, adopted by the European Commission. Besides it has been prepared in accordance with CONSOB resolutions No. 15519 and No. 15520 dated July 27, 2006, with ESMA orientation 32-382-1138 of March 4, 2021, with the guidance Consob n. 5/21 of April 29, 2021, and with art. 149-<span id=\"v1-page37-p_528.r_28\" style=\"font-style: italic;\">duodecies</span>\u00a0of the Issuer Regulations.\u00a0</p><p class=\"heading\" id=\"v1-page37-p_529\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS should be understood as the International Financial Reporting Standards, the International Accounting Standards (\"<span id=\"v1-page37-p_529.r_2\" style=\"font-weight: bold;\">IAS</span>\"), the interpretations of the International Financial Reporting Interpretation Committee (\"<span id=\"v1-page37-p_529.r_5\" style=\"font-weight: bold;\">IFRIC</span>\"), previously denominated Standing Interpretations Committee (\"<span id=\"v1-page37-p_529.r_7\" style=\"font-weight: bold;\">SIC</span>\"), as adopted by the European Commission as of December 31, 2022 and published in the EU regulations as of this date.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_530\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, the IFRS have been consistently applied to all the periods presented.</p></li></ol><p class=\"heading\" id=\"v1-page37-p_531\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group has elected the \"non-current/current\" presentation for the statement of financial position, the presentation of costs by nature for the income statement, the comprehensive income statements and\u00a0the indirect method for the preparation of the statement of cash flows.</p><p class=\"heading\" id=\"v1-page37-p_532\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The statement of changes in shareholders' equity was prepared according with IAS 1.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_533\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">These consolidated financial statements have been prepared in Euro, the currency of the primary economic environment in which the Group operates.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_534\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the amounts included in the tables of the following notes are in thousands of Euros, except where otherwise stated.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_535\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">These consolidated financial statements have been prepared according to the going concern assumption, due to the economic and financial results achieved.</p></li></ol><p class=\"heading\" id=\"v1-page37-p_536\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Board of Directors approved the publication of the present document on March 15, 2023.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-p_527-tag4055966": {
   "value": "Gruppo MutuiOnline\u00a0S.p.A.\u00a0(the \"Company\" or the \"Issuer\") is the holding company of a group of firms \u00a0(the \"Group\") with an important position in the Italian market for the online comparison, promotion and intermediation of products provided by financial institutions, e-commerce operators and utilities providers (main websites www.mutuionline.it, www.prestitionline.it, www.segugio.it,\u00a0\u00a0www.trovaprezzi.it\u00a0and\u00a0www.sostariffe.it) and in the Italian market for the provision of complex business process outsourcing services for the financial sector. Since February 2023, the Group also has a significant position in the Spanish, French and Mexican markets for online comparison and intermediation mainly of insurance products.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-p_527-tag4052854": {
   "value": "Gruppo MutuiOnline\u00a0S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-p_527-tag4052855": {
   "value": "Gruppo MutuiOnline\u00a0S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-p_527-tag4055967": {
   "value": "S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-body-tag4055971": {
   "value": "<p class=\"heading\" id=\"v1-page37-p_528\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">This consolidated annual report, including the consolidated statement of financial position, consolidated comprehensive income statement, consolidated statement of cash flows and consolidated statement of changes in shareholders' equity as of and for the year ended December 31, 2022 and the relevant notes, has been prepared in accordance with IFRS issued by the International Accounting Standard Board (\"<span id=\"v1-page37-p_528.r_17\" style=\"font-weight: bold;\">IASB</span>\") and the related interpretations SIC/IFRIC, adopted by the European Commission. Besides it has been prepared in accordance with CONSOB resolutions No. 15519 and No. 15520 dated July 27, 2006, with ESMA orientation 32-382-1138 of March 4, 2021, with the guidance Consob n. 5/21 of April 29, 2021, and with art. 149-<span id=\"v1-page37-p_528.r_28\" style=\"font-style: italic;\">duodecies</span>\u00a0of the Issuer Regulations.\u00a0</p><p class=\"heading\" id=\"v1-page37-p_529\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS should be understood as the International Financial Reporting Standards, the International Accounting Standards (\"<span id=\"v1-page37-p_529.r_2\" style=\"font-weight: bold;\">IAS</span>\"), the interpretations of the International Financial Reporting Interpretation Committee (\"<span id=\"v1-page37-p_529.r_5\" style=\"font-weight: bold;\">IFRIC</span>\"), previously denominated Standing Interpretations Committee (\"<span id=\"v1-page37-p_529.r_7\" style=\"font-weight: bold;\">SIC</span>\"), as adopted by the European Commission as of December 31, 2022 and published in the EU regulations as of this date.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_530\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, the IFRS have been consistently applied to all the periods presented.</p></li></ol><p class=\"heading\" id=\"v1-page37-p_531\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group has elected the \"non-current/current\" presentation for the statement of financial position, the presentation of costs by nature for the income statement, the comprehensive income statements and\u00a0the indirect method for the preparation of the statement of cash flows.</p><p class=\"heading\" id=\"v1-page37-p_532\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The statement of changes in shareholders' equity was prepared according with IAS 1.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_533\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">These consolidated financial statements have been prepared in Euro, the currency of the primary economic environment in which the Group operates.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_534\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the amounts included in the tables of the following notes are in thousands of Euros, except where otherwise stated.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_535\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">These consolidated financial statements have been prepared according to the going concern assumption, due to the economic and financial results achieved.</p></li></ol><p class=\"heading\" id=\"v1-page37-p_536\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Board of Directors approved the publication of the present document on March 15, 2023.</p>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "v1-page37-body-tag4055969": {
   "value": "<p class=\"heading\" id=\"v1-page37-p_528\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">This consolidated annual report, including the consolidated statement of financial position, consolidated comprehensive income statement, consolidated statement of cash flows and consolidated statement of changes in shareholders' equity as of and for the year ended December 31, 2022 and the relevant notes, has been prepared in accordance with IFRS issued by the International Accounting Standard Board (\"<span id=\"v1-page37-p_528.r_17\" style=\"font-weight: bold;\">IASB</span>\") and the related interpretations SIC/IFRIC, adopted by the European Commission. Besides it has been prepared in accordance with CONSOB resolutions No. 15519 and No. 15520 dated July 27, 2006, with ESMA orientation 32-382-1138 of March 4, 2021, with the guidance Consob n. 5/21 of April 29, 2021, and with art. 149-<span id=\"v1-page37-p_528.r_28\" style=\"font-style: italic;\">duodecies</span>\u00a0of the Issuer Regulations.\u00a0</p><p class=\"heading\" id=\"v1-page37-p_529\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS should be understood as the International Financial Reporting Standards, the International Accounting Standards (\"<span id=\"v1-page37-p_529.r_2\" style=\"font-weight: bold;\">IAS</span>\"), the interpretations of the International Financial Reporting Interpretation Committee (\"<span id=\"v1-page37-p_529.r_5\" style=\"font-weight: bold;\">IFRIC</span>\"), previously denominated Standing Interpretations Committee (\"<span id=\"v1-page37-p_529.r_7\" style=\"font-weight: bold;\">SIC</span>\"), as adopted by the European Commission as of December 31, 2022 and published in the EU regulations as of this date.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_530\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, the IFRS have been consistently applied to all the periods presented.</p></li></ol><p class=\"heading\" id=\"v1-page37-p_531\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group has elected the \"non-current/current\" presentation for the statement of financial position, the presentation of costs by nature for the income statement, the comprehensive income statements and\u00a0the indirect method for the preparation of the statement of cash flows.</p><p class=\"heading\" id=\"v1-page37-p_532\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The statement of changes in shareholders' equity was prepared according with IAS 1.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_533\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">These consolidated financial statements have been prepared in Euro, the currency of the primary economic environment in which the Group operates.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_534\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the amounts included in the tables of the following notes are in thousands of Euros, except where otherwise stated.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_535\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">These consolidated financial statements have been prepared according to the going concern assumption, due to the economic and financial results achieved.</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_568\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Accounting policies</p></li></ol><p class=\"heading\" id=\"v1-page39-p_569\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The consolidated financial statements are prepared at cost, with the exception of items specifically described in the following notes, for which the measurement at fair value is adopted. The fair value is the price at which an asset could be exchanged, or a liability discharged. between knowledgeable, willing parties in an arm's length transaction.</p><p class=\"heading\" id=\"v1-page39-p_570\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 13 provides for a hierarchy of fair value which classifies on three levels the inputs for the assessment adopted to evaluate fair value. The hierarchy of fair value gives the highest priority to quoted prices (not adjusted) on active markets for the same assets and liabilities (data of Level 1) and the lowest priority to unobservable inputs (data of Level 3).\u00a0</p><p class=\"heading\" id=\"v1-page39-p_571\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Level 1 inputs are quoted prices (not adjusted) for the same assets and liabilities on active markets, which the entity may access as of the assessment date.</p><p class=\"heading\" id=\"v1-page39-p_572\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Level 2 inputs are inputs different from the quoted prices included in Level 1 which can be observed directly or indirectly for the asset or the liability.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_573\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Level inputs 3 are unobservable inputs for the asset or the liability.</p><p class=\"heading\" id=\"v1-page39-p_574\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Receivables are derecognized if the right to receive the cash flows has been transferred or when the entity no longer controls such financial assets.</p><p class=\"heading\" id=\"v1-page39-p_575\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Payables are derecognized only when they are settled or the specific obligation is met or canceled or expired.</p><p class=\"heading\" id=\"v1-page39-p_576\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The principal accounting policies are set out below.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-p_531-tag4055972": {
   "value": "the indirect method for the preparation of the statement of cash flows.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-body-tag4055973": {
   "value": "<p class=\"heading\" id=\"v1-page37-p_536\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Board of Directors approved the publication of the present document on March 15, 2023.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page37-body-tag4055974": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page37-p_537\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Basis of preparation of the consolidated financial statements</p></li></ol><p class=\"heading\" id=\"v1-page37-p_538\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following consolidation procedures have been applied in the preparation of the consolidated financial statements as of and for the year ended December 31, 2022.</p><p class=\"heading\" id=\"v1-page37-p_539\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The consolidated financial statements of the Group include the financial statements of Gruppo MutuiOnline S.p.A. and its subsidiaries, over which the Company exercises direct or indirect control and the value measured with the equity method of joint ventures and of associated companies. Subsidiaries are consolidated from the date when control is acquired until the date when it ceases. Control is connected with the ongoing existence of all the following conditions:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_540\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">power over the investee;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_541\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the possibility of achieving a return resulting from ownership of the investment;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_542\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the investor's ability to use its power over the investee to affect the amount of its return.</p></li></ul><p class=\"heading\" id=\"v1-page38-p_543\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The existence of potential voting rights exercisable, if substantial, at the reporting date is also taken into consideration for the purposes of determining control.</p><p class=\"heading\" id=\"v1-page38-p_544\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Furthermore, it is worth pointing out that once control of an entity is obtained, transactions, in which further minority interests are acquired or sold, without modifying the control exercised on the subsidiary, are considered transactions with the shareholders and therefore should be recorded as equity transactions, without recording any effect in the comprehensive income statement. Subsidiaries are consolidated on a line-by-line basis. The criteria adopted for consolidation on a line-by-line basis are:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_545\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the assets and liabilities, income and expenses of the entirely consolidated entities are taken line by line, attributing to minority interest the portion of the shareholders' equity and net income for the year due to it; this portion is disclosed separately in the consolidated statement of financial position and consolidated comprehensive income statement;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_546\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page38-p_546.r_0\" style=\"font-family: 'Garamond';\">the purchase method of accounting is used to account for the acquisition of subsidiaries by the Group. The cost of an acquisition is measured as the fair value of the assets acquired, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the acquisition. Assets, liabilities and possible liabilities acquired are booked at the fair value at the date of the acquisition. The excess of the cost of acquisition over the fair value of the Group's share of the identifiable net assets acquired is recognized as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the income statement, after an audit of the correct measurement of the fair value of the assets and the liabilities acquired and of the cost of acquisition.</span><span id=\"v1-page38-p_546.r_10\" style=\"font-size: 11pt;\">\u00a0</span><span id=\"v1-page38-p_546.r_11\" style=\"font-family: 'Garamond';\">Business combinations between entities under \"common control\" are accounted for with the pooling of interest method, thus recognizing assets and liabilities of the acquired entity without fair value adjustments, but adjusted for eventual differences of accounting standards used and IFRS;</span></p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_547\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">inter-company transactions and balances, as well as the relevant tax effects, are eliminated. Significant unrealized inter-company gains and losses are eliminated; as an exception, unrealized losses are not eliminated when they provide evidence for impairment of the asset transferred;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page38-p_548\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">gains and losses from the disposal of investments in subsidiaries are recognized in the income statement for an amount equal to the difference between the sale price and the net assets of the investment.</p></li></ul><p class=\"heading\" id=\"v1-page38-p_549\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A joint venture is an arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.</p><p class=\"heading\" id=\"v1-page38-p_550\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Associated companies are companies, which are neither subsidiaries nor joint-ventures, on which the Issuer exercises a significant influence. Significant influence is presumed when the Issuer owns, directly or indirectly, more than 20% of the ordinary share capital of a company.</p><p class=\"heading\" id=\"v1-page38-p_551\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Joint ventures and associated companies are evaluated with the equity method.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page38-body-tag4058211": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page38-p_552\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Scope of consolidation</p></li></ol><p class=\"heading\" id=\"v1-page38-p_553\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The consolidation area includes all the entities on which the Issuer exercises control, directly or indirectly, and the companies on which the Issuer exercises a significant influence.\u00a0</p><p class=\"heading\" id=\"v1-page38-p_554\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The controlled and associated entities as of December 31, 2022 are:</p><p id=\"v1-page38-p_555\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page38-tbl_7\" style=\"border-collapse: collapse;width: 7,139in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 192,2pt;line-height: 0px;\"></td><td style=\"width: 126,25pt;line-height: 0px;\"></td><td style=\"width: 62,5pt;line-height: 0px;\"></td><td style=\"width: 80,35pt;line-height: 0px;\"></td><td style=\"width: 62,05pt;line-height: 0px;\"></td></tr><tr id=\"v1-page38-tbl_7.tr_0\" style=\"height: 42pt;\"><td id=\"v1-page38-tbl_7.tr_0.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Name</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Registered office</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Share capital (Euro)\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Consolidation method</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">% of ownership</p></td></tr><tr id=\"v1-page38-tbl_7.tr_1\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_1.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo MutuiOnline S.p.A. (holding)</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan\u00a0(Italy)</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a01,012,354\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Holding</p></td></tr><tr id=\"v1-page38-tbl_7.tr_2\" style=\"height: 19pt;\"><td id=\"v1-page38-tbl_7.tr_2.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">65Plus S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a075,416\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">72%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_3\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_3.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">7Pixel S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,500\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_4\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_4.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Above Comparison S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_5\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_5.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Agenzia Italia S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Conegliano (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">84.5%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_6\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_6.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Centro Finanziamenti S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a02,000,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_7\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_7.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Centro Istruttorie S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0500,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_8\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_8.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Centro Servizi Asset Mangement S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_9\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_9.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CercAssicurazioni.it S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_10\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_10.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Lercari Motor S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_11\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_11.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle &amp; Wise Service S.r.l.\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0400,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_12\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_12.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle Agency S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_13\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_13.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">EuroServizi per i Notai S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">60%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_14\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_14.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Europa Centro Servizi S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_15\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_15.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Finprom S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Arad (Romania)</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,618\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_16\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_16.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Finprom Insurance S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Arad (Romania)</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_17\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_17.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Forensic Experts S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Bologna (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">51%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_18\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_18.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Global Care S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_19\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_19.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo Lercari S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Genoa (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0759,597\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">50%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_20\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_20.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Incomparable S.a.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a012,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_21\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_21.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Innovazione Finanziaria SIM S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a02,000,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_22\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_22.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Klikkapromo S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_23\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_23.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Lercari S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0500,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_24\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_24.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Lercari International Ltd*</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">London (UK)</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a011,233\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_25\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_25.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Luna Service S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a012,500\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_26\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_26.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">MOL BPO S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_27\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_27.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Money360.it S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0120,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_28\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_28.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">MutuiOnline S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a01,000,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_29\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_29.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Onda S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Lucca (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a070,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_30\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_30.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">PP&amp;E S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_31\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_31.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Quinservizi S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0150,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_32\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_32.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Resolution and service S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Ponte Buggianese (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_33\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_33.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">San Filippo S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Genoa (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_34\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_34.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Segugio.it S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_35\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_35.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Service Lercari S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Genoa (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_36\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_36.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SOS Tariffe S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_37\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_37.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Sovime S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,500\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_38\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_38.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Surf S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Ponte Buggianese (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_39\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_39.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trebi Generalconsult S.r.l.**</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_40\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_40.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Zoorate S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0415,654\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">92%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_41\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_41.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Fiduciaria S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0200,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">35%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_42\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_42.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Servizi Amministrativi S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">35%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_43\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_43.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">LC Servizi S.r.l. in liquidazione*</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,400\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">40%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_44\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_44.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">PrestiPro S.r.l. in liquidazione</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0120,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">50%</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_557\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">\u00a0<span id=\"v1-page39-p_557.r_1\" style=\"font-family: 'Arial'; font-size: 7pt; font-style: italic;\">* the percentage in the table corresponds to the stake held by Gruppo Lercari S.r.l.</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_558\" style=\"color: #000000; font-family: 'Arial'; font-size: 7pt; font-style: italic; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">* the percentage in the table corresponds to the stake held by Agenzia Italia S.p.A.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page38-body-tag4058072": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page38-p_552\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Scope of consolidation</p></li></ol><p class=\"heading\" id=\"v1-page38-p_553\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The consolidation area includes all the entities on which the Issuer exercises control, directly or indirectly, and the companies on which the Issuer exercises a significant influence.\u00a0</p><p class=\"heading\" id=\"v1-page38-p_554\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The controlled and associated entities as of December 31, 2022 are:</p><p id=\"v1-page38-p_555\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page38-tbl_7\" style=\"border-collapse: collapse;width: 7,139in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 192,2pt;line-height: 0px;\"></td><td style=\"width: 126,25pt;line-height: 0px;\"></td><td style=\"width: 62,5pt;line-height: 0px;\"></td><td style=\"width: 80,35pt;line-height: 0px;\"></td><td style=\"width: 62,05pt;line-height: 0px;\"></td></tr><tr id=\"v1-page38-tbl_7.tr_0\" style=\"height: 42pt;\"><td id=\"v1-page38-tbl_7.tr_0.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Name</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Registered office</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Share capital (Euro)\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Consolidation method</p></td><td id=\"v1-page38-tbl_7.tr_0.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">% of ownership</p></td></tr><tr id=\"v1-page38-tbl_7.tr_1\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_1.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo MutuiOnline S.p.A. (holding)</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan\u00a0(Italy)</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a01,012,354\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_1.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Holding</p></td></tr><tr id=\"v1-page38-tbl_7.tr_2\" style=\"height: 19pt;\"><td id=\"v1-page38-tbl_7.tr_2.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">65Plus S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a075,416\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_2.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">72%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_3\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_3.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">7Pixel S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,500\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_3.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_4\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_4.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Above Comparison S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_4.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_5\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_5.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Agenzia Italia S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Conegliano (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_5.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">84.5%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_6\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_6.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Centro Finanziamenti S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a02,000,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_6.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_7\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_7.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Centro Istruttorie S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0500,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_7.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_8\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_8.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Centro Servizi Asset Mangement S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_8.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_9\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_9.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CercAssicurazioni.it S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_9.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_10\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_10.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Lercari Motor S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_10.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_11\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_11.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle &amp; Wise Service S.r.l.\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0400,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_11.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_12\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_12.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle Agency S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_12.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_13\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_13.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">EuroServizi per i Notai S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_13.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">60%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_14\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_14.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Europa Centro Servizi S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_14.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_15\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_15.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Finprom S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Arad (Romania)</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,618\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_15.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_16\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_16.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Finprom Insurance S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Arad (Romania)</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_16.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_17\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_17.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Forensic Experts S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Bologna (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_17.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">51%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_18\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_18.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Global Care S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_18.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_18.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_19\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_19.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo Lercari S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Genoa (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0759,597\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_19.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_19.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">50%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_20\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_20.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Incomparable S.a.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a012,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_20.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_20.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_21\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_21.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Innovazione Finanziaria SIM S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a02,000,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_21.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_21.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_22\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_22.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Klikkapromo S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_22.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_22.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_23\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_23.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Lercari S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0500,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_23.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_23.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_24\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_24.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Lercari International Ltd*</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">London (UK)</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a011,233\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_24.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_24.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_25\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_25.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Luna Service S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a012,500\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_25.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_25.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_26\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_26.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">MOL BPO S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_26.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_26.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_27\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_27.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Money360.it S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0120,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_27.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_27.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_28\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_28.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">MutuiOnline S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a01,000,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_28.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_28.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_29\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_29.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Onda S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Lucca (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a070,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_29.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_29.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_30\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_30.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">PP&amp;E S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_30.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_30.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_31\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_31.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Quinservizi S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0150,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_31.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_31.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_32\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_32.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Resolution and service S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Ponte Buggianese (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_32.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_32.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_33\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_33.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">San Filippo S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Genoa (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_33.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_33.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_34\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_34.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Segugio.it S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_34.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_34.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_35\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_35.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Service Lercari S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Genoa (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_35.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_35.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_36\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_36.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SOS Tariffe S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_36.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_36.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_37\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_37.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Sovime S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,500\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_37.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_37.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_38\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_38.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Surf S.r.l.*</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Ponte Buggianese (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_38.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_38.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_39\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_39.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trebi Generalconsult S.r.l.**</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_39.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_39.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">100%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_40\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_40.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Zoorate S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0415,654\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Line-by-line</p></td><td id=\"v1-page38-tbl_7.tr_40.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_40.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">92%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_41\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_41.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Fiduciaria S.p.A.</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0200,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_41.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_41.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">35%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_42\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_42.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Servizi Amministrativi S.r.l.</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_42.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_42.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">35%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_43\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_43.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">LC Servizi S.r.l. in liquidazione*</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,400\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_43.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_43.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">40%</p></td></tr><tr id=\"v1-page38-tbl_7.tr_44\" style=\"height: 20pt;\"><td id=\"v1-page38-tbl_7.tr_44.tc_0\" style=\"width: 192,2pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">PrestiPro S.r.l. in liquidazione</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_1\" style=\"width: 126,25pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Milan (Italy)</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_2\" style=\"width: 62,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0120,000\u00a0</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_3\" style=\"width: 76,5pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Equity method</p></td><td id=\"v1-page38-tbl_7.tr_44.tc_4\" style=\"width: 56,55pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page38-tbl_7.tr_44.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">50%</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_557\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">\u00a0<span id=\"v1-page39-p_557.r_1\" style=\"font-family: 'Arial'; font-size: 7pt; font-style: italic;\">* the percentage in the table corresponds to the stake held by Gruppo Lercari S.r.l.</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_558\" style=\"color: #000000; font-family: 'Arial'; font-size: 7pt; font-style: italic; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">* the percentage in the table corresponds to the stake held by Agenzia Italia S.p.A.</p></li></ol><p id=\"v1-page39-p_559\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_560\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">During the financial year ended December 31, 2021 the consolidation area changed with reference to the acquisition of Luna Service S.r.l., Gema Motor S.r.l., Europa Centro Servizi S.r.l., Sovime S.r.l., Trebi Generalconsult S.r.l. and Onda S.r.l. and its subsidiaries, and to the establishment of Above Comparison S.r.l. and Incomparable S.a.r.l..</p></li></ol><p id=\"v1-page39-p_562\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">In addition, the consolidation area changed with reference to the mergers by incorporation of Centro Processi Assicurativi S.r.l. in Service Lercari S.r.l., of Gema Motor S.r.l. in Lercari Motor S.r.l., of Onda Service S.r.l. in Onda S.r.l. e of PrestitiOnline S.p.A. in MutuiOnline S.p.A..\u00a0</p><p id=\"v1-page39-p_563\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0,25in; margin-right: 0in; margin-top: 0in; text-align: justify;\"><br/></p><p id=\"v1-page39-p_564\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">For the calculation of the equivalent value in Euro of the financial and economic amounts in foreign currency of the foreign subsidiaries and of the Albanian branch of SOS Tariffe S.r.l., we applied the following exchange rates:</p><p id=\"v1-page39-p_565\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page39-tbl_8\" style=\"border-collapse: collapse;width: 6,667in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 279pt;line-height: 0px;\"></td><td style=\"width: 96pt;line-height: 0px;\"></td><td style=\"width: 105pt;line-height: 0px;\"></td></tr><tr id=\"v1-page39-tbl_8.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_0.tc_0\" style=\"width: 279pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_0.tc_1\" style=\"width: 96pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page39-tbl_8.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">2022</p></td><td id=\"v1-page39-tbl_8.tr_0.tc_2\" style=\"width: 105pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page39-tbl_8.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">2021</p></td></tr><tr id=\"v1-page39-tbl_8.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page39-tbl_8.tr_1.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_1.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_1.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_1.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_1.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page39-tbl_8.tr_2.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">RON/Euro</p></td><td id=\"v1-page39-tbl_8.tr_2.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_2.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_2.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_3.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Balance sheet items</p></td><td id=\"v1-page39-tbl_8.tr_3.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.950\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_3.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.949\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_4.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income statement items</p></td><td id=\"v1-page39-tbl_8.tr_4.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.932\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_4.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.922\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_5.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_5.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_5.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_5.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_5.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_6.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">GBP/Euro</p></td><td id=\"v1-page39-tbl_8.tr_6.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_6.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_6.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_7.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Balance sheet items</p></td><td id=\"v1-page39-tbl_8.tr_7.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.887\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_7.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.841\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_8.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income statement items</p></td><td id=\"v1-page39-tbl_8.tr_8.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.853\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_8.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.860\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_9.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_9.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_9.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_9.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_9.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_10.tc_0\" style=\"width: 279pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">ALL (Lek) / Euro</p></td><td id=\"v1-page39-tbl_8.tr_10.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_10.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_10.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_11.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Balance sheet items</p></td><td id=\"v1-page39-tbl_8.tr_11.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0114.460\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_11.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0120.710\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_12.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income statement items</p></td><td id=\"v1-page39-tbl_8.tr_12.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0118.930\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_12.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0122.440\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_13\" style=\"height: 14pt;\"><td id=\"v1-page39-tbl_8.tr_13.tc_0\" style=\"width: 279pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_13.tc_1\" style=\"width: 96pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_13.tc_2\" style=\"width: 105pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page39-p_566\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page39-p_567\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Balance sheet items have been converted by using the exchange rate as of December 31, 2022. while income statement items have been converted by using the average exchange rate of the year.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page38-tbl_7.tr_1.tc_1.p_0-tag4058212": {
   "value": "Milan",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page38-tbl_7.tr_1.tc_1.p_0-tag4058213": {
   "value": "Italy",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page39-body-tag4058215": {
   "value": "<p id=\"v1-page39-p_564\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">For the calculation of the equivalent value in Euro of the financial and economic amounts in foreign currency of the foreign subsidiaries and of the Albanian branch of SOS Tariffe S.r.l., we applied the following exchange rates:</p><p id=\"v1-page39-p_565\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page39-tbl_8\" style=\"border-collapse: collapse;width: 6,667in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 279pt;line-height: 0px;\"></td><td style=\"width: 96pt;line-height: 0px;\"></td><td style=\"width: 105pt;line-height: 0px;\"></td></tr><tr id=\"v1-page39-tbl_8.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_0.tc_0\" style=\"width: 279pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_0.tc_1\" style=\"width: 96pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page39-tbl_8.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">2022</p></td><td id=\"v1-page39-tbl_8.tr_0.tc_2\" style=\"width: 105pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page39-tbl_8.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">2021</p></td></tr><tr id=\"v1-page39-tbl_8.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page39-tbl_8.tr_1.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_1.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_1.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_1.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_1.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page39-tbl_8.tr_2.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">RON/Euro</p></td><td id=\"v1-page39-tbl_8.tr_2.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_2.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_2.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_3.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Balance sheet items</p></td><td id=\"v1-page39-tbl_8.tr_3.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.950\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_3.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.949\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_4.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income statement items</p></td><td id=\"v1-page39-tbl_8.tr_4.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.932\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_4.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.922\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_5.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_5.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_5.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_5.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_5.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_6.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">GBP/Euro</p></td><td id=\"v1-page39-tbl_8.tr_6.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_6.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_6.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_7.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Balance sheet items</p></td><td id=\"v1-page39-tbl_8.tr_7.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.887\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_7.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.841\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_8.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income statement items</p></td><td id=\"v1-page39-tbl_8.tr_8.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.853\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_8.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.860\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_9.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_9.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_9.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_9.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_9.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_10.tc_0\" style=\"width: 279pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">ALL (Lek) / Euro</p></td><td id=\"v1-page39-tbl_8.tr_10.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\"><br/></p></td><td id=\"v1-page39-tbl_8.tr_10.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_10.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page39-tbl_8.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_11.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Balance sheet items</p></td><td id=\"v1-page39-tbl_8.tr_11.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0114.460\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_11.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0120.710\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page39-tbl_8.tr_12.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income statement items</p></td><td id=\"v1-page39-tbl_8.tr_12.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0118.930\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_12.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0122.440\u00a0</p></td></tr><tr id=\"v1-page39-tbl_8.tr_13\" style=\"height: 14pt;\"><td id=\"v1-page39-tbl_8.tr_13.tc_0\" style=\"width: 279pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_13.tc_1\" style=\"width: 96pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page39-tbl_8.tr_13.tc_2\" style=\"width: 105pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page39-tbl_8.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page39-p_566\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page39-p_567\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Balance sheet items have been converted by using the exchange rate as of December 31, 2022. while income statement items have been converted by using the average exchange rate of the year.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page39-body-tag4058216": {
   "value": "<p class=\"heading\" id=\"v1-page39-p_567\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Balance sheet items have been converted by using the exchange rate as of December 31, 2022. while income statement items have been converted by using the average exchange rate of the year.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page39-body-tag4058219": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_577\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page39-p_578\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Intangible assets are non-monetary assets that are distinctly identifiable and able to generate future economic benefits. These items are recognized at purchase cost and/or internal production cost. including all costs to bring the assets available for use, net of accumulated amortization and impairment, if any.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_579\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item includes the goodwill referred to business combinations.</p><p class=\"heading\" id=\"v1-page39-p_580\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Amortization commences when the asset is available for use and is systematically calculated on a straight-line basis over the estimated useful life of the asset.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_581\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0Research and development costs</p><p id=\"v1-page39-p_582\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page39-p_582.r_0\" style=\"font-family: 'Garamond';\">Research and development costs are recognized as an expense as incurred.</span><span id=\"v1-page39-p_582.r_1\" style=\"font-size: 11pt;\">\u00a0</span><span id=\"v1-page39-p_582.r_2\" style=\"font-family: 'Garamond';\">Costs incurred on development projects are recognized as intangible assets when:</span></p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_583\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">development activity is clearly identified and its costs can be measured reliably;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_584\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">technological feasibility is demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_585\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the intention of completing the project and selling the intangible goods generated are demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_586\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">a prospective market exists or, in case of internal use, the benefits of the intangible asset for the production of intangible goods generated by the project is demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_587\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the necessary technological and financial resources for the completion of the project are available.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page39-p_588\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Amortization is usually calculated on a straight-line basis over 5 years, which represents the estimated useful life of the assets.</p><p class=\"heading\" id=\"v1-page39-p_589\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0Trademarks, licenses and other rights</p><p class=\"heading\" id=\"v1-page39-p_590\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Licenses and other rights are amortized on a straight-line basis in order to allocate their acquisition cost over the shorter of useful life and duration of the relevant contracts, starting from the moment of acquisition of the rights and usually lasting for a period of 3 to 5 years.</p><p class=\"heading\" id=\"v1-page39-p_591\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0For trademarks and customer equity values, amortization is calculated using the straight-line method and it is equal to a period of 10 years.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page39-body-tag4058217": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_577\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page39-p_578\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Intangible assets are non-monetary assets that are distinctly identifiable and able to generate future economic benefits. These items are recognized at purchase cost and/or internal production cost. including all costs to bring the assets available for use, net of accumulated amortization and impairment, if any.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_579\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item includes the goodwill referred to business combinations.</p><p class=\"heading\" id=\"v1-page39-p_580\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Amortization commences when the asset is available for use and is systematically calculated on a straight-line basis over the estimated useful life of the asset.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_581\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0Research and development costs</p><p id=\"v1-page39-p_582\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page39-p_582.r_0\" style=\"font-family: 'Garamond';\">Research and development costs are recognized as an expense as incurred.</span><span id=\"v1-page39-p_582.r_1\" style=\"font-size: 11pt;\">\u00a0</span><span id=\"v1-page39-p_582.r_2\" style=\"font-family: 'Garamond';\">Costs incurred on development projects are recognized as intangible assets when:</span></p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_583\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">development activity is clearly identified and its costs can be measured reliably;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_584\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">technological feasibility is demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_585\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the intention of completing the project and selling the intangible goods generated are demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_586\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">a prospective market exists or, in case of internal use, the benefits of the intangible asset for the production of intangible goods generated by the project is demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_587\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the necessary technological and financial resources for the completion of the project are available.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page39-p_588\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Amortization is usually calculated on a straight-line basis over 5 years, which represents the estimated useful life of the assets.</p><p class=\"heading\" id=\"v1-page39-p_589\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0Trademarks, licenses and other rights</p><p class=\"heading\" id=\"v1-page39-p_590\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Licenses and other rights are amortized on a straight-line basis in order to allocate their acquisition cost over the shorter of useful life and duration of the relevant contracts, starting from the moment of acquisition of the rights and usually lasting for a period of 3 to 5 years.</p><p class=\"heading\" id=\"v1-page39-p_591\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0For trademarks and customer equity values, amortization is calculated using the straight-line method and it is equal to a period of 10 years.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page39-body-tag4058220": {
   "value": "<p class=\"heading\" id=\"v1-page39-p_581\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0Research and development costs</p><p id=\"v1-page39-p_582\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page39-p_582.r_0\" style=\"font-family: 'Garamond';\">Research and development costs are recognized as an expense as incurred.</span><span id=\"v1-page39-p_582.r_1\" style=\"font-size: 11pt;\">\u00a0</span><span id=\"v1-page39-p_582.r_2\" style=\"font-family: 'Garamond';\">Costs incurred on development projects are recognized as intangible assets when:</span></p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_583\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">development activity is clearly identified and its costs can be measured reliably;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_584\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">technological feasibility is demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_585\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the intention of completing the project and selling the intangible goods generated are demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_586\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">a prospective market exists or, in case of internal use, the benefits of the intangible asset for the production of intangible goods generated by the project is demonstrated;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page39-p_587\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">the necessary technological and financial resources for the completion of the project are available.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page39-p_588\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Amortization is usually calculated on a straight-line basis over 5 years, which represents the estimated useful life of the assets.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page39-body-tag4058221": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page39-p_592\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Property, plant and equipment\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page39-p_593\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Property, plant and equipment are stated at historical cost of acquisition or production less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to the acquisition.\u00a0</p><p class=\"heading\" id=\"v1-page39-p_594\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be reliably measured. When assets are composed of different identifiable components whose useful life is significantly different, each component is depreciated separately applying the \"component approach\".\u00a0</p><p class=\"heading\" id=\"v1-page40-p_595\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Depreciation is charged to each asset on a systematic basis over the estimated useful life from the date of initial recognition.</p><p class=\"heading\" id=\"v1-page40-p_596\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Property, plant and equipment are depreciated with useful lives as follows:</p><p id=\"v1-page40-p_597\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page40-tbl_9\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 308,05pt;line-height: 0px;\"></td><td style=\"width: 161pt;line-height: 0px;\"></td></tr><tr id=\"v1-page40-tbl_9.tr_0\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Description of the main categories of the item \"Property, plan and equipment\"</p></td><td id=\"v1-page40-tbl_9.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Period\u00a0</p></td></tr><tr id=\"v1-page40-tbl_9.tr_1\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_1.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page40-tbl_9.tr_1.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page40-tbl_9.tr_2\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Land</p></td><td id=\"v1-page40-tbl_9.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">not depreciated</p></td></tr><tr id=\"v1-page40-tbl_9.tr_3\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Buildings</p></td><td id=\"v1-page40-tbl_9.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_4\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generic equipment</p></td><td id=\"v1-page40-tbl_9.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_5\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Specific equipment</p></td><td id=\"v1-page40-tbl_9.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,5-7 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_6\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Leasehold improvements</p></td><td id=\"v1-page40-tbl_9.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">shorter of contract duration and usedful life</p></td></tr><tr id=\"v1-page40-tbl_9.tr_7\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Hardware</p></td><td id=\"v1-page40-tbl_9.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2-5 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_8\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_8.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Office equipment</p></td><td id=\"v1-page40-tbl_9.tr_8.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2-5 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_9\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_9.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Furniture and fittings</p></td><td id=\"v1-page40-tbl_9.tr_9.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_10\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_10.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Auto vehicles</p></td><td id=\"v1-page40-tbl_9.tr_10.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page40-tbl_9.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4 years</p></td></tr><tr id=\"v1-page40-tbl_9.tr_11\" style=\"height: 16pt;\"><td id=\"v1-page40-tbl_9.tr_11.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page40-tbl_9.tr_11.tc_0.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page40-tbl_9.tr_11.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page40-tbl_9.tr_11.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin: 0in;\">\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page40-p_598\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page40-body-tag4058225": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page40-p_599\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Investments measured with the equity method</p></li></ol><p class=\"heading\" id=\"v1-page40-p_600\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A joint venture is an arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.</p><p class=\"heading\" id=\"v1-page40-p_601\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">An associated entity is a company, which is neither a subsidiary nor a joint venture, on which the Issuer exercises a significant influence. Significant influence is presumed when the Issuer owns, directly or indirectly, more than 20% of the ordinary share capital of a company.</p><p class=\"heading\" id=\"v1-page40-p_602\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Joint ventures and investments in associated entities are measured for an amount equal to the corresponding fraction of equity in the last financial statements of the same entities, after the transfer of dividends and the application of adjustments in accordance with the disclosures for the preparation of the financial statements.\u00a0</p><p class=\"heading\" id=\"v1-page40-p_603\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Gains and losses arising from changes of the adjusted equity of associated companies are recorded in the income statement for the period in which they arise.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page40-body-tag4058224": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page40-p_599\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Investments measured with the equity method</p></li></ol><p class=\"heading\" id=\"v1-page40-p_600\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A joint venture is an arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.</p><p class=\"heading\" id=\"v1-page40-p_601\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">An associated entity is a company, which is neither a subsidiary nor a joint venture, on which the Issuer exercises a significant influence. Significant influence is presumed when the Issuer owns, directly or indirectly, more than 20% of the ordinary share capital of a company.</p><p class=\"heading\" id=\"v1-page40-p_602\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Joint ventures and investments in associated entities are measured for an amount equal to the corresponding fraction of equity in the last financial statements of the same entities, after the transfer of dividends and the application of adjustments in accordance with the disclosures for the preparation of the financial statements.\u00a0</p><p class=\"heading\" id=\"v1-page40-p_603\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Gains and losses arising from changes of the adjusted equity of associated companies are recorded in the income statement for the period in which they arise.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page40-body-tag4058223": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page40-p_599\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Investments measured with the equity method</p></li></ol><p class=\"heading\" id=\"v1-page40-p_600\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A joint venture is an arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.</p><p class=\"heading\" id=\"v1-page40-p_601\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">An associated entity is a company, which is neither a subsidiary nor a joint venture, on which the Issuer exercises a significant influence. Significant influence is presumed when the Issuer owns, directly or indirectly, more than 20% of the ordinary share capital of a company.</p><p class=\"heading\" id=\"v1-page40-p_602\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Joint ventures and investments in associated entities are measured for an amount equal to the corresponding fraction of equity in the last financial statements of the same entities, after the transfer of dividends and the application of adjustments in accordance with the disclosures for the preparation of the financial statements.\u00a0</p><p class=\"heading\" id=\"v1-page40-p_603\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Gains and losses arising from changes of the adjusted equity of associated companies are recorded in the income statement for the period in which they arise.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page40-body-tag4058226": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page40-p_604\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Leases</p></li></ol><p class=\"heading\" id=\"v1-page40-p_605\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 16 sets out the principles for the recognition, measurement, presentation and the disclosure of leases and requires lessees to account for all leases under a single on-balance sheet model similar to the accounting for finance leases under IAS 17. At the commencement date of a lease. a lessee recognizes a liability to make lease payments (i.e. the lease liability) and an asset representing the right to use the underlying asset during the lease (i.e. the right of use asset). Lessees separately recognize the interest expenses on the lease liability and the depreciation expense on the right of use asset.</p><p class=\"heading\" id=\"v1-page41-p_606\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Lessees will be also required to re-measure the lease liability on the occurrence of certain events (e.g. a change in the lease term, a change in the future lease payments resulting from a change in an index or rate used to establish those payments). The lessee will generally recognize the re-measurement amount of the lease liability as an adjustment to the right of use of the asset.</p><p class=\"heading\" id=\"v1-page41-p_607\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The standard includes two recognition exemptions for lessees:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_608\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">leases of low value assets (a situation that could arise for the Group with reference to operating leases for office equipment such as photocopiers, currently recognized in the balance sheet under the item \"Other operating costs\");</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_609\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">short-term leasing contracts (e.g. leases with a lease term of 12 months or less).</p></li></ul><p class=\"heading\" id=\"v1-page41-p_610\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Positions that are affected by the application of IFRS 16, with a significant effect for the Group are linked to:\u00a0</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_611\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">leasing contracts for the main office site (Milan);</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_612\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">leasing contracts for operating sites (Faenza, Genoa, Conegliano, Messina, Arad, Tirana);\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page41-p_613\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">cars under long-term rental contracts used by Group personnel.</p></li></ul>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page41-body-tag4061397": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_614\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Business combinations\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page41-p_615\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Business combinations are valued with the acquisition method.\u00a0</p><p class=\"heading\" id=\"v1-page41-p_616\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The cost of the acquisition is determined by the sum of the considerations transferred in a business combination, measured at the fair value at the acquisition date, the acquired liabilities and the equity instruments issued. The assets, the acquired liabilities and the potential liabilities in a business combination are initially measured at their fair value.</p><p class=\"heading\" id=\"v1-page41-p_617\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The minority interests in the acquired entity are measured at their fair value and at the\u00a0<span id=\"v1-page41-p_617.r_3\" style=\"font-style: italic;\">pro-quota</span>\u00a0value of the net assets recognized for the acquired company.</p><p class=\"heading\" id=\"v1-page41-p_618\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The surplus between the considerations transferred, the amount of the minority interests and the fair value of the non-controlling participations held before the acquisition date, compared to the fair value of the controlling stake of the net assets acquired, is recorded as goodwill.</p><p class=\"heading\" id=\"v1-page41-p_619\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">If the value of the net assets acquired at the acquisition date exceeds the sum of the considerations transferred, of the minority interests and of the fair value of any previously held participation in the acquired company, this surplus is recorded as income of the closed transaction in the income statement.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_620\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is worth pointing out that the Group, based on shareholders' agreements related to the acquisition of Agenzia Italia S.p.A., considers applicable IAS 32 rather than IFRS 10, and recognized in the consolidated financial statement the financial liability related to the put/call option over the shares not yet purchased, without recognizing non-controlling interest. According to such approach, the business combination is accounted on the basis of the assumption that the Group could get economic benefits also on shares under the put/call option. No non-controlling interest was recognized also when we determined the goodwill arising from the acquisition.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_621\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With reference to the acquisition of Lercari Group, the Group has applied the approach, provided for by IFRS 10, of the partial recognition of minority interests, on the basis of which, at the end of the financial year, the minority interests have been reclassified as financial liabilities, related to the put/call option on the residual stake of 49.9%.</p></li></ol><p class=\"heading\" id=\"v1-page42-p_622\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">According to provisions of IFRS 3, in step acquisitions (acquisitions achieved in stages) a business combination is achieved only after control has been obtained, and at this moment all the acquired entity's identifiable net assets should be measured at the fair value; minority interests should be measured based on their fair value or based on the proportionate share of the fair value of identifiable net assets of the acquired entity (a method already permitted under the previous version of IFRS 3).</p><p class=\"heading\" id=\"v1-page42-p_623\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In a step acquisition of an associate, the previously held investment, until then accounted according to IAS 39 (\"Financial instruments: recognition and measurement\"), or according to IAS 28 (\"Investments in Associates\") or according to IFRS 11 (\"Joint arrangements), shall be treated as if it had been sold and repurchased as of the date on which control is acquired. This participation should be measured at its \"sale\" date fair value and the resulting profit or loss of this measurement should be recorded in the income statement. In addition, any value previously recorded in the shareholder's equity, which should be charged in the income statement after the sale of the relevant assets, should be reclassified in the income statement. The goodwill or income (in case of badwill) deriving from the deal concluded with the subsequent acquisition should be determined as the sum of the compensation paid to acquire the control, the value of minority interests (measured according to one of the methods permitted by the standard), and the fair value of the previously held minority shareholdings, net of the fair value of the identifiable net assets of the acquired entity.\u00a0</p><p class=\"heading\" id=\"v1-page42-p_624\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition, according to IFRS 3 the costs related to the acquisition of business combinations are recognized as expenses in the period in which these costs are incurred. Finally, under IFRS 3 contingent consideration is recognized as a part of the transfer price of the acquired net assets and is measured at the acquisition date fair value. The fair value of these liabilities is restated as of the date of each financial report. Similarly, if the combination agreement includes the right to return some consideration components if specified conditions are met, that right is classified as an asset by the acquirer. Any subsequent changes in the fair value of the net assets acquired should be recognized as adjustments to the original accounting treatment only if they are determined by additional or better information about the fair value and occur within 12 months from the acquisition date; all other changes must be recorded in profit or loss.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page41-body-tag4058229": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_614\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Business combinations\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page41-p_615\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Business combinations are valued with the acquisition method.\u00a0</p><p class=\"heading\" id=\"v1-page41-p_616\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The cost of the acquisition is determined by the sum of the considerations transferred in a business combination, measured at the fair value at the acquisition date, the acquired liabilities and the equity instruments issued. The assets, the acquired liabilities and the potential liabilities in a business combination are initially measured at their fair value.</p><p class=\"heading\" id=\"v1-page41-p_617\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The minority interests in the acquired entity are measured at their fair value and at the\u00a0<span id=\"v1-page41-p_617.r_3\" style=\"font-style: italic;\">pro-quota</span>\u00a0value of the net assets recognized for the acquired company.</p><p class=\"heading\" id=\"v1-page41-p_618\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The surplus between the considerations transferred, the amount of the minority interests and the fair value of the non-controlling participations held before the acquisition date, compared to the fair value of the controlling stake of the net assets acquired, is recorded as goodwill.</p><p class=\"heading\" id=\"v1-page41-p_619\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">If the value of the net assets acquired at the acquisition date exceeds the sum of the considerations transferred, of the minority interests and of the fair value of any previously held participation in the acquired company, this surplus is recorded as income of the closed transaction in the income statement.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_620\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is worth pointing out that the Group, based on shareholders' agreements related to the acquisition of Agenzia Italia S.p.A., considers applicable IAS 32 rather than IFRS 10, and recognized in the consolidated financial statement the financial liability related to the put/call option over the shares not yet purchased, without recognizing non-controlling interest. According to such approach, the business combination is accounted on the basis of the assumption that the Group could get economic benefits also on shares under the put/call option. No non-controlling interest was recognized also when we determined the goodwill arising from the acquisition.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_621\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With reference to the acquisition of Lercari Group, the Group has applied the approach, provided for by IFRS 10, of the partial recognition of minority interests, on the basis of which, at the end of the financial year, the minority interests have been reclassified as financial liabilities, related to the put/call option on the residual stake of 49.9%.</p></li></ol><p class=\"heading\" id=\"v1-page42-p_622\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">According to provisions of IFRS 3, in step acquisitions (acquisitions achieved in stages) a business combination is achieved only after control has been obtained, and at this moment all the acquired entity's identifiable net assets should be measured at the fair value; minority interests should be measured based on their fair value or based on the proportionate share of the fair value of identifiable net assets of the acquired entity (a method already permitted under the previous version of IFRS 3).</p><p class=\"heading\" id=\"v1-page42-p_623\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In a step acquisition of an associate, the previously held investment, until then accounted according to IAS 39 (\"Financial instruments: recognition and measurement\"), or according to IAS 28 (\"Investments in Associates\") or according to IFRS 11 (\"Joint arrangements), shall be treated as if it had been sold and repurchased as of the date on which control is acquired. This participation should be measured at its \"sale\" date fair value and the resulting profit or loss of this measurement should be recorded in the income statement. In addition, any value previously recorded in the shareholder's equity, which should be charged in the income statement after the sale of the relevant assets, should be reclassified in the income statement. The goodwill or income (in case of badwill) deriving from the deal concluded with the subsequent acquisition should be determined as the sum of the compensation paid to acquire the control, the value of minority interests (measured according to one of the methods permitted by the standard), and the fair value of the previously held minority shareholdings, net of the fair value of the identifiable net assets of the acquired entity.\u00a0</p><p class=\"heading\" id=\"v1-page42-p_624\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition, according to IFRS 3 the costs related to the acquisition of business combinations are recognized as expenses in the period in which these costs are incurred. Finally, under IFRS 3 contingent consideration is recognized as a part of the transfer price of the acquired net assets and is measured at the acquisition date fair value. The fair value of these liabilities is restated as of the date of each financial report. Similarly, if the combination agreement includes the right to return some consideration components if specified conditions are met, that right is classified as an asset by the acquirer. Any subsequent changes in the fair value of the net assets acquired should be recognized as adjustments to the original accounting treatment only if they are determined by additional or better information about the fair value and occur within 12 months from the acquisition date; all other changes must be recorded in profit or loss.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page41-body-tag4058227": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_614\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Business combinations\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page41-p_615\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Business combinations are valued with the acquisition method.\u00a0</p><p class=\"heading\" id=\"v1-page41-p_616\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The cost of the acquisition is determined by the sum of the considerations transferred in a business combination, measured at the fair value at the acquisition date, the acquired liabilities and the equity instruments issued. The assets, the acquired liabilities and the potential liabilities in a business combination are initially measured at their fair value.</p><p class=\"heading\" id=\"v1-page41-p_617\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The minority interests in the acquired entity are measured at their fair value and at the\u00a0<span id=\"v1-page41-p_617.r_3\" style=\"font-style: italic;\">pro-quota</span>\u00a0value of the net assets recognized for the acquired company.</p><p class=\"heading\" id=\"v1-page41-p_618\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The surplus between the considerations transferred, the amount of the minority interests and the fair value of the non-controlling participations held before the acquisition date, compared to the fair value of the controlling stake of the net assets acquired, is recorded as goodwill.</p><p class=\"heading\" id=\"v1-page41-p_619\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">If the value of the net assets acquired at the acquisition date exceeds the sum of the considerations transferred, of the minority interests and of the fair value of any previously held participation in the acquired company, this surplus is recorded as income of the closed transaction in the income statement.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_620\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is worth pointing out that the Group, based on shareholders' agreements related to the acquisition of Agenzia Italia S.p.A., considers applicable IAS 32 rather than IFRS 10, and recognized in the consolidated financial statement the financial liability related to the put/call option over the shares not yet purchased, without recognizing non-controlling interest. According to such approach, the business combination is accounted on the basis of the assumption that the Group could get economic benefits also on shares under the put/call option. No non-controlling interest was recognized also when we determined the goodwill arising from the acquisition.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_621\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With reference to the acquisition of Lercari Group, the Group has applied the approach, provided for by IFRS 10, of the partial recognition of minority interests, on the basis of which, at the end of the financial year, the minority interests have been reclassified as financial liabilities, related to the put/call option on the residual stake of 49.9%.</p></li></ol><p class=\"heading\" id=\"v1-page42-p_622\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">According to provisions of IFRS 3, in step acquisitions (acquisitions achieved in stages) a business combination is achieved only after control has been obtained, and at this moment all the acquired entity's identifiable net assets should be measured at the fair value; minority interests should be measured based on their fair value or based on the proportionate share of the fair value of identifiable net assets of the acquired entity (a method already permitted under the previous version of IFRS 3).</p><p class=\"heading\" id=\"v1-page42-p_623\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In a step acquisition of an associate, the previously held investment, until then accounted according to IAS 39 (\"Financial instruments: recognition and measurement\"), or according to IAS 28 (\"Investments in Associates\") or according to IFRS 11 (\"Joint arrangements), shall be treated as if it had been sold and repurchased as of the date on which control is acquired. This participation should be measured at its \"sale\" date fair value and the resulting profit or loss of this measurement should be recorded in the income statement. In addition, any value previously recorded in the shareholder's equity, which should be charged in the income statement after the sale of the relevant assets, should be reclassified in the income statement. The goodwill or income (in case of badwill) deriving from the deal concluded with the subsequent acquisition should be determined as the sum of the compensation paid to acquire the control, the value of minority interests (measured according to one of the methods permitted by the standard), and the fair value of the previously held minority shareholdings, net of the fair value of the identifiable net assets of the acquired entity.\u00a0</p><p class=\"heading\" id=\"v1-page42-p_624\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition, according to IFRS 3 the costs related to the acquisition of business combinations are recognized as expenses in the period in which these costs are incurred. Finally, under IFRS 3 contingent consideration is recognized as a part of the transfer price of the acquired net assets and is measured at the acquisition date fair value. The fair value of these liabilities is restated as of the date of each financial report. Similarly, if the combination agreement includes the right to return some consideration components if specified conditions are met, that right is classified as an asset by the acquirer. Any subsequent changes in the fair value of the net assets acquired should be recognized as adjustments to the original accounting treatment only if they are determined by additional or better information about the fair value and occur within 12 months from the acquisition date; all other changes must be recorded in profit or loss.</p><p class=\"heading\" id=\"v1-page44-p_721\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(d) \u00a0\u00a0\u00a0\u00a0Fair value of net assets acquired in a business combination\u00a0</p><p class=\"heading\" id=\"v1-page44-p_722\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Pursuant to IFRS 3, the Group records the identifiable acquired assets and liabilities at fair value as of the date of acquisition of control. The residual amount is recorded as goodwill arising from the acquisition. These values are determined by estimating the identifiable assets and liabilities, based on reasonable and realistic assumptions using the information available at the date when control was acquired, which had an effect on the value of the recognized assets, liabilities and goodwill, as well as on the revenues and expenses for the period.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page41-body-tag4058230": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_620\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is worth pointing out that the Group, based on shareholders' agreements related to the acquisition of Agenzia Italia S.p.A., considers applicable IAS 32 rather than IFRS 10, and recognized in the consolidated financial statement the financial liability related to the put/call option over the shares not yet purchased, without recognizing non-controlling interest. According to such approach, the business combination is accounted on the basis of the assumption that the Group could get economic benefits also on shares under the put/call option. No non-controlling interest was recognized also when we determined the goodwill arising from the acquisition.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page41-p_621\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With reference to the acquisition of Lercari Group, the Group has applied the approach, provided for by IFRS 10, of the partial recognition of minority interests, on the basis of which, at the end of the financial year, the minority interests have been reclassified as financial liabilities, related to the put/call option on the residual stake of 49.9%.</p></li></ol><p class=\"heading\" id=\"v1-page42-p_622\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">According to provisions of IFRS 3, in step acquisitions (acquisitions achieved in stages) a business combination is achieved only after control has been obtained, and at this moment all the acquired entity's identifiable net assets should be measured at the fair value; minority interests should be measured based on their fair value or based on the proportionate share of the fair value of identifiable net assets of the acquired entity (a method already permitted under the previous version of IFRS 3).</p><p class=\"heading\" id=\"v1-page42-p_623\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In a step acquisition of an associate, the previously held investment, until then accounted according to IAS 39 (\"Financial instruments: recognition and measurement\"), or according to IAS 28 (\"Investments in Associates\") or according to IFRS 11 (\"Joint arrangements), shall be treated as if it had been sold and repurchased as of the date on which control is acquired. This participation should be measured at its \"sale\" date fair value and the resulting profit or loss of this measurement should be recorded in the income statement. In addition, any value previously recorded in the shareholder's equity, which should be charged in the income statement after the sale of the relevant assets, should be reclassified in the income statement. The goodwill or income (in case of badwill) deriving from the deal concluded with the subsequent acquisition should be determined as the sum of the compensation paid to acquire the control, the value of minority interests (measured according to one of the methods permitted by the standard), and the fair value of the previously held minority shareholdings, net of the fair value of the identifiable net assets of the acquired entity.\u00a0</p><p class=\"heading\" id=\"v1-page42-p_624\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition, according to IFRS 3 the costs related to the acquisition of business combinations are recognized as expenses in the period in which these costs are incurred. Finally, under IFRS 3 contingent consideration is recognized as a part of the transfer price of the acquired net assets and is measured at the acquisition date fair value. The fair value of these liabilities is restated as of the date of each financial report. Similarly, if the combination agreement includes the right to return some consideration components if specified conditions are met, that right is classified as an asset by the acquirer. Any subsequent changes in the fair value of the net assets acquired should be recognized as adjustments to the original accounting treatment only if they are determined by additional or better information about the fair value and occur within 12 months from the acquisition date; all other changes must be recorded in profit or loss.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page42-body-tag4058231": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page42-p_625\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Impairment</p></li></ol><p class=\"heading\" id=\"v1-page42-p_626\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group verifies, at least annually, whether there are indicators of a potential loss in value of intangible and tangible assets. If the Group finds that such indications exist, it estimates the recoverable value of the relevant asset.</p><p class=\"heading\" id=\"v1-page42-p_627\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition, intangible assets with an indefinite useful life or that are not available for use and goodwill are subject to an impairment test each year, or more frequently if there is an indication that the asset may have been subject to a loss in value.</p><p class=\"heading\" id=\"v1-page42-p_628\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The ability to recover the assets is ascertained by comparing the reported value to the related recoverable value, which is represented by the greater of the fair value less disposal costs and the value in use.</p><p class=\"heading\" id=\"v1-page42-p_629\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the absence of a binding sale agreement, the fair value is estimated on the basis of recent transaction values in an active market, or based on the best information available to determine the amount that could be obtained from selling the asset.</p><p class=\"heading\" id=\"v1-page42-p_630\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The value in use is determined by discounting expected cash flows resulting from the use of the asset, and if significant and reasonably determinable, the cash flows resulting from its sale at the end of its useful life.</p><p class=\"heading\" id=\"v1-page42-p_631\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash flows are determined on the basis of reasonable, documentable assumptions representing the best estimate of the future economic conditions that will occur during the remaining useful life of the asset, with greater weight given to outside information.</p><p class=\"heading\" id=\"v1-page42-p_632\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The discount rate applied takes into account the implicit risk of the business segment.</p><p class=\"heading\" id=\"v1-page42-p_633\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">When it is not possible to determine the recoverable value of an individual asset, the Group estimates the recoverable value of the unit that incorporates the asset and generates cash flows (\"<span id=\"v1-page42-p_633.r_7\" style=\"font-weight: bold;\">CGU</span>\", shorthand of Cash Generating Unit).</p><p class=\"heading\" id=\"v1-page42-p_634\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A loss of value is reported if the recoverable value of an asset is lower than its carrying value.</p><p class=\"heading\" id=\"v1-page42-p_635\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">This loss is booked to the income statement unless the asset was previously written up through a shareholders' equity reserve. In this case, the reduction in value is first allocated to the revaluation reserve.</p><p class=\"heading\" id=\"v1-page42-p_636\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">If, in a future period, a loss on assets, other than goodwill, does not materialize or is reduced, the carrying value of the asset or CGU is increased up to the new estimate of recoverable value, and may not exceed the value that would have been determined if no loss from a reduction in value had been reported.</p><p class=\"heading\" id=\"v1-page42-p_637\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The recovery of a loss of value is posted to the income statement, unless the asset was previously reported at its revalued amount. In this case, the recovery in value is first allocated to the revaluation reserve.</p><p class=\"heading\" id=\"v1-page42-p_638\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The value in use of an asset that does not generate independent cash flows is determined in relation to the CGU to which this asset belongs. Impairment is recognized in the income statement whenever the carrying amount of the asset and of the related CGU exceeds its recoverable value. Whenever the circumstances causing the impairment cease to exist, the book value of the asset, except the goodwill, is restored with the recognition in the income statement, up to the net value that the asset would have had if it were not impaired and regularly depreciated.</p><p class=\"heading\" id=\"v1-page42-p_639\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Goodwill is not amortized,<span id=\"v1-page42-p_639.r_3\" style=\"font-weight: bold;\">\u00a0</span>but is subject annually, or more frequently if specific events or changes in circumstances indicate that the asset might be impaired, to tests in order to identify possible impairments. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses.</p><p class=\"heading\" id=\"v1-page42-p_640\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The impairment of goodwill recorded as of the date of the financial report is shown in the income statement under depreciation of intangible assets.</p><p class=\"heading\" id=\"v1-page44-p_719\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(c) \u00a0\u00a0\u00a0\u00a0Impairment test for the evaluation of goodwill and participations</p><p class=\"heading\" id=\"v1-page44-p_720\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The impairment test provides for the use of valuation methods based on estimations and assumptions which could be subject to significant changes with subsequent impacts on the results of the evaluations done.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page42-body-tag4058234": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page42-p_641\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Cash and cash equivalents</p></li></ol><p class=\"heading\" id=\"v1-page42-p_642\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash and cash equivalents include cash, bank deposits and highly liquid short-term investments (readily convertible to cash within three months). Overdrafts are included in short-term borrowings and are measured at fair value.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page42-body-tag4058236": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page42-p_643\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial assets at fair value through OCI</p></li></ol><p class=\"heading\" id=\"v1-page42-p_644\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Upon initial recognition, the Group can elect to irrevocably classify its equity investments as equity instruments designated at fair value through other comprehensive income (\"<span id=\"v1-page42-p_644.r_3\" style=\"font-weight: bold;\">OCI</span>\") when they meet the definition of equity under IAS 32 \"Financial Instruments: Presentation\" and are not held for trading, The classification is determined on an instrument-by-instrument basis. Gains and losses on these financial assets are never recycled to profit or loss. Dividends are recognized in the profit and loss statement when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_645\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial assets at fair value through profit and loss</p></li></ol><p class=\"heading\" id=\"v1-page43-p_646\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Financial assets at fair value through profit and loss are classified in the financial statements at fair value and the fair value changes are recorded in profit and loss.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058237": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_645\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial assets at fair value through profit and loss</p></li></ol><p class=\"heading\" id=\"v1-page43-p_646\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Financial assets at fair value through profit and loss are classified in the financial statements at fair value and the fair value changes are recorded in profit and loss.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognisingDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationTechniqueExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058239": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_647\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Trade receivables</p></li></ol><p class=\"heading\" id=\"v1-page43-p_648\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Trade receivables are valued initially at fair value and subsequently at amortized cost using the effective interest rate basis.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_649\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Any losses arising as a result of impairment reviews are recognized in the income statement. In particular, IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on all trade receivable based on their residual contractual duration. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</p><p class=\"heading\" id=\"v1-page43-p_650\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the presence of impairment indicators, the values of the assets are reduced to the present value of expected future cash flows and the differences are recognized in the income statement, with a provision for bad debts as counterbalance, offsetting trade receivables. If in subsequent periods the reasons for such impairments are no longer valid, the values of the assets are reinstated up to the amortized cost as if the impairment had never occurred.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058238": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_647\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Trade receivables</p></li></ol><p class=\"heading\" id=\"v1-page43-p_648\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Trade receivables are valued initially at fair value and subsequently at amortized cost using the effective interest rate basis.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_649\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Any losses arising as a result of impairment reviews are recognized in the income statement. In particular, IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on all trade receivable based on their residual contractual duration. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</p><p class=\"heading\" id=\"v1-page43-p_650\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the presence of impairment indicators, the values of the assets are reduced to the present value of expected future cash flows and the differences are recognized in the income statement, with a provision for bad debts as counterbalance, offsetting trade receivables. If in subsequent periods the reasons for such impairments are no longer valid, the values of the assets are reinstated up to the amortized cost as if the impairment had never occurred.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058240": {
   "value": "<p class=\"heading\" id=\"v1-page43-p_649\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Any losses arising as a result of impairment reviews are recognized in the income statement. In particular, IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on all trade receivable based on their residual contractual duration. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</p><p class=\"heading\" id=\"v1-page43-p_650\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the presence of impairment indicators, the values of the assets are reduced to the present value of expected future cash flows and the differences are recognized in the income statement, with a provision for bad debts as counterbalance, offsetting trade receivables. If in subsequent periods the reasons for such impairments are no longer valid, the values of the assets are reinstated up to the amortized cost as if the impairment had never occurred.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058241": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_651\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Own shares</p></li></ol><p class=\"heading\" id=\"v1-page43-p_652\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Own shares are booked as a reduction of shareholders' equity. Being the shares without nominal value, the purchase cost is deducted from the share capital for an amount implicitly corresponding to the nominal value and from the distributable reserves for an amount equal to the remaining part of the purchase cost.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058247": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_653\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Trade payables and financial liabilities</p></li></ol><p class=\"heading\" id=\"v1-page43-p_654\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial liabilities, trade payables and other debts are initially recognized at fair value, net of transaction costs incurred, and are subsequently stated at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption value is recognized in the income statement over the period of the borrowings using the effective interest method. Amortization is determined based on the effective interest rate which equates, at the initial moment, the present value of cash flows connected with the liability and its initial recorded amount (amortized cost method).</p><p class=\"heading\" id=\"v1-page43-p_655\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Whenever expected future cash flows change, and these could be reliably estimated, the value of the liability is recalculated on the basis of the new cash flows and the initial effective interest rate.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058245": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_653\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Trade payables and financial liabilities</p></li></ol><p class=\"heading\" id=\"v1-page43-p_654\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial liabilities, trade payables and other debts are initially recognized at fair value, net of transaction costs incurred, and are subsequently stated at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption value is recognized in the income statement over the period of the borrowings using the effective interest method. Amortization is determined based on the effective interest rate which equates, at the initial moment, the present value of cash flows connected with the liability and its initial recorded amount (amortized cost method).</p><p class=\"heading\" id=\"v1-page43-p_655\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Whenever expected future cash flows change, and these could be reliably estimated, the value of the liability is recalculated on the basis of the new cash flows and the initial effective interest rate.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058248": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_656\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Provisions for risks and charges</p></li></ol><p class=\"heading\" id=\"v1-page43-p_657\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Provisions are recognized when; (i) the existence of a current obligation, legal or implicit, arising from a past event, is probable; (ii) it is probable that the fulfillment of the obligation will be onerous; (iii) the amount of the obligation can be reliably estimated. Provisions are recognized based on the best estimate of the expenditure required to settle the present obligation or to transfer it to a third party at the balance sheet date. When the financial effect of the timing of the obligation is significant and the dates of the payments can be reliably estimated, the provision is discounted back. Provisions are measured at the present value of the payments expected to be required to settle the obligation using a rate that reflects current market assessments of the time value of money and the risks specific to the obligation.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058250": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_658\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Defined benefit program liability</p></li></ol><p class=\"heading\" id=\"v1-page43-p_659\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Employee termination benefits (\"<span id=\"v1-page43-p_659.r_5\" style=\"font-style: italic;\">Trattamento Fine Rapporto</span>\", or \"<span id=\"v1-page43-p_659.r_13\" style=\"font-weight: bold;\">TFR</span>\"), which are compulsory for Italian companies in accordance with the civil code, are considered by IFRS as a defined benefit program, based, among other things, on the period of employment and the remuneration of the employee during a predefined period.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_660\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The TFR liability is determined by independent actuaries using the Projected Unit Credit Method to account for the time value of money. According to \"revised\" IAS 19 the adjustments deriving from the changes in actuarial assumptions are recorded in equity, by means of the recognition in the comprehensive income statements.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_661\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The implicit interest cost for the adjustment of the present value of the TFR liability over time is recognized in the financial expenses in the income statement.</p><p class=\"heading\" id=\"v1-page43-p_662\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The legislative changes that become effective in 2007 had no material impact on the evaluation method adopted by the Group because the percentage of employees adhering to the funds at the relevant date was low and besides the greater part of employees of the companies of the Group is employed in companies that did not exceeded the limits, provided by the new law and calculated on the average number of employees in 2006, over which a company is obliged to contribute the accrued fund to the National Institute for Social Security (\"<span id=\"v1-page43-p_662.r_23\" style=\"font-weight: bold;\">INPS</span>\") when employees choose to keep their TFR in the company.</p><p class=\"heading\" id=\"v1-page43-p_663\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">During the financial year ended December 31, 2022, the Group introduced a long-term incentive plan in favor of certain employees, linked to certain economic indicators achieved by the Group in the medium term. In accordance with IAS 19, the cost of this plan is recognized on a straight-line basis over the duration of the plan, in the income statement under personnel costs, together with interest and remeasurements of the related liability.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058249": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_658\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Defined benefit program liability</p></li></ol><p class=\"heading\" id=\"v1-page43-p_659\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Employee termination benefits (\"<span id=\"v1-page43-p_659.r_5\" style=\"font-style: italic;\">Trattamento Fine Rapporto</span>\", or \"<span id=\"v1-page43-p_659.r_13\" style=\"font-weight: bold;\">TFR</span>\"), which are compulsory for Italian companies in accordance with the civil code, are considered by IFRS as a defined benefit program, based, among other things, on the period of employment and the remuneration of the employee during a predefined period.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_660\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The TFR liability is determined by independent actuaries using the Projected Unit Credit Method to account for the time value of money. According to \"revised\" IAS 19 the adjustments deriving from the changes in actuarial assumptions are recorded in equity, by means of the recognition in the comprehensive income statements.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_661\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The implicit interest cost for the adjustment of the present value of the TFR liability over time is recognized in the financial expenses in the income statement.</p><p class=\"heading\" id=\"v1-page43-p_662\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The legislative changes that become effective in 2007 had no material impact on the evaluation method adopted by the Group because the percentage of employees adhering to the funds at the relevant date was low and besides the greater part of employees of the companies of the Group is employed in companies that did not exceeded the limits, provided by the new law and calculated on the average number of employees in 2006, over which a company is obliged to contribute the accrued fund to the National Institute for Social Security (\"<span id=\"v1-page43-p_662.r_23\" style=\"font-weight: bold;\">INPS</span>\") when employees choose to keep their TFR in the company.</p><p class=\"heading\" id=\"v1-page43-p_663\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">During the financial year ended December 31, 2022, the Group introduced a long-term incentive plan in favor of certain employees, linked to certain economic indicators achieved by the Group in the medium term. In accordance with IAS 19, the cost of this plan is recognized on a straight-line basis over the duration of the plan, in the income statement under personnel costs, together with interest and remeasurements of the related liability.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058251": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_664\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Share based payments</p></li></ol><p class=\"heading\" id=\"v1-page43-p_665\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group has a stock option plan for the benefit of directors, employees and other personnel. As per IFRS 2 (\"Share based payments\"), stock option plans are valued at the fair value of the option at grant date, using methods that take into account the exercise price and vesting period of the option, the current stock price, the expected volatility and dividend payout of the shares, and the risk-free interest rate determined on the day of the option grant.\u00a0</p><p class=\"heading\" id=\"v1-page43-p_666\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of the grant date, the expense related to the stock option plan is recognized on a straight-line basis in personnel costs in the income statement over the vesting period of the option, and in a reserve in shareholders' equity.</p><p class=\"heading\" id=\"v1-page44-p_717\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0Stock options</p><p class=\"heading\" id=\"v1-page44-p_718\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The valuation of stock option plans is based on valuation techniques that take into consideration the expected volatility of share prices and the dividend yield. Should different assumptions be applied, the valuation of the stock option plans and the related expenses could be different.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058253": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_667\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Revenue recognition</p></li></ol><p class=\"heading\" id=\"v1-page43-p_668\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues and other income are recognized net of discounts, allowances and bonuses and of the provision for possible repayments of commissions upon early repayment or insolvency of brokered loans.</p><p class=\"heading\" id=\"v1-page43-p_669\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 15 provides for the recognition of revenues for an amount which reflects the compensation at which the entity believes to be entitled in the economic transaction with the customer for the transfer of products and services.</p><p class=\"heading\" id=\"v1-page43-p_670\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues are recognized in the income statement when it is probable that future economic benefits will flow to the Group.</p><p class=\"heading\" id=\"v1-page43-p_671\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The methods of revenue recognition for the main activities of the Group are as follows:\u00a0</p><p class=\"heading\" id=\"v1-page43-p_672\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0\u00a0Credit, insurance, telecommunications and energy broking services, and e-commerce price comparison</p><p class=\"heading\" id=\"v1-page43-p_673\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues from credit, insurance, telecommunications and energy broking services are recognized upon the actual disbursement of loans by lenders, the actual underwriting of contracts by insurance companies or the subscription of the contract for telecommunications or energy. The Group is entitled to receive its commission for the service provided only when the operation is closed with the disbursement of a loan. the activation/renewal of an insurance policy or a utility contract.</p><p class=\"heading\" id=\"v1-page43-p_674\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Those revenues include fees whose recognition is based on information coming from consumers and not yet confirmed by the client companies as of the end of the financial year.</p><p class=\"heading\" id=\"v1-page43-p_675\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues from e-commerce price comparison activities are recorded at the time of click (in the case of pay per click) or at the time of product purchase (in the case of pay per sale).</p><p class=\"heading\" id=\"v1-page43-p_676\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0\u00a0BPO services</p><p class=\"heading\" id=\"v1-page43-p_677\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues from BPO services are recognized based on the type of services provided and contractual conditions agreed with clients. In particular, we can identify the following categories of services provided:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_678\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">provision of services whose revenues accrue upon the completion of each phase of processing, regardless of the effective outcome of the process;\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_679\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">provision of services whose revenues accrue upon the completion of the processing and is subject to the effective closing of a transaction, such as a loan disbursement. In such case, the measurement of the revenue, in accordance with IFRS 15, depends on the stages effectively accomplished, on their contractual value, and the probabilities of success of the applications;\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_680\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">promotion and placement of financial products, whose revenues are represented by success fees based on the amount of the operations finalized;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_681\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">agreements which provide for document collection activities concerning Investment Services BPO. The standard provides for the evaluation of revenues based on their stand-alone selling price: when the unit value of any job is decreasing during the years of the contract effectiveness, without any justification deriving from economies of learning and at the same value of the service provided. Considering the ongoing agreement with the client, and the analysis performed on the basis of the available data, the Group believes it is not appropriate to proceed with a linearization of the unit value of revenues associated to each job;\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_682\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">agreements, regarding the provision of administrative credit collection services on behalf of insurance companies. In such case, we take into consideration, for the determination of the total compensation of the contract, both the possible implicit financial impact in transactions where the timing of payments agreed by the parties gives the customer a financial benefit, and the probability of cashing these receivables, on which the fees due to the company are established.</p></li></ul>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page43-body-tag4058252": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page43-p_667\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Revenue recognition</p></li></ol><p class=\"heading\" id=\"v1-page43-p_668\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues and other income are recognized net of discounts, allowances and bonuses and of the provision for possible repayments of commissions upon early repayment or insolvency of brokered loans.</p><p class=\"heading\" id=\"v1-page43-p_669\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 15 provides for the recognition of revenues for an amount which reflects the compensation at which the entity believes to be entitled in the economic transaction with the customer for the transfer of products and services.</p><p class=\"heading\" id=\"v1-page43-p_670\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues are recognized in the income statement when it is probable that future economic benefits will flow to the Group.</p><p class=\"heading\" id=\"v1-page43-p_671\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The methods of revenue recognition for the main activities of the Group are as follows:\u00a0</p><p class=\"heading\" id=\"v1-page43-p_672\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0\u00a0Credit, insurance, telecommunications and energy broking services, and e-commerce price comparison</p><p class=\"heading\" id=\"v1-page43-p_673\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues from credit, insurance, telecommunications and energy broking services are recognized upon the actual disbursement of loans by lenders, the actual underwriting of contracts by insurance companies or the subscription of the contract for telecommunications or energy. The Group is entitled to receive its commission for the service provided only when the operation is closed with the disbursement of a loan. the activation/renewal of an insurance policy or a utility contract.</p><p class=\"heading\" id=\"v1-page43-p_674\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Those revenues include fees whose recognition is based on information coming from consumers and not yet confirmed by the client companies as of the end of the financial year.</p><p class=\"heading\" id=\"v1-page43-p_675\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues from e-commerce price comparison activities are recorded at the time of click (in the case of pay per click) or at the time of product purchase (in the case of pay per sale).</p><p class=\"heading\" id=\"v1-page43-p_676\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0\u00a0BPO services</p><p class=\"heading\" id=\"v1-page43-p_677\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Revenues from BPO services are recognized based on the type of services provided and contractual conditions agreed with clients. In particular, we can identify the following categories of services provided:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_678\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">provision of services whose revenues accrue upon the completion of each phase of processing, regardless of the effective outcome of the process;\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_679\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">provision of services whose revenues accrue upon the completion of the processing and is subject to the effective closing of a transaction, such as a loan disbursement. In such case, the measurement of the revenue, in accordance with IFRS 15, depends on the stages effectively accomplished, on their contractual value, and the probabilities of success of the applications;\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_680\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">promotion and placement of financial products, whose revenues are represented by success fees based on the amount of the operations finalized;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_681\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">agreements which provide for document collection activities concerning Investment Services BPO. The standard provides for the evaluation of revenues based on their stand-alone selling price: when the unit value of any job is decreasing during the years of the contract effectiveness, without any justification deriving from economies of learning and at the same value of the service provided. Considering the ongoing agreement with the client, and the analysis performed on the basis of the available data, the Group believes it is not appropriate to proceed with a linearization of the unit value of revenues associated to each job;\u00a0</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page43-p_682\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">agreements, regarding the provision of administrative credit collection services on behalf of insurance companies. In such case, we take into consideration, for the determination of the total compensation of the contract, both the possible implicit financial impact in transactions where the timing of payments agreed by the parties gives the customer a financial benefit, and the probability of cashing these receivables, on which the fees due to the company are established.</p></li></ul>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058254": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_683\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Government grants</p></li></ol><p class=\"heading\" id=\"v1-page44-p_684\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Government grants are recognized when it is reasonably certain that the Group will respect the related conditions and they will be received.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058255": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_685\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Cost recognition</p></li></ol><p class=\"heading\" id=\"v1-page44-p_686\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Costs are recognized as the assets and services are consumed during the relevant period or when they are sustained. when it is not possible to determine future economic benefits.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058258": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_687\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial income and expenses</p></li></ol><p class=\"heading\" id=\"v1-page44-p_688\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Interest income and expenses are recognized in the accrual period on the net value of the relevant financial assets and liabilities using the effective interest rate method.</p><p class=\"heading\" id=\"v1-page44-p_689\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial expenses are recognized on an accrual basis and recorded in the income statement in the accrual period.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058257": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_687\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial income and expenses</p></li></ol><p class=\"heading\" id=\"v1-page44-p_688\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Interest income and expenses are recognized in the accrual period on the net value of the relevant financial assets and liabilities using the effective interest rate method.</p><p class=\"heading\" id=\"v1-page44-p_689\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial expenses are recognized on an accrual basis and recorded in the income statement in the accrual period.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058256": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_687\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial income and expenses</p></li></ol><p class=\"heading\" id=\"v1-page44-p_688\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Interest income and expenses are recognized in the accrual period on the net value of the relevant financial assets and liabilities using the effective interest rate method.</p><p class=\"heading\" id=\"v1-page44-p_689\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial expenses are recognized on an accrual basis and recorded in the income statement in the accrual period.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058391": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_690\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Taxation</p></li></ol><p class=\"heading\" id=\"v1-page44-p_691\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Current income taxes are accounted on the basis of estimated taxable income and the relevant applicable tax rates.</p><p class=\"heading\" id=\"v1-page44-p_692\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Deferred income taxes are determined based on temporary differences arising between the tax bases of assets and liabilities (excluding goodwill) and their carrying amounts, and differences arising from undistributed reserves registered in the shareholders' equity of the subsidiaries when the timing of reversal of these differences is under the Group's control and they will probably reverse within a reliably foreseeable period. Deferred income tax assets, including those on tax loss carryforwards, and not offset by deferred tax liabilities, are recognized to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilized. Deferred income taxes are calculated using tax rates (and laws) that are expected to apply when the related deferred income tax assets are realized or the deferred income tax liabilities are settled.\u00a0</p><p class=\"heading\" id=\"v1-page44-p_693\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Current and deferred income taxes are recognized in the income statement with the exception of the items that are recognized directly in shareholders' equity in which case the tax effect is accounted for in the relevant equity reserve, Current and deferred tax assets and liabilities are netted only when the entity has a legally enforceable right to offset the recognized amounts.</p><p class=\"heading\" id=\"v1-page44-p_694\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Substitute tax relates to the revaluation of assets according to Italian tax legislation and is recognized in income tax expense in the income statement. Other taxes, not related to income, are recognized in other operating costs in the income statement.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058390": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_690\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Taxation</p></li></ol><p class=\"heading\" id=\"v1-page44-p_691\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Current income taxes are accounted on the basis of estimated taxable income and the relevant applicable tax rates.</p><p class=\"heading\" id=\"v1-page44-p_692\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Deferred income taxes are determined based on temporary differences arising between the tax bases of assets and liabilities (excluding goodwill) and their carrying amounts, and differences arising from undistributed reserves registered in the shareholders' equity of the subsidiaries when the timing of reversal of these differences is under the Group's control and they will probably reverse within a reliably foreseeable period. Deferred income tax assets, including those on tax loss carryforwards, and not offset by deferred tax liabilities, are recognized to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilized. Deferred income taxes are calculated using tax rates (and laws) that are expected to apply when the related deferred income tax assets are realized or the deferred income tax liabilities are settled.\u00a0</p><p class=\"heading\" id=\"v1-page44-p_693\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Current and deferred income taxes are recognized in the income statement with the exception of the items that are recognized directly in shareholders' equity in which case the tax effect is accounted for in the relevant equity reserve, Current and deferred tax assets and liabilities are netted only when the entity has a legally enforceable right to offset the recognized amounts.</p><p class=\"heading\" id=\"v1-page44-p_694\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Substitute tax relates to the revaluation of assets according to Italian tax legislation and is recognized in income tax expense in the income statement. Other taxes, not related to income, are recognized in other operating costs in the income statement.</p><p class=\"heading\" id=\"v1-page44-p_715\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0Deferred taxes</p><p class=\"heading\" id=\"v1-page44-p_716\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Deferred tax assets/liabilities are recognized on the basis of expectations of future earnings. The estimate of future earnings for purposes of the recognition of deferred taxes depends on factors that could vary over time and significantly affect the amount of deferred tax assets/liabilities.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058394": {
   "value": "<p id=\"v1-page44-p_695\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial instruments</p><p class=\"heading\" id=\"v1-page44-p_696\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</p><p class=\"heading\" id=\"v1-page44-p_697\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">IFRS 9 Adoption</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_698\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 9 sets out the accounting of financial instruments with reference to the following areas: classification and measurement, impairment and hedge accounting.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_699\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main areas of intervention on the discipline operated by the standard are described below.</p></li></ol><p class=\"heading\" id=\"v1-page44-p_700\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Classification and measurement of the financial assets and liabilities</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_701\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group does not own at present any financial liability measured at fair value through profit and loss due to the adoption of the so-called fair value option.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_702\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Concerning financial assets, the new standard provides that the classification of the assets depends on the characteristics of the financial flows linked to such assets and to the business model used by the Group for their management. The Group at present does not own nor managed during the financial year any financial asset, such as debt securities, with sale purpose nor in absolute terms, except for the financial instruments managed as part of the core business of the company Centro Finanziamenti S.p.A. and for the financial instruments acquired following the change in the consolidation area occurred in the period. In addition, the Group does not own participations as investments which could be included under IFRS 9 or derivatives, even embedded ones. Trade receivables are held to be cashed at the contractual maturities of the cash flows related to them in capital and interest, where applicable. The Group assessed the characteristics of the contractual cash flows of these instruments and concluded that they respect the criteria for the measurement at amortized cost according to IFRS 9. Therefore, it was not necessary to reclassify these financial instruments. We can reach the same conclusions for the items recorded as cash and cash equivalents.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_703\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Impairment</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_704\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page44-p_704.r_0\" style=\"font-family: 'Garamond';\">IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on every trade receivable based on their residual contractual duration. The standard allows the adoption of matrixes for the measurement of the provision, capable of incorporating forecast information and not limited to historical evidences, as a practical expedient. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</span><span id=\"v1-page44-p_704.r_17\" style=\"font-size: 11pt;\">\u00a0</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_705\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Hedge accounting\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_706\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Given that IFRS 9 does not modify the general principle according to which an entity accounts for the effective hedging instruments, the main changes compared to the previous regulation IAS 39 are the following: (i) the hedge effectiveness test is only perspective and can also be based on qualitative aspects, replacing the previous 80-125% test and focusing on the economic relationship between hedge and hedged element; (ii) the possibility to designate as subject to hedging only a component of risk also for non-financial elements (provided that the risk component can be separately identifiable and reliably estimated); (iii) introduction of the cost of hedging concept; (iv) greater possibility to designate groups of elements as subject to hedging, including stratifications and some net positions. Without hedge accounting, the changes in the fair value of derivatives will continue to be recorded in the income statement.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058393": {
   "value": "<p id=\"v1-page44-p_695\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial instruments</p><p class=\"heading\" id=\"v1-page44-p_696\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</p><p class=\"heading\" id=\"v1-page44-p_697\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">IFRS 9 Adoption</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_698\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 9 sets out the accounting of financial instruments with reference to the following areas: classification and measurement, impairment and hedge accounting.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_699\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main areas of intervention on the discipline operated by the standard are described below.</p></li></ol><p class=\"heading\" id=\"v1-page44-p_700\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Classification and measurement of the financial assets and liabilities</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_701\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group does not own at present any financial liability measured at fair value through profit and loss due to the adoption of the so-called fair value option.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_702\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Concerning financial assets, the new standard provides that the classification of the assets depends on the characteristics of the financial flows linked to such assets and to the business model used by the Group for their management. The Group at present does not own nor managed during the financial year any financial asset, such as debt securities, with sale purpose nor in absolute terms, except for the financial instruments managed as part of the core business of the company Centro Finanziamenti S.p.A. and for the financial instruments acquired following the change in the consolidation area occurred in the period. In addition, the Group does not own participations as investments which could be included under IFRS 9 or derivatives, even embedded ones. Trade receivables are held to be cashed at the contractual maturities of the cash flows related to them in capital and interest, where applicable. The Group assessed the characteristics of the contractual cash flows of these instruments and concluded that they respect the criteria for the measurement at amortized cost according to IFRS 9. Therefore, it was not necessary to reclassify these financial instruments. We can reach the same conclusions for the items recorded as cash and cash equivalents.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_703\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Impairment</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_704\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page44-p_704.r_0\" style=\"font-family: 'Garamond';\">IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on every trade receivable based on their residual contractual duration. The standard allows the adoption of matrixes for the measurement of the provision, capable of incorporating forecast information and not limited to historical evidences, as a practical expedient. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</span><span id=\"v1-page44-p_704.r_17\" style=\"font-size: 11pt;\">\u00a0</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_705\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Hedge accounting\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_706\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Given that IFRS 9 does not modify the general principle according to which an entity accounts for the effective hedging instruments, the main changes compared to the previous regulation IAS 39 are the following: (i) the hedge effectiveness test is only perspective and can also be based on qualitative aspects, replacing the previous 80-125% test and focusing on the economic relationship between hedge and hedged element; (ii) the possibility to designate as subject to hedging only a component of risk also for non-financial elements (provided that the risk component can be separately identifiable and reliably estimated); (iii) introduction of the cost of hedging concept; (iv) greater possibility to designate groups of elements as subject to hedging, including stratifications and some net positions. Without hedge accounting, the changes in the fair value of derivatives will continue to be recorded in the income statement.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058392": {
   "value": "<p id=\"v1-page44-p_695\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Financial instruments</p><p class=\"heading\" id=\"v1-page44-p_696\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</p><p class=\"heading\" id=\"v1-page44-p_697\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">IFRS 9 Adoption</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_698\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 9 sets out the accounting of financial instruments with reference to the following areas: classification and measurement, impairment and hedge accounting.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_699\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main areas of intervention on the discipline operated by the standard are described below.</p></li></ol><p class=\"heading\" id=\"v1-page44-p_700\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Classification and measurement of the financial assets and liabilities</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_701\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group does not own at present any financial liability measured at fair value through profit and loss due to the adoption of the so-called fair value option.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_702\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Concerning financial assets, the new standard provides that the classification of the assets depends on the characteristics of the financial flows linked to such assets and to the business model used by the Group for their management. The Group at present does not own nor managed during the financial year any financial asset, such as debt securities, with sale purpose nor in absolute terms, except for the financial instruments managed as part of the core business of the company Centro Finanziamenti S.p.A. and for the financial instruments acquired following the change in the consolidation area occurred in the period. In addition, the Group does not own participations as investments which could be included under IFRS 9 or derivatives, even embedded ones. Trade receivables are held to be cashed at the contractual maturities of the cash flows related to them in capital and interest, where applicable. The Group assessed the characteristics of the contractual cash flows of these instruments and concluded that they respect the criteria for the measurement at amortized cost according to IFRS 9. Therefore, it was not necessary to reclassify these financial instruments. We can reach the same conclusions for the items recorded as cash and cash equivalents.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_703\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Impairment</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_704\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page44-p_704.r_0\" style=\"font-family: 'Garamond';\">IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on every trade receivable based on their residual contractual duration. The standard allows the adoption of matrixes for the measurement of the provision, capable of incorporating forecast information and not limited to historical evidences, as a practical expedient. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</span><span id=\"v1-page44-p_704.r_17\" style=\"font-size: 11pt;\">\u00a0</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_705\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Hedge accounting\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_706\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Given that IFRS 9 does not modify the general principle according to which an entity accounts for the effective hedging instruments, the main changes compared to the previous regulation IAS 39 are the following: (i) the hedge effectiveness test is only perspective and can also be based on qualitative aspects, replacing the previous 80-125% test and focusing on the economic relationship between hedge and hedged element; (ii) the possibility to designate as subject to hedging only a component of risk also for non-financial elements (provided that the risk component can be separately identifiable and reliably estimated); (iii) introduction of the cost of hedging concept; (iv) greater possibility to designate groups of elements as subject to hedging, including stratifications and some net positions. Without hedge accounting, the changes in the fair value of derivatives will continue to be recorded in the income statement.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058395": {
   "value": "<p class=\"heading\" id=\"v1-page44-p_696\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</p><p class=\"heading\" id=\"v1-page44-p_697\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">IFRS 9 Adoption</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_698\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 9 sets out the accounting of financial instruments with reference to the following areas: classification and measurement, impairment and hedge accounting.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_699\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main areas of intervention on the discipline operated by the standard are described below.</p></li></ol><p class=\"heading\" id=\"v1-page44-p_700\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Classification and measurement of the financial assets and liabilities</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_701\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group does not own at present any financial liability measured at fair value through profit and loss due to the adoption of the so-called fair value option.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_702\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Concerning financial assets, the new standard provides that the classification of the assets depends on the characteristics of the financial flows linked to such assets and to the business model used by the Group for their management. The Group at present does not own nor managed during the financial year any financial asset, such as debt securities, with sale purpose nor in absolute terms, except for the financial instruments managed as part of the core business of the company Centro Finanziamenti S.p.A. and for the financial instruments acquired following the change in the consolidation area occurred in the period. In addition, the Group does not own participations as investments which could be included under IFRS 9 or derivatives, even embedded ones. Trade receivables are held to be cashed at the contractual maturities of the cash flows related to them in capital and interest, where applicable. The Group assessed the characteristics of the contractual cash flows of these instruments and concluded that they respect the criteria for the measurement at amortized cost according to IFRS 9. Therefore, it was not necessary to reclassify these financial instruments. We can reach the same conclusions for the items recorded as cash and cash equivalents.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_703\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Impairment</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_704\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page44-p_704.r_0\" style=\"font-family: 'Garamond';\">IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on every trade receivable based on their residual contractual duration. The standard allows the adoption of matrixes for the measurement of the provision, capable of incorporating forecast information and not limited to historical evidences, as a practical expedient. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</span><span id=\"v1-page44-p_704.r_17\" style=\"font-size: 11pt;\">\u00a0</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_705\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Hedge accounting\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_706\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Given that IFRS 9 does not modify the general principle according to which an entity accounts for the effective hedging instruments, the main changes compared to the previous regulation IAS 39 are the following: (i) the hedge effectiveness test is only perspective and can also be based on qualitative aspects, replacing the previous 80-125% test and focusing on the economic relationship between hedge and hedged element; (ii) the possibility to designate as subject to hedging only a component of risk also for non-financial elements (provided that the risk component can be separately identifiable and reliably estimated); (iii) introduction of the cost of hedging concept; (iv) greater possibility to designate groups of elements as subject to hedging, including stratifications and some net positions. Without hedge accounting, the changes in the fair value of derivatives will continue to be recorded in the income statement.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058397": {
   "value": "<p class=\"heading\" id=\"v1-page44-p_700\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Classification and measurement of the financial assets and liabilities</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_701\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group does not own at present any financial liability measured at fair value through profit and loss due to the adoption of the so-called fair value option.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_702\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Concerning financial assets, the new standard provides that the classification of the assets depends on the characteristics of the financial flows linked to such assets and to the business model used by the Group for their management. The Group at present does not own nor managed during the financial year any financial asset, such as debt securities, with sale purpose nor in absolute terms, except for the financial instruments managed as part of the core business of the company Centro Finanziamenti S.p.A. and for the financial instruments acquired following the change in the consolidation area occurred in the period. In addition, the Group does not own participations as investments which could be included under IFRS 9 or derivatives, even embedded ones. Trade receivables are held to be cashed at the contractual maturities of the cash flows related to them in capital and interest, where applicable. The Group assessed the characteristics of the contractual cash flows of these instruments and concluded that they respect the criteria for the measurement at amortized cost according to IFRS 9. Therefore, it was not necessary to reclassify these financial instruments. We can reach the same conclusions for the items recorded as cash and cash equivalents.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_703\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Impairment</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_704\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page44-p_704.r_0\" style=\"font-family: 'Garamond';\">IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on every trade receivable based on their residual contractual duration. The standard allows the adoption of matrixes for the measurement of the provision, capable of incorporating forecast information and not limited to historical evidences, as a practical expedient. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</span><span id=\"v1-page44-p_704.r_17\" style=\"font-size: 11pt;\">\u00a0</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_705\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Hedge accounting\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_706\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Given that IFRS 9 does not modify the general principle according to which an entity accounts for the effective hedging instruments, the main changes compared to the previous regulation IAS 39 are the following: (i) the hedge effectiveness test is only perspective and can also be based on qualitative aspects, replacing the previous 80-125% test and focusing on the economic relationship between hedge and hedged element; (ii) the possibility to designate as subject to hedging only a component of risk also for non-financial elements (provided that the risk component can be separately identifiable and reliably estimated); (iii) introduction of the cost of hedging concept; (iv) greater possibility to designate groups of elements as subject to hedging, including stratifications and some net positions. Without hedge accounting, the changes in the fair value of derivatives will continue to be recorded in the income statement.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058396": {
   "value": "<p class=\"heading\" id=\"v1-page44-p_700\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Classification and measurement of the financial assets and liabilities</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_701\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group does not own at present any financial liability measured at fair value through profit and loss due to the adoption of the so-called fair value option.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 12pt;\"><p id=\"v1-page44-p_702\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Concerning financial assets, the new standard provides that the classification of the assets depends on the characteristics of the financial flows linked to such assets and to the business model used by the Group for their management. The Group at present does not own nor managed during the financial year any financial asset, such as debt securities, with sale purpose nor in absolute terms, except for the financial instruments managed as part of the core business of the company Centro Finanziamenti S.p.A. and for the financial instruments acquired following the change in the consolidation area occurred in the period. In addition, the Group does not own participations as investments which could be included under IFRS 9 or derivatives, even embedded ones. Trade receivables are held to be cashed at the contractual maturities of the cash flows related to them in capital and interest, where applicable. The Group assessed the characteristics of the contractual cash flows of these instruments and concluded that they respect the criteria for the measurement at amortized cost according to IFRS 9. Therefore, it was not necessary to reclassify these financial instruments. We can reach the same conclusions for the items recorded as cash and cash equivalents.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_703\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Impairment</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_704\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page44-p_704.r_0\" style=\"font-family: 'Garamond';\">IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on every trade receivable based on their residual contractual duration. The standard allows the adoption of matrixes for the measurement of the provision, capable of incorporating forecast information and not limited to historical evidences, as a practical expedient. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</span><span id=\"v1-page44-p_704.r_17\" style=\"font-size: 11pt;\">\u00a0</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_705\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Hedge accounting\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_706\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Given that IFRS 9 does not modify the general principle according to which an entity accounts for the effective hedging instruments, the main changes compared to the previous regulation IAS 39 are the following: (i) the hedge effectiveness test is only perspective and can also be based on qualitative aspects, replacing the previous 80-125% test and focusing on the economic relationship between hedge and hedged element; (ii) the possibility to designate as subject to hedging only a component of risk also for non-financial elements (provided that the risk component can be separately identifiable and reliably estimated); (iii) introduction of the cost of hedging concept; (iv) greater possibility to designate groups of elements as subject to hedging, including stratifications and some net positions. Without hedge accounting, the changes in the fair value of derivatives will continue to be recorded in the income statement.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058398": {
   "value": "<p id=\"v1-page44-p_703\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Impairment</p><p id=\"v1-page44-p_704\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page44-p_704.r_0\" style=\"font-family: 'Garamond';\">IFRS 9 requires the Group to record expected credit losses on all its debt securities, loans and trade receivables, either over a 12-month period or on a lifetime basis (e.g. lifetime expected loss). The Group opted for the simplified approach and therefore records the expected losses on every trade receivable based on their residual contractual duration. The standard allows the adoption of matrixes for the measurement of the provision, capable of incorporating forecast information and not limited to historical evidences, as a practical expedient. The Group however continues to analytically consider the specificity of the sector and of some clients in its assessments.</span><span id=\"v1-page44-p_704.r_17\" style=\"font-size: 11pt;\">\u00a0</span></p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058399": {
   "value": "<p id=\"v1-page44-p_705\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Hedge accounting\u00a0</p><p id=\"v1-page44-p_706\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Given that IFRS 9 does not modify the general principle according to which an entity accounts for the effective hedging instruments, the main changes compared to the previous regulation IAS 39 are the following: (i) the hedge effectiveness test is only perspective and can also be based on qualitative aspects, replacing the previous 80-125% test and focusing on the economic relationship between hedge and hedged element; (ii) the possibility to designate as subject to hedging only a component of risk also for non-financial elements (provided that the risk component can be separately identifiable and reliably estimated); (iii) introduction of the cost of hedging concept; (iv) greater possibility to designate groups of elements as subject to hedging, including stratifications and some net positions. Without hedge accounting, the changes in the fair value of derivatives will continue to be recorded in the income statement.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058400": {
   "value": "<p id=\"v1-page44-p_707\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Earnings per share\u00a0</p><p class=\"heading\" id=\"v1-page44-p_708\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0Basic</p><p class=\"heading\" id=\"v1-page44-p_709\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Basic earnings per share are calculated by dividing the net income attributable to the Group by the weighted average number of ordinary shares outstanding during the year, excluding own shares.</p><p class=\"heading\" id=\"v1-page44-p_710\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0Diluted</p><p class=\"heading\" id=\"v1-page44-p_711\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Diluted earnings per share are calculated by adjusting the weighted average number of ordinary shares outstanding, excluding own shares, assuming the exercise of all potentially dilutive rights, whilst the Group's net income is adjusted to account for the effect of the conversion, net of taxes. The diluted earnings per share are not calculated in the event of losses, given that any such calculation would result in an improvement in the Group's results.</p>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058401": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-UpperLetter\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_712\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Accounting estimates and judgments</p></li></ol><p class=\"heading\" id=\"v1-page44-p_713\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The preparation of the financial statements requires the application by the directors of principles and accounting methodologies that sometimes require the use of estimates and judgments based on historical experience and other assumptions that are believed to be reasonable under the circumstances. The application of these estimates and assumptions impacts on the amounts included in the statement of financial position, income statement, statement of cash flows and the notes to the financial statements. The resulting accounting estimates could differ from the related actual results because of the uncertainty influencing the assumptions.</p><p class=\"heading\" id=\"v1-page44-p_714\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are discussed below.</p><p class=\"heading\" id=\"v1-page44-p_715\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(a) \u00a0\u00a0\u00a0\u00a0Deferred taxes</p><p class=\"heading\" id=\"v1-page44-p_716\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Deferred tax assets/liabilities are recognized on the basis of expectations of future earnings. The estimate of future earnings for purposes of the recognition of deferred taxes depends on factors that could vary over time and significantly affect the amount of deferred tax assets/liabilities.</p><p class=\"heading\" id=\"v1-page44-p_717\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(b) \u00a0\u00a0\u00a0\u00a0Stock options</p><p class=\"heading\" id=\"v1-page44-p_718\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The valuation of stock option plans is based on valuation techniques that take into consideration the expected volatility of share prices and the dividend yield. Should different assumptions be applied, the valuation of the stock option plans and the related expenses could be different.</p><p class=\"heading\" id=\"v1-page44-p_719\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(c) \u00a0\u00a0\u00a0\u00a0Impairment test for the evaluation of goodwill and participations</p><p class=\"heading\" id=\"v1-page44-p_720\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The impairment test provides for the use of valuation methods based on estimations and assumptions which could be subject to significant changes with subsequent impacts on the results of the evaluations done.</p><p class=\"heading\" id=\"v1-page44-p_721\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">(d) \u00a0\u00a0\u00a0\u00a0Fair value of net assets acquired in a business combination\u00a0</p><p class=\"heading\" id=\"v1-page44-p_722\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Pursuant to IFRS 3, the Group records the identifiable acquired assets and liabilities at fair value as of the date of acquisition of control. The residual amount is recorded as goodwill arising from the acquisition. These values are determined by estimating the identifiable assets and liabilities, based on reasonable and realistic assumptions using the information available at the date when control was acquired, which had an effect on the value of the recognized assets, liabilities and goodwill, as well as on the revenues and expenses for the period.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058468": {
   "value": "<p id=\"v1-page44-p_723\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">New principles effective starting from the financial year ended December 31, 2022 not relevant to the Group</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_724\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following standards, amendments and interpretations, applicable from January 1st , 2022, are not relevant or they did not involve effects for the Group:</p></li></ol><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_725\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Reference to the Conceptual Framework - Amendments to IFRS 3;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_726\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Property, Plant and Equipment: Proceeds before Intended Use - Amendments to IAS 16;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_727\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Onerous Contracts - Costs of Fulfilling a Contract - Amendments to IAS 37;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_728\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 1 First-time Adoption of International Financial Reporting Standards - Subsidiary as a first-time adopter;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_729\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 9 Financial Instruments - \"10 per cent\" test for derecognition of financial liabilities;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_730\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IAS 41 Agriculture - Taxation in fair value measurements<span id=\"v1-page44-p_730.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt;\">.</span></p></li></ul>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058402": {
   "value": "<p id=\"v1-page44-p_723\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">New principles effective starting from the financial year ended December 31, 2022 not relevant to the Group</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_724\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following standards, amendments and interpretations, applicable from January 1st , 2022, are not relevant or they did not involve effects for the Group:</p></li></ol><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_725\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Reference to the Conceptual Framework - Amendments to IFRS 3;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_726\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Property, Plant and Equipment: Proceeds before Intended Use - Amendments to IAS 16;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_727\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Onerous Contracts - Costs of Fulfilling a Contract - Amendments to IAS 37;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_728\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 1 First-time Adoption of International Financial Reporting Standards - Subsidiary as a first-time adopter;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_729\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IFRS 9 Financial Instruments - \"10 per cent\" test for derecognition of financial liabilities;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page44-p_730\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">IAS 41 Agriculture - Taxation in fair value measurements<span id=\"v1-page44-p_730.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt;\">.</span></p></li></ul>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page44-body-tag4058469": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page44-p_733\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Financial risk analysis</p></li></ol><p class=\"heading\" id=\"v1-page44-p_734\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Risk management of the Group is based on the principle that operating risk or financial risk is managed by the person in charge of the business process involved.</p><p class=\"heading\" id=\"v1-page44-p_735\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main risks are reported and discussed at Group top management level in order to create the conditions for their coverage, assurance and assessment of residual risk.</p><p class=\"heading\" id=\"v1-page44-p_736\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Exchange and interest rate risk</p><p class=\"heading\" id=\"v1-page44-p_737\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Currently the financial risk management policies of the companies of the Group provide a balanced split between fixed-rate and variable-rate loans, aimed at optimizing the cost of the loans over time. As of today, the risk of incurring greater interest costs as a result of unfavorable variations of market interest rates, as better analyzed in the following, is mitigated by the subscription of hedging derivatives, which change the rate from floating to fixed, on a portion of the Group's debt.</p><p class=\"heading\" id=\"v1-page44-p_738\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Intesa SanPaolo S.p.A., signed on July 29, 2022, is equal to 6-month Euribor increased by 2.00%. In addition, on 60% of the disbursed amount, and until December 31, 2026, a derivative contract was signed to hedge the interest rate, which is converted to a fixed rate at 1.396%, increased by the margin of 2.00%.</p><p class=\"heading\" id=\"v1-page44-p_739\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Credit Agricole Italia S.p.A., signed on August 9, 2022, is equal to 3-months Euribor, increased by a spread of 1.65%.\u00a0</p><p class=\"heading\" id=\"v1-page44-p_740\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Unicredit S.p.A., signed on August 9, 2022, is equal to 3-months Euribor, increased by a spread of 1.80%. In addition, on 60% of the financed amount, equal to Euro 30,000 thousand, and until August 29, 2025, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 1.435%, increased by the margin of 1.80%.\u00a0</p><p class=\"heading\" id=\"v1-page44-p_741\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Banco BPM S.p.A., signed on September 5, 2022, is equal to 6-months Euribor, increased by a spread of 1.80% on a credit line equal to Euro 35,000 thousand (\"Line A\"), and a spread of 2.00% on a bullet credit line equal to Euro 15,000 thousand (\"Line B\"). In addition, on 50% of the financed amount, and until the expiration date of each credit line, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 2.39% for the Line A, and 2.485% for the Line B, increased by the margins described above, and is subject to change over the term of the contract based on the change in the ratio between Net Financial Debt and EBITDA.</p><p class=\"heading\" id=\"v1-page45-p_742\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Credito Emiliano S.p.A., signed on November 2, 2022, is equal to 1-month Euribor, increased by a spread of 0.90%.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page45-p_743\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the bank loan from Cr\u00e9dit Agricole Italia S.p.A., signed on June 28, 2018, is equal to 3-month Euribor increased by 0.90%, and it is subject to change during the length of the contract based on the change of the ratio between Net Financial Indebtedness and EBITDA.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page45-p_744\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The interest rate on the loan from Unicredit S.p.A., obtained on February 26, 2021, is equal to 3-month Euribor increased by 1.60%. On such loan the Issuer subscribed a derivative hedging the variable rate, which converts the 3-months Euribor interest rate into a yearly fixed rate of -0.15%.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page45-p_745\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">A possible unfavorable variation of the Euribor, equal to 1.0%, should produce an additional overall expense for the Group equal to Euro 1,575 thousand in 2023.\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page45-p_746\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For the remaining loans already described in paragraph 2.4.1. a fixed rate is applied instead.</p><p class=\"heading\" id=\"v1-page45-p_747\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regards to the coverage of exchange rate risk, it is worth pointing out that, as of the reference date of this report, there are no significant assets or liabilities denominated in currencies different from the Euro, with the exception of the Moneysupermarket.com Group PLC shares, amounting to Euro 95,448 thousand as of December 31, 2022, denominated in sterling, whose fluctuation can be considered limited.\u00a0</p><p class=\"heading\" id=\"v1-page45-p_748\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Therefore, this risk is considered limited for the Group.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page45-body-tag4058470": {
   "value": "<p class=\"heading\" id=\"v1-page45-p_749\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Credit risk</p><p class=\"heading\" id=\"v1-page45-p_750\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The current assets of the Group, with the exception of cash and cash equivalents, are constituted mainly by trade receivables for an amount of Euro 124,186 thousand, of which the overdue portion as of December 31, 2022 is equal to Euro 36,790 thousand, of which Euro 13,282 thousand is overdue for over 90 days.</p><p class=\"heading\" id=\"v1-page45-p_751\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Most of the gross overdue receivables were paid by the clients during the first months of 2023. As of the date of approval of this report, receivables not yet collected, overdue as of December 31, 2022, amount to Euro 15,782 thousand, of which Euro 9,395 thousand are receivables already overdue for over 90 days as of December 31, 2022.</p><p class=\"heading\" id=\"v1-page45-p_752\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Trade receivables are mainly from banks and other financial institutions, insurance companies, leasing/rental companies and public entities, considered highly reliable but, facing receivables for which we consider a credit risk could arise, we allotted an allowance for doubtful receivables equal to Euro 7,571 thousand.</p><p class=\"heading\" id=\"v1-page45-p_753\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Group monitors counterparty risk by analyzing the solvency and standing of customers before entering into business relations with them and trying to limit an excessively high concentration of receivables from a few counterparties.</p><p class=\"heading\" id=\"v1-page45-p_754\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For this purpose, it is worth mentioning that we do not notice any significant concentration of revenues on any client: in 2022 the revenues from the main client of the Group represent 5.4% of total consolidated revenues.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page45-body-tag4058471": {
   "value": "<p class=\"heading\" id=\"v1-page45-p_755\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Liquidity risk</p><p class=\"heading\" id=\"v1-page45-p_756\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Liquidity risk represents the risk that a company is not able to procure financial resources to support short-term operations.</p><p id=\"v1-page45-p_757\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The total amount of liquidity as of December 31, 2022 is Euro\u00a0<span id=\"v1-page45-p_757.r_7\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt;\">269,647\u00a0</span>thousand, and current financial liabilities equal to Euro 66,294 thousand; therefore, the management believes that liquidity risk for the Group is limited, eventaking into account the disbursement of Euro 159,194 thousand on February 1<sup id=\"v1-page45-p_757.r_32\">st</sup>, 2023, related to the payment for the acquisition of 100% of the capital of Rastreator.com Ltd, Preminen Price Comparison Holdings Ltd and LeLynx SAS.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page45-body-tag4058472": {
   "value": "<p class=\"heading\" id=\"v1-page45-p_762\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Operating risk and going concern</p><p class=\"heading\" id=\"v1-page45-p_763\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The technological component is an essential element for the operating activities of the Group; therefore, there is the risk that the possible malfunctioning of the technological infrastructure may cause an interruption of client services or loss of data. However, the companies of the Group have developed a series of plans, procedures and tools to guarantee business continuity and data security.\u00a0</p><p class=\"heading\" id=\"v1-page45-p_764\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Considering the economic and financial situation, in particular the level of available reserves, and taking into account the trend of the net working capital and of the economic and financial situation, the separated and consolidated financial reports have been prepared considering the assumption of going concern, respected.</p><p class=\"heading\" id=\"v1-page45-p_765\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It should also be considered that the Group, as in previous years, achieved positive economic results, and, despite uncertain macroeconomic scenarios, that future economic forecasts are also positive. Finally, the Group has adequate financial resources to meet its future obligations over a period of at least 12 months from the date of approval of the financial statements, and it can, where necessary, activate additional levers to rapidly liquidate significant investments.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page45-body-tag4058473": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page45-p_769\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Segment reporting</p></li></ol><p class=\"heading\" id=\"v1-page45-p_770\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The primary segment reporting is by business segments; the board of directors of the Issuer identifies the business segments of the Group in Broking and BPO Division:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page45-p_771\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page45-p_771.r_0\" style=\"font-weight: bold;\">Broking Division</span>: the division operates in the Italian market for credit and insurance distribution, operating as a credit intermediary and insurance broker. The credit products that we broker are mainly mortgages and personal loans, provided to retail clients primarily through remote channels and secondarily through the territorial network. The lenders using the credit intermediation services of the Broking Division are primary universal and specialized banks and include some of the main financial institutions operating in the Italian market. The brokered insurance products are mainly auto and motorcycle insurance policies, distributed through remote channels. Moreover, the Division also performs comparison and/or promotion of further products, including e-commerce products, bank accounts and utilities (ADSL, electricity and gas). Since February 2023, the division has extended its presence to Spain, France and Mexico, where it conducts online distribution mainly of insurance products.</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page45-p_772\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page45-p_772.r_0\" style=\"font-weight: bold;\">BPO Division (Business Process Outsourcing Division)</span>: operates in the Italian market for outsourcing services to financial institutions, which consist principally of performing complex commercial, underwriting and portfolio servicing activities related to mortgages and CQ Loans, in the market for management and claim settlement outsourcing services, in the market of BPO and IT services for leasing and long-term rental operators and, finally, in the market for the provision of back office outsourcing services supporting financial advisors and investment companies. The financial institutions using the services of the BPO Division include primary national and international financial institutions.</p></li></ul><p class=\"heading\" id=\"v1-page45-p_773\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Detailed information relative to each division is provided below. For this purpose, it is worth highlighting that the allocation of the costs incurred by the Issuer and by PP&amp;E S.r.l. for the benefit of each Division is based on the relevant headcount in Italy at the end of the period.</p><p class=\"heading\" id=\"v1-page45-p_774\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Revenues by Division</p><p id=\"v1-page45-p_775\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page45-tbl_10\" style=\"border-collapse: collapse;width: 5,792in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 241pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td></tr><tr id=\"v1-page45-tbl_10.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page45-tbl_10.tr_0.tc_0\" style=\"width: 241pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page45-tbl_10.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page45-tbl_10.tr_0.tc_1\" style=\"width: 176pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page45-tbl_10.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page45-tbl_10.tr_1.tc_0\" style=\"width: 241pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page45-tbl_10.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page45-tbl_10.tr_1.tc_1\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2022</p></td><td id=\"v1-page45-tbl_10.tr_1.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2021</p></td></tr><tr id=\"v1-page45-tbl_10.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_2.tc_0\" style=\"width: 241pt;background: #FFFFFF;\"><p id=\"v1-page45-tbl_10.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page45-tbl_10.tr_2.tc_1\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page45-tbl_10.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page45-tbl_10.tr_2.tc_2\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page45-tbl_10.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page45-tbl_10.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_3.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division revenues</p></td><td id=\"v1-page45-tbl_10.tr_3.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">131,042</p></td><td id=\"v1-page45-tbl_10.tr_3.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">134,248</p></td></tr><tr id=\"v1-page45-tbl_10.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_4.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division revenues</p></td><td id=\"v1-page45-tbl_10.tr_4.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,728</p></td><td id=\"v1-page45-tbl_10.tr_4.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,216</p></td></tr><tr id=\"v1-page45-tbl_10.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_5.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page45-tbl_10.tr_5.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page45-tbl_10.tr_5.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page45-tbl_10.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page45-tbl_10.tr_6.tc_0\" style=\"width: 241pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total revenues</p></td><td id=\"v1-page45-tbl_10.tr_6.tc_1\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">310,770</p></td><td id=\"v1-page45-tbl_10.tr_6.tc_2\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page45-tbl_10.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">313,464</p></td></tr></table><p id=\"v1-page45-p_776\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page45-p_777\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Operating income by Division</p><p id=\"v1-page46-p_779\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0<span id=\"v1-page46-p_779.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt;\">As follows we provide the breakdown of revenues by client for each Division:</span></p><p id=\"v1-page46-p_780\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page46-tbl_12\" style=\"border-collapse: collapse;width: 6,444in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 187pt;line-height: 0px;\"></td><td style=\"width: 85pt;line-height: 0px;\"></td><td style=\"width: 58pt;line-height: 0px;\"></td><td style=\"width: 85pt;line-height: 0px;\"></td><td style=\"width: 49pt;line-height: 0px;\"></td></tr><tr id=\"v1-page46-tbl_12.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_0.tc_0\" style=\"width: 187pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"4\" id=\"v1-page46-tbl_12.tr_0.tc_1\" style=\"width: 277pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page46-tbl_12.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page46-tbl_12.tr_1.tc_0\" style=\"width: 187pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page46-tbl_12.tr_1.tc_1\" style=\"width: 85pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2022</p></td><td id=\"v1-page46-tbl_12.tr_1.tc_2\" style=\"width: 58pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">(a)</p></td><td id=\"v1-page46-tbl_12.tr_1.tc_3\" style=\"width: 85pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2021</p></td><td id=\"v1-page46-tbl_12.tr_1.tc_4\" style=\"width: 49pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">(a)</p></td></tr><tr id=\"v1-page46-tbl_12.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_12.tr_2.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_2.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_2.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_2.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_2.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_12.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_3.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client A</p></td><td id=\"v1-page46-tbl_12.tr_3.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,149\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_3.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7.7%</p></td><td id=\"v1-page46-tbl_12.tr_3.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a022,946\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_3.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">17.1%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_4.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client B</p></td><td id=\"v1-page46-tbl_12.tr_4.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,661\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_4.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.6%</p></td><td id=\"v1-page46-tbl_12.tr_4.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,260\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_4.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.9%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_5.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client C</p></td><td id=\"v1-page46-tbl_12.tr_5.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,477\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_5.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.5%</p></td><td id=\"v1-page46-tbl_12.tr_5.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,326\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_5.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.5%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_6.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client D</p></td><td id=\"v1-page46-tbl_12.tr_6.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,545\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_6.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.8%</p></td><td id=\"v1-page46-tbl_12.tr_6.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,901\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_6.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.7%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_7.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other Clients</p></td><td id=\"v1-page46-tbl_12.tr_7.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a096,210\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_7.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">73.4%</p></td><td id=\"v1-page46-tbl_12.tr_7.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a089,815\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_7.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">66.9%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_12.tr_8.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_8.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_8.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_8.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_8.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_12.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_9.tc_0\" style=\"width: 187pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total Broking Division revenues</p></td><td id=\"v1-page46-tbl_12.tr_9.tc_1\" style=\"width: 85pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0131,042\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_9.tc_2\" style=\"width: 58pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">100.0%</p></td><td id=\"v1-page46-tbl_12.tr_9.tc_3\" style=\"width: 85pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0134,248\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_9.tc_4\" style=\"width: 49pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">100.0%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_10\" style=\"height: 13pt;\"><td id=\"v1-page46-tbl_12.tr_10.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_10.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_10.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_10.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_10.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_12.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_12.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_11.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client E</p></td><td id=\"v1-page46-tbl_12.tr_11.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014,531\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_11.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8.1%</p></td><td id=\"v1-page46-tbl_12.tr_11.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014,873\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_11.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8.3%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_12.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client F</p></td><td id=\"v1-page46-tbl_12.tr_12.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,919\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_12.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.0%</p></td><td id=\"v1-page46-tbl_12.tr_12.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a011,339\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_12.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.3%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_13.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client G</p></td><td id=\"v1-page46-tbl_12.tr_13.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,301\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_13.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4.6%</p></td><td id=\"v1-page46-tbl_12.tr_13.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,132\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_13.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.7%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_14.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Client H</p></td><td id=\"v1-page46-tbl_12.tr_14.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,693\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_14.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.7%</p></td><td id=\"v1-page46-tbl_12.tr_14.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,972\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_14.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.6%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_15.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other Clients</p></td><td id=\"v1-page46-tbl_12.tr_15.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0141,284\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_15.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">78.6%</p></td><td id=\"v1-page46-tbl_12.tr_15.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0132,900\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_15.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">74.2%</p></td></tr><tr id=\"v1-page46-tbl_12.tr_16\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_12.tr_16.tc_0\" style=\"width: 187pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_16.tc_1\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_16.tc_2\" style=\"width: 58pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_16.tc_3\" style=\"width: 85pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_16.tc_4\" style=\"width: 49pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_12.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_12.tr_17.tc_0\" style=\"width: 187pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total BPO Division revenues</p></td><td id=\"v1-page46-tbl_12.tr_17.tc_1\" style=\"width: 85pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0179,728\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_17.tc_2\" style=\"width: 58pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">100.0%</p></td><td id=\"v1-page46-tbl_12.tr_17.tc_3\" style=\"width: 85pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0179,216\u00a0</p></td><td id=\"v1-page46-tbl_12.tr_17.tc_4\" style=\"width: 49pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_12.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">100.0%</p></td></tr></table><p id=\"v1-page46-p_781\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Decimal\" style=\"list-style-type: none;margin-left: 0,25in;\"><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-LowerLetter\" style=\"font-style: italic;font-family: 'Arial';font-size: 7pt;\"><p id=\"v1-page46-p_782\" style=\"color: #000000; font-family: 'Arial'; font-size: 7pt; font-style: italic; font-variant: normal; font-weight: normal; margin: 0in; text-align: justify;\">Percentage of total Division revenues</p></li></ol></li></ul><p class=\"heading\" id=\"v1-page46-p_783\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page46-p_783.r_0\" style=\"font-style: italic; text-decoration: underline;\">Assets by Division</span><span id=\"v1-page46-p_783.r_2\" style=\"background-color: yellow;\">\u00a0</span></p><p class=\"heading\" id=\"v1-page46-p_784\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The allocation of property, plant and equipment shared by both Divisions is based on space occupied.</p><p id=\"v1-page46-p_785\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page46-tbl_13\" style=\"border-collapse: collapse;width: 4,889in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 140pt;line-height: 0px;\"></td><td style=\"width: 106pt;line-height: 0px;\"></td><td style=\"width: 106pt;line-height: 0px;\"></td></tr><tr id=\"v1-page46-tbl_13.tr_0\" style=\"height: 32pt;\"><td id=\"v1-page46-tbl_13.tr_0.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_13.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page46-tbl_13.tr_0.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of<br/>December 31, 2022\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_0.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of<br/>December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_13.tr_1.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division assets</p></td><td id=\"v1-page46-tbl_13.tr_1.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0192,265\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_1.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0205,113\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_13.tr_2.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division assets</p></td><td id=\"v1-page46-tbl_13.tr_2.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0291,849\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_2.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0173,281\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_13.tr_3.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Not allocated</p></td><td id=\"v1-page46-tbl_13.tr_3.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0135,420\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_3.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a072,354\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_13.tr_4.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalents</p></td><td id=\"v1-page46-tbl_13.tr_4.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0269,647\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_4.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0165,857\u00a0</p></td></tr><tr id=\"v1-page46-tbl_13.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_13.tr_5.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total assets</p></td><td id=\"v1-page46-tbl_13.tr_5.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0889,181\u00a0</p></td><td id=\"v1-page46-tbl_13.tr_5.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_13.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0616,605\u00a0</p></td></tr></table><p id=\"v1-page46-p_786\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page46-p_787\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"not allocated\" mainly includes the value of the Moneysupermarket.com Group PLC shares, equal to Euro 95,448 thousand, and the assets attributable to the Issuer and the subsidiary P.P.&amp;E. S.r.l..</p><p class=\"heading\" id=\"v1-page46-p_788\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Liabilities by Division</p><p id=\"v1-page46-p_789\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page46-tbl_14\" style=\"border-collapse: collapse;width: 4,889in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 140pt;line-height: 0px;\"></td><td style=\"width: 106pt;line-height: 0px;\"></td><td style=\"width: 106pt;line-height: 0px;\"></td></tr><tr id=\"v1-page46-tbl_14.tr_0\" style=\"height: 33pt;\"><td id=\"v1-page46-tbl_14.tr_0.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_14.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page46-tbl_14.tr_0.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of<br/>December 31, 2022\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_0.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of<br/>December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page46-tbl_14.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page46-tbl_14.tr_1.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division liabilities</p></td><td id=\"v1-page46-tbl_14.tr_1.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a031,125\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_1.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a036,214\u00a0</p></td></tr><tr id=\"v1-page46-tbl_14.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_14.tr_2.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division liabilities</p></td><td id=\"v1-page46-tbl_14.tr_2.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0125,906\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_2.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a098,766\u00a0</p></td></tr><tr id=\"v1-page46-tbl_14.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_14.tr_3.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Not allocated</p></td><td id=\"v1-page46-tbl_14.tr_3.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0459,826\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_3.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0212,555\u00a0</p></td></tr><tr id=\"v1-page46-tbl_14.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_14.tr_4.tc_0\" style=\"width: 140pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total liabilities</p></td><td id=\"v1-page46-tbl_14.tr_4.tc_1\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0616,857\u00a0</p></td><td id=\"v1-page46-tbl_14.tr_4.tc_2\" style=\"width: 106pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_14.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0347,535\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page46-p_790\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"not allocated\" mainly includes the financial liabilities of the Issuer for Euro 444,412 thousand. and the other liabilities attributable to the Issuer and the subsidiary P.P.&amp;E. S.r.l..</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page45-body-tag4058474": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page45-p_769\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Segment reporting</p></li></ol><p class=\"heading\" id=\"v1-page45-p_770\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The primary segment reporting is by business segments; the board of directors of the Issuer identifies the business segments of the Group in Broking and BPO Division:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page45-p_771\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page45-p_771.r_0\" style=\"font-weight: bold;\">Broking Division</span>: the division operates in the Italian market for credit and insurance distribution, operating as a credit intermediary and insurance broker. The credit products that we broker are mainly mortgages and personal loans, provided to retail clients primarily through remote channels and secondarily through the territorial network. The lenders using the credit intermediation services of the Broking Division are primary universal and specialized banks and include some of the main financial institutions operating in the Italian market. The brokered insurance products are mainly auto and motorcycle insurance policies, distributed through remote channels. Moreover, the Division also performs comparison and/or promotion of further products, including e-commerce products, bank accounts and utilities (ADSL, electricity and gas). Since February 2023, the division has extended its presence to Spain, France and Mexico, where it conducts online distribution mainly of insurance products.</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page45-p_772\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page45-p_772.r_0\" style=\"font-weight: bold;\">BPO Division (Business Process Outsourcing Division)</span>: operates in the Italian market for outsourcing services to financial institutions, which consist principally of performing complex commercial, underwriting and portfolio servicing activities related to mortgages and CQ Loans, in the market for management and claim settlement outsourcing services, in the market of BPO and IT services for leasing and long-term rental operators and, finally, in the market for the provision of back office outsourcing services supporting financial advisors and investment companies. The financial institutions using the services of the BPO Division include primary national and international financial institutions.</p></li></ul>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page46-body-tag4058475": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page46-p_791\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Business combinations</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page46-p_792\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of Luna Service S.r.l.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page46-p_793\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On January 17, 2022, the Issuer acquired 100% of the share capital of Luna Service S.r.l., a company operating in the development of software and the provision of services in the property registers area, for a consideration of Euro 974 thousand.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page46-p_794\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Following the analysis aimed at determining the fair value of the assets, the liabilities and potential liabilities, the management, also through the support of a specifically appointed independent advisor, defined the allocation of the purchase price paid for the acquisition of Luna Service S.r.l., as follows:</p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page46-tbl_15\" style=\"border-collapse: collapse;width: 5,833in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 382pt;line-height: 0px;\"></td><td style=\"width: 38pt;line-height: 0px;\"></td></tr><tr id=\"v1-page46-tbl_15.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_0.tc_0\" style=\"width: 382pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_0.tc_1\" style=\"width: 38pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_1.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page46-tbl_15.tr_1.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">21</p></td></tr><tr id=\"v1-page46-tbl_15.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_2.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page46-tbl_15.tr_2.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,008</p></td></tr><tr id=\"v1-page46-tbl_15.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_3.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which allocated to software</p></td><td id=\"v1-page46-tbl_15.tr_3.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">985</p></td></tr><tr id=\"v1-page46-tbl_15.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_4.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page46-tbl_15.tr_4.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">227</p></td></tr><tr id=\"v1-page46-tbl_15.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_5.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page46-tbl_15.tr_5.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(352)</p></td></tr><tr id=\"v1-page46-tbl_15.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_6.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which deferred tax liabilities on allocated software</p></td><td id=\"v1-page46-tbl_15.tr_6.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">(275)</p></td></tr><tr id=\"v1-page46-tbl_15.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_7.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page46-tbl_15.tr_7.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(106)</p></td></tr><tr id=\"v1-page46-tbl_15.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_8.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_8.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_9.tc_0\" style=\"width: 382pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page46-tbl_15.tr_9.tc_1\" style=\"width: 38pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">798</p></td></tr><tr id=\"v1-page46-tbl_15.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_10.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_10.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_11.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page46-tbl_15.tr_11.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">974</p></td></tr><tr id=\"v1-page46-tbl_15.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_12.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_12.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_12.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_13.tc_0\" style=\"width: 382pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page46-tbl_15.tr_13.tc_1\" style=\"width: 38pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">176</p></td></tr><tr id=\"v1-page46-tbl_15.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_14.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_14.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_15.tc_0\" style=\"width: 382pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value allocated to goodwill</p></td><td id=\"v1-page46-tbl_15.tr_15.tc_1\" style=\"width: 38pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">176</p></td></tr><tr id=\"v1-page46-tbl_15.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_16.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_16.tc_0.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_16.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page46-tbl_15.tr_16.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_17.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page46-tbl_15.tr_17.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">21</p></td></tr><tr id=\"v1-page46-tbl_15.tr_18\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_18.tc_0\" style=\"width: 382pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page46-tbl_15.tr_18.tc_1\" style=\"width: 38pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page46-tbl_15.tr_19\" style=\"height: 18pt;\"><td id=\"v1-page46-tbl_15.tr_19.tc_0\" style=\"width: 382pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page46-tbl_15.tr_19.tc_1\" style=\"width: 38pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page46-tbl_15.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">953</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page47-p_795\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page47-p_796\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Luna Service S.r.l. will be included in the \"<span id=\"v1-page47-p_796.r_1\" style=\"font-weight: bold;\">Real Estate Services BPO</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page47-p_797\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\"><span id=\"v1-page47-p_797.r_0\" style=\"font-family: 'Garamond';\">Acquisition of\u00a0</span><span id=\"v1-page47-p_797.r_1\" style=\"font-size: 11pt;\">Gema Motor S.r.l.</span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page47-p_798\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On February 1, 2022, the Group signed a contract to acquire, through subsidiary Gruppo Lercari S.r.l., 100% of the share capital of Gema S.r.l., a company that offers insurance outsourcing services in the automotive sector, for a consideration of Euro 1,498 thousand.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page47-p_799\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Following the analysis aimed at determining the fair value of the assets, the liabilities and potential liabilities, the management, also through the support of a specifically appointed independent advisor, defined the allocation of the purchase price paid for the acquisition of Gema Motor S.r.l., as follows:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page47-p_800\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page47-tbl_16\" style=\"border-collapse: collapse;width: 5,75in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374pt;line-height: 0px;\"></td><td style=\"width: 40pt;line-height: 0px;\"></td></tr><tr id=\"v1-page47-tbl_16.tr_0\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_0.tc_0\" style=\"width: 374pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_0.tc_1\" style=\"width: 40pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_1.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page47-tbl_16.tr_1.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page47-tbl_16.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_2.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page47-tbl_16.tr_2.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page47-tbl_16.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_3.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page47-tbl_16.tr_3.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">349</p></td></tr><tr id=\"v1-page47-tbl_16.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_4.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page47-tbl_16.tr_4.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(113)</p></td></tr><tr id=\"v1-page47-tbl_16.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_5.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page47-tbl_16.tr_5.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(187)</p></td></tr><tr id=\"v1-page47-tbl_16.tr_6\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_6.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_6.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_6.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_7.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page47-tbl_16.tr_7.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">69</p></td></tr><tr id=\"v1-page47-tbl_16.tr_8\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_8.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_8.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_9.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page47-tbl_16.tr_9.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,498</p></td></tr><tr id=\"v1-page47-tbl_16.tr_10\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_10.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_10.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_11.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page47-tbl_16.tr_11.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,429</p></td></tr><tr id=\"v1-page47-tbl_16.tr_12\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_12.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_12.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_13.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value allocated to goodwill</p></td><td id=\"v1-page47-tbl_16.tr_13.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,429</p></td></tr><tr id=\"v1-page47-tbl_16.tr_14\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_14.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_14.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page47-tbl_16.tr_14.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_15.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page47-tbl_16.tr_15.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page47-tbl_16.tr_16\" style=\"height: 12pt;\"><td id=\"v1-page47-tbl_16.tr_16.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page47-tbl_16.tr_16.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page47-tbl_16.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page47-tbl_16.tr_17.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page47-tbl_16.tr_17.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page47-tbl_16.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,488</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page48-p_801\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_802\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Gema Motor S.r.l. will be included in the \"<span id=\"v1-page48-p_802.r_3\" style=\"font-weight: bold;\">Insurance BPO</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_803\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of Europa Centro Servizi S.r.l.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_804\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On March 1<sup id=\"v1-page48-p_804.r_1\">st</sup>, 2022 the Issuer acquired 100% of the share capital of Europa Centro Servizi S.r.l., a company operating in the field of para-legal services in support of operators in the NPL sector and real estate procedures, for a consideration of Euro 15,256 thousand. In addition there is an earn-out linked to future economic performance of the acquired company, which at the date of acquisition was estimated at Euro 257 thousand.</p></li></ol><p class=\"heading\" id=\"v1-page48-p_805\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Following the analysis aimed at determining the fair value of the assets, the liabilities and potential liabilities, the management, also through the support of a specifically appointed independent advisor, defined the allocation of the purchase price paid for the acquisition of Europa Centro Servizi S.r.l., as follows: \u00a0</p><p id=\"v1-page48-p_806\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page48-tbl_17\" style=\"border-collapse: collapse;width: 5,772in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374,8pt;line-height: 0px;\"></td><td style=\"width: 41,9pt;line-height: 0px;\"></td></tr><tr id=\"v1-page48-tbl_17.tr_0\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_0.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_0.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_1.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page48-tbl_17.tr_1.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">46</p></td></tr><tr id=\"v1-page48-tbl_17.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_2.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page48-tbl_17.tr_2.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8,738</p></td></tr><tr id=\"v1-page48-tbl_17.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_3.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which allocated to equity value</p></td><td id=\"v1-page48-tbl_17.tr_3.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">8,527</p></td></tr><tr id=\"v1-page48-tbl_17.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_4.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page48-tbl_17.tr_4.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,446</p></td></tr><tr id=\"v1-page48-tbl_17.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_5.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page48-tbl_17.tr_5.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,382)</p></td></tr><tr id=\"v1-page48-tbl_17.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_6.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which deferred tax liabilities on allocated equity value</p></td><td id=\"v1-page48-tbl_17.tr_6.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">(2,379)</p></td></tr><tr id=\"v1-page48-tbl_17.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_7.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page48-tbl_17.tr_7.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(12)</p></td></tr><tr id=\"v1-page48-tbl_17.tr_8\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_8.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_8.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_9.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page48-tbl_17.tr_9.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,836</p></td></tr><tr id=\"v1-page48-tbl_17.tr_10\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_10.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_10.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_11.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page48-tbl_17.tr_11.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">15,513</p></td></tr><tr id=\"v1-page48-tbl_17.tr_12\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_12.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_12.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_17.tr_12.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_13.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page48-tbl_17.tr_13.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">5,677</p></td></tr><tr id=\"v1-page48-tbl_17.tr_14\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_14.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_14.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_15.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value allocated to goodwill</p></td><td id=\"v1-page48-tbl_17.tr_15.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">5,677</p></td></tr><tr id=\"v1-page48-tbl_17.tr_16\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_16.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_16.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_17.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page48-tbl_17.tr_17.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">46</p></td></tr><tr id=\"v1-page48-tbl_17.tr_18\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_17.tr_18.tc_0\" style=\"width: 374,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_17.tr_18.tc_1\" style=\"width: 40,8pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_17.tr_19\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_17.tr_19.tc_0\" style=\"width: 374,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page48-tbl_17.tr_19.tc_1\" style=\"width: 40,8pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_17.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">15,467</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_807\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_808\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Europa Centro Servizi S.r.l. will be included in the \"<span id=\"v1-page48-p_808.r_3\" style=\"font-weight: bold;\">Real Estate Service BPO</span>\" business line, within the BPO Division. starting from the acquisition date.</p></li></ol><p id=\"v1-page48-p_809\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><p id=\"v1-page48-p_810\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">The costs linked to the acquisition of Europa Centro Servizi S.r.l. are equal to euro 50 thousand and are recorded in the income statement among \"Service costs\".</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_811\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of the Onda Group</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_812\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On June 1<sup id=\"v1-page48-p_812.r_1\">st</sup>, 2022, the Group signed a contract for the acquisition, through subsidiary Gruppo Lercari S.r.l., of 100% of the share capital of Onda S.r.l., a company at the head of a group of companies specializing in the provision of expert and other after-sales services to insurance companies, for a price of Euro 4,750 thousand.</p></li></ol><p class=\"heading\" id=\"v1-page48-p_813\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Following the analysis aimed at determining the fair value of the assets, the liabilities and potential liabilities, the management, also through the support of a specifically appointed independent advisor, defined the allocation of the purchase price paid for the acquisition of the Onda Group, as follows:</p><p class=\"heading\" id=\"v1-page48-p_814\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page48-tbl_18\" style=\"border-collapse: collapse;width: 5,75in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374pt;line-height: 0px;\"></td><td style=\"width: 41,9pt;line-height: 0px;\"></td></tr><tr id=\"v1-page48-tbl_18.tr_0\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_0.tc_0\" style=\"width: 374pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_0.tc_1\" style=\"width: 40pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_1.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page48-tbl_18.tr_1.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">936</p></td></tr><tr id=\"v1-page48-tbl_18.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_2.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page48-tbl_18.tr_2.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6,639</p></td></tr><tr id=\"v1-page48-tbl_18.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_3.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which allocated to software</p></td><td id=\"v1-page48-tbl_18.tr_3.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">6,193</p></td></tr><tr id=\"v1-page48-tbl_18.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_4.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page48-tbl_18.tr_4.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,532</p></td></tr><tr id=\"v1-page48-tbl_18.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_5.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page48-tbl_18.tr_5.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,005)</p></td></tr><tr id=\"v1-page48-tbl_18.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_6.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">of which deferred tax liabilities on allocated software</p></td><td id=\"v1-page48-tbl_18.tr_6.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">(1,728)</p></td></tr><tr id=\"v1-page48-tbl_18.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_7.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page48-tbl_18.tr_7.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,866)</p></td></tr><tr id=\"v1-page48-tbl_18.tr_8\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_8.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_8.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_9.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page48-tbl_18.tr_9.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">4,235</p></td></tr><tr id=\"v1-page48-tbl_18.tr_10\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_10.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_10.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_11.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page48-tbl_18.tr_11.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4,750</p></td></tr><tr id=\"v1-page48-tbl_18.tr_12\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_12.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_12.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_18.tr_12.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_13.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page48-tbl_18.tr_13.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">515</p></td></tr><tr id=\"v1-page48-tbl_18.tr_14\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_14.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_14.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_15.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value allocated to goodwill</p></td><td id=\"v1-page48-tbl_18.tr_15.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">515</p></td></tr><tr id=\"v1-page48-tbl_18.tr_16\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_16.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_16.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_17.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page48-tbl_18.tr_17.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">936</p></td></tr><tr id=\"v1-page48-tbl_18.tr_18\" style=\"height: 13pt;\"><td id=\"v1-page48-tbl_18.tr_18.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_18.tr_18.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_18.tr_19\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_18.tr_19.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page48-tbl_18.tr_19.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_18.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">3,814</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page48-p_815\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_816\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of the Onda Group will be included in the \"<span id=\"v1-page48-p_816.r_1\" style=\"font-weight: bold;\">Insurance BPO</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li></ol>The costs linked to the acquisition of Onda S.r.l. are equal to euro 15 thousand and are recorded in the income statement among \"Service costs\".<p id=\"v1-page48-p_819\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of Trebi Generalconsult S.r.l.</p><p class=\"heading\" id=\"v1-page48-p_820\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On October 28, 2022, the Group acquired, through subsidiary Agenzia Italia S.p.A., 100% of the share capital of Trebi Generalconsult S.r.l. (\"<span id=\"v1-page48-p_820.r_17\" style=\"font-weight: bold;\">Trebi</span>\"), a leading company in the development and provision of software solutions for the financing sector, including in particular leasing, rental and the management of non-performing loans (the \"Acquisition\"). The agreed consideration for the purchase of 100% of the share capital of Trebi is equal to Euro 89,500 thousand, of which Euro 77,500 thousand paid at closing and Euro 12,000 thousand retained as escrow to guarantee any indemnity obligations arising from the sale and purchase agreement, with progressive release over a four-year period.</p><p class=\"heading\" id=\"v1-page48-p_821\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The initial allocation of the purchase price relative to the business combination has not been completed as of the date of approval of the annual report, as we have decided to take advantage of the option provided by paragraph 45 of IFRS 3 which allows the provisional allocation of the purchase cost. The reasons for this decision are linked to the fact that we are still acquiring the required information to define the fair value of the assets, the liabilities and the potential liabilities of the acquired entity, Such allocation will be completed as soon as we have sufficient information to define the fair value of the assets, the liabilities and the potential liabilities of the acquired entity and in any case within one year of the acquisition date.</p><p class=\"heading\" id=\"v1-page48-p_822\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Therefore, we have determined a provisional goodwill, as reported below, equal to Euro 80,120 thousand which has been allocated to Trebi, considered a CGU. The following table presents the book value of the assets and the liabilities of the purchased business at the acquisition date, and the calculation of provisional goodwill:</p><p id=\"v1-page48-p_823\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page48-tbl_19\" style=\"border-collapse: collapse;width: 5,75in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374pt;line-height: 0px;\"></td><td style=\"width: 41,9pt;line-height: 0px;\"></td></tr><tr id=\"v1-page48-tbl_19.tr_0\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_0.tc_0\" style=\"width: 374pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_0.tc_1\" style=\"width: 40pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_1.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page48-tbl_19.tr_1.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,497</p></td></tr><tr id=\"v1-page48-tbl_19.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_2.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page48-tbl_19.tr_2.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,145</p></td></tr><tr id=\"v1-page48-tbl_19.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_3.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page48-tbl_19.tr_3.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,254</p></td></tr><tr id=\"v1-page48-tbl_19.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_4.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page48-tbl_19.tr_4.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,142)</p></td></tr><tr id=\"v1-page48-tbl_19.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_5.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page48-tbl_19.tr_5.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,374)</p></td></tr><tr id=\"v1-page48-tbl_19.tr_6\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_6.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_6.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_6.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_7.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page48-tbl_19.tr_7.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,380</p></td></tr><tr id=\"v1-page48-tbl_19.tr_8\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_8.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_8.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_9.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page48-tbl_19.tr_9.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">89,500</p></td></tr><tr id=\"v1-page48-tbl_19.tr_10\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_10.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_10.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_11.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page48-tbl_19.tr_11.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">80,120</p></td></tr><tr id=\"v1-page48-tbl_19.tr_12\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_12.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_12.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_13.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value provisionally allocated to goodwill</p></td><td id=\"v1-page48-tbl_19.tr_13.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">80,120</p></td></tr><tr id=\"v1-page48-tbl_19.tr_14\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_14.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_14.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_19.tr_14.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_15.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page48-tbl_19.tr_15.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,497</p></td></tr><tr id=\"v1-page48-tbl_19.tr_16\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_19.tr_16.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_19.tr_16.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_19.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_19.tr_17.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page48-tbl_19.tr_17.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_19.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">82,003</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page48-p_824\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_825\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Trebi will be included in the \"<span id=\"v1-page48-p_825.r_3\" style=\"font-weight: bold;\">Leasing &amp; Rental BPO/IT</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li></ol><p id=\"v1-page48-p_826\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\"><br/></p><p id=\"v1-page48-p_827\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">The costs linked to the acquisition of Trebi are equal to Euro 478 thousand and are recorded in the income statement among \"Service costs\".</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page48-p_828\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Acquisition of Sovime S.r.l.</p></li></ol><p class=\"heading\" id=\"v1-page48-p_829\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On October 7, 2022, the Group acquired, through its subsidiary Europa Centro Servizi S.r.l., 100% of the share capital of Sovime S.r.l., a company active in the provision of services and information mainly in the hypocadastral field, for the benefit of banking institutions and operators active in debt management and credit collection, for a consideration equal to Euro 669 thousand. In addition, there is an earn-out linked to future economic performance, which at the acquisition date was estimated at Euro 1,163 thousand.</p><p class=\"heading\" id=\"v1-page48-p_830\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The initial allocation of the purchase price relative to the business combination has not been completed as of the date of approval of the annual report, as we have decided to take advantage of the option provided by paragraph 45 of IFRS 3 which allows the provisional allocation of the purchase cost. The reasons for this decision are linked to the fact that we are still acquiring the required information to define the fair value of the assets, the liabilities and the potential liabilities of the acquired entity. Such allocation will be completed as soon as we have sufficient information to define the fair value of the assets, the liabilities and the potential liabilities of the acquired entity and in any case within one year of the acquisition date.</p><p class=\"heading\" id=\"v1-page48-p_831\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Therefore, we have determined a provisional goodwill, as reported below, equal to Euro 737 thousand which has been allocated to Sovime S.r.l., considered a CGU. The following table presents the book value of the assets and the liabilities of the purchased business at the acquisition date, and the calculation of provisional goodwill:</p><p id=\"v1-page48-p_832\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page48-tbl_20\" style=\"border-collapse: collapse;width: 5,75in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 374pt;line-height: 0px;\"></td><td style=\"width: 40pt;line-height: 0px;\"></td></tr><tr id=\"v1-page48-tbl_20.tr_0\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_0.tc_0\" style=\"width: 374pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_0.tc_0.p_0\" style=\"color: #FF0000; font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_0.tc_1\" style=\"width: 40pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_1.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and cash equivalent</p></td><td id=\"v1-page48-tbl_20.tr_1.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">628</p></td></tr><tr id=\"v1-page48-tbl_20.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_2.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current assets</p></td><td id=\"v1-page48-tbl_20.tr_2.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">59</p></td></tr><tr id=\"v1-page48-tbl_20.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_3.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current assets</p></td><td id=\"v1-page48-tbl_20.tr_3.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">855</p></td></tr><tr id=\"v1-page48-tbl_20.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_4.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current liabilities</p></td><td id=\"v1-page48-tbl_20.tr_4.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(64)</p></td></tr><tr id=\"v1-page48-tbl_20.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_5.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current liabilities</p></td><td id=\"v1-page48-tbl_20.tr_5.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(383)</p></td></tr><tr id=\"v1-page48-tbl_20.tr_6\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_6.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_6.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_6.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_7.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Fair value of net assets purchased</p></td><td id=\"v1-page48-tbl_20.tr_7.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,095</p></td></tr><tr id=\"v1-page48-tbl_20.tr_8\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_8.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_8.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_8.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_9.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Price Paid (A)</p></td><td id=\"v1-page48-tbl_20.tr_9.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,832</p></td></tr><tr id=\"v1-page48-tbl_20.tr_10\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_10.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_10.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_10.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_11.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Difference between price paid and fair value of net purchased assets</p></td><td id=\"v1-page48-tbl_20.tr_11.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">737</p></td></tr><tr id=\"v1-page48-tbl_20.tr_12\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_12.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_12.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_13.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Higher value provisionally allocated to goodwill</p></td><td id=\"v1-page48-tbl_20.tr_13.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">737</p></td></tr><tr id=\"v1-page48-tbl_20.tr_14\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_14.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_14.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page48-tbl_20.tr_14.tc_1.p_0\" style=\"font-family: 'Calibri'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_15.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash of the entity at the date of the acquisition (B)</p></td><td id=\"v1-page48-tbl_20.tr_15.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">628</p></td></tr><tr id=\"v1-page48-tbl_20.tr_16\" style=\"height: 12pt;\"><td id=\"v1-page48-tbl_20.tr_16.tc_0\" style=\"width: 374pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page48-tbl_20.tr_16.tc_1\" style=\"width: 40pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page48-tbl_20.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page48-tbl_20.tr_17.tc_0\" style=\"width: 374pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net cash flow absorbed by the acquisition (A-B)</p></td><td id=\"v1-page48-tbl_20.tr_17.tc_1\" style=\"width: 40pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page48-tbl_20.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,204</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page48-p_833\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 11pt;\"><p id=\"v1-page48-p_834\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The results of Sovime S.r.l. will be included in the \"<span id=\"v1-page48-p_834.r_4\" style=\"font-weight: bold;\">Real Estate Service BPO</span>\" business line, within the BPO Division, starting from the acquisition date.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page49-body-tag4058476": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-style: italic;font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_835\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: italic; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">NON-CURRENT ASSETS</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_836\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page49-p_837\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 12pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation and the variation of the item as of and for the year ended December 31, 2022 and 2021:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page49-tbl_21\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 207,1pt;line-height: 0px;\"></td><td style=\"width: 57,45pt;line-height: 0px;\"></td><td style=\"width: 63,25pt;line-height: 0px;\"></td><td style=\"width: 46,9pt;line-height: 0px;\"></td><td style=\"width: 51,65pt;line-height: 0px;\"></td><td style=\"width: 42,2pt;line-height: 0px;\"></td></tr><tr id=\"v1-page49-tbl_21.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page49-tbl_21.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page49-tbl_21.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Proprietary software\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Trademarks, licenses and<br/>other rights\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Goodwill\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Other intangible assets\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Total\u00a0</p></td></tr><tr id=\"v1-page49-tbl_21.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net value as of December 31, 2020 (restated)</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">44,689</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,096</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">154,450</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">48</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">209,283</p></td></tr><tr id=\"v1-page49-tbl_21.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Increases</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,108</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">347</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,459</p></td></tr><tr id=\"v1-page49-tbl_21.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other movements</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4,587</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">439</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">746</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">20</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,792</p></td></tr><tr id=\"v1-page49-tbl_21.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization expense/write downs</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(13,995)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(935)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,801)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(47)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(17,778)</p></td></tr><tr id=\"v1-page49-tbl_21.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net value as of December 31, 2021</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">40,389</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,947</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">152,395</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">25</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">202,756</p></td></tr><tr id=\"v1-page49-tbl_21.tr_6\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Increases</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,513</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">538</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">23</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8,074</p></td></tr><tr id=\"v1-page49-tbl_21.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other movements</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,178</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">66</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">88,654</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8,538</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">104,436</p></td></tr><tr id=\"v1-page49-tbl_21.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization expense</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(13,023)</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,957)</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(770)</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(15,750)</p></td></tr><tr id=\"v1-page49-tbl_21.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net value as of December 31, 2022</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">42,057</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,594</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">241,049</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">7,816</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">299,516</p></td></tr></table><p id=\"v1-page49-p_838\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 12pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page49-p_839\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Proprietary software\" includes the higher value of the software recognized following the consolidation of the Lercari Group (Euro 14,460 thousand), the higher value of the software recognized following the consolidation of SOS Tariffe (Euro 8,842 thousand) and the higher value of the software recognized following the consolidation of Zoorate (Euro 3,135 thousand), the higher value of the software recognized following the consolidation of the Onda Group (Euro 5,470 thousand), the higher value of the software recognized following the consolidation of Luna Service (Euro 788 thousand), and the development costs mainly refer to the personnel costs capitalized for the creation and development of the proprietary software platforms used by Group companies to perform their activities, The increases in the financial year ended December 31, 2022, are related to purchases and capitalizations for Euro 7,513 thousand, and to the recognition of the higher value of the software following the consolidation of Onda Group and Luna Service.</p><p class=\"heading\" id=\"v1-page49-p_840\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Trademarks, licenses and other rights\" includes the higher value of the trademark recognized following the consolidation of the Lercari Group (Euro 4,000 thousand), the higher value of the trademark recognized following the consolidation of SOS Tariffe (Euro 2,396 thousand) and the value of the licenses for the utilization of third-party software. The increases in the financial year ended December 31, 2022 mainly refer to software licenses purchased during the financial year for Euro 347 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_841\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Goodwill\" includes the goodwill emerged from the allocation of the purchase prices of the investments acquired. The increase of the year equal to Euro 88,654 thousand refers to the recognition of the goodwill allocated following the acquisition of Trebi Generalconsult S.r.l. (Pprovisional allocation of Euro 80,120 thousand), Europa Centro Servizi S.r.l. (Euro 5,677 thousand), Gema Motor S.r.l. (Euro 1,429 thousand), Sovime S.r.l. (Euro 737 thousand), the Onda Group (Euro 515 thousand), and Luna Service S.r.l. (Euro 176 thousand).\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_842\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other intangible assets\" mainly includes the customer equity value allocated following the consolidation of Europa Centro Servizi S.r.l. in 2022 (and amortized over a 10-year time horizon) for an amount of Euro 7,816 thousand as of December 31, 2022.</p></li></ol><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_863\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Discount rate: the value in-use of the CGUs remains higher compared to the book value of the CGUs also forecasting an increase of discount rate as follows:\u00a0</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_864\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 12.37% for the Agenzia Italia CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_865\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 24.42% for the 7Pixel CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_866\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 26.31% for the Eagle &amp; Wise CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_867\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 17.03% for the Europa CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_868\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until over 100% for the Quinservizi CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_869\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 10.66% for the Gruppo Lercari CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_870\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 10.53% for the Trebi Generalconsult CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_871\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 12.12% for the SOS Tariffe CGU.</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_872\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">growth rate \"g\": the value in-use of the CGUs remains higher compared to the book value of the CGUs also forecasting a drop of the implicit growth rate (\"g rate\") as follows:</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_873\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -1.14% for the Agenzia Italia CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_874\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -30-26% for the 7Pixel CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_875\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -38.09% for the Eagle &amp; Wise CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_876\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -9.13% for the Europa CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_877\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" over -100.00% for the Quinservizi CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_878\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 1.19% for the Gruppo Lercari CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_879\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 1.00% for the Trebi Generalconsult CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_880\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 0.27% for the SOS Tariffe CGU.</p></li></ul><p class=\"heading\" id=\"v1-page50-p_881\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Based on the analyses performed, the Directors of the Issuer considered recoverable the book value of the goodwill recorded in the consolidated financial statements as of December 31, 2022.</p><p class=\"heading\" id=\"v1-page50-p_882\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Regarding the Gruppo Lercari CGU, the sensitivity analysis showed that the value in use of the CGU remains higher than the book value, with an increase of the discount rate up to 10.66% or, keeping the WACC unchanged, with a decrease of \"g rate\" up to 1.19%. In light of this, the Directors of the Issuer consider recoverable the book value of the goodwill of the CGU recorded in the consolidated financial statements as at 31 December 2022, but, since the conditions to confirm this assessment would not be met in the event of a significant change in the parameters used or in the economic conditions underlying the analysis carried out, they will constantly monitor the CGU during the financial year ended December 31, 2023, performing further assessments and, if necessary, write down the CGU if its value in use is lower than its book value.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_843\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Recoverability of intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page50-p_844\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the detailed goodwill reported as of December 31, 2022 and subject to impairment test, which differs if compared to the previous year due to the recognition of the goodwill arising from the acquisition of Europa Centro Servizi S.r.l., the Onda Group, Gema Motor S.r.l., Luna Service S.r.l., Sovime S.r.l. and of Trebi Generalconsult S.r.l.:</p><p id=\"v1-page50-p_845\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_22\" style=\"border-collapse: collapse;width: 5,125in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 142pt;line-height: 0px;\"></td><td style=\"width: 103pt;line-height: 0px;\"></td><td style=\"width: 124pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_22.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_22.tr_0.tc_0\" style=\"width: 142pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page50-tbl_22.tr_0.tc_1\" style=\"width: 103pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_0.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_22.tr_1.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trebi Generalconsult S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_1.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a080,120\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_1.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_2.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Agenzia Italia S.p.A.</p></td><td id=\"v1-page50-tbl_22.tr_2.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a045,288\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_2.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a045,288\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_3.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo Lercari</p></td><td id=\"v1-page50-tbl_22.tr_3.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044,240\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_3.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044,240\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_4.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">7Pixel S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_4.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033,374\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_4.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033,374\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_5.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SOS Tariffe S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_5.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,147\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_5.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,147\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_6.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle&amp;Wise Service S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_6.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,292\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_6.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,292\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_7.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Quinservizi S.p.A.</p></td><td id=\"v1-page50-tbl_22.tr_7.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,583\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_7.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,583\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_8.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Europa Centro Servizi S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_8.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,677\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_8.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_9.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gema Motor S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_9.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,429\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_9.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_10.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Sovime S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_10.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0737\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_10.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_11.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Zoorate S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_11.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0746\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_11.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0746\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_12.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CESAM S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_12.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0595\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_12.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0595\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_13.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Onda S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_13.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0515\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_13.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_14.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Luna Service S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_14.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0176\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_14.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_15.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">EuroServizi per i Notai S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_15.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_15.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_16.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Totale goodwill</p></td><td id=\"v1-page50-tbl_22.tr_16.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0241,049\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_16.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0152,395\u00a0</p></td></tr></table><p id=\"v1-page50-p_846\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page50-p_847\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Each goodwill recorded in the financial statements as of December 31, 2022 and indicated above belongs to a specific CGU.</p><p class=\"heading\" id=\"v1-page50-p_848\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regards the determination of the recoverable amount of the CGUs, based on the value-in-use method, the cash flows generated by the CGUs themselves have been estimated. Forecasts of operating cash flows derive from the related business plans of four years' duration, approved by the Board of Directors of the Issuer held on March 15, 2023.</p><p class=\"heading\" id=\"v1-page50-p_849\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main assumptions regarding the value-in-use of the CGUs are the operating cash flows during the four-year forecast period, the discount rate and the growth rate used to determine the terminal value, equal to 2.0%.</p><p class=\"heading\" id=\"v1-page50-p_850\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The composition of future cash flows has been determined based on reasonable, prudent and consistent criteria regarding the attribution of future general expenditures, capital investment, financial balance and the main macroeconomic variables. Finally, it is worth pointing out that cash flow forecasts refer to ordinary activities and, therefore, they are not comprehensive of cash flows deriving from possible extraordinary activities.</p><p class=\"heading\" id=\"v1-page50-p_851\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The terminal value has been estimated with the discounted cash flow formula for perpetuities.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_852\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The value-in-use of the CGUs has been determined by discounting the value of the estimated future cash flows, including the terminal value, which are supposed to be derived from ongoing activities, at a discount rate, net of taxes, adjusted for risk and reflecting the weighted average cost of capital.</p><p class=\"heading\" id=\"v1-page50-p_853\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, the discount rate used is calculated starting from the Weighted Average Cost of Capital (\"<span id=\"v1-page50-p_853.r_4\" style=\"font-weight: bold;\">WACC</span>\") of the two Divisions of the Group, for the determination of which, reference was made to indicators and parameters observable on the reference market of the CGUs in question, at the current value of money. In particular, the determination of the WACC refers to the following parameters:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_854\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Risk free rate: 2.65%, equal to the yield on 10-year Bunds at the beginning of March 2023;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_855\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Market equity risk premium: 9.73%, source: Damodaran, Italy, January 2023; such value already includes the risk about Italian public debt;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_856\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Beta unlevered (different for the two Divisions): 1.05 for the Broking Division and 0.95 for the BPO Division using as a source 3-year unlevered betas provided by Infrontanalytics.com, for a set of comparable operators, as of the beginning of March 2023;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_857\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Target financial structure: D/E ratio of 0.25.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page50-p_858\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Based on the above, the discount rate is 10.82% for the Broking Division and 10.03% for the BPO Division.</p><p class=\"heading\" id=\"v1-page50-p_859\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2021, the in-use values of the CGUs evaluated, determined as described above, are higher if compared to the carrying amounts of the assets allocated to them, goodwill included. \u00a0\u00a0</p><p class=\"heading\" id=\"v1-page50-p_860\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Keeping into consideration the actual situation of volatility of the markets and of uncertainty upon future economic perspectives, we developed a sensitivity analyses on the recoverable value of goodwill.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_861\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, we developed a sensitivity analysis on the recoverable amount of the CGUs, assuming an increase of the discount rate, a decrease on the perpetual growth rate.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_862\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The sensitivity analysis, pursuant to paragraph 134 of IAS 36, of the results of impairment test for the CGUs for which we that did not notice any impairment shows the following margins of tolerance:</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page49-body-tag4058478": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_836\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page49-p_837\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 12pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation and the variation of the item as of and for the year ended December 31, 2022 and 2021:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page49-tbl_21\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 207,1pt;line-height: 0px;\"></td><td style=\"width: 57,45pt;line-height: 0px;\"></td><td style=\"width: 63,25pt;line-height: 0px;\"></td><td style=\"width: 46,9pt;line-height: 0px;\"></td><td style=\"width: 51,65pt;line-height: 0px;\"></td><td style=\"width: 42,2pt;line-height: 0px;\"></td></tr><tr id=\"v1-page49-tbl_21.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page49-tbl_21.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page49-tbl_21.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Proprietary software\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Trademarks, licenses and<br/>other rights\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Goodwill\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Other intangible assets\u00a0</p></td><td id=\"v1-page49-tbl_21.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Total\u00a0</p></td></tr><tr id=\"v1-page49-tbl_21.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net value as of December 31, 2020 (restated)</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">44,689</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,096</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">154,450</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">48</p></td><td id=\"v1-page49-tbl_21.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">209,283</p></td></tr><tr id=\"v1-page49-tbl_21.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Increases</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,108</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">347</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4</p></td><td id=\"v1-page49-tbl_21.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,459</p></td></tr><tr id=\"v1-page49-tbl_21.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other movements</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4,587</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">439</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">746</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">20</p></td><td id=\"v1-page49-tbl_21.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,792</p></td></tr><tr id=\"v1-page49-tbl_21.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization expense/write downs</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(13,995)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(935)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,801)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(47)</p></td><td id=\"v1-page49-tbl_21.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(17,778)</p></td></tr><tr id=\"v1-page49-tbl_21.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net value as of December 31, 2021</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">40,389</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,947</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">152,395</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">25</p></td><td id=\"v1-page49-tbl_21.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">202,756</p></td></tr><tr id=\"v1-page49-tbl_21.tr_6\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Increases</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,513</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">538</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">23</p></td><td id=\"v1-page49-tbl_21.tr_6.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8,074</p></td></tr><tr id=\"v1-page49-tbl_21.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other movements</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">7,178</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">66</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">88,654</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">8,538</p></td><td id=\"v1-page49-tbl_21.tr_7.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">104,436</p></td></tr><tr id=\"v1-page49-tbl_21.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization expense</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(13,023)</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,957)</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(770)</p></td><td id=\"v1-page49-tbl_21.tr_8.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(15,750)</p></td></tr><tr id=\"v1-page49-tbl_21.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page49-tbl_21.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net value as of December 31, 2022</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">42,057</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,594</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">241,049</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">7,816</p></td><td id=\"v1-page49-tbl_21.tr_9.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page49-tbl_21.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">299,516</p></td></tr></table><p id=\"v1-page49-p_838\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 12pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page49-p_839\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Proprietary software\" includes the higher value of the software recognized following the consolidation of the Lercari Group (Euro 14,460 thousand), the higher value of the software recognized following the consolidation of SOS Tariffe (Euro 8,842 thousand) and the higher value of the software recognized following the consolidation of Zoorate (Euro 3,135 thousand), the higher value of the software recognized following the consolidation of the Onda Group (Euro 5,470 thousand), the higher value of the software recognized following the consolidation of Luna Service (Euro 788 thousand), and the development costs mainly refer to the personnel costs capitalized for the creation and development of the proprietary software platforms used by Group companies to perform their activities, The increases in the financial year ended December 31, 2022, are related to purchases and capitalizations for Euro 7,513 thousand, and to the recognition of the higher value of the software following the consolidation of Onda Group and Luna Service.</p><p class=\"heading\" id=\"v1-page49-p_840\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Trademarks, licenses and other rights\" includes the higher value of the trademark recognized following the consolidation of the Lercari Group (Euro 4,000 thousand), the higher value of the trademark recognized following the consolidation of SOS Tariffe (Euro 2,396 thousand) and the value of the licenses for the utilization of third-party software. The increases in the financial year ended December 31, 2022 mainly refer to software licenses purchased during the financial year for Euro 347 thousand.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_841\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Goodwill\" includes the goodwill emerged from the allocation of the purchase prices of the investments acquired. The increase of the year equal to Euro 88,654 thousand refers to the recognition of the goodwill allocated following the acquisition of Trebi Generalconsult S.r.l. (Pprovisional allocation of Euro 80,120 thousand), Europa Centro Servizi S.r.l. (Euro 5,677 thousand), Gema Motor S.r.l. (Euro 1,429 thousand), Sovime S.r.l. (Euro 737 thousand), the Onda Group (Euro 515 thousand), and Luna Service S.r.l. (Euro 176 thousand).\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page49-p_842\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other intangible assets\" mainly includes the customer equity value allocated following the consolidation of Europa Centro Servizi S.r.l. in 2022 (and amortized over a 10-year time horizon) for an amount of Euro 7,816 thousand as of December 31, 2022.</p></li></ol><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_863\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Discount rate: the value in-use of the CGUs remains higher compared to the book value of the CGUs also forecasting an increase of discount rate as follows:\u00a0</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_864\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 12.37% for the Agenzia Italia CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_865\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 24.42% for the 7Pixel CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_866\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 26.31% for the Eagle &amp; Wise CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_867\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 17.03% for the Europa CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_868\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until over 100% for the Quinservizi CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_869\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 10.66% for the Gruppo Lercari CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_870\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 10.53% for the Trebi Generalconsult CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_871\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 12.12% for the SOS Tariffe CGU.</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_872\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">growth rate \"g\": the value in-use of the CGUs remains higher compared to the book value of the CGUs also forecasting a drop of the implicit growth rate (\"g rate\") as follows:</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_873\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -1.14% for the Agenzia Italia CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_874\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -30-26% for the 7Pixel CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_875\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -38.09% for the Eagle &amp; Wise CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_876\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -9.13% for the Europa CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_877\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" over -100.00% for the Quinservizi CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_878\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 1.19% for the Gruppo Lercari CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_879\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 1.00% for the Trebi Generalconsult CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_880\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 0.27% for the SOS Tariffe CGU.</p></li></ul><p class=\"heading\" id=\"v1-page50-p_881\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Based on the analyses performed, the Directors of the Issuer considered recoverable the book value of the goodwill recorded in the consolidated financial statements as of December 31, 2022.</p><p class=\"heading\" id=\"v1-page50-p_882\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Regarding the Gruppo Lercari CGU, the sensitivity analysis showed that the value in use of the CGU remains higher than the book value, with an increase of the discount rate up to 10.66% or, keeping the WACC unchanged, with a decrease of \"g rate\" up to 1.19%. In light of this, the Directors of the Issuer consider recoverable the book value of the goodwill of the CGU recorded in the consolidated financial statements as at 31 December 2022, but, since the conditions to confirm this assessment would not be met in the event of a significant change in the parameters used or in the economic conditions underlying the analysis carried out, they will constantly monitor the CGU during the financial year ended December 31, 2023, performing further assessments and, if necessary, write down the CGU if its value in use is lower than its book value.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_843\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Recoverability of intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page50-p_844\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the detailed goodwill reported as of December 31, 2022 and subject to impairment test, which differs if compared to the previous year due to the recognition of the goodwill arising from the acquisition of Europa Centro Servizi S.r.l., the Onda Group, Gema Motor S.r.l., Luna Service S.r.l., Sovime S.r.l. and of Trebi Generalconsult S.r.l.:</p><p id=\"v1-page50-p_845\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_22\" style=\"border-collapse: collapse;width: 5,125in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 142pt;line-height: 0px;\"></td><td style=\"width: 103pt;line-height: 0px;\"></td><td style=\"width: 124pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_22.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_22.tr_0.tc_0\" style=\"width: 142pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page50-tbl_22.tr_0.tc_1\" style=\"width: 103pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_0.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_22.tr_1.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trebi Generalconsult S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_1.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a080,120\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_1.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_2.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Agenzia Italia S.p.A.</p></td><td id=\"v1-page50-tbl_22.tr_2.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a045,288\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_2.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a045,288\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_3.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo Lercari</p></td><td id=\"v1-page50-tbl_22.tr_3.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044,240\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_3.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044,240\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_4.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">7Pixel S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_4.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033,374\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_4.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033,374\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_5.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SOS Tariffe S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_5.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,147\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_5.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,147\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_6.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle&amp;Wise Service S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_6.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,292\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_6.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,292\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_7.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Quinservizi S.p.A.</p></td><td id=\"v1-page50-tbl_22.tr_7.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,583\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_7.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,583\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_8.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Europa Centro Servizi S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_8.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,677\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_8.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_9.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gema Motor S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_9.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,429\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_9.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_10.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Sovime S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_10.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0737\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_10.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_11.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Zoorate S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_11.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0746\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_11.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0746\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_12.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CESAM S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_12.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0595\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_12.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0595\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_13.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Onda S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_13.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0515\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_13.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_14.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Luna Service S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_14.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0176\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_14.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_15.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">EuroServizi per i Notai S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_15.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_15.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_16.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Totale goodwill</p></td><td id=\"v1-page50-tbl_22.tr_16.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0241,049\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_16.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0152,395\u00a0</p></td></tr></table><p id=\"v1-page50-p_846\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page50-p_847\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Each goodwill recorded in the financial statements as of December 31, 2022 and indicated above belongs to a specific CGU.</p><p class=\"heading\" id=\"v1-page50-p_848\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regards the determination of the recoverable amount of the CGUs, based on the value-in-use method, the cash flows generated by the CGUs themselves have been estimated. Forecasts of operating cash flows derive from the related business plans of four years' duration, approved by the Board of Directors of the Issuer held on March 15, 2023.</p><p class=\"heading\" id=\"v1-page50-p_849\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main assumptions regarding the value-in-use of the CGUs are the operating cash flows during the four-year forecast period, the discount rate and the growth rate used to determine the terminal value, equal to 2.0%.</p><p class=\"heading\" id=\"v1-page50-p_850\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The composition of future cash flows has been determined based on reasonable, prudent and consistent criteria regarding the attribution of future general expenditures, capital investment, financial balance and the main macroeconomic variables. Finally, it is worth pointing out that cash flow forecasts refer to ordinary activities and, therefore, they are not comprehensive of cash flows deriving from possible extraordinary activities.</p><p class=\"heading\" id=\"v1-page50-p_851\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The terminal value has been estimated with the discounted cash flow formula for perpetuities.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_852\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The value-in-use of the CGUs has been determined by discounting the value of the estimated future cash flows, including the terminal value, which are supposed to be derived from ongoing activities, at a discount rate, net of taxes, adjusted for risk and reflecting the weighted average cost of capital.</p><p class=\"heading\" id=\"v1-page50-p_853\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, the discount rate used is calculated starting from the Weighted Average Cost of Capital (\"<span id=\"v1-page50-p_853.r_4\" style=\"font-weight: bold;\">WACC</span>\") of the two Divisions of the Group, for the determination of which, reference was made to indicators and parameters observable on the reference market of the CGUs in question, at the current value of money. In particular, the determination of the WACC refers to the following parameters:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_854\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Risk free rate: 2.65%, equal to the yield on 10-year Bunds at the beginning of March 2023;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_855\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Market equity risk premium: 9.73%, source: Damodaran, Italy, January 2023; such value already includes the risk about Italian public debt;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_856\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Beta unlevered (different for the two Divisions): 1.05 for the Broking Division and 0.95 for the BPO Division using as a source 3-year unlevered betas provided by Infrontanalytics.com, for a set of comparable operators, as of the beginning of March 2023;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_857\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Target financial structure: D/E ratio of 0.25.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page50-p_858\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Based on the above, the discount rate is 10.82% for the Broking Division and 10.03% for the BPO Division.</p><p class=\"heading\" id=\"v1-page50-p_859\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2021, the in-use values of the CGUs evaluated, determined as described above, are higher if compared to the carrying amounts of the assets allocated to them, goodwill included. \u00a0\u00a0</p><p class=\"heading\" id=\"v1-page50-p_860\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Keeping into consideration the actual situation of volatility of the markets and of uncertainty upon future economic perspectives, we developed a sensitivity analyses on the recoverable value of goodwill.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_861\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, we developed a sensitivity analysis on the recoverable amount of the CGUs, assuming an increase of the discount rate, a decrease on the perpetual growth rate.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_862\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The sensitivity analysis, pursuant to paragraph 134 of IAS 36, of the results of impairment test for the CGUs for which we that did not notice any impairment shows the following margins of tolerance:</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page50-body-tag4058479": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_843\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Recoverability of intangible assets</p></li></ol><p class=\"heading\" id=\"v1-page50-p_844\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the detailed goodwill reported as of December 31, 2022 and subject to impairment test, which differs if compared to the previous year due to the recognition of the goodwill arising from the acquisition of Europa Centro Servizi S.r.l., the Onda Group, Gema Motor S.r.l., Luna Service S.r.l., Sovime S.r.l. and of Trebi Generalconsult S.r.l.:</p><p id=\"v1-page50-p_845\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_22\" style=\"border-collapse: collapse;width: 5,125in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 142pt;line-height: 0px;\"></td><td style=\"width: 103pt;line-height: 0px;\"></td><td style=\"width: 124pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_22.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_22.tr_0.tc_0\" style=\"width: 142pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page50-tbl_22.tr_0.tc_1\" style=\"width: 103pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_0.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_22.tr_1.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trebi Generalconsult S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_1.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a080,120\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_1.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_2.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Agenzia Italia S.p.A.</p></td><td id=\"v1-page50-tbl_22.tr_2.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a045,288\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_2.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a045,288\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_3.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gruppo Lercari</p></td><td id=\"v1-page50-tbl_22.tr_3.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044,240\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_3.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044,240\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_4.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">7Pixel S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_4.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033,374\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_4.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033,374\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_5.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SOS Tariffe S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_5.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,147\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_5.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,147\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_6.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Eagle&amp;Wise Service S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_6.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,292\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_6.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,292\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_7.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Quinservizi S.p.A.</p></td><td id=\"v1-page50-tbl_22.tr_7.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,583\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_7.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,583\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_8.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Europa Centro Servizi S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_8.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,677\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_8.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_9.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Gema Motor S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_9.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,429\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_9.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_10.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Sovime S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_10.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0737\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_10.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_11.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Zoorate S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_11.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0746\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_11.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0746\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_12.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CESAM S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_12.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0595\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_12.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0595\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_13.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Onda S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_13.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0515\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_13.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_14.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Luna Service S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_14.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0176\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_14.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_15.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">EuroServizi per i Notai S.r.l.</p></td><td id=\"v1-page50-tbl_22.tr_15.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_15.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_22.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td></tr><tr id=\"v1-page50-tbl_22.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_22.tr_16.tc_0\" style=\"width: 142pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Totale goodwill</p></td><td id=\"v1-page50-tbl_22.tr_16.tc_1\" style=\"width: 103pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0241,049\u00a0</p></td><td id=\"v1-page50-tbl_22.tr_16.tc_2\" style=\"width: 124pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page50-tbl_22.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0152,395\u00a0</p></td></tr></table><p id=\"v1-page50-p_846\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page50-p_847\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Each goodwill recorded in the financial statements as of December 31, 2022 and indicated above belongs to a specific CGU.</p><p class=\"heading\" id=\"v1-page50-p_848\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regards the determination of the recoverable amount of the CGUs, based on the value-in-use method, the cash flows generated by the CGUs themselves have been estimated. Forecasts of operating cash flows derive from the related business plans of four years' duration, approved by the Board of Directors of the Issuer held on March 15, 2023.</p><p class=\"heading\" id=\"v1-page50-p_849\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main assumptions regarding the value-in-use of the CGUs are the operating cash flows during the four-year forecast period, the discount rate and the growth rate used to determine the terminal value, equal to 2.0%.</p><p class=\"heading\" id=\"v1-page50-p_850\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The composition of future cash flows has been determined based on reasonable, prudent and consistent criteria regarding the attribution of future general expenditures, capital investment, financial balance and the main macroeconomic variables. Finally, it is worth pointing out that cash flow forecasts refer to ordinary activities and, therefore, they are not comprehensive of cash flows deriving from possible extraordinary activities.</p><p class=\"heading\" id=\"v1-page50-p_851\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The terminal value has been estimated with the discounted cash flow formula for perpetuities.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_852\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The value-in-use of the CGUs has been determined by discounting the value of the estimated future cash flows, including the terminal value, which are supposed to be derived from ongoing activities, at a discount rate, net of taxes, adjusted for risk and reflecting the weighted average cost of capital.</p><p class=\"heading\" id=\"v1-page50-p_853\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, the discount rate used is calculated starting from the Weighted Average Cost of Capital (\"<span id=\"v1-page50-p_853.r_4\" style=\"font-weight: bold;\">WACC</span>\") of the two Divisions of the Group, for the determination of which, reference was made to indicators and parameters observable on the reference market of the CGUs in question, at the current value of money. In particular, the determination of the WACC refers to the following parameters:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_854\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Risk free rate: 2.65%, equal to the yield on 10-year Bunds at the beginning of March 2023;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_855\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Market equity risk premium: 9.73%, source: Damodaran, Italy, January 2023; such value already includes the risk about Italian public debt;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_856\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Beta unlevered (different for the two Divisions): 1.05 for the Broking Division and 0.95 for the BPO Division using as a source 3-year unlevered betas provided by Infrontanalytics.com, for a set of comparable operators, as of the beginning of March 2023;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_857\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Target financial structure: D/E ratio of 0.25.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page50-p_858\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Based on the above, the discount rate is 10.82% for the Broking Division and 10.03% for the BPO Division.</p><p class=\"heading\" id=\"v1-page50-p_859\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2021, the in-use values of the CGUs evaluated, determined as described above, are higher if compared to the carrying amounts of the assets allocated to them, goodwill included. \u00a0\u00a0</p><p class=\"heading\" id=\"v1-page50-p_860\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Keeping into consideration the actual situation of volatility of the markets and of uncertainty upon future economic perspectives, we developed a sensitivity analyses on the recoverable value of goodwill.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_861\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In particular, we developed a sensitivity analysis on the recoverable amount of the CGUs, assuming an increase of the discount rate, a decrease on the perpetual growth rate.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_862\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The sensitivity analysis, pursuant to paragraph 134 of IAS 36, of the results of impairment test for the CGUs for which we that did not notice any impairment shows the following margins of tolerance:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_863\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Discount rate: the value in-use of the CGUs remains higher compared to the book value of the CGUs also forecasting an increase of discount rate as follows:\u00a0</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_864\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 12.37% for the Agenzia Italia CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_865\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 24.42% for the 7Pixel CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_866\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 26.31% for the Eagle &amp; Wise CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_867\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 17.03% for the Europa CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_868\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until over 100% for the Quinservizi CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_869\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 10.66% for the Gruppo Lercari CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_870\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 10.53% for the Trebi Generalconsult CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_871\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">increase of discount rate until 12.12% for the SOS Tariffe CGU.</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page50-p_872\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">growth rate \"g\": the value in-use of the CGUs remains higher compared to the book value of the CGUs also forecasting a drop of the implicit growth rate (\"g rate\") as follows:</p></li></ul><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_873\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -1.14% for the Agenzia Italia CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_874\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -30-26% for the 7Pixel CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_875\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -38.09% for the Eagle &amp; Wise CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_876\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until -9.13% for the Europa CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_877\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" over -100.00% for the Quinservizi CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_878\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 1.19% for the Gruppo Lercari CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_879\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 1.00% for the Trebi Generalconsult CGU;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,75in;\"><p id=\"v1-page50-p_880\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">decrease of \"g rate\" until 0.27% for the SOS Tariffe CGU.</p></li></ul><p class=\"heading\" id=\"v1-page50-p_881\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Based on the analyses performed, the Directors of the Issuer considered recoverable the book value of the goodwill recorded in the consolidated financial statements as of December 31, 2022.</p><p class=\"heading\" id=\"v1-page50-p_882\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Regarding the Gruppo Lercari CGU, the sensitivity analysis showed that the value in use of the CGU remains higher than the book value, with an increase of the discount rate up to 10.66% or, keeping the WACC unchanged, with a decrease of \"g rate\" up to 1.19%. In light of this, the Directors of the Issuer consider recoverable the book value of the goodwill of the CGU recorded in the consolidated financial statements as at 31 December 2022, but, since the conditions to confirm this assessment would not be met in the event of a significant change in the parameters used or in the economic conditions underlying the analysis carried out, they will constantly monitor the CGU during the financial year ended December 31, 2023, performing further assessments and, if necessary, write down the CGU if its value in use is lower than its book value.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page50-body-tag4058480": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_883\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Property, plant and equipment</p></li></ol><p class=\"heading\" id=\"v1-page50-p_884\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation and the variation of the item as of and for the year ended December 31, 2022 and 2021:</p><p id=\"v1-page50-p_885\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_23\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 222,1pt;line-height: 0px;\"></td><td style=\"width: 57,45pt;line-height: 0px;\"></td><td style=\"width: 62,05pt;line-height: 0px;\"></td><td style=\"width: 86,3pt;line-height: 0px;\"></td><td style=\"width: 40,65pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_23.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page50-tbl_23.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Land and<br/>buildings\u00a0</p></td><td id=\"v1-page50-tbl_23.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Plant and<br/>machinery\u00a0</p></td><td id=\"v1-page50-tbl_23.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Other tangible assets\u00a0</p></td><td id=\"v1-page50-tbl_23.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Total\u00a0</p></td></tr><tr id=\"v1-page50-tbl_23.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Cost as of January 1, 2021</p></td><td id=\"v1-page50-tbl_23.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">28,046</p></td><td id=\"v1-page50-tbl_23.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">15,106</p></td><td id=\"v1-page50-tbl_23.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,290</p></td><td id=\"v1-page50-tbl_23.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">51,442</p></td></tr><tr id=\"v1-page50-tbl_23.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">IFRS 16 - Additions of the period</p></td><td id=\"v1-page50-tbl_23.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">114</p></td><td id=\"v1-page50-tbl_23.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">608</p></td><td id=\"v1-page50-tbl_23.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">722</p></td></tr><tr id=\"v1-page50-tbl_23.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Additions</p></td><td id=\"v1-page50-tbl_23.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">146</p></td><td id=\"v1-page50-tbl_23.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">978</p></td><td id=\"v1-page50-tbl_23.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">713</p></td><td id=\"v1-page50-tbl_23.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,837</p></td></tr><tr id=\"v1-page50-tbl_23.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page50-tbl_23.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">123</p></td><td id=\"v1-page50-tbl_23.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">123</p></td></tr><tr id=\"v1-page50-tbl_23.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Cost as of December 31, 2021</p></td><td id=\"v1-page50-tbl_23.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">28,306</p></td><td id=\"v1-page50-tbl_23.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">16,084</p></td><td id=\"v1-page50-tbl_23.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,734</p></td><td id=\"v1-page50-tbl_23.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54,124</p></td></tr><tr id=\"v1-page50-tbl_23.tr_6\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Accumulated depreciation as of January 1, 2021</p></td><td id=\"v1-page50-tbl_23.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">7,419</p></td><td id=\"v1-page50-tbl_23.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,410</p></td><td id=\"v1-page50-tbl_23.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">5,773</p></td><td id=\"v1-page50-tbl_23.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">23,601</p></td></tr><tr id=\"v1-page50-tbl_23.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Depreciation expense</p></td><td id=\"v1-page50-tbl_23.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,291</p></td><td id=\"v1-page50-tbl_23.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,460</p></td><td id=\"v1-page50-tbl_23.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,060</p></td><td id=\"v1-page50-tbl_23.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5,811</p></td></tr><tr id=\"v1-page50-tbl_23.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">of which IFRS 16 effect</p></td><td id=\"v1-page50-tbl_23.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">2,969</p></td><td id=\"v1-page50-tbl_23.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">236</p></td><td id=\"v1-page50-tbl_23.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">3,205</p></td></tr><tr id=\"v1-page50-tbl_23.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page50-tbl_23.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">43</p></td><td id=\"v1-page50-tbl_23.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">43</p></td></tr><tr id=\"v1-page50-tbl_23.tr_10\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Accumulated depreciation as of December 31, 2021</p></td><td id=\"v1-page50-tbl_23.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,710</p></td><td id=\"v1-page50-tbl_23.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">11,870</p></td><td id=\"v1-page50-tbl_23.tr_10.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">6,876</p></td><td id=\"v1-page50-tbl_23.tr_10.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">29,455</p></td></tr><tr id=\"v1-page50-tbl_23.tr_11\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net book value as of December 31, 2021</p></td><td id=\"v1-page50-tbl_23.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">17,596</p></td><td id=\"v1-page50-tbl_23.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">4,214</p></td><td id=\"v1-page50-tbl_23.tr_11.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">2,858</p></td><td id=\"v1-page50-tbl_23.tr_11.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">24,669</p></td></tr><tr id=\"v1-page50-tbl_23.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Cost as of January 1, 2022</p></td><td id=\"v1-page50-tbl_23.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">28,306</p></td><td id=\"v1-page50-tbl_23.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">16,084</p></td><td id=\"v1-page50-tbl_23.tr_12.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,734</p></td><td id=\"v1-page50-tbl_23.tr_12.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54,124</p></td></tr><tr id=\"v1-page50-tbl_23.tr_13\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_13.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">IFRS 16 - Additions of the period</p></td><td id=\"v1-page50-tbl_23.tr_13.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4,153</p></td><td id=\"v1-page50-tbl_23.tr_13.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_13.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">717</p></td><td id=\"v1-page50-tbl_23.tr_13.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">4,870</p></td></tr><tr id=\"v1-page50-tbl_23.tr_14\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_14.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Additions</p></td><td id=\"v1-page50-tbl_23.tr_14.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">503</p></td><td id=\"v1-page50-tbl_23.tr_14.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,883</p></td><td id=\"v1-page50-tbl_23.tr_14.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">812</p></td><td id=\"v1-page50-tbl_23.tr_14.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,198</p></td></tr><tr id=\"v1-page50-tbl_23.tr_15\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_15.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page50-tbl_23.tr_15.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_15.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2</p></td><td id=\"v1-page50-tbl_23.tr_15.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">300</p></td><td id=\"v1-page50-tbl_23.tr_15.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">302</p></td></tr><tr id=\"v1-page50-tbl_23.tr_16\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_16.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Cost as of December 31, 2022</p></td><td id=\"v1-page50-tbl_23.tr_16.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">32,962</p></td><td id=\"v1-page50-tbl_23.tr_16.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">17,969</p></td><td id=\"v1-page50-tbl_23.tr_16.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">11,563</p></td><td id=\"v1-page50-tbl_23.tr_16.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">62,494</p></td></tr><tr id=\"v1-page50-tbl_23.tr_17\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_17.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Accumulated depreciation as of January 1, 2022</p></td><td id=\"v1-page50-tbl_23.tr_17.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,710</p></td><td id=\"v1-page50-tbl_23.tr_17.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">11,870</p></td><td id=\"v1-page50-tbl_23.tr_17.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">6,876</p></td><td id=\"v1-page50-tbl_23.tr_17.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">29,455</p></td></tr><tr id=\"v1-page50-tbl_23.tr_18\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_18.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Depreciation expense</p></td><td id=\"v1-page50-tbl_23.tr_18.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,520</p></td><td id=\"v1-page50-tbl_23.tr_18.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_18.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,613</p></td><td id=\"v1-page50-tbl_23.tr_18.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_18.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,143</p></td><td id=\"v1-page50-tbl_23.tr_18.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_18.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6,276</p></td></tr><tr id=\"v1-page50-tbl_23.tr_19\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_19.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">of which IFRS 16 effect</p></td><td id=\"v1-page50-tbl_23.tr_19.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_19.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">3,112</p></td><td id=\"v1-page50-tbl_23.tr_19.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_19.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_19.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_19.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">360</p></td><td id=\"v1-page50-tbl_23.tr_19.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_19.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">3,472</p></td></tr><tr id=\"v1-page50-tbl_23.tr_20\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_20.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_20.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page50-tbl_23.tr_20.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_20.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_20.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_20.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_20.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_20.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_23.tr_20.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_20.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_23.tr_21\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_23.tr_21.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_21.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Accumulated depreciation as of December 31, 2022</p></td><td id=\"v1-page50-tbl_23.tr_21.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_21.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">14,230</p></td><td id=\"v1-page50-tbl_23.tr_21.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_21.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">13,483</p></td><td id=\"v1-page50-tbl_23.tr_21.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_21.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,019</p></td><td id=\"v1-page50-tbl_23.tr_21.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_21.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">35,731</p></td></tr><tr id=\"v1-page50-tbl_23.tr_22\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_23.tr_22.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_23.tr_22.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net book value as of December 31, 2022</p></td><td id=\"v1-page50-tbl_23.tr_22.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_22.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">18,732</p></td><td id=\"v1-page50-tbl_23.tr_22.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_22.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">4,486</p></td><td id=\"v1-page50-tbl_23.tr_22.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_22.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">3,544</p></td><td id=\"v1-page50-tbl_23.tr_22.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_23.tr_22.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">26,763</p></td></tr></table><p id=\"v1-page50-p_886\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page50-p_887\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2022, the net value of property, plant and equipment is equal to Euro 26,763 thousand (Euro 24,669 thousand as of December 31, 2021). During the financial year ended December 31, 2022 we record increases for a total amount of Euro 8,370 thousand, of which Euro 4,870 thousand related to the adoption of IFRS 16 (for which please refer to the table below), Euro 1,883 thousand refer to the purchase of plant and machinery, mainly related to production hardware, Euro 717 thousand refer to the purchase of other tangible assets, mainly related to office equipment and furniture.</p><p class=\"heading\" id=\"v1-page50-p_888\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The other movements include the property, plant and equipment acquired with the corporate acquisitions of the period.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_889\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The net book value of \"Land and buildings\" as of December 31, 2022 mainly refers to the operating office of 7Pixel S.r.l., in Giussago (Province of Pavia) for Euro 5,544 thousand (of which Euro 892 thousand related to the land), to the building and land located in Cagliari, respectively equal to Euro 1,908 thousand and Euro 372 thousand, to the building located in Monastir (Province of Cagliari) for Euro 1,208 thousand, and to the right of use deriving from the adoption of IFRS 16 standard for Euro 8,549 thousand, in relation to the rental contracts for operating offices not owned by the Group.</p><p class=\"heading\" id=\"v1-page50-p_890\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Plant and machinery\" includes investments in generic electronic office equipment, in the different operating offices of the Group, and for production hardware.\u00a0</p><p class=\"heading\" id=\"v1-page50-p_891\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other tangible assets\" includes investments in furniture and fittings, specific equipment and vehicles. Increases for the period included purchases for Euro 756 thousand, mainly related to office machinery and furniture, and other movements for Euro 300 thousand, related to fixed assets of newly acquired companies.</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_892\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Changes in the values of the rights of use and the leasing liabilities during the financial year ended December 31, 2022 is shown below:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page50-p_893\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_24\" style=\"border-collapse: collapse;width: 6,25in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 125pt;line-height: 0px;\"></td><td style=\"width: 51,65pt;line-height: 0px;\"></td><td style=\"width: 64pt;line-height: 0px;\"></td><td style=\"width: 119pt;line-height: 0px;\"></td><td style=\"width: 93pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_24.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_24.tr_0.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_24.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Buildings</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Vehicles</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Total property, plant and equipment</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Lease liabilities</p></td></tr><tr id=\"v1-page50-tbl_24.tr_1\" style=\"height: 15pt;\"><td id=\"v1-page50-tbl_24.tr_1.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">As of January 1, 2022</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">7,508</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">860</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,368</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,054</p></td></tr><tr id=\"v1-page50-tbl_24.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_24.tr_2.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Increases / (decreases)</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a04,153\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0717\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,870\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,617\u00a0</p></td></tr><tr id=\"v1-page50-tbl_24.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_24.tr_3.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0(3,112)</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(360)</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,472)</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td></tr><tr id=\"v1-page50-tbl_24.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_24.tr_4.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Financial expenses</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(143)</p></td></tr><tr id=\"v1-page50-tbl_24.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_24.tr_5.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">As of June 30, 2022</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,549</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,217</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,766</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,528</p></td></tr></table><p class=\"heading\" id=\"v1-page50-p_894\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main increases refer to the right of use assets attributable to the companies acquired during 2022, and in particular refer to the building rental agreements subscribed by them, of vehicles, as a result of the higher agreements signed during 2021.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page50-body-tag4058481": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_892\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Changes in the values of the rights of use and the leasing liabilities during the financial year ended December 31, 2022 is shown below:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page50-p_893\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_24\" style=\"border-collapse: collapse;width: 6,25in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 125pt;line-height: 0px;\"></td><td style=\"width: 51,65pt;line-height: 0px;\"></td><td style=\"width: 64pt;line-height: 0px;\"></td><td style=\"width: 119pt;line-height: 0px;\"></td><td style=\"width: 93pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_24.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_24.tr_0.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_24.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Buildings</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Vehicles</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Total property, plant and equipment</p></td><td id=\"v1-page50-tbl_24.tr_0.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">Lease liabilities</p></td></tr><tr id=\"v1-page50-tbl_24.tr_1\" style=\"height: 15pt;\"><td id=\"v1-page50-tbl_24.tr_1.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">As of January 1, 2022</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">7,508</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">860</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,368</p></td><td id=\"v1-page50-tbl_24.tr_1.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,054</p></td></tr><tr id=\"v1-page50-tbl_24.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page50-tbl_24.tr_2.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Increases / (decreases)</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a04,153\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0717\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,870\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_2.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,617\u00a0</p></td></tr><tr id=\"v1-page50-tbl_24.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page50-tbl_24.tr_3.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0(3,112)</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(360)</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,472)</p></td><td id=\"v1-page50-tbl_24.tr_3.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td></tr><tr id=\"v1-page50-tbl_24.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_24.tr_4.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Financial expenses</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_24.tr_4.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(143)</p></td></tr><tr id=\"v1-page50-tbl_24.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_24.tr_5.tc_0\" style=\"width: 125pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">As of June 30, 2022</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_1\" style=\"width: 49pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">8,549</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_2\" style=\"width: 64pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,217</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_3\" style=\"width: 119pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">9,766</p></td><td id=\"v1-page50-tbl_24.tr_5.tc_4\" style=\"width: 93pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_24.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">10,528</p></td></tr></table><p class=\"heading\" id=\"v1-page50-p_894\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The main increases refer to the right of use assets attributable to the companies acquired during 2022, and in particular refer to the building rental agreements subscribed by them, of vehicles, as a result of the higher agreements signed during 2021.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page50-body-tag4058485": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_895\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Participations measured with the equity method</p></li></ol><p class=\"heading\" id=\"v1-page50-p_896\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item includes the participation in the subsidiaries Fin.it S.r.l., CFN Generale Fiduciaria S.p.A., Generale Servizi Amministrativi S.r.l., CFN Generale Trustee S.r.l. and Geckoway S.r.l..</p><p class=\"heading\" id=\"v1-page50-p_897\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table shows the changes in this item for financial year ended December 31, 2022:</p><p id=\"v1-page50-p_898\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_25\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,5pt;line-height: 0px;\"></td><td style=\"width: 80,15pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 42,75pt;line-height: 0px;\"></td><td style=\"width: 77,4pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_25.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page50-tbl_25.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_25.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(Euro thousand)</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Net income of the year attributable to the Group\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of June 30, 2022\u00a0</p></td></tr><tr id=\"v1-page50-tbl_25.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Geckoway S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(16)</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">45</p></td></tr><tr id=\"v1-page50-tbl_25.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CFN Generale Fiduciaria S.p.A.</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0518\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">11</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">111</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">640</p></td></tr><tr id=\"v1-page50-tbl_25.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CFN Generale Trustee S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page50-tbl_25.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Servizi Amministrativi S.r.l.\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0427\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(175)</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(5)</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">247</p></td></tr><tr id=\"v1-page50-tbl_25.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">LC Servizi S.r.l. in liquidazione</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a039\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(39)</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_25.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SircusGandino S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">49</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(62)</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_25.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,058\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(170)</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0942\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_899\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page50-p_900\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Participations measured with the equity method\" shows a decrease equal to Euro 1,116 thousand.</p><p class=\"heading\" id=\"v1-page50-p_901\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The other movements include the increase of the value of the participation in CFN Generale Fiduciaria S.p.A. for Euro 111 thousand, due to the purchase by the Issuer of a further 9.48% stake of share capital, passing to 49.48% (and subsequently decreased to 35% as a result of a share capital increase subscribed by the majority shareholder), the decrease of the value of the participation in Generale Servizi Amministrativi S.r.l. for Euro 5 thousand, due to the disposal by the Issuer of a 5% staek of the share capital, the disposal of the participation in SircusGandino S.r.l., and the subscription of a 25% of the share capital of CFN Generale Trustee S.r.l. for Euro 10 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page50-body-tag4058484": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_895\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Participations measured with the equity method</p></li></ol><p class=\"heading\" id=\"v1-page50-p_896\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item includes the participation in the subsidiaries Fin.it S.r.l., CFN Generale Fiduciaria S.p.A., Generale Servizi Amministrativi S.r.l., CFN Generale Trustee S.r.l. and Geckoway S.r.l..</p><p class=\"heading\" id=\"v1-page50-p_897\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table shows the changes in this item for financial year ended December 31, 2022:</p><p id=\"v1-page50-p_898\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_25\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,5pt;line-height: 0px;\"></td><td style=\"width: 80,15pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 42,75pt;line-height: 0px;\"></td><td style=\"width: 77,4pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_25.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page50-tbl_25.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_25.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(Euro thousand)</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Net income of the year attributable to the Group\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of June 30, 2022\u00a0</p></td></tr><tr id=\"v1-page50-tbl_25.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Geckoway S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(16)</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">45</p></td></tr><tr id=\"v1-page50-tbl_25.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CFN Generale Fiduciaria S.p.A.</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0518\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">11</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">111</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">640</p></td></tr><tr id=\"v1-page50-tbl_25.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CFN Generale Trustee S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page50-tbl_25.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Servizi Amministrativi S.r.l.\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0427\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(175)</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(5)</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">247</p></td></tr><tr id=\"v1-page50-tbl_25.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">LC Servizi S.r.l. in liquidazione</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a039\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(39)</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_25.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SircusGandino S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">49</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(62)</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_25.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,058\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(170)</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0942\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_899\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page50-p_900\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Participations measured with the equity method\" shows a decrease equal to Euro 1,116 thousand.</p><p class=\"heading\" id=\"v1-page50-p_901\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The other movements include the increase of the value of the participation in CFN Generale Fiduciaria S.p.A. for Euro 111 thousand, due to the purchase by the Issuer of a further 9.48% stake of share capital, passing to 49.48% (and subsequently decreased to 35% as a result of a share capital increase subscribed by the majority shareholder), the decrease of the value of the participation in Generale Servizi Amministrativi S.r.l. for Euro 5 thousand, due to the disposal by the Issuer of a 5% staek of the share capital, the disposal of the participation in SircusGandino S.r.l., and the subscription of a 25% of the share capital of CFN Generale Trustee S.r.l. for Euro 10 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page50-body-tag4058482": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_895\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Participations measured with the equity method</p></li></ol><p class=\"heading\" id=\"v1-page50-p_896\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item includes the participation in the subsidiaries Fin.it S.r.l., CFN Generale Fiduciaria S.p.A., Generale Servizi Amministrativi S.r.l., CFN Generale Trustee S.r.l. and Geckoway S.r.l..</p><p class=\"heading\" id=\"v1-page50-p_897\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table shows the changes in this item for financial year ended December 31, 2022:</p><p id=\"v1-page50-p_898\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page50-tbl_25\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,5pt;line-height: 0px;\"></td><td style=\"width: 80,15pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 42,75pt;line-height: 0px;\"></td><td style=\"width: 77,4pt;line-height: 0px;\"></td></tr><tr id=\"v1-page50-tbl_25.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page50-tbl_25.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page50-tbl_25.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(Euro thousand)</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Net income of the year attributable to the Group\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of June 30, 2022\u00a0</p></td></tr><tr id=\"v1-page50-tbl_25.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Geckoway S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(16)</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">45</p></td></tr><tr id=\"v1-page50-tbl_25.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CFN Generale Fiduciaria S.p.A.</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0518\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">11</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">111</p></td><td id=\"v1-page50-tbl_25.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">640</p></td></tr><tr id=\"v1-page50-tbl_25.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CFN Generale Trustee S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td><td id=\"v1-page50-tbl_25.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10</p></td></tr><tr id=\"v1-page50-tbl_25.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Generale Servizi Amministrativi S.r.l.\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0427\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(175)</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(5)</p></td><td id=\"v1-page50-tbl_25.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">247</p></td></tr><tr id=\"v1-page50-tbl_25.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">LC Servizi S.r.l. in liquidazione</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a039\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(39)</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page50-tbl_25.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_25.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">SircusGandino S.r.l.</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">49</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(62)</p></td><td id=\"v1-page50-tbl_25.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page50-tbl_25.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page50-tbl_25.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,058\u00a0</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(170)</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54</p></td><td id=\"v1-page50-tbl_25.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page50-tbl_25.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0942\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page50-p_899\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page50-p_900\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Participations measured with the equity method\" shows a decrease equal to Euro 1,116 thousand.</p><p class=\"heading\" id=\"v1-page50-p_901\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The other movements include the increase of the value of the participation in CFN Generale Fiduciaria S.p.A. for Euro 111 thousand, due to the purchase by the Issuer of a further 9.48% stake of share capital, passing to 49.48% (and subsequently decreased to 35% as a result of a share capital increase subscribed by the majority shareholder), the decrease of the value of the participation in Generale Servizi Amministrativi S.r.l. for Euro 5 thousand, due to the disposal by the Issuer of a 5% staek of the share capital, the disposal of the participation in SircusGandino S.r.l., and the subscription of a 25% of the share capital of CFN Generale Trustee S.r.l. for Euro 10 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page51-body-tag4060458": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page51-p_902\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Financial assets at fair value</p></li></ol><p class=\"heading\" id=\"v1-page51-p_903\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the variation of the item as of and for the financial year ended December 31, 2022:</p><p id=\"v1-page51-p_904\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page51-tbl_26\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 127,95pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td><td style=\"width: 68,6pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td></tr><tr id=\"v1-page51-tbl_26.tr_0\" style=\"height: 45pt;\"><td id=\"v1-page51-tbl_26.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Purchases/<br/>Increases\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Revaluations/<br/>(Depreciations)\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Reimbursements/<br/>Sales\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Moneysupermarket.com Group PLC shares</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a038,559.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a063,368.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(6,479.00)</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a095,448.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Igloo notes</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0341.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,396.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,737.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other securities</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,510.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,243.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,753.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Mark to market interest rate hedging instruments</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,702.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,702.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Financial assets at fair value</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040,410\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a067,764\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,243\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,777)</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0106,640\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page51-p_905\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial assets at fair value show a balance equal to Euro 106,640 thousand as of December 31, 2022 (Euro 40,410 thousand as of December 31, 2021), and include n. 44,000,000 Moneysupermarket.com Group PLC ordinary shares (equal to 8.21% of the share capital) for an amount equal to Euro 95,448 thousand. \u00a0The \"Revaluations/(Depreciations)\" item refers to the lower market value of the shares compared to the purchase price, for Euro 6,479 thousand. We point out that at the approval date of this report, the value of such shares is equal to Euro 116,401 thousand. Such financial assets are evaluated at fair value through OCI.\u00a0</p><p class=\"heading\" id=\"v1-page51-p_906\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item also includes notes related to the \"Igloo\" securitization promoted by subsidiary Centro Finanziamenti S.p.A. for Euro 4,737 thousand (of which Euro 4,396 thousand subscribed during 2022), and other secutiries and insurance savings products held by the Lercari Group, Onda S.r.l. and Trebi Generalconsult S.r.l. for Euro 2,753 thousand (of which Euro 1,243 thousand attributable to the new acquired subsidiaries Trebi Generalconsult S.r.l. e Onda S.r.l.).</p><p class=\"heading\" id=\"v1-page51-p_907\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Mark to market interest rate hedging instruments\" refers to the positive value, equal to Euro 3,702 thousand, of interest rate hedging derivatives on loans with Unicredit S.p.A., Intesa SanPaolo S.p.A. and Banco BPM S.p.A..</p><p class=\"heading\" id=\"v1-page63-p_1130\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the financial liabilities recorded in the balance sheet as of December 31, 2022 and 2021 are stated at amortized cost, except the earn outs, measured at fair value (category 3). The method for the assessment at fair value of these liabilities is based on the income approach. The incomes deriving from the measurement of these liabilities recorded in the income statement for the financial year ended December 31, 2022, is equal to Euro 236 thousand.</p><p id=\"v1-page63-p_1131\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page63-p_1131.r_0\" style=\"font-family: 'Garamond';\">Among financial assets as of December 31, 2022 are the shares of Moneysupermarket.com Group PLC (Euro 95,448 thousand), measured at fair value (category 1) through OCI, and the\u00a0</span><span id=\"v1-page63-p_1131.r_20\" style=\"font-size: 11pt;\">notes</span><span id=\"v1-page63-p_1131.r_21\" style=\"font-family: 'Garamond';\">\u00a0of the \"Igloo\" securitization (Euro 4,737 thousand) measured at fair value (category 2) through profit and loss, and insurance and investment products attributable to some companies of the Group (Euro 2,768 thousand) measured at fair value (category 2) through profit and loss.\u00a0</span></p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page51-body-tag4058486": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page51-p_902\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Financial assets at fair value</p></li></ol><p class=\"heading\" id=\"v1-page51-p_903\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the variation of the item as of and for the financial year ended December 31, 2022:</p><p id=\"v1-page51-p_904\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page51-tbl_26\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 127,95pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td><td style=\"width: 68,6pt;line-height: 0px;\"></td><td style=\"width: 68pt;line-height: 0px;\"></td></tr><tr id=\"v1-page51-tbl_26.tr_0\" style=\"height: 45pt;\"><td id=\"v1-page51-tbl_26.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Purchases/<br/>Increases\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Revaluations/<br/>(Depreciations)\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Reimbursements/<br/>Sales\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Moneysupermarket.com Group PLC shares</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a038,559.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a063,368.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(6,479.00)</p></td><td id=\"v1-page51-tbl_26.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a095,448.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Igloo notes</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0341.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,396.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,737.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other securities</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,510.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,243.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,753.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Mark to market interest rate hedging instruments</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,702.00\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_26.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,702.00\u00a0</p></td></tr><tr id=\"v1-page51-tbl_26.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page51-tbl_26.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Financial assets at fair value</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040,410\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a067,764\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,243\u00a0</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,777)</p></td><td id=\"v1-page51-tbl_26.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page51-tbl_26.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0106,640\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page51-p_905\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial assets at fair value show a balance equal to Euro 106,640 thousand as of December 31, 2022 (Euro 40,410 thousand as of December 31, 2021), and include n. 44,000,000 Moneysupermarket.com Group PLC ordinary shares (equal to 8.21% of the share capital) for an amount equal to Euro 95,448 thousand. \u00a0The \"Revaluations/(Depreciations)\" item refers to the lower market value of the shares compared to the purchase price, for Euro 6,479 thousand. We point out that at the approval date of this report, the value of such shares is equal to Euro 116,401 thousand. Such financial assets are evaluated at fair value through OCI.\u00a0</p><p class=\"heading\" id=\"v1-page51-p_906\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item also includes notes related to the \"Igloo\" securitization promoted by subsidiary Centro Finanziamenti S.p.A. for Euro 4,737 thousand (of which Euro 4,396 thousand subscribed during 2022), and other secutiries and insurance savings products held by the Lercari Group, Onda S.r.l. and Trebi Generalconsult S.r.l. for Euro 2,753 thousand (of which Euro 1,243 thousand attributable to the new acquired subsidiaries Trebi Generalconsult S.r.l. e Onda S.r.l.).</p><p class=\"heading\" id=\"v1-page51-p_907\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Mark to market interest rate hedging instruments\" refers to the positive value, equal to Euro 3,702 thousand, of interest rate hedging derivatives on loans with Unicredit S.p.A., Intesa SanPaolo S.p.A. and Banco BPM S.p.A..</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page53-p_932\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Current financial assets</p></li></ol><p class=\"heading\" id=\"v1-page53-p_933\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2022, current financial assets amount to Euro 4,677 thousand, and refer to the receivables linked to the subsidiary Centro Finanziamenti S.p.A., for the originated secured employee/pensioner (\"<span id=\"v1-page53-p_933.r_20\" style=\"font-style: italic;\">cessione del quinto</span>\") and guaranteed SME loans, and transferred to the assignee after December 31, 2022.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page51-body-tag4058487": {
   "value": "<p id=\"v1-page51-p_908\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Deferred tax assets and liabilities</p><p class=\"heading\" id=\"v1-page51-p_909\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following tables present the situation and the variation of the item as of and for the financial year ended December 31, 2022 and 2022:</p><p class=\"heading\" id=\"v1-page51-p_910\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2021</p><p id=\"v1-page51-p_911\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page51-tbl_27\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 72,4pt;line-height: 0px;\"></td><td style=\"width: 51,05pt;line-height: 0px;\"></td><td style=\"width: 48,1pt;line-height: 0px;\"></td><td style=\"width: 69,05pt;line-height: 0px;\"></td><td style=\"width: 59,95pt;line-height: 0px;\"></td><td style=\"width: 62,3pt;line-height: 0px;\"></td><td style=\"width: 52,95pt;line-height: 0px;\"></td><td style=\"width: 52,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page51-tbl_27.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page51-tbl_27.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_27.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">As of January 1, 2021</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Accrual</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Other movements</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Utilization</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">As of December 31, 2021</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_6\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiring within 1 year</p></td><td id=\"v1-page51-tbl_27.tr_0.tc_7\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_0.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiring after 1 year</p></td></tr><tr id=\"v1-page51-tbl_27.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Deferred tax assets</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_1.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_1.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Costs with different tax deductibility</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,603\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0576\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(456)</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,723\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,723\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_2.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_2.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_3\" style=\"height: 28pt;\"><td id=\"v1-page51-tbl_27.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences between the tax bases of assets and their carrying amounts</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a097,298\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0142\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(38,729)</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a058,711\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,930\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_3.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_3.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a049,781\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Defined benefit program liability</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0535\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a036\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(42)</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0529\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_4.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_4.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0529\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Tax loss carry forwards</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0315\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(223)</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a092\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_5.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_5.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a092\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_6\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total deferred tax assets</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a099,751\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0754\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(39,450)</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061,055\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,653\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_6.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_6.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050,402\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Deferred tax liabilities</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_7.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_7.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_8\" style=\"height: 28pt;\"><td id=\"v1-page51-tbl_27.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences between the tax bases of assets and their carrying amounts</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(13,563)</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(9)</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,588\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(10,984)</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,402)</p></td><td id=\"v1-page51-tbl_27.tr_8.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_8.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(8,582)</p></td></tr><tr id=\"v1-page51-tbl_27.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Dividends deliberated not yet paid</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(60)</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(97)</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a060\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(97)</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(97)</p></td><td id=\"v1-page51-tbl_27.tr_9.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_9.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page51-tbl_27.tr_10\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(63)</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(28)</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a068\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(23)</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_10.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_27.tr_10.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(23)</p></td></tr><tr id=\"v1-page51-tbl_27.tr_11\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total deferred tax liabilities</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(13,686)</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(134)</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,716\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,104)</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,499)</p></td><td id=\"v1-page51-tbl_27.tr_11.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_11.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(8,605)</p></td></tr><tr id=\"v1-page51-tbl_27.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_27.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a086,065\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0620\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(36,734)</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a049,951\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,154\u00a0</p></td><td id=\"v1-page51-tbl_27.tr_12.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_27.tr_12.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041,797\u00a0</p></td></tr></table><p id=\"v1-page51-p_912\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page51-p_913\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2022</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page51-tbl_28\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 72,4pt;line-height: 0px;\"></td><td style=\"width: 51,05pt;line-height: 0px;\"></td><td style=\"width: 48,1pt;line-height: 0px;\"></td><td style=\"width: 69,05pt;line-height: 0px;\"></td><td style=\"width: 59,95pt;line-height: 0px;\"></td><td style=\"width: 62,3pt;line-height: 0px;\"></td><td style=\"width: 52,95pt;line-height: 0px;\"></td><td style=\"width: 52,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page51-tbl_28.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page51-tbl_28.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page51-tbl_28.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">As of January 1, 2022</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Accrual</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Other movements</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Utilization</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">As of December 31, 2022</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_6\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiring within 1 year</p></td><td id=\"v1-page51-tbl_28.tr_0.tc_7\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_0.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiring after 1 year</p></td></tr><tr id=\"v1-page51-tbl_28.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Deferred tax assets</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_1.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_1.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Costs with different tax deductibility</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,723\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0261\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(668)</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,329\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,329\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_2.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_2.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_3\" style=\"height: 28pt;\"><td id=\"v1-page51-tbl_28.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences between the tax bases of assets and their carrying amounts</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a058,711\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(9,219)</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a049,494\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,135\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_3.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_3.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040,359\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Defined benefit program liability</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0529\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0121\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(834)</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(184)</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_4.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_4.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(184)</p></td></tr><tr id=\"v1-page51-tbl_28.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Tax loss carry forwards</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a092\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0944\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3)</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,033\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_5.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_5.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,033\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_6\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total deferred tax assets</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061,055\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,328\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(10,724)</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a051,672\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a010,464\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_6.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_6.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041,208\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Deferred tax liabilities</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_7.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_7.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_8\" style=\"height: 28pt;\"><td id=\"v1-page51-tbl_28.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences between the tax bases of assets and their carrying amounts</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(10,984)</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,382)</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,814\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(12,552)</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,031)</p></td><td id=\"v1-page51-tbl_28.tr_8.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_8.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(9,521)</p></td></tr><tr id=\"v1-page51-tbl_28.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Dividends deliberated not yet paid</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(97)</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(383)</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(471)</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(471)</p></td><td id=\"v1-page51-tbl_28.tr_9.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_9.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page51-tbl_28.tr_10\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(23)</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(889)</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a019\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(893)</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_10.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page51-tbl_28.tr_10.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(893)</p></td></tr><tr id=\"v1-page51-tbl_28.tr_11\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total deferred tax liabilities</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,104)</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(5,654)</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,842\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(13,916)</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,502)</p></td><td id=\"v1-page51-tbl_28.tr_11.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_11.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(10,414)</p></td></tr><tr id=\"v1-page51-tbl_28.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page51-tbl_28.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a049,951\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,326)</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(7,882)</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a037,756\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_6\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,962\u00a0</p></td><td id=\"v1-page51-tbl_28.tr_12.tc_7\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page51-tbl_28.tr_12.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030,794\u00a0</p></td></tr></table><p id=\"v1-page51-p_915\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><br/></p><p id=\"v1-page51-p_916\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Among deferred tax assets referring to differences between the tax bases of assets and their carrying amounts there is, as of December 31, 2022, the amount of Euro 47,710 thousand, related to the revaluation of software, trademarks and real estate properties owned by some entities of the Group, among the measures introduced by the Art. 110 of the Law Decree n. 104/2020, converted in the Law n. 126/2020, enacting \"Urgent measures to support and relaunch the economy\". During the financial year ended December 31, 2022, we booked the use in the period of deferred tax assets relating to the higher value of assets revalued in 2020, for Euro 6,583 thousand.</p><p id=\"v1-page51-p_917\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item also includes deferred tax assets for Euro 893 thousand, deriving from the tax release, performed in the financial year ended December 31, 2012, of the consolidation differences emerged after the purchase of the participations in Key Service S.r.l. by Quinservizi S.p.A., and in Quinservizi S.p.A. itself by Centro Perizie S.r.l. (now Eagle &amp; Wise Service S.r.l.). The amount used during 2022 amounts to Euro 127 thousand.</p><p id=\"v1-page52-p_918\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Among deferred tax assets referring costs with different tax deductibility, there is the tax credit, equal to Euro 420 thousand, deriving from the accruals recorded over the years among the provisions for risks and charges.\u00a0</p><p class=\"heading\" id=\"v1-page52-p_919\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Among deferred tax liabilities referring to differences between the tax bases of assets and their carrying amounts, as of December 31, 2022, there is the amount related to the tax effect of the higher values recognized to the assets of SOS Tariffe S.r.l., the Lercari Group, and since 2022 of the Onda Group, Luna Service S.r.l. and Europa Centro Servizi S.r.l. (the latter acquired during 2022) for a total amount equal to Euro 12,212 thousand. With reference to such provisions, the increases of the period, attributable to the corporate acquisitions of the period, amount to Euro 4,382 thousand, while the utilizations amount to Euro 2,846 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page52-body-tag4058488": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page52-p_920\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other non-current assets</p></li></ol><p id=\"v1-page52-p_921\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page52-p_922\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page52-tbl_29\" style=\"border-collapse: collapse;width: 7,278in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 244pt;line-height: 0px;\"></td><td style=\"width: 140pt;line-height: 0px;\"></td><td style=\"width: 140pt;line-height: 0px;\"></td></tr><tr id=\"v1-page52-tbl_29.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page52-tbl_29.tr_0.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page52-tbl_29.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page52-tbl_29.tr_0.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_0.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page52-tbl_29.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page52-tbl_29.tr_1.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page52-tbl_29.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Loan to joint venture Prestipro S.r.l.</p></td><td id=\"v1-page52-tbl_29.tr_1.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0263\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_1.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0130\u00a0</p></td></tr><tr id=\"v1-page52-tbl_29.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page52-tbl_29.tr_2.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page52-tbl_29.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Security deposits on lease contracts\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_2.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0183\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_2.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0218\u00a0</p></td></tr><tr id=\"v1-page52-tbl_29.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page52-tbl_29.tr_3.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page52-tbl_29.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other security deposits</p></td><td id=\"v1-page52-tbl_29.tr_3.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_3.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0350\u00a0</p></td></tr><tr id=\"v1-page52-tbl_29.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page52-tbl_29.tr_4.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Other non current assets</p></td><td id=\"v1-page52-tbl_29.tr_4.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0446\u00a0</p></td><td id=\"v1-page52-tbl_29.tr_4.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page52-tbl_29.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0698\u00a0</p></td></tr></table><p id=\"v1-page52-p_923\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item as of December 31, 2022, equal to Euro 446 thousand, includes a non-interest bearing loan granted, in 2022. to the associated company CFN Generale Trustee S.r.l. for Euro 263 thousand, and security deposits related to lease contracts for Euro 183 thousand.</p><p id=\"v1-page52-p_924\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">We point out that the item, as of December 31, 2022, included a security deposit in favor of a supplier of the BPO Division to guarantee the payment of professional services in the mortgage area, and a loan granted to the joint venture Prestipro S.r.l. for Euro 130 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page52-body-tag4058490": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page52-p_926\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Cash and cash equivalents</p></li></ol><p class=\"heading\" id=\"v1-page52-p_927\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash and cash equivalents include cash in hand and bank deposits.\u00a0The item includes cash on bank deposits with specific destinations for Euro 6,971 thousand, used for claims settlement activities on behalf of clients.</p><p class=\"heading\" id=\"v1-page52-p_928\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For comments on the evolution of cash and cash equivalents, please refer to the management report.</p><p class=\"heading\" id=\"v1-page52-p_929\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents net financial position as of December 31, 2021 and 2020, prepared according to ESMA orientation 32-382-1138 of March 4, 2021 and to Consob guidance n. 5/21 of April 29. 2021:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page52-tbl_30\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 16,2pt;line-height: 0px;\"></td><td style=\"width: 182,1pt;line-height: 0px;\"></td><td style=\"width: 58,5pt;line-height: 0px;\"></td><td style=\"width: 88,35pt;line-height: 0px;\"></td><td style=\"width: 88,35pt;line-height: 0px;\"></td><td style=\"width: 35,05pt;line-height: 0px;\"></td></tr><tr id=\"v1-page52-tbl_30.tr_0\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page52-tbl_30.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page52-tbl_30.tr_1\" style=\"height: 41pt;\"><td id=\"v1-page52-tbl_30.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page52-tbl_30.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0December 31, 2022\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0December 31, 2021*\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Change</p></td><td id=\"v1-page52-tbl_30.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0%\u00a0</p></td></tr><tr id=\"v1-page52-tbl_30.tr_2\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">A.</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash and current bank accounts</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0269,647\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0165,857\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0103,790\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">62.6%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_3\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">B.</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cash equivalents</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">N/A</p></td></tr><tr id=\"v1-page52-tbl_30.tr_4\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">C.</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other current financial assets</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,430\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,467\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0963\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_4.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">14.9%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_5\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">D.</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Liquidity (A) + (B) + (C)</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0277,077\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0172,324\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0104,753\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_5.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">60.8%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_6\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">E.</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current financial liabilities</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,948)</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(9,163)</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,785)</p></td><td id=\"v1-page52-tbl_30.tr_6.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30.4%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_7\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">F.</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current portion of non-current financial liabilities</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(54,346)</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(16,048)</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(38,298)</p></td><td id=\"v1-page52-tbl_30.tr_7.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">238.6%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_8\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">G.</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Current indebtedness (E) + (F)</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(66,294)</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(25,211)</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(41,083)</p></td><td id=\"v1-page52-tbl_30.tr_8.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">163.0%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_9\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">H.</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net current financial position (D) + (G)</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0210,783\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0147,113\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a063,670\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_9.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">43.3%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_10\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">I.</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Non-current financial liabilities</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(406,030)</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(195,935)</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(210,095)</p></td><td id=\"v1-page52-tbl_30.tr_10.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_10.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">107.2%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_11\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">J.</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Bonds issued</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_11.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_11.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">N/A</p></td></tr><tr id=\"v1-page52-tbl_30.tr_12\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">K.</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trade and other non-current payables</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page52-tbl_30.tr_12.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_12.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">N/A</p></td></tr><tr id=\"v1-page52-tbl_30.tr_13\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_13.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">L.</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Non-current indebtedness (I) + (J) + (K)</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(406,030)</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(195,935)</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(210,095)</p></td><td id=\"v1-page52-tbl_30.tr_13.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_13.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">107.2%</p></td></tr><tr id=\"v1-page52-tbl_30.tr_14\" style=\"height: 16pt;\"><td id=\"v1-page52-tbl_30.tr_14.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">M.</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net financial position (H) + (L)</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(195,247)</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(48,822)</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(146,425)</p></td><td id=\"v1-page52-tbl_30.tr_14.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page52-tbl_30.tr_14.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">299.9%</p></td></tr></table><p class=\"heading\" id=\"v1-page52-p_931\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The net financial position as of December 31, 2022 shows a negative cash balance, for Euro 195,247 thousand, worsening by Euro 146,425 thousand compared to the previous financial year. The worsening is mainly due to the payment of dividends for Euro 15,239 thousand, to the considerations paid (net of the cash acquired) for the corporate acquisitions of the period for Euro 87,621 thousand, to the purchase of Moneysupermarket.com Group PLC shares for Euro 63,373 thousand, to the subscription of n related to \"Igloo\" securitizations for Euro 4,396 thousand, to the purchase of own shares for Euro 25,025 thousand, partially offset by the cash generated by the operating activities, equal to Euro 61,991 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page52-p_927-tag4058489": {
   "value": "The item includes cash on bank deposits with specific destinations for Euro 6,971 thousand, used for claims settlement activities on behalf of clients.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page53-body-tag4058491": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page53-p_934\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Trade receivables\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page53-p_935\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page53-p_936\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page53-tbl_31\" style=\"border-collapse: collapse;width: 7,278in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 244pt;line-height: 0px;\"></td><td style=\"width: 140pt;line-height: 0px;\"></td><td style=\"width: 140pt;line-height: 0px;\"></td></tr><tr id=\"v1-page53-tbl_31.tr_0\" style=\"height: 32pt;\"><td id=\"v1-page53-tbl_31.tr_0.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page53-tbl_31.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page53-tbl_31.tr_0.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page53-tbl_31.tr_0.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page53-tbl_31.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page53-tbl_31.tr_1.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Trade receivables</p></td><td id=\"v1-page53-tbl_31.tr_1.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0131,319\u00a0</p></td><td id=\"v1-page53-tbl_31.tr_1.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0129,061\u00a0</p></td></tr><tr id=\"v1-page53-tbl_31.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page53-tbl_31.tr_2.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">(allowance for doubtful receivables)</p></td><td id=\"v1-page53-tbl_31.tr_2.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(7,571)\u00a0</p></td><td id=\"v1-page53-tbl_31.tr_2.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(5,876)\u00a0</p></td></tr><tr id=\"v1-page53-tbl_31.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page53-tbl_31.tr_3.tc_0\" style=\"width: 244pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total trade receivables</p></td><td id=\"v1-page53-tbl_31.tr_3.tc_1\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0123,748\u00a0</p></td><td id=\"v1-page53-tbl_31.tr_3.tc_2\" style=\"width: 140pt;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page53-tbl_31.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0123,185\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page54-p_938\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Trade receivables refer to ordinary sales to client companies operating in the banking and financial sector.</p><p class=\"heading\" id=\"v1-page54-p_939\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is worth pointing out that trade receivables include a portion related to the estimation of conditional considerations upon the occurrence of certain contractual events, and that IFRS 15 standard defines as \"contract assets\". In particular, the considerations refer to:\u00a0</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page54-p_940\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">mortgage underwriting and closing services, for which in some cases the contractual remuneration is subject to the effective disbursement of the loan, for Euro 128 thousand;</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page54-p_941\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">administrative activities aimed at credit collection on behalf of insurance companies, for which the fees are subject to the effective collection of the credits, for Euro 3,116 thousand.\u00a0</p></li></ul><p class=\"heading\" id=\"v1-page54-p_942\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following tables present the variation of the allowance for doubtful receivables in the financial years ended December 31, 2022 and 2021:</p><p class=\"heading\" id=\"v1-page54-p_943\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2021</p><p id=\"v1-page54-p_944\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_32\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 46,1pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 87,45pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_32.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page54-tbl_32.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_32.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2020\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page54-tbl_32.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_32.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for bad debts</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,204\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0908\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(277)</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td></tr><tr id=\"v1-page54-tbl_32.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_32.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,204\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0908\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(277)</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td></tr></table><p id=\"v1-page54-p_945\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page54-p_946\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2022</p><p id=\"v1-page54-p_947\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_33\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 46,1pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 87,45pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_33.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page54-tbl_33.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_33.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page54-tbl_33.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_33.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for bad debts</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0828\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,040\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(173)</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,571\u00a0</p></td></tr><tr id=\"v1-page54-tbl_33.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_33.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0828\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,040\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(173)</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,571\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page54-p_949\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The change in the scope of consolidation mainly refers to the provision for bad debts of the Europa Centro Servizi S.r.l. and Trebi Generalconsult S.r.l., included in the consolidation area during the financial year ended December 31, 2022.</p><p class=\"heading\" id=\"v1-page54-p_950\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The acrruals for the year mainly include the adjustments to the bad debt provision booked by the subsidiary Agenzia Italia S.p.A..</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page54-body-tag4058492": {
   "value": "<p class=\"heading\" id=\"v1-page54-p_942\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following tables present the variation of the allowance for doubtful receivables in the financial years ended December 31, 2022 and 2021:</p><p class=\"heading\" id=\"v1-page54-p_943\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2021</p><p id=\"v1-page54-p_944\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_32\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 46,1pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 87,45pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_32.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page54-tbl_32.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_32.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2020\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page54-tbl_32.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_32.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for bad debts</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,204\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0908\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(277)</p></td><td id=\"v1-page54-tbl_32.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td></tr><tr id=\"v1-page54-tbl_32.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_32.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,204\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a041\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0908\u00a0</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(277)</p></td><td id=\"v1-page54-tbl_32.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_32.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td></tr></table><p id=\"v1-page54-p_945\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><p class=\"heading\" id=\"v1-page54-p_946\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2022</p><p id=\"v1-page54-p_947\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify; text-decoration: underline;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_33\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 46,1pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td><td style=\"width: 87,45pt;line-height: 0px;\"></td><td style=\"width: 83,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_33.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page54-tbl_33.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_33.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page54-tbl_33.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_33.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for bad debts</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0828\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,040\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(173)</p></td><td id=\"v1-page54-tbl_33.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,571\u00a0</p></td></tr><tr id=\"v1-page54-tbl_33.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_33.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,876\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0828\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,040\u00a0</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(173)</p></td><td id=\"v1-page54-tbl_33.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_33.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,571\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page54-p_949\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The change in the scope of consolidation mainly refers to the provision for bad debts of the Europa Centro Servizi S.r.l. and Trebi Generalconsult S.r.l., included in the consolidation area during the financial year ended December 31, 2022.</p><p class=\"heading\" id=\"v1-page54-p_950\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The acrruals for the year mainly include the adjustments to the bad debt provision booked by the subsidiary Agenzia Italia S.p.A..</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page54-body-tag4058493": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;margin-left: 0,25in;\"><p id=\"v1-page54-p_952\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin: 0in;\">Tax receivables</p></li></ol><p class=\"heading\" id=\"v1-page54-p_953\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">This item, equal to Euro 10,896 thousand as of December 31, 2022 (Euro 12,371 thousand as of December 31, 2021), refers to the credit for current taxes due to the payments of advances by the companies of the Group during 2022 higher than the amount of the tax due on the taxable income.\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page59-p_1036\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Tax payables \u00a0</p></li></ol><p class=\"heading\" id=\"v1-page59-p_1037\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Tax payables include payables for current taxes. As of December 31, 2022, the item includes mainly the liability for accrued IRES and IRAP. It is worth pointing out that during the financial year ended December 31, 2022. the Group paid a total amount of Euro 3,161 thousand for the final balance of the income taxes related to financial year 2021 and for the advances on the income taxes related to financial year 2022, and Euro 3,690 thousand related to the second installment of the substitute tax related to the revaluations.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page54-body-tag4058494": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page54-p_954\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other current assets</p></li></ol><p class=\"heading\" id=\"v1-page54-p_955\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page54-p_956\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_34\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 142,1pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_34.tr_0\" style=\"height: 32pt;\"><td id=\"v1-page54-tbl_34.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_34.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_1\" style=\"height: 11pt;\"><td id=\"v1-page54-tbl_34.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Accruals and prepayments</p></td><td id=\"v1-page54-tbl_34.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,349\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,210\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_34.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Advances to suppliers</p></td><td id=\"v1-page54-tbl_34.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,106\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,339\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_34.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page54-tbl_34.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0917\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0460\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_34.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">VAT receivables</p></td><td id=\"v1-page54-tbl_34.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,778\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_34.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,922\u00a0</p></td></tr><tr id=\"v1-page54-tbl_34.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_34.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other current assets</p></td><td id=\"v1-page54-tbl_34.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,150\u00a0</p></td><td id=\"v1-page54-tbl_34.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_34.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,931\u00a0</p></td></tr></table><p id=\"v1-page54-p_957\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0<span id=\"v1-page54-p_957.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt;\">The item \"Accruals and prepayments\" mainly includes the payments for software licenses, leases and maintenance services already paid but pertaining to subsequent financial years as well as revenues already accrued on services not yet completed. The increase compared to the previous year is the result of the higher costs for the use of third-party software licenses, and the enlargement of the consolidation area.</span></p><p class=\"heading\" id=\"v1-page54-p_958\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Advances to suppliers\" as of December 31, 2022 mainly includes advance payments for consulting and services not yet performed.\u00a0</p><p class=\"heading\" id=\"v1-page54-p_959\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The decrease of VAT receivables is due to the lower credit recorded by some companies of the Group.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page54-body-tag4058496": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page54-p_961\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Long-term debts and other financial liabilities \u00a0</p></li></ol><p class=\"heading\" id=\"v1-page54-p_962\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page54-p_963\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_35\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 230,45pt;line-height: 0px;\"></td><td style=\"width: 118,55pt;line-height: 0px;\"></td><td style=\"width: 119,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_35.tr_0\" style=\"height: 34pt;\"><td id=\"v1-page54-tbl_35.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_35.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_35.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Long-term bank borrowings</p></td><td id=\"v1-page54-tbl_35.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0139,534\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0209,019\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Term between 1 and 5 years</p></td><td id=\"v1-page54-tbl_35.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0114,963\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0181,414\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Term over 5 years</p></td><td id=\"v1-page54-tbl_35.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,571\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a027,605\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other non-current financial liabilities</p></td><td id=\"v1-page54-tbl_35.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a056,401\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,076\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Put/call option liability Agenzia Italia S.p.A.</p></td><td id=\"v1-page54-tbl_35.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017,812\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Put/call option liability Gruppo Lercari S.r.l.</p></td><td id=\"v1-page54-tbl_35.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a032,672\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,170)</p></td></tr><tr id=\"v1-page54-tbl_35.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Put/call option liability Zoorate S.r.l.</p></td><td id=\"v1-page54-tbl_35.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,498\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Non-current lease liabilities</p></td><td id=\"v1-page54-tbl_35.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,917\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0665\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Totale long-term debts and other financial liabilities</p></td><td id=\"v1-page54-tbl_35.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0195,935\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0420,107\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page56-p_994\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Cash flows\" column includes the non-current portion of the new obtained loans.\u00a0</p><p class=\"heading\" id=\"v1-page56-p_995\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Others\" column refers to the reclassification among current liabilities of the portions of the loans that will expire during the next twelve months.</p><p class=\"heading\" id=\"v1-page56-p_996\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Other non-current financial liabilities</p><p class=\"heading\" id=\"v1-page56-p_997\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Finally, \"Other non-current financial liabilities\" are composed of the estimated liability for the exercise of the put/call option on the residual 49.9% stake of Gruppo Lercari S.r.l., equal to Euro 31,502 thousand, the estimated liability for the exercise of the put/call option on the residual 15.5% stake of Agenzia Italia S.p.A., equal to Euro 17,895 thousand, the estimated liability for the exercise of the put/call option on the residual 8% stake of Zoorate S.r.l., equal to Euro 1,498 thousand, and the leasing liabilities deriving from the adoption of IFRS 16, for Euro 6,582 thousand.</p><p id=\"v1-page55-p_964\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page55-p_965\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Bank loans</p><p class=\"heading\" id=\"v1-page55-p_966\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Non-current bank borrowings refer to the outstanding loans from Intesa SanPaolo S.p.A. for Euro 154,764 thousand, Cr\u00e9dit Agricole Italia S.p.A., for Euro 73,165 thousand, Banco BPM S.p.A., for Euro 46,316 thousand, Credito Emiliano S.p.A. for Euro 20,683 thousand, Unicredit S.p.A. for Euro 51,097 thousand, and BPER Banca S.p.A. for Euro 2,528 thousand.</p><p class=\"heading\" id=\"v1-page55-p_967\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The repayment schedule is as follows:</p><p id=\"v1-page55-p_968\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page55-tbl_36\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 156,85pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page55-tbl_36.tr_0\" style=\"height: 35pt;\"><td id=\"v1-page55-tbl_36.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page55-tbl_36.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page55-tbl_36.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between one and two years</p></td><td id=\"v1-page55-tbl_36.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a080,396\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,215\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between two and three years</p></td><td id=\"v1-page55-tbl_36.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a081,595\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a035,682\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between three and four years</p></td><td id=\"v1-page55-tbl_36.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a073,358\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a031,168\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between four and five years</p></td><td id=\"v1-page55-tbl_36.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061,028\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a023,898\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- more than five</p></td><td id=\"v1-page55-tbl_36.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a052,176\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,571\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page55-tbl_36.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0348,553\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0139,534\u00a0</p></td></tr></table><p id=\"v1-page55-p_969\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0<span id=\"v1-page55-p_969.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; text-decoration: underline;\">Loans from Cr\u00e9dit Agricole Italia S.p.A.</span></p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page55-p_970\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On June 28, 2018 the Issuer signed a loan agreement with Cr\u00e9dit Agricole Italia S.p.A., for an amount equal to Euro 20,000 thousand, paid in two tranches on June 28, 2018 and July 4, 2018. The schedule of the loan provides for six-monthly reimbursements starting from December 31, 2018 to June 30, 2025, at a yearly interest rate equal to 3-month Euribor increased by 0.90%, subject to variation at each payment date based on the ratio between the Net Financial Indebtedness and EBITDA.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page55-p_971\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On March 30, 2020 the Issuer signed a loan agreement with Cr\u00e9dit Agricole Italia S.p.A., for an amount equal to Euro 15,000 thousand, expiring on June 30, 2026, at a yearly fixed rate equal to 1.05%</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page55-p_972\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On August 9, 2022 the Issuer signed a loan agreement with Credit Agricole Italia S.p.A., disbursed in the fourth quarter for Euro 60,000 thousand, with expiration date at June 30, 2028, with a variable interest rate equal to 3-month Euribor, increased by a spread of 1.65%.</p></li></ol><p id=\"v1-page55-p_973\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With regard to such loans, the Issuer is obliged to comply with the following consolidated financial covenant: ratio between Net Financial Position and EBITDA not over 3.25 in 2022, and not over 3.00 starting from 2023.</p><p class=\"heading\" id=\"v1-page55-p_974\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loan from Banco BPM S.p.A.</p><p class=\"heading\" id=\"v1-page55-p_975\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On September 5, 2022, \u00a0the Issuer signed a loan agreement with Banco BPM S.p.A., for a total amount equal to Euro 50,000 thousand, with a variable interest rate equal to 6-month Euribor, increased by a spread of 1.80% on a credit line equal to Euro 35,000 thousand (\"<span id=\"v1-page55-p_975.r_19\" style=\"font-weight: bold;\">Line A</span>\"), with expiration date at June 30, 2028, and a spread of 2.00% on a bullet credit line equal to Euro 15,000 thousand (\"<span id=\"v1-page55-p_975.r_29\" style=\"font-weight: bold;\">Line B</span>\"), with expiration date at December 31, 2028. In addition, on 50% of the financed amount, and until the expiration date of each credit line, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 2.39% for the Line A, and 2.485% for the Line B, increased by the margins described above.</p><p id=\"v1-page55-p_976\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With regard to the loan obtained from Banco BPM S.p.A., the Issuer is obliged to comply with the following consolidated financial covenant, as resulting from the consolidated financial statement for each full and half year, clarifying that the economic data are to be considered on an yearly basis: ratio between Net Financial Position and EBITDA not over 3.0.</p><p class=\"heading\" id=\"v1-page55-p_977\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loans from Intesa SanPaolo S.p.A.</p><p class=\"heading\" id=\"v1-page55-p_978\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On March 30, 2021 the Issuer signed a loan agreement with Intesa SanPaolo S.p.A., for an amount equal to Euro 80,000 thousand, expiring March 30, 2028, with a fixed interest rate equal to 1.45%. We point out that such loan was partially used for the early reimbursement of the previous loans of the same bank, which had a residual debt equal to Euro 37,009 thousand.</p><p class=\"heading\" id=\"v1-page55-p_979\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On July 29, 2022 the Issuer signed a loan agreement with Intesa SanPaolo S.p.A. composed of two tranches, respectively of Euro 40,000 thousand and 60,000 thousand, both disbursed in 2022. The contract provides, for both tranches of the loan, an expiration date of December 31, 2028, with an interest rate equal to the 6-month Euribor rate, increased by a margin of 2.00%. In addition, on 60% of the disbursed amount, and until December 31, 2026, a derivative contract was signed to hedge the interest rate, which is converted to a fixed rate at 1.396%, increased by the margin of 2.00%.</p><p class=\"heading\" id=\"v1-page55-p_980\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regard the loan obtained from Intesa SanPaolo S.p.A., the Group is obliged to comply with the following consolidated financial covenants: i) ratio between Net Financial Position and EBITDA not over 3.5 in 2022, not over 3.0 in 2023 and not over 2.5 starting from 2024; ii) ratio between Net Financial Position and Equity not over 2.0. In addition, in the event that the ratio between Net Financial Position and EBITDA should result higher than 2.0 but lower that 2.5. the Issuer is obliged not to distribute profits and/or reserves made up of undistributed profits from previous years in excess of 50%, while in the event that such ratio should result higher than 2.5, the Issuer is obliged not to distribute profits and/or reserves made up of undistributed profits from previous years in excess of 25%.</p><p class=\"heading\" id=\"v1-page55-p_981\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loans from Unicredit S.p.A.</p><p class=\"heading\" id=\"v1-page55-p_982\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On February 26, 2021 the Issuer signed a loan agreement with Unicredit S.p.A., for an amount equal to Euro 10,000 thousand, expiring February 28, 2026, with a variable interest rate equal to 3-month Euribor increased by 1.60%. On such loan we took a derivative contract to hedge the variable rate, which converts the 3-month Euribor interest rate into a yearly fixed rate of minus 0.15% and whose fair value as of December 31, 2021 shows a negative value equal to Euro 16 thousand.</p><p class=\"heading\" id=\"v1-page55-p_983\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On August 9, 2022 the Issuer signed a loan agreement with Unicredit S.p.A., for an amount equal to Euro 50,000 thousand, with expiration date at August 31, 2028, with a variable interest rate equal to 3-month Euribor, increased by a spread of 1.80%. In addition, on 60% of the financed amount, equal to Euro 30,000 thousand, and until August 29, 2025, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 1.435%, increased by the margin of 1.80%.\u00a0</p><p class=\"heading\" id=\"v1-page55-p_984\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regard the loans obtained from Unicredit S.p.A., the Group is obliged to comply with the following consolidated financial covenant, as resulting from the consolidated financial statements for each full and half year, clarifying that the economic data are to be considered on a yearly basis: ratio between Net Financial Position and EBITDA not over 3.0. In addition, in the event that such ratio should be higher than 2.25, the Issuer is obliged not to distribute or resolve the distribution of profits of the year in amounts exceeding 50% of the consolidated annual net income.</p><p class=\"heading\" id=\"v1-page55-p_985\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loans from Credito Emiliano S.p.A.</p><p id=\"v1-page55-p_986\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On September 9, 2021 the Issuer signed a loan agreement with Credito Emiliano S.p.A., for an amount equal to Euro 20,000 thousand, expiring September 9, 2026, with a fixed interest rate equal to 0.58%, We point out that such loan was mainly used for the early reimbursement of the previous loans of the same bank, which had a residual debt equal to Euro 16,798 thousand.</p><p id=\"v1-page55-p_987\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On November 2, 2022 the Issuer signed a loan agreement with Credito Emiliano S.p.A., for an amount equal to Euro 10,000 thousand, with expiration date at November 2, 2026, with a variable interest rate equal to Euribor 1-month, increased by a spread of 0.90%</p><p class=\"heading\" id=\"v1-page55-p_988\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regard the loans obtained from Credito Emiliano S.p.A., the Group is obliged to comply with the following consolidated financial covenant, as resulting from the consolidated financial statements for each full and half year: ratio between Net Financial Position and EBITDA not over 3.0.</p><p class=\"heading\" id=\"v1-page55-p_989\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is specified that for the calculation of the above ratios, based on the current contractual agreements with the banks. with the exception of the loans with Intesa SanPaolo S.p.A., the calculation of the Net Financial Position also includes the value of the Moneysupermarket.com shares, the amount of which as of December 31, 2022 is equal to Euro 95,448 thousand.</p><p id=\"v1-page55-p_990\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page55-p_990.r_0\" style=\"font-family: 'Garamond';\">The Group has complied with these covenants as of December 31, 2022.</span><span id=\"v1-page55-p_990.r_8\" style=\"font-size: 11pt;\">\u00a0</span></p><p class=\"heading\" id=\"v1-page55-p_991\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Changes in liabilities</p><p class=\"heading\" id=\"v1-page55-p_992\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">We provide below the table required by IAS 7 about the changes of the liabilities related to financing activities:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page55-tbl_37\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 52,65pt;line-height: 0px;\"></td><td style=\"width: 109,55pt;line-height: 0px;\"></td><td style=\"width: 109,55pt;line-height: 0px;\"></td><td style=\"width: 98,85pt;line-height: 0px;\"></td><td style=\"width: 97,95pt;line-height: 0px;\"></td></tr><tr id=\"v1-page55-tbl_37.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page55-tbl_37.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page55-tbl_37.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Cash flows\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page55-tbl_37.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cr\u00e9dit Agricole Italia S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020,956\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a057,000\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,791)</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a073,165\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Credito Emiliano S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017,658\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,646\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,621)</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020,683\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Intesa SanPaolo S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a079,893\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a083,333\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(8,462)</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0154,764\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Banco BPM S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014,540\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a034,160\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,384)</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a046,316\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Unicredit S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,487\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a046,535\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,925)</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a051,097\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPER Banca S:p.A.</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,528\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,528\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Long-term borrowings</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">139,534</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">231,202</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(22,183)</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">348,553</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page59-p_1025\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Short-term debts and other financial liabilities</p></li></ol><p class=\"heading\" id=\"v1-page59-p_1026\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page59-p_1027\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page59-tbl_45\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,55pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page59-tbl_45.tr_0\" style=\"height: 35pt;\"><td id=\"v1-page59-tbl_45.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page59-tbl_45.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page59-tbl_45.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Short-term bank debts</p></td><td id=\"v1-page59-tbl_45.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,000\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,013\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current portion of long-term loans:</p></td><td id=\"v1-page59-tbl_45.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a054,346\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016,048\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Cr\u00e9dit Agricole Italia S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,214\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,319\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Credito Emiliano S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,993\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,330\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page59-tbl_45.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Intesa SanPaolo S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,609\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0290\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Banca Popolare di Milano S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,683\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,102\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Unicredit S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,201\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,007\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">BPER Banca S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,646\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,000\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other financial liabilities:</p></td><td id=\"v1-page59-tbl_45.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,948\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,150\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Current lease liabilities</p></td><td id=\"v1-page59-tbl_45.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,948\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,134\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Liability for derivative on loan</p></td><td id=\"v1-page59-tbl_45.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Short-term debts and other financial liabilities</p></td><td id=\"v1-page59-tbl_45.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a066,294\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a025,211\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page59-p_1028\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Short-term debts and other financial liabilities\" amounting to Euro 66,294 thousand as of December 31, 2022, includes the current portions of bank borrowings and the interest payable on the outstanding loans, for an amount equal to Euro 54,346 thousand, the bank liabilities related to the short-term credit lines used by Agenzia Italia S.p.A., for an amount equal to Euro 8,000 thousand, the current portion of the lease liabilities (according to IFRS 16) for Euro 3,948 thousand.\u00a0</p><p class=\"heading\" id=\"v1-page59-p_1029\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">We provide below the table required by IAS 7 about the changes of the liabilities related to financing activities:</p><p id=\"v1-page59-p_1030\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page59-tbl_46\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 52,7pt;line-height: 0px;\"></td><td style=\"width: 109,55pt;line-height: 0px;\"></td><td style=\"width: 110,5pt;line-height: 0px;\"></td><td style=\"width: 97,9pt;line-height: 0px;\"></td><td style=\"width: 97,9pt;line-height: 0px;\"></td></tr><tr id=\"v1-page59-tbl_46.tr_0\" style=\"height: 33pt;\"><td id=\"v1-page59-tbl_46.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page59-tbl_46.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Cash flows\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page59-tbl_46.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Intesa SanPaolo S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0290\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016,518\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,801\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,609\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Credito Emiliano S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,330\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a037\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,626\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,993\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cr\u00e9dit Agricole Italia S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,319\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,350)</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,245\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,214\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Banco BPM S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,102\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,023\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,558\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,683\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Unicredit S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,007\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,271\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,923\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,201\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPER Banca S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,000\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(354)</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,646\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Short-term borrowings</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">16,048</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">17,145</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">21,153</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54,346</p></td></tr></table><p id=\"v1-page59-p_1031\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page59-p_1032\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Cash flows\" column includes the current portion of the new obtained loans. net of the reimbursements of the period.</p><p class=\"heading\" id=\"v1-page59-p_1033\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Others\" column refers to the reclassification among current liabilities of the portions of the loans that will expire during the next twelve months.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page54-body-tag4058495": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page54-p_961\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Long-term debts and other financial liabilities \u00a0</p></li></ol><p class=\"heading\" id=\"v1-page54-p_962\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page54-p_963\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page54-tbl_35\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 230,45pt;line-height: 0px;\"></td><td style=\"width: 118,55pt;line-height: 0px;\"></td><td style=\"width: 119,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page54-tbl_35.tr_0\" style=\"height: 34pt;\"><td id=\"v1-page54-tbl_35.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page54-tbl_35.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page54-tbl_35.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Long-term bank borrowings</p></td><td id=\"v1-page54-tbl_35.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0139,534\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0209,019\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Term between 1 and 5 years</p></td><td id=\"v1-page54-tbl_35.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0114,963\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0181,414\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Term over 5 years</p></td><td id=\"v1-page54-tbl_35.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,571\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a027,605\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other non-current financial liabilities</p></td><td id=\"v1-page54-tbl_35.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a056,401\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,076\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Put/call option liability Agenzia Italia S.p.A.</p></td><td id=\"v1-page54-tbl_35.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017,812\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Put/call option liability Gruppo Lercari S.r.l.</p></td><td id=\"v1-page54-tbl_35.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a032,672\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,170)</p></td></tr><tr id=\"v1-page54-tbl_35.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Put/call option liability Zoorate S.r.l.</p></td><td id=\"v1-page54-tbl_35.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,498\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Non-current lease liabilities</p></td><td id=\"v1-page54-tbl_35.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,917\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0665\u00a0</p></td></tr><tr id=\"v1-page54-tbl_35.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page54-tbl_35.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Totale long-term debts and other financial liabilities</p></td><td id=\"v1-page54-tbl_35.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0195,935\u00a0</p></td><td id=\"v1-page54-tbl_35.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page54-tbl_35.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0420,107\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page56-p_994\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Cash flows\" column includes the non-current portion of the new obtained loans.\u00a0</p><p class=\"heading\" id=\"v1-page56-p_995\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Others\" column refers to the reclassification among current liabilities of the portions of the loans that will expire during the next twelve months.</p><p class=\"heading\" id=\"v1-page56-p_996\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Other non-current financial liabilities</p><p class=\"heading\" id=\"v1-page56-p_997\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Finally, \"Other non-current financial liabilities\" are composed of the estimated liability for the exercise of the put/call option on the residual 49.9% stake of Gruppo Lercari S.r.l., equal to Euro 31,502 thousand, the estimated liability for the exercise of the put/call option on the residual 15.5% stake of Agenzia Italia S.p.A., equal to Euro 17,895 thousand, the estimated liability for the exercise of the put/call option on the residual 8% stake of Zoorate S.r.l., equal to Euro 1,498 thousand, and the leasing liabilities deriving from the adoption of IFRS 16, for Euro 6,582 thousand.</p><p id=\"v1-page55-p_964\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page55-p_965\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Bank loans</p><p class=\"heading\" id=\"v1-page55-p_966\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Non-current bank borrowings refer to the outstanding loans from Intesa SanPaolo S.p.A. for Euro 154,764 thousand, Cr\u00e9dit Agricole Italia S.p.A., for Euro 73,165 thousand, Banco BPM S.p.A., for Euro 46,316 thousand, Credito Emiliano S.p.A. for Euro 20,683 thousand, Unicredit S.p.A. for Euro 51,097 thousand, and BPER Banca S.p.A. for Euro 2,528 thousand.</p><p class=\"heading\" id=\"v1-page55-p_967\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The repayment schedule is as follows:</p><p id=\"v1-page55-p_968\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page55-tbl_36\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 156,85pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page55-tbl_36.tr_0\" style=\"height: 35pt;\"><td id=\"v1-page55-tbl_36.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page55-tbl_36.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page55-tbl_36.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between one and two years</p></td><td id=\"v1-page55-tbl_36.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a080,396\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,215\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between two and three years</p></td><td id=\"v1-page55-tbl_36.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a081,595\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a035,682\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between three and four years</p></td><td id=\"v1-page55-tbl_36.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a073,358\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a031,168\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- between four and five years</p></td><td id=\"v1-page55-tbl_36.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a061,028\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a023,898\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">- more than five</p></td><td id=\"v1-page55-tbl_36.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a052,176\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,571\u00a0</p></td></tr><tr id=\"v1-page55-tbl_36.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_36.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page55-tbl_36.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0348,553\u00a0</p></td><td id=\"v1-page55-tbl_36.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_36.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0139,534\u00a0</p></td></tr></table><p id=\"v1-page55-p_969\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\u00a0<span id=\"v1-page55-p_969.r_1\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; text-decoration: underline;\">Loans from Cr\u00e9dit Agricole Italia S.p.A.</span></p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page55-p_970\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On June 28, 2018 the Issuer signed a loan agreement with Cr\u00e9dit Agricole Italia S.p.A., for an amount equal to Euro 20,000 thousand, paid in two tranches on June 28, 2018 and July 4, 2018. The schedule of the loan provides for six-monthly reimbursements starting from December 31, 2018 to June 30, 2025, at a yearly interest rate equal to 3-month Euribor increased by 0.90%, subject to variation at each payment date based on the ratio between the Net Financial Indebtedness and EBITDA.\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page55-p_971\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On March 30, 2020 the Issuer signed a loan agreement with Cr\u00e9dit Agricole Italia S.p.A., for an amount equal to Euro 15,000 thousand, expiring on June 30, 2026, at a yearly fixed rate equal to 1.05%</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page55-p_972\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On August 9, 2022 the Issuer signed a loan agreement with Credit Agricole Italia S.p.A., disbursed in the fourth quarter for Euro 60,000 thousand, with expiration date at June 30, 2028, with a variable interest rate equal to 3-month Euribor, increased by a spread of 1.65%.</p></li></ol><p id=\"v1-page55-p_973\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With regard to such loans, the Issuer is obliged to comply with the following consolidated financial covenant: ratio between Net Financial Position and EBITDA not over 3.25 in 2022, and not over 3.00 starting from 2023.</p><p class=\"heading\" id=\"v1-page55-p_974\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loan from Banco BPM S.p.A.</p><p class=\"heading\" id=\"v1-page55-p_975\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On September 5, 2022, \u00a0the Issuer signed a loan agreement with Banco BPM S.p.A., for a total amount equal to Euro 50,000 thousand, with a variable interest rate equal to 6-month Euribor, increased by a spread of 1.80% on a credit line equal to Euro 35,000 thousand (\"<span id=\"v1-page55-p_975.r_19\" style=\"font-weight: bold;\">Line A</span>\"), with expiration date at June 30, 2028, and a spread of 2.00% on a bullet credit line equal to Euro 15,000 thousand (\"<span id=\"v1-page55-p_975.r_29\" style=\"font-weight: bold;\">Line B</span>\"), with expiration date at December 31, 2028. In addition, on 50% of the financed amount, and until the expiration date of each credit line, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 2.39% for the Line A, and 2.485% for the Line B, increased by the margins described above.</p><p id=\"v1-page55-p_976\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With regard to the loan obtained from Banco BPM S.p.A., the Issuer is obliged to comply with the following consolidated financial covenant, as resulting from the consolidated financial statement for each full and half year, clarifying that the economic data are to be considered on an yearly basis: ratio between Net Financial Position and EBITDA not over 3.0.</p><p class=\"heading\" id=\"v1-page55-p_977\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loans from Intesa SanPaolo S.p.A.</p><p class=\"heading\" id=\"v1-page55-p_978\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On March 30, 2021 the Issuer signed a loan agreement with Intesa SanPaolo S.p.A., for an amount equal to Euro 80,000 thousand, expiring March 30, 2028, with a fixed interest rate equal to 1.45%. We point out that such loan was partially used for the early reimbursement of the previous loans of the same bank, which had a residual debt equal to Euro 37,009 thousand.</p><p class=\"heading\" id=\"v1-page55-p_979\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On July 29, 2022 the Issuer signed a loan agreement with Intesa SanPaolo S.p.A. composed of two tranches, respectively of Euro 40,000 thousand and 60,000 thousand, both disbursed in 2022. The contract provides, for both tranches of the loan, an expiration date of December 31, 2028, with an interest rate equal to the 6-month Euribor rate, increased by a margin of 2.00%. In addition, on 60% of the disbursed amount, and until December 31, 2026, a derivative contract was signed to hedge the interest rate, which is converted to a fixed rate at 1.396%, increased by the margin of 2.00%.</p><p class=\"heading\" id=\"v1-page55-p_980\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regard the loan obtained from Intesa SanPaolo S.p.A., the Group is obliged to comply with the following consolidated financial covenants: i) ratio between Net Financial Position and EBITDA not over 3.5 in 2022, not over 3.0 in 2023 and not over 2.5 starting from 2024; ii) ratio between Net Financial Position and Equity not over 2.0. In addition, in the event that the ratio between Net Financial Position and EBITDA should result higher than 2.0 but lower that 2.5. the Issuer is obliged not to distribute profits and/or reserves made up of undistributed profits from previous years in excess of 50%, while in the event that such ratio should result higher than 2.5, the Issuer is obliged not to distribute profits and/or reserves made up of undistributed profits from previous years in excess of 25%.</p><p class=\"heading\" id=\"v1-page55-p_981\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loans from Unicredit S.p.A.</p><p class=\"heading\" id=\"v1-page55-p_982\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On February 26, 2021 the Issuer signed a loan agreement with Unicredit S.p.A., for an amount equal to Euro 10,000 thousand, expiring February 28, 2026, with a variable interest rate equal to 3-month Euribor increased by 1.60%. On such loan we took a derivative contract to hedge the variable rate, which converts the 3-month Euribor interest rate into a yearly fixed rate of minus 0.15% and whose fair value as of December 31, 2021 shows a negative value equal to Euro 16 thousand.</p><p class=\"heading\" id=\"v1-page55-p_983\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On August 9, 2022 the Issuer signed a loan agreement with Unicredit S.p.A., for an amount equal to Euro 50,000 thousand, with expiration date at August 31, 2028, with a variable interest rate equal to 3-month Euribor, increased by a spread of 1.80%. In addition, on 60% of the financed amount, equal to Euro 30,000 thousand, and until August 29, 2025, a derivative contract was signed into to hedge the interest rate, which is converted to a fixed rate at 1.435%, increased by the margin of 1.80%.\u00a0</p><p class=\"heading\" id=\"v1-page55-p_984\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regard the loans obtained from Unicredit S.p.A., the Group is obliged to comply with the following consolidated financial covenant, as resulting from the consolidated financial statements for each full and half year, clarifying that the economic data are to be considered on a yearly basis: ratio between Net Financial Position and EBITDA not over 3.0. In addition, in the event that such ratio should be higher than 2.25, the Issuer is obliged not to distribute or resolve the distribution of profits of the year in amounts exceeding 50% of the consolidated annual net income.</p><p class=\"heading\" id=\"v1-page55-p_985\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Loans from Credito Emiliano S.p.A.</p><p id=\"v1-page55-p_986\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On September 9, 2021 the Issuer signed a loan agreement with Credito Emiliano S.p.A., for an amount equal to Euro 20,000 thousand, expiring September 9, 2026, with a fixed interest rate equal to 0.58%, We point out that such loan was mainly used for the early reimbursement of the previous loans of the same bank, which had a residual debt equal to Euro 16,798 thousand.</p><p id=\"v1-page55-p_987\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On November 2, 2022 the Issuer signed a loan agreement with Credito Emiliano S.p.A., for an amount equal to Euro 10,000 thousand, with expiration date at November 2, 2026, with a variable interest rate equal to Euribor 1-month, increased by a spread of 0.90%</p><p class=\"heading\" id=\"v1-page55-p_988\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regard the loans obtained from Credito Emiliano S.p.A., the Group is obliged to comply with the following consolidated financial covenant, as resulting from the consolidated financial statements for each full and half year: ratio between Net Financial Position and EBITDA not over 3.0.</p><p class=\"heading\" id=\"v1-page55-p_989\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">It is specified that for the calculation of the above ratios, based on the current contractual agreements with the banks. with the exception of the loans with Intesa SanPaolo S.p.A., the calculation of the Net Financial Position also includes the value of the Moneysupermarket.com shares, the amount of which as of December 31, 2022 is equal to Euro 95,448 thousand.</p><p id=\"v1-page55-p_990\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page55-p_990.r_0\" style=\"font-family: 'Garamond';\">The Group has complied with these covenants as of December 31, 2022.</span><span id=\"v1-page55-p_990.r_8\" style=\"font-size: 11pt;\">\u00a0</span></p><p class=\"heading\" id=\"v1-page55-p_991\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Changes in liabilities</p><p class=\"heading\" id=\"v1-page55-p_992\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">We provide below the table required by IAS 7 about the changes of the liabilities related to financing activities:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page55-tbl_37\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 52,65pt;line-height: 0px;\"></td><td style=\"width: 109,55pt;line-height: 0px;\"></td><td style=\"width: 109,55pt;line-height: 0px;\"></td><td style=\"width: 98,85pt;line-height: 0px;\"></td><td style=\"width: 97,95pt;line-height: 0px;\"></td></tr><tr id=\"v1-page55-tbl_37.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page55-tbl_37.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page55-tbl_37.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Cash flows\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page55-tbl_37.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cr\u00e9dit Agricole Italia S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020,956\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a057,000\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,791)</p></td><td id=\"v1-page55-tbl_37.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a073,165\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Credito Emiliano S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017,658\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,646\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,621)</p></td><td id=\"v1-page55-tbl_37.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020,683\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Intesa SanPaolo S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a079,893\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a083,333\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(8,462)</p></td><td id=\"v1-page55-tbl_37.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0154,764\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Banco BPM S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014,540\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a034,160\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,384)</p></td><td id=\"v1-page55-tbl_37.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a046,316\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Unicredit S.p.A.</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,487\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a046,535\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,925)</p></td><td id=\"v1-page55-tbl_37.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a051,097\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPER Banca S:p.A.</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,528\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page55-tbl_37.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,528\u00a0</p></td></tr><tr id=\"v1-page55-tbl_37.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page55-tbl_37.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Long-term borrowings</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">139,534</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">231,202</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(22,183)</p></td><td id=\"v1-page55-tbl_37.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page55-tbl_37.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">348,553</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page59-p_1025\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Short-term debts and other financial liabilities</p></li></ol><p class=\"heading\" id=\"v1-page59-p_1026\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page59-p_1027\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page59-tbl_45\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,55pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page59-tbl_45.tr_0\" style=\"height: 35pt;\"><td id=\"v1-page59-tbl_45.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page59-tbl_45.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page59-tbl_45.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Short-term bank debts</p></td><td id=\"v1-page59-tbl_45.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,000\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,013\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current portion of long-term loans:</p></td><td id=\"v1-page59-tbl_45.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a054,346\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016,048\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Cr\u00e9dit Agricole Italia S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,214\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,319\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Credito Emiliano S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,993\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,330\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page59-tbl_45.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Intesa SanPaolo S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,609\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0290\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Banca Popolare di Milano S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,683\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,102\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Unicredit S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,201\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,007\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">BPER Banca S.p.A.</p></td><td id=\"v1-page59-tbl_45.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,646\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,000\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other financial liabilities:</p></td><td id=\"v1-page59-tbl_45.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,948\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,150\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Current lease liabilities</p></td><td id=\"v1-page59-tbl_45.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,948\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,134\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">Liability for derivative on loan</p></td><td id=\"v1-page59-tbl_45.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page59-tbl_45.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016\u00a0</p></td></tr><tr id=\"v1-page59-tbl_45.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_45.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Short-term debts and other financial liabilities</p></td><td id=\"v1-page59-tbl_45.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a066,294\u00a0</p></td><td id=\"v1-page59-tbl_45.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_45.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a025,211\u00a0</p></td></tr></table><p class=\"heading\" id=\"v1-page59-p_1028\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Short-term debts and other financial liabilities\" amounting to Euro 66,294 thousand as of December 31, 2022, includes the current portions of bank borrowings and the interest payable on the outstanding loans, for an amount equal to Euro 54,346 thousand, the bank liabilities related to the short-term credit lines used by Agenzia Italia S.p.A., for an amount equal to Euro 8,000 thousand, the current portion of the lease liabilities (according to IFRS 16) for Euro 3,948 thousand.\u00a0</p><p class=\"heading\" id=\"v1-page59-p_1029\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">We provide below the table required by IAS 7 about the changes of the liabilities related to financing activities:</p><p id=\"v1-page59-p_1030\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page59-tbl_46\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 52,7pt;line-height: 0px;\"></td><td style=\"width: 109,55pt;line-height: 0px;\"></td><td style=\"width: 110,5pt;line-height: 0px;\"></td><td style=\"width: 97,9pt;line-height: 0px;\"></td><td style=\"width: 97,9pt;line-height: 0px;\"></td></tr><tr id=\"v1-page59-tbl_46.tr_0\" style=\"height: 33pt;\"><td id=\"v1-page59-tbl_46.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page59-tbl_46.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Cash flows\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Others\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page59-tbl_46.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Intesa SanPaolo S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0290\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016,518\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,801\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,609\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Credito Emiliano S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,330\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a037\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,626\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,993\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Cr\u00e9dit Agricole Italia S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,319\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,350)</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04,245\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,214\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Banco BPM S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,102\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,023\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,558\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_4.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08,683\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Unicredit S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,007\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,271\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,923\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_5.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,201\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPER Banca S.p.A.</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,000\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(354)</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page59-tbl_46.tr_6.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,646\u00a0</p></td></tr><tr id=\"v1-page59-tbl_46.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page59-tbl_46.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Short-term borrowings</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">16,048</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">17,145</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">21,153</p></td><td id=\"v1-page59-tbl_46.tr_7.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page59-tbl_46.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">54,346</p></td></tr></table><p id=\"v1-page59-p_1031\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page59-p_1032\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Cash flows\" column includes the current portion of the new obtained loans. net of the reimbursements of the period.</p><p class=\"heading\" id=\"v1-page59-p_1033\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Others\" column refers to the reclassification among current liabilities of the portions of the loans that will expire during the next twelve months.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page56-body-tag4058498": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page56-p_998\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Provisions for risks and charges</p></li></ol><p class=\"heading\" id=\"v1-page56-p_999\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following tables present the situation and the variation of the item as of and for the financial year ended December 31, 2022 and 2021:</p><p class=\"heading\" id=\"v1-page56-p_1000\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2021</p><p id=\"v1-page56-p_1001\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page56-tbl_38\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 59,9pt;line-height: 0px;\"></td><td style=\"width: 95,9pt;line-height: 0px;\"></td><td style=\"width: 96,85pt;line-height: 0px;\"></td><td style=\"width: 95,65pt;line-height: 0px;\"></td><td style=\"width: 59,6pt;line-height: 0px;\"></td><td style=\"width: 60,65pt;line-height: 0px;\"></td></tr><tr id=\"v1-page56-tbl_38.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_38.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page56-tbl_38.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2020\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page56-tbl_38.tr_1\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_38.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for early repayment of mortgages</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td></tr><tr id=\"v1-page56-tbl_38.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page56-tbl_38.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other provisions for risks</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,670</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">72</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(40)</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,702</p></td></tr><tr id=\"v1-page56-tbl_38.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page56-tbl_38.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,850\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a072\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(40)</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,882</p></td></tr></table><p id=\"v1-page56-p_1002\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page56-p_1003\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2022</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page56-tbl_39\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 60,15pt;line-height: 0px;\"></td><td style=\"width: 95,95pt;line-height: 0px;\"></td><td style=\"width: 96,45pt;line-height: 0px;\"></td><td style=\"width: 95,65pt;line-height: 0px;\"></td><td style=\"width: 59,6pt;line-height: 0px;\"></td><td style=\"width: 60,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page56-tbl_39.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_39.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page56-tbl_39.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page56-tbl_39.tr_1\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_39.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for early repayment of mortgages</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td></tr><tr id=\"v1-page56-tbl_39.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page56-tbl_39.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other provisions for risks</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,702</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">18</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(147)</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,576</p></td></tr><tr id=\"v1-page56-tbl_39.tr_3\" style=\"height: 16pt;\"><td id=\"v1-page56-tbl_39.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,882\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a018\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(147)</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,756</p></td></tr></table><p class=\"heading\" id=\"v1-page57-p_1004\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The provision for early repayment of mortgages includes the estimation of possible repayment of commissions received for mortgages intermediated in the year ended at the financial statements date, if particular clauses of the agreements with the banks provide for the reversal of the fees in case of loan prepayment or borrower default. The item also includes a provision of Euro 126 thousand, booked during financial year ended December 31, 2019, which refers to an estimation of the economic indemnities that may have to be paid to customers and/or assignees by a company of the Group which provides loans subsequently transferred to other intermediaries, in the event of requests for early repayment, pursuant to the judgment of the Court of Justice of the European Union of September 11, 2019 about the repayment - pro rata - of the total cost of the receivable in case of early repayment.</p><p class=\"heading\" id=\"v1-page57-p_1005\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Other provisions for risks\" include, for Euro 875 thousand, the estimation of the liability deriving from the probable charging by some suppliers of the Group of additional costs compared to the previously foreseeable amount, related to professional services supplied to the Mortgage BPO business line. The management considers it appropriate to allot those amounts since, based on the agreements with these suppliers, the Group must bear the direct costs incurred by the suppliers in the provision of these services. The item also includes the measurement of the liability considered probable related to labor claims, for Euro 694 thousand (the utilization of this provision amount to Euro 147 thousand in 2022).</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page56-body-tag4058497": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page56-p_998\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Provisions for risks and charges</p></li></ol><p class=\"heading\" id=\"v1-page56-p_999\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following tables present the situation and the variation of the item as of and for the financial year ended December 31, 2022 and 2021:</p><p class=\"heading\" id=\"v1-page56-p_1000\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2021</p><p id=\"v1-page56-p_1001\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page56-tbl_38\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 59,9pt;line-height: 0px;\"></td><td style=\"width: 95,9pt;line-height: 0px;\"></td><td style=\"width: 96,85pt;line-height: 0px;\"></td><td style=\"width: 95,65pt;line-height: 0px;\"></td><td style=\"width: 59,6pt;line-height: 0px;\"></td><td style=\"width: 60,65pt;line-height: 0px;\"></td></tr><tr id=\"v1-page56-tbl_38.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_38.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page56-tbl_38.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2020\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page56-tbl_38.tr_1\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_38.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for early repayment of mortgages</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td></tr><tr id=\"v1-page56-tbl_38.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page56-tbl_38.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other provisions for risks</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,670</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">72</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(40)</p></td><td id=\"v1-page56-tbl_38.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,702</p></td></tr><tr id=\"v1-page56-tbl_38.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page56-tbl_38.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,850\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0-\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a072\u00a0</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(40)</p></td><td id=\"v1-page56-tbl_38.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_38.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,882</p></td></tr></table><p id=\"v1-page56-p_1002\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page56-p_1003\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Year ended December 31, 2022</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page56-tbl_39\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 60,15pt;line-height: 0px;\"></td><td style=\"width: 95,95pt;line-height: 0px;\"></td><td style=\"width: 96,45pt;line-height: 0px;\"></td><td style=\"width: 95,65pt;line-height: 0px;\"></td><td style=\"width: 59,6pt;line-height: 0px;\"></td><td style=\"width: 60,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page56-tbl_39.tr_0\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_39.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page56-tbl_39.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Change in the scope of consolidation\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_3\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Accrual\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_4\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0Utilization\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_0.tc_5\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td></tr><tr id=\"v1-page56-tbl_39.tr_1\" style=\"height: 41pt;\"><td id=\"v1-page56-tbl_39.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Provision for early repayment of mortgages</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page56-tbl_39.tr_1.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_1.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">180</p></td></tr><tr id=\"v1-page56-tbl_39.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page56-tbl_39.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other provisions for risks</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,702</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">18</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(147)</p></td><td id=\"v1-page56-tbl_39.tr_2.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,576</p></td></tr><tr id=\"v1-page56-tbl_39.tr_3\" style=\"height: 16pt;\"><td id=\"v1-page56-tbl_39.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,882\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_3\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a018\u00a0</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_4\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(147)</p></td><td id=\"v1-page56-tbl_39.tr_3.tc_5\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page56-tbl_39.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">1,756</p></td></tr></table><p class=\"heading\" id=\"v1-page57-p_1004\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The provision for early repayment of mortgages includes the estimation of possible repayment of commissions received for mortgages intermediated in the year ended at the financial statements date, if particular clauses of the agreements with the banks provide for the reversal of the fees in case of loan prepayment or borrower default. The item also includes a provision of Euro 126 thousand, booked during financial year ended December 31, 2019, which refers to an estimation of the economic indemnities that may have to be paid to customers and/or assignees by a company of the Group which provides loans subsequently transferred to other intermediaries, in the event of requests for early repayment, pursuant to the judgment of the Court of Justice of the European Union of September 11, 2019 about the repayment - pro rata - of the total cost of the receivable in case of early repayment.</p><p class=\"heading\" id=\"v1-page57-p_1005\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Other provisions for risks\" include, for Euro 875 thousand, the estimation of the liability deriving from the probable charging by some suppliers of the Group of additional costs compared to the previously foreseeable amount, related to professional services supplied to the Mortgage BPO business line. The management considers it appropriate to allot those amounts since, based on the agreements with these suppliers, the Group must bear the direct costs incurred by the suppliers in the provision of these services. The item also includes the measurement of the liability considered probable related to labor claims, for Euro 694 thousand (the utilization of this provision amount to Euro 147 thousand in 2022).</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page57-body-tag4058499": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page57-p_1006\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Defined benefit program liabilities\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page57-p_1007\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page57-p_1008\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page57-tbl_40\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,55pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page57-tbl_40.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page57-tbl_40.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page57-tbl_40.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page57-tbl_40.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page57-tbl_40.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_40.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Employee termination benefits</p></td><td id=\"v1-page57-tbl_40.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a018,420\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017,936\u00a0</p></td></tr><tr id=\"v1-page57-tbl_40.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_40.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Directors' termination benefits</p></td><td id=\"v1-page57-tbl_40.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0460\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0290\u00a0</p></td></tr><tr id=\"v1-page57-tbl_40.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_40.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Long Term Incentive Plan liability</p></td><td id=\"v1-page57-tbl_40.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0145\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td></tr><tr id=\"v1-page57-tbl_40.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_40.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total defined benefit program liabilities</p></td><td id=\"v1-page57-tbl_40.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a019,025\u00a0</p></td><td id=\"v1-page57-tbl_40.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_40.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a018,226\u00a0</p></td></tr></table><p id=\"v1-page57-p_1009\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page57-p_1010\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The liability for Long Term Incentive Plan refers to the estimated liability due to the employees benefiting from the incentive plan, the amount of which is calculated based on the results to be achieved by the Group in the financial year ending December 31, 2024.</p><p class=\"heading\" id=\"v1-page57-p_1011\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The economic and demographic assumptions used for the actuarial determination of the defined benefit program liabilities are provided below for the years ended December 31, 2022 and 2021:</p><p id=\"v1-page57-p_1012\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page57-tbl_41\" style=\"border-collapse: collapse;width: 6,667in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 279pt;line-height: 0px;\"></td><td style=\"width: 96pt;line-height: 0px;\"></td><td style=\"width: 105pt;line-height: 0px;\"></td></tr><tr id=\"v1-page57-tbl_41.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page57-tbl_41.tr_0.tc_0\" style=\"width: 279pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page57-tbl_41.tr_0.tc_1\" style=\"width: 96pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page57-tbl_41.tr_0.tc_2\" style=\"width: 105pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page57-tbl_41.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page57-tbl_41.tr_1.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page57-tbl_41.tr_1.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_1.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page57-tbl_41.tr_1.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_1.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: center;\"><br/></p></td></tr><tr id=\"v1-page57-tbl_41.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_2.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">ECONOMIC ASSUMPTIONS</p></td><td id=\"v1-page57-tbl_41.tr_2.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\"><br/></p></td><td id=\"v1-page57-tbl_41.tr_2.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_2.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page57-tbl_41.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_3.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Inflation rate</p></td><td id=\"v1-page57-tbl_41.tr_3.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2.50%</p></td><td id=\"v1-page57-tbl_41.tr_3.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1.50%</p></td></tr><tr id=\"v1-page57-tbl_41.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_4.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Discount rate</p></td><td id=\"v1-page57-tbl_41.tr_4.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.70%</p></td><td id=\"v1-page57-tbl_41.tr_4.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1.00%</p></td></tr><tr id=\"v1-page57-tbl_41.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_5.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Salary growth rate</p></td><td id=\"v1-page57-tbl_41.tr_5.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.00%</p></td><td id=\"v1-page57-tbl_41.tr_5.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2.50%</p></td></tr><tr id=\"v1-page57-tbl_41.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page57-tbl_41.tr_6.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">TFR growth rate</p></td><td id=\"v1-page57-tbl_41.tr_6.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.38%</p></td><td id=\"v1-page57-tbl_41.tr_6.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page57-tbl_41.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2.63%</p></td></tr><tr id=\"v1-page57-tbl_41.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page57-tbl_41.tr_7.tc_0\" style=\"width: 279pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page57-tbl_41.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page57-tbl_41.tr_7.tc_1\" style=\"width: 96pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page57-tbl_41.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page57-tbl_41.tr_7.tc_2\" style=\"width: 105pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page57-tbl_41.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page58-tbl_42\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 156,8pt;line-height: 0px;\"></td><td style=\"width: 312,25pt;line-height: 0px;\"></td></tr><tr id=\"v1-page58-tbl_42.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_42.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td><td id=\"v1-page58-tbl_42.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page58-tbl_42.tr_1\" style=\"height: 14pt;\"><td colspan=\"2\" id=\"v1-page58-tbl_42.tr_1.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">DEMOGRAPHIC ASSUMPTIONS</p></td></tr><tr id=\"v1-page58-tbl_42.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_42.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page58-tbl_42.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page58-tbl_42.tr_3\" style=\"height: 29pt;\"><td id=\"v1-page58-tbl_42.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected mortality rate</p></td><td id=\"v1-page58-tbl_42.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected mortality rate of Italian population, according with data from\u00a0<span id=\"v1-page58-tbl_42.tr_3.tc_1.p_0.r_1\" style=\"font-style: italic;\">Ragioneria Generale dello Stato</span>\u00a0(RG48)</p></td></tr><tr id=\"v1-page58-tbl_42.tr_4\" style=\"height: 46pt;\"><td id=\"v1-page58-tbl_42.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected invalidity rate</p></td><td id=\"v1-page58-tbl_42.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Data split by sex, driven by the INPS model and projected to 2010. Expectations are constructed using the age and gender of the living pensioners at January 1, 1987 beginning from 1984, 1985, 1986 for the personnel of the credit sector.</p></td></tr><tr id=\"v1-page58-tbl_42.tr_5\" style=\"height: 31pt;\"><td id=\"v1-page58-tbl_42.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected termination rate</p></td><td id=\"v1-page58-tbl_42.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">As regards the expected termination, a rate of 7.50% p.a. has been applied for all employees.\u00a0</p></td></tr><tr id=\"v1-page58-tbl_42.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page58-tbl_42.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected retirements</p></td><td id=\"v1-page58-tbl_42.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">It is expected that employees will reach the pensionable age provided within local laws</p></td></tr><tr id=\"v1-page58-tbl_42.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page58-tbl_42.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Expected early repayment rate</p></td><td id=\"v1-page58-tbl_42.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page58-tbl_42.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">A rate of 3% p.a. has been applied.</p></td></tr><tr id=\"v1-page58-tbl_42.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_42.tr_8.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page58-tbl_42.tr_8.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_42.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page58-p_1014\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><p class=\"heading\" id=\"v1-page58-p_1015\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Actuarial gains deriving from the liability as of December 31, 2022. equal to Euro 3,414 thousand, are recorded in equity, with the recognition in the comprehensive income statement.</p><p class=\"heading\" id=\"v1-page58-p_1016\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the variation of the employee termination benefit liability for the year ended December 31, 2022 and 2021:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page58-tbl_43\" style=\"border-collapse: collapse;width: 5,444in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 301pt;line-height: 0px;\"></td><td style=\"width: 91pt;line-height: 0px;\"></td></tr><tr id=\"v1-page58-tbl_43.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_0.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_43.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page58-tbl_43.tr_0.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page58-tbl_43.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_1.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Value as of December 31, 2020</p></td><td id=\"v1-page58-tbl_43.tr_1.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">16,368</p></td></tr><tr id=\"v1-page58-tbl_43.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_2.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current service cost</p></td><td id=\"v1-page58-tbl_43.tr_2.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,737</p></td></tr><tr id=\"v1-page58-tbl_43.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_3.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Interest cost</p></td><td id=\"v1-page58-tbl_43.tr_3.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">58</p></td></tr><tr id=\"v1-page58-tbl_43.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_4.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Change in the scope of consolidation</p></td><td id=\"v1-page58-tbl_43.tr_4.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">314</p></td></tr><tr id=\"v1-page58-tbl_43.tr_5\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_5.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Benefits paid</p></td><td id=\"v1-page58-tbl_43.tr_5.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,622)</p></td></tr><tr id=\"v1-page58-tbl_43.tr_6\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_6.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Losses /(Gains) of the year</p></td><td id=\"v1-page58-tbl_43.tr_6.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">81</p></td></tr><tr id=\"v1-page58-tbl_43.tr_7\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_7.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Value as of December 31, 2021</p></td><td id=\"v1-page58-tbl_43.tr_7.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">17,936</p></td></tr><tr id=\"v1-page58-tbl_43.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_8.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current service cost</p></td><td id=\"v1-page58-tbl_43.tr_8.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,141</p></td></tr><tr id=\"v1-page58-tbl_43.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_9.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Interest cost</p></td><td id=\"v1-page58-tbl_43.tr_9.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">182</p></td></tr><tr id=\"v1-page58-tbl_43.tr_10\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_10.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Change in the scope of consolidation</p></td><td id=\"v1-page58-tbl_43.tr_10.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2,766</p></td></tr><tr id=\"v1-page58-tbl_43.tr_11\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_11.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Benefits paid</p></td><td id=\"v1-page58-tbl_43.tr_11.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,191)</p></td></tr><tr id=\"v1-page58-tbl_43.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_12.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Losses /(Gains) of the year</p></td><td id=\"v1-page58-tbl_43.tr_12.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,414)</p></td></tr><tr id=\"v1-page58-tbl_43.tr_13\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_43.tr_13.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Value as of December 31, 2022</p></td><td id=\"v1-page58-tbl_43.tr_13.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_43.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">18,420</p></td></tr></table><p id=\"v1-page58-p_1017\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page58-p_1018\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Expenses related to the defined benefit program liability that are recognized in the income statement are as follows:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page58-tbl_44\" style=\"border-collapse: collapse;width: 6,708in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 301pt;line-height: 0px;\"></td><td style=\"width: 91pt;line-height: 0px;\"></td><td style=\"width: 91pt;line-height: 0px;\"></td></tr><tr id=\"v1-page58-tbl_44.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_44.tr_0.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page58-tbl_44.tr_0.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page58-tbl_44.tr_0.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page58-tbl_44.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page58-tbl_44.tr_1.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page58-tbl_44.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page58-tbl_44.tr_1.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2022</p></td><td id=\"v1-page58-tbl_44.tr_1.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2021</p></td></tr><tr id=\"v1-page58-tbl_44.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_44.tr_2.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current personnel cost</p></td><td id=\"v1-page58-tbl_44.tr_2.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,141)</p></td><td id=\"v1-page58-tbl_44.tr_2.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,737)</p></td></tr><tr id=\"v1-page58-tbl_44.tr_3\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_44.tr_3.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Implicit interest cost</p></td><td id=\"v1-page58-tbl_44.tr_3.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(182)</p></td><td id=\"v1-page58-tbl_44.tr_3.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page58-tbl_44.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(58)</p></td></tr><tr id=\"v1-page58-tbl_44.tr_4\" style=\"height: 14pt;\"><td id=\"v1-page58-tbl_44.tr_4.tc_0\" style=\"width: 301pt;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total expenses related to the defined benefit program</p></td><td id=\"v1-page58-tbl_44.tr_4.tc_1\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,323)</p></td><td id=\"v1-page58-tbl_44.tr_4.tc_2\" style=\"width: 91pt;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page58-tbl_44.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2,795)</p></td></tr></table><p class=\"heading\" id=\"v1-page59-p_1020\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As regards the discount rate, the reference rate used for the valorization of this parameter is the Iboxx Eur Corporate AA 10+ index (maturity over 10 years) as of the valuation date. This term is in fact linked to the average residual permanence of the employees of the Group, weighed with the expected payments.</p><p class=\"heading\" id=\"v1-page59-p_1021\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The directors' termination benefits for the companies of the Group are recognized pursuant to the resolutions of the relevant shareholders' meetings. The increase of Euro 168 thousand refers to the provision of the year.</p><p class=\"heading\" id=\"v1-page61-p_1090\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page61-p_1091\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page61-tbl_56\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 222,45pt;line-height: 0px;\"></td><td style=\"width: 123,05pt;line-height: 0px;\"></td><td style=\"width: 123,05pt;line-height: 0px;\"></td></tr><tr id=\"v1-page61-tbl_56.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_56.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_56.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_56.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page61-tbl_56.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_56.tr_1\" style=\"height: 29pt;\"><td id=\"v1-page61-tbl_56.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_56.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page61-tbl_56.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page61-tbl_56.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page61-tbl_56.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_56.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Wages and salaries</p></td><td id=\"v1-page61-tbl_56.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(67,160)</p></td><td id=\"v1-page61-tbl_56.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(60,480)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Social security contributions</p></td><td id=\"v1-page61-tbl_56.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(18,075)</p></td><td id=\"v1-page61-tbl_56.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(15,583)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Professional collaborators and project workers costs</p></td><td id=\"v1-page61-tbl_56.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,610)</p></td><td id=\"v1-page61-tbl_56.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,568)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Directors' compensation</p></td><td id=\"v1-page61-tbl_56.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(5,613)</p></td><td id=\"v1-page61-tbl_56.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(6,203)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Defined benefit program costs</p></td><td id=\"v1-page61-tbl_56.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,635)</p></td><td id=\"v1-page61-tbl_56.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,135)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other costs</p></td><td id=\"v1-page61-tbl_56.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(598)</p></td><td id=\"v1-page61-tbl_56.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(471)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options</p></td><td id=\"v1-page61-tbl_56.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(979)</p></td><td id=\"v1-page61-tbl_56.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(479)</p></td></tr><tr id=\"v1-page61-tbl_56.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_56.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total personnel costs</p></td><td id=\"v1-page61-tbl_56.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(99,670)</p></td><td id=\"v1-page61-tbl_56.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_56.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(89,919)</p></td></tr></table><p class=\"heading\" id=\"v1-page61-p_1092\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The increase compared to the previous financial year is mainly due to the growth of the average headcount, due to the enlargement of the consolidation area.</p><p class=\"heading\" id=\"v1-page61-p_1093\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The average headcount is as follows:</p><p id=\"v1-page61-p_1094\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page61-tbl_57\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 232,65pt;line-height: 0px;\"></td><td style=\"width: 106,1pt;line-height: 0px;\"></td><td style=\"width: 106,1pt;line-height: 0px;\"></td></tr><tr id=\"v1-page61-tbl_57.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_57.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page61-tbl_57.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page61-tbl_57.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page61-tbl_57.tr_1.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_1.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2022</p></td><td id=\"v1-page61-tbl_57.tr_1.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2021</p></td></tr><tr id=\"v1-page61-tbl_57.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_2.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Managers</p></td><td id=\"v1-page61-tbl_57.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_3.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a031\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Supervisors</p></td><td id=\"v1-page61-tbl_57.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a089\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_4.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a074\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Employees</p></td><td id=\"v1-page61-tbl_57.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,333\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_5.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,224\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_6\" style=\"height: 19pt;\"><td id=\"v1-page61-tbl_57.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Professional collaborators and project workers</p></td><td id=\"v1-page61-tbl_57.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_6.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a032\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_7.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_8.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Average headcount</p></td><td id=\"v1-page61-tbl_57.tr_8.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,555\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_8.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,361\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_57.tr_9.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_9.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_9.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_10.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Italy</p></td><td id=\"v1-page61-tbl_57.tr_10.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,927\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_10.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,764\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_11.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Romania</p></td><td id=\"v1-page61-tbl_57.tr_11.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0531\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_11.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0459\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_12.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Albania</p></td><td id=\"v1-page61-tbl_57.tr_12.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a093\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_12.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0134\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_13.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Germany</p></td><td id=\"v1-page61-tbl_57.tr_13.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_13.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_14\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_57.tr_14.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_14.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_14.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page61-p_1089\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Personnel costs</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page59-body-tag4058500": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page59-p_1022\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other non-current liabilities</p></li></ol><p id=\"v1-page59-p_1023\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item, equal to Euro 13,078 thousand as of December 31, 2022, mainly includes the non-current portion of the consideration still to be paid for the acquisition of Trebi Generalconsult S.r.l. for Euro 9,000 thousand, Onda S.r.l. for Euro 750 thousand, Gema Motor S.r.l. for Euro 188 thousand, Luna Service S.r.l. for Euro 100 thousand, Europa Centro Servizi S.r.l. for Euro 1,757 thousand and Sovime S.r.l. for Euro 1,163 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "v1-page59-body-tag4058501": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page59-p_1034\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Trade and other payables</p></li></ol><p class=\"heading\" id=\"v1-page59-p_1035\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Trade and other payables include the payables to suppliers for the purchase of goods and services, for Euro 41,980 thousand as of December 31, 2022, compared to Euro 43,580 thousand as of December 31, 2021.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "v1-page60-body-tag4058555": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1038\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other current liabilities</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1039\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1040\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_47\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 185,55pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_47.tr_0\" style=\"height: 30pt;\"><td id=\"v1-page60-tbl_47.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_47.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_47.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Liabilities to personnel</p></td><td id=\"v1-page60-tbl_47.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a018,981\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016,712\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Social security liabilities</p></td><td id=\"v1-page60-tbl_47.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06,686\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,256\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Social security liabilities on behalf of employees</p></td><td id=\"v1-page60-tbl_47.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,735\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,856\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Accruals</p></td><td id=\"v1-page60-tbl_47.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,791\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,826\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">VAT liabilities</p></td><td id=\"v1-page60-tbl_47.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,678\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,052\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Consideration for the purchase of Zoorate S.r.l.</p></td><td id=\"v1-page60-tbl_47.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0- \u00a0\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,052\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Advances from clients</p></td><td id=\"v1-page60-tbl_47.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013,220\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a015,600\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other liabilities</p></td><td id=\"v1-page60-tbl_47.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,554\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,516\u00a0</p></td></tr><tr id=\"v1-page60-tbl_47.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_47.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other current liabilities</p></td><td id=\"v1-page60-tbl_47.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a060,645\u00a0</p></td><td id=\"v1-page60-tbl_47.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_47.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a052,870\u00a0</p></td></tr></table><p id=\"v1-page60-p_1041\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page60-p_1042\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Liabilities to personnel are mainly liabilities for salaries accrued in December, paid at the beginning of 2023, for accrued holidays and for deferred expenses as of December 31, 2022 that are still to be paid and bonus liabilities for the financial year 2022 not yet paid as of December 31, 2022. The increase compared to the previous year is mainly due to the increase in the average number of employees.</p><p class=\"heading\" id=\"v1-page60-p_1043\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Accruals\" mainly includes deferred revenues linked to outsourcing activities performed by the Leasing &amp; Rental BPO/IT business line, and deferred revenues linked to the activities of subsidiary Zoorate S.r.l., The increase with respect to the previous year is mainly due both to the inclusion of Trebi Generalconsult S.r.l. in the consolidation area, and to higher deferred revenues within the Leasing &amp; Rental BPO/IT business line.</p><p class=\"heading\" id=\"v1-page60-p_1044\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Advances from clients\" mainly includes payables to customers of the Insurance BPO business line for advances received for claim settlements for Euro 9,015 thousand, payables to customers of the Loans BPO business line for Euro 2,482 thousand, payables of the subsidiary Centro Finanziamenti S.p.A. to its loan buyers for expected early repayments on the transferred loans for Euro 1,784 thousand, and payables to customers of the Leasing &amp; Rental BPO/IT business line, for advances received by subsidiary Agenzia Italia S.p.A. in relation to car stamp duties to be paid in the short term, amounting to Euro 870 thousand.\u00a0</p><p class=\"heading\" id=\"v1-page60-p_1045\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other payables\" mainly includes the unpaid portion of the consideration for the acquisition of the Lercari Group, SOS Tariffe S.r.l., Europa Centro Servizi S.r.l., Luna Service S.r.l., Onda S.r.l. and Trebi Generalconsult S.r.l., for a total amount equal to Euro 6,350 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4058556": {
   "value": "<p class=\"heading\" id=\"v1-page60-p_1043\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Accruals\" mainly includes deferred revenues linked to outsourcing activities performed by the Leasing &amp; Rental BPO/IT business line, and deferred revenues linked to the activities of subsidiary Zoorate S.r.l., The increase with respect to the previous year is mainly due both to the inclusion of Trebi Generalconsult S.r.l. in the consolidation area, and to higher deferred revenues within the Leasing &amp; Rental BPO/IT business line.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4058558": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1046\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Shareholders' equity</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1047\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1048\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_48\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 182,5pt;line-height: 0px;\"></td><td style=\"width: 139,7pt;line-height: 0px;\"></td><td style=\"width: 139,7pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_48.tr_0\" style=\"height: 36pt;\"><td id=\"v1-page60-tbl_48.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_48.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_48.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_48.tr_0.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_48.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_1.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Share capital</p></td><td id=\"v1-page60-tbl_48.tr_1.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">949</p></td><td id=\"v1-page60-tbl_48.tr_1.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">970</p></td></tr><tr id=\"v1-page60-tbl_48.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_2.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Legal reserve</p></td><td id=\"v1-page60-tbl_48.tr_2.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">202</p></td><td id=\"v1-page60-tbl_48.tr_2.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">202</p></td></tr><tr id=\"v1-page60-tbl_48.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_3.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves</p></td><td id=\"v1-page60-tbl_48.tr_3.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">21,736</p></td><td id=\"v1-page60-tbl_48.tr_3.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">47,425</p></td></tr><tr id=\"v1-page60-tbl_48.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_4.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Retaind earnings</p></td><td id=\"v1-page60-tbl_48.tr_4.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">247,438</p></td><td id=\"v1-page60-tbl_48.tr_4.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">215,802</p></td></tr><tr id=\"v1-page60-tbl_48.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_5.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total Group shareholders' equity</p></td><td id=\"v1-page60-tbl_48.tr_5.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">270,325</p></td><td id=\"v1-page60-tbl_48.tr_5.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">264,399</p></td></tr><tr id=\"v1-page60-tbl_48.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_6.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves of minority interest</p></td><td id=\"v1-page60-tbl_48.tr_6.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,345</p></td><td id=\"v1-page60-tbl_48.tr_6.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,179</p></td></tr><tr id=\"v1-page60-tbl_48.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_7.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Retained income of minority interest</p></td><td id=\"v1-page60-tbl_48.tr_7.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">654</p></td><td id=\"v1-page60-tbl_48.tr_7.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,492</p></td></tr><tr id=\"v1-page60-tbl_48.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_8.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total shareholders' equity</p></td><td id=\"v1-page60-tbl_48.tr_8.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">272,324</p></td><td id=\"v1-page60-tbl_48.tr_8.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">269,070</p></td></tr></table><p id=\"v1-page60-p_1049\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1050\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For the changes in shareholders' equity, refer to the relevant table.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1051\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On April 28, 2022 the shareholders' meeting resolved the distribution of a dividend of Euro\u00a00.40\u00a0per share, for a total amount of Euro 15,239 thousand. Such dividend has been paid out with ex-dividend date May 16, 2022 record date May 17, 2022 and payable date May 18, 2022.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1052\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Company, as of December 31, 2022, has a share capital of Euro 1,012,354.01, formed by 40,000,000 ordinary shares without nominal value, unchanged if compared to December 31, 2021.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1053\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2022, the Issuer holds 2,488,954 own shares, equal to 6.222% of ordinary share capital, for a total cost of Euro 37,801 thousand. Being the shares without nominal value, the purchase cost is deducted from the share capital for an amount implicitly corresponding to the nominal value, equal to Euro 63 thousand as of December 31, 2022, and from available reserves for an amount equal to the remaining part of the purchase cost.</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1054\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the impact of the purchase and sale of own shares by the companies of the Group on the consolidated share capital and net equity of the shareholders of the Issuer as of December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1055\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_49\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 180,1pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_49.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page60-tbl_49.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_49.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_49.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Share capital underwritten and paid</p></td><td id=\"v1-page60-tbl_49.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,012\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,012\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Own shares' nominal value</p></td><td id=\"v1-page60-tbl_49.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(63)\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(42)\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total share capital</p></td><td id=\"v1-page60-tbl_49.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0949\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0970\u00a0</p></td></tr></table><p id=\"v1-page60-p_1056\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_50\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 181,25pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_50.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page60-tbl_50.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_50.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_50.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves gross of own shares</p></td><td id=\"v1-page60-tbl_50.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0307,177\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0276,320\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Surplus on own shares</p></td><td id=\"v1-page60-tbl_50.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(37,801)\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(12,891)\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other reserves</p></td><td id=\"v1-page60-tbl_50.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0269,376\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0263,429\u00a0</p></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4058557": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1046\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Shareholders' equity</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1047\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the situation of the item as of December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1048\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_48\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 182,5pt;line-height: 0px;\"></td><td style=\"width: 139,7pt;line-height: 0px;\"></td><td style=\"width: 139,7pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_48.tr_0\" style=\"height: 36pt;\"><td id=\"v1-page60-tbl_48.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_48.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_48.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_48.tr_0.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_48.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_1.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Share capital</p></td><td id=\"v1-page60-tbl_48.tr_1.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">949</p></td><td id=\"v1-page60-tbl_48.tr_1.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">970</p></td></tr><tr id=\"v1-page60-tbl_48.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_2.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Legal reserve</p></td><td id=\"v1-page60-tbl_48.tr_2.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">202</p></td><td id=\"v1-page60-tbl_48.tr_2.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">202</p></td></tr><tr id=\"v1-page60-tbl_48.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_3.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves</p></td><td id=\"v1-page60-tbl_48.tr_3.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">21,736</p></td><td id=\"v1-page60-tbl_48.tr_3.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">47,425</p></td></tr><tr id=\"v1-page60-tbl_48.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_4.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Retaind earnings</p></td><td id=\"v1-page60-tbl_48.tr_4.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">247,438</p></td><td id=\"v1-page60-tbl_48.tr_4.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">215,802</p></td></tr><tr id=\"v1-page60-tbl_48.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_5.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total Group shareholders' equity</p></td><td id=\"v1-page60-tbl_48.tr_5.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">270,325</p></td><td id=\"v1-page60-tbl_48.tr_5.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">264,399</p></td></tr><tr id=\"v1-page60-tbl_48.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_6.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves of minority interest</p></td><td id=\"v1-page60-tbl_48.tr_6.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,345</p></td><td id=\"v1-page60-tbl_48.tr_6.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3,179</p></td></tr><tr id=\"v1-page60-tbl_48.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_7.tc_0\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Retained income of minority interest</p></td><td id=\"v1-page60-tbl_48.tr_7.tc_1\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">654</p></td><td id=\"v1-page60-tbl_48.tr_7.tc_2\" style=\"width: auto;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,492</p></td></tr><tr id=\"v1-page60-tbl_48.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_48.tr_8.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total shareholders' equity</p></td><td id=\"v1-page60-tbl_48.tr_8.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">272,324</p></td><td id=\"v1-page60-tbl_48.tr_8.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_48.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">269,070</p></td></tr></table><p id=\"v1-page60-p_1049\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1050\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For the changes in shareholders' equity, refer to the relevant table.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1051\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On April 28, 2022 the shareholders' meeting resolved the distribution of a dividend of Euro\u00a00.40\u00a0per share, for a total amount of Euro 15,239 thousand. Such dividend has been paid out with ex-dividend date May 16, 2022 record date May 17, 2022 and payable date May 18, 2022.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1052\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Company, as of December 31, 2022, has a share capital of Euro 1,012,354.01, formed by 40,000,000 ordinary shares without nominal value, unchanged if compared to December 31, 2021.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1053\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2022, the Issuer holds 2,488,954 own shares, equal to 6.222% of ordinary share capital, for a total cost of Euro 37,801 thousand. Being the shares without nominal value, the purchase cost is deducted from the share capital for an amount implicitly corresponding to the nominal value, equal to Euro 63 thousand as of December 31, 2022, and from available reserves for an amount equal to the remaining part of the purchase cost.</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1054\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the impact of the purchase and sale of own shares by the companies of the Group on the consolidated share capital and net equity of the shareholders of the Issuer as of December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1055\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_49\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 180,1pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_49.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page60-tbl_49.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_49.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_49.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Share capital underwritten and paid</p></td><td id=\"v1-page60-tbl_49.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,012\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,012\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Own shares' nominal value</p></td><td id=\"v1-page60-tbl_49.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(63)\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(42)\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total share capital</p></td><td id=\"v1-page60-tbl_49.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0949\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0970\u00a0</p></td></tr></table><p id=\"v1-page60-p_1056\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_50\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 181,25pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_50.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page60-tbl_50.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_50.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_50.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves gross of own shares</p></td><td id=\"v1-page60-tbl_50.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0307,177\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0276,320\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Surplus on own shares</p></td><td id=\"v1-page60-tbl_50.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(37,801)\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(12,891)\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other reserves</p></td><td id=\"v1-page60-tbl_50.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0269,376\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0263,429\u00a0</p></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4058559": {
   "value": "<p id=\"v1-page60-p_1051\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On April 28, 2022 the shareholders' meeting resolved the distribution of a dividend of Euro\u00a00.40\u00a0per share, for a total amount of Euro 15,239 thousand. Such dividend has been paid out with ex-dividend date May 16, 2022 record date May 17, 2022 and payable date May 18, 2022.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-p_1051-tag4058560": {
   "value": "0.4",
   "decimals": 0,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "v1-page60-body-tag4058561": {
   "value": "<p id=\"v1-page60-p_1052\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The Company, as of December 31, 2022, has a share capital of Euro 1,012,354.01, formed by 40,000,000 ordinary shares without nominal value, unchanged if compared to December 31, 2021.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4058562": {
   "value": "<p id=\"v1-page60-p_1053\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of December 31, 2022, the Issuer holds 2,488,954 own shares, equal to 6.222% of ordinary share capital, for a total cost of Euro 37,801 thousand. Being the shares without nominal value, the purchase cost is deducted from the share capital for an amount implicitly corresponding to the nominal value, equal to Euro 63 thousand as of December 31, 2022, and from available reserves for an amount equal to the remaining part of the purchase cost.</p><p class=\"heading\" id=\"v1-page60-p_1054\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the impact of the purchase and sale of own shares by the companies of the Group on the consolidated share capital and net equity of the shareholders of the Issuer as of December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1055\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_49\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 180,1pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_49.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page60-tbl_49.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_49.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_49.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Share capital underwritten and paid</p></td><td id=\"v1-page60-tbl_49.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,012\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,012\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Own shares' nominal value</p></td><td id=\"v1-page60-tbl_49.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(63)\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(42)\u00a0</p></td></tr><tr id=\"v1-page60-tbl_49.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_49.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total share capital</p></td><td id=\"v1-page60-tbl_49.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0949\u00a0</p></td><td id=\"v1-page60-tbl_49.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_49.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0970\u00a0</p></td></tr></table><p id=\"v1-page60-p_1056\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_50\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 181,25pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td><td style=\"width: 141,55pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_50.tr_0\" style=\"height: 37pt;\"><td id=\"v1-page60-tbl_50.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_50.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_50.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_1\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other reserves gross of own shares</p></td><td id=\"v1-page60-tbl_50.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0307,177\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0276,320\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Surplus on own shares</p></td><td id=\"v1-page60-tbl_50.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(37,801)\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(12,891)\u00a0</p></td></tr><tr id=\"v1-page60-tbl_50.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_50.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other reserves</p></td><td id=\"v1-page60-tbl_50.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0269,376\u00a0</p></td><td id=\"v1-page60-tbl_50.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_50.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0263,429\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1058\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Stock option plans</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1059\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table summarizes the variation of the stock options during the year:\u00a0</p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_51\" style=\"border-collapse: collapse;width: 6,925in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 233,8pt;line-height: 0px;\"></td><td style=\"width: 97,9pt;line-height: 0px;\"></td><td style=\"width: 101,65pt;line-height: 0px;\"></td><td style=\"width: 65,25pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_51.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_0.tc_0\" style=\"width: 233,8pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_0.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_0.tc_1\" style=\"width: 97,9pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_0.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_0.tc_3\" style=\"width: 65,25pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_3.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page60-tbl_51.tr_1\" style=\"height: 18pt;\"><td colspan=\"2\" id=\"v1-page60-tbl_51.tr_1.tc_0\" style=\"width: 331,7pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options as of January 1, 2022</p></td><td id=\"v1-page60-tbl_51.tr_1.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_1.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">822,507</p></td></tr><tr id=\"v1-page60-tbl_51.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_2.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options offered in 2022</p></td><td id=\"v1-page60-tbl_51.tr_2.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_2.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_2.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">277,000</p></td></tr><tr id=\"v1-page60-tbl_51.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_3.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Stock options cancelled due to resignations in 2022</p></td><td id=\"v1-page60-tbl_51.tr_3.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_3.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_3.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,500)</p></td></tr><tr id=\"v1-page60-tbl_51.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_4.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Stock options exercised in 2022</p></td><td id=\"v1-page60-tbl_51.tr_4.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_4.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_4.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(6,500)</p></td></tr><tr id=\"v1-page60-tbl_51.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_5.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options as of December 31, 2022</p></td><td id=\"v1-page60-tbl_51.tr_5.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_5.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_5.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,088,507</p></td></tr><tr id=\"v1-page60-tbl_51.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_6.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">(of which vested as of December 31, 2022</p></td><td id=\"v1-page60-tbl_51.tr_6.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_6.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_6.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">624,007</p></td></tr><tr id=\"v1-page60-tbl_51.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_7.tc_0\" style=\"width: 233,8pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_7.tc_1\" style=\"width: 97,9pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_7.tc_2\" style=\"width: 101,65pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_7.tc_3\" style=\"width: 65,25pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1060\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 6pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1061\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The outstanding stock options as of December 31, 2022 are as follows:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page60-p_1062\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_52\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 63,15pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 57,35pt;line-height: 0px;\"></td><td style=\"width: 50,15pt;line-height: 0px;\"></td><td style=\"width: 50,15pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_52.tr_0\" style=\"height: 32pt;\"><td id=\"v1-page60-tbl_52.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Date of shareholders' meeting resolution</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Date of assignment</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Vesting date</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_3\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiry date</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_4\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"># options</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_5\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Strike price</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_6\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Value of the option</p></td></tr><tr id=\"v1-page60-tbl_52.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_52.tr_1.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_1\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_2\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_3\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_3.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_4\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_4.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_5.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_6.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page60-tbl_52.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_2.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 27, 2017</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_1\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">March 12, 2018</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_2\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">March 12, 2021</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_3\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">March 11, 2024</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0464,007\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013.549\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02.61\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_3.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 27, 2017</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_1\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">July 5, 2019</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_2\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">July 8, 2022</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_3\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">July 7, 2025</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0160,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a015.887\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03.21\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_4.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 27, 2017</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">September 1, 2020</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">September 1, 2023</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">August 31, 2026</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a022.755\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.90\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 29, 2021</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 15, 2021</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 15, 2024</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 14, 2027</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0163,500\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044.379\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08.77\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 29, 2021</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">May 12, 2022</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">May 12, 2025</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">May 11, 2028</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a065,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030.316\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06.86\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 29, 2021</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 2, 2022</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 2, 2025</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 1, 2028</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0212,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a021.868\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09.24\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_52.tr_8.tc_0\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_1\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_2\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_3\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_4\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_5\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_6\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_9.tc_0\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_1\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_2\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_3\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_52.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">Total options</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_4\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_52.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a01,088,507\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_5\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_6\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1063\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1064\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The weighted average price of the shares for the year ended December 31, 2022 is equal to Euro 30.622.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1065\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Personnel costs for the year ended December 31, 2022 include Euro 797 thousand related to the Group's stock option plan. In the income statement for the year ended December 31, 2021 there are costs equal to Euro 479 thousand related to the stock option plan.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4058563": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1058\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Stock option plans</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1059\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table summarizes the variation of the stock options during the year:\u00a0</p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_51\" style=\"border-collapse: collapse;width: 6,925in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 233,8pt;line-height: 0px;\"></td><td style=\"width: 97,9pt;line-height: 0px;\"></td><td style=\"width: 101,65pt;line-height: 0px;\"></td><td style=\"width: 65,25pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_51.tr_0\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_0.tc_0\" style=\"width: 233,8pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_0.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_0.tc_1\" style=\"width: 97,9pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_0.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_0.tc_3\" style=\"width: 65,25pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_0.tc_3.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page60-tbl_51.tr_1\" style=\"height: 18pt;\"><td colspan=\"2\" id=\"v1-page60-tbl_51.tr_1.tc_0\" style=\"width: 331,7pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options as of January 1, 2022</p></td><td id=\"v1-page60-tbl_51.tr_1.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_1.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">822,507</p></td></tr><tr id=\"v1-page60-tbl_51.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_2.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options offered in 2022</p></td><td id=\"v1-page60-tbl_51.tr_2.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_2.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_2.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">277,000</p></td></tr><tr id=\"v1-page60-tbl_51.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_3.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Stock options cancelled due to resignations in 2022</p></td><td id=\"v1-page60-tbl_51.tr_3.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_3.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_3.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,500)</p></td></tr><tr id=\"v1-page60-tbl_51.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_4.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">Stock options exercised in 2022</p></td><td id=\"v1-page60-tbl_51.tr_4.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_4.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_4.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(6,500)</p></td></tr><tr id=\"v1-page60-tbl_51.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_5.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stock options as of December 31, 2022</p></td><td id=\"v1-page60-tbl_51.tr_5.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_5.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_5.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1,088,507</p></td></tr><tr id=\"v1-page60-tbl_51.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_6.tc_0\" style=\"width: 233,8pt;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">(of which vested as of December 31, 2022</p></td><td id=\"v1-page60-tbl_51.tr_6.tc_1\" style=\"width: 97,9pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_6.tc_2\" style=\"width: 101,65pt;\" valign=\"bottom\"><p id=\"v1-page60-tbl_51.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page60-tbl_51.tr_6.tc_3\" style=\"width: 65,25pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: right;\">624,007</p></td></tr><tr id=\"v1-page60-tbl_51.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_51.tr_7.tc_0\" style=\"width: 233,8pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_7.tc_1\" style=\"width: 97,9pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_7.tc_2\" style=\"width: 101,65pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_51.tr_7.tc_3\" style=\"width: 65,25pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_51.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1060\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 6pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1061\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The outstanding stock options as of December 31, 2022 are as follows:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page60-p_1062\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_52\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 63,15pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 82,75pt;line-height: 0px;\"></td><td style=\"width: 57,35pt;line-height: 0px;\"></td><td style=\"width: 50,15pt;line-height: 0px;\"></td><td style=\"width: 50,15pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_52.tr_0\" style=\"height: 32pt;\"><td id=\"v1-page60-tbl_52.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Date of shareholders' meeting resolution</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Date of assignment</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Vesting date</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_3\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Expiry date</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_4\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"># options</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_5\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Strike price</p></td><td id=\"v1-page60-tbl_52.tr_0.tc_6\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Value of the option</p></td></tr><tr id=\"v1-page60-tbl_52.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_52.tr_1.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_1\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_2\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_3\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_3.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_4\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_4.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_5.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page60-tbl_52.tr_1.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_1.tc_6.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page60-tbl_52.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_2.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 27, 2017</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_1\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">March 12, 2018</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_2\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">March 12, 2021</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_3\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">March 11, 2024</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0464,007\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a013.549\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_2.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02.61\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_3.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 27, 2017</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_1\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">July 5, 2019</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_2\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">July 8, 2022</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_3\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">July 7, 2025</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0160,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a015.887\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_3.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03.21\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_4.tc_0\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 27, 2017</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">September 1, 2020</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">September 1, 2023</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">August 31, 2026</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a022.755\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_4.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04.90\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 29, 2021</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 15, 2021</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 15, 2024</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 14, 2027</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0163,500\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a044.379\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_5.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a08.77\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 29, 2021</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">May 12, 2022</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">May 12, 2025</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">May 11, 2028</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a065,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030.316\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_6.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a06.86\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">April 29, 2021</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 2, 2022</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 2, 2025</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">November 1, 2028</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0212,000\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_5\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a021.868\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_7.tc_6\" style=\"width: auto;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09.24\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_8\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_52.tr_8.tc_0\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_1\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_2\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_3\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_4\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_5\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_8.tc_6\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_52.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_52.tr_9.tc_0\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_1\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_2\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_3\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_52.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">Total options</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_4\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_52.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0\u00a0\u00a0\u00a0\u00a01,088,507\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_5\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_52.tr_9.tc_6\" style=\"width: auto;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page60-tbl_52.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1063\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1064\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The weighted average price of the shares for the year ended December 31, 2022 is equal to Euro 30.622.</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1065\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Personnel costs for the year ended December 31, 2022 include Euro 797 thousand related to the Group's stock option plan. In the income statement for the year ended December 31, 2021 there are costs equal to Euro 479 thousand related to the stock option plan.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4060297": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1067\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Revenues\u00a0</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1068\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page60-p_1069\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_53\" style=\"border-collapse: collapse;width: 5,792in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 241pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_53.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_53.tr_0.tc_0\" style=\"width: 241pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_53.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page60-tbl_53.tr_0.tc_1\" style=\"width: 176pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page60-tbl_53.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page60-tbl_53.tr_1.tc_0\" style=\"width: 241pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_53.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_53.tr_1.tc_1\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2022</p></td><td id=\"v1-page60-tbl_53.tr_1.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2021</p></td></tr><tr id=\"v1-page60-tbl_53.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_2.tc_0\" style=\"width: 241pt;background: #FFFFFF;\"><p id=\"v1-page60-tbl_53.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_2.tc_1\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page60-tbl_53.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_2.tc_2\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page60-tbl_53.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_53.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_3.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division revenues</p></td><td id=\"v1-page60-tbl_53.tr_3.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">131,042</p></td><td id=\"v1-page60-tbl_53.tr_3.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">134,248</p></td></tr><tr id=\"v1-page60-tbl_53.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_4.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division revenues</p></td><td id=\"v1-page60-tbl_53.tr_4.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,728</p></td><td id=\"v1-page60-tbl_53.tr_4.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,216</p></td></tr><tr id=\"v1-page60-tbl_53.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_5.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_5.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_5.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_53.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_6.tc_0\" style=\"width: 241pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total revenues</p></td><td id=\"v1-page60-tbl_53.tr_6.tc_1\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">310,770</p></td><td id=\"v1-page60-tbl_53.tr_6.tc_2\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">313,464</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 11pt;\"><p id=\"v1-page60-p_1070\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1071\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For comments on the evolution of revenues, please refer to the management report.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1067\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Revenues\u00a0</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1068\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page60-p_1069\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_53\" style=\"border-collapse: collapse;width: 5,792in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 241pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_53.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_53.tr_0.tc_0\" style=\"width: 241pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_53.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page60-tbl_53.tr_0.tc_1\" style=\"width: 176pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page60-tbl_53.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page60-tbl_53.tr_1.tc_0\" style=\"width: 241pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_53.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_53.tr_1.tc_1\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2022</p></td><td id=\"v1-page60-tbl_53.tr_1.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31,<br/>2021</p></td></tr><tr id=\"v1-page60-tbl_53.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_2.tc_0\" style=\"width: 241pt;background: #FFFFFF;\"><p id=\"v1-page60-tbl_53.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_2.tc_1\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page60-tbl_53.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_2.tc_2\" style=\"width: 88pt;background: #FFFFFF;\"><p id=\"v1-page60-tbl_53.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_53.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_3.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Broking Division revenues</p></td><td id=\"v1-page60-tbl_53.tr_3.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">131,042</p></td><td id=\"v1-page60-tbl_53.tr_3.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">134,248</p></td></tr><tr id=\"v1-page60-tbl_53.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_4.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">BPO Division revenues</p></td><td id=\"v1-page60-tbl_53.tr_4.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,728</p></td><td id=\"v1-page60-tbl_53.tr_4.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">179,216</p></td></tr><tr id=\"v1-page60-tbl_53.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_5.tc_0\" style=\"width: 241pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_5.tc_1\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page60-tbl_53.tr_5.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_53.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_53.tr_6.tc_0\" style=\"width: 241pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total revenues</p></td><td id=\"v1-page60-tbl_53.tr_6.tc_1\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">310,770</p></td><td id=\"v1-page60-tbl_53.tr_6.tc_2\" style=\"width: 88pt;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_53.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">313,464</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Times\\000020New\\000020Roman';font-size: 11pt;\"><p id=\"v1-page60-p_1070\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1071\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For comments on the evolution of revenues, please refer to the management report.</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4060299": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1072\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other income</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1073\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page60-p_1074\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_54\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 125,6pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_54.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_54.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_54.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page60-tbl_54.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page60-tbl_54.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_54.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_54.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Reimbursement of costs</p></td><td id=\"v1-page60-tbl_54.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,836\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,598\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page60-tbl_54.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,625\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,373\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Grants</p></td><td id=\"v1-page60-tbl_54.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0187\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0111\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other income</p></td><td id=\"v1-page60-tbl_54.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,648\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,082\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1075\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1076\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Reimbursement of costs\" includes incomes from the re-invoicing of expenses incurred on behalf of customers. The increase for the period is mainly attributable to the contribution of the subsidiary Europa Centro Servizi S.r.l..</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4060298": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1072\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other income</p></li></ol><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1073\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p></li><li class=\"genericNumberedList listStyle-None\" style=\"list-style-type: none;\"><p id=\"v1-page60-p_1074\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p></li></ol><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_54\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 125,6pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td><td style=\"width: 141,5pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_54.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_54.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_54.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page60-tbl_54.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page60-tbl_54.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_54.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_54.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Reimbursement of costs</p></td><td id=\"v1-page60-tbl_54.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a07,836\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,598\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page60-tbl_54.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,625\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,373\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Grants</p></td><td id=\"v1-page60-tbl_54.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0187\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0111\u00a0</p></td></tr><tr id=\"v1-page60-tbl_54.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_54.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total other income</p></td><td id=\"v1-page60-tbl_54.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a09,648\u00a0</p></td><td id=\"v1-page60-tbl_54.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_54.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05,082\u00a0</p></td></tr></table><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1075\" style=\"color: #000000; font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p></li><li class=\"genericNumberedList listStyle-None\" style=\"font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1076\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Reimbursement of costs\" includes incomes from the re-invoicing of expenses incurred on behalf of customers. The increase for the period is mainly attributable to the contribution of the subsidiary Europa Centro Servizi S.r.l..</p></li></ol>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page60-body-tag4060304": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1077\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Services costs</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1078\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1079\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_55\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 202,25pt;line-height: 0px;\"></td><td style=\"width: 133,15pt;line-height: 0px;\"></td><td style=\"width: 133,15pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_55.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_55.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_55.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_55.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page60-tbl_55.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_55.tr_1\" style=\"height: 30pt;\"><td id=\"v1-page60-tbl_55.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_55.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_55.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_55.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_55.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_55.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Marketing expenses</p></td><td id=\"v1-page60-tbl_55.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(49,089)</p></td><td id=\"v1-page60-tbl_55.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(48,956)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Notarial and appraisal services</p></td><td id=\"v1-page60-tbl_55.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(32,888)</p></td><td id=\"v1-page60-tbl_55.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(40,547)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Technical, legal and administrative advice</p></td><td id=\"v1-page60-tbl_55.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(17,216)</p></td><td id=\"v1-page60-tbl_55.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(13,495)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Commission payout</p></td><td id=\"v1-page60-tbl_55.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(6,145)</p></td><td id=\"v1-page60-tbl_55.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,784)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Rental and lease expenses</p></td><td id=\"v1-page60-tbl_55.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,688)</p></td><td id=\"v1-page60-tbl_55.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,064)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Post and courier expenses</p></td><td id=\"v1-page60-tbl_55.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,365)</p></td><td id=\"v1-page60-tbl_55.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,363)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">IT Services</p></td><td id=\"v1-page60-tbl_55.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,030)</p></td><td id=\"v1-page60-tbl_55.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,264)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Utilities and cleaning costs</p></td><td id=\"v1-page60-tbl_55.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,890)</p></td><td id=\"v1-page60-tbl_55.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,399)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Telecommunications</p></td><td id=\"v1-page60-tbl_55.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,372)</p></td><td id=\"v1-page60-tbl_55.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,631)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Travel expenses</p></td><td id=\"v1-page60-tbl_55.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,270)</p></td><td id=\"v1-page60-tbl_55.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(586)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other general expenses</p></td><td id=\"v1-page60-tbl_55.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(8,060)</p></td><td id=\"v1-page60-tbl_55.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(9,546)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_13.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total services costs</p></td><td id=\"v1-page60-tbl_55.tr_13.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(128,013)</p></td><td id=\"v1-page60-tbl_55.tr_13.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(130,635)</p></td></tr></table><p class=\"heading\" id=\"v1-page61-p_1081\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Marketing expenses\" refer to activities aimed at increasing the awareness and reputation of the Group and of its brands and to acquire new perspective clients. In particular, these costs mainly include costs for online advertising for Euro 38,441 thousand, including the purchase of keywords and banners, and costs for offline advertising for Euro 8,465 thousand, including the purchase of advertising space on TV, radio and print media..</p><p class=\"heading\" id=\"v1-page61-p_1082\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Notary and appraisal services\" mainly refer to services purchased by the BPO Division and show a significant drop, due to lower business volumes whithn notary services, consistent with the revenue trend.</p><p class=\"heading\" id=\"v1-page61-p_1083\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Technical, legal and administrative advice\" costs refer to expenses incurred for professional advice for legal, financial and fiscal matters, for audit activities, for administrative and operating support, as well as for IT and technology consulting. The increase compared to the previous year is the result of the higher costs of the Group for strategic, financial, fiscal and compliance advice, mainly in relation to the acquisitions in the period. In particular, the item includes one-off costs for legal and financial advice for an amount equal to Euro 2,091 thousand.</p><p class=\"heading\" id=\"v1-page61-p_1084\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Commission payout\" is related in particular to the broking fees paid to the agents of the Money360 network, whose increase is partly due to the higher volumes realized by the subsidiary.</p><p class=\"heading\" id=\"v1-page61-p_1085\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Rental and lease expenses\" include mainly the fees paid by the companies of the Group for software use costs. The increase compared to the previous year is due to the higher software use costs.\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1086\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Postage and delivery charges\" refer mainly to expenses incurred for the shipping of documentation on behalf of the clients of the BPO Division.\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1087\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"IT Services\" refer to the various IT services provided, in order to support the operating activities of subsidiary Agenzia Italia S.p.A..\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1088\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Other general expenses\" include costs of various services, such as administrative and document scanning services used by subsidiary Agenzia Italia S.p.A., for Euro 3,391 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
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  "v1-page60-body-tag4060301": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page60-p_1077\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Services costs</p></li></ol><p class=\"heading\" id=\"v1-page60-p_1078\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page60-p_1079\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page60-tbl_55\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 202,25pt;line-height: 0px;\"></td><td style=\"width: 133,15pt;line-height: 0px;\"></td><td style=\"width: 133,15pt;line-height: 0px;\"></td></tr><tr id=\"v1-page60-tbl_55.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_55.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_55.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page60-tbl_55.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page60-tbl_55.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page60-tbl_55.tr_1\" style=\"height: 30pt;\"><td id=\"v1-page60-tbl_55.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page60-tbl_55.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page60-tbl_55.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page60-tbl_55.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page60-tbl_55.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page60-tbl_55.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Marketing expenses</p></td><td id=\"v1-page60-tbl_55.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(49,089)</p></td><td id=\"v1-page60-tbl_55.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(48,956)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Notarial and appraisal services</p></td><td id=\"v1-page60-tbl_55.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(32,888)</p></td><td id=\"v1-page60-tbl_55.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(40,547)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Technical, legal and administrative advice</p></td><td id=\"v1-page60-tbl_55.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(17,216)</p></td><td id=\"v1-page60-tbl_55.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(13,495)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Commission payout</p></td><td id=\"v1-page60-tbl_55.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(6,145)</p></td><td id=\"v1-page60-tbl_55.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,784)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Rental and lease expenses</p></td><td id=\"v1-page60-tbl_55.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,688)</p></td><td id=\"v1-page60-tbl_55.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(4,064)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Post and courier expenses</p></td><td id=\"v1-page60-tbl_55.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,365)</p></td><td id=\"v1-page60-tbl_55.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(3,363)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">IT Services</p></td><td id=\"v1-page60-tbl_55.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,030)</p></td><td id=\"v1-page60-tbl_55.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(2,264)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Utilities and cleaning costs</p></td><td id=\"v1-page60-tbl_55.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,890)</p></td><td id=\"v1-page60-tbl_55.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,399)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_10.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Telecommunications</p></td><td id=\"v1-page60-tbl_55.tr_10.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,372)</p></td><td id=\"v1-page60-tbl_55.tr_10.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,631)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_11.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Travel expenses</p></td><td id=\"v1-page60-tbl_55.tr_11.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(1,270)</p></td><td id=\"v1-page60-tbl_55.tr_11.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(586)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_12.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other general expenses</p></td><td id=\"v1-page60-tbl_55.tr_12.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(8,060)</p></td><td id=\"v1-page60-tbl_55.tr_12.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">(9,546)</p></td></tr><tr id=\"v1-page60-tbl_55.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page60-tbl_55.tr_13.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total services costs</p></td><td id=\"v1-page60-tbl_55.tr_13.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(128,013)</p></td><td id=\"v1-page60-tbl_55.tr_13.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page60-tbl_55.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">(130,635)</p></td></tr></table><p class=\"heading\" id=\"v1-page61-p_1081\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Marketing expenses\" refer to activities aimed at increasing the awareness and reputation of the Group and of its brands and to acquire new perspective clients. In particular, these costs mainly include costs for online advertising for Euro 38,441 thousand, including the purchase of keywords and banners, and costs for offline advertising for Euro 8,465 thousand, including the purchase of advertising space on TV, radio and print media..</p><p class=\"heading\" id=\"v1-page61-p_1082\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Notary and appraisal services\" mainly refer to services purchased by the BPO Division and show a significant drop, due to lower business volumes whithn notary services, consistent with the revenue trend.</p><p class=\"heading\" id=\"v1-page61-p_1083\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Technical, legal and administrative advice\" costs refer to expenses incurred for professional advice for legal, financial and fiscal matters, for audit activities, for administrative and operating support, as well as for IT and technology consulting. The increase compared to the previous year is the result of the higher costs of the Group for strategic, financial, fiscal and compliance advice, mainly in relation to the acquisitions in the period. In particular, the item includes one-off costs for legal and financial advice for an amount equal to Euro 2,091 thousand.</p><p class=\"heading\" id=\"v1-page61-p_1084\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Commission payout\" is related in particular to the broking fees paid to the agents of the Money360 network, whose increase is partly due to the higher volumes realized by the subsidiary.</p><p class=\"heading\" id=\"v1-page61-p_1085\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Rental and lease expenses\" include mainly the fees paid by the companies of the Group for software use costs. The increase compared to the previous year is due to the higher software use costs.\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1086\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"Postage and delivery charges\" refer mainly to expenses incurred for the shipping of documentation on behalf of the clients of the BPO Division.\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1087\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">\"IT Services\" refer to the various IT services provided, in order to support the operating activities of subsidiary Agenzia Italia S.p.A..\u00a0</p><p class=\"heading\" id=\"v1-page61-p_1088\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Other general expenses\" include costs of various services, such as administrative and document scanning services used by subsidiary Agenzia Italia S.p.A., for Euro 3,391 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page61-body-tag4060306": {
   "value": "<p class=\"heading\" id=\"v1-page61-p_1088\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The \"Other general expenses\" include costs of various services, such as administrative and document scanning services used by subsidiary Agenzia Italia S.p.A., for Euro 3,391 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "v1-page61-body-tag4060307": {
   "value": "<p class=\"heading\" id=\"v1-page61-p_1093\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The average headcount is as follows:</p><p id=\"v1-page61-p_1094\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page61-tbl_57\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 232,65pt;line-height: 0px;\"></td><td style=\"width: 106,1pt;line-height: 0px;\"></td><td style=\"width: 106,1pt;line-height: 0px;\"></td></tr><tr id=\"v1-page61-tbl_57.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_57.tr_0.tc_0\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page61-tbl_57.tr_0.tc_1\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page61-tbl_57.tr_1\" style=\"height: 28pt;\"><td id=\"v1-page61-tbl_57.tr_1.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_1.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2022</p></td><td id=\"v1-page61-tbl_57.tr_1.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2021</p></td></tr><tr id=\"v1-page61-tbl_57.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_2.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Managers</p></td><td id=\"v1-page61-tbl_57.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_3.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a031\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Supervisors</p></td><td id=\"v1-page61-tbl_57.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a089\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_4.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a074\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Employees</p></td><td id=\"v1-page61-tbl_57.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,333\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_5.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,224\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_6\" style=\"height: 19pt;\"><td id=\"v1-page61-tbl_57.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Professional collaborators and project workers</p></td><td id=\"v1-page61-tbl_57.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_6.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a032\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_7.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_8.tc_0\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Average headcount</p></td><td id=\"v1-page61-tbl_57.tr_8.tc_1\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,555\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_8.tc_2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,361\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_9\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_57.tr_9.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_9.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_9.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_10.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Italy</p></td><td id=\"v1-page61-tbl_57.tr_10.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,927\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_10.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,764\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_11.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Romania</p></td><td id=\"v1-page61-tbl_57.tr_11.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0531\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_11.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0459\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_12.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Albania</p></td><td id=\"v1-page61-tbl_57.tr_12.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a093\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_12.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0134\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_57.tr_13.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Headcount in Germany</p></td><td id=\"v1-page61-tbl_57.tr_13.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_13.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page61-tbl_57.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04\u00a0</p></td></tr><tr id=\"v1-page61-tbl_57.tr_14\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_57.tr_14.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_14.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_57.tr_14.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page61-tbl_57.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page61-body-tag4060308": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page61-p_1096\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Other operating costs</p></li></ol><p class=\"heading\" id=\"v1-page61-p_1097\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Other operating costs as of December 31, 2022 amount to Euro 11,681 thousand (Euro 10,293 thousand as of December 31, 2021) and mainly include non-deductible VAT costs relating to the financial years ended December 31, 2022 and 2021, respectively equal to Euro 7,511 thousand and Euro 6,971 thousand.</p><p class=\"heading\" id=\"v1-page61-p_1098\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item also includes expenses for the purchase of consumables and minor equipment for Euro 709 thousand (Euro 610 thousand in financial year ended December 31, 2021) and Euro 1,058 thousand relating to provisions (Euro 941 thousand in the financial year ended December 31, 2021).</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  "v1-page61-body-tag4060309": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page61-p_1099\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Depreciation and amortization</p></li></ol><p class=\"heading\" id=\"v1-page61-p_1100\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page61-p_1101\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page61-tbl_58\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 183,05pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page61-tbl_58.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_58.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page61-tbl_58.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_58.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page61-tbl_58.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_58.tr_1\" style=\"height: 31pt;\"><td id=\"v1-page61-tbl_58.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page61-tbl_58.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page61-tbl_58.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page61-tbl_58.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page61-tbl_58.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_58.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Amortization of intangible assets</p></td><td id=\"v1-page61-tbl_58.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(15,750)</p></td><td id=\"v1-page61-tbl_58.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(14,976)</p></td></tr><tr id=\"v1-page61-tbl_58.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_58.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Depreciation of property, plant and equipment</p></td><td id=\"v1-page61-tbl_58.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(6,276)</p></td><td id=\"v1-page61-tbl_58.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(5,811)</p></td></tr><tr id=\"v1-page61-tbl_58.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_58.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">of which IFRS 16 effect</p></td><td id=\"v1-page61-tbl_58.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,472)</p></td><td id=\"v1-page61-tbl_58.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,205)</p></td></tr><tr id=\"v1-page61-tbl_58.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_58.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total depreciation and amortization</p></td><td id=\"v1-page61-tbl_58.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(22,026)</p></td><td id=\"v1-page61-tbl_58.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_58.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(20,787)</p></td></tr></table><p class=\"heading\" id=\"v1-page61-p_1102\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Depreciation and amortization costs in the financial year ended December 31, 2022 includes the amortization costs related to the higher values of the software and trademark following the consolidation of the Lercari Group for Euro 5,320 thousand, the higher values of the software and trademark following the consolidation of SOS Tariffe for Euro 3,247 thousand, the higher value of the customer equity following the consolidation of Europa Centro Servizi S.r.l. for Euro 711 thousand, the higher value of the software following the consolidation of Onda S.r.l., for Euro 723 thousand, and the higher value of the software acquired following the consolidation of Zoorate S.r.l. for Euro 917 thousand.</p><p class=\"heading\" id=\"v1-page61-p_1103\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The increase of the amortization costs of intangible assets is mainly attributable to the higher values of the intangible assets recognized following the completion of the purchase price allocation related to the acquisitions of Europa Centro Servizi S.r.l., Onda S.r.l and Luna Service S.r.l., partially offset by the completion of the amortization of the higher values of the assets recognized following the consolidation of Agenzia Italia S.p.A. and Eagle &amp; Wise Service S.r.l..</p><p class=\"heading\" id=\"v1-page61-p_1104\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The increase of the amortization costs of property, plant and equipment, is due to the higher value of such item, partially attributable to the adoption of the IFRS 16 accounting standard.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page61-body-tag4060310": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page61-p_1105\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Net financial income</p></li></ol><p class=\"heading\" id=\"v1-page61-p_1106\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page61-p_1107\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page61-tbl_59\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 183,05pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page61-tbl_59.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page61-tbl_59.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page61-tbl_59.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page61-tbl_59.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page61-tbl_59.tr_1\" style=\"height: 34pt;\"><td id=\"v1-page61-tbl_59.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page61-tbl_59.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page61-tbl_59.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page61-tbl_59.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Financial income</p></td><td id=\"v1-page61-tbl_59.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0356\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0469\u00a0</p></td></tr><tr id=\"v1-page61-tbl_59.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income/(losses) from participations</p></td><td id=\"v1-page61-tbl_59.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a046\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(78)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income from acquisition of control</p></td><td id=\"v1-page61-tbl_59.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(4,079)</p></td><td id=\"v1-page61-tbl_59.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,752)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_5.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Other financial expenses</p></td><td id=\"v1-page61-tbl_59.tr_5.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(143)</p></td><td id=\"v1-page61-tbl_59.tr_5.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(104)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_6.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Dividends paid to third-party shareholders</p></td><td id=\"v1-page61-tbl_59.tr_6.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(465)</p></td><td id=\"v1-page61-tbl_59.tr_6.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(465)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_7.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Implicit interest cost on defined benefit program liability</p></td><td id=\"v1-page61-tbl_59.tr_7.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(182)</p></td><td id=\"v1-page61-tbl_59.tr_7.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(58)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_8.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income/(losses) from financial assets/liabilities</p></td><td id=\"v1-page61-tbl_59.tr_8.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,690\u00a0</p></td><td id=\"v1-page61-tbl_59.tr_8.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1,783)</p></td></tr><tr id=\"v1-page61-tbl_59.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page61-tbl_59.tr_9.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Net financial income/(loss)</p></td><td id=\"v1-page61-tbl_59.tr_9.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(777)</p></td><td id=\"v1-page61-tbl_59.tr_9.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page61-tbl_59.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(3,771)</p></td></tr></table><p class=\"heading\" id=\"v1-page62-p_1109\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial income mainly includes the interest income accrued in the period from the use of Group's available liquidity.\u00a0</p><p class=\"heading\" id=\"v1-page62-p_1110\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Gains from participations refers to the evaluation with the equity method of the participations in the associated companies CFN Generale Fiduciaria S.p.A. and GSA S.r.l..</p><p class=\"heading\" id=\"v1-page62-p_1111\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Interest expense - borrowings\" mainly includes Euro 3,916 thousand for the interest expenses on bank loans, increasing compared to the previous year, as a result of the higher outstanding loans and the higher interest rates on variable-rate loans.</p><p class=\"heading\" id=\"v1-page62-p_1112\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other financial expenses\" includes Euro 143 thousand related to the accounting of the right of use in relation to rental buildings, according to IFRS 16.</p><p class=\"heading\" id=\"v1-page62-p_1113\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Dividends paid to third-party shareholders refer to the dividend paid by Agenzia Italia S.p.A. to third-party shareholders for Euro 465 thousand.</p><p class=\"heading\" id=\"v1-page62-p_1114\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Income/(Losses) from financial assets/liabilities\" mainly includes the dividends received from Moneysupermarket.com Group PLC for Euro 3,450 thousand.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060398": {
   "value": "<p class=\"heading\" id=\"v1-page62-p_1109\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial income mainly includes the interest income accrued in the period from the use of Group's available liquidity.\u00a0</p><p class=\"heading\" id=\"v1-page62-p_1110\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Gains from participations refers to the evaluation with the equity method of the participations in the associated companies CFN Generale Fiduciaria S.p.A. and GSA S.r.l..</p><p class=\"heading\" id=\"v1-page62-p_1111\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Interest expense - borrowings\" mainly includes Euro 3,916 thousand for the interest expenses on bank loans, increasing compared to the previous year, as a result of the higher outstanding loans and the higher interest rates on variable-rate loans.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060400": {
   "value": "<p class=\"heading\" id=\"v1-page62-p_1109\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial income mainly includes the interest income accrued in the period from the use of Group's available liquidity.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060399": {
   "value": "<p class=\"heading\" id=\"v1-page62-p_1109\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Financial income mainly includes the interest income accrued in the period from the use of Group's available liquidity.\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060402": {
   "value": "<p class=\"heading\" id=\"v1-page62-p_1111\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Interest expense - borrowings\" mainly includes Euro 3,916 thousand for the interest expenses on bank loans, increasing compared to the previous year, as a result of the higher outstanding loans and the higher interest rates on variable-rate loans.</p><p class=\"heading\" id=\"v1-page62-p_1112\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other financial expenses\" includes Euro 143 thousand related to the accounting of the right of use in relation to rental buildings, according to IFRS 16.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060401": {
   "value": "<p class=\"heading\" id=\"v1-page62-p_1111\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Interest expense - borrowings\" mainly includes Euro 3,916 thousand for the interest expenses on bank loans, increasing compared to the previous year, as a result of the higher outstanding loans and the higher interest rates on variable-rate loans.</p><p class=\"heading\" id=\"v1-page62-p_1112\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Other financial expenses\" includes Euro 143 thousand related to the accounting of the right of use in relation to rental buildings, according to IFRS 16.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060403": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1115\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Income tax expense</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1116\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table presents the details of the item for the financial years ended December 31, 2022 and 2021:</p><p id=\"v1-page62-p_1117\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><span style=\"background-color: yellow;\"><br/></span></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page62-tbl_60\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 183,05pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td><td style=\"width: 142,75pt;line-height: 0px;\"></td></tr><tr id=\"v1-page62-tbl_60.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page62-tbl_60.tr_0.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page62-tbl_60.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page62-tbl_60.tr_0.tc_1\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td><td id=\"v1-page62-tbl_60.tr_0.tc_2\" style=\"width: auto;border-right: solid 1px black;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page62-tbl_60.tr_1\" style=\"height: 29pt;\"><td id=\"v1-page62-tbl_60.tr_1.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page62-tbl_60.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page62-tbl_60.tr_1.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page62-tbl_60.tr_1.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page62-tbl_60.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page62-tbl_60.tr_2.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Current income taxes</p></td><td id=\"v1-page62-tbl_60.tr_2.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,299)</p></td><td id=\"v1-page62-tbl_60.tr_2.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(11,241)</p></td></tr><tr id=\"v1-page62-tbl_60.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_60.tr_3.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Income/(losses) from deferred tax assets</p></td><td id=\"v1-page62-tbl_60.tr_3.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(6,937)</p></td><td id=\"v1-page62-tbl_60.tr_3.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(36,113)</p></td></tr><tr id=\"v1-page62-tbl_60.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_60.tr_4.tc_0\" style=\"width: auto;border-left: solid 1px black;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Income tax expense</p></td><td id=\"v1-page62-tbl_60.tr_4.tc_1\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(18,236)</p></td><td id=\"v1-page62-tbl_60.tr_4.tc_2\" style=\"width: auto;border-right: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_60.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(47,354)</p></td></tr></table><p id=\"v1-page62-p_1118\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0\u00a0</p><p class=\"heading\" id=\"v1-page62-p_1119\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The item \"Current income taxes\" item includes IRES taxes for Euro 8,756 thousand, and IRAP taxes for Euro 2,543 thousand.\u00a0</p><p id=\"v1-page62-p_1120\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page62-p_1120.r_0\" style=\"font-family: 'Garamond';\">The \"Income/(losses) from deferred tax assets\" item mainly includes the utilization of the period of the deferred tax assets related to the higher value of assets revaluated during 2020, for Euro 6,583</span><span id=\"v1-page62-p_1120.r_13\" style=\"font-size: 11pt;\">\u00a0</span><span id=\"v1-page62-p_1120.r_14\" style=\"font-family: 'Garamond';\">thousand. We point out that the item as of December 31, 2021 also included the write down of deferred tax assets on trademarks (amounting to Euro 28,801 thousand).</span></p><p class=\"heading\" id=\"v1-page62-p_1121\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The reconciliation between the theoretical tax rate and the effective tax rate for the years ended December 31, 2022 and 2021 is provided in the following table:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page62-tbl_61\" style=\"border-collapse: collapse;width: 6,667in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 279pt;line-height: 0px;\"></td><td style=\"width: 96pt;line-height: 0px;\"></td><td style=\"width: 105pt;line-height: 0px;\"></td></tr><tr id=\"v1-page62-tbl_61.tr_0\" style=\"height: 14pt;\"><td id=\"v1-page62-tbl_61.tr_0.tc_0\" style=\"width: 279pt;border-top: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page62-tbl_61.tr_0.tc_1\" style=\"width: 201pt;border-top: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Years ended</p></td></tr><tr id=\"v1-page62-tbl_61.tr_1\" style=\"height: 31pt;\"><td id=\"v1-page62-tbl_61.tr_1.tc_0\" style=\"width: 279pt;border-bottom: solid 1px black;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page62-tbl_61.tr_1.tc_1\" style=\"width: 96pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2022\u00a0</p></td><td id=\"v1-page62-tbl_61.tr_1.tc_2\" style=\"width: 105pt;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0As of December 31, 2021\u00a0</p></td></tr><tr id=\"v1-page62-tbl_61.tr_2\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_2.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_2.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_2.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_2.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_2.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_3.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Corporate income tax (IRES)</p></td><td id=\"v1-page62-tbl_61.tr_3.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_3.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_3.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_4.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Theoretical tax rate</p></td><td id=\"v1-page62-tbl_61.tr_4.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">24.0%</p></td><td id=\"v1-page62-tbl_61.tr_4.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">24.0%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_5.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences due to costs non-deductible for IRES</p></td><td id=\"v1-page62-tbl_61.tr_5.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.7%</p></td><td id=\"v1-page62-tbl_61.tr_5.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.6%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_6.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences of the tax rate on foreign company income</p></td><td id=\"v1-page62-tbl_61.tr_6.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">0.0%</p></td><td id=\"v1-page62-tbl_61.tr_6.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-0.1%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_7.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Impact of the tax benefits</p></td><td id=\"v1-page62-tbl_61.tr_7.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-13.3%</p></td><td id=\"v1-page62-tbl_61.tr_7.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-5.4%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_8.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Deferred tax assets DL 104/2020 art. 110</p></td><td id=\"v1-page62-tbl_61.tr_8.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">10.1%</p></td><td id=\"v1-page62-tbl_61.tr_8.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">39.4%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_9.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page62-tbl_61.tr_9.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">0.0%</p></td><td id=\"v1-page62-tbl_61.tr_9.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-0.3%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_10.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_10.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_10.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_10.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_10.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_11.tc_0\" style=\"width: 279pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Effective IRES tax rate</p></td><td id=\"v1-page62-tbl_61.tr_11.tc_1\" style=\"width: 96pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">24.5%</p></td><td id=\"v1-page62-tbl_61.tr_11.tc_2\" style=\"width: 105pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">61.2%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_12\" style=\"height: 14pt;\"><td id=\"v1-page62-tbl_61.tr_12.tc_0\" style=\"width: 279pt;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_12.tc_1\" style=\"width: 96pt;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_12.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_12.tc_2\" style=\"width: 105pt;\" valign=\"bottom\"><p id=\"v1-page62-tbl_61.tr_12.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_13.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Regional income tax (IRAP)</p></td><td id=\"v1-page62-tbl_61.tr_13.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_13.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_13.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_14.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Theoretical tax rate</p></td><td id=\"v1-page62-tbl_61.tr_14.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.9%</p></td><td id=\"v1-page62-tbl_61.tr_14.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">3.7%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_15.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Differences due to costs non-deductible for IRAP</p></td><td id=\"v1-page62-tbl_61.tr_15.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">2.7%</p></td><td id=\"v1-page62-tbl_61.tr_15.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">5.9%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_16.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Impact of the tax benefits</p></td><td id=\"v1-page62-tbl_61.tr_16.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-4.8%</p></td><td id=\"v1-page62-tbl_61.tr_16.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-4.6%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_17\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_17.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Deferred tax assets DL 104/2020 art. 110</p></td><td id=\"v1-page62-tbl_61.tr_17.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">1.6%</p></td><td id=\"v1-page62-tbl_61.tr_17.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">6.4%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_18\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_18.tc_0\" style=\"width: 279pt;\"><p id=\"v1-page62-tbl_61.tr_18.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Others</p></td><td id=\"v1-page62-tbl_61.tr_18.tc_1\" style=\"width: 96pt;\"><p id=\"v1-page62-tbl_61.tr_18.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-0.1%</p></td><td id=\"v1-page62-tbl_61.tr_18.tc_2\" style=\"width: 105pt;\"><p id=\"v1-page62-tbl_61.tr_18.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">0.0%</p></td></tr><tr id=\"v1-page62-tbl_61.tr_19\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_19.tc_0\" style=\"width: 279pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_19.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_19.tc_1\" style=\"width: 96pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_19.tc_1.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in;\"><br/></p></td><td id=\"v1-page62-tbl_61.tr_19.tc_2\" style=\"width: 105pt;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_19.tc_2.p_0\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 10pt; margin: 0in; text-align: right;\"><br/></p></td></tr><tr id=\"v1-page62-tbl_61.tr_20\" style=\"height: 18pt;\"><td id=\"v1-page62-tbl_61.tr_20.tc_0\" style=\"width: 279pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_20.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Effective IRAP tax rate</p></td><td id=\"v1-page62-tbl_61.tr_20.tc_1\" style=\"width: 96pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_20.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">3.3%</p></td><td id=\"v1-page62-tbl_61.tr_20.tc_2\" style=\"width: 105pt;border-top: solid 1px black;border-bottom: solid 1px black;\" valign=\"middle\"><p id=\"v1-page62-tbl_61.tr_20.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">11.4%</p></td></tr></table><p id=\"v1-page62-p_1122\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060406": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1123\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Potential liabilities</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1124\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition to what described in the previous notes, we do not recognize any further potential liability.</p><p class=\"heading\" id=\"v1-page62-p_1125\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With reference to the preliminary investigation proceedings started on May 11, 2021 by the Italian Antitrust Authority against the subsidiary CercAssicurazioni.it S.r.l., the other insurance comparators and the main direct insurance companies operating in Italy, aimed at ascertaining whether the companies that offer price comparison services and the insurance companies involved in the proceedings have entered into an agreement that restricts competition by exchanging sensitive information on the economic conditions of direct sales of third-party motor liability policies, we point out that on May 10, 2022 the Authority closed the proceedings without finding infringements and accepted the commitments presented by CercAssicurazioni.it S.r.l. and the other parties involved in the proceedings.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060405": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1123\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Potential liabilities</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1124\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition to what described in the previous notes, we do not recognize any further potential liability.</p><p class=\"heading\" id=\"v1-page62-p_1125\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With reference to the preliminary investigation proceedings started on May 11, 2021 by the Italian Antitrust Authority against the subsidiary CercAssicurazioni.it S.r.l., the other insurance comparators and the main direct insurance companies operating in Italy, aimed at ascertaining whether the companies that offer price comparison services and the insurance companies involved in the proceedings have entered into an agreement that restricts competition by exchanging sensitive information on the economic conditions of direct sales of third-party motor liability policies, we point out that on May 10, 2022 the Authority closed the proceedings without finding infringements and accepted the commitments presented by CercAssicurazioni.it S.r.l. and the other parties involved in the proceedings.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060404": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1123\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Potential liabilities</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1124\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition to what described in the previous notes, we do not recognize any further potential liability.</p><p class=\"heading\" id=\"v1-page62-p_1125\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">With reference to the preliminary investigation proceedings started on May 11, 2021 by the Italian Antitrust Authority against the subsidiary CercAssicurazioni.it S.r.l., the other insurance comparators and the main direct insurance companies operating in Italy, aimed at ascertaining whether the companies that offer price comparison services and the insurance companies involved in the proceedings have entered into an agreement that restricts competition by exchanging sensitive information on the economic conditions of direct sales of third-party motor liability policies, we point out that on May 10, 2022 the Authority closed the proceedings without finding infringements and accepted the commitments presented by CercAssicurazioni.it S.r.l. and the other parties involved in the proceedings.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060457": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1126\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Classes of financial assets and liabilities</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1127\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the balance sheet as of December 31, 2022 financial assets and liabilities are classified as follows:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page62-p_1128\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash and cash equivalents for Euro 269,647 thousand (Euro 165,857 thousand in 2021);</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page62-p_1129\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Loans and trade receivables for Euro 124,011 thousand (Euro 109,925 thousand in 2021).</p></li></ul><p class=\"heading\" id=\"v1-page63-p_1130\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the financial liabilities recorded in the balance sheet as of December 31, 2022 and 2021 are stated at amortized cost, except the earn outs, measured at fair value (category 3). The method for the assessment at fair value of these liabilities is based on the income approach. The incomes deriving from the measurement of these liabilities recorded in the income statement for the financial year ended December 31, 2022, is equal to Euro 236 thousand.</p><p id=\"v1-page63-p_1131\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page63-p_1131.r_0\" style=\"font-family: 'Garamond';\">Among financial assets as of December 31, 2022 are the shares of Moneysupermarket.com Group PLC (Euro 95,448 thousand), measured at fair value (category 1) through OCI, and the\u00a0</span><span id=\"v1-page63-p_1131.r_20\" style=\"font-size: 11pt;\">notes</span><span id=\"v1-page63-p_1131.r_21\" style=\"font-family: 'Garamond';\">\u00a0of the \"Igloo\" securitization (Euro 4,737 thousand) measured at fair value (category 2) through profit and loss, and insurance and investment products attributable to some companies of the Group (Euro 2,768 thousand) measured at fair value (category 2) through profit and loss.\u00a0</span></p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060408": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1126\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Classes of financial assets and liabilities</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1127\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the balance sheet as of December 31, 2022 financial assets and liabilities are classified as follows:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page62-p_1128\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash and cash equivalents for Euro 269,647 thousand (Euro 165,857 thousand in 2021);</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page62-p_1129\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Loans and trade receivables for Euro 124,011 thousand (Euro 109,925 thousand in 2021).</p></li></ul><p class=\"heading\" id=\"v1-page63-p_1130\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the financial liabilities recorded in the balance sheet as of December 31, 2022 and 2021 are stated at amortized cost, except the earn outs, measured at fair value (category 3). The method for the assessment at fair value of these liabilities is based on the income approach. The incomes deriving from the measurement of these liabilities recorded in the income statement for the financial year ended December 31, 2022, is equal to Euro 236 thousand.</p><p id=\"v1-page63-p_1131\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page63-p_1131.r_0\" style=\"font-family: 'Garamond';\">Among financial assets as of December 31, 2022 are the shares of Moneysupermarket.com Group PLC (Euro 95,448 thousand), measured at fair value (category 1) through OCI, and the\u00a0</span><span id=\"v1-page63-p_1131.r_20\" style=\"font-size: 11pt;\">notes</span><span id=\"v1-page63-p_1131.r_21\" style=\"font-family: 'Garamond';\">\u00a0of the \"Igloo\" securitization (Euro 4,737 thousand) measured at fair value (category 2) through profit and loss, and insurance and investment products attributable to some companies of the Group (Euro 2,768 thousand) measured at fair value (category 2) through profit and loss.\u00a0</span></p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page62-body-tag4060407": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page62-p_1126\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Classes of financial assets and liabilities</p></li></ol><p class=\"heading\" id=\"v1-page62-p_1127\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In the balance sheet as of December 31, 2022 financial assets and liabilities are classified as follows:</p><ul style=\"margin: 0pt; padding: 0pt;\"><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page62-p_1128\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Cash and cash equivalents for Euro 269,647 thousand (Euro 165,857 thousand in 2021);</p></li><li class=\"genericNumberedList listStyle-Bullet\" style=\"font-family: 'Garamond';font-size: 12pt;margin-left: 0,5in;\"><p id=\"v1-page62-p_1129\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: normal; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Loans and trade receivables for Euro 124,011 thousand (Euro 109,925 thousand in 2021).</p></li></ul><p class=\"heading\" id=\"v1-page63-p_1130\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the financial liabilities recorded in the balance sheet as of December 31, 2022 and 2021 are stated at amortized cost, except the earn outs, measured at fair value (category 3). The method for the assessment at fair value of these liabilities is based on the income approach. The incomes deriving from the measurement of these liabilities recorded in the income statement for the financial year ended December 31, 2022, is equal to Euro 236 thousand.</p><p id=\"v1-page63-p_1131\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page63-p_1131.r_0\" style=\"font-family: 'Garamond';\">Among financial assets as of December 31, 2022 are the shares of Moneysupermarket.com Group PLC (Euro 95,448 thousand), measured at fair value (category 1) through OCI, and the\u00a0</span><span id=\"v1-page63-p_1131.r_20\" style=\"font-size: 11pt;\">notes</span><span id=\"v1-page63-p_1131.r_21\" style=\"font-family: 'Garamond';\">\u00a0of the \"Igloo\" securitization (Euro 4,737 thousand) measured at fair value (category 2) through profit and loss, and insurance and investment products attributable to some companies of the Group (Euro 2,768 thousand) measured at fair value (category 2) through profit and loss.\u00a0</span></p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page63-body-tag4060459": {
   "value": "<p class=\"heading\" id=\"v1-page63-p_1130\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">All the financial liabilities recorded in the balance sheet as of December 31, 2022 and 2021 are stated at amortized cost, except the earn outs, measured at fair value (category 3). The method for the assessment at fair value of these liabilities is based on the income approach. The incomes deriving from the measurement of these liabilities recorded in the income statement for the financial year ended December 31, 2022, is equal to Euro 236 thousand.</p><p id=\"v1-page63-p_1131\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\"><span id=\"v1-page63-p_1131.r_0\" style=\"font-family: 'Garamond';\">Among financial assets as of December 31, 2022 are the shares of Moneysupermarket.com Group PLC (Euro 95,448 thousand), measured at fair value (category 1) through OCI, and the\u00a0</span><span id=\"v1-page63-p_1131.r_20\" style=\"font-size: 11pt;\">notes</span><span id=\"v1-page63-p_1131.r_21\" style=\"font-family: 'Garamond';\">\u00a0of the \"Igloo\" securitization (Euro 4,737 thousand) measured at fair value (category 2) through profit and loss, and insurance and investment products attributable to some companies of the Group (Euro 2,768 thousand) measured at fair value (category 2) through profit and loss.\u00a0</span></p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page63-body-tag4060460": {
   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page63-p_1132\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Related parties</p></li></ol><p class=\"heading\" id=\"v1-page63-p_1133\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Related party transactions, including intra-group transactions, are part of the ordinary business operations of the Group, and do not include any unusual or atypical transactions.</p><p class=\"heading\" id=\"v1-page63-p_1134\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Compensation paid to the members of the governing and controlling bodies, general managers and managers with strategic responsibilities\u00a0</p><p class=\"heading\" id=\"v1-page63-p_1135\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 12pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table shows the compensation paid to the members of the governing and controlling bodies, general managers and managers with strategic responsibilities in the year ended December 31, 2022:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page63-tbl_62\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 85,85pt;line-height: 0px;\"></td><td style=\"width: 123,4pt;line-height: 0px;\"></td><td style=\"width: 33,85pt;line-height: 0px;\"></td><td style=\"width: 41,5pt;line-height: 0px;\"></td><td style=\"width: 25,4pt;line-height: 0px;\"></td><td style=\"width: 54,85pt;line-height: 0px;\"></td><td style=\"width: 38,05pt;line-height: 0px;\"></td><td style=\"width: 40,75pt;line-height: 0px;\"></td><td style=\"width: 25,4pt;line-height: 0px;\"></td></tr><tr id=\"v1-page63-tbl_62.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page63-tbl_62.tr_0.tc_0\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Name</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_1\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Office</p></td><td colspan=\"2\" id=\"v1-page63-tbl_62.tr_0.tc_2\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Holding period of the office</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_4\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Term of the office</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_5\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Compensation for the office</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_6\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Non-<br/>monetary benefits</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_7\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Bonus and other incentives</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_8\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Other</p></td></tr><tr id=\"v1-page63-tbl_62.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page63-tbl_62.tr_1.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">From</p></td><td id=\"v1-page63-tbl_62.tr_1.tc_3\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">To</p></td></tr><tr id=\"v1-page63-tbl_62.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page63-tbl_62.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_5\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_6\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_7\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_8\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page63-tbl_62.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Marco Pescarmona</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Chairman</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">400</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">240</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">201</p></td></tr><tr id=\"v1-page63-tbl_62.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Alessandro Fracassi</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CEO</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">400</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">14</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">240</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">198</p></td></tr><tr id=\"v1-page63-tbl_62.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Anna Maria Artoni</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">38</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Giulia Bianchi Frangipane</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">37</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Fausto Boni</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_8.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Chiara Burberi</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">40</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_9.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Matteo De Brabant</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">35</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_10.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Klaus Gummerer</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">31</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_11.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Valeria Lattuada</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">37</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_12.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Marco Zampetti</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">92</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_13.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stefano Gnocchi</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Chairman of the board of st. aud.</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_14.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Paolo Burlando</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Statutory auditor</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2023 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">47</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_15.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Francesca Masotti</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Statutory auditor</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2023 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">39</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_16.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Alessio Santarelli</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Manager with strategic responsibilities</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">N/A</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">16</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">200</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">361</p></td></tr><tr id=\"v1-page63-tbl_62.tr_17\" style=\"height: 14pt;\"><td id=\"v1-page63-tbl_62.tr_17.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_3\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_4\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_5\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_6\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_7\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_8\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page64-p_1137\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">The column \"other\" includes the compensation for office in subsidiaries, wages received as employees, and the provisions for benefits upon termination.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page63-body-tag4060461": {
   "value": "<p class=\"heading\" id=\"v1-page63-p_1134\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Compensation paid to the members of the governing and controlling bodies, general managers and managers with strategic responsibilities\u00a0</p><p class=\"heading\" id=\"v1-page63-p_1135\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 12pt; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table shows the compensation paid to the members of the governing and controlling bodies, general managers and managers with strategic responsibilities in the year ended December 31, 2022:</p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page63-tbl_62\" style=\"border-collapse: collapse;\"><tr style=\"visibility: collapse;\"><td style=\"width: 85,85pt;line-height: 0px;\"></td><td style=\"width: 123,4pt;line-height: 0px;\"></td><td style=\"width: 33,85pt;line-height: 0px;\"></td><td style=\"width: 41,5pt;line-height: 0px;\"></td><td style=\"width: 25,4pt;line-height: 0px;\"></td><td style=\"width: 54,85pt;line-height: 0px;\"></td><td style=\"width: 38,05pt;line-height: 0px;\"></td><td style=\"width: 40,75pt;line-height: 0px;\"></td><td style=\"width: 25,4pt;line-height: 0px;\"></td></tr><tr id=\"v1-page63-tbl_62.tr_0\" style=\"height: 28pt;\"><td id=\"v1-page63-tbl_62.tr_0.tc_0\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Name</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_1\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Office</p></td><td colspan=\"2\" id=\"v1-page63-tbl_62.tr_0.tc_2\" style=\"width: auto;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Holding period of the office</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_4\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Term of the office</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_5\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Compensation for the office</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_6\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Non-<br/>monetary benefits</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_7\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Bonus and other incentives</p></td><td id=\"v1-page63-tbl_62.tr_0.tc_8\" rowspan=\"2\" style=\"width: auto;border-top: solid 1px black;border-bottom: solid 1px #000000;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_0.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Other</p></td></tr><tr id=\"v1-page63-tbl_62.tr_1\" style=\"height: 14pt;\"><td id=\"v1-page63-tbl_62.tr_1.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_1.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">From</p></td><td id=\"v1-page63-tbl_62.tr_1.tc_3\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_1.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">To</p></td></tr><tr id=\"v1-page63-tbl_62.tr_2\" style=\"height: 14pt;\"><td id=\"v1-page63-tbl_62.tr_2.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_5\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_6\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_7\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_2.tc_8\" style=\"width: auto;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page63-tbl_62.tr_2.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr><tr id=\"v1-page63-tbl_62.tr_3\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_3.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Marco Pescarmona</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Chairman</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_3.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">400</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">240</p></td><td id=\"v1-page63-tbl_62.tr_3.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_3.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">201</p></td></tr><tr id=\"v1-page63-tbl_62.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_4.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Alessandro Fracassi</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">CEO</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_4.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">400</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">14</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">240</p></td><td id=\"v1-page63-tbl_62.tr_4.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_4.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">198</p></td></tr><tr id=\"v1-page63-tbl_62.tr_5\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_5.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Anna Maria Artoni</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_5.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">38</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_5.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_5.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_6\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_6.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Giulia Bianchi Frangipane</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_6.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">37</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_6.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_6.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_7.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Fausto Boni</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_7.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_7.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_7.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_8\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_8.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Chiara Burberi</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_8.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">40</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_8.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_8.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_9\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_9.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Matteo De Brabant</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_9.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">35</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_9.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_9.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_10\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_10.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Klaus Gummerer</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_10.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">31</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_10.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_10.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_11\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_11.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Valeria Lattuada</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_11.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">37</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_11.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_11.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_12\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_12.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Marco Zampetti</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Director</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_12.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">92</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_12.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_12.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_13\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_13.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Stefano Gnocchi</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Chairman of the board of st. aud.</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_13.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2022 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">30</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_13.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_13.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_14\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_14.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Paolo Burlando</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Statutory auditor</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_14.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2023 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">47</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_14.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_14.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_15\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_15.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Francesca Masotti</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_1\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Statutory auditor</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_15.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Appr. of 2023 fin. stat.</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">39</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_15.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_15.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page63-tbl_62.tr_16\" style=\"height: 18pt;\"><td id=\"v1-page63-tbl_62.tr_16.tc_0\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Alessio Santarelli</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_1\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Manager with strategic responsibilities</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_2\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">1/1/2022</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_3\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">12/31/2022</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_4\" style=\"width: auto;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page63-tbl_62.tr_16.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: center;\">N/A</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_5\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_6\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">16</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_7\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">200</p></td><td id=\"v1-page63-tbl_62.tr_16.tc_8\" style=\"width: auto;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_16.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">361</p></td></tr><tr id=\"v1-page63-tbl_62.tr_17\" style=\"height: 14pt;\"><td id=\"v1-page63-tbl_62.tr_17.tc_0\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_1\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_2\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_3\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_3.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_4\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_4.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_5\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_5.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_6\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_6.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_7\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_7.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td><td id=\"v1-page63-tbl_62.tr_17.tc_8\" style=\"width: auto;border-bottom: solid 1px black;background: #FFFFFF;\"><p id=\"v1-page63-tbl_62.tr_17.tc_8.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">\u00a0</p></td></tr></table><p id=\"v1-page64-p_1137\" style=\"font-family: 'Garamond'; font-size: 12pt; margin: 0in; text-align: justify;\">The column \"other\" includes the compensation for office in subsidiaries, wages received as employees, and the provisions for benefits upon termination.</p>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page64-body-tag4060462": {
   "value": "<p class=\"heading\" id=\"v1-page64-p_1138\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Fees paid to the independent auditors</p><p class=\"heading\" id=\"v1-page64-p_1139\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">The following table provides the fees paid to the independent auditors by the Issuer and its subsidiaries during the year ended December 31, 2022, separating the fees paid for audit services from the fees paid for other attestation services:</p><p id=\"v1-page64-p_1140\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\"><br/></p><table cellpadding=\"0\" class=\"rendered_table transparentTable\" id=\"v1-page64-tbl_63\" style=\"border-collapse: collapse;width: 6,014in;\"><tr style=\"visibility: collapse;\"><td style=\"width: 243pt;line-height: 0px;\"></td><td style=\"width: 102pt;line-height: 0px;\"></td><td style=\"width: 88pt;line-height: 0px;\"></td></tr><tr id=\"v1-page64-tbl_63.tr_0\" style=\"height: 16pt;\"><td id=\"v1-page64-tbl_63.tr_0.tc_0\" style=\"width: 243pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_0.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page64-tbl_63.tr_0.tc_1\" style=\"width: 190pt;border-top: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_0.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Year ended</p></td></tr><tr id=\"v1-page64-tbl_63.tr_1\" style=\"height: 16pt;\"><td id=\"v1-page64-tbl_63.tr_1.tc_0\" style=\"width: 243pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_1.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td colspan=\"2\" id=\"v1-page64-tbl_63.tr_1.tc_1\" style=\"width: 190pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_1.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">December 31, 2022</p></td></tr><tr id=\"v1-page64-tbl_63.tr_2\" style=\"height: 28pt;\"><td id=\"v1-page64-tbl_63.tr_2.tc_0\" style=\"width: 243pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_2.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 10pt; font-style: italic; margin: 0in;\">(euro thousand)</p></td><td id=\"v1-page64-tbl_63.tr_2.tc_1\" style=\"width: 102pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_2.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Gruppo MutuiOnline S.p.A.</p></td><td id=\"v1-page64-tbl_63.tr_2.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_2.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">Subsidiaries</p></td></tr><tr id=\"v1-page64-tbl_63.tr_3\" style=\"height: 16pt;\"><td id=\"v1-page64-tbl_63.tr_3.tc_0\" style=\"width: 243pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_3.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_3.tc_1\" style=\"width: 102pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_3.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_3.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_3.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page64-tbl_63.tr_4\" style=\"height: 18pt;\"><td id=\"v1-page64-tbl_63.tr_4.tc_0\" style=\"width: 243pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_4.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Audit</p></td><td id=\"v1-page64-tbl_63.tr_4.tc_1\" style=\"width: 102pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_4.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">107</p></td><td id=\"v1-page64-tbl_63.tr_4.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_4.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">414</p></td></tr><tr id=\"v1-page64-tbl_63.tr_5\" style=\"height: 30pt;\"><td id=\"v1-page64-tbl_63.tr_5.tc_0\" style=\"width: 243pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_5.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in;\">Audit of non financial disclosure pursuant to Lesislative Decree 254/2016</p></td><td id=\"v1-page64-tbl_63.tr_5.tc_1\" style=\"width: 102pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_5.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">32</p></td><td id=\"v1-page64-tbl_63.tr_5.tc_2\" style=\"width: 88pt;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_5.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; margin: 0in; text-align: right;\">-</p></td></tr><tr id=\"v1-page64-tbl_63.tr_6\" style=\"height: 16pt;\"><td id=\"v1-page64-tbl_63.tr_6.tc_0\" style=\"width: 243pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"bottom\"><p id=\"v1-page64-tbl_63.tr_6.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-style: italic; margin: 0in;\">\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_6.tc_1\" style=\"width: 102pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_6.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_6.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_6.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: center;\">\u00a0</p></td></tr><tr id=\"v1-page64-tbl_63.tr_7\" style=\"height: 18pt;\"><td id=\"v1-page64-tbl_63.tr_7.tc_0\" style=\"width: 243pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_7.tc_0.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in;\">Total fees paid to the independent auditor\u00a0</p></td><td id=\"v1-page64-tbl_63.tr_7.tc_1\" style=\"width: 102pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_7.tc_1.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">139</p></td><td id=\"v1-page64-tbl_63.tr_7.tc_2\" style=\"width: 88pt;border-bottom: solid 1px black;background: #FFFFFF;\" valign=\"middle\"><p id=\"v1-page64-tbl_63.tr_7.tc_2.p_0\" style=\"font-family: 'Arial'; font-size: 11pt; font-weight: bold; margin: 0in; text-align: right;\">414</p></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "v1-page64-body-tag4060463": {
   "value": "<p id=\"v1-page64-p_1141\" style=\"font-family: 'Times\\000020New\\000020Roman'; font-size: 11pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; min-height: 13pt; text-align: justify;\">\u00a0</p><ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page64-p_1142\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Disclosure on public grants pursuant to article 1, comma 125, of Law 124/2017</p></li></ol><p class=\"heading\" id=\"v1-page64-p_1143\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In relation to the provisions of Article 1,\u00a0<span id=\"v1-page64-p_1143.r_3\" style=\"font-style: italic;\">comma</span>\u00a0125, of Law 124/2017, subsequently reworded by Article 35 of Law Decree 34/2019, regarding the obligation to provide evidence in the notes of the financial statements of any public disbursements received during the financial year by way of grants, subsidies, advantages, contributions or aids, in cash or in kind, not of a general nature (therefore excluding tax benefits and contributions that may be granted to subjects which meet certain conditions), but attributable to bilateral relations with the subjects referred to in paragraph 125 of that article, the Group has not received public funds during 2022. For a complete disclosure, please refer to the National Register of State Aid.</p>",
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    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page64-p_1144\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Subsequent events\u00a0</p></li></ol><p class=\"heading\" id=\"v1-page64-p_1145\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Purchase of own shares</p><p class=\"heading\" id=\"v1-page64-p_1146\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Pursuant to the share buyback program within the limits and with the purposes of the authorization granted by the shareholders' meeting of April 28, 2022, after December 31, 2022, the Group purchased 65,477 own shares, equal to 0.164% of the share capital.</p><p class=\"heading\" id=\"v1-page64-p_1147\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">In addition, after December 31, 2022, following the exercise of stock options by employees of the Group, the Issuer sold a total of 100 own shares in portfolio.</p><p id=\"v1-page64-p_1148\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">As of the date of approval of this consolidated financial report the Issuer owns in total 2,554,331 own shares, equal to 6.386% of share capital, for a total cost equal to Euro 39,653 thousand.</p><p class=\"heading\" id=\"v1-page64-p_1149\" style=\"font-family: 'Garamond'; font-size: 12pt; font-style: italic; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify; text-decoration: underline;\">Closing of Rastreator and LeLynx acquisition</p><p id=\"v1-page64-p_1150\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">On February 1, 2023, following the fulfilment of the suspensive conditions and the exercise by the sellers of the put option relating to LeLynx SAS, the closing of the acquisition of 100% of the share capital of Rastreator.com Ltd, Preminen Price Comparison Holdings Ltd and LeLynx SAS, pre-announced on August 29, 2022, was completed.</p>",
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    "entity": "scheme:8156004E40D6A02C5046",
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   "value": "<ol style=\"margin: 0pt; padding: 0pt;\"><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"collapsedListItem\"></li><li class=\"genericNumberedList listStyle-Decimal\" style=\"font-weight: bold;font-family: 'Garamond';font-size: 12pt;\"><p id=\"v1-page64-p_1151\" style=\"color: #000000; font-family: 'Garamond'; font-size: 12pt; font-style: normal; font-variant: normal; font-weight: bold; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt;\">Earnings per share</p></li></ol><p class=\"heading\" id=\"v1-page64-p_1152\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Earnings per share for the year ended December 31, 2021, equal to Euro 0.43, are calculated by dividing the net income attributable to the shareholders of the Issuer for the year (Euro 16,347 thousand) by the weighted average number of shares outstanding during the financial year ended December 31, 2021 (38,128,936 shares).</p><p class=\"heading\" id=\"v1-page64-p_1153\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">Earnings per share for the year ended December 31, 2022, equal to Euro 1.24, are calculated by dividing the net income attributable to the shareholders of the Issuer for the year (Euro 46,875 thousand) by the weighted average number of shares outstanding during the financial year ended December 31, 2022 (37,831,135 shares).</p><p class=\"heading\" id=\"v1-page64-p_1154\" style=\"font-family: 'Garamond'; font-size: 12pt; margin-bottom: 0in; margin-left: 0in; margin-right: 0in; margin-top: 12pt; text-align: justify;\">For the financial year ended December 31, 2022 diluted earnings per share are equal to Euro 1.22 as the average number of equity instruments (stock options) that meet the requirements provided by IAS 33 to generate dilutive effects on the earnings per share is equal to 645,323.</p>",
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    "entity": "scheme:8156004E40D6A02C5046",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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 }
}