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    "ifrs-full:ComponentsOfEquityAxis": "heraspa:PortionOfRetainedEarningsRelatingToRelevantPeriodOrPeriodLeadingUpToRelevantDateMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-423": {
   "value": "3680100000.0",
   "decimals": 1,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-424": {
   "value": "306800000.0",
   "decimals": 1,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-425": {
   "value": "3986900000.0",
   "decimals": 1,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-527": {
   "value": "<div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">293<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h41 y12e ff2 fs9 fc3 sc0 ls0 ws0\">2.02 - NOTE ESPLICATIVE </div><div class=\"t m0 x23 h3 y515 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1b75 ff8 fsa fc2 sc0 lsb ws0\">2.02.01 <span class=\"ls0\">- Introd<span class=\"_ _3\"></span>uzione </span></div><div class=\"t m0 x23 h3 y1b76 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1bbc ff1 fs1 fc1 sc0 ls0 ws0\">Hera Spa \u00e8 una <span class=\"_ _5\"></span>societ\u00e0 per azioni (Spa) <span class=\"_ _5\"></span>costituita in Italia, quotata presso la Borsa <span class=\"_ _5\"></span>di Milano <span class=\"lse\">e <span class=\"_ _5\"></span></span>domiciliata a Bologna </div><div class=\"t m0 x23 h3 y1508 ff1 fs1 fc1 sc0 ls0 ws0\">in <span class=\"_ _7\"></span>Viale <span class=\"_ _6\"></span>Ber<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>Pi<span class=\"_ _3\"></span>chat <span class=\"_ _7\"></span>2/4<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _7\"></span></span>Hera <span class=\"_ _7\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>sue <span class=\"_ _7\"></span>controllate <span class=\"_ _6\"></span>(il <span class=\"_ _5\"></span>Gruppo<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Hera) <span class=\"_ _6\"></span>op<span class=\"_ _3\"></span>erano <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>n <span class=\"_ _7\"></span>Italia <span class=\"_ _7\"></span>ne<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>settori </div><div class=\"t m0 x23 h3 ydf5 ff1 fs1 fc1 sc0 ls0 ws0\">ambientale <span class=\"_ _2\"> </span>(gestione <span class=\"_ _2\"> </span>e <span class=\"_ _2\"> </span>trattamento <span class=\"_ _8\"> </span>de<span class=\"_ _5\"></span>i <span class=\"_ _8\"> </span>r<span class=\"_ _5\"></span>ifiuti), <span class=\"_ _2\"> </span>idrico <span class=\"_ _2\"> </span>(acquedotto,<span class=\"_ _3\"></span> <span class=\"_ _2\"> </span>fognature <span class=\"_ _2\"> </span>e <span class=\"_ _2\"> </span>depurazione) <span class=\"_ _2\"> </span>ed <span class=\"_ _2\"> </span>energetico </div><div class=\"t m0 x23 h3 y1bbd ff1 fs1 fc1 sc0 ls0 ws0\">(distribuzione e vendita <span class=\"_ _5\"></span>di energia <span class=\"_ _5\"></span>elettrica, gas e <span class=\"_ _5\"></span>servizi energia), <span class=\"_ _5\"></span>offrendo inoltre servi<span class=\"_ _7\"></span>zi <span class=\"_ _5\"></span>per l'illuminazione pubblica </div><div class=\"t m0 x23 h3 y1bbe ff1 fs1 fc1 sc0 ls0 ws0\">e le telecomunicazioni. </div><div class=\"t m0 x23 h3 y1b53 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yfb6 ff1 fs1 fc1 sc0 ls0 ws0\">Il bi<span class=\"_ _5\"></span>lancio consolidato al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>predisposto in applicazione del<span class=\"_ _5\"></span> Regolamento (CE) <span class=\"_ _5\"></span>1606/2002 del </div><div class=\"t m0 x23 h3 y1bbf ff1 fs1 fc1 sc0 ls0 ws0\">19 <span class=\"_ _d\"> </span>luglio <span class=\"_ _d\"> </span>2002, <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>conformit\u00e0 <span class=\"_ _e\"></span>ai <span class=\"_ _d\"> </span>principi <span class=\"_ _d\"> </span>contabili <span class=\"_ _f\"> </span>intern<span class=\"_ _3\"></span>azionali <span class=\"_ _f\"> </span>Ifrs <span class=\"_ _f\"> </span><span class=\"ff5\">emessi <span class=\"_ _e\"> </span>dall<span class=\"_ _5\"></span>\u2019Internatio<span class=\"_ _3\"></span>nal <span class=\"_ _f\"> </span><span class=\"ff1\">accounting <span class=\"_ _d\"> </span>standard </span></span></div><div class=\"t m0 x23 h3 y1bc0 ff1 fs1 fc1 sc0 ls0 ws0\">board<span class=\"ff16\"> <span class=\"_ _7\"></span></span>(Iasb) <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>omologati <span class=\"_ _7\"></span>dalla <span class=\"_ _5\"></span>Commissione <span class=\"_ _6\"></span>europea<span class=\"ls16\">, <span class=\"_ _5\"></span></span><span class=\"ff5\">nonch\u00e9 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rovvedime<span class=\"_ _3\"></span>nti <span class=\"_ _7\"></span>emanati <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>attuazione <span class=\"_ _7\"></span>dell\u2019art. <span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>del </span></div><div class=\"t m0 x23 h3 ycc3 ff1 fs1 fc1 sc0 ls0 ws0\">D.Lgs. 38/2005. <span class=\"_ _5\"></span>Per <span class=\"_ _5\"></span>Ifrs <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>inten<span class=\"_ _3\"></span>dono <span class=\"_ _5\"></span>anche gli <span class=\"_ _5\"></span>International accounting <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tandards <span class=\"_ _5\"></span>(Ias) tuttora <span class=\"_ _5\"></span>in vigore<span class=\"ls16\">, <span class=\"_ _5\"></span></span>i <span class=\"_ _5\"></span>documenti </div><div class=\"t m0 x23 h3 y1bc1 ff5 fs1 fc1 sc0 ls0 ws0\">interpretativi e<span class=\"_ _5\"></span>messi dall\u2019International <span class=\"_ _7\"></span><span class=\"ff1\">financial <span class=\"_ _5\"></span>reporting <span class=\"_ _5\"></span>standards Interpretation <span class=\"_ _5\"></span>commitee <span class=\"_ _5\"></span>(Ifrs <span class=\"_ _5\"></span>Ic) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>precedente </span></div><div class=\"t m0 x23 h3 y14eb ff1 fs1 fc1 sc0 ls0 ws0\">Standing interpretati<span class=\"_ _3\"></span>on commitee (Sic). </div><div class=\"t m0 x23 h3 y1bc2 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1475 ff5 fs1 fc1 sc0 ls0 ws0\">Gli  amministratori  hanno  valutato  l\u2019applicabilit\u00e0  del  presupposto  della  continuit\u00e0  aziendale  nella  reda<span class=\"_ _6\"></span><span class=\"ff1\">zione  del </span></div><div class=\"t m0 x23 h3 y1bc3 ff1 fs1 fc1 sc0 ls0 ws0\">bilancio <span class=\"_ _6\"></span>consolidato<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>concludendo <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>tale <span class=\"_ _e\"></span>presupposto <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>adeguato <span class=\"_ _e\"> </span><span class=\"ff5\">in <span class=\"_ _e\"> </span>quanto <span class=\"_ _6\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>st<span class=\"_ _5\"></span>ata <span class=\"_ _6\"> </span>verificata <span class=\"_ _e\"> </span>l\u2019insussistenza <span class=\"_ _6\"></span>di </span></div><div class=\"t m0 x23 h3 y1bc4 ff1 fs1 fc1 sc0 ls0 ws0\">indicatori <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>carattere <span class=\"_ _7\"></span>finanziario, <span class=\"_ _7\"></span>gestionale<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>altro <span class=\"_ _7\"></span>genere <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>otessero <span class=\"_ _5\"></span>segnalare <span class=\"_ _7\"></span>criticit\u00e0 <span class=\"_ _7\"></span>circa <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>capacit\u00e0 <span class=\"_ _7\"></span>del </div><div class=\"t m0 x23 h3 y1716 ff1 fs1 fc1 sc0 ls0 ws0\">Gruppo di far fronte <span class=\"_ _3\"></span>alle proprie obbligazio<span class=\"_ _3\"></span>ni nel prevedibile fut<span class=\"_ _3\"></span>uro e in particolare nei pr<span class=\"_ _3\"></span>ossimi 12 mesi.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y1bc5 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1bc6 ff1 fs1 fc1 sc0 ls0 ws0\">Sono <span class=\"_ _d\"> </span>state <span class=\"_ _d\"> </span>predisposte <span class=\"_ _f\"> </span>le <span class=\"_ _d\"> </span>informazioni <span class=\"_ _d\"> </span>obbligatorie <span class=\"_ _e\"> </span>ritenute <span class=\"_ _f\"> </span>sufficienti <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fornire <span class=\"_ _d\"> </span>una <span class=\"_ _f\"> </span>rappres<span class=\"_ _3\"></span>entazione <span class=\"_ _d\"> </span>veritiera <span class=\"_ _d\"> </span>e </div><div class=\"t m0 x23 h3 y26 ff1 fs1 fc1 sc0 ls0 ws0\">corretta della situazione patrimoniale-finanziaria del Gruppo, nonch\u00e9 del risultato economico. Le informazioni relativ<span class=\"_ _3\"></span>e </div><div class=\"t m0 x23 h43 y41b ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019attivit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _e\"> </span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>atti <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>ilievo <span class=\"_ _6\"></span>avvenuti <span class=\"_ _6\"></span>dopo <span class=\"_ _6\"> </span>la <span class=\"_ _6\"> </span>chiusura <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>ell\u2019esercizio <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>illustrati <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"> </span>sulla </div><div class=\"t m0 x23 h3 y6f6 ff5 fs1 fc1 sc0 ls0 ws0\">gestione al paragr<span class=\"_ _3\"></span>afo 1.03 \u201cPrincipali fatti <span class=\"_ _3\"></span>di rilievo\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y14a8 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y154f ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>principio <span class=\"_ _5\"></span>generale <span class=\"_ _5\"></span>adottato <span class=\"_ _5\"></span>nella <span class=\"_ _7\"></span>predisposizio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>resente b<span class=\"_ _5\"></span>ilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>quello <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>costo, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>eccezione </div><div class=\"t m0 x23 h3 y1844 ff1 fs1 fc1 sc0 ls0 ws0\">delle attivit\u00e0 <span class=\"_ _5\"></span>e p<span class=\"_ _5\"></span>assivit\u00e0 finanziarie (inclusi <span class=\"_ _5\"></span>gli strumenti<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>finanziari der<span class=\"_ _5\"></span>ivati) per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>quali \u00e8 <span class=\"_ _5\"></span>richiesta la<span class=\"_ _5\"></span> valutazione <span class=\"_ _5\"></span>a fair </div><div class=\"t m0 x23 h43 y1bc7 ff5 fs1 fc1 sc0 ls0 ws0\">value. <span class=\"_ _6\"></span>La <span class=\"_ _6\"> </span>preparazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>richiesto <span class=\"_ _6\"> </span>l\u2019uso <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>stime <span class=\"_ _6\"></span>da <span class=\"_ _6\"> </span>parte <span class=\"_ _e\"> </span>del <span class=\"_ _6\"></span>management; <span class=\"_ _6\"></span>le <span class=\"_ _6\"> </span>principali </div><div class=\"t m0 x23 h3 y1bc8 ff1 fs1 fc1 sc0 ls0 ws0\">aree <span class=\"_ _6\"></span>caratterizza<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>valutazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>assunzioni <span class=\"_ _7\"></span>di <span class=\"_ _e\"> </span>particolare <span class=\"_ _6\"></span>significativit\u00e0, <span class=\"_ _7\"></span>unitamente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quelle <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>rilevanti<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y183f ff1 fs1 fc1 sc0 ls0 ws0\">sulle <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ituazioni <span class=\"_ _7\"></span>rendicontate<span class=\"ff5\">, <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>riportate <span class=\"_ _6\"></span>nel<span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>sezio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>\u201cStime <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>valut<span class=\"_ _3\"></span>azioni <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ignificative<span class=\"_ _3\"></span>\u201d <span class=\"_ _e\"> </span><span class=\"ff1\">al <span class=\"_ _6\"></span>termine <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>resent<span class=\"_ _3\"></span>e </span></span></div><div class=\"t m0 x23 h3 y1bc9 ff1 fs1 fc1 sc0 ls0 ws0\">paragrafo. </div><div class=\"t m0 x23 h3 y11e7 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1bca ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _d\"> </span>bilancio <span class=\"_ _e\"> </span>consolidato <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _5\"></span>4 <span class=\"_ _d\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>stato <span class=\"_ _d\"> </span>predisposto <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Consiglio <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>Amministrazione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>dallo <span class=\"_ _e\"> </span>stesso </div><div class=\"t m0 x23 h3 y17f3 ff1 fs1 fc1 sc0 ls0 ws0\">approvato <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>seduta <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>26 <span class=\"_ _6\"></span>marzo <span class=\"_ _6\"></span>2025. <span class=\"_ _6\"></span>Lo <span class=\"_ _6\"></span>stesso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>assoggettato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>revisione <span class=\"_ _6\"></span>contabile <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>soc<span class=\"_ _5\"></span>iet\u00e0 </div><div class=\"t m0 x23 h3 y1bcb ff1 fs1 fc1 sc0 ls0 ws0\">KPMG Spa. </div><div class=\"t m0 x23 h3 y634 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y10ab ff3 fs1 fc1 sc0 ls0 ws0\">Contenuto e forma del bil<span class=\"_ _3\"></span>ancio </div><div class=\"t m0 x23 h3 y6a6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yf64 ff1 fs1 fc1 sc0 ls0 ws0\">Il presente bilancio c<span class=\"_ _3\"></span>onsolidato \u00e8 costituito<span class=\"_ _3\"></span> da:<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a y1bcc ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">schemi primari di <span class=\"_ _3\"></span>bilancio: </span></span></div><div class=\"t m0 x82 h6c y1bcd ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1 lsf\">il <span class=\"_ _6\"></span><span class=\"ls0\">prospetto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _e\"> </span>contiene <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>voci <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>nalizzate <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>natura. <span class=\"_ _6\"></span>Si <span class=\"_ _e\"></span>ritiene <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>tale <span class=\"_ _6\"></span>esposizione, </span></span></span></div><div class=\"t m0 xdc h3 y3be ff1 fs1 fc1 sc0 ls0 ws0\">seguita <span class=\"_ _6\"></span>anche <span class=\"_ _e\"></span>dai <span class=\"_ _6\"></span>principali <span class=\"_ _e\"></span>operatori <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>settore <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>linea <span class=\"_ _6\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>prassi <span class=\"_ _e\"></span>internazionale, <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>quella <span class=\"_ _e\"></span>che </div><div class=\"t m0 xdc h3 y3bf ff1 fs1 fc1 sc0 ls0 ws0\">meglio rappresenta i risult<span class=\"_ _3\"></span>ati aziendali; </div><div class=\"t m0 x82 h6c y1bce ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">il <span class=\"_ _8\"> </span>conto <span class=\"_ _10\"> </span>economico <span class=\"_ _8\"> </span>complessivo, <span class=\"_ _10\"> </span>presentato <span class=\"_ _8\"> </span>in <span class=\"_ _8\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>documento <span class=\"_ _10\"> </span>separato, <span class=\"_ _8\"> </span>distingue <span class=\"_ _8\"> </span>f<span class=\"_ _3\"></span>ra <span class=\"_ _8\"> </span>componenti </span></span></div><div class=\"t m0 xdc h3 y3c1 ff1 fs1 fc1 sc0 ls0 ws0\">riclassificabili e no<span class=\"_ _3\"></span>n riclassificabili a conto economico; </div><div class=\"t m0 x82 h6c y3c2 ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">lo <span class=\"_ _7\"></span>schema <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>situazione <span class=\"_ _5\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _5\"></span>espone <span class=\"_ _5\"></span>distintamente <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>correnti <span class=\"_ _5\"></span>e </span></span></div><div class=\"t m0 xdc h3 y1734 ff1 fs1 fc1 sc0 ls0 ws0\">passivit\u00e0 correnti e<span class=\"_ _5\"></span> non <span class=\"_ _5\"></span>correnti, con <span class=\"_ _5\"></span>la descrizione n<span class=\"_ _5\"></span>elle note d<span class=\"_ _5\"></span>i commento per <span class=\"_ _5\"></span>ciascuna voce <span class=\"_ _5\"></span>di a<span class=\"_ _5\"></span>ttivit\u00e0 e </div><div class=\"t m0 xdc h3 y1bcf ff1 fs1 fc1 sc0 ls0 ws0\">passivit\u00e0 <span class=\"_ _e\"></span>degli <span class=\"_ _d\"> </span>importi <span class=\"_ _e\"></span>che <span class=\"_ _e\"> </span>ci <span class=\"_ _d\"> </span>si <span class=\"_ _e\"> </span>aspetta <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>recuperare <span class=\"_ _e\"> </span>o <span class=\"_ _d\"> </span>regolare <span class=\"_ _e\"> </span>entro <span class=\"_ _d\"> </span>o <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>i <span class=\"_ _e\"> </span>12 <span class=\"_ _d\"> </span>mesi <span class=\"_ _e\"> </span>dal<span class=\"_ _5\"></span>la <span class=\"_ _e\"></span>data <span class=\"_ _e\"> </span>di </div><div class=\"t m0 xdc h3 y3c5 ff1 fs1 fc1 sc0 ls0 ws0\">riferimento del bilanc<span class=\"_ _3\"></span>io consolidato; </div><div class=\"t m0 x82 h6c y1bd0 ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">il <span class=\"_ _6\"></span>rendico<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>finanziario <span class=\"_ _7\"></span>consolidato <span class=\"_ _6\"></span>presenta<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>flu<span class=\"_ _3\"></span>ssi <span class=\"_ _6\"></span>finanziari <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>o<span class=\"_ _5\"></span>perativa, <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>investimento <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>di </span></span></div><div class=\"t m0 xdc h43 yd1a ff5 fs1 fc1 sc0 ls0 ws0\">finanziamento. <span class=\"_ _7\"></span>I <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>dell\u2019at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _6\"></span>operativ<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>rappresentati <span class=\"_ _6\"></span>attravers<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _6\"></span>indiretto,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>me<span class=\"_ _3\"></span>zzo </div><div class=\"t m0 xdc h43 y3c8 ff5 fs1 fc1 sc0 ls0 ws0\">del <span class=\"_ _f\"> </span>quale <span class=\"_ _d\"> </span>il <span class=\"_ _f\"> </span>risultato <span class=\"_ _d\"> </span>d\u2019esercizio <span class=\"_ _d\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rettificato <span class=\"_ _f\"> </span>dagli <span class=\"_ _d\"> </span>effetti <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>operazioni <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>natura <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>monetaria<span class=\"_ _3\"></span>, <span class=\"_ _f\"> </span>da </div><div class=\"t m0 xdc h3 y65a ff1 fs1 fc1 sc0 ls0 ws0\">qualsiasi  differimento  o<span class=\"_ _5\"></span>  accantonamento  di <span class=\"_ _4\"> </span>precedenti <span class=\"_ _4\"> </span>o <span class=\"_ _4\"> </span>futuri <span class=\"_ _4\"> </span>incassi <span class=\"_ _4\"> </span>o <span class=\"_ _4\"> </span>pagamenti <span class=\"_ _4\"> </span>operativi,  e <span class=\"_ _4\"> </span>da </div><div class=\"t m0 xdc h3 y14e6 ff5 fs1 fc1 sc0 ls0 ws0\">elementi di ricavi co<span class=\"_ _3\"></span>nnessi con i flussi finanzi<span class=\"_ _3\"></span>ari derivanti dall\u2019atti<span class=\"_ _3\"></span>vit\u00e0 di investimento <span class=\"_ _3\"></span>o di finanziamento;<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x82 h6c y3cb ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">il  prospetto  delle  variazioni  di  pat<span class=\"_ _5\"></span>rimonio  netto  espone,  oltre  alle  componenti  del  conto  economico </span></span></div><div class=\"t m0 xdc h3 y1bd1 ff1 fs1 fc1 sc0 ls0 ws0\">complessivo, anche le <span class=\"_ _3\"></span>operazioni avvenut<span class=\"_ _3\"></span>e con i<span class=\"_ _5\"></span> soci; </div><div class=\"t m0 x23 h5a y143c ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">note esplicative. </span></span></div><div class=\"t m0 x23 h3 ye5b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yff3 ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _7\"></span>schemi <span class=\"_ _5\"></span>primari <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>allineati <span class=\"_ _7\"></span>a <span class=\"_ _5\"></span>quelli <span class=\"_ _7\"></span>utilizzati <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>bilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _5\"></span>3, <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>eccezione <span class=\"_ _5\"></span>delle </div><div class=\"t m0 x23 h3 y134f ff1 fs1 fc1 sc0 ls0 ws0\">seguenti modifiche c<span class=\"_ _3\"></span>he il management ha <span class=\"_ _3\"></span>adottato per garantire una migliore rappresentazione e comparabilit\u00e0.<span class=\"_ _75\"> </span> </div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">294</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Per quanto concerne il prospet<span class=\"_ _3\"></span>to di conto eco<span class=\"_ _3\"></span>nomico <span class=\"_ _5\"></span>si \u00e8 proce<span class=\"_ _3\"></span>duto a: </div><div class=\"t m0 x6d h6c y173 ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">separare <span class=\"_ _e\"> </span>la <span class=\"_ _d\"> </span>\u201c<span class=\"ff1\">Quota <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>utili <span class=\"_ _e\"> </span>(perdite) <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>joint <span class=\"_ _e\"> </span>venture <span class=\"_ _d\"> </span>e <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ollegate<span class=\"_ _5\"></span></span>\u201d <span class=\"_ _e\"> </span>dalle <span class=\"_ _e\"> </span>componenti <span class=\"_ _d\"> </span>tipiche <span class=\"_ _e\"> </span>della </span></span></div><div class=\"t m0 x6e h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">Gestione <span class=\"_ _e\"></span>finanziaria, <span class=\"_ _6\"></span>nella <span class=\"_ _e\"> </span>quale <span class=\"_ _e\"></span>era <span class=\"_ _e\"></span>ricompresa <span class=\"_ _6\"></span>fino <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _6\"></span>2023. <span class=\"_ _e\"> </span>Di <span class=\"_ _e\"></span>conseguenza<span class=\"_ _7\"></span> <span class=\"_ _e\"></span>sono <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>tati </div><div class=\"t m0 x6e h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">esposti <span class=\"_ _5\"></span><span class=\"ff5\">i <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>valori <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>rigo <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>bilancio <span class=\"_ _5\"></span>appositamente <span class=\"_ _5\"></span>posizionato <span class=\"_ _5\"></span>tra <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>Gestione <span class=\"_ _7\"></span>finanziaria <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>l\u2019Utile </span></div><div class=\"t m0 x6e h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">prima delle imposte; </div><div class=\"t m0 x6d h6c y177 ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">esporre <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>icavi <span class=\"_ _5\"></span>derivanti <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>commesse <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>lungo <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>relativamente <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>costruzione <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>in </span></span></div><div class=\"t m0 x6e h3 y178 ff5 fs1 fc1 sc0 ls0 ws0\">concessione dal rigo<span class=\"_ _3\"></span> ridenominato \u201cAltri <span class=\"ff1\">ricavi operativi</span>\u201d al rigo \u201cR<span class=\"_ _3\"></span>icavi\u201d;<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">Per quanto concerne l<span class=\"_ _3\"></span>o schema della situazione patrim<span class=\"_ _3\"></span>oniale-f<span class=\"_ _5\"></span>inanziari<span class=\"_ _3\"></span>a si \u00e8 proceduto a: </div><div class=\"t m0 x6d h6c y17a ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">disaggregare <span class=\"_ _4\"> </span><span class=\"ff5\">il  rigo <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>bi<span class=\"_ _5\"></span>lancio  relativo  alle <span class=\"_ _4\"> </span>\u201c<span class=\"_ _5\"></span>Parte<span class=\"_ _3\"></span>cipazioni\u201d <span class=\"_ _10\"> </span><span class=\"ff1\">tramite  due <span class=\"_ _4\"> </span>nuovi <span class=\"_ _4\"> </span>righi, <span class=\"_ _4\"> </span>rispettivamente </span></span></span></span></div><div class=\"t m0 x6e h3 y17b ff5 fs1 fc1 sc0 ls0 ws0\">\u201c<span class=\"ff1\">Partecipazioni valut<span class=\"_ _3\"></span>ate con il metodo del patrimonio netto<span class=\"ff5\">\u201d e \u201cAltre par<span class=\"_ _3\"></span>tecipazioni\u201d;<span class=\"ff1\"> </span></span></span></div><div class=\"t m0 x6d h6c y17c ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">introdurre <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>igo <span class=\"_ _e\"> </span>\u201c<span class=\"_ _5\"></span><span class=\"ff1\">Attivit\u00e0 <span class=\"_ _d\"> </span>correnti <span class=\"_ _f\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>con <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>clienti<span class=\"_ _5\"></span></span>\u201d<span class=\"ff1\">, <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>accoglie<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>lavori <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>corso <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>u </span></span></span></div><div class=\"t m0 x6e h3 y17d ff5 fs1 fc1 sc0 ls0 ws0\">ordinazione, precedent<span class=\"_ _3\"></span>emente classificati tra<span class=\"_ _3\"></span> le \u201cRimanenze\u201d;<span class=\"ff1\"> </span></div><div class=\"t m0 x6d h6c y17e ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">introdurre <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>rigo <span class=\"_ _6\"></span>\u201cPassivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>corren<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>derivanti <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>contr<span class=\"_ _3\"></span>atti <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>clienti\u201d, <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>accog<span class=\"_ _3\"></span>lie <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>acconti <span class=\"_ _7\"></span>su <span class=\"_ _6\"></span>beni <span class=\"_ _7\"></span>e </span></span></div><div class=\"t m0 x6e h43 y17f ff5 fs1 fc1 sc0 ls0 ws0\">servizi, <span class=\"_ _6\"></span>precedentemente <span class=\"_ _6\"></span>classific<span class=\"_ _3\"></span>ati <span class=\"_ _6\"></span>tra <span class=\"_ _6\"> </span>i <span class=\"_ _e\"> </span>\u201cDebiti <span class=\"_ _6\"></span>commerciali\u201d, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>risconti <span class=\"_ _6\"></span>passivi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>effettuati <span class=\"_ _6\"></span>nei </div><div class=\"t m0 x6e h3 y180 ff1 fs1 fc1 sc0 ls0 ws0\">confronti <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>clienti <span class=\"_ _22\"> </span>e <span class=\"_ _c\"> </span>gli <span class=\"_ _c\"> </span>acconti <span class=\"_ _c\"> </span>per <span class=\"_ _22\"> </span>lavori <span class=\"_ _c\"> </span>su <span class=\"_ _c\"> </span>co<span class=\"_ _5\"></span>mmessa <span class=\"_ _1d\"> </span>in <span class=\"_ _c\"> </span>c<span class=\"_ _5\"></span>orso <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>realizzazione, <span class=\"_ _c\"> </span>entrambi </div><div class=\"t m0 x6e h3 y181 ff5 fs1 fc1 sc0 ls0 ws0\">precedentemente clas<span class=\"_ _3\"></span>sificati tra le \u201cAltre pas<span class=\"_ _3\"></span>sivit\u00e0 correnti\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y182 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y183 ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>Gruppo, inoltre, ha <span class=\"_ _5\"></span>proceduto a <span class=\"_ _5\"></span>ridenominare i <span class=\"_ _5\"></span>seguenti righi d<span class=\"_ _7\"></span>ei prospetti <span class=\"_ _5\"></span>di bilancio <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>agli schemi <span class=\"_ _5\"></span>pubblicati<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\">al 31 dicembre 2023: </div><div class=\"t m0 x6d h6c y184 ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cAltri ricavi operativi\u201c<span class=\"ff1\"> ridenomina<span class=\"_ _3\"></span>to in <span class=\"ff5\">\u201cAltri proventi\u201d;</span> </span></span></span></div><div class=\"t m0 x6d h6c y185 ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cImmobilizzazioni m<span class=\"_ _3\"></span>ateriali\u201d ridenominato in \u201cImm<span class=\"_ _3\"></span>obili, impianti e macc<span class=\"_ _3\"></span>hinari\u201d;<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span></div><div class=\"t m0 x6d h6c y186 ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cAttivit\u00e0 e Passivit\u00e0 f<span class=\"_ _3\"></span>iscali differite\u201d ridenomin<span class=\"_ _3\"></span>at<span class=\"_ _5\"></span><span class=\"ff1\">i </span>in \u201cAttivit\u00e0 e Passivit<span class=\"_ _3\"></span>\u00e0 per imposte differite\u201d<span class=\"_ _3\"></span>;<span class=\"ff1\"> </span></span></span></div><div class=\"t m0 x6d h6c y187 ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cTrattamento fine ra<span class=\"_ _3\"></span>pporto e altri benefici\u201d <span class=\"ff1\">ridenominato </span>in \u201cBenefici ai dip<span class=\"_ _3\"></span>endenti\u201d<span class=\"ff1\">; </span></span></span></div><div class=\"t m0 x6d h6c y20c ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cFondi per rischi e o<span class=\"_ _3\"></span>neri\u201d <span class=\"ff1\">ridenominato </span>in \u201cFondi\u201d<span class=\"ff1\">. </span></span></span></div><div class=\"t m0 x1b h3 y20d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y20e ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _5\"></span>schemi <span class=\"_ _7\"></span>dello <span class=\"_ _5\"></span>scorso <span class=\"_ _5\"></span>anno <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>stati <span class=\"_ _5\"></span>riesposti <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>endere <span class=\"_ _5\"></span>comparabili <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valori <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _5\"></span>due <span class=\"_ _5\"></span>esercizi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>confronto. </div><div class=\"t m0 x1b h3 y20f ff1 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _5\"></span>segnala, a<span class=\"_ _5\"></span> t<span class=\"_ _5\"></span>al proposito, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>modifiche <span class=\"_ _7\"></span>relative <span class=\"_ _5\"></span>ai valori <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 d<span class=\"_ _5\"></span>icembre 2023 <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>ritenute ri<span class=\"_ _5\"></span>levanti per <span class=\"_ _5\"></span>la </div><div class=\"t m0 x1b h3 y210 ff1 fs1 fc1 sc0 ls0 ws0\">dimensione economica <span class=\"lse\">e </span>patrimoniale <span class=\"_ _3\"></span>del Gruppo. </div><div class=\"t m0 x1b h3 y211 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y212 ff1 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _d\"> </span>segnala, <span class=\"_ _f\"> </span>inoltre, <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>he <span class=\"_ _d\"> </span>nel<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>corso <span class=\"_ _f\"> </span>del <span class=\"_ _d\"> </span>2024 <span class=\"_ _f\"> </span><span class=\"ff5\">si <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>proceduto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>effettuare <span class=\"_ _d\"> </span>una <span class=\"_ _f\"> </span>riclassifica <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>\u201c<span class=\"_ _5\"></span></span>Passivit\u00e0 <span class=\"_ _f\"> </span>finanziar<span class=\"_ _3\"></span>ie </div><div class=\"t m0 x1b h3 y213 ff5 fs1 fc1 sc0 ls0 ws0\">correnti\u201d <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>\u201c<span class=\"ff1\">D</span>ebiti <span class=\"_ _6\"></span>commerciali\u201d <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>gli <span class=\"_ _6\"></span>importi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>ricevuti <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>anticipi <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>te<span class=\"_ _3\"></span>rmine <span class=\"_ _6\"></span>dell\u2019esercizio <span class=\"_ _6\"></span>prec<span class=\"_ _3\"></span>edente <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>relativi <span class=\"_ _6\"></span>al </div><div class=\"t m0 x1b h3 y214 ff1 fs1 fc1 sc0 ls0 ws0\">processo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>settlement <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>gas. <span class=\"_ _e\"></span>Sulla <span class=\"_ _e\"></span>base <span class=\"_ _6\"></span>de<span class=\"_ _5\"></span>lle <span class=\"_ _6\"></span>analisi <span class=\"_ _e\"> </span>svolte <span class=\"_ _e\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>tale <span class=\"_ _e\"> </span>riclassifica <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"></span>ritenuti </div><div class=\"t m0 x1b h3 y215 ff1 fs1 fc1 sc0 ls0 ws0\">rilevanti, <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>sensi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>anto <span class=\"_ _6\"></span>pre<span class=\"_ _3\"></span>visto <span class=\"_ _6\"></span>dal <span class=\"_ _7\"></span>paragrafo <span class=\"_ _7\"></span>5<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>Ias <span class=\"_ _7\"></span>8. <span class=\"_ _6\"></span>Conseguenteme<span class=\"_ _3\"></span>nte, <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>proceduto <span class=\"_ _7\"></span>a<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>rilevare <span class=\"_ _7\"></span>tale </div><div class=\"t m0 x1b h3 y216 ff1 fs1 fc1 sc0 ls0 ws0\">componente <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _7\"></span>consolidato <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2024<span class=\"_ _7\"></span> <span class=\"_ _7\"></span><span class=\"ff5\">tra <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>\u201cDebiti <span class=\"_ _6\"></span>commerciali\u201d, <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>enza <span class=\"_ _7\"></span>modificare <span class=\"_ _6\"></span>l\u2019inf<span class=\"_ _3\"></span>ormativa </span></div><div class=\"t m0 x1b h3 y217 ff1 fs1 fc1 sc0 ls0 ws0\">comparativa, in appli<span class=\"_ _3\"></span>cazione dei paragrafi <span class=\"_ _3\"></span>41 e 42 dello Ias 8. </div><div class=\"t m0 x1b h3 y218 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y219 ff1 fs1 fc1 sc0 ls0 ws0\">Negli <span class=\"_ _5\"></span>schemi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>bilancio <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>separatamente <span class=\"_ _5\"></span>indicati <span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>eventuali <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>ricavi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>natura <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>ricorrente. <span class=\"_ _7\"></span>Si <span class=\"_ _5\"></span>precisa </div><div class=\"t m0 x1b h3 y21a ff1 fs1 fc1 sc0 ls0 ws0\">che, con riferimento alla delibera Consob 15519 del 27 lu<span class=\"_ _5\"></span>glio 2006 in merito agli schemi di bilancio, sono stati inseriti </div><div class=\"t m0 x1b h3 y21b ff1 fs1 fc1 sc0 ls0 ws0\">specifici <span class=\"_ _7\"></span>schemi <span class=\"_ _6\"></span>suppleme<span class=\"_ _3\"></span>ntari <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>economico, <span class=\"_ _7\"></span>situazione <span class=\"_ _6\"></span>patrimon<span class=\"_ _3\"></span>iale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>rendiconto <span class=\"_ _6\"></span>finan<span class=\"_ _3\"></span>ziario <span class=\"_ _7\"></span>con </div><div class=\"t m0 x1b h3 y21c ff1 fs1 fc1 sc0 ls0 ws0\">evidenza dei r<span class=\"_ _5\"></span>apporti pi\u00f9 significativi <span class=\"_ _5\"></span>con parti correlate, a<span class=\"_ _5\"></span>l fine di <span class=\"_ _5\"></span>non a<span class=\"_ _5\"></span>lterare la leggibilit\u00e0 complessiva <span class=\"_ _5\"></span>degli schemi </div><div class=\"t m0 x1b h3 y21d ff1 fs1 fc1 sc0 ls0 ws0\">di bilancio<span class=\"ff5\">, anch\u2019essi modif<span class=\"_ _3\"></span>icati rispetto al 31 dicem<span class=\"_ _3\"></span>bre 2023 come sopra de<span class=\"_ _3\"></span>ttagliato.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x1b h3 y21e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y21f ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>chemi <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>bilancio <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>dati <span class=\"_ _e\"></span>inseriti <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>note <span class=\"_ _e\"></span>esplicative <span class=\"_ _6\"></span>sono <span class=\"_ _e\"></span>tutti <span class=\"_ _6\"></span>espressi <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _e\"></span>con <span class=\"_ _6\"></span>un<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>decimale </div><div class=\"t m0 x1b h3 y220 ff1 fs1 fc1 sc0 ls0 ws0\">tranne quando diversam<span class=\"_ _3\"></span>ente indicato. </div><div class=\"t m0 x1b h3 y221 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y50e ff8 fsa fc2 sc0 ls24 ws0\">Area di consoli<span class=\"_ _3\"></span>damento<span class=\"ls0\"> </span></div><div class=\"t m0 x1b h3 y524 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y3fb ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _f\"> </span>bilancio <span class=\"_ _f\"> </span>consolidato <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>2024  i<span class=\"_ _3\"></span>nclude <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>bilanci <span class=\"_ _f\"> </span>della  capogruppo  H<span class=\"_ _3\"></span>era <span class=\"_ _f\"> </span>Spa <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>quelli <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>societ\u00e0 </div><div class=\"t m0 x1b h3 y525 ff1 fs1 fc1 sc0 ls0 ws0\">controllate.  Il  c<span class=\"_ _3\"></span>ontrollo  \u00e8  otte<span class=\"_ _3\"></span>nuto  quando  la <span class=\"_ _f\"> </span>societ\u00e0  controllante <span class=\"_ _f\"> </span>ha<span class=\"_ _5\"></span>  il <span class=\"_ _f\"> </span>potere  di  influenzare  i <span class=\"_ _f\"> </span>rendimenti  della </div><div class=\"t m0 x1b h3 y526 ff1 fs1 fc1 sc0 ls0 ws0\">partecipata, <span class=\"_ _e\"> </span>ovvero <span class=\"_ _d\"> </span>quando, <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>tramite <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>diritti <span class=\"_ _e\"> </span>correntemente <span class=\"_ _d\"> </span>validi, <span class=\"_ _e\"> </span>detiene <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>dirigere <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>attivit\u00e0<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y527 ff1 fs1 fc1 sc0 ls0 ws0\">rilevanti della stessa. Le<span class=\"_ _5\"></span> attivit\u00e0 a controllo congiunto (joint operation)<span class=\"_ _5\"></span>, nella forma di veicoli societari,<span class=\"_ _5\"></span> sono rilevate in </div><div class=\"t m0 x1b h3 y528 ff1 fs1 fc1 sc0 ls0 ws0\">modo <span class=\"_ _5\"></span>proporzionale <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>quota di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>partecipazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Gruppo<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _5\"></span></span>Le <span class=\"_ _7\"></span>partecipazioni <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>joint <span class=\"_ _5\"></span>venture, <span class=\"_ _7\"></span>nelle <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>Gruppo </div><div class=\"t m0 x1b h3 y529 ff1 fs1 fc1 sc0 ls0 ws0\">esercita <span class=\"_ _6\"></span>u<span class=\"_ _5\"></span>n <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontrollo <span class=\"_ _6\"></span>congiunto <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>altri <span class=\"_ _e\"></span>soci<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>le <span class=\"_ _6\"></span>soc<span class=\"_ _5\"></span>iet\u00e0 <span class=\"_ _6\"></span>sulle <span class=\"_ _e\"></span>quali <span class=\"_ _e\"></span>viene <span class=\"_ _e\"> </span><span class=\"ff5\">esercitata <span class=\"_ _e\"> </span>un\u2019influenza <span class=\"_ _6\"> </span>notevole <span class=\"_ _e\"> </span>sono </span></div><div class=\"t m0 x1b h3 y52a ff1 fs1 fc1 sc0 ls0 ws0\">consolidate con il meto<span class=\"_ _3\"></span>do del patrimonio n<span class=\"_ _3\"></span>etto.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y52b ff1 fs1 fc1 sc0 ls0 ws0\">Sono <span class=\"_ _5\"></span>escluse <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>consolidamento e <span class=\"_ _7\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>imprese <span class=\"_ _5\"></span>controllate e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>collegate <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>entit\u00e0 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>irrilevante. </div><div class=\"t m0 x1b h3 y52c ff1 fs1 fc1 sc0 ls0 ws0\">Tali partecipate sono ri<span class=\"_ _3\"></span>portate alla nota <span class=\"ff5\">26 nella voce \u201cAltre parte<span class=\"_ _3\"></span>cipazioni<span class=\"lsd\">\u201d.</span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x1b h3 y52d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y1bd2 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>295<span class=\"ls0\"> </span>Variazioni dell\u2019a<span class=\"_ _3\"></span>rea di consolidamento<span class=\"ff8 ls0\"> </span>Di <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>riportate <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ariazioni <span class=\"_ _5\"></span>dell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>consolidamento <span class=\"_ _5\"></span>intervenute <span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _5\"></span>202<span class=\"_ _6\"></span><span class=\"ff1\">4 <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>bilancio </span>consolidato al 31 dic<span class=\"_ _3\"></span>embre 2023: ACQUISIZIONE D<span class=\"_ _3\"></span>EL CONTROLLO USCITA DAL PERI<span class=\"_ _3\"></span>METRO TRS Ecology Srl Atlas Utilities Ea<span class=\"_ _3\"></span>d* Tri-veneta Scarl Ramo \"Soelia\" Ramo \"Safety\" * <span class=\"ls0\">In data 10 giugno 2024 si \u00e8 concluso l'iter di liquidazione della societ\u00e0 Atlas Utilities Ead tramite la cancellazione della <span class=\"_ _5\"></span>societ\u00e0 dal registro delle imprese bulgaro. </span>Per <span class=\"_ _e\"> </span>un\u2019illustrazione <span class=\"_ _6\"></span>delle <span class=\"_ _e\"> </span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>cquisizione <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>controllo <span class=\"_ _f\"> </span><span class=\"ff1\">pi\u00f9 <span class=\"_ _6\"></span>rilevanti <span class=\"_ _e\"> </span>realizzate <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>periodo <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>rimanda <span class=\"_ _6\"></span>al </span>paragrafo <span class=\"_ _d\"> </span>1.03 <span class=\"_ _d\"> </span>\u201cPrincipali <span class=\"_ _d\"> </span>fatti <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>rilievo\u201d <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>elazione <span class=\"_ _e\"> </span>sulla <span class=\"_ _d\"> </span>ges<span class=\"_ _5\"></span>tione<span class=\"_ _5\"></span><span class=\"ff1\">,<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>mentre <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iflessi <span class=\"_ _e\"></span>contabili <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>dettagli </span>valutativi di <span class=\"_ _5\"></span>attivit\u00e0 e <span class=\"_ _5\"></span>passivit\u00e0 acquisite s<span class=\"_ _5\"></span>i rimanda <span class=\"_ _5\"></span>alla sezione \u201cBusiness <span class=\"_ _5\"></span>combination (informazioni integrative)\u201d del paragrafo 2.02.10 \u201cAltr<span class=\"_ _3\"></span>e informazioni\u201d.<span class=\"ff1\"> </span>In data 24 <span class=\"_ _5\"></span>settembre 2024 <span class=\"_ _5\"></span>Acantho Spa ha acquisito da <span class=\"_ _5\"></span>Safety21 Spa un ramo d'azienda <span class=\"_ _5\"></span>costituito dal complesso di attivit\u00e0, <span class=\"_ _6\"> </span>contratti <span class=\"_ _e\"> </span>attivi <span class=\"_ _6\"> </span>e <span class=\"_ _e\"> </span>passivi <span class=\"_ _e\"> </span>per <span class=\"_ _6\"> </span>l\u2019esercizio <span class=\"_ _6\"> </span>del<span class=\"_ _5\"></span>l\u2019attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>rivendit<span class=\"_ _3\"></span>a <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>connettivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>ibra <span class=\"_ _6\"></span>spenta, <span class=\"_ _e\"> </span>oltre <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>servi<span class=\"_ _7\"></span><span class=\"ff1\">zi </span>accessori, <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>favore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _7\"></span>elenco <span class=\"_ _6\"></span>definito <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>clienti <span class=\"_ _6\"></span>nell\u2019am<span class=\"_ _3\"></span>bito <span class=\"_ _6\"></span>territorial<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>omune <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Padova <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span><span class=\"ff1\">d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>alcuni<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>comuni </span>limitrofi. L'efficaci<span class=\"_ _3\"></span>a dell'operazione \u00e8 decorsa dal 1\u00b0 ottobre <span class=\"_ _3\"></span>2024. Variazione dell\u2019i<span class=\"_ _3\"></span>nteressenza pa<span class=\"_ _3\"></span>rtecipativa<span class=\"ff8 ls0\"> </span>In data 15 a<span class=\"_ _5\"></span>prile 2024 \u00e8 stata acquistata la <span class=\"_ _5\"></span>quota di minoranza, pari al 3% del capitale sociale, della societ\u00e0 Uniflotte Srl da parte della co<span class=\"_ _3\"></span>ntrollante Hera Spa, di<span class=\"_ _3\"></span>ventata pertanto soci<span class=\"_ _3\"></span>o unico.<span class=\"_ _5\"></span> La <span class=\"_ _6\"></span>differenza <span class=\"_ _7\"></span>tra <span class=\"_ _6\"></span>l\u2019ammontar<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>rettifi<span class=\"_ _3\"></span>ca <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>partecipazione <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>minoranza <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>corris<span class=\"_ _3\"></span>pettivo <span class=\"_ _6\"></span>pagat<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>\u00e8 stata rilevata direttame<span class=\"_ _3\"></span>nte nel patrimoni<span class=\"_ _3\"></span>o netto e attribuito ai s<span class=\"_ _3\"></span>oci della Controllante.<span class=\"_ _5\"></span> Altre operazioni<span class=\"_ _3\"></span> societarie<span class=\"ls0\"> </span>In <span class=\"_ _e\"></span>data <span class=\"_ _e\"> </span>24 <span class=\"_ _d\"> </span>maggio <span class=\"_ _e\"></span>2024 <span class=\"_ _e\"></span>Herambiente <span class=\"_ _e\"></span>Servizi <span class=\"_ _e\"></span>Industriali <span class=\"_ _e\"></span>Srl <span class=\"_ _e\"></span>ha <span class=\"_ _e\"> </span>acquistato <span class=\"_ _e\"></span>dalla <span class=\"_ _e\"> </span>societ\u00e0 <span class=\"_ _e\"> </span>Estra <span class=\"_ _e\"> </span>Clima <span class=\"_ _d\"> </span>Srl <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>ramo d'azienda <span class=\"_ _7\"></span>costituito <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>complesso <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>beni <span class=\"_ _7\"></span>organizzati <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>l'esercizio <span class=\"_ _7\"></span>dell'attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>officina <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>oduzione <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>nergia elettrica <span class=\"_ _7\"></span>tramite <span class=\"_ _6\"></span>impiant<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>foto<span class=\"_ _3\"></span>voltaici. <span class=\"_ _7\"></span>L'efficacia <span class=\"_ _7\"></span>dell'operazione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>decorsa <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>1\u00b0 <span class=\"_ _7\"></span>giugno <span class=\"_ _7\"></span>2024. <span class=\"_ _6\"></span><span class=\"ff5\">L\u2019operazione <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>stata </span>rappresentata come un i<span class=\"_ _3\"></span>nvestimento in attivit<span class=\"_ _3\"></span>\u00e0 materiali, non con<span class=\"_ _3\"></span>figurandosi come aggregazio<span class=\"_ _3\"></span>ne aziendale.<span class=\"_ _5\"></span> Con <span class=\"_ _5\"></span>efficacia <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>ottobre <span class=\"_ _5\"></span>2024 <span class=\"_ _7\"></span>\u00e8 a<span class=\"_ _5\"></span>vvenuta l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>fusione p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>incorporazione di <span class=\"_ _6\"></span>H<span class=\"_ _3\"></span>era <span class=\"_ _5\"></span>Comm <span class=\"_ _5\"></span>Marche <span class=\"_ _5\"></span>Srl, <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _5\"></span>detenuta al 100%, nella controllante Hera<span class=\"_ _3\"></span> Comm Spa. In <span class=\"_ _e\"> </span>data <span class=\"_ _6\"> </span>1<span class=\"_ _5\"></span>6 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _6\"></span>2024 <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>stato <span class=\"_ _e\"> </span>stipulato <span class=\"_ _e\"> </span>l\u2019atto <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>cessione <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>parte <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>Ascopiave <span class=\"_ _e\"> </span>Spa <span class=\"_ _e\"> </span>del <span class=\"_ _6\"> </span>25<span class=\"_ _5\"></span>% <span class=\"_ _6\"> </span>del <span class=\"_ _e\"> </span>capitale <span class=\"_ _e\"> </span>di EstEnergy <span class=\"_ _5\"></span>Spa <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Hera <span class=\"_ _7\"></span>Comm <span class=\"_ _5\"></span>Spa. <span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>trasferimento <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>previsto <span class=\"_ _5\"></span>nella <span class=\"_ _7\"></span>finestra <span class=\"_ _5\"></span>tra <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>giugno <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>31 <span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>gli<span class=\"_ _3\"></span>o 2025 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>rimane <span class=\"_ _6\"></span>soggetto <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>condizione <span class=\"_ _6\"></span>sos<span class=\"_ _3\"></span>pensiva <span class=\"_ _6\"></span>dell'effettivo <span class=\"_ _6\"></span>incasso <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>Ascopiave <span class=\"_ _d\"> </span>Spa <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>somme contrattualizzate. <span class=\"_ _6\"></span>Una <span class=\"_ _6\"></span>volta <span class=\"_ _6\"></span>real<span class=\"_ _3\"></span>izzata <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>condizione <span class=\"_ _6\"></span>sospen<span class=\"_ _3\"></span>siva, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>percentuale <span class=\"_ _6\"></span>giuridica <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>possess<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>da <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>del Gruppo Hera sar\u00e0 p<span class=\"_ _3\"></span>ari al 100% del capitale sociale. Criteri di valuta<span class=\"_ _3\"></span>zione e principi di con<span class=\"_ _3\"></span>solidamento<span class=\"ls0\"> </span>Per <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>redazione <span class=\"_ _5\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>prospetti <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>situazione <span class=\"_ _7\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>consolidati <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>stati utilizzati i bilanci che le societ\u00e0 rientr<span class=\"_ _3\"></span>anti nell\u2019area di consolidament<span class=\"_ _3\"></span>o hanno opportunamente ricla<span class=\"_ _3\"></span>ssificato e rettificato<span class=\"_ _3\"></span> (sulla base di a<span class=\"_ _5\"></span>pposite istruzioni emanate dalla Capogruppo) al <span class=\"_ _5\"></span>fine di renderli uniformi ai <span class=\"_ _5\"></span>principi contabili e <span class=\"_ _5\"></span>ai criteri del <span class=\"_ _e\"> </span>Gruppo. <span class=\"_ _e\"> </span>Nell\u2019elaborazione <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>valori <span class=\"_ _e\"> </span>riferiti <span class=\"_ _e\"> </span>alle <span class=\"_ _e\"> </span>societ\u00e0 <span class=\"_ _e\"> </span>valutate <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>patrimonio <span class=\"_ _e\"> </span>netto, <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _e\"> </span>considerate <span class=\"_ _e\"> </span>le rettifiche ai relativi bi<span class=\"_ _3\"></span>lanci per adeguarli ai p<span class=\"_ _3\"></span>rincipi <span class=\"_ _5\"></span>contabili e alle policy <span class=\"_ _3\"></span>del Gruppo. Nella <span class=\"_ _e\"></span>redazione <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>rospetti <span class=\"_ _6\"></span>della <span class=\"_ _e\"> </span>situazione <span class=\"_ _e\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>consolidati, <span class=\"_ _e\"> </span>gli <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>lementi<span class=\"_ _3\"></span> dell\u2019attivo <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>passivo, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>proventi <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>oneri <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>imprese <span class=\"_ _5\"></span>rientranti <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>perimetro <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>consolidamento<span class=\"_ _7\"></span><span class=\"ff1\">,<span class=\"_ _75\"> </span></span><span class=\"ff1\"> <span class=\"_ _7\"></span>sono </span>inclusi <span class=\"_ _6\"></span>int<span class=\"_ _3\"></span>egralmente. <span class=\"_ _6\"></span>S<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>inve<span class=\"_ _3\"></span>ce <span class=\"_ _6\"></span>eliminati <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>debiti, <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>oneri, <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>utili <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>origin<span class=\"_ _3\"></span>ati <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span><span class=\"lse\">a<span class=\"_ _75\"> </span></span><span class=\"lse\"> </span><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">296</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y172 ff5 fs1 fc1 sc0 ls0 ws0\">operazioni <span class=\"_ _6\"></span>effett<span class=\"_ _3\"></span>uate <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>imprese <span class=\"_ _6\"></span>incluse <span class=\"_ _7\"></span>nell\u2019area <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>consolidamento. <span class=\"_ _6\"></span>Viene <span class=\"_ _7\"></span>inoltre <span class=\"_ _6\"></span>eliso <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>contabile <span class=\"_ _7\"></span>delle </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">partecipazioni contro l<span class=\"_ _3\"></span>e corrispondenti frazio<span class=\"_ _3\"></span>ni del patrimonio ne<span class=\"_ _3\"></span>tto delle partecipate.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">In <span class=\"_ _5\"></span>sede <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>primo <span class=\"_ _7\"></span>consolidamento, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _5\"></span>positiva <span class=\"_ _7\"></span>fra <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _5\"></span>delle </div><div class=\"t m0 x1b h43 y175 ff5 fs1 fc1 sc0 ls0 ws0\">attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>acquisite<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>attribuita <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>elementi <span class=\"_ _6\"></span>dell\u2019attiv<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>passivo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>via <span class=\"_ _6\"></span>residuale <span class=\"_ _6\"></span>all\u2019avvi<span class=\"_ _3\"></span>amento. <span class=\"_ _6\"></span>La </div><div class=\"t m0 x1b h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">differenza  negativa <span class=\"_ _4\"> </span>\u00e8 <span class=\"_ _4\"> </span>immediatamente  iscr<span class=\"_ _5\"></span>itta  a <span class=\"_ _4\"> </span>conto <span class=\"_ _4\"> </span>economico, <span class=\"_ _4\"> </span>come <span class=\"_ _4\"> </span>dettagliato <span class=\"_ _4\"> </span>nella <span class=\"_ _4\"> </span>successiva <span class=\"_ _4\"> </span>sezione </div><div class=\"t m0 x1b h3 y177 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAggregazioni di impre<span class=\"_ _3\"></span>se\u201d.<span class=\"_ _75\"> </span> <span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y179 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019importo del capitale e <span class=\"_ _5\"></span>delle riserve delle imprese <span class=\"_ _5\"></span>controllate, corrispon<span class=\"_ _3\"></span>dente alla <span class=\"_ _5\"></span>partecipazi<span class=\"_ _3\"></span>one di <span class=\"_ _5\"></span>terzi, \u00e8 <span class=\"_ _5\"></span>iscritto in </div><div class=\"t m0 x1b h43 y17a ff5 fs1 fc1 sc0 ls0 ws0\">una voce <span class=\"_ _5\"></span>del patrimonio netto <span class=\"_ _5\"></span>denominata \u201cInteressenze di <span class=\"_ _5\"></span>minoranza\u201d.<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>La parte <span class=\"_ _5\"></span>del risultato economico consolidato </div><div class=\"t m0 x1b h3 y17b ff5 fs1 fc1 sc0 ls0 ws0\">corrispondente alle par<span class=\"_ _3\"></span>tecipazioni di terzi \u00e8<span class=\"_ _3\"></span> iscritta nella voce \u201c<span class=\"_ _5\"></span><span class=\"ff1\">A</span>zionisti d<span class=\"_ _3\"></span>i minoranza\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\">La valutazione delle voci di bilancio \u00e8 stata fatta sulla b<span class=\"_ _5\"></span>ase de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>criterio generale della competenza e nella prospettiva </div><div class=\"t m0 x1b h43 y17e ff5 fs1 fc1 sc0 ls0 ws0\">della continuazione dell\u2019attivit\u00e0. Ai fini delle rilevazioni contabili, viene data prevalen<span class=\"_ _3\"></span>za alla <span class=\"_ _5\"></span>sostanza economica delle<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y17f ff1 fs1 fc1 sc0 ls0 ws0\">operazioni piuttosto <span class=\"_ _3\"></span>che alla loro forma giurid<span class=\"_ _3\"></span>ica.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y180 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y181 ff1 fs1 fc1 sc0 ls0 ws0\">Nella <span class=\"_ _d\"> </span>predisposizione <span class=\"_ _e\"> </span>del<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>resente <span class=\"_ _e\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _e\"> </span>consolidato <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>eguiti <span class=\"_ _e\"> </span>gli <span class=\"_ _f\"> </span>stessi <span class=\"_ _e\"> </span>principi <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>criteri <span class=\"_ _e\"> </span>applicati <span class=\"_ _d\"> </span>nel </div><div class=\"t m0 x1b h43 y182 ff5 fs1 fc1 sc0 ls0 ws0\">precedente <span class=\"_ _6\"></span>esercizio <span class=\"_ _6\"></span>te<span class=\"_ _3\"></span>nendo <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>nuovi <span class=\"_ _6\"></span>principi <span class=\"_ _6\"></span>cont<span class=\"_ _3\"></span>abili <span class=\"_ _6\"></span>riportati <span class=\"_ _6\"></span>nell\u2019apposita<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>sezione <span class=\"_ _6\"></span>\u201cModifiche <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>principi<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h43 y183 ff5 fs1 fc1 sc0 ls0 ws0\">contabili\u201d del <span class=\"_ _5\"></span>paragrafo <span class=\"_ _5\"></span>2.02.10 \u201cAltre <span class=\"_ _5\"></span>informazioni\u201d. Per <span class=\"_ _5\"></span>quanto attiene <span class=\"_ _5\"></span>l\u2019aspetto economico, s<span class=\"_ _5\"></span>i precisa c<span class=\"_ _5\"></span>he <span class=\"_ _5\"></span>i costi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>i </div><div class=\"t m0 x1b h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\">ricavi <span class=\"_ _6\"></span>esposti <span class=\"_ _7\"></span>comprendono <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>rilevazioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>fi<span class=\"_ _5\"></span>ne <span class=\"_ _7\"></span>esercizio <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>trovano <span class=\"_ _7\"></span>riscontro <span class=\"_ _6\"></span>nelle <span class=\"_ _7\"></span>contropartite <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>situazione </div><div class=\"t m0 x1b h3 y184 ff1 fs1 fc1 sc0 ls0 ws0\">patrimoniale-<span class=\"ff5\">finanziaria.<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>In <span class=\"_ _7\"></span>relazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>ci\u00f2 <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>inclusi <span class=\"_ _7\"></span>utili <span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>se <span class=\"_ _7\"></span>realizzati <span class=\"_ _5\"></span>entro <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>chiusura <span class=\"_ _7\"></span>dell\u2019esercizio,<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 y185 ff1 fs1 fc1 sc0 ls0 ws0\">mentre si \u00e8 tenuto cont<span class=\"_ _3\"></span>o dei rischi e delle per<span class=\"_ _3\"></span>dite anche se cono<span class=\"_ _3\"></span>sciuti successivament<span class=\"_ _3\"></span>e a tale data.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y186 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y187 ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _4\"> </span>t<span class=\"_ _5\"></span>ransazioni<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con  azionisti <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>minoranza <span class=\"_ _4\"> </span>sono <span class=\"_ _10\"> </span>contabilizzat<span class=\"_ _3\"></span>e <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>ome  e<span class=\"_ _5\"></span>quity <span class=\"_ _4\"> </span>transaction,  p<span class=\"_ _5\"></span>ertanto,  nel <span class=\"_ _10\"> </span>caso <span class=\"_ _4\"> </span>di </div><div class=\"t m0 x1b h3 y20c ff1 fs1 fc1 sc0 ls0 ws0\">acquisizioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ulteriori <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>azionarie <span class=\"_ _5\"></span>dopo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ggiungim<span class=\"_ _3\"></span>ento <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrollo, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _7\"></span>tra <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione <span class=\"_ _5\"></span>e </div><div class=\"t m0 x1b h3 y20d ff1 fs1 fc1 sc0 ls0 ws0\">valore contabile delle q<span class=\"_ _3\"></span>uote di minoranza a<span class=\"_ _3\"></span>cquisite viene imputat<span class=\"_ _3\"></span>a a patrimonio netto di G<span class=\"_ _3\"></span>ruppo.<span class=\"_ _7\"></span> </div><div class=\"t m0 x1b h3 y20e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y20f ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _e\"> </span>valuta <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>unzional<span class=\"_ _3\"></span>e <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>presentazione <span class=\"_ _6\"> </span>adottata <span class=\"_ _e\"> </span>dal <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _e\"> </span>l\u2019euro. <span class=\"_ _e\"> </span>Le <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>imprese <span class=\"_ _e\"> </span>estere <span class=\"_ _6\"> </span>in </div><div class=\"t m0 x1b h43 y210 ff5 fs1 fc1 sc0 ls0 ws0\">moneta <span class=\"_ _5\"></span>diversa <span class=\"_ _7\"></span>dall\u2019euro <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>rientrano <span class=\"_ _7\"></span>nell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>consolidamento <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>convertite <span class=\"_ _5\"></span>utilizzando <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>tassi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ambio <span class=\"_ _5\"></span>alla </div><div class=\"t m0 x1b h43 y211 ff5 fs1 fc1 sc0 ls0 ws0\">data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rife<span class=\"_ _3\"></span>rimento <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>bilanci. <span class=\"_ _6\"></span>I <span class=\"_ _6\"></span>pro<span class=\"_ _3\"></span>venti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>oneri <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onvertiti <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>cam<span class=\"_ _3\"></span>bio <span class=\"_ _6\"></span>medio <span class=\"_ _7\"></span>dell\u2019esercizio. <span class=\"_ _6\"></span>Le <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span>fferenze <span class=\"_ _7\"></span>di </div><div class=\"t m0 x1b h3 y212 ff1 fs1 fc1 sc0 ls0 ws0\">conversione <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>incluse <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>patri<span class=\"_ _5\"></span>monio <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>fino <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>cessione <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>partecipazio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span>I <span class=\"_ _5\"></span>principali <span class=\"_ _5\"></span>tassi <span class=\"_ _7\"></span>di </div><div class=\"t m0 x1b h3 y213 ff5 fs1 fc1 sc0 ls0 ws0\">cambio utilizzati p<span class=\"_ _3\"></span>er la conversione in euro dei <span class=\"_ _3\"></span>valori delle societ<span class=\"_ _3\"></span>\u00e0 al di fuori dell\u2019area e<span class=\"_ _3\"></span>uro sono stati i segu<span class=\"_ _3\"></span>enti:<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y214 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w3b h3c gs15\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w3c h3c gs16\"><div class=\"t m0 xa8 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w3b h3c gs17\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w3d h3c gs18\"><div class=\"t m0 xa8 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w3b h3c gs19\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">Medio </div></div><div class=\"c w3c h3c gs1a\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">Puntuale </div></div><div class=\"c w3b h3c gs1b\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">Medio </div></div><div class=\"c w3d h3c gs1c\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">Puntuale </div></div><div class=\"c w3a h98 gs1d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Lev bulgaro </div></div><div class=\"c w3b h98 gs1e\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,9558 </div></div><div class=\"c w3c h98 gs1f\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,9558 </div></div><div class=\"c w3b h98 gs20\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,9558 </div></div><div class=\"c w3d h98 gs21\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,9558 </div></div><div class=\"c w3a h3c gs22\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Zloty polacco </div></div><div class=\"c w3b h3c gs23\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,3058 </div></div><div class=\"c w3c h3c gs24\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,2750 </div></div><div class=\"c w3b h3c gs25\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,5420 </div></div><div class=\"c w3d h3c gs26\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,3395 </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y1188 ff1 fs1 fc1 sc0 ls0 ws0\">I criteri e principi ado<span class=\"_ _3\"></span>ttati sono di seguito ripor<span class=\"_ _3\"></span>tati.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y13dd ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y16d3 ff3 fs1 fc1 sc0 ls0 ws0\">Im<span class=\"_ _1\"></span>mo<span class=\"_ _3\"></span>bi<span class=\"_ _1\"></span>li,<span class=\"_ _1\"></span>  i<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span>  e<span class=\"_ _1\"></span>  m<span class=\"_ _3\"></span>ac<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>nar<span class=\"_ _3\"></span>i<span class=\"ff1\"> <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _f\"> </span>Sono  rilevati <span class=\"_ _f\"> </span>al  costo  di <span class=\"_ _f\"> </span>acquisto  o <span class=\"_ _f\"> </span>di  produzione <span class=\"_ _f\"> </span>comprensivo  degli<span class=\"_ _3\"></span>  oneri<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 y16d4 ff1 fs1 fc1 sc0 ls0 ws0\">accessori, oppure a<span class=\"_ _5\"></span>l valore b<span class=\"_ _5\"></span>asato su <span class=\"_ _5\"></span>perizie di <span class=\"_ _5\"></span>stima, nel c<span class=\"_ _5\"></span>aso di <span class=\"_ _5\"></span>acquisizione di aziende, <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>del relativo <span class=\"_ _5\"></span>fondo </div><div class=\"t m0 x1b h3 y16d5 ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _5\"></span>ammortamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>eventuali <span class=\"_ _7\"></span>perdite d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Nel <span class=\"_ _5\"></span>costo <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>produzione <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>compresi <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>diretti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>indiretti p<span class=\"_ _5\"></span>er </div><div class=\"t m0 x1b h3 y1617 ff1 fs1 fc1 sc0 ls0 ws0\">la <span class=\"_ _7\"></span>quota <span class=\"_ _5\"></span>ragionevolmente <span class=\"_ _5\"></span>imputabile <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>bene <span class=\"_ _5\"></span>(<span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>esempio: <span class=\"_ _7\"></span>costi <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>personale, <span class=\"_ _5\"></span>trasporti, <span class=\"_ _5\"></span>dazi <span class=\"_ _7\"></span>doganali, <span class=\"_ _5\"></span>spese <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>la<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y12e4 ff1 fs1 fc1 sc0 ls0 ws0\">preparazione del <span class=\"_ _5\"></span>luogo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>installazione, costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>collaudo, <span class=\"_ _5\"></span>spese n<span class=\"_ _5\"></span>otarili e <span class=\"_ _5\"></span>catastali). <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>include <span class=\"_ _5\"></span>eventuali onorari </div><div class=\"t m0 x1b h43 y16d6 ff5 fs1 fc1 sc0 ls0 ws0\">professionali <span class=\"_ _4\"> </span>e, <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>taluni  b<span class=\"_ _5\"></span>eni, <span class=\"_ _4\"> </span>gli <span class=\"_ _10\"> </span>oneri  finanziari <span class=\"_ _4\"> </span>capitalizzati <span class=\"_ _4\"> </span>f<span class=\"_ _5\"></span>ino <span class=\"_ _4\"> </span>all\u2019entrata <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>funzion<span class=\"_ _3\"></span>e <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>bene.  I<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>costo </div><div class=\"t m0 x1b h43 ycd ff5 fs1 fc1 sc0 ls0 ws0\">ricomprende <span class=\"_ _d\"> </span>gli  e<span class=\"_ _3\"></span>ventuali <span class=\"_ _f\"> </span>costi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>smantellamento, <span class=\"_ _f\"> </span>ripristi<span class=\"_ _3\"></span>no <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>bonifica <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _f\"> </span>sito <span class=\"_ _f\"> </span>su <span class=\"_ _d\"> </span>cui <span class=\"_ _f\"> </span>insiste <span class=\"_ _f\"> </span>l\u2019immobilizzazione<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y16d7 ff1 fs1 fc1 sc0 ls0 ws0\">materiale.  L<span class=\"_ _3\"></span>e  spese <span class=\"_ _f\"> </span>di  manutenzio<span class=\"_ _3\"></span>ne  ordinaria<span class=\"_ _3\"></span>  sono <span class=\"_ _f\"> </span>addebitate  integr<span class=\"_ _3\"></span>almente  al <span class=\"_ _f\"> </span>conto  ec<span class=\"_ _3\"></span>onomico.  I<span class=\"_ _3\"></span>  costi  p<span class=\"_ _3\"></span>er </div><div class=\"t m0 x1b h3 y16d8 ff1 fs1 fc1 sc0 ls0 ws0\">migliorie, ammodernament<span class=\"_ _3\"></span>o e trasformazione <span class=\"_ _3\"></span>aventi natura increme<span class=\"_ _3\"></span>ntativa sono rilevati com<span class=\"_ _3\"></span>e attivit\u00e0. <span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y16d9 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y25d ff1 fs1 fc1 sc0 ls0 ws0\">Immobili, <span class=\"_ _f\"> </span>impianti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>macchinari <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>esposti <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>lordo <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>contributi <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>conto <span class=\"_ _f\"> </span>impianti  c<span class=\"_ _3\"></span>he <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>rilevati <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>conto </div><div class=\"t m0 x1b h3 y25e ff1 fs1 fc1 sc0 ls0 ws0\">economico lungo <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>periodo necessario <span class=\"_ _5\"></span>per correlarli <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>i relativi <span class=\"_ _5\"></span>costi; <span class=\"_ _5\"></span>nella situazione p<span class=\"_ _5\"></span>atrimoniale<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>finanziaria sono </div><div class=\"t m0 x1b h3 y25f ff1 fs1 fc1 sc0 ls0 ws0\">rappresentati iscri<span class=\"_ _3\"></span>vendo il contributo come ri<span class=\"_ _3\"></span>cavo differito. </div><div class=\"t m0 x1b h3 y3ff ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 yaf9 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019ammortamento ha <span class=\"_ _7\"></span>inizio <span class=\"_ _5\"></span>quando le<span class=\"_ _5\"></span> a<span class=\"_ _5\"></span>ttivit\u00e0 entrano <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>ciclo <span class=\"_ _5\"></span>produttivo. <span class=\"_ _5\"></span>Le <span class=\"_ _5\"></span>immobilizzazioni sono<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>classificate come </div><div class=\"t m0 x1b h3 y1631 ff1 fs1 fc1 sc0 ls0 ws0\">in corso quando non ha a<span class=\"_ _3\"></span>ncora avuto inizio il proces<span class=\"_ _3\"></span>so di utilizzazio<span class=\"_ _3\"></span>ne economica. <span class=\"_ _5\"></span>Gli immobili, impianti e mac<span class=\"_ _3\"></span>chinari </div><div class=\"t m0 x1b h3 y1bdd ff1 fs1 fc1 sc0 ls0 ws0\">sono <span class=\"_ _1d\"> </span>s<span class=\"_ _5\"></span>istematicament<span class=\"_ _3\"></span>e <span class=\"_ _c\"> </span>ammortizzati <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>ogni <span class=\"_ _c\"> </span>esercizio <span class=\"_ _1d\"> </span>sulla <span class=\"_ _c\"> </span>base <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>aliquote <span class=\"_ _c\"> </span>economico-tecniche <span class=\"_ _c\"> </span>ritenute </div><div class=\"t m0 x1b h3 yc5 ff1 fs1 fc1 sc0 ls0 ws0\">rappresentative <span class=\"_ _e\"> </span>della <span class=\"_ _d\"> </span>residua <span class=\"_ _d\"> </span>possibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>utilizzo <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>cespiti. <span class=\"_ _d\"> </span>Di <span class=\"_ _f\"> </span>seguito <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>riportate <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>aliquote <span class=\"_ _d\"> </span>utilizzate <span class=\"_ _d\"> </span>per </div><div class=\"t m0 x1b h3 y16db ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019ammortamento d<span class=\"ff1\">i immobili,<span class=\"_ _3\"></span> impianti e macchinari:<span class=\"_ _75\"> </span></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h2 y16dc ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>297<span class=\"ls0\"> </span>CATEGORIA ALIQUOTE Fabbricati 1,8% - 2,8% Impianti di distribuzio<span class=\"_ _3\"></span>ne 1,4% - 5,9% Impianti di produzi<span class=\"_ _3\"></span>one 2,5% - 25,0% Altri impianti 3,9% - 7,5% Attrezzature 5,0% - 20,0%<span class=\"_ _75\"> </span> Macchine elettroni<span class=\"_ _3\"></span>che 16,7% - 20,0% Automezzi 10,0% - 20,0%<span class=\"_ _75\"> </span> I <span class=\"_ _7\"></span><span class=\"ls0\">terreni <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>mmortizzati,<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>eccezion <span class=\"_ _5\"></span>fatta <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>terreni <span class=\"_ _5\"></span>su <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>insistono <span class=\"_ _5\"></span>discariche, <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>ammortizzati <span class=\"_ _5\"></span>sulla </span>base delle quantit\u00e0 di<span class=\"_ _3\"></span> rifiuti smaltite rispe<span class=\"_ _3\"></span>tto alla capacit\u00e0 totale <span class=\"_ _3\"></span>abbancabile.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span> In<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> im<span class=\"_ _1\"></span>mo<span class=\"_ _3\"></span>bi<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ri<span class=\"ff1\"> <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff1\"> P<span class=\"_ _3\"></span>er <span class=\"_ _5\"></span>la valutazione degli <span class=\"_ _5\"></span>investimenti immobiliari \u00e8 stato <span class=\"_ _7\"></span>adottato il <span class=\"_ _5\"></span>criterio del <span class=\"_ _5\"></span>costo. I beni </span></span></span>risultano <span class=\"_ _6\"></span>quindi <span class=\"_ _6\"></span>iscritt<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>osto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizi<span class=\"_ _3\"></span>one, <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>ammor<span class=\"_ _3\"></span>tamenti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>rdite <span class=\"_ _6\"></span>di valore. D<span class=\"_ _3\"></span>ir<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d\u2019u<span class=\"_ _1\"></span>so<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff3 fc1c\"> <span class=\"ff1 fc1\">Il diritto di utilizzo <span class=\"_ _3\"></span>su un bene o un servizio <span class=\"_ _3\"></span>\u00e8 valutato dal Gr<span class=\"_ _3\"></span>uppo inizialmente al c<span class=\"_ _3\"></span>osto.<span class=\"_ _7\"></span> </span></span></span></span>Le componenti d<span class=\"_ _5\"></span>i service eventualmente presenti nel <span class=\"_ _5\"></span>contratto sono escluse <span class=\"_ _5\"></span>dalle proiezioni dei p<span class=\"_ _5\"></span>agamenti futuri per il leasing e contabiliz<span class=\"_ _3\"></span>zate separatamente tr<span class=\"_ _3\"></span>a i costi operativi second<span class=\"_ _3\"></span>o una ripartizione lineare<span class=\"_ _3\"></span>.<span class=\"_ _7\"></span> Dopo <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>rilevazione <span class=\"_ _e\"> </span>iniziale <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>diritto <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>ridotto <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>ammortamenti <span class=\"_ _e\"> </span>accumulati <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>riduzioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i valore, nonch\u00e9 rettifi<span class=\"_ _3\"></span>cato per tener conto di e<span class=\"_ _3\"></span>ventuali rideterminazioni<span class=\"_ _3\"></span> della passivit\u00e0 del l<span class=\"_ _3\"></span>easing. <span class=\"_ _5\"></span> A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> im<span class=\"_ _1\"></span>ma<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e a<span class=\"_ _3\"></span>vv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>o <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"ff1 ls10\">Le <span class=\"_ _5\"></span><span class=\"ls0\">attivit\u00e0 imma<span class=\"_ _5\"></span>teriali identificabili e <span class=\"_ _5\"></span>controllabili<span class=\"_ _5\"></span> sono <span class=\"_ _5\"></span>rilevate al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>e, qualora </span></span></span></span>a <span class=\"_ _2\"> </span>vita <span class=\"_ _2\"> </span>u<span class=\"_ _5\"></span>tile <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>efinita, <span class=\"_ _8\"> </span>s<span class=\"_ _5\"></span>ono <span class=\"_ _2\"> </span>ammortizzate <span class=\"_ _2\"> </span>sistematicame<span class=\"_ _3\"></span>nte <span class=\"_ _2\"> </span>lungo <span class=\"_ _2\"> </span>il <span class=\"_ _1d\"> </span>perio<span class=\"_ _3\"></span>do <span class=\"_ _2\"> </span>della <span class=\"_ _1d\"> </span>stima<span class=\"_ _3\"></span>ta <span class=\"_ _2\"> </span>vita <span class=\"_ _1d\"> </span>utile <span class=\"_ _8\"> </span>stessa. L\u2019ammortamento decorre <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>momento in <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>l\u2019immobilizzazione \u00e8 <span class=\"_ _5\"></span>pronta <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019utilizzo, o <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>omunq<span class=\"_ _3\"></span>ue <span class=\"_ _5\"></span>inizia <span class=\"_ _5\"></span>a p<span class=\"_ _5\"></span>rodurre benefici  e<span class=\"_ _3\"></span>conomici  p<span class=\"_ _3\"></span>er  il <span class=\"_ _f\"> </span>Gruppo. <span class=\"_ _f\"> </span>Le  immobilizzazio<span class=\"_ _3\"></span>ni  in <span class=\"_ _f\"> </span>corso  compre<span class=\"_ _3\"></span>ndono  i <span class=\"_ _f\"> </span>costi  relati<span class=\"_ _3\"></span>vi  a <span class=\"_ _f\"> </span>immobilizzazioni immateriali  per  le  qu<span class=\"_ _3\"></span>ali  non  ha  ancor<span class=\"_ _3\"></span>a  avuto  inizio  il  proc<span class=\"_ _3\"></span>esso  di  utilizzazion<span class=\"_ _3\"></span>e  economica.  Qualora<span class=\"_ _3\"></span>  le  attivit\u00e0 immateriali  s<span class=\"_ _5\"></span>iano <span class=\"_ _4\"> </span>invece <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>vita  u<span class=\"_ _5\"></span>tile <span class=\"_ _4\"> </span>indefinita, <span class=\"_ _4\"> </span>le <span class=\"_ _10\"> </span>stesse  sono <span class=\"_ _10\"> </span>assoggettate  non <span class=\"_ _10\"> </span>ad  ammortamento, <span class=\"_ _4\"> </span>bens\u00ec <span class=\"_ _4\"> </span>a impairment test ann<span class=\"_ _3\"></span>uale anche in assenza di<span class=\"_ _3\"></span> indicatori che segn<span class=\"_ _3\"></span>alino perdite di valore.<span class=\"_ _5\"></span> Le <span class=\"_ _6\"></span>concessioni <span class=\"_ _7\"></span>sono<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ostituite <span class=\"_ _7\"></span>principalmente <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>diritti <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>dotazioni <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>riferiscono <span class=\"_ _6\"></span>ai servizi <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>ciclo <span class=\"_ _7\"></span>idrico <span class=\"_ _6\"></span>integrato<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dati <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>estione <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>funzionali <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>gestio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>tali <span class=\"_ _7\"></span>servizi. <span class=\"_ _6\"></span>Ta<span class=\"_ _3\"></span>li concessioni <span class=\"_ _c\"> </span>risultavano <span class=\"_ _22\"> </span>classificate <span class=\"_ _c\"> </span>nelle <span class=\"_ _22\"> </span>immobilizzazioni <span class=\"_ _c\"> </span>immateriali <span class=\"_ _22\"> </span>anche <span class=\"_ _c\"> </span>antecedentemente <span class=\"_ _c\"> </span>alla <span class=\"_ _22\"> </span>prima applicazione dell\u2019inte<span class=\"_ _3\"></span>rpretazione Ifric 12 <span class=\"ff1\">- Accordi per servizi in c<span class=\"_ _3\"></span>oncessione. </span>Gli  ammortame<span class=\"_ _3\"></span>nti  delle <span class=\"_ _f\"> </span>concessioni  sono <span class=\"_ _f\"> </span>calcolati  in  ba<span class=\"_ _3\"></span>se  a  qu<span class=\"_ _3\"></span>anto  previsto <span class=\"_ _f\"> </span>nelle  rispettive <span class=\"_ _f\"> </span>convenzioni  e  i<span class=\"_ _3\"></span>n particolare: <span class=\"_ _6\"></span>i) <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>misura <span class=\"_ _6\"></span>costa<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vi<span class=\"_ _3\"></span>ta <span class=\"_ _6\"></span>economico<span class=\"_ _7\"></span>-tecnica <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>ben<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>concessi <span class=\"_ _7\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>durata<span class=\"_ _3\"></span> della <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>mede<span class=\"_ _3\"></span>sima, <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>lora <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>scadenza <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>stessa <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>venga <span class=\"_ _6\"></span>riconosci<span class=\"_ _3\"></span>uto <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>gestore <span class=\"_ _6\"></span>usce<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lcu<span class=\"_ _3\"></span>n<span class=\"_ _75\"> </span> valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>indennizzo (Valore <span class=\"_ _5\"></span>industriale <span class=\"_ _5\"></span>residuo o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Vir); <span class=\"_ _5\"></span>ii) in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>economico<span class=\"_ _7\"></span>-tecnica dei <span class=\"_ _5\"></span>singoli <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>qualora alla scadenza delle co<span class=\"_ _3\"></span>ncessioni venga riconosciuto al gest<span class=\"_ _3\"></span>ore uscente un valore <span class=\"_ _3\"></span>di indennizzo (Vir)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span> I <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>pubbli<span class=\"_ _3\"></span>ci <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>ricomprend<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>diritti <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _7\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>dotazioni <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>servizi <span class=\"_ _6\"></span>gas, <span class=\"_ _7\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato, energia elettrica <span class=\"_ _5\"></span>(con l<span class=\"_ _5\"></span>a sola <span class=\"_ _5\"></span>esclusione dei <span class=\"_ _5\"></span>beni afferenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>territorio di <span class=\"_ _5\"></span>Modena, classificati tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>be<span class=\"_ _6\"></span>ni in <span class=\"_ _7\"></span>propriet\u00e0 <span class=\"_ _7\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>forza <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>rel<span class=\"_ _3\"></span>ativa <span class=\"_ _7\"></span>acquisizione) <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>pu<span class=\"_ _3\"></span>bblica <span class=\"_ _7\"></span>illuminazione <span class=\"_ _7\"></span>(salvo <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>questi <span class=\"_ _5\"></span>ultimi <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>nto <span class=\"_ _7\"></span>evidenziato nella <span class=\"_ _5\"></span>successiva <span class=\"_ _7\"></span>nota <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>descrizione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>app<span class=\"_ _5\"></span>licati <span class=\"_ _5\"></span>relativamente <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>\u201cCrediti <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d),<span class=\"_ _3\"></span> connessi <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ervizi <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>gestione <span class=\"_ _8\"> </span>al <span class=\"_ _10\"> </span>Gruppo. <span class=\"_ _10\"> </span>Tali <span class=\"_ _8\"> </span>ra<span class=\"_ _3\"></span>pporti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>conta<span class=\"_ _3\"></span>bilizzati <span class=\"_ _10\"> </span>applicando <span class=\"_ _10\"> </span>il <span class=\"_ _8\"> </span>modello <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> immateriale <span class=\"_ _e\"> </span>previsto <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>all\u2019interpretazio<span class=\"_ _3\"></span>ne <span class=\"_ _d\"> </span>Ifric <span class=\"_ _e\"> </span>12, <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>ritenuto <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"> </span>concessori <span class=\"_ _d\"> </span>sottostanti <span class=\"_ _e\"> </span>non garantissero <span class=\"_ _6\"></span>l\u2019esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"> </span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>concessionario <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>contanti, <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 finanziarie. <span class=\"_ _d\"> </span>Sono <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _d\"> </span>come <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>clienti <span class=\"_ _d\"> </span>i <span class=\"_ _f\"> </span>servizi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _e\"> </span>e miglioria <span class=\"_ _5\"></span>svolti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>concedente. <span class=\"_ _5\"></span>Dal <span class=\"_ _5\"></span>momento <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>gran <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>appaltati <span class=\"_ _5\"></span>esternamente e <span class=\"_ _7\"></span>che sulle <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _d\"> </span>svolte <span class=\"_ _f\"> </span>internamente <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>individuabile <span class=\"_ _d\"> </span>separatamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>margine <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>commessa <span class=\"_ _d\"> </span>dai benefici <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>tariffa <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>remunerazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio, <span class=\"_ _6\"></span>ta<span class=\"_ _5\"></span>li <span class=\"_ _6\"></span>infrastrutture <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>su<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi effettivamente soste<span class=\"_ _3\"></span>nuti. Tale <span class=\"_ _7\"></span>categoria <span class=\"_ _7\"></span>ricomprende <span class=\"_ _7\"></span>inoltre <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>est<span class=\"_ _3\"></span>ensioni <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>ammodernamenti <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>infrastrutture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>ropriet\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 patrimoniali <span class=\"_ _5\"></span>(cosiddette <span class=\"_ _7\"></span>s<span class=\"ff5\">ociet\u00e0 <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>asset, <span class=\"_ _7\"></span>costituite <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _5\"></span>dell<span class=\"_ _5\"></span>\u2019art. <span class=\"_ _5\"></span>113 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>D.Lgs. <span class=\"_ _5\"></span>267/00),<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>gestite <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>in forza <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ffitto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ramo <span class=\"_ _f\"> </span>d\u2019azienda. <span class=\"_ _e\"> </span>Tali <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>ontratti, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fissare <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>corrispettivi <span class=\"_ _d\"> </span>dovuti, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>anche clausole <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>restituzione <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>beni, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>normale <span class=\"_ _10\"> </span>stato <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>manutenzione, <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ietro <span class=\"_ _4\"> </span>corresponsione <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>conguaglio corrispondente <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>netto <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontabile <span class=\"_ _6\"></span>degli <span class=\"_ _e\"> </span>stessi <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>industriale <span class=\"_ _6\"></span>residuo <span class=\"_ _e\"></span>(tenuto <span class=\"_ _e\"></span>conto <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>fondi ripristino). L\u2019ammortamento di tali diritti<span class=\"_ _3\"></span> viene effettuato in base alla vita <span class=\"_ _3\"></span>economico<span class=\"_ _5\"></span><span class=\"ff1\">-tecnica dei singoli beni, anche a fronte delle<span class=\"_ _3\"></span> </span>normative di r<span class=\"_ _5\"></span>iferimento che prevedono<span class=\"_ _5\"></span>, in <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>cambio del <span class=\"_ _5\"></span>gestore del servizio<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>un indennizzo al <span class=\"_ _5\"></span>gestore uscente<span class=\"_ _75\"> </span> 298<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>pari al <span class=\"_ _5\"></span>Valore industriale residuo (<span class=\"_ _5\"></span>Vir) per i <span class=\"_ _5\"></span>beni realizzati <span class=\"_ _5\"></span>in regime di <span class=\"_ _5\"></span>propriet\u00e0, o <span class=\"_ _5\"></span>al Valore netto <span class=\"_ _5\"></span>contabile (Vnc) per i beni realizzati in regime<span class=\"_ _3\"></span> di contratto di affi<span class=\"_ _3\"></span>tto di ramo d\u2019aziend<span class=\"_ _3\"></span>a.<span class=\"_ _75\"> </span> <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>immateriali <span class=\"_ _7\"></span>rilevate <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>un\u2019aggrega<span class=\"_ _3\"></span>zione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>iscritt<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>separatamente <span class=\"_ _7\"></span>dall\u2019avviamento se <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>loro <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>determinato <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odo <span class=\"_ _7\"></span>attendibile <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>ammortizzate <span class=\"_ _7\"></span>lungo <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>ita <span class=\"_ _7\"></span>utile <span class=\"_ _7\"></span>stimata <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>sede <span class=\"_ _7\"></span>di acquisizione. La attivit\u00e0 immateriali sono esposte a<span class=\"_ _5\"></span>l lordo dei contributi in conto impianti che sono rilevati a conto economico lungo<span class=\"_ _3\"></span> il <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>necessario <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>correlarli <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>relativi <span class=\"_ _e\"></span>costi; <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>situazione <span class=\"_ _e\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>rappresentati iscrivendo il contri<span class=\"_ _3\"></span>buto come ricavo differit<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> Di seguito sono riporta<span class=\"_ _3\"></span>te le aliquote utilizza<span class=\"_ _3\"></span>te per l\u2019ammortamento <span class=\"_ _3\"></span>delle attivit\u00e0 immateriali:<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span>CATEGORIA ALIQUOTE Applicativi informati<span class=\"_ _3\"></span>ci 20,0% Brevetti e marchi<span class=\"_ _3\"></span> 10,0% Fabbricati in conce<span class=\"_ _3\"></span>ssione 1,8% - 3,5%<span class=\"_ _75\"> </span> Impianti di distribuzio<span class=\"_ _3\"></span>ne in concession<span class=\"_ _3\"></span>e 1,8% - 10,0% Altri impianti in c<span class=\"_ _3\"></span>oncessione 2,5% - 12,5% Attrezzature in c<span class=\"_ _3\"></span>oncessione 12,5%<span class=\"_ _75\"> </span> C<span class=\"_ _3\"></span>os<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>acq<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>nuo<span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>con<span class=\"_ _1\"></span>tra<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span><span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>I <span class=\"_ _e\"></span>costi <span class=\"_ _e\"></span>incrementali, <span class=\"_ _6\"></span>rappresentati <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>provvigioni <span class=\"_ _e\"></span>riconosciute<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>ad <span class=\"_ _e\"></span>agenti <span class=\"_ _e\"> </span>per </span></span>l\u2019acquisizione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>nuovi <span class=\"_ _7\"></span>contratti, <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ilevati <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>immateriali <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>ammortizzati <span class=\"_ _7\"></span>secondo <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>vita <span class=\"_ _6\"></span>utile<span class=\"_ _3\"></span> media <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>clientela <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>cquisita <span class=\"_ _5\"></span>(churn <span class=\"_ _5\"></span>rate). <span class=\"_ _7\"></span>A <span class=\"_ _7\"></span>tal <span class=\"_ _7\"></span>fine <span class=\"_ _5\"></span>vengono <span class=\"_ _7\"></span>individuate <span class=\"_ _5\"></span>esclusivamente <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>tipologie <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>provvigioni relative a nuovi cli<span class=\"_ _3\"></span>enti non presenti nella cu<span class=\"_ _3\"></span>stomer base del Gruppo. A<span class=\"_ _3\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>im<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>se <span class=\"_ _e\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _d\"> </span></span>L\u2019eventuale <span class=\"_ _e\"> </span>differenza <span class=\"_ _d\"> </span>positiva <span class=\"_ _d\"> </span>tra <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>osto <span class=\"_ _e\"> </span>dell\u2019operazione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>value <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ata <span class=\"_ _d\"> </span>di<span class=\"_ _3\"></span> </span>ottenimento <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>controllo <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>acquisite <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttribuita <span class=\"_ _5\"></span>all\u2019avviamento<span class=\"_ _7\"></span><span class=\"ff1 ls16\">. <span class=\"_ _7\"></span><span class=\"ls0\">Nel <span class=\"_ _5\"></span>caso<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>cui <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>pro<span class=\"_ _3\"></span>cesso <span class=\"_ _7\"></span>di </span></span>allocazione <span class=\"_ _8\"> </span>del <span class=\"_ _2\"> </span>prezzo <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>acquisto <span class=\"_ _2\"> </span>determini <span class=\"_ _8\"> </span>l\u2019evidenziazione <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>un <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>ifferenzial<span class=\"_ _3\"></span>e <span class=\"_ _2\"> </span>negativo, <span class=\"_ _2\"> </span>lo <span class=\"_ _8\"> </span>s<span class=\"_ _5\"></span>tesso <span class=\"_ _8\"> </span>viene immediatamente <span class=\"_ _5\"></span>imputato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione. <span class=\"_ _6\"></span><span class=\"ff5\">Ai<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>fini <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>determinazione <span class=\"_ _5\"></span>dell\u2019avviamento </span>o <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>differenziale <span class=\"_ _7\"></span>negativo, <span class=\"_ _5\"></span>all\u2019interno <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>dell\u2019operazione<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>anche <span class=\"_ _5\"></span>considerata <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value delle opzioni di vendi<span class=\"_ _3\"></span>ta attribuite ai soci di mi<span class=\"_ _3\"></span>noranza sulle propri<span class=\"_ _3\"></span>e quote partecipative.<span class=\"_ _5\"></span> Eventuali <span class=\"_ _6\"></span>corrispettivi <span class=\"_ _6\"></span>sottoposti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>condizione, <span class=\"_ _e\"></span>anche <span class=\"_ _6\"></span>correlati <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>risultati <span class=\"_ _6\"></span>futuri <span class=\"_ _6\"></span>(earn<span class=\"_ _5\"></span>-out), <span class=\"_ _6\"></span>risultanti <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>contratto <span class=\"_ _6\"></span>di aggregazione <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>impresa <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>valutati <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fair <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>data <span class=\"_ _d\"> </span>di  acq<span class=\"_ _3\"></span>uisizione <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>consider<span class=\"_ _3\"></span>ati <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>dei corrispettivi trasferiti<span class=\"_ _3\"></span> per l\u2019operazione di aggreg<span class=\"_ _3\"></span>azione ai fini della<span class=\"_ _3\"></span> determinazione dell\u2019avvi<span class=\"_ _3\"></span>amento. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Le <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>nteressenze <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>terzi <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>acquisizione <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>valutate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ppure <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>ba<span class=\"_ _3\"></span>se <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>pro<span class=\"_ _7\"></span>-quota <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valor<span class=\"_ _3\"></span>e delle  attivit\u00e0  nette  dell\u2019impresa  acquisita.  La  scelta  del <span class=\"_ _4\"> </span>metodo  di  valutazione  viene  definito  per  ogni  singola transazione. P<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>e  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>val<span class=\"_ _1\"></span>ore<span class=\"_ _1\"></span>  (i<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>)  <span class=\"ff5\">\u2013<span class=\"ff1\">  A<span class=\"_ _1\"></span>i  fi<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>de<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>a  d<span class=\"_ _3\"></span>et<span class=\"_ _1\"></span>erm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _3\"></span>  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>eve<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>  pe<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>  di<span class=\"_ _3\"></span>  v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>or<span class=\"_ _3\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span>il  Gruppo  prende  in </span></span>considerazione <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _6\"></span>contabile <span class=\"_ _e\"></span>degli <span class=\"_ _e\"></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>macc<span class=\"_ _3\"></span>hinari<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>diritti <span class=\"_ _6\"> </span>d\u2019uso <span class=\"_ _e\"> </span>e <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>immateriali </span>confrontandolo  con  <span class=\"ff5\">l\u2019ammo<span class=\"_ _3\"></span>ntare  recuperabile  di  ta<span class=\"_ _3\"></span>li  attivit\u00e0  per  det<span class=\"_ _3\"></span>erminare  l\u2019importo <span class=\"_ _4\"> </span><span class=\"ff1\">di  eventuali  svalutazioni<span class=\"ls1e\">. </span></span></span>L\u2019ammontare <span class=\"_ _e\"> </span>recuperabile <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span><span class=\"ff1\">calcolato <span class=\"_ _e\"> </span>come <span class=\"_ _d\"> </span></span>valore <span class=\"_ _e\"> </span>d\u2019uso. <span class=\"_ _d\"> </span>Dove <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"> </span>possibile <span class=\"_ _e\"> </span>stimare <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _d\"> </span>recuperabile <span class=\"_ _e\"> </span>di un\u2019attivit\u00e0 individualmente, i<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>Gruppo effettua <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>stima del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>recuperabile dell\u2019unit\u00e0 <span class=\"_ _5\"></span>generatrice di <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>finanziari cui l\u2019attivit\u00e0 appartien<span class=\"_ _3\"></span>e. I flussi di cassa futuri sono attualizz<span class=\"_ _3\"></span>ati a un tasso di sconto (al netto delle<span class=\"_ _3\"></span> imposte) che rifle<span class=\"_ _7\"></span><span class=\"ff1\">tte </span>la valutazione corrente<span class=\"_ _3\"></span> del mercato e tiene c<span class=\"_ _3\"></span>onto dei rischi conn<span class=\"_ _3\"></span>essi alla specifica attivi<span class=\"_ _3\"></span>t\u00e0 aziendale.<span class=\"_ _5\"></span> P<span class=\"_ _3\"></span>ar<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>va<span class=\"_ _3\"></span>lu<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span> il<span class=\"_ _3\"></span> me<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>do<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span> n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> <span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>Le partecipazioni iscritte in <span class=\"_ _5\"></span>questa voce si riferiscono a </span></span>investimenti <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"> </span>carattere <span class=\"_ _e\"> </span>durevole <span class=\"_ _d\"> </span>in <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"> </span>collegate <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>joint <span class=\"_ _d\"> </span>venture.<span class=\"_ _5\"></span><span class=\"ff3\"> <span class=\"_ _d\"> </span><span class=\"ff5\">L\u2019eccedenza <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>costo <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>acquisizione </span></span>rispetto  alla  percentual<span class=\"_ _3\"></span>e  spettante  al  Gruppo  del  v<span class=\"_ _3\"></span>alore  corrente  delle  attivit\u00e0,  passi<span class=\"_ _3\"></span>vit\u00e0  e  passivit\u00e0  potenziali<span class=\"_ _3\"></span> identificabili della so<span class=\"_ _3\"></span>ciet\u00e0 alla data di a<span class=\"_ _3\"></span>cquisizione \u00e8 riconosciut<span class=\"_ _3\"></span>o come avviamento. <span class=\"_ _5\"></span> A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>pa<span class=\"_ _3\"></span>rt<span class=\"_ _1\"></span>eci<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>az<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span></span>Appartengono <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>questa <span class=\"_ _5\"></span>categoria <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>partecipazio<span class=\"_ _3\"></span>ni <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>rientranti <span class=\"_ _5\"></span>nell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consolidamento, </span>incluse le partecipazioni in societ\u00e0 c<span class=\"_ _5\"></span>ontrollate, collegate e joint venture la cui <span class=\"_ _5\"></span>entit\u00e0 \u00e8 irrilevante. Per tali <span class=\"_ _5\"></span>investiment<span class=\"_ _7\"></span><span class=\"ls23\">i, </span>al <span class=\"_ _8\"> </span>momento <span class=\"_ _10\"> </span>della <span class=\"_ _8\"> </span>rilevazione <span class=\"_ _8\"> </span>inizia<span class=\"_ _3\"></span>le, <span class=\"_ _8\"> </span>viene <span class=\"_ _10\"> </span>specificatamente <span class=\"_ _8\"> </span>previsto <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>modo <span class=\"_ _8\"> </span>irrevocab<span class=\"_ _3\"></span>ile <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>le <span class=\"_ _10\"> </span>variazioni successive <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>f<span class=\"_ _5\"></span>air <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _7\"></span>rilevate <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>componenti <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mplessivo<span class=\"_ _3\"></span>; <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>caso <span class=\"_ _7\"></span>contrario <span class=\"_ _6\"></span>le variazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>periodicamente <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>rischio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>erivante <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>perdi<span class=\"_ _3\"></span>te eccedenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>car<span class=\"_ _5\"></span>ico d<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>partecipazione \u00e8 <span class=\"_ _7\"></span>rilevato <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>apposito <span class=\"_ _5\"></span>fondo <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>misura <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>partecipante <span class=\"_ _5\"></span>\u00e8 impegnata <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>adempiere <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>obbligazioni <span class=\"_ _5\"></span>legali <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>implicite <span class=\"_ _5\"></span>nei <span class=\"_ _5\"></span>confronti <span class=\"_ _7\"></span>dell\u2019impresa <span class=\"_ _5\"></span>partecipata <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>comunque <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>coprire le sue perdite. <div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">299<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y173 ff3 fs1 fc1 sc0 ls0 ws0\">A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>fi<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>nz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _e\"></span><span class=\"ff1\">Il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"> </span>classifica <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>finanziarie <span class=\"_ _e\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>del <span class=\"_ _e\"> </span>modello <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>business <span class=\"_ _e\"></span>adottato <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>la </span></div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">gestione <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>stesse <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>caratteristiche <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>finanziari <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontrattuali. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>con<span class=\"_ _3\"></span>dizioni </div><div class=\"t m0 x23 h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">precedenti le attivit\u00e0 <span class=\"_ _3\"></span>finanziarie vengono<span class=\"_ _3\"></span> successivamente val<span class=\"_ _3\"></span>utate al:<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a y2a7 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">costo ammortizzato; </span></span></div><div class=\"t m0 x23 h5a y79a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fair value rilevato nel<span class=\"_ _3\"></span>le altre componenti di <span class=\"_ _3\"></span>conto economico comples<span class=\"_ _3\"></span>sivo;<span class=\"_ _5\"></span> </span></span></div><div class=\"t m0 x23 h5a yb59 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">fair value rilevato nel<span class=\"_ _3\"></span>l\u2019utile (perdita) d\u2019eserc<span class=\"_ _3\"></span>izio.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span></div><div class=\"t m0 x63 h3 yb5a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 ycf1 ff1 fs1 fc1 sc0 ls0 ws0\">Il management determ<span class=\"_ _3\"></span>ina la classificazion<span class=\"_ _3\"></span>e delle stesse irrevoc<span class=\"_ _3\"></span>abilmente al momento d<span class=\"_ _3\"></span>ella loro prima iscrizio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span> </div><div class=\"t m0 x23 h3 y145b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y10ec ff3 fs1 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _d\"> </span><span class=\"ff1\">In <span class=\"_ _e\"> </span>tale <span class=\"_ _e\"> </span>categoria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"> </span>incluse <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>at<span class=\"_ _5\"></span>tivit\u00e0 <span class=\"_ _6\"></span>non <span class=\"_ _e\"> </span>rappresentate <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"> </span>derivati <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>non </span></div><div class=\"t m0 x23 h3 y10ed ff1 fs1 fc1 sc0 ls0 ws0\">quotate <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>merc<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>attivo, <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttesi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>agamenti <span class=\"_ _5\"></span>fissi <span class=\"_ _7\"></span>o<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>determinabili. <span class=\"_ _7\"></span>Dal<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span>momento <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odello <span class=\"_ _7\"></span>di<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h3 y144c ff1 fs1 fc1 sc0 ls0 ws0\">business <span class=\"_ _f\"> </span>generalmente <span class=\"_ _f\"> </span>adottato <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>prevede <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>detenere <span class=\"_ _f\"> </span>tali <span class=\"_ _f\"> </span>strumenti  fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _f\"> </span>unicamente <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>di </div><div class=\"t m0 x23 h3 yb18 ff1 fs1 fc1 sc0 ls0 ws0\">incassare <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>finanziari <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrattuali, <span class=\"_ _5\"></span>essi <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>valutati <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>ammortizzato <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>todo <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i </div><div class=\"t m0 x23 h3 yb89 ff1 fs1 fc1 sc0 ls0 ws0\">interesse <span class=\"_ _e\"> </span>effettivo. <span class=\"_ _d\"> </span>Il <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"> </span>delle <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>ridotto <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>considerazione <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>erdite <span class=\"_ _e\"></span>attese <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _e\"> </span>informazioni, </div><div class=\"t m0 x23 h3 yb8a ff1 fs1 fc1 sc0 ls0 ws0\">disponibili senza one<span class=\"_ _3\"></span>ri o sforzi irragionevoli<span class=\"_ _3\"></span>, che includono dati s<span class=\"_ _3\"></span>torici, attuali e prosp<span class=\"_ _3\"></span>ettici.<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span> </div><div class=\"t m0 x23 h3 yb8b ff1 fs1 fc1 sc0 ls0 ws0\">Le p<span class=\"_ _5\"></span>erdite di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>determinat<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>attraverso impairment <span class=\"_ _5\"></span>test sono <span class=\"_ _5\"></span>rilevate a<span class=\"_ _5\"></span> conto <span class=\"_ _5\"></span>economico, cos\u00ec <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>gli eventuali </div><div class=\"t m0 x23 h3 yb8c ff1 fs1 fc1 sc0 ls0 ws0\">successivi ripristini di <span class=\"_ _3\"></span>valore.  </div><div class=\"t m0 x23 h3 ya8b ff1 fs1 fc1 sc0 ls0 ws0\">Tali <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>classificate <span class=\"_ _7\"></span>come <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti, <span class=\"_ _7\"></span>salvo <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>ote <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>superiore <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>12 <span class=\"_ _7\"></span>mesi, <span class=\"_ _7\"></span>che </div><div class=\"t m0 x23 h3 y38f ff1 fs1 fc1 sc0 ls0 ws0\">vengono incluse tra l<span class=\"_ _3\"></span>e attivit\u00e0 non correnti. </div><div class=\"t m0 x23 h43 y241 ff5 fs1 fc1 sc0 ls0 ws0\">Sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categor<span class=\"_ _3\"></span>ia, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>dall\u2019interpreta<span class=\"_ _3\"></span>zione <span class=\"_ _6\"></span>Ifric <span class=\"_ _6\"></span>12, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>correl<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quei </div><div class=\"t m0 x23 h3 y242 ff1 fs1 fc1 sc0 ls0 ws0\">servizi <span class=\"_ _6\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>concessione <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _e\"></span>quali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"></span>contrattuale <span class=\"_ _6\"></span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>disponibilit\u00e0 </div><div class=\"t m0 x23 h3 y243 ff1 fs1 fc1 sc0 ls0 ws0\">liquide <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncedente <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>costruzione <span class=\"_ _5\"></span>resi. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>financial <span class=\"_ _5\"></span>asset <span class=\"_ _5\"></span>model <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>utilizzato <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>contratti </div><div class=\"t m0 x23 h43 y244 ff5 fs1 fc1 sc0 ls0 ws0\">riguardanti l\u2019erogazione<span class=\"_ _3\"></span> di servizi di <span class=\"_ _5\"></span>pubblica illumina<span class=\"_ _3\"></span>zione, in considerazione delle caratteristic<span class=\"_ _3\"></span>he degli stessi, nel cui </div><div class=\"t m0 x23 h3 ybf6 ff1 fs1 fc1 sc0 ls0 ws0\">ambito <span class=\"_ _4\"> </span>s<span class=\"_ _5\"></span>empre <span class=\"_ _4\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>spesso <span class=\"_ _4\"> </span>il <span class=\"_ _10\"> </span>concedente <span class=\"_ _10\"> </span>g<span class=\"_ _3\"></span>arantisce <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>concessionario <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>importo <span class=\"_ _4\"> </span>determinato, <span class=\"_ _10\"> </span>o <span class=\"_ _4\"> </span>comunque </div><div class=\"t m0 x23 h43 y1ae ff5 fs1 fc1 sc0 ls0 ws0\">attendibilmente <span class=\"_ _e\"> </span>determinabile, <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>funzione <span class=\"_ _e\"> </span>dello <span class=\"_ _d\"> </span>sfruttamento <span class=\"_ _d\"> </span>dell\u2019infrastruttura <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>parte <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>cliente <span class=\"_ _d\"> </span>finale. <span class=\"_ _d\"> </span>In </div><div class=\"t m0 x23 h43 ybf7 ff5 fs1 fc1 sc0 ls0 ws0\">applicazione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ale <span class=\"_ _d\"> </span>modello, <span class=\"_ _d\"> </span>viene <span class=\"_ _d\"> </span>rilevata <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>bilancio <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>finanziaria <span class=\"_ _d\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>concedente <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>un </div><div class=\"t m0 x23 h3 ybf8 ff1 fs1 fc1 sc0 ls0 ws0\">ammontare pari al fair <span class=\"_ _3\"></span>value dei servizi di co<span class=\"_ _3\"></span>struzione resi.<span class=\"_ _75\"> </span></div><div class=\"t m0 x23 h3 y1b1 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y3ed ff3 fs1 fc1 sc0 ls0 ws0\">A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>ie a<span class=\"_ _3\"></span>l f<span class=\"_ _3\"></span>ai<span class=\"_ _1\"></span>r v<span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e r<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span>vat<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> n<span class=\"_ _3\"></span>el<span class=\"_ _3\"></span>le<span class=\"_ _1\"></span> alt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ti d<span class=\"_ _3\"></span>i c<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ssi<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>Rientrano in <span class=\"_ _5\"></span>tale </span></span></div><div class=\"t m0 x23 h3 y3ee ff1 fs1 fc1 sc0 ls0 ws0\">categoria <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>attivit\u00e0, <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>iverse <span class=\"_ _e\"> </span>dagli <span class=\"_ _d\"> </span>strumenti <span class=\"_ _d\"> </span>derivati, <span class=\"_ _d\"> </span>possedute <span class=\"_ _e\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>fine <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>percepire <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>finanziari </div><div class=\"t m0 x23 h3 y1b4 ff5 fs1 fc1 sc0 ls0 ws0\">contrattuali (rappres<span class=\"_ _3\"></span>entati da pagamenti d<span class=\"_ _3\"></span>el capitale e dell\u2019intere<span class=\"_ _3\"></span>sse) oppure per la mo<span class=\"_ _3\"></span>netizzazione tramite v<span class=\"_ _3\"></span>endita.<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h43 ybf9 ff5 fs1 fc1 sc0 ls0 ws0\">Tali <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>quest\u2019ultimo <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>facendo <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>prezzi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>mercato <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di </div><div class=\"t m0 x23 h3 ydb5 ff1 fs1 fc1 sc0 ls0 ws0\">bilancio <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>tecniche <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>modelli <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>finanzia<span class=\"_ _3\"></span>ria. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>classificazione, <span class=\"_ _6\"></span>quale <span class=\"_ _6\"></span>attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>corrente <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>non </div><div class=\"t m0 x23 h3 y1b7 ff1 fs1 fc1 sc0 ls0 ws0\">corrente, <span class=\"_ _6\"></span>dipend<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>intenzio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>manageme<span class=\"_ _3\"></span>nt <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>reale <span class=\"_ _6\"></span>negoziabilit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>titolo <span class=\"_ _6\"></span>stesso: <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le </div><div class=\"t m0 x23 h3 ydb6 ff1 fs1 fc1 sc0 ls0 ws0\">attivit\u00e0 correnti qu<span class=\"_ _3\"></span>elle il cui realizzo \u00e8 atteso n<span class=\"_ _3\"></span>ei successivi 12 mesi.</div><div class=\"t m0 x23 h3 ydb7 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c ydb8 ff10 fs1 fc1 sc0 ls0 ws0\">A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>fi<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>nz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fa<span class=\"_ _3\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>val<span class=\"_ _1\"></span>ue<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>ri<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span>va<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>n<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>l\u2019u<span class=\"_ _1\"></span>til<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>(p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>a) <span class=\"_ _5\"></span>d\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>ciz<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"ff3\"> <span class=\"_ _6\"></span><span class=\"ff1\">Tale <span class=\"_ _5\"></span>categoria <span class=\"_ _7\"></span>include <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>finanziarie </span></span></span></div><div class=\"t m0 x23 h3 ydb9 ff1 fs1 fc1 sc0 ls0 ws0\">acquisite <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scopo <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>negoziazione <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>bre<span class=\"_ _3\"></span>ve <span class=\"_ _7\"></span>termine, <span class=\"_ _7\"></span>oltre <span class=\"_ _6\"></span>agl<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>quali <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>rimanda <span class=\"_ _6\"></span>all<span class=\"_ _3\"></span>o <span class=\"_ _7\"></span>specifico </div><div class=\"t m0 x23 h3 ydba ff1 fs1 fc1 sc0 ls0 ws0\">paragrafo successiv<span class=\"_ _3\"></span>o.  </div><div class=\"t m0 x23 h3 ydbb ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>tali <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _6\"></span>viene <span class=\"_ _e\"> </span>determinato <span class=\"_ _e\"> </span>facendo <span class=\"_ _e\"> </span>riferimento <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>mercato <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>chiusura <span class=\"_ _e\"> </span>del </div><div class=\"t m0 x23 h3 ydbc ff1 fs1 fc1 sc0 ls0 ws0\">periodo <span class=\"_ _5\"></span>oggetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>rilevazione. <span class=\"_ _5\"></span>La <span class=\"_ _7\"></span>classificazione <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>corrente <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>non <span class=\"_ _5\"></span>corrente <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>flette <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>attese <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>management<span class=\"_ _7\"></span><span class=\"ff16\"> <span class=\"_ _7\"></span></span>circa<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h3 ydbd ff1 fs1 fc1 sc0 ls0 ws0\">la <span class=\"_ _7\"></span>loro <span class=\"_ _5\"></span>negoziazione: <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>incluse <span class=\"_ _7\"></span>tra <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>quelle <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>cui <span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>goziazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ntro <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>12 <span class=\"_ _7\"></span>mesi <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>quelle </div><div class=\"t m0 x23 h3 ydbe ff1 fs1 fc1 sc0 ls0 ws0\">identificate come deten<span class=\"_ _3\"></span>ute a scopo di negozi<span class=\"_ _3\"></span>azione. </div><div class=\"t m0 x23 h3 ydbf ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c ydc0 ff3 fs1 fc1 sc0 ls0 ws0\">D<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _e\"> </span>liq<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>id<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>me<span class=\"_ _3\"></span>zz<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>eq<span class=\"_ _3\"></span>ui<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i <span class=\"_ _e\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _d\"> </span><span class=\"ff1\">La <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>oce <span class=\"_ _d\"> </span>relativa <span class=\"_ _e\"> </span>alle <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>isponibilit\u00e0 <span class=\"_ _e\"></span>liquide <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>mezzi <span class=\"_ _e\"> </span>equivalenti <span class=\"_ _d\"> </span>include </span></div><div class=\"t m0 x23 h3 ydc1 ff1 fs1 fc1 sc0 ls0 ws0\">cassa, <span class=\"_ _d\"> </span>conti <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>bancari <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>depositi <span class=\"_ _d\"> </span>rimborsabili <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>domanda <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ltri <span class=\"_ _d\"> </span>investimenti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>breve <span class=\"_ _d\"> </span>termine <span class=\"_ _f\"> </span>a </div><div class=\"t m0 x23 h3 ydc2 ff1 fs1 fc1 sc0 ls0 ws0\">elevata  liquidit\u00e0  che  sono  prontamente  convertibili  in  cassa  e<span class=\"_ _5\"></span>  sono  soggetti  a  un <span class=\"_ _4\"> </span>rischio  non <span class=\"_ _4\"> </span>significativo  di </div><div class=\"t m0 x23 h3 ydc3 ff1 fs1 fc1 sc0 ls0 ws0\">variazione di valore. </div><div class=\"t m0 x23 h3 ydc4 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c ydc5 ff3 fs1 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>co<span class=\"_ _1\"></span>mm<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013</span><span class=\"fs7\"> <span class=\"_ _d\"> </span></span><span class=\"ff1\">Si <span class=\"_ _e\"> </span>riferiscono <span class=\"_ _e\"> </span>ad <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"></span>commerciali <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>fornitura <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>beni <span class=\"_ _d\"> </span>e </span></div><div class=\"t m0 x23 h3 ydc6 ff1 fs1 fc1 sc0 ls0 ws0\">servizi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>ammortizzato <span class=\"_ _7\"></span>rettificato per <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>perdite <span class=\"_ _5\"></span>attese <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Tali <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>liminate d<span class=\"_ _5\"></span>al </div><div class=\"t m0 x23 h3 ydc7 ff1 fs1 fc1 sc0 ls0 ws0\">bilancio in caso di ce<span class=\"_ _3\"></span>ssione che trasferisca a<span class=\"_ _3\"></span> terzi tutti i rischi e b<span class=\"_ _3\"></span>enefici connessi alla loro<span class=\"_ _3\"></span> gestione.<span class=\"_ _75\"> </span><span class=\"_ _7\"></span> </div><div class=\"t m0 x23 h3 ydc8 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c ydc9 ff3 fs1 fc1 sc0 ls0 ws0\">A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>iv<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i <span class=\"ff5\">\u2013</span><span class=\"fs7\"> </span><span class=\"ff1\">Sono iscritte <span class=\"_ _3\"></span>al valore nominale eventual<span class=\"_ _3\"></span>mente rettificato per perdite di valore, cor<span class=\"_ _3\"></span>rispondente </span></div><div class=\"t m0 x23 h3 ydca ff1 fs1 fc1 sc0 ls0 ws0\">al costo ammortizzato. </div><div class=\"t m0 x23 h3 y6e2 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y1d5 ff3 fs1 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>am<span class=\"_ _1\"></span>bi<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>li <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _d\"> </span>I<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>so<span class=\"_ _5\"></span>ggetto <span class=\"_ _e\"></span>alle <span class=\"_ _d\"> </span>diverse <span class=\"_ _e\"> </span>normative <span class=\"_ _d\"> </span>emanate <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>ambito <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>mbientale <span class=\"_ _e\"></span>che <span class=\"_ _d\"> </span>prevedono <span class=\"_ _d\"> </span>il<span class=\"_ _3\"></span> </span></span></div><div class=\"t m0 x23 h43 y10e3 ff5 fs1 fc1 sc0 ls0 ws0\">rispetto <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>vincoli  pr<span class=\"_ _3\"></span>efissati <span class=\"_ _f\"> </span>attraverso  l<span class=\"_ _3\"></span>\u2019utilizzo <span class=\"_ _f\"> </span>di  c<span class=\"_ _3\"></span>ertificati <span class=\"_ _f\"> </span>o  tit<span class=\"_ _3\"></span>oli. <span class=\"_ _f\"> </span>Il  Grupp<span class=\"_ _3\"></span>o <span class=\"_ _f\"> </span>\u00e8  quindi <span class=\"_ _f\"> </span>tenuto <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>soddisfare <span class=\"_ _f\"> </span>un </div><div class=\"t m0 x23 h3 yf28 ff1 fs1 fc1 sc0 ls0 ws0\">fabbisogno <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>termini <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>certificati <span class=\"_ _f\"> </span>grigi <span class=\"_ _d\"> </span>(emission <span class=\"_ _f\"> </span>trading) <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>certificati <span class=\"_ _f\"> </span>bianchi <span class=\"_ _f\"> </span>(titoli <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>efficienza <span class=\"_ _f\"> </span>energetica). <span class=\"_ _d\"> </span>Lo </div><div class=\"t m0 x23 h3 yf29 ff5 fs1 fc1 sc0 ls0 ws0\">sviluppo dei <span class=\"_ _5\"></span>mercati sui <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>questi titoli/certificati sono trattati ha <span class=\"_ _5\"></span>inoltre <span class=\"_ _5\"></span>permesso l\u2019avvio di <span class=\"_ _5\"></span>un\u2019attivit\u00e0 di <span class=\"_ _5\"></span>trading.<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>La </span></div><div class=\"t m0 x23 h3 y10e4 ff1 fs1 fc1 sc0 ls0 ws0\">valutazione dei titoli <span class=\"_ _3\"></span>\u00e8 effettuata in relazi<span class=\"_ _3\"></span>one alla destinazione a<span class=\"_ _3\"></span> essi attribuita.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y7fc ff1 fs1 fc1 sc0 ls0 ws0\">I <span class=\"_ _6\"></span>titoli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>poss<span class=\"_ _3\"></span>eduti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>soddisfar<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>bisogno <span class=\"_ _6\"></span>azien<span class=\"_ _3\"></span>dale <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _7\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo. <span class=\"_ _6\"></span>Qualora <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>titoli <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>portaf<span class=\"_ _3\"></span>ogli<span class=\"_ _6\"></span><span class=\"ls22\">o </span></div><div class=\"t m0 x23 h3 y10e5 ff1 fs1 fc1 sc0 ls0 ws0\">non <span class=\"_ _e\"></span>fossero <span class=\"_ _e\"></span>sufficienti <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>soddisfare <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>fabbisogno <span class=\"_ _e\"></span>viene <span class=\"_ _e\"></span>iscritta <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>garantire <span class=\"_ _e\"></span>adeguata <span class=\"_ _6\"></span>copertura <span class=\"_ _e\"></span>al<span class=\"_ _75\"> </span> </div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">300</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">momento <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>consegna <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>titoli <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>gestore. <span class=\"_ _6\"></span>I <span class=\"_ _7\"></span>titoli <span class=\"_ _6\"></span>destinati <span class=\"_ _7\"></span>alla <span class=\"_ _e\"> </span>negoziazione <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>iscritti <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valuta<span class=\"_ _3\"></span>ti </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">mediante iscrizione <span class=\"_ _3\"></span>del fair value a cont<span class=\"_ _3\"></span>o economico.<span class=\"_ _75\"> </span></div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y175 ff3 fs1 fc1 sc0 ls0 ws0\">A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i d<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span>iva<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> da<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>n <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>cl<span class=\"_ _3\"></span>ie<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>i <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff1\"> La voce accoglie la rilevazione dei lavori in corso <span class=\"_ _5\"></span><span class=\"ls12\">su</span> ordinazione </span></span></div><div class=\"t m0 x1b h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">per <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onto <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>clienti<span class=\"ls1e\">. <span class=\"_ _6\"></span></span>Qua<span class=\"_ _3\"></span>ndo <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>risultato <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _7\"></span>commessa <span class=\"_ _7\"></span>pu\u00f2 <span class=\"_ _6\"></span>essere <span class=\"_ _7\"></span>stimato <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>attendibilit\u00e0,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>lavori <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>su </div><div class=\"t m0 x1b h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\">ordinazione sono valutati sulla base dei corrispettivi contratt<span class=\"_ _3\"></span>uali maturati con ragionevole certezza, secondo il criteri<span class=\"_ _3\"></span>o </div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\">della <span class=\"_ _e\"></span>percentuale <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>completamento, <span class=\"_ _e\"></span>cos\u00ec <span class=\"_ _e\"></span>da <span class=\"_ _e\"> </span>attribuire <span class=\"_ _e\"> </span>i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>risultato <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>commessa <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>singoli </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">esercizi <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mpeten<span class=\"_ _3\"></span>za, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>proporzion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>allo <span class=\"_ _6\"></span>stato <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>avanzamento <span class=\"_ _6\"></span>lavori. <span class=\"_ _6\"></span>I <span class=\"_ _7\"></span>ricavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>commessa<span class=\"_ _3\"></span>, <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>cor<span class=\"_ _3\"></span>rispettivi </div><div class=\"t m0 x1b h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">contrattuali, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>varianti, <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>revisioni <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>riconoscimento <span class=\"_ _d\"> </span>degli <span class=\"_ _f\"> </span>incentivi <span class=\"_ _e\"> </span>nella <span class=\"_ _f\"> </span>misura <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>cui <span class=\"_ _d\"> </span>\u00e8 </div><div class=\"t m0 x1b h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">probabile che essi rap<span class=\"_ _3\"></span>presentino effettiv<span class=\"_ _3\"></span>i ricavi che possano e<span class=\"_ _3\"></span>ssere determinati con atten<span class=\"_ _3\"></span>dibilit\u00e0. <span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\">Quando il ri<span class=\"_ _5\"></span>sultato di una commessa non p<span class=\"_ _5\"></span>u\u00f2 essere stimato con <span class=\"_ _5\"></span>attendibilit\u00e0, i ricavi <span class=\"_ _5\"></span>riferibili alla relativa commessa </div><div class=\"t m0 x1b h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\">sono  rilevati  solo  nei  limiti  dei  costi  di  commessa  sostenuti  che  probabilmente  saranno  r<span class=\"_ _3\"></span>ecuperati.  I  costi  di<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h43 y17e ff5 fs1 fc1 sc0 ls0 ws0\">commessa sono rileva<span class=\"_ _3\"></span>ti come spese nell\u2019eserc<span class=\"_ _3\"></span>izio nel quale essi s<span class=\"_ _3\"></span>ono sostenuti. Quando \u00e8 pr<span class=\"_ _3\"></span>obabile che i costi t<span class=\"_ _3\"></span>otali </div><div class=\"t m0 x1b h3 y17f ff1 fs1 fc1 sc0 ls0 ws0\">di commessa siano <span class=\"_ _3\"></span>superiori rispetto ai ricav<span class=\"_ _3\"></span>i contrattuali, la per<span class=\"_ _3\"></span>dita attesa \u00e8 immediat<span class=\"_ _3\"></span>amente rilevata come cost<span class=\"_ _3\"></span>o.<span class=\"_ _7\"></span> </div><div class=\"t m0 x1b h3 y180 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y181 ff3 fs1 fc1 sc0 ls0 ws0\">R<span class=\"_ _3\"></span>im<span class=\"_ _1\"></span>an<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>ze <span class=\"ff5\">\u2013<span class=\"ff1\"> </span>Le rimanenze sono iscritt<span class=\"_ _3\"></span>e al minore tra il costo d\u2019acquisto, comprensivo degli oneri accessori di diretta<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 y182 ff1 fs1 fc1 sc0 ls0 ws0\">imputazione, <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>presumibile <span class=\"_ _6\"></span>va<span class=\"_ _3\"></span>lore <span class=\"_ _6\"></span>netto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>realizzo. <span class=\"_ _6\"></span>Le <span class=\"_ _7\"></span>configurazioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>costo <span class=\"_ _6\"></span>utilizzate <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>valorizzazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>del </div><div class=\"t m0 x1b h3 y183 ff1 fs1 fc1 sc0 ls0 ws0\">magazzino sono il costo medio ponderato su base continua (utilizzato per le materie prime sussidiarie e di consumo) </div><div class=\"t m0 x1b h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\">e <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>specifico <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>imanenze. <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>giacenze <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>materiali <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>lavorazione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>osto </div><div class=\"t m0 x1b h43 y184 ff5 fs1 fc1 sc0 ls0 ws0\">medio <span class=\"_ _6\"></span>ponderato <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fabbricazione <span class=\"_ _6\"></span>dell\u2019esercizi<span class=\"_ _3\"></span>o, <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>comprende <span class=\"_ _6\"></span>le <span class=\"_ _e\"> </span>materie <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rime, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>materiali <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consumo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>costi </div><div class=\"t m0 x1b h3 y185 ff1 fs1 fc1 sc0 ls0 ws0\">diretti e indiretti di <span class=\"_ _3\"></span>produzione escluse le spes<span class=\"_ _3\"></span>e generali. </div><div class=\"t m0 x1b h3 y186 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y187 ff3 fs1 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le <span class=\"_ _d\"> </span>soc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013<span class=\"ff1\">  Il <span class=\"_ _f\"> </span>capitale <span class=\"_ _f\"> </span>sociale <span class=\"_ _f\"> </span>\u00e8  is<span class=\"_ _3\"></span>critto <span class=\"_ _f\"> </span>al  valore <span class=\"_ _f\"> </span>nominale <span class=\"_ _f\"> </span>eventualmente <span class=\"_ _f\"> </span>ridotto <span class=\"_ _f\"> </span>dei  costi <span class=\"_ _f\"> </span>direttamente </span></span></div><div class=\"t m0 x1b h3 y20c ff1 fs1 fc1 sc0 ls0 ws0\">attribuibili alle opera<span class=\"_ _3\"></span>zioni di emissione o ria<span class=\"_ _3\"></span>cquisto degli strument<span class=\"_ _3\"></span>i rappresentativi del capit<span class=\"_ _3\"></span>ale. <span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y20d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y20e ff3 fs1 fc1 sc0 ls0 ws0\">A<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>ie<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>proprie <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>imputate <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>riduzione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>patrimonio <span class=\"_ _5\"></span>netto, <span class=\"_ _7\"></span>cos\u00ec <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>differenze <span class=\"_ _5\"></span>generate </span></span></div><div class=\"t m0 x1b h3 y20f ff1 fs1 fc1 sc0 ls0 ws0\">da ulteriori operazioni i<span class=\"_ _3\"></span>n acquisto, o ven<span class=\"_ _3\"></span>dita, sono rilevate diret<span class=\"_ _3\"></span>tamente come movime<span class=\"_ _3\"></span>nti del patrimonio netto<span class=\"_ _3\"></span>.<span class=\"_ _7\"></span> </div><div class=\"t m0 x1b h3 y210 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y211 ff3 fs1 fc1 sc0 ls0 ws0\">U<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e p<span class=\"_ _1\"></span>er a<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e <span class=\"ff5\">\u2013</span> <span class=\"ff5\">L<span class=\"_ _5\"></span>\u2019utile per <span class=\"_ _5\"></span>azione \u00e8 r<span class=\"_ _5\"></span>appresentato dall\u2019utile netto <span class=\"_ _5\"></span>del periodo attribuibile a<span class=\"_ _5\"></span>gli azionisti <span class=\"_ _5\"></span>possessori di </span></div><div class=\"t m0 x1b h43 y212 ff5 fs1 fc1 sc0 ls0 ws0\">azioni <span class=\"_ _6\"></span>ordinarie <span class=\"_ _6\"> </span>tenuto <span class=\"_ _e\"> </span>conto <span class=\"_ _6\"></span>della <span class=\"_ _e\"> </span>media <span class=\"_ _6\"></span>ponderata <span class=\"_ _6\"></span>delle <span class=\"_ _6\"> </span>azioni <span class=\"_ _6\"> </span>o<span class=\"_ _5\"></span>rdinarie <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>circolazione <span class=\"_ _6\"> </span>nell\u2019esercizio. <span class=\"_ _6\"></span>L\u2019utile <span class=\"_ _6\"> </span>per </div><div class=\"t m0 x1b h3 y213 ff1 fs1 fc1 sc0 ls0 ws0\">azione <span class=\"_ _6\"></span>diluit<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>ottien<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>attraverso <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>rettifica <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>media <span class=\"_ _6\"></span>ponderata <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>circolazione, <span class=\"_ _7\"></span>per<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>ener <span class=\"_ _7\"></span>con<span class=\"_ _5\"></span>to <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i </div><div class=\"t m0 x1b h3 y214 ff1 fs1 fc1 sc0 ls0 ws0\">tutte le azioni ordinar<span class=\"_ _3\"></span>ie potenziali con eff<span class=\"_ _3\"></span>etto di diluizione. </div><div class=\"t m0 x1b h3 y215 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y216 ff3 fs1 fc1 sc0 ls0 ws0\">P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span><span class=\"ff1\">La <span class=\"_ _6\"></span>voce <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>inizialmente <span class=\"_ _7\"></span>rilevata <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrispondente<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>passivit\u00e0, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>netto<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h43 y217 ff5 fs1 fc1 sc0 ls0 ws0\">dei  costi  di  transazione  che  sono  direttamente  attri<span class=\"_ _3\"></span>buibili  all\u2019emissione  della  passivit\u00e0 <span class=\"_ _f\"> </span>st<span class=\"_ _5\"></span>essa.  A  seguito  della<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y218 ff1 fs1 fc1 sc0 ls0 ws0\">rilevazione <span class=\"_ _10\"> </span>iniziale, <span class=\"_ _10\"> </span>le <span class=\"_ _8\"> </span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _8\"> </span>fina<span class=\"_ _3\"></span>nziarie, <span class=\"_ _10\"> </span>a <span class=\"_ _8\"> </span>eccezi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>dei<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>derivati, <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>valutate <span class=\"_ _10\"> </span>con <span class=\"_ _8\"> </span>il <span class=\"_ _10\"> </span>criterio <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>osto<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h43 y219 ff5 fs1 fc1 sc0 ls0 ws0\">ammortizzato <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>metodo <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>tasso <span class=\"_ _f\"> </span>d\u2019interesse<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>effettivo <span class=\"_ _d\"> </span>originale. <span class=\"_ _f\"> </span>In <span class=\"_ _f\"> </span>caso <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>revisione <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>stime <span class=\"_ _f\"> </span>dei </div><div class=\"t m0 x1b h3 y21a ff1 fs1 fc1 sc0 ls0 ws0\">pagamenti, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>eccezioni <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>leasing, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ttifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>iscritta <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rovento <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>onere <span class=\"_ _5\"></span>a </div><div class=\"t m0 x1b h3 y21b ff1 fs1 fc1 sc0 ls0 ws0\">conto economico.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 y21c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y21d ff3 fs1 fc1 sc0 ls0 ws0\">P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013</span> <span class=\"_ _5\"></span><span class=\"ff1\">Alla data <span class=\"_ _5\"></span>di decorrenza <span class=\"_ _5\"></span>del contratto, l<span class=\"_ _5\"></span>a passivit\u00e0 per <span class=\"_ _5\"></span>leasing \u00e8 <span class=\"_ _5\"></span>calcolata come <span class=\"_ _5\"></span>valore attuale </span></div><div class=\"t m0 x1b h3 y21e ff1 fs1 fc1 sc0 ls0 ws0\">dei pagamenti dovuti<span class=\"_ _3\"></span>, attualizzati utilizza<span class=\"_ _3\"></span>ndo il tasso di finanziam<span class=\"_ _3\"></span>ento marginale.<span class=\"_ _75\"> </span> <span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y21f ff1 fs1 fc1 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>va<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>or<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>ra<span class=\"_ _1\"></span>ppr<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>il<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>t<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>med<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>cu<span class=\"_ _3\"></span>i <span class=\"_ _d\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Gr<span class=\"_ _3\"></span>up<span class=\"_ _1\"></span>po <span class=\"_ _d\"> </span>si<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>ind<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ita<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>di<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nto<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>pe<span class=\"_ _3\"></span>r <span class=\"_ _d\"> </span>sc<span class=\"_ _1\"></span>ade<span class=\"_ _1\"></span>nze<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>con<span class=\"_ _1\"></span>tr<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ual<span class=\"_ _3\"></span>i.<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>\u00c8 <span class=\"_ _d\"> </span>de<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>nat<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y220 ff1 fs1 fc1 sc0 ls0 ws0\">an<span class=\"_ _3\"></span>nu<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e in<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>se<span class=\"_ _1\"></span>de di<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>bu<span class=\"_ _1\"></span>dg<span class=\"_ _3\"></span>et<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>su<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ba<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e d<span class=\"_ _3\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>da<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>co<span class=\"_ _1\"></span>nsu<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span> deg<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> es<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>zi p<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>ced<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e vi<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ap<span class=\"_ _1\"></span>pl<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>o ai<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>rat<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> sti<span class=\"_ _1\"></span>pul<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y221 ff1 fs1 fc1 sc0 ls0 ws0\">da<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>1\u00b0<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>g<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>og<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>s<span class=\"_ _3\"></span>uc<span class=\"_ _3\"></span>ce<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>vo.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>V<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e <span class=\"_ _7\"></span>ag<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>orn<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>ne<span class=\"_ _1\"></span>l <span class=\"_ _5\"></span>cor<span class=\"_ _3\"></span>so<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>per<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>do<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>nel<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _1\"></span>aso<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>si <span class=\"_ _5\"></span>ve<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>fi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>ino<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>deg<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>sh<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ck<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y222 ff1 fs1 fc1 sc0 ls0 ws0\">na<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>ra <span class=\"_ _6\"></span>s<span class=\"_ _3\"></span>ig<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>s<span class=\"_ _3\"></span>ul<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>ta<span class=\"_ _1\"></span>sso<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>me<span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _3\"></span>o.<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>P<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>con<span class=\"_ _1\"></span>tr<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>co<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>du<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>su<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ro<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>an<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y223 ff1 fs1 fc1 sc0 ls0 ws0\">G<span class=\"_ _3\"></span>ru<span class=\"_ _3\"></span>pp<span class=\"_ _1\"></span>o u<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za <span class=\"_ _3\"></span>il<span class=\"_ _1\"></span> ta<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> in<span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>a m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o l<span class=\"_ _3\"></span>un<span class=\"_ _1\"></span>go <span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e, <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>tr<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>con<span class=\"_ _3\"></span>tr<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> du<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>i o<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>nfe<span class=\"_ _1\"></span>rio<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ai<span class=\"_ _1\"></span> q<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ro <span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>i </div><div class=\"t m0 x1b h6c y224 ff1 fs1 fc1 sc0 ls0 ws0\">vi<span class=\"_ _1\"></span>ene<span class=\"_ _3\"></span> a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o i<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _1\"></span>o a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>br<span class=\"_ _1\"></span>eve<span class=\"_ _3\"></span> t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e e<span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ui<span class=\"_ _1\"></span>val<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>te.<span class=\"_ _1\"></span><span class=\"ff3\"> </span></div><div class=\"t m0 x1b h3 y225 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y226 ff3 fs1 fc1 sc0 ls0 ws0\">B<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci a<span class=\"_ _3\"></span>i d<span class=\"_ _1\"></span>ip<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>ti <span class=\"ff5\">\u2013</span> <span class=\"ff1\">Le <span class=\"_ _5\"></span>passivit\u00e0 relative ai <span class=\"_ _5\"></span>programmi a b<span class=\"_ _5\"></span>enefici definiti (<span class=\"_ _5\"></span>quali il <span class=\"_ _5\"></span>Tfr per la <span class=\"_ _5\"></span>quota maturata <span class=\"_ _5\"></span>ante il </span></div><div class=\"t m0 x1b h3 y227 ff1 fs1 fc1 sc0 ls0 ws0\">1\u00b0 <span class=\"_ _5\"></span>gennaio 2007) <span class=\"_ _5\"></span>sono determinate <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>eventuali attivit\u00e0 <span class=\"_ _5\"></span>al servizio <span class=\"_ _5\"></span>del piano <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base di <span class=\"_ _5\"></span>ipotesi attuariali </div><div class=\"t m0 x1b h43 y228 ff5 fs1 fc1 sc0 ls0 ws0\">e per <span class=\"_ _5\"></span>competenza, coerentemente alle <span class=\"_ _5\"></span>prestazioni di <span class=\"_ _5\"></span>lavoro necessarie per l<span class=\"_ _5\"></span>\u2019ottenimento dei benefici. La <span class=\"_ _5\"></span>valutazion<span class=\"_ _3\"></span>e </div><div class=\"t m0 x1b h3 y229 ff1 fs1 fc1 sc0 ls0 ws0\">della <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>erificata <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>attuari <span class=\"_ _6\"></span>indipendenti. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>va<span class=\"_ _5\"></span>lore <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>erdite <span class=\"_ _6\"></span>attuariali <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>iscritto <span class=\"_ _6\"></span>t<span class=\"_ _5\"></span>ra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>altr<span class=\"_ _7\"></span><span class=\"lse\">e </span></div><div class=\"t m0 x1b h3 y22a ff1 fs1 fc1 sc0 ls0 ws0\">componenti <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _5\"></span>complessivo. <span class=\"_ _5\"></span>A <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>Legge <span class=\"_ _7\"></span>Finanziaria <span class=\"_ _5\"></span>296 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>27 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>2006, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>le </div><div class=\"t m0 x1b h3 y22b ff1 fs1 fc1 sc0 ls0 ws0\">societ\u00e0 con pi\u00f9 di 50 dipend<span class=\"_ _3\"></span>enti per le quote maturate a far<span class=\"_ _3\"></span> data dal 1\u00b0 gennaio 200<span class=\"_ _3\"></span>7, il Tfr si configura come piano a<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y22c ff1 fs1 fc1 sc0 ls0 ws0\">contributi definiti. </div><div class=\"t m0 x1b h3 y22d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y22e ff3 fs1 fc1 sc0 ls0 ws0\">F<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _8\"> </span><span class=\"ff1\">Gli <span class=\"_ _8\"> </span>accantonamenti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>stanzia<span class=\"_ _3\"></span>ti, <span class=\"_ _8\"> </span>sulla <span class=\"_ _10\"> </span>base <span class=\"_ _8\"> </span>della <span class=\"_ _10\"> </span>miglior <span class=\"_ _8\"> </span>stim<span class=\"_ _3\"></span>a <span class=\"_ _8\"> </span>dei <span class=\"_ _10\"> </span>costi <span class=\"_ _8\"> </span>richiesti <span class=\"_ _10\"> </span>per <span class=\"_ _8\"> </span>far <span class=\"_ _10\"> </span>fronte </span></div><div class=\"t m0 x1b h43 y22f ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019adempimento, alla d<span class=\"_ _5\"></span>ata <span class=\"_ _5\"></span>di bilancio <span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ono attualizzati <span class=\"_ _5\"></span>quando l\u2019effetto <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>significativo e <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>dispone delle <span class=\"_ _5\"></span>necessarie </div><div class=\"t m0 x1b h3 y230 ff1 fs1 fc1 sc0 ls0 ws0\">informazioni. In tal caso gli a<span class=\"_ _3\"></span>ccantonamenti sono determinat<span class=\"_ _3\"></span>i attualizzando i flussi di c<span class=\"_ _3\"></span>assa futuri a un tasso di sconto </div><div class=\"t m0 x1b h3 y231 ff5 fs1 fc1 sc0 ls0 ws0\">ante imposte che rifl<span class=\"_ _3\"></span>ette la valutazione cor<span class=\"_ _3\"></span>rente del mercato e ti<span class=\"_ _3\"></span>ene conto dei rischi <span class=\"_ _3\"></span>connessi all\u2019attivit\u00e0 azien<span class=\"_ _3\"></span>dale.<span class=\"_ _75\"> </span><span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h43 y232 ff5 fs1 fc1 sc0 ls0 ws0\">Quando <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>d\u00e0 <span class=\"_ _7\"></span>corso <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>attualizzazione, <span class=\"_ _7\"></span>l\u2019incremento <span class=\"_ _5\"></span>dell\u2019accantonamento <span class=\"_ _7\"></span>dovuto <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>trascorrere <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>tempo <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>rilevato </div><div class=\"t m0 x1b h3 y233 ff1 fs1 fc1 sc0 ls0 ws0\">tra <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>oneri <span class=\"_ _f\"> </span>finanziari. <span class=\"_ _e\"> </span>Se <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>relativa <span class=\"_ _d\"> </span>ad <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _d\"> </span>materiali <span class=\"_ _e\"> </span>(<span class=\"_ _5\"></span>es. <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ipristino <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>iti), <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>fondo <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>rilevato <span class=\"_ _d\"> </span>come<span class=\"_ _75\"> </span> </div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">301<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y172 ff5 fs1 fc1 sc0 ls0 ws0\">contropartita dell\u2019attivit<span class=\"_ _3\"></span>\u00e0 cui si riferisce e la rilevazione dell\u2019<span class=\"_ _3\"></span>onere a conto economico avvi<span class=\"_ _3\"></span>ene attraverso il processo di </div><div class=\"t m0 x23 h3 y173 ff5 fs1 fc1 sc0 ls0 ws0\">ammortamento dell\u2019imm<span class=\"_ _3\"></span>obilizzazione materi<span class=\"_ _3\"></span>ale alla quale l\u2019oner<span class=\"_ _3\"></span>e si riferisce.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y175 ff3 fs1 fc1 sc0 ls0 ws0\">D<span class=\"_ _3\"></span>eb<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>me<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li <span class=\"ff5\">\u2013</span> <span class=\"ff1\">Si ri<span class=\"_ _5\"></span>feriscono a passivit\u00e0 finanziarie derivanti da <span class=\"_ _5\"></span>rapporti commerciali di <span class=\"_ _5\"></span>fornitura e sono <span class=\"_ _5\"></span>rilevati </span></div><div class=\"t m0 x23 h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">al costo ammortizzato.<span class=\"_ _75\"> </span>  </div><div class=\"t m0 x23 h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y178 ff3 fs1 fc1 sc0 ls0 ws0\">P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _e\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>de<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>ti <span class=\"_ _e\"></span>da <span class=\"_ _e\"> </span>co<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>rat<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _e\"> </span>con<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>i <span class=\"_ _e\"></span>cli<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti <span class=\"_ _e\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>dimensione <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ccoglie <span class=\"_ _f\"> </span>gli <span class=\"_ _d\"> </span>importi <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>pagamenti<span class=\"_ _3\"></span> </span></span></div><div class=\"t m0 x23 h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">effettuati dai clienti p<span class=\"_ _3\"></span>rima che si verifichi il trasferiment<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span> dei beni o servizi oggetti <span class=\"_ _3\"></span>del contratto. La rileva<span class=\"_ _3\"></span>zione avviene </div><div class=\"t m0 x23 h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">nel <span class=\"_ _7\"></span>momento <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>effettuato <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>pagamento <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>momento <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>pagamento <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>dovuto. <span class=\"_ _7\"></span>Tale <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>rilevata </div><div class=\"t m0 x23 h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">come ricavo solo qu<span class=\"_ _3\"></span>ando <span class=\"ff5\">l\u2019obbligazione prevista dal <span class=\"_ _3\"></span>contratto viene adem<span class=\"_ _3\"></span>piuta<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span></div><div class=\"t m0 x23 h6c y17c ff3 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y17d ff3 fs1 fc1 sc0 ls0 ws0\">A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> pa<span class=\"_ _3\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _1\"></span> co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013</span> <span class=\"ff1\">Si r<span class=\"_ _5\"></span>iferiscono a <span class=\"_ _5\"></span>rapporti di varia natura <span class=\"_ _5\"></span>e sono <span class=\"_ _5\"></span>iscritte al valore nominale, <span class=\"_ _5\"></span>corrispondente al </span></div><div class=\"t m0 x23 h3 y17e ff1 fs1 fc1 sc0 ls0 ws0\">costo ammortizzato.  </div><div class=\"t m0 x23 h3 y17f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y180 ff3 fs1 fc1 sc0 ls0 ws0\">S<span class=\"_ _3\"></span>tr<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>d<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _6\"></span>Il<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>etiene <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>allo <span class=\"_ _6\"></span>scopo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>coprire <span class=\"_ _6\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>propria <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>di </span></span></div><div class=\"t m0 x23 h43 y181 ff5 fs1 fc1 sc0 ls0 ws0\">variazione dei tassi <span class=\"_ _5\"></span>d\u2019interesse, di cambio e al <span class=\"_ _5\"></span>rischio di variazione dei prezzi <span class=\"_ _5\"></span>del gas metano <span class=\"_ _5\"></span>e dell\u2019energia elettrica. </div><div class=\"t m0 x23 h3 y182 ff1 fs1 fc1 sc0 ls0 ws0\">In <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>tale <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>deve <span class=\"_ _6\"></span>gestire <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>rischi <span class=\"_ _6\"></span>legati <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>disallineame<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ndicizzazione <span class=\"_ _7\"></span>e </div><div class=\"t m0 x23 h43 y183 ff5 fs1 fc1 sc0 ls0 ws0\">prezzi <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>acquisto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>gas <span class=\"_ _7\"></span>ed <span class=\"_ _6\"></span>energ<span class=\"_ _3\"></span>ia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>indicizzazione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _7\"></span>legati <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>delle </div><div class=\"t m0 x23 h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\">medesime<span class=\"ff16\"> <span class=\"_ _6\"></span></span>commodity. <span class=\"_ _7\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>adotta <span class=\"_ _7\"></span>strumenti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ris<span class=\"_ _3\"></span>chio <span class=\"_ _6\"></span>prezzo, <span class=\"_ _7\"></span>sia <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>quanto<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y184 ff1 fs1 fc1 sc0 ls0 ws0\">riguarda <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>prezzo <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>merci <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>relativo <span class=\"_ _d\"> </span>cambio <span class=\"_ _d\"> </span>euro/dollaro, <span class=\"_ _e\"> </span>anche <span class=\"_ _d\"> </span>finalizzati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>prefissare <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>effetti <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ui </div><div class=\"t m0 x23 h3 y185 ff1 fs1 fc1 sc0 ls0 ws0\">margini di vendita in<span class=\"_ _3\"></span>dipendentemente dalle vari<span class=\"_ _3\"></span>azioni delle condizio<span class=\"_ _3\"></span>ni di mercato.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y186 ff5 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _5\"></span>riferimento ai <span class=\"_ _5\"></span>derivati su <span class=\"_ _5\"></span>commodity <span class=\"_ _5\"></span>l\u2019operativit\u00e0 \u00e8 <span class=\"_ _5\"></span>gestita t<span class=\"_ _5\"></span>ramite la <span class=\"_ _5\"></span>stipula <span class=\"_ _5\"></span>di s<span class=\"_ _5\"></span>trumenti finanziari Otc <span class=\"_ _6\"></span>\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>over <span class=\"_ _5\"></span>the </span></div><div class=\"t m0 x23 h3 y187 ff1 fs1 fc1 sc0 ls0 ws0\">counter <span class=\"_ _6\"></span>(swap <span class=\"_ _6\"></span>su <span class=\"_ _e\"></span>indici), <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>su <span class=\"_ _6\"></span>valute <span class=\"_ _6\"></span>(acquisti <span class=\"_ _e\"></span>forward <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>dollari), <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>ne<span class=\"_ _5\"></span>goziati <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>piattaforme<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y20c ff1 fs1 fc1 sc0 ls0 ws0\">regolamentate, <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _f\"> </span>tramite <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>intermediazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>prevedono <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>consegna <span class=\"_ _f\"> </span>fisica <span class=\"_ _f\"> </span>del  sotto<span class=\"_ _3\"></span>stante <span class=\"_ _10\"> </span><span class=\"ls10\">a </span></div><div class=\"t m0 x23 h3 y20d ff1 fs1 fc1 sc0 ls0 ws0\">regolazione futura (cosiddetti contratti fisi<span class=\"_ _3\"></span>ci). In particolare, il trattament<span class=\"_ _3\"></span>o contabile dei contratti fisici vari<span class=\"_ _3\"></span>a in base alla </div><div class=\"t m0 x23 h3 y20e ff5 fs1 fc1 sc0 ls0 ws0\">loro <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inalit\u00e0: <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>contratti <span class=\"_ _5\"></span>riferibili <span class=\"_ _7\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>approvvigionamento <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>prevista <span class=\"_ _7\"></span>l\u2019own<span class=\"_ _7\"></span><span class=\"ff1\">-use <span class=\"_ _7\"></span>exemption <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ffetti </span></div><div class=\"t m0 x23 h43 y20f ff5 fs1 fc1 sc0 ls0 ws0\">economici <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _7\"></span>per <span class=\"_ _6\"> </span>competenza <span class=\"_ _6\"></span>solo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mom<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>dell\u2019effettiva <span class=\"_ _7\"></span>consegna, <span class=\"_ _6\"></span>mentre <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>contrat<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>sottoscritti <span class=\"_ _6\"></span>con </div><div class=\"t m0 x23 h43 y210 ff5 fs1 fc1 sc0 ls0 ws0\">riferimento all\u2019attivit\u00e0 di gestione del rischio prezzo o del rischio volume sono equiparati a strumenti finanziari derivati<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y211 ff1 fs1 fc1 sc0 ls0 ws0\">e <span class=\"_ _d\"> </span>valutati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _e\"> </span>fin <span class=\"_ _f\"> </span>dal <span class=\"_ _e\"> </span>momento <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tipula. <span class=\"_ _e\"> </span>Data <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>natura <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>fisici, <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>scopo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>dare <span class=\"_ _d\"> </span>una </div><div class=\"t m0 x23 h43 y212 ff5 fs1 fc1 sc0 ls0 ws0\">rappresentazione <span class=\"_ _d\"> </span>pi<span class=\"_ _5\"></span>\u00f9 <span class=\"_ _f\"> </span>coerente <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>reali <span class=\"_ _f\"> </span>transazioni <span class=\"_ _f\"> </span>effettuate, <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>momento <span class=\"_ _f\"> </span>dell\u2019esecuzione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indipendentemente </div><div class=\"t m0 x23 h43 y213 ff5 fs1 fc1 sc0 ls0 ws0\">dalla <span class=\"_ _6\"></span>finalit\u00e0 <span class=\"_ _e\"> </span>il <span class=\"_ _6\"></span>regolamento <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>rappresentato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"> </span>economico <span class=\"_ _e\"> </span>alternativamente <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"> </span>\u201cRicavi\u201d <span class=\"_ _e\"> </span>o <span class=\"_ _6\"></span>nella <span class=\"_ _e\"> </span>voce </div><div class=\"t m0 x23 h3 y214 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cMaterie prime e mate<span class=\"_ _3\"></span>riali\u201d in ragione che <span class=\"_ _3\"></span>si tratti rispettivament<span class=\"_ _3\"></span>e di cessione o approvvigio<span class=\"_ _3\"></span>namento di commodi<span class=\"_ _3\"></span>ty.<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y215 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y216 ff1 fs1 fc1 sc0 ls0 ws0\">Da <span class=\"_ _d\"> </span>un <span class=\"_ _d\"> </span>punto <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>ista <span class=\"_ _e\"> </span>operativo <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _d\"> </span>identificati <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>portafoglio <span class=\"_ _d\"> </span>commerciale, <span class=\"_ _e\"></span>dove <span class=\"_ _d\"> </span>rientrano <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"> </span>fisici <span class=\"_ _d\"> </span>e </div><div class=\"t m0 x23 h43 y217 ff5 fs1 fc1 sc0 ls0 ws0\">finanziari <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>ottoscritti <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>dell\u2019approvvigionam<span class=\"_ _3\"></span>ento, <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>un <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _e\"> </span>trading, <span class=\"_ _e\"> </span>dove <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>inclusi <span class=\"_ _e\"> </span>contratti </div><div class=\"t m0 x23 h3 y218 ff1 fs1 fc1 sc0 ls0 ws0\">fisici <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>sottoscritti in <span class=\"_ _5\"></span>ottica <span class=\"_ _5\"></span>speculativa, <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>logiche <span class=\"_ _5\"></span>di pos<span class=\"_ _5\"></span>ition taking <span class=\"_ _5\"></span>puro <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>volta <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>ritiene <span class=\"_ _6\"></span>vi <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>una </div><div class=\"t m0 x23 h43 y219 ff5 fs1 fc1 sc0 ls0 ws0\">opportunit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>mercat<span class=\"_ _3\"></span>o, <span class=\"_ _10\"> </span>sempre <span class=\"_ _10\"> </span>all\u2019interno <span class=\"_ _4\"> </span>dei <span class=\"_ _10\"> </span>limiti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>rischio <span class=\"_ _10\"> </span>definiti <span class=\"_ _10\"> </span>dal <span class=\"_ _10\"> </span>Consiglio <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>Amministrazion<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>della </div><div class=\"t m0 x23 h3 y21a ff1 fs1 fc1 sc0 ls0 ws0\">Capogruppo. </div><div class=\"t m0 x23 h3 y21b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y21c ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>riferite <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>che, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>politiche <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rischio, <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>oddisfano <span class=\"_ _6\"></span>i </div><div class=\"t m0 x23 h3 y21d ff1 fs1 fc1 sc0 ls0 ws0\">requisiti <span class=\"_ _e\"></span>previsti <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>il <span class=\"_ _e\"></span>trattamento <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>hedge <span class=\"_ _e\"> </span>accounting <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>rilevate <span class=\"_ _d\"> </span>tra <span class=\"_ _e\"> </span>le <span class=\"_ _d\"> </span>altre <span class=\"_ _e\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico </div><div class=\"t m0 x23 h43 y21e ff5 fs1 fc1 sc0 ls0 ws0\">complessivo, <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>quelle che, <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ur <span class=\"_ _5\"></span>essendo p<span class=\"_ _5\"></span>oste <span class=\"_ _5\"></span>in e<span class=\"_ _5\"></span>ssere <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>l\u2019intento gestionale <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>soddisfano <span class=\"_ _5\"></span>i </div><div class=\"t m0 x23 h3 y21f ff1 fs1 fc1 sc0 ls0 ws0\">requisiti <span class=\"_ _6\"></span>richiesti <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>si <span class=\"_ _e\"></span>determinano. <span class=\"_ _7\"></span>L<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>identificate <span class=\"_ _6\"></span>si<span class=\"_ _3\"></span>n </div><div class=\"t m0 x23 h3 y220 ff1 fs1 fc1 sc0 ls0 ws0\">dalla  l<span class=\"_ _3\"></span>oro <span class=\"_ _f\"> </span>origine  come<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>speculative  sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>a  c<span class=\"_ _3\"></span>onto <span class=\"_ _f\"> </span>economico <span class=\"_ _f\"> </span>ne<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span>di  riferim<span class=\"_ _3\"></span>ento.  Il <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>air <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>\u00e8 </div><div class=\"t m0 x23 h3 y221 ff1 fs1 fc1 sc0 ls0 ws0\">determinato <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>modelli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>ade<span class=\"_ _5\"></span>guati <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _7\"></span>tipologi<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>strumento, <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>di </div><div class=\"t m0 x23 h3 y222 ff1 fs1 fc1 sc0 ls0 ws0\">riferimento come megl<span class=\"_ _3\"></span>io descritto in seguito. </div><div class=\"t m0 x23 h3 y223 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y224 ff1 fs1 fc1 sc0 ls0 ws0\">Ai f<span class=\"_ _5\"></span>ini della contabilizzazione, le operazioni di <span class=\"_ _5\"></span>copertura sono classificate come <span class=\"_ _5\"></span>fair value <span class=\"_ _5\"></span>hedge se sono <span class=\"_ _5\"></span>a fronte de<span class=\"_ _5\"></span>l </div><div class=\"t m0 x23 h43 y225 ff5 fs1 fc1 sc0 ls0 ws0\">rischio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>varia<span class=\"_ _3\"></span>zione, <span class=\"_ _6\"></span>rispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercato, <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>sottostante <span class=\"_ _7\"></span>oppure <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>cash <span class=\"_ _6\"></span>flow </div><div class=\"t m0 x23 h3 y226 ff5 fs1 fc1 sc0 ls0 ws0\">hedge se sono <span class=\"_ _5\"></span>a fronte del <span class=\"_ _5\"></span>rischio di variabilit\u00e0 nei flussi <span class=\"_ _5\"></span>finanziari derivanti sia da un\u2019attivit\u00e0 o p<span class=\"_ _5\"></span>assivit\u00e0 esistente si<span class=\"_ _6\"></span><span class=\"ff1 ls22\">a </span></div><div class=\"t m0 x23 h3 y227 ff5 fs1 fc1 sc0 ls0 ws0\">da un\u2019operazione fut<span class=\"_ _3\"></span>ura, incluse le operazi<span class=\"_ _3\"></span>oni su commodity.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y228 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y229 ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _f\"> </span>quanto  rig<span class=\"_ _3\"></span>uarda <span class=\"_ _f\"> </span>gli  strume<span class=\"_ _3\"></span>nti <span class=\"_ _f\"> </span>derivati  classi<span class=\"_ _3\"></span>ficati <span class=\"_ _f\"> </span>come  fai<span class=\"_ _3\"></span>r  valu<span class=\"_ _3\"></span>e  h<span class=\"_ _3\"></span>edge <span class=\"_ _f\"> </span>che  risp<span class=\"_ _3\"></span>ettano  l<span class=\"_ _3\"></span>e  c<span class=\"_ _3\"></span>ondizioni <span class=\"_ _f\"> </span>per  i<span class=\"_ _3\"></span>l </div><div class=\"t m0 x23 h3 y22a ff1 fs1 fc1 sc0 ls0 ws0\">trattamento <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>perd<span class=\"_ _5\"></span>ite d<span class=\"_ _5\"></span>erivanti <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>determinazione d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>loro <span class=\"_ _5\"></span>valore </div><div class=\"t m0 x23 h3 y22b ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _5\"></span>mercato <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>imputati a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico. <span class=\"_ _5\"></span>Allo <span class=\"_ _5\"></span>stesso te<span class=\"_ _5\"></span>mpo s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>imputati a <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>le </div><div class=\"t m0 x23 h43 y22c ff5 fs1 fc1 sc0 ls0 ws0\">perdite <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"> </span>dall\u2019adeguamento <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>dell\u2019elemento <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>copertura <span class=\"_ _e\"> </span>limitatamente <span class=\"_ _e\"> </span>al </div><div class=\"t m0 x23 h3 y22d ff1 fs1 fc1 sc0 ls0 ws0\">rischio coperto. </div><div class=\"t m0 x23 h3 y22e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y22f ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>deriv<span class=\"_ _3\"></span>ati <span class=\"_ _6\"></span>classificati <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ash <span class=\"_ _6\"></span>flow <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>edge, <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>alificano <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>tali, <span class=\"_ _6\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h43 y230 ff5 fs1 fc1 sc0 ls0 ws0\">vengono <span class=\"_ _5\"></span>rilevate, l<span class=\"_ _5\"></span>imitatamente alla <span class=\"_ _5\"></span>sola <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>efficace, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>specifica <span class=\"_ _5\"></span>riserva <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>definita <span class=\"_ _5\"></span>\u201cRiserva<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y231 ff5 fs1 fc1 sc0 ls0 ws0\">strumenti derivati <span class=\"_ _3\"></span>valutati al fair value\u201d attr<span class=\"_ _3\"></span>averso il conto econ<span class=\"_ _3\"></span>omico complessivo.<span class=\"_ _75\"> </span> <span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y232 ff1 fs1 fc1 sc0 ls0 ws0\">Tale <span class=\"_ _e\"></span>riserva <span class=\"_ _e\"></span>viene <span class=\"_ _6\"></span>successivamente <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ilevata <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>manifestazione <span class=\"_ _6\"></span>economica <span class=\"_ _e\"></span>del </div><div class=\"t m0 x23 h3 y233 ff1 fs1 fc1 sc0 ls0 ws0\">sottostante <span class=\"_ _7\"></span>oggetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>copertura. <span class=\"_ _7\"></span>La <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fai<span class=\"_ _3\"></span>r <span class=\"_ _7\"></span>value<span class=\"_ _5\"></span><span class=\"ff16\"> <span class=\"_ _6\"></span></span>riferibile <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>porzione <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>efficace <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>immediatamente </div><div class=\"t m0 x23 h3 y234 ff1 fs1 fc1 sc0 ls0 ws0\">rilevata <span class=\"ls10\">ne</span>l conto e<span class=\"_ _3\"></span>conomico di period<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span>  </div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">302</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y172 ff5 fs1 fc1 sc0 ls0 ws0\">Qualora <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>verificarsi <span class=\"_ _4\"> </span>dell\u2019operazione <span class=\"_ _10\"> </span>sottostante <span class=\"_ _4\"> </span>n<span class=\"_ _5\"></span>on <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>considera<span class=\"_ _3\"></span>ta <span class=\"_ _10\"> </span>altamente <span class=\"_ _10\"> </span>probabile, <span class=\"_ _4\"> </span>o <span class=\"_ _10\"> </span>non <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 </div><div class=\"t m0 x1b h43 y173 ff5 fs1 fc1 sc0 ls0 ws0\">dimostrabile <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>lazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>corrispondente <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>\u201cRiserva <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutati <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value\u201d </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">viene immediatamente<span class=\"_ _3\"></span> riversata a conto eco<span class=\"_ _3\"></span>nomico. </div><div class=\"t m0 x1b h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">Qualora, <span class=\"_ _5\"></span>invece, l<span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>strumento der<span class=\"_ _5\"></span>ivato sia <span class=\"_ _5\"></span>ceduto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>pertanto <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>qualifichi <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>copertura <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>rischio e<span class=\"_ _5\"></span>fficac<span class=\"_ _3\"></span>e </div><div class=\"t m0 x1b h43 y176 ff5 fs1 fc1 sc0 ls0 ws0\">a fronte del quale l\u2019o<span class=\"_ _3\"></span>perazione era stata <span class=\"_ _3\"></span>posta in essere, la quota di \u201cR<span class=\"_ _3\"></span>iserva strumenti deriv<span class=\"_ _3\"></span>ati valutati al fair value\u201d a<span class=\"_ _1\"></span> </div><div class=\"t m0 x1b h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\">esso relativa viene ma<span class=\"_ _3\"></span>ntenuta sino a quando n<span class=\"_ _3\"></span>on si manifestano<span class=\"_ _3\"></span> gli effetti economici del <span class=\"_ _3\"></span>contratto sottostante.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">Il Gruppo, laddove n<span class=\"_ _3\"></span>e sussistano i requi<span class=\"_ _3\"></span>siti, applica la fair valu<span class=\"_ _3\"></span>e option.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y17b ff3 fs1 fc1 sc0 ls0 ws0\">A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span>  e  p<span class=\"_ _1\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>t\u00e0  d<span class=\"_ _1\"></span>est<span class=\"_ _3\"></span>in<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>  al<span class=\"_ _1\"></span>la  v<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>di<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>  <span class=\"ff5\">\u2013<span class=\"ff1\">  L<span class=\"_ _5\"></span>a  classificazione  in <span class=\"_ _4\"> </span>tale <span class=\"_ _4\"> </span>categoria  a<span class=\"_ _5\"></span>vviene  nel <span class=\"_ _4\"> </span>momento  in <span class=\"_ _4\"> </span>cui </span></span></div><div class=\"t m0 x1b h43 y17c ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019operazione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>ve<span class=\"_ _3\"></span>ndita <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>nsiderata <span class=\"_ _6\"></span>altamente <span class=\"_ _7\"></span>probabile <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>immediatamente <span class=\"_ _6\"></span>disponibili<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\">per la vendita nelle c<span class=\"_ _3\"></span>ondizioni in cui si tr<span class=\"_ _3\"></span>ovano.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h6c y17e ff3 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y17f ff3 fs1 fc1 sc0 ls0 ws0\">R<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>ei r<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span> e de<span class=\"_ _1\"></span>i c<span class=\"_ _3\"></span>os<span class=\"_ _1\"></span>ti <span class=\"ff5\">\u2013</span> <span class=\"ff1\">I <span class=\"_ _5\"></span>ricavi e <span class=\"_ _5\"></span>proventi sono <span class=\"_ _5\"></span>iscritti al netto <span class=\"_ _5\"></span>di resi, <span class=\"_ _5\"></span>sconti e <span class=\"_ _5\"></span>abbuoni, nonch\u00e9 delle </span></div><div class=\"t m0 x1b h3 y180 ff1 fs1 fc1 sc0 ls0 ws0\">imposte <span class=\"_ _f\"> </span>direttamente <span class=\"_ _f\"> </span>connesse <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>on <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>vendita <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>prodotti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>servizi. <span class=\"_ _f\"> </span>Sono <span class=\"_ _f\"> </span>ripartiti <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>ricavi </div><div class=\"t m0 x1b h3 y181 ff5 fs1 fc1 sc0 ls0 ws0\">derivanti dall\u2019attivit<span class=\"_ _3\"></span>\u00e0 operativa e proventi fin<span class=\"_ _3\"></span>anziari che maturano<span class=\"_ _3\"></span> tra la data di vendita e<span class=\"_ _3\"></span> la data del pagament<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y182 ff1 fs1 fc1 sc0 ls0 ws0\">In particolare:<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h5a ybaa ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>vendita <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia, <span class=\"_ _e\"> </span>gas <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>acqua <span class=\"_ _e\"> </span>sono <span class=\"_ _f\"> </span><span class=\"ff5\">riconosciuti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _e\"> </span>al <span class=\"_ _d\"> </span>momento <span class=\"_ _e\"> </span>dell\u2019erogazione <span class=\"_ _e\"> </span>e </span></span></span></div><div class=\"t m0 x59 h3 y2b1 ff1 fs1 fc1 sc0 ls0 ws0\">comprendono <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>stanziamento <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>rogazioni <span class=\"_ _5\"></span>effettuate, <span class=\"_ _7\"></span>ma <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>ancora <span class=\"_ _6\"></span>fat<span class=\"_ _3\"></span>turate <span class=\"_ _7\"></span>(stimate <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>analisi </div><div class=\"t m0 x59 h3 y2b2 ff1 fs1 fc1 sc0 ls0 ws0\">storiche determinate in<span class=\"_ _3\"></span> relazione ai consumi<span class=\"_ _3\"></span> pregressi);<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h5a ya19 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i <span class=\"_ _f\"> </span>ricavi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>iscritti <span class=\"_ _f\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>tariffe <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>dall\u2019Autorit\u00e0 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>oggetto <span class=\"_ _f\"> </span>di </span></span></div><div class=\"t m0 x59 h3 y6ce ff1 fs1 fc1 sc0 ls0 ws0\">perequazioni <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>esercizio <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iflettere <span class=\"_ _d\"> </span>secondo <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>criterio <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>competenza <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>retribuzione <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>a </div><div class=\"t m0 x59 h3 y6cf ff5 fs1 fc1 sc0 ls0 ws0\">dall\u2019Autorit\u00e0 a fronte <span class=\"_ _3\"></span>degli investimenti effettu<span class=\"_ _3\"></span>ati;<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h5a y244 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i ricavi sono <span class=\"_ _5\"></span>rilevati quando (o man <span class=\"_ _5\"></span>mano che) \u00e8 adempiuta l\u2019obbligazione del fare, t<span class=\"_ _5\"></span>rasferendo al cliente il bene </span></span></div><div class=\"t m0 x59 h3 ybf6 ff1 fs1 fc1 sc0 ls0 ws0\">o <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>servizio <span class=\"_ _6\"></span>promesso. <span class=\"_ _7\"></span>Il <span class=\"_ _6\"></span>trasferimento <span class=\"_ _7\"></span>avviene <span class=\"_ _6\"></span>quando <span class=\"_ _6\"></span>(o <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>an <span class=\"_ _6\"></span>mano <span class=\"_ _7\"></span>che) <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>client<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>acquisisce<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontrollo <span class=\"_ _7\"></span>del </div><div class=\"t m0 x59 h43 y1ae ff5 fs1 fc1 sc0 ls0 ws0\">bene <span class=\"_ _f\"> </span>o <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>servizio. <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>ricavo <span class=\"_ _f\"> </span>iscritto <span class=\"_ _d\"> </span>corrisponde <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>prezzo <span class=\"_ _f\"> </span>attribuito <span class=\"_ _d\"> </span>al<span class=\"_ _5\"></span>l\u2019obbliga<span class=\"_ _3\"></span>zione <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>fare <span class=\"_ _d\"> </span>oggetto <span class=\"_ _f\"> </span>della </div><div class=\"t m0 x59 h43 ybf7 ff5 fs1 fc1 sc0 ls0 ws0\">rilevazione. <span class=\"_ _5\"></span>Si procede <span class=\"_ _5\"></span>all\u2019iscrizione del <span class=\"_ _5\"></span>ricavo <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>se s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>ritenuto probabile <span class=\"_ _5\"></span>che v<span class=\"_ _5\"></span>err\u00e0 incassato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corrispettivo </div><div class=\"t m0 x59 h3 ybf8 ff1 fs1 fc1 sc0 ls0 ws0\">per <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>beni <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>servizi <span class=\"_ _7\"></span>trasferiti <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>cliente. <span class=\"_ _e\"></span><span class=\"ff5\">Quando <span class=\"_ _6\"></span>un\u2019<span class=\"_ _3\"></span>obbligazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>fare <span class=\"_ _6\"></span>viene <span class=\"_ _7\"></span>adempiuta <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>te<span class=\"_ _5\"></span>mpo </span></div><div class=\"t m0 x59 h3 y1b1 ff1 fs1 fc1 sc0 ls0 ws0\">sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>le  a<span class=\"_ _3\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>derivanti <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>i  cl<span class=\"_ _3\"></span>ienti, <span class=\"_ _f\"> </span>che  r<span class=\"_ _3\"></span>appresentano <span class=\"_ _f\"> </span>una <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>contrattuale<span class=\"_ _3\"></span> </div><div class=\"t m0 x59 h3 y3ed ff1 fs1 fc1 sc0 ls0 ws0\">realizzata <span class=\"_ _5\"></span>trasferendo <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>cliente <span class=\"_ _5\"></span>prima <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>prezzo <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>pagato <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>pagamento <span class=\"_ _5\"></span>sia <span class=\"_ _7\"></span>dovuto. <span class=\"_ _5\"></span>Di </div><div class=\"t m0 x59 h3 y3ee ff1 fs1 fc1 sc0 ls0 ws0\">conseguenza <span class=\"_ _6\"></span>le<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>contratti <span class=\"_ _e\"></span>con <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _6\"></span>rappresentano <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>prezzo <span class=\"_ _6\"></span>contrattualizzato <span class=\"_ _e\"></span>in </div><div class=\"t m0 x59 h3 y1b4 ff1 fs1 fc1 sc0 ls0 ws0\">cambio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>servizi <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>siano <span class=\"_ _d\"> </span>gi\u00e0 <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>tati <span class=\"_ _e\"></span>trasferiti <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>cliente. <span class=\"_ _e\"></span>Nel <span class=\"_ _e\"></span>caso <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>cui <span class=\"_ _e\"> </span>quest'ultimo <span class=\"_ _e\"></span>sia <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>diritto </div><div class=\"t m0 x59 h3 ybf9 ff1 fs1 fc1 sc0 ls0 ws0\">incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>ricevere <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>pa<span class=\"_ _5\"></span>gament<span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>contrattualizzat<span class=\"_ _3\"></span>o,<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>soggetto <span class=\"_ _6\"></span>unicamente <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>passaggio <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>tempo <span class=\"_ _6\"></span>prima </div><div class=\"t m0 x59 h3 ydb5 ff1 fs1 fc1 sc0 ls0 ws0\">che il pagamento sia<span class=\"_ _3\"></span> effettivamente dovuto, all<span class=\"_ _3\"></span>ora viene rilevato <span class=\"_ _3\"></span>un credito di natura comm<span class=\"_ _3\"></span>erciale<span class=\"_ _7\"></span>; </div><div class=\"t m0 x1b h5a y5d1 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i costi sono contabili<span class=\"_ _3\"></span>zzati secondo il principio della compet<span class=\"_ _3\"></span>enza. </span></span></div><div class=\"t m0 x1b h3 y6a3 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c yc0b ff3 fs1 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>but<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span><span class=\"ff1\">I <span class=\"_ _5\"></span>contributi <span class=\"_ _7\"></span>pubblici <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>conto <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>mpianto<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>rilevati <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>lungo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>necessario <span class=\"_ _5\"></span>per </span></div><div class=\"t m0 x1b h3 yc0c ff1 fs1 fc1 sc0 ls0 ws0\">correlarli <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>costo. <span class=\"_ _7\"></span>Nella <span class=\"_ _7\"></span>situazione <span class=\"_ _7\"></span>patrimoniale<span class=\"_ _7\"></span>-finanziaria <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>rappresentati <span class=\"_ _7\"></span>iscrivendo <span class=\"_ _7\"></span>il </div><div class=\"t m0 x1b h43 y533 ff5 fs1 fc1 sc0 ls0 ws0\">contributo <span class=\"_ _7\"></span>come <span class=\"_ _6\"></span>ricavo <span class=\"_ _7\"></span>differito. <span class=\"_ _7\"></span>I<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontributi <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>esercizio, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ompresi <span class=\"_ _7\"></span>quelli <span class=\"_ _6\"></span>ricevuti <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>utenti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l\u2019allacciam<span class=\"_ _3\"></span>ento </div><div class=\"t m0 x1b h43 yc0d ff5 fs1 fc1 sc0 ls0 ws0\">del <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ervizio, <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>considerati <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>prestazioni <span class=\"_ _7\"></span>effettuate <span class=\"_ _5\"></span>nell\u2019esercizio <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>pertanto <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>contabilizzati <span class=\"_ _7\"></span>secondo <span class=\"_ _5\"></span>il </div><div class=\"t m0 x1b h3 yc0e ff1 fs1 fc1 sc0 ls0 ws0\">criterio della compet<span class=\"_ _3\"></span>enza. </div><div class=\"t m0 x1b h3 yc0f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c yc10 ff3 fs1 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>le<span class=\"_ _1\"></span>asi<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _6\"></span><span class=\"ff1\">Sono <span class=\"_ _5\"></span>iscritti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>con <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>criterio <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>costanti <span class=\"_ _7\"></span>come <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>neri <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>canoni </span></div><div class=\"t m0 x1b h3 yc11 ff1 fs1 fc1 sc0 ls0 ws0\">riferiti <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>contratti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>leasing <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>oggetto <span class=\"_ _6\"></span>beni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>modesto <span class=\"_ _7\"></span>va<span class=\"_ _5\"></span>lore <span class=\"_ _7\"></span>(low<span class=\"_ _7\"></span>-value <span class=\"_ _6\"></span>asset) <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>urata <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>pari <span class=\"_ _6\"></span>o </div><div class=\"t m0 x1b h3 yc12 ff1 fs1 fc1 sc0 ls0 ws0\">inferiore <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>12 <span class=\"_ _e\"></span>mesi <span class=\"_ _e\"></span>(short-term <span class=\"_ _e\"></span>lease). <span class=\"_ _e\"></span>Il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>h<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>ssato <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>10<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>mila <span class=\"_ _6\"></span>euro <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>soglia <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>ritenere <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>singolo <span class=\"_ _e\"></span>bene<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 yc13 ff1 fs1 fc1 sc0 ls0 ws0\">sottostante come di m<span class=\"_ _3\"></span>odesto valore. </div><div class=\"t m0 x1b h3 y5aa ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c yb7f ff3 fs1 fc1 sc0 ls0 ws0\">P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>on<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _f\"> </span><span class=\"ff1\">I <span class=\"_ _f\"> </span>proventi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _d\"> </span>sono<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ilevati <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ase <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>principio <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>co<span class=\"_ _5\"></span>mpeten<span class=\"_ _3\"></span>za. <span class=\"_ _f\"> </span>I </span></div><div class=\"t m0 x1b h43 yb80 ff5 fs1 fc1 sc0 ls0 ws0\">dividendi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>parteci<span class=\"_ _3\"></span>pazioni\u201d <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _7\"></span>a <span class=\"_ _6\"> </span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>momento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stabilito <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 yc14 ff1 fs1 fc1 sc0 ls0 ws0\">riceverne <span class=\"_ _4\"> </span>il <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>agamento,  \u00e8 <span class=\"_ _10\"> </span>probabile  che <span class=\"_ _10\"> </span>i <span class=\"_ _4\"> </span>benefici <span class=\"_ _4\"> </span>economici <span class=\"_ _4\"> </span>derivanti <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ai  d<span class=\"_ _5\"></span>ividendi <span class=\"_ _4\"> </span>affluiranno <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>Gruppo  e </div><div class=\"t m0 x1b h3 yc15 ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019ammontare degli st<span class=\"_ _3\"></span>essi pu\u00f2 essere atten<span class=\"_ _3\"></span>dibilmente valutato.<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 yc16 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c yc17 ff3 fs1 fc1 sc0 ls0 ws0\">Im<span class=\"_ _1\"></span>po<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _e\"> </span>Le <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"></span>rappresentano <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>somma <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>imposte <span class=\"_ _e\"> </span>correnti, <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ifferite <span class=\"_ _6\"></span>ed <span class=\"_ _d\"> </span>eventuali <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"></span>sostitutive. <span class=\"_ _6\"></span>L<span class=\"_ _5\"></span>e </span></span></div><div class=\"t m0 x1b h43 yc18 ff5 fs1 fc1 sc0 ls0 ws0\">imposte  correnti  sono<span class=\"_ _3\"></span>  calcolate  sul  risul<span class=\"_ _3\"></span>tato  imponibile  dell\u2019e<span class=\"_ _3\"></span>sercizio.  Le  \u201cPassivit<span class=\"_ _3\"></span>\u00e0  per  imposte  correnti\u201d  s<span class=\"_ _3\"></span>ono </div><div class=\"t m0 x1b h3 yc19 ff1 fs1 fc1 sc0 ls0 ws0\">calcolate utilizzando <span class=\"_ _3\"></span>aliquote vigenti alla <span class=\"_ _3\"></span>data del bilancio.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y927 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yc1a ff1 fs1 fc1 sc0 ls0 ws0\">Nella determinazione delle imposte di <span class=\"_ _5\"></span>esercizio, il Gruppo ha <span class=\"_ _5\"></span>tenuto in debita considerazione gli effetti <span class=\"_ _5\"></span>derivanti dalla<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 yc1b ff1 fs1 fc1 sc0 ls0 ws0\">riforma <span class=\"_ _7\"></span>fiscale <span class=\"_ _7\"></span>Ias <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ntrodotta <span class=\"_ _7\"></span>dalla <span class=\"_ _7\"></span>L. <span class=\"_ _6\"></span>244 <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>24 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _5\"></span>2007 <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>ra<span class=\"_ _5\"></span>fforzato <span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>incipio <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>derivazione<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 yc1c ff1 fs1 fc1 sc0 ls0 ws0\">statuito <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span>ll'art. <span class=\"_ _5\"></span>83 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Tuir. <span class=\"_ _7\"></span>Tale <span class=\"_ _5\"></span>principio <span class=\"_ _7\"></span>prevede <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>soggetti <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>pplicano <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>principi <span class=\"_ _7\"></span>contabili <span class=\"_ _5\"></span>internazionali<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 yc1d ff1 fs1 fc1 sc0 ls0 ws0\">valgano, anche <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>deroga alle d<span class=\"_ _5\"></span>isposizioni del <span class=\"_ _5\"></span>Tuir, i <span class=\"_ _5\"></span>criteri di <span class=\"_ _5\"></span>qualificazione, imputazione te<span class=\"_ _5\"></span>mporale e c<span class=\"_ _5\"></span>lassificazi<span class=\"_ _3\"></span>one </div><div class=\"t m0 x1b h3 yc1e ff1 fs1 fc1 sc0 ls0 ws0\">in bilancio previsti da<span class=\"_ _3\"></span> detti principi contabili<span class=\"_ _3\"></span>.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 yc1f ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">303<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Le i<span class=\"_ _5\"></span>mposte differite s<span class=\"_ _5\"></span>ono calcolate c<span class=\"_ _5\"></span>on riguardo <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>differenze temporanee nella <span class=\"_ _5\"></span>tassazione e <span class=\"_ _5\"></span>sono iscritte <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>voce </div><div class=\"t m0 x23 h3 y173 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cPassivit\u00e0 <span class=\"_ _d\"> </span><span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span></span>di<span class=\"_ _5\"></span>fferite\u201d. <span class=\"_ _d\"> </span>Le <span class=\"_ _f\"> </span>\u201cAttivit\u00e0 <span class=\"_ _d\"> </span><span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span></span>differite\u201d <span class=\"_ _f\"> </span>vengono <span class=\"_ _e\"> </span>ri<span class=\"_ _5\"></span>levate <span class=\"_ _e\"> </span>n<span class=\"_ _5\"></span>ella <span class=\"_ _d\"> </span>misura <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>cui <span class=\"_ _d\"> </span>si <span class=\"_ _f\"> </span>ritiene </div><div class=\"t m0 x23 h43 y174 ff5 fs1 fc1 sc0 ls0 ws0\">probabile <span class=\"_ _7\"></span>l\u2019esistenza, <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>esercizi <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>riv<span class=\"_ _3\"></span>erseranno <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>differenze <span class=\"_ _5\"></span>temporanee, <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>reddito <span class=\"_ _7\"></span>imponibile </div><div class=\"t m0 x23 h43 y175 ff5 fs1 fc1 sc0 ls0 ws0\">almeno pari a<span class=\"_ _5\"></span>ll\u2019ammontare<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>delle differenze che <span class=\"_ _5\"></span>si andranno ad <span class=\"_ _5\"></span>annullare. Le <span class=\"_ _5\"></span>imposte differite sono de<span class=\"_ _5\"></span>terminate<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>sulla<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h43 y176 ff5 fs1 fc1 sc0 ls0 ws0\">base d<span class=\"_ _5\"></span>elle aliquote <span class=\"_ _5\"></span>fiscali <span class=\"_ _5\"></span>che si <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>saranno applicabili <span class=\"_ _5\"></span>nell\u2019esercizio nel <span class=\"_ _5\"></span>quale <span class=\"_ _5\"></span>sar\u00e0 realizzata <span class=\"_ _5\"></span>l\u2019attivit\u00e0 fiscale <span class=\"_ _5\"></span>o </div><div class=\"t m0 x23 h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\">sar\u00e0 estinta la passivit\u00e0 fiscale, sulla base delle a<span class=\"_ _5\"></span>liquote fiscali stabilite da provvedimenti in vigore o sostanzialmente </div><div class=\"t m0 x23 h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\">in vigore alla data di riferimento del bilancio. Tali variazioni sono imputate a conto economico o a patrimonio netto, in </div><div class=\"t m0 x23 h3 y179 ff5 fs1 fc1 sc0 ls0 ws0\">relazione all\u2019imput<span class=\"_ _3\"></span>azione effettuata all\u2019or<span class=\"_ _3\"></span>igine della differenza d<span class=\"_ _3\"></span>i riferimento.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">Possono, <span class=\"_ _5\"></span>infine, <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>iscritte <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ostitutive <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>presenza d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>disposizioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>onsentono <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>di </div><div class=\"t m0 x23 h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">usufruire di particolari <span class=\"_ _5\"></span>regimi fiscali. Per loro <span class=\"_ _5\"></span>natura si tratta di <span class=\"_ _5\"></span>imposte aventi natura non<span class=\"_ _5\"></span> ricorrente, riconducibile all<span class=\"_ _6\"></span><span class=\"lse\">a </span></div><div class=\"t m0 x23 h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\">volont\u00e0 del Gruppo di <span class=\"_ _3\"></span>optare o meno per il corr<span class=\"_ _3\"></span>elato regime fiscale. </div><div class=\"t m0 x23 h43 y17d ff5 fs1 fc1 sc0 ls0 ws0\">Nel caso in cui l\u2019i<span class=\"_ _5\"></span>mposta sostitut<span class=\"_ _3\"></span>iva venga versata in virt\u00f9 d<span class=\"_ _5\"></span>i una normativa fiscale che consenta di allineare, del tutto </div><div class=\"t m0 x23 h43 y17e ff5 fs1 fc1 sc0 ls0 ws0\">o <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>parte, <span class=\"_ _f\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>cor<span class=\"_ _5\"></span>rispond<span class=\"_ _3\"></span>ente <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>fiscale <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>stessa, <span class=\"_ _d\"> </span>il <span class=\"_ _f\"> </span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _d\"> </span>procede<span class=\"_ _75\"> </span></div><div class=\"t m0 x23 h43 y17f ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019iscrizione <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>complessivo <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>benefici <span class=\"_ _7\"></span>fiscali <span class=\"_ _7\"></span>(tax <span class=\"_ _7\"></span>asset) <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>contemporaneamente <span class=\"_ _7\"></span>dell\u2019intera <span class=\"_ _7\"></span>imposta </div><div class=\"t m0 x23 h3 y180 ff5 fs1 fc1 sc0 ls0 ws0\">sostitutiva nell\u2019eserci<span class=\"_ _3\"></span>zio in cui il managem<span class=\"_ _3\"></span>ent assume la decisio<span class=\"_ _3\"></span>ne di usufruire di tale o<span class=\"_ _3\"></span>pportunit\u00e0.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y181 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y182 ff3 fs1 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>ri <span class=\"_ _7\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>co<span class=\"_ _1\"></span>nv<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>de<span class=\"_ _1\"></span>lle<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>pos<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span>in<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>val<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>trans<span class=\"_ _3\"></span>azioni <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>valuta <span class=\"_ _6\"></span>estera <span class=\"_ _6\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>rilevate, <span class=\"_ _6\"></span>inizialmente, <span class=\"_ _7\"></span>al </span></span></div><div class=\"t m0 x23 h43 y183 ff5 fs1 fc1 sc0 ls0 ws0\">tasso <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>cambio <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>essere <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>data <span class=\"_ _e\"> </span>dell\u2019operazione. <span class=\"_ _6\"> </span>Le <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>aluta <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>iscritte <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>cambio <span class=\"_ _e\"> </span>di </div><div class=\"t m0 x23 h43 y58 ff5 fs1 fc1 sc0 ls0 ws0\">riferimento <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>chiusura <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>perdite <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>cambi <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>imputati <span class=\"_ _5\"></span>regolarmente <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>conto </div><div class=\"t m0 x23 h43 y184 ff5 fs1 fc1 sc0 ls0 ws0\">economico. <span class=\"_ _6\"></span>L\u2019eventuale <span class=\"_ _6\"></span>utile <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>etto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>dovesse <span class=\"_ _6\"></span>sorgere <span class=\"_ _6\"></span>viene <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ccantonato <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>un\u2019ap<span class=\"_ _3\"></span>posita <span class=\"_ _6\"></span>riserva <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>distribuibile<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y185 ff1 fs1 fc1 sc0 ls0 ws0\">fino alla data di reali<span class=\"_ _3\"></span>zzo. </div><div class=\"t m0 x23 h3 y186 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y187 ff3 fs1 fc1 sc0 ls0 ws0\">O<span class=\"_ _3\"></span>pe<span class=\"_ _1\"></span>raz<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _3\"></span> con<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>pa<span class=\"_ _3\"></span>rt<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>ela<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _7\"></span>Le <span class=\"_ _5\"></span>operazioni c<span class=\"_ _5\"></span>on p<span class=\"_ _5\"></span>arti <span class=\"_ _5\"></span>correlate <span class=\"_ _5\"></span>avvengono alle <span class=\"_ _7\"></span>normali condizioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato, nel </span></span></div><div class=\"t m0 x23 h3 y20c ff1 fs1 fc1 sc0 ls0 ws0\">rispetto <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>criteri <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>efficienz<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>d <span class=\"_ _7\"></span>economicit\u00e0. <span class=\"_ _6\"></span>Alcune <span class=\"_ _7\"></span>specifiche <span class=\"_ _7\"></span>transazioni <span class=\"_ _7\"></span>vengono <span class=\"_ _6\"></span>remune<span class=\"_ _3\"></span>rate <span class=\"_ _6\"></span>sull<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>base <span class=\"_ _7\"></span>delle </div><div class=\"t m0 x23 h3 y20d ff5 fs1 fc1 sc0 ls0 ws0\">tariffe definite dalle d<span class=\"_ _3\"></span>elibere dell\u2019Arera.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y20e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y503 ff8 fsa fc2 sc0 ls0 ws0\">Gestione dei <span class=\"_ _3\"></span>rischi </div><div class=\"t m0 x23 h3 y285 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y286 ff3 fs1 fc1 sc0 ls0 ws0\">Rischio di credito </div><div class=\"t m0 x23 h3 y287 ff5 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>credito cu<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>esposto il <span class=\"_ _7\"></span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>deriva <span class=\"_ _5\"></span>dall\u2019ampia <span class=\"_ _5\"></span>articolazione dei <span class=\"_ _5\"></span>portafogli <span class=\"_ _5\"></span>clienti delle <span class=\"_ _5\"></span>principali <span class=\"_ _5\"></span>aree <span class=\"_ _5\"></span>di<span class=\"_ _6\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y48e ff1 fs1 fc1 sc0 ls0 ws0\">business nelle quali opera; per la stessa ragione, tale rischio<span class=\"_ _3\"></span> risulta ripartito su di un largo numero di clienti. Al fine d<span class=\"_ _6\"></span><span class=\"ls23\">i </span></div><div class=\"t m0 x23 h3 y48f ff1 fs1 fc1 sc0 ls0 ws0\">gestire <span class=\"_ _e\"></span>il <span class=\"_ _e\"> </span>rischio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>credito, <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>efinito <span class=\"_ _6\"></span>procedure <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>elezione, <span class=\"_ _6\"></span>il <span class=\"_ _d\"> </span>monitoraggio <span class=\"_ _6\"></span>e <span class=\"_ _d\"> </span>la <span class=\"_ _e\"></span>valutazione <span class=\"_ _e\"></span>del </div><div class=\"t m0 x23 h3 y490 ff1 fs1 fc1 sc0 ls0 ws0\">proprio portafoglio cli<span class=\"_ _3\"></span>enti. Il mercato di ri<span class=\"_ _3\"></span>ferimento \u00e8 principalme<span class=\"_ _3\"></span>nte quello italiano.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y491 ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _6\"></span>modello <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>credito <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>consente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>maniera <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nalitica <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>differente <span class=\"_ _6\"></span>rischiosit<span class=\"_ _3\"></span>\u00e0 </div><div class=\"t m0 x23 h43 y2e6 ff5 fs1 fc1 sc0 ls0 ws0\">associabile all\u2019esigibilit\u00e0<span class=\"_ _3\"></span> dei crediti sin dal loro sorgere e progressivamente in funzione della loro crescente<span class=\"_ _3\"></span> anzianit\u00e0. </div><div class=\"t m0 x23 h43 y492 ff5 fs1 fc1 sc0 ls0 ws0\">Questa operativit\u00e0 <span class=\"_ _5\"></span>consente <span class=\"_ _5\"></span>di ridurre <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>concentrazione e <span class=\"_ _5\"></span>l\u2019esposizione ai <span class=\"_ _5\"></span>rischi d<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>redito, sia <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>segmento clienti </div><div class=\"t m0 x23 h3 y493 ff1 fs1 fc1 sc0 ls0 ws0\">business <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>segmento <span class=\"_ _10\"> </span>domestico. <span class=\"_ _4\"> </span>Re<span class=\"_ _5\"></span>lativament<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>crediti <span class=\"_ _10\"> </span>riguarda<span class=\"_ _3\"></span>nti <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>piccoli <span class=\"_ _10\"> </span>clienti <span class=\"_ _4\"> </span>v<span class=\"_ _5\"></span>engono <span class=\"_ _4\"> </span>e<span class=\"_ _5\"></span>ffettuati<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h43 y494 ff5 fs1 fc1 sc0 ls0 ws0\">stanziamenti <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>fondo <span class=\"_ _f\"> </span>svalutazione <span class=\"_ _f\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>analisi <span class=\"_ _f\"> </span>predittive <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>irca <span class=\"_ _f\"> </span>l\u2019amm<span class=\"_ _3\"></span>ontare <span class=\"_ _f\"> </span>dei <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>robabili <span class=\"_ _d\"> </span>futuri <span class=\"_ _f\"> </span>incassi, </div><div class=\"t m0 x23 h43 y51d ff5 fs1 fc1 sc0 ls0 ws0\">prendendo <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>considerazione <span class=\"_ _7\"></span>l\u2019anzianit\u00e0<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>redito, <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>tipo <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>azioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>recupero <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ntraprese <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tatus <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>creditore. </div><div class=\"t m0 x23 h3 y51e ff1 fs1 fc1 sc0 ls0 ws0\">Periodicamente, <span class=\"_ _e\"> </span>inoltre, <span class=\"_ _d\"> </span>vengono <span class=\"_ _d\"> </span>effettuate <span class=\"_ _d\"> </span>analisi <span class=\"_ _d\"> </span>sulle <span class=\"_ _d\"> </span>posizioni <span class=\"_ _d\"> </span>creditizie <span class=\"_ _e\"> </span>ancora <span class=\"_ _f\"> </span>aperte <span class=\"_ _e\"> </span>individuando <span class=\"_ _d\"> </span>eventuali </div><div class=\"t m0 x23 h3 y51f ff1 fs1 fc1 sc0 ls0 ws0\">criticit\u00e0 e qualora ris<span class=\"_ _3\"></span>ultino parzialmente, o <span class=\"_ _3\"></span>del tutto, inesigibili si p<span class=\"_ _3\"></span>rocede a una congrua sv<span class=\"_ _3\"></span>alutazione.<span class=\"_ _7\"></span> </div><div class=\"t m0 x23 h3 y520 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y521 ff3 fs1 fc1 sc0 ls0 ws0\">Rischio di liquidit\u00e0 </div><div class=\"t m0 x23 h3 y522 ff5 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>rischio d<span class=\"_ _5\"></span>i l<span class=\"_ _5\"></span>iquidit\u00e0 consiste <span class=\"_ _5\"></span>nell\u2019impossibilit\u00e0 di <span class=\"_ _5\"></span>far <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>obbligazioni finanziarie <span class=\"_ _5\"></span>assunte per <span class=\"_ _5\"></span>carenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>risors<span class=\"_ _6\"></span><span class=\"ff1 ls22\">e </span></div><div class=\"t m0 x23 h3 y3a5 ff1 fs1 fc1 sc0 ls0 ws0\">interne <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>incapacit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>reperire <span class=\"_ _d\"> </span>risorse <span class=\"_ _f\"> </span>esterne <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>osti <span class=\"_ _f\"> </span>sostenibili <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>Gruppo. <span class=\"_ _f\"></span><span class=\"_ _f\"> </span>Il <span class=\"_ _d\"> </span>rischio <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>liquidit\u00e0 <span class=\"_ _d\"> </span>\u00e8  m<span class=\"_ _3\"></span>itigato </div><div class=\"t m0 x23 h43 y523 ff5 fs1 fc1 sc0 ls0 ws0\">adottando <span class=\"_ _7\"></span>politiche <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>procedure <span class=\"_ _7\"></span>atte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>ottimizzare <span class=\"_ _7\"></span>l\u2019efficienza <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>risorse <span class=\"_ _7\"></span>finan<span class=\"_ _3\"></span>ziarie <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>manten<span class=\"_ _3\"></span>endo </div><div class=\"t m0 x23 h3 y524 ff1 fs1 fc1 sc0 ls0 ws0\">un adeguato equili<span class=\"_ _3\"></span>brio della struttura fina<span class=\"_ _3\"></span>nziaria. Ci\u00f2 si esplica <span class=\"_ _3\"></span>prevalentemente nella g<span class=\"_ _3\"></span>estione centralizzat<span class=\"_ _3\"></span>a dei flussi<span class=\"_ _75\"> </span></div><div class=\"t m0 x23 h3 y3fb ff1 fs1 fc1 sc0 ls0 ws0\">in <span class=\"_ _c\"> </span>entrata <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _1d\"> </span>usc<span class=\"_ _5\"></span>ita <span class=\"_ _1d\"> </span>(tesoreria <span class=\"_ _c\"> </span>centralizzata), <span class=\"_ _1d\"> </span>nella <span class=\"_ _c\"> </span>valutazione <span class=\"_ _1d\"> </span>prospettica <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>condizioni <span class=\"_ _1d\"> </span>di <span class=\"_ _c\"> </span>liquidit\u00e0, </div><div class=\"t m0 x23 h3 y525 ff5 fs1 fc1 sc0 ls0 ws0\">nell\u2019ottenimento di a<span class=\"_ _3\"></span>deguate linee di credito, <span class=\"_ _3\"></span>nonch\u00e9 preservand<span class=\"_ _3\"></span>o un adeguato ammontare <span class=\"_ _3\"></span>di liquidit\u00e0. <span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y526 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>ianificazio<span class=\"_ _3\"></span>ne <span class=\"_ _f\"> </span>finanziari<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ei <span class=\"_ _d\"> </span>fabbisogni <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>gestione <span class=\"_ _e\"> </span>orientata <span class=\"_ _f\"> </span>sulla <span class=\"_ _d\"> </span>disponibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>linee <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>inanziame<span class=\"_ _3\"></span>nto <span class=\"_ _f\"> </span>a </div><div class=\"t m0 x23 h3 y527 ff1 fs1 fc1 sc0 ls0 ws0\">medio-<span class=\"ff5\">lungo termine perm<span class=\"_ _3\"></span>ette un\u2019efficace gestio<span class=\"_ _3\"></span>ne del rischio di liquidit<span class=\"_ _3\"></span>\u00e0.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h3 y528 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y529 ff10 fs1 fc1 sc0 ls0 ws0\">Rischio tasso d\u2019interess<span class=\"_ _3\"></span>e e rischio valuta su oper<span class=\"_ _3\"></span>azioni di finanziamento<span class=\"ff3\"> </span></div><div class=\"t m0 x23 h3 y52a ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>finanziamenti <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>influenzato <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>alle <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>tas<span class=\"_ _3\"></span>si <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse. <span class=\"_ _6\"></span>Parimenti <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>passivit\u00e0<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h43 y52b ff5 fs1 fc1 sc0 ls0 ws0\">finanziarie <span class=\"_ _5\"></span>stesse <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>soggetto <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>fluttuazioni <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>tassi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>interesse <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>cambio <span class=\"_ _7\"></span>sulle <span class=\"_ _5\"></span>posizioni <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valuta, <span class=\"_ _7\"></span>quest\u2019ultime </div><div class=\"t m0 x23 h3 y52c ff5 fs1 fc1 sc0 ls0 ws0\">non presenti alla chi<span class=\"_ _3\"></span>usura dell\u2019esercizio.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h43 y52d ff5 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _7\"></span>valuta <span class=\"_ _5\"></span>regolarmente <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>propria <span class=\"_ _5\"></span>esposizione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>tali <span class=\"_ _5\"></span>rischi <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>li <span class=\"_ _7\"></span>gestisce <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>l\u2019utilizzo <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>strumenti </div><div class=\"t m0 x23 h3 y52e ff1 fs1 fc1 sc0 ls0 ws0\">finanziari <span class=\"_ _e\"></span>derivati, <span class=\"_ _e\"> </span>secondo <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"></span>stabilito <span class=\"_ _e\"> </span>nelle <span class=\"_ _d\"> </span>proprie <span class=\"_ _e\"> </span>politiche <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>gestione <span class=\"_ _d\"> </span>dei <span class=\"_ _e\"> </span>rischi. <span class=\"_ _d\"> </span>Per <span class=\"_ _e\"> </span>mitigare <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ischio <span class=\"_ _e\"></span>di </div><div class=\"t m0 x23 h3 y52f ff1 fs1 fc1 sc0 ls0 ws0\">volatilit\u00e0 <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>tassi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>interesse <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>contemporaneamente <span class=\"_ _5\"></span>garantire <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>corretto <span class=\"_ _5\"></span>bilanciamento <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>indebitamento a <span class=\"_ _7\"></span>tasso </div><div class=\"t m0 x23 h3 y530 ff1 fs1 fc1 sc0 ls0 ws0\">fisso e indebitamento a tasso variabile, il Gruppo prevede la stipula di strumenti deri<span class=\"_ _3\"></span>vati di copertura su tassi a fronte </div><div class=\"t m0 x23 h3 y531 ff1 fs1 fc1 sc0 ls0 ws0\">di parte delle proprie passivit\u00e0 <span class=\"_ _5\"></span>finanziarie. Allo stesso tempo, per mitigare il rischio di fluttuazione dei tassi di cambio,<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y268 ff1 fs1 fc1 sc0 ls0 ws0\">il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>revede <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>sottoscrivere <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>copertura <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>mbi <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>completa <span class=\"_ _5\"></span>copertura <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>finanziamenti <span class=\"_ _5\"></span>espressi <span class=\"_ _5\"></span>in </div><div class=\"t m0 x23 h3 y532 ff1 fs1 fc1 sc0 ls0 ws0\">valuta estera. <span class=\"_ _5\"></span><span class=\"ff5\">Nell\u2019ambito di tali indirizzi, l\u2019uso di strumenti finanziari derivati \u00e8 riservato <span class=\"_ _5\"></span>alla gestione dell\u2019esposizio<span class=\"_ _3\"></span>ne<span class=\"_ _75\"> </span></span><span class=\"ff5\"> </span></div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">304</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">alle <span class=\"_ _d\"> </span>fluttuazioni <span class=\"_ _e\"></span>dei <span class=\"_ _e\"> </span>tassi <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>interesse <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ambio <span class=\"_ _e\"> </span>connessi <span class=\"_ _e\"> </span>con <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>monetari <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>poste <span class=\"_ _e\"></span>patrimoniali <span class=\"_ _e\"></span>attive <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">passive. Tali politi<span class=\"_ _3\"></span>che non consentono attivit\u00e0<span class=\"_ _3\"></span> di tipo speculativo. </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y175 ff3 fs1 fc1 sc0 ls0 ws0\">Rischio mercato e rischio <span class=\"_ _3\"></span>valuta su operazio<span class=\"_ _3\"></span>ni commerciali </div><div class=\"t m0 x1b h43 y176 ff5 fs1 fc1 sc0 ls0 ws0\">In <span class=\"_ _7\"></span>relazione <span class=\"_ _5\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>grossista, <span class=\"_ _5\"></span>svolta <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>controllata <span class=\"_ _5\"></span>Hera <span class=\"_ _5\"></span>Trading <span class=\"_ _7\"></span>Srl, <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>trova <span class=\"_ _7\"></span>a <span class=\"_ _5\"></span>dover <span class=\"_ _7\"></span>gestire <span class=\"_ _5\"></span>rischi </div><div class=\"t m0 x1b h43 y177 ff5 fs1 fc1 sc0 ls0 ws0\">legati al d<span class=\"_ _5\"></span>isallineam<span class=\"_ _3\"></span>ento tra <span class=\"_ _5\"></span>le formule di <span class=\"_ _5\"></span>indicizzazione relative all\u2019acquisto di gas ed<span class=\"_ _5\"></span> energia elettrica e le <span class=\"_ _5\"></span>formule di </div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\">indicizzazione <span class=\"_ _7\"></span>legate <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>medesime <span class=\"_ _7\"></span>commodity <span class=\"_ _7\"></span>(ivi <span class=\"_ _6\"></span>inclusi <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>contratti <span class=\"_ _7\"></span>stipulati <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>prezzo <span class=\"_ _7\"></span>fisso)<span class=\"_ _75\"> </span>, <span class=\"_ _6\"></span>nonch\u00e9<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">eventuali <span class=\"_ _e\"> </span>rischi <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ambio <span class=\"_ _e\"></span>nel <span class=\"_ _e\"> </span>caso <span class=\"_ _d\"> </span>in <span class=\"_ _e\"> </span>cui <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>acquisto/vendita <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>co<span class=\"_ _5\"></span>mmo<span class=\"_ _3\"></span>dity <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>engano <span class=\"_ _e\"></span>conclusi <span class=\"_ _e\"> </span>facendo </div><div class=\"t m0 x1b h3 y17a ff5 fs1 fc1 sc0 ls0 ws0\">riferimento a valut<span class=\"_ _3\"></span>e diverse dall\u2019euro (dolla<span class=\"_ _3\"></span>ro statunitense).<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">Con riferimento a tali rischi il Gruppo fa ricorso a diversi strumenti, tra cui diverse fattispecie di derivati su commodity </div><div class=\"t m0 x1b h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\">(che <span class=\"_ _10\"> </span>possono <span class=\"_ _10\"> </span>anche <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>revedere <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>consegna <span class=\"_ _10\"> </span>fisica), <span class=\"_ _10\"> </span>finalizzati <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>prefissare <span class=\"_ _10\"> </span>gli <span class=\"_ _10\"> </span>effetti <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ui <span class=\"_ _10\"> </span>margini <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>vendita </div><div class=\"t m0 x1b h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\">indipendentemente dalle <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>condizioni di <span class=\"_ _5\"></span>mercato. <span class=\"_ _6\"></span><span class=\"fcb\">I<span class=\"_ _3\"></span>l m<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ell<span class=\"_ _3\"></span>o o<span class=\"_ _3\"></span>rg<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>zza<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>vo<span class=\"_ _3\"></span> ado<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>o e<span class=\"_ _3\"></span> i si<span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>emi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ge<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>ona<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>a </span></div><div class=\"t m0 x1b h3 y17e ff1 fs1 fcb sc0 ls0 ws0\">su<span class=\"_ _3\"></span>pp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>o  c<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>id<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ar<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>la<span class=\"_ _3\"></span>  n<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ra <span class=\"_ _f\"> </span><span class=\"ff5 fc1\">dell\u2019operazione  (copertur<span class=\"_ _3\"></span>a  vs  trading)  e  produrre  il  s<span class=\"_ _3\"></span>et  informativo<span class=\"_ _75\"> </span></span><span class=\"ff5 fc1\"><span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 y17f ff5 fs1 fc1 sc0 ls0 ws0\">adeguato a<span class=\"_ _5\"></span> un\u2019identificazione formale d<span class=\"_ _5\"></span>ella finalit\u00e0 d<span class=\"_ _5\"></span>i tali <span class=\"_ _5\"></span>strumenti<span class=\"_ _5\"></span><span class=\"ff1 fcb\">. Ne<span class=\"_ _1\"></span>llo<span class=\"_ _3\"></span> sp<span class=\"_ _1\"></span>eci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>o, d<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> pu<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>o di<span class=\"_ _1\"></span> vi<span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>a op<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>iv<span class=\"_ _3\"></span>o,<span class=\"_ _3\"></span> so<span class=\"_ _1\"></span>no<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 y180 ff5 fs1 fcb sc0 ls0 ws0\">st<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>id<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>if<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>po<span class=\"_ _3\"></span>rt<span class=\"_ _1\"></span>afo<span class=\"_ _1\"></span>gl<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>co<span class=\"_ _1\"></span>mm<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e,<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>do<span class=\"_ _3\"></span>ve<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>ie<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>so<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>osc<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>p<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>ge<span class=\"_ _1\"></span>sti<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _7\"></span>de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>rov<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>gi<span class=\"_ _3\"></span>on<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff1\">di<span class=\"_ _1\"></span> </span></div><div class=\"t m0 x1b h3 y181 ff1 fs1 fcb sc0 ls0 ws0\">G<span class=\"_ _3\"></span>ru<span class=\"_ _3\"></span>pp<span class=\"_ _1\"></span>o, e<span class=\"_ _1\"></span> un <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>fog<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span>o t<span class=\"_ _1\"></span>rad<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ng<span class=\"_ _1\"></span> do<span class=\"_ _3\"></span>ve<span class=\"_ _1\"></span> son<span class=\"_ _1\"></span>o i<span class=\"_ _3\"></span>nc<span class=\"_ _1\"></span>lus<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>ru<span class=\"_ _3\"></span>me<span class=\"_ _1\"></span>nti<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>t\u00e0 n<span class=\"_ _1\"></span>on p<span class=\"_ _1\"></span>u\u00f2<span class=\"_ _3\"></span> es<span class=\"_ _1\"></span>ser<span class=\"_ _1\"></span>e st<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>e c<span class=\"_ _1\"></span>orr<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>le<span class=\"_ _1\"></span> at<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y182 ff1 fs1 fcb sc0 ls0 ws0\">di<span class=\"_ _1\"></span> ap<span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>ovv<span class=\"_ _1\"></span>ig<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>nam<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ot<span class=\"_ _1\"></span>tos<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>ti.<span class=\"_ _75\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 x1b h3 y183 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y58 ff5 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>trattazione <span class=\"_ _7\"></span>esaustiva <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>come<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>analizza, <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>isura, <span class=\"_ _7\"></span>monitora <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>gestisce <span class=\"_ _7\"></span>l\u2019esposizione <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>tali <span class=\"_ _7\"></span>rischi, <span class=\"_ _7\"></span>si </div><div class=\"t m0 x1b h43 y184 ff5 fs1 fc1 sc0 ls0 ws0\">rimanda <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>paragrafo <span class=\"_ _f\"> </span>1.02.03 <span class=\"_ _f\"> </span>\u201cAmbiti <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>rischio: <span class=\"_ _f\"> </span>identificazion<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>e  ge<span class=\"_ _3\"></span>stione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>fattori <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>rischio\u201d <span class=\"_ _f\"> </span>all\u2019interno <span class=\"_ _f\"> </span>della </div><div class=\"t m0 x1b h3 y185 ff1 fs1 fc1 sc0 ls0 ws0\">relazione sulla gestio<span class=\"_ _3\"></span>ne. </div><div class=\"t m0 x1b h3 y186 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y350 ff8 fsa fc2 sc0 ls0 ws0\">Stime e valut<span class=\"_ _3\"></span>azioni signi<span class=\"_ _3\"></span>ficative </div><div class=\"t m0 x1b h3 y351 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y352 ff1 fs1 fc1 sc0 ls10 ws0\">La <span class=\"_ _7\"></span><span class=\"ff5 ls0\">predisposizione <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>bilancio <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onsolidato <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>relative <span class=\"_ _6\"></span>note <span class=\"_ _7\"></span>richiede <span class=\"_ _6\"></span>l\u2019uso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>stime <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>valutazioni <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _7\"></span>degli </span></div><div class=\"t m0 x1b h3 y353 ff1 fs1 fc1 sc0 ls0 ws0\">amministratori, <span class=\"_ _2\"> </span>con <span class=\"_ _1d\"> </span>effett<span class=\"_ _3\"></span>o <span class=\"_ _1d\"> </span>sui<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>valori <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>b<span class=\"_ _5\"></span>ilancio, <span class=\"_ _2\"> </span>basate <span class=\"_ _1d\"> </span>su <span class=\"_ _2\"> </span>dati <span class=\"_ _2\"> </span>s<span class=\"_ _5\"></span>torici <span class=\"_ _2\"> </span>e <span class=\"_ _2\"> </span>s<span class=\"_ _5\"></span>ulle <span class=\"_ _2\"> </span>aspettative<span class=\"_ _7\"></span> <span class=\"_ _1d\"> </span>di <span class=\"_ _2\"> </span>eventi <span class=\"_ _2\"> </span>c<span class=\"_ _5\"></span>he </div><div class=\"t m0 x1b h3 y354 ff1 fs1 fc1 sc0 ls0 ws0\">ragionevolmente <span class=\"_ _6\"></span>si <span class=\"_ _e\"> </span>verificheranno <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>informazioni <span class=\"_ _6\"></span>conosciute. <span class=\"_ _e\"> </span>Tali <span class=\"_ _e\"></span>stime, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>definizione, <span class=\"_ _e\"></span>approssimano<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y285 ff1 fs1 fc1 sc0 ls0 ws0\">quelli  che <span class=\"_ _4\"> </span>saranno <span class=\"_ _4\"> </span>i <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ati  a <span class=\"_ _4\"> </span>consuntivo. <span class=\"_ _4\"> </span>Sono <span class=\"_ _4\"> </span>pertanto  di<span class=\"_ _5\"></span>  seguito <span class=\"_ _4\"> </span>indicate <span class=\"_ _4\"> </span>le  p<span class=\"_ _5\"></span>rincipali  aree <span class=\"_ _4\"> </span>caratterizzate  da </div><div class=\"t m0 x1b h43 y286 ff5 fs1 fc1 sc0 ls0 ws0\">valutazioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"> </span>assunzioni, <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>pot<span class=\"_ _5\"></span>rebbero <span class=\"_ _6\"></span>comportare <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>nei <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>delle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>entro <span class=\"_ _6\"> </span>l\u2019esercizio </div><div class=\"t m0 x1b h3 y287 ff1 fs1 fc1 sc0 ls0 ws0\">successivo. </div><div class=\"t m0 x1b h3 y48e ff1 fs1 fc1 sc0 ls0 ws0\">  </div><div class=\"t m0 x1b h6c y48f ff3 fs1 fc1 sc0 ls0 ws0\">Rilevazione dei ricavi </div><div class=\"t m0 x1b h43 y490 ff5 fs1 fc1 sc0 ls0 ws0\">I <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>icavi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>vendita <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>energia <span class=\"_ _5\"></span>elettrica, <span class=\"_ _5\"></span>gas<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>qua <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>riconosciuti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>contabilizzati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>momento <span class=\"_ _7\"></span>dell\u2019erogazion<span class=\"_ _3\"></span>e </div><div class=\"t m0 x1b h3 y491 ff1 fs1 fc1 sc0 ls0 ws0\">solo s<span class=\"_ _5\"></span>e si <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>ritenuto probabile che <span class=\"_ _5\"></span>verr\u00e0 <span class=\"_ _5\"></span>incassato il <span class=\"_ _5\"></span>corrispettivo. Essi <span class=\"_ _5\"></span>comprendono lo <span class=\"_ _5\"></span>stanziamento per <span class=\"_ _5\"></span>le forniture </div><div class=\"t m0 x1b h43 y2e6 ff5 fs1 fc1 sc0 ls0 ws0\">effettuate, <span class=\"_ _4\"> </span>intervenute  tra <span class=\"_ _4\"> </span>la <span class=\"_ _10\"> </span>data  dell\u2019ultima <span class=\"_ _4\"> </span>lettura  e <span class=\"_ _10\"> </span>il  termine <span class=\"_ _4\"> </span>dell\u2019esercizio, <span class=\"_ _4\"> </span>ma <span class=\"_ _4\"> </span>non <span class=\"_ _4\"> </span>ancora <span class=\"_ _10\"> </span>fattu<span class=\"_ _3\"></span>rate. <span class=\"_ _4\"> </span>Tale </div><div class=\"t m0 x1b h3 y492 ff1 fs1 fc1 sc0 ls0 ws0\">stanziamento <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>basa <span class=\"_ _e\"> </span>su <span class=\"_ _e\"> </span>stime <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>onsumo <span class=\"_ _e\"></span>giornaliero <span class=\"_ _6\"></span>del <span class=\"_ _d\"> </span>cliente, <span class=\"_ _e\"></span>fondate <span class=\"_ _e\"></span>sul <span class=\"_ _e\"></span>suo <span class=\"_ _e\"> </span>profilo <span class=\"_ _e\"> </span>storico, <span class=\"_ _e\"> </span>rettificato <span class=\"_ _e\"> </span>per </div><div class=\"t m0 x1b h3 y493 ff1 fs1 fc1 sc0 ls0 ws0\">riflettere le condizi<span class=\"_ _3\"></span>oni atmosferiche o altri f<span class=\"_ _3\"></span>attori che possono infl<span class=\"_ _3\"></span>uire sui consumi oggetto di<span class=\"_ _3\"></span> stima. <span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y494 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y51d ff3 fs1 fc1 sc0 ls0 ws0\">Accantonamenti a fon<span class=\"_ _3\"></span>do svalutazione crediti </div><div class=\"t m0 x1b h3 y51e ff1 fs1 fc1 sc0 ls0 ws0\">Tali <span class=\"_ _e\"></span>accantonamenti <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"> </span>effettuati <span class=\"_ _e\"> </span>adottando <span class=\"_ _e\"></span>le <span class=\"_ _e\"> </span>medesime <span class=\"_ _e\"></span>procedure <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>precedenti <span class=\"_ _e\"></span>esercizi<span class=\"ls16\">. <span class=\"_ _d\"> </span></span>Per <span class=\"_ _e\"></span>maggiori </div><div class=\"t m0 x1b h3 y51f ff1 fs1 fc1 sc0 ls0 ws0\">dettagli sulle modalit<span class=\"_ _3\"></span>\u00e0 di valutazione dei cr<span class=\"_ _3\"></span>editi si rimanda alla se<span class=\"_ _3\"></span>zione Gestione dei rischi<span class=\"_ _3\"></span> precedentemente espo<span class=\"_ _3\"></span>sta.<span class=\"_ _7\"></span> </div><div class=\"t m0 x1b h3 y520 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y521 ff3 fs1 fc1 sc0 ls0 ws0\">Accantonamenti a fond<span class=\"_ _3\"></span>i </div><div class=\"t m0 x1b h3 y522 ff1 fs1 fc1 sc0 ls0 ws0\">Tali <span class=\"_ _10\"> </span>accantonamenti <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _10\"> </span>effettuati <span class=\"_ _10\"> </span>adottando <span class=\"_ _4\"> </span>le<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>medesime <span class=\"_ _10\"> </span>procedure <span class=\"_ _10\"> </span>dei <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>recedenti <span class=\"_ _10\"> </span>esercizi, <span class=\"_ _10\"> </span>facendo<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y3a5 ff1 fs1 fc1 sc0 ls0 ws0\">riferimento <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>comunicazioni <span class=\"_ _5\"></span>aggiornate <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>legali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>consulenti <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>seguono <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>vertenze, <span class=\"_ _5\"></span>nonch\u00e9 <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>degli </div><div class=\"t m0 x1b h3 y523 ff1 fs1 fc1 sc0 ls0 ws0\">sviluppi p<span class=\"_ _5\"></span>rocedurali delle <span class=\"_ _5\"></span>stesse <span class=\"_ _5\"></span>oltre <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>aggiornamenti delle <span class=\"_ _5\"></span>ipotesi <span class=\"_ _5\"></span>sugli <span class=\"_ _5\"></span>esborsi <span class=\"_ _5\"></span>futuri <span class=\"_ _5\"></span>da s<span class=\"_ _5\"></span>ostenersi per <span class=\"_ _5\"></span>oneri </div><div class=\"t m0 x1b h3 y524 ff1 fs1 fc1 sc0 ls0 ws0\">post-mortem delle discar<span class=\"_ _3\"></span>iche, a seguito della r<span class=\"_ _3\"></span>evisione di perizie di<span class=\"_ _3\"></span> stima effettuate anche da <span class=\"_ _3\"></span>consulenti estern<span class=\"_ _3\"></span>i.<span class=\"_ _7\"></span> </div><div class=\"t m0 x1b h3 y3fb ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y525 ff3 fs1 fc1 sc0 ls0 ws0\">Ammortamenti </div><div class=\"t m0 x1b h3 y526 ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _5\"></span>ammortamenti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>calcolati in<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>base a<span class=\"_ _5\"></span>lla vi<span class=\"_ _5\"></span>ta ut<span class=\"_ _5\"></span>ile d<span class=\"_ _5\"></span>el bene. <span class=\"_ _5\"></span>La<span class=\"_ _5\"></span> v<span class=\"_ _5\"></span>ita u<span class=\"_ _5\"></span>tile \u00e8 <span class=\"_ _6\"></span>determinata <span class=\"_ _5\"></span>dalla d<span class=\"_ _5\"></span>irezione aziendale </div><div class=\"t m0 x1b h43 y527 ff5 fs1 fc1 sc0 ls0 ws0\">al momento dell\u2019iscrizione del bene nel bilancio; le valutazioni circa la durata della vita utile si basano sull\u2019esperienza<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y528 ff1 fs1 fc1 sc0 ls0 ws0\">storica, <span class=\"_ _5\"></span>sulle <span class=\"_ _7\"></span>condizioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>mercato <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>sulle <span class=\"_ _7\"></span>aspettative <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>eventi <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>uturi <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>potrebbero <span class=\"_ _7\"></span>incidere <span class=\"_ _5\"></span>sulla <span class=\"_ _7\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tile <span class=\"_ _5\"></span>stessa, </div><div class=\"t m0 x1b h3 y529 ff1 fs1 fc1 sc0 ls0 ws0\">compresi <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>cambiamenti <span class=\"_ _6\"></span>tecno<span class=\"_ _3\"></span>logici. <span class=\"_ _6\"></span>Di <span class=\"_ _6\"></span>conseguenza <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>possibil<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>utile <span class=\"_ _6\"></span>effettiva <span class=\"_ _6\"></span>possa <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ifferire <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>ita </div><div class=\"t m0 x1b h3 y52a ff1 fs1 fc1 sc0 ls0 ws0\">utile stimata.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 y52b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y11a0 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff3 fs1 fc1\"> </span></div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">305<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y172 ff3 fs1 fc1 sc0 ls0 ws0\">Impairment test  </div><div class=\"t m0 x23 h3 y173 ff5 fs1 fc1 sc0 ls0 ws0\">Il Gruppo effettua almeno una volta all<span class=\"_ _5\"></span>\u2019anno l\u2019analisi del valore recuperabile <span class=\"_ _5\"></span><span class=\"ff1\">degli asset <span class=\"_ _5\"></span>(incluso </span>l\u2019avviamento<span class=\"ff1\">) e delle </span></div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">partecipazioni <span class=\"_ _d\"> </span>(non <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>controllo) <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>detengono <span class=\"_ _d\"> </span>asset <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>generazion<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>energia <span class=\"_ _d\"> </span>termo<span class=\"_ _7\"></span>-elettrica <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>il </div><div class=\"t m0 x23 h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">tramite <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>impairment <span class=\"_ _f\"> </span>test. <span class=\"_ _f\"> </span>Tale <span class=\"_ _f\"> </span>test <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>basa <span class=\"_ _f\"> </span>su <span class=\"_ _f\"> </span>calcoli  <span class=\"ff5\">del  s<span class=\"_ _3\"></span>uo <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>in  u<span class=\"_ _3\"></span>so <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>richiedono <span class=\"_ _f\"> </span>l\u2019utilizzo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>stime </span></div><div class=\"t m0 x23 h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">dettagliate nelle note 25 e 27 di <span class=\"_ _3\"></span>commento agli schemi<span class=\"_ _3\"></span> di bilancio.<span class=\"_ _75\"> </span>  </div><div class=\"t m0 x23 h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y178 ff3 fs1 fc1 sc0 ls0 ws0\">Attivit\u00e0 per imposte differite </div><div class=\"t m0 x23 h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">La contabilizzazione delle attivit\u00e0 per imposte differite<span class=\"_ _5\"></span> \u00e8 effettuata sulla base delle aspettative di un imponibile fiscale </div><div class=\"t m0 x23 h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">negli <span class=\"_ _f\"> </span>esercizi <span class=\"_ _f\"> </span>futuri. <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>valutazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>degli <span class=\"_ _f\"> </span>imponibili <span class=\"_ _f\"> </span>attesi <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>fini <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>contabilizzazione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span>anticipate </div><div class=\"t m0 x23 h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">dipende <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>fattori <span class=\"_ _6\"></span>ch<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>possono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>variare <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>tempo <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>determinar<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>effetti <span class=\"_ _7\"></span>significativi <span class=\"_ _6\"></span>sull<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>recup<span class=\"_ _3\"></span>erabilit\u00e0 <span class=\"_ _6\"></span>de<span class=\"_ _7\"></span>lle <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 </div><div class=\"t m0 x23 h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\">per imposte differite. </div><div class=\"t m0 x23 h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y17e ff3 fs1 fc1 sc0 ls0 ws0\">Determinazione del fai<span class=\"_ _3\"></span>r value e processo di v<span class=\"_ _3\"></span>alutazione </div><div class=\"t m0 x23 h3 y17f ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>finanziari, <span class=\"_ _6\"></span>sia <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _6\"></span>tassi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>tassi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cambio, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>desu<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>quotazioni <span class=\"_ _6\"></span>di </div><div class=\"t m0 x23 h3 y180 ff5 fs1 fc1 sc0 ls0 ws0\">mercato. In <span class=\"_ _5\"></span>assenza di <span class=\"_ _5\"></span>prezzi <span class=\"_ _5\"></span>quotati in <span class=\"_ _5\"></span>mercati attivi si <span class=\"_ _5\"></span>utilizza <span class=\"_ _5\"></span>il metodo <span class=\"_ _5\"></span>dell\u2019attualizzazi<span class=\"_ _3\"></span>one dei <span class=\"_ _5\"></span>flussi d<span class=\"_ _5\"></span>i cassa <span class=\"_ _5\"></span>futuri<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y181 ff1 fs1 fc1 sc0 ls0 ws0\">prendendo <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>riferime<span class=\"_ _3\"></span>nto <span class=\"_ _7\"></span>parametri <span class=\"_ _7\"></span>osservabili <span class=\"_ _7\"></span>sul <span class=\"_ _6\"></span>mercato. <span class=\"_ _7\"></span>I <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>air <span class=\"_ _7\"></span>value <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>su <span class=\"_ _6\"></span>commodit<span class=\"_ _3\"></span>y <span class=\"_ _6\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>determi<span class=\"_ _3\"></span>nati </div><div class=\"t m0 x23 h3 y182 ff1 fs1 fc1 sc0 ls0 ws0\">utilizzando <span class=\"_ _6\"></span>input <span class=\"_ _6\"></span>direttamente <span class=\"_ _6\"></span>osservabili <span class=\"_ _e\"></span>sul <span class=\"_ _6\"></span>mercato <span class=\"_ _6\"></span>laddove <span class=\"_ _6\"></span>disponibili. <span class=\"_ _6\"></span>La <span class=\"_ _e\"></span>metodologia <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>calcolo <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>fair <span class=\"_ _6\"></span>value </div><div class=\"t m0 x23 h3 y183 ff1 fs1 fc1 sc0 ls0 ws0\">degli strumenti in <span class=\"_ _5\"></span>oggetto include<span class=\"_ _75\"> </span> la v<span class=\"_ _5\"></span>alutazione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>del non<span class=\"_ _5\"></span>-performance risk <span class=\"_ _5\"></span>se ritenuta rilevante. <span class=\"_ _5\"></span>Tutti i con<span class=\"_ _5\"></span>tatti derivati </div><div class=\"t m0 x23 h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\">stipulati dal Gruppo <span class=\"_ _3\"></span>sono in essere con <span class=\"_ _3\"></span>primarie controparti istit<span class=\"_ _3\"></span>uzionali.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y184 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y185 ff3 fs1 fc1 sc0 ls0 ws0\">Gerarchia del fair value </div><div class=\"t m0 x23 h3 y186 ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>valutati <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>classificati <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>gerarchia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>re <span class=\"_ _5\"></span>livelli <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>modalit\u00e0 d<span class=\"_ _6\"></span><span class=\"ls23\">i </span></div><div class=\"t m0 x23 h3 y187 ff1 fs1 fc1 sc0 ls0 ws0\">determinazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>st<span class=\"_ _3\"></span>esso, <span class=\"_ _6\"></span>ovvero <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fatt<span class=\"_ _3\"></span>ori <span class=\"_ _6\"></span>utilizzati <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>determinazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>del </div><div class=\"t m0 x23 h3 y20c ff1 fs1 fc1 sc0 ls0 ws0\">valore: </div><div class=\"t m0 x23 h5a yc72 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">li<span class=\"_ _1\"></span>vel<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span> 1<span class=\"_ _3\"></span>,<span class=\"ff1\"> strume<span class=\"_ _3\"></span>nti finanziari il cui fair v<span class=\"_ _3\"></span>alue \u00e8 determinato sull<span class=\"_ _3\"></span>a base di un prezzo q<span class=\"_ _3\"></span>uotato in un mercato atti<span class=\"_ _3\"></span>vo;<span class=\"_ _7\"></span> </span></span></span></div><div class=\"t m0 x23 h5a yc73 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">li<span class=\"_ _1\"></span>vel<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>2,<span class=\"ff1\"> <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>cui <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>determinato <span class=\"_ _d\"> </span>mediante <span class=\"_ _d\"> </span>tecniche <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>valutazione <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>utilizzano<span class=\"_ _3\"></span> </span></span></span></div><div class=\"t m0 x63 h3 y2dd ff1 fs1 fc1 sc0 ls0 ws0\">parametri <span class=\"_ _4\"> </span>osservabili <span class=\"_ _4\"> </span>direttamente <span class=\"_ _4\"> </span>o <span class=\"_ _10\"> </span>indirettam<span class=\"_ _3\"></span>ente <span class=\"_ _4\"> </span>sul <span class=\"_ _10\"> </span>mercato. <span class=\"_ _4\"> </span>Sono <span class=\"_ _4\"> </span>classificati <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>quest<span class=\"_ _3\"></span>a <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>ategoria <span class=\"_ _4\"> </span>gli </div><div class=\"t m0 x63 h3 y6d2 ff1 fs1 fc1 sc0 ls0 ws0\">strumenti valutati sul<span class=\"_ _3\"></span>la base di curve forward<span class=\"_ _3\"></span> di mercato e i contratti d<span class=\"_ _3\"></span>ifferenziali a breve termi<span class=\"_ _3\"></span>ne;<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a y1bf7 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">li<span class=\"_ _1\"></span>vel<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span>  3,<span class=\"_ _3\"></span><span class=\"ff1\">  strumenti  finanziari  il  cui  fair  value  \u00e8  de<span class=\"_ _5\"></span>terminato<span class=\"_ _3\"></span>  con  tecniche  di  va<span class=\"_ _5\"></span>lutazion<span class=\"_ _3\"></span>e  che  prendono  a </span></span></span></div><div class=\"t m0 x63 h3 y3ed ff1 fs1 fc1 sc0 ls0 ws0\">riferimento param<span class=\"_ _3\"></span>etri non osservabili sul mer<span class=\"_ _3\"></span>cato, ovvero facendo <span class=\"_ _3\"></span>esclusivamente ricorso a s<span class=\"_ _3\"></span>time interne.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y3ee ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1b4 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1184 ff8 fsa fc2 sc0 lsb ws0\">2.02.02 <span class=\"ls0\">- Perfor<span class=\"_ _3\"></span>mance operati<span class=\"_ _3\"></span>va e finanziaria </span></div><div class=\"t m0 x23 h3 y35a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 ya69 ff1 fs1 fc1 sc0 ls0 ws0\">Di seguito s<span class=\"lse\">ono</span> riporta<span class=\"ls16\">ti</span> <span class=\"ff5\">i risultati econ<span class=\"_ _3\"></span>omici dell\u2019esercizio confro<span class=\"_ _3\"></span>ntati con l\u2019esercizi<span class=\"_ _3\"></span>o precedente.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h3 ya6a ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs3a\"><div class=\"t m0 x91 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">NOTE </div></div><div class=\"c w112 h3c gs3b\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w111 h3c gs3c\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w110 h3c gs3d\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Ricavi </div></div><div class=\"c w111 h3c gs3e\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1 </div></div><div class=\"c w112 h3c gs3f\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12.889,7 </div></div><div class=\"c w111 h3c gs40\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">15.331,1 </div></div><div class=\"c w110 h3c gs41\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altri proventi </div></div><div class=\"c w111 h3c gs42\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2 </div></div><div class=\"c w112 h3c gs43\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">154,7 </div></div><div class=\"c w111 h3c gs44\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">234,0 </div></div><div class=\"c w110 h3c gs45\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Materie prime e materi<span class=\"_ _3\"></span>ali </div></div><div class=\"c w111 h3c gs46\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3 </div></div><div class=\"c w112 h3c gs47\"><div class=\"t m0 x8c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(7.056,4) </div></div><div class=\"c w111 h3c gs48\"><div class=\"t m0 x8c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(9.672,2) </div></div><div class=\"c w110 h3c gs49\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi per servizi </div></div><div class=\"c w111 h3c gs4a\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">4 </div></div><div class=\"c w112 h3c gs4b\"><div class=\"t m0 x8c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(3.724,9) </div></div><div class=\"c w111 h3c gs4c\"><div class=\"t m0 x8c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(3.655,9) </div></div><div class=\"c w110 h3c gs4d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi del person<span class=\"_ _3\"></span>ale </div></div><div class=\"c w111 h3c gs4e\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5 </div></div><div class=\"c w112 h3c gs4f\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(667,5) </div></div><div class=\"c w111 h3c gs50\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(641,1) </div></div><div class=\"c w110 h3c gs51\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre spese operati<span class=\"_ _3\"></span>ve </div></div><div class=\"c w111 h3c gs52\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">6 </div></div><div class=\"c w112 h3c gs53\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(97,3) </div></div><div class=\"c w111 h3c gs54\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(90,3) </div></div><div class=\"c w110 h3c gs55\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi capitalizzati<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gs56\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">7 </div></div><div class=\"c w112 h3c gs57\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">89,3 </div></div><div class=\"c w111 h3c gs58\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">82,1 </div></div><div class=\"c w110 h3c gs59\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Margine operativ<span class=\"_ _3\"></span>o lordo </div></div><div class=\"c w112 h3c gs5a\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">1.587,6 </div></div><div class=\"c w111 h3c gs5b\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">1.587,7 </div></div><div class=\"c w110 h3c gs5c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ammortamenti a<span class=\"_ _3\"></span>ccantonamenti e svaluta<span class=\"_ _3\"></span>zioni </div></div><div class=\"c w111 h3c gs5d\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8 </div></div><div class=\"c w112 h3c gs5e\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(757,7) </div></div><div class=\"c w111 h3c gs5f\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(753,7) </div></div><div class=\"c w110 h98 gs60\"><div class=\"t m0 x0 h13 y6af ff2 fs3 fc1 sc0 ls0 ws0\">Utile operativo </div></div><div class=\"c w112 h98 gs61\"><div class=\"t m0 x99 h13 yddf ff2 fs3 fcb sc0 ls0 ws0\">829,9 </div></div><div class=\"c w111 h98 gs62\"><div class=\"t m0 x99 h13 yddf ff2 fs3 fcb sc0 ls0 ws0\">834,0 </div></div><div class=\"c w110 h3c gs63\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Proventi finanziari </div></div><div class=\"c w111 h3c gs64\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">9 </div></div><div class=\"c w112 h3c gs65\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">202,5 </div></div><div class=\"c w111 h3c gs66\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">157,1 </div></div><div class=\"c w110 h90 gs67\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri finanziari </div></div><div class=\"c w111 h90 gs68\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">10<span class=\"ls0\"> </span></div></div><div class=\"c w112 h90 gs69\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(308,5) </div></div><div class=\"c w111 h90 gs6a\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(345,0) </div></div><div class=\"c w110 h3c gs6b\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Gestione finanziaria </div></div><div class=\"c w112 h3c gs6c\"><div class=\"t m0 x93 h13 y5d5 ff2 fs3 fcb sc0 ls0 ws0\">(106,0) </div></div><div class=\"c w111 h3c gs6d\"><div class=\"t m0 x93 h13 y5d5 ff2 fs3 fcb sc0 ls0 ws0\">(187,9) </div></div><div class=\"c w110 h3c gs6e\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Quota di utili (<span class=\"_ _3\"></span>perdite) di joint venture e s<span class=\"_ _3\"></span>ociet\u00e0 collegate </div></div><div class=\"c w111 h3c gs6f\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">11<span class=\"ls0\"> </span></div></div><div class=\"c w112 h3c gs70\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">12,3 </div></div><div class=\"c w111 h3c gs71\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">10,3 </div></div><div class=\"c w110 h3c gs72\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Utile prima dell<span class=\"_ _3\"></span>e imposte </div></div><div class=\"c w112 h3c gs73\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">736,2 </div></div><div class=\"c w111 h3c gs74\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">656,4 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 ya44 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _e\"></span>ripartizione <span class=\"_ _6\"></span>delle <span class=\"_ _e\"></span>voci <span class=\"_ _e\"></span>economiche <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _e\"> </span>rilevanti <span class=\"_ _d\"> </span>per <span class=\"_ _e\"></span>settore <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>riportata <span class=\"_ _e\"> </span><span class=\"ff5\">nella <span class=\"_ _e\"> </span>sezione <span class=\"_ _e\"> </span>\u201c</span>Informativa <span class=\"_ _6\"></span>per </div><div class=\"t m0 x23 h3 yf9b ff1 fs1 fc1 sc0 ls0 ws0\">settori operativi<span class=\"ff5\">\u201d all\u2019interno </span>del <span class=\"ff5\">p<span class=\"_ _3\"></span>aragrafo 2.02.10 \u201cAltre info<span class=\"_ _3\"></span>rmazioni\u201d.<span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h3 ya46 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 ybeb ff1 fs1 fc1 sc0 ls0 ws0\">I <span class=\"_ _4\"> </span>ricavi <span class=\"_ _4\"> </span>e <span class=\"_ _4\"> </span>costi <span class=\"_ _4\"> </span>operativi <span class=\"_ _4\"> </span>manifestano <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>decremento  <span class=\"ff5\">nel <span class=\"_ _4\"> </span>corso <span class=\"_ _4\"> </span>de<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio, <span class=\"_ _4\"> </span>principalmente  p<span class=\"_ _5\"></span>er  effetto <span class=\"_ _4\"> </span>della </span></div><div class=\"t m0 x23 h3 y1bfa ff1 fs1 fc1 sc0 ls0 ws0\">diminuzione  dei  prezzi  me<span class=\"_ _3\"></span>di  delle  commodity  energe<span class=\"_ _3\"></span>tiche<span class=\"_ _5\"></span>  rispetto  ai  valori  raggiunti  negli  esercizi  precedent<span class=\"ls23\">i,<span class=\"_ _75\"> </span></span><span class=\"ls23\"> </span></div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">306</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">parzialmente <span class=\"_ _e\"> </span>compensato <span class=\"_ _d\"> </span>dai <span class=\"_ _d\"> </span>maggiori <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>olumi <span class=\"_ _e\"></span>commercializzati <span class=\"_ _d\"> </span>nel <span class=\"_ _d\"> </span>business <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>energia <span class=\"_ _d\"> </span>elettrica. <span class=\"_ _e\"> </span>I<span class=\"_ _5\"></span>l </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">margine <span class=\"_ _f\"> </span>operativo <span class=\"_ _f\"> </span>lordo <span class=\"_ _d\"> </span>\u00e8  un <span class=\"_ _d\"> </span>indicatore <span class=\"_ _f\"> </span>alternativo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>performance <span class=\"_ _f\"> </span>monitorato <span class=\"_ _d\"> </span>dal  G<span class=\"_ _3\"></span>ruppo, <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>cui <span class=\"_ _f\"> </span>definizione <span class=\"_ _f\"> </span>\u00e8 </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">riportata <span class=\"_ _d\"> </span>nella <span class=\"_ _f\"> </span><span class=\"ff5\">sezione <span class=\"_ _d\"> </span>1<span class=\"_ _5\"></span>.04 <span class=\"_ _d\"> </span>\u201c<span class=\"_ _5\"></span>Sintesi <span class=\"_ _d\"> </span>andamento <span class=\"_ _d\"> </span>economico<span class=\"_ _5\"></span></span>-finanziario <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>definizione <span class=\"_ _d\"> </span>degli <span class=\"_ _f\"> </span>indicatori <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lternativi <span class=\"_ _d\"> </span>di </div><div class=\"t m0 x1b h3 y175 ff5 fs1 fc1 sc0 ls0 ws0\">performance\u201d. Il <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>sultato op<span class=\"_ _5\"></span><span class=\"ff1\">erativo <span class=\"_ _5\"></span>lordo, <span class=\"_ _5\"></span>positivo per <span class=\"_ _7\"></span><span class=\"ls10\">1.</span>587,6 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span><span class=\"ls10\">\u00e8 </span>del <span class=\"_ _7\"></span>tutto <span class=\"_ _5\"></span>allineato <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>allo <span class=\"_ _5\"></span>scorso </span></div><div class=\"t m0 x1b h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">esercizio. <span class=\"_ _7\"></span>Si <span class=\"_ _5\"></span>evidenziano, <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare, <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>performance <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ositive <span class=\"_ _5\"></span><span class=\"lse\">de<span class=\"_ _5\"></span></span>i <span class=\"_ _7\"></span>business <span class=\"_ _7\"></span>gestiti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>rete <span class=\"_ _6\"></span>gr<span class=\"_ _3\"></span>azie <span class=\"_ _5\"></span>agli <span class=\"_ _7\"></span>adeguamenti </div><div class=\"t m0 x1b h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\">tariffari  previsti  d<span class=\"_ _3\"></span>alle  delibere <span class=\"_ _f\"> </span>Arera<span class=\"_ _5\"></span>,  che <span class=\"_ _f\"> </span>permettono  di  compensar<span class=\"_ _3\"></span>e  le  min<span class=\"_ _3\"></span>ori  performance<span class=\"_ _3\"></span> <span class=\"_ _4\"> </span>di  alcuni  servizi  a </div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\">mercato, <span class=\"_ _7\"></span>dovute <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span><span class=\"ff5\">alla <span class=\"_ _7\"></span>riduzione <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>incentivi <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019<span class=\"_ _5\"></span></span>efficientamento <span class=\"_ _5\"></span>energetico <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>edifici <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>inori </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">risultati <span class=\"_ _10\"> </span>reali<span class=\"_ _3\"></span>zzati <span class=\"_ _10\"> </span>sui <span class=\"_ _10\"> </span>merc<span class=\"_ _3\"></span>ati <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>intermediazione <span class=\"_ _10\"> </span>delle <span class=\"_ _4\"> </span>commodity<span class=\"_ _5\"></span>. <span class=\"_ _10\"> </span>Si <span class=\"_ _10\"> </span>rileva, <span class=\"_ _10\"> </span>in  o<span class=\"_ _5\"></span>gni <span class=\"_ _4\"> </span>caso, <span class=\"_ _10\"> </span>un <span class=\"_ _10\"> </span>aumento <span class=\"_ _10\"> </span>delle<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">performance <span class=\"ls10\">dei</span> business di vendita di gas metano sui mercati tradizionali <span class=\"lse\">e <span class=\"_ _5\"></span></span>di energia elettrica ai clienti finali. <span class=\"_ _5\"></span><span class=\"ls1e\">In</span>fine<span class=\"ls1e\">, </span></div><div class=\"t m0 x1b h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">si segnala un incremento del business <span class=\"_ _5\"></span>ambiente, legato soprattutto al trattamento dei rifiuti per un c<span class=\"_ _5\"></span>ontinuo processo<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"ff5\">sviluppo dell\u2019offert<span class=\"_ _3\"></span>a e dell\u2019<span class=\"ff1\">ottimizzazione della gestione opera<span class=\"_ _3\"></span>tiva. </span></span></div><div class=\"t m0 x1b h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y17e ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _5\"></span><span class=\"ff5\">\u201c<span class=\"_ _5\"></span></span>Ammortamenti <span class=\"_ _5\"></span>accantonamenti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>svalutazioni<span class=\"ff5\">\u201d</span> <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>incrementa<span class=\"lse\">no</span> <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>effetto <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>investimenti <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>entrati <span class=\"_ _5\"></span>in </div><div class=\"t m0 x1b h3 y17f ff5 fs1 fc1 sc0 ls0 ws0\">ammortamento  nel  corso  dell\u2019<span class=\"_ _3\"></span>esercizio<span class=\"ff1\">,  parzialmente  compensati  da  minori  stanziamenti  rispetto  al  p<span class=\"_ _3\"></span>eriodo  di </span></div><div class=\"t m0 x1b h3 y180 ff1 fs1 fc1 sc0 ls0 ws0\">raffronto in relazio<span class=\"_ _3\"></span>ne a<span class=\"_ _5\"></span>l fondo sv<span class=\"_ _3\"></span>alutazione crediti. </div><div class=\"t m0 x1b h3 y181 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y182 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _5\"></span>significativa <span class=\"_ _5\"></span>variazione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>gest<span class=\"_ _5\"></span>ione <span class=\"_ _5\"></span>finanziaria <span class=\"_ _5\"></span><span class=\"lse\">\u00e8 <span class=\"_ _7\"></span></span>correlata <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>quanto <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>indicato<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>Da <span class=\"_ _7\"></span>una <span class=\"_ _5\"></span>parte <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>proventi </div><div class=\"t m0 x1b h43 y183 ff5 fs1 fc1 sc0 ls0 ws0\">finanziari <span class=\"_ _d\"> </span>dell\u2019esercizio <span class=\"_ _d\"> </span>beneficiano <span class=\"_ _d\"> </span>sensibilmente <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>egli <span class=\"_ _d\"> </span>effetti <span class=\"_ _d\"> </span>dell\u2019attualizzazione <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>crediti <span class=\"_ _d\"> </span>fiscali <span class=\"_ _d\"> </span>derivanti <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>allo </div><div class=\"t m0 x1b h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\">sconto in fattura per attivit\u00e0 di efficientamento energetico di edifici,<span class=\"_ _3\"></span> che il <span class=\"_ _5\"></span>Gruppo ha optato di trattenere in portafoglio<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y184 ff1 fs1 fc1 sc0 ls0 ws0\">ai <span class=\"_ _4\"> </span>fini <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i  compensazione  dei<span class=\"_ _5\"></span>  propri <span class=\"_ _4\"> </span>debiti <span class=\"_ _10\"> </span>di  natura <span class=\"_ _4\"> </span>tributaria <span class=\"_ _4\"> </span>e <span class=\"_ _4\"> </span>previdenziale<span class=\"_ _7\"></span>,  e<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>gli <span class=\"_ _4\"> </span>oneri <span class=\"_ _4\"> </span>finanziari <span class=\"_ _10\"> </span>risento<span class=\"_ _3\"></span>no </div><div class=\"t m0 x1b h3 y185 ff1 fs1 fc1 sc0 ls0 ws0\">positivamente <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>minor <span class=\"_ _e\"></span>impatto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>valutazioni <span class=\"_ _e\"></span>dei <span class=\"_ _6\"></span>lavori <span class=\"_ _e\"></span>rea<span class=\"lsf\">li</span><span class=\"ff5\">zzati <span class=\"_ _e\"> </span>nell\u2019esercizio <span class=\"_ _6\"></span>2024</span> <span class=\"_ _e\"></span>rispetto <span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>quelli <span class=\"_ _6\"></span>effettuati </div><div class=\"t m0 x1b h3 y186 ff5 fs1 fc1 sc0 ls0 ws0\">nell\u2019anno <span class=\"_ _6\"></span>2023<span class=\"ff1\">. <span class=\"_ _6\"></span></span>Dall\u2019altra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>falue<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>opzioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>earn <span class=\"_ _6\"></span>out <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _7\"></span>a <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>oci <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y187 ff1 fs1 fc1 sc0 ls0 ws0\">minoranza <span class=\"_ _f\"> </span>(in <span class=\"_ _d\"> </span>particolare <span class=\"_ _f\"> </span>riferibili <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>societ\u00e0  E<span class=\"_ _1\"></span>s<span class=\"_ _5\"></span>tEnergy <span class=\"_ _d\"> </span>Spa) <span class=\"_ _f\"> </span>determinano <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>n  significativo <span class=\"_ _d\"> </span>effetto <span class=\"_ _f\"> </span>positivo <span class=\"_ _f\"> </span>sulla </div><div class=\"t m0 x1b h3 y20c ff1 fs1 fc1 sc0 ls0 ws0\">gestione finanziaria se <span class=\"_ _5\"></span>confrontato con <span class=\"_ _5\"></span>la medesima <span class=\"_ _5\"></span>fattispecie <span class=\"ff5\">dell\u2019esercizio precedente. Infine, <span class=\"_ _5\"></span></span><span class=\"ls12\">si<span class=\"_ _5\"></span></span> sono <span class=\"_ _5\"></span>consuntivati </div><div class=\"t m0 x1b h3 y20d ff5 fs1 fc1 sc0 ls0 ws0\">pienamente <span class=\"_ _8\"> </span>nel <span class=\"_ _8\"> </span>corso <span class=\"_ _8\"> </span>dell\u2019esercizio <span class=\"_ _8\"> </span>2024 <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>benefici <span class=\"_ _8\"> </span>sugli <span class=\"_ _8\"> </span>o<span class=\"_ _5\"></span>neri <span class=\"_ _8\"> </span>derivanti <span class=\"_ _8\"> </span>dal <span class=\"_ _8\"> </span>rimborso<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _8\"> </span>avvenuto <span class=\"_ _8\"> </span>nel <span class=\"_ _8\"> </span>corso </span></div><div class=\"t m0 x1b h3 y20e ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019esercizio <span class=\"_ _7\"></span>precedente<span class=\"ff1\">, <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>finanziamenti <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>breve-medio <span class=\"_ _6\"></span>termi<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>credito <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>breve <span class=\"_ _7\"></span>accese <span class=\"_ _6\"></span>nel<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019anno</span> <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>022 </span></div><div class=\"t m0 x1b h3 y20f ff1 fs1 fc1 sc0 ls0 ws0\">per <span class=\"_ _f\"> </span>far <span class=\"_ _f\"> </span>fronte <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>esigenze <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>cassa<span class=\"_ _5\"></span>, <span class=\"_ _f\"> </span>legate <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>particolare <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>stoccaggio<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>del  g<span class=\"_ _3\"></span>as <span class=\"_ _f\"> </span>metano<span class=\"_ _5\"></span>, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>uno <span class=\"_ _f\"> </span>scenario <span class=\"_ _f\"> </span>di </div><div class=\"t m0 x1b h3 y210 ff1 fs1 fc1 sc0 ls0 ws0\">innalzamento del <span class=\"_ _5\"></span>livello <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>tassi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>interesse di <span class=\"_ _5\"></span>riferimento. <span class=\"_ _7\"></span>Tali <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>stati <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>parzialmente compensati <span class=\"_ _5\"></span>dall<span class=\"lse\">e </span></div><div class=\"t m0 x1b h3 y211 ff5 fs1 fc1 sc0 ls0 ws0\">risultanze <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>l\u2019<span class=\"ff1\">imparment <span class=\"_ _7\"></span>test <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>parte<span class=\"_ _3\"></span>cipazioni <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alutate <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>net<span class=\"_ _3\"></span>to<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>comportato <span class=\"_ _6\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>rilevazione <span class=\"_ _7\"></span>di </span></div><div class=\"t m0 x1b h3 y212 ff5 fs1 fc1 sc0 ls0 ws0\">una svalutazione sig<span class=\"_ _3\"></span>nificativa rispetto a quell<span class=\"_ _3\"></span>a dell\u2019esercizio prec<span class=\"_ _3\"></span>edente<span class=\"_ _5\"></span><span class=\"ff1\">. </span></div><div class=\"t m0 x1b h3 y213 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y214 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y509 ff8 fsa fc2 sc0 lsb ws0\">1  <span class=\"ls0\">Ricavi </span></div><div class=\"t m0 x1b h3 y491 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h98 gs76\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h98 gs77\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h98 gs78\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs79\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ricavi delle vendit<span class=\"_ _3\"></span>e e delle prestazi<span class=\"_ _3\"></span>oni </div></div><div class=\"c w111 h3c gs7a\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13.058,4 </div></div><div class=\"c w112 h3c gs7b\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">15.410,6 </div></div><div class=\"c w111 h3c gs7c\"><div class=\"t m0 x8c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(2.352,2) </div></div><div class=\"c w113 h3c gs7d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Variazioni dei lavori in <span class=\"_ _3\"></span>corso e semilav<span class=\"_ _3\"></span>orati </div></div><div class=\"c w111 h3c gs7e\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(168,7) </div></div><div class=\"c w112 h3c gs7f\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(79,5) </div></div><div class=\"c w111 h3c gs80\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(89,2) </div></div><div class=\"c w113 h3c gs81\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs82\"><div class=\"t m0 xac h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">12.889,7 </div></div><div class=\"c w112 h3c gs83\"><div class=\"t m0 xac h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">15.331,1 </div></div><div class=\"c w111 h3c gs84\"><div class=\"t m0 x8c h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">(2.441,4) </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 yc0e ff5 fs1 fc1 sc0 ls0 ws0\">\u201cRicavi <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>vendite <span class=\"_ _e\"> </span>e <span class=\"_ _6\"> </span>p<span class=\"_ _5\"></span>restazioni\u201d,<span class=\"ff1\"> <span class=\"_ _e\"> </span>il <span class=\"_ _e\"></span>decremento <span class=\"_ _e\"> </span></span>rispetto <span class=\"_ _e\"> </span>all\u2019esercizio <span class=\"_ _6\"> </span>precedente<span class=\"ff1\"> <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"></span>principalmente <span class=\"_ _6\"></span>at<span class=\"_ _5\"></span>tribuibile<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>a<span class=\"ls23\">i </span></span></div><div class=\"t m0 x1b h3 yc0f ff1 fs1 fc1 sc0 ls0 ws0\">business energy, la cui varia<span class=\"_ _3\"></span>zione \u00e8 dovuta alla combinazi<span class=\"_ _3\"></span>one dei seguenti effetti: </div><div class=\"t m0 x1b h5a yaf3 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">diminuzione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>prezzi <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>edi <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>commodity <span class=\"_ _7\"></span>energetiche <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>raggiunti <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>eser<span class=\"_ _3\"></span>cizi <span class=\"_ _6\"></span>precedenti, </span></span></div><div class=\"t m0 x59 h3 yb9a ff5 fs1 fc1 sc0 ls0 ws0\">nonostante <span class=\"_ _8\"> </span>nell\u2019ultima <span class=\"_ _8\"> </span>parte <span class=\"_ _8\"> </span>dell\u2019anno <span class=\"_ _8\"> </span>si <span class=\"_ _8\"> </span>sia <span class=\"_ _8\"> </span>evidenziata <span class=\"_ _8\"> </span>una <span class=\"_ _8\"> </span>inversione <span class=\"_ _8\"> </span>del <span class=\"_ _8\"> </span>trend <span class=\"_ _8\"> </span>dovuta<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _2\"> </span>alle <span class=\"_ _8\"> </span>tensioni </span></div><div class=\"t m0 x59 h3 y1158 ff1 fs1 fc1 sc0 ls0 ws0\">geopolitiche e macroe<span class=\"_ _3\"></span>conomiche; </div><div class=\"t m0 x1b h5a yd4a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">minori <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>vendita <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>clienti <span class=\"_ _7\"></span>finali <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>gas <span class=\"_ _7\"></span>metano <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>effetto <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>temperature <span class=\"_ _5\"></span>medie <span class=\"_ _7\"></span>superiori <span class=\"_ _5\"></span>rispetto <span class=\"_ _7\"></span>al </span></span></div><div class=\"t m0 x59 h3 y510 ff1 fs1 fc1 sc0 ls0 ws0\">periodo di confronto <span class=\"_ _3\"></span>sia di minori consumi della base clie<span class=\"_ _3\"></span>nti; </div><div class=\"t m0 x1b h5a ye35 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">incremento dei volumi <span class=\"ff5\">intermedi<span class=\"_ _3\"></span>ati sui mercati all\u2019ing<span class=\"_ _3\"></span>ross<span class=\"ff1\">o<span class=\"_ _5\"></span>; </span></span></span></span></div><div class=\"t m0 x1b h5a y11c2 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">buone <span class=\"_ _6\"></span>performance <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>energia <span class=\"_ _6\"></span>elettrica <span class=\"_ _6\"></span>dovute <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>acquisizioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>clientela <span class=\"_ _6\"></span>nel<span class=\"_ _5\"></span> </span></span></div><div class=\"t m0 x59 h3 yb9f ff1 fs1 fc1 sc0 ls0 ws0\">mercato <span class=\"_ _5\"></span>libero <span class=\"_ _7\"></span>sia <span class=\"_ _7\"></span>al<span class=\"ff5\">l\u2019avvio</span> <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>servizio <span class=\"_ _7\"></span>elettrico <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>tutele <span class=\"_ _5\"></span>graduali <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>clienti <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ulnerabili <span class=\"_ _5\"></span>serviti <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>far </div><div class=\"t m0 x59 h3 y1445 ff5 fs1 fc1 sc0 ls0 ws0\">data dal 1\u00b0 luglio 20<span class=\"_ _3\"></span>24 in seguito all\u2019agg<span class=\"_ _3\"></span>iudicazione di sette l<span class=\"_ _3\"></span>otti a livello nazionale.<span class=\"_ _5\"></span><span class=\"ff1\">  </span></div><div class=\"t m0 x1b h3 ybae ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 ybaf ff1 fs1 fc1 sc0 ls0 ws0\">Inoltre, <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>energy <span class=\"_ _7\"></span><span class=\"ff5\">dell\u2019esercizio influisc</span>ono, <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>parte, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>maniera <span class=\"_ _5\"></span>positiva <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>ripristino <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>oneri </div><div class=\"t m0 x1b h3 ybb0 ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _d\"> </span>sistema <span class=\"_ _d\"> </span>(<span class=\"ls12\">co<span class=\"_ _5\"></span></span>munque <span class=\"_ _d\"> </span>invarianti <span class=\"_ _e\"> </span>sui <span class=\"_ _f\"> </span>risultati <span class=\"_ _d\"> </span><span class=\"lse\">de<span class=\"_ _5\"></span></span>l <span class=\"_ _d\"> </span>Gruppo) <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>erano <span class=\"_ _d\"> </span>stati <span class=\"_ _d\"> </span>ridotti <span class=\"_ _f\"> </span>o <span class=\"_ _d\"> </span>addirittura <span class=\"_ _d\"> </span>annullati <span class=\"_ _d\"> </span><span class=\"ls10\">da</span>l <span class=\"_ _d\"> </span>quarto </div><div class=\"t m0 x1b h3 y11c4 ff1 fs1 fc1 sc0 ls0 ws0\">trimestre <span class=\"_ _6\"></span>20<span class=\"_ _3\"></span>21 <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>primo <span class=\"_ _6\"></span>trime<span class=\"_ _3\"></span>stre <span class=\"_ _6\"></span>2023 <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>far <span class=\"_ _7\"></span>fronte <span class=\"_ _6\"></span><span class=\"lse\">ai</span> <span class=\"_ _6\"></span>rialzi <span class=\"_ _6\"></span>verific<span class=\"_ _3\"></span>atesi <span class=\"_ _7\"></span>ne<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>prezzi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>commod<span class=\"_ _5\"></span>ity <span class=\"_ _7\"></span>energetiche, <span class=\"_ _7\"></span><span class=\"lse\">e </span></div><div class=\"t m0 x1b h3 ybb1 ff5 fs1 fc1 sc0 ls0 ws0\">dall\u2019altra<span class=\"ff1\">,  i<span class=\"_ _3\"></span>n  manier<span class=\"_ _3\"></span>a  negativa <span class=\"_ _f\"> </span>il  decremento <span class=\"_ _f\"> </span>dei  ricavi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i  servizi <span class=\"_ _f\"> </span>di  effi<span class=\"_ _3\"></span>cientamento<span class=\"_ _5\"></span>  e<span class=\"_ _3\"></span>nergetico,  a <span class=\"_ _f\"> </span>causa <span class=\"_ _f\"> </span>del </span></div><div class=\"t m0 x1b h3 ybb2 ff1 fs1 fc1 sc0 ls0 ws0\">significativo ridimension<span class=\"_ _3\"></span>amento delle agevolazio<span class=\"_ _3\"></span>ni legate alle ristrutturazi<span class=\"_ _3\"></span>oni edilizie, in partic<span class=\"_ _3\"></span>olare condomini<span class=\"_ _7\"></span><span class=\"ls1e\">. </span> </div><div class=\"t m0 x1b h3 y1bfc ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _6\"></span>quanto <span class=\"_ _7\"></span>concerne <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>gestite <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>Grup<span class=\"_ _3\"></span>po, <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>segnala <span class=\"_ _6\"></span>un <span class=\"_ _7\"></span>incremento <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>ricavi <span class=\"_ _7\"></span>per<span class=\"_ _6\"></span> <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>rete <span class=\"_ _7\"></span>(in </div><div class=\"t m0 x1b h3 ybb4 ff1 fs1 fc1 sc0 ls0 ws0\">particolare <span class=\"_ _7\"></span>ciclo <span class=\"_ _7\"></span>idrico) <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>beneficiato <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>aum<span class=\"_ _3\"></span>enti <span class=\"_ _7\"></span>tariffari <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>presentano <span class=\"_ _7\"></span>nuovi <span class=\"_ _7\"></span>riferimenti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>rendim<span class=\"_ _3\"></span>ento </div><div class=\"t m0 x1b h3 ybb5 ff5 fs1 fc1 sc0 ls0 ws0\">deliberati <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>Arera <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>tutti <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>regolati, <span class=\"_ _7\"></span>oltre <span class=\"_ _6\"></span>all\u2019aumento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>ricavi <span class=\"_ _7\"></span>per<span class=\"_ _6\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span><span class=\"lsf\">i <span class=\"_ _6\"></span></span></span>business <span class=\"_ _6\"></span>dell\u2019ambiente <span class=\"_ _6\"></span><span class=\"ff1\">grazie <span class=\"_ _6\"></span>all<span class=\"_ _3\"></span>o </span></div><div class=\"t m0 x1b h3 y1bfd ff1 fs1 fc1 sc0 ls0 ws0\">sviluppo dei servizi offerti, dei <span class=\"_ _5\"></span>volumi trattati per il p<span class=\"_ _5\"></span>ieno regime di alcuni impianti e <span class=\"_ _5\"></span>dei maggiori prezzi di trattamento<span class=\"_ _6\"></span> </div><div class=\"t m0 x1b h3 ybb7 ff1 fs1 fc1 sc0 ls0 ws0\">dei rifiuti. </div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">307<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y173 ff5 fs1 fc1 sc0 ls0 ws0\">Come <span class=\"_ _10\"> </span>espost<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>parag<span class=\"_ _3\"></span>rafo <span class=\"_ _4\"> </span>2.02.01 <span class=\"_ _10\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>fine <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>migliore<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>rappresent<span class=\"_ _3\"></span>azione <span class=\"_ _10\"> </span>delle  d<span class=\"_ _5\"></span>inamiche </div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">economiche <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>patrimoniali <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gruppo, <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>tate <span class=\"_ _7\"></span>introdotte<span class=\"_ _7\"></span> <span class=\"_ _7\"></span><span class=\"ff5\">alcune <span class=\"_ _6\"></span>riclassifiche <span class=\"_ _7\"></span>all\u2019interno <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>schemi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>bilancio</span> </div><div class=\"t m0 x23 h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">rispetto <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>pubblicato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>In <span class=\"_ _7\"></span>particolare, si<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>segnala <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span><span class=\"ff5\">l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>\u201cRicavi <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>vendite <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>delle </span></div><div class=\"t m0 x23 h3 y176 ff5 fs1 fc1 sc0 ls0 ws0\">prestazioni\u201d accoglie <span class=\"_ _5\"></span><span class=\"ff1\">per <span class=\"_ _5\"></span>entrambi <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>periodi <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>riclassifica <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>valore delle <span class=\"_ _7\"></span></span>\u201cCommesse a <span class=\"_ _5\"></span>lungo <span class=\"_ _5\"></span>termine\u201d che <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>scorso </div><div class=\"t m0 x23 h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\">anno era<span class=\"lse\">no</span> esposte ne<span class=\"ff5\">l <span class=\"_ _5\"></span>rigo \u201cAltri Ricavi operativi\u201d, or<span class=\"_ _3\"></span>a ridenominato \u201cAltri proventi\u201d. Tale voce, pari a <span class=\"_ _5\"></span><span class=\"ff1\">441,5 milioni di </span></span></div><div class=\"t m0 x23 h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\">euro <span class=\"_ _5\"></span>al 31 <span class=\"_ _5\"></span>dicembre 2024 <span class=\"_ _5\"></span>(433,8 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>al 31 <span class=\"_ _5\"></span>dicembre 2<span class=\"_ _5\"></span>023), comprende <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>ricavi generati dalla <span class=\"_ _5\"></span>costruzione, </div><div class=\"t m0 x23 h43 y179 ff5 fs1 fc1 sc0 ls0 ws0\">o  miglioramento,  delle  infrastruttur<span class=\"_ _3\"></span>e  detenute  in  concessione  in  applicazione  del  modello  contabile  d<span class=\"_ _3\"></span>ell\u2019attivit\u00e0 </div><div class=\"t m0 x23 h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">immateriale previsto p<span class=\"_ _3\"></span>er i servizi pubblici in c<span class=\"_ _3\"></span>oncessione.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _4\"> </span>le <span class=\"_ _10\"> </span>particola<span class=\"_ _3\"></span>ri <span class=\"_ _4\"> </span>t<span class=\"_ _5\"></span>ipologie  di <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _4\"> </span>che <span class=\"_ _4\"> </span>il <span class=\"_ _10\"> </span>Gruppo  presidia, <span class=\"_ _4\"> </span>i <span class=\"_ _8\"> </span><span class=\"ff5\">\u201cRicavi  delle <span class=\"_ _4\"> </span>v<span class=\"_ _5\"></span>endite  e <span class=\"_ _10\"> </span>prestazi<span class=\"_ _3\"></span>oni\u201d <span class=\"_ _4\"> </span>accolgono </span></div><div class=\"t m0 x23 h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\">stanziamenti <span class=\"_ _f\"> </span>significativi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>erogazioni <span class=\"_ _d\"> </span>ef<span class=\"_ _5\"></span>fettuate <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>finali <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>ancora <span class=\"_ _f\"> </span>fatturati  a<span class=\"_ _3\"></span>lla <span class=\"_ _f\"> </span>data <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>bilancio. <span class=\"_ _f\"> </span>Si </div><div class=\"t m0 x23 h3 y17e ff1 fs1 fc1 sc0 ls0 ws0\">riportano <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valori <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>fatture <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>emettere <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>competenza <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>tre <span class=\"_ _5\"></span>commodity <span class=\"_ _5\"></span>pi\u00f9 </div><div class=\"t m0 x23 h3 y17f ff1 fs1 fc1 sc0 ls0 ws0\">impattate dalla stima d<span class=\"_ _3\"></span>ei ratei di fine esercizi<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> </div></div><div class=\"c w111 h3c gs85\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h3c gs86\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h3c gs87\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gs88\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Gas vendita </div></div><div class=\"c w111 h3c gs89\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">465,7 </div></div><div class=\"c w112 h3c gs8a\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">405,2 </div></div><div class=\"c w111 h3c gs8b\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">60,5 </div></div><div class=\"c w110 h3c gs8c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Energia elettrica ve<span class=\"_ _3\"></span>ndita </div></div><div class=\"c w111 h3c gs8d\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">397,9 </div></div><div class=\"c w112 h3c gs8e\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">305,5<span class=\"fc10\"> </span></div></div><div class=\"c w111 h3c gs8f\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">92,4 </div></div><div class=\"c w110 h98 gs90\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Acqua </div></div><div class=\"c w111 h98 gs91\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">269,1 </div></div><div class=\"c w112 h98 gs92\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">174,7<span class=\"fc10\"> </span></div></div><div class=\"c w111 h98 gs93\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">94,4 </div></div><div class=\"c w110 h90 gs94\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h90 gs95\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">1.132,7 </div></div><div class=\"c w112 h90 gs96\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">885,4 </div></div><div class=\"c w111 h90 gs97\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">247,3 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 yb08 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y73a ff1 fs1 fc1 sc0 ls0 ws0\">Di seguito si riporta l<span class=\"_ _3\"></span>a suddivisione dei rica<span class=\"_ _3\"></span>vi <span class=\"_ _5\"></span>delle vendite e presta<span class=\"_ _3\"></span>zioni per area geografica. </div><div class=\"t m0 x23 h3 y1834 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs98\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h3c gs99\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h3c gs9a\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gs9b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Italia </div></div><div class=\"c w111 h3c gs9c\"><div class=\"t m0 xac hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">10.966,4 </div></div><div class=\"c w112 h3c gs9d\"><div class=\"t m0 xac hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">11.933,7 </div></div><div class=\"c w111 h3c gs9e\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(967,3) </div></div><div class=\"c w110 h3c gs9f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Unione Europea </div></div><div class=\"c w111 h3c gsa0\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">572,8 </div></div><div class=\"c w112 h3c gsa1\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.924,1 </div></div><div class=\"c w111 h3c gsa2\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(1.351,3) </div></div><div class=\"c w110 h90 gsa3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Extra Unione Euro<span class=\"_ _3\"></span>pea </div></div><div class=\"c w111 h90 gsa4\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.519,2 </div></div><div class=\"c w112 h90 gsa5\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.552,8 </div></div><div class=\"c w111 h90 gsa6\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(33,6) </div></div><div class=\"c w110 h3c gsa7\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsa8\"><div class=\"t m0 xac h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">13.058,4 </div></div><div class=\"c w112 h3c gsa9\"><div class=\"t m0 xac h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">15.410,6 </div></div><div class=\"c w111 h3c gsaa\"><div class=\"t m0 x8c h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(2.352,2) </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 y8d5 ff1 fs1 fc1 sc0 ls0 ws0\">I <span class=\"_ _6\"></span>ricavi <span class=\"_ _7\"></span>realizzati <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fuori <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>territorio <span class=\"_ _7\"></span>nazionale <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>riferi<span class=\"_ _3\"></span>scono <span class=\"_ _6\"></span>principalme<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>a<span class=\"ff5\">ll\u2019attivit\u00e0 <span class=\"_ _7\"></span></span>di <span class=\"_ _6\"></span>vendita <span class=\"_ _7\"></span><span class=\"ff5\">all\u2019ingrosso <span class=\"_ _7\"></span>del </span></div><div class=\"t m0 x23 h3 y509 ff1 fs1 fc1 sc0 ls0 ws0\">gas <span class=\"_ _6\"></span>n<span class=\"_ _5\"></span>aturale <span class=\"_ _e\"></span><span class=\"ff5\">e <span class=\"_ _e\"> </span>dell\u2019energia <span class=\"_ _6\"></span>elettrica<span class=\"_ _5\"></span></span>, <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>cui <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>ammonta <span class=\"_ _e\"></span><span class=\"ls10\">a <span class=\"_ _6\"></span></span>1<span class=\"_ _5\"></span>.997 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _e\"> </span>(3.383,3 </div><div class=\"t m0 x23 h3 y50a ff1 fs1 fc1 sc0 ls0 ws0\">milioni di euro al 31 <span class=\"_ _3\"></span>dicembre 2023). </div><div class=\"t m0 x23 h3 y8d8 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y24f ff5 fs1 fc1 sc0 ls0 ws0\">\u201cVariazione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>lavori <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>semilavorati\u201d<span class=\"_ _3\"></span>, <span class=\"_ _e\"> </span>accoglie <span class=\"_ _6\"></span>l\u2019effetto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>dell\u2019esercizio <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>variazioni <span class=\"_ _7\"></span>dei <span class=\"_ _e\"> </span>lavori </div><div class=\"t m0 x23 h3 y250 ff1 fs1 fc1 sc0 ls0 ws0\">conto <span class=\"_ _6\"></span>terzi, <span class=\"_ _7\"></span>determinati <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>percentuale <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>stato <span class=\"_ _6\"></span>avanzament<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>lavori. <span class=\"_ _e\"></span><span class=\"ls56\">\u00c8 <span class=\"_ _6\"></span></span>principalmente <span class=\"_ _6\"></span>ricon<span class=\"_ _3\"></span>ducibile <span class=\"_ _6\"></span>ai </div><div class=\"t m0 x23 h3 y8db ff1 fs1 fc1 sc0 ls0 ws0\">lavori <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _f\"> </span>efficientamento <span class=\"_ _d\"> </span>energetico <span class=\"_ _d\"> </span>effettuati <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>finali, <span class=\"_ _f\"> </span>tipicamente <span class=\"_ _d\"> </span>condomini. <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>variazione <span class=\"_ _d\"> </span>rispetto <span class=\"_ _f\"> </span>al </div><div class=\"t m0 x23 h3 y252 ff1 fs1 fc1 sc0 ls0 ws0\">periodo d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>confronto riflette <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>riduzione delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>incentivate <span class=\"_ _5\"></span>sui <span class=\"_ _5\"></span>servizi per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>sparmio energetico </div><div class=\"t m0 x23 h3 y253 ff1 fs1 fc1 sc0 ls0 ws0\">negli edifici abitativi, tipicam<span class=\"_ _3\"></span>ente condomini, a seguito del sostan<span class=\"_ _3\"></span>ziale termine del<span class=\"_ _7\"></span><span class=\"ff5\">l\u2019agevolazion<span class=\"_ _3\"></span>e<span class=\"ff1\"> superbonus 110% e, </span></span></div><div class=\"t m0 x23 h3 y1588 ff1 fs1 fc1 sc0 ls0 ws0\">pi\u00f9 <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>general<span class=\"_ _3\"></span>e, <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>restrizi<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>normative <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ncentivi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>interventi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>efficie<span class=\"_ _3\"></span>ntamento <span class=\"_ _6\"></span>energetico<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y255 ff1 fs1 fc1 sc0 ls0 ws0\">delle abitazioni. </div><div class=\"t m0 x23 h3 y256 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1589 ff1 fs1 fc1 sc0 ls0 ws0\">I <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>ver<span class=\"_ _3\"></span>so <span class=\"_ _6\"></span>parti <span class=\"_ _7\"></span>correlate <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>illu<span class=\"_ _3\"></span>strati <span class=\"_ _6\"></span>n<span class=\"_ _5\"></span>el <span class=\"_ _6\"></span>paragr<span class=\"_ _3\"></span>afo <span class=\"_ _6\"></span><span class=\"ff5\">2.03.01 <span class=\"_ _6\"></span>\u201cConto <span class=\"_ _7\"></span>economico <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>delib<span class=\"_ _3\"></span>era <span class=\"_ _6\"></span>Consob </span></div><div class=\"t m0 x23 h3 y50d ff5 fs1 fc1 sc0 ls0 ws0\">15519/2006\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y50e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y158a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 ycaf ff8 fsa fc2 sc0 ls0 ws0\">2<span class=\"ls55\">  <span class=\"ls24\">Altri </span></span>proventi </div><div class=\"t m0 x23 h3 y53e ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h98 gsab\"><div class=\"t m0 x7 h13 yddf ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h98 gsac\"><div class=\"t m0 x7 h13 yddf ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h98 gsad\"><div class=\"t m0 x99 h13 yddf ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gsae\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Certificati bianchi<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gsaf\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">40,3 </div></div><div class=\"c w112 h3c gsb0\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">47,1 </div></div><div class=\"c w111 h3c gsb1\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(6,8) </div></div><div class=\"c w110 h3c gsb2\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Contributi in conto <span class=\"_ _3\"></span>esercizio </div></div><div class=\"c w111 h3c gsb3\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">16,5 </div></div><div class=\"c w112 h3c gsb4\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">86,2 </div></div><div class=\"c w111 h3c gsb5\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(69,7) </div></div><div class=\"c w110 h3c gsb6\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Quote contributi in <span class=\"_ _3\"></span>conto impianti </div></div><div class=\"c w111 h3c gsb7\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">14,5 </div></div><div class=\"c w112 h3c gsb8\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">13,3 </div></div><div class=\"c w111 h3c gsb9\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,2 </div></div><div class=\"c w110 h3c gsba\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Plusvalenze da <span class=\"_ _3\"></span>cessione asset </div></div><div class=\"c w111 h3c gsbb\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,8 </div></div><div class=\"c w112 h3c gsbc\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,8 </div></div><div class=\"c w111 h3c gsbd\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,0 </div></div><div class=\"c w110 h3c gsbe\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri proventi </div></div><div class=\"c w111 h3c gsbf\"><div class=\"t m0 x4b hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">79,6 </div></div><div class=\"c w112 h3c gsc0\"><div class=\"t m0 x4b hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">85,6 </div></div><div class=\"c w111 h3c gsc1\"><div class=\"t m0 x2 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">(6,0) </div></div><div class=\"c w110 h90 gsc2\"><div class=\"t m0 x0 h13 yd7 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h90 gsc3\"><div class=\"t m0 x99 h13 yd7 ff2 fs3 fc1 sc0 ls0 ws0\">154,7 </div></div><div class=\"c w112 h90 gsc4\"><div class=\"t m0 x99 h13 yd7 ff2 fs3 fc1 sc0 ls0 ws0\">234,0 </div></div><div class=\"c w111 h90 gsc5\"><div class=\"t m0 x98 h13 yd7 ff2 fs3 fc1 sc0 ls0 ws0\">(79,3) </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h43 yc1e ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCertificati <span class=\"_ _d\"> </span>bianchi\u201d, <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>alcolati <span class=\"_ _d\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _d\"> </span>degli <span class=\"_ _d\"> </span>o<span class=\"_ _5\"></span>biettivi <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>fficienza <span class=\"_ _d\"> </span>energetica <span class=\"_ _d\"> </span>affidati <span class=\"_ _f\"> </span>alle<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 yc1f ff1 fs1 fc1 sc0 ls0 ws0\">societ\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distribuzione <span class=\"_ _6\"></span>gas <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>energia <span class=\"_ _e\"></span>elettrica <span class=\"_ _e\"></span>stabiliti <span class=\"_ _6\"></span>dal <span class=\"_ _e\"> </span>Gse <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>regolati <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>della <span class=\"_ _6\"></span>Cassa <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>servizi </div><div class=\"t m0 x23 h3 yc20 ff1 fs1 fc1 sc0 ls0 ws0\">energetici e ambientali, pari a 40,3 milioni di euro (47,1 milioni di euro al 31 dicembre 2023). <span class=\"_ _7\"></span>La variazione rispetto al<span class=\"_ _75\"> </span> </div></div>308<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>precedente <span class=\"_ _e\"> </span>esercizio, <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>sostanziale <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>arit\u00e0 <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ia <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>contributo <span class=\"_ _d\"> </span>tariffario <span class=\"_ _e\"> </span>riconosciuto <span class=\"_ _d\"> </span>sia  <span class=\"ff5\">dell\u2019obbligo<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>assegnato <span class=\"_ _d\"> </span>per </span>l\u2019anno<span class=\"ff1\"> <span class=\"_ _6\"></span>2024 <span class=\"_ _e\"></span>alle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>istribuzione <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>Gruppo<span class=\"_ _75\"> </span></span><span class=\"ff1\">, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>dovuta <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>o<span class=\"_ _5\"></span>perazioni <span class=\"_ _6\"></span>effettuate <span class=\"_ _6\"></span>nel </span>periodo corrente in rel<span class=\"_ _3\"></span>azione al meccanismo di r<span class=\"_ _3\"></span>iscatto di titoli virtuali u<span class=\"_ _3\"></span>tilizzati negli esercizi <span class=\"_ _3\"></span>precedenti.<span class=\"_ _7\"></span> \u201cContributi <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>esercizi<span class=\"_ _3\"></span>o\u201d<span class=\"ff1\">,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rappresentati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>principalmente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>a <span class=\"_ _e\"></span>contributi <span class=\"_ _6\"></span>ricevut<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span><span class=\"ff5\">per <span class=\"_ _6\"></span>l\u2019esercizio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di </span></span>produzione <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _e\"></span>da <span class=\"_ _d\"> </span>fonti <span class=\"_ _d\"> </span>rinnovabili. <span class=\"_ _f\"> </span>La <span class=\"_ _e\"> </span>contrazione <span class=\"_ _d\"> </span>significativa <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>periodo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>confronto <span class=\"_ _d\"> </span>\u00e8 dovuta: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _6\"></span>conclusione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>meccanismi <span class=\"_ _6\"></span>previsti <span class=\"_ _6\"></span>dai <span class=\"_ _6\"></span>decreti <span class=\"_ _e\"></span>governativi <span class=\"_ _6\"></span><span class=\"ff5\">che <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>susseguiti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>partire <span class=\"_ _6\"></span>dall\u2019esercizi<span class=\"_ _1\"></span>o </span></span></span>2022 <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>far <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>ronte <span class=\"_ _6\"> </span>all\u2019emergenza <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>caro <span class=\"_ _e\"> </span>energia, <span class=\"_ _d\"> </span>che <span class=\"_ _6\"> </span>hanno <span class=\"_ _e\"> </span>comportato <span class=\"_ _e\"> </span>nell\u2019esercizio <span class=\"_ _6\"> </span>2023 <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>rilevazione sotto forma di crediti<span class=\"_ _3\"></span> d\u2019imposta<span class=\"ff1\"> <span class=\"lse\">di</span> <span class=\"_ _5\"></span>contributi gas e<span class=\"_ _3\"></span>d energia elettrica, par<span class=\"_ _3\"></span>i a 43,3 milioni di <span class=\"_ _3\"></span>euro<span class=\"_ _5\"></span>;<span class=\"_ _75\"> </span></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _7\"></span>rilevazione <span class=\"_ _7\"></span><span class=\"ff5\">nel <span class=\"_ _6\"></span>corso <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _5\"></span>precedente<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontributi <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>fronte <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>rist<span class=\"_ _3\"></span>oro <span class=\"_ _7\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>costi <span class=\"_ _6\"></span>op<span class=\"_ _3\"></span>erativi <span class=\"_ _7\"></span>sostenuti </span></span>per <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>dell\u2019emergenza <span class=\"_ _5\"></span>alluvionale <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>ha <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>olpito <span class=\"_ _5\"></span>l\u2019Emilia<span class=\"_ _5\"></span><span class=\"ff1\">-<span class=\"_ _5\"></span>Romagna<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>alcune <span class=\"_ _5\"></span>regioni <span class=\"_ _7\"></span>limitrofe <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>mese </span>di maggio 2023, pari a 35,7 mil<span class=\"_ _3\"></span>ioni di euro. \u201cQuote <span class=\"_ _7\"></span>contributi <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>impianti\u201d <span class=\"_ _7\"></span>rappresenta<span class=\"_ _5\"></span><span class=\"ff1 ls10\">no<span class=\"ls0\"> <span class=\"_ _7\"></span></span></span>le <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>ponenti <span class=\"_ _7\"></span>economiche <span class=\"_ _7\"></span>positive <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ompetenza <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019esercizio<span class=\"ff1\"> </span>correlate alle quote di ammort<span class=\"_ _3\"></span>amento relative agli investimenti <span class=\"_ _3\"></span>oggetto di contributi. \u201cAltri <span class=\"_ _6\"></span><span class=\"ff1\">proventi</span><span class=\"ls13\">\u201d <span class=\"_ _6\"> </span></span><span class=\"ff1\">accolgono, <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>altri, <span class=\"_ _6\"></span>recuperi <span class=\"_ _6\"></span>spese <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>18,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(13,6 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre<span class=\"_ _3\"></span> </span>2023) <span class=\"ls10\">e </span>rimborsi<span class=\"_ _3\"></span> assicurativi per 9,9 mili<span class=\"_ _3\"></span>oni di euro (13,3 mili<span class=\"_ _3\"></span>oni di euro al 31 dicem<span class=\"_ _3\"></span>bre 2023).<span class=\"_ _5\"></span> Si ricorda che <span class=\"ff5\">il prospetto di conto economico pubblicato per l\u2019eser<span class=\"_ _3\"></span>cizio 2023<span class=\"_ _5\"></span><span class=\"ff1\"> accoglieva la voce </span>\u201c<span class=\"_ _5\"></span>Commesse a lung<span class=\"_ _3\"></span>o </span>termine\u201d <span class=\"_ _5\"></span><span class=\"ff1\">nel <span class=\"_ _5\"></span>rigo <span class=\"_ _5\"></span></span>\u201cAltri <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>operati<span class=\"ff1 ls11\">vi</span>\u201d <span class=\"_ _5\"></span>(ora <span class=\"_ _5\"></span>ridenominat<span class=\"ff1\">o <span class=\"_ _5\"></span></span>\u201cAltri <span class=\"_ _5\"></span>proventi\u201d). <span class=\"_ _5\"></span>Come <span class=\"_ _5\"></span>gi\u00e0 <span class=\"_ _5\"></span>esposto a<span class=\"_ _5\"></span>lla Not<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>\u201cRicavi\u201d, al<span class=\"_ _5\"></span>la quale <span class=\"_ _d\"> </span>si <span class=\"_ _d\"> </span>rimanda <span class=\"_ _e\"> </span>per <span class=\"_ _f\"> </span>maggiori<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>dettagli, <span class=\"_ _d\"> </span>tale <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>oce <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>tata <span class=\"_ _f\"> </span>esposta <span class=\"_ _d\"> </span>al <span class=\"_ _e\"> </span>3<span class=\"_ _5\"></span>1 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _d\"> </span>2024, <span class=\"_ _f\"> </span>anche<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>di confronto, tra i ricavi<span class=\"_ _3\"></span> delle vendite e presta<span class=\"_ _3\"></span>zioni<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span> 3  Materie prim<span class=\"_ _3\"></span>e e materiali 2024 2023 VAR. Materie prime 6.682,4 9.416,0 (2.733,6) Certificati ambientali<span class=\"_ _3\"></span> 67,2 117,7 (50,5) Materie plastiche<span class=\"_ _3\"></span> 65,5 57,1 8,4 Oneri e proventi da d<span class=\"_ _3\"></span>erivati (30,8) (188,7) 157,9 Materiali di manute<span class=\"_ _3\"></span>nzione e vari 272,1 270,1 2,0 Totale 7.056,4 9.672,2 (2.615,8) \u201cMaterie <span class=\"_ _6\"> </span>prime\u201d, <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>netto <span class=\"_ _e\"> </span>della <span class=\"_ _6\"></span>variazione <span class=\"_ _e\"> </span>delle <span class=\"_ _6\"> </span>scorte<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>delle <span class=\"_ _e\"></span>svalutazioni <span class=\"_ _6\"></span>appostate<span class=\"_ _5\"></span>, <span class=\"_ _e\"></span>includono <span class=\"_ _6\"></span>principalmente <span class=\"_ _e\"> </span>gli </span>approvvigionamenti di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>metano, energia elettrica <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>acqua<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>destinati alla <span class=\"_ _5\"></span>vendita<span class=\"ls16\">. <span class=\"_ _5\"></span></span>In v<span class=\"_ _5\"></span>ia residuale, <span class=\"_ _5\"></span>includono anche<span class=\"_ _5\"></span> gli <span class=\"_ _5\"></span>approvvigionamenti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>metano <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>energia <span class=\"_ _5\"></span>elettrica <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>alimentare <span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>impianti produttivi <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>Gruppo, <span class=\"_ _5\"></span>oltre <span class=\"_ _5\"></span>che gli <span class=\"_ _5\"></span>acquisti <span class=\"_ _5\"></span>di c<span class=\"_ _5\"></span>ombustibili e <span class=\"_ _5\"></span>lubrificanti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>gestione delle <span class=\"_ _5\"></span>flotte.<span class=\"_ _7\"></span> <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>decremento <span class=\"_ _5\"></span>del periodo<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>in analogia <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>quanto illustrato nella Nota 1 \u201c<span class=\"_ _5\"></span>Ricavi\u201d,<span class=\"ff1\"> \u00e8 d<span class=\"_ _5\"></span>ovuto alla riduzione dei prezzi di approvvigionamento delle commodity energetich<span class=\"_ _5\"></span><span class=\"lse\">e </span></span>e <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>gas <span class=\"_ _5\"></span>metano <span class=\"_ _5\"></span>venduti <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>clienti <span class=\"_ _5\"></span>finali, <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>parzialmente compensato<span class=\"_ _5\"></span> <span class=\"ff5\">d<span class=\"_ _5\"></span>all\u2019aument<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>volumi <span class=\"_ _5\"></span><span class=\"ff1\">venduti </span></span>ai clienti finali dell\u2019<span class=\"_ _3\"></span>energia elettrica<span class=\"ff1\"> e dei volumi intermediati. </span>\u201cCertificati <span class=\"_ _22\"> </span>ambientali\u201d <span class=\"_ _c\"> </span>i<span class=\"_ _5\"></span>ncludono <span class=\"_ _c\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _22\"> </span>costo <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>acquisto <span class=\"_ _11\"> </span><span class=\"ff1\">a <span class=\"_ _22\"> </span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>mercato <span class=\"_ _22\"> </span>dei <span class=\"_ _22\"> </span>certificati <span class=\"_ _22\"> </span>bianchi, <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>cui </span>approvvigionamento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>efinito <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>funzione <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>obblighi <span class=\"_ _7\"></span>assegnati <span class=\"_ _6\"></span>alle <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>distribuzione. <span class=\"_ _6\"></span>Tale <span class=\"_ _7\"></span>voce <span class=\"_ _6\"></span>accoglie altres\u00ec <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>tit<span class=\"_ _3\"></span>oli <span class=\"_ _6\"></span>ambientali <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>portafoglio <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>negoziazione <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>stituiti <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>certificati <span class=\"_ _6\"></span>grigi, <span class=\"_ _e\"> </span><span class=\"ff5\">i <span class=\"_ _6\"></span>certificati <span class=\"_ _6\"></span>d\u2019orig<span class=\"_ _3\"></span>ine <span class=\"_ _6\"></span>dell\u2019<span class=\"ff1\">energia </span></span>elettrica <span class=\"_ _6\"></span>proveniente <span class=\"_ _e\"></span>da <span class=\"_ _6\"></span>f<span class=\"_ _5\"></span>onti <span class=\"_ _6\"></span>rinnovabili <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _e\"></span>a <span class=\"_ _6\"></span>contratti <span class=\"_ _e\"></span>sottoscritti <span class=\"_ _6\"></span>con <span class=\"_ _e\"> </span>clienti <span class=\"_ _6\"></span>f<span class=\"_ _5\"></span>inali<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>oltre <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>va<span class=\"_ _5\"></span>lorizzazione<span class=\"_ _3\"></span> degli <span class=\"_ _e\"> </span>impegni <span class=\"_ _d\"> </span>dei <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ontratti <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>compravendita <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>quote <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>missione <span class=\"_ _e\"> </span>gas <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>erra. <span class=\"_ _f\"> </span><span class=\"ff5\">Il <span class=\"_ _e\"> </span>decremento <span class=\"_ _e\"> </span>rispetto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio </span>precedente <span class=\"_ _6\"></span><span class=\"ls10\">\u00e8 <span class=\"_ _7\"></span></span>sostanzialmente <span class=\"_ _6\"></span>relativo <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>numerosit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mprave<span class=\"_ _3\"></span>ndita <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ertificati <span class=\"_ _7\"></span>grigi <span class=\"_ _6\"></span>del portafoglio di negozi<span class=\"_ _3\"></span>azione. \u201cMaterie <span class=\"_ _5\"></span>plastiche\u201d, a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>netto d<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>variazione delle <span class=\"_ _5\"></span>scorte, <span class=\"_ _5\"></span>includono <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisto <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>materie <span class=\"_ _5\"></span>prime <span class=\"_ _5\"></span>plastiche oggetto di <span class=\"_ _5\"></span>successiva <span class=\"_ _5\"></span>lavorazione e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">trasformazio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>nell\u2019ambito dei <span class=\"_ _5\"></span>processi della <span class=\"_ _5\"></span>societ\u00e0 Aliplast <span class=\"_ _5\"></span>Spa. <span class=\"_ _7\"></span><span class=\"ff1\">La <span class=\"_ _5\"></span>variazione </span></span>dei costi<span class=\"ff5\">, <span class=\"_ _5\"></span>a sostanziale parit\u00e0 <span class=\"_ _5\"></span>di volumi, \u00e8 <span class=\"_ _5\"></span>dipesa dall\u2019incremento dei p<span class=\"_ _5\"></span>rezzi che si <span class=\"_ _5\"></span>\u00e8 verificato <span class=\"_ _5\"></span>nel corso dell\u2019esercizio </span>2024, dovuto a <span class=\"ff5\">una maggior <span class=\"_ _3\"></span>competizione nel meccanism<span class=\"_ _3\"></span>o d\u2019asta per l\u2019acq<span class=\"_ _3\"></span>uisto degli scarti<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>\u201cOneri <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>proventi <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>derivati\u201d<span class=\"ff1\">, <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _5\"></span>derivati <span class=\"_ _7\"></span>su <span class=\"_ _5\"></span>commodity, <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>alla <span class=\"_ _6\"></span></span>nota <span class=\"_ _7\"></span>29 <span class=\"_ _5\"></span>\u201cStrumenti derivati\u201d <span class=\"ff1\">a cui si rimanda<span class=\"_ _3\"></span> per <span class=\"ff5\">un\u2019analisi su natura e andament<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span><span class=\"ff1\">.</span></span></span><span class=\"ff1\"><span class=\"ff5\"><span class=\"ff1\"> </span></span></span><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">309<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y172 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cMateriali di <span class=\"_ _5\"></span>manutenzione e<span class=\"_ _5\"></span> vari\u201d, <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>della v<span class=\"_ _5\"></span>ariazione delle <span class=\"_ _5\"></span>scorte, accolgono <span class=\"_ _5\"></span>principalmente i <span class=\"_ _5\"></span>beni d<span class=\"_ _5\"></span>i consumo </div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">utilizzati <span class=\"_ _7\"></span>ne<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>gestione <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>opera<span class=\"_ _3\"></span>tive <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>e, <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ia <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>esiduale, <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>prodotti <span class=\"_ _7\"></span>acquistati <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>rivendita <span class=\"_ _7\"></span>a </div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">clienti finali.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h2 y1b99 ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1c12 ff8 fsa fc2 sc0 ls0 ws0\">4  Costi per ser<span class=\"_ _3\"></span>vizi </div><div class=\"t m0 x23 h3 y1802 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsc8\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h3c gsc9\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h3c gsca\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h90 gscb\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Vettoriamento e st<span class=\"_ _3\"></span>occaggio </div></div><div class=\"c w111 h90 gscc\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.982,1 </div></div><div class=\"c w112 h90 gscd\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.221,2 </div></div><div class=\"c w111 h90 gsce\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">760,9 </div></div><div class=\"c w110 h3c gscf\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Servizi di trasporto, s<span class=\"_ _3\"></span>maltimento e racc<span class=\"_ _3\"></span>olta rifiuti </div></div><div class=\"c w111 h3c gsd0\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">580,1 </div></div><div class=\"c w112 h3c gsd1\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">560,4 </div></div><div class=\"c w111 h3c gsd2\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">19,7 </div></div><div class=\"c w110 h3c gsd3\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Spese per lavori e <span class=\"_ _3\"></span>manutenzioni </div></div><div class=\"c w111 h3c gsd4\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">548,3 </div></div><div class=\"c w112 h3c gsd5\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.252,0 </div></div><div class=\"c w111 h3c gsd6\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(703,7) </div></div><div class=\"c w110 h3c gsd7\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Servizi tecnici </div></div><div class=\"c w111 h3c gsd8\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">116,6 </div></div><div class=\"c w112 h3c gsd9\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">161,9 </div></div><div class=\"c w111 h3c gsda\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(45,3) </div></div><div class=\"c w110 h3c gsdb\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Servizi informati<span class=\"_ _3\"></span>vi ed elaborazione dati </div></div><div class=\"c w111 h3c gsdc\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">94,9 </div></div><div class=\"c w112 h3c gsdd\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">83,3 </div></div><div class=\"c w111 h3c gsde\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">11,6 </div></div><div class=\"c w110 h3c gsdf\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Canoni corrisposti <span class=\"_ _3\"></span>a enti locali </div></div><div class=\"c w111 h3c gse0\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">72,5 </div></div><div class=\"c w112 h3c gse1\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">64,3 </div></div><div class=\"c w111 h3c gse2\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">8,2 </div></div><div class=\"c w110 h3c gse3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Prestazioni professio<span class=\"_ _3\"></span>nali </div></div><div class=\"c w111 h3c gse4\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">64,5 </div></div><div class=\"c w112 h3c gse5\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">56,6 </div></div><div class=\"c w111 h3c gse6\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">7,9 </div></div><div class=\"c w110 h98 gse7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi per servizi di<span class=\"_ _3\"></span>versi </div></div><div class=\"c w111 h98 gse8\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">265,9 </div></div><div class=\"c w112 h98 gse9\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">256,2 </div></div><div class=\"c w111 h98 gsea\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">9,7 </div></div><div class=\"c w110 h3c gseb\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsec\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">3.724,9 </div></div><div class=\"c w112 h3c gsed\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">3.655,9 </div></div><div class=\"c w111 h3c gsee\"><div class=\"t m0 x4b h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">69,0 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 y104 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cVettoriamento e sto<span class=\"_ _3\"></span>ccaggio\u201d, comprendono i c<span class=\"_ _3\"></span>osti<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"ls10\">di</span> trasporto <span class=\"_ _3\"></span>e stoccaggio del gas e q<span class=\"_ _3\"></span>uelli di distribuzione del gas e </span></div><div class=\"t m0 x23 h3 y912 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019energia <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span>lettrica <span class=\"_ _6\"></span>comprensivi <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>oneri <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>sistema.<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _e\"> </span></span>Quest\u2019ultimi, <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>particolare, <span class=\"_ _e\"> </span>rappres<span class=\"_ _3\"></span>entano <span class=\"_ _d\"> </span><span class=\"ff1\">componenti <span class=\"_ _e\"></span>di </span></div><div class=\"t m0 x23 h3 y106 ff1 fs1 fc1 sc0 ls0 ws0\">costo addebitate<span class=\"_ _5\"></span> ai <span class=\"_ _5\"></span>clienti <span class=\"_ _5\"></span>finali e <span class=\"_ _5\"></span>quindi sostanzialmente invarianti sui <span class=\"_ _5\"></span>risultati del <span class=\"_ _5\"></span>Gruppo.<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>La variazione <span class=\"_ _5\"></span>rispetto allo </div><div class=\"t m0 x23 h3 y107 ff1 fs1 fc1 sc0 ls0 ws0\">scorso esercizio \u00e8 principalme<span class=\"_ _3\"></span>nte attribuibile: </div><div class=\"t m0 x23 h5a y855 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 ls10\">ai<span class=\"ls0\"> <span class=\"_ _5\"></span>maggiori <span class=\"_ _5\"></span>oneri <span class=\"_ _5\"></span></span>di<span class=\"ls0\"> <span class=\"_ _5\"></span>sistema <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span></span>ai<span class=\"ls0\"> <span class=\"_ _5\"></span>business <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span><span class=\"lse\">gas</span> <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">dell\u2019energia</span> <span class=\"_ _5\"></span>elettrica, <span class=\"_ _5\"></span><span class=\"ls23\">in</span> <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>conclusione <span class=\"_ _5\"></span>degli </span></span></span></div><div class=\"t m0 x63 h3 y856 ff1 fs1 fc1 sc0 ls0 ws0\">effetti delle disposizioni normative c<span class=\"_ _5\"></span>he negli esercizi precedenti, per <span class=\"_ _5\"></span>far fronte alla cr<span class=\"_ _5\"></span>isi energetica, erano arrivati </div><div class=\"t m0 x63 h3 y1c16 ff1 fs1 fc1 sc0 ls0 ws0\">a determinare <span class=\"lsf\">la</span> loro rid<span class=\"_ _3\"></span>uzione o annullamento; </div><div class=\"t m0 x23 h5a y7d2 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _5\"></span>maggiori costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>distribuzione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">d<span class=\"_ _5\"></span>ell\u2019energia elettrica <span class=\"_ _5\"></span>principalmen<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>attribuibili all\u2019aumento dei <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>venduti<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"lse\">e </span></span></span></span></span></div><div class=\"t m0 x63 h3 y2df ff1 fs1 fc1 sc0 ls0 ws0\">della clientela servita; </div><div class=\"t m0 x23 h5a y14f0 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>stoccaggio <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>trasporto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>gas <span class=\"_ _e\"></span>metano <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _e\"> </span>sia <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>volumi <span class=\"_ _6\"></span>gestiti <span class=\"_ _6\"></span>direttamente </span></span></div><div class=\"t m0 x63 h3 y14f1 ff1 fs1 fc1 sc0 ls0 ws0\">sulle cabine Remi sia alle minori tariffe <span class=\"ff5\">d<span class=\"_ _3\"></span>ell\u2019esercizio 2024 <span class=\"ff1\">addebitate d<span class=\"_ _3\"></span>al trasportatore nazional<span class=\"_ _3\"></span>e. </span></span></div><div class=\"t m0 x23 h3 y1c17 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1c18 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cServizi <span class=\"_ _5\"></span>di trasporto, <span class=\"_ _5\"></span>smaltimento e <span class=\"_ _5\"></span>raccolta <span class=\"_ _5\"></span>rifiuti\u201d comprendono pr<span class=\"_ _5\"></span>incipalmente i <span class=\"_ _5\"></span>costi operativi r<span class=\"_ _5\"></span>elativi alle <span class=\"_ _5\"></span>attivit\u00e0 d<span class=\"_ _5\"></span>i<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y16cf ff1 fs1 fc1 sc0 ls0 ws0\">igiene urbana e trattam<span class=\"_ _3\"></span>ento rifiuti. La variazione rispetto <span class=\"ff5\">all\u2019</span>esercizio precede<span class=\"_ _3\"></span>nte \u00e8 riconducibile principalmente: </div><div class=\"t m0 x23 h5a y1c19 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019attivazione di <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>integrativi e <span class=\"_ _5\"></span>progetti finalizzati a<span class=\"_ _5\"></span>ll\u2019ottenimento di u<span class=\"_ _5\"></span>na maggiore <span class=\"_ _5\"></span>raccolta differenziata<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>che </span></span></span></div><div class=\"t m0 x63 h3 y1c1a ff1 fs1 fc1 sc0 ls0 ws0\">comportano anche <span class=\"ff5\">un incr<span class=\"_ _3\"></span>emento dei ricavi dell\u2019es<span class=\"_ _3\"></span>ercizio<span class=\"ff1\">;<span class=\"_ _75\"> </span></span></span><span class=\"ff5\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h5a y1c1b ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _5\"></span>maggiori costi di <span class=\"_ _5\"></span>trasporto <span class=\"_ _5\"></span>e trattamento <span class=\"_ _5\"></span>rifiuti, dovuti <span class=\"_ _5\"></span>sia ai <span class=\"_ _5\"></span>maggiori volumi sia <span class=\"_ _5\"></span>a<span class=\"ff5 lsf\">ll\u2019</span>incremento dei <span class=\"_ _5\"></span>costi unitari </span></span></div><div class=\"t m0 x63 h3 y144f ff1 fs1 fc1 sc0 ls0 ws0\">del servizio. </div><div class=\"t m0 x23 h3 y21e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yed7 ff1 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _6\"></span>se<span class=\"_ _5\"></span>gnala <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>accoglie <span class=\"_ _e\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>sostenuti <span class=\"_ _e\"></span>nel <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>orso <span class=\"_ _6\"></span><span class=\"ff5\">dell\u2019esercizio <span class=\"_ _6\"> </span></span>precedente <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>l<span class=\"_ _3\"></span>e </div><div class=\"t m0 x23 h3 y1c1c ff5 fs1 fc1 sc0 ls0 ws0\">attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>trasporto, <span class=\"_ _5\"></span>stoccaggio <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>trattamento <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>rifiuti <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>all\u2019emergenza <span class=\"_ _5\"></span>alluvionale<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>maggio <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>ha </span></div><div class=\"t m0 x23 h3 y221 ff1 fs1 fc1 sc0 ls0 ws0\">interessato parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>territori nei <span class=\"_ _5\"></span>quali il <span class=\"_ _5\"></span>Gruppo \u00e8 <span class=\"_ _5\"></span>gestore <span class=\"_ _5\"></span>dei serv<span class=\"_ _5\"></span>izi di <span class=\"_ _5\"></span>pubblica utilit\u00e0<span class=\"_ _7\"></span>, <span class=\"_ _5\"></span>evento che<span class=\"_ _5\"></span> ha <span class=\"_ _5\"></span>determinato la </div><div class=\"t m0 x23 h3 y1463 ff1 fs1 fc1 sc0 ls0 ws0\">necessit\u00e0 di gestire <span class=\"_ _3\"></span>una considerevole qua<span class=\"_ _3\"></span>ntit\u00e0 di rifiuti di natura<span class=\"_ _3\"></span> non ordinaria<span class=\"_ _5\"></span>. </div><div class=\"t m0 x23 h3 y1c1d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y224 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cSpese <span class=\"_ _8\"> </span>per <span class=\"_ _2\"> </span>lavori <span class=\"_ _8\"> </span>e <span class=\"_ _2\"> </span>manutenzioni\u201d <span class=\"_ _8\"> </span>si <span class=\"_ _2\"> </span>riferiscono <span class=\"_ _2\"> </span><span class=\"ff1\">p<span class=\"_ _5\"></span>rincipalmente <span class=\"_ _8\"> </span>ai <span class=\"_ _2\"> </span>costi <span class=\"_ _8\"> </span>sostenuti <span class=\"_ _8\"> </span>p<span class=\"_ _5\"></span>er <span class=\"_ _8\"> </span>la <span class=\"_ _2\"> </span>costruzione, <span class=\"_ _8\"> </span>o <span class=\"_ _2\"> </span>il </span></div><div class=\"t m0 x23 h43 y7f3 ff5 fs1 fc1 sc0 ls0 ws0\">miglioramento, <span class=\"_ _10\"> </span>delle <span class=\"_ _10\"> </span>infrastrutture <span class=\"_ _10\"> </span>detenute <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>concessione, <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>applicazione <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>modello <span class=\"_ _10\"> </span>contabile <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0 </div><div class=\"t m0 x23 h3 y184c ff1 fs1 fc1 sc0 ls0 ws0\">immateriale <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>revisto <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>servizi <span class=\"_ _f\"> </span>pubblici <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>concessione<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _d\"> </span></span>ai<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>costi <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>manutenzione <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>impianti <span class=\"_ _d\"> </span>gestiti <span class=\"_ _f\"> </span>dal<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y227 ff1 fs1 fc1 sc0 ls0 ws0\">Gruppo <span class=\"_ _8\"> </span><span class=\"ls10\">e <span class=\"_ _10\"> </span></span>ai <span class=\"_ _8\"> </span>costi <span class=\"_ _10\"> </span>per <span class=\"_ _8\"> </span>la <span class=\"_ _10\"> </span>r<span class=\"_ _5\"></span>ealizzazione <span class=\"_ _10\"> </span>degli <span class=\"_ _8\"> </span>interv<span class=\"_ _3\"></span>enti <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>efficientamento <span class=\"_ _8\"> </span>energ<span class=\"_ _3\"></span>etico<span class=\"_ _7\"></span>. <span class=\"_ _8\"> </span>La <span class=\"_ _10\"> </span>variazione <span class=\"_ _8\"> </span>rispetto<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y1c1e ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>princi<span class=\"_ _3\"></span>palmente <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"> </span><span class=\"ff1\">alle <span class=\"_ _6\"></span>minori <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>effici<span class=\"_ _3\"></span>entamento <span class=\"_ _7\"></span>energetico <span class=\"_ _7\"></span>svolt<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>sugli <span class=\"_ _7\"></span>edifici </span></div><div class=\"t m0 x23 h3 y13eb ff1 fs1 fc1 sc0 ls0 ws0\">per <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>ia <span class=\"_ _e\"></span>delle <span class=\"_ _6\"></span>modifiche <span class=\"_ _e\"></span>normative <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span>hanno <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>fatto <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>liminato<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>possibilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>effettuare <span class=\"_ _e\"></span>lo <span class=\"_ _6\"></span>sconto <span class=\"_ _e\"> </span>in <span class=\"_ _e\"></span>fattura <span class=\"_ _e\"></span>o <span class=\"_ _6\"></span>la </div><div class=\"t m0 x23 h3 y22a ff1 fs1 fc1 sc0 ls0 ws0\">cessione del credito.  </div><div class=\"t m0 x23 h3 yac5 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y13ed ff5 fs1 fc1 sc0 ls0 ws0\">\u201cServizi <span class=\"_ _5\"></span>tecnici\u201d, <span class=\"_ _5\"></span>comprendono <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>sostenuti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>volgimento <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>pratiche <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di </div><div class=\"t m0 x23 h3 y22d ff1 fs1 fc1 sc0 ls0 ws0\">efficientamento <span class=\"_ _5\"></span>energetico <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>condo<span class=\"_ _5\"></span>mini <span class=\"_ _7\"></span><span class=\"ff5\">e <span class=\"_ _5\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>installazione <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>impianti <span class=\"_ _5\"></span>fotovoltaici <span class=\"_ _5\"></span>realizzati <span class=\"_ _5\"></span>presso <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>lienti<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y96 ff1 fs1 fc1 sc0 ls0 ws0\">finali <span class=\"_ _e\"></span>del <span class=\"_ _d\"> </span>Gruppo. <span class=\"_ _d\"> </span>Anche <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>questo <span class=\"_ _d\"> </span>caso <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ecremento <span class=\"_ _6\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>dovuto <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>le <span class=\"_ _e\"></span>minori <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>efficientamento <span class=\"_ _e\"></span>energetico </div><div class=\"t m0 x23 h3 y1218 ff1 fs1 fc1 sc0 ls0 ws0\">svolte sugli edifici. </div><div class=\"t m0 x23 h3 y230 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y683 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cServizi <span class=\"_ _8\"> </span>inf<span class=\"_ _3\"></span>ormativi <span class=\"_ _8\"> </span>ed <span class=\"_ _10\"> </span>elaborazione <span class=\"_ _10\"> </span>dati\u201d <span class=\"_ _8\"> </span>comprendo<span class=\"_ _3\"></span>no <span class=\"_ _8\"> </span>i <span class=\"_ _10\"> </span>costi <span class=\"_ _8\"> </span>operativi <span class=\"_ _10\"> </span>per <span class=\"_ _8\"> </span>la <span class=\"_ _10\"> </span>manutenzione <span class=\"_ _10\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _8\"> </span>l<span class=\"_ _3\"></span>a <span class=\"_ _8\"> </span>gestione<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y1c1f ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019infrastruttura <span class=\"_ _5\"></span>informatica <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>telecomunicazio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo, <span class=\"_ _7\"></span>oltre <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span><span class=\"ff1\">per <span class=\"_ _6\"></span>gli <span class=\"_ _5\"></span>applicativi <span class=\"_ _7\"></span>aziendali <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>istemi <span class=\"_ _7\"></span>di </span></div><div class=\"t m0 x23 h3 y233 ff1 fs1 fc1 sc0 ls0 ws0\">cyber security. </div><div class=\"t m0 x23 h3 y1c20 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div>310<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>\u201cCanoni <span class=\"_ _5\"></span>corrisposti a <span class=\"_ _5\"></span>enti locali\u201d <span class=\"_ _5\"></span>comprendono, tra <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>altri, <span class=\"_ _5\"></span>oneri sostenuti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019utilizzo delle reti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>propriet\u00e0 pubblic<span class=\"_ _6\"></span><span class=\"ff1 ls22\">a </span>e canoni <span class=\"_ _5\"></span>corrisposti alle societ\u00e0 degli asset <span class=\"_ _5\"></span>per la <span class=\"_ _5\"></span>gestione dei beni del <span class=\"_ _5\"></span>ciclo<span class=\"_ _7\"></span> idrico, gas <span class=\"_ _5\"></span>ed elettrico. Accolgono in v<span class=\"_ _5\"></span>ia residuale <span class=\"_ _d\"> </span>canoni <span class=\"_ _f\"> </span>corrisposti <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>l\u2019uso <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>reti <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>telecomunicazion<span class=\"_ _5\"></span><span class=\"ff1\">e <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>teleriscald<span class=\"_ _3\"></span>amento. <span class=\"_ _f\"> </span>La <span class=\"_ _d\"> </span>variazione <span class=\"_ _f\"> </span>rispetto </span>all\u2019esercizio <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>recedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"></span><span class=\"ff1\">principalmente <span class=\"_ _7\"></span></span>all\u2019incremento <span class=\"_ _5\"></span>dei <span class=\"_ _6\"></span>cano<span class=\"_ _3\"></span>ni <span class=\"_ _7\"></span>dovuti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>alcun<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>concessioni <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>al business ciclo idrico.<span class=\"_ _75\"> </span> \u201cPrestazioni <span class=\"_ _6\"></span>professio<span class=\"_ _3\"></span>nali\u201d <span class=\"_ _6\"></span>comprendono <span class=\"_ _6\"></span>oneri<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>natura <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ommerciale,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>legale, <span class=\"_ _6\"></span>notarile<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>amministrativa<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>e </span>tributaria. <span class=\"_ _5\"></span>Sono <span class=\"_ _5\"></span>inclusi in<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>questa voce <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>compensi <span class=\"_ _5\"></span>corrisposti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>revisione di<span class=\"_ _5\"></span> b<span class=\"_ _5\"></span>ilancio e <span class=\"_ _5\"></span>l\u2019e<span class=\"_ _5\"></span>mission<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>attestazioni.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>La <span class=\"_ _8\"> </span>variazione <span class=\"_ _8\"> </span>rispet<span class=\"_ _3\"></span>to <span class=\"_ _8\"> </span>all\u2019esercizio <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>recedente<span class=\"ff1\"> <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>dovuta <span class=\"_ _8\"> </span>principalmente <span class=\"_ _8\"> </span></span>all\u2019aumento <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>ei <span class=\"_ _8\"> </span>costi <span class=\"_ _8\"> </span>della <span class=\"_ _8\"> </span>ge<span class=\"_ _3\"></span>stione documentale <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>erivanti <span class=\"_ _10\"> </span>dall\u2019applicazione <span class=\"_ _10\"> </span>dello <span class=\"_ _10\"> </span>sconto <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>fattura <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>b<span class=\"_ _5\"></span>usiness <span class=\"_ _10\"> </span>dell\u2019efficientamento<span class=\"_ _3\"></span> energetico <span class=\"_ _4\"> </span>dei <span class=\"_ _10\"> </span>condomini, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _8\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>articolare <span class=\"_ _4\"> </span>alla <span class=\"_ _10\"> </span>conclusione <span class=\"_ _4\"> </span>delle <span class=\"_ _4\"> </span>pratiche <span class=\"_ _10\"> </span>amministrativ<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>dei <span class=\"_ _4\"> </span>lavori<span class=\"_ _5\"></span> superbonus 110% effettu<span class=\"_ _3\"></span>ati nel corso dell\u2019<span class=\"_ _3\"></span>esercizio 2023<span class=\"ff1\">. </span>\u201cCosti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>diversi\u201d <span class=\"_ _5\"></span>comprendono <span class=\"_ _5\"></span>tutti <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>altri <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>indicati <span class=\"_ _5\"></span>nelle <span class=\"_ _5\"></span>categorie <span class=\"_ _5\"></span>sopra <span class=\"_ _5\"></span>riportate.<span class=\"_ _6\"></span><span class=\"ff1\"> Tale </span>voce <span class=\"_ _e\"></span>accoglie <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>provvigioni <span class=\"_ _e\"> </span>e <span class=\"_ _e\"></span>altri <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>elativi <span class=\"_ _e\"></span>ad <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>genti <span class=\"_ _6\"></span>per <span class=\"_ _d\"> </span>35,6 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _e\"></span>(39,2 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>31 dicembre 2023) e <span class=\"_ _5\"></span>commissioni bancarie per <span class=\"lse\">16<span class=\"_ _5\"></span></span> milioni di <span class=\"_ _5\"></span>euro (<span class=\"ls10\">22</span>,3 <span class=\"_ _5\"></span>milion<span class=\"_ _3\"></span>i di e<span class=\"_ _5\"></span>uro al 31 dicembre 202<span class=\"_ _5\"></span>3). Si se<span class=\"_ _5\"></span>gnala<span class=\"_ _3\"></span>, inoltre, che <span class=\"_ _5\"></span>all\u2019interno <span class=\"_ _5\"></span>della voce <span class=\"_ _5\"></span>\u201cCosti <span class=\"_ _5\"></span>per servizi <span class=\"_ _5\"></span>diversi\u201d s<span class=\"_ _5\"></span>ono iscritti <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>canoni <span class=\"_ _6\"></span><span class=\"ff1\">rel<span class=\"_ _3\"></span>ativi <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>leasing a <span class=\"_ _5\"></span>breve <span class=\"_ _5\"></span>termine e <span class=\"_ _5\"></span>di </span>modesto valore. 5 <span class=\"ls0\"> Costi del per<span class=\"_ _3\"></span>sonale </span>2024 2023 VAR. Salari e stipendi 472,7 455,0 17,7 Oneri sociali 154,2 147,7 6,5 Altri costi 40,6 38,4 2,2 Totale 667,5 641,1 26,4 Il numero medio e puntual<span class=\"_ _3\"></span>e dei dipendenti per periodo,<span class=\"_ _3\"></span> suddiviso per catego<span class=\"_ _3\"></span>rie, \u00e8 il seguente: MEDIO PUNTUALE 2024 2023 VAR. 2024 2023 VAR.<span class=\"_ _75\"> </span> Dirigenti 157 159 (2) 156 158 (2) Quadri 596 591 5 613 593 20<span class=\"ls0\"> </span>Impiegati 5.743 5.616 127 5.785 5.604 181 Operai 3.673 3.644 29<span class=\"ls0\"> </span>3.687 3.610 77<span class=\"ls0\"> </span>Totale 10.168 10.009 159 10.241 9.965 276<span class=\"_ _75\"> </span> Il costo del lavoro m<span class=\"_ _3\"></span>edio pro <span class=\"ff5\">capite nell\u2019anno 202</span>4, in <span class=\"ff5\">incremento risp<span class=\"_ _3\"></span>etto all\u2019esercizio preced<span class=\"_ _3\"></span>ente<span class=\"ff1\">,<span class=\"_ _5\"></span> \u00e8 il seguente: </span></span>MIGLIAIA DI EU<span class=\"_ _3\"></span>RO 2024 2023 VAR. Costo del lavoro m<span class=\"_ _3\"></span>edio pro capite        <span class=\"_ _3\"></span>                     <span class=\"_ _3\"></span>                                  <span class=\"_ _3\"></span>                                      <span class=\"_ _3\"></span>                   65,6 64,0 1,6 L\u2019incremento<span class=\"ff1\"> dei costi del <span class=\"_ _3\"></span>personale <span class=\"ff5\">rispetto all\u2019esercizio p<span class=\"_ _3\"></span>recedente \u00e8 principalme<span class=\"_ _3\"></span>nte riconducibile:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019aumento <span class=\"_ _6\"></span>de<span class=\"ff1\">l <span class=\"_ _6\"></span>numero <span class=\"_ _6\"></span>medio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>dipendenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>forza, <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>acquisizio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>realizzate <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>corso </span></span></span>dell\u2019esercizio <span class=\"ff1\">2024; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alle variazioni retri<span class=\"_ _3\"></span>butive previste dai contratti collettivi nazio<span class=\"_ _3\"></span>nali di lavoro.<span class=\"_ _75\"> </span></span></span><span class=\"ff1\"><span class=\"fs1 fc1\"> </span></span><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">311<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">6  Altre spese<span class=\"_ _3\"></span> operative </div><div class=\"t m0 x23 h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsf9\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h3c gsfa\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h3c gsfb\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gsfc\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Tributi, canoni e im<span class=\"_ _3\"></span>poste diverse da quell<span class=\"_ _3\"></span>e sul reddito </div></div><div class=\"c w111 h3c gsfd\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">25,2 </div></div><div class=\"c w112 h3c gsfe\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">25,0 </div></div><div class=\"c w111 h3c gsff\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w110 h3c gs100\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Minusvalenze da c<span class=\"_ _3\"></span>essioni e dismissioni di<span class=\"_ _3\"></span> asset </div></div><div class=\"c w111 h3c gs101\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">18,7 </div></div><div class=\"c w112 h3c gs102\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">16,6 </div></div><div class=\"c w111 h3c gs103\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,1 </div></div><div class=\"c w110 h3c gs104\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Canoni verso Enti <span class=\"_ _3\"></span>istituzionali </div></div><div class=\"c w111 h3c gs105\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">16,1 </div></div><div class=\"c w112 h3c gs106\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">15,5 </div></div><div class=\"c w111 h3c gs107\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,6 </div></div><div class=\"c w110 h3c gs108\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri oneri </div></div><div class=\"c w111 h3c gs109\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">37,3 </div></div><div class=\"c w112 h3c gs10a\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">33,2 </div></div><div class=\"c w111 h3c gs10b\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">4,1 </div></div><div class=\"c w110 h3c gs10c\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs10d\"><div class=\"t m0 x4b h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">97,3 </div></div><div class=\"c w112 h3c gs10e\"><div class=\"t m0 x4b h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">90,3 </div></div><div class=\"c w111 h3c gs10f\"><div class=\"t m0 xc6 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">7,0 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 y3db ff5 fs1 fc1 sc0 ls0 ws0\">\u201c<span class=\"ff1\">Tributi, <span class=\"_ _d\"> </span>canoni <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>imposte <span class=\"_ _d\"> </span>diverse <span class=\"_ _d\"> </span>da<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>quelle <span class=\"_ _d\"> </span>sul <span class=\"_ _f\"> </span>reddito</span>\u201d<span class=\"ff1 ls1e\">, <span class=\"_ _f\"> </span><span class=\"ls0\">si <span class=\"_ _d\"> </span>riferisc<span class=\"lse\">ono</span> <span class=\"_ _f\"> </span>principalmente <span class=\"_ _e\"> </span>a <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span>su <span class=\"_ _f\"> </span>fabbricati <span class=\"_ _f\"> </span><span class=\"lse\">e </span></span></span></div><div class=\"t m0 x23 h3 y3dc ff1 fs1 fc1 sc0 ls0 ws0\">impianti, <span class=\"_ _5\"></span>imposte di bollo <span class=\"_ _5\"></span>e r<span class=\"_ _5\"></span>egistro, canone unico p<span class=\"_ _5\"></span>atrimoniale, <span class=\"_ _5\"></span>tassa <span class=\"_ _5\"></span>sui rifiuti, <span class=\"_ _5\"></span>accise e <span class=\"_ _5\"></span>tributi <span class=\"_ _5\"></span>relativi alle <span class=\"_ _5\"></span>discariche </div><div class=\"t m0 x23 h3 y1c29 ff1 fs1 fc1 sc0 ls0 ws0\">gestite.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h3 y4b1 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y4b2 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cMinusvalenze <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>cessioni <span class=\"_ _f\"> </span>e <span class=\"_ _d\"> </span>dismissioni <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>asset\u201d<span class=\"_ _5\"></span><span class=\"ff1 ls1e\">, <span class=\"_ _f\"> </span><span class=\"ls0\">sono <span class=\"_ _f\"> </span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _f\"> </span>riconducibili <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>dismissioni <span class=\"_ _d\"> </span>intervenute </span></span></div><div class=\"t m0 x23 h3 y13e4 ff5 fs1 fc1 sc0 ls0 ws0\">nell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>impianti, <span class=\"_ _5\"></span>condotte <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>attrezzature <span class=\"_ _7\"></span>relativ<span class=\"lsf\">i <span class=\"_ _5\"></span></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>business <span class=\"_ _7\"></span>gestiti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>rete<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _7\"></span></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _5\"></span>distribuzione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>gas </span></div><div class=\"t m0 x23 h3 y4b4 ff1 fs1 fc1 sc0 ls0 ws0\">metano e d<span class=\"lsf\">i </span>energia el<span class=\"_ _3\"></span>ettrica, e al trattamento dei rifi<span class=\"_ _3\"></span>uti.  </div><div class=\"t m0 x23 h3 y4b5 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y11ee ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCanoni <span class=\"_ _6\"></span>verso <span class=\"_ _7\"></span>Enti <span class=\"_ _6\"></span>istituzionali\u201d, <span class=\"_ _6\"></span>corri<span class=\"_ _3\"></span>sposti <span class=\"_ _6\"></span>alle <span class=\"_ _7\"></span>Regioni, <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>consorzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bonific<span class=\"_ _3\"></span>a, <span class=\"_ _6\"></span>enti <span class=\"_ _7\"></span>d\u2019ambito <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>munit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>montane, </div><div class=\"t m0 x23 h3 y911 ff1 fs1 fc1 sc0 ls0 ws0\">sono <span class=\"_ _e\"></span>relativi <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>prelievo <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>utilizzo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>acque, <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>copertura <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>manutenzione <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"></span>di </div><div class=\"t m0 x23 h3 y1855 ff1 fs1 fc1 sc0 ls0 ws0\">opere <span class=\"_ _7\"></span>idrauliche. <span class=\"_ _7\"></span>L<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>voce <span class=\"_ _7\"></span>comprende, <span class=\"_ _7\"></span>inoltre, <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>anoni <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>tutela <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>lle <span class=\"_ _7\"></span>aree <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>salvaguardia <span class=\"_ _7\"></span>idrogeologica <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>comuni </div><div class=\"t m0 x23 h3 y1b95 ff1 fs1 fc1 sc0 ls0 ws0\">montani (come previst<span class=\"_ _3\"></span>o dal Dgr. 933/2012) e i contributi ric<span class=\"_ _3\"></span>onosciuti per il fu<span class=\"_ _3\"></span>nzionamento di Atersir. </div><div class=\"t m0 x23 h3 y1c2a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1c2b ff5 fs1 fc1 sc0 ls0 ws0\">\u201c<span class=\"ff1\">Altri <span class=\"_ _7\"></span>oneri</span>\u201d <span class=\"_ _7\"></span>comprend<span class=\"ff1\">ono <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ltre <span class=\"_ _5\"></span>fattispecie <span class=\"_ _7\"></span>residuali,<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span>contributi <span class=\"_ _7\"></span>associativi, <span class=\"_ _7\"></span><span class=\"lsf\">in</span>dennit\u00e0 <span class=\"_ _7\"></span>risarcitorie, <span class=\"_ _7\"></span>liberalit\u00e0, </span></div><div class=\"t m0 x23 h3 y1c2c ff1 fs1 fc1 sc0 ls0 ws0\">sanzioni e penali. <span class=\"ff5\">L\u2019incremento del periodo \u00e8 </span>imputabile principalmente alle penali regolato<span class=\"_ _3\"></span>rie introdotte nel corso del </div><div class=\"t m0 x23 h3 y1c2d ff1 fs1 fc1 sc0 ls0 ws0\">2024 <span class=\"ff5\">dall\u2019Arera in relazio<span class=\"_ _3\"></span>ne all\u2019attivit\u00e0 di di<span class=\"_ _3\"></span>stribuzione del gas m<span class=\"_ _3\"></span>etano<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span></div><div class=\"t m0 x23 h3 y1c2e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1bb8 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1168 ff8 fsa fc2 sc0 ls0 ws0\">7  Costi capitali<span class=\"_ _3\"></span>zzati </div><div class=\"t m0 x23 h3 y1703 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs110\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h3c gs111\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h3c gs112\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h98 gs113\"><div class=\"t m0 x0 hf y630 ff4 fs3 fc1 sc0 ls0 ws0\">Incrementi delle im<span class=\"_ _3\"></span>mobilizzazioni per la<span class=\"_ _3\"></span>vori interni </div></div><div class=\"c w111 h98 gs114\"><div class=\"t m0 x4b hf y631 ff4 fs3 fc10 sc0 ls0 ws0\">89,3 </div></div><div class=\"c w112 h98 gs115\"><div class=\"t m0 x4b hf y631 ff4 fs3 fc10 sc0 ls0 ws0\">82,1 </div></div><div class=\"c w111 h98 gs116\"><div class=\"t m0 xc6 hf y631 ff4 fs3 fc10 sc0 ls0 ws0\">7,2 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 ye7f ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _5\"></span>voce<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>comprende <span class=\"_ _7\"></span>principalme<span class=\"_ _3\"></span>nte <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>manodopera <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>altri <span class=\"_ _7\"></span>oneri <span class=\"_ _5\"></span>(quali <span class=\"_ _5\"></span>materiali <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>gazzino e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>costi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tilizzo <span class=\"_ _5\"></span>delle </div><div class=\"t m0 x23 h3 ye80 ff1 fs1 fc1 sc0 ls0 ws0\">attrezzature) di diretta imp<span class=\"_ _3\"></span>utazione alle commesse real<span class=\"_ _3\"></span>izzate internamente<span class=\"_ _3\"></span> dal Gruppo.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h42 ya6c ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>312<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>8  Ammortamen<span class=\"_ _3\"></span>ti accantonam<span class=\"_ _3\"></span>enti e svalutaz<span class=\"_ _3\"></span>ioni 2024 2023 VAR. Ammortamenti e sv<span class=\"_ _3\"></span>alutazioni 563,4 526,2 37,2 Accantonamenti nett<span class=\"_ _3\"></span>i 194,3 227,5 (33,2) Totale 757,7 753,7 4,0 Di seguito il dettaglio<span class=\"_ _3\"></span> della voce \u201cAmmortam<span class=\"_ _3\"></span>enti e svalutazioni\u201d:<span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Ammortamenti<span class=\"_ _3\"></span> 21, 22, 23 562,4 519,3 43,1 Svalutazioni 21, 22, 23 1,0 6,9 (5,9) Totale 563,4 526,2 37,2 Gli ammortamenti si ri<span class=\"_ _3\"></span>feriscono alle immobilizzazioni materia<span class=\"_ _3\"></span>li, <span class=\"_ _5\"></span>a<span class=\"ff5\">i diritti d\u2019uso <span class=\"_ _3\"></span>e <span class=\"ff1\">alle attivit\u00e0 immateriali. </span></span>Le svalutazioni s<span class=\"ls23\">i <span class=\"_ _5\"></span></span>riferiscono principalmente a progetti per i quali il <span class=\"_ _5\"></span>management del Gruppo ha va<span class=\"_ _5\"></span>lutato siano venute meno le condizioni di r<span class=\"_ _3\"></span>ecuperabilit\u00e0 dei costi <span class=\"_ _3\"></span>sostenuti<span class=\"_ _5\"></span>. Di seguito il dettaglio<span class=\"_ _3\"></span> della voce \u201cAccanton<span class=\"_ _3\"></span>amenti netti\u201d:<span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Accantonamenti a fo<span class=\"_ _3\"></span>ndo svalutazione <span class=\"_ _3\"></span>crediti 33<span class=\"ls0\"> </span>122,9 158,0 (35,1) Accantonamenti a fo<span class=\"_ _3\"></span>ndi 31<span class=\"ls0\"> </span>73,9 85,7 (11,8) Disaccantonamenti<span class=\"_ _3\"></span> 31, 33 (2,5) (16,2) 13,7 Totale 194,3 227,5 (33,2) Gli <span class=\"_ _6\"></span>accantonamenti <span class=\"_ _7\"></span>comprendono <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>adegu<span class=\"_ _3\"></span>amenti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore <span class=\"_ _7\"></span>del <span class=\"_ _d\"> </span>fondo <span class=\"_ _6\"></span>svalutazion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>accantonamenti <span class=\"_ _6\"></span>ai fondi. I disaccantonamenti com<span class=\"_ _3\"></span>prendono riaccertamenti di fondi per<span class=\"_ _3\"></span> il venir meno del risc<span class=\"_ _3\"></span>hio sottostante.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span> 9  Proventi fina<span class=\"_ _3\"></span>nziari  2024 2023 VAR. Attualizzazione <span class=\"_ _3\"></span>crediti efficientamento en<span class=\"_ _3\"></span>ergetico 51,5 7,8 43,7 Proventi da valuta<span class=\"_ _3\"></span>zione a fair value di <span class=\"_ _3\"></span>attivit\u00e0 e passivit\u00e0 fina<span class=\"_ _3\"></span>nziarie 50,6 46,9 3,7 Clienti 29,5 47,8 (18,3) Proventi da derivati<span class=\"_ _3\"></span> 26,6 5,1 21,5 Interessi bancari<span class=\"_ _3\"></span> 23,7 27,4 (3,7) Altri proventi finanziari<span class=\"_ _3\"></span> 20,6 22,1 (1,5) Totale 202,5 157,1 45,4 \u201c<span class=\"ff1\">Attualizzazione <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>efficientamento <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>nergetico</span><span class=\"lsd\">\u201d,</span><span class=\"ff1\"> <span class=\"_ _7\"></span>rappresenta <span class=\"_ _7\"></span></span>l\u2019effetto <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>costo <span class=\"_ _6\"></span>amm<span class=\"_ _3\"></span>ortizzato <span class=\"_ _7\"></span>dei crediti fiscali derivanti dall\u2019applicazione dello sconto in fattura per <span class=\"_ _7\"></span><span class=\"ff1\">attivit\u00e0 di r<span class=\"_ _5\"></span>iqualificazion<span class=\"_ _3\"></span>e di c<span class=\"_ _5\"></span>ondomini destinati alla </span>compensazione <span class=\"_ _10\"> </span>all\u2019interno <span class=\"_ _8\"> </span>del <span class=\"_ _10\"> </span>Gruppo <span class=\"_ _8\"> </span>grazie <span class=\"_ _10\"> </span>all\u2019utilizzo <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>ropria <span class=\"_ _10\"> </span>capacit\u00e0 <span class=\"_ _8\"> </span>fiscale<span class=\"_ _5\"></span><span class=\"ff1\">, <span class=\"_ _8\"> </span>relativi <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>rincipalment<span class=\"_ _1\"></span>e </span>all\u2019agevolazione <span class=\"_ _d\"> </span>superbonus <span class=\"_ _d\"> </span>110%. <span class=\"_ _f\"> </span>La <span class=\"_ _d\"> </span>significativa <span class=\"_ _f\"> </span>variazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _4\"> </span><span class=\"ff1\">riflette <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>maggior </span>volume di crediti pre<span class=\"_ _3\"></span>senti sui cassetti fis<span class=\"_ _3\"></span>cali al termine dell\u2019ese<span class=\"_ _3\"></span>rcizio<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>rispetto <span class=\"_ _3\"></span>al<span class=\"ff5\">l\u2019anno 2023</span>. </span>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>313<span class=\"ls0\"> </span>\u201cProventi da valutazi<span class=\"_ _3\"></span>one a fair value di atti<span class=\"_ _3\"></span>vit\u00e0 e passivit\u00e0 finan<span class=\"_ _3\"></span>ziarie\u201d, la voce si compo<span class=\"_ _3\"></span>ne delle seguenti fattisp<span class=\"_ _3\"></span>ecie:<span class=\"_ _7\"></span><span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi poten<span class=\"_ _3\"></span>ziali 19<span class=\"ls0\"> </span>50,6 31,3 19,3 Prestiti obbligazion<span class=\"_ _3\"></span>ari 29<span class=\"ls0\"> </span>\u2010<span class=\"ff4\"> </span>15,6 (15,6) Totale 50,6 46,9 3,7 Opzioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>vendi<span class=\"_ _3\"></span>ta <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>corrispett<span class=\"_ _3\"></span>ivi <span class=\"_ _7\"></span>potenziali<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">rapprese<span class=\"_ _3\"></span>ntano <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>ffetti <span class=\"_ _7\"></span>positivi <span class=\"_ _7\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019aggiornamento <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>stime </span>delle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>iscritte <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>bilancio <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>esercizi <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>recedenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>straordinar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizione.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Il valore al 31 dicembre 2024 si riferisce, per 47,8 <span class=\"_ _5\"></span>milioni di euro, alla valutazione agg<span class=\"_ _3\"></span>iornata <span class=\"ff5\">d<span class=\"_ _5\"></span>el debito per l\u2019opzio<span class=\"_ _3\"></span>ne di </span>vendita <span class=\"_ _7\"></span>detenuta <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _7\"></span>Spa <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>partecipazione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>Es<span class=\"_ _3\"></span>tEnergy <span class=\"_ _7\"></span>Spa, <span class=\"_ _7\"></span>tenuto <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>dell\u2019<span class=\"_ _7\"></span><span class=\"ff1\">a<span class=\"_ _5\"></span>ccordo </span>tra le parti per l\u2019<span class=\"ff1\">esercizio della q<span class=\"_ _3\"></span>uota residua del 2<span class=\"ls10\">5%</span>. </span>\u201cClienti\u201d, <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>ccolgono <span class=\"_ _6\"></span>principalmente <span class=\"_ _e\"> </span>interessi <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>mora <span class=\"_ _e\"> </span>attribuibili <span class=\"_ _6\"> </span>a<span class=\"_ _7\"></span><span class=\"ff1\">i <span class=\"_ _e\"> </span>business <span class=\"_ _e\"> </span>di <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"></span>gas <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>energia <span class=\"_ _e\"></span>elettrica, <span class=\"_ _e\"></span>in </span>particolare <span class=\"_ _f\"> </span>salvaguardia. <span class=\"_ _f\"> </span>Quest\u2019ultimo  <span class=\"ff1\">mer<span class=\"_ _3\"></span>cato, <span class=\"_ _f\"> </span>in  par<span class=\"_ _3\"></span>ticolare,  ha <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>videnziato <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>na <span class=\"_ _f\"> </span>contrazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>volumi <span class=\"_ _f\"> </span>e  del<span class=\"_ _3\"></span> </span>fatturato <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024<span class=\"_ _5\"></span>. <span class=\"_ _7\"></span>Nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2023 <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>voce <span class=\"_ _7\"></span>accoglieva<span class=\"_ _5\"></span><span class=\"ff1 ls16\">, <span class=\"_ _5\"></span><span class=\"ls0\">inoltre, <span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>teressi <span class=\"_ _5\"></span>applicati <span class=\"_ _5\"></span>ai </span></span>clienti per <span class=\"_ _5\"></span>i cosiddetti interventi <span class=\"_ _5\"></span>trainati legati ai lavori<span class=\"_ _5\"></span> di e<span class=\"_ _5\"></span>fficientament<span class=\"_ _3\"></span>o energetico <span class=\"_ _5\"></span>in relazione al superbonus 110%<span class=\"_ _5\"></span><span class=\"ls1e\">,<span class=\"_ _75\"> </span></span><span class=\"ls1e\"> </span>che <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>risultati <span class=\"_ _7\"></span>significativamente <span class=\"_ _5\"></span>inferiori <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>2024 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>via <span class=\"_ _7\"></span>della<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>riduzione <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>legate </span>all\u2019efficientamento e<span class=\"_ _3\"></span>nergetico dei condomini<span class=\"ff1\">. </span>\u201cProventi <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>derivati\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _7\"></span>valutazione <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>rea<span class=\"_ _5\"></span>lizzo <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>derivati <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>tassi <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ambi<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>e </span>opportunamente dettag<span class=\"_ _3\"></span>liato nella nota <span class=\"ff5\">29 \u201cStrumenti deriv<span class=\"_ _3\"></span>ati\u201d.<span class=\"ff1\"> </span></span>\u201cInteressi <span class=\"_ _5\"></span>bancari\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>roventi <span class=\"_ _5\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019impiego <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>breve <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>liquidit\u00e0<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>disponibile <span class=\"_ _7\"></span>sui <span class=\"_ _7\"></span>conti <span class=\"_ _7\"></span>correnti <span class=\"_ _7\"></span>del </span>Gruppo. <span class=\"_ _7\"></span><span class=\"ff5\">La <span class=\"_ _6\"></span>variazione <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>diminuzio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>degli <span class=\"_ _7\"></span>interessi <span class=\"_ _7\"></span>attivi <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>all\u2019esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>dovuta <span class=\"_ _7\"></span>principalmente </span>alla <span class=\"_ _f\"> </span>diminuzione <span class=\"_ _f\"> </span>delle  giacen<span class=\"_ _3\"></span>ze  m<span class=\"_ _3\"></span>edie <span class=\"_ _f\"> </span>remunerate<span class=\"_ _5\"></span>,  pa<span class=\"_ _3\"></span>rzialmente  c<span class=\"_ _3\"></span>ompensata  d<span class=\"_ _3\"></span>a  u<span class=\"_ _3\"></span>n  a<span class=\"_ _3\"></span>umento <span class=\"_ _f\"> </span>del  tasso <span class=\"_ _f\"> </span>medio applicato alle giacen<span class=\"_ _3\"></span>ze. \u201cAltri proventi finanzi<span class=\"_ _3\"></span>ari\u201d, la voce comprende le <span class=\"_ _3\"></span>seguenti fattispecie:<span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Dividendi 7,9 6,4 1,5 Attualizzazione <span class=\"_ _3\"></span>crediti finanziari non c<span class=\"_ _3\"></span>orrenti 18<span class=\"ls0\"> </span>6,8 6,3 0,5 Altri 5,9 9,4<span class=\"ff12\"> </span>(3,5)<span class=\"ff12\"> </span>Totale 20<span class=\"ls52\">,6<span class=\"ls0\"> </span></span>22,1 (1,5) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Dividendi <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>quote <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ut<span class=\"_ _5\"></span>ile <span class=\"_ _e\"> </span>distribuit<span class=\"_ _5\"></span>e <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>alle <span class=\"_ _d\"> </span><span class=\"ff5\">societ\u00e0 <span class=\"_ _d\"> </span>classificate <span class=\"_ _d\"> </span>come <span class=\"_ _d\"> </span>\u201cAltre <span class=\"_ _f\"> </span></span>partecipazioni<span class=\"ff5\">\u201d</span>, <span class=\"_ _d\"> </span>in </span></span>particolar <span class=\"_ _7\"></span>modo <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>riferiscono <span class=\"_ _7\"></span>all<span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>partecipazioni <span class=\"_ _7\"></span>nelle <span class=\"_ _6\"></span>societ\u00e0<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _6\"></span>Sp<span class=\"_ _3\"></span>a,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Veneta <span class=\"_ _7\"></span>Sanitaria <span class=\"_ _7\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>Calenia Energia Spa; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Attualizzazione <span class=\"_ _8\"> </span>crediti <span class=\"_ _8\"> </span>finanziari <span class=\"_ _8\"> </span>non <span class=\"_ _8\"> </span>c<span class=\"_ _5\"></span>orrenti <span class=\"_ _8\"> </span>accoglie <span class=\"_ _2\"> </span><span class=\"ff5\">principalmente <span class=\"_ _8\"> </span>l\u2019effetto <span class=\"_ _8\"> </span></span>della <span class=\"_ _8\"> </span>va<span class=\"_ _5\"></span>lutazione <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>costo </span></span>ammortizzato <span class=\"_ _f\"> </span>dei  crediti  per  a<span class=\"_ _3\"></span>ttivit\u00e0  di  c<span class=\"_ _3\"></span>ostruzione  e  migli<span class=\"_ _3\"></span>oria  di <span class=\"_ _f\"> </span>asset  iscritti <span class=\"_ _f\"> </span>in  applicazione <span class=\"_ _f\"> </span>del  modello dell\u2019attivit\u00e0 finanziari<span class=\"_ _3\"></span>a per servizi pubblici in<span class=\"_ _3\"></span> concessione;<span class=\"_ _75\"> </span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Altri, <span class=\"_ _e\"></span>accoglie <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>particolar <span class=\"_ _e\"> </span>modo <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ipristini <span class=\"_ _6\"></span>di <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>la <span class=\"_ _d\"> </span>quota <span class=\"_ _e\"> </span>parte <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>crediti <span class=\"_ _e\"> </span>finanziari <span class=\"_ _e\"></span>precedentemente </span></span>svalutati <span class=\"_ _10\"> </span>nei <span class=\"_ _8\"> </span>confronti <span class=\"_ _10\"> </span>della <span class=\"_ _8\"> </span>societ\u00e0 <span class=\"_ _10\"> </span>collegata <span class=\"_ _8\"> </span>Tamarete <span class=\"_ _10\"> </span>Energia <span class=\"_ _8\"> </span>Srl <span class=\"_ _8\"> </span>ch<span class=\"_ _3\"></span>e <span class=\"_ _8\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _8\"> </span>inc<span class=\"_ _3\"></span>assati <span class=\"_ _8\"> </span>nel<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>corso dell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>2,<span class=\"_ _5\"></span>4 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>provento<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>aggregazione <span class=\"_ _6\"></span></span>derivante <span class=\"_ _5\"></span>dall\u2019acquisizione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>ramo <span class=\"_ _7\"></span>Soeli<span class=\"_ _3\"></span>a per 0,7 milioni di eur<span class=\"_ _3\"></span>o, come riportato al p<span class=\"_ _3\"></span>aragrafo 2.02.10 \u201cAltr<span class=\"_ _3\"></span>e informazioni\u201d.<span class=\"ff1\"> </span>314<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>10  Oneri finan<span class=\"_ _3\"></span>ziari  2024 2023 VAR. Oneri da prestiti <span class=\"_ _3\"></span>obbligazionari e finan<span class=\"_ _3\"></span>ziamenti 119,9 133,9 (14,0) Oneri da factoring <span class=\"_ _3\"></span>e cessione crediti fisc<span class=\"_ _3\"></span>ali 58,2 58,8 (0,6) Valutazione al c<span class=\"_ _3\"></span>osto ammortizzato di pa<span class=\"_ _3\"></span>ssivit\u00e0 finanziarie 30,3 33,5 (3,2) Svalutazione parte<span class=\"_ _3\"></span>cipazioni 27,0 5,9 21,1 Attualizzazione fon<span class=\"_ _3\"></span>di 26,4 7,9 18,5 Oneri da valutazio<span class=\"_ _3\"></span>ne a fair value di atti<span class=\"_ _3\"></span>vit\u00e0 e passivit\u00e0 fina<span class=\"_ _3\"></span>nziarie 16,9 56,5 (39,6) Attualizzazione <span class=\"_ _3\"></span>opzioni e corrispettivi s<span class=\"_ _3\"></span>u partecipazioni 11,6 17,6 (6,0) Oneri da derivati<span class=\"_ _3\"></span> 8,1 23,8 (15,7) Altri oneri finanziari<span class=\"_ _3\"></span> 10,1 7,1 3,0 Totale 308,5<span class=\"fce\"> </span>345,0<span class=\"fce\"> </span>(36,5)<span class=\"fce\"> </span>\u201cOneri da p<span class=\"_ _5\"></span>restiti obbligazionari e finanziamenti\u201d accolgono<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>gli interessi di co<span class=\"_ _5\"></span>mpetenza del periodo relativamente agli </span>strumenti obbligazionar<span class=\"_ _3\"></span>i emessi dalla capogruppo Hera Sp<span class=\"_ _3\"></span>a<span class=\"_ _5\"></span> <span class=\"ls10\">e </span>gli interessi relativi ai finanziame<span class=\"_ _3\"></span>nti erogati dal sistema<span class=\"_ _3\"></span> bancario <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>altri <span class=\"_ _7\"></span>enti <span class=\"_ _6\"></span>finanz<span class=\"_ _3\"></span>iatori. <span class=\"_ _6\"></span><span class=\"ff5\">La <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _6\"></span><span class=\"ff1\">\u00e8 <span class=\"_ _6\"></span>correlat<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>minore <span class=\"_ _7\"></span>fabbisogno </span></span>finanziario, poich\u00e9 <span class=\"_ _5\"></span>gi\u00e0 nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 2023 <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>buone performance del <span class=\"_ _5\"></span>capitale circolante netto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>la maggiore stabilit\u00e0 sui mercati energ<span class=\"_ _3\"></span>etici hanno permesso il rimbor<span class=\"_ _3\"></span>so anticipato di passivit\u00e0 finanzia<span class=\"_ _3\"></span>rie di breve e medio termine che <span class=\"_ _6\"></span>erano <span class=\"_ _6\"></span>state <span class=\"_ _7\"></span>accese <span class=\"_ _6\"></span>nell\u2019esercizio <span class=\"_ _7\"></span>2022, <span class=\"_ _6\"> </span>in <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>contesto <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>assi <span class=\"_ _6\"></span>crescenti, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fronte<span class=\"_ _3\"></span>ggiare <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>esigenze <span class=\"_ _7\"></span>di cassa determinate dall\u2019<span class=\"_ _3\"></span>andamento estremame<span class=\"_ _3\"></span>nte volatile del contesto ma<span class=\"_ _3\"></span>croeconomico<span class=\"_ _5\"></span><span class=\"ff1\">. </span>\u201c<span class=\"ff1\">Oneri da factoring e c<span class=\"_ _3\"></span>essio<span class=\"ff5\">ni crediti fiscali\u201d, la voce si com<span class=\"_ _3\"></span>pone delle seguenti fat<span class=\"_ _3\"></span>tispecie:<span class=\"ff1\"> </span></span></span>NOTE 2024 2023 VAR. Cessione crediti <span class=\"_ _3\"></span>commerciali e altri crediti operativi 44,5 44,8 (0,3) Cessione crediti <span class=\"_ _3\"></span>d'imposta 37<span class=\"ls0\"> </span>13,7 14,0 (0,3) Totale 58,2 58,8 (0,6) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cessione <span class=\"_ _4\"> </span>crediti  c<span class=\"_ _5\"></span>ommerciali  e <span class=\"_ _4\"> </span>altri <span class=\"_ _10\"> </span>credi<span class=\"_ _3\"></span>ti <span class=\"_ _4\"> </span>operativi<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _4\"> </span>sostanzialmente <span class=\"_ _4\"> </span>in <span class=\"_ _4\"> </span>linea <span class=\"_ _4\"> </span>con <span class=\"_ _4\"> </span>l\u2019esercizio <span class=\"_ _4\"> </span>precedente, </span></span></span>accoglie <span class=\"_ _f\"> </span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>operazioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>cessione  r<span class=\"_ _3\"></span>evolving <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"> </span>ai <span class=\"_ _d\"> </span>business energy e ciclo idrico; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cessione  <span class=\"ff5\">crediti  d<span class=\"_ _3\"></span>\u2019imposta  <span class=\"ff1\">accoglie  gli <span class=\"_ _f\"> </span>oneri  realizzati  </span>nell\u2019ambito  del<span class=\"_ _3\"></span>le  operazioni <span class=\"_ _f\"> </span>di  cessione<span class=\"_ _5\"></span><span class=\"ff1\">  al  sis<span class=\"_ _3\"></span>tema </span></span></span></span>bancario <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _4\"> </span>iscritti <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>effetto <span class=\"_ _10\"> </span>de<span class=\"ff5\">ll\u2019applic<span class=\"_ _3\"></span>azione <span class=\"_ _10\"> </span>dello <span class=\"_ _4\"> </span>sconto <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>fattura <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>interventi <span class=\"_ _10\"> </span>di </span>efficientamento energetic<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span> superbonus 110%. Tale effetto \u00e8 compensat<span class=\"_ _3\"></span>o sui risultati di periodo del Gruppo dalla<span class=\"_ _3\"></span> chiusura <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>posizione <span class=\"_ _7\"></span>valutativa <span class=\"_ _7\"></span>iscritta <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>de <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>prima <span class=\"_ _5\"></span>rilevazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>rediti, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>riportato <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>comm<span class=\"_ _3\"></span>ento \u201c<span class=\"ff1\">Oneri da valutazion<span class=\"_ _3\"></span>e a fair value di attivit\u00e0 e<span class=\"_ _3\"></span> passivit\u00e0 finanziari<span class=\"_ _3\"></span>e<span class=\"_ _5\"></span><span class=\"ff5 lsd\">\u201d.</span> </span>\u201cValutazione <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>mmortizz<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>finanziarie\u201d, <span class=\"_ _6\"></span><span class=\"ff1\">accolgo<span class=\"_ _3\"></span>no <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>oneri <span class=\"_ _7\"></span>figurativi <span class=\"_ _7\"></span>necessari <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>ricondurre <span class=\"_ _7\"></span>il </span>costo <span class=\"_ _6\"></span>nomi<span class=\"_ _3\"></span>nale <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>debito <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>quello <span class=\"_ _7\"></span>calcolato <span class=\"_ _6\"></span>second<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _7\"></span>effettivo. <span class=\"_ _6\"></span>Sono <span class=\"_ _7\"></span>classificati <span class=\"_ _7\"></span>in questa voce anche <span class=\"_ _5\"></span>gli oneri fi<span class=\"_ _5\"></span>gurativi per 3,2 <span class=\"_ _5\"></span>milioni di euro, in <span class=\"_ _5\"></span>linea con<span class=\"_ _7\"></span> <span class=\"ff5\">l\u2019esercizio di <span class=\"_ _5\"></span>confronto, relativi all\u2019opzione di </span>vendita detenuta da Ascopiave Spa sulla partecipazi<span class=\"_ _3\"></span>one di minoranza in Hera Comm Spa, contabilmente classificat<span class=\"_ _3\"></span>a come finanziamento (c<span class=\"_ _3\"></span>on valore nominale di 5<span class=\"_ _3\"></span>4 milioni di euro), come riportato alla nota <span class=\"ff5\">19 \u201cPassivit\u00e0 fin<span class=\"_ _3\"></span>anziarie\u201d<span class=\"ff1\">. </span></span>Il<span class=\"ls0\"> decremento del<span class=\"_ _5\"></span> periodo <span class=\"_ _5\"></span><span class=\"lse\">\u00e8 <span class=\"_ _5\"></span></span>da <span class=\"_ _5\"></span>ricondurre principalmente <span class=\"_ _5\"></span><span class=\"ff5\">al rimborso <span class=\"_ _5\"></span>avvenuto nel corso <span class=\"_ _5\"></span>dell\u2019esercizio precedente di </span></span>un finanziamento propedeutico<span class=\"_ _3\"></span> all<span class=\"_ _5\"></span><span class=\"ff5\">\u2019</span>emissione di un Sustainability-linked-bond (effettuata ad aprile 2023) e al rimborso a scadenza di un prestito ob<span class=\"_ _3\"></span>bligazionario (nell<span class=\"_ _3\"></span>a forma di<span class=\"_ _5\"></span> green bond) <span class=\"ff5\">avve<span class=\"_ _3\"></span>nuto nell\u2019esercizio corr<span class=\"_ _3\"></span>ente<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>\u201cS<span class=\"ff1 ls0\">valutazion<span class=\"ff5\">e <span class=\"_ _6\"></span>partecip<span class=\"_ _3\"></span>azioni\u201d, <span class=\"_ _6\"></span><span class=\"ff1\">accoglie <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>effettuate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>sede <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impairment <span class=\"_ _6\"></span>test<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>partecipazioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>si </span></span></span>riferiscono p<span class=\"_ _5\"></span>er 2<span class=\"_ _5\"></span>2,1 milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>partecipazione <span class=\"_ _5\"></span><span class=\"ls23\">in</span> <span class=\"_ _5\"></span>Set <span class=\"_ _5\"></span>Spa, <span class=\"_ _5\"></span>veicolo <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>quale il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>detiene <span class=\"_ _5\"></span>quote di <span class=\"_ _7\"></span>produzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>impianto <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>generazione <span class=\"_ _5\"></span>elettrica<span class=\"_ _5\"></span> <span class=\"_ _7\"></span><span class=\"ls13\">(p</span><span class=\"ff5\">er <span class=\"_ _7\"></span>maggiori <span class=\"_ _5\"></span>dettagli <span class=\"_ _7\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>nota <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7 <span class=\"_ _5\"></span>\u201cImpairment <span class=\"_ _7\"></span>test </span>partecipazioni\u201d<span class=\"ff1\">) <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _6\"></span></span>per <span class=\"_ _6\"></span>4,9 <span class=\"_ _6\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>partecipazione <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>Aimag <span class=\"_ _6\"></span>Spa, <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>multiutility <span class=\"_ _6\"></span>operant<span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>nei <span class=\"_ _6\"></span>servizi </span>idrici, ambientali, en<span class=\"_ _3\"></span>ergetici e di pubblica ill<span class=\"_ _3\"></span>uminazione<span class=\"_ _5\"></span>. // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>315<span class=\"ls0\"> </span>\u201cAttualizzazione fondi\u201d,<span class=\"ff1\"> la voce s<span class=\"_ _3\"></span>i compone delle seguenti<span class=\"_ _3\"></span> fattispecie: </span>NOTE 2024 2023 VAR. Post mortem dis<span class=\"_ _3\"></span>cariche 31<span class=\"ls0\"> </span>18,6 0,3 18,3 Ripristino beni di terzi 31<span class=\"ls0\"> </span>5,2 4,4 0,8 Benefici ai dipende<span class=\"_ _3\"></span>nti 30<span class=\"ls0\"> </span>2,4 3,0 (0,6) Smantellamento im<span class=\"_ _3\"></span>pianti 31<span class=\"ls0\"> </span>0,2 0,2 \u2010<span class=\"ff4\"> </span>Totale 26,4 7,9 18,5 Per <span class=\"_ _8\"> </span>l\u2019analisi <span class=\"_ _8\"> </span>della <span class=\"_ _10\"> </span>variazione <span class=\"_ _8\"> </span>degli <span class=\"_ _8\"> </span>oneri <span class=\"_ _8\"> </span>da <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ttualizzazi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>fondi <span class=\"_ _8\"> </span>rispetto <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>confronto, <span class=\"_ _8\"> </span>laddove significativa, si rima<span class=\"_ _3\"></span>nda alle note di comment<span class=\"_ _3\"></span>o delle rispettive vo<span class=\"_ _3\"></span>ci patrimoniali.<span class=\"_ _5\"></span> \u201cOneri da valutazion<span class=\"_ _3\"></span>e a fair value di attivit\u00e0<span class=\"_ _3\"></span> e passivit\u00e0 finanziari<span class=\"_ _3\"></span>e\u201d, la voce si compone<span class=\"_ _3\"></span> delle seguenti fattispe<span class=\"_ _3\"></span>cie:<span class=\"_ _7\"></span><span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Prestiti obbligazion<span class=\"_ _3\"></span>ari 29<span class=\"ls0\"> </span>21,2 \u2010<span class=\"ff12\"> </span>21,2 Opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi poten<span class=\"_ _3\"></span>ziali 19<span class=\"ls0\"> </span>0,7 0,1 0,6 Crediti efficientame<span class=\"_ _3\"></span>nto energetico 37<span class=\"ls0\"> </span>(5,0) 56,4 (61,4) Totale 16,9 56,5 (39,6) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Prestiti <span class=\"_ _5\"></span>obbligazionari <span class=\"_ _7\"></span>rappresenta <span class=\"_ _5\"></span>l<span class=\"ff5\">\u2019effetto <span class=\"_ _5\"></span>delle</span> <span class=\"_ _7\"></span>rettifiche <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutazione, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>applicazione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>copertura <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>fair </span></span>value, <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>prestito <span class=\"_ _5\"></span>obbligazionario <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valuta<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">che <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _5\"></span>rimborsato <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>qual<span class=\"_ _3\"></span>e </span>la relazione \u00e8 risultat<span class=\"_ _3\"></span>a efficace fino alla dat<span class=\"_ _3\"></span>a di scadenza; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">Opzioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>vendita <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>corrispettivi <span class=\"_ _6\"></span>potenziali <span class=\"_ _7\"></span>rappresentano <span class=\"_ _6\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>effetti <span class=\"_ _7\"></span>negativi <span class=\"_ _6\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019aggiornamento <span class=\"_ _7\"></span>delle </span></span>stime  delle  passivit\u00e0  i<span class=\"_ _3\"></span>scritte  a  bilancio  negli  eserc<span class=\"_ _3\"></span>izi  precedenti  in  relazio<span class=\"_ _3\"></span>ne  a  operazioni  straordinarie<span class=\"_ _3\"></span>  di acquisizione societaria; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Crediti <span class=\"_ _10\"> </span>efficientame<span class=\"_ _3\"></span>nto <span class=\"_ _10\"> </span>energetico <span class=\"_ _10\"> </span>sono <span class=\"_ _4\"> </span>relativi <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>valutazio<span class=\"_ _3\"></span>ne <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>valore <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>mercato <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _4\"> </span>correlati </span></span>all\u2019applicazione <span class=\"_ _d\"> </span>dello <span class=\"_ _f\"> </span>sconto <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>attura <span class=\"_ _d\"> </span>ai <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>finali <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>interventi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>efficientam<span class=\"_ _3\"></span>ento <span class=\"_ _f\"> </span>energetico. <span class=\"_ _d\"> </span>La <span class=\"_ _f\"> </span>policy contabile <span class=\"_ _6\"></span>adottata <span class=\"_ _6\"></span>dal <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _6\"></span>prevede <span class=\"_ _e\"> </span>che <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>caso <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>successiva <span class=\"_ _6\"></span>cessione <span class=\"_ _6\"></span>venga <span class=\"_ _6\"></span>rilevato <span class=\"_ _6\"></span>l\u2019onere <span class=\"_ _6\"></span>consuntivo correlato <span class=\"_ _5b\"> </span>all\u2019operazione <span class=\"_ _5b\"> </span>nella <span class=\"_ _1f\"> </span>voce <span class=\"_ _5b\"> </span>\u201cOneri <span class=\"_ _1f\"> </span>da <span class=\"_ _5b\"> </span>factoring <span class=\"_ _1f\"> </span>e <span class=\"_ _5b\"> </span>cessioni <span class=\"_ _1f\"> </span>crediti <span class=\"_ _5b\"> </span>fiscali\u201d, <span class=\"_ _1f\"> </span>procedendo<span class=\"_ _3\"></span> contemporaneamente <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>chiusura <span class=\"_ _6\"></span>della <span class=\"_ _e\"> </span>posizione <span class=\"_ _e\"></span>valutativa <span class=\"_ _6\"></span>aperta<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>precedentemente, <span class=\"_ _e\"> </span>generando <span class=\"_ _e\"></span>un <span class=\"_ _6\"></span>effetto sostanzialmente  c<span class=\"_ _5\"></span>ompensati<span class=\"_ _3\"></span>vo, <span class=\"_ _4\"> </span>mentre <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>caso <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>compensazione <span class=\"_ _4\"> </span>all\u2019interno <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>Gruppo  si <span class=\"_ _10\"> </span>proceda <span class=\"_ _4\"> </span>alla valutazione <span class=\"_ _e\"></span>al <span class=\"_ _e\"> </span>costo <span class=\"_ _d\"> </span>ammortizzato, <span class=\"_ _e\"></span>rilevando <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>corrisponde<span class=\"_ _5\"></span>nte <span class=\"_ _e\"> </span>provento <span class=\"_ _d\"> </span>finanziario <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>virt\u00f9 <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>risparmio <span class=\"_ _e\"> </span>di cassa <span class=\"_ _6\"></span>generato. <span class=\"_ _6\"></span>Nel <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span><span class=\"ff5\">ll\u2019esercizio</span> <span class=\"_ _6\"></span>2024, <span class=\"_ _6\"></span>inoltr<span class=\"_ _3\"></span>e, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>conto <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>fattura<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>assoggettati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valutazion<span class=\"_ _3\"></span>e sono  risultat<span class=\"_ _3\"></span>i  di  im<span class=\"_ _3\"></span>porto  limit<span class=\"_ _3\"></span>ato  rispetto<span class=\"_ _3\"></span>  al<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019esercizio</span> <span class=\"_ _f\"> </span>di  confronto  p<span class=\"_ _3\"></span>er  effetto <span class=\"_ _f\"> </span>delle  normativ<span class=\"_ _3\"></span>e  emanate <span class=\"_ _f\"> </span>dal Governo <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>hanno <span class=\"_ _6\"></span>limitato <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>fattispecie <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>tutto <span class=\"_ _e\"></span>residuali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>suddetto <span class=\"_ _e\"></span>meccanismo<span class=\"_ _5\"></span>, <span class=\"_ _e\"> </span>mentre <span class=\"_ _6\"></span>si <span class=\"_ _e\"></span>sono <span class=\"_ _6\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _6\"></span>i reversal <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>osizioni <span class=\"_ _e\"></span>valutative <span class=\"_ _e\"></span>aperte <span class=\"_ _d\"> </span><span class=\"lse\">ne</span><span class=\"ff5\">ll\u2019esercizio</span> <span class=\"_ _e\"> </span>precedent<span class=\"ls10\">e,</span> <span class=\"_ _e\"></span>a <span class=\"_ _d\"> </span>seguito <span class=\"_ _e\"></span>dalle <span class=\"_ _e\"> </span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>cessione <span class=\"_ _e\"> </span>di crediti d\u2019imposta <span class=\"ff1\">realizzate.<span class=\"_ _3\"></span> </span>\u201c<span class=\"ff1\">Attualizzazione <span class=\"_ _c\"> </span>opzioni <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>corrispettivi <span class=\"_ _c\"> </span>su <span class=\"_ _22\"> </span>partecipazioni</span>\u201d, <span class=\"_ _22\"> </span>accolgono <span class=\"_ _c\"> </span><span class=\"ff1\">principalmente <span class=\"_ _c\"> </span>gli <span class=\"_ _c\"> </span>oneri <span class=\"_ _22\"> </span>figurativi <span class=\"_ _1d\"> </span>da </span>attualizzazione c<span class=\"_ _5\"></span>orrelati alla <span class=\"_ _7\"></span>valutazione a <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>opzioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita <span class=\"_ _7\"></span>riconosciute ai <span class=\"_ _5\"></span>soc<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>minoranza, <span class=\"_ _5\"></span>come riportato alla nota <span class=\"ls10\">19</span> <span class=\"ff5\">\u201cPa<span class=\"_ _3\"></span>ssivit\u00e0 finanziarie\u201d. <span class=\"ff1\"> </span></span>\u201cOneri <span class=\"_ _e\"> </span>da <span class=\"_ _6\"></span>derivati\u201d <span class=\"_ _e\"> </span>accolgono <span class=\"_ _6\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _e\"> </span>sia <span class=\"_ _e\"> </span>della <span class=\"_ _6\"> </span>valutazione <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>del <span class=\"_ _6\"> </span>realizzo <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>derivati <span class=\"_ _6\"> </span>su <span class=\"_ _e\"> </span>tassi <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>cambi, <span class=\"_ _6\"> </span>co<span class=\"_ _5\"></span>m<span class=\"_ _3\"></span>e dettagliato nella nota<span class=\"_ _3\"></span> 29 \u201cStrumenti deri<span class=\"_ _3\"></span>vati\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u201cAltri oneri finanziari\u201d<span class=\"_ _3\"></span>, di natura <span class=\"ff1\">residuale, la voce si compo<span class=\"_ _3\"></span>ne delle seguenti fattisp<span class=\"_ _3\"></span>ecie:<span class=\"_ _5\"></span> </span>NOTE 2024 2023 VAR. Scoperti bancari a bre<span class=\"_ _3\"></span>ve 3,5 1,7 1,8 Leasing 22<span class=\"ls0\"> </span>2,9 2,8 0,1 Altri oneri 3,7 2,6 1,1 Totale 10,1 7,1 3,0 Altri <span class=\"_ _4\"> </span>oneri <span class=\"_ _10\"> </span>accolgon<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>principalmente <span class=\"_ _4\"> </span>interessi <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>intermedia<span class=\"_ _3\"></span>zione <span class=\"_ _4\"> </span>finanziaria <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>interessi  relativi <span class=\"_ _10\"> </span>a  d<span class=\"_ _5\"></span>ilazioni  di pagamento. <div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">316</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 lsb ws0\">11<span class=\"ls57\">  <span class=\"ls0\">Quota  di <span class=\"_ _c\"> </span>utili  (perdite<span class=\"_ _3\"></span>)  di  joint  ventur<span class=\"_ _3\"></span>e  e  societ<span class=\"_ _3\"></span>\u00e0 </span></span></div><div class=\"t m0 x1b h42 y5d8 ff8 fsa fc2 sc0 lsb ws0\">collegate<span class=\"ls0\"> </span></div><div class=\"t m0 x1b h3 y5d9 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs1c9\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h3c gs1ca\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h3c gs1cb\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs1cc\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Quota di risultato n<span class=\"_ _3\"></span>etto joint venture </div></div><div class=\"c w111 h3c gs1cd\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,4 </div></div><div class=\"c w112 h3c gs1ce\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,8 </div></div><div class=\"c w111 h3c gs1cf\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w113 h3c gs1d0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Quota di risultato n<span class=\"_ _3\"></span>etto societ\u00e0 collegate </div></div><div class=\"c w111 h3c gs1d1\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">9,9 </div></div><div class=\"c w112 h3c gs1d2\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">7,5 </div></div><div class=\"c w111 h3c gs1d3\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,4 </div></div><div class=\"c w113 h3c gs1d4\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs1d5\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">12,3 </div></div><div class=\"c w112 h3c gs1d6\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">10,3 </div></div><div class=\"c w111 h3c gs1d7\"><div class=\"t m0 xc6 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2,0 </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y1232 ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>perdite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>joint <span class=\"_ _5\"></span>venture <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>collegate comprendono <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>generati <span class=\"_ _5\"></span>dalla v<span class=\"_ _5\"></span>alutazione con <span class=\"_ _7\"></span>il </div><div class=\"t m0 x1b h3 yb19 ff1 fs1 fc1 sc0 ls0 ws0\">metodo del <span class=\"ff5\">patrimonio netto dell<span class=\"_ _3\"></span>e societ\u00e0 rientranti nell\u2019area di <span class=\"_ _3\"></span>consolidamento, il cui dettagli<span class=\"_ _3\"></span>o \u00e8 riportato alla nota 26 </span></div><div class=\"t m0 x1b h3 y17f ff5 fs1 fc1 sc0 ls0 ws0\">\u201cPartecipazioni<span class=\"ff1\"> valutate con i<span class=\"_ _3\"></span>l metodo del patrim<span class=\"_ _3\"></span>onio netto e Altre parteci<span class=\"_ _3\"></span>pazioni<span class=\"_ _5\"></span><span class=\"ff5 ls13\">\u201d.</span> </span></div><div class=\"t m0 x1b h3 y1c6b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y1c6c ff5 fs1 fc1 sc0 ls0 ws0\">Come <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>paragrafo <span class=\"_ _5\"></span>2.02.01 <span class=\"_ _5\"></span>\u201cIntroduzione\u201d, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>quale <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>maggiori detta<span class=\"_ _5\"></span>gli, nel <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>orso <span class=\"_ _5\"></span>dell\u2019esercizio<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y182 ff1 fs1 fc1 sc0 ls0 ws0\">2024 <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>roceduto <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>esporre <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>presente <span class=\"_ _7\"></span>voce <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>schema <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>gestione <span class=\"_ _7\"></span>finanziaria <span class=\"_ _7\"></span>e <span class=\"_ _d\"> </span><span class=\"ff5\">l\u2019utile</span> <span class=\"_ _6\"></span>prima <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>imposte, </div><div class=\"t m0 x1b h3 y1c6d ff1 fs1 fc1 sc0 ls0 ws0\">separandola <span class=\"_ _7\"></span>dalla <span class=\"_ _6\"></span>ges<span class=\"_ _3\"></span>tione <span class=\"_ _7\"></span>finanziaria <span class=\"_ _6\"></span>nella<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>quale <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ra <span class=\"_ _7\"></span>ricompresa <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>prospetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>conto <span class=\"_ _6\"></span>econ<span class=\"_ _3\"></span>omico <span class=\"_ _7\"></span>pubblicato <span class=\"_ _6\"></span>per </div><div class=\"t m0 x1b h3 y1c6e ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019esercizio 2023.<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y184 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y5e4 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 yf9a ff8 fsa fc2 sc0 lsb ws0\">2.02.03 <span class=\"ls0\">- Fiscali<span class=\"_ _3\"></span>t\u00e0 </span></div><div class=\"t m0 x1b h42 y1b58 ff8 fsa fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs1d8\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h3c gs1d9\"><div class=\"t m0 x7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h3c gs1da\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs1db\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Utile prima dell<span class=\"_ _3\"></span>e imposte </div></div><div class=\"c w111 h3c gs1dc\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">736,2 </div></div><div class=\"c w112 h3c gs1dd\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">656,4 </div></div><div class=\"c w111 h3c gs1de\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">79,8 </div></div><div class=\"c w113 h3c gs1df\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Imposte </div></div><div class=\"c w111 h3c gs1e0\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(200,3) </div></div><div class=\"c w112 h3c gs1e1\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(173,2) </div></div><div class=\"c w111 h3c gs1e2\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(27,1) </div></div><div class=\"c w113 h3c gs1e3\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Utile netto dell'e<span class=\"_ _3\"></span>sercizio </div></div><div class=\"c w111 h3c gs1e4\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">535,9 </div></div><div class=\"c w112 h3c gs1e5\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">483,2 </div></div><div class=\"c w111 h3c gs1e6\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">52,7 </div></div><div class=\"c w113 h3c gs1e7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Tax rate </div></div><div class=\"c w111 h3c gs1e8\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">27,2% </div></div><div class=\"c w112 h3c gs1e9\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">26,4% </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y10a7 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019incremento del tax ra<span class=\"_ _3\"></span>te \u00e8 riconducibile prin<span class=\"_ _3\"></span>cipalmente:<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h5a y1c71 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019effetto <span class=\"_ _d\"> </span>dello <span class=\"_ _f\"> </span>stralcio <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>credito <span class=\"_ _f\"> </span><span class=\"ff1\">correlato <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>richiesta <span class=\"_ _d\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>rimborso <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>contributo <span class=\"_ _d\"> </span>extraprofitti <span class=\"_ _d\"> </span>versato <span class=\"_ _f\"> </span>da </span></span></span></div><div class=\"t m0 x59 h3 y1c72 ff1 fs1 fc1 sc0 ls0 ws0\">EstE<span class=\"ff5\">nergy Spa nell\u2019es<span class=\"_ _3\"></span>ercizio 2022<span class=\"ff1\">; </span></span></div><div class=\"t m0 x1b h5a y1c73 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019effetto di svalut<span class=\"_ _3\"></span>azioni non rilevanti fiscalm<span class=\"_ _3\"></span>ente;<span class=\"ff1\"> </span></span></span></div><div class=\"t m0 x1b h5a y17f3 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">all<span class=\"ff5\">\u2019abolizione dal 1\u00b0 ge<span class=\"_ _3\"></span>nnaio 2024 dell\u2019agevolazione <span class=\"ff1\">Ace. </span></span></span></span></div><div class=\"t m0 x1b h3 y633 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y7dc ff5 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _7\"></span>segnala, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>tax <span class=\"_ _7\"></span>rate <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>confronto <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>isentiva <span class=\"_ _5\"></span>positivamente <span class=\"_ _6\"></span><span class=\"ff1\">delle <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>gevol<span class=\"_ _3\"></span>azioni <span class=\"_ _7\"></span>straordinarie<span class=\"ls1e\">, </span></span></div><div class=\"t m0 x1b h3 y78b ff1 fs1 fc1 sc0 ls0 ws0\">terminate  n<span class=\"_ _3\"></span>el  primo <span class=\"_ _f\"> </span>semestre  2023<span class=\"ls16\">,  </span>riconos<span class=\"_ _3\"></span>ciute  <span class=\"ff5\">sottoforma <span class=\"_ _f\"> </span>di  credito <span class=\"_ _f\"> </span>d\u2019imposta</span>  e  introdotte  dal <span class=\"_ _f\"> </span>Governo  per </div><div class=\"t m0 x1b h3 y1127 ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019acquisto <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>energia <span class=\"_ _10\"> </span>elettric<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>gas<span class=\"ff1\"> <span class=\"_ _10\"> </span>durante <span class=\"_ _4\"> </span>la <span class=\"_ _10\"> </span>crisi <span class=\"_ _10\"> </span>energe<span class=\"_ _3\"></span>tica <span class=\"_ _10\"> </span>degli <span class=\"_ _4\"> </span>esercizi <span class=\"_ _10\"> </span>precedenti, <span class=\"_ _10\"> </span>che <span class=\"_ _10\"> </span>rappresent<span class=\"_ _3\"></span>ano </span></div><div class=\"t m0 x1b h3 y1531 ff1 fs1 fc1 sc0 ls0 ws0\">componenti di reddit<span class=\"_ _3\"></span>o non tassati per 43,3 m<span class=\"_ _3\"></span>ilioni di euro al 31 di<span class=\"_ _3\"></span>cembre 2023<span class=\"_ _5\"></span>. </div><div class=\"t m0 x1b h3 y6a8 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1c74 ff1 fs1 fc1 sc0 ls0 ws0\">Il tax rate<span class=\"ff5\">, inferiore all\u2019<span class=\"_ _3\"></span>aliquota nominale Ires e <span class=\"_ _3\"></span>Irap,<span class=\"_ _5\"></span><span class=\"ff1\"> risente positivame<span class=\"_ _3\"></span>nte: </span></span></div><div class=\"t m0 x1b h5a y106f ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">degli <span class=\"_ _7\"></span>effetti <span class=\"_ _6\"></span>positi<span class=\"_ _3\"></span>vi <span class=\"_ _7\"></span>su<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>risultato <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>valutazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>opzioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>ve<span class=\"_ _3\"></span>ndita<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>ed <span class=\"_ _6\"></span>earn <span class=\"_ _7\"></span>out <span class=\"_ _7\"></span>nei <span class=\"_ _6\"></span>confronti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i </span></span></div><div class=\"t m0 x59 h3 y112a ff1 fs1 fc1 sc0 ls0 ws0\">soci di minoranza non rileva<span class=\"_ _3\"></span>nti fiscalmente; </div><div class=\"t m0 x1b h5a ye51 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 ls10\">de<span class=\"ls0\">i benefici <span class=\"_ _3\"></span>derivanti da affrancamenti di maggiori <span class=\"_ _3\"></span>valori correlati a operazioni straordinarie.</span></span></span><span class=\"ff1\"><span class=\"fs1 fc1 ls10\"><span class=\"ls0\"> </span></span></span></div><div class=\"t m0 x1b h2 y1c75 ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y1c76 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>317<span class=\"ls0\"> </span>12  Imposte La composizione della <span class=\"_ _3\"></span>voce per natura \u00e8 la seguente: 2024 2023 VAR.<span class=\"fc0\"> </span>CORRENTI ANTICIPATE DIFFERITE TOTALE CORRENTI ANTICIPATE DIFFERITE TOTALE Ires 167,3 (28,5) (3,8) 135,0 178,9 (63,9) 10,6 125,6 9,4 Irap 45,4 (3,5) 0,6 42,5 47,2 (4,1) 0,7 43,8 (1,3) Imposta sostituti<span class=\"_ _3\"></span>va 13,2 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>13,2 3,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,8 9,4 Contributi straordin<span class=\"_ _3\"></span>ari 9,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>9,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff2 sc0\"> </span>9,6 Totale 235,5 (32,0) (3,2) 200,3 229,9 (68,0) 11,3 173,2 27,1 L\u2019esercizio <span class=\"_ _e\"> </span>202<span class=\"ff1\">4 <span class=\"_ _d\"> </span>presenta <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>carico <span class=\"_ _d\"> </span>fiscale <span class=\"_ _e\"></span>corrente <span class=\"_ _d\"> </span>superiore <span class=\"_ _e\"> </span></span>a <span class=\"_ _d\"> </span>quello <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ell\u2019esercizi<span class=\"_ _3\"></span>o <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>recedente<span class=\"ff1\">, <span class=\"_ _d\"> </span>coerentemente<span class=\"_ _3\"></span> </span>all\u2019aumento del<span class=\"ff1\"> risultato ante<span class=\"_ _3\"></span> imposte, al netto di alcune com<span class=\"_ _3\"></span>ponenti non ricorrenti <span class=\"_ _3\"></span>non rilevanti fiscalmente<span class=\"_ _5\"></span>. </span>La <span class=\"_ _7\"></span>fiscalit\u00e0 <span class=\"_ _5\"></span>anticipata <span class=\"_ _7\"></span>accoglie <span class=\"_ _7\"></span>l\u2019effetto <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>variazioni <span class=\"_ _6\"></span><span class=\"ff1\">temporanee <span class=\"_ _5\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>componenti <span class=\"_ _5\"></span>economiche <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>deducibili <span class=\"_ _7\"></span>dal </span>reddito <span class=\"_ _2\"> </span>fiscale <span class=\"_ _1d\"> </span><span class=\"ff5\">nell\u2019eser<span class=\"_ _3\"></span>cizio<span class=\"ff1 ls16\">, <span class=\"_ _1d\"> </span></span>relati<span class=\"_ _3\"></span>ve <span class=\"_ _2\"> </span>principalmente <span class=\"_ _2\"> </span>all\u2019<span class=\"_ _5\"></span><span class=\"ff1\">accantonamento <span class=\"_ _2\"> </span>a <span class=\"_ _2\"> </span>fondo <span class=\"_ _1d\"> </span>svaluta<span class=\"_ _3\"></span>zione <span class=\"_ _2\"> </span>crediti <span class=\"_ _1d\"> </span>e <span class=\"_ _1d\"> </span>agli<span class=\"_ _3\"></span> </span></span>accantonamenti <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>fondi.<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>Accoglie, <span class=\"_ _e\"></span>inoltre, <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>beneficio <span class=\"_ _e\"></span>sulle <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"> </span>Ires <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>Irap <span class=\"_ _e\"></span>derivante <span class=\"_ _e\"></span><span class=\"lse\">da<span class=\"lsf\">ll</span></span><span class=\"ff5\">\u2019affrancamento</span> <span class=\"_ _6\"></span>dei maggiori valori originat<span class=\"_ _3\"></span>esi in seguito: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019acquisizione <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>controllo <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span><span class=\"ff1\">.<span class=\"_ _5\"></span>C.R. <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>Reggiani <span class=\"_ _7\"></span>Albertino <span class=\"_ _7\"></span><span class=\"ls56\">Sp</span>a <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>F.ll <span class=\"_ _7\"></span>Franchini <span class=\"_ _5\"></span>Srl <span class=\"_ _7\"></span>ai <span class=\"_ _5\"></span>sensi </span></span></span>dei <span class=\"_ _6\"></span>commi <span class=\"_ _7\"></span>10-bis <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>10-<span class=\"ff5\">ter <span class=\"_ _6\"></span>dell\u2019art.15 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>D.L. <span class=\"_ _7\"></span>185/2008.<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>L\u2019effetto <span class=\"_ _6\"></span>sulle <span class=\"_ _7\"></span>imposte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nticipate <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>complessiv<span class=\"_ _3\"></span>i </span>16,3 milioni di euro a<span class=\"_ _3\"></span> fronte del pagame<span class=\"_ _3\"></span>nto di imposte sostit<span class=\"_ _3\"></span>utive di 9,4 milioni di eur<span class=\"_ _3\"></span>o<span class=\"_ _7\"></span><span class=\"ls1e\">; </span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _6\"></span>scissione <span class=\"_ _e\"></span>parziale <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>Herambiente <span class=\"_ _6\"></span>Servizi <span class=\"_ _e\"></span>Industriali <span class=\"_ _6\"></span>Srl <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>.C.R. <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>Reggiani <span class=\"_ _6\"></span>Albertino <span class=\"_ _6\"></span><span class=\"ls20\">Sp<span class=\"_ _5\"></span></span>a <span class=\"_ _6\"></span>ai <span class=\"_ _e\"></span>sensi <span class=\"_ _6\"></span>del </span></span>comma 10 dell\u2019art.15 del <span class=\"_ _5\"></span>D.L. 185/2008. L<span class=\"_ _5\"></span>\u2019effetto sulle imposte anticipate \u00e8 pari a <span class=\"_ _5\"></span>4,1 milioni di euro a<span class=\"_ _5\"></span> fronte del pagamento di una imp<span class=\"_ _3\"></span>osta sostitutiva di 2,3 milioni di euro<span class=\"ls16\">; </span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _6\"></span><span class=\"ff5\">fusione <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>incorporazion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>Asco <span class=\"_ _6\"></span>TLC <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>Acantho <span class=\"_ _6\"></span>Spa, <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>sensi <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>comma <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>dell\u2019art.1<span class=\"_ _3\"></span>5 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>D.L. </span></span></span>185/2008. <span class=\"_ _6\"></span><span class=\"ff5\">L\u2019effett<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>sulle <span class=\"_ _7\"></span>imposte <span class=\"_ _6\"></span>anticipate<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>comple<span class=\"_ _3\"></span>ssivi <span class=\"_ _6\"></span>2,6 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>fronte<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>pagam<span class=\"_ _3\"></span>ento <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i </span>una imposta sostituti<span class=\"_ _3\"></span>va di 1,4 milioni di eur<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> Si <span class=\"_ _6\"></span>segnala <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>scor<span class=\"_ _3\"></span>so <span class=\"_ _6\"></span>anno <span class=\"_ _7\"></span>tale <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>accoglie<span class=\"_ _3\"></span>va <span class=\"_ _6\"></span>benefici <span class=\"_ _7\"></span>fiscali <span class=\"_ _6\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019affrancamento <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>maggiori <span class=\"_ _6\"></span>val<span class=\"_ _3\"></span>ori originatesi <span class=\"_ _e\"> </span>dall\u2019acquisizione <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>societ\u00e0 <span class=\"_ _f\"> </span><span class=\"ff1\">Con <span class=\"_ _e\"> </span>Energia <span class=\"_ _e\"> </span>Spa <span class=\"_ _d\"> </span>pari <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>6<span class=\"ls16\">,5</span> <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>euro, <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fronte <span class=\"_ _e\"></span>del <span class=\"_ _e\"> </span>pagamento <span class=\"_ _d\"> </span>di </span>un\u2019imposta sostitutiv<span class=\"_ _3\"></span>a <span class=\"ff1 ls10\">di<span class=\"ls0\"> </span>3,<span class=\"ls0\">7 milioni d<span class=\"_ _3\"></span>i euro. </span></span>Con <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>ributi <span class=\"_ _5\"></span>straordinari<span class=\"ls16\">, <span class=\"_ _5\"></span></span>la <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>accoglie <span class=\"_ _7\"></span>quanto gi\u00e0 <span class=\"_ _7\"></span>versato <span class=\"_ _5\"></span>negli <span class=\"_ _5\"></span>esercizi <span class=\"_ _5\"></span>precedenti <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>EstEnergy Spa <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>relazione <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span><span class=\"ff5\">contributo <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>titolo <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>prelievo <span class=\"_ _d\"> </span>solidaristico <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>traordinario <span class=\"_ _e\"> </span>istituito, <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>l\u2019anno <span class=\"_ _e\"> </span>2022, <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>al <span class=\"_ _d\"> </span>D.L. <span class=\"_ _d\"> </span>n. </span>21/2022, <span class=\"_ _d\"> </span>iscritto <span class=\"_ _d\"> </span>co<span class=\"_ _5\"></span>me <span class=\"_ _e\"> </span>credito <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>oich\u00e9 <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _d\"> </span>riteneva <span class=\"_ _f\"> </span>che <span class=\"_ _d\"> </span>non <span class=\"_ _f\"> </span>sussistesse <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>robabilit\u00e0 <span class=\"_ _e\"> </span>oggettiva <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>overlo corrispondere <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>qual<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>era <span class=\"_ _6\"></span>successi<span class=\"_ _3\"></span>vamente <span class=\"_ _7\"></span>proceduto <span class=\"_ _7\"></span><span class=\"ff5\">alla <span class=\"_ _7\"></span>presentazione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un\u2019istanza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>rimborso.<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>Con <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a pronuncia  della  sentenza  n.111  d<span class=\"_ _5\"></span>el  27 <span class=\"_ _4\"> </span>giugno  2024, <span class=\"_ _4\"> </span>la <span class=\"_ _4\"> </span>Corte  costituzionale  ha, <span class=\"_ _4\"> </span>tuttavia,  <span class=\"ff5\">stabilito  l\u2019illegittimit\u00e0 </span>costituzionale del contributo con esclusivo riferimento all\u2019inclusi<span class=\"_ _3\"></span>one delle<span class=\"_ _7\"></span><span class=\"ff1\"> accise nella base imponibile rilevante per la </span>determinazione dello <span class=\"_ _5\"></span>stesso, <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>respinto <span class=\"_ _5\"></span>tutte le<span class=\"_ _5\"></span> altre <span class=\"_ _5\"></span>censure di <span class=\"_ _5\"></span>costituzionalit\u00e0<span class=\"ls16\">, <span class=\"_ _5\"></span></span>confermando in<span class=\"_ _5\"></span> tal <span class=\"_ _5\"></span>modo <span class=\"_ _5\"></span>la legittimit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>relievo. <span class=\"_ _6\"></span>Di <span class=\"_ _6\"></span>conseguen<span class=\"_ _3\"></span>za, <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>luce <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>parere <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>propri <span class=\"_ _6\"></span>legal<span class=\"_ _3\"></span>i,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>itenuto <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>pi\u00f9 recuperabile il cre<span class=\"_ _3\"></span>dito iscritto per il contributo <span class=\"_ _3\"></span>e ha contabilizzato <span class=\"_ _3\"></span>l\u2019onere tra le imposte di <span class=\"_ _3\"></span>periodo.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Il <span class=\"_ _7\"></span>Gruppo, <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023, <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>adottato <span class=\"_ _5\"></span>l'eccezione <span class=\"_ _7\"></span>temporanea <span class=\"_ _5\"></span>prevista <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>allo <span class=\"_ _5\"></span>Ias <span class=\"_ _7\"></span>12 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>contabilizzazione delle imposte anticipate e differite connesse<span class=\"_ _3\"></span> all\u2019applicazione delle disposizioni<span class=\"_ _3\"></span> del Pillar 2, introdotte nell\u2019ordinamento italiano c<span class=\"_ _5\"></span>on e<span class=\"_ _5\"></span>fficacia dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>gennaio <span class=\"_ _5\"></span>2024 dal <span class=\"_ _5\"></span>D.L<span class=\"_ _5\"></span>gs. del <span class=\"_ _5\"></span>28 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023 n. <span class=\"_ _5\"></span>209. <span class=\"_ _5\"></span>In <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>decreto, <span class=\"_ _5\"></span>Hera Spa si qualifica come controllante capogruppo (Ultimate Parent Entity <span class=\"_ _5\"></span>-<span class=\"_ _5\"></span> Upe) in <span class=\"_ _5\"></span>quant<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>consolid<span class=\"_ _3\"></span>a integralmente le attivit\u00e0, passivit\u00e0, i ricavi, i c<span class=\"_ _3\"></span>osti e i flussi finanziari <span class=\"_ _3\"></span>delle societ\u00e0 del Grup<span class=\"_ _3\"></span>po che partecipa (direttam<span class=\"_ _3\"></span>ente e indirettamente). <span class=\"_ _5\"></span> Sulla <span class=\"_ _6\"></span>base <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>risultanze<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>ca<span class=\"_ _5\"></span>lcolo <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>Transitional <span class=\"_ _7\"></span>CbCR <span class=\"_ _6\"></span>Safe <span class=\"_ _7\"></span>harbour <span class=\"_ _6\"></span>(Tsh) <span class=\"_ _7\"></span>test <span class=\"_ _6\"></span>relativo <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>d\u2019imposta<span class=\"_ _3\"></span> 2024  effettu<span class=\"_ _3\"></span>ato  dalla<span class=\"_ _3\"></span>  Upe,  il<span class=\"_ _3\"></span>  Gruppo <span class=\"_ _f\"> </span>(inteso  come <span class=\"_ _f\"> </span>insieme <span class=\"_ _f\"> </span>de<span class=\"_ _5\"></span>lle <span class=\"_ _f\"> </span>societ\u00e0  consolidat<span class=\"_ _3\"></span>e  contabilmen<span class=\"_ _3\"></span>te  dalla <span class=\"_ _f\"> </span>Upe) beneficia dei Tsh in tutte le giur<span class=\"_ _3\"></span>isdizioni <span class=\"_ _5\"></span><span class=\"ff5\">e quindi non \u00e8 te<span class=\"_ _3\"></span>nuta a pagare in Italia un\u2019impo<span class=\"_ _3\"></span>sta integrativa sui redditi delle<span class=\"_ _3\"></span> </span>controllate estere <span class=\"_ _3\"></span>che presentano un\u2019aliquota<span class=\"_ _3\"></span> fiscale effettiva inf<span class=\"_ _3\"></span>eriore al 15%.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Per <span class=\"_ _10\"> </span>u<span class=\"_ _5\"></span>n\u2019analisi <span class=\"_ _10\"> </span><span class=\"ff1\">ul<span class=\"_ _5\"></span>teriore <span class=\"_ _10\"> </span></span>dell\u2019andamento <span class=\"_ _10\"> </span>del <span class=\"_ _8\"> </span>tax <span class=\"_ _10\"> </span>ra<span class=\"_ _5\"></span>te, <span class=\"_ _10\"> </span>si <span class=\"_ _8\"> </span>rimanda <span class=\"_ _10\"> </span>al <span class=\"_ _8\"> </span>paragr<span class=\"_ _3\"></span>afo <span class=\"_ _8\"> </span>1<span class=\"_ _5\"></span>.04.01 <span class=\"_ _10\"> </span>\u201cRisultati <span class=\"_ _8\"> </span>economic<span class=\"_ _3\"></span>i <span class=\"_ _8\"> </span>e investimenti\u201d <span class=\"_ _6\"> </span>della <span class=\"_ _e\"> </span>relazione <span class=\"_ _e\"> </span>sulla <span class=\"_ _e\"> </span>gestione, <span class=\"_ _6\"></span>dove <span class=\"_ _e\"> </span>sia <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>risultato<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>prima <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>imposte <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>carico <span class=\"_ _6\"> </span>fiscale<span class=\"_ _6\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>laddove </span>necessario, <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _8\"> </span>rideter<span class=\"_ _3\"></span>minati <span class=\"_ _8\"> </span>gesti<span class=\"_ _3\"></span>onalmente<span class=\"ls1e\">, <span class=\"_ _8\"> </span></span>al <span class=\"_ _10\"> </span>fine <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>determinare <span class=\"_ _10\"> </span>un <span class=\"_ _10\"> </span>t<span class=\"_ _5\"></span>ax <span class=\"_ _10\"> </span>rate <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>djusted <span class=\"_ _10\"> </span>pienamente<span class=\"_ _3\"></span> confrontabile. 318<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>L\u2019aliquota <span class=\"_ _7\"></span>teorica <span class=\"_ _7\"></span>determinata <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onfigurazione <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>eddito <span class=\"_ _7\"></span>imponibile <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019impresa <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>fini <span class=\"_ _7\"></span>dell\u2019imposta Ires \u00e8 pari al 24%. L<span class=\"_ _3\"></span>a <span class=\"ff5\">riconciliazione con l\u2019aliquota <span class=\"_ _3\"></span>effettiva viene riport<span class=\"_ _3\"></span>ata di seguito.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>2024 2023 EFFETTO NOMI<span class=\"_ _3\"></span>NALE EFFETTO PERCE<span class=\"_ _3\"></span>NTUALE EFFETTO NOMI<span class=\"_ _3\"></span>NALE EFFETTO PERCE<span class=\"_ _3\"></span>NTUALE Utile prima delle im<span class=\"_ _3\"></span>poste 736,2 656,4 Ires Aliquota ordinari<span class=\"_ _3\"></span>a (176,7) (24,0)% (157,5) (24,0)% Deduzioni Irap 1,2 0,2% 1,1 0,2% Partecipazioni (5,9) (0,8)% (0,8) (0,1)% Ace e super Ace<span class=\"_ _3\"></span> \u2010<span class=\"ff4\"> </span>4,3 0,7% Maxi e iper ammort<span class=\"_ _3\"></span>amenti 6,0 0,8% 7,1 1,1% Ires esercizi preced<span class=\"_ _3\"></span>enti \u2010<span class=\"ff4\"> </span>(1,5) (0,2)% Altre variazioni (in au<span class=\"_ _3\"></span>mento e/o diminuzione) 20,7 2,8% 16,1 2,5% Irap e altre imp<span class=\"_ _3\"></span>oste correnti Irap (42,5) (5,8)% (43,8) (6,7)% Affrancamento 6,5 0,9% 1,8 0,3% Contributi extraprofitt<span class=\"_ _3\"></span>i (9,6) (1,3)% \u2010<span class=\"ff4\"> </span>Imposte (200,3) (27,2)% (173,2) (26,4)% Tale <span class=\"_ _5\"></span>riconciliazione <span class=\"_ _5\"></span>viene <span class=\"_ _5\"></span>proposta <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>soli <span class=\"_ _5\"></span>fini<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Ires, <span class=\"_ _5\"></span><span class=\"ff5\">in <span class=\"_ _5\"></span>considerazione del <span class=\"_ _7\"></span>fatto che<span class=\"_ _5\"></span> la <span class=\"_ _7\"></span>disciplina dell\u2019Irap <span class=\"_ _6\"></span></span>in merito <span class=\"_ _5\"></span>alla determinazione  dell<span class=\"_ _3\"></span>a  sua  base  imponibile  <span class=\"ff5\">rende  poco  signifi<span class=\"_ _3\"></span>cativa  la  riconciliazi<span class=\"_ _3\"></span>one  tra  l\u2019onere  fis<span class=\"_ _3\"></span>cale  teorico<span class=\"_ _5\"></span><span class=\"ff1\">, </span></span>derivato dai dati di bi<span class=\"_ _3\"></span>lancio, <span class=\"ff5\">e l\u2019onere fiscale effettivo.</span> La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>\u201cPartecipazioni\u201d accoglie <span class=\"_ _5\"></span>l\u2019effetto <span class=\"_ _5\"></span>delle s<span class=\"_ _5\"></span>valutazioni non <span class=\"_ _5\"></span>rilevanti f<span class=\"_ _5\"></span>iscalmente di <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>patrimonio<span class=\"_ _3\"></span> netto. La <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>\u201cMaxi <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>iper <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>mmortamen<span class=\"_ _3\"></span>ti\u201d <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>decrementa <span class=\"_ _e\"> </span><span class=\"ff1\">in <span class=\"_ _6\"></span>valore <span class=\"_ _7\"></span>assoluto <span class=\"_ _e\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _6\"></span>concl<span class=\"_ _3\"></span>usione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> </span>beneficio <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>iscale <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>quota <span class=\"_ _e\"> </span>parte <span class=\"_ _d\"> </span>degli <span class=\"_ _e\"> </span>investi<span class=\"_ _5\"></span>menti <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>nuovi <span class=\"_ _d\"> </span>beni <span class=\"_ _d\"> </span>strumentali <span class=\"_ _e\"></span>effettuata <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _e\"> </span>ne<span class=\"_ _5\"></span>gli <span class=\"_ _e\"></span>esercizi passati.  <span class=\"ff5\">Si <span class=\"_ _f\"> </span>ricorda  c<span class=\"_ _3\"></span>he  a <span class=\"_ _f\"> </span>partire <span class=\"_ _f\"> </span>dall\u2019esercizio  2020 <span class=\"_ _f\"> </span>tale<span class=\"_ _5\"></span><span class=\"ff1\">  age<span class=\"_ _3\"></span>volazione  \u00e8 <span class=\"_ _f\"> </span>stata  sostituita <span class=\"_ _f\"> </span>da  un  m<span class=\"_ _3\"></span>eccanismo <span class=\"_ _f\"> </span>di </span></span>riconoscimento di <span class=\"ff5\">crediti d\u2019imp<span class=\"_ _3\"></span>osta<span class=\"ff1\">. </span></span>La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>\u201cAltre <span class=\"_ _5\"></span>variazioni (in <span class=\"_ _5\"></span>aumento <span class=\"_ _5\"></span>e/o <span class=\"_ _5\"></span>diminuzione)\u201d <span class=\"_ _7\"></span><span class=\"ff1\">si <span class=\"_ _5\"></span>incrementa <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>allo <span class=\"_ _5\"></span>scorso <span class=\"_ _5\"></span>esercizio <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>effetto </span>di <span class=\"_ _6\"></span>component<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>risultato <span class=\"_ _6\"></span>prim<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>imposte <span class=\"_ _6\"></span>non <span class=\"_ _7\"></span>fiscalmente <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levanti <span class=\"_ _7\"></span>relative <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>valutazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _7\"></span>delle opzioni di vendita <span class=\"_ _5\"></span>e degli earn out n<span class=\"_ _5\"></span>ei confronti di<span class=\"_ _5\"></span> soci di <span class=\"_ _5\"></span>minoranza (<span class=\"lse\">49</span>,9 <span class=\"_ _5\"></span>milioni al 31 d<span class=\"_ _5\"></span>icembre 2024 rispetto a 31,<span class=\"_ _5\"></span>2 milioni <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>2023)<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _7\"></span>oltre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019effetto <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>rilascio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>imposte <span class=\"_ _7\"></span>differite <span class=\"_ _5\"></span>iscritte <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>differenziale <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ra <span class=\"_ _7\"></span>valore </span>nominale <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>attuale <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>debito <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>put <span class=\"_ _e\"> </span>option<span class=\"_ _5\"></span><span class=\"ls1e\">. <span class=\"_ _f\"> </span></span>Si <span class=\"_ _e\"></span>segnala, <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>noltre, <span class=\"_ _e\"></span>che <span class=\"_ _d\"> </span>la <span class=\"_ _e\"></span>voce <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>isente <span class=\"_ _e\"></span>positivamente <span class=\"_ _e\"></span>al <span class=\"_ _e\"> </span>31 dicembre <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>maggiori <span class=\"_ _7\"></span>agevolazioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>carattere <span class=\"_ _7\"></span>straordinario <span class=\"_ _7\"></span>riconosciute <span class=\"_ _5\"></span>sottoforma <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>credit<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>d\u2019imposta <span class=\"_ _7\"></span>ad alcune <span class=\"_ _e\"> </span>imprese <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _6\"> </span>per <span class=\"_ _d\"> </span>l\u2019acquisto <span class=\"_ _6\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span>lettrica <span class=\"_ _6\"></span>e <span class=\"_ _d\"> </span>gas <span class=\"_ _e\"> </span>naturale, <span class=\"_ _6\"> </span>azzerate <span class=\"_ _e\"> </span>dal <span class=\"_ _e\"> </span>Governo <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>partire <span class=\"_ _e\"> </span>dal secondo semestre dell\u2019e<span class=\"_ _3\"></span>sercizio 2023.<span class=\"ff1\"> </span>La <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>\u201cI<span class=\"_ _5\"></span>rap\u201d <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>decrementa <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>valore <span class=\"_ _5\"></span>assoluto <span class=\"_ _7\"></span>principalmente <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>benefici <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>affrancamenti <span class=\"_ _5\"></span>realizzati nel corso <span class=\"_ _5\"></span>dell\u2019anno 2024, pari <span class=\"_ _5\"></span>a 3,1 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro rispetto a <span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>milione di euro <span class=\"_ _5\"></span>del 31 <span class=\"_ _5\"></span>dicembre 2023<span class=\"_ _6\"></span><span class=\"ff1 ls1e\">. <span class=\"ls0\">La <span class=\"_ _5\"></span>diminuzione<span class=\"_ _3\"></span> </span></span>dell\u2019incidenza <span class=\"_ _e\"> </span>sul <span class=\"_ _f\"> </span>tax <span class=\"_ _e\"> </span>rate <span class=\"_ _f\"> </span>risente, <span class=\"_ _e\"> </span>inoltre, <span class=\"_ _d\"> </span>del<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _f\"> </span>significativ<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>miglioramento <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>gestione <span class=\"_ _d\"> </span>finanziaria, <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>quale <span class=\"_ _d\"> </span>non </span>risulta <span class=\"_ _7\"></span>essere<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>rilevante <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>fini <span class=\"_ _6\"></span>dell\u2019imposta<span class=\"_ _3\"></span>, <span class=\"_ _6\"></span>ma <span class=\"_ _7\"></span>determina <span class=\"_ _6\"></span>un <span class=\"_ _7\"></span>incremento <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>risultato <span class=\"_ _7\"></span>an<span class=\"_ _5\"></span>te<span class=\"_ _7\"></span><span class=\"ff1\">-imposte <span class=\"_ _6\"></span>(<span class=\"_ _3\"></span>base <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>calcolo </span>dell\u2019indicatore)<span class=\"ff1\">. </span>La <span class=\"_ _6\"> </span>voce <span class=\"_ _e\"> </span>\u201cAffrancamento\u201d <span class=\"_ _6\"></span>accoglie <span class=\"_ _6\"> </span>il <span class=\"_ _e\"> </span>beneficio <span class=\"_ _e\"> </span><span class=\"ff1\">netto <span class=\"_ _6\"></span>solamente <span class=\"_ _e\"></span>sulle <span class=\"_ _6\"></span>imposte <span class=\"_ _6\"></span>Ires<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>derivante <span class=\"_ _e\"></span><span class=\"lse\">da<span class=\"ls23\">ll<span class=\"_ _5\"></span></span></span></span>\u2019affrancamento <span class=\"_ _6\"></span>dei maggiori valori sopracitati pari a 6,5 milio<span class=\"_ _3\"></span>ni di euro (il beneficio Ir<span class=\"_ _3\"></span>ap <span class=\"ls10\">\u00e8 </span>infatti <span class=\"ff5\">classificato nell<span class=\"_ _3\"></span>a voce \u201cIrap\u201d d<span class=\"ff1\">i cui sopra). </span></span>Per la voce \u201cContrib<span class=\"_ _3\"></span>uti <span class=\"ff1\">straordinari</span>\u201d si veda quanto gi\u00e0 comme<span class=\"_ _3\"></span>ntato <span class=\"ff1\">sopra. </span>Infine, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>ricorda <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>1\u00b0 <span class=\"_ _6\"></span>gennaio <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>riforma <span class=\"_ _6\"></span>fiscale <span class=\"_ _6\"></span>approvata <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>Governo <span class=\"_ _6\"></span>italiano <span class=\"_ _7\"></span>ha <span class=\"_ _e\"> </span>abolito <span class=\"_ _6\"></span>l\u2019Ace <span class=\"_ _6\"></span>come<span class=\"_ _3\"></span> strumento di agevolazi<span class=\"_ _3\"></span>one fiscale per le soci<span class=\"_ _3\"></span>et\u00e0 che reinvestono g<span class=\"_ _3\"></span>li utili nel loro processo <span class=\"_ _3\"></span>operativo.<span class=\"_ _7\"></span>  <div class=\"c w16 h39 gs26b\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs26c\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs26d\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs26e\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs26f\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs270\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">319<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">13  Attivit\u00e0 e pa<span class=\"_ _3\"></span>ssivit\u00e0 per impo<span class=\"_ _3\"></span>ste correnti<span class=\"_ _75\"> </span> </div><div class=\"t m0 x10a h4e y1b98 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs272\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gs273\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gs274\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h90 gs275\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti per imposte <span class=\"_ _3\"></span>sul reddito </div></div><div class=\"c w111 h90 gs276\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">30,5 </div></div><div class=\"c w112 h90 gs277\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">10,3 </div></div><div class=\"c w111 h90 gs278\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">20,2 </div></div><div class=\"c w110 h3c gs279\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Credito per rimbors<span class=\"_ _3\"></span>o Ires </div></div><div class=\"c w111 h3c gs27a\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,8 </div></div><div class=\"c w112 h3c gs27b\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,1 </div></div><div class=\"c w111 h3c gs27c\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,3) </div></div><div class=\"c w110 h3c gs27d\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0 p<span class=\"_ _3\"></span>er imposte correnti </div></div><div class=\"c w111 h3c gs27e\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">31,3 </div></div><div class=\"c w112 h3c gs27f\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">11,4 </div></div><div class=\"c w111 h3c gs280\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">19,9 </div></div><div class=\"c w110 h3c gs281\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti per imposte <span class=\"_ _3\"></span>sul reddito </div></div><div class=\"c w111 h3c gs282\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">48,2 </div></div><div class=\"c w112 h3c gs283\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">110,2 </div></div><div class=\"c w111 h3c gs284\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(62,0) </div></div><div class=\"c w110 h3c gs285\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale passivit\u00e0 per <span class=\"_ _3\"></span>imposte correnti </div></div><div class=\"c w111 h3c gs286\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">48,2 </div></div><div class=\"c w112 h3c gs287\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">110,2 </div></div><div class=\"c w111 h3c gs288\"><div class=\"t m0 x98 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(62,0)<span class=\"_ _75\"> </span> </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h3 y1c97 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCrediti <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"> </span>sul <span class=\"_ _e\"> </span>reddito\u201d, <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>riferiscono <span class=\"_ _e\"> </span>all\u2019eccedenza <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>acconti <span class=\"_ _d\"> </span>versati<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"></span>dirette <span class=\"_ _e\"> </span>Ires <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>Irap </span></div><div class=\"t m0 x23 h3 y4f6 ff1 fs1 fc1 sc0 ls0 ws0\">rispetto al carico fiscale co<span class=\"_ _3\"></span>rrente di competenza <span class=\"ff5\">dell\u2019esercizio</span>. </div><div class=\"t m0 x10a h4e y1c98 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y11b0 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cDebiti per i<span class=\"_ _5\"></span>mposte sul reddito\u201d, includo<span class=\"ff1 lse\">no<span class=\"ls0\"> <span class=\"_ _5\"></span>principalmente le imposte Ires e Irap <span class=\"_ _5\"></span>stanziate per competenza sul reddito </span></span></div><div class=\"t m0 x23 h3 y144d ff5 fs1 fc1 sc0 ls0 ws0\">prodotto nell\u2019esercizi<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span><span class=\"ff1\">, al netto d<span class=\"_ _3\"></span>egli acconti versati e d<span class=\"_ _3\"></span>egli eventuali saldi pregr<span class=\"_ _3\"></span>essi non ancora comp<span class=\"_ _3\"></span>ensati<span class=\"_ _7\"></span><span class=\"ls1e\">. </span> </span></div><div class=\"t m0 x10a h4e y56 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 ye22 ff5 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _7\"></span>ricorda <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>l\u2019importo <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>articolarm<span class=\"_ _3\"></span>ente <span class=\"_ _7\"></span>rilevante <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>\u201cDebiti <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>imposte <span class=\"_ _5\"></span>sul <span class=\"_ _7\"></span>reddito\u201d <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"></span>rifletteva, </div><div class=\"t m0 x23 h43 y1c99 ff5 fs1 fc1 sc0 ls0 ws0\">per alcune <span class=\"_ _5\"></span>societ\u00e0 del <span class=\"_ _5\"></span>Gruppo, una significativa variazione <span class=\"_ _5\"></span>positiva dell\u2019utile prima delle <span class=\"_ _5\"></span>imposte rispetto <span class=\"_ _5\"></span>all\u2019esercizi<span class=\"_ _3\"></span>o </div><div class=\"t m0 x23 h3 yf63 ff1 fs1 fc1 sc0 ls0 ws0\">2022 che, <span class=\"_ _5\"></span>per e<span class=\"_ _5\"></span>ffetto del <span class=\"_ _5\"></span>meccanismo di versamento d<span class=\"_ _5\"></span>elle imposte dirette <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>acconto su <span class=\"_ _5\"></span>base storica, ha <span class=\"_ _5\"></span>comportato </div><div class=\"t m0 x23 h3 yef6 ff1 fs1 fc1 sc0 ls0 ws0\">una rilevante esposi<span class=\"_ _3\"></span>zione netta a debito al <span class=\"_ _3\"></span>31 dicembre 2023.<span class=\"_ _75\"> </span></div><div class=\"t m0 x23 h3 y5b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1c9a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y5e ff8 fsa fc2 sc0 ls0 ws0\">14  Attivit\u00e0 e pa<span class=\"_ _3\"></span>ssivit\u00e0 per imposte dif<span class=\"_ _3\"></span>ferite </div><div class=\"t m0 x10a h4e yc98 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs289\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gs28a\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gs28b\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gs28c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 per imposte a<span class=\"_ _3\"></span>nticipate </div></div><div class=\"c w111 h3c gs28d\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">468,9 </div></div><div class=\"c w112 h3c gs28e\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">448,2 </div></div><div class=\"c w111 h3c gs28f\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">20,7 </div></div><div class=\"c w110 h3c gs290\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Compensazione fis<span class=\"_ _3\"></span>calit\u00e0 differita </div></div><div class=\"c w111 h3c gs291\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(126,4) </div></div><div class=\"c w112 h3c gs292\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(146,1) </div></div><div class=\"c w111 h3c gs293\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">19,7 </div></div><div class=\"c w110 h3c gs294\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti per imposta <span class=\"_ _3\"></span>sostitutiva </div></div><div class=\"c w111 h3c gs295\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w112 h3c gs296\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w111 h3c gs297\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w110 h3c gs298\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0 p<span class=\"_ _3\"></span>er imposte differite n<span class=\"_ _3\"></span>ette </div></div><div class=\"c w111 h3c gs299\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">342,9 </div></div><div class=\"c w112 h3c gs29a\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">302,3 </div></div><div class=\"c w111 h3c gs29b\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">40,6 </div></div><div class=\"c w110 h3c gs29c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite </div></div><div class=\"c w111 h3c gs29d\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">271,2 </div></div><div class=\"c w112 h3c gs29e\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">303,0 </div></div><div class=\"c w111 h3c gs29f\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(31,8) </div></div><div class=\"c w110 h90 gs2a0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Compensazione fis<span class=\"_ _3\"></span>calit\u00e0 differita </div></div><div class=\"c w111 h90 gs2a1\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(126,4) </div></div><div class=\"c w112 h90 gs2a2\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(146,1) </div></div><div class=\"c w111 h90 gs2a3\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">19,7 </div></div><div class=\"c w110 h98 gs2a4\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale passivit\u00e0 p<span class=\"_ _3\"></span>er imposte differit<span class=\"_ _3\"></span>e nette </div></div><div class=\"c w111 h98 gs2a5\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">144,8 </div></div><div class=\"c w112 h98 gs2a6\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">156,9 </div></div><div class=\"c w111 h98 gs2a7\"><div class=\"t m0 x98 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(12,1) </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h3 yaf0 ff1 fs1 fc1 sc0 ls10 ws0\">Le <span class=\"_ _6\"></span><span class=\"ls0\">Attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>imposte <span class=\"_ _e\"></span>differite <span class=\"_ _6\"></span><span class=\"ff5\">(denominate <span class=\"_ _6\"></span>\u201cAttivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>differite\u201d <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"></span>pubblicato </span></span></div><div class=\"t m0 x23 h3 y1c9c ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019esercizio precedente)<span class=\"ff1\"> sono compensate laddove vi sia un diritto legalmente esercitabile di compensare le attivit\u00e0 </span></div><div class=\"t m0 x23 h3 yd5d ff1 fs1 fc1 sc0 ls0 ws0\">fiscali correnti con le<span class=\"_ _3\"></span> passivit\u00e0 fiscali corre<span class=\"_ _3\"></span>nti corrispondenti. </div><div class=\"t m0 x10a h4e y6a5 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 ye4d ff1 fs1 fc1 sc0 ls10 ws0\">Le<span class=\"ls0\"> <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ff5\">imposte <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ifferite <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _7\"></span></span>2024 <span class=\"_ _7\"></span>riguardano <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>seguenti <span class=\"_ _7\"></span>differenze </span></div><div class=\"t m0 x23 h3 y1bd8 ff1 fs1 fc1 sc0 ls0 ws0\">temporanee tra valore <span class=\"_ _3\"></span>attribuito alle attivit\u00e0<span class=\"_ _3\"></span> e passivit\u00e0 secondo <span class=\"_ _3\"></span>criteri c<span class=\"_ _5\"></span>ontabili e i corrispondenti valori <span class=\"_ _3\"></span>ai fini fiscali. </div><div class=\"t m0 x10a h4e y16d5 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w2b3 h8e gs2a8\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ATTIVIT\u00c0 PER IM<span class=\"_ _3\"></span>POSTE </div><div class=\"t m0 x0 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">DIFFERITE<span class=\"fc0\"> </span></div></div><div class=\"c w2ce h8e gs2a9\"><div class=\"t m0 xd7 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w2cf h8e gs2aa\"><div class=\"t m0 xf0 h2 y28 ff2 fs3 fc2 sc0 ls0 ws0\">2023<span class=\"ff1 fs0 fc0\"> </span></div></div><div class=\"c w2d0 h61 gs2ab\"><div class=\"t m0 x1a h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">DIFFERENZE </div><div class=\"t m0 x15 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">TEMPORANEE </div></div><div class=\"c w9d h61 gs2ac\"><div class=\"t m0 xb2 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xa4 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FISCALE </div><div class=\"t m0 x1a h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">(IRES + IRAP) </div></div><div class=\"c w2b5 h61 gs2ad\"><div class=\"t m0 x9d h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI </div><div class=\"t m0 x14 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">PATRIMONIALI </div></div><div class=\"c w2b6 h61 gs2ae\"><div class=\"t m0 xd h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">DIFFERENZE </div><div class=\"t m0 x182 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">TEMPORANEE </div></div><div class=\"c w9d h61 gs2af\"><div class=\"t m0 xb2 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xa4 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FISCALE </div><div class=\"t m0 x1a h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">(IRES + IRAP) </div></div><div class=\"c w2b5 h61 gs2b0\"><div class=\"t m0 x9d h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI </div><div class=\"t m0 x14 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">PATRIMONIALI </div></div><div class=\"c w2d1 h3c gs2b1\"><div class=\"t m0 x0 h2 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">Imposte anticip<span class=\"_ _3\"></span>ate con effetto a cont<span class=\"_ _3\"></span>o economico <span class=\"_ _3\"></span>e conto economic<span class=\"_ _3\"></span>o complessivo<span class=\"ff1 fs0 fc0\"> </span></div></div><div class=\"c w2b3 h3c gs2b2\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ammortamenti </div></div><div class=\"c w2b8 h3c gs2b3\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">738,1 </div></div><div class=\"c w2b9 h3c gs2b4\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">191,5 </div></div><div class=\"c w2b9 h3c gs2b5\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">698,2 </div></div><div class=\"c w2b9 h3c gs2b6\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">181,1 </div></div><div class=\"c w2b3 h98 gs2b7\"><div class=\"t m0 x0 hf yddf ff4 fs3 fc1 sc0 ls0 ws0\">Fondo svalutazi<span class=\"_ _3\"></span>one crediti </div></div><div class=\"c w2b8 h98 gs2b8\"><div class=\"t m0 xa3 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">389,4 </div></div><div class=\"c w2b9 h98 gs2b9\"><div class=\"t m0 xa8 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">93,0 </div></div><div class=\"c w2b9 h98 gs2ba\"><div class=\"t m0 xa3 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">321,6 </div></div><div class=\"c w2b9 h98 gs2bb\"><div class=\"t m0 xa8 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">76,2 </div></div><div class=\"c w2b3 h3c gs2bc\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondi </div></div><div class=\"c w2b8 h3c gs2bd\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">274,7 </div></div><div class=\"c w2b9 h3c gs2be\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">76,7 </div></div><div class=\"c w2b9 h3c gs2bf\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">244,5 </div></div><div class=\"c w2b9 h3c gs2c0\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">67,8 </div></div><div class=\"c w2b3 h3c gs2c1\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Partecipazioni </div></div><div class=\"c w2b8 h3c gs2c2\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">179,8 </div></div><div class=\"c w2b9 h3c gs2c3\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">50,3 </div></div><div class=\"c w2b9 h3c gs2c4\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">148,4 </div></div><div class=\"c w2b9 h3c gs2c5\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">41,9 </div></div><div class=\"c w2b3 h8e gs2c6\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Operazioni di copertur<span class=\"_ _3\"></span>a (cash flow </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">hedge) </div></div><div class=\"c w2b8 h8e gs2c7\"><div class=\"t m0 xa8 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">18,2 </div></div><div class=\"c w2b9 h8e gs2c8\"><div class=\"t m0 x1c hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">5,1 </div></div><div class=\"c w2b9 h8e gs2c9\"><div class=\"t m0 xa8 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">60,6 </div></div><div class=\"c w2b9 h8e gs2ca\"><div class=\"t m0 xa8 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">17,4 </div></div><div class=\"c w2b3 h3c gs2cb\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri </div></div><div class=\"c w2b8 h3c gs2cc\"><div class=\"t m0 xa3 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">201,5 </div></div><div class=\"c w2b9 h3c gs2cd\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">52,3 </div></div><div class=\"c w2b9 h3c gs2ce\"><div class=\"t m0 xa3 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">258,6 </div></div><div class=\"c w2b9 h3c gs2cf\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">63,8 </div></div><div class=\"c w2b3 h3c gs2d0\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale effetto fisc<span class=\"_ _3\"></span>ale </div></div><div class=\"c w2b8 h3c gs2d1\"><div class=\"t m0 x16 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">1.801,7 </div></div><div class=\"c w2b9 h3c gs2d2\"><div class=\"t m0 xa3 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">468,9 </div></div><div class=\"c w2b8 h3c gs2d3\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">1,0 </div></div><div class=\"c w2b9 h3c gs2d4\"><div class=\"t m0 x16 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">1.731,9 </div></div><div class=\"c w2b9 h3c gs2d5\"><div class=\"t m0 xa3 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">448,2 </div></div><div class=\"c w2d0 h3c gs2d6\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(9,3) </div></div><div class=\"c w2b3 h8e gs2d7\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">conto economico c<span class=\"_ _3\"></span>omplessivo </div></div><div class=\"c w2b9 h8e gs2d8\"><div class=\"t m0 x53 hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">(12,3) </div></div><div class=\"c w2b9 h8e gs2d9\"><div class=\"t m0 x53 hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">(40,3) </div></div><div class=\"c w2b3 h8e gs2da\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Importo accreditato (a<span class=\"_ _3\"></span>ddebitato) a </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">conto economico<span class=\"_ _3\"></span> </div></div><div class=\"c w2b9 h8e gs2db\"><div class=\"t m0 xa8 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">32,0 </div></div><div class=\"c w2b9 h8e gs2dc\"><div class=\"t m0 xa8 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">68,0 </div></div>320<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>PASSIVIT\u00c0 PE<span class=\"_ _3\"></span>R IMPOSTE DIFFERITE 2024 2023 DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI Imposte differite c<span class=\"_ _3\"></span>on effetto a conto <span class=\"_ _3\"></span>economico e cont<span class=\"_ _3\"></span>o economico com<span class=\"_ _3\"></span>plessivo<span class=\"ff1 fs0 fc0\"> </span>Ammortamenti<span class=\"_ _3\"></span> 875,4 187,2 836,8 177,4 Operazioni di copertur<span class=\"_ _3\"></span>a (cash flow hedge) 18,3 5,3 133,4 38,1 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie attualizzate 7,5 1,8 60,1 14,4 Fondi 26,7 7,8 32,5 8,8 Altri 278,4 69,1 258,0 64,3 Totale effetto fisc<span class=\"_ _3\"></span>ale 1.206,3 271,2 4,4 1.320,8 303,0 10,3 Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico c<span class=\"_ _3\"></span>omplessivo 33,0 123,9 Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico<span class=\"_ _3\"></span> 3,2 (11,3) Le <span class=\"_ _10\"> </span>\u201cVariazioni <span class=\"_ _10\"> </span>patrimoniali\u201d <span class=\"_ _8\"> </span><span class=\"ff1\">non <span class=\"_ _10\"> </span>producono <span class=\"_ _10\"> </span>effetti <span class=\"_ _10\"> </span>sul <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>onto <span class=\"_ _10\"> </span>economico <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>sul <span class=\"_ _8\"> </span>conto <span class=\"_ _10\"> </span>economico <span class=\"_ _10\"> </span>complessivo </span>dell\u2019esercizio<span class=\"ff1\">, <span class=\"_ _5\"></span>poich\u00e9 <span class=\"_ _7\"></span>accolgono<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>saldi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>imposte <span class=\"_ _7\"></span>differite <span class=\"_ _5\"></span>derivanti <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>usiness </span>combination effettuate nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 202<span class=\"_ _5\"></span><span class=\"ff1\">4<span class=\"_ _5\"></span> (per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>quali si rimanda <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>paragrafo 2.<span class=\"ls10\">02</span>.<span class=\"lse\">10</span> <span class=\"_ _5\"></span></span>\u201c<span class=\"ff1\">Altre <span class=\"_ _5\"></span>informazioni</span>\u201d<span class=\"ff1\">)<span class=\"_ _3\"></span> </span>e da riclassifiche di natura re<span class=\"_ _3\"></span>siduale intervenute tra attivit\u00e0 e <span class=\"_ _3\"></span>passivit\u00e0 per imposte differite.<span class=\"_ _75\"> </span> Le <span class=\"_ _f\"> </span><span class=\"ff5 ls0\">\u201cAttivit\u00e0  <span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte  di<span class=\"_ _3\"></span>fferite<span class=\"ff5\">\u201d  sono <span class=\"_ _f\"> </span>generate <span class=\"_ _f\"> </span>dalle  </span>differenze  tempor<span class=\"_ _3\"></span>anee  tra<span class=\"_ _3\"></span>  val<span class=\"_ _3\"></span>ore  attribuito <span class=\"_ _f\"> </span>alle  a<span class=\"_ _3\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>e </span></span>passivit\u00e0 <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>criteri <span class=\"_ _6\"></span>contabili <span class=\"_ _e\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>corrispondenti <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fini <span class=\"_ _6\"></span>fiscali<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _6\"></span></span><span class=\"ff5\">L\u2019incremento</span> <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>periodo <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>principalment<span class=\"_ _3\"></span>e dovuto ai seguenti ef<span class=\"_ _3\"></span>fetti: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">rettifica <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reversal <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>considerate <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>deducibili <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>determinazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>fiscale <span class=\"_ _6\"></span>corrente </span></span>dell\u2019esercizio <span class=\"_ _10\"> </span><span class=\"ff1\">precedente <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>relazion<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span><span class=\"ff5\">ll\u2019attivit\u00e0 <span class=\"_ _10\"> </span></span>di <span class=\"_ _10\"> </span>efficientamento <span class=\"_ _10\"> </span>energetico <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>condomini, <span class=\"_ _10\"> </span>che <span class=\"_ _10\"> </span>h<span class=\"_ _5\"></span>anno </span>comportato il decreme<span class=\"_ _3\"></span>nto delle attivit\u00e0 per <span class=\"lse\">23</span>,3 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">accantonamenti <span class=\"_ _6\"></span>netti <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>dell<span class=\"_ _5\"></span>a <span class=\"_ _e\"></span>Capogruppo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>principali <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita, <span class=\"_ _6\"></span>che </span></span>hanno comportato l\u2019i<span class=\"_ _3\"></span>ncremento<span class=\"ff1\"> delle attivit\u00e0 per complessivi 16,8 milioni di<span class=\"_ _3\"></span> euro; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">variazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>derivati<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ommodity, <span class=\"_ _5\"></span>designati <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>coperture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>flussi <span class=\"_ _5\"></span>finanziari </span></span>(cash  flow  hedge),  che  ha  comportato  un  decremento  delle<span class=\"_ _3\"></span>  attivit\u00e0  con  contropartita  il  conto  economico complessivo per 12,3 milioni di <span class=\"_ _3\"></span>euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">maggiori ammortamenti contabili non deducibili nell\u2019esercizio corrente, che hanno comportato l\u2019incremento delle </span></span>attivit\u00e0 per complessivi<span class=\"_ _3\"></span> 10,4 milioni di euro<span class=\"_ _3\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">accantonamenti netti ai<span class=\"_ _3\"></span> fondi, che hanno comp<span class=\"_ _3\"></span>ortato l\u2019increment<span class=\"_ _3\"></span>o delle attivit\u00e0 per <span class=\"_ _5\"></span><span class=\"ff1\">8,9 milioni di euro. </span></span></span>In <span class=\"_ _5\"></span>relazione <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>attivit\u00e0<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>iscritte <span class=\"_ _5\"></span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _5\"></span>2021</span> <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>riallineamento de<span class=\"_ _5\"></span>gli avv<span class=\"_ _5\"></span>iamenti <span class=\"_ _5\"></span>previsto <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>specifiche disposizioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>legge, <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>fiscale <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>utilizzo <span class=\"_ _5\"></span>annuale <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>costanti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>di 50 <span class=\"_ _e\"> </span>anni <span class=\"_ _6\"> </span>a <span class=\"_ _e\"> </span>partire <span class=\"_ _e\"> </span>dall\u2019<span class=\"ff1\">iscrizione, <span class=\"_ _e\"></span>il <span class=\"_ _e\"> </span>management <span class=\"_ _e\"></span>conferma <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>valutazione <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>piena <span class=\"_ _e\"></span>recuperabilit\u00e0 <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>considerazion<span class=\"_ _3\"></span>e </span>dell\u2019estensione  degli <span class=\"_ _4\"> </span>orizzonti  te<span class=\"_ _5\"></span>mporali  di  p<span class=\"_ _5\"></span>revedibilit\u00e0  dei  business <span class=\"_ _4\"> </span>regolati  d<span class=\"_ _5\"></span>ella  distribuzione,  dell\u2019incidenza particolarmente <span class=\"_ _e\"> </span>contenuta <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>reddito <span class=\"_ _f\"> </span>imponibi<span class=\"_ _3\"></span>le <span class=\"_ _d\"> </span>necessario <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>recupero <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>tali <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>mposte <span class=\"_ _e\"> </span>anticipate <span class=\"_ _d\"> </span>sul <span class=\"_ _f\"> </span>reddito<span class=\"_ _3\"></span> imponibile <span class=\"_ _e\"></span>complessivam<span class=\"_ _3\"></span>ente <span class=\"_ _e\"> </span>generato <span class=\"_ _e\"></span>dagli <span class=\"_ _e\"></span>asset <span class=\"_ _6\"></span>distributivi <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>residua <span class=\"_ _e\"></span>pluridecennale,<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>nonch\u00e9 <span class=\"_ _e\"></span>del regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>fis<span class=\"_ _3\"></span>cale <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>opera <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _6\"></span>conse<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compensare <span class=\"_ _6\"></span>eventu<span class=\"_ _3\"></span>ali <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>modo<span class=\"_ _3\"></span> trasversale ai business. \u201cPassivit\u00e0 <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>imposte <span class=\"_ _4\"> </span>differite\u201d <span class=\"_ _4\"> </span>sono <span class=\"_ _10\"> </span>generate <span class=\"_ _4\"> </span>dalle <span class=\"_ _10\"> </span>differenze <span class=\"_ _4\"> </span>temporanee<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>imponibili <span class=\"_ _4\"> </span></span>tra <span class=\"_ _10\"> </span>l\u2019utile  d<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>bilancio <span class=\"_ _10\"> </span>e l\u2019imponibile fiscale.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>componente rilevante, <span class=\"_ _5\"></span>inoltre, gli <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>fiscali <span class=\"_ _5\"></span>correlati all\u2019iscrizione o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>alla rettifica di attivit\u00e0 e p<span class=\"_ _3\"></span>assivit\u00e0 nel bilancio co<span class=\"_ _3\"></span>nsolidato.<span class=\"_ _5\"></span> Il <span class=\"_ _6\"></span>significativo <span class=\"_ _7\"></span>decremento<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dovuto <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>via <span class=\"_ _6\"></span>principale <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>valu<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dei derivati, <span class=\"_ _f\"> </span>principalmente  su <span class=\"_ _f\"> </span>commodity,  designati <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>coperture  di <span class=\"_ _f\"> </span>flussi  fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _f\"> </span>(cash  flow <span class=\"_ _f\"> </span>hedge), <span class=\"_ _f\"> </span>che  h<span class=\"_ _3\"></span>a comportando <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>decremento <span class=\"_ _8\"> </span>delle <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>per <span class=\"_ _8\"> </span><span class=\"ls10\">32</span>,8 <span class=\"_ _8\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>con <span class=\"_ _8\"> </span>contropartita <span class=\"_ _8\"> </span>il <span class=\"_ _8\"> </span>conto <span class=\"_ _8\"> </span>economic<span class=\"_ _1\"></span>o complessivo<span class=\"ls16\">.</span><span class=\"ls16\"> </span> // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>321<span class=\"ls0\"> </span>Informativa sui con<span class=\"_ _3\"></span>tenziosi fiscal<span class=\"_ _3\"></span>i Sezione <span class=\"_ _1e\"> </span>Ires, <span class=\"_ _1e\"> </span>Irap, <span class=\"_ _1e\"> </span>Iva <span class=\"_ _4\"> </span>e Ritenute<span class=\"ff4\"> </span>Societ\u00e0 Imposta Descrizione del contenzioso<span class=\"_ _3\"></span> Stato del contenzioso<span class=\"_ _3\"></span> Ammontare contestato*Importi pagati(anche <span class=\"_ _9\"> </span>a titolo provvisorio)**Accantonamentiiscritti a bilancioAscotrade Spa Ires, Irap e Iva Avvisi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>accertamento <span class=\"_ _f\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal 2013  al  2020  r<span class=\"_ _5\"></span>elativi  alla  deducibili<span class=\"_ _5\"></span>t\u00e0  di alcune <span class=\"_ _6\"> </span>c<span class=\"_ _5\"></span>omponenti <span class=\"_ _e\"> </span>del <span class=\"_ _6\"> </span>cos<span class=\"_ _5\"></span>to <span class=\"_ _6\"> </span>di  acquisto della <span class=\"_ _8\"> </span>m<span class=\"_ _5\"></span>ateria <span class=\"_ _2\"> </span>prima <span class=\"_ _2\"> </span>e <span class=\"_ _2\"> </span>alla <span class=\"_ _2\"> </span>il<span class=\"_ _5\"></span>legittima detrazione dell\u2019Iva<span class=\"ff4 fcf ls35\">. <span class=\"_ _5\"></span></span><span class=\"ff4\"> </span>Per <span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>anni <span class=\"_ _7\"></span>2013 <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>014, <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>Corte <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>Giustiz<span class=\"_ _5\"></span>ia <span class=\"_ _5\"></span>Tri<span class=\"_ _5\"></span>butaria di  II  grado  ha  rigettato  l\u2019appello  proposto  dall\u2019<span class=\"_ _5\"></span>Agenzia delle <span class=\"_ _5\"></span>entrate c<span class=\"_ _5\"></span>ondannandola <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>pagamento <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>spese. <span class=\"_ _5\"></span>I procedimenti  per <span class=\"_ _e\"> </span>l\u2019anno  2015  hanno  visto <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>entenze  di primo <span class=\"_ _f\"> </span>gr<span class=\"_ _5\"></span>ado <span class=\"_ _1e\"> </span>favorevoli <span class=\"_ _1e\"> </span>alla <span class=\"_ _f\"> </span>soci<span class=\"_ _5\"></span>et\u00e0. <span class=\"_ _1e\"> </span>L\u2019 <span class=\"_ _f\"> </span>Agenz<span class=\"_ _5\"></span>ia <span class=\"_ _f\"> </span>dell<span class=\"_ _5\"></span>e entrate <span class=\"_ _10\"> </span>ha <span class=\"_ _4\"> </span>ri<span class=\"_ _5\"></span>corso <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>ppello <span class=\"_ _10\"> </span>davanti <span class=\"_ _10\"> </span>alla <span class=\"_ _4\"> </span>Corte <span class=\"_ _10\"> </span>di Giustizia  Tributaria  di  II  grado  che  ha  riconf<span class=\"_ _5\"></span>ermato  la sentenza <span class=\"_ _5\"></span>di I <span class=\"_ _5\"></span>grado, <span class=\"_ _5\"></span>con socc<span class=\"_ _5\"></span>ombenza <span class=\"_ _5\"></span>dell\u2019Agenzia <span class=\"_ _5\"></span>delle entrate. <span class=\"_ _f\"> </span> <span class=\"_ _f\"> </span>Per <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>2016 <span class=\"_ _1e\"> </span>al  2<span class=\"_ _5\"></span>018, <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>Corte <span class=\"_ _f\"> </span>di Giustizia <span class=\"_ _c\"> </span>Tri<span class=\"_ _5\"></span>butaria <span class=\"_ _22\"> </span>di <span class=\"_ _c\"> </span>I<span class=\"_ _5\"></span> <span class=\"_ _c\"> </span>gr<span class=\"_ _5\"></span>ado <span class=\"_ _22\"> </span>ha <span class=\"_ _22\"> </span>annullato <span class=\"_ _22\"> </span>gli accertamenti, <span class=\"_ _5\"></span>ma <span class=\"ffb\">l\u2019<span class=\"_ _5\"></span>Agenzia <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span></span>entrate <span class=\"_ _5\"></span>ha imp<span class=\"_ _5\"></span>ugnato la sentenza. <span class=\"_ _1e\"> </span><span class=\"ffb\">Per <span class=\"_ _4\"> </span>l\u2019anno <span class=\"_ _4\"> </span>2019 <span class=\"_ _1e\"> </span>la <span class=\"_ _4\"> </span>societ\u00e0 <span class=\"_ _4\"> </span>ha <span class=\"_ _4\"> </span></span>presentato ricorso<span class=\"ls35\">, <span class=\"_ _4\"> </span></span>per <span class=\"_ _4\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>quale <span class=\"_ _4\"> </span>l<span class=\"ffb\">\u2019<span class=\"_ _5\"></span>Agenzia <span class=\"_ _4\"> </span>della <span class=\"_ _10\"> </span></span>Riscossione <span class=\"_ _4\"> </span>ha intimato <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>pagamento  della <span class=\"_ _6\"> </span>cauzione. <span class=\"_ _6\"> </span>S<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _6\"> </span>in  a<span class=\"_ _3\"></span>ttesa <span class=\"_ _6\"> </span>di fissazione  della  relativa  udienza.<span class=\"_ _5\"></span>  In  data  31  dicembre 2024 <span class=\"_ _f\"> </span>l\u2019Agenzia <span class=\"_ _1e\"> </span><span class=\"ff4\">delle <span class=\"_ _f\"> </span>entr<span class=\"_ _5\"></span>ate <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Ven<span class=\"_ _5\"></span>ezia <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>notifi<span class=\"_ _5\"></span>cato </span>avviso <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>accert<span class=\"_ _5\"></span>amento <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>l\u2019anno <span class=\"_ _7\"></span>2020 <span class=\"_ _7\"></span>verso <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>quale <span class=\"_ _7\"></span>la societ\u00e0 provveder\u00e0 a pr<span class=\"_ _5\"></span>esentare ricorso.<span class=\"_ _5\"></span> 13,6 0,<span class=\"ls0\">3 </span>- Herambiente Spa Irap Avvisi di accertamento <span class=\"_ _5\"></span>Irap per gli anni dal<span class=\"_ _5\"></span> 2009 <span class=\"_ _a\"> </span>al <span class=\"_ _9\"> </span>2013, <span class=\"_ _9\"> </span>circa <span class=\"_ _a\"> </span>l<span class=\"_ _5\"></span>a <span class=\"_ _a\"> </span>s<span class=\"_ _5\"></span>pettanza dell\u2019agevolazione <span class=\"_ _1e\"> </span>Irap <span class=\"_ _f\"> </span>\"c<span class=\"_ _5\"></span>uneo <span class=\"_ _f\"> </span>fis<span class=\"_ _5\"></span>cale\"<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ls14\">a </span></span>favore della societ\u00e0<span class=\"_ _5\"></span>. Per  i  periodi <span class=\"_ _f\"> </span>d'imposta  acc<span class=\"_ _5\"></span>ertati,  a <span class=\"_ _f\"> </span>seguito  dei  ric<span class=\"_ _5\"></span>orsi presentati d<span class=\"_ _5\"></span>alla parte <span class=\"_ _5\"></span>di volta <span class=\"_ _5\"></span>in volt<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>occombente (so<span class=\"_ _5\"></span>no presenti <span class=\"_ _4\"> </span>sentenze <span class=\"_ _4\"> </span>sia <span class=\"_ _4\"> </span>favorevoli<span class=\"_ _5\"></span> <span class=\"_ _1e\"> </span>che <span class=\"_ _4\"> </span>sfavor<span class=\"_ _5\"></span>evoli <span class=\"_ _4\"> </span>alla societ\u00e0), <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>procedime<span class=\"_ _5\"></span>nti <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>pendenti <span class=\"_ _7\"></span>innanzi <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>orte di Cassazione.  4,1 4,1 - Herambiente Spa Ritenute su divi<span class=\"_ _3\"></span>dendi Avvisi <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>accertamento <span class=\"_ _6\"> </span>v<span class=\"_ _5\"></span>erso <span class=\"_ _6\"> </span>la <span class=\"_ _6\"> </span>mancata<span class=\"_ _5\"></span> applicazione <span class=\"_ _f\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _f\"> </span>ri<span class=\"_ _5\"></span>tenuta <span class=\"_ _f\"> </span>sui <span class=\"_ _1e\"> </span>dividendi distribuiti <span class=\"_ _7\"></span>ad <span class=\"_ _7\"></span>Am<span class=\"_ _5\"></span>biente <span class=\"_ _7\"></span>Arancione<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>U.A. <span class=\"_ _7\"></span>ed<span class=\"_ _5\"></span> European  Waste<span class=\"_ _5\"></span>  Holding <span class=\"_ _f\"> </span>Ltd  negli  anni<span class=\"_ _5\"></span> 2016<span class=\"ls35\">, </span>2017, 2018 e<span class=\"_ _5\"></span> 2019. Con riferim<span class=\"_ _5\"></span>ento ai <span class=\"_ _5\"></span>procedimenti p<span class=\"_ _5\"></span>er gli <span class=\"_ _5\"></span>anni 2<span class=\"_ _5\"></span>016 e <span class=\"_ _5\"></span>2017, nel c<span class=\"_ _5\"></span>orso d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>2024 s<span class=\"_ _5\"></span>ono s<span class=\"_ _5\"></span>tate <span class=\"_ _5\"></span>depositate <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>sentenze <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>I grado <span class=\"_ _7\"></span>entrambe <span class=\"_ _6\"></span>favorevoli <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>Societ\u00e0. <span class=\"_ _7\"></span>Sono <span class=\"_ _7\"></span>pende<span class=\"_ _5\"></span>nti <span class=\"_ _7\"></span>i termini  per  la  presentazio<span class=\"_ _5\"></span>ne  del  ricorso  in  a<span class=\"_ _5\"></span>ppello  da parte <span class=\"_ _4\"> </span>dell\u2019Agenzia <span class=\"_ _4\"> </span>delle <span class=\"_ _4\"> </span>Entrate <span class=\"_ _4\"> </span>avverso <span class=\"_ _4\"> </span>le<span class=\"_ _5\"></span> <span class=\"_ _1e\"> </span>sud<span class=\"_ _5\"></span>dette sentenze. <span class=\"_ _6\"> </span>Nel <span class=\"_ _6\"></span>corso <span class=\"_ _6\"> </span>del <span class=\"_ _6\"> </span>2024 <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ociet\u00e0 <span class=\"_ _6\"> </span>ha <span class=\"_ _6\"> </span>ricevuto <span class=\"_ _6\"> </span>gli avvisi di <span class=\"_ _5\"></span>accertamento p<span class=\"_ _5\"></span>er gli <span class=\"_ _5\"></span>anni 2<span class=\"_ _5\"></span>018 e <span class=\"_ _5\"></span>2019 avvers<span class=\"_ _5\"></span>o i quali <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>stati pr<span class=\"_ _5\"></span>esentati i<span class=\"_ _5\"></span> r<span class=\"_ _5\"></span>elativi <span class=\"_ _5\"></span>ricorsi <span class=\"_ _5\"></span>presso <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>Corte di Giustizia Tributaria com<span class=\"_ _5\"></span>petente.<span class=\"fc1\"> </span>7<span class=\"ls58\">,0</span> - - Marche  Multiservizi Spa<span class=\"_ _3\"></span> Ires e Irap Avvisi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>accertamento <span class=\"_ _f\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal 2009  al <span class=\"_ _6\"> </span>2016  con  contestazione <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>elativa alla <span class=\"_ _8\"> </span>deduzion<span class=\"_ _5\"></span>e <span class=\"_ _8\"> </span>dell\u2019acca<span class=\"_ _5\"></span>ntonamento <span class=\"_ _8\"> </span>ai<span class=\"_ _5\"></span> fondi di post-gesti<span class=\"_ _5\"></span>one delle discariche.<span class=\"_ _5\"></span> Per <span class=\"_ _f\"> </span>gli <span class=\"_ _1e\"> </span>anni <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>2<span class=\"_ _5\"></span>009 <span class=\"_ _f\"> </span>al <span class=\"_ _1e\"> </span>2011, <span class=\"_ _1e\"> </span>a <span class=\"_ _f\"> </span>seguito <span class=\"_ _1e\"> </span>dei <span class=\"_ _f\"> </span>ricorsi presentati <span class=\"_ _7\"></span>dalla <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>arte <span class=\"_ _7\"></span>soccombente <span class=\"_ _6\"></span>avverso <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>sentenze sfavorevoli <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>Corte <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Gius<span class=\"_ _5\"></span>tizia <span class=\"_ _7\"></span>Tributaria <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>II <span class=\"_ _7\"></span>grado <span class=\"_ _6\"> </span>ha emesso <span class=\"_ _6\"></span>sentenze <span class=\"_ _6\"> </span>favorev<span class=\"_ _5\"></span>oli <span class=\"_ _6\"></span>all\u2019Ufficio, <span class=\"_ _6\"> </span>verso <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>quali <span class=\"_ _6\"> </span>la societ\u00e0 <span class=\"_ _5\"></span>ha <span class=\"_ _7\"></span>proposto <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>Cassazion<span class=\"_ _5\"></span>e<span class=\"ls35\">. <span class=\"_ _7\"></span></span>Per <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>anni 2012, 2013, <span class=\"_ _5\"></span>2014 e 2015 la<span class=\"_ _5\"></span> Corte d Giustizia<span class=\"_ _5\"></span> di <span class=\"_ _5\"></span>I grado si \u00e8 <span class=\"_ _10\"> </span>espressa <span class=\"_ _8\"> </span>con <span class=\"_ _10\"> </span>giudizio <span class=\"_ _8\"> </span>favorevole <span class=\"_ _10\"> </span>o <span class=\"_ _8\"> </span>parzialmente favorevole <span class=\"_ _5\"></span>verso <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ociet\u00e0, <span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>n <span class=\"_ _5\"></span>conseguent<span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>appello <span class=\"_ _7\"></span>da parte <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>ell\u2019Ufficio <span class=\"_ _e\"> </span>alla <span class=\"_ _6\"> </span>C<span class=\"_ _5\"></span>orte <span class=\"_ _e\"> </span>di <span class=\"_ _6\"> </span>giustizi<span class=\"_ _5\"></span>a <span class=\"_ _6\"> </span>di  II <span class=\"_ _6\"> </span>grado.  <span class=\"ff4\">Per </span>l'anno <span class=\"_ _6\"></span>2016, <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _7\"></span>ha <span class=\"_ _6\"> </span>impugn<span class=\"ffb\">a<span class=\"_ _5\"></span>to <span class=\"_ _7\"></span>l\u2019acc<span class=\"_ _5\"></span>ertamento. <span class=\"_ _6\"></span></span>In data <span class=\"_ _5\"></span>26 novem<span class=\"_ _5\"></span>bre 2<span class=\"_ _5\"></span>024 la <span class=\"_ _5\"></span>Corte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Giustizia <span class=\"_ _5\"></span>Tributaria <span class=\"_ _5\"></span>di I <span class=\"_ _7\"></span>grado <span class=\"_ _6\"> </span>di <span class=\"_ _7\"></span>Anco<span class=\"_ _5\"></span>na <span class=\"_ _7\"></span>ha <span class=\"_ _6\"></span>emesso <span class=\"_ _7\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>sentenza<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>quale ha respinto il ricorso d<span class=\"_ _5\"></span>ella societ\u00e0.<span class=\"_ _5\"></span> 2,5 1,<span class=\"ls0\">4 </span>0,<span class=\"ls0\">4 </span>Inrete  Distribuzione S<span class=\"_ _3\"></span>pa Ires e Irap Avvisi <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>accertamento <span class=\"_ _1e\"> </span>Ires <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>Irap <span class=\"_ _1e\"> </span>per l'anno 2016, <span class=\"_ _5\"></span>2017 e <span class=\"_ _5\"></span>2018 <span class=\"_ _5\"></span>aventi a <span class=\"_ _5\"></span>oggetto l\u2019indebita <span class=\"_ _1f\"> </span>deduzione <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>on<span class=\"_ _5\"></span>eri <span class=\"_ _5b\"> </span>d<span class=\"_ _5\"></span>a attualizzazione, <span class=\"_ _1d\"> </span>l\u2019erra<span class=\"_ _5\"></span>ta <span class=\"_ _1d\"> </span>determinazion<span class=\"_ _5\"></span>e dell\u2019agevolazione <span class=\"_ _8\"> </span>maxi<span class=\"_ _5\"></span><span class=\"ff4\">-ammortamenti <span class=\"_ _2\"> </span>e </span>iper-<span class=\"ffb\">ammortamenti <span class=\"_ _69\"> </span>(quest\u2019ultima </span>contestata <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>il<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>2017 <span class=\"_ _6\"> </span>e <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>20<span class=\"_ _5\"></span>18) <span class=\"_ _7\"></span>circa<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>gli<span class=\"_ _5\"></span> oneri <span class=\"_ _a\"> </span>accessori <span class=\"_ _a\"> </span>all'installazi<span class=\"_ _5\"></span>one <span class=\"_ _11\"> </span>d<span class=\"_ _5\"></span>egli smart <span class=\"_ _5\"></span>meters, <span class=\"_ _7\"></span>ovvero <span class=\"_ _5\"></span>l\u2019<span class=\"_ _5\"></span>indebita <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>duzione di <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>relativi<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>personale <span class=\"_ _7\"></span>dipendente <span class=\"_ _7\"></span>ai fini Irap (solo 2016).<span class=\"_ _5\"></span><span class=\"fc1\"> </span>Con <span class=\"_ _5\"></span>riferime<span class=\"_ _5\"></span>nto <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>pretesa <span class=\"_ _7\"></span>Irap, <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>definito <span class=\"_ _5\"></span>il<span class=\"_ _5\"></span> contraddittorio <span class=\"_ _e\"> </span>con <span class=\"_ _6\"> </span>l\u2019<span class=\"_ _5\"></span>Agenzia  d<span class=\"_ _3\"></span>elle  <span class=\"ff4\">entrate <span class=\"_ _6\"> </span>e  ha <span class=\"_ _6\"> </span>pagato </span>l\u2019imposta <span class=\"_ _6\"> </span>dovuta <span class=\"_ _6\"></span>(di <span class=\"_ _6\"> </span>entit\u00e0 <span class=\"_ _6\"></span>modesta). <span class=\"_ _6\"> </span>Con <span class=\"_ _6\"> </span>riferimento <span class=\"_ _6\"> </span>ai due <span class=\"_ _7\"></span>ril<span class=\"_ _5\"></span>ievi <span class=\"_ _6\"></span>Ires, <span class=\"_ _7\"></span>avverso <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>q<span class=\"_ _5\"></span>uali <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"> </span>stato <span class=\"_ _6\"></span>proposto <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>corso, nel <span class=\"_ _6\"></span>2022 <span class=\"_ _7\"></span>la <span class=\"_ _6\"> </span>Corte <span class=\"_ _6\"> </span>di <span class=\"_ _6\"></span>Giustizia <span class=\"_ _7\"></span>Tri<span class=\"_ _5\"></span>butaria <span class=\"_ _6\"> </span>ha <span class=\"_ _6\"></span>pronunciato sentenza <span class=\"_ _6a\"> </span>di <span class=\"_ _6a\"> </span>I <span class=\"_ _6a\"> </span>g<span class=\"_ _3\"></span>rado <span class=\"_ _6a\"> </span>favorevole <span class=\"_ _6a\"> </span>alla <span class=\"_ _6a\"> </span>societ\u00e0. Conseguentemente <span class=\"_ _e\"> </span>l\u2019Agenzia <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _e\"> </span><span class=\"ff4\">entrate <span class=\"_ _6\"> </span>ha  p<span class=\"_ _3\"></span>roposto </span>appello.  Il <span class=\"_ _f\"> </span>procedimento<span class=\"_ _5\"></span>  \u00e8 <span class=\"_ _f\"> </span>attualmente  pend<span class=\"_ _5\"></span>ente  in  II<span class=\"_ _5\"></span> grado. <span class=\"_ _6\"> </span>Con  riferimento <span class=\"_ _6\"> </span>all\u2019avviso  d<span class=\"_ _3\"></span>i  a<span class=\"_ _3\"></span>ccertamento <span class=\"_ _e\"> </span>2017 nel <span class=\"_ _6\"> </span>corso  de<span class=\"_ _3\"></span>l  2024 <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>stata  depositata <span class=\"_ _6\"> </span>la  sentenza <span class=\"_ _6\"> </span>di  I grado favorevole<span class=\"_ _5\"></span> alla soci<span class=\"_ _5\"></span>et\u00e0. Sono <span class=\"_ _5\"></span>pendenti i<span class=\"_ _5\"></span> termini <span class=\"_ _5\"></span>per la <span class=\"_ _2\"> </span>present<span class=\"_ _5\"></span>azione <span class=\"_ _2\"> </span>del <span class=\"_ _2\"> </span>ri<span class=\"_ _5\"></span>corso <span class=\"_ _2\"> </span>i<span class=\"_ _5\"></span>n <span class=\"_ _2\"> </span>appell<span class=\"_ _5\"></span>o <span class=\"_ _2\"> </span>da <span class=\"_ _1d\"> </span>parte dell\u2019Agenzia <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span><span class=\"ff4\">entrate <span class=\"_ _7\"></span>avverso <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>su<span class=\"_ _5\"></span>ddetta <span class=\"_ _7\"></span>sentenza. </span>In  pendenz<span class=\"_ _5\"></span>a  di <span class=\"_ _f\"> </span>giudizio  la<span class=\"_ _5\"></span>  societ\u00e0 <span class=\"_ _f\"> </span>ha  pagat<span class=\"_ _5\"></span>o  a <span class=\"_ _f\"> </span>titolo provvisorio <span class=\"_ _1e\"> </span>1/3 <span class=\"_ _4\"> </span>dell\u2019imposta <span class=\"_ _1e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _1e\"> </span>gli <span class=\"_ _1e\"> </span>interessi <span class=\"_ _4\"> </span>dovuti. <span class=\"_ _1e\"> </span>Si attende <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>rimborso <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>dell\u2019Agenzia <span class=\"_ _7\"></span>delle <span class=\"_ _6\"> </span><span class=\"ff4\">entrate <span class=\"_ _6\"></span>a </span>seguito della sudd<span class=\"_ _5\"></span>etta sentenza favor<span class=\"_ _5\"></span>evole.<span class=\"_ _5\"></span> Nel corso del 2024  \u00e8  stato  notificato<span class=\"_ _5\"></span>  l\u2019avviso  di  accertamento  per  il<span class=\"_ _5\"></span> periodo <span class=\"_ _2\"> </span>d\u2019imposta <span class=\"_ _2\"> </span>2<span class=\"_ _5\"></span>018 <span class=\"_ _2\"> </span>a<span class=\"ff4\">vverso <span class=\"_ _2\"> </span>il<span class=\"_ _5\"></span> <span class=\"_ _2\"> </span>quale <span class=\"_ _2\"> </span>\u00e8 <span class=\"_ _2\"> </span>stato </span>presentato <span class=\"_ _7\"></span>ricorso <span class=\"_ _7\"></span>presso <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>Corte <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Gi<span class=\"_ _5\"></span>ustizia <span class=\"_ _5\"></span>Tri<span class=\"_ _5\"></span>butaria competente. I<span class=\"_ _5\"></span>n pendenza <span class=\"_ _5\"></span>di giudizio l<span class=\"_ _5\"></span>a societ\u00e0<span class=\"_ _5\"></span> ha <span class=\"_ _5\"></span>pagato a titolo provvisorio 1/3 dell<span class=\"_ _5\"></span>\u2019imposta e gli interessi<span class=\"_ _5\"></span> dovuti.<span class=\"_ _5\"></span><span class=\"ff4\"> </span>2,8 0,<span class=\"ls0\">5 </span>- 322<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>Hera Luce Srl<span class=\"_ _3\"></span> Ires e Irap Avviso  di  accertamento  per  l\u2019anno  2013 relativo <span class=\"_ _1d\"> </span>alla <span class=\"_ _2\"> </span>d<span class=\"_ _5\"></span>educibilit\u00e0 <span class=\"_ _1d\"> </span>dei <span class=\"_ _1d\"> </span>costi <span class=\"_ _2\"> </span>di<span class=\"_ _5\"></span> manutenzione ordinaria.<span class=\"_ _5\"></span> \u00c8  stato<span class=\"_ _3\"></span>  proposto  ricorso <span class=\"_ _e\"> </span>in  appello  p<span class=\"_ _3\"></span>resso  la  Co<span class=\"_ _3\"></span>rte  di Giustizia  Tributaria  di <span class=\"_ _e\"> </span>II  grado  contro <span class=\"_ _e\"> </span>la  sentenza  di <span class=\"_ _e\"> </span>I grado, <span class=\"_ _6\"> </span>che  ha <span class=\"_ _6\"> </span>annullato <span class=\"_ _e\"> </span>le <span class=\"_ _6\"> </span>sa<span class=\"_ _5\"></span>nzioni, <span class=\"_ _6\"> </span>ma<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>conferm<span class=\"_ _5\"></span>ato <span class=\"_ _6\"> </span>le maggiori <span class=\"_ _1e\"> </span>im<span class=\"_ _5\"></span>poste <span class=\"_ _1e\"> </span>richieste. <span class=\"_ _4\"> </span>La <span class=\"_ _1e\"> </span>Soci<span class=\"_ _5\"></span>et\u00e0 <span class=\"_ _1e\"> </span>ha <span class=\"_ _4\"> </span>definito <span class=\"_ _1e\"> </span>il giudizio <span class=\"_ _8\"> </span>ricorre<span class=\"_ _5\"></span>ndo <span class=\"_ _8\"> </span>all'istituto <span class=\"_ _2\"> </span>della <span class=\"_ _8\"> </span>definizio<span class=\"_ _5\"></span>ne <span class=\"_ _8\"> </span>delle controversie <span class=\"_ _6\"> </span>tributarie <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>c<span class=\"_ _5\"></span>ui <span class=\"_ _6\"> </span>all'art. <span class=\"_ _6\"> </span>1, <span class=\"_ _6\"> </span>commi <span class=\"_ _6\"> </span>197 <span class=\"_ _6\"> </span>ss <span class=\"_ _6\"> </span>L. 29/12/2022, <span class=\"_ _5\"></span>n. <span class=\"_ _7\"></span>197 <span class=\"_ _5\"></span>(Legge <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Bi<span class=\"_ _5\"></span>lancio <span class=\"_ _5\"></span>2023). <span class=\"_ _5\"></span>In<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>di comunicazione della cess<span class=\"_ _5\"></span>ata materia del conten<span class=\"_ _5\"></span>dere.<span class=\"_ _5\"></span> 0,6 0,3 - *  per  \u201cammontare  contestato\u201d  si  intende  l'i<span class=\"_ _3\"></span>mporto  originario  oggetto  di  contestazione <span class=\"_ _e\"> </span>privo  di  interessi,  a  meno  di  ridetermi<span class=\"_ _5\"></span><span class=\"ff1\">nazioni  intervenute  a  seguito  di<span class=\"_ _3\"></span> </span>conciliazione giudiziale, accertamento con adesione, annullamento parziale in sede giudiziale o in autotutela. ** gli importi pagati accolgono gli interessi, laddove dovuti.  Sezione altre imp<span class=\"_ _3\"></span>oste Societ\u00e0 Imposta Descrizione del contenzioso Stato del contenzioso Ammontare contestato*Importi pagati(anche <span class=\"_ _2\"> </span>a <span class=\"_ _1d\"> </span>tit<span class=\"_ _3\"></span>olo provvisorio)**Accantonamentiiscritti a bilancioHerambiente Spa Ecotassa Atti <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontestazione <span class=\"_ _6\"></span>relativi <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>disc<span class=\"_ _5\"></span>arica di  Sommacampagna  per  i  periodi  2014-<span class=\"_ _75\"> </span>2017. Per  il <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span><span class=\"ffb\">d\u2019imposta <span class=\"_ _f\"> </span>2014</span>  si <span class=\"_ _f\"> </span>\u00e8  tenu<span class=\"_ _5\"></span>ta  udienz<span class=\"_ _5\"></span>a  di trattazione <span class=\"_ _e\"> </span><span class=\"fcd\">e <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>giudizi<span class=\"_ _5\"></span>o <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>stat<span class=\"_ _5\"></span>o <span class=\"_ _6\"></span>sospeso. <span class=\"_ _6\"> </span>P<span class=\"_ _5\"></span>er <span class=\"_ _6\"> </span>il<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>periodo </span>2015 <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>entenza <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _7\"></span>Corte <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Giustizia <span class=\"_ _7\"></span>Tri<span class=\"_ _5\"></span>butaria <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>II grado <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>risult<span class=\"_ _5\"></span>ata <span class=\"_ _5\"></span>favorevole<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>soci<span class=\"_ _5\"></span>et\u00e0. <span class=\"_ _5\"></span>Sono <span class=\"_ _7\"></span>pendenti <span class=\"_ _5\"></span>i termini per<span class=\"_ _5\"></span> la pr<span class=\"_ _5\"></span>esentazione <span class=\"_ _5\"></span>del ri<span class=\"_ _5\"></span>corso in <span class=\"_ _5\"></span>Cassazione<span class=\"_ _5\"></span> da parte <span class=\"_ _1d\"> </span>della <span class=\"_ _1d\"> </span>Regione <span class=\"_ _1d\"> </span>V<span class=\"_ _5\"></span>eneto <span class=\"_ _1d\"> </span>avverso <span class=\"_ _1d\"> </span>l<span class=\"_ _5\"></span>a <span class=\"_ _1d\"> </span>suddetta sentenza. <span class=\"_ _6\"> </span>Per <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>periodi  d\u2019imposta <span class=\"_ _6\"> </span>2016 <span class=\"_ _6\"> </span>e  2<span class=\"_ _3\"></span>017 <span class=\"_ _6\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>stata depositata <span class=\"_ _8\"> </span>la <span class=\"_ _10\"> </span>sentenza <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>I <span class=\"_ _8\"> </span>grado <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _10\"> </span>ri<span class=\"_ _5\"></span>sultata parzialmente <span class=\"_ _10\"> </span>favorev<span class=\"_ _5\"></span>ole <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>soci<span class=\"_ _5\"></span>et\u00e0. <span class=\"_ _10\"> </span>A <span class=\"_ _10\"> </span>seguito <span class=\"_ _8\"> </span>del ricorso <span class=\"_ _1e\"> </span>in <span class=\"_ _4\"> </span>appello <span class=\"_ _4\"> </span>da <span class=\"_ _1e\"> </span>p<span class=\"_ _5\"></span>arte <span class=\"_ _1e\"> </span>della <span class=\"_ _4\"> </span>Regione <span class=\"_ _4\"> </span>Veneto <span class=\"_ _1e\"> </span>il procedimento  \u00e8  pendente  presso  la  Corte  di  Giustizia Tributaria di II grado.<span class=\"_ _5\"></span><span class=\"fc1\"> </span>7,0 - 1,5 Hera Servizi En<span class=\"_ _3\"></span>ergia Spa Crediti <span class=\"_ _8\"> </span>d\u2019imposta <span class=\"_ _10\"> </span>bonus edilizi Annullamento <span class=\"_ _10\"> </span>comunicazione <span class=\"_ _10\"> </span>sconto <span class=\"_ _4\"> </span>i<span class=\"_ _5\"></span>n fattura art.121 del DL 34/202<span class=\"_ _5\"></span>0 Nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>del <span class=\"_ _1e\"> </span>2024 <span class=\"_ _f\"> </span>l<span class=\"_ _5\"></span><span class=\"ffb\">\u2019Agenzia <span class=\"_ _f\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _f\"> </span></span>entrate <span class=\"_ _1e\"> </span>Direzione Provinciale  di <span class=\"_ _f\"> </span>Trieste  e<span class=\"_ _5\"></span>  di  V<span class=\"_ _5\"></span>enezia  hanno  pr<span class=\"_ _5\"></span>ovveduto all\u2019annullamento <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>alcu<span class=\"_ _5\"></span>ne <span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>unicazioni <span class=\"_ _7\"></span>dello <span class=\"_ _7\"></span>sc<span class=\"_ _5\"></span>onto <span class=\"_ _5\"></span>in fattura relative a <span class=\"_ _5\"></span>pratiche vers<span class=\"_ _5\"></span>o condominii. <span class=\"_ _5\"></span>La societ<span class=\"_ _5\"></span>\u00e0 ha provveduto a presentar<span class=\"_ _5\"></span>e i relativi ricorsi.<span class=\"_ _5\"></span> 5,1 - Herambiente Spa Ici/Imu Avvisi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>accertame<span class=\"_ _5\"></span>nto <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal<span class=\"_ _5\"></span> 2008 <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>20<span class=\"ls14\">23</span> <span class=\"_ _4\"> </span>emessi<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>seguito <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ella rettifica <span class=\"_ _6b\"> </span>di <span class=\"_ _5c\"> </span>classam<span class=\"_ _5\"></span>ento <span class=\"_ _5c\"> </span>c<span class=\"_ _5\"></span>atastale dell\u2019impianto <span class=\"_ _1d\"> </span>del <span class=\"_ _1d\"> </span>termovalorizzatore <span class=\"_ _1d\"> </span>di Ferrara. Il <span class=\"_ _5\"></span>procedime<span class=\"_ _5\"></span>nto <span class=\"_ _5\"></span>risulta <span class=\"_ _7\"></span>concluso <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>avvi<span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>2008<span class=\"_ _5\"></span>-2013 con <span class=\"_ _8\"> </span>pronuncia <span class=\"_ _10\"> </span>fav<span class=\"_ _5\"></span>orevole <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>er <span class=\"_ _10\"> </span>la <span class=\"_ _8\"> </span>societ\u00e0. <span class=\"_ _8\"> </span><span class=\"fcd\">I <span class=\"_ _8\"> </span>periodi </span>d\u2019imposta 201<span class=\"_ _5\"></span>4 e 20<span class=\"_ _5\"></span>15 sono <span class=\"_ _5\"></span>pendenti i<span class=\"_ _5\"></span>n I gra<span class=\"_ _5\"></span>do in <span class=\"_ _5\"></span>attesa dell\u2019esito delle co<span class=\"_ _5\"></span>ntroversie catastali.<span class=\"_ _5\"></span> Per quanto ri<span class=\"_ _5\"></span>guarda gli <span class=\"_ _10\"> </span>anni <span class=\"_ _10\"> </span>2016-<span class=\"_ _5\"></span>2023 <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _10\"> </span>integralm<span class=\"_ _5\"></span>ente <span class=\"_ _10\"> </span>definiti mediante conciliazione c<span class=\"_ _5\"></span>on il Comune.<span class=\"_ _5\"></span><span class=\"fc1\"> </span>2,8 1,3 1,9 Herambiente Spa Ici/Imu Avvisi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>accertamento <span class=\"_ _f\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal 2011 <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>2<span class=\"_ _5\"></span>023 <span class=\"_ _4\"> </span>em<span class=\"_ _5\"></span>essi <span class=\"_ _10\"> </span>relativamente <span class=\"_ _10\"> </span>a fabbricati <span class=\"_ _11\"> </span>e <span class=\"_ _22\"> </span>aree <span class=\"_ _11\"> </span>fabbrica<span class=\"_ _5\"></span>bili <span class=\"_ _22\"> </span>s<span class=\"_ _5\"></span>iti <span class=\"_ _22\"> </span>a Ravenna <span class=\"_ _9\"> </span>circa <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>loro <span class=\"_ _9\"> </span>class<span class=\"_ _5\"></span>amento catastale. Per <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>anni <span class=\"_ _7\"></span>2011-<span class=\"_ _5\"></span>2020 <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>state<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>pronunci<span class=\"_ _5\"></span>ate <span class=\"_ _5\"></span>sente<span class=\"_ _5\"></span>nze in  parte <span class=\"_ _e\"> </span>parzialmente  favorevoli  e <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span>n  parte <span class=\"_ _e\"> </span>sfavorevoli. Per <span class=\"_ _f\"> </span>alcune  u<span class=\"_ _5\"></span>nit\u00e0  im<span class=\"_ _5\"></span>mobiliari <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>fini <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>pagamento <span class=\"_ _f\"> </span>di quanto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ovuto, <span class=\"_ _5\"></span><span class=\"ffb\">si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>n <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019esito <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>controversie<span class=\"_ _5\"></span> </span>catastali. P<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>le r<span class=\"_ _5\"></span>estanti <span class=\"_ _5\"></span>questioni <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>elative <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>anni <span class=\"_ _5\"></span>2016<span class=\"_ _5\"></span>-<span class=\"_ _75\"> </span>2020 <span class=\"_ _22\"> </span>la <span class=\"_ _22\"> </span>societ\u00e0 <span class=\"_ _22\"> </span>h<span class=\"_ _5\"></span>a <span class=\"_ _22\"> </span>definito <span class=\"_ _11\"> </span>le <span class=\"_ _22\"> </span>pretese <span class=\"_ _11\"> </span>tramite conciliazione con il Com<span class=\"_ _5\"></span>une. Con <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>ferimento <span class=\"_ _6\"></span>agli <span class=\"_ _7\"></span>acc<span class=\"_ _5\"></span>ertamenti <span class=\"_ _6\"></span>2021-202<span class=\"_ _5\"></span>3, <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ociet\u00e0 ha pagato quanto contenut<span class=\"_ _5\"></span>o negli avvisi di accertame<span class=\"_ _5\"></span>nto.<span class=\"_ _5\"></span><span class=\"fc1\"> </span>2,4 1,3 1,4 AcegasApsAmga <span class=\"_ _3\"></span>Spa Accise sugli  autoconsumi Verifica <span class=\"_ _5d\"> </span>tecnic<span class=\"_ _5\"></span>o-amministrati<span class=\"_ _5\"></span>va <span class=\"_ _5d\"> </span>sui<span class=\"_ _5\"></span> termovalorizzatori <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>Padova <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>Trieste<span class=\"_ _5\"></span> svolta  dall\u2019Agenzia  delle  Dogane  per  gli<span class=\"_ _5\"></span> anni <span class=\"_ _2\"> </span>dal <span class=\"_ _2\"> </span>2012 <span class=\"_ _2\"> </span>al <span class=\"_ _2\"> </span>2015 <span class=\"_ _2\"> </span>i<span class=\"_ _5\"></span>n <span class=\"_ _8\"> </span>rel<span class=\"_ _5\"></span>azione all\u2019installazione  degli  stru<span class=\"_ _3\"></span>menti  di  misura per <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>rilevazi<span class=\"_ _5\"></span>one <span class=\"_ _10\"> </span>dell'energia <span class=\"_ _8\"> </span>elettrica prodotta  e  utilizzata  per  auto<span class=\"_ _3\"></span>consumo<span class=\"_ _5\"></span>  e relativo pagamento dell'accisa<span class=\"_ _5\"></span>. Con <span class=\"_ _10\"> </span>riferimento <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>term<span class=\"_ _5\"></span>ovalorizzatore <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>P<span class=\"_ _5\"></span>adova, <span class=\"_ _10\"> </span>la Cassazione <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>acc<span class=\"_ _5\"></span>olto <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>corso <span class=\"_ _7\"></span>rinvi<span class=\"_ _5\"></span>ando <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>caus<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>all<span class=\"_ _5\"></span>a Corte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Gi<span class=\"_ _5\"></span>ustizia <span class=\"_ _5\"></span>Tributaria <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>II <span class=\"_ _7\"></span>grado. <span class=\"_ _5\"></span>Allo<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>attuale si \u00e8 in attesa di fi<span class=\"_ _5\"></span>ssazione dell'udienza.<span class=\"_ _5\"></span> Con riferimento al termovalorizzatore  di  Trieste, <span class=\"_ _6\"> </span>a  seguito  della  sen<span class=\"_ _3\"></span>tenza della <span class=\"_ _5\"></span>Corte <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>Giustizia <span class=\"_ _5\"></span>Tri<span class=\"_ _5\"></span>butaria <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>avev<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>onosciuto la <span class=\"_ _6\"></span>spettanza <span class=\"_ _6\"></span>dell'accisa <span class=\"_ _6\"></span>agevolata, <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>'Agenzia <span class=\"_ _6\"> </span>dell\u2019<span class=\"_ _5\"></span><span class=\"ff4\">entrate </span>ha  proposto <span class=\"_ _e\"> </span>ricorso  per  Cassazione. <span class=\"_ _e\"> </span>Si  \u00e8 <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span>n  attesa  di fissazione dell'udienza.<span class=\"_ _5\"></span> 2,1 1,1 - // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>323<span class=\"ls0\"> </span>Avvisi <span class=\"_ _20\"> </span>di <span class=\"_ _20\"> </span>accertamento <span class=\"_ _20\"> </span>relativi all\u2019occupazione <span class=\"_ _11\"> </span>p<span class=\"_ _5\"></span>ermanente <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>s<span class=\"_ _5\"></span>uolo pubblico <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>c<span class=\"_ _5\"></span>assonetti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>rifiu<span class=\"_ _5\"></span>ti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i periodi <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>imposta <span class=\"_ _8\"> </span>dal <span class=\"_ _10\"> </span>2013 <span class=\"_ _8\"> </span>al <span class=\"_ _10\"> </span>201<span class=\"_ _5\"></span>7 notificati dal Comune di Ricc<span class=\"_ _5\"></span>ione. I <span class=\"_ _5\"></span><span class=\"ls0\">proce<span class=\"_ _5\"></span>dimenti <span class=\"_ _5\"></span>Tos<span class=\"_ _5\"></span>ap <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>anni <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>2013 <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>2016 <span class=\"_ _7\"></span>sono </span>pendenti <span class=\"_ _6\"> </span>inna<span class=\"_ _5\"></span>nzi <span class=\"_ _6\"> </span>alla <span class=\"_ _e\"> </span>Corte <span class=\"_ _6\"> </span>di  Cassazione <span class=\"_ _6\"> </span>a <span class=\"_ _e\"> </span>seguito <span class=\"_ _6\"> </span>di presentazione <span class=\"_ _5\"></span>dei ricorsi <span class=\"_ _5\"></span>avverso le<span class=\"_ _5\"></span> sentenze <span class=\"_ _5\"></span>di 2\u00b0 <span class=\"_ _5\"></span>grado parzialmente <span class=\"_ _9\"> </span>s<span class=\"_ _5\"></span>favorevoli <span class=\"_ _23\"> </span>alla <span class=\"_ _9\"> </span>societ<span class=\"_ _5\"></span>\u00e0. <span class=\"_ _9\"> </span>Mentre<span class=\"_ _5\"></span> <span class=\"_ _9\"> </span>il procedimento <span class=\"_ _5\"></span>Cosap <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l'anno <span class=\"_ _5\"></span>2017 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>pendent<span class=\"_ _5\"></span>e innanzi<span class=\"_ _5\"></span> alla <span class=\"_ _7\"></span>C<span class=\"_ _5\"></span>orte <span class=\"_ _7\"></span>d\u2019Ap<span class=\"_ _5\"></span>pello <span class=\"_ _7\"></span>di <span class=\"_ _6\"> </span>Bologna. <span class=\"_ _6\"></span>La <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>entenza <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>I <span class=\"_ _6\"></span>grado risulta parzialmente fav<span class=\"_ _5\"></span>orevole alla societ\u00e0.<span class=\"_ _5\"></span> 1,2 1,2 Hera Spa Cosap/Tosap Atto <span class=\"_ _1d\"> </span>di <span class=\"_ _1d\"> </span>contestazione <span class=\"_ _1d\"> </span>Cosap <span class=\"_ _1d\"> </span>relativ<span class=\"_ _5\"></span>o all\u2019occupazione <span class=\"_ _11\"> </span>p<span class=\"_ _5\"></span>ermanente <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>s<span class=\"_ _5\"></span>uolo pubblico <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>c<span class=\"_ _5\"></span>assonetti <span class=\"_ _f\"> </span>per <span class=\"_ _1e\"> </span>rifiuti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i<span class=\"_ _5\"></span> periodi <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>im<span class=\"_ _5\"></span>posta <span class=\"_ _6\"> </span>2018<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>e <span class=\"_ _6\"> </span>2019  notificati dal Comune di Riccione<span class=\"_ _5\"></span>. Con <span class=\"_ _8\"> </span>riferimento <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>e<span class=\"_ _5\"></span>ntrambi <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>peri<span class=\"_ _5\"></span>odi <span class=\"_ _8\"> </span>d\u2019imposta <span class=\"_ _8\"> </span>le sentenze <span class=\"_ _c\"> </span>di <span class=\"_ _22\"> </span>I <span class=\"_ _c\"> </span>grado <span class=\"_ _c\"> </span>s<span class=\"_ _5\"></span>ono <span class=\"_ _c\"> </span>risultate <span class=\"_ _22\"> </span>parzialmente sfavorevoli <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>soci<span class=\"_ _5\"></span>et\u00e0. <span class=\"_ _10\"> </span>Avverso <span class=\"_ _10\"> </span>l<span class=\"_ _5\"></span>e <span class=\"_ _10\"> </span>stesse <span class=\"_ _10\"> </span>\u00e8 <span class=\"_ _10\"> </span>stato<span class=\"_ _5\"></span> proposto ricorso innanzi <span class=\"_ _5\"></span>alla Corte di Appello di Bologn<span class=\"_ _5\"></span>a<span class=\"fc1\">.<span class=\"_ _5\"></span> </span>    <span class=\"ls0\">0,5 </span>        0,5      1,0 Avvisi <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>accerta<span class=\"_ _3\"></span>mento <span class=\"_ _8\"> </span>Tosap <span class=\"_ _8\"> </span>relativo all\u2019occupazione <span class=\"_ _11\"> </span>p<span class=\"_ _5\"></span>ermanente <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>s<span class=\"_ _5\"></span>uolo pubblico <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>c<span class=\"_ _5\"></span>assonetti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>rifiu<span class=\"_ _5\"></span>ti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i periodi <span class=\"_ _4\"> </span>dal <span class=\"_ _4\"> </span>2014 <span class=\"_ _1e\"> </span>al <span class=\"_ _4\"> </span>2018 <span class=\"_ _4\"> </span>notificati<span class=\"_ _5\"></span> <span class=\"_ _1e\"> </span>dal<span class=\"_ _5\"></span> Comune di Coriano.<span class=\"_ _5\"></span> I <span class=\"_ _5\"></span>procedim<span class=\"_ _5\"></span>enti <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>l\u2019anno <span class=\"_ _7\"></span>2014 <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>015 <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>attualme<span class=\"_ _5\"></span>nte pendenti presso l<span class=\"_ _5\"></span>a Corte <span class=\"_ _5\"></span>di Giustizia Trib<span class=\"_ _5\"></span>utaria di <span class=\"_ _5\"></span>II grado dell'Emilia-Romag<span class=\"_ _5\"></span>na.  Entrambe  le <span class=\"_ _e\"> </span>sentenze  di  I  grado sono <span class=\"_ _5\"></span>risultate <span class=\"_ _5\"></span>sfavorev<span class=\"_ _5\"></span>oli <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>societ\u00e0. <span class=\"_ _5\"></span>Rel<span class=\"_ _5\"></span>ativamente <span class=\"_ _5\"></span>agli avvisi <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>2016, <span class=\"_ _6\"> </span>20<span class=\"_ _5\"></span>17 <span class=\"_ _6\"> </span>e <span class=\"_ _6\"> </span>2018 <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>se<span class=\"_ _5\"></span>ntenze <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>I <span class=\"_ _6\"> </span>grado sono <span class=\"_ _5\"></span>risultate <span class=\"_ _7\"></span>entrambe <span class=\"_ _5\"></span>sfavorev<span class=\"_ _5\"></span>oli <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>pertanto <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Societ\u00e0 ha <span class=\"_ _6\"> </span>presentato <span class=\"_ _6\"> </span>ric<span class=\"_ _5\"></span>orso. <span class=\"_ _6\"> </span>Il <span class=\"_ _6\"> </span>giudizi<span class=\"_ _5\"></span>o <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>pendente <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span>nnanzi <span class=\"_ _6\"> </span>la Corte di Giustizia tribut<span class=\"_ _5\"></span>aria dell\u2019Emili<span class=\"_ _5\"></span>a<span class=\"ff4\">-Romagna. </span> 0,9                 <span class=\"ls46\">0,</span>7 *  per  \u201cammontare  contestato\u201d  si  intende  l'i<span class=\"_ _3\"></span>mporto  originario  oggetto  di  contestazione <span class=\"_ _e\"> </span>privo  di  interessi,  a  meno  di  ridetermi<span class=\"_ _5\"></span><span class=\"ff1\">nazioni  intervenute  a  seguito  di<span class=\"_ _3\"></span> </span>conciliazione giudiziale, accertamento con adesione, annullamento parziale in sede giudiziale o in autotutela. ** gli importi pagati accolgono gli interessi, laddove dovuti. Con  riferim<span class=\"_ _3\"></span>ento  ai <span class=\"_ _f\"> </span>contenziosi  in <span class=\"_ _f\"> </span>oggetto  il <span class=\"_ _f\"> </span>Gruppo,  sentiti<span class=\"_ _3\"></span>  anche<span class=\"_ _3\"></span>  i  pro<span class=\"_ _3\"></span>pri  leg<span class=\"_ _3\"></span>ali,  ha <span class=\"_ _f\"> </span>ritenuto  di <span class=\"_ _f\"> </span>procedere  agli<span class=\"_ _3\"></span> accantonamenti indicati. Laddove n<span class=\"_ _5\"></span>on si <span class=\"_ _5\"></span>sia proceduto <span class=\"_ _5\"></span>ad alcun <span class=\"_ _5\"></span>accantonamento, le violazioni <span class=\"_ _5\"></span>contestate sono sta<span class=\"_ _5\"></span>te ritenute prive di fo<span class=\"_ _3\"></span>ndamento. 2.02.04 <span class=\"ls0\">- Struttura patr<span class=\"_ _3\"></span>imoniale e fin<span class=\"_ _3\"></span>anziaria </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Patrimonio netto 3.986,9 3.751,6 235,3 Indebitamento fi<span class=\"_ _3\"></span>nanziario netto 3.963,7 3.827,7 136,0 Indebitamento fin<span class=\"_ _3\"></span>anziario netto / p<span class=\"_ _3\"></span>atrimonio netto 0,99 1,02 Rispetto <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _6\"></span>evi<span class=\"_ _3\"></span>denzia <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>incremento <span class=\"_ _5\"></span>dovuto <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>combinazione dei seguenti effetti: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">utile netto <span class=\"ff5\">dell\u2019esercizi<span class=\"_ _3\"></span>o per <span class=\"ff1\">535,9 milioni di euro in incremento rispetto ai<span class=\"_ _3\"></span> 483,2 milioni del 31 dicembre<span class=\"_ _3\"></span> 2023; </span></span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">distribuzione dei divi<span class=\"_ _3\"></span>dendi per 239,3 milioni di euro; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">variazione <span class=\"_ _8\"> </span>negativa <span class=\"_ _2\"> </span>delle <span class=\"_ _8\"> </span>altre <span class=\"_ _2\"> </span>componenti <span class=\"_ _8\"> </span>di <span class=\"_ _2\"> </span>conto <span class=\"_ _8\"> </span>economico <span class=\"_ _8\"> </span>c<span class=\"_ _5\"></span>omplessivo <span class=\"_ _8\"> </span>per <span class=\"_ _1d\"> </span><span class=\"lse\">54</span>,6 <span class=\"_ _8\"> </span>milioni <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _8\"> </span>euro, </span></span>determinata <span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>incipalm<span class=\"_ _3\"></span>ente <span class=\"_ _7\"></span>dalla <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>riserve <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>cash <span class=\"_ _7\"></span>flow <span class=\"_ _7\"></span>hedge <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>coperture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>transazioni su commodity gas ed <span class=\"_ _3\"></span>energia elettrica; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">variazione negativa derivant<span class=\"_ _3\"></span>e dalle operazioni effettuate su a<span class=\"_ _3\"></span>zioni proprie per comple<span class=\"_ _3\"></span>ssivi <span class=\"_ _5\"></span><span class=\"ls10\">6,</span>5 milioni di <span class=\"_ _3\"></span>euro. </span></span>L\u2019indebitamento finanziario netto<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>\u00e8 un <span class=\"_ _5\"></span>indicatore <span class=\"_ _5\"></span>alternativo di <span class=\"_ _5\"></span>performance <span class=\"_ _5\"></span>monitorato <span class=\"_ _5\"></span>dal Gruppo<span class=\"ls16\">, <span class=\"_ _5\"></span></span>la <span class=\"_ _5\"></span>cui d<span class=\"_ _5\"></span>efinizione<span class=\"_ _3\"></span> </span>\u00e8 <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>iportata <span class=\"_ _e\"></span><span class=\"ff5\">al <span class=\"_ _e\"> </span>paragrafo <span class=\"_ _e\"> </span>1.04 <span class=\"_ _d\"> </span>\u201cSintesi <span class=\"_ _e\"> </span>andamento <span class=\"_ _e\"> </span>economico</span>-finanziario <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>definizione <span class=\"_ _e\"></span>degli <span class=\"_ _e\"></span>indicatori <span class=\"_ _e\"> </span>alternativi <span class=\"_ _e\"> </span>di performance\u201d. <span class=\"_ _f\"> </span><span class=\"ff1\">Il <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>riferimen<span class=\"_ _3\"></span>to <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>202<span class=\"_ _5\"></span>4 <span class=\"_ _f\"> </span>risulta <span class=\"_ _d\"> </span>l<span class=\"_ _5\"></span>eggermente <span class=\"_ _d\"> </span>incrementato  ri<span class=\"_ _3\"></span>spetto <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>periodo </span>precedente. <span class=\"_ _6\"></span>N<span class=\"_ _3\"></span><span class=\"ff5\">el <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>dell\u2019<span class=\"ff1\">esercizio <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>ha <span class=\"_ _6\"></span>mantenuto <span class=\"_ _7\"></span>buone <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>erformance <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>termini <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>gen<span class=\"_ _3\"></span>erazione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i </span></span>cassa <span class=\"_ _e\"></span>derivante <span class=\"_ _e\"></span>dalla <span class=\"_ _6\"></span>gestione <span class=\"_ _e\"></span>operativa <span class=\"_ _e\"> </span>prima <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"></span>variazioni <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>capitale <span class=\"_ _e\"></span>circolante <span class=\"_ _e\"></span>netto. <span class=\"_ _6\"></span>Come <span class=\"_ _e\"> </span>riportato <span class=\"_ _e\"></span>nello schema <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rendiconto <span class=\"_ _6\"></span>fin<span class=\"_ _3\"></span>anziario <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>paragrafo <span class=\"_ _6\"></span>2.01.04,<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>il <span class=\"_ _6\"></span>capitale <span class=\"_ _6\"></span>circolante <span class=\"_ _6\"></span>netto<span class=\"ff5\">, <span class=\"_ _6\"></span>invece, <span class=\"_ _6\"></span>evidenzia <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019es<span class=\"_ _3\"></span>ercizio </span>corrente <span class=\"_ _6\"></span>un <span class=\"_ _e\"></span>significativo <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>ssorbimento<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>assa <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>effetto <span class=\"_ _e\"></span>principalme<span class=\"_ _3\"></span>nte <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>dinamiche <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>crediti <span class=\"_ _e\"></span>commerciali<span class=\"_ _5\"></span> che, <span class=\"_ _5\"></span><span class=\"ff5\">nell\u2019esercizio di <span class=\"_ _5\"></span>confronto</span>, <span class=\"_ _5\"></span>avevano <span class=\"_ _5\"></span>beneficiato <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>discesa dei <span class=\"_ _5\"></span>prezzi <span class=\"_ _5\"></span>delle c<span class=\"_ _5\"></span>ommodity <span class=\"_ _5\"></span>(anche <span class=\"_ _5\"></span>con riferimento all\u2019attivit\u00e0  di  stoccaggio <span class=\"_ _4\"> </span><span class=\"ff1\">d<span class=\"_ _5\"></span>i  gas  metano)</span>, <span class=\"_ _4\"> </span>producendo  un <span class=\"_ _4\"> </span>riassorbimento  fisiologico  dell\u2019esposizione  che  si <span class=\"_ _4\"> </span>era manifestata <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31  dic<span class=\"_ _3\"></span>embre <span class=\"_ _f\"> </span>2022<span class=\"ff5\">.  Sulle <span class=\"_ _d\"> </span>disponibilit\u00e0 <span class=\"_ _f\"> </span>liquide <span class=\"_ _f\"> </span>generate <span class=\"_ _f\"> </span>dall\u2019attivit\u00e0 <span class=\"_ _f\"> </span>operativa, <span class=\"_ _f\"> </span>rispetto <span class=\"_ _f\"> </span>all\u2019esercizio </span>precedente <span class=\"_ _e\"> </span>influisce, <span class=\"_ _d\"> </span>inoltre, <span class=\"_ _d\"> </span>negativamente <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>pagamento <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>complessivi <span class=\"_ _d\"> </span>193,3 <span class=\"_ _d\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>uro <span class=\"_ _e\"> </span>(96,6 milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>2023) <span class=\"_ _e\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>meccanismi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>versame<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>presenza <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>risultati <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _6\"></span>Gruppo crescenti. La <span class=\"_ _5\"></span>significativa <span class=\"_ _5\"></span>generazione d<span class=\"_ _5\"></span>i cassa <span class=\"_ _5\"></span>operativa<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>se <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>contrazione rispetto <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023,<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>permesso di <span class=\"_ _5\"></span>autofinanziare <span class=\"_ _5\"></span>l<span class=\"ff5\">\u2019attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>investimento</span>, <span class=\"_ _5\"></span>compre<span class=\"ls12\">se<span class=\"_ _5\"></span></span> <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>operazioni d<span class=\"_ _5\"></span>i a<span class=\"_ _5\"></span>ggregazione aziendale<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _5\"></span></span>Si <span class=\"_ _5\"></span>segnala, <span class=\"_ _5\"></span>infine, <span class=\"_ _5\"></span>che nell\u2019esercizio <span class=\"_ _5\"></span><span class=\"ff1\">il <span class=\"_ _5\"></span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>sottoscritto finanziamenti a <span class=\"_ _5\"></span>lungo <span class=\"_ _5\"></span>termine per <span class=\"_ _5\"></span>471,1 <span class=\"_ _5\"></span>milioni di e<span class=\"_ _5\"></span>uro e <span class=\"_ _7\"></span>sostenuto <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>rimborso<span class=\"_ _3\"></span> </span>di <span class=\"_ _5\"></span>due prestiti obbligazionari <span class=\"_ _5\"></span>in scadenza <span class=\"_ _5\"></span>per un <span class=\"_ _5\"></span>nozionale complessivo di 438,1 <span class=\"_ _5\"></span>milioni di euro<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>oltre che <span class=\"_ _5\"></span>effettuato i<span class=\"_ _5\"></span>l<span class=\"_ _3\"></span> pagamento <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>dividendi <span class=\"_ _7\"></span>per<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>complessivi <span class=\"_ _7\"></span>248,8 <span class=\"_ _5\"></span>mil<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro. <span class=\"_ _7\"></span>Per <span class=\"_ _7\"></span>maggiori <span class=\"_ _7\"></span>dettagli <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>rimanda <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>paragrafo <span class=\"_ _7\"></span>1.04.02 \u201cStruttura p<span class=\"_ _5\"></span>atrimoniale e <span class=\"_ _7\"></span>indebitament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>finanziario <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>riclassificato\u201d<span class=\"_ _5\"></span><span class=\"ff1 ls16\">, <span class=\"_ _5\"></span></span>alla <span class=\"_ _5\"></span>nota <span class=\"_ _5\"></span>19 <span class=\"_ _5\"></span>\u201cPassivit\u00e0 <span class=\"_ _5\"></span>finanziarie\u201d<span class=\"ff1\"> <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>le note </span>di commento dei flussi<span class=\"_ _3\"></span> monetari esposti nel r<span class=\"_ _3\"></span>endiconto finanziari<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> <div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">324</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">Patrimonio nett<span class=\"_ _3\"></span>o </div><div class=\"t m0 x1b h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y146d ff8 fsa fc2 sc0 ls0 ws0\">15  Patrimonio <span class=\"_ _3\"></span>netto del Grupp<span class=\"_ _3\"></span>o </div><div class=\"t m0 x1b h3 y620 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h90 gs319\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h90 gs31a\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h90 gs31b\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs31c\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Capitale sociale (v<span class=\"_ _3\"></span>alore nominale) </div></div><div class=\"c w111 h3c gs31d\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.489,5 </div></div><div class=\"c w112 h3c gs31e\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.489,5 </div></div><div class=\"c w111 h3c gs31f\"><div class=\"t m0 x72 h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w113 h3c gs320\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Riserva azioni proprie<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gs321\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(48,0) </div></div><div class=\"c w112 h3c gs322\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(45,8) </div></div><div class=\"c w111 h3c gs323\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(2,2) </div></div><div class=\"c w113 h3c gs324\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri aumento capital<span class=\"_ _3\"></span>e sociale </div></div><div class=\"c w111 h3c gs325\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,7) </div></div><div class=\"c w112 h3c gs326\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,7) </div></div><div class=\"c w111 h3c gs327\"><div class=\"t m0 x72 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w113 h3c gs328\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Capitale sociale  </div></div><div class=\"c w111 h3c gs329\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.440,8 </div></div><div class=\"c w112 h3c gs32a\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.443,0 </div></div><div class=\"c w111 h3c gs32b\"><div class=\"t m0 x2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(2,2) </div></div><div class=\"c w113 h3c gs32c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Riserva legale<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gs32d\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">146,1 </div></div><div class=\"c w112 h3c gs32e\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">133,9 </div></div><div class=\"c w111 h3c gs32f\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,2 </div></div><div class=\"c w113 h3c gs330\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre riserve </div></div><div class=\"c w111 h3c gs331\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.699,2 </div></div><div class=\"c w112 h3c gs332\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.471,4 </div></div><div class=\"c w111 h3c gs333\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">227,8 </div></div><div class=\"c w113 h3c gs334\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Componenti di c<span class=\"_ _3\"></span>onto economico comples<span class=\"_ _3\"></span>sivo (Oci) </div></div><div class=\"c w111 h3c gs335\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(40,2) </div></div><div class=\"c w112 h3c gs336\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">4,5 </div></div><div class=\"c w111 h3c gs337\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(44,7) </div></div><div class=\"c w113 h3c gs338\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Riserva per operazi<span class=\"_ _3\"></span>oni su azioni propri<span class=\"_ _3\"></span>e </div></div><div class=\"c w111 h3c gs339\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(60,3) </div></div><div class=\"c w112 h3c gs33a\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(56,0) </div></div><div class=\"c w111 h3c gs33b\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(4,3) </div></div><div class=\"c w113 h98 gs33c\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Riserve  </div></div><div class=\"c w111 h98 gs33d\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">1.744,8 </div></div><div class=\"c w112 h98 gs33e\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">1.553,8 </div></div><div class=\"c w111 h98 gs33f\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">191,0 </div></div><div class=\"c w113 h3c gs340\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Utile (perdita) d<span class=\"_ _3\"></span>ell'esercizio </div></div><div class=\"c w111 h3c gs341\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">494,5 </div></div><div class=\"c w112 h3c gs342\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">441,4 </div></div><div class=\"c w111 h3c gs343\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">53,1 </div></div><div class=\"c w113 h3c gs344\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs345\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">3.680,1 </div></div><div class=\"c w112 h3c gs346\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">3.438,2 </div></div><div class=\"c w111 h3c gs347\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">241,9 </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 ya1c ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _7\"></span>capitale <span class=\"_ _7\"></span>sociale <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>costituito <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>1<span class=\"_ _5\"></span>.489.53<span class=\"_ _3\"></span>8.745 <span class=\"_ _7\"></span>azioni <span class=\"_ _7\"></span>ordinarie <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>nominale <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>1 <span class=\"_ _7\"></span>euro </div><div class=\"t m0 x1b h3 y1d2e ff1 fs1 fc1 sc0 ls0 ws0\">cadauna e risulta interam<span class=\"_ _3\"></span>ente versato. Il numero delle a<span class=\"_ _3\"></span>zioni proprie detenute <span class=\"_ _3\"></span>dal Gruppo al 31 dicembre 20<span class=\"_ _3\"></span>2<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span> \u00e8 pari </div><div class=\"t m0 x1b h3 y73c ff1 fs1 fc1 sc0 ls10 ws0\">a 48<span class=\"ls0\">.0<span class=\"_ _3\"></span>42.438 (45.830.208 al 31 <span class=\"_ _3\"></span>dicembre 2023<span class=\"lsd\">).<span class=\"_ _75\"> </span></span></span><span class=\"ls0\"> </span></div><div class=\"t m0 x1b h3 y13d6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1d2f ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>Riserva <span class=\"_ _6\"></span>legale <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>capogruppo <span class=\"_ _6\"></span>Hera <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>incrementa <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>destinazione <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>quota <span class=\"_ _6\"></span>parte </div><div class=\"t m0 x1b h43 y1d30 ff5 fs1 fc1 sc0 ls0 ws0\">prevista per <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>risultato dell\u2019esercizio precedente, deliberata <span class=\"_ _5\"></span>dall\u2019Assemblea dei <span class=\"_ _5\"></span>Soci in <span class=\"_ _5\"></span>sede <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>approvazione<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y6f7 ff1 fs1 fc1 sc0 ls0 ws0\">del bilancio al 31 dic<span class=\"_ _3\"></span>embre 2023. </div><div class=\"t m0 x1b h3 y1d31 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1d32 ff1 fs1 fc1 sc0 ls10 ws0\">Le <span class=\"_ _7\"></span><span class=\"ls0\">Altre <span class=\"_ _6\"></span>riserve <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>rappresen<span class=\"_ _3\"></span>tate <span class=\"_ _6\"></span>dagli <span class=\"_ _7\"></span>utili <span class=\"_ _6\"></span>generati <span class=\"_ _7\"></span>negli <span class=\"_ _6\"></span>eser<span class=\"_ _3\"></span>cizi <span class=\"_ _6\"></span>precedenti <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>riserve<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>costituite <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>sede <span class=\"_ _7\"></span>di </span></div><div class=\"t m0 x1b h3 y14f0 ff1 fs1 fc1 sc0 ls0 ws0\">apporti di capitale. </div><div class=\"t m0 x1b h3 y17de ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1c17 ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _6\"></span>Riserve <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>proprie<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>iflettono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>effettuate<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4, <span class=\"_ _e\"></span>ma </div><div class=\"t m0 x1b h3 y1b97 ff1 fs1 fc1 sc0 ls0 ws0\">anche <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span><span class=\"ff5\">\u2019utilizzo</span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>414.145 <span class=\"_ _7\"></span>azioni <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>l'acquisizione <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>minoranza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Uniflotte <span class=\"_ _6\"></span>Srl, <span class=\"_ _7\"></span>per<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>controva<span class=\"_ _3\"></span>lore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i </div><div class=\"t m0 x1b h3 y13e8 ff1 fs1 fc1 sc0 ls0 ws0\">1,3 milioni di euro, e l<span class=\"ff5\">\u2019utilizzo</span> di 1.146.625 <span class=\"ff5\">azioni per l\u2019acquisizione del ramo Soelia, per un co<span class=\"_ _3\"></span>ntrovalore di <span class=\"_ _5\"></span><span class=\"ff1\">3,9 mil<span class=\"_ _5\"></span>ioni </span></span></div><div class=\"t m0 x1b h3 y13e9 ff1 fs1 fc1 sc0 ls0 ws0\">di euro. </div><div class=\"t m0 x1b h3 y4c6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y4c7 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y1c53 ff8 fsa fc2 sc0 lsb ws0\">16<span class=\"ls0\">  Interessenz<span class=\"_ _3\"></span>e di minoranza </span></div><div class=\"t m0 x1b h3 y6fc ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs348\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gs349\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gs34a\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs34b\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Capitale e riserv<span class=\"_ _3\"></span>e </div></div><div class=\"c w111 h3c gs34c\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">270,5 </div></div><div class=\"c w112 h3c gs34d\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">266,8 </div></div><div class=\"c w111 h3c gs34e\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3,7 </div></div><div class=\"c w113 h3c gs34f\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altre componenti di c<span class=\"_ _3\"></span>onto economico co<span class=\"_ _3\"></span>mplessivo (OCI) </div></div><div class=\"c w111 h3c gs350\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(5,1) </div></div><div class=\"c w112 h3c gs351\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">4,8 </div></div><div class=\"c w111 h3c gs352\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(9,9) </div></div><div class=\"c w113 h3c gs353\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Utile (perdita) dell'<span class=\"_ _3\"></span>esercizio </div></div><div class=\"c w111 h3c gs354\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">41,4 </div></div><div class=\"c w112 h3c gs355\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">41,8 </div></div><div class=\"c w111 h3c gs356\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w113 h3c gs357\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs358\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">306,8 </div></div><div class=\"c w112 h3c gs359\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">313,4 </div></div><div class=\"c w111 h3c gs35a\"><div class=\"t m0 x2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(6,6) </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y3aa ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _7\"></span>voce <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>costituita <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>soci <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>Herambiente, <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>Marche </div><div class=\"t m0 x1b h3 y1d35 ff1 fs1 fc1 sc0 ls0 ws0\">Multiservizi <span class=\"_ _d\"> </span>Spa <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>Acantho <span class=\"_ _e\"> </span>Spa<span class=\"_ _5\"></span>. <span class=\"_ _d\"> </span>La <span class=\"_ _d\"> </span>variazione, <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fronte <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>un <span class=\"_ _d\"> </span>risultato <span class=\"_ _d\"> </span>d <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>4<span class=\"_ _5\"></span>1,4 <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>euro <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>di </div><div class=\"t m0 x1b h3 y4a0 ff1 fs1 fc1 sc0 ls0 ws0\">dividendi <span class=\"_ _d\"> </span>corrisposti <span class=\"_ _d\"> </span>ai <span class=\"_ _d\"> </span>soci <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>minoranza <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>37,4 <span class=\"_ _f\"> </span>milioni <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>euro,  \u00e8 <span class=\"_ _d\"> </span>riconducibile <span class=\"_ _d\"> </span>principalmente <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>variazione </div><div class=\"t m0 x1b h3 y4a1 ff1 fs1 fc1 sc0 ls0 ws0\">negativa della riserv<span class=\"ls10\">a <span class=\"_ _3\"></span><span class=\"ls0\">di cash flow hedge relativa a c<span class=\"_ _3\"></span>operture di transizio<span class=\"_ _3\"></span>ni su commodity gas ed energi<span class=\"_ _3\"></span>a elettrica<span class=\"_ _5\"></span>. </span></span></div><div class=\"t m0 x1b h3 y260 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y3d1 ff5 fs1 fc1 sc0 ls0 ws0\">Con  riferiment<span class=\"_ _3\"></span>o  all\u2019acquisizione<span class=\"_ _3\"></span>  di  quote <span class=\"_ _f\"> </span>di  controllo  no<span class=\"_ _3\"></span>n  totalitarie  r<span class=\"_ _3\"></span>ealizzate  median<span class=\"_ _3\"></span>te  operazioni <span class=\"_ _f\"> </span>di  business </div><div class=\"t m0 x1b h3 y4a3 ff1 fs1 fc1 sc0 ls0 ws0\">combination, <span class=\"_ _7\"></span>diversi <span class=\"_ _7\"></span>accordi <span class=\"_ _7\"></span>contrattuali <span class=\"_ _6\"></span>stipulati <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>previsto <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>concessione <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>soci <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>mi<span class=\"_ _3\"></span>noranza <span class=\"_ _6\"></span>di </div><div class=\"t m0 x1b h3 y47 ff1 fs1 fc1 sc0 ls0 ws0\">opzioni irrevocabili di vendit<span class=\"_ _3\"></span>a<span class=\"_ _5\"></span><span class=\"ff5\">, da esercitarsi all\u2019intern<span class=\"_ _3\"></span>o di specifiche finestre tempor<span class=\"_ _3\"></span>ali. L\u2019esistenza di<span class=\"_ _5\"></span><span class=\"ff1\"> tali diritti in capo </span></span></div><div class=\"t m0 x1b h3 y49 ff1 fs1 fc1 sc0 ls0 ws0\">ai <span class=\"_ _5\"></span>soci <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>comportato <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>necessit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>classificare <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>bilancio <span class=\"_ _7\"></span>consolidato <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziari<span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>l<span class=\"lse\">e </span></div><div class=\"t m0 x1b h3 y4a5 ff1 fs1 fc1 sc0 ls0 ws0\">opzioni  sull<span class=\"_ _3\"></span>e  azioni/qu<span class=\"_ _3\"></span>ote  delle <span class=\"_ _f\"> </span>societ\u00e0  acquisite <span class=\"_ _f\"> </span>detenute  da<span class=\"_ _3\"></span>i  soci <span class=\"_ _f\"> </span>di  minoranza,<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>considerando  p<span class=\"_ _3\"></span>ertanto  come<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y5b5 ff1 fs1 fc1 sc0 ls0 ws0\">interamente <span class=\"_ _7\"></span>possedute <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>partecipazioni. <span class=\"_ _7\"></span>Per <span class=\"_ _7\"></span>maggiori <span class=\"_ _5\"></span>dettagli <span class=\"_ _7\"></span>circa <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>calcolo <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>de<span class=\"_ _3\"></span>bit<span class=\"lsf\">i <span class=\"_ _7\"></span></span>per <span class=\"_ _7\"></span>l<span class=\"lse\">e </span></div><div class=\"t m0 x1b h3 y4a7 ff1 fs1 fc1 sc0 ls0 ws0\">opzioni <span class=\"ff5\">di vendita, si rim<span class=\"_ _3\"></span>anda a quanto illu<span class=\"_ _3\"></span>strato alla nota 19 \u201cPassivi<span class=\"_ _3\"></span>t\u00e0 finanziarie\u201d.<span class=\"_ _75\"> </span></span><span class=\"ff5\"><span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x1b h3 y4a8 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y1d36 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff3 fs12 fc2\"> </span></div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">325<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h122 y12f1 ff3 fs12 fc2 sc0 ls0 ws0\">Prospetto di raccordo<span class=\"_ _3\"></span> </div><div class=\"t m0 x10a h4e y1d38 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _5\"></span>riporta <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>prospetto <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>raccordo <span class=\"_ _5\"></span>fra <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _5\"></span>separato <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>Capogruppo <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>bilancio c<span class=\"_ _5\"></span>onsolidato per <span class=\"_ _7\"></span>gli </div><div class=\"t m0 x23 h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">esercizi 2024 e 2023. </div><div class=\"t m0 x10a h4e ya85 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c wd3 h8e gs35b\"><div class=\"t m0 xa2 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">RISULTATO NE<span class=\"_ _3\"></span>TTO </div><div class=\"t m0 x73 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c wd3 h8e gs35c\"><div class=\"t m0 xb h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">PATRIMONIO N<span class=\"_ _3\"></span>ETTO </div><div class=\"t m0 x64 h13 y2e8 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c wd2 h3c gs35d\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Saldi come da bila<span class=\"_ _3\"></span>ncio d'esercizio della <span class=\"_ _3\"></span>Capogruppo </div></div><div class=\"c wd3 h3c gs35e\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">267,3 </div></div><div class=\"c wd3 h3c gs35f\"><div class=\"t m0 x23 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2.641,1 </div></div><div class=\"c wd2 h1a3 gs360\"><div class=\"t m0 x0 hf y12f5 ff4 fs3 fc1 sc0 ls0 ws0\">Eccedenza dei patrim<span class=\"_ _3\"></span>oni netti (compre<span class=\"_ _3\"></span>so il risultato di peri<span class=\"_ _3\"></span>odo) rispetto ai valori <span class=\"_ _3\"></span>di carico </div><div class=\"t m0 x0 hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">delle partecipazioni in im<span class=\"_ _3\"></span>prese consoli<span class=\"_ _3\"></span>date </div></div><div class=\"c wd3 h1a3 gs361\"><div class=\"t m0 x54 hf y170 ff4 fs3 fc10 sc0 ls0 ws0\">188,8 </div></div><div class=\"c wd3 h1a3 gs362\"><div class=\"t m0 x54 hf y170 ff4 fs3 fc10 sc0 ls0 ws0\">849,9 </div></div><div class=\"c wd2 h3c gs363\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Rettifiche di cons<span class=\"_ _3\"></span>olidamento: </div></div><div class=\"c wd2 h3c gs364\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls8 ws0\">     <span class=\"ls0\">valutazione a patrimonio netto <span class=\"_ _3\"></span>di imprese iscritt<span class=\"_ _3\"></span>e nel bilancio sep<span class=\"_ _3\"></span>arato al costo </span></div></div><div class=\"c wd3 h3c gs365\"><div class=\"t m0 xf0 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,9 </div></div><div class=\"c wd3 h3c gs366\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">45,7 </div></div><div class=\"c wd2 h3c gs367\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls8 ws0\">     <span class=\"ls0\">differenza tra prezzo di acqui<span class=\"_ _3\"></span>sto e corrispond<span class=\"_ _3\"></span>ente patrimonio netto <span class=\"_ _3\"></span>contabile </span></div></div><div class=\"c wd3 h3c gs368\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">37,2 </div></div><div class=\"c wd3 h3c gs369\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">157,1 </div></div><div class=\"c wd2 h3c gs36a\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls8 ws0\">     <span class=\"ls0\">eliminazione effetti operazio<span class=\"_ _3\"></span>ni infragruppo </span></div></div><div class=\"c wd3 h3c gs36b\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,7) </div></div><div class=\"c wd3 h3c gs36c\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(13,7) </div></div><div class=\"c wd2 h3c gs36d\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c wd3 h3c gs36e\"><div class=\"t m0 x54 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">494,5 </div></div><div class=\"c wd3 h3c gs36f\"><div class=\"t m0 x23 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">3.680,1 </div></div><div class=\"c wd2 h3c gs370\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attribuzione interes<span class=\"_ _3\"></span>senza di terzi </div></div><div class=\"c wd3 h3c gs371\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">41,4 </div></div><div class=\"c wd3 h3c gs372\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">306,8 </div></div><div class=\"c wd2 h98 gs373\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Saldi come da bilancio <span class=\"_ _3\"></span>consolidato </div></div><div class=\"c wd3 h98 gs374\"><div class=\"t m0 x54 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">535,9 </div></div><div class=\"c wd3 h98 gs375\"><div class=\"t m0 x23 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">3.986,9 </div></div><div class=\"c wd3 h8e gs376\"><div class=\"t m0 xa2 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">RISULTATO NE<span class=\"_ _3\"></span>TTO </div><div class=\"t m0 x73 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c wd3 h8e gs377\"><div class=\"t m0 xb h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">PATRIMONIO N<span class=\"_ _3\"></span>ETTO </div><div class=\"t m0 x64 h13 y74 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c wd2 h3c gs378\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Saldi come da bila<span class=\"_ _3\"></span>ncio d'esercizio della <span class=\"_ _3\"></span>Capogruppo </div></div><div class=\"c wd3 h3c gs379\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">244,8 </div></div><div class=\"c wd3 h3c gs37a\"><div class=\"t m0 x23 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2.584,8 </div></div><div class=\"c wd2 h34f gs37b\"><div class=\"t m0 x0 hf y1130 ff4 fs3 fc1 sc0 ls0 ws0\">Eccedenza dei patrim<span class=\"_ _3\"></span>oni netti (compre<span class=\"_ _3\"></span>so il risultato di peri<span class=\"_ _3\"></span>odo) rispetto ai valori <span class=\"_ _3\"></span>di carico </div><div class=\"t m0 x0 hf y5cf ff4 fs3 fc1 sc0 ls0 ws0\">delle partecipazioni in im<span class=\"_ _3\"></span>prese consoli<span class=\"_ _3\"></span>date </div></div><div class=\"c wd3 h34f gs37c\"><div class=\"t m0 x54 hf y170 ff4 fs3 fc1 sc0 ls0 ws0\">197,2<span class=\"fc10\"> </span></div></div><div class=\"c wd3 h34f gs37d\"><div class=\"t m0 x54 hf y170 ff4 fs3 fc1 sc0 ls0 ws0\">728,0<span class=\"fc10\"> </span></div></div><div class=\"c wd2 h3c gs37e\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Rettifiche di cons<span class=\"_ _3\"></span>olidamento: </div></div><div class=\"c wd2 h3c gs37f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls8 ws0\">     <span class=\"ls0\">valutazione a patrimonio netto <span class=\"_ _3\"></span>di imprese iscritt<span class=\"_ _3\"></span>e nel bilancio sep<span class=\"_ _3\"></span>arato al costo </span></div></div><div class=\"c wd3 h3c gs380\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(0,6)<span class=\"fc10\"> </span></div></div><div class=\"c wd3 h3c gs381\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">43,9<span class=\"fc10\"> </span></div></div><div class=\"c wd2 h3c gs382\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls8 ws0\">     <span class=\"ls0\">differenza tra prezzo di acqui<span class=\"_ _3\"></span>sto e corrispond<span class=\"_ _3\"></span>ente patrimonio netto <span class=\"_ _3\"></span>contabile </span></div></div><div class=\"c wd3 h3c gs383\"><div class=\"t m0 xf0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2,1<span class=\"fc10\"> </span></div></div><div class=\"c wd3 h3c gs384\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">94,5<span class=\"fc10\"> </span></div></div><div class=\"c wd2 h3c gs385\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls8 ws0\">     <span class=\"ls0\">eliminazione effetti operazio<span class=\"_ _3\"></span>ni infragruppo </span></div></div><div class=\"c wd3 h3c gs386\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(2,1)<span class=\"fc10\"> </span></div></div><div class=\"c wd3 h3c gs387\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(13,0)<span class=\"fc10\"> </span></div></div><div class=\"c wd2 h3c gs388\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c wd3 h3c gs389\"><div class=\"t m0 x54 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">441,4 </div></div><div class=\"c wd3 h3c gs38a\"><div class=\"t m0 x23 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">3.438,2 </div></div><div class=\"c wd2 h3c gs38b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attribuzione interes<span class=\"_ _3\"></span>senza di terzi </div></div><div class=\"c wd3 h3c gs38c\"><div class=\"t m0 xe6 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">41,8<span class=\"fc10\"> </span></div></div><div class=\"c wd3 h3c gs38d\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">313,4<span class=\"fc10\"> </span></div></div><div class=\"c wd2 h3c gs38e\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Saldi come da <span class=\"_ _3\"></span>bilancio consolidato </div></div><div class=\"c wd3 h3c gs38f\"><div class=\"t m0 x54 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">483,2 </div></div><div class=\"c wd3 h3c gs390\"><div class=\"t m0 x23 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">3.751,6 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 y28b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yd56 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1d3e ff8 fsa fc2 sc0 lsb ws0\">17<span class=\"ls55\">  <span class=\"ls0\">Utile per azi<span class=\"_ _3\"></span>one </span></span></div><div class=\"t m0 x10a h4e yb96 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c wd3 h3c gs391\"><div class=\"t m0 x73 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c wd3 h3c gs392\"><div class=\"t m0 x73 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c wd2 h8e gs393\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Utile (perdita) dell'<span class=\"_ _3\"></span>esercizio attribuibile ai <span class=\"_ _3\"></span>possessori di <span class=\"_ _3\"></span>azioni ordinarie dell<span class=\"_ _3\"></span>'entit\u00e0 </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Capogruppo (A) </div></div><div class=\"c wd3 h8e gs394\"><div class=\"t m0 x54 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">494,5 </div></div><div class=\"c wd3 h8e gs395\"><div class=\"t m0 x54 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">441,4 </div></div><div class=\"c wd2 h8e gs396\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Numero medio pon<span class=\"_ _3\"></span>derato delle azioni i<span class=\"_ _3\"></span>n circolazione ai fini <span class=\"_ _3\"></span>del calcolo dell<span class=\"_ _3\"></span>'utile (perdita) </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">per azioni </div></div><div class=\"c wd2 h3c gs397\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls8 ws0\">     <span class=\"ls0\">base (B) </span></div></div><div class=\"c wd3 h3c gs398\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.441.374.819 </div></div><div class=\"c wd3 h3c gs399\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.446.069.736 </div></div><div class=\"c wd2 h3c gs39a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls8 ws0\">     <span class=\"ls0\">diluito (C) </span></div></div><div class=\"c wd3 h3c gs39b\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.441.374.819 </div></div><div class=\"c wd3 h3c gs39c\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.446.069.736 </div></div><div class=\"c wd2 h3c gs39d\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Utile (perdita) p<span class=\"_ _3\"></span>er azione (in euro) </div></div><div class=\"c wd2 h3c gs39e\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls8 ws0\">    <span class=\"ls0\">base (A/B) </span></div></div><div class=\"c wd3 h3c gs39f\"><div class=\"t m0 x54 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">0,343 </div></div><div class=\"c wd3 h3c gs3a0\"><div class=\"t m0 x54 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">0,305 </div></div><div class=\"c wd2 h3c gs3a1\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls8 ws0\">   <span class=\"ls0\">diluito (A/C) </span></div></div><div class=\"c wd3 h3c gs3a2\"><div class=\"t m0 x54 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">0,343 </div></div><div class=\"c wd3 h3c gs3a3\"><div class=\"t m0 x54 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">0,305 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h43 y29b ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019utile base <span class=\"_ _5\"></span>per azione \u00e8<span class=\"_ _5\"></span> calcolato relativamente <span class=\"_ _5\"></span>al risultato economico <span class=\"_ _5\"></span>attribuibile ai possessori <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>strumenti ordinari </div><div class=\"t m0 x23 h3 y963 ff5 fs1 fc1 sc0 ls0 ws0\">di  capit<span class=\"_ _3\"></span>ale  de<span class=\"_ _3\"></span>ll\u2019entit\u00e0  C<span class=\"_ _3\"></span>apogruppo. <span class=\"_ _f\"> </span>L\u2019utile <span class=\"_ _f\"> </span>diluito  per <span class=\"_ _f\"> </span>azione  \u00e8<span class=\"_ _3\"></span> <span class=\"_ _4\"> </span><span class=\"ff1\">p<span class=\"_ _5\"></span>ari <span class=\"_ _f\"> </span>a  quello <span class=\"_ _f\"> </span>base  i<span class=\"_ _3\"></span>n  qua<span class=\"_ _3\"></span>nto  no<span class=\"_ _3\"></span>n  e<span class=\"_ _3\"></span>sistono  altr<span class=\"_ _3\"></span>e </span></div><div class=\"t m0 x23 h3 y964 ff1 fs1 fc1 sc0 ls0 ws0\">categorie di azioni di<span class=\"_ _3\"></span>verse da quelle ordi<span class=\"_ _3\"></span>narie e non esistono str<span class=\"_ _3\"></span>umenti convertibili in<span class=\"_ _3\"></span> azioni.<span class=\"_ _5\"></span> </div><div class=\"t m0 x10a h4e yf39 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y665 ff1 fs1 fc1 sc0 ls0 ws0\">Alla <span class=\"_ _f\"> </span>data  di <span class=\"_ _f\"> </span>redazione <span class=\"_ _f\"> </span>del  present<span class=\"_ _3\"></span>e  bila<span class=\"_ _3\"></span>ncio  c<span class=\"_ _3\"></span>onsolidato, <span class=\"_ _f\"> </span>il  capitale <span class=\"_ _f\"> </span>sociale <span class=\"_ _f\"> </span>della <span class=\"_ _10\"> </span>capogrup<span class=\"_ _3\"></span>po  He<span class=\"_ _3\"></span>ra  Sp<span class=\"_ _3\"></span>a  risult<span class=\"_ _3\"></span>a </div><div class=\"t m0 x23 h3 yb75 ff1 fs1 fc1 sc0 ls0 ws0\">composto <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>1.489.538.745 <span class=\"_ _7\"></span>azioni <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdinarie, <span class=\"_ _5\"></span>invariate <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>ispetto <span class=\"_ _7\"></span>al<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023, <span class=\"_ _6\"></span>utili<span class=\"_ _3\"></span>zzate <span class=\"_ _7\"></span>nella <span class=\"_ _7\"></span>determinazione<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 yb76 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019utile per azion<span class=\"_ _3\"></span>e di base e diluito.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 ydcc ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 yd4 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">326</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">Indebitamento <span class=\"_ _3\"></span>finanziario net<span class=\"_ _3\"></span>to </div><div class=\"t m0 x1b h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y479 ff5 fs1 fc1 sc0 ls0 ws0\">Di <span class=\"_ _e\"> </span>seguito <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>presentato <span class=\"_ _e\"> </span>l\u2019indebitamento<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>finanziario <span class=\"_ _e\"> </span>predisposto <span class=\"_ _6\"> </span>conformemente <span class=\"_ _e\"> </span>all\u2019Orientamen<span class=\"_ _3\"></span>to <span class=\"_ _e\"> </span>39, <span class=\"_ _e\"> </span>emanato <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>4 </div><div class=\"t m0 x1b h3 y47a ff5 fs1 fc1 sc0 ls0 ws0\">marzo <span class=\"_ _7\"></span>2021 <span class=\"_ _6\"></span>dall\u2019E<span class=\"ff1\">sma, <span class=\"_ _7\"></span>cos\u00ec <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _7\"></span>recepito <span class=\"_ _6\"></span><span class=\"lse\">da <span class=\"_ _6\"></span></span>Consob <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>comunicazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>5/2021 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>29 <span class=\"_ _6\"></span>aprile <span class=\"_ _7\"></span>2021<span class=\"_ _5\"></span>. <span class=\"_ _6\"></span>I<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo </span></div><div class=\"t m0 x1b h43 y47b ff5 fs1 fc1 sc0 ls0 ws0\">monitora <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>proprie <span class=\"_ _7\"></span>performance <span class=\"_ _7\"></span>finanziarie <span class=\"_ _7\"></span>anche <span class=\"_ _7\"></span>tramite <span class=\"_ _7\"></span>l\u2019indicatore <span class=\"_ _7\"></span>Indebitamento <span class=\"_ _7\"></span>finanziario <span class=\"_ _5\"></span>netto <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>aggiunge </div><div class=\"t m0 x1b h3 y47c ff1 fs1 fc1 sc0 ls0 ws0\">allo schema normati<span class=\"_ _3\"></span>vo i crediti finanziari non correnti. </div><div class=\"t m0 x1b h3 y47d ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2dc h90 gs3a4\"><div class=\"t m0 xac h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">NOTE </div></div><div class=\"c wf1 h90 gs3a5\"><div class=\"t m0 xb1 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2dc h90 gs3a6\"><div class=\"t m0 xb1 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w1cb h3c gs3a7\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">A </div></div><div class=\"c w2db h3c gs3a8\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 liquide<span class=\"_ _3\"></span> </div></div><div class=\"c w2dc h3c gs3a9\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">18<span class=\"ls0\"> </span></div></div><div class=\"c wf1 h3c gs3aa\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.315,6 </div></div><div class=\"c w2dc h3c gs3ab\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.332,8 </div></div><div class=\"c w1cb h3c gs3ac\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">B </div></div><div class=\"c w2db h3c gs3ad\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Mezzi equivalenti a di<span class=\"_ _3\"></span>sponibilit\u00e0 liquide </div></div><div class=\"c w2dc h3c gs3ae\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">18<span class=\"ls0\"> </span></div></div><div class=\"c wf1 h3c gs3af\"><div class=\"t m0 x3e hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2dc h3c gs3b0\"><div class=\"t m0 x3e hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1cb h3c gs3b1\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">C </div></div><div class=\"c w2db h3c gs3b2\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre attivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti </div></div><div class=\"c w2dc h3c gs3b3\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">18<span class=\"ls0\"> </span></div></div><div class=\"c wf1 h3c gs3b4\"><div class=\"t m0 x64 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">23,1 </div></div><div class=\"c w2dc h3c gs3b5\"><div class=\"t m0 x64 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">90,9 </div></div><div class=\"c w1cb h3c gs3b6\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">D </div></div><div class=\"c w2db h3c gs3b7\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Liquidit\u00e0 (A+B+<span class=\"_ _3\"></span>C) </div></div><div class=\"c wf1 h3c gs3b8\"><div class=\"t m0 x30 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.338,7 </div></div><div class=\"c w2dc h3c gs3b9\"><div class=\"t m0 x30 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.423,7 </div></div><div class=\"c w1cb h3c gs3ba\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">E </div></div><div class=\"c w2db h3c gs3bb\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debito finanziari<span class=\"_ _3\"></span>o corrente </div></div><div class=\"c w2dc h3c gs3bc\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">19<span class=\"ls0\"> </span></div></div><div class=\"c wf1 h3c gs3bd\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(777,0) </div></div><div class=\"c w2dc h3c gs3be\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(411,9) </div></div><div class=\"c w1cb h98 gs3bf\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">F </div></div><div class=\"c w2db h98 gs3c0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Parte corrente d<span class=\"_ _3\"></span>el debito finanziario n<span class=\"_ _3\"></span>on corrente </div></div><div class=\"c w2dc h98 gs3c1\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">19, 22 </div></div><div class=\"c wf1 h98 gs3c2\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(474,1) </div></div><div class=\"c w2dc h98 gs3c3\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(524,1) </div></div><div class=\"c w1cb h3c gs3c4\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">G </div></div><div class=\"c w2db h3c gs3c5\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Indebitamento fin<span class=\"_ _3\"></span>anziario corrent<span class=\"_ _3\"></span>e (E+F) </div></div><div class=\"c wf1 h3c gs3c6\"><div class=\"t m0 xfd h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(1.251,1) </div></div><div class=\"c w2dc h3c gs3c7\"><div class=\"t m0 x90 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(936,0) </div></div><div class=\"c w1cb h3c gs3c8\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">H </div></div><div class=\"c w2db h3c gs3c9\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Indebitamento fin<span class=\"_ _3\"></span>anziario corrent<span class=\"_ _3\"></span>e netto (G+D) </div></div><div class=\"c wf1 h3c gs3ca\"><div class=\"t m0 x64 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">87,6 </div></div><div class=\"c w2dc h3c gs3cb\"><div class=\"t m0 x19 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">487,7 </div></div><div class=\"c w1cb h3c gs3cc\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">I </div></div><div class=\"c w2db h3c gs3cd\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debito finanziari<span class=\"_ _3\"></span>o non corrente   </div></div><div class=\"c w2dc h3c gs3ce\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">19, 22, 29 </div></div><div class=\"c wf1 h3c gs3cf\"><div class=\"t m0 x90 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(808,0) </div></div><div class=\"c w2dc h3c gs3d0\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1.087,0) </div></div><div class=\"c w1cb h3c gs3d1\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">J </div></div><div class=\"c w2db h3c gs3d2\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Strumenti di debito <span class=\"_ _3\"></span> </div></div><div class=\"c w2dc h3c gs3d3\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">19<span class=\"ls0\"> </span></div></div><div class=\"c wf1 h3c gs3d4\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(3.401,3) </div></div><div class=\"c w2dc h3c gs3d5\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(3.391,2) </div></div><div class=\"c w1cb h90 gs3d6\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">K </div></div><div class=\"c w2db h90 gs3d7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti commerciali <span class=\"_ _3\"></span>e altri debiti non corre<span class=\"_ _3\"></span>nti  </div></div><div class=\"c wf1 h90 gs3d8\"><div class=\"t m0 x3e hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2dc h90 gs3d9\"><div class=\"t m0 x3e hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1cb h3c gs3da\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">L </div></div><div class=\"c w2db h3c gs3db\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Indebitamento fin<span class=\"_ _3\"></span>anziario non corre<span class=\"_ _3\"></span>nte (I+J+K)  </div></div><div class=\"c wf1 h3c gs3dc\"><div class=\"t m0 xfd h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(4.209,3) </div></div><div class=\"c w2dc h3c gs3dd\"><div class=\"t m0 xfd h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(4.478,2) </div></div><div class=\"c w1cb h91 gs3de\"><div class=\"t m0 x0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">M </div></div><div class=\"c w2db h91 gs3df\"><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">Totale indebitame<span class=\"_ _3\"></span>nto finanziario (<span class=\"_ _3\"></span>H+L) Orientamenti <span class=\"_ _3\"></span>Esma </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls1 ws0\">32 <span class=\"ls0\">- 382 - 1<span class=\"_ _3\"></span>138 </span></div></div><div class=\"c wf1 h91 gs3e0\"><div class=\"t m0 xfd h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">(4.121,7) </div></div><div class=\"c w2dc h91 gs3e1\"><div class=\"t m0 xfd h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">(3.990,5) </div></div><div class=\"c w2db h3c gs3e2\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti finanziari no<span class=\"_ _3\"></span>n correnti </div></div><div class=\"c w2dc h3c gs3e3\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">18<span class=\"ls0\"> </span></div></div><div class=\"c wf1 h3c gs3e4\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">158,0 </div></div><div class=\"c w2dc h3c gs3e5\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">162,8 </div></div><div class=\"c w2db h3c gs3e6\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Indebitamento fin<span class=\"_ _3\"></span>anziario netto </div></div><div class=\"c wf1 h3c gs3e7\"><div class=\"t m0 xfd h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(3.963,7) </div></div><div class=\"c w2dc h3c gs3e8\"><div class=\"t m0 xfd h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(3.827,7) </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y48f ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _5\"></span>meglio <span class=\"_ _5\"></span>comprendere <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>dinamiche <span class=\"_ _7\"></span><span class=\"ff5\">relative <span class=\"_ _5\"></span>all<span class=\"_ _5\"></span>\u2019esposizio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span><span class=\"ff1\">finanziaria <span class=\"_ _5\"></span></span>intervenute <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell<span class=\"_ _5\"></span>\u2019esercizi<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span><span class=\"ff1\">4 <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i </span></span></div><div class=\"t m0 x1b h3 y490 ff1 fs1 fc1 sc0 ls0 ws0\">rinvia <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>llo <span class=\"_ _6\"></span>schema <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>rendiconto <span class=\"_ _e\"> </span>finanziario, <span class=\"_ _e\"></span>oltre <span class=\"_ _6\"></span>ai<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>co<span class=\"_ _5\"></span>mmenti<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>riportati <span class=\"_ _6\"></span>nel<span class=\"_ _5\"></span>la <span class=\"_ _e\"> </span>relazione <span class=\"_ _e\"></span>sulla <span class=\"_ _e\"></span>gestion<span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>paragrafo </div><div class=\"t m0 x1b h3 y16c0 ff1 fs1 fc1 sc0 ls0 ws0\">1.04<span class=\"ff5\">.02 \u201cStruttura patrim<span class=\"_ _3\"></span>oniale e indebitamento<span class=\"_ _3\"></span> finanziario netto ric<span class=\"_ _3\"></span>lassificato\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x6b h4e y1d45 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1705 ff1 fs1 fc1 sc0 ls0 ws0\">Per lo schema di indeb<span class=\"_ _3\"></span>itamento finanziario c<span class=\"_ _3\"></span>on parti correlate si <span class=\"_ _3\"></span>rimanda al paragrafo 2.0<span class=\"_ _5\"></span>3<span class=\"ls1e\">.0</span>4. </div><div class=\"t m0 x6b h4e y108f ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y4c6 ff1 fs1 fc1 sc0 ls0 ws0\">Di <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>rip<span class=\"_ _3\"></span>orta <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019analisi <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span>le <span class=\"_ _6\"></span>voci <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>bilancio <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>rientrano <span class=\"_ _7\"></span>nella <span class=\"_ _6\"></span>determinazione <span class=\"_ _6\"></span>dell\u2019in<span class=\"_ _3\"></span>debitamento <span class=\"_ _6\"></span>finanz<span class=\"_ _3\"></span>iario </span></div><div class=\"t m0 x1b h3 y4c7 ff1 fs1 fc1 sc0 ls0 ws0\">netto, <span class=\"_ _e\"></span>a <span class=\"_ _e\"> </span>eccezione <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _e\"></span>finanziarie <span class=\"_ _e\"></span>relative<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>agli <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"> </span>finanziari <span class=\"_ _e\"> </span>derivati <span class=\"_ _e\"></span>su <span class=\"_ _e\"> </span>tassi <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>sono </div><div class=\"t m0 x1b h3 y90b ff1 fs1 fc1 sc0 ls0 ws0\">dettagliate alla nota <span class=\"_ _5\"></span><span class=\"lse\">29</span> <span class=\"_ _5\"></span><span class=\"ff5\">\u201cStrumenti derivati\u201d e <span class=\"_ _5\"></span></span>delle passivit\u00e0 <span class=\"_ _5\"></span>per leasing che s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>esposte alla <span class=\"_ _5\"></span>nota 22 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cDiritti d\u2019uso e </span></div><div class=\"t m0 x1b h3 y4c9 ff5 fs1 fc1 sc0 ls0 ws0\">passivit\u00e0 per leasi<span class=\"_ _3\"></span>ng\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y4ca ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yc7b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 yb49 ff8 fsa fc2 sc0 ls0 ws0\">18 <span class=\"_ _21\"> </span> <span class=\"_ _5b\"> </span>Attivit\u00e0 <span class=\"_ _21\"> </span>f<span class=\"_ _5\"></span>inanziari<span class=\"_ _3\"></span>e, <span class=\"_ _21\"> </span>disponibilit\u00e0 <span class=\"_ _21\"> </span>liquide <span class=\"_ _21\"> </span>e <span class=\"_ _5b\"> </span>mezzi </div><div class=\"t m0 x1b h42 yc13 ff8 fsa fc2 sc0 ls0 ws0\">equivalenti </div></div><div class=\"c w111 h3c gs3e9\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gs3ea\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gs3eb\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs3ec\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti per servizi di c<span class=\"_ _3\"></span>ostruzione </div></div><div class=\"c w111 h3c gs3ed\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">102,2 </div></div><div class=\"c w112 h3c gs3ee\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">100,3 </div></div><div class=\"c w111 h3c gs3ef\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,9 </div></div><div class=\"c w113 h3c gs3f0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti per finanzia<span class=\"_ _3\"></span>menti </div></div><div class=\"c w111 h3c gs3f1\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">15,6 </div></div><div class=\"c w112 h3c gs3f2\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">19,6 </div></div><div class=\"c w111 h3c gs3f3\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(4,0) </div></div><div class=\"c w113 h98 gs3f4\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Titoli in portafoglio </div></div><div class=\"c w111 h98 gs3f5\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,0 </div></div><div class=\"c w112 h98 gs3f6\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,0 </div></div><div class=\"c w111 h98 gs3f7\"><div class=\"t m0 x72 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w113 h3c gs3f8\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti finanziari di<span class=\"_ _3\"></span>versi </div></div><div class=\"c w111 h3c gs3f9\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">38,2 </div></div><div class=\"c w112 h3c gs3fa\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">40,9 </div></div><div class=\"c w111 h3c gs3fb\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2,7) </div></div><div class=\"c w113 h3c gs3fc\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0 fi<span class=\"_ _3\"></span>nanziarie non corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w111 h3c gs3fd\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">158,0 </div></div><div class=\"c w112 h3c gs3fe\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">162,8 </div></div><div class=\"c w111 h3c gs3ff\"><div class=\"t m0 x2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(4,8) </div></div><div class=\"c w113 h90 gs400\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti per finanzia<span class=\"_ _3\"></span>menti </div></div><div class=\"c w111 h90 gs401\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,7 </div></div><div class=\"c w112 h90 gs402\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,3 </div></div><div class=\"c w111 h90 gs403\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,6) </div></div><div class=\"c w113 h3c gs404\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Titoli in portafoglio </div></div><div class=\"c w111 h3c gs405\"><div class=\"t m0 x72 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w112 h3c gs406\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,6 </div></div><div class=\"c w111 h3c gs407\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,6) </div></div><div class=\"c w113 h3c gs408\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti finanziari di<span class=\"_ _3\"></span>versi </div></div><div class=\"c w111 h3c gs409\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">18,4 </div></div><div class=\"c w112 h3c gs40a\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">83,0 </div></div><div class=\"c w111 h3c gs40b\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(64,6) </div></div><div class=\"c w113 h3c gs40c\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0 fi<span class=\"_ _3\"></span>nanziarie correnti </div></div><div class=\"c w111 h3c gs40d\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">23,1 </div></div><div class=\"c w112 h3c gs40e\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">90,9 </div></div><div class=\"c w111 h3c gs40f\"><div class=\"t m0 x98 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(67,8) </div></div><div class=\"c w113 h3c gs410\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 liq<span class=\"_ _3\"></span>uide e mezzi equi<span class=\"_ _3\"></span>valenti </div></div><div class=\"c w111 h3c gs411\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.315,6 </div></div><div class=\"c w112 h3c gs412\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.332,8 </div></div><div class=\"c w111 h3c gs413\"><div class=\"t m0 x98 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(17,2) </div></div><div class=\"c w113 h91 gs414\"><div class=\"t m0 x0 h13 ye2 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0 fi<span class=\"_ _3\"></span>nanziarie, disponi<span class=\"_ _3\"></span>bilit\u00e0 liquide e me<span class=\"_ _3\"></span>zzi </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">equivalenti </div></div><div class=\"c w111 h91 gs415\"><div class=\"t m0 x94 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">1.496,7 </div></div><div class=\"c w112 h91 gs416\"><div class=\"t m0 x94 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">1.586,5 </div></div><div class=\"c w111 h91 gs417\"><div class=\"t m0 x98 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">(89,8)<span class=\"_ _75\"> </span> </div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>327<span class=\"ls0\"> </span>\u201cCrediti <span class=\"_ _e\"> </span>per <span class=\"_ _f\"> </span>servizi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>costruzione\u201d <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>rilevati <span class=\"_ _f\"> </span><span class=\"ff1\">nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>comuni <span class=\"_ _e\"> </span>per <span class=\"_ _f\"> </span>servizi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>costruzione <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>impianti <span class=\"_ _d\"> </span>di </span>pubblica <span class=\"_ _5\"></span>illuminazione <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>conformit\u00e0 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>modello <span class=\"_ _5\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>finanziaria <span class=\"_ _5\"></span>previsto <span class=\"_ _7\"></span>dall\u2019interpretazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>Ifric <span class=\"_ _7\"></span>12, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>pi\u00f9 analiticamente <span class=\"_ _10\"> </span>riportato <span class=\"_ _10\"> </span>nella <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ezione <span class=\"_ _10\"> </span>descrittiva <span class=\"_ _10\"> </span>dei <span class=\"_ _8\"> </span>criteri <span class=\"_ _10\"> </span>di <span class=\"_ _2\"> </span><span class=\"ff5\">valutazione <span class=\"_ _10\"> </span>relativamente <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>voce <span class=\"_ _10\"> </span>\u201cCrediti <span class=\"_ _10\"> </span>e </span>finanziamenti\u201d al par<span class=\"_ _3\"></span>agrafo 2.02.01 \u201cIntroduzi<span class=\"_ _3\"></span>one\u201d.<span class=\"ff1\"> </span>\u201cCrediti per finanziame<span class=\"_ _3\"></span>nti\u201d comprend<span class=\"ff1\">e finanziamenti, regolati a t<span class=\"_ _3\"></span>assi di mercato, concessi alle seguenti soci<span class=\"_ _3\"></span>et\u00e0: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>QUOTA NON CORRENTE QUOTA CORRENTE TOTALE QUOTA NON CORRENTE QUOTA CORRENTE TOTALE Aloe Spa 3,8 0,8 4,6 4,6 0,8 5,4 Set Spa 5,4 3,5 8,9 8,9 5,2 14,1 Altre minori 6,4 0,4 6,8 6,1 0,3 6,4 Totale 15,6 4,7 20,3 19,6 6,3 25,9 I <span class=\"_ _e\"> </span><span class=\"ls0\">finanziamenti <span class=\"_ _6\"></span>n<span class=\"_ _5\"></span>ei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>rappresentano <span class=\"_ _6\"></span>veicoli <span class=\"_ _e\"> </span>attraverso <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>quali <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _6\"></span>detiene <span class=\"_ _d\"> </span>quote <span class=\"_ _e\"></span>di </span>produzione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>generazione <span class=\"_ _6\"></span>elettrica <span class=\"_ _6\"></span>(Set <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>Tamarete <span class=\"_ _6\"></span>Energia <span class=\"_ _e\"></span>Srl<span class=\"lsd\">) <span class=\"_ _6\"></span></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>assoggettati <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>test <span class=\"_ _6\"></span>di impairment, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>risultato <span class=\"_ _e\"></span>non <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>determinato <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>necessit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>procedere <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>rettifica <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>valori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>iscrizione <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>tali finanziamenti <span class=\"_ _5\"></span><span class=\"ff5\">nel <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>202</span>4<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>illustrato <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>nota <span class=\"_ _7\"></span>27 <span class=\"_ _7\"></span><span class=\"ff5\">\u201c</span>Impairment <span class=\"_ _5\"></span>test <span class=\"_ _5\"></span>partecipazioni<span class=\"ff5\">\u201d</span>. <span class=\"_ _5\"></span>Per <span class=\"_ _7\"></span>quanto riguarda <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>verso <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>collegat<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Tamarete <span class=\"_ _5\"></span>Energia <span class=\"_ _7\"></span>Srl, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>isultavano c<span class=\"_ _5\"></span>ompletamen<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>svalutati <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>31 dicembre <span class=\"_ _f\"> </span>2023<span class=\"ff5\">, <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>ha <span class=\"_ _d\"> </span>ricevuto <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>dell\u2019esercizio</span> <span class=\"_ _f\"> </span><span class=\"ff5\">il  rim<span class=\"_ _3\"></span>borso <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>quote <span class=\"_ _f\"> </span>previste <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>l\u2019anno <span class=\"_ _d\"> </span>2024<span class=\"_ _7\"></span><span class=\"ff1 ls1e\">, </span></span>iscrivendo la conseguente rivalu<span class=\"_ _3\"></span>tazion<span class=\"ls10\">e </span>tra i proventi fi<span class=\"_ _3\"></span>nanziari per 2,4 milioni di euro. \u201cTitoli <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>portafoglio\u201d<span class=\"ff1\">, <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>parte<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>non <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrente <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>corrente <span class=\"_ _7\"></span>accolgono<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>obblig<span class=\"_ _3\"></span>azioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>fond<span class=\"ls23\">i <span class=\"_ _6\"></span></span>a <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>aranzia<span class=\"_ _3\"></span> </span>del<span class=\"ls0\">la <span class=\"_ _e\"></span>gestio<span class=\"lse\">ne</span> <span class=\"_ _e\"></span>post-mortem <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>discarica <span class=\"_ _d\"> </span>in <span class=\"_ _e\"> </span>capo <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontrollata <span class=\"_ _6\"></span>Asa <span class=\"_ _d\"> </span>Scpa, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>ammontare<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _e\"> </span></span>il <span class=\"_ _e\"></span>cui <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"> </span>di </span>iscrizione  \u00e8 <span class=\"_ _f\"> </span>sostanzialmente  a<span class=\"_ _3\"></span>llineato  al <span class=\"_ _f\"> </span>fair  value <span class=\"_ _f\"> </span>al  termine  dell\u2019e<span class=\"_ _3\"></span>sercizio.<span class=\"_ _5\"></span><span class=\"ff1\">  </span>Tali  titoli  ri<span class=\"_ _3\"></span>entrano  all\u2019i<span class=\"_ _3\"></span>nterno  della categoria <span class=\"_ _10\"> </span>degli <span class=\"_ _8\"> </span>str<span class=\"_ _3\"></span>umenti <span class=\"_ _8\"> </span>fina<span class=\"_ _3\"></span>nziari <span class=\"_ _10\"> </span>valutati <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _10\"> </span>fair <span class=\"_ _8\"> </span>value <span class=\"_ _10\"> </span>rilevato <span class=\"_ _10\"> </span>nelle <span class=\"_ _10\"> </span>altre <span class=\"_ _8\"> </span>componenti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>conto <span class=\"_ _8\"> </span>economic<span class=\"_ _3\"></span>o complessivo. \u201cCrediti finanziari div<span class=\"_ _3\"></span>ersi\u201d<span class=\"ff1\">, riguardano le seguenti contr<span class=\"_ _3\"></span>oparti<span class=\"_ _5\"></span>: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>QUOTA NON CORRENTE QUOTA CORRENTE TOTALE QUOTA NON CORRENTE QUOTA CORRENTE TOTALE Consorzio Collin<span class=\"_ _3\"></span>are 13,5 \u2010<span class=\"ff12\"> </span>13,5 13,3 \u2010<span class=\"ff12\"> </span>13,3 Acosea Impianti 12,7 \u2010<span class=\"ff4\"> </span>12,7 12,7 \u2010<span class=\"ff4\"> </span>12,7 Comune di Padova<span class=\"_ _3\"></span> 9,0 1,6 10,6 10,6 1,5 12,1 Cato e Regione Ve<span class=\"_ _3\"></span>neto \u2010<span class=\"ff4\"> </span>5,4 5,4 \u2010<span class=\"ff4\"> </span>6,1 6,1 Comuni ex CMV 2,6 \u2010<span class=\"ff4\"> </span>2,6 3,9 \u2010<span class=\"ff4\"> </span>3,9 Data market exc<span class=\"_ _3\"></span>hange \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>10,8 10,8<span class=\"_ _75\"> </span> Altri crediti finanziari<span class=\"_ _3\"></span> 0,4 11,4 11,8 0,4 64,6 65,0 Totale 38,2 18,4 56,6 40,9 83,0 123,9 \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">Consorzio <span class=\"_ _10\"> </span>Collin<span class=\"_ _3\"></span>are <span class=\"_ _10\"> </span>concerne <span class=\"_ _4\"> </span>l\u2019indennizzo <span class=\"_ _10\"> </span>spettant<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>gestore <span class=\"_ _4\"> </span>u<span class=\"_ _5\"></span>scente <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>termine <span class=\"_ _10\"> </span>dell\u2019affi<span class=\"_ _3\"></span>damento <span class=\"_ _10\"> </span>della </span></span>gestione del servizio di<span class=\"_ _3\"></span> distribuzione gas in alcuni comuni della r<span class=\"_ _3\"></span>egione Friuli-Venezia Giulia; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Acosea Impianti si rifer<span class=\"_ _3\"></span>isce a una garanzia fi<span class=\"_ _3\"></span>nanziaria rilasciata <span class=\"_ _3\"></span>dalla capogruppo Hera S<span class=\"_ _3\"></span>pa;<span class=\"_ _5\"></span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Comune di <span class=\"_ _5\"></span>Padova, \u00e8 principalmente correlato alla costruzione di<span class=\"_ _5\"></span> impianti fotovoltaici. Il rimbors<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span> di tale credito, </span></span>regolato a tasso di mer<span class=\"_ _3\"></span>cato, \u00e8 previsto in quote annuali con oriz<span class=\"_ _3\"></span>zonte temporale al 2030; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cato <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Regione <span class=\"_ _5\"></span>Veneto \u00e8 <span class=\"_ _5\"></span>rappresentato da <span class=\"_ _5\"></span>contributi <span class=\"_ _5\"></span>pubblici <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>saranno incassati <span class=\"_ _5\"></span>successivament<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data </span></span>di bilancio; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Comuni <span class=\"_ _5\"></span>ex <span class=\"_ _6\"></span>CMV<span class=\"_ _3\"></span>, <span class=\"_ _7\"></span><span class=\"ff5\">concerne <span class=\"_ _5\"></span>l\u2019indennizzo <span class=\"_ _5\"></span>spettante <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>gestore <span class=\"_ _5\"></span>uscente <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>termine <span class=\"_ _5\"></span>dell\u2019affidamento <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>gestione </span></span></span>del <span class=\"_ _d\"> </span>servizio <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _f\"> </span>ga<span class=\"_ _3\"></span>s <span class=\"_ _f\"> </span>nei <span class=\"_ _d\"> </span>comuni <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i  <span class=\"ff5\">G<span class=\"_ _3\"></span>oro <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>Castello <span class=\"_ _d\"> </span>d\u2019Argile<span class=\"_ _5\"></span><span class=\"ff1\">. <span class=\"_ _d\"> </span>L</span>a <span class=\"_ _f\"> </span>variazione <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio </span>precedente <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>dovuta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>termine <span class=\"_ _6\"></span>dell\u2019affidament<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>comune <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Vigarano, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>correlato <span class=\"_ _6\"></span>incasso <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>relativa<span class=\"_ _3\"></span> </span>quota d<span class=\"lsf\">i </span>indennizz<span class=\"_ _3\"></span>o spettante al Gruppo per <span class=\"_ _3\"></span>1,<span class=\"_ _5\"></span>3 milioni di eur<span class=\"_ _3\"></span>o; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Altri crediti finanziari accolgono principalmente anticipi di nat<span class=\"_ _3\"></span>ura finanziaria per la partecipazione alle future gar<span class=\"_ _3\"></span>e </span></span>di <span class=\"_ _6\"></span>assegnazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>servizio <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuzione <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as <span class=\"_ _6\"></span>metano. <span class=\"_ _6\"></span>Al <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _7\"></span>accoglievano <span class=\"_ _d\"> </span>le <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>di cessione <span class=\"_ _d\"> </span><span class=\"ff5\">di <span class=\"_ _f\"> </span>crediti <span class=\"_ _d\"> </span>d\u2019imposta <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>fficientam<span class=\"_ _3\"></span>ento <span class=\"_ _d\"> </span>energetico  c<span class=\"_ _3\"></span>oncluse <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>termine <span class=\"_ _d\"> </span>dell\u2019esercizio, <span class=\"_ _d\"> </span>formalmente<span class=\"_ _75\"> </span></span><span class=\"ff5\"> </span>328<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>validate <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>accettate <span class=\"_ _7\"></span>dalle <span class=\"_ _6\"></span>controparti <span class=\"_ _7\"></span>bancarie, <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>incasso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>avvenuto <span class=\"_ _6\"></span>nel <span class=\"_ _e\"></span>successivo <span class=\"_ _7\"></span>mese <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>gennaio<span class=\"ls16\">, <span class=\"_ _6\"></span></span>per 43,6 milioni di euro. \u201cDisponibilit\u00e0 <span class=\"_ _e\"> </span>liquide <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>mezzi <span class=\"_ _e\"> </span>equivalenti\u201d <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>rappresentati <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span>sclusivamente<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>da <span class=\"_ _e\"> </span>depositi <span class=\"_ _e\"> </span>bancari<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>postali <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a </span>1.315,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _5\"></span>(<span class=\"ls10\">1.</span>332,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3). <span class=\"_ _7\"></span>Per meglio <span class=\"_ _7\"></span>comprendere<span class=\"_ _3\"></span> la variazione dell\u2019amm<span class=\"_ _3\"></span>ontare delle disponibilit<span class=\"_ _3\"></span>\u00e0 liquide si rinvia <span class=\"_ _3\"></span>allo schema di rendicont<span class=\"_ _3\"></span>o finanziario.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>19  Passivit\u00e0 <span class=\"_ _3\"></span>finanziarie 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Prestiti obbligazion<span class=\"_ _3\"></span>ari e finanziamenti 4.113,3 4.072,2 41,1 Opzione di vendita <span class=\"_ _3\"></span>soci di minoranza 39,6 327,8 (288,2) Debiti per acquisizi<span class=\"_ _3\"></span>one partecipazio<span class=\"_ _3\"></span>ni di controllo e corrispetti<span class=\"_ _3\"></span>vi potenziali 1,4 20,1 (18,7) Altri debiti finanziari<span class=\"_ _3\"></span> 0,3 1,6 (1,3) Totale passivit\u00e0 f<span class=\"_ _3\"></span>inanziarie non c<span class=\"_ _3\"></span>orrenti 4.154,6 4.421,7 (267,1) Prestiti obbligazion<span class=\"_ _3\"></span>ari e finanziamenti 450,0 479,2 (29,2) Opzione di vendita <span class=\"_ _3\"></span>soci di minoranza 251,2 \u2010<span class=\"ff4\"> </span>251,2 Scoperti di conto c<span class=\"_ _3\"></span>orrente e interessi p<span class=\"_ _3\"></span>assivi 151,9 92,6 59,3 Debiti per acquisizi<span class=\"_ _3\"></span>one partecipazioni <span class=\"_ _3\"></span>di controllo e corrispetti<span class=\"_ _3\"></span>vi potenziali 20,8 13,8 7,0 Altri debiti finanziari<span class=\"_ _3\"></span> 352,8 305,2 47,6 Totale passivit\u00e0 f<span class=\"_ _3\"></span>inanziarie correnti 1.226,7 890,8 335,9 Totale passivit\u00e0 f<span class=\"_ _3\"></span>inanziarie 5.381,3 5.312,5 68,8 \u201cPrestiti <span class=\"_ _7\"></span>obbligazionari <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>finanziamenti\u201d,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>nella <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>corrente <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>movimentano<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _7\"></span>ol<span class=\"_ _5\"></span>tre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>riclassifica <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ella </span>parte <span class=\"_ _7\"></span>corrente <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>quote <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>finanziamenti <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _5\"></span>successivo,</span> <span class=\"_ _7\"></span><span class=\"ff5\">principalmente <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019effetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span></span>i <span class=\"_ _7\"></span>un finanziamento <span class=\"_ _5\"></span>per 460 <span class=\"_ _7\"></span>milioni <span class=\"ls10\">di</span> <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>concesso <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>Banca <span class=\"_ _5\"></span>europea per <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>investimenti<span class=\"ls1e\">, <span class=\"_ _7\"></span></span>a <span class=\"_ _5\"></span>tasso fi<span class=\"_ _5\"></span>sso e <span class=\"_ _5\"></span>rimborso <span class=\"_ _5\"></span>al 2040, sottoscritto <span class=\"_ _5\"></span><span class=\"lse\">al</span> <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span><span class=\"ls10\">di</span> accelerare <span class=\"_ _5\"></span><span class=\"ls23\">la</span> <span class=\"_ _5\"></span>transizione <span class=\"_ _5\"></span>ecologica e <span class=\"_ _5\"></span>contribuire alla <span class=\"_ _5\"></span>lotta c<span class=\"_ _5\"></span>ontro <span class=\"lsf\">il</span> <span class=\"_ _5\"></span>cambiamento climatico nei<span class=\"ls0\"> <span class=\"_ _6\"></span>territori <span class=\"_ _6\"></span>serviti <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>Gruppo. <span class=\"_ _6\"></span><span class=\"ls1e\">In</span> <span class=\"_ _e\"></span>particolare, <span class=\"_ _6\"></span><span class=\"lsf\">il</span> <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>nanziamento <span class=\"_ _6\"></span>consentir\u00e0 <span class=\"_ _6\"></span><span class=\"lse\">di<span class=\"_ _5\"></span></span> <span class=\"_ _6\"></span>migliorare <span class=\"_ _e\"></span><span class=\"ls23\">la</span> <span class=\"_ _e\"></span>resilienza <span class=\"_ _6\"></span></span>del<span class=\"ls0\"> <span class=\"_ _6\"></span>ciclo <span class=\"_ _e\"></span>idrico </span>integrato, <span class=\"_ _5\"></span>favorire <span class=\"ff5\">l\u2019efficienza</span> <span class=\"_ _5\"></span>energetica, <span class=\"lsf\">la</span> <span class=\"_ _5\"></span>decarbonizzazi<span class=\"_ _3\"></span>one <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019economia</span> circolare <span class=\"_ _5\"></span>e potenziare <span class=\"_ _5\"></span><span class=\"lsf\">il</span> trattamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span><span class=\"ls23\">la</span> raccolta dei rifiuti, <span class=\"ff5\">nell\u2019ambit<span class=\"_ _3\"></span>o<span class=\"ff1\"> <span class=\"lse\">di<span class=\"_ _5\"></span></span> oltre <span class=\"lse\">60</span> progettualit\u00e0 allineat<span class=\"_ _3\"></span>e alla tassonomia europea. </span></span>La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>comprende, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _5\"></span><span class=\"ff5\">il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>dell\u2019opzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita, p<span class=\"_ _5\"></span>ari a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>5<span class=\"_ _5\"></span></span>5,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>correlata <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>partecipazion<span class=\"_ _3\"></span>e di  minoranza  del  3%  di  Ascopiave  Spa  in  Hera  C<span class=\"_ _3\"></span>omm  Spa  che,  per  effett<span class=\"_ _3\"></span>o  delle  disposizioni  contrattuali,<span class=\"_ _3\"></span>  \u00e8 classificata <span class=\"_ _f\"> </span>come  finanziam<span class=\"_ _3\"></span>ento  e <span class=\"_ _f\"> </span>valutata <span class=\"_ _f\"> </span>secondo  il <span class=\"_ _f\"> </span>metodo  del <span class=\"_ _f\"> </span>costo  amm<span class=\"_ _3\"></span>ortizzato. <span class=\"_ _4\"> </span>Tale  debito, <span class=\"_ _f\"> </span>del  valore nominale di <span class=\"_ _5\"></span>54 milioni di <span class=\"_ _5\"></span>euro, si <span class=\"_ _5\"></span>incrementa per effetto della componente f<span class=\"_ _5\"></span>inanziaria valutativ<span class=\"_ _3\"></span>a e <span class=\"_ _5\"></span>si decrementa per <span class=\"_ _5\"></span>i dividendi corrisposti:<span class=\"_ _75\"> </span> VALORE  INIZIALE ONERI  FINANZIARI FLUSSI CORRISPOSTI VALORE  FINALE Esercizio 2023 54,8 3,2 (2,7) 55,3 Esercizio 2024 55,3 3,2 (2,7) 55,8 La <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>corrente <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span><span class=\"ff5 lsd\">\u201cP<span class=\"ls0\">restiti <span class=\"_ _5\"></span>obbligazionari <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d <span class=\"_ _6\"></span></span></span>accoglie <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>quote<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">scadenti <span class=\"_ _5\"></span>entro <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>\u2019esercizio <span class=\"_ _7\"></span>successiv<span class=\"ff1\">o </span></span>dei debiti a <span class=\"_ _5\"></span>medio e lungo termine, oltre ad un <span class=\"_ _5\"></span>prestito obbligazionario<span class=\"_ _3\"></span> per un valore no<span class=\"_ _5\"></span>minale resid<span class=\"_ _3\"></span>uo di 15 <span class=\"_ _5\"></span>milioni di euro in scadenza a maggio 20<span class=\"_ _3\"></span>25. Rispetto al 31 dicembre <span class=\"_ _3\"></span>2023 si evidenzia il rimb<span class=\"_ _3\"></span>orso d<span class=\"_ _5\"></span>i: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">un prestito obbligazi<span class=\"_ _3\"></span>onario (nella forma di green bond<span class=\"lsd\">) </span>avente un<span class=\"_ _3\"></span> nozionale residuo di 288,3<span class=\"_ _3\"></span> milioni di euro;   </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 ls10\">un <span class=\"ls0\">prestito obb<span class=\"_ _5\"></span>ligazion<span class=\"_ _3\"></span>ario d<span class=\"_ _5\"></span>enominato<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>in y<span class=\"_ _5\"></span>en <span class=\"_ _5\"></span>giapponesi <span class=\"_ _5\"></span>avente un <span class=\"_ _5\"></span>nozionale residuo <span class=\"_ _5\"></span>di 20 <span class=\"_ _5\"></span>miliardi <span class=\"_ _5\"></span>di yen<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>pari </span></span></span>a 149,8 milioni di euro (convertit<span class=\"_ _3\"></span>o al tasso di cambio orig<span class=\"_ _3\"></span>inario oggetto di cop<span class=\"_ _3\"></span>ertura)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span> // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>329<span class=\"ls0\"> </span>Si evidenzia<span class=\"ls10\">no</span> di segui<span class=\"_ _3\"></span>to le principali condizi<span class=\"_ _3\"></span>oni dei prestiti obbli<span class=\"_ _3\"></span>gazionari in essere al 31<span class=\"_ _5\"></span> dicemb<span class=\"_ _3\"></span>re 2024: PRESTITI OBBLIG<span class=\"_ _3\"></span>AZIONARI DURATA (ANNI) SCADENZA VALORE NOMINALE (ML<span class=\"_ _3\"></span>N) CEDOLA TASSO  ANNUALE Sustainability lin<span class=\"_ _3\"></span>ked-bond 12.5 25<span class=\"ls0\">-</span>apr<span class=\"ls0\">-<span class=\"_ _3\"></span>2034 </span>500 Eur Fissa, annuale 1,00% Sustainability lin<span class=\"_ _3\"></span>ked-bond 10<span class=\"ls0\"> </span>20<span class=\"ls0\">-</span>apr<span class=\"ls0\">-<span class=\"_ _3\"></span>2033 </span>600 Eur Fissa, annuale 4,25% Bond 12<span class=\"ls0\"> </span>22<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>5 </span>15 Eur Fissa, annuale 3,5% Green Bond 7 25<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>9 </span>500 Eur Fissa, annuale 2,5% Bond 10<span class=\"ls0\"> </span>14<span class=\"ls0\">-ott-2026 </span>325,44 Eur Fissa, annuale 0,875%<span class=\"_ _75\"> </span> Bond 10<span class=\"ls0\"> </span>03<span class=\"ls0\">-dic-2030 </span>500 Eur Fissa, annuale 0,25% Bond* 15/20 14<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>7/2032 </span>102,5 Eur Fissa, annuale 5,25% Green Bond 8 05<span class=\"ls0\">-lug-2027<span class=\"_ _3\"></span> </span>357,2 Eur Fissa, annuale 0,875% Bond 15<span class=\"ls0\"> </span>29<span class=\"ls0\">-gen-2028<span class=\"_ _3\"></span> </span>599,02 Eur Fissa, annuale 5,20% * Strumento non quotato Al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _5\"></span>4 <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>prestiti <span class=\"_ _e\"> </span>obbligazionari <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>essere<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>presentano <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>nominale <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>3.499,1 <span class=\"_ _e\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>euro (3.937,2 <span class=\"_ _5\"></span>milioni di<span class=\"_ _5\"></span> euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2023)<span class=\"_ _5\"></span>, un <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di iscrizione <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo ammortizzato <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span><span class=\"ls10\">3.</span>414,4 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro (3.804,5 <span class=\"_ _5\"></span>milioni di euro<span class=\"_ _5\"></span> al <span class=\"_ _5\"></span>31 dicembre <span class=\"_ _5\"></span>2023)<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>e un <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value di <span class=\"_ _5\"></span><span class=\"lse\">3.<span class=\"_ _5\"></span></span>382,2 <span class=\"_ _5\"></span>milioni di e<span class=\"_ _5\"></span>uro (<span class=\"_ _5\"></span><span class=\"lse\">3.</span>737,7 <span class=\"_ _5\"></span>al 31 <span class=\"_ _5\"></span>dicembre 2023<span class=\"_ _5\"></span><span class=\"ls59\">) </span>determinato dalle quot<span class=\"_ _3\"></span>azioni di mercato ove dis<span class=\"_ _3\"></span>ponibili.<span class=\"_ _5\"></span> Su <span class=\"_ _5\"></span>alcuni <span class=\"_ _5\"></span>finanziamenti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>presenti <span class=\"_ _5\"></span>covenant <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>prevedono <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>mite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>corporate <span class=\"_ _5\"></span>rating, <span class=\"_ _5\"></span>il<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>quale <span class=\"_ _5\"></span>deve essere <span class=\"_ _7\"></span>valutato, <span class=\"_ _7\"></span>anche <span class=\"_ _6\"></span>solo <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>un\u2019agenzia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>rating, <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>on <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>sotto <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>livello <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>Investment <span class=\"_ _6\"></span>gr<span class=\"_ _3\"></span>ade <span class=\"_ _7\"></span>(BBB<span class=\"_ _6\"></span><span class=\"ff1\">-). </span>Alla data attuale tale <span class=\"_ _3\"></span>parametro risulta ri<span class=\"_ _3\"></span>spettato.<span class=\"_ _5\"></span> \u201cOpzione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>soci <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>minoranza\u201d, <span class=\"_ _6\"></span>accoglie <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>opzioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>attribuite, <span class=\"_ _6\"></span>con specifici <span class=\"_ _6\"></span>istituti <span class=\"_ _6\"></span>contratt<span class=\"_ _3\"></span>uali, <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>soci <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>minoranz<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>sulle <span class=\"_ _6\"></span>proprie <span class=\"_ _7\"></span>quo<span class=\"_ _5\"></span>te <span class=\"_ _6\"></span>partecipativ<span class=\"_ _3\"></span>e<span class=\"_ _7\"></span><span class=\"ls1e\">. <span class=\"_ _e\"></span></span>Il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>ilevante <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>riferibile all\u2019opzione di <span class=\"_ _5\"></span>vendita de<span class=\"_ _5\"></span>lla partecipazione di <span class=\"_ _5\"></span>minoranza in <span class=\"_ _5\"></span>EstEnergy <span class=\"_ _5\"></span>Spa, pari <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span><span class=\"ff1 lse\">25<span class=\"ls0\">% del <span class=\"_ _5\"></span>capitale s<span class=\"_ _5\"></span>ociale, detenuta </span></span>da Ascopiave Spa. La policy del Gruppo preved<span class=\"_ _3\"></span>e di non rappresentare l\u2019intere<span class=\"_ _3\"></span>ssenza dei soci di minoranza nella co<span class=\"_ _3\"></span>mponente di risultato di <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>eriodo, <span class=\"_ _e\"> </span>pertanto, <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>debiti <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>o<span class=\"_ _5\"></span>pzioni <span class=\"_ _e\"></span>(da <span class=\"_ _d\"> </span>versare <span class=\"_ _e\"> </span>alla <span class=\"_ _d\"> </span>data <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>sercizio <span class=\"_ _e\"></span>delle <span class=\"_ _d\"> </span>stesse <span class=\"_ _e\"> </span>secondo <span class=\"_ _d\"> </span>il meccanismo contrattuale con<span class=\"_ _3\"></span>diviso tra le parti) \u00e8 increme<span class=\"_ _3\"></span>ntato dei dividendi che ci si aspetta verra<span class=\"_ _3\"></span>nno distribuiti dalle societ\u00e0 <span class=\"_ _e\"> </span>controllate <span class=\"_ _e\"> </span>lungo <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>vita <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>potetica <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>opzioni <span class=\"_ _d\"> </span>stesse. <span class=\"_ _e\"> </span>Il <span class=\"_ _d\"> </span>fair <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _e\"> </span>iscritto <span class=\"_ _d\"> </span>a <span class=\"_ _e\"> </span>bilancio <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ome <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _e\"> </span>non rappresenta, <span class=\"_ _7\"></span>quindi, <span class=\"_ _5\"></span>soltanto <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>attuale <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>prezzo <span class=\"_ _7\"></span>previsto <span class=\"_ _5\"></span>dell\u2019opzione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ata <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>suo <span class=\"_ _7\"></span>esercizio, ma <span class=\"_ _6\"></span>contiene <span class=\"_ _6\"></span>anch<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>stima <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttualizzata <span class=\"_ _7\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>dividendi <span class=\"_ _6\"></span>distribuiti<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>anto <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>ritenersi <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>corrispettivo<span class=\"_ _3\"></span> variabile <span class=\"_ _e\"> </span>dovuto <span class=\"_ _e\"> </span>alla <span class=\"_ _e\"> </span>controparte. <span class=\"_ _e\"> </span>Data <span class=\"_ _6\"> </span>la <span class=\"_ _d\"> </span>struttura <span class=\"_ _e\"> </span>dell\u2019operazione,<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>nel <span class=\"_ _e\"> </span>corso <span class=\"_ _d\"> </span>del <span class=\"_ _e\"> </span>periodo <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>\u2019esercizio <span class=\"_ _6\"> </span>del<span class=\"_ _5\"></span>l\u2019opzione,<span class=\"_ _3\"></span> l\u2019utile <span class=\"_ _7\"></span>generato <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>controllate <span class=\"_ _7\"></span>sar\u00e0 <span class=\"_ _7\"></span>distribuito <span class=\"_ _7\"></span>secondo <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>rispettive <span class=\"_ _7\"></span>quote <span class=\"_ _7\"></span>nominali <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>partecipazione. <span class=\"_ _7\"></span>Tale meccanismo <span class=\"_ _5\"></span>fa <span class=\"_ _5\"></span>s\u00ec <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>dell\u2019opzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>verr\u00e0 <span class=\"_ _5\"></span>estinta <span class=\"_ _5\"></span>tramite l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>distribuzione d<span class=\"_ _5\"></span>i futuri dividendi <span class=\"_ _d\"> </span>\u00e8  i<span class=\"_ _3\"></span>n <span class=\"_ _f\"> </span>realt\u00e0 <span class=\"_ _d\"> </span>autoliquidante, <span class=\"_ _d\"> </span>dal <span class=\"_ _f\"> </span>momento <span class=\"_ _f\"> </span>che <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>risorse <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _d\"> </span>necessarie <span class=\"_ _f\"> </span>(ovvero <span class=\"_ _d\"> </span>i <span class=\"_ _f\"> </span>dividendi <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lle partecipazioni di minoranza) saranno direttam<span class=\"_ _3\"></span>ente generate dalle societ\u00e0 controllate,<span class=\"_ _3\"></span> senza pertanto determinare nel corso di tale periodo u<span class=\"_ _3\"></span>n reale fabbisogno fi<span class=\"_ _3\"></span>nanziario addizional<span class=\"_ _3\"></span>e per il Gruppo.<span class=\"_ _5\"></span> Di seguito \u00e8 riportata l<span class=\"_ _3\"></span>a movimentazione d<span class=\"_ _3\"></span>ell\u2019esercizio, confront<span class=\"_ _3\"></span>ata con il periodo prec<span class=\"_ _3\"></span>edente:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>VALORE INIZIALE ACQUISIZIONI ONERI FINANZIARI VARIAZIONI  IPOTESI FLUSSI CORRISPOSTI VALORE FINALE 31<span class=\"ls0\">-dic-<span class=\"ls3\">23</span> </span>Equity value 421,2 7,6 14,4 (11,9) (149,5) 281,9 Dividendi futuri 80,0 3,1 2,8 (19,3) (20,7) 45,9 Totale 501,2 10,7 17,2 (31,1) (170,2) 327,8 31<span class=\"ls0\">-dic-<span class=\"ls3\">24</span> </span>Equity value 281,9 8,6 9,9 (37,8) \u2010<span class=\"ff4\"> </span>262,6 Dividendi futuri 45,9 2,3 1,6 (12,1) (9,5) 28,2 Totale 327,8 10,9 11,5 (49,9) (9,5) 290,8 Con riferimento alla m<span class=\"_ _3\"></span>ovimentazione intervenut<span class=\"_ _3\"></span>a nell\u2019esercizio:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le acquisizioni <span class=\"ff5\">si riferiscon<span class=\"_ _3\"></span>o all\u2019operazione straor<span class=\"_ _3\"></span>dinaria <span class=\"_ _5\"></span><span class=\"ff1\">relativa a Trs Ecol<span class=\"_ _3\"></span>ogy Srl; </span></span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">gli <span class=\"_ _6\"></span>o<span class=\"ff5\">neri <span class=\"_ _7\"></span>finanziari <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _7\"></span>figurativi <span class=\"_ _7\"></span>derivanti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>all\u2019attualizzazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>de<span class=\"_ _5\"></span><span class=\"ff1\">lla <span class=\"_ _7\"></span>passivit\u00e0<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>iscritta <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> </span></span></span></span>bilancio precedente; 330<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le variazioni ipotesi <span class=\"_ _5\"></span>rappresentano <span class=\"ff5\">gli effetti del<span class=\"_ _5\"></span>l\u2019aggiorn<span class=\"_ _3\"></span>amento delle variabili sottostanti al<span class=\"_ _7\"></span><span class=\"ff1\">la determinazione del </span></span></span></span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>dell<span class=\"lse\">e <span class=\"_ _d\"> </span></span>opzioni <span class=\"_ _d\"> </span>stesse. <span class=\"_ _e\"> </span>In <span class=\"_ _d\"> </span>particolare, <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>tali <span class=\"_ _d\"> </span>opzioni <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"> </span>cal<span class=\"_ _5\"></span>colato <span class=\"_ _e\"></span>facendo <span class=\"_ _e\"> </span>riferimento <span class=\"_ _e\"> </span>allo scenario <span class=\"_ _6\"></span>futuro <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>esercizio <span class=\"_ _6\"></span>ritenuto <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>robabile <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>management<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>tenuto <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>esercizi <span class=\"_ _6\"></span>parziali effettuati <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>gi\u00e0 <span class=\"_ _7\"></span>sottoscritti, <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>coerenza <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>ipotesi <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ianificazio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>aggiornate<span class=\"_ _5\"></span>, <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>dottando <span class=\"_ _7\"></span>criteri <span class=\"_ _6\"></span>sec<span class=\"_ _3\"></span>ondo <span class=\"_ _7\"></span>le condizioni <span class=\"_ _6\"></span>contrattualizz<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>parti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>attualizzando <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>corrisp<span class=\"_ _3\"></span>ondenti <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>futuri <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa, <span class=\"_ _7\"></span>u<span class=\"_ _5\"></span>tilizzando <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>e tasso <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>sconto <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>medi<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>indebitam<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>ungo <span class=\"_ _7\"></span>termine <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _e\"> </span>iniziale <span class=\"_ _6\"></span><span class=\"ff5\">dell\u2019operazione. </span>Nell\u2019esercizio <span class=\"_ _5\"></span>202<span class=\"ff1\">4 <span class=\"_ _5\"></span><span class=\"ls23\">la<span class=\"_ _5\"></span></span> <span class=\"_ _5\"></span>rivisitazione <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>stime <span class=\"_ _5\"></span></span>ha <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>omportato l\u2019iscrizione <span class=\"_ _7\"></span><span class=\"ff1\">di <span class=\"_ _5\"></span>proventi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>50,4 <span class=\"_ _7\"></span>milioni di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>di </span>oneri <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>0,5 <span class=\"_ _f\"> </span>milioni <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>euro.  I <span class=\"_ _d\"> </span>proventi  d<span class=\"_ _3\"></span>el <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>riferiscono <span class=\"_ _f\"> </span>principalmente <span class=\"_ _f\"> </span>all<span class=\"ff5\">\u2019</span>opzione  sull<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>quote <span class=\"_ _f\"> </span>di minoranza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>EstEn<span class=\"_ _3\"></span>ergy <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>47,8 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(26,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicemb<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>2023<span class=\"_ _5\"></span>). <span class=\"_ _6\"></span>A <span class=\"_ _6\"></span>tal <span class=\"_ _6\"></span>fine <span class=\"_ _7\"></span>si segnala <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>data <span class=\"_ _7\"></span>16 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2024 <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>stipulato <span class=\"_ _7\"></span><span class=\"ff5\">l\u2019atto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cessione <span class=\"_ _7\"></span></span>con<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _7\"></span>Spa <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>25% <span class=\"_ _7\"></span>residuo del <span class=\"_ _7\"></span>capitale <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>sudd<span class=\"_ _3\"></span>etta <span class=\"_ _7\"></span>societ\u00e0, <span class=\"_ _6\"></span>sogg<span class=\"_ _3\"></span>etto <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>ndizione <span class=\"_ _7\"></span>sospensiva <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>agamento <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>avverr\u00e0 <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orso<span class=\"_ _3\"></span> del 2025<span class=\"ff5\">, come riportato al<span class=\"_ _3\"></span> paragrafo 1.03 \u201cPri<span class=\"_ _3\"></span>ncipali fatti di rilie<span class=\"_ _3\"></span>vo\u201d<span class=\"_ _5\"></span><span class=\"ff1\">; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i <span class=\"_ _f\"> </span>flussi <span class=\"_ _d\"> </span>corrisposti <span class=\"_ _d\"> </span>accolgono <span class=\"_ _f\"> </span>gli <span class=\"_ _d\"> </span>importi <span class=\"_ _d\"> </span>versati <span class=\"_ _f\"> </span>ai <span class=\"_ _d\"> </span>soci <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>minoranza <span class=\"_ _d\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>agamento <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>dividendi<span class=\"_ _6\"></span> <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>loro </span></span>pertinenza, <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>9 <span class=\"_ _6\"></span>milio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _6\"></span>relativi <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>soci <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>minoranz<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>EstEnergy <span class=\"_ _7\"></span>Spa<span class=\"ls16\">. <span class=\"_ _6\"></span></span>Si <span class=\"_ _7\"></span>segnala <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>periodo<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> confronto accoglie<span class=\"ls11\">va</span> principalmente <span class=\"ff5\">l\u2019esercizio parziale da parte di Ascopiave Spa dell'opzione di vendita in suo </span>possesso <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>il <span class=\"_ _e\"></span><span class=\"lse\">15</span>% <span class=\"_ _e\"></span>delle <span class=\"_ _6\"></span>azioni <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>EstEnergy <span class=\"_ _6\"></span>Spa <span class=\"_ _e\"></span>per <span class=\"_ _6\"></span>un<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>controvalore <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>137,5 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>eu<span class=\"_ _5\"></span>ro <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _e\"></span></span><span class=\"ff5\">l\u2019esercizio </span>totale <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Herambiente <span class=\"_ _7\"></span>Servizi <span class=\"_ _6\"></span>Industriali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Srl<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dell'<span class=\"_ _3\"></span>opzione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>acquisto <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>suo <span class=\"_ _7\"></span>possesso, <span class=\"_ _7\"></span>correlata <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>una corrispondente opzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita dei <span class=\"_ _5\"></span>soci <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>minoranza, p<span class=\"_ _5\"></span>ari <span class=\"_ _5\"></span>al 30<span class=\"_ _5\"></span>% delle <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>societ\u00e0 Recycla <span class=\"_ _5\"></span>Spa <span class=\"_ _5\"></span>per un controvalore di 10,3 milio<span class=\"_ _3\"></span>ni di euro. \u201cScoperti <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>corrente <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>interessi <span class=\"_ _e\"> </span>passivi\u201d, <span class=\"_ _e\"> </span><span class=\"ff1\">accolgono <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>debiti <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>le <span class=\"_ _e\"></span>sottoscrizioni<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>restiti <span class=\"_ _6\"></span>a </span>breve <span class=\"_ _7\"></span>termine, <span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>forma <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>hot <span class=\"_ _7\"></span>money, <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span><span class=\"lse\">75</span> <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(10 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>dicembre <span class=\"_ _7\"></span>2023) <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>interessi<span class=\"_ _3\"></span> passivi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>competenza<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>ancora<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>corrisposti <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"lse\">71</span>,7 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>eur<span class=\"_ _3\"></span>o (71,9 milioni di euro <span class=\"_ _3\"></span>al 31 dicembre 2023). \u201cDebiti <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>acquisizione <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>corrispettivi <span class=\"_ _5\"></span>potenziali\u201d, <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ccolgono <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>somme <span class=\"_ _5\"></span>ancora <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>pagare ai<span class=\"ls0\"> <span class=\"_ _6\"></span><span class=\"ff5\">soci <span class=\"_ _6\"></span>cedenti <span class=\"_ _6\"></span>nell\u2019am<span class=\"_ _3\"></span>bito <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>operazioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>aggregazione <span class=\"_ _6\"></span>azi<span class=\"_ _3\"></span>endale <span class=\"_ _6\"></span>concluse <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>quell<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>precedenti, </span></span>nonch\u00e9 <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>stima <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>bilancio <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>corrispettivi <span class=\"_ _5\"></span>potenziali <span class=\"_ _6\"></span>(earn-out) <span class=\"_ _5\"></span>previsti <span class=\"_ _7\"></span>dagli <span class=\"_ _5\"></span>accordi <span class=\"_ _7\"></span>sottoscritti <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>sede <span class=\"_ _7\"></span>di acquisizione. <span class=\"_ _7\"></span>Al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dice<span class=\"_ _5\"></span>mbre <span class=\"_ _7\"></span>2024, <span class=\"_ _7\"></span>nella <span class=\"_ _6\"></span>quota <span class=\"_ _7\"></span>corrente, <span class=\"_ _7\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>voce <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>riferisce <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>corrispettivo <span class=\"_ _6\"></span>differi<span class=\"_ _3\"></span>to per l\u2019acquisizione delle <span class=\"_ _5\"></span>quote di minoranza di <span class=\"_ _5\"></span>Aliplast Spa per 17,4 <span class=\"_ _5\"></span>milioni di euro. <span class=\"_ _5\"></span>La variazione rispetto a<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio precedente <span class=\"_ _22\"> </span>\u00e8 <span class=\"_ _11\"> </span>d<span class=\"_ _5\"></span>ovuta <span class=\"_ _11\"> </span>principalmente <span class=\"_ _11\"> </span><span class=\"ff5\">all\u2019avverarsi <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>corso <span class=\"_ _11\"> </span>dell\u2019</span>esercizio <span class=\"_ _11\"> </span>2024 <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>condizioni <span class=\"_ _11\"> </span>previste contrattualmente <span class=\"_ _f\"> </span>per  il  riconoscimento <span class=\"_ _f\"> </span>dell\u2019earn<span class=\"_ _5\"></span><span class=\"ff1\">-</span>out  relativo  all\u2019acqui<span class=\"_ _3\"></span>sizione,  avvenut<span class=\"_ _3\"></span>a  nell\u2019esercizio <span class=\"_ _f\"> </span>2019,  della societ\u00e0 Pistoia Ambien<span class=\"_ _3\"></span>te Srl, successivame<span class=\"_ _3\"></span>nte fusa per incorporazio<span class=\"_ _3\"></span>ne in Herambiente Spa. \u201cAltri debiti finanzi<span class=\"_ _3\"></span>ari\u201d, <span class=\"ff1\">riguardano principalmente: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>QUOTA NON CORRENTE QUOTA CORRENTE TOTALE QUOTA NON CORRENTE QUOTA CORRENTE TOTALE Factoring \u2010<span class=\"ff12\"> </span>332,8 332,8 \u2010<span class=\"ff12\"> </span>117,7 117,7 Cassa servizi ener<span class=\"_ _3\"></span>getici e ambientali \u2010<span class=\"ff4\"> </span>5,7 5,7 \u2010<span class=\"ff4\"> </span>21,3 21,3 Cassa pensioni <span class=\"_ _3\"></span>comunali Trieste \u2010<span class=\"ff4\"> </span>1,2 1,2 1,2 0,3 1,5 Data market exc<span class=\"_ _3\"></span>hange \u2010<span class=\"ff4\"> </span>0,4 0,4 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Settlement \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>154,1 154,1 Altri minori 0,3 12,7 13,0 0,4 11,8 12,2 Totale 0,3 352,8 353,1 1,6 305,2 306,8 \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Factoring, <span class=\"_ _f\"> </span>accoglie  princi<span class=\"_ _3\"></span>palmente  gli  i<span class=\"_ _3\"></span>ncassi  ancora <span class=\"_ _f\"> </span>da  tr<span class=\"_ _3\"></span>asferire <span class=\"_ _f\"> </span>a  fine  esercizio <span class=\"_ _f\"> </span>agli  i<span class=\"_ _3\"></span>stituti  fi<span class=\"_ _3\"></span>nanziari,  in </span></span>relazione <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>crediti <span class=\"_ _6\"></span>oggetto <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span><span class=\"ls12\">ce</span>ssioni <span class=\"_ _7\"></span>pro-soluto <span class=\"_ _7\"></span><span class=\"ff5\">per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>G<span class=\"_ _3\"></span>ruppo <span class=\"_ _7\"></span>ha <span class=\"_ _6\"></span>ma<span class=\"_ _3\"></span>ntenuto <span class=\"_ _7\"></span>l\u2019attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>riscoss<span class=\"_ _5\"></span><span class=\"ff1\">ione <span class=\"_ _7\"></span>per </span></span>conto delle societ\u00e0 di factor; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cassa <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>energetici <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>ambientali <span class=\"_ _6\"></span>(Cse<span class=\"_ _3\"></span>a), <span class=\"_ _7\"></span>accoglie <span class=\"_ _7\"></span>principalmente <span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>incassi <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>retrocedere <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>quanto </span></span>gi\u00e0 anticipati dalla Csea in relazione alle rendicontazio<span class=\"_ _3\"></span>ni effettuate dal Gruppo per l<span class=\"_ _5\"></span><span class=\"ls10\">e </span>attivit\u00e0 s<span class=\"_ _3\"></span>volte sui mercati di vendita di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>ed energia e<span class=\"_ _5\"></span>lettrica <span class=\"_ _5\"></span>soggetti a <span class=\"_ _5\"></span>gara, dettagliate all<span class=\"_ _5\"></span>a nota <span class=\"_ _5\"></span>38 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre passivit\u00e0 correnti\u201d<span class=\"_ _5\"></span></span><span class=\"ls16\">, </span>alla <span class=\"_ _5\"></span>quale si rimanda per maggiori <span class=\"_ _3\"></span>dettagli; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">Settlement, <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>importi <span class=\"_ _d\"> </span>ricevuti <span class=\"_ _d\"> </span>come <span class=\"_ _d\"> </span>anticipi <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>termine <span class=\"_ _d\"> </span>dell\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>tati <span class=\"_ _e\"> </span>iscritti <span class=\"_ _f\"> </span>alla <span class=\"_ _e\"> </span>voce </span></span>\"Debiti commerciali\u201d, <span class=\"_ _3\"></span>come meglio precisat<span class=\"_ _3\"></span>o nel paragrafo 2.02.0<span class=\"_ _3\"></span>1 \u201cIntroduzione\u201d; <span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Altri <span class=\"_ _e\"></span>minori, <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>ccoglie <span class=\"_ _6\"></span>principalmente <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>debito <span class=\"_ _6\"></span>verso <span class=\"_ _e\"> </span>la <span class=\"_ _e\"></span>collegata <span class=\"_ _e\"></span>ASM <span class=\"_ _e\"></span>SET <span class=\"_ _6\"></span>S<span class=\"lsd\">rl</span> <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"></span>gestione <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>tesoreria </span></span>centralizzata <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>3,7 <span class=\"_ _d\"> </span>milioni <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>euro <span class=\"_ _f\"> </span>(a <span class=\"_ _d\"> </span>credito <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _d\"> </span>2<span class=\"_ _5\"></span>023) <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span><span class=\"ff5\">debiti <span class=\"_ _f\"> </span>verso <span class=\"_ _d\"> </span>l\u2019</span>Erario <span class=\"_ _f\"> </span>relativ<span class=\"_ _3\"></span>amente // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>331<span class=\"ls0\"> </span>all\u2019incasso del <span class=\"_ _5\"></span>canone Rai <span class=\"_ _5\"></span>addebitato ai c<span class=\"_ _5\"></span>lienti nella bolletta <span class=\"_ _5\"></span>elettrica dalle s<span class=\"_ _5\"></span>ociet\u00e0 di <span class=\"_ _5\"></span>vendita del Gruppo<span class=\"_ _6\"></span><span class=\"ff1\"> per <span class=\"_ _5\"></span>3,5 </span>milioni di euro (6,4 milioni di eu<span class=\"_ _3\"></span>ro al 31 dicembre 2023). Sono  riport<span class=\"_ _3\"></span>ate  le <span class=\"_ _f\"> </span>passivit\u00e0  finanziarie  di<span class=\"_ _3\"></span>stinte  per <span class=\"_ _f\"> </span>natura  al  31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>202<span class=\"_ _5\"></span>4,  con <span class=\"_ _f\"> </span>indicazione  d<span class=\"_ _3\"></span>elle  fasce  di<span class=\"_ _1\"></span> scadenza: TIPOLOGIA IMPORTO RESI<span class=\"_ _3\"></span>DUO 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>QUOTA ENTRO ESERCIZIO QUOTA ENTRO 2\u00b0 ANNO QUOTA ENTRO 5\u00b0 ANNO QUOTA OLTRE 5\u00b0 ANNO Prestiti obbligazion<span class=\"_ _3\"></span>ari 3.414,4 14,9 318,7 1.457,8 1.623,0 Finanziamenti 1.148,9 435,1 112,1 163,5 438,2 Opzioni di vendita <span class=\"_ _3\"></span>soci di minoranza 290,8 251,2 \u2010<span class=\"ff4\"> </span>39,6 \u2010<span class=\"ff4\"> </span>Debiti per acquisizi<span class=\"_ _3\"></span>one partecipazioni di co<span class=\"_ _3\"></span>ntrollo e corrispettivi potenzi<span class=\"_ _3\"></span>ali 22,2 20,8 0,4 1,0 \u2010<span class=\"ff4\"> </span>Altri debiti finanziari<span class=\"_ _3\"></span> 353,1 352,8 0,1 0,1 0,1 Scoperti di conto c<span class=\"_ _3\"></span>orrente e interessi passivi 151,9 151,9 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Totale 5.381,3 1.226,7 431,3 1.662,0 2.061,3 Nella <span class=\"_ _d\"> </span>t<span class=\"_ _5\"></span>abella <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>segue <span class=\"_ _d\"> </span>viene <span class=\"_ _f\"> </span>rappresentato <span class=\"_ _d\"> </span>il <span class=\"_ _f\"> </span>worst<span class=\"_ _5\"></span>-case <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>cenario <span class=\"_ _d\"> </span>dove <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>(liquidit\u00e0, <span class=\"_ _d\"> </span>crediti <span class=\"_ _f\"> </span>finanziari <span class=\"_ _d\"> </span>e commerciali) <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>prese <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>considerazione,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>mentre <span class=\"_ _6\"></span>veng<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>riportat<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>passi<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _6\"></span>finanziarie<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>obbligazioni, finanziamenti e scoperti di conto corrente, nella quota capitale e interessi, i debiti commerci<span class=\"_ _3\"></span>ali e <span class=\"_ _5\"></span>le quote interessi dei contratti derivati su <span class=\"_ _5\"></span>tassi. \u00c8 <span class=\"_ _5\"></span>stata ipotizzata la revoca <span class=\"_ _5\"></span>a vista delle <span class=\"_ _5\"></span>linee finanziarie, mentre per i f<span class=\"_ _5\"></span>inanziamenti \u00e8 stato ipotizzato il rimborso a<span class=\"_ _3\"></span>lla prima data prevista<span class=\"_ _3\"></span> dai termini contratt<span class=\"_ _3\"></span>uali<span class=\"_ _5\"></span>. WORST CASE SC<span class=\"_ _3\"></span>ENARIO 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>(MLN/EURO) DA 1 A 3 MESI OLTRE 3 MESI FINO A 1 ANNO DA 1 A 2 ANNI DA 1 A 3 MESI OLTRE 3 MESI FINO A 1 ANNO DA 1 A 2 ANNI Obbligazioni 31,1 102,3 412,2 33,2 536,2 102,3 Debiti e altre passivit\u00e0 fin<span class=\"_ _3\"></span>anziarie 163,7 458,7 70,1 98,0 81,9 444,9 Debiti verso fornitori<span class=\"_ _3\"></span> 2.723,9 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>2.637,2 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Totale 2.918,8 561,0 482,3 2.768,4 618,1 547,2 Le d<span class=\"_ _5\"></span>isponibilit\u00e0 liquide e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>linee di <span class=\"_ _5\"></span>credito attuali, <span class=\"_ _5\"></span>oltre <span class=\"_ _5\"></span>alle risorse <span class=\"_ _5\"></span>generate dall\u2019attivit\u00e0 operativa <span class=\"_ _5\"></span>e di <span class=\"_ _5\"></span>finanziament<span class=\"_ _6\"></span><span class=\"ff1\">o,<span class=\"_ _3\"></span> </span>sono <span class=\"_ _6\"></span>giudicate <span class=\"_ _6\"></span>sufficienti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>far <span class=\"_ _6\"></span>fronte <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fabbisogni <span class=\"_ _6\"></span>finanziari <span class=\"_ _6\"></span>futuri. <span class=\"_ _d\"> </span>Di <span class=\"_ _6\"></span>seguito <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>riepilogo <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>credito <span class=\"_ _6\"></span>a disposizione al 31 di<span class=\"_ _3\"></span>cembre 2024<span class=\"ff5\">, confrontate con l\u2019esercizio<span class=\"_ _3\"></span> precedente:<span class=\"ff1\"> </span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Committed 1.005,0 1.565,0 Uncommited 720,0 752,0 Totale 1.725,0 2.317,0 Le<span class=\"ls0\"> <span class=\"_ _6\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>credito <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>distribuite <span class=\"_ _6\"></span>fra <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>principali <span class=\"_ _6\"></span>istituti <span class=\"_ _6\"></span>bancari <span class=\"_ _6\"></span>italiani <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>internazionali <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>consentono <span class=\"_ _d\"> </span><span class=\"ff5\">un\u2019adeguata </span></span>diversificazione del<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>rischio <span class=\"_ _5\"></span>controparte <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>condizioni <span class=\"_ _5\"></span>competitive.<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">Ne<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>202</span>4, <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>particolare, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>stata utilizzata <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>linea <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>credito <span class=\"_ _d\"> </span>contrattualizzata <span class=\"_ _d\"> </span>nel <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>precedente<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>con<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>Banca <span class=\"_ _d\"> </span>europea <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>gli <span class=\"_ _d\"> </span>investimenti<span class=\"ls25\">, </span>mediante  l\u2019a<span class=\"_ _3\"></span>cce<span class=\"ff1\">nsione  di  un <span class=\"_ _f\"> </span>finanziamento  per  460  mil<span class=\"_ _3\"></span>ioni  di <span class=\"_ _f\"> </span>euro,  come  riportato <span class=\"_ _f\"> </span>nel  commento  sui  <span class=\"ff5\">\u201cPrestiti<span class=\"_ _3\"></span> </span></span>obbligazionari e finan<span class=\"_ _3\"></span>ziamenti<span class=\"ff5 lsd\">\u201d.</span> Fidejussioni e garan<span class=\"_ _3\"></span>zie prestate 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Fidejussioni e gara<span class=\"_ _3\"></span>nzie bancarie 3.054,4 2.951,4 Fidejussioni e gara<span class=\"_ _3\"></span>nzie assicurative 827,5 987,5 Totale 3.881,9 3.938,9<span class=\"_ _75\"> </span> 332<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>\u201cFidejussioni <span class=\"_ _e\"> </span>e <span class=\"_ _f\"> </span>gar<span class=\"_ _3\"></span>anzie <span class=\"_ _d\"> </span>bancarie\u201d, <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _7\"></span><span class=\"ff1\">4<span class=\"ls1e\">, <span class=\"_ _f\"> </span></span>confro<span class=\"_ _3\"></span>ntato <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>precedente, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>cos\u00ec </span>composto: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Fidejussioni ban<span class=\"_ _3\"></span>carie 1.023,2 1.075,8 Lettere di patronag<span class=\"_ _3\"></span>e 2.031,2 1.875,6 Totale 3.054,4 2.951,4<span class=\"_ _75\"> </span> In particolare: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le <span class=\"_ _d\"> </span>fidejussioni <span class=\"_ _d\"> </span>bancarie <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>sottoscritte <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>favore <span class=\"_ _d\"> </span>di  <span class=\"ff5\">enti <span class=\"_ _e\"> </span>pubblici <span class=\"_ _d\"> </span>(Ministero <span class=\"_ _d\"> </span>dell\u2019ambiente <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _d\"> </span>sicurezza </span></span></span>energetica,  Regioni,<span class=\"_ _3\"></span>  Province  e  Comuni) <span class=\"_ _f\"> </span>e  di  privati  a  garanzia  della  corretta<span class=\"_ _3\"></span>  gestione  di  impianti <span class=\"_ _f\"> </span>per <span class=\"_ _4\"> </span>il trattamento <span class=\"_ _2\"> </span>e <span class=\"_ _1d\"> </span>lo <span class=\"_ _2\"> </span>sma<span class=\"_ _5\"></span>ltimento<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>di <span class=\"_ _2\"> </span>rifiuti, <span class=\"_ _1d\"> </span>della <span class=\"_ _2\"> </span>corretta <span class=\"_ _2\"> </span>e<span class=\"_ _5\"></span>secuzione <span class=\"_ _2\"> </span>di <span class=\"_ _1d\"> </span>servizi <span class=\"_ _2\"> </span>inerenti <span class=\"_ _1d\"> </span>l<span class=\"_ _3\"></span>o <span class=\"_ _1d\"> </span>smaltim<span class=\"_ _3\"></span>ento <span class=\"_ _1d\"> </span>e l\u2019intermediazione dei r<span class=\"_ _5\"></span>ifiuti, per <span class=\"_ _5\"></span>lavori di b<span class=\"_ _5\"></span>onifica e per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corretto assolvimento di <span class=\"_ _5\"></span>impegni contrattuali<span class=\"_ _7\"></span><span class=\"ff1\"> s<span class=\"_ _5\"></span>ui mercati </span>all\u2019ingrosso delle commo<span class=\"_ _3\"></span>dity energetich<span class=\"_ _3\"></span>e<span class=\"_ _5\"></span><span class=\"ff1\">; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le <span class=\"_ _5\"></span>lettere d<span class=\"_ _5\"></span>i patronage <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>rilasciate <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>garanzia del <span class=\"_ _5\"></span>puntuale p<span class=\"_ _5\"></span>agamento<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>approvvigionamenti<span class=\"_ _3\"></span> </span></span>di materie prime e di servi<span class=\"_ _3\"></span>zi di trasporto e distrib<span class=\"_ _3\"></span>uzione di commodity energet<span class=\"_ _3\"></span>iche<span class=\"_ _5\"></span>. \u201cFidejussioni e <span class=\"_ _5\"></span>garanzie assicurative\u201d, rilasciate a<span class=\"_ _5\"></span> favore <span class=\"_ _5\"></span>di enti <span class=\"_ _5\"></span>pubblici (<span class=\"_ _5\"></span>Provi<span class=\"_ _3\"></span>nce, <span class=\"_ _5\"></span>Comuni e <span class=\"_ _5\"></span>Ministero dell\u2019ambiente<span class=\"_ _7\"></span><span class=\"ff1\"> </span>e <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>sicurezza <span class=\"_ _5\"></span>energetica)<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>terzi <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>garanzia <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>corretta <span class=\"_ _5\"></span>ges<span class=\"_ _5\"></span>tione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>pubblica <span class=\"_ _7\"></span>utilit\u00e0, <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di smaltimento r<span class=\"_ _5\"></span>ifiuti, <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>corretta <span class=\"_ _5\"></span>esecuzione <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>opere d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>attraversament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>condutture <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>propriet\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>privati, d<span class=\"_ _5\"></span>i lavori di bonifica, di im<span class=\"_ _3\"></span>pianti per il trattame<span class=\"_ _3\"></span>nto e lo smaltimento di<span class=\"_ _3\"></span> rifiuti<span class=\"_ _5\"></span>. Si <span class=\"_ _e\"></span>segnala, <span class=\"_ _6\"></span>infine, <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _e\"></span>2024 <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>Hera <span class=\"_ _6\"></span>ha <span class=\"_ _e\"></span>prestato <span class=\"_ _e\"></span>garanzie <span class=\"_ _6\"></span>reali <span class=\"_ _6\"></span>destinate <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>fornire <span class=\"_ _6\"></span>idonea copertura ad alcuni fin<span class=\"_ _3\"></span>anziamenti bancari, per complessivi 11,1 milioni di<span class=\"_ _3\"></span> euro. 20  Flussi mon<span class=\"_ _3\"></span>etari dell\u2019atti<span class=\"_ _3\"></span>vit\u00e0 di finanzia<span class=\"_ _3\"></span>mento<span class=\"ff8\"> </span>Variazione delle passiv<span class=\"_ _3\"></span>it\u00e0 finanziarie Di seguito si r<span class=\"_ _5\"></span>iportano<span class=\"_ _3\"></span> le <span class=\"_ _5\"></span>informazioni<span class=\"_ _3\"></span> sulle variazioni delle passivit\u00e0 finanziari<span class=\"_ _5\"></span><span class=\"ff5\">e <span class=\"_ _5\"></span>intercorse nell\u2019esercizio 202</span>4, distinte tra flussi monetari e <span class=\"_ _3\"></span>flussi non monetari.<span class=\"_ _75\"> </span> TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. (A) FLUSSI NON MON<span class=\"_ _3\"></span>ETARI FLUSSI MONETARI (F)=(A)-<span class=\"_ _75\"> </span>[(B)+(C)+(D)<span class=\"_ _75\"> </span>+(E)] ACQUISIZIONI  CESSIONI (B) COMPONENTI ECONOMICHE VALUTATIVE (C) VARIAZIONI FAIR VALUE (D) ALTRE VARIAZIONI (E) Passivit\u00e0 finanziarie non correnti 4.154,6 4.421,7 (267,1) 11,2 38,8 (49,9) (730,4) 463,2 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 1.226,7 890,8 335,9 0,6 3,1 21,2 563,9 (252,9) Flussi relativi a passivit\u00e0 finanziarie 5.381,3 5.312,5 68,8 11,8 41,9 (28,7) (166,5) 210,3 di cui Nuove emissioni di <span class=\"_ _3\"></span>debiti finanziari a lun<span class=\"_ _3\"></span>go termine 471,1 Rimborsi di debiti f<span class=\"_ _3\"></span>inanziari non corr<span class=\"_ _3\"></span>enti (7,9) Rimborsi e altre <span class=\"_ _3\"></span>variazioni nette di debiti <span class=\"_ _3\"></span>finanziari (252,9) Passivit\u00e0 per leasing 79,1 81,3 (2,2) 1,7 \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>16,7 (20,6) Passivit\u00e0 finanziarie derivanti da attivit<span class=\"_ _3\"></span>\u00e0 di finanziament<span class=\"_ _3\"></span>o 5.460,4 5.393,8 66,6 13,5 41,9 (28,7) (149,8) 189,7 \u201cAcquisizioni <span class=\"_ _6\"> </span>e <span class=\"_ _d\"> </span>cessioni\u201d <span class=\"_ _e\"> </span>accolgono<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"> </span>dalle <span class=\"_ _e\"> </span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>acquisizione <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span><span class=\"ff1\">controllo <span class=\"_ _e\"></span>effettuate <span class=\"_ _e\"></span>nel </span>corso <span class=\"_ _10\"> </span>dell\u2019esercizio <span class=\"_ _8\"> </span>20<span class=\"_ _3\"></span>24, <span class=\"_ _8\"> </span>come <span class=\"_ _10\"> </span>illustrato <span class=\"_ _10\"> </span>nel<span class=\"_ _5\"></span>la <span class=\"_ _8\"> </span>sezio<span class=\"_ _3\"></span>ne <span class=\"_ _8\"> </span>\u201cBusines<span class=\"_ _3\"></span>s <span class=\"_ _8\"> </span>combin<span class=\"_ _3\"></span>ation <span class=\"_ _10\"> </span>(<span class=\"_ _5\"></span>informazioni<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>integrativ<span class=\"_ _3\"></span>e)\u201d<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _8\"> </span>del<span class=\"_ _3\"></span> </span>paragrafo <span class=\"ff5\">2.02.10 \u201cA</span>ltre inform<span class=\"_ _3\"></span>azioni<span class=\"ff5 lsd\">\u201d.<span class=\"_ _75\"> </span></span> <div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">333<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cComponenti economi<span class=\"_ _3\"></span>che valutative\u201d si riferisc<span class=\"_ _3\"></span>ono <span class=\"_ _5\"></span><span class=\"ff1 ls10\">a:<span class=\"ls0\"> </span></span></div><div class=\"t m0 x23 h5a y26d ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">oneri <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _7\"></span>ammortizzato d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>bond <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>finanziamen<span class=\"_ _3\"></span>ti <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>30,3 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _7\"></span>come <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>alla </span></span></div><div class=\"t m0 x63 h3 y12e5 ff1 fs1 fc1 sc0 ls0 ws0\">nota 10 <span class=\"ff5\">\u201cOneri finanziari\u201d<span class=\"_ _3\"></span>;<span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h5a y26f ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">oneri  da  attuali<span class=\"_ _3\"></span>zzazione  correlati <span class=\"_ _f\"> </span>al<span class=\"_ _5\"></span>le  opzio<span class=\"_ _3\"></span>ni  di  vendita  dell<span class=\"_ _3\"></span>e  partecipazioni <span class=\"_ _f\"> </span>di  minoranza  e  agli <span class=\"_ _f\"> </span>earn<span class=\"_ _6\"></span>-out </span></span></div><div class=\"t m0 x63 h3 y270 ff1 fs1 fc1 sc0 ls0 ws0\">contrattualizzati <span class=\"_ _5\"></span>in sede <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione del <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>imprese <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>rami <span class=\"_ _5\"></span>aziendali, <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>11,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>m<span class=\"_ _3\"></span>e </div><div class=\"t m0 x63 h3 yb58 ff1 fs1 fc1 sc0 ls0 ws0\">riportato alla nota <span class=\"_ _3\"></span>10<span class=\"_ _5\"></span> <span class=\"ff5\">\u201cOneri fin<span class=\"_ _3\"></span>anziari\u201d<span class=\"ff1\">. </span></span></div><div class=\"t m0 x23 h3 y79b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y79c ff5 fs1 fc1 sc0 ls0 ws0\">\u201cVariazioni<span class=\"ff1\"> </span>fair value\u201d<span class=\"ff1\"> accolgono<span class=\"_ _3\"></span> principalmente: </span></div><div class=\"t m0 x23 h5a ycf1 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">l\u2019adeguamento<span class=\"ff1\">  al  fair  value <span class=\"_ _4\"> </span><span class=\"lse\">de<span class=\"_ _5\"></span></span></span>l  valore  contabile  dell\u2019opzione  di  vendita  iscritta  nei  c<span class=\"_ _5\"></span>onfronti  del  socio  di </span></span></div><div class=\"t m0 x63 h3 y145b ff1 fs1 fc1 sc0 ls0 ws0\">minoranza <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>EstEnergy <span class=\"_ _5\"></span>Spa <span class=\"_ _6\"></span><span class=\"ff5\">ch<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>comportato <span class=\"_ _7\"></span>l\u2019iscrizione <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>proventi <span class=\"_ _6\"></span><span class=\"ff1\">per <span class=\"_ _7\"></span><span class=\"ls10\">47</span>,8 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>riportato </span></span></div><div class=\"t m0 x63 h3 y10ec ff5 fs1 fc1 sc0 ls0 ws0\">alla nota 19 \u201cPassivit<span class=\"_ _3\"></span>\u00e0 finanziarie\u201d;<span class=\"_ _75\"> </span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a y11af ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">la <span class=\"_ _7\"></span>rettifica <span class=\"_ _7\"></span>apportata <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>contabile <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>prestito <span class=\"_ _5\"></span>obbligazionario <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>valuta <span class=\"_ _6\"></span>(rimbors<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>cor<span class=\"_ _3\"></span>so </span></span></div><div class=\"t m0 x63 h3 y1107 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019esercizio 2024)<span class=\"ff1\"> per effetto della relazione di copertura<span class=\"_ _3\"></span> in fair value hedge e <span class=\"_ _7\"></span><span class=\"ff5\">che ha comportato l\u2019iscrizione di </span></span></div><div class=\"t m0 x63 h3 y10ee ff1 fs1 fc1 sc0 ls0 ws0\">oneri per <span class=\"lse\">21</span>,2 milioni di euro<span class=\"ff5\">, come riportat<span class=\"_ _3\"></span>o alla nota 29 \u201cStrum<span class=\"_ _3\"></span>enti derivati\u201d<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span></div><div class=\"t m0 x23 h3 y10ef ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1108 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltre variazioni\u201d, ac<span class=\"_ _3\"></span>colgono gli effetti do<span class=\"_ _3\"></span>vuti principalmente a:<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a y1d7e ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">iscrizione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>importi <span class=\"_ _5\"></span>relativi <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>settlement <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>154,1 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>nella <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>\u201cDebiti <span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>mmerciali\u201d, co<span class=\"_ _5\"></span>me </span></span></div><div class=\"t m0 x63 h3 yd8f ff5 fs1 fc1 sc0 ls0 ws0\">meglio precisato nel p<span class=\"_ _3\"></span>aragrafo 2.02.01 \u201cIntro<span class=\"_ _3\"></span>duzione\u201d;<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a yd40 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">pagamento <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>dividendi <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>soci <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _6\"></span><span class=\"ff5\">con <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>quali <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>Gruppo, <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>momento <span class=\"_ _7\"></span>dell\u2019acq<span class=\"_ _5\"></span></span>uisizione <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>controllo, </span></span></div><div class=\"t m0 x63 h3 y4fd ff1 fs1 fc1 sc0 ls0 ws0\">ha <span class=\"_ _6\"></span>contrattualizzato <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>opzioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>endita, <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>9,5 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro<span class=\"ls16\">. <span class=\"_ _e\"></span></span>Nello <span class=\"_ _6\"></span>schema <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rendiconto <span class=\"_ _6\"></span>finanziario <span class=\"_ _6\"></span>il </div><div class=\"t m0 x63 h3 y4fe ff1 fs1 fc1 sc0 ls0 ws0\">relativo <span class=\"_ _5\"></span>flusso d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>cassa <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>classificato <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>dividendi <span class=\"_ _5\"></span>pagati, <span class=\"_ _5\"></span>pur <span class=\"_ _7\"></span>essendo <span class=\"_ _5\"></span>rappresentat<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>contabilmente come <span class=\"_ _6\"></span>una<span class=\"_ _3\"></span> </div><div class=\"t m0 x63 h3 y4ff ff1 fs1 fc1 sc0 ls0 ws0\">variazione <span class=\"_ _8\"> </span>della <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>finanziaria<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>gi\u00e0 <span class=\"_ _8\"> </span>iscritta <span class=\"_ _8\"> </span>(tale <span class=\"_ _2\"> </span><span class=\"ff5\">meccanismo <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>illustrat<span class=\"_ _3\"></span>o <span class=\"_ _8\"> </span>nella <span class=\"_ _8\"> </span>nota <span class=\"_ _8\"> </span>19 <span class=\"_ _8\"> </span>\u201cPassivit\u00e0 </span></div><div class=\"t m0 x63 h3 y500 ff5 fs1 fc1 sc0 ls0 ws0\">finanziarie\u201d<span class=\"ff1\">); </span></div><div class=\"t m0 x23 h5a yf86 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">iscrizione d<span class=\"_ _5\"></span>ei <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>leasing <span class=\"_ _5\"></span><span class=\"ff5\">sottoscritti <span class=\"_ _5\"></span>nell\u2019esercizio e <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>imisurazio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>debito <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>contratti </span></span></span></div><div class=\"t m0 x63 h3 yf87 ff1 fs1 fc1 sc0 ls0 ws0\">in <span class=\"_ _5\"></span>essere <span class=\"_ _7\"></span>generat<span class=\"_ _3\"></span>a <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>un a<span class=\"_ _5\"></span>ggiornamento delle <span class=\"_ _5\"></span>ipotesi <span class=\"_ _5\"></span>sottostanti <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>opzioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>innovo, acquisto <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>recesso </div><div class=\"t m0 x63 h3 yb0c ff1 fs1 fc1 sc0 ls0 ws0\">anticipato<span class=\"ff5\">, come riportat<span class=\"_ _3\"></span>o alla nota 22 \u201cDiritti d<span class=\"_ _3\"></span>\u2019uso e passivit\u00e0 per le<span class=\"_ _3\"></span>asing\u201d.<span class=\"_ _75\"> </span></span><span class=\"ff5\"><span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h3 yf88 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c yf89 ff3 fs1 fc1 sc0 ls0 ws0\">Acquisto quote di parte<span class=\"_ _3\"></span>cipazioni in imprese con<span class=\"_ _3\"></span>solidate </div><div class=\"t m0 x23 h3 y12b3 ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>iferisc<span class=\"lse\">e <span class=\"_ _6\"></span></span><span class=\"ff5\">all\u2019esborso <span class=\"_ _6\"></span>correlato <span class=\"_ _e\"> </span>all\u2019acquisto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>quote <span class=\"_ _6\"> </span>non <span class=\"_ _e\"> </span>di <span class=\"_ _6\"> </span>controllo <span class=\"_ _6\"> </span>nella <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>ociet\u00e0 <span class=\"_ _d\"> </span></span>Uniflotte <span class=\"_ _6\"></span>Srl, <span class=\"_ _e\"></span>mentre <span class=\"_ _6\"></span>il </div><div class=\"t m0 x23 h3 yf8a ff5 fs1 fc1 sc0 ls0 ws0\">valore dell\u2019esercizio <span class=\"_ _3\"></span>precedente si riferisce<span class=\"_ _3\"></span> all\u2019acquisto delle quot<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span><span class=\"ff1\">ne<span class=\"_ _5\"></span>lla societ\u00e0 T<span class=\"_ _3\"></span>ri-Generazione Scarl. </span></div><div class=\"t m0 x23 h3 yf8b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y12b4 ff3 fs1 fc1 sc0 ls0 ws0\">Aumento capitale soci<span class=\"_ _3\"></span>ale minoranze </div><div class=\"t m0 x23 h3 yc76 ff1 fs1 fc1 sc0 ls16 ws0\">Il<span class=\"ls0\"> <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"> </span>si <span class=\"_ _d\"> </span>riferisce, <span class=\"_ _e\"> </span>tra <span class=\"_ _d\"> </span>gli <span class=\"_ _e\"></span>altri, <span class=\"_ _d\"> </span><span class=\"ff5\">all\u2019aumento <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>capitale <span class=\"_ _e\"> </span>sociale <span class=\"_ _e\"> </span>sottoscritto <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>versato <span class=\"_ _e\"> </span>dai <span class=\"_ _e\"> </span>soci <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>minoranza <span class=\"_ _e\"> </span>della </span></span></div><div class=\"t m0 x23 h3 yc77 ff1 fs1 fc1 sc0 ls0 ws0\">societ\u00e0  <span class=\"ff5\">Horowatt  Srl,  mentre  il  valore  dell\u2019esercizio  precedente  si  riferisce  all\u2019aumento  sotto<span class=\"_ _3\"></span>scritto  dai  soci  di </span></div><div class=\"t m0 x23 h3 yc78 ff1 fs1 fc1 sc0 ls0 ws0\">minoranza della societ<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>A.C.R. di R<span class=\"_ _3\"></span>eggiani Albertino Spa.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h3 yf8c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c yf8d ff3 fs1 fc1 sc0 ls0 ws0\">Dividendi pagati ad azioni<span class=\"_ _3\"></span>sti Hera e intere<span class=\"_ _3\"></span>ssenze di minoranza </div><div class=\"t m0 x23 h3 y1693 ff5 fs1 fc1 sc0 ls0 ws0\">Il valore si riferisce a<span class=\"_ _3\"></span>i dividendi pagati nel c<span class=\"_ _3\"></span>orso dell\u2019esercizio 20<span class=\"_ _3\"></span>2<span class=\"_ _5\"></span><span class=\"ff1\">4 <span class=\"ls10\">a:</span> </span></div><div class=\"t m0 x23 h5a ye83 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">soci della Capogruppo <span class=\"_ _3\"></span>per 201,9 milioni di euro; </span></span></div><div class=\"t m0 x23 h5a y16d4 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">soci <span class=\"_ _5\"></span>di mino<span class=\"_ _5\"></span>ranza per <span class=\"_ _5\"></span>46,9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di euro, <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>9,5<span class=\"_ _5\"></span> milioni <span class=\"_ _5\"></span>di euro <span class=\"_ _5\"></span>corrisposti <span class=\"_ _5\"></span>ai s<span class=\"_ _5\"></span>oci di <span class=\"_ _5\"></span>minoranza<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>nei c<span class=\"_ _5\"></span>onfronti </span></span></div><div class=\"t m0 x63 h3 y16d5 ff1 fs1 fc1 sc0 ls0 ws0\">dei  quali  il <span class=\"_ _4\"> </span>Gruppo  ha  r<span class=\"_ _5\"></span>ilevato  negli  esercizi  precedenti  debiti  per  opzioni  di  vendita<span class=\"_ _6\"></span>,<span class=\"_ _3\"></span>  come  co<span class=\"_ _5\"></span>mmentato<span class=\"_ _3\"></span> </div><div class=\"t m0 x63 h3 y1617 ff1 fs1 fc1 sc0 ls0 ws0\">precedentemente. </div><div class=\"t m0 x23 h3 y12e4 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y16d6 ff1 fs1 fc1 sc0 ls0 ws0\">Si segnala, infine, ch<span class=\"_ _3\"></span>e non s<span class=\"ff5\">ono presenti nell\u2019esercizio <span class=\"_ _3\"></span>202<span class=\"ff1\">4<span class=\"_ _5\"></span> flussi non m<span class=\"_ _3\"></span>onetari dovuti a differe<span class=\"_ _3\"></span>nze cambio. </span></span></div><div class=\"t m0 x23 h3 ycd ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y16d7 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1432 ff8 fsa fc2 sc0 lsb ws0\">2.02.05 <span class=\"ls0\">- Attivit\u00e0 di in<span class=\"_ _3\"></span>vestimen<span class=\"_ _3\"></span>to </span></div><div class=\"t m0 x23 h3 yb6f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yb70 ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _5\"></span>asset <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>incrementano <span class=\"_ _5\"></span><span class=\"ff5\">rispetto <span class=\"_ _5\"></span>all\u2019esercizio <span class=\"_ _5\"></span></span>precedente <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>effetto d<span class=\"_ _5\"></span>ei <span class=\"_ _5\"></span>nuovi <span class=\"_ _5\"></span>investime<span class=\"_ _3\"></span>nti <span class=\"_ _5\"></span>realizzati </div><div class=\"t m0 x23 h3 yb71 ff1 fs1 fc1 sc0 ls0 ws0\">su  impianti,  reti  e  i<span class=\"_ _3\"></span>nfrastrutture,  oltre  agli  investimenti  effett<span class=\"_ _3\"></span>uati  per  gli  adegu<span class=\"_ _3\"></span>amenti  normativi  che  r<span class=\"_ _3\"></span>iguardano </div><div class=\"t m0 x23 h3 yb72 ff5 fs1 fc1 sc0 ls0 ws0\">soprattutto <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>distribuzione <span class=\"_ _6\"></span>gas <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>l\u2019ambit<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>depurativo <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>fognario<span class=\"_ _3\"></span>.<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>Si <span class=\"_ _6\"></span>evidenzia, <span class=\"_ _6\"></span>inoltre, <span class=\"_ _6\"></span></span>l\u2019iscrizion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>liste <span class=\"_ _7\"></span>cl<span class=\"_ _5\"></span>ienti <span class=\"_ _7\"></span>per </div><div class=\"t m0 x23 h3 y400 ff1 fs1 fc1 sc0 ls0 ws0\">11,4 <span class=\"_ _e\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>avviamenti <span class=\"_ _e\"> </span>per <span class=\"_ _e\"></span><span class=\"ls10\">24</span>,3 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>euro<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>relazione <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>operazioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>business <span class=\"_ _e\"> </span>combination </div><div class=\"t m0 x23 h3 y5b0 ff5 fs1 fc1 sc0 ls0 ws0\">realizzate nell\u2019eserci<span class=\"_ _3\"></span>zio.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y1d7f ff1 fs1 fc1 sc0 ls0 ws0\">Nelle <span class=\"_ _6\"></span>not<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span><span class=\"ff5\">seguenti <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>commentate <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>composizion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>principali <span class=\"_ _7\"></span>variazioni <span class=\"_ _7\"></span>all\u2019interno <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>ciascuna <span class=\"_ _6\"></span>categoria <span class=\"_ _7\"></span>di </span></div><div class=\"t m0 x23 h3 y12d1 ff1 fs1 fc1 sc0 ls0 ws0\">asset; <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>ulteriori <span class=\"_ _6\"></span>informazioni <span class=\"_ _6\"></span>circa <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>investimenti <span class=\"_ _6\"></span>realizzati <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>presenti <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>paragrafo </div><div class=\"t m0 x23 h3 y12d2 ff1 fs1 fc1 sc0 ls0 ws0\">1.06 <span class=\"ff5\">\u201cAnalisi per aree <span class=\"_ _3\"></span>strategiche d\u2019affari\u201d della<span class=\"_ _3\"></span> relazione sulla g<span class=\"_ _3\"></span>estione.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h3 y1d80 ff5 fs1 fc1 sc0 ls0 ws0\">Il valore di tutti <span class=\"_ _5\"></span>gli asset tangibili e intangibili, incluso l\u2019avviamento, \u00e8 stato assoggettato a test di impairment, per i <span class=\"_ _6\"></span><span class=\"ff1\">cui<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y12d4 ff5 fs1 fc1 sc0 ls0 ws0\">risultati si rinvia a qu<span class=\"_ _3\"></span>anto riportato alla nota 2<span class=\"_ _3\"></span>5 \u201cImpairment<span class=\"_ _5\"></span><span class=\"ff1\"> </span>test asset\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y12d5 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 yfaf ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>334<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>21  <span class=\"ls0\">Immobili, im<span class=\"_ _3\"></span>pianti e macchi<span class=\"_ _3\"></span>nari </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Terreni e fabbric<span class=\"_ _3\"></span>ati 663,3 635,7 27,6 Impianti e macchin<span class=\"_ _3\"></span>ari 1.126,9 1.067,9 59,0 Altri beni mobili 114,6 107,7 6,9 Immobilizzazioni in <span class=\"_ _3\"></span>corso 254,2 246,1 8,1 Totale asset operati<span class=\"_ _3\"></span>vi 2.159,0 2.057,4 101,6 Investimenti immobiliari<span class=\"_ _3\"></span> 1,7 1,9 (0,2) Totale 2.160,7 2.059,3 101,4 Gli <span class=\"_ _7\"></span>immobili, <span class=\"_ _5\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>macchi<span class=\"_ _5\"></span><span class=\"lse\">na</span><span class=\"ff5\">ri <span class=\"_ _7\"></span>(denominati <span class=\"_ _5\"></span>\u201cImmobilizzazioni <span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>teriali\u201d <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>prospetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>situazione <span class=\"_ _5\"></span>patrimon<span class=\"_ _5\"></span></span>iale-<span class=\"_ _75\"> </span>finanziaria <span class=\"_ _5\"></span>pubblicato <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>dicembre <span class=\"_ _7\"></span>2023) <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>esposti <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>etto <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>relativo <span class=\"_ _7\"></span>fondo <span class=\"_ _5\"></span>ammortamento <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>resentano <span class=\"_ _5\"></span>la seguente composizi<span class=\"_ _3\"></span>one e variazione: VALORE INIZIA<span class=\"_ _3\"></span>LE NETTO INVESTIMENTIDISINVESTIME<span class=\"_ _3\"></span>NTIAMMORTAMEN<span class=\"_ _3\"></span>TI E SVALUTAZIONIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOALTRE VARIAZIO<span class=\"_ _3\"></span>NIVALORE FINAL<span class=\"_ _3\"></span>E NETTO DI CUI VALORE FINALE LORDODI CUI FONDO AMMORTAMEN<span class=\"_ _3\"></span>TO31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Terreni e fabbric<span class=\"_ _3\"></span>ati 620,4 21,0 (0,5) (23,7) 8,4 10,1 635,7 955,0 (319,3) Impianti e macchin<span class=\"_ _3\"></span>ari 1.089,5 57,1 (7,8) (123,4) 5,5 47,0 1.067,9 3.152,4 (2.084,5) Altri beni mobili 89,5 22,0 (0,4) (24,2) 7,7 13,1 107,7 480,1 (372,4) Immobilizzazioni in <span class=\"_ _3\"></span>corso 183,0 142,6 (0,8) (0,9) 0,4 (78,2) 246,1 246,1 \u2010<span class=\"ff4\"> </span>Totale 1.982,4 242,7 (9,5) (172,2) 22,0 (8,0) 2.057,4 4.833,6 (2.776,2) 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>Terreni e fabbric<span class=\"_ _3\"></span>ati 635,7 15,2 (4,0) (22,6) 1,7 37,3 663,3 1.014,2 (350,9) Impianti e macchin<span class=\"_ _3\"></span>ari 1.067,9 79,3 (6,4) (130,5) 0,1 116,5 1.126,9 3.300,7 (2.173,8) Altri beni mobili 107,7 23,7 (0,4) (25,8) 0,7 8,7 114,6 508,5 (393,9) Immobilizzazioni in <span class=\"_ _3\"></span>corso 246,1 163,9 (0,2) \u2010<span class=\"ff4\"> </span>0,5 (156,1) 254,2 254,2 \u2010<span class=\"ff4\"> </span>Totale 2.057,4 282,1 (11,0) (178,9) 3,0 6,4 2.159,0 5.077,6 (2.918,6) \u201cTerreni <span class=\"_ _6\"> </span>e <span class=\"_ _e\"> </span>fabbricati\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _e\"> </span>costituiti <span class=\"_ _6\"> </span>per <span class=\"_ _d\"> </span><span class=\"ff1\">123,9 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>da <span class=\"_ _e\"> </span>terreni <span class=\"_ _e\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _d\"> </span>539,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>fabbricati. </span>Trattasi in via preval<span class=\"_ _3\"></span>ente di siti di propriet\u00e0 che accolgono gli impianti pr<span class=\"_ _3\"></span>oduttivi del Gruppo. \u201cImpianti <span class=\"_ _f\"> </span>e  macchin<span class=\"_ _3\"></span>ari\u201d,  a<span class=\"_ _3\"></span>ccolgono <span class=\"_ _f\"> </span>principalmente  l<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>reti  di <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>e  gli <span class=\"_ _f\"> </span>impianti  r<span class=\"_ _3\"></span>elativi <span class=\"_ _f\"> </span>ai  bus<span class=\"_ _3\"></span>iness  n<span class=\"_ _3\"></span>on rientranti <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>regime <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>concessione, <span class=\"_ _d\"> </span>quali <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>teleriscaldamento,<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>la <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>istribuzione <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _e\"> </span>sul <span class=\"_ _d\"> </span>territorio <span class=\"_ _d\"> </span>di Modena, <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>smaltimento <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>trattamento <span class=\"_ _6\"></span>rifiuti, <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>produzione <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>materie <span class=\"_ _6\"></span>plastiche. <span class=\"_ _6\"></span>I <span class=\"_ _6\"></span>principali investimenti <span class=\"_ _e\"> </span>dell\u2019esercizio <span class=\"_ _e\"> </span>riguardano <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>trattamento <span class=\"_ _e\"> </span>rifiuti <span class=\"_ _d\"> </span>per <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>ammontare <span class=\"_ _e\"> </span>di  <span class=\"ff1\">3<span class=\"_ _3\"></span>7,7 <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>euro<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _d\"> </span></span>la </span>distribuzione d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>energia e<span class=\"_ _5\"></span>lettrica per <span class=\"_ _7\"></span>15,4<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ls10\">e </span>i<span class=\"_ _5\"></span>nvestimenti nei <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>energia <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>ammontare <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>15,6 milioni <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>euro, <span class=\"_ _d\"> </span>sostenuti <span class=\"_ _d\"> </span>principalmente <span class=\"_ _e\"></span>dalla <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _d\"> </span>Hera <span class=\"_ _e\"> </span>Servizi <span class=\"_ _d\"> </span>Energia <span class=\"_ _d\"> </span>Spa. <span class=\"_ _e\"> </span>I <span class=\"_ _d\"> </span>disinvestimenti <span class=\"_ _e\"> </span>rappresentano demolizioni e dismis<span class=\"_ _3\"></span>sioni di impianti obsole<span class=\"_ _3\"></span>ti<span class=\"_ _5\"></span> o danneggiati. \u201cAltri  beni  mobili\u201d, <span class=\"_ _f\"> </span>co<span class=\"_ _5\"></span>mprend<span class=\"_ _3\"></span>ono  in  via  prevalente,  co<span class=\"_ _3\"></span>n  riferimento  ai <span class=\"_ _f\"> </span>business  non  ancora  andati  a  ga<span class=\"_ _3\"></span>ra  per l\u2019affidamento del s<span class=\"_ _3\"></span>ervizio, attrezzature e c<span class=\"_ _3\"></span>assonetti per la raccolt<span class=\"_ _3\"></span>a rifiuti per <span class=\"_ _5\"></span><span class=\"ff1\">68,7 milioni di euro e a<span class=\"_ _3\"></span>utomezzi per 45,9 </span>milioni di euro. \u201cImmobilizzazioni <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>corso\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"> </span>cost<span class=\"_ _5\"></span>ituite <span class=\"_ _6\"></span>principalmente<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>dagli <span class=\"_ _6\"></span>investimenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>via <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>realizzazione<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i<span class=\"_ _5\"></span>mpianti <span class=\"_ _6\"></span>di </span>trattamento rif<span class=\"_ _5\"></span>iuti p<span class=\"_ _5\"></span>er 1<span class=\"_ _5\"></span>21,6 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>sviluppo <span class=\"_ _5\"></span>della rete <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>teleriscaldamento p<span class=\"_ _5\"></span>er 2<span class=\"_ _5\"></span>8,4 <span class=\"_ _5\"></span>milioni, oltre <span class=\"_ _5\"></span>che per <span class=\"ff5\">la rete di distribuzi<span class=\"_ _3\"></span>one dell\u2019energia elet<span class=\"_ _3\"></span>trica per<span class=\"_ _5\"></span><span class=\"ff1\"> 24,4 milioni <span class=\"_ _3\"></span>di euro. </span></span>Nelle \u201cAltre variazioni\u201d sono rappresentate le riclassifiche<span class=\"_ _3\"></span> dalle immobilizzazioni in corso alle specifiche categorie per<span class=\"_ _3\"></span> i <span class=\"_ _6\"></span>cespiti <span class=\"_ _7\"></span>entrati <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>n <span class=\"_ _6\"></span>fu<span class=\"_ _3\"></span>nzione <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orso <span class=\"_ _7\"></span>dell\u2019esercizio <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>d <span class=\"_ _7\"></span>eventuali <span class=\"_ _6\"></span>riclassifi<span class=\"_ _3\"></span>che<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span></span>da <span class=\"_ _6\"></span>diri<span class=\"_ _3\"></span>tti <span class=\"_ _6\"></span>d\u2019uso <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>da/a <span class=\"_ _6\"></span>immobilizzazion<span class=\"_ _3\"></span>i </span>immateriali, specie i<span class=\"_ _3\"></span>n presenza di beni ogget<span class=\"_ _3\"></span>to di attivit\u00e0 in conc<span class=\"_ _3\"></span>essione.<span class=\"_ _5\"></span> <div class=\"c w16 h39 gs26b\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs26c\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs26d\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs26e\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs26f\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs270\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">335<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y172 ff5 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _f\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>colonna <span class=\"_ _f\"> </span>\u201cVariazione <span class=\"_ _f\"> </span>dell\u2019area <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>consolidamento\u201d <span class=\"_ _f\"> </span>si  ri<span class=\"_ _3\"></span>manda <span class=\"_ _f\"> </span>a  qu<span class=\"_ _3\"></span>anto  r<span class=\"_ _3\"></span>iportato <span class=\"_ _4\"> </span>nella  s<span class=\"_ _3\"></span>ezione <span class=\"_ _f\"> </span>\u201cBusiness </div><div class=\"t m0 x23 h3 y173 ff5 fs1 fc1 sc0 ls0 ws0\">combination (inform<span class=\"_ _3\"></span>azioni integrative)\u201d conte<span class=\"_ _3\"></span>nuta nel<span class=\"_ _5\"></span><span class=\"ff1\"> paragrafo 2.02.10 </span>\u201c<span class=\"ff1\">Altr<span class=\"_ _3\"></span>e informazioni<span class=\"ff5\">\u201d</span>. </span></div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>disamina <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>ga<span class=\"_ _3\"></span>ranzie <span class=\"_ _7\"></span>real<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>pre<span class=\"_ _3\"></span>state <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>favori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ter<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>imm<span class=\"_ _3\"></span>obilizzazioni <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ateriali <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>etenute <span class=\"_ _7\"></span>dal </div><div class=\"t m0 x23 h3 y176 ff5 fs1 fc1 sc0 ls0 ws0\">Gruppo, si rimanda <span class=\"_ _3\"></span>alla nota 19 \u201cPassivit\u00e0 fin<span class=\"_ _3\"></span>anziarie\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1d8b ffd fsa fc2 sc0 ls0 ws0\">22  Diritti d\u2019u<span class=\"_ _3\"></span>so e <span class=\"ff8\">passivit\u00e0 per l<span class=\"_ _3\"></span>easing </span></div><div class=\"t m0 x23 h3 y47f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y480 ff1 fs1 fc1 sc0 ls10 ws0\">Le<span class=\"ls0\"> tabelle <span class=\"_ _5\"></span>seguenti r<span class=\"_ _5\"></span>iporta<span class=\"lse\">no</span> <span class=\"_ _5\"></span>la composizione dei<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">diritti d\u2019uso</span> <span class=\"_ _5\"></span>(esposti al<span class=\"_ _5\"></span> netto d<span class=\"_ _5\"></span>el relativo <span class=\"_ _5\"></span>fondo ammortamento)<span class=\"_ _5\"></span> <span class=\"_ _5\"></span></span>e <span class=\"ls0\">le </span></div><div class=\"t m0 x23 h3 y481 ff1 fs1 fc1 sc0 ls0 ws0\">passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>leasing, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>relativa <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vimentazione. <span class=\"_ _7\"></span>I <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>acquisiti <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>sede <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>business <span class=\"_ _7\"></span>combination <span class=\"_ _7\"></span>sono </div><div class=\"t m0 x23 h3 y482 ff5 fs1 fc1 sc0 ls0 ws0\">separatamente identifi<span class=\"_ _3\"></span>cati nella movime<span class=\"_ _3\"></span>ntazione e classificati <span class=\"_ _3\"></span>come \u201cVariazione dell\u2019ar<span class=\"_ _3\"></span>ea di consolidamento\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y483 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs631\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gs632\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gs633\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gs634\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso di terreni <span class=\"_ _3\"></span>e fabbricati </div></div><div class=\"c w111 h3c gs635\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">52,1 </div></div><div class=\"c w112 h3c gs636\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">59,1 </div></div><div class=\"c w111 h3c gs637\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(7,0) </div></div><div class=\"c w110 h3c gs638\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso di impi<span class=\"_ _3\"></span>anti e macchinari </div></div><div class=\"c w111 h3c gs639\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">5,4 </div></div><div class=\"c w112 h3c gs63a\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,4 </div></div><div class=\"c w111 h3c gs63b\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w110 h98 gs63c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso di altri <span class=\"_ _3\"></span>beni mobili </div></div><div class=\"c w111 h98 gs63d\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">26,7 </div></div><div class=\"c w112 h98 gs63e\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">25,1 </div></div><div class=\"c w111 h98 gs63f\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,6 </div></div><div class=\"c w110 h3c gs640\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs641\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">84,2 </div></div><div class=\"c w112 h3c gs642\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">90,6 </div></div><div class=\"c w111 h3c gs643\"><div class=\"t m0 x2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(6,4) </div></div><div class=\"c w8b h1f gs644\"><div class=\"t mb x16 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE INIZIA<span class=\"_ _3\"></span>LE </div><div class=\"t mb xa8 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w2f2 h1f gs645\"><div class=\"t mb xb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">NUOVI CONTRAT<span class=\"_ _3\"></span>TI </div><div class=\"t mb x16 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">E MODIFICHE </div><div class=\"t mb xa8 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONTRATTUALI</div><div class=\"t mb xa8 h13 ya58 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f3 h1f gs646\"><div class=\"t mb x32 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">AMMORTAMEN<span class=\"_ _3\"></span>TI E </div><div class=\"t mb xa8 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">SVALUTAZIONI</div><div class=\"t mb xa8 h13 y1d85 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f3 h1f gs647\"><div class=\"t mb xb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONE </div><div class=\"t mb x16 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DELL'AREA DI </div><div class=\"t mb xa8 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONSOLIDAME<span class=\"_ _3\"></span>NTO</div><div class=\"t mb xa8 h13 y1d8f ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w1ed h1f gs648\"><div class=\"t mb xa8 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE VARIAZIO<span class=\"_ _3\"></span>NI</div><div class=\"t mb xa8 h13 y1cd5 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f3 h1f gs649\"><div class=\"t mb x16 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE FINAL<span class=\"_ _3\"></span>E </div><div class=\"t mb xa8 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w2f3 h1f gs64a\"><div class=\"t mb x32 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DI CUI VALORE </div><div class=\"t mb xa8 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">FINALE LORDO</div><div class=\"t mb xa8 h13 y16a0 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w232 h1f gs64b\"><div class=\"t mb x32 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DI CUI FONDO </div><div class=\"t mb xa8 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">AMMORTAMEN<span class=\"_ _3\"></span>TO</div><div class=\"t mb xa8 h13 y1925 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f1 h3c gs64c\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2f1 h8e gs64d\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso di terreni <span class=\"_ _3\"></span>e </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">fabbricati </div></div><div class=\"c w8b h8e gs64e\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">50,7 </div></div><div class=\"c w2f2 h8e gs64f\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">10,1 </div></div><div class=\"c w2f3 h8e gs650\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(8,6) </div></div><div class=\"c w2f3 h8e gs651\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">6,9 </div></div><div class=\"c w1ed h8e gs652\"><div class=\"t m0 xb1 h335 y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2f3 h8e gs653\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">59,1 </div></div><div class=\"c w2f3 h8e gs654\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">104,1 </div></div><div class=\"c w232 h8e gs655\"><div class=\"t m0 xa5 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(45,0) </div></div><div class=\"c w2f1 h8e gs656\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso di impi<span class=\"_ _3\"></span>anti e </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">macchinari </div></div><div class=\"c w8b h8e gs657\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">7,1 </div></div><div class=\"c w2f2 h8e gs658\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">0,8 </div></div><div class=\"c w2f3 h8e gs659\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c w2f3 h8e gs65a\"><div class=\"t m0 xb1 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1ed h8e gs65b\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w2f3 h8e gs65c\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">6,4 </div></div><div class=\"c w2f3 h8e gs65d\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">12,5 </div></div><div class=\"c w232 h8e gs65e\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(6,1) </div></div><div class=\"c w2f1 h5f gs65f\"><div class=\"t m0 x0 hf y2e7 ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso di altri beni </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">mobili </div></div><div class=\"c w8b h5f gs660\"><div class=\"t m0 xa4 hf y1d90 ff4 fs3 fc10 sc0 ls0 ws0\">26,4 </div></div><div class=\"c w2f2 h5f gs661\"><div class=\"t m0 xa7 hf y1d90 ff4 fs3 fc10 sc0 ls0 ws0\">9,6 </div></div><div class=\"c w2f3 h5f gs662\"><div class=\"t m0 xa5 hf y1d90 ff4 fs3 fc10 sc0 ls0 ws0\">(10,6) </div></div><div class=\"c w2f3 h5f gs663\"><div class=\"t m0 xa7 hf y1d90 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w1ed h5f gs664\"><div class=\"t m0 xa6 hf y1d90 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w2f3 h5f gs665\"><div class=\"t m0 xa4 hf y1d90 ff4 fs3 fc10 sc0 ls0 ws0\">25,1 </div></div><div class=\"c w2f3 h5f gs666\"><div class=\"t m0 xa4 hf y1d90 ff4 fs3 fc10 sc0 ls0 ws0\">48,5 </div></div><div class=\"c w232 h5f gs667\"><div class=\"t m0 xa5 hf y1d90 ff4 fs3 fc10 sc0 ls0 ws0\">(23,4) </div></div><div class=\"c w2f1 h3c gs668\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w8b h3c gs669\"><div class=\"t m0 xa4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">84,2 </div></div><div class=\"c w2f2 h3c gs66a\"><div class=\"t m0 xa4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">20,5 </div></div><div class=\"c w2f3 h3c gs66b\"><div class=\"t m0 xa5 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(20,5) </div></div><div class=\"c w2f3 h3c gs66c\"><div class=\"t m0 xa7 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">7,0 </div></div><div class=\"c w1ed h3c gs66d\"><div class=\"t m0 xa6 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w2f3 h3c gs66e\"><div class=\"t m0 xa4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">90,6 </div></div><div class=\"c w2f3 h3c gs66f\"><div class=\"t m0 xa2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">165,1 </div></div><div class=\"c w232 h3c gs670\"><div class=\"t m0 xa5 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(74,5) </div></div><div class=\"c w2f1 h3c gs671\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2f1 h8e gs672\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso di terreni <span class=\"_ _3\"></span>e </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">fabbricati </div></div><div class=\"c w8b h8e gs673\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">59,1 </div></div><div class=\"c w2f2 h8e gs674\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">5,4 </div></div><div class=\"c w2f3 h8e gs675\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(8,7) </div></div><div class=\"c w2f3 h8e gs676\"><div class=\"t m0 xb1 h335 y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w1ed h8e gs677\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(3,7) </div></div><div class=\"c w2f3 h8e gs678\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">52,1 </div></div><div class=\"c w2f3 h8e gs679\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">102,8 </div></div><div class=\"c w232 h8e gs67a\"><div class=\"t m0 xa5 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(50,7) </div></div><div class=\"c w2f1 h8e gs67b\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso di impi<span class=\"_ _3\"></span>anti e </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">macchinari </div></div><div class=\"c w8b h8e gs67c\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">6,4 </div></div><div class=\"c w2f2 h8e gs67d\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2f3 h8e gs67e\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c w2f3 h8e gs67f\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w1ed h8e gs680\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(0,5) </div></div><div class=\"c w2f3 h8e gs681\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">5,4 </div></div><div class=\"c w2f3 h8e gs682\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">12,4 </div></div><div class=\"c w232 h8e gs683\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(7,0) </div></div><div class=\"c w2f1 h8e gs684\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso di altri <span class=\"_ _3\"></span>beni </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">mobili </div></div><div class=\"c w8b h8e gs685\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">25,1 </div></div><div class=\"c w2f2 h8e gs686\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">11,0 </div></div><div class=\"c w2f3 h8e gs687\"><div class=\"t m0 xa5 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(10,4) </div></div><div class=\"c w2f3 h8e gs688\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">1,6 </div></div><div class=\"c w1ed h8e gs689\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w2f3 h8e gs68a\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">26,7 </div></div><div class=\"c w2f3 h8e gs68b\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">46,6 </div></div><div class=\"c w232 h8e gs68c\"><div class=\"t m0 xa5 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(19,9) </div></div><div class=\"c w2f1 h3c gs68d\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w8b h3c gs68e\"><div class=\"t m0 xa4 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">90,6 </div></div><div class=\"c w2f2 h3c gs68f\"><div class=\"t m0 xa4 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">16,8 </div></div><div class=\"c w2f3 h3c gs690\"><div class=\"t m0 xa5 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(20,4) </div></div><div class=\"c w2f3 h3c gs691\"><div class=\"t m0 xa7 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">2,0 </div></div><div class=\"c w1ed h3c gs692\"><div class=\"t m0 xa6 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(4,8) </div></div><div class=\"c w2f3 h3c gs693\"><div class=\"t m0 xa4 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">84,2 </div></div><div class=\"c w2f3 h3c gs694\"><div class=\"t m0 xa2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">161,8 </div></div><div class=\"c w232 h3c gs695\"><div class=\"t m0 xa5 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(77,6) </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h3 ybfe ff5 fs1 fc1 sc0 ls0 ws0\">\u201cDiritti d\u2019uso di terreni e fabbricati\u201d, costituiti per 4<span class=\"_ _5\"></span>5 milioni di euro da <span class=\"_ _5\"></span>diritti d\u2019uso relativi a fabbricati e per i res<span class=\"_ _6\"></span><span class=\"ff1\">idui 7<span class=\"ls16\">,1</span> </span></div><div class=\"t m0 x23 h3 y1be9 ff5 fs1 fc1 sc0 ls0 ws0\">milioni <span class=\"_ _e\"> </span>di <span class=\"_ _6\"> </span>euro <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>diritti <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _6\"> </span>relativi <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>terreni. <span class=\"_ _e\"> </span>I <span class=\"_ _6\"> </span>diritti <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _e\"> </span>dei <span class=\"_ _6\"> </span>fabbricati <span class=\"_ _e\"> </span>si <span class=\"_ _e\"> </span>riferiscono <span class=\"_ _6\"> </span>principalmente <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>contratti<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y1bea ff1 fs1 fc1 sc0 ls0 ws0\">aventi a oggetto i com<span class=\"_ _3\"></span>plessi immobiliari desti<span class=\"_ _3\"></span>nati alle sedi operati<span class=\"_ _3\"></span>ve, agli uffici e agli sport<span class=\"_ _3\"></span>elli clienti.<span class=\"_ _7\"></span> </div><div class=\"t m0 x23 h3 y1c4b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1beb ff5 fs1 fc1 sc0 ls0 ws0\">\u201cDiritti <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>impianti <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>macchinari\u201d <span class=\"_ _d\"> </span><span class=\"ff1\">f<span class=\"_ _5\"></span>anno <span class=\"_ _e\"></span>riferimento <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"> </span>aventi <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>mpianti <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>depurazione <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>di </span></div><div class=\"t m0 x23 h3 y1bec ff1 fs1 fc1 sc0 ls0 ws0\">compostaggio. </div><div class=\"t m0 x23 h3 y814 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y152b ff5 fs1 fc1 sc0 ls0 ws0\">\u201cDiritti <span class=\"_ _7\"></span>d\u2019<span class=\"_ _5\"></span>uso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>be<span class=\"_ _3\"></span>ni<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>mobili</span>\u201d <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>riferiscono <span class=\"_ _7\"></span><span class=\"ff1\">i<span class=\"_ _5\"></span>n <span class=\"_ _7\"></span>via <span class=\"_ _6\"></span>prevalente <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>contratti <span class=\"_ _6\"></span></span>sottoscritti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l\u2019utili<span class=\"_ _3\"></span>zzo <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span><span class=\"ff1\">infrastrutture <span class=\"_ _7\"></span>It </span></div><div class=\"t m0 x23 h3 y1bed ff1 fs1 fc1 sc0 ls0 ws0\">(specialmente data ce<span class=\"_ _3\"></span>nter), automezzi operativ<span class=\"_ _3\"></span>i e autovetture. </div><div class=\"t m0 x23 h3 y67f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y1bee ff5 fs1 fc1 sc0 ls0 ws0\">Sono <span class=\"_ _e\"> </span>riportati <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>colonna <span class=\"_ _e\"> </span>\u201cNuovi <span class=\"_ _e\"> </span>contratti <span class=\"_ _6\"> </span>e <span class=\"_ _d\"> </span>modifiche <span class=\"_ _e\"> </span>contrattuali\u201d <span class=\"_ _6\"> </span>i <span class=\"_ _d\"> </span>leasing <span class=\"_ _e\"> </span>sottoscritti <span class=\"_ _6\"> </span>n<span class=\"_ _5\"></span>el <span class=\"_ _6\"> </span>corso <span class=\"_ _d\"> </span>dell\u2019esercizio, </div><div class=\"t m0 x23 h3 y1bef ff1 fs1 fc1 sc0 ls0 ws0\">nonch\u00e9 la modifica d<span class=\"_ _3\"></span>elle ipotesi passate circa durata e opzioni <span class=\"_ _3\"></span>di rinnovo o recesso dei <span class=\"_ _3\"></span>contratti esistenti. </div><div class=\"t m0 x23 h3 y1d91 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1770 ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _d\"> </span>colonna <span class=\"_ _d\"> </span>\u201cAltre <span class=\"_ _d\"> </span>variazioni\u201d <span class=\"_ _d\"> </span>accoglie <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>residuo <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ei <span class=\"_ _d\"> </span>beni <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>leasing <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>sono  <span class=\"ff1\">stati <span class=\"_ _e\"> </span>o<span class=\"_ _5\"></span>gg<span class=\"_ _3\"></span>etto <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>riscatto <span class=\"_ _e\"></span>nel </span></div><div class=\"t m0 x23 h3 y1bf0 ff1 fs1 fc1 sc0 ls0 ws0\">periodo e il cui val<span class=\"_ _3\"></span>ore \u00e8 stato riclassificato tra gli immobili, impianti <span class=\"_ _3\"></span>e macchinari per natura.  </div><div class=\"t m0 x23 h2 yf29 ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y16df ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div>336<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>Le passivit\u00e0 finanziarie<span class=\"_ _3\"></span> presentano la segu<span class=\"_ _3\"></span>ente composizione e <span class=\"_ _3\"></span>variazione, confrontate c<span class=\"_ _3\"></span>on l\u2019esercizio <span class=\"_ _5\"></span><span class=\"ff1\">precedente: </span>VALORE INIZIA<span class=\"_ _3\"></span>LE NETTO NUOVI CONTRAT<span class=\"_ _3\"></span>TI E MODIFICHE CONTRATTUALIDECREMENTIONERI FINANZI<span class=\"_ _3\"></span>ARIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOALTRE VARIAZIO<span class=\"_ _3\"></span>NIVALORE FINAL<span class=\"_ _3\"></span>E NETTO 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Passivit\u00e0 per leasin<span class=\"_ _3\"></span>g 76,4 20,3 (25,2) 2,8 7,0 \u2010<span class=\"ff12\"> </span>81,3 di cui passivit\u00e0 non corre<span class=\"_ _3\"></span>nti 55,1 56,8 passivit\u00e0 correnti<span class=\"_ _3\"></span> 21,3 24,5 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>Passivit\u00e0 per leasin<span class=\"_ _3\"></span>g 81,3 16,7 (23,5) 2,9 1,7 \u2010<span class=\"ff12\"> </span>79,1 di cui passivit\u00e0 non corre<span class=\"_ _3\"></span>nti 56,8 54,7 passivit\u00e0 correnti<span class=\"_ _3\"></span> 24,5 24,4 La colonna \u201cNuovi contratti e modifiche contrattuali\u201d<span class=\"_ _3\"></span> accoglie<span class=\"_ _5\"></span><span class=\"ff1\"> </span>i contratti sottoscritti nell\u2019esercizio e la rimisurazione del<span class=\"_ _3\"></span> debito <span class=\"_ _e\"></span>dei <span class=\"_ _e\"> </span>contratti <span class=\"_ _e\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>essere, <span class=\"_ _e\"> </span>gen<span class=\"_ _5\"></span>erata <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ggiornam<span class=\"_ _3\"></span>ento <span class=\"_ _d\"> </span>delle <span class=\"_ _e\"> </span>ipotesi <span class=\"_ _e\"> </span>sot<span class=\"_ _5\"></span>tostanti <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>irca <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>opzioni <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>rinnovo, acquisto o recesso anti<span class=\"_ _3\"></span>cipato.  I <span class=\"_ _6\"></span><span class=\"ff5 ls0\">\u201cDecreme<span class=\"_ _3\"></span>nti\u201d <span class=\"_ _6\"></span><span class=\"ff1\">sono <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>enerati <span class=\"_ _6\"></span>dal <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>imborso<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>cano<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>contrattuali <span class=\"_ _6\"></span><span class=\"ff5\">previsti <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>l\u2019eserciz<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dalle<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>opzioni <span class=\"_ _7\"></span>di </span></span></span>riscatto esercitate. Conformemente alle <span class=\"_ _5\"></span>proprie policy <span class=\"_ _5\"></span>di a<span class=\"_ _5\"></span>pprovvigionam<span class=\"_ _3\"></span>ento, <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo ha s<span class=\"_ _5\"></span>ottoscritto contratti <span class=\"_ _5\"></span>allineati agli <span class=\"_ _5\"></span>standard di mercato <span class=\"_ _e\"></span>con <span class=\"_ _e\"> </span>riferimento <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>tutte <span class=\"_ _e\"></span>le <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ipologie <span class=\"_ _6\"></span>di <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"></span>sottostanti. <span class=\"_ _e\"></span>Nel <span class=\"_ _e\"> </span>caso <span class=\"_ _d\"> </span>di <span class=\"_ _e\"></span>uffici, <span class=\"_ _e\"></span>sportelli <span class=\"_ _e\"></span>clienti, <span class=\"_ _e\"> </span>autovetture <span class=\"_ _e\"> </span>e infrastrutture <span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>t <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>contratti <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>prevedono <span class=\"_ _7\"></span>clausole <span class=\"_ _5\"></span>vincolanti <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>particolari <span class=\"_ _5\"></span>onerosit\u00e0 <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>caso <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>recesso, <span class=\"_ _5\"></span>trattandosi <span class=\"_ _7\"></span>di attivit\u00e0 <span class=\"_ _5\"></span>perfettamente <span class=\"_ _5\"></span>fungibili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>offerte <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>vasto <span class=\"_ _5\"></span>numero <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>controparti. <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>debito <span class=\"_ _5\"></span>espresso <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> b<span class=\"_ _5\"></span>ilancio <span class=\"_ _5\"></span>rappresenta,<span class=\"_ _3\"></span> quindi, <span class=\"_ _6\"></span>l\u2019ammontare <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _6\"></span>probabile <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>esborsi <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _6\"></span>dovr\u00e0 <span class=\"_ _6\"></span>sostenere <span class=\"_ _6\"></span>negli <span class=\"_ _6\"></span>esercizi <span class=\"_ _6\"></span>futuri<span class=\"_ _7\"></span><span class=\"ff1\">. <span class=\"_ _6\"></span>Per<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>medesime </span>ragioni, <span class=\"_ _6\"></span>inoltre, <span class=\"_ _6\"></span>attualmente <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>ritiene <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>non <span class=\"_ _e\"></span>verranno <span class=\"_ _6\"></span>esercitate <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>clausole <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rinnovo <span class=\"_ _6\"></span>laddove <span class=\"_ _e\"></span>presenti,<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>se <span class=\"_ _6\"></span>non esplicitamente previste <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>management, <span class=\"_ _5\"></span>valutando <span class=\"_ _5\"></span>eventualmente <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>futuro <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>convenienza <span class=\"_ _5\"></span>economica <span class=\"_ _5\"></span>delle s<span class=\"_ _5\"></span>tesse<span class=\"_ _3\"></span> o la sottoscrizione di<span class=\"_ _3\"></span> nuovi contratti con co<span class=\"_ _3\"></span>ntroparti differenti<span class=\"_ _5\"></span>. Nella tabella che segu<span class=\"_ _3\"></span>e sono riportate le p<span class=\"_ _3\"></span>assivit\u00e0 per leasing di<span class=\"_ _3\"></span>stinte per fasce di scade<span class=\"_ _3\"></span>nza:<span class=\"_ _5\"></span> TIPOLOGIA TOTALE QUOTA ENTRO ESERCIZIO QUOTA ENTRO 2\u00b0 ANNO QUOTA ENTRO 5\u00b0 ANNO QUOTA OLTRE 5\u00b0 ANNO Esercizio 2023 81,3 24,5 14,2 25,3 17,3 Esercizio 2024 79,1 24,4 15,3 23,5 15,9 23  <span class=\"ls0\">Attivit\u00e0 im<span class=\"_ _3\"></span>materiali </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Applicativi informati<span class=\"_ _3\"></span>ci 103,8 105,3 (1,5) Concessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo 88,5 100,7 (12,2) Servizi pubblici i<span class=\"_ _3\"></span>n concessione 3.480,0 3.315,7 164,3 Liste clienti 571,9 605,6 (33,7) Altre attivit\u00e0 immat<span class=\"_ _3\"></span>eriali 134,7 119,4 15,3 Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso servizi pub<span class=\"_ _3\"></span>blici in concessione 443,4 380,3 63,1 Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso 123,5 92,6 30,9 Totale 4.945,8 4.719,6 226,2 <div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">337<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _2\"> </span>attivit\u00e0 <span class=\"_ _2\"> </span>immateriali <span class=\"_ _8\"> </span>sono <span class=\"_ _2\"> </span>esposte <span class=\"_ _8\"> </span>al <span class=\"_ _2\"> </span>netto <span class=\"_ _2\"> </span>del <span class=\"_ _2\"> </span>relativo <span class=\"_ _8\"> </span>fondo <span class=\"_ _2\"> </span>ammortamento <span class=\"_ _8\"> </span>e <span class=\"_ _2\"> </span>presentano <span class=\"_ _2\"> </span>la <span class=\"_ _2\"> </span>seguente </div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">composizione e vari<span class=\"_ _3\"></span>azione: </div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w25a h1f gs6bb\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE INIZIA<span class=\"_ _3\"></span>LE </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w25c h1f gs6bc\"><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">INVESTIMENTI</div><div class=\"t mb x53 h13 y1d84 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25b h1f gs6bd\"><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DISINVESTIME<span class=\"_ _3\"></span>NTI</div><div class=\"t mb x53 h13 y13c6 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25a h1f gs6be\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">AMMORTAMEN<span class=\"_ _3\"></span>TI E </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">SVALUTAZIONI</div><div class=\"t mb x53 h13 y1d85 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25c h1f gs6bf\"><div class=\"t mb xc0 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONE </div><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DELL'AREA DI </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONSOLIDAME<span class=\"_ _3\"></span>NTO</div><div class=\"t mb x53 h13 y1d8f ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25a h1f gs6c0\"><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE </div><div class=\"t mb x53 h13 ybf ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI</div><div class=\"t mb x53 h13 y1cd5 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25b h1f gs6c1\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE FINAL<span class=\"_ _3\"></span>E </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w25a h1f gs6c2\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DI CUI VALORE </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">FINALE LORDO</div><div class=\"t mb x53 h13 y16a0 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25a h1f gs6c3\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DI CUI FONDO </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">AMMORTAMEN<span class=\"_ _3\"></span>TO</div><div class=\"t mb x53 h13 y1925 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f6 h3c gs6c4\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2f6 h3c gs6c5\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Applicativi informati<span class=\"_ _3\"></span>ci </div></div><div class=\"c w25a h3c gs6c6\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">82,5 </div></div><div class=\"c w25c h3c gs6c7\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">8,6 </div></div><div class=\"c w25b h3c gs6c8\"><div class=\"t m0 x53 h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w25a h3c gs6c9\"><div class=\"t m0 xb hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(45,8) </div></div><div class=\"c w25c h3c gs6ca\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w25a h3c gs6cb\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">59,9 </div></div><div class=\"c w25b h3c gs6cc\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">105,3 </div></div><div class=\"c w25a h3c gs6cd\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">637,1 </div></div><div class=\"c w25a h3c gs6ce\"><div class=\"t m0 xc0 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(531,8) </div></div><div class=\"c w2f6 h8e gs6cf\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Concessioni e altri <span class=\"_ _3\"></span>diritti </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">di utilizzo </div></div><div class=\"c w25a h8e gs6d0\"><div class=\"t m0 xaa hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">110,8 </div></div><div class=\"c w25c h8e gs6d1\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">0,6 </div></div><div class=\"c w25b h8e gs6d2\"><div class=\"t m0 x53 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h8e gs6d3\"><div class=\"t m0 xb hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(14,1) </div></div><div class=\"c w25c h8e gs6d4\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">1,5 </div></div><div class=\"c w25a h8e gs6d5\"><div class=\"t m0 xa4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">1,9 </div></div><div class=\"c w25b h8e gs6d6\"><div class=\"t m0 xaa hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">100,7 </div></div><div class=\"c w25a h8e gs6d7\"><div class=\"t m0 xaa hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">487,2 </div></div><div class=\"c w25a h8e gs6d8\"><div class=\"t m0 xc0 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(386,5) </div></div><div class=\"c w2f6 h5d gs6d9\"><div class=\"t m0 x0 hf y1047 ff4 fs3 fc1 sc0 ls0 ws0\">Servizi pubblici i<span class=\"_ _3\"></span>n </div><div class=\"t m0 x0 hf ye89 ff4 fs3 fc1 sc0 ls0 ws0\">concessione </div></div><div class=\"c w25a h5d gs6da\"><div class=\"t m0 xf hf y1048 ff4 fs3 fc10 sc0 ls0 ws0\">3.184,5 </div></div><div class=\"c w25c h5d gs6db\"><div class=\"t m0 xaa hf y1048 ff4 fs3 fc10 sc0 ls0 ws0\">209,4 </div></div><div class=\"c w25b h5d gs6dc\"><div class=\"t m0 xa5 hf y1048 ff4 fs3 fc10 sc0 ls0 ws0\">(7,3) </div></div><div class=\"c w25a h5d gs6dd\"><div class=\"t m0 xc0 hf y1048 ff4 fs3 fc10 sc0 ls0 ws0\">(183,8) </div></div><div class=\"c w25c h5d gs6de\"><div class=\"t m0 x53 hf y1048 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h5d gs6df\"><div class=\"t m0 xaa hf y1048 ff4 fs3 fc10 sc0 ls0 ws0\">112,9 </div></div><div class=\"c w25b h5d gs6e0\"><div class=\"t m0 xf hf y1048 ff4 fs3 fc10 sc0 ls0 ws0\">3.315,7 </div></div><div class=\"c w25a h5d gs6e1\"><div class=\"t m0 xf hf y1048 ff4 fs3 fc10 sc0 ls0 ws0\">5.902,5 </div></div><div class=\"c w25a h5d gs6e2\"><div class=\"t m0 x18 hf y1048 ff4 fs3 fc10 sc0 ls0 ws0\">(2.586,8) </div></div><div class=\"c w2f6 h3c gs6e3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Liste clienti </div></div><div class=\"c w25a h3c gs6e4\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">581,1 </div></div><div class=\"c w25c h3c gs6e5\"><div class=\"t m0 x53 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25b h3c gs6e6\"><div class=\"t m0 x53 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h3c gs6e7\"><div class=\"t m0 xb hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(42,6) </div></div><div class=\"c w25c h3c gs6e8\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">67,1 </div></div><div class=\"c w25a h3c gs6e9\"><div class=\"t m0 x53 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25b h3c gs6ea\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">605,6 </div></div><div class=\"c w25a h3c gs6eb\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">808,9 </div></div><div class=\"c w25a h3c gs6ec\"><div class=\"t m0 xc0 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(203,3) </div></div><div class=\"c w2f6 h98 gs6ed\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre attivit\u00e0 immat<span class=\"_ _3\"></span>eriali </div></div><div class=\"c w25a h98 gs6ee\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">92,9 </div></div><div class=\"c w25c h98 gs6ef\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">79,5 </div></div><div class=\"c w25b h98 gs6f0\"><div class=\"t m0 x53 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h98 gs6f1\"><div class=\"t m0 xb hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(46,7) </div></div><div class=\"c w25c h98 gs6f2\"><div class=\"t m0 xa4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,8 </div></div><div class=\"c w25a h98 gs6f3\"><div class=\"t m0 xa5 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(8,1) </div></div><div class=\"c w25b h98 gs6f4\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">119,4 </div></div><div class=\"c w25a h98 gs6f5\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">328,7 </div></div><div class=\"c w25a h98 gs6f6\"><div class=\"t m0 xc0 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(209,3) </div></div><div class=\"c w2f6 h94 gs6f7\"><div class=\"t m0 x0 hf y5e6 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in </div><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">corso servizi pubbli<span class=\"_ _3\"></span>ci in </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">concessione </div></div><div class=\"c w25a h94 gs6f8\"><div class=\"t m0 xaa hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">273,9 </div></div><div class=\"c w25c h94 gs6f9\"><div class=\"t m0 xaa hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">212,2 </div></div><div class=\"c w25b h94 gs6fa\"><div class=\"t m0 xa5 hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w25a h94 gs6fb\"><div class=\"t m0 x53 hf y5a6 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25c h94 gs6fc\"><div class=\"t m0 x53 hf y5a6 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h94 gs6fd\"><div class=\"t m0 xc0 hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">(105,6) </div></div><div class=\"c w25b h94 gs6fe\"><div class=\"t m0 xaa hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">380,3 </div></div><div class=\"c w25a h94 gs6ff\"><div class=\"t m0 xaa hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">380,3 </div></div><div class=\"c w25a h94 gs700\"><div class=\"t m0 x53 hf y5a6 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f6 h8e gs701\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">corso </div></div><div class=\"c w25a h8e gs702\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">91,7 </div></div><div class=\"c w25c h8e gs703\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">62,8 </div></div><div class=\"c w25b h8e gs704\"><div class=\"t m0 x53 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h8e gs705\"><div class=\"t m0 xa5 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w25c h8e gs706\"><div class=\"t m0 x53 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h8e gs707\"><div class=\"t m0 xb hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(61,5) </div></div><div class=\"c w25b h8e gs708\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">92,6 </div></div><div class=\"c w25a h8e gs709\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">92,6 </div></div><div class=\"c w25a h8e gs70a\"><div class=\"t m0 x53 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f6 h3c gs70b\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w25a h3c gs70c\"><div class=\"t m0 xf h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">4.417,4 </div></div><div class=\"c w25c h3c gs70d\"><div class=\"t m0 xaa h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">573,1 </div></div><div class=\"c w25b h3c gs70e\"><div class=\"t m0 xa5 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(7,5) </div></div><div class=\"c w25a h3c gs70f\"><div class=\"t m0 xc0 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(333,4) </div></div><div class=\"c w25c h3c gs710\"><div class=\"t m0 xa2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">70,5 </div></div><div class=\"c w25a h3c gs711\"><div class=\"t m0 xa5 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(0,5) </div></div><div class=\"c w25b h3c gs712\"><div class=\"t m0 xf h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">4.719,6 </div></div><div class=\"c w25a h3c gs713\"><div class=\"t m0 xf h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">8.637,3 </div></div><div class=\"c w25a h3c gs714\"><div class=\"t m0 x18 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(3.917,7) </div></div><div class=\"c w2f6 h3c gs715\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2f6 h3c gs716\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Applicativi informati<span class=\"_ _3\"></span>ci </div></div><div class=\"c w25a h3c gs717\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">105,3 </div></div><div class=\"c w25c h3c gs718\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">11,6 </div></div><div class=\"c w25b h3c gs719\"><div class=\"t m0 x53 h335 y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w25a h3c gs71a\"><div class=\"t m0 xb hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(48,5) </div></div><div class=\"c w25c h3c gs71b\"><div class=\"t m0 xa4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w25a h3c gs71c\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">35,2 </div></div><div class=\"c w25b h3c gs71d\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">103,8 </div></div><div class=\"c w25a h3c gs71e\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">683,8 </div></div><div class=\"c w25a h3c gs71f\"><div class=\"t m0 xc0 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(580,0) </div></div><div class=\"c w2f6 h8e gs720\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Concessioni e altri <span class=\"_ _3\"></span>diritti </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">di utilizzo </div></div><div class=\"c w25a h8e gs721\"><div class=\"t m0 xaa hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">100,7 </div></div><div class=\"c w25c h8e gs722\"><div class=\"t m0 xa4 hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w25b h8e gs723\"><div class=\"t m0 x53 hf y301 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h8e gs724\"><div class=\"t m0 xb hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">(13,8) </div></div><div class=\"c w25c h8e gs725\"><div class=\"t m0 xa4 hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w25a h8e gs726\"><div class=\"t m0 xa4 hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w25b h8e gs727\"><div class=\"t m0 xa2 hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">88,5 </div></div><div class=\"c w25a h8e gs728\"><div class=\"t m0 xaa hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">486,4 </div></div><div class=\"c w25a h8e gs729\"><div class=\"t m0 xc0 hf y301 ff4 fs3 fc10 sc0 ls0 ws0\">(397,9) </div></div><div class=\"c w2f6 h8e gs72a\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Servizi pubblici i<span class=\"_ _3\"></span>n </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">concessione </div></div><div class=\"c w25a h8e gs72b\"><div class=\"t m0 xf hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">3.315,7 </div></div><div class=\"c w25c h8e gs72c\"><div class=\"t m0 xaa hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">182,7 </div></div><div class=\"c w25b h8e gs72d\"><div class=\"t m0 xa5 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(8,7) </div></div><div class=\"c w25a h8e gs72e\"><div class=\"t m0 xc0 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(203,1) </div></div><div class=\"c w25c h8e gs72f\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">12,8 </div></div><div class=\"c w25a h8e gs730\"><div class=\"t m0 xaa hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">180,6 </div></div><div class=\"c w25b h8e gs731\"><div class=\"t m0 xf hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">3.480,0 </div></div><div class=\"c w25a h8e gs732\"><div class=\"t m0 xf hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">6.251,9 </div></div><div class=\"c w25a h8e gs733\"><div class=\"t m0 x18 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(2.771,9) </div></div><div class=\"c w2f6 h3c gs734\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Liste clienti </div></div><div class=\"c w25a h3c gs735\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">605,6 </div></div><div class=\"c w25c h3c gs736\"><div class=\"t m0 x53 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25b h3c gs737\"><div class=\"t m0 x53 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h3c gs738\"><div class=\"t m0 xb hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(45,1) </div></div><div class=\"c w25c h3c gs739\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">11,4 </div></div><div class=\"c w25a h3c gs73a\"><div class=\"t m0 x53 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25b h3c gs73b\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">571,9 </div></div><div class=\"c w25a h3c gs73c\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">820,3 </div></div><div class=\"c w25a h3c gs73d\"><div class=\"t m0 xc0 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(248,4) </div></div><div class=\"c w2f6 h3c gs73e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre attivit\u00e0 immat<span class=\"_ _3\"></span>eriali </div></div><div class=\"c w25a h3c gs73f\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">119,4 </div></div><div class=\"c w25c h3c gs740\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">66,6 </div></div><div class=\"c w25b h3c gs741\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,1) </div></div><div class=\"c w25a h3c gs742\"><div class=\"t m0 xb hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(53,0) </div></div><div class=\"c w25c h3c gs743\"><div class=\"t m0 x53 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h3c gs744\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,8 </div></div><div class=\"c w25b h3c gs745\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">134,7 </div></div><div class=\"c w25a h3c gs746\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">396,6 </div></div><div class=\"c w25a h3c gs747\"><div class=\"t m0 xc0 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(261,9)<span class=\"_ _75\"> </span> </div></div><div class=\"c w2f6 h1a5 gs748\"><div class=\"t m0 x0 hf y1757 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in </div><div class=\"t m0 x0 hf y2e7 ff4 fs3 fc1 sc0 ls0 ws0\">corso servizi pubbli<span class=\"_ _3\"></span>ci in </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">concessione </div></div><div class=\"c w25a h1a5 gs749\"><div class=\"t m0 xaa hf yba7 ff4 fs3 fc10 sc0 ls0 ws0\">380,3 </div></div><div class=\"c w25c h1a5 gs74a\"><div class=\"t m0 xaa hf yba7 ff4 fs3 fc10 sc0 ls0 ws0\">245,6 </div></div><div class=\"c w25b h1a5 gs74b\"><div class=\"t m0 x53 hf yba7 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h1a5 gs74c\"><div class=\"t m0 x53 hf yba7 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25c h1a5 gs74d\"><div class=\"t m0 x53 hf yba7 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h1a5 gs74e\"><div class=\"t m0 xc0 hf yba7 ff4 fs3 fc10 sc0 ls0 ws0\">(182,5) </div></div><div class=\"c w25b h1a5 gs74f\"><div class=\"t m0 xaa hf yba7 ff4 fs3 fc10 sc0 ls0 ws0\">443,4 </div></div><div class=\"c w25a h1a5 gs750\"><div class=\"t m0 xaa hf yba7 ff4 fs3 fc10 sc0 ls0 ws0\">443,4 </div></div><div class=\"c w25a h1a5 gs751\"><div class=\"t m0 x53 hf yba7 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f6 h8e gs752\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">corso </div></div><div class=\"c w25a h8e gs753\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">92,6 </div></div><div class=\"c w25c h8e gs754\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">71,5 </div></div><div class=\"c w25b h8e gs755\"><div class=\"t m0 xa5 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(1,9) </div></div><div class=\"c w25a h8e gs756\"><div class=\"t m0 xa5 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w25c h8e gs757\"><div class=\"t m0 x53 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h8e gs758\"><div class=\"t m0 xb hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(38,1) </div></div><div class=\"c w25b h8e gs759\"><div class=\"t m0 xaa hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">123,5 </div></div><div class=\"c w25a h8e gs75a\"><div class=\"t m0 xaa hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">123,5 </div></div><div class=\"c w25a h8e gs75b\"><div class=\"t m0 x53 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f6 h3c gs75c\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w25a h3c gs75d\"><div class=\"t m0 xf h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">4.719,6 </div></div><div class=\"c w25c h3c gs75e\"><div class=\"t m0 xaa h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">578,1 </div></div><div class=\"c w25b h3c gs75f\"><div class=\"t m0 xb h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(11,7) </div></div><div class=\"c w25a h3c gs760\"><div class=\"t m0 xc0 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(364,1) </div></div><div class=\"c w25c h3c gs761\"><div class=\"t m0 xa2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">25,7 </div></div><div class=\"c w25a h3c gs762\"><div class=\"t m0 xa5 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(1,8) </div></div><div class=\"c w25b h3c gs763\"><div class=\"t m0 xf h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">4.945,8 </div></div><div class=\"c w25a h3c gs764\"><div class=\"t m0 xf h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">9.205,9 </div></div><div class=\"c w25a h3c gs765\"><div class=\"t m0 x18 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(4.260,1) </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h43 y1554 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cApplicativi <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>nformatici\u201d, <span class=\"_ _d\"> </span>sono <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>costi  sostenuti <span class=\"_ _d\"> </span>per  l\u2019<span class=\"_ _3\"></span>acquisto <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>l\u2019implementazi<span class=\"_ _3\"></span>one <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>sistemi <span class=\"_ _f\"> </span>informativi </div><div class=\"t m0 x23 h3 y73d ff1 fs1 fc1 sc0 ls0 ws0\">aziendali. </div><div class=\"t m0 x23 h3 y1556 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1557 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cConcessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo\u201d, sono <span class=\"_ _3\"></span>costituiti principalment<span class=\"_ _3\"></span>e da:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a y616 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">concessioni, pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>25,9 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro, r<span class=\"_ _5\"></span>iferibili <span class=\"_ _5\"></span>principalmente a <span class=\"_ _5\"></span>diritti relativi <span class=\"_ _5\"></span>alle a<span class=\"_ _5\"></span>ttivit\u00e0 di <span class=\"_ _5\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato </span></span></div><div class=\"t m0 x63 h3 y123d ff1 fs1 fc1 sc0 ls0 ws0\">e <span class=\"_ _1d\"> </span>distribuzione <span class=\"_ _c\"> </span>gas, <span class=\"_ _1d\"> </span>classificati <span class=\"_ _1d\"> </span>nelle <span class=\"_ _1d\"> </span>attivit\u00e0 <span class=\"_ _1d\"> </span>immateriali <span class=\"_ _1d\"> </span>anche <span class=\"_ _c\"> </span>anteriormente <span class=\"_ _1d\"> </span>alla <span class=\"_ _1d\"> </span>prima <span class=\"_ _1d\"> </span>applicazione </div><div class=\"t m0 x63 h3 y1450 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019interpretazione If<span class=\"_ _3\"></span>ric 12 \u201cAccordi per <span class=\"_ _3\"></span>servizi in concessione\u201d;<span class=\"_ _75\"> </span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a yb15 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">autorizzazione <span class=\"_ _e\"> </span>relativa <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _e\"> </span>del<span class=\"_ _5\"></span>la <span class=\"_ _e\"> </span>discarica <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>Serravalle <span class=\"_ _d\"> </span>Pistoiese<span class=\"_ _5\"></span><span class=\"ff1 fcd ls1e\">, <span class=\"_ _f\"> </span></span><span class=\"ff1\">pari <span class=\"_ _e\"> </span>a<span class=\"fcd\"> <span class=\"_ _f\"> </span>45,1</span> <span class=\"_ _d\"> </span>milioni<span class=\"fcd\"> <span class=\"_ _e\"> </span></span>di <span class=\"_ _d\"> </span>euro, <span class=\"_ _d\"> </span>asset </span></span></span></div><div class=\"t m0 x63 h43 y9e3 ff5 fs1 fc1 sc0 ls0 ws0\">iscritto nell\u2019ambito d<span class=\"_ _5\"></span>i un\u2019operazione d<span class=\"_ _5\"></span>i business <span class=\"_ _5\"></span>combination realizzata negli <span class=\"_ _5\"></span>esercizi precedenti e<span class=\"_ _5\"></span> ammortizzato </div><div class=\"t m0 x63 h3 y1da1 ff1 fs1 fc1 sc0 ls0 ws0\">sulla base delle to<span class=\"_ _3\"></span>nnellate conferite.  </div><div class=\"t m0 x23 h3 y1da2 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y1da3 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cServizi <span class=\"_ _7\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncessione\u201d, <span class=\"_ _7\"></span>comprendono <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>beni <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>dist<span class=\"_ _3\"></span>ribuzione <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as, <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>energia </div><div class=\"t m0 x23 h3 y3fe ff1 fs1 fc1 sc0 ls0 ws0\">elettrica (territorio di <span class=\"_ _5\"></span>Imola), ciclo <span class=\"_ _5\"></span>idrico integrato<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>trattament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>e illuminazione pubblica <span class=\"_ _5\"></span>(salvo per questi <span class=\"_ _5\"></span>ultimi quanto<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h3 y1da4 ff1 fs1 fc1 sc0 ls0 ws0\">precisato nella <span class=\"_ _5\"></span><span class=\"ff5\">nota 18 <span class=\"_ _5\"></span>\u201cAttivit\u00e0 finanziarie, disponibilit\u00e0 liquide e me<span class=\"_ _5\"></span>zzi equivalenti\u201d) oggetto di<span class=\"_ _7\"></span></span> <span class=\"_ _5\"></span>concessione da parte </div><div class=\"t m0 x23 h3 yf07 ff5 fs1 fc1 sc0 ls0 ws0\">degli enti <span class=\"_ _5\"></span>pubblici di r<span class=\"_ _5\"></span>iferimento.<span class=\"_ _3\"></span> Tali <span class=\"_ _5\"></span>rapporti di <span class=\"_ _5\"></span>concessione e i <span class=\"_ _5\"></span>relativi beni, <span class=\"_ _5\"></span>inerenti all\u2019esercizio dell\u2019attivit\u00e0 sui <span class=\"_ _6\"> </span><span class=\"ff1\">quali </span></div><div class=\"t m0 x23 h43 y1da5 ff5 fs1 fc1 sc0 ls0 ws0\">il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>detiene <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>diritti <span class=\"_ _7\"></span>all\u2019utilizzo, <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontabilizzati <span class=\"_ _7\"></span>applicando <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>modello <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>immateriale <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _7\"></span>previsto </div><div class=\"t m0 x23 h3 y155c ff5 fs1 fc1 sc0 ls0 ws0\">dall\u2019interpretazione <span class=\"_ _d\"> </span>Ifric <span class=\"_ _f\"> </span>12. <span class=\"_ _f\"> </span>Gli <span class=\"_ _f\"> </span>investimenti <span class=\"_ _f\"> </span>dell\u2019esercizio <span class=\"_ _d\"> </span>hanno <span class=\"_ _f\"> </span>riguardato <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rincipalmente <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>reti <span class=\"_ _f\"> </span>idriche <span class=\"_ _f\"> </span>per <span class=\"_ _10\"> </span><span class=\"ff1 ls10\">94<span class=\"_ _3\"></span><span class=\"ls0\"> </span></span></div><div class=\"t m0 x23 h3 yf96 ff1 fs1 fc1 sc0 ls0 ws0\">milioni di euro e le reti <span class=\"_ _3\"></span>di distribuzione del ga<span class=\"_ _3\"></span>s per <span class=\"_ _5\"></span>59,3 milioni di euro. </div><div class=\"t m0 x23 h3 y9af ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y2a1 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAttivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>pubblici <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>concessione\u201d, <span class=\"_ _5\"></span>rappresentano <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>investimenti<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _7\"></span>correlati <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>medesime </span></div><div class=\"t m0 x23 h3 yf98 ff1 fs1 fc1 sc0 ls0 ws0\">concessioni, che risultano ancora da u<span class=\"_ _5\"></span>ltimare alla data di fine esercizio e s<span class=\"_ _5\"></span>i riferiscono principal<span class=\"_ _3\"></span>mente alle reti idriche </div><div class=\"t m0 x23 h3 y1da6 ff1 fs1 fc1 sc0 ls0 ws0\">per <span class=\"_ _5\"></span>291,3 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>reti <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>distribuzione del <span class=\"_ _5\"></span>gas <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>96,7 <span class=\"_ _5\"></span><span class=\"ff5\">milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>all\u2019igiene <span class=\"_ _5\"></span>urbana <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span></span>26,8 <span class=\"_ _5\"></span>milioni </div><div class=\"t m0 x23 h3 y1da7 ff1 fs1 fc1 sc0 ls0 ws0\">di euro.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h3 y8e1 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">338</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAttivit\u00e0 immateriali i<span class=\"_ _3\"></span>n corso\u201d, sono costituite <span class=\"_ _3\"></span>principalmente da proge<span class=\"_ _3\"></span>tti informatici non ancora<span class=\"_ _3\"></span> ultimati.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y174 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cListe clienti\u201d, sono <span class=\"_ _5\"></span>iscritte per effetto delle operazioni di <span class=\"_ _5\"></span>business combination e della conse<span class=\"_ _5\"></span>guent<span class=\"_ _3\"></span>e a<span class=\"_ _5\"></span>ttivit\u00e0 valutativa<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">a <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>asset <span class=\"_ _6\"></span>acquisiti. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>ammortamento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>tali <span class=\"_ _6\"></span>liste <span class=\"_ _6\"></span>clienti <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>correlato <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>abbandono </div><div class=\"t m0 x1b h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">(churn rate) identific<span class=\"_ _3\"></span>ato per ogni singola op<span class=\"_ _3\"></span>erazione. </div><div class=\"t m0 x1b h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y178 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltre <span class=\"_ _f\"> </span>att<span class=\"_ _5\"></span>ivit\u00e0 <span class=\"_ _f\"> </span>immateriali\u201d, <span class=\"_ _f\"> </span>comprendono  p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _f\"> </span>i  cost<span class=\"_ _3\"></span>i  increm<span class=\"_ _3\"></span>entali  so<span class=\"_ _3\"></span>stenuti  p<span class=\"_ _3\"></span>er  l\u2019ottenim<span class=\"_ _3\"></span>ento  di<span class=\"_ _3\"></span>  nuov<span class=\"_ _3\"></span>i </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">contratti <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>vendita <span class=\"_ _f\"> </span>rappresentati <span class=\"_ _d\"> </span>esclusivamente <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>provvigioni. <span class=\"_ _f\"> </span>Gli <span class=\"_ _f\"> </span>investimenti <span class=\"_ _d\"> </span>risultano <span class=\"_ _f\"> </span>significativi <span class=\"_ _d\"> </span>anche <span class=\"_ _f\"> </span>per </div><div class=\"t m0 x1b h3 y17a ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019esercizio <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>024<span class=\"ff1\"> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>strategia <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>sviluppo <span class=\"_ _6\"></span>commerciale <span class=\"_ _6\"></span>posta <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>essere, <span class=\"_ _6\"></span>ammontando <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>65,5 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di </span></div><div class=\"t m0 x1b h3 y17b ff5 fs1 fc1 sc0 ls0 ws0\">euro (78,3 milioni <span class=\"_ _3\"></span>di euro per l\u2019esercizio <span class=\"_ _3\"></span>2023<span class=\"_ _5\"></span><span class=\"ff1\">).  </span></div><div class=\"t m0 x1b h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y17d ff5 fs1 fc1 sc0 ls0 ws0\">Le \u201cAltre variazioni\u201d comprend<span class=\"_ _3\"></span>ono riclassifiche delle immo<span class=\"_ _3\"></span>bilizzazioni in corso alle rispett<span class=\"_ _3\"></span>ive categorie specifiche per i </div><div class=\"t m0 x1b h43 y17e ff5 fs1 fc1 sc0 ls0 ws0\">cespiti entrati in <span class=\"_ _5\"></span>funzione nel corso dell\u2019esercizio e <span class=\"_ _5\"></span>riclassifiche da/a immobilizzazioni materiali, specie in presenza di </div><div class=\"t m0 x1b h3 y17f ff1 fs1 fc1 sc0 ls0 ws0\">beni oggetto di atti<span class=\"_ _3\"></span>vit\u00e0 in concessione.  </div><div class=\"t m0 x1b h3 y180 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y181 ff5 fs1 fc1 sc0 ls0 ws0\">La \u201c<span class=\"_ _5\"></span>Variazione dell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consolidamento\u201d riflette <span class=\"_ _5\"></span>le acquisizioni <span class=\"_ _5\"></span>di controllo <span class=\"_ _5\"></span>realizzate nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio<span class=\"_ _7\"></span><span class=\"ff1\">, per <span class=\"_ _5\"></span>i </span></div><div class=\"t m0 x1b h3 y182 ff1 fs1 fc1 sc0 ls0 ws0\">cui <span class=\"_ _6\"></span><span class=\"ff5\">dettagli <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>rinvi<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>sezione <span class=\"_ _6\"></span>\u201cBusi<span class=\"_ _3\"></span>ness <span class=\"_ _6\"></span>combin<span class=\"_ _3\"></span>ation <span class=\"_ _6\"></span>(infor<span class=\"_ _3\"></span>mazioni <span class=\"_ _6\"></span>integra<span class=\"_ _3\"></span>tive)\u201d <span class=\"_ _7\"></span>contenuta <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>paragrafo <span class=\"_ _6\"></span>2.02.10<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 y183 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltre informazioni\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y184 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y4fd ff8 fsa fc2 sc0 lsb ws0\">24<span class=\"ls55\">  <span class=\"ls0\">Avviament<span class=\"_ _3\"></span>o </span></span></div><div class=\"t m0 x1b h3 y48c ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs767\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gs768\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gs769\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs76a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Avviamento </div></div><div class=\"c w111 h3c gs76b\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">933,0 </div></div><div class=\"c w112 h3c gs76c\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">908,7 </div></div><div class=\"c w111 h3c gs76d\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">24,3 </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 ye14 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1da9 ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>del<span class=\"ff5\">l\u2019avviamento a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span></span>4 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>riconducibile principalmente <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>seguenti <span class=\"_ _5\"></span>operazioni<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione </div><div class=\"t m0 x1b h3 y1daa ff1 fs1 fc1 sc0 ls0 ws0\">del controllo avvenute in e<span class=\"_ _3\"></span>sercizi precedenti: </div><div class=\"t m0 x1b h5a y506 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">\u201cAttivit\u00e0 commerciali A<span class=\"_ _3\"></span>scopiave\u201d<span class=\"ff1 ls1e\">, <span class=\"ls0\">per co<span class=\"_ _5\"></span>mplessi<span class=\"_ _3\"></span>vi 431,2 milioni di euro (anno 2019); </span></span></span></span></div><div class=\"t m0 x1b h5a yf8a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">integrazione che ha <span class=\"_ _3\"></span>dato origine a Hera Spa,<span class=\"_ _3\"></span> per 81,3 milioni di <span class=\"_ _3\"></span>euro<span class=\"_ _5\"></span> (anno 2002); </span></span></div><div class=\"t m0 x1b h5a y1dab ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fusione di Agea Spa, per 41,<span class=\"_ _3\"></span>7 milioni di euro (anno 2004); </span></span></div><div class=\"t m0 x1b h5a y1184 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Gruppo Meta per eff<span class=\"_ _3\"></span>etto della fusione di M<span class=\"_ _3\"></span>eta Spa in Hera Spa, <span class=\"_ _3\"></span>per 117,7 milioni di euro<span class=\"_ _5\"></span> (anno 2005); </span></span></div><div class=\"t m0 x1b h5a y163b ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fusione di Sat Spa in Hera S<span class=\"_ _3\"></span>pa, per 54,9 milioni di euro (anno 2008); </span></span></div><div class=\"t m0 x1b h5a y492 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">A.C.R. Spa, per 27,1 milio<span class=\"_ _3\"></span>ni di euro (anno 2023); </span></span></div><div class=\"t m0 x1b h5a yc34 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Gruppo Aliplast, per 25 milio<span class=\"_ _3\"></span>ni di euro (anno 2017); </span></span></div><div class=\"t m0 x1b h5a y28f ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Gruppo Marche Multis<span class=\"_ _3\"></span>ervizi,<span class=\"_ _5\"></span> per 2<span class=\"_ _3\"></span>0,8 milioni di euro (anno 2006); </span></span></div><div class=\"t m0 x1b h5a ya6d ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Asco T<span class=\"ls10\">LC</span> Spa me<span class=\"_ _3\"></span>diante fusione per inco<span class=\"_ _3\"></span>rporazione in Acantho S<span class=\"_ _3\"></span>pa<span class=\"_ _5\"></span>, per 18,1 milioni di euro (anno 2023);<span class=\"_ _3\"></span> </span></span></div><div class=\"t m0 x1b h5a y1dac ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">F.lli Franchini Srl, per 15,4 mili<span class=\"_ _3\"></span>oni di euro (anno 2023). </span></span></div><div class=\"t m0 x1b h3 yf64 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y1dad ff5 fs1 fc1 sc0 ls0 ws0\">Nel <span class=\"_ _f\"> </span>corso  dell\u2019eserci<span class=\"_ _3\"></span>zio  20<span class=\"_ _3\"></span>24 <span class=\"_ _f\"> </span>\u00e8  stata <span class=\"_ _f\"> </span>effettuata  una <span class=\"_ _f\"> </span>operazione <span class=\"_ _f\"> </span>di  agg<span class=\"_ _3\"></span>regazione <span class=\"_ _f\"> </span>aziendale  che <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>comportato </div><div class=\"t m0 x1b h3 y116c ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019incremento <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ell\u2019avviament<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>24,<span class=\"_ _5\"></span>3 <span class=\"_ _d\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>euro, <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iferita <span class=\"_ _e\"> </span>all\u2019acquisizione <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>societ\u00e0  <span class=\"ff1\">TRS <span class=\"_ _d\"> </span>Ecology <span class=\"_ _d\"> </span>Srl<span class=\"_ _5\"></span>. <span class=\"_ _d\"> </span>Per </span></div><div class=\"t m0 x1b h3 y1dae ff1 fs1 fc1 sc0 ls0 ws0\">maggiori <span class=\"_ _f\"> </span>dettagli <span class=\"_ _f\"> </span>sulle <span class=\"_ _f\"> </span>operazioni <span class=\"_ _f\"> </span>di  <span class=\"ff5\">aggregazione <span class=\"_ _f\"> </span>si  rim<span class=\"_ _3\"></span>anda <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>sezione  \u201cB<span class=\"_ _3\"></span>usiness <span class=\"_ _f\"> </span>combination <span class=\"_ _f\"> </span>(informazioni </span></div><div class=\"t m0 x1b h3 y4cf ff5 fs1 fc1 sc0 ls0 ws0\">integrative)\u201d del paragr<span class=\"_ _3\"></span>afo 2.02.10 \u201cAltre<span class=\"ff1\"> informazioni</span>\u201d<span class=\"ff1\">. </span></div><div class=\"t m0 x1b h3 y1daf ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1db0 ff5 fs1 fc1 sc0 ls0 ws0\">Di seguito si riporta i<span class=\"_ _3\"></span>l valore dell\u2019avviamento <span class=\"_ _3\"></span>suddiviso per settor<span class=\"_ _3\"></span>e operativo:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y4d2 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs76e\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gs76f\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gs770\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h98 gs771\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Gas </div></div><div class=\"c w111 h98 gs772\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">493,5 </div></div><div class=\"c w112 h98 gs773\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">493,5 </div></div><div class=\"c w111 h98 gs774\"><div class=\"t m0 x72 h335 y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w113 h3c gs775\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ambiente </div></div><div class=\"c w111 h3c gs776\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">284,9 </div></div><div class=\"c w112 h3c gs777\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">260,6 </div></div><div class=\"c w111 h3c gs778\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">24,3 </div></div><div class=\"c w113 h90 gs779\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Energia elettrica </div></div><div class=\"c w111 h90 gs77a\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">91,2 </div></div><div class=\"c w112 h90 gs77b\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">91,2 </div></div><div class=\"c w111 h90 gs77c\"><div class=\"t m0 x72 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w113 h3c gs77d\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Ciclo idrico </div></div><div class=\"c w111 h3c gs77e\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">42,7 </div></div><div class=\"c w112 h3c gs77f\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">42,7 </div></div><div class=\"c w111 h3c gs780\"><div class=\"t m0 x72 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w113 h3c gs781\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altri servizi </div></div><div class=\"c w111 h3c gs782\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">20,7 </div></div><div class=\"c w112 h3c gs783\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">20,7 </div></div><div class=\"c w111 h3c gs784\"><div class=\"t m0 x72 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w113 h3c gs785\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs786\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">933,0 </div></div><div class=\"c w112 h3c gs787\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">908,7 </div></div><div class=\"c w111 h3c gs788\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">24,3 </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y266 ff1 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _e\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>nel <span class=\"_ _e\"> </span>corso <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>2024 <span class=\"_ _6\"></span>ne<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>segmento <span class=\"_ _e\"></span>Energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>stata <span class=\"_ _e\"> </span>operata <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>riclassificazione <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>ettore </div><div class=\"t m0 x1b h3 y232 ff5 fs1 fc1 sc0 ls0 ws0\">Illuminazione pubblica, <span class=\"_ _5\"></span>precedentement<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>contenuto all\u2019interno del <span class=\"_ _5\"></span>segmento <span class=\"_ _5\"></span>Altri <span class=\"_ _5\"></span>servizi<span class=\"_ _5\"></span><span class=\"ff1\">; <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>conseguenza <span class=\"_ _5\"></span>il settore <span class=\"_ _5\"></span>\u00e8 </span></div><div class=\"t m0 x1b h3 y11a2 ff1 fs1 fc1 sc0 ls0 ws0\">stato <span class=\"_ _6\"></span>riclassificato <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023<span class=\"_ _5\"></span>. <span class=\"_ _e\"></span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _6\"></span>dettagli <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>rimanda <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>capitolo <span class=\"_ _6\"></span>1.06 <span class=\"_ _d\"> </span><span class=\"ff5\">\u201c</span>Analisi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>aree </div><div class=\"t m0 x1b h3 yce2 ff5 fs1 fc1 sc0 ls0 ws0\">strategiche d\u2019affari\u201d<span class=\"ff1\"> contenut<span class=\"_ _3\"></span>o nella relazione sulla<span class=\"_ _3\"></span> gestione</span><span class=\"ff1\">. </span></div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">339<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 lsb ws0\">25 <span class=\"ls0\"> Impairment <span class=\"_ _3\"></span>test asset </span></div><div class=\"t m0 x23 h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y479 ff3 fs1 fc1 sc0 ls0 ws0\">Unit\u00e0 generatrici di flu<span class=\"_ _3\"></span>ssi finanziari e avviam<span class=\"_ _3\"></span>ento<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y47a ff1 fs1 fc1 sc0 ls0 ws0\">Asset<span class=\"ff5\">, diritti d\u2019uso</span> e a<span class=\"_ _5\"></span>vviamenti sono stati assoggettati a test di impairment attrave<span class=\"_ _3\"></span>rso la determinazione del valore in </div><div class=\"t m0 x23 h3 y47b ff1 fs1 fc1 sc0 ls0 ws0\">uso, <span class=\"_ _7\"></span>inteso <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>attuale <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cassa <span class=\"_ _7\"></span>operativi <span class=\"_ _7\"></span>(opportunam<span class=\"_ _3\"></span>ente <span class=\"_ _7\"></span>attualizzati <span class=\"_ _5\"></span>secondo <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _7\"></span>Dcf <span class=\"_ _e\"> </span>- </div><div class=\"t m0 x23 h3 y47c ff1 fs1 fc1 sc0 ls0 ws0\">Discounted cash <span class=\"_ _5\"></span>flow) derivanti da<span class=\"_ _5\"></span>l piano <span class=\"_ _5\"></span>industriale 2024<span class=\"_ _5\"></span>-2028, approvato <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Consiglio di Amministrazione <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>Hera<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y47d ff1 fs1 fc1 sc0 ls0 ws0\">Spa nella seduta del 22 gennai<span class=\"_ _3\"></span>o 2025. </div><div class=\"t m0 x23 h3 y47e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y47f ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _10\"> </span>avviamenti <span class=\"_ _10\"> </span>allocati <span class=\"_ _10\"> </span>alle <span class=\"_ _10\"> </span>singole <span class=\"_ _8\"> </span>unit\u00e0 <span class=\"_ _10\"> </span>generatrici <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>flussi <span class=\"_ _10\"> </span>finanziari <span class=\"_ _10\"> </span>(Cgu <span class=\"_ _8\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _10\"> </span>Cash <span class=\"_ _10\"> </span>generating <span class=\"_ _10\"> </span>units) <span class=\"_ _10\"> </span>sono </div><div class=\"t m0 x23 h3 y480 ff1 fs1 fc1 sc0 ls0 ws0\">assoggettati <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>impai<span class=\"_ _3\"></span>rment <span class=\"_ _6\"></span>test <span class=\"_ _7\"></span>almeno <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cad<span class=\"_ _3\"></span>enza <span class=\"_ _6\"></span>annuale. <span class=\"_ _7\"></span>Specifici <span class=\"_ _6\"></span>asset <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>gruppi <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>asset <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>vita <span class=\"_ _7\"></span>ut<span class=\"_ _5\"></span>ile <span class=\"_ _7\"></span>definita, </div><div class=\"t m0 x23 h3 y481 ff1 fs1 fc1 sc0 ls0 ws0\">intesi <span class=\"_ _d\"> </span>quale <span class=\"_ _f\"> </span>aggregazione <span class=\"_ _d\"> </span>pi\u00f9 <span class=\"_ _f\"> </span>piccol<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>he <span class=\"_ _d\"> </span>genera<span class=\"lse\">no<span class=\"_ _5\"></span></span> <span class=\"_ _d\"> </span>flussi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>cassa <span class=\"_ _d\"> </span>indipendenti, <span class=\"_ _f\"> </span>sono <span class=\"_ _d\"> </span>assoggettati <span class=\"_ _d\"> </span>a </div><div class=\"t m0 x23 h3 y482 ff1 fs1 fc1 sc0 ls0 ws0\">impairment test solo se <span class=\"_ _5\"></span>esiste una indicazione che possa<span class=\"_ _5\"></span><span class=\"lse\">no</span> aver subito una <span class=\"_ _5\"></span>riduzione di valore. In par<span class=\"_ _5\"></span>ticolare, per gli </div><div class=\"t m0 x23 h43 y483 ff5 fs1 fc1 sc0 ls0 ws0\">avviamenti, <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>test <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _d\"> </span>stato <span class=\"_ _d\"> </span>condotto <span class=\"_ _f\"> </span>sui <span class=\"_ _d\"> </span>gruppi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>Cgu <span class=\"_ _e\"> </span>che <span class=\"_ _f\"> </span>beneficiano <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>inergie <span class=\"_ _e\"> </span>derivanti <span class=\"_ _d\"> </span>dall\u2019operazione <span class=\"_ _d\"> </span>di </div><div class=\"t m0 x23 h43 y484 ff5 fs1 fc1 sc0 ls0 ws0\">acquisizione <span class=\"_ _5\"></span>cui <span class=\"_ _7\"></span>l\u2019avviamento <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>riferisce, <span class=\"_ _7\"></span>tenendo <span class=\"_ _5\"></span>conto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>eventuali <span class=\"_ _5\"></span>successive <span class=\"_ _7\"></span>modifiche <span class=\"_ _5\"></span>nella <span class=\"_ _7\"></span>composizione <span class=\"_ _5\"></span>delle </div><div class=\"t m0 x23 h3 y485 ff1 fs1 fc1 sc0 ls0 ws0\">Cgu <span class=\"_ _7\"></span>stesse. <span class=\"_ _6\"></span>Tali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>gruppi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Cgu <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>mpi <span class=\"_ _7\"></span>rispetto <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>settori <span class=\"_ _7\"></span>operativi <span class=\"_ _7\"></span>riportati <span class=\"_ _7\"></span>nella <span class=\"_ _7\"></span>sezione <span class=\"_ _6\"></span>corrisp<span class=\"_ _3\"></span>ondente </div><div class=\"t m0 x23 h3 y486 ff5 fs1 fc1 sc0 ls0 ws0\">del paragrafo 2.02.1<span class=\"_ _3\"></span>0 \u201cAltre informazioni\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y487 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y488 ff5 fs1 fc1 sc0 ls0 ws0\">Nell\u2019effettuare <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>est <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>impairm<span class=\"_ _3\"></span>ent <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>risultato <span class=\"_ _7\"></span>sufficiente <span class=\"_ _7\"></span>determinare <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>d\u2019uso <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>Cgu, <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>gruppi <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Cgu, </div><div class=\"t m0 x23 h3 y489 ff1 fs1 fc1 sc0 ls0 ws0\">sottoposti a verifica, <span class=\"_ _3\"></span>non rendendosi quindi<span class=\"_ _3\"></span> necessario determin<span class=\"_ _3\"></span>arne il fair value degli <span class=\"_ _3\"></span>asset oggetto di v<span class=\"_ _3\"></span>alutazione.<span class=\"_ _7\"></span> </div><div class=\"t m0 x23 h3 y48a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y48b ff1 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>eterminazion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>cassa <span class=\"_ _7\"></span>operativi<span class=\"ls16\">, <span class=\"_ _6\"></span></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>posto <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>atto <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>processo <span class=\"_ _7\"></span>strutturato </div><div class=\"t m0 x23 h3 y48c ff1 fs1 fc1 sc0 ls0 ws0\">relativo  alla<span class=\"_ _3\"></span>  predispo<span class=\"_ _3\"></span>sizione  e <span class=\"_ _f\"> </span>revisione  del <span class=\"_ _f\"> </span>piano  industri<span class=\"_ _3\"></span>ale<span class=\"_ _5\"></span>,  il  quale <span class=\"_ _f\"> </span>prevede  che <span class=\"_ _f\"> </span>lo  stesso <span class=\"_ _f\"> </span>venga  elaborato </div><div class=\"t m0 x23 h3 y48d ff1 fs1 fc1 sc0 ls0 ws0\">annualmente, <span class=\"_ _5\"></span>in base <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>uno <span class=\"_ _5\"></span>scenario <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>contesto <span class=\"_ _5\"></span>esterno c<span class=\"_ _5\"></span>he considera <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>andamenti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>mercato e <span class=\"_ _7\"></span>la nor<span class=\"_ _5\"></span>mativa dei </div><div class=\"t m0 x23 h3 y351 ff1 fs1 fc1 sc0 ls0 ws0\">business <span class=\"_ _7\"></span>regolamentati, <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>supporto <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>tutte <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>unit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>business <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>logica <span class=\"_ _7\"></span>bottom<span class=\"_ _7\"></span>-up. <span class=\"_ _6\"></span>In <span class=\"_ _7\"></span>particolare, <span class=\"_ _7\"></span>nello </div><div class=\"t m0 x23 h3 y352 ff1 fs1 fc1 sc0 ls0 ws0\">sviluppo <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>piano <span class=\"_ _d\"> </span>industriale <span class=\"_ _e\"> </span>2024<span class=\"_ _5\"></span>-2028 <span class=\"_ _d\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>implementate <span class=\"_ _e\"> </span>ipotesi <span class=\"_ _d\"> </span>coerenti <span class=\"_ _e\"> </span>con <span class=\"_ _d\"> </span>quelle <span class=\"_ _d\"> </span>utilizzate <span class=\"_ _e\"> </span>nei <span class=\"_ _d\"> </span>piani </div><div class=\"t m0 x23 h3 y353 ff1 fs1 fc1 sc0 ls0 ws0\">precedenti <span class=\"_ _4\"> </span>e, <span class=\"_ _10\"> </span>sulla  base <span class=\"_ _10\"> </span>dei <span class=\"_ _4\"> </span>valori <span class=\"_ _10\"> </span>consuntivi,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>sono  state <span class=\"_ _10\"> </span>elaborate  d<span class=\"_ _5\"></span>elle <span class=\"_ _4\"> </span>proiezioni <span class=\"_ _4\"> </span>facendo <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>iferimento,  ove </div><div class=\"t m0 x23 h3 y354 ff1 fs1 fc1 sc0 ls0 ws0\">necessario, alle pi<span class=\"_ _3\"></span>\u00f9 autorevoli e aggiornate<span class=\"_ _3\"></span> fonti esterne disponi<span class=\"_ _3\"></span>bili.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y285 ff1 fs1 fc1 sc0 ls0 ws0\">  </div><div class=\"t m0 x23 h43 y286 ff5 fs1 fc1 sc0 ls0 ws0\">Lo <span class=\"_ _6\"> </span>sv<span class=\"_ _5\"></span>iluppo <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>ricavi <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>business <span class=\"_ _6\"></span>regolati <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _e\"> </span>elaborato <span class=\"_ _6\"> </span>sulla <span class=\"_ _e\"> </span>base <span class=\"_ _6\"> </span>dell\u2019evoluzione <span class=\"_ _e\"> </span>tariffaria<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>derivante <span class=\"_ _6\"></span>dalla </div><div class=\"t m0 x23 h43 y287 ff5 fs1 fc1 sc0 ls0 ws0\">regolazione <span class=\"_ _6\"></span>nazionale <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>/o <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>accordi <span class=\"_ _7\"></span>con <span class=\"_ _6\"> </span>le <span class=\"_ _6\"></span>autorit\u00e0 <span class=\"_ _6\"></span>d\u2019ambito. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuzi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>energy <span class=\"_ _6\"></span>sono </div><div class=\"t m0 x23 h3 y48e ff1 fs1 fc1 sc0 ls0 ws0\">stati proiettati in b<span class=\"_ _5\"></span>ase ai princ<span class=\"_ _5\"></span>ipi delle delibere <span class=\"_ _5\"></span>Arera 737/22 (Rtdg) per <span class=\"_ _5\"></span>il gas <span class=\"_ _5\"></span>e 616/23 (Tit), <span class=\"_ _5\"></span>163/23 (Tiross) e 497/23 </div><div class=\"t m0 x23 h3 y48f ff1 fs1 fc1 sc0 ls0 ws0\">(declinazione della regolazio<span class=\"_ _3\"></span>ne Ross<span class=\"_ _5\"></span>-base) per la distribuzione elettrica.<span class=\"_ _3\"></span> Si \u00e8 inoltre tenuto conto dei rispettivi tassi di </div><div class=\"t m0 x23 h43 y490 ff5 fs1 fc1 sc0 ls0 ws0\">remunerazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>capitale <span class=\"_ _6\"> </span>(<span class=\"_ _5\"></span>Wacc) <span class=\"_ _6\"></span>approvati <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>via <span class=\"_ _e\"> </span>definitiva <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>Arera, <span class=\"_ _e\"> </span>fino <span class=\"_ _6\"></span>all\u2019annualit\u00e0 <span class=\"_ _6\"></span>2025, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>riportato <span class=\"_ _e\"> </span>nel<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y491 ff1 fs1 fc1 sc0 ls0 ws0\">testo <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ntegrato <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>riferiment<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>(Ti<span class=\"_ _3\"></span>wacc <span class=\"_ _7\"></span>2022<span class=\"_ _5\"></span>-2027, <span class=\"_ _6\"></span>Delib<span class=\"_ _3\"></span>era <span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>14/21 <span class=\"_ _7\"></span>s.m.i.); <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>anni <span class=\"_ _6\"></span>succ<span class=\"_ _3\"></span>essivi, <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>Wacc <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>stati </div><div class=\"t m0 x23 h3 y2e6 ff1 fs1 fc1 sc0 ls0 ws0\">aggiornati c<span class=\"_ _5\"></span>oerentement<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>metodologia <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>stessa delibera <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>secondo <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>previsioni <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>parametri finanziari <span class=\"_ _5\"></span>e </div><div class=\"t m0 x23 h3 y492 ff1 fs1 fc1 sc0 ls0 ws0\">fiscali insite nel pian<span class=\"_ _3\"></span>o industriale approvato<span class=\"_ _3\"></span>.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y493 ff1 fs1 fc1 sc0 ls0 ws0\">I <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>energy <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>tutela <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>relativi <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ultima <span class=\"_ _6\"></span>istanza <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>stimati <span class=\"_ _7\"></span>su<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dei </div><div class=\"t m0 x23 h3 y494 ff5 fs1 fc1 sc0 ls0 ws0\">rispettivi <span class=\"_ _7\"></span>testi <span class=\"_ _7\"></span>regolatori <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>riferimento, <span class=\"_ _7\"></span>ossia <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>TIV <span class=\"_ _7\"></span>(delibere <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>08/22 <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>491/2<span class=\"_ _3\"></span>0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>s.m.i) <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Tivg<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y51d ff5 fs1 fc1 sc0 ls0 ws0\">(approvato <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>delibera <span class=\"_ _6\"></span>Arg/Gas/64/09 <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>s.m.i.) <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as; <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>deriv<span class=\"_ _3\"></span>anti <span class=\"_ _6\"></span>dall\u2019agg<span class=\"_ _3\"></span>iudicazione <span class=\"_ _6\"></span>dei <span class=\"_ _d\"> </span><span class=\"ff1\">servizi <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tutel<span class=\"_ _3\"></span>e </span></div><div class=\"t m0 x23 h3 y51e ff1 fs1 fc1 sc0 ls0 ws0\">graduali per i clienti elettrici sono stati <span class=\"_ _5\"></span>stimati sulla base della <span class=\"_ _5\"></span>delibera <span class=\"_ _5\"></span>362/23, mentre il superamento della tutela per </div><div class=\"t m0 x23 h3 y51f ff1 fs1 fc1 sc0 ls0 ws0\">i clienti gas \u00e8 stato sviluppat<span class=\"_ _3\"></span>o coerentemente alla delibera 100/2<span class=\"_ _3\"></span>023. </div><div class=\"t m0 x23 h3 y520 ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>ciclo <span class=\"_ _6\"></span>idrico <span class=\"_ _6\"></span>integrato <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>previsti <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>ipotesi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>volumi <span class=\"_ _6\"></span>distribuiti<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>costanti, <span class=\"_ _6\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>tariffe </div><div class=\"t m0 x23 h3 y521 ff5 fs1 fc1 sc0 ls0 ws0\">derivanti <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>agli <span class=\"_ _6\"> </span>accordi <span class=\"_ _e\"> </span>sottoscritti <span class=\"_ _e\"> </span>con <span class=\"_ _e\"> </span>Atersir, <span class=\"_ _6\"></span>oltre <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>dall\u2019applicazione <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>nuovo <span class=\"_ _e\"> </span>Metodo <span class=\"_ _6\"> </span>t<span class=\"_ _5\"></span>ariffario <span class=\"_ _e\"> </span>idrico <span class=\"_ _6\"> </span>(Mti<span class=\"_ _6\"></span><span class=\"ff1\">-4)<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y522 ff1 fs1 fc1 sc0 ls0 ws0\">aggiornato <span class=\"_ _5\"></span>dalla <span class=\"_ _7\"></span>delibera <span class=\"_ _7\"></span>Arera <span class=\"_ _7\"></span>639/23, <span class=\"_ _7\"></span>tenuto <span class=\"_ _7\"></span>conto, <span class=\"_ _7\"></span>tra <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>tri, <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>parametri <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>copertura <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>oneri </div><div class=\"t m0 x23 h3 y3a5 ff5 fs1 fc1 sc0 ls0 ws0\">finanziari <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>fiscali. <span class=\"_ _7\"></span>Per <span class=\"_ _6\"></span>l\u2019ig<span class=\"_ _3\"></span>iene <span class=\"_ _7\"></span>urbana <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>ricavi <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tati <span class=\"_ _7\"></span>stimati <span class=\"_ _6\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>contratti <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ervizio <span class=\"_ _7\"></span>sottoscritti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l<span class=\"_ _7\"></span><span class=\"ff1 lse\">e </span></div><div class=\"t m0 x23 h3 y523 ff1 fs1 fc1 sc0 ls0 ws0\">concessioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>recente <span class=\"_ _7\"></span>rinnovo <span class=\"_ _5\"></span>(territori <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Bologna, <span class=\"_ _7\"></span>Modena, <span class=\"_ _7\"></span>Ravenna/Cese<span class=\"_ _3\"></span>na), <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>regole <span class=\"_ _7\"></span>derivanti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>alle </div><div class=\"t m0 x23 h3 y524 ff1 fs1 fc1 sc0 ls0 ws0\">delibere Arera sul Me<span class=\"_ _5\"></span>todo tariffa<span class=\"_ _3\"></span>rio rifiuti (Mtr<span class=\"_ _5\"></span>-2) e delle ipotesi di nuovo <span class=\"_ _5\"></span>affidamento per il territorio di Rimini (2026) e </div><div class=\"t m0 x23 h3 y3fb ff1 fs1 fc1 sc0 ls0 ws0\">il Comune di Ferrara (<span class=\"_ _3\"></span>2028). </div><div class=\"t m0 x23 h3 y525 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y526 ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _5\"></span>dinamica dei p<span class=\"_ _5\"></span>rezzi dell\u2019energia elettrica e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>gas venduto <span class=\"_ _5\"></span>e acquistato <span class=\"_ _5\"></span>sul libero <span class=\"_ _5\"></span>mercato \u00e8 <span class=\"_ _5\"></span>stata elaborata <span class=\"_ _5\"></span>sulla </div><div class=\"t m0 x23 h3 y527 ff1 fs1 fc1 sc0 ls0 ws0\">base <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>considerazioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>business <span class=\"_ _d\"> </span>coerenti <span class=\"_ _d\"> </span>con <span class=\"_ _f\"> </span>lo <span class=\"_ _d\"> </span>scenario <span class=\"_ _f\"> </span>energetico <span class=\"_ _d\"> </span>pianificato, <span class=\"_ _d\"> </span>tenuto <span class=\"_ _d\"> </span>conto <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>previsioni </div><div class=\"t m0 x23 h3 y528 ff1 fs1 fc1 sc0 ls0 ws0\">fornite da un panel di<span class=\"_ _3\"></span> osservatori istituzion<span class=\"_ _3\"></span>ali.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y529 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y52a ff1 fs1 fc1 sc0 ls0 ws0\">Lo <span class=\"_ _6\"></span>sviluppo<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>impiantistico <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>rattamento <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>recupero <span class=\"_ _7\"></span>ambientale <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>coerente <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>previsioni <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>piani </div><div class=\"t m0 x23 h43 y52b ff5 fs1 fc1 sc0 ls0 ws0\">d\u2019ambito <span class=\"_ _7\"></span>provinciali <span class=\"_ _5\"></span>nei <span class=\"_ _6\"></span>quali<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>H<span class=\"_ _3\"></span>era <span class=\"_ _7\"></span>opera. <span class=\"_ _7\"></span>La <span class=\"_ _7\"></span>pianificazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>tempi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>realizzazione <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>egli <span class=\"_ _7\"></span>investimenti <span class=\"_ _5\"></span>e </div><div class=\"t m0 x23 h3 y52c ff1 fs1 fc1 sc0 ls0 ws0\">del successivo avvio d<span class=\"_ _3\"></span>ei nuovi impianti <span class=\"_ _3\"></span>\u00e8 frutto della miglior stim<span class=\"_ _3\"></span>a delle strutture tecnic<span class=\"_ _3\"></span>he preposte.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y52d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y52e ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019evoluzione <span class=\"_ _7\"></span>inerziale <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>costi <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Grupp<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>arco <span class=\"_ _7\"></span>piano <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>stata <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>viluppata <span class=\"_ _7\"></span>formulando <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rospettich<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>basate<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h43 y52f ff5 fs1 fc1 sc0 ls0 ws0\">sull\u2019insieme delle informazio<span class=\"_ _3\"></span>ni disponibili. Per ci\u00f2 che attiene il personale <span class=\"_ _3\"></span>e il costo del lavoro, sono state considerate </div><div class=\"t m0 x23 h3 y530 ff1 fs1 fc1 sc0 ls0 ws0\">le indicazioni conten<span class=\"_ _3\"></span>ute nei diversi contr<span class=\"_ _3\"></span>atti di lavoro.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h43 y531 ff5 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>primo <span class=\"_ _5\"></span>anno <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>rappresenta <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>l\u2019individ<span class=\"_ _3\"></span>uazione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>econo<span class=\"_ _5\"></span>mici, fi<span class=\"_ _5\"></span>nanziari e <span class=\"_ _7\"></span>di </div><div class=\"t m0 x23 h3 y268 ff1 fs1 fc1 sc0 ls0 ws0\">gestione <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>confluiscono <span class=\"_ _d\"> </span>nel <span class=\"_ _f\"> </span>budget <span class=\"_ _d\"> </span>annuale, <span class=\"_ _d\"> </span>elemento <span class=\"_ _d\"> </span>guida <span class=\"_ _d\"> </span>opera<span class=\"_ _5\"></span>tivo <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>ra<span class=\"_ _5\"></span>ggiungiment<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>egli <span class=\"_ _d\"> </span>obiettivi <span class=\"_ _d\"> </span>di </div><div class=\"t m0 x23 h3 y532 ff1 fs1 fc1 sc0 ls0 ws0\">crescita del Gruppo.<span class=\"_ _75\"> </span>  </div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">340</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">I <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cassa <span class=\"_ _6\"></span>ge<span class=\"_ _3\"></span>nerati <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>stati <span class=\"_ _7\"></span>quindi <span class=\"_ _7\"></span>determinati <span class=\"_ _7\"></span>utilizzando <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>dati <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>2025<span class=\"_ _7\"></span>-2028. <span class=\"_ _7\"></span>In </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">particolare, si <span class=\"_ _5\"></span>\u00e8 considerato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>margine operativo netto, cui <span class=\"_ _5\"></span>sono s<span class=\"_ _5\"></span>tate detratte <span class=\"_ _5\"></span>le imposte, <span class=\"_ _5\"></span>sommati gli ammorta<span class=\"_ _5\"></span>menti<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">e gli accantonamenti<span class=\"_ _3\"></span> e detratti gli investiment<span class=\"_ _3\"></span>i di mantenimento p<span class=\"_ _3\"></span>revisti per ciascun anno <span class=\"_ _3\"></span>di piano.<span class=\"_ _7\"></span> </div><div class=\"t m0 x1b h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y177 ff5 fs1 fc1 sc0 ls0 ws0\">Successivamente  all\u2019ultimo <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>nno <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>iano  s<span class=\"_ _5\"></span>ono  s<span class=\"_ _5\"></span>tati <span class=\"_ _4\"> </span>considerati <span class=\"_ _4\"> </span>flussi <span class=\"_ _10\"> </span>di  cassa <span class=\"_ _10\"> </span>norm<span class=\"_ _3\"></span>alizzati <span class=\"_ _10\"> </span>(Free<span class=\"_ _3\"></span> <span class=\"_ _4\"> </span>cash <span class=\"_ _10\"> </span>flow<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h43 y178 ff5 fs1 fc1 sc0 ls0 ws0\">normalizzato) pari <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>valore de<span class=\"_ _5\"></span>l margine <span class=\"_ _5\"></span>operativo netto <span class=\"_ _5\"></span>dell\u2019ultimo <span class=\"_ _5\"></span>anno di <span class=\"_ _5\"></span>piano, <span class=\"_ _5\"></span>nell\u2019ipotesi di <span class=\"_ _5\"></span>mantenere un<span class=\"_ _5\"></span> valore </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">di ammortamenti e acca<span class=\"_ _3\"></span>ntonamenti pari a quell<span class=\"_ _3\"></span>o degli investime<span class=\"_ _3\"></span>nti. Nel caso in cui il pi<span class=\"_ _3\"></span>ano, a causa del suo <span class=\"_ _3\"></span>orizzonte </div><div class=\"t m0 x1b h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">temporale <span class=\"_ _1d\"> </span>di <span class=\"_ _1d\"> </span>medio <span class=\"_ _1d\"> </span>termine, <span class=\"_ _1d\"> </span>non <span class=\"_ _1d\"> </span>tenga<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>in <span class=\"_ _1d\"> </span>considerazione <span class=\"_ _1d\"> </span>la <span class=\"_ _1d\"> </span>previsione <span class=\"_ _1d\"> </span>di <span class=\"_ _1d\"> </span>eventi <span class=\"_ _1d\"> </span>futuri <span class=\"_ _2\"> </span>che <span class=\"_ _1d\"> </span>i<span class=\"_ _5\"></span>nfluenza<span class=\"_ _3\"></span>no </div><div class=\"t m0 x1b h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">significativamente <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>flussi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>cassa <span class=\"_ _e\"></span>prospettici, <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"> </span>considerati <span class=\"_ _e\"></span>degli <span class=\"_ _e\"> </span>aggiustamenti <span class=\"_ _e\"> </span>al <span class=\"_ _d\"> </span>fine <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>poter <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ecepire </div><div class=\"t m0 x1b h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\">anche gli effetti di <span class=\"_ _5\"></span>tali eventi. I flussi di cassa <span class=\"_ _5\"></span>sono stati calcolati applicando al Free cash flow normalizzato il tasso d<span class=\"_ _6\"></span><span class=\"ls41\">i </span></div><div class=\"t m0 x1b h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\">crescita <span class=\"_ _5\"></span>(g) <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>orizzonte <span class=\"_ _5\"></span>temporale <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>medio-<span class=\"ff5\">lungo <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ermine <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>tener <span class=\"_ _5\"></span>conto <span class=\"_ _7\"></span>dell\u2019inflazione <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>(pari <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%), <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il </span></div><div class=\"t m0 x1b h3 y17e ff1 fs1 fc1 sc0 ls0 ws0\">periodo dal 2029 <span class=\"_ _5\"></span>al 2044 (quindi co<span class=\"_ _5\"></span>mplessi<span class=\"_ _3\"></span>vamente 20 a<span class=\"_ _5\"></span>nni). Per i <span class=\"_ _5\"></span>servizi regolamentati, tali flussi sono <span class=\"_ _5\"></span>resi coerenti </div><div class=\"t m0 x1b h3 y17f ff5 fs1 fc1 sc0 ls0 ws0\">con le ipotesi di m<span class=\"_ _3\"></span>antenimento della quota <span class=\"_ _3\"></span>di mercato dopo l\u2019espl<span class=\"_ _3\"></span>etamento delle gare previs<span class=\"_ _3\"></span>te.<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y180 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y181 ff1 fs1 fc1 sc0 ls0 ws0\">A <span class=\"_ _7\"></span>tali <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>lussi <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>aggiunge <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>attuale <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _5\"></span>rendita <span class=\"_ _7\"></span>perpetua <span class=\"_ _7\"></span>calcolata <span class=\"_ _7\"></span>considerando <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>flusso <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cassa <span class=\"_ _7\"></span>derivante </div><div class=\"t m0 x1b h43 y182 ff5 fs1 fc1 sc0 ls0 ws0\">dall\u2019applicazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>criterio <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>rendi<span class=\"_ _3\"></span>ta <span class=\"_ _6\"></span>perpetua <span class=\"_ _6\"></span>rife<span class=\"_ _3\"></span>rita <span class=\"_ _6\"></span>all\u2019ultimo <span class=\"_ _7\"></span>anno <span class=\"_ _6\"></span>(2044), <span class=\"_ _6\"></span>assume<span class=\"_ _3\"></span>ndo <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>fattore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>rescita<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y183 ff1 fs1 fc1 sc0 ls0 ws0\">pari <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>sola <span class=\"_ _7\"></span>inflazione <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>2%, <span class=\"_ _7\"></span>sia <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>libero <span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rcato, <span class=\"_ _5\"></span>sia <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>egolamentati,<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _5\"></span>\u00e8 </div><div class=\"t m0 x1b h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\">previsto <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>mantenimen<span class=\"_ _3\"></span>to <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>quote di <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>concessione <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>100% <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>gare <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>territori </div><div class=\"t m0 x1b h3 y184 ff1 fs1 fc1 sc0 ls0 ws0\">serviti. </div><div class=\"t m0 x1b h3 y185 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y186 ff5 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _5\"></span>l\u2019attualizzazione dei <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa u<span class=\"_ _5\"></span>nlevered \u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>utilizzato <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>il costo <span class=\"_ _5\"></span>medio <span class=\"_ _5\"></span>ponderato <span class=\"_ _5\"></span>del c<span class=\"_ _5\"></span>apitale </div><div class=\"t m0 x1b h3 y187 ff1 fs1 fc1 sc0 ls0 ws0\">(Weighted average cost <span class=\"_ _3\"></span>of capital - Wacc), rappresentativo del<span class=\"_ _3\"></span> rendimento atteso dai<span class=\"_ _3\"></span> finanziatori della so<span class=\"_ _3\"></span>ciet\u00e0 e dagli </div><div class=\"t m0 x1b h43 y20c ff5 fs1 fc1 sc0 ls0 ws0\">azionisti <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>l\u2019impiego <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>propri <span class=\"_ _f\"> </span>capitali, <span class=\"_ _d\"> </span>rettificato <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>rischio <span class=\"_ _f\"> </span>Paese <span class=\"_ _d\"> </span>specifico <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>trova <span class=\"_ _d\"> </span>l\u2019asset <span class=\"_ _f\"> </span>oggetto <span class=\"_ _f\"> </span>di </div><div class=\"t m0 x1b h3 y20d ff1 fs1 fc1 sc0 ls0 ws0\">valutazione. La <span class=\"_ _5\"></span>valorizzazione del <span class=\"_ _5\"></span>rischio Paese specifico <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>includere nel <span class=\"_ _5\"></span>tasso di <span class=\"_ _5\"></span>sconto \u00e8<span class=\"_ _5\"></span> definita s<span class=\"_ _5\"></span>ulla base <span class=\"_ _5\"></span>delle </div><div class=\"t m0 x1b h3 y20e ff1 fs1 fc1 sc0 ls0 ws0\">informazioni <span class=\"_ _8\"> </span>fornite <span class=\"_ _8\"> </span>da <span class=\"_ _8\"> </span>provider <span class=\"_ _8\"> </span>esterni.<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>Avendo <span class=\"_ _8\"> </span>il <span class=\"_ _8\"> </span>Gruppo <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>portafoglio <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>business <span class=\"_ _8\"> </span>diversific<span class=\"_ _3\"></span>ato, <span class=\"_ _8\"> </span>con <span class=\"_ _8\"> </span>un </div><div class=\"t m0 x1b h3 y20f ff1 fs1 fc1 sc0 ls0 ws0\">bilanciamento <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>regolate <span class=\"_ _e\"> </span>e <span class=\"_ _f\"> </span>attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>libero <span class=\"_ _d\"> </span>mercato <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>rendono <span class=\"_ _d\"> </span>meno <span class=\"_ _e\"> </span>esposto <span class=\"_ _d\"> </span>agli <span class=\"_ _d\"> </span>andamenti <span class=\"_ _e\"> </span>ciclici </div><div class=\"t m0 x1b h43 y210 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019economia, <span class=\"_ _6\"></span>viene <span class=\"_ _e\"> </span>utilizzato <span class=\"_ _6\"></span>un<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>approccio <span class=\"_ _e\"> </span>metodologico <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span>prevede <span class=\"_ _e\"> </span>un\u2019osservazione <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>dodici <span class=\"_ _e\"> </span>mesi <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>ll\u2019ultimo<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y211 ff1 fs1 fc1 sc0 ls0 ws0\">esercizio con riferim<span class=\"_ _3\"></span>ento alle principali v<span class=\"_ _3\"></span>ariabili alla base del cal<span class=\"_ _3\"></span>colo del Wacc.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y212 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y213 ff1 fs1 fc1 sc0 ls0 ws0\">Nello specifico, i tas<span class=\"_ _3\"></span>si utilizzati ai fini dell<span class=\"_ _3\"></span>e valutazioni consuntive<span class=\"_ _3\"></span> sono i seguenti:<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y214 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2f9 h91 gs78a\"><div class=\"t m0 x2 h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w2f8 h91 gs78b\"><div class=\"t m0 x2 h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w2f7 h8f gs78c\"><div class=\"t m0 x0 hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">Wacc Gas <span class=\"ffb\">\u2013</span> Energi<span class=\"_ _3\"></span>a Elettrica <span class=\"ffb\">\u2013</span> Ciclo Idric<span class=\"_ _3\"></span>o <span class=\"ffb\">\u2013</span> Altri Servizi </div></div><div class=\"c w2f9 h8f gs78d\"><div class=\"t m0 x91 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">5,04% </div></div><div class=\"c w2f8 h8f gs78e\"><div class=\"t m0 x91 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">5,38% </div></div><div class=\"c w2f7 h92 gs78f\"><div class=\"t m0 x0 hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">Wacc Ambiente </div></div><div class=\"c w2f9 h92 gs790\"><div class=\"t m0 x91 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">5,68% </div></div><div class=\"c w2f8 h92 gs791\"><div class=\"t m0 x91 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">6,24% </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y1262 ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _7\"></span>esiti <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>test <span class=\"_ _7\"></span><span class=\"ff5\">s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>risultati <span class=\"_ _7\"></span>positivi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>tutte <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>Cgu, <span class=\"_ _7\"></span>emergendo <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>d\u2019uso <span class=\"_ _7\"></span>superiore <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>d\u2019iscrizione <span class=\"_ _5\"></span>a </span></div><div class=\"t m0 x1b h3 ya6c ff1 fs1 fc1 sc0 ls0 ws0\">bilancio. </div><div class=\"t m0 x1b h3 y290 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y54f ff1 fs1 fc1 sc0 ls0 ws0\">Tutto ci\u00f2 premesso, son<span class=\"_ _3\"></span>o stati ipotizzati due <span class=\"_ _3\"></span>scenari di sensitivity: </div><div class=\"t m0 x1b h5a y1db2 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">una <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rima <span class=\"_ _7\"></span>analisi <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>focalizzata <span class=\"_ _7\"></span>sulla <span class=\"_ _6\"></span>margi<span class=\"_ _3\"></span>nalit\u00e0 <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>singoli <span class=\"_ _7\"></span>business, <span class=\"_ _7\"></span>ipotizzandone <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>decremento <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>5%, </span></span></div><div class=\"t m0 x59 h3 y724 ff1 fs1 fc1 sc0 ls0 ws0\">con conseguente rid<span class=\"_ _3\"></span>uzione dei flussi di cassa s<span class=\"_ _3\"></span>viluppati negli an<span class=\"_ _3\"></span>ni di piano e seguenti; </div><div class=\"t m0 x1b h5a yb6a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">una seconda analisi <span class=\"_ _3\"></span>ha ipotizzato di attu<span class=\"_ _3\"></span>alizzare tutti i flussi di <span class=\"_ _3\"></span>cassa utilizzando wacc incr<span class=\"_ _3\"></span>ementati di 25 bps.<span class=\"_ _75\"> </span></span></span><span class=\"ff1\"><span class=\"fs1 fc1\"><span class=\"_ _5\"></span> </span></span></div><div class=\"t m0 x1b h3 ye0c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y365 ff1 fs1 fc1 sc0 ls0 ws0\">In  entrambi <span class=\"_ _4\"> </span>gli  scenari,  i<span class=\"_ _5\"></span>  valori  ottenuti  s<span class=\"_ _5\"></span>ono  superiori  a  quelli <span class=\"_ _4\"> </span>presenti  a <span class=\"_ _4\"> </span>bilancio,  pertanto  le<span class=\"_ _5\"></span>  analisi  hanno </div><div class=\"t m0 x1b h3 y297 ff1 fs1 fc1 sc0 ls0 ws0\">ulteriormente conferm<span class=\"_ _3\"></span>ato i valori di iscrizio<span class=\"_ _3\"></span>ne.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y125b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y367 ff3 fs1 fc1 sc0 ls0 ws0\">Valutazioni inerenti sc<span class=\"_ _3\"></span>enari da cambiamento clim<span class=\"_ _3\"></span>atico e sensitivity con<span class=\"_ _3\"></span>seguenti<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h43 y125c ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019elettrificazione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>consumi <span class=\"_ _7\"></span>costituisce <span class=\"_ _5\"></span>uno <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>pi\u00f9 <span class=\"_ _5\"></span>rilevanti <span class=\"_ _7\"></span>rischi/opportunit\u00e0 cor<span class=\"_ _5\"></span>relati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>mbiament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>imatico. <span class=\"_ _5\"></span>Il </div><div class=\"t m0 x1b h3 y125d ff1 fs1 fc1 sc0 ls0 ws0\">conseguimento della <span class=\"_ _7\"></span>mitigazione dei <span class=\"_ _5\"></span>cambiamenti <span class=\"_ _5\"></span>climatici, d<span class=\"_ _5\"></span>efinito attraverso <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>riduzione d<span class=\"_ _5\"></span>elle <span class=\"_ _5\"></span>emissioni a </div><div class=\"t m0 x1b h3 y369 ff1 fs1 fc1 sc0 ls0 ws0\">livello europeo e <span class=\"_ _5\"></span>declinati su <span class=\"_ _5\"></span>base nazionale con <span class=\"_ _5\"></span>i relativi piani d<span class=\"_ _5\"></span>i attuazione, richiede i<span class=\"_ _5\"></span>niziative<span class=\"_ _3\"></span> v<span class=\"_ _5\"></span>olte a modificare <span class=\"_ _5\"></span>sia </div><div class=\"t m0 x1b h3 yfb1 ff1 fs1 fc1 sc0 ls0 ws0\">le tecnologie adott<span class=\"_ _3\"></span>ate per il soddisfaciment<span class=\"_ _3\"></span>o dei fabbisogni energ<span class=\"_ _3\"></span>etici che misure di efficie<span class=\"_ _3\"></span>ntamento degli stes<span class=\"_ _3\"></span>si. <span class=\"_ _7\"></span> </div><div class=\"t m0 x1b h3 ybbd ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _f\"> </span>Gruppo  H<span class=\"_ _1\"></span>e<span class=\"_ _5\"></span>ra <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>pertanto <span class=\"_ _f\"> </span>avviato <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _f\"> </span>analisi <span class=\"_ _f\"> </span>specifiche <span class=\"_ _d\"> </span>volte  a<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>identificare <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>possibili <span class=\"_ _f\"> </span>impatti <span class=\"_ _f\"> </span>dello <span class=\"_ _f\"> </span>scenario </div><div class=\"t m0 x1b h43 y36c ff5 fs1 fc1 sc0 ls0 ws0\">transizionale <span class=\"_ _7\"></span>sull\u2019evoluzione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onsumi <span class=\"_ _7\"></span>energetici <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>clienti <span class=\"_ _7\"></span>finali, <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>aree<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>business <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>propria </div><div class=\"t m0 x1b h3 y5a4 ff1 fs1 fc1 sc0 ls0 ws0\">elezione, su un orizz<span class=\"_ _3\"></span>onte temporale che tr<span class=\"_ _3\"></span>aguarda il 2050.  </div><div class=\"t m0 x1b h3 y681 ff1 fs1 fc1 sc0 ls0 ws0\">Le a<span class=\"_ _5\"></span>nalisi hanno <span class=\"_ _5\"></span>tenuto conto <span class=\"_ _5\"></span>dei d<span class=\"_ _5\"></span>river esogeni, <span class=\"_ _5\"></span>quali le <span class=\"_ _5\"></span>politiche n<span class=\"_ _5\"></span>azionali ed e<span class=\"_ _5\"></span>uropee sul <span class=\"_ _5\"></span>tema <span class=\"_ _5\"></span>e le<span class=\"_ _5\"></span> preferenze <span class=\"_ _5\"></span>dei </div><div class=\"t m0 x1b h3 y36f ff1 fs1 fc1 sc0 ls0 ws0\">consumatori, <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>fattori <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>cambiamento <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>delle <span class=\"_ _10\"> </span>tecnologie <span class=\"_ _10\"> </span>abilitanti <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>orrelate. <span class=\"_ _10\"> </span>I <span class=\"_ _10\"> </span>risultati <span class=\"_ _10\"> </span>hanno <span class=\"_ _10\"> </span>permesso <span class=\"_ _4\"> </span>di </div><div class=\"t m0 x1b h43 y1db3 ff5 fs1 fc1 sc0 ls0 ws0\">dimensionare <span class=\"_ _6\"></span>l\u2019imp<span class=\"_ _3\"></span>atto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>lo <span class=\"_ _7\"></span>scenario <span class=\"_ _6\"></span>transizionale <span class=\"_ _7\"></span>potrebbe <span class=\"_ _6\"></span>avere <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ull\u2019evoluzio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>consumi <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>elettrici <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>n </div><div class=\"t m0 x1b h3 y1db4 ff1 fs1 fc1 sc0 ls0 ws0\">funzione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>principali <span class=\"_ _f\"> </span>determinanti  q<span class=\"_ _3\"></span>uali <span class=\"_ _f\"> </span>efficienza <span class=\"_ _f\"> </span>energetica,  mi<span class=\"_ _3\"></span>x <span class=\"_ _f\"> </span>tecnologico, <span class=\"_ _f\"> </span>mobilit\u00e0 <span class=\"_ _f\"> </span>e  autocons<span class=\"_ _3\"></span>umo. <span class=\"_ _f\"> </span>Tali </div><div class=\"t m0 x1b h43 y372 ff5 fs1 fc1 sc0 ls0 ws0\">analisi <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>confermato, <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>particolare, <span class=\"_ _6\"></span>l\u2019aspettativa <span class=\"_ _6\"></span>diffusa <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>assistere <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>futuro <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _e\"> </span>crescita <span class=\"_ _6\"></span>dei <span class=\"_ _6\"> </span>consumi <span class=\"_ _6\"> </span>di </div><div class=\"t m0 x1b h3 y8e0 ff1 fs1 fc1 sc0 ls0 ws0\">energia elettrica e cont<span class=\"_ _3\"></span>emporaneamente a<span class=\"_ _3\"></span> una riduzione dei c<span class=\"_ _3\"></span>onsumi gas.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span> </div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>341<span class=\"ls0\"> </span>Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>gestiti <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>condotte <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>necessariamente <span class=\"_ _6\"></span>tenuto <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>della diversa natura dell\u2019at<span class=\"_ _3\"></span>tivit\u00e0 regolata di distribu<span class=\"_ _3\"></span>zione e dell\u2019attivit\u00e0<span class=\"_ _3\"></span> di vendita a libero merc<span class=\"_ _3\"></span>ato.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Relativamente <span class=\"_ _8\"> </span>all\u2019attivit\u00e0 <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>distribuzione <span class=\"_ _8\"> </span>gas, <span class=\"_ _8\"> </span>va <span class=\"_ _8\"> </span>anzitutto <span class=\"_ _8\"> </span>ricordato <span class=\"_ _8\"> </span>che <span class=\"_ _2\"> </span>le <span class=\"_ _8\"> </span>attivit\u00e0 <span class=\"_ _8\"> </span>manutentive <span class=\"_ _8\"> </span>ordinarie <span class=\"_ _8\"> </span>e straordinarie, <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>prevista <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>remunerazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>tariffaria, <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrelate <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>fisicit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>degli <span class=\"_ _7\"></span>asset <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>volumi <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> gas <span class=\"_ _6\"></span>distribuito. <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>rinnovo, <span class=\"_ _6\"></span>infat<span class=\"_ _3\"></span>ti, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>poste <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>risoluzione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>criticit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>tramite interventi <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>evento, <span class=\"_ _7\"></span>conseguenti <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span><span class=\"ff5\">esempio <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>dispersione<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>rottura <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>rete <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>dell\u2019impi<span class=\"_ _3\"></span>anto, <span class=\"_ _7\"></span>oppure <span class=\"_ _6\"></span>tramite<span class=\"_ _3\"></span> </span>interventi programm<span class=\"_ _3\"></span>ati per rispetto dei dettami <span class=\"_ _3\"></span>della normativa te<span class=\"_ _3\"></span>cnica e regolatoria.<span class=\"_ _5\"></span> Il <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>transizionale <span class=\"_ _6\"></span>relativo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>ca<span class=\"_ _5\"></span>mbiament<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>climatico <span class=\"_ _6\"></span>appare <span class=\"_ _6\"></span>dunque <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>dipendente <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>decisioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>natura strettamente <span class=\"_ _e\"></span>regolatoria <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>dai <span class=\"_ _e\"> </span>futuri <span class=\"_ _e\"></span>sviluppi <span class=\"_ _e\"></span>sistemici <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>rete <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distribuzione <span class=\"_ _6\"></span>del <span class=\"_ _d\"> </span>gas. <span class=\"_ _e\"></span>Una <span class=\"_ _e\"></span>prospettiva <span class=\"_ _6\"></span>ritenuta probabile <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>quella<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>potrebbe <span class=\"_ _6\"></span>prevedere <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odifica <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>driver <span class=\"_ _6\"></span>generanti <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>fabbis<span class=\"_ _3\"></span>ogno <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sviluppo della <span class=\"_ _5\"></span>rete <span class=\"_ _5\"></span>gas, <span class=\"_ _5\"></span>passando dalla <span class=\"_ _5\"></span>necessit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>soddisfare <span class=\"_ _5\"></span>esigenze di <span class=\"_ _5\"></span>consumo <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>necessit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>soddisfare esigenze <span class=\"_ _5\"></span>di immissione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>biometano <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>general<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>green <span class=\"_ _7\"></span>gas <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>possano <span class=\"_ _5\"></span>abilitare <span class=\"_ _5\"></span>sistemi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>produzione <span class=\"_ _5\"></span>energetica <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>fonti rinnovabili. Anche <span class=\"_ _6\"></span>Arera,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>sotto <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>esto <span class=\"_ _6\"></span>punto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>vista, <span class=\"_ _7\"></span>ha <span class=\"_ _6\"></span>mostrato <span class=\"_ _6\"></span>intere<span class=\"_ _3\"></span>sse <span class=\"_ _6\"></span>ad <span class=\"_ _7\"></span>approfondire <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>tematiche <span class=\"_ _6\"></span>legate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>eventuali costi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>transizione <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>potrebbero <span class=\"_ _6\"></span>emerg<span class=\"_ _3\"></span>ere <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>momento <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>vi <span class=\"_ _6\"></span>sar\u00e0 <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>contrazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>consu<span class=\"_ _5\"></span>mi <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>quindi <span class=\"_ _7\"></span>un declino <span class=\"_ _e\"> </span>nell\u2019utilizzo<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>tale <span class=\"_ _e\"> </span>vettore <span class=\"_ _e\"> </span>energetico. <span class=\"_ _e\"> </span>Dal <span class=\"_ _e\"> </span>Quadro <span class=\"_ _e\"> </span>Strategico <span class=\"_ _e\"> </span>2022<span class=\"_ _5\"></span><span class=\"ff1\">-<span class=\"lse\">20</span>25 <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>merge <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>consapevolezza <span class=\"_ _e\"></span>della </span>necessit\u00e0 <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>riflettere <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _6\"></span>pos<span class=\"_ _3\"></span>sano <span class=\"_ _6\"></span>essere <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>opportuni <span class=\"_ _7\"></span>strumenti, <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>regolatori, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>favorire <span class=\"_ _6\"></span>la<span class=\"_ _3\"></span> realizzazione  degli  inv<span class=\"_ _3\"></span>estimenti  di  effettiva  utilit\u00e0<span class=\"_ _3\"></span>  per  il  sistema,  nel  rispetto  di  cri<span class=\"_ _3\"></span>teri  efficienza  e  sosteni<span class=\"_ _3\"></span>bilit\u00e0 economica. Allo <span class=\"_ _d\"> </span>stato <span class=\"_ _f\"> </span>attuale, <span class=\"_ _d\"> </span>l\u2019Ente <span class=\"_ _d\"> </span><span class=\"ff1\">r<span class=\"_ _5\"></span>egolatore <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>ha <span class=\"_ _f\"> </span>per\u00f2 <span class=\"_ _d\"> </span>emanato <span class=\"_ _d\"> </span>alcun <span class=\"_ _d\"> </span>provvedimento <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>itenendo <span class=\"_ _e\"> </span>di <span class=\"_ _f\"> </span>procedere <span class=\"_ _e\"> </span>in <span class=\"_ _f\"> </span>piena </span>continuit\u00e0 <span class=\"_ _6\"></span>con <span class=\"_ _e\"></span>gli <span class=\"_ _6\"></span>attuali <span class=\"_ _6\"></span>criteri <span class=\"_ _6\"></span>regolatori. <span class=\"_ _e\"></span>Pertanto, <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>queste <span class=\"_ _6\"></span>considerazioni, <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>ritiene <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>non siano <span class=\"_ _6\"></span>riscontrabili <span class=\"_ _6\"></span>nell\u2019attuale <span class=\"_ _6\"></span>quadro <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>elementi <span class=\"_ _6\"></span>tali <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>poter <span class=\"_ _6\"> </span>presuppore <span class=\"_ _6\"> </span>una <span class=\"_ _6\"> </span>severa <span class=\"_ _e\"> </span>discontinuit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"> </span>del sistema <span class=\"_ _5\"></span>senza <span class=\"_ _7\"></span>meccanismi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>tutela <span class=\"_ _7\"></span>dell\u2019equilibrio <span class=\"_ _5\"></span>finanziario <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>gestiscono <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>servizio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>distribuzione gas. La <span class=\"_ _6\"></span>distribuzione <span class=\"_ _6\"></span>elettrica, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>contr<span class=\"_ _3\"></span>o, <span class=\"_ _6\"></span>sar\u00e0 <span class=\"_ _6\"></span>un\u2019attivit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>impatto <span class=\"_ _6\"></span>sempre <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _6\"></span>crescente <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>ret<span class=\"_ _3\"></span>e <span class=\"_ _6\"> </span>energetica <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>via dell\u2019elettrificazione<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>dei <span class=\"_ _6\"></span>consumi. <span class=\"_ _6\"></span>Ci\u00f2 <span class=\"_ _6\"> </span>potr\u00e0 <span class=\"_ _e\"> </span>rappresentare <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tutti <span class=\"_ _6\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _6\"> </span>un\u2019opportunit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>sviluppo <span class=\"_ _e\"> </span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"> </span>Gruppo, specie nello scenario i<span class=\"_ _3\"></span>n cui saranno messe a<span class=\"_ _3\"></span> gara le attuali conc<span class=\"_ _3\"></span>essioni.<span class=\"_ _5\"></span> Relativamente <span class=\"_ _7\"></span>all\u2019attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>vendita, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odellizzato <span class=\"_ _7\"></span>uno <span class=\"_ _7\"></span>scenario <span class=\"_ _6\"></span>oltre <span class=\"_ _7\"></span>l\u2019orizzonte <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>piano <span class=\"_ _6\"></span>che, <span class=\"_ _7\"></span>tenendo <span class=\"_ _7\"></span>conto dei  rischi <span class=\"_ _4\"> </span>transizionali,  proietta <span class=\"_ _4\"> </span>consumi <span class=\"_ _4\"> </span>dei <span class=\"_ _4\"> </span>clienti  p<span class=\"_ _5\"></span>er  servizio  e <span class=\"_ _4\"> </span>tipologia <span class=\"_ _4\"> </span>d\u2019uso <span class=\"_ _4\"> </span>fino <span class=\"_ _4\"> </span>al <span class=\"_ _4\"> </span>2050. <span class=\"_ _4\"> </span>In <span class=\"_ _4\"> </span>particolare, considerando <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>vari <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>dinamiche <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>efficientament<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>transizione <span class=\"_ _6\"></span>energetica, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>calcolati <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>volumi medi <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>cluster <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>clientela <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>stati <span class=\"_ _7\"></span>applicati <span class=\"_ _7\"></span>tassi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>crescita/decrescita <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>empo. <span class=\"_ _5\"></span>Per <span class=\"_ _7\"></span>fornire <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>stima <span class=\"_ _7\"></span>della marginalit\u00e0 <span class=\"_ _6\"></span>complessiva, <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>operato <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>step <span class=\"_ _e\"> </span>intermedi, <span class=\"_ _6\"></span>stimando <span class=\"_ _6\"> </span>l\u2019evoluzione <span class=\"_ _6\"> </span>della <span class=\"_ _e\"> </span>customer <span class=\"_ _6\"> </span>base <span class=\"_ _e\"> </span>in <span class=\"_ _6\"> </span>termini <span class=\"_ _e\"> </span>di punti di fornitura, a cui \u00e8 stato attribuito un volume medi<span class=\"_ _3\"></span>o per segmento corretto nel tempo per considerare gli imp<span class=\"_ _3\"></span>atti della <span class=\"_ _5\"></span>transizione energetica. <span class=\"_ _5\"></span>Nell\u2019ipotesi di <span class=\"_ _5\"></span>mantenere c<span class=\"_ _5\"></span>ostanti nel <span class=\"_ _5\"></span>tempo <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>marginalit\u00e0 ipotizzate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>industriale<span class=\"_ _1\"></span> su ogni servizio/segmento, \u00e8 stata stimata nel periodo<span class=\"_ _3\"></span> 2029<span class=\"_ _5\"></span>-<span class=\"ff5\">2050 una crescita della marginalit\u00e0 dell\u2019energia elettrica,<span class=\"_ _3\"></span> </span>associata a una ridu<span class=\"_ _3\"></span>zione, di entit\u00e0 inferi<span class=\"_ _3\"></span>ore, della marginalit\u00e0 del<span class=\"_ _3\"></span> gas.<span class=\"_ _5\"></span> Al <span class=\"_ _7\"></span>fine <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>volgere <span class=\"_ _5\"></span>un\u2019analisi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>sensitivity <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>relazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>test <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>impairment, <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>proiezioni <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>vendita <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>gas naturale sono state incorp<span class=\"_ _3\"></span>orate nei modelli valutativi, <span class=\"_ _3\"></span>sia rettificando i flussi di cassa annual<span class=\"_ _3\"></span>i fino al 2050 (in base alle<span class=\"_ _7\"></span> ipotesi precedentemente esposte) <span class=\"_ _5\"></span>di mediamente 5<span class=\"_ _5\"></span> milioni <span class=\"_ _5\"></span>di euro, <span class=\"_ _5\"></span>sia nor<span class=\"_ _5\"></span>malizza<span class=\"_ _3\"></span>ndo <span class=\"_ _5\"></span>il f<span class=\"_ _5\"></span>lusso di cassa <span class=\"_ _5\"></span>utilizzato per il <span class=\"_ _5\"></span>calcolo <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>terminale d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>analogo <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Anche in <span class=\"_ _7\"></span>tale <span class=\"_ _5\"></span>scenario ipotetico, <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>risultati <span class=\"_ _5\"></span>ottenuti <span class=\"_ _5\"></span>confermano la piena recuperabilit\u00e0 <span class=\"_ _3\"></span>dei valori degli asset is<span class=\"_ _3\"></span>critti a bilancio.<span class=\"_ _75\"> </span> 2.02.06 <span class=\"ls0\">- Partec<span class=\"_ _3\"></span>ipazioni </span>Nel corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"ff1 lse\">202<span class=\"_ _5\"></span><span class=\"ls0\">4 <span class=\"_ _5\"></span>non sono state <span class=\"_ _5\"></span>effettuate operazioni rilevanti di <span class=\"_ _5\"></span>acquisto o <span class=\"_ _5\"></span>cessione di <span class=\"_ _5\"></span>partecipazioni<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>in </span></span>joint <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>enture, <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _6\"></span>collegat<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>altri <span class=\"_ _6\"></span>veicoli.<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">Le <span class=\"_ _7\"></span>variazioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>all\u2019esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>pertanto<span class=\"_ _5\"></span></span> principalmente riconducibili ai <span class=\"_ _3\"></span>processi valutati<span class=\"ls11\">vi</span> delle soci<span class=\"_ _3\"></span>et\u00e0 partecipate. 26 <span class=\"_ _6\"></span> <span class=\"_ _e\"></span>Partecipazioni <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>metodo <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>patrimonio netto e Altre pa<span class=\"_ _3\"></span>rtecipazioni 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Partecipazioni valutat<span class=\"_ _3\"></span>e con il metodo del <span class=\"_ _3\"></span>patrimonio netto 127,3 147,0 (19,7) Altre partecipazi<span class=\"_ _3\"></span>oni 47,3 48,6 (1,3) Totale 174,6 195,6 (21,0) 342<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>Le <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>joint <span class=\"_ _6\"></span>venture <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>societ\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>collegate <span class=\"_ _6\"></span>riflettono <span class=\"_ _6\"></span>il<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>recepiment<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>e delle <span class=\"_ _10\"> </span>perdite <span class=\"_ _10\"> </span>pro-quota <span class=\"_ _10\"> </span>consuntivati <span class=\"_ _10\"> </span>dalle <span class=\"_ _10\"> </span>rispettive <span class=\"_ _10\"> </span>societ\u00e0 <span class=\"_ _10\"> </span>(incluse <span class=\"_ _10\"> </span>le <span class=\"_ _10\"> </span>altre <span class=\"_ _10\"> </span>componenti <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>conto <span class=\"_ _10\"> </span>economico complessivo),  nonch\u00e9 <span class=\"_ _10\"> </span><span class=\"ff5\">l\u2019event<span class=\"_ _3\"></span>uale <span class=\"_ _4\"> </span>riduzione  d<span class=\"_ _5\"></span>el  valore <span class=\"_ _10\"> </span>per  dividendi <span class=\"_ _10\"> </span><span class=\"ff1\">distribuiti  e <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>er  svalutazioni  a<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>seguito  d<span class=\"_ _5\"></span>i </span></span>impairment test. La movimentazione <span class=\"_ _3\"></span>delle partecipazioni cons<span class=\"_ _3\"></span>olidate con il metod<span class=\"_ _3\"></span>o del patrimonio netto risult<span class=\"_ _3\"></span>a essere la seguente:<span class=\"_ _5\"></span> VALORE INIZIA<span class=\"_ _3\"></span>LEINVESTIMENTI <span class=\"_ _3\"></span>E  DISINVESTIME<span class=\"_ _3\"></span>NTIRISULTATO DELL'ESERCIZI<span class=\"_ _3\"></span>ODIVIDENDI DISTRIBUITIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOSVALUTAZIONI E ALTRE VARIAZIO<span class=\"_ _3\"></span>NIVALORE FINAL<span class=\"_ _3\"></span>E31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Societ\u00e0 joint vent<span class=\"_ _3\"></span>ure Enomondo Srl<span class=\"_ _3\"></span> 18,8 \u2010<span class=\"ff4\"> </span>2,2 (2,2) \u2010<span class=\"ff4\"> </span>(0,2) 18,6 Set Spa 27,9 \u2010<span class=\"ff4\"> </span>0,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(5,9) 22,6 Totale societ\u00e0 j<span class=\"_ _3\"></span>oint venture 46,7 \u2010<span class=\"ff2 sc0\"> </span>2,8 (2,2) \u2010<span class=\"ff2 sc0\"> </span>(6,1) 41,2 Societ\u00e0 collegate Aimag Spa 51,2 \u2010<span class=\"ff4\"> </span>1,4 (1,7) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>50,9 Sgr Servizi Spa 25,5 \u2010<span class=\"ff4\"> </span>3,3 (2,1) \u2010<span class=\"ff4\"> </span>0,1 26,8 ASM SET Srl 18,9 \u2010<span class=\"ff4\"> </span>1,5 (1,3) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>19,1 SEA - Servizi Ec<span class=\"_ _3\"></span>ologici Ambientali Srl 9,1 \u2010<span class=\"ff4\"> </span>1,3 (1,4) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>9,0 Totale societ\u00e0 coll<span class=\"_ _3\"></span>egate 104,7 \u2010<span class=\"ff2 sc0\"> </span>7,5 (6,5) \u2010<span class=\"ff2 sc0\"> </span>0,1 105,8 Totale 151,4 \u2010<span class=\"ff2 sc0\"> </span>10,3 (8,7) \u2010<span class=\"ff2 sc0\"> </span>(6,0) 147,0 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span>Societ\u00e0 joint vent<span class=\"_ _3\"></span>ure Enomondo Srl<span class=\"_ _3\"></span> 18,6 \u2010<span class=\"ff4\"> </span>2,6 (1,4) \u2010<span class=\"ff4\"> </span>(0,1) 19,7 Set Spa 22,6 \u2010<span class=\"ff4\"> </span>(0,2) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(22,1) 0,3 Totale societ\u00e0 j<span class=\"_ _3\"></span>oint venture 41,2 \u2010<span class=\"ff2 sc0\"> </span>2,4 (1,4) \u2010<span class=\"ff2 sc0\"> </span>(22,2) 20,0 Societ\u00e0 collegate Aimag Spa 50,9 \u2010<span class=\"ff4\"> </span>1,5 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(4,9) 47,5 Sgr Servizi Spa 26,8 \u2010<span class=\"ff4\"> </span>5,8 (2,2) \u2010<span class=\"ff4\"> </span>(0,1) 30,3 ASM SET Srl 19,1 \u2010<span class=\"ff4\"> </span>1,3 (1,3) \u2010<span class=\"ff4\"> </span>0,1 19,2 SEA - Servizi Ec<span class=\"_ _3\"></span>ologici Ambientali Srl 9,0 \u2010<span class=\"ff4\"> </span>1,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>10,3 Totale societ\u00e0 coll<span class=\"_ _3\"></span>egate 105,8 \u2010<span class=\"ff2 sc0\"> </span>9,9 (3,5) \u2010<span class=\"ff2 sc0\"> </span>(4,9) 107,3 Totale 147,0 \u2010<span class=\"ff2 sc0\"> </span>12,3 (4,9) \u2010<span class=\"ff2 sc0\"> </span>(27,1) 127,3 Il <span class=\"_ _f\"> </span>risultato <span class=\"_ _d\"> </span><span class=\"ff5\">dell\u2019esercizio</span><span class=\"ls16\">, <span class=\"_ _d\"> </span></span>in <span class=\"_ _f\"> </span>miglioramento <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all<span class=\"_ _5\"></span><span class=\"ff5\">\u2019anno <span class=\"_ _d\"> </span>precedente, <span class=\"_ _d\"> </span>\u00e8  </span>i<span class=\"_ _3\"></span>nfluenzato <span class=\"_ _d\"> </span>positivamente <span class=\"_ _d\"> </span>da<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>maggior<span class=\"ls23\">i </span>risultati <span class=\"_ _6\"></span>conseguiti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>Sgr <span class=\"_ _6\"></span>S<span class=\"_ _3\"></span>ervizi <span class=\"_ _6\"></span>Spa, <span class=\"_ _6\"></span>operante <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>vendita <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>clienti <span class=\"_ _7\"></span>finali <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>commodity<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>gas <span class=\"_ _6\"></span>ed energia elettrica, parzialm<span class=\"_ _3\"></span>ente compensati dalla contrazione dei risultati della s<span class=\"_ _3\"></span>ociet\u00e0 Set Spa.<span class=\"_ _75\"> </span> Le <span class=\"_ _f\"> </span>\u201cSvalutazioni <span class=\"_ _f\"> </span>e  a<span class=\"_ _3\"></span>ltre <span class=\"_ _f\"> </span>variazioni\u201d <span class=\"_ _f\"> </span>accolgono<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _f\"> </span>principalmente <span class=\"_ _f\"> </span>le  ris<span class=\"_ _3\"></span>ultanze <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>valutazioni <span class=\"_ _f\"> </span>condotte <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>sede <span class=\"_ _f\"> </span>di<span class=\"_ _5\"></span> </span>impairment <span class=\"_ _e\"></span>test <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>relazione <span class=\"_ _e\"> </span>alla <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _d\"> </span>joint <span class=\"_ _e\"></span>venture <span class=\"_ _e\"></span>Set <span class=\"_ _e\"> </span>Spa <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>collegata <span class=\"_ _6\"></span>Aimag <span class=\"_ _e\"> </span>Spa<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _d\"> </span></span>Per <span class=\"_ _e\"></span>maggiori dettagli <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ulle <span class=\"_ _d\"> </span>assunzioni <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>sui <span class=\"_ _d\"> </span>ri<span class=\"_ _5\"></span>sultati <span class=\"_ _e\"></span>dei <span class=\"_ _d\"> </span>test <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>mpairment <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>cu<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>oggetti <span class=\"_ _e\"> </span>i <span class=\"_ _d\"> </span>valori <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>scrizione <span class=\"_ _e\"> </span>delle partecipazioni in <span class=\"_ _5\"></span>societ\u00e0 c<span class=\"_ _5\"></span>ollega<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>rappresentano veicoli <span class=\"_ _5\"></span>attraverso i <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo detiene quote <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>produzione di <span class=\"_ _5\"></span>impianti <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>generazione e<span class=\"_ _5\"></span>lettrica <span class=\"_ _5\"></span>(Set <span class=\"_ _5\"></span>Spa <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>Tamarete <span class=\"_ _5\"></span>Energia <span class=\"_ _5\"></span>Srl) <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>quanto <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>nella <span class=\"_ _5\"></span>successiva nota 27 \u201cImpairment te<span class=\"_ _3\"></span>st partecipazioni\u201d.<span class=\"ff1\"> </span>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>343<span class=\"ls0\"> </span>Le Altre <span class=\"ff5\">partecipazioni in imp<span class=\"_ _3\"></span>rese non rientranti nell<span class=\"_ _3\"></span>\u2019area di consolidam<span class=\"_ _3\"></span>ento hanno registrato l<span class=\"_ _3\"></span>e seguenti variazioni:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>GERARCHIA FAIR VALUE VALORE INIZIA<span class=\"_ _3\"></span>LEINVESTIMENTI <span class=\"_ _3\"></span>EDISINVESTIME<span class=\"_ _3\"></span>NTIVALUTAZIONI A FAIR VALUEALTRE VARIAZIO<span class=\"_ _3\"></span>NIVALORE FINAL<span class=\"_ _3\"></span>E31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Ascopiave Spa 1 27,6 \u2010<span class=\"ff4\"> </span>(1,7) \u2010<span class=\"ff4\"> </span>25,9 Calenia Energia S<span class=\"_ _3\"></span>pa 3 1,7 \u2010<span class=\"ff4\"> </span>12,7 \u2010<span class=\"ff4\"> </span>14,4 Veneta Sanitaria Fi<span class=\"_ _3\"></span>nanza di Progetto Spa 3 3,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,6 Altre minori 3 6,0 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(1,3) 4,7 Totale 38,9 \u2010<span class=\"ff2 sc0\"> </span>11,0 (1,3) 48,6 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span>Ascopiave Spa 1 25,9 \u2010<span class=\"ff4\"> </span>5,7 \u2010<span class=\"ff4\"> </span>31,6 Calenia Energia S<span class=\"_ _3\"></span>pa 3 14,4 \u2010<span class=\"ff4\"> </span>(9,6) \u2010<span class=\"ff4\"> </span>4,8 Veneta Sanitaria Fi<span class=\"_ _3\"></span>nanza di Progetto Spa 3 3,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,6 Sinergas Spa 3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>2,3 2,3 Altre minori 3 4,7 0,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>5,0 Totale 48,6 0,3 (3,9) 2,3 47,3 Nel caso di partecipazi<span class=\"_ _3\"></span>oni aventi gerarchia 1 <span class=\"_ _3\"></span>di fair value, l\u2019adeguamento<span class=\"_ _3\"></span> di valore, rilevato tr<span class=\"_ _3\"></span>a le componenti di conto<span class=\"_ _1\"></span> economico <span class=\"_ _5\"></span>complessivo, <span class=\"_ _5\"></span>permette <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>llineare <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>carico <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>az<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>quotazioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>fine <span class=\"_ _7\"></span>anno. Nel <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>partecipazioni aventi <span class=\"_ _5\"></span>gerarchia <span class=\"_ _5\"></span>3, le <span class=\"_ _5\"></span>risultanze <span class=\"_ _5\"></span>ottenute dall\u2019applicazione di <span class=\"_ _5\"></span>tecniche valutative <span class=\"_ _5\"></span>basate <span class=\"_ _5\"></span>su stime <span class=\"_ _7\"></span>interne, <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>asse<span class=\"_ _3\"></span>nza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>arametri <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>osservabili, <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>comportato <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>tra<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>di conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>complessivo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>adeguamento <span class=\"_ _6\"></span>negativo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>partecipazione <span class=\"_ _6\"></span>nel<span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>societ\u00e0 Calenia Energia Spa. Si <span class=\"_ _6\"></span>espongono <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rincipali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>aggregati <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>joint <span class=\"_ _6\"></span>venture <span class=\"_ _6\"></span>Enomondo <span class=\"_ _6\"></span>Srl <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _6\"></span></span>S<span class=\"_ _3\"></span>et <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _7\"></span>a in<span class=\"ls0\">fluenza notevole (Aimag<span class=\"_ _3\"></span> Spa, ASM S<span class=\"_ _3\"></span>ET Srl, SEA Srl, Sgr Servizi Spa e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>Tamarete Energia Srl): </span>ATTIVIT\u00c0 SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti Immobili, impianti e m<span class=\"_ _3\"></span>acchinari 125,0 305,5 430,5 Diritti d'uso \u2010<span class=\"ff4\"> </span>0,8 0,8 Attivit\u00e0 immateriali 0,3 58,3 58,6 Avviamento \u2010<span class=\"ff4\"> </span>98,0 98,0 Altre partecipazi<span class=\"_ _3\"></span>oni \u2010<span class=\"ff4\"> </span>6,8 6,8 Attivit\u00e0 finanziarie 0,1 13,5 13,6 Attivit\u00e0 per imposte differit<span class=\"_ _1\"></span>e 1,9 1,1 3,0 Totale attivit\u00e0 n<span class=\"_ _3\"></span>on correnti 127,3 484,0 611,3 Attivit\u00e0 correnti Rimanenze 3,4 3,5 6,9 Crediti commerci<span class=\"_ _3\"></span>ali 62,1 212,0 274,1<span class=\"_ _75\"> </span> Attivit\u00e0 finanziarie \u2010<span class=\"ff4\"> </span>3,8 3,8 Attivit\u00e0 per imposte c<span class=\"_ _3\"></span>orrenti 5,9 0,2 6,1 Attivit\u00e0 derivanti da c<span class=\"_ _3\"></span>ontratti verso clie<span class=\"_ _3\"></span>nti correnti \u2010<span class=\"ff4\"> </span>0,1 0,1 Altre attivit\u00e0 corr<span class=\"_ _3\"></span>enti 8,1 100,8 108,9 Strumenti derivati<span class=\"_ _3\"></span> 0,1 \u2010<span class=\"ff4\"> </span>0,1 Disponibilit\u00e0 liquide e <span class=\"_ _3\"></span>mezzi equivalenti 13,0 24,2 37,2 Totale attivit\u00e0 c<span class=\"_ _3\"></span>orrenti 92,6 344,6 437,2 Totale attivit\u00e0 219,9 828,6 1.048,5<span class=\"_ _75\"> </span> 344<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>PATRIMONIO N<span class=\"_ _3\"></span>ETTO E PASSIVIT<span class=\"_ _3\"></span>\u00c0 SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Capitale sociale e r<span class=\"_ _3\"></span>iserve Capitale sociale 14,1 87,9 102,0 Riserve 93,1 232,0 325,1 Utile (perdita) dell'<span class=\"_ _3\"></span>esercizio 4,8 33,5 38,3 Patrimonio nett<span class=\"_ _3\"></span>o del Gruppo 112,0 353,4 465,4 Interessenze di minor<span class=\"_ _3\"></span>anza 15,6 15,6 Totale patrimonio <span class=\"_ _3\"></span>netto 112,0 369,0 481,0 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 23,8 204,9 228,7 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing \u2010<span class=\"ff4\"> </span>0,6 0,6 Benefici ai dipende<span class=\"_ _3\"></span>nti 0,3 6,1 6,4 Fondi 0,3 44,4 44,7 Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite 0,3 0,5 0,8 Strumenti finanziari d<span class=\"_ _3\"></span>erivati 0,1 \u2010<span class=\"ff4\"> </span>0,1 Totale passivit\u00e0 n<span class=\"_ _3\"></span>on correnti 24,8 256,5 281,3 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 6,7 0,1 6,8 Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing \u2010<span class=\"ff4\"> </span>0,2 0,2 Debiti commerciali 69,2 162,9 232,1 Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste correnti 0,2 \u2010<span class=\"ff4\"> </span>0,2 Altre passivit\u00e0 corr<span class=\"_ _3\"></span>enti 7,0 39,9 46,9 Totale passivit\u00e0 c<span class=\"_ _3\"></span>orrenti 83,1 203,1 286,2 Totale passivit\u00e0<span class=\"_ _3\"></span> 107,9 459,6 567,5 Totale patrimonio <span class=\"_ _3\"></span>netto e totale p<span class=\"_ _3\"></span>assivit\u00e0 219,9 828,6 1.048,5 CONTO ECONOMI<span class=\"_ _3\"></span>CO SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Ricavi 132,1 673,1 805,2 Altri ricavi operativi 5,1 0,7 5,8 Materie prime e materi<span class=\"_ _3\"></span>ali (84,8) (395,1) (479,9) Costi per servizi (25,6) (123,3) (148,9) Costi del person<span class=\"_ _3\"></span>ale (2,7) (34,5) (37,2) Ammortamenti a<span class=\"_ _3\"></span>ccantonamenti e svaluta<span class=\"_ _3\"></span>zioni (15,0) (55,2) (70,2) Altre spese operati<span class=\"_ _3\"></span>ve (0,7) (8,4) (9,1) Utile operativo 8,4 57,3 65,7 Proventi finanziari 0,5 11,2 11,7 Oneri finanziari (2,7) (17,8) (20,5) Totale gestione fi<span class=\"_ _3\"></span>nanziaria (2,2) (6,6) (8,8) Altri ricavi (costi) <span class=\"_ _3\"></span>non operativi (0,1) \u2010<span class=\"ff4\"> </span>(0,1) Utile prima dell<span class=\"_ _3\"></span>e imposte 6,1 50,7 56,8 Imposte del peri<span class=\"_ _3\"></span>odo (1,3) (16,2) (17,5) Utile netto del p<span class=\"_ _3\"></span>eriodo 4,8 34,5 39,3<span class=\"_ _75\"> </span><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">345<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">27  Impairment <span class=\"_ _3\"></span>test partecipazi<span class=\"_ _3\"></span>oni </div><div class=\"t m0 x23 h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y479 ff1 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>generazione <span class=\"_ _5\"></span>elettrica, <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>presenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>indicatori <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>impairment <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>continuit\u00e0 <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>gli </div><div class=\"t m0 x23 h3 y47a ff1 fs1 fc1 sc0 ls0 ws0\">esercizi  precedenti,  \u00e8  stata  svolta  un<span class=\"_ _3\"></span>a  valutazione  approfondita  del  valore  rec<span class=\"_ _3\"></span>uperabile  delle  partecipazioni  a </div><div class=\"t m0 x23 h43 y47b ff5 fs1 fc1 sc0 ls0 ws0\">influenza <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>otevole <span class=\"_ _5\"></span>detenute <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>Gruppo, <span class=\"_ _7\"></span>oltre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>correlate <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>finanziarie, <span class=\"_ _7\"></span>operanti <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>settore. <span class=\"_ _7\"></span>L\u2019analisi <span class=\"_ _7\"></span>\u00e8 </div><div class=\"t m0 x23 h43 y47c ff5 fs1 fc1 sc0 ls0 ws0\">stata c<span class=\"_ _5\"></span>ondotta attraverso <span class=\"_ _5\"></span>l\u2019attualizzazione dei <span class=\"_ _5\"></span>flussi di<span class=\"_ _5\"></span> cassa <span class=\"_ _5\"></span>previsti, s<span class=\"_ _5\"></span>viluppati in <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>arco t<span class=\"_ _5\"></span>emporale coerente <span class=\"_ _5\"></span>con la </div><div class=\"t m0 x23 h3 y47d ff1 fs1 fc1 sc0 ls0 ws0\">vita utile degli impi<span class=\"_ _3\"></span>anti, per le societ\u00e0 Set S<span class=\"_ _3\"></span>pa e Tamarete Energ<span class=\"_ _3\"></span>ia Srl.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y47e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y47f ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019esercizio 2024 \u00e8 stato caratterizzato da una dinam<span class=\"_ _3\"></span>ica rialzista del prezzo del gas e dell\u2019energia<span class=\"_ _3\"></span> elettrica sui mercati </div><div class=\"t m0 x23 h3 y480 ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _7\"></span>riferimento, <span class=\"_ _7\"></span>seppur <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>livelli <span class=\"_ _7\"></span>inferiori <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>passato <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>mantengono <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>Clean <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>park <span class=\"_ _7\"></span>spread <span class=\"_ _7\"></span>(Css) <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>aseload <span class=\"_ _5\"></span>negativo. </div><div class=\"t m0 x23 h3 y481 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _d\"> </span>t<span class=\"_ _5\"></span>endenza <span class=\"_ _e\"> </span>nel<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>breve<span class=\"_ _5\"></span>-medio <span class=\"_ _d\"> </span>termine <span class=\"_ _d\"> </span>non <span class=\"_ _f\"> </span>mostra <span class=\"_ _d\"> </span>segnali <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>miglioramento <span class=\"_ _e\"> </span>del<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>Css <span class=\"_ _f\"> </span>baseload, <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>crescente </div><div class=\"t m0 x23 h3 y482 ff1 fs1 fc1 sc0 ls0 ws0\">penetrazione <span class=\"_ _e\"> </span>delle <span class=\"_ _f\"> </span>F<span class=\"lse\">er</span> <span class=\"_ _f\"> </span><span class=\"ff5\">e <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>l\u2019ingresso <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>n<span class=\"_ _5\"></span>uova <span class=\"_ _e\"> </span>capacit\u00e0  </span>C<span class=\"_ _3\"></span>ombined <span class=\"_ _d\"> </span>cycle <span class=\"_ _d\"> </span>gas <span class=\"_ _d\"> </span>turbine <span class=\"_ _f\"> </span>(Ccgt) <span class=\"_ _d\"> </span>ad <span class=\"_ _d\"> </span>alta <span class=\"_ _d\"> </span>efficienza </div><div class=\"t m0 x23 h3 y483 ff1 fs1 fc1 sc0 ls0 ws0\">incentivata <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>aste <span class=\"_ _7\"></span>Capacity <span class=\"_ _5\"></span>Market <span class=\"_ _7\"></span>con <span class=\"_ _5\"></span>pressione <span class=\"_ _5\"></span>competitiva s<span class=\"_ _5\"></span>ui <span class=\"_ _7\"></span>Ccgt <span class=\"_ _5\"></span>esistenti <span class=\"_ _5\"></span>caratterizzati <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>minore <span class=\"_ _5\"></span>efficienza. </div><div class=\"t m0 x23 h43 y484 ff5 fs1 fc1 sc0 ls0 ws0\">Sono <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>iverse <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ause <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>determinato <span class=\"_ _5\"></span>l\u2019andamento <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>dell\u2019energia <span class=\"_ _5\"></span>elettrica <span class=\"_ _7\"></span>negli <span class=\"_ _5\"></span>ultimi <span class=\"_ _7\"></span>anni <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>che </div><div class=\"t m0 x23 h43 y485 ff5 fs1 fc1 sc0 ls0 ws0\">possono <span class=\"_ _7\"></span>ricondursi <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>fattori <span class=\"_ _7\"></span>congiunturali,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>sia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>lato <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span>la <span class=\"_ _7\"></span>domanda <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>lato <span class=\"_ _6\"></span>dell\u2019o<span class=\"_ _3\"></span>fferta. <span class=\"_ _7\"></span>I <span class=\"_ _6\"></span>principal<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>fattori <span class=\"_ _6\"></span>che </div><div class=\"t m0 x23 h3 y486 ff1 fs1 fc1 sc0 ls0 ws0\">hanno influito sulla di<span class=\"_ _3\"></span>namica dei prezzi sono <span class=\"_ _3\"></span>attribuibili a: </div><div class=\"t m0 x23 h5a y107d ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">crescente <span class=\"_ _6\"></span>partecipazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>produzione <span class=\"_ _7\"></span>rinnovabile <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mix <span class=\"_ _6\"></span>produttivo <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>costante <span class=\"_ _6\"></span>aumento <span class=\"_ _6\"></span>delle<span class=\"_ _3\"></span> </span></span></div><div class=\"t m0 x63 h3 yfe4 ff1 fs1 fc1 sc0 ls0 ws0\">installazioni di impia<span class=\"_ _3\"></span>nti eolici e fotovoltai<span class=\"_ _3\"></span>ci;<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a y1dd7 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">crescita <span class=\"_ _5\"></span>contenuta del <span class=\"_ _5\"></span>Pil <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>spinta a<span class=\"_ _5\"></span>ll\u2019efficie<span class=\"_ _3\"></span>ntamento d<span class=\"_ _5\"></span>ei consumi <span class=\"_ _5\"></span>(<span class=\"_ _5\"></span>guidato<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>dagli <span class=\"_ _5\"></span>obiettivi delle <span class=\"_ _5\"></span>politiche e<span class=\"_ _5\"></span>uropee </span></span></div><div class=\"t m0 x63 h3 y1dd8 ff1 fs1 fc1 sc0 ls0 ws0\">e nazionali sul clima) c<span class=\"_ _3\"></span>he hanno contribuito a<span class=\"_ _3\"></span> una modesta cres<span class=\"_ _3\"></span>cita della domanda di en<span class=\"_ _3\"></span>ergia;<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a y124c ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">politiche europee e n<span class=\"_ _3\"></span>azionali volte a favorir<span class=\"_ _3\"></span>e la riduzione delle <span class=\"_ _3\"></span>emissioni di CO<span class=\"_ _75\"> </span></span></span></div><div class=\"t m0 x28 h7b yf84 ff1 fs19 fc1 sc0 ls0 ws0\">2<span class=\"_ _75\"> </span></div><div class=\"t m0 xbe h3 y124c ff1 fs1 fc1 sc0 ls1e ws0\">. <span class=\"ls0\"> </span></div><div class=\"t m0 x23 h3 y1c5e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1227 ff1 fs1 fc1 sc0 ls0 ws0\">Sulla base degli scenari elaborati, si ritien<span class=\"_ _3\"></span>e che il mercato manterr\u00e0 livelli di Clean spark spread baseload neg<span class=\"_ _3\"></span>ativi, in </div><div class=\"t m0 x23 h3 y1dd9 ff1 fs1 fc1 sc0 ls0 ws0\">particolare per un com<span class=\"_ _3\"></span>binato disposto di molteplici effetti, tra cui: </div><div class=\"t m0 x23 h5a y3ea ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ingresso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>nuova <span class=\"_ _7\"></span>capacit\u00e0 <span class=\"_ _5\"></span>Ccgt <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>levata <span class=\"_ _5\"></span>efficienza, <span class=\"_ _7\"></span>sovvenzionata <span class=\"_ _5\"></span>dal <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>eccanismo <span class=\"_ _5\"></span>del<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Capacity <span class=\"_ _5\"></span>Market <span class=\"_ _7\"></span>che </span></span></div><div class=\"t m0 x63 h3 y3eb ff1 fs1 fc1 sc0 ls0 ws0\">sta andando a sostit<span class=\"_ _3\"></span>uire gli impianti a carb<span class=\"_ _3\"></span>one in vista del phase-<span class=\"ff5\">out di quest\u2019ultimo entro il 2<span class=\"_ _3\"></span>030;<span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h5a y1dda ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fine ciclo <span class=\"_ _5\"></span>di vita de<span class=\"_ _5\"></span>gli impianti Ccgt caratterizzati da <span class=\"_ _5\"></span>minore efficienza che, gi\u00e0 da <span class=\"_ _5\"></span>diversi anni, crea c<span class=\"_ _5\"></span>ondizioni di </span></span></div><div class=\"t m0 x63 h3 y1d77 ff1 fs1 fc1 sc0 ls0 ws0\">mercato <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>avorevoli <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>interventi <span class=\"_ _5\"></span>volti <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>migliorare <span class=\"_ _7\"></span>efficienza <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>flessibilit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>roveranno <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>adeguato <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>torno </div><div class=\"t m0 x63 h43 y14aa ff5 fs1 fc1 sc0 ls0 ws0\">sull\u2019investimento <span class=\"_ _6\"> </span>con<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>marginalit\u00e0 <span class=\"_ _e\"> </span>estraibile <span class=\"_ _e\"> </span>dai <span class=\"_ _e\"> </span>mercati <span class=\"_ _e\"> </span>Mgp <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>Msd. <span class=\"_ _e\"> </span>Questi <span class=\"_ _e\"> </span>investimenti <span class=\"_ _e\"> </span>oltre <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>contribuire </div><div class=\"t m0 x63 h3 y1c5f ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019adeguatezza <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>sistema <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>medio<span class=\"_ _5\"></span><span class=\"ff1\">-lungo <span class=\"_ _6\"></span>periodo, <span class=\"_ _6\"></span>risultano <span class=\"_ _6\"></span>necessari <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>garantire <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>adeguato <span class=\"_ _6\"></span>livello <span class=\"_ _6\"></span>di </span></div><div class=\"t m0 x63 h3 y1d78 ff1 fs1 fc1 sc0 ls0 ws0\">marginalit\u00e0; </div><div class=\"t m0 x23 h5a y8d7 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">marginalit\u00e0 di consegu<span class=\"_ _3\"></span>enza contenuta sul merc<span class=\"_ _3\"></span>ato Mgp; </span></span></div><div class=\"t m0 x23 h5a y1c8b ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ruolo <span class=\"_ _d\"> </span>crescente <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>fonti <span class=\"_ _d\"> </span>rinnovabili, <span class=\"_ _d\"> </span>sostenute <span class=\"_ _d\"> </span>anche <span class=\"_ _d\"> </span>dagli <span class=\"_ _d\"> </span>sfidanti <span class=\"_ _d\"> </span>obiettivi <span class=\"_ _d\"> </span>europei <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ecarbonizz<span class=\"_ _3\"></span>azione, </span></span></div><div class=\"t m0 x63 h3 y60e ff1 fs1 fc1 sc0 ls0 ws0\">nonch\u00e9 dalla necessit\u00e0<span class=\"_ _3\"></span> di ridurre il rischio ge<span class=\"_ _3\"></span>opolitico delle fonti e<span class=\"_ _3\"></span>nergetiche.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y60f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y610 ff1 fs1 fc1 sc0 ls0 ws0\">Ci\u00f2 <span class=\"_ _e\"> </span>premesso, <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>cassa <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>uturi <span class=\"_ _e\"></span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _e\"> </span>determinati <span class=\"_ _d\"> </span>sulla <span class=\"_ _e\"> </span>base <span class=\"_ _d\"> </span>dello <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>cenario <span class=\"_ _e\"></span>energetico <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>medio<span class=\"_ _6\"></span>-lu<span class=\"_ _3\"></span>ngo </div><div class=\"t m0 x23 h3 y611 ff1 fs1 fc1 sc0 ls0 ws0\">termine <span class=\"_ _4\"> </span>ritenuto <span class=\"_ _4\"> </span>pi\u00f9 <span class=\"_ _4\"> </span>probabile  d<span class=\"_ _5\"></span>a  parte <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>el  Gruppo, <span class=\"_ _4\"> </span>formulato <span class=\"_ _4\"> </span>sulla <span class=\"_ _4\"> </span>base <span class=\"_ _10\"> </span>di  ipotesi  e<span class=\"_ _5\"></span>laborate  da <span class=\"_ _4\"> </span>un<span class=\"_ _5\"></span>  esperto </div><div class=\"t m0 x23 h3 y612 ff1 fs1 fc1 sc0 ls0 ws0\">indipendente <span class=\"_ _d\"> </span>coerenti <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>on <span class=\"_ _d\"> </span>le<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>aspettative <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>evoluzione <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>domanda <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>energia, <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>potenza <span class=\"_ _d\"> </span>installata, <span class=\"_ _f\"> </span>della </div><div class=\"t m0 x23 h3 y613 ff1 fs1 fc1 sc0 ls0 ws0\">domanda <span class=\"_ _7\"></span>contendibile <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>cicli <span class=\"_ _7\"></span>combinati, <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>margine <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>riserva <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>tteso <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>sistema. <span class=\"_ _7\"></span>Tale <span class=\"_ _7\"></span>scenario <span class=\"_ _7\"></span>modifica <span class=\"_ _7\"></span>quello </div><div class=\"t m0 x23 h3 y614 ff1 fs1 fc1 sc0 ls0 ws0\">utilizzato <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>precedente <span class=\"_ _7\"></span>esercizio, <span class=\"_ _6\"></span>incidendo <span class=\"_ _6\"></span>sui<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valori <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Clean <span class=\"_ _6\"></span>spark<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>spread <span class=\"_ _7\"></span>futuro. <span class=\"_ _6\"></span>I <span class=\"_ _6\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _6\"></span>stimati <span class=\"_ _7\"></span>sono </div><div class=\"t m0 x23 h3 y615 ff1 fs1 fc1 sc0 ls0 ws0\">stati <span class=\"_ _7\"></span>attualizzati <span class=\"_ _5\"></span>utilizzando <span class=\"_ _7\"></span>un <span class=\"_ _5\"></span>Wacc <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>5,73% <span class=\"_ _7\"></span>(rispetto <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>Wacc <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>5,93% <span class=\"_ _7\"></span>utilizzato <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>2023), <span class=\"_ _7\"></span>calcolato <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>le </div><div class=\"t m0 x23 h3 y616 ff5 fs1 fc1 sc0 ls0 ws0\">stesse modalit\u00e0 ill<span class=\"_ _3\"></span>ustrate per le unit\u00e0 ge<span class=\"_ _3\"></span>neratrici di flussi finanzi<span class=\"_ _3\"></span>ari come indicato all<span class=\"_ _3\"></span>a nota 25 \u201cImpairment<span class=\"_ _3\"></span> test asset\u201d.<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y617 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y3a6 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019esito <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>test <span class=\"_ _e\"> </span>ha <span class=\"_ _e\"> </span>comportato <span class=\"_ _6\"> </span>u<span class=\"_ _5\"></span>na <span class=\"_ _e\"> </span>svalutazione <span class=\"_ _6\"> </span>della <span class=\"_ _e\"> </span>partecipazione <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>Set <span class=\"_ _e\"> </span>Spa <span class=\"_ _e\"> </span>pari <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>22,<span class=\"_ _7\"></span><span class=\"ff1\">1 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>euro <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>ha </span></div><div class=\"t m0 x23 h3 y3a7 ff1 fs1 fc1 sc0 ls0 ws0\">confermato <span class=\"_ _6\"></span>uno <span class=\"_ _e\"></span>scenario <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>forte <span class=\"_ _e\"></span>criticit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Tamarete <span class=\"_ _e\"></span>Energi<span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Srl, <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>mergendo<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>presupposti <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>recupero </div><div class=\"t m0 x23 h3 y3a8 ff1 fs1 fc1 sc0 ls0 ws0\">delle somme investite. </div><div class=\"t m0 x23 h3 y3a9 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y3fc ff1 fs1 fc1 sc0 ls0 ws0\">Sono stati ipotizzati, <span class=\"_ _3\"></span>inoltre, due scenari di <span class=\"_ _3\"></span>sensitivity:<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a y3fd ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">una <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rima <span class=\"_ _5\"></span>analisi <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stata <span class=\"_ _7\"></span>sviluppata <span class=\"_ _7\"></span>diminuendo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>Css <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>1 <span class=\"_ _7\"></span>euro/MWh, <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>conseguente <span class=\"_ _5\"></span>riduzione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di </span></span></div><div class=\"t m0 x63 h3 y3fe ff1 fs1 fc1 sc0 ls0 ws0\">cassa sviluppati negli anni di vi<span class=\"_ _3\"></span>ta degli impianti; </div><div class=\"t m0 x23 h5a yb72 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">una seconda analisi <span class=\"_ _3\"></span>ha ipotizzato di attu<span class=\"_ _3\"></span>alizzare tutti i flussi di <span class=\"_ _3\"></span>cassa utilizzato il wacc incr<span class=\"_ _3\"></span>ementato di 25 bps.<span class=\"_ _5\"></span> </span></span></div><div class=\"t m0 x23 h3 y400 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y5b0 ff5 fs1 fc1 sc0 ls0 ws0\">Nel <span class=\"_ _6\"> </span>primo <span class=\"_ _e\"> </span>scenario <span class=\"_ _6\"></span>si <span class=\"_ _6\"> </span>determinerebbe <span class=\"_ _e\"> </span>un\u2019ulteriore <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>Set <span class=\"_ _e\"> </span>Spa <span class=\"_ _6\"></span>per <span class=\"_ _6\"> </span>1<span class=\"_ _5\"></span>,1 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>euro<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _e\"></span>(inclusi <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>crediti </span></div><div class=\"t m0 x23 h3 y1d7f ff1 fs1 fc1 sc0 ls0 ws0\">finanziari), mentre nel <span class=\"_ _5\"></span>secondo scenario il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>della partecipazione r<span class=\"_ _5\"></span>isulterebbe sostanzialm<span class=\"_ _3\"></span>ente allineato a <span class=\"_ _5\"></span>quello </div><div class=\"t m0 x23 h3 y12d1 ff1 fs1 fc1 sc0 ls0 ws0\">di iscrizione attual<span class=\"_ _3\"></span>e.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h3 y12d2 ff1 fs1 fc1 sc0 ls0 ws0\">Al t<span class=\"_ _5\"></span>ermine del <span class=\"_ _5\"></span>processo valutativo il<span class=\"_ _5\"></span> valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>iscrizione di <span class=\"_ _5\"></span>asset finanziari, partecipazione <span class=\"_ _5\"></span>e crediti, <span class=\"_ _5\"></span>relativi a <span class=\"_ _5\"></span>Set <span class=\"_ _5\"></span>Spa </div><div class=\"t m0 x23 h3 y1d80 ff1 fs1 fc1 sc0 ls0 ws0\">risultano <span class=\"_ _5\"></span>rispettivamente p<span class=\"_ _5\"></span>ari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>0,3 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>8,9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro, <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>asset <span class=\"_ _7\"></span>finanziari <span class=\"_ _5\"></span>riferiti <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Tamarete </div><div class=\"t m0 x23 h3 y12d4 ff1 fs1 fc1 sc0 ls0 ws0\">Energia Srl risulta<span class=\"_ _3\"></span>no interamente svalutati. </div><div class=\"t m0 x23 h3 y12d5 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y161b ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div><div class=\"c wc h39 gs900\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">346</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gs901\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gs902\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gs903\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gs904\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs905\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 lsb ws0\">28 <span class=\"ls0\"> Flussi <span class=\"ffd\">mone<span class=\"_ _3\"></span>tari dell\u2019atti<span class=\"_ _3\"></span>vit\u00e0 di investime<span class=\"ff8\">nt<span class=\"_ _3\"></span>o </span></span></span></div><div class=\"t m0 x1b h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y479 ff3 fs1 fc1 sc0 ls0 ws0\">Investimenti in impres<span class=\"_ _3\"></span>e controllate e rami <span class=\"_ _3\"></span>aziendali al netto delle dispo<span class=\"_ _3\"></span>nibilit\u00e0 liquide </div><div class=\"t m0 x1b h3 y47a ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _5\"></span>maggiori dettagli <span class=\"_ _5\"></span>sulle <span class=\"_ _5\"></span>operazioni d<span class=\"_ _5\"></span>i acquisizione<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">realizzate n<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>orso dell\u2019esercizio <span class=\"_ _5\"></span>202</span>4 <span class=\"_ _7\"></span>si rimanda <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>paragrafo </div><div class=\"t m0 x1b h3 y47b ff5 fs1 fc1 sc0 ls0 ws0\">2.02.10 \u201cAltre inform<span class=\"_ _3\"></span>azioni\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y47c ff1 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>iporta <span class=\"_ _e\"></span>nella <span class=\"_ _e\"> </span>tabella <span class=\"_ _d\"> </span>seguente <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>dettaglio <span class=\"_ _f\"> </span>degli <span class=\"_ _e\"> </span>esborsi <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>cassa <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>delle <span class=\"_ _e\"> </span>disponibilit\u00e0 <span class=\"_ _d\"> </span>liquide <span class=\"_ _e\"> </span>ac<span class=\"_ _5\"></span>quisit<span class=\"_ _3\"></span>e, <span class=\"_ _d\"> </span>laddove </div><div class=\"t m0 x1b h3 y47d ff1 fs1 fc1 sc0 ls0 ws0\">presenti, relativamente<span class=\"_ _3\"></span> agli investimenti in <span class=\"_ _3\"></span>imprese e rami azien<span class=\"_ _3\"></span>dali effettuati nel perio<span class=\"_ _3\"></span>do.<span class=\"_ _7\"></span> </div><div class=\"t m0 x1b h3 y47e ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2fa h61 gs906\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w1ec h61 gs907\"><div class=\"t m0 x53 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">TRS </div><div class=\"t m0 xd h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ECOLOGY </div><div class=\"t m0 x53 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">SRL </div></div><div class=\"c w52 h61 gs908\"><div class=\"t m0 x1a3 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">TRIVENETA </div><div class=\"t m0 x32 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SCARL </div></div><div class=\"c w286 h61 gs909\"><div class=\"t m0 x1c h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">RAMO  </div><div class=\"t m0 xa8 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SOELIA </div></div><div class=\"c w2f6 h61 gs90a\"><div class=\"t m0 x94 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE  </div><div class=\"t m0 x19 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">MINORI </div></div><div class=\"c w2fb h61 gs90b\"><div class=\"t m0 xe h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div><div class=\"t m0 x1a3 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">INVESTIMENTI </div></div><div class=\"c w2fa h8e gs90c\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Esborsi di cassa ch<span class=\"_ _3\"></span>e hanno portato </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">all'ottenimento del c<span class=\"_ _3\"></span>ontrollo </div></div><div class=\"c w1ec h8e gs90d\"><div class=\"t m0 x53 hf y625 ff4 fs3 fc10 sc0 ls0 ws0\">23,6 </div></div><div class=\"c w52 h8e gs90e\"><div class=\"t m0 xfd hf y625 ff4 fs3 fc10 sc0 ls0 ws0\">1,0 </div></div><div class=\"c w286 h8e gs90f\"><div class=\"t m0 x93 hf y625 ff4 fs3 fc10 sc0 ls0 ws0\">8,7 </div></div><div class=\"c w2f6 h8e gs910\"><div class=\"t m0 x3e hf y625 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2fb h8e gs911\"><div class=\"t m0 x30 hf y625 ff4 fs3 fc10 sc0 ls0 ws0\">33,4 </div></div><div class=\"c w2fa h90 gs912\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 liquide a<span class=\"_ _3\"></span>cquisite </div></div><div class=\"c w1ec h90 gs913\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w52 h90 gs914\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w286 h90 gs915\"><div class=\"t m0 x7 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f6 h90 gs916\"><div class=\"t m0 x72 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2fb h90 gs917\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,3) </div></div><div class=\"c w2fa h358 gs918\"><div class=\"t m0 x0 h13 y1408 ff2 fs3 fc1 sc0 ls0 ws0\">Investimenti in im<span class=\"_ _3\"></span>prese controllat<span class=\"_ _3\"></span>e e </div><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">rami aziendali al n<span class=\"_ _3\"></span>etto delle </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">disponibilit\u00e0 liq<span class=\"_ _3\"></span>uide </div></div><div class=\"c w1ec h358 gs919\"><div class=\"t m0 x53 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">23,5 </div></div><div class=\"c w52 h358 gs91a\"><div class=\"t m0 xfd h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">0,8 </div></div><div class=\"c w286 h358 gs91b\"><div class=\"t m0 x93 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">8,7 </div></div><div class=\"c w2f6 h358 gs91c\"><div class=\"t m0 x3e h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2fb h358 gs91d\"><div class=\"t m0 x30 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">33,1 </div></div><div class=\"c w2fa h8e gs91e\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Esborsi di cassa in <span class=\"_ _3\"></span>partecipazioni non </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">controllate </div></div><div class=\"c w1ec h8e gs91f\"><div class=\"t m0 xae hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w52 h8e gs920\"><div class=\"t m0 x8c hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w286 h8e gs921\"><div class=\"t m0 x7 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f6 h8e gs922\"><div class=\"t m0 x3e hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2fb h8e gs923\"><div class=\"t m0 xac hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2fa h91 gs924\"><div class=\"t m0 x0 h13 ye2 ff2 fs3 fc1 sc0 ls0 ws0\">Investimenti in im<span class=\"_ _3\"></span>prese controllat<span class=\"_ _3\"></span>e, </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">rami aziendali e altr<span class=\"_ _3\"></span>e partecipazioni </div></div><div class=\"c w1ec h91 gs925\"><div class=\"t m0 x53 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">23,5 </div></div><div class=\"c w52 h91 gs926\"><div class=\"t m0 xfd h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">0,8 </div></div><div class=\"c w286 h91 gs927\"><div class=\"t m0 x93 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">8,7 </div></div><div class=\"c w2f6 h91 gs928\"><div class=\"t m0 x3e h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">0,5 </div></div><div class=\"c w2fb h91 gs929\"><div class=\"t m0 x30 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">33,5 </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x1b h6c y1bc4 ff3 fs1 fc1 sc0 ls0 ws0\">Incremento/decremento di<span class=\"_ _3\"></span> altre attivit\u00e0 di inves<span class=\"_ _3\"></span>timento </div><div class=\"t m0 x1b h3 y1ddf ff1 fs1 fc1 sc0 ls0 ws0\">Di seguito s<span class=\"_ _5\"></span>i riportano le inf<span class=\"_ _5\"></span><span class=\"ff5\">ormazioni sulle variazioni delle <span class=\"_ _5\"></span>altre attivit\u00e0 di<span class=\"_ _5\"></span> investimento intercorse nell\u2019eserci<span class=\"_ _3\"></span>zio 2024<span class=\"_ _7\"></span><span class=\"ff1 ls1e\">, </span></span></div><div class=\"t m0 x1b h3 y1de0 ff1 fs1 fc1 sc0 ls0 ws0\">distinte tra flussi mo<span class=\"_ _3\"></span>netari e flussi non monet<span class=\"_ _3\"></span>ari. </div><div class=\"t m0 x1b h3 y1bc6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2e6 h8e gs92a\"><div class=\"t m0 x0 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">TIPOLOGIA </div></div><div class=\"c w69 h8e gs92b\"><div class=\"t m0 x13 h13 y39 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2e7 h8e gs92c\"><div class=\"t m0 x13 h13 y39 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w1dc h8e gs92d\"><div class=\"t m0 xc0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div><div class=\"t m0 xa5 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">(A) </div></div><div class=\"c w1f1 h8e gs92e\"><div class=\"t m0 xa9 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">FLUSSI NON MON<span class=\"_ _3\"></span>ETARI </div></div><div class=\"c w23c h366 gs92f\"><div class=\"t m0 xf h13 y1591 ff2 fs3 fc2 sc0 ls0 ws0\">FLUSSI </div><div class=\"t m0 x5 h13 y1de2 ff2 fs3 fc2 sc0 ls0 ws0\">MONETARI </div><div class=\"t m0 x9f h13 y126d ff2 fs3 fc2 sc0 ls0 ws0\">(F)=[(B)+(C)<span class=\"_ _75\"> </span></div><div class=\"t m0 x14 h13 y12ad ff2 fs3 fc2 sc0 ls0 ws0\">+(D)+(E)]-<span class=\"_ _75\"> </span></div><div class=\"t m0 x32 h13 y625 ff2 fs3 fc2 sc0 ls0 ws0\">(A) </div></div><div class=\"c w2eb h156 gs930\"><div class=\"t m0 x14 h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">ACQUISIZIONI  </div><div class=\"t m0 xa9 h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">CESSIONI </div><div class=\"t m0 xae h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(B) </div></div><div class=\"c w2ec h156 gs931\"><div class=\"t m0 x5 h13 y87 ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI </div><div class=\"t m0 x9f h13 y5e6 ff2 fs3 fc2 sc0 ls0 ws0\">ECONOMICHE </div><div class=\"t m0 x15 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">VALUTATIVE </div><div class=\"t m0 xa8 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">(C) </div></div><div class=\"c w2ed h156 gs932\"><div class=\"t m0 x182 h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI </div><div class=\"t m0 x14 h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 xa8 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(D) </div></div><div class=\"c w2ee h156 gs933\"><div class=\"t m0 xbc h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE </div><div class=\"t m0 xc h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI </div><div class=\"t m0 x53 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(E) </div></div><div class=\"c w2e6 h61 gs934\"><div class=\"t m0 x0 hf y2fb ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 finanziarie </div><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">correnti e non </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">correnti </div></div><div class=\"c w69 h61 gs935\"><div class=\"t m0 xa2 hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">181,1 </div></div><div class=\"c w2e7 h61 gs936\"><div class=\"t m0 xa2 hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">253,7 </div></div><div class=\"c w1dc h61 gs937\"><div class=\"t m0 xf hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">(72,6) </div></div><div class=\"c w2eb h61 gs938\"><div class=\"t m0 x92 h335 y5a6 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2ec h61 gs939\"><div class=\"t m0 xa8 hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">9,2 </div></div><div class=\"c w2ed h61 gs93a\"><div class=\"t m0 x30 hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">- </div></div><div class=\"c w2ee h61 gs93b\"><div class=\"t m0 x16 hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w23c h61 gs93c\"><div class=\"t m0 xb2 hf y5a6 ff4 fs3 fc10 sc0 ls0 ws0\">81,2 </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x1b h3 yf2e ff5 fs1 fc1 sc0 ls0 ws0\">\u201cComponenti <span class=\"_ _5\"></span>economiche <span class=\"_ _5\"></span>valutative\u201d <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span><span class=\"ff1\">proventi <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>attualizzazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inanziari <span class=\"_ _7\"></span>non <span class=\"_ _5\"></span>correnti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span><span class=\"lse\">6,<span class=\"_ _5\"></span></span>8 </span></div><div class=\"t m0 x1b h3 y688 ff1 fs1 fc1 sc0 ls0 ws0\">milioni <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>euro <span class=\"_ _d\"> </span>come <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>iportato <span class=\"_ _e\"></span>alla <span class=\"_ _e\"> </span>nota <span class=\"_ _f\"> </span>9 <span class=\"_ _d\"> </span><span class=\"ff5\">\u201cProventi <span class=\"_ _e\"> </span>finanziari\u201d</span> <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>effetti <span class=\"_ _d\"> </span>economici <span class=\"_ _e\"></span>della <span class=\"_ _f\"> </span>rivalutazion<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>crediti </div><div class=\"t m0 x1b h3 y1566 ff1 fs1 fc1 sc0 ls0 ws0\">finanziari relativi a finanziamenti concessi<span class=\"_ _3\"></span> a societ\u00e0 valutate a patrimonio netto e ad altre partecipazioni minori,<span class=\"_ _7\"></span> come </div><div class=\"t m0 x1b h3 yc28 ff1 fs1 fc1 sc0 ls0 ws0\">illustrato alla nota <span class=\"ff5\">9 \u201cProventi fi<span class=\"_ _3\"></span>nanziari\u201d<span class=\"ff1\">. </span></span></div><div class=\"t m0 x1b h3 y1513 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1567 ff5 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _6\"></span>flusso <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>onetario <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>perio<span class=\"_ _3\"></span>do <span class=\"_ _6\"></span>accoglie <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>particolare <span class=\"_ _6\"></span>l\u2019incas<span class=\"_ _3\"></span>so <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>mese <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>gennaio <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>dell<span class=\"_ _5\"></span><span class=\"ff1\">a <span class=\"_ _6\"></span>cessione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>crediti </span></div><div class=\"t m0 x1b h3 y114a ff5 fs1 fc1 sc0 ls0 ws0\">d\u2019imposta per efficie<span class=\"_ _3\"></span>ntamento energetic<span class=\"_ _3\"></span>o conclus<span class=\"_ _5\"></span><span class=\"ff1\">a </span>al termine <span class=\"_ _3\"></span>dell\u2019esercizio<span class=\"ff1\"> 2023, per 43,6 milioni di eur<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span>. </span></div><div class=\"t m0 x1b h3 y114b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1568 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y946 ff8 fsa fc2 sc0 lsb ws0\">2.02.07 <span class=\"ls0\">- Deriva<span class=\"_ _3\"></span>ti e strumenti ass<span class=\"_ _3\"></span>imilati </span></div><div class=\"t m0 x1b h3 y12e6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y7ac ff1 fs1 fc1 sc0 ls0 ws0\">Gli strumenti derivati di cui<span class=\"_ _5\"></span> il Gruppo si <span class=\"_ _5\"></span>avvale si <span class=\"_ _5\"></span>distinguono in due <span class=\"_ _5\"></span>tipologie sulla base del sottostante coperto: tassi </div><div class=\"t m0 x1b h3 yd96 ff1 fs1 fc1 sc0 ls0 ws0\">e <span class=\"_ _6\"></span>cambi, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _6\"></span>riferim<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>operazi<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>finanzi<span class=\"_ _3\"></span>amento, <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>commodity, <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>prezzo <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>operazio<span class=\"_ _3\"></span>ni </div><div class=\"t m0 x1b h3 y5f4 ff1 fs1 fc1 sc0 ls0 ws0\">commerciali di acquisto <span class=\"_ _5\"></span>e vendita di <span class=\"_ _5\"></span>gas ed <span class=\"_ _5\"></span>energia elettrica. Tutti i <span class=\"_ _5\"></span>derivati su <span class=\"_ _5\"></span>commodity sono classificati tra <span class=\"_ _5\"></span>attivit\u00e0 </div><div class=\"t m0 x1b h43 y7af ff5 fs1 fc1 sc0 ls0 ws0\">e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>correnti <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>virt\u00f9 <span class=\"_ _5\"></span>dell\u2019elevato <span class=\"_ _7\"></span>livello <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>liqui<span class=\"_ _3\"></span>dit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _3\"></span>orizzonte <span class=\"_ _7\"></span>temporale <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>operativit\u00e0 <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>car<span class=\"_ _3\"></span>atterizzano </div><div class=\"t m0 x1b h3 yf66 ff1 fs1 fc1 sc0 ls0 ws0\">questi strumenti. </div><div class=\"t m0 x1b h3 y12e7 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y7c ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>347<span class=\"ls0\"> </span>29  Strumenti d<span class=\"_ _3\"></span>erivati  Al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>4<span class=\"ls16\">, <span class=\"_ _5\"></span></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>non <span class=\"_ _5\"></span>evidenza <span class=\"_ _7\"></span>alcuna <span class=\"_ _6\"></span>es<span class=\"_ _3\"></span>posizione <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>relazione <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>derivati <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>tassi <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>ca<span class=\"_ _5\"></span>mbi <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>quanto nel <span class=\"_ _e\"> </span>corso <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>ell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>sono <span class=\"_ _6\"></span>conclusi<span class=\"_ _5\"></span>, <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>eguito <span class=\"_ _6\"></span>ai <span class=\"_ _e\"> </span>rimborsi <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>finanziamenti <span class=\"_ _e\"></span>sottostanti, <span class=\"_ _e\"> </span>gli <span class=\"_ _e\"></span>effetti <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>derivati </span>designati come coperture di cas<span class=\"_ _3\"></span>h flow hedge <span class=\"lse\">e </span>di fair value hedge.  L\u2019esposizione <span class=\"_ _6\"></span>netta <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>commodity, <span class=\"_ _6\"> </span><span class=\"ff1\">ne<span class=\"_ _5\"></span>gativa <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>024, <span class=\"_ _6\"></span>risente <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>particolare <span class=\"_ _6\"></span><span class=\"lse\">de<span class=\"_ _5\"></span></span></span>ll\u2019effetto <span class=\"_ _6\"></span>dei<span class=\"ff1\"> </span>minor<span class=\"lsf\">i </span>nozionali e dei minori pr<span class=\"_ _3\"></span>ezzi medi dei contratti valutati a fine <span class=\"ff5\">2024 <span class=\"_ _3\"></span>rispetto all\u2019esercizio pr<span class=\"_ _3\"></span>ecedente.</span><span class=\"ff5\"><span class=\"ff1\"> </span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VARIAZIONE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 EFFETTO NETTO FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 EFFETTO NETTO EFFETTO NETTO Derivati su tassi e c<span class=\"_ _3\"></span>ambi Finanziamenti - \u2010<span class=\"ff4\"> </span>- 0,3 \u2010<span class=\"ff4\"> </span>0,3 (0,3) Finanziamenti in valut<span class=\"_ _3\"></span>a \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>0,9 21,6 (20,7) 20,7 Totale derivati su ta<span class=\"_ _3\"></span>ssi e cambi - \u2010<span class=\"ff2 sc0\"> </span>- 1,2 21,6 (20,4) 20,4 Derivati su comm<span class=\"_ _3\"></span>odity Portafoglio commer<span class=\"_ _3\"></span>ciale 161,1 160,9 0,2 409,5 336,9 72,6 (72,3) Portafoglio tradi<span class=\"_ _3\"></span>ng 21,3 46,5 (25,2) 67,6 99,1 (31,5) 6,3 Totale derivati su commodity  182,4 207,4 (25,0) 477,1 436,0 41,1 (66,1) Totale derivati  182,4 207,4 (25,0) 478,3 457,6 20,7 (45,7) di cui non correnti - \u2010<span class=\"ff4\"> </span>0,3 \u2010<span class=\"ff4\"> </span>di cui correnti 182,4 207,4 478,0 457,6 La <span class=\"_ _5\"></span>gestione operativa del<span class=\"_ _5\"></span>le commodity <span class=\"_ _5\"></span>si realizza <span class=\"_ _5\"></span>tramite un <span class=\"_ _5\"></span>processo che <span class=\"_ _5\"></span>consente di <span class=\"_ _5\"></span>individuare obiettivi, strategie e <span class=\"_ _7\"></span>responsabilit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _5\"></span>operazione <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>essere. <span class=\"_ _5\"></span>I <span class=\"_ _7\"></span>contratti, <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>natura <span class=\"_ _5\"></span>finanziaria <span class=\"_ _5\"></span>sia <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>natura <span class=\"_ _7\"></span>fisica, <span class=\"_ _5\"></span>vengono classificati nei portaf<span class=\"_ _3\"></span>ogli co<span class=\"_ _5\"></span>mmerci<span class=\"_ _3\"></span>ale e di trading in base a<span class=\"_ _3\"></span>lla finalit\u00e0 dei contra<span class=\"_ _3\"></span>tti stessi. <span class=\"_ _5\"></span> Il <span class=\"_ _d\"> </span>modello <span class=\"_ _d\"> </span>organizzativo <span class=\"_ _d\"> </span>interno <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"> </span>consente <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>identificare <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>natura <span class=\"_ _d\"> </span>dell\u2019operazione <span class=\"_ _e\"> </span>(commerciale <span class=\"_ _d\"> </span>o <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i trading) <span class=\"_ _5\"></span>gi\u00e0 a<span class=\"_ _5\"></span>ll\u2019inception del <span class=\"_ _5\"></span>contratto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>produrre <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>set <span class=\"_ _5\"></span>informativo adeguato <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>un\u2019identificazione for<span class=\"_ _5\"></span>male della <span class=\"_ _5\"></span>finalit\u00e0 dello strumento derivat<span class=\"_ _3\"></span>o.  La <span class=\"_ _7\"></span>gestione <span class=\"_ _5\"></span>centralizzata <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>perazioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>hedging <span class=\"_ _7\"></span>consente <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>realizzare <span class=\"_ _5\"></span>ogni <span class=\"_ _7\"></span>possibil<span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>sinergia <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>coperture dei fabbisogni di <span class=\"_ _5\"></span>energia elettrica e gas, \u00e8 <span class=\"_ _5\"></span>integrata con operazioni su tassi d<span class=\"_ _5\"></span>i cambio e s<span class=\"_ _5\"></span>i realizza mediante l\u2019utilizzo esclusivo di contratti sw<span class=\"_ _3\"></span>ap o altri derivati auto<span class=\"_ _3\"></span>rizzati. <span class=\"_ _5\"></span> Tutte <span class=\"_ _6\"> </span>le <span class=\"_ _e\"> </span>restanti <span class=\"_ _6\"></span>fattispecie <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>o <span class=\"_ _e\"> </span>assimilabili <span class=\"_ _6\"></span>che <span class=\"_ _6\"> </span>non <span class=\"_ _e\"> </span>hanno <span class=\"_ _6\"></span>l\u2019obiettivo <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>c<span class=\"_ _5\"></span>oprire <span class=\"_ _6\"></span>i <span class=\"_ _e\"> </span>fabbisogni <span class=\"_ _6\"></span>del Gruppo sono classifica<span class=\"_ _3\"></span>te all\u2019interno del portaf<span class=\"_ _3\"></span>oglio di trading.<span class=\"ff1\"> </span><div class=\"c wc h39 gs900\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">348</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gs901\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gs902\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gs903\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gs904\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs905\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">Derivati su t<span class=\"_ _3\"></span>assi </div><div class=\"t m0 x6b h4e y1b98 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1deb ff1 fs1 fc1 sc0 ls5a ws0\">Gl<span class=\"ls0\">i <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>periodo <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>finanziari der<span class=\"_ _5\"></span>ivati su<span class=\"_ _5\"></span> tassi <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>cam<span class=\"_ _5\"></span>bi, <span class=\"_ _5\"></span>confrontati <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019esercizio</span> <span class=\"_ _5\"></span>precedente, <span class=\"_ _5\"></span>sono </span></div><div class=\"t m0 x1b h3 y1dec ff1 fs1 fc1 sc0 ls0 ws0\">riportati di seguito: </div><div class=\"t m0 x6b h4e y1b9a ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w308 h3c gs990\"><div class=\"t m0 x18 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w308 h3c gs991\"><div class=\"t m0 x18 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w306 h8e gs992\"><div class=\"t m0 x5 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TIPOLOGIA </div></div><div class=\"c w307 h8e gs993\"><div class=\"t m0 x17 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">GERARCHIA </div><div class=\"t m0 x17 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div></div><div class=\"c w45 h8e gs994\"><div class=\"t m0 x17 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">NOZIONALE </div></div><div class=\"c w30a h8e gs995\"><div class=\"t m0 x17 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 xf h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">ATTIVIT\u00c0 </div></div><div class=\"c w45 h8e gs996\"><div class=\"t m0 x17 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 x18 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">PASSIVIT\u00c0 </div></div><div class=\"c w45 h8e gs997\"><div class=\"t m0 x17 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">NOZIONALE </div></div><div class=\"c w30a h8e gs998\"><div class=\"t m0 x17 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 xf h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">ATTIVIT\u00c0 </div></div><div class=\"c w2ed h8e gs999\"><div class=\"t m0 x17 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 x18 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">PASSIVIT\u00c0 </div></div><div class=\"c w306 h3c gs99a\"><div class=\"t m0 x5 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Cash flow hedge<span class=\"_ _3\"></span> </div></div><div class=\"c w307 h3c gs99b\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2 </div></div><div class=\"c w45 h3c gs99c\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">- </div></div><div class=\"c w30a h3c gs99d\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">- </div></div><div class=\"c w45 h3c gs99e\"><div class=\"t m0 x1c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w45 h3c gs99f\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,9 mln </div></div><div class=\"c w30a h3c gs9a0\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w2ed h3c gs9a1\"><div class=\"t m0 x1c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w306 h3c gs9a2\"><div class=\"t m0 x5 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Fair value hedge<span class=\"_ _3\"></span> </div></div><div class=\"c w307 h3c gs9a3\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2 </div></div><div class=\"c w45 h3c gs9a4\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">- </div></div><div class=\"c w30a h3c gs9a5\"><div class=\"t m0 x1c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w45 h3c gs9a6\"><div class=\"t m0 x1c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w45 h3c gs9a7\"><div class=\"t m0 xc0 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">149,8 mln </div></div><div class=\"c w30a h3c gs9a8\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,9 </div></div><div class=\"c w2ed h3c gs9a9\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">21,6 </div></div><div class=\"c w306 h3c gs9aa\"><div class=\"t m0 x5 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale fair value<span class=\"_ _3\"></span> </div></div><div class=\"c w30a h3c gs9ab\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">- </div></div><div class=\"c w45 h3c gs9ac\"><div class=\"t m0 x1c h13 y70 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w30a h3c gs9ad\"><div class=\"t m0 xa3 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1,2 </div></div><div class=\"c w2ed h3c gs9ae\"><div class=\"t m0 x2b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">21,6 </div></div><div class=\"c w308 h3c gs9af\"><div class=\"t m0 x18 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w308 h3c gs9b0\"><div class=\"t m0 x18 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w306 h8e gs9b1\"><div class=\"t m0 x5 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TIPOLOGIA </div></div><div class=\"c w307 h8e gs9b2\"><div class=\"t m0 x17 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">GERARCHIA </div><div class=\"t m0 x17 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div></div><div class=\"c w45 h8e gs9b3\"><div class=\"t m0 x13 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">PROVENTI </div></div><div class=\"c w30a h8e gs9b4\"><div class=\"t m0 xa2 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">ONERI </div></div><div class=\"c w45 h8e gs9b5\"><div class=\"t m0 xf h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xa5 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w45 h8e gs9b6\"><div class=\"t m0 x13 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">PROVENTI </div></div><div class=\"c w30a h8e gs9b7\"><div class=\"t m0 xa2 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">ONERI </div></div><div class=\"c w2ed h8e gs9b8\"><div class=\"t m0 xf h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xa5 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w306 h98 gs9b9\"><div class=\"t m0 x5 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Cash flow hedge<span class=\"_ _3\"></span> </div></div><div class=\"c w307 h98 gs9ba\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2 </div></div><div class=\"c w45 h98 gs9bb\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w30a h98 gs9bc\"><div class=\"t m0 x1c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w45 h98 gs9bd\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w45 h98 gs9be\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w30a h98 gs9bf\"><div class=\"t m0 x1c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2ed h98 gs9c0\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w306 h3c gs9c1\"><div class=\"t m0 x5 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Fair value hedge<span class=\"_ _3\"></span> </div></div><div class=\"c w307 h3c gs9c2\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2 </div></div><div class=\"c w45 h3c gs9c3\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">26,3 </div></div><div class=\"c w30a h3c gs9c4\"><div class=\"t m0 xa7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(8,1) </div></div><div class=\"c w45 h3c gs9c5\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">18,2 </div></div><div class=\"c w45 h3c gs9c6\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">4,9 </div></div><div class=\"c w30a h3c gs9c7\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(23,8) </div></div><div class=\"c w2ed h3c gs9c8\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(18,9) </div></div><div class=\"c w306 h3c gs9c9\"><div class=\"t m0 x5 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale proventi<span class=\"_ _3\"></span> (oneri) </div></div><div class=\"c w45 h3c gs9ca\"><div class=\"t m0 x2b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">26,6 </div></div><div class=\"c w30a h3c gs9cb\"><div class=\"t m0 xa7 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(8,1) </div></div><div class=\"c w45 h3c gs9cc\"><div class=\"t m0 x2b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">18,5 </div></div><div class=\"c w45 h3c gs9cd\"><div class=\"t m0 xa3 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">5,1 </div></div><div class=\"c w30a h3c gs9ce\"><div class=\"t m0 xa4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(23,8) </div></div><div class=\"c w2ed h3c gs9cf\"><div class=\"t m0 xa4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(18,7) </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x1b h3 y1b95 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _7\"></span>variazione <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>derivati <span class=\"_ _6\"></span>desig<span class=\"_ _3\"></span>nati <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>coperture <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lussi <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inanziari<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>attribuire <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>conclusione </div><div class=\"t m0 x1b h3 y1c2a ff1 fs1 fc1 sc0 ls0 ws0\">dei <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>conseguente <span class=\"_ _5\"></span>azzeramento <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>nozionale di <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ferimento. <span class=\"_ _5\"></span>L<span class=\"ff5\">\u2019effetto <span class=\"_ _5\"></span>sul </span></div><div class=\"t m0 x1b h3 y1c50 ff1 fs1 fc1 sc0 ls0 ws0\">conto economico com<span class=\"_ _3\"></span>plessivo <span class=\"ff5\">dell\u2019esercizio 202</span>4 <span class=\"ls10\">\u00e8 </span>pari <span class=\"_ _3\"></span>a un onere di <span class=\"ls10\">0,</span>3 milioni<span class=\"_ _3\"></span> di euro. </div><div class=\"t m0 x6b h4e y15c5 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 ya2c ff5 fs1 fc1 sc0 ls0 ws0\">Nel corso dell\u2019esercizio sono andati in scadenza <span class=\"_ _5\"></span><span class=\"ff1\">i derivati designati come coperture dei rischi di tasso e c<span class=\"_ _5\"></span>ambio e del </span></div><div class=\"t m0 x1b h3 y1dee ff1 fs1 fc1 sc0 ls0 ws0\">fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valuta <span class=\"_ _5\"></span>(fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>hedge), n<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>forma <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Interest <span class=\"_ _5\"></span>rate swap <span class=\"_ _5\"></span>(<span class=\"_ _5\"></span>Irs) e <span class=\"_ _7\"></span>Cross c<span class=\"_ _5\"></span>urrency<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y1541 ff1 fs1 fc1 sc0 ls0 ws0\">swap <span class=\"_ _7\"></span>(Ccs), <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>quanto <span class=\"_ _7\"></span>correlati <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>prestito <span class=\"_ _7\"></span>obbligazionario <span class=\"_ _7\"></span>denominato <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>y<span class=\"_ _5\"></span>en <span class=\"_ _7\"></span>giapponesi<span class=\"_ _5\"></span>, <span class=\"_ _7\"></span>rimborsato <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scadenza </div><div class=\"t m0 x1b h3 y1de1 ff1 fs1 fc1 sc0 ls0 ws0\">ad <span class=\"_ _5\"></span>agosto <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>024, <span class=\"_ _5\"></span>avente <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>nozionale <span class=\"_ _7\"></span>residuo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>20 <span class=\"_ _7\"></span>miliardi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>yen <span class=\"_ _7\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>149,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>(convertito <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _7\"></span>di </div><div class=\"t m0 x1b h3 y1d6e ff1 fs1 fc1 sc0 ls0 ws0\">cambio originario <span class=\"_ _3\"></span>oggetto di copertura).<span class=\"_ _75\"> </span></div><div class=\"t m0 x6b h4e ye7b ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y147a ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _6\"></span>rip<span class=\"_ _3\"></span>artizione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>roventi <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>oneri <span class=\"_ _6\"></span>riferiti <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>derivati <span class=\"_ _7\"></span>classificati <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>edge <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>elative <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>assivit\u00e0 <span class=\"_ _7\"></span>sottostanti, </div><div class=\"t m0 x1b h3 y1255 ff1 fs1 fc1 sc0 ls0 ws0\">rettificate per gli utili <span class=\"_ _3\"></span>e le perdite attribuibi<span class=\"_ _3\"></span>li al rischio coperto,<span class=\"_ _5\"></span> \u00e8 riportata di segu<span class=\"_ _3\"></span>ito: </div><div class=\"t m0 x6b h4e yde5 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w2b3 h8e gs9d0\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">COPERTURE FAIR V<span class=\"_ _3\"></span>ALUE </div><div class=\"t m0 x0 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">HEDGE </div></div><div class=\"c w9d h8e gs9d1\"><div class=\"t m0 x1a h13 y39 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2b5 h8e gs9d2\"><div class=\"t m0 x1a h13 y39 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2b9 h8e gs9d3\"><div class=\"t m0 x9d h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">PROVENTI </div></div><div class=\"c w2b9 h8e gs9d4\"><div class=\"t m0 x16 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">ONERI </div></div><div class=\"c w2b8 h8e gs9d5\"><div class=\"t m0 xbc h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 x32 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w2b9 h8e gs9d6\"><div class=\"t m0 x9d h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">PROVENTI </div></div><div class=\"c w2b8 h8e gs9d7\"><div class=\"t m0 x16 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">ONERI </div></div><div class=\"c w2ba h8e gs9d8\"><div class=\"t m0 xa2 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xa7 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w2b3 h3c gs9d9\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Valutazione deri<span class=\"_ _3\"></span>vati </div></div><div class=\"c w2b9 h3c gs9da\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">21,6 </div></div><div class=\"c w2b9 h3c gs9db\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w2b8 h3c gs9dc\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">21,0 </div></div><div class=\"c w2b9 h3c gs9dd\"><div class=\"t m0 x8c h335 y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2b8 h3c gs9de\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(14,6) </div></div><div class=\"c w2ba h3c gs9df\"><div class=\"t m0 x3 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(14,6) </div></div><div class=\"c w2b3 h3c gs9e0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Accrued interest </div></div><div class=\"c w2b9 h3c gs9e1\"><div class=\"t m0 x8c hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h3c gs9e2\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w2b8 h3c gs9e3\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w2b9 h3c gs9e4\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,5 </div></div><div class=\"c w2b8 h3c gs9e5\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,7) </div></div><div class=\"c w2ba h3c gs9e6\"><div class=\"t m0 x4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w2b3 h90 gs9e7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Cash flow realizzati<span class=\"_ _3\"></span> </div></div><div class=\"c w2b9 h90 gs9e8\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,7 </div></div><div class=\"c w2b9 h90 gs9e9\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(7,1) </div></div><div class=\"c w2b8 h90 gs9ea\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2,4) </div></div><div class=\"c w2b9 h90 gs9eb\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,4 </div></div><div class=\"c w2b8 h90 gs9ec\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(8,5) </div></div><div class=\"c w2ba h90 gs9ed\"><div class=\"t m0 x4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(4,1) </div></div><div class=\"c w2b3 h91 gs9ee\"><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">Effetto economi<span class=\"_ _3\"></span>co derivati  </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">fair value hedge<span class=\"_ _3\"></span> </div></div><div class=\"c w2b9 h91 gs9ef\"><div class=\"t m0 xa8 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">26,3 </div></div><div class=\"c w2b9 h91 gs9f0\"><div class=\"t m0 xb1 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">(8,1) </div></div><div class=\"c w2b8 h91 gs9f1\"><div class=\"t m0 xa8 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">18,2 </div></div><div class=\"c w2b9 h91 gs9f2\"><div class=\"t m0 x1c h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">4,9 </div></div><div class=\"c w2b8 h91 gs9f3\"><div class=\"t m0 x53 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">(23,8) </div></div><div class=\"c w2ba h91 gs9f4\"><div class=\"t m0 x3 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">(18,9) </div></div><div class=\"c w2b3 h3c gs9f5\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">SOTTOSTANTI <span class=\"_ _3\"></span>COPERTI </div></div><div class=\"c w9d h3c gs9f6\"><div class=\"t m0 x1a h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2b5 h3c gs9f7\"><div class=\"t m0 x1a h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2b9 h8e gs9f8\"><div class=\"t m0 x9d h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">PROVENTI </div></div><div class=\"c w2b9 h8e gs9f9\"><div class=\"t m0 x16 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">ONERI </div></div><div class=\"c w2b8 h8e gs9fa\"><div class=\"t m0 xbc h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 x32 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w2b9 h8e gs9fb\"><div class=\"t m0 x9d h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">PROVENTI </div></div><div class=\"c w2b8 h8e gs9fc\"><div class=\"t m0 x16 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">ONERI </div></div><div class=\"c w2ba h8e gs9fd\"><div class=\"t m0 xa2 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xa7 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w2b3 h98 gs9fe\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Valutazione pas<span class=\"_ _3\"></span>sivit\u00e0 finanziarie </div></div><div class=\"c w2b9 h98 gs9ff\"><div class=\"t m0 x8c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2b9 h98 gsa00\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(21,2) </div></div><div class=\"c w2b8 h98 gsa01\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(21,2) </div></div><div class=\"c w2b9 h98 gsa02\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">15,6 </div></div><div class=\"c w2b8 h98 gsa03\"><div class=\"t m0 x8c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2ba h98 gsa04\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">15,6<span class=\"_ _75\"> </span> </div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>349<span class=\"ls0\"> </span>Derivati su co<span class=\"_ _3\"></span>mmodity Portafoglio com<span class=\"_ _3\"></span>merciale Il <span class=\"_ _e\"> </span><span class=\"ls0\">portafoglio <span class=\"_ _d\"> </span>commerciale <span class=\"_ _e\"></span>accoglie <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>erivati <span class=\"_ _e\"></span>o <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>quiparabili, <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>natura <span class=\"_ _d\"> </span>finanziaria <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>fisica, <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>u <span class=\"_ _e\"> </span>commodity, </span>sottoscritti <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>opertura <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>disallineamenti <span class=\"_ _e\"> </span>tra <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>formule <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>cquisto <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>vendita, <span class=\"_ _d\"> </span>che <span class=\"_ _e\"></span>possono <span class=\"_ _e\"> </span>essere <span class=\"_ _d\"> </span>distinti <span class=\"_ _e\"></span>nelle<span class=\"_ _7\"></span> seguenti classi: Gestione operativ<span class=\"_ _3\"></span>a TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Formule gas 3 14.977.245 MWh 136,5 13.984.372 MWh 210,0 Formule energia elett<span class=\"_ _3\"></span>rica 2 1.646.775 MWh 24,2 2.690.293 MWh 199,2 Altre commodities 3 \u2010<span class=\"ff4\"> </span>7.649 Ton 0,3 Cambi 2 24.328.000 Usd 0,4 935.000 Usd 0,0 Formule gas 3 15.545.353 MWh 143,6 13.108.766 MWh 189,2 Formule energia el<span class=\"_ _3\"></span>ettrica 2 1.450.939 MWh 17,1 3.186.649 MWh 147,4 Altre commodities 3 7.284  Ton 0,2 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Cambi 2 \u2010<span class=\"ff4\"> </span>19.620.000 Usd 0,3 Totale fair value<span class=\"_ _3\"></span> 161,1 160,9 409,5 336,9 \u2010<span class=\"ff2 sc0\"> </span>I <span class=\"_ _5\"></span>principiali <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>tali <span class=\"_ _5\"></span>contratti sono <span class=\"_ _5\"></span>quelli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>replicare <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>formule i<span class=\"_ _5\"></span>n <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>mercat<span class=\"_ _7\"></span>o <span class=\"_ _5\"></span>e coprire <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>eventuali <span class=\"_ _6\"></span>spread <span class=\"_ _6\"></span>tra <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>mercati <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>(tipicamente <span class=\"_ _6\"></span>Ttf <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>Psv)<span class=\"_ _5\"></span>. <span class=\"_ _e\"></span>Al <span class=\"_ _6\"></span><span class=\"ff5\">fine <span class=\"_ _e\"> </span>di <span class=\"_ _6\"></span>valutare <span class=\"_ _6\"> </span>l\u2019impatto <span class=\"_ _6\"> </span>che <span class=\"_ _e\"> </span>le </span>oscillazioni <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>prezzo <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>sottostante <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>anno <span class=\"_ _7\"></span>sui <span class=\"_ _7\"></span>derivati <span class=\"_ _6\"></span>fin<span class=\"_ _3\"></span>anziari <span class=\"_ _7\"></span>ascrivibili <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>portafoglio <span class=\"_ _7\"></span>commerciale, viene <span class=\"_ _d\"> </span>utilizzato <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>trumento <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>PaR <span class=\"_ _f\"> </span>(Profit <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>t <span class=\"_ _d\"> </span>Risk), <span class=\"_ _d\"> </span>ossia <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>variazione <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _d\"> </span>portafoglio <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>strumenti finanziari derivati ent<span class=\"_ _3\"></span>ro ipotesi di probabilit\u00e0<span class=\"_ _3\"></span> prestabilite per effett<span class=\"_ _3\"></span>o di uno spostamento <span class=\"_ _3\"></span>degli indici di mercato.<span class=\"_ _5\"></span> Il decremento del fai<span class=\"_ _3\"></span>r value rispetto all\u2019e<span class=\"_ _3\"></span>sercizio precedente<span class=\"_ _5\"></span><span class=\"ff1\"> risente princip<span class=\"_ _3\"></span>almente: </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">dell\u2019effetto <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>minori <span class=\"_ _5\"></span>nozionali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span><span class=\"ff1\">dei <span class=\"_ _5\"></span>minori <span class=\"_ _5\"></span>prezzi <span class=\"_ _5\"></span>medi <span class=\"_ _5\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>formule energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fine </span></span></span>periodo; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">dell\u2019effetto <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>negativo <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontratti <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>formule <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as<span class=\"_ _5\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>dice <span class=\"_ _7\"></span>Ttf,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>sottoscritti <span class=\"_ _7\"></span>nel </span></span></span>corso dell\u2019esercizi<span class=\"_ _3\"></span>o a prezzi medi inferiori <span class=\"_ _3\"></span>rispetto a quelli degli<span class=\"_ _3\"></span> anni precedenti. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>L\u2019effetto sul conto ec<span class=\"_ _3\"></span>onomico complessivo di q<span class=\"_ _3\"></span>uesti strumenti pu\u00f2 <span class=\"_ _3\"></span>essere cos\u00ec scomposto:<span class=\"_ _75\"> </span><span class=\"ff1\"> </span>COPERTURE C<span class=\"_ _3\"></span>OMMODITY PORTAFOGLIO C<span class=\"_ _3\"></span>OMMERCIALE 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>COMPONENTI POSITIVE COMPONENTI NEGATIVE EFFETTO NETTO COMPONENTI POSITIVE COMPONENTI NEGATIVE EFFETTO NETTO Variazione flussi fin<span class=\"_ _3\"></span>anziari attesi (1,2) \u2010<span class=\"ff12\"> </span>(1,2) 47,2 \u2010<span class=\"ff12\"> </span>47,2 Riserva trasferita a <span class=\"_ _3\"></span>conto economico 1.055,7 (1.126,9) (71,2) 2.036,1 (2.372,2) (336,1) Effetto conto ec<span class=\"_ _3\"></span>onomico complessivo deri<span class=\"_ _3\"></span>vati  cash flow hedge<span class=\"_ _3\"></span> 1.054,5 (1.126,9) (72,4) 2.083,3 (2.372,2) (288,9) Le componenti iscritte a conto econom<span class=\"_ _3\"></span>ico complessivo ven<span class=\"_ _5\"></span>gono riversate a conto economico in corrisp<span class=\"_ _3\"></span>ondenza delle<span class=\"_ _3\"></span> date di maturazione <span class=\"_ _3\"></span>delle corrispondenti p<span class=\"_ _3\"></span>osizioni coperte. L\u2019effetto <span class=\"_ _6\"> </span>sul <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico <span class=\"_ _e\"> </span>d<span class=\"ff1\">el <span class=\"_ _e\"></span>realizzato <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>contratti <span class=\"_ _e\"></span>derivati <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>equiparabili, <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>natura <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>sica <span class=\"_ _6\"></span>o <span class=\"_ _e\"> </span>finanziaria, <span class=\"_ _f\"> </span><span class=\"lse\">pu\u00f2 </span></span>essere cos\u00ec scompost<span class=\"_ _3\"></span>o: 350<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>CONTRATTI FISICI <span class=\"_ _3\"></span>EQUIPARATI A DERIVATI CONTRATTI DERIVATI FINANZIARI EFFETTO COMPLESSIVO Ricavi di vendita 1.088,1 Proventi 38,8 1.126,9 Costi di acquisto<span class=\"_ _3\"></span> (1.059,7) Oneri 4,0 (1.055,7) Effetto da realiz<span class=\"_ _3\"></span>zazione derivati cash flow hedge<span class=\"_ _3\"></span> 28,4 42,8 71,2 Sensitivity analysis <span class=\"ff10\">\u2013</span> Port<span class=\"_ _3\"></span>afoglio commerciale Ipotizzando  un <span class=\"_ _4\"> </span>istantaneo <span class=\"_ _4\"> </span>incremento  di <span class=\"_ _10\"> </span>3<span class=\"lse\">0 <span class=\"_ _10\"> </span></span>euro/MWh  del  Ttf,<span class=\"_ _5\"></span>  con <span class=\"_ _10\"> </span>invaria<span class=\"_ _3\"></span>nza  della <span class=\"_ _10\"> </span>curva  Pun, <span class=\"_ _4\"> </span>il <span class=\"_ _4\"> </span>potenziale<span class=\"_ _5\"></span> incremento d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value degli <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>finanziari derivati <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>portafoglio c<span class=\"_ _5\"></span>ommerciale in <span class=\"_ _5\"></span>essere a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 d<span class=\"_ _5\"></span>icembre 202<span class=\"_ _7\"></span>4 ammonterebbe <span class=\"_ _10\"> </span>a <span class=\"_ _8\"> </span>circa <span class=\"_ _10\"> </span>3,4 <span class=\"_ _8\"> </span>mi<span class=\"_ _3\"></span>lioni <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>e<span class=\"_ _5\"></span>uro<span class=\"ff5\">. <span class=\"_ _10\"> </span>Contrariamente, <span class=\"_ _10\"> </span>ipotizzando <span class=\"_ _10\"> </span>un\u2019istantanea <span class=\"_ _10\"> </span>riduzione <span class=\"_ _10\"> </span>dello <span class=\"_ _8\"> </span>stesso </span>ammontare, il poten<span class=\"_ _3\"></span>ziale <span class=\"lse\">de<span class=\"_ _5\"></span></span>cremento di fair value<span class=\"_ _3\"></span> sarebbe pari a circa 3,4 milioni di euro. Ipotizzando <span class=\"_ _10\"> </span>un\u2019ista<span class=\"_ _3\"></span>ntanea <span class=\"_ _10\"> </span>traslazio<span class=\"_ _3\"></span>ne <span class=\"_ _10\"> </span><span class=\"ff1\">a<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>ialzo <span class=\"_ _4\"> </span>del<span class=\"_ _5\"></span>la <span class=\"_ _10\"> </span>curv<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>Pun <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _10\"> </span>30 <span class=\"_ _10\"> </span>euro/MWh,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>parit\u00e0 <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>prezzo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Ttf,<span class=\"_ _3\"></span> </span>l\u2019incremento <span class=\"_ _6\"> </span>potenziale <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _6\"> </span>degli <span class=\"_ _e\"> </span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _e\"> </span>derivati <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _6\"></span>commerciale <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>essere <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>31 dicembre <span class=\"_ _7\"></span>2024 <span class=\"_ _6\"></span>ammonterebbe <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>circa <span class=\"_ _6\"></span>2,2 <span class=\"_ _6\"></span><span class=\"ff5\">milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro. <span class=\"_ _6\"></span>Contrariam<span class=\"_ _3\"></span>ente, <span class=\"_ _6\"></span>ip<span class=\"_ _3\"></span>otizzando <span class=\"_ _7\"></span>un<span class=\"_ _5\"></span>\u2019istan<span class=\"_ _3\"></span>tanea <span class=\"_ _6\"></span>trasl<span class=\"_ _3\"></span>azione <span class=\"_ _e\"> </span><span class=\"ff1\">al </span></span>ribasso di 30 euro/MWh, il p<span class=\"_ _3\"></span>otenziale decrement<span class=\"_ _3\"></span>o di fair value sarebbe pari <span class=\"_ _3\"></span>a circa <span class=\"_ _5\"></span>2,2 milioni di euro. Nell\u2019ambito del<span class=\"ff1\"> modello organizzativo s<span class=\"_ _3\"></span>opra descritto, tali variazioni di fair value riguar<span class=\"_ _3\"></span>derebbero<span class=\"_ _7\"></span> gli strumenti derivat<span class=\"_ _3\"></span>i </span>classificati come hedg<span class=\"_ _3\"></span>e accounting e pertant<span class=\"_ _3\"></span>o si registrerebbe u<span class=\"_ _3\"></span>n\u2019opposta variazione d<span class=\"_ _3\"></span>el patrimonio netto.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span>Portafoglio trading<span class=\"_ _3\"></span> Il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ortafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>equiparabili <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>hanno <span class=\"_ _5\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>coprire <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>fabbisogni <span class=\"_ _5\"></span>del Gruppo e sono sottosc<span class=\"_ _3\"></span>ritti con finalit\u00e0 speculative. Tali strumenti<span class=\"_ _3\"></span> possono essere distinti <span class=\"_ _3\"></span>nelle seguenti fattispec<span class=\"_ _3\"></span>ie:<span class=\"_ _5\"></span> Gestione operativ<span class=\"_ _3\"></span>a TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Formule energia el<span class=\"_ _3\"></span>ettrica 2 1.738.529 MWh 21,3 3.311.730 MWh 67,6 Formule energia el<span class=\"_ _3\"></span>ettrica 2 2.492.178 MWh 46,5 4.507.848 MWh 99,1 Totale fair value<span class=\"_ _3\"></span> 21,3 46,5 67,6 99,1 TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione deri<span class=\"_ _3\"></span>vati 120,2 (113,9) 6,3 170,1 (189,4) (19,3) Cash flow realizzati<span class=\"_ _3\"></span> 69,0 (50,1) 18,9 36,0 (59,1) (23,1) Effetto economi<span class=\"_ _3\"></span>co derivati 189,2 (164,0) 25,2 206,1 (248,5) (42,4) Al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutare<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l\u2019impatto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>oscillazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>prezzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercat<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>sottostante <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>sui <span class=\"_ _6\"> </span>derivati <span class=\"_ _6\"></span>ascrivibili <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> portafoglio di trading,<span class=\"_ _3\"></span> viene utilizzato lo strum<span class=\"_ _3\"></span>ento del VaR (Va<span class=\"_ _5\"></span>lue at Ri<span class=\"_ _3\"></span>sk), ossia la variazione neg<span class=\"_ _3\"></span>ativa del valore del portafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>entro <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>probabilit\u00e0 <span class=\"_ _5\"></span>prestabilite, <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>no <span class=\"_ _5\"></span>spostamento <span class=\"_ _7\"></span>avverso <span class=\"_ _7\"></span>degli indici di mercato.<span class=\"_ _75\"> </span>  Il <span class=\"_ _6\"></span>decremento <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>allo <span class=\"_ _6\"></span>scorso <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>sercizio <span class=\"_ _6\"></span>risent<span class=\"_ _3\"></span>e <span class=\"_ _6\"> </span>dell\u2019effetto <span class=\"_ _d\"> </span><span class=\"ff1\">sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>nozionali <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori </span>prezzi medi dei contrat<span class=\"_ _3\"></span>ti in essere a fine period<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">351<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019effetto <span class=\"_ _5\"></span>sul conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span><span class=\"ff1\">degli <span class=\"_ _5\"></span>scambi <span class=\"_ _5\"></span>realizzati <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>contratti derivati <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>equiparabili, di <span class=\"_ _5\"></span>natura <span class=\"_ _5\"></span>fisica o<span class=\"_ _5\"></span> finanziaria, </span></div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">pu\u00f2 essere cos\u00ec scom<span class=\"_ _3\"></span>posto: </div><div class=\"t m0 x10a h4e y1d66 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w2de h94 gsa25\"><div class=\"t m0 x0 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">CONTRATTI EQ<span class=\"_ _3\"></span>UIPARATI A </div><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">DERIVATI </div></div><div class=\"c w2e0 h94 gsa26\"><div class=\"t m0 xa2 h13 y5e6 ff2 fs3 fc2 sc0 ls0 ws0\">CONTRATTI </div><div class=\"t m0 x2b h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">DERIVATI </div><div class=\"t m0 xb2 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">FINANZIARI </div></div><div class=\"c w2e0 h94 gsa27\"><div class=\"t m0 x2b h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xd h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">COMPLESSIVO </div></div><div class=\"c w2de h3c gsa28\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ricavi di vendita </div></div><div class=\"c w2df h3c gsa29\"><div class=\"t m0 xac hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">47,9 </div></div><div class=\"c w2e0 h3c gsa2a\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">Proventi </div></div><div class=\"c w2e1 h3c gsa2b\"><div class=\"t m0 xac hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">21,1 </div></div><div class=\"c w2e0 h3c gsa2c\"><div class=\"t m0 xac hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">69,0 </div></div><div class=\"c w2de h90 gsa2d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi di acquisto </div></div><div class=\"c w2df h90 gsa2e\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(10,7) </div></div><div class=\"c w2e0 h90 gsa2f\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">Oneri </div></div><div class=\"c w2e1 h90 gsa30\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(39,4) </div></div><div class=\"c w2e0 h90 gsa31\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(50,1) </div></div><div class=\"c w2de h3c gsa32\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Effetto da realiz<span class=\"_ _3\"></span>zazione derivati  </div></div><div class=\"c w2df h3c gsa33\"><div class=\"t m0 xac h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">37,2 </div></div><div class=\"c w2e1 h3c gsa34\"><div class=\"t m0 x30 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(18,3) </div></div><div class=\"c w2e0 h3c gsa35\"><div class=\"t m0 xac h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">18,9 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h6c y1e05 ff3 fs1 fc1 sc0 ls0 ws0\">Sensitivity analysis <span class=\"ff10\">\u2013</span> Portafo<span class=\"_ _3\"></span>glio trading </div><div class=\"t m0 x23 h3 y19 ff5 fs1 fc1 sc0 ls0 ws0\">Ipotizzando <span class=\"_ _10\"> </span>un\u2019ista<span class=\"_ _3\"></span>ntanea <span class=\"_ _10\"> </span>traslazio<span class=\"_ _3\"></span>ne<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>ialzo <span class=\"_ _10\"> </span>della <span class=\"_ _4\"> </span>curva <span class=\"_ _10\"> </span>Pun <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _10\"> </span>30 <span class=\"_ _10\"> </span>euro/MWh, <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>parit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>prezzo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Ttf, </span></div><div class=\"t m0 x23 h3 ye1f ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019incremento <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>ir <span class=\"_ _5\"></span>value <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>portafoglio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _6\"></span><span class=\"ff1\">4 </span></div><div class=\"t m0 x23 h3 y1e06 ff1 fs1 fc1 sc0 ls0 ws0\">ammonterebbe <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>circa <span class=\"_ _d\"> </span>3,7 <span class=\"_ _e\"></span><span class=\"ff5\">milioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"> </span>euro. <span class=\"_ _e\"> </span>Contrariamente, <span class=\"_ _e\"> </span>ipotizzando <span class=\"_ _6\"> </span>un\u2019istantanea <span class=\"_ _e\"> </span>traslazione <span class=\"_ _d\"> </span></span>al <span class=\"_ _e\"></span>ribasso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>3<span class=\"lse\">0 </span></div><div class=\"t m0 x23 h3 y97c ff1 fs1 fc1 sc0 ls0 ws0\">euro/MWh, il potenzial<span class=\"_ _3\"></span>e decremento di fair v<span class=\"_ _3\"></span>alue sarebbe pari a <span class=\"_ _3\"></span>circa <span class=\"_ _5\"></span>3,7 milioni di euro.</div><div class=\"t m0 x23 h3 y1e07 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1d8d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 ya8b ff8 fsa fc2 sc0 lsb ws0\">2.02.08 <span class=\"ls0\">- Fondi e pas<span class=\"_ _3\"></span>sivit\u00e0 potenziali </span></div><div class=\"t m0 x23 h3 y11bc ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y80c ff8 fsa fc2 sc0 lsb ws0\">30  <span class=\"ls0\">Benefici ai <span class=\"_ _3\"></span>dipendenti </span></div><div class=\"t m0 x23 h3 y323 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y14a6 ff1 fs1 fc1 sc0 ls0 ws0\">La voce comprende gli accantonamenti a favor<span class=\"_ _3\"></span>e del personale dipendente per il trattament<span class=\"_ _3\"></span>o di fine rapporto di lavoro </div><div class=\"t m0 x23 h3 yc2d ff1 fs1 fc1 sc0 ls0 ws0\">e altri benefici contrattuali, al netto delle anticipazioni concesse<span class=\"_ _3\"></span> e <span class=\"_ _5\"></span>dei versamenti effettuati<span class=\"_ _3\"></span> agli <span class=\"_ _5\"></span>istituti di previdenza <span class=\"_ _7\"></span>in </div><div class=\"t m0 x23 h3 yed5 ff1 fs1 fc1 sc0 ls0 ws0\">accordo con la normativa vigente. Il calcolo viene effettuato utilizzando tecniche attuariali<span class=\"_ _3\"></span> e <span class=\"_ _5\"></span>attualizzando le passivit\u00e0 </div><div class=\"t m0 x23 h3 y1e08 ff1 fs1 fc1 sc0 ls0 ws0\">future <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>data <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>bilancio. <span class=\"_ _d\"> </span>Tali <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>costituite <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>redito <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ipendent<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>ma<span class=\"_ _5\"></span>turer\u00e0 <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>data <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui </div><div class=\"t m0 x23 h3 yca5 ff5 fs1 fc1 sc0 ls0 ws0\">presumibilmente las<span class=\"_ _3\"></span>cer\u00e0 l\u2019azienda.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y1e09 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2e7 h363 gsa36\"><div class=\"t mb xdb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE INIZIA<span class=\"_ _3\"></span>LE</div><div class=\"t mb xdb h13 y1e0b ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w69 h363 gsa37\"><div class=\"t mb xdb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">SERVICE COST</div><div class=\"t mb xdb h13 ycc7 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2e7 h363 gsa38\"><div class=\"t mb xdb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ONERI FINANZI<span class=\"_ _3\"></span>ARI</div><div class=\"t mb xdb h13 ya81 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w324 h363 gsa39\"><div class=\"t mb x16 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">UTILI (PERDITE) </div><div class=\"t mb xdb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ATTUARIALI</div><div class=\"t mb xdb h13 y1e0c ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w210 h363 gsa3a\"><div class=\"t mb xdb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">UTILIZZI</div><div class=\"t mb xdb h13 y1e0d ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w324 h363 gsa3b\"><div class=\"t mb xdb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ALTRI MOVIME<span class=\"_ _3\"></span>NTI</div><div class=\"t mb xdb h13 y1e0e ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w324 h363 gsa3c\"><div class=\"t mb xaa h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONE </div><div class=\"t mb x16 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DELL'AREA DI </div><div class=\"t mb xdb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONSOLIDAME<span class=\"_ _3\"></span>NTO</div><div class=\"t mb xdb h13 y1e0f ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w210 h363 gsa3d\"><div class=\"t mb xdb h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE FINAL<span class=\"_ _3\"></span>E</div><div class=\"t mb xdb h13 y1e10 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w323 h3c gsa3e\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w323 h3c gsa3f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Trattamento fine ra<span class=\"_ _3\"></span>pporto </div></div><div class=\"c w2e7 h3c gsa40\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">79,4 </div></div><div class=\"c w69 h3c gsa41\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,0 </div></div><div class=\"c w2e7 h3c gsa42\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,5 </div></div><div class=\"c w324 h3c gsa43\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,5 </div></div><div class=\"c w210 h3c gsa44\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(9,7) </div></div><div class=\"c w324 h3c gsa45\"><div class=\"t m0 xa8 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w324 h3c gsa46\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,1 </div></div><div class=\"c w210 h3c gsa47\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">75,8 </div></div><div class=\"c w323 h3c gsa48\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri benefici </div></div><div class=\"c w2e7 h3c gsa49\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,6 </div></div><div class=\"c w69 h3c gsa4a\"><div class=\"t m0 xa8 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2e7 h3c gsa4b\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,5 </div></div><div class=\"c w324 h3c gsa4c\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,5 </div></div><div class=\"c w210 h3c gsa4d\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c w324 h3c gsa4e\"><div class=\"t m0 xa8 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w324 h3c gsa4f\"><div class=\"t m0 xa8 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w210 h3c gsa50\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,3 </div></div><div class=\"c w323 h3c gsa51\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w2e7 h3c gsa52\"><div class=\"t m0 x32 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">92,0 </div></div><div class=\"c w69 h3c gsa53\"><div class=\"t m0 x2b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1,0 </div></div><div class=\"c w2e7 h3c gsa54\"><div class=\"t m0 x2b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">3,0 </div></div><div class=\"c w324 h3c gsa55\"><div class=\"t m0 x2b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2,0 </div></div><div class=\"c w210 h3c gsa56\"><div class=\"t m0 xa2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(11,0) </div></div><div class=\"c w324 h3c gsa57\"><div class=\"t m0 xa8 h13 y70 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w324 h3c gsa58\"><div class=\"t m0 x2b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1,1 </div></div><div class=\"c w210 h3c gsa59\"><div class=\"t m0 x32 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">88,1 </div></div><div class=\"c w323 h3c gsa5a\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span></div></div><div class=\"c w323 h3c gsa5b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Trattamento fine ra<span class=\"_ _3\"></span>pporto </div></div><div class=\"c w2e7 h3c gsa5c\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">75,8 </div></div><div class=\"c w69 h3c gsa5d\"><div class=\"t m0 x2b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,1 </div></div><div class=\"c w2e7 h3c gsa5e\"><div class=\"t m0 x2b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,0 </div></div><div class=\"c w324 h3c gsa5f\"><div class=\"t m0 x2b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w210 h3c gsa60\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(9,0) </div></div><div class=\"c w324 h3c gsa61\"><div class=\"t m0 xa8 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w324 h3c gsa62\"><div class=\"t m0 x2b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w210 h3c gsa63\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">70,3 </div></div><div class=\"c w323 h3c gsa64\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri benefici </div></div><div class=\"c w2e7 h3c gsa65\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">12,3 </div></div><div class=\"c w69 h3c gsa66\"><div class=\"t m0 xa8 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2e7 h3c gsa67\"><div class=\"t m0 x2b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w324 h3c gsa68\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2,1) </div></div><div class=\"c w210 h3c gsa69\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w324 h3c gsa6a\"><div class=\"t m0 xa8 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w324 h3c gsa6b\"><div class=\"t m0 xa8 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w210 h3c gsa6c\"><div class=\"t m0 x2b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">9,6 </div></div><div class=\"c w323 h90 gsa6d\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w2e7 h90 gsa6e\"><div class=\"t m0 x32 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">88,1 </div></div><div class=\"c w69 h90 gsa6f\"><div class=\"t m0 x2b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">1,1 </div></div><div class=\"c w2e7 h90 gsa70\"><div class=\"t m0 x2b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">2,4 </div></div><div class=\"c w324 h90 gsa71\"><div class=\"t m0 x32 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(1,8) </div></div><div class=\"c w210 h90 gsa72\"><div class=\"t m0 xa2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(10,0) </div></div><div class=\"c w324 h90 gsa73\"><div class=\"t m0 xa8 h13 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w324 h90 gsa74\"><div class=\"t m0 x2b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">0,1 </div></div><div class=\"c w210 h90 gsa75\"><div class=\"t m0 x32 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">79,9 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 yfa8 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltri benefici\u201d compre<span class=\"_ _3\"></span>ndono le seguenti fattis<span class=\"_ _3\"></span>pecie:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a y3c3 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">s<span class=\"ff5\">conto <span class=\"_ _4\"> </span>gas, <span class=\"_ _4\"> </span>rappresenta <span class=\"_ _4\"> </span>un\u2019indennit\u00e0  annua <span class=\"_ _10\"> </span>ricon<span class=\"_ _3\"></span>osciuta <span class=\"_ _4\"> </span>ai <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ipendenti  Federgasacqua <span class=\"_ _4\"> </span>assunti  p<span class=\"_ _5\"></span>rima  del </span></span></span></div><div class=\"t m0 x63 h3 yee7 ff1 fs1 fc1 sc0 ls0 ws0\">gennaio 1980, reversibile agli<span class=\"_ _3\"></span> eredi; </div><div class=\"t m0 x23 h5a yd83 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">premungas, <span class=\"_ _d\"> </span>fondo <span class=\"_ _d\"> </span>pensionistico <span class=\"_ _d\"> </span>integrativo <span class=\"_ _e\"> </span>re<span class=\"_ _5\"></span>lativo <span class=\"_ _e\"></span>ai <span class=\"_ _d\"> </span>dipendenti <span class=\"_ _f\"> </span>Federga<span class=\"_ _3\"></span>sacqua <span class=\"_ _d\"> </span>assunti <span class=\"_ _d\"> </span>prima <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>gen<span class=\"_ _3\"></span>naio </span></span></div><div class=\"t m0 x63 h3 yce6 ff1 fs1 fc1 sc0 ls0 ws0\">1980. <span class=\"_ _5\"></span>Tale <span class=\"_ _7\"></span>fondo, <span class=\"_ _5\"></span>chiuso <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>far <span class=\"_ _5\"></span>data <span class=\"_ _7\"></span>dal <span class=\"_ _5\"></span>gennaio <span class=\"_ _5\"></span>1997, <span class=\"_ _7\"></span>viene <span class=\"_ _5\"></span>movimentato <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>adenza <span class=\"_ _5\"></span>trimestrale <span class=\"_ _5\"></span>unicamente </div><div class=\"t m0 x63 h3 ye56 ff1 fs1 fc1 sc0 ls0 ws0\">per regolare i versame<span class=\"_ _3\"></span>nti effettuati ai pensio<span class=\"_ _3\"></span>nati aventi diritto<span class=\"_ _5\"></span>; </div><div class=\"t m0 x23 h5a yc63 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">riduzione  tariff<span class=\"_ _3\"></span>aria,  \u00e8  stat<span class=\"_ _3\"></span>o  costituito <span class=\"_ _f\"> </span>per  far  fronte <span class=\"_ _f\"> </span>agli  oneri  deri<span class=\"_ _3\"></span>vanti  dal  ri<span class=\"_ _3\"></span>conoscimento  al <span class=\"_ _f\"> </span>personale  in<span class=\"_ _3\"></span> </span></span></div><div class=\"t m0 x63 h3 y12eb ff1 fs1 fc1 sc0 ls0 ws0\">quiescenza del ramo e<span class=\"_ _3\"></span>lettrico delle agevolazi<span class=\"_ _3\"></span>oni tariffarie sui con<span class=\"_ _3\"></span>sumi energetici. <span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y118a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y12ed ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>omponente <span class=\"_ _d\"> </span>\u201cService <span class=\"_ _d\"> </span>cost\u201d <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _d\"> </span>relativa <span class=\"_ _f\"> </span>alle <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _f\"> </span>con <span class=\"_ _d\"> </span>un <span class=\"_ _f\"> </span>numero <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>idotto <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>dipendenti, <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _4\"> </span><span class=\"ff1\">quali <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>fondo </span></div><div class=\"t m0 x23 h3 y12ee ff1 fs1 fc1 sc0 ls0 ws0\">trattamento di fine rap<span class=\"_ _3\"></span>porto rappresenta ancora u<span class=\"_ _3\"></span>n piano a benefici d<span class=\"_ _3\"></span>efiniti. <span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y1539 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y12ef ff5 fs1 fc1 sc0 ls0 ws0\">\u201cOneri finanziari\u201d sono <span class=\"_ _3\"></span>calcolati applicando<span class=\"_ _3\"></span> un tasso di attualizzazio<span class=\"_ _3\"></span>ne specifico per ogni societ<span class=\"_ _3\"></span>\u00e0, determinato in bas<span class=\"_ _3\"></span>e </div><div class=\"t m0 x23 h3 y1e12 ff5 fs1 fc1 sc0 ls0 ws0\">alla durata media fin<span class=\"_ _3\"></span>anziaria dell\u2019obbligazio<span class=\"_ _3\"></span>ne<span class=\"_ _5\"></span><span class=\"ff1\">.  </span></div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">352</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y173 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cUtili <span class=\"_ _d\"> </span>(perdite)<span class=\"ff1\"> <span class=\"_ _f\"> </span></span>attuariali\u201d <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>ri<span class=\"_ _5\"></span><span class=\"ff1\">misurazione <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>lle <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>benefici <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>dipendenti <span class=\"_ _d\"> </span>derivante <span class=\"_ _f\"> </span>dall<span class=\"_ _3\"></span>a </span></div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">modifica delle ipot<span class=\"_ _3\"></span>esi attuariali. Tali effetti sono contabilizzati nelle alt<span class=\"_ _3\"></span>re componenti di cont<span class=\"_ _3\"></span>o economico complessi<span class=\"_ _3\"></span>vo.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y176 ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _6\"></span>\u201cV<span class=\"_ _3\"></span>ariazione <span class=\"_ _7\"></span>dell\u2019area <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>consolidame<span class=\"_ _3\"></span>nto\u201d <span class=\"_ _7\"></span>accoglie <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>fondo <span class=\"_ _7\"></span>trattamento <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fine <span class=\"_ _7\"></span>rapporto <span class=\"_ _7\"></span>acquisito <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _7\"></span>delle </div><div class=\"t m0 x1b h3 y177 ff5 fs1 fc1 sc0 ls0 ws0\">operazioni di business <span class=\"_ _3\"></span>combination conclu<span class=\"_ _3\"></span>se nell\u2019esercizio.<span class=\"_ _75\"> </span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _6\"></span>tab<span class=\"_ _3\"></span>ella <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ottostante <span class=\"_ _7\"></span>rappresenta <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>principali <span class=\"_ _7\"></span>assunzioni <span class=\"_ _7\"></span>utilizzate <span class=\"_ _7\"></span>nella <span class=\"_ _6\"></span>stima <span class=\"_ _7\"></span>attuariale <span class=\"_ _6\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>benefici<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>dipendenti </div><div class=\"t m0 x1b h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">suddivise per area g<span class=\"_ _3\"></span>eografica: </div></div><div class=\"c w10a h3c gsa77\"><div class=\"t m0 x32 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">AREA CENTRA<span class=\"_ _3\"></span>LE </div></div><div class=\"c wd3 h3c gsa78\"><div class=\"t m0 xa7 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">AREA NORD-<span class=\"ls1f\">EST</span> </div></div><div class=\"c wd2 h3c gsa79\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Tasso annuo tecni<span class=\"_ _3\"></span>co di attualizzazion<span class=\"_ _3\"></span>e </div></div><div class=\"c w10a h3c gsa7a\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,78% </div></div><div class=\"c wd3 h3c gsa7b\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,78% </div></div><div class=\"c wd2 h3c gsa7c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Tasso annuo di <span class=\"_ _3\"></span>aumento retribuzioni c<span class=\"_ _3\"></span>omplessive </div></div><div class=\"c w10a h3c gsa7d\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,50% </div></div><div class=\"c wd3 h3c gsa7e\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,50% </div></div><div class=\"c wd2 h3c gsa7f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Frequenza annua <span class=\"_ _3\"></span>di uscita dall'attivit\u00e0 la<span class=\"_ _3\"></span>vorativa per caus<span class=\"_ _3\"></span>e diverse dalla morte </div></div><div class=\"c w10a h3c gsa80\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,12% </div></div><div class=\"c wd3 h3c gsa81\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,16% </div></div><div class=\"c wd2 h3c gsa82\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Frequenza annua <span class=\"_ _3\"></span>media di utilizzo del fo<span class=\"_ _3\"></span>ndo Tfr </div></div><div class=\"c w10a h3c gsa83\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,19% </div></div><div class=\"c wd3 h3c gsa84\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,86% </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y6ee ff5 fs1 fc1 sc0 ls0 ws0\">Nell\u2019interpretazion<span class=\"_ _3\"></span>e di tali assunzioni occor<span class=\"_ _3\"></span>re considerare quant<span class=\"_ _3\"></span>o segue:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h5a y1e15 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">con <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inflazione, lo <span class=\"_ _5\"></span>scenario <span class=\"_ _5\"></span>inflazionistico <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>desunto <span class=\"_ _5\"></span>adottando u<span class=\"_ _5\"></span>n <span class=\"_ _5\"></span>indice <span class=\"_ _5\"></span>Ipca pari <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l </span></span></div><div class=\"t m0 x59 h3 y1161 ff1 fs1 fc1 sc0 ls0 ws0\">2<span class=\"ls37\">% </span><span class=\"ff5\">per l\u2019anno 202</span>5 e per gli ann<span class=\"_ _3\"></span>i successivi; </div><div class=\"t m0 x1b h5a y1e16 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">per le probabilit\u00e0 di mo<span class=\"_ _3\"></span>rte si \u00e8 fatto riferiment<span class=\"_ _3\"></span>o alle tavole Istat 2<span class=\"_ _3\"></span>02<span class=\"_ _5\"></span>3; </span></span></div><div class=\"t m0 x1b h5a y1511 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">nelle valutazioni <span class=\"_ _5\"></span>attuariali sono state <span class=\"_ _5\"></span>considerate le <span class=\"_ _5\"></span>nuove decorrenze per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>trattamenti pensionistici<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>previste dal </span></span></div><div class=\"t m0 x59 h3 y1e17 ff1 fs1 fc1 sc0 ls0 ws0\">D.L. <span class=\"_ _e\"></span>201 <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>6 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>2011, <span class=\"_ _e\"></span>convertito, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>modificazioni, <span class=\"_ _6\"></span>dalla <span class=\"_ _e\"></span>L. <span class=\"_ _e\"> </span>214 <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>22 <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _6\"></span>2011, <span class=\"_ _e\"> </span>nonch\u00e9 <span class=\"_ _e\"> </span>la </div><div class=\"t m0 x59 h3 y324 ff1 fs1 fc1 sc0 ls0 ws0\">disciplina di <span class=\"_ _5\"></span>adeguamento dei requisiti <span class=\"_ _5\"></span>di accesso <span class=\"_ _5\"></span>al sistema <span class=\"_ _5\"></span>pensionistico agli <span class=\"_ _5\"></span>incrementi della speranza d<span class=\"_ _5\"></span>i vita </div><div class=\"t m0 x59 h43 y1ad ff5 fs1 fc1 sc0 ls0 ws0\">ai <span class=\"_ _6\"></span>sensi <span class=\"_ _6\"> </span>dell\u2019art. <span class=\"_ _e\"> </span>12 <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>D.L. <span class=\"_ _e\"> </span>78 <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>31 <span class=\"_ _e\"> </span>maggio <span class=\"_ _6\"></span>2010, <span class=\"_ _6\"></span>convertito, <span class=\"_ _6\"></span>con <span class=\"_ _6\"> </span>modificazioni, <span class=\"_ _6\"></span>dalla <span class=\"_ _6\"> </span>L. <span class=\"_ _e\"> </span>122 <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>30 <span class=\"_ _e\"> </span>luglio </div><div class=\"t m0 x59 h3 ye24 ff1 fs1 fc1 sc0 ls0 ws0\">2010; </div><div class=\"t m0 x1b h5a y15df ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">per <span class=\"_ _5\"></span>le probabilit\u00e0 di <span class=\"_ _5\"></span>uscita d<span class=\"_ _5\"></span>all\u2019attivit\u00e0 lavorativa per <span class=\"_ _5\"></span>cause diverse d<span class=\"_ _5\"></span>alla morte \u00e8<span class=\"_ _5\"></span> stato <span class=\"_ _5\"></span>ipotizzato un <span class=\"_ _5\"></span>tasso medio </span></span></div><div class=\"t m0 x59 h3 yd16 ff1 fs1 fc1 sc0 ls0 ws0\">di uscita pari al 2,12% annuo <span class=\"ff5\">per l\u2019Area centr<span class=\"_ _3\"></span>ale e 3,16% per l\u2019Area Nord<span class=\"ff1\">-est, in quanto l'analisi differenzi<span class=\"_ _3\"></span>ata per </span></span></div><div class=\"t m0 x59 h3 ye79 ff1 fs1 fc1 sc0 ls0 ws0\">qualifica contrattuale<span class=\"_ _3\"></span> e sesso non ha portato <span class=\"_ _3\"></span>a risultati statistic<span class=\"_ _3\"></span>amente significativi;<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h5a y1e18 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">per tenere in <span class=\"_ _5\"></span>considerazione il fenomeno delle anticipazioni, sono state <span class=\"_ _5\"></span>ipotizzat<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>le frequenze nonch\u00e9 l\u2019importo </span></span></div><div class=\"t m0 x59 h3 y1e19 ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _6\"></span>Tfr <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>anticipato. <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>frequenze <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>anticipazione, <span class=\"_ _6\"></span>nonch\u00e9 <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>percentuali <span class=\"_ _6\"></span>medie <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Tfr <span class=\"_ _6\"></span>richieste <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>titolo <span class=\"_ _6\"></span>di </div><div class=\"t m0 x59 h43 y1e1a ff5 fs1 fc1 sc0 ls0 ws0\">anticipo <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>state  des<span class=\"_ _3\"></span>unte <span class=\"_ _f\"> </span>dall\u2019osservazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>dati <span class=\"_ _f\"> </span>az<span class=\"_ _5\"></span>iendali. <span class=\"_ _d\"> </span>La<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>percentuale <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Tfr  rich<span class=\"_ _3\"></span>iesta <span class=\"_ _f\"> </span>a  titolo <span class=\"_ _d\"> </span>di<span class=\"_ _5\"></span> </div><div class=\"t m0 x59 h3 y1e1b ff1 fs1 fc1 sc0 ls0 ws0\">anticipo \u00e8 stata ipotizz<span class=\"_ _3\"></span>ata pari al 70% del Tfr,<span class=\"_ _3\"></span> ovvero al massimo pre<span class=\"_ _3\"></span>visto dalla normativa vig<span class=\"_ _3\"></span>ente.<span class=\"_ _7\"></span> </div><div class=\"t m0 x1b h3 y62f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y95 ff1 fs1 fc1 sc0 ls0 ws0\">Per le valutazioni att<span class=\"_ _3\"></span>uariali \u00e8 stata utilizzata la<span class=\"_ _3\"></span> curva dei tassi eur<span class=\"_ _3\"></span>o composite AA al 31 <span class=\"_ _3\"></span>dicembre 202<span class=\"_ _7\"></span>4. </div><div class=\"t m0 x1b h3 y149c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y16d2 ff3 fs1 fc1 sc0 ls0 ws0\">Sensitivity analysis <span class=\"ff10\">\u2013</span> Obbliga<span class=\"_ _3\"></span>zioni per piani a benefici<span class=\"_ _3\"></span> definiti </div><div class=\"t m0 x1b h3 y13dc ff1 fs1 fc1 sc0 ls0 ws0\">Ipotizzando <span class=\"_ _e\"> </span>un <span class=\"_ _f\"> </span>increme<span class=\"_ _3\"></span>nto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>50 <span class=\"_ _d\"> </span>basis <span class=\"_ _d\"> </span>point <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>tasso <span class=\"_ _d\"> </span>tecnico <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>attualizzazione <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>que<span class=\"_ _5\"></span>llo <span class=\"_ _e\"></span>effettivamente </div><div class=\"t m0 x1b h3 y1c06 ff1 fs1 fc1 sc0 ls0 ws0\">applicato <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4, <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>parit\u00e0 <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>altre <span class=\"_ _6\"></span>ipotesi <span class=\"_ _6\"></span>attuar<span class=\"_ _3\"></span>iali, <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>decremento <span class=\"_ _6\"></span>potenzial<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>del </div><div class=\"t m0 x1b h3 y5f0 ff1 fs1 fc1 sc0 ls0 ws0\">valore <span class=\"_ _5\"></span>attuale d<span class=\"_ _5\"></span>elle obbligazioni <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>piani <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>benefici d<span class=\"_ _5\"></span>efiniti (Dbo) <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>ammonterebbe a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>circa 1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro. </div><div class=\"t m0 x1b h3 y6fc ff1 fs1 fc1 sc0 ls0 ws0\">Allo stesso modo ipotizzando una riduzione del medesimo tasso di<span class=\"_ _5\"></span> 50 basis point, si avrebbe un a<span class=\"_ _5\"></span>umento potenzial<span class=\"_ _3\"></span>e </div><div class=\"t m0 x1b h3 y1c07 ff1 fs1 fc1 sc0 ls0 ws0\">del valore attuale del<span class=\"_ _3\"></span>la passivit\u00e0 di circa 1,5 milioni di euro. </div><div class=\"t m0 x1b h3 y1c08 ff1 fs1 fc1 sc0 ls0 ws0\">Ipotizzando <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>incremen<span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>50 <span class=\"_ _7\"></span>b<span class=\"_ _5\"></span>asis <span class=\"_ _7\"></span>point <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>inflazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>quello <span class=\"_ _7\"></span>effettivamente <span class=\"_ _7\"></span>applicato <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le </div><div class=\"t m0 x1b h3 y1c09 ff1 fs1 fc1 sc0 ls0 ws0\">valutazioni <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dice<span class=\"_ _5\"></span>mbre 202<span class=\"_ _5\"></span>4<span class=\"ff5\">, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>parit\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>altre <span class=\"_ _5\"></span>ipotesi <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttuariali, l\u2019incremento <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _5\"></span>delle </span></div><div class=\"t m0 x1b h3 y1640 ff1 fs1 fc1 sc0 ls0 ws0\">obbligazioni <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>piani <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>benefici <span class=\"_ _7\"></span>definiti <span class=\"_ _5\"></span>(Dbo) <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>ammonterebbe <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>circa <span class=\"_ _6\"></span>0,9 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>uro. <span class=\"_ _5\"></span>Allo <span class=\"_ _7\"></span>stesso <span class=\"_ _5\"></span>modo<span class=\"_ _5\"></span>, </div><div class=\"t m0 x1b h3 y6d4 ff1 fs1 fc1 sc0 ls0 ws0\">ipotizzando <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>rid<span class=\"_ _3\"></span>uzione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>medesimo <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>50 <span class=\"_ _7\"></span>basis <span class=\"_ _7\"></span>point, <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>avrebbe <span class=\"_ _7\"></span>u<span class=\"_ _5\"></span>na <span class=\"_ _7\"></span>diminuzione <span class=\"_ _7\"></span>potenziale <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>valore<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y6d5 ff1 fs1 fc1 sc0 ls0 ws0\">attuale della passivit<span class=\"_ _3\"></span>\u00e0 di circa 0,9 milioni di euro. </div><div class=\"t m0 x1b h3 y6d6 ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _f\"> </span>variazioni <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lle <span class=\"_ _d\"> </span>restanti  i<span class=\"_ _3\"></span>potesi <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ttuariali <span class=\"_ _d\"> </span>produrrebbero <span class=\"_ _f\"> </span>effetti <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>ignificati<span class=\"_ _3\"></span>vi <span class=\"_ _f\"> </span>rispetto <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>attuale <span class=\"_ _d\"> </span>delle </div><div class=\"t m0 x1b h3 y6d7 ff1 fs1 fc1 sc0 ls0 ws0\">passivit\u00e0 per piani a <span class=\"_ _3\"></span>benefici definiti iscritti <span class=\"_ _3\"></span>a bilancio.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y1c0a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1c0b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y1436 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>353<span class=\"ls0\"> </span>31  Fondi<span class=\"ls0\"> </span>VALORE INIZIA<span class=\"_ _3\"></span>LEACCANTONAMEN<span class=\"_ _3\"></span>TIONERI FINANZI<span class=\"_ _3\"></span>ARIUTILIZZIALTRI MOVIME<span class=\"_ _3\"></span>NTIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOVALORE FINAL<span class=\"_ _3\"></span>E31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Fondo ripristino <span class=\"_ _3\"></span>beni di terzi 217,9 6,4 4,4 \u2010<span class=\"ff4\"> </span>0,1 \u2010<span class=\"ff4\"> </span>228,8 Fondo spese chius<span class=\"_ _3\"></span>ura e post chiusura discariche 186,3 6,6 0,3 (12,0) 3,9 \u2010<span class=\"ff4\"> </span>185,1 Fondo cause legali e <span class=\"_ _3\"></span>contenzioso del personale 10,9 8,1 \u2010<span class=\"ff4\"> </span>(3,0) (1,0) \u2010<span class=\"ff4\"> </span>15,0 Fondo smaltimento rif<span class=\"_ _3\"></span>iuti 9,7 8,3 \u2010<span class=\"ff4\"> </span>(9,4) (0,1) \u2010<span class=\"ff4\"> </span>8,5 Fondo smantellam<span class=\"_ _3\"></span>ento impianti 6,1 0,1 0,1 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>6,3 Altri fondi 134,7 59,0 \u2010<span class=\"ff4\"> </span>(3,3) (16,5) 0,2 174,1 Totale 565,6 88,5 4,8 (27,7) (13,6) 0,2 617,8 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span>Fondo ripristino beni di <span class=\"_ _3\"></span>terzi 228,8 6,4 5,2 \u2010<span class=\"ff4\"> </span>(0,1) \u2010<span class=\"ff4\"> </span>240,3 Fondo spese chius<span class=\"_ _3\"></span>ura e post chiusura discariche 185,1 10,5 18,6 (13,4) 9,4 \u2010<span class=\"ff4\"> </span>210,2 Fondo cause legali e <span class=\"_ _3\"></span>contenzioso del personale 15,0 2,8 \u2010<span class=\"ff4\"> </span>(2,7) (0,3) \u2010<span class=\"ff4\"> </span>14,8 Fondo smaltimento rif<span class=\"_ _3\"></span>iuti 8,5 8,5 \u2010<span class=\"ff4\"> </span>(8,2) (0,2) 1,0 9,6 Fondo smantellam<span class=\"_ _3\"></span>ento impianti 6,3 \u2010<span class=\"ff4\"> </span>0,2 \u2010<span class=\"ff4\"> </span>0,2 \u2010<span class=\"ff4\"> </span>6,7 Altri fondi 174,1 48,1 \u2010<span class=\"ff4\"> </span>(10,6) (3,0) 2,9 211,5 Totale 617,8 76,3 24,0 (34,9) 6,0 3,9 693,1 \u201cFondo <span class=\"_ _5\"></span>ripristino <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>terzi\u201d<span class=\"ff3\"> <span class=\"_ _7\"></span><span class=\"ff1\">include <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>anziamenti <span class=\"_ _5\"></span>effettuati<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>relazione <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>vincoli <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>contrattuali <span class=\"_ _7\"></span>gravanti<span class=\"_ _3\"></span> </span></span>sulle <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>qualit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>utilizzatrici <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>re<span class=\"_ _5\"></span>ti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>distribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>propr<span class=\"_ _7\"></span>iet\u00e0 <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>asset. <span class=\"_ _6\"></span>Gli<span class=\"_ _3\"></span> stanziamenti <span class=\"_ _7\"></span>vengono <span class=\"_ _6\"></span>effettuati <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>aliquote <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>ammortamen<span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>economico<span class=\"_ _5\"></span>-tecniche <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>itenut<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>rappresentative<span class=\"_ _3\"></span> della residua possibilit\u00e0 di utilizzo dei cespiti al <span class=\"_ _5\"></span>fine di indennizzare le societ\u00e0 proprietarie dell\u2019effettivo deperimento <span class=\"_ _7\"></span><span class=\"ff1 lse\">e </span>consumo <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>beni <span class=\"_ _7\"></span>utilizzati <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>l\u2019attivit\u00e0 <span class=\"_ _7\"></span>d\u2019impresa. <span class=\"_ _6\"></span><span class=\"ff1\">Nel <span class=\"_ _5\"></span>caso <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>regime <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>concessione <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>sia <span class=\"_ _5\"></span>ancora <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>uno <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>di </span>proroga in a<span class=\"_ _5\"></span>ttesa della f<span class=\"_ _5\"></span>issazione delle gare d\u2019ambito, <span class=\"_ _5\"></span>il<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>fondo riflette il <span class=\"_ _5\"></span>valore attuale degli <span class=\"_ _5\"></span>esborsi che <span class=\"_ _5\"></span>si andranno <span class=\"_ _5\"></span>a </span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>periodi <span class=\"_ _6\"></span>futuri<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>(generalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>llo <span class=\"_ _6\"></span>scadere <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>elle <span class=\"_ _6\"></span>conven<span class=\"_ _3\"></span>zioni <span class=\"_ _6\"></span>sottoscritte <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>autorit\u00e0 <span class=\"_ _6\"></span>d\u2019ambito<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per quanto <span class=\"_ _7\"></span>concerne <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zio <span class=\"_ _7\"></span>idrico <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>allo <span class=\"_ _5\"></span>scadere <span class=\"_ _6\"></span>del <span class=\"_ _5\"></span>periodo <span class=\"_ _6\"></span>transitori<span class=\"_ _3\"></span>o <span class=\"_ _7\"></span>previsto <span class=\"_ _6\"></span>dal<span class=\"_ _3\"></span>la <span class=\"_ _7\"></span>vigente <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>qua<span class=\"_ _3\"></span>nto concerne <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>dis<span class=\"_ _3\"></span>tribuzione <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>gas). <span class=\"_ _6\"></span>Gli <span class=\"_ _6\"></span>incrementi <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>costit<span class=\"_ _3\"></span>uiti <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ommatoria <span class=\"_ _7\"></span>tra <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>stanziamenti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i<span class=\"_ _3\"></span> competenza <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>periodo, <span class=\"_ _f\"> </span>anche  q<span class=\"_ _3\"></span>uesti <span class=\"_ _f\"> </span>attualizzati, <span class=\"_ _f\"> </span>e  gl<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _f\"> </span>che  rifl<span class=\"_ _3\"></span>ettono <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>componente<span class=\"_ _7\"></span>  deri<span class=\"_ _3\"></span>vante dall\u2019attualizzazione <span class=\"_ _7\"></span><span class=\"ff1\">dei <span class=\"_ _7\"></span>flussi. <span class=\"_ _7\"></span>Si <span class=\"_ _7\"></span>precisa <span class=\"_ _7\"></span>che, <span class=\"_ _7\"></span>essendo <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>aggior <span class=\"_ _7\"></span>parte <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>concessioni <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>uno <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>proroga, <span class=\"_ _7\"></span>il </span>processo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>attualizzazione <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>conseguenti <span class=\"_ _6\"></span>oner<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>finanziari <span class=\"_ _e\"></span>si <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>iferiscono <span class=\"_ _6\"></span>esclusivamente <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>concessioni <span class=\"_ _e\"></span>ancora pienamente in vigore. \u201cF<span class=\"ff1 ls0\">ondo spese <span class=\"_ _5\"></span>chiusura e post <span class=\"_ _5\"></span>chiusura <span class=\"_ _5\"></span><span class=\"ff5\">discariche\u201d rappresenta quanto <span class=\"_ _5\"></span>stanziato per far <span class=\"_ _5\"></span>fronte ai <span class=\"_ _5\"></span>costi che <span class=\"_ _5\"></span>dovranno </span></span>essere s<span class=\"_ _5\"></span>ostenuti per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>gestione del <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>di c<span class=\"_ _5\"></span>hiusura e <span class=\"_ _5\"></span>post <span class=\"_ _5\"></span>chiusura delle <span class=\"_ _5\"></span>discariche <span class=\"_ _5\"></span>attualmente in <span class=\"_ _5\"></span>gestione. <span class=\"_ _5\"></span>Gli esborsi <span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>turi, <span class=\"_ _5\"></span>desunti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>iscarica <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>una <span class=\"_ _5\"></span>specifica <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>erizia <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>stima, <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>stati <span class=\"_ _7\"></span>attualizzati. <span class=\"_ _5\"></span>Gli <span class=\"_ _7\"></span>incrementi del fondo <span class=\"_ _5\"></span>iscritti a conto economico comprendono <span class=\"_ _5\"></span>la componente finanziaria desunta dal <span class=\"_ _5\"></span>processo di attualizzazione e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>accantonamenti <span class=\"_ _5\"></span>dovuti <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>modifiche <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>sugli <span class=\"_ _7\"></span>esborsi <span class=\"_ _5\"></span>futuri <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>seguito <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>revisione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>perizie <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>stima sulle discariche esaurit<span class=\"_ _3\"></span>e.  Gli <span class=\"_ _d\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _e\"> </span>si <span class=\"_ _f\"> </span><span class=\"lsf\">in</span>crementano <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ignificativament<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _e\"> </span>al <span class=\"_ _f\"> </span>precedente <span class=\"_ _e\"> </span>esercizio <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte  per <span class=\"_ _d\"> </span>effetto da<span class=\"ff5\">ll\u2019aggiornamento dei parametri utilizzati <span class=\"_ _5\"></span>per riflettere le <span class=\"_ _5\"></span>attuali condizioni <span class=\"_ _5\"></span>di mercato<span class=\"_ _7\"></span></span>. <span class=\"_ _5\"></span>A tal p<span class=\"_ _5\"></span>roposito si <span class=\"_ _5\"></span>segnala <span class=\"_ _5\"></span><span class=\"ls12\">che </span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023 <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>rivisitazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i a<span class=\"_ _5\"></span>ttualizzazion<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>aveva <span class=\"_ _7\"></span>compor<span class=\"_ _5\"></span>tato <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>decremento <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>attuale con <span class=\"_ _5\"></span>conseguente <span class=\"_ _5\"></span>riduzione significativa d<span class=\"_ _5\"></span>egli oneri <span class=\"_ _7\"></span>tale <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>compensare <span class=\"_ _5\"></span>quasi <span class=\"_ _5\"></span>interamente <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019effetto finanziario <span class=\"_ _5\"></span>dovuto </span>al passare del tempo. Gli utilizzi rappres<span class=\"_ _3\"></span>entano gli esborsi effettivi <span class=\"_ _3\"></span>che si sono determi<span class=\"_ _3\"></span>nati nell\u2019anno<span class=\"_ _5\"></span><span class=\"ff1\">, mentre vengono </span>classificati come \u201cAlt<span class=\"_ _3\"></span>ri movimenti\u201d<span class=\"ff1\"> <span class=\"_ _5\"></span>principalmente le <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>delle s<span class=\"_ _5\"></span>time dei <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>chiusura e <span class=\"_ _5\"></span>post <span class=\"_ _5\"></span>chiusura <span class=\"_ _5\"></span>relativi alle <span class=\"_ _5\"></span>discariche attive, </span>che <span class=\"_ _5\"></span>comportano <span class=\"_ _7\"></span>l\u2019iscrizione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ettifica <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>uguale <span class=\"_ _7\"></span>ammontare <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>valore <span class=\"_ _7\"></span>de<span class=\"_ _7\"></span><span class=\"ff1\">gli <span class=\"_ _5\"></span>impianti <span class=\"_ _7\"></span>(asset <span class=\"_ _5\"></span>discarica), <span class=\"_ _5\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,4 </span>milioni di euro per l\u2019es<span class=\"_ _3\"></span>ercizio 202<span class=\"ff1\">4. </span><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">354</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cFondo <span class=\"_ _5\"></span>cause <span class=\"_ _5\"></span>legali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>enzioso d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>personale\u201d <span class=\"_ _5\"></span>riflette<span class=\"ff1\"> <span class=\"_ _5\"></span></span>le<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>valutazioni sull\u2019esito <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>cause <span class=\"_ _7\"></span>legali e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>contenzioso </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">promosso dal personal<span class=\"_ _3\"></span>e dipendente.<span class=\"_ _75\"> </span>  </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y175 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cFondo <span class=\"_ _5\"></span>smaltimento <span class=\"_ _5\"></span>rifiuti\u201d<span class=\"ff1\"> <span class=\"_ _7\"></span>rappresenta <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>stima <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>smaltimento <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>rifiuti <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>stoccati <span class=\"_ _5\"></span>presso <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>impianti <span class=\"_ _5\"></span>del </span></div><div class=\"t m0 x1b h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">Gruppo. <span class=\"_ _f\"> </span>Gli <span class=\"_ _d\"> </span>accantonamenti <span class=\"_ _f\"> </span>riflettono <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>costi <span class=\"_ _f\"> </span>stimati <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span><span class=\"ff5\">er <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>conferimenti <span class=\"_ _d\"> </span>dell\u2019anno <span class=\"_ _d\"> </span>2<span class=\"_ _5\"></span>02</span>4 <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>ancora <span class=\"_ _f\"> </span>processati <span class=\"_ _d\"> </span>al </div><div class=\"t m0 x1b h3 y177 ff5 fs1 fc1 sc0 ls0 ws0\">termine dell\u2019esercizio,<span class=\"ff1\"> <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>gli utilizzi<span class=\"_ _5\"></span> </span>rappresentano i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>sostenuti nel c<span class=\"_ _5\"></span>orso dell\u2019esercizio per<span class=\"_ _5\"></span> la <span class=\"_ _5\"></span>lavorazione dei </div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\">rifiuti residui stoccati al 3<span class=\"_ _3\"></span>1 dicembre 2023. </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y17a ff5 fs1 fc1 sc0 ls0 ws0\">\u201cFondo <span class=\"_ _5\"></span>smantellamento <span class=\"_ _7\"></span>impianti\u201d<span class=\"ff1\"> <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>appresenta <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>stanziato <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>far <span class=\"_ _7\"></span>fronte <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>futuri <span class=\"_ _7\"></span>lavori <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>smantellamento <span class=\"_ _5\"></span>degli </span></div><div class=\"t m0 x1b h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">impianti <span class=\"ff5\">laddove ne ricor<span class=\"_ _3\"></span>ra l\u2019obbligo<span class=\"ff1\">. </span></span></div><div class=\"t m0 x1b h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y17d ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltri <span class=\"_ _d\"> </span>fondi\u201d<span class=\"ff1\"> <span class=\"_ _d\"> </span>accolgono <span class=\"_ _d\"> </span>stanziamenti <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>ronte <span class=\"_ _e\"> </span>di <span class=\"_ _f\"> </span>rischi <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>var<span class=\"_ _5\"></span>ia <span class=\"_ _d\"> </span>natura. <span class=\"_ _d\"> </span>Di <span class=\"_ _d\"> </span>seguito <span class=\"_ _d\"> </span>si  riport<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>una <span class=\"_ _d\"> </span>descrizione <span class=\"_ _d\"> </span>delle </span></div><div class=\"t m0 x1b h3 y17e ff1 fs1 fc1 sc0 ls0 ws0\">principali voci: </div><div class=\"t m0 x1b h3 y17f ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w113 h3c gsb01\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">PASSIVIT\u00c0 </div></div><div class=\"c w111 h3c gsb02\"><div class=\"t m0 xa8 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">TIPOLOGIA </div></div><div class=\"c w112 h3c gsb03\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w111 h3c gsb04\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w113 h3c gsb05\"><div class=\"t m0 x0 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">MLN/EURO </div></div><div class=\"c w113 h5f gsb06\"><div class=\"t m0 x0 hf ybff ffb fs3 fc1 sc0 ls0 ws0\">Rischi derivanti dall\u2019atti<span class=\"_ _1\"></span>v<span class=\"_ _5\"></span>it\u00e0 di efficientam<span class=\"_ _3\"></span>ento energetico s<span class=\"_ _3\"></span>volta per </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">conto di clienti prev<span class=\"_ _3\"></span>alentemente condomi<span class=\"_ _3\"></span>ni </div></div><div class=\"c w111 h5f gsb07\"><div class=\"t m0 x90 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">Probabile </div></div><div class=\"c w112 h5f gsb08\"><div class=\"t m0 x4b hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">18,3 </div></div><div class=\"c w111 h5f gsb09\"><div class=\"t m0 x4b hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">23,8 </div></div><div class=\"c w113 h8e gsb0a\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Mancato riconoscime<span class=\"_ _3\"></span>nto degli oneri re<span class=\"_ _3\"></span>ndicontati nei mercati <span class=\"_ _3\"></span>energy </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">regolamentati </div></div><div class=\"c w111 h8e gsb0b\"><div class=\"t m0 x90 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">Probabile </div></div><div class=\"c w112 h8e gsb0c\"><div class=\"t m0 x4b hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">15,8 </div></div><div class=\"c w111 h8e gsb0d\"><div class=\"t m0 x72 hf y5e2 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w113 h94 gsb0e\"><div class=\"t m0 x0 hf y5e6 ffb fs3 fc1 sc0 ls0 ws0\">Garanzia sull\u2019espo<span class=\"_ _3\"></span>sizione finanziaria c<span class=\"_ _3\"></span>oncessa da Acega<span class=\"_ _3\"></span>sApsAmga </div><div class=\"t m0 x0 hf y2fc ffb fs3 fc1 sc0 ls0 ws0\">Spa nell\u2019ipotesi <span class=\"_ _3\"></span>di abbandono delle attivit<span class=\"_ _3\"></span>\u00e0 che fanno prin<span class=\"_ _3\"></span>cipalmente </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">capo alla controllat<span class=\"_ _3\"></span>a estera AresGa<span class=\"_ _3\"></span>s (Bulgaria) </div></div><div class=\"c w111 h94 gsb0f\"><div class=\"t m0 xae hf y5e7 ff4 fs3 fc1 sc0 ls0 ws0\">Potenziale </div></div><div class=\"c w112 h94 gsb10\"><div class=\"t m0 x4b hf y5e7 ff4 fs3 fc1 sc0 ls0 ws0\">11,3 </div></div><div class=\"c w111 h94 gsb11\"><div class=\"t m0 x4b hf y5e7 ff4 fs3 fc1 sc0 ls0 ws0\">11,3 </div></div><div class=\"c w113 h61 gsb12\"><div class=\"t m0 x0 hf y2fb ff4 fs3 fc1 sc0 ls0 ws0\">Rischio di mancato rist<span class=\"_ _3\"></span>oro da parte delle <span class=\"_ _3\"></span>Agenzia delle dogan<span class=\"_ _3\"></span>e in </div><div class=\"t m0 x0 hf y3d2 ff4 fs3 fc1 sc0 ls0 ws0\">relazione alle addi<span class=\"_ _3\"></span>zionali sull'energia <span class=\"_ _3\"></span>elettrica rimborsate agli <span class=\"_ _3\"></span>utenti </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">finali </div></div><div class=\"c w111 h61 gsb13\"><div class=\"t m0 x90 hf y5a6 ff4 fs3 fc1 sc0 ls0 ws0\">Probabile </div></div><div class=\"c w112 h61 gsb14\"><div class=\"t m0 x4b hf y5a6 ff4 fs3 fc1 sc0 ls0 ws0\">10,3 </div></div><div class=\"c w111 h61 gsb15\"><div class=\"t m0 xc6 hf y5a6 ff4 fs3 fc1 sc0 ls0 ws0\">9,0 </div></div><div class=\"c w113 h3c gsb16\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Rischio contezio<span class=\"_ _3\"></span>si con Autorit\u00e0 garant<span class=\"_ _3\"></span>e </div></div><div class=\"c w111 h3c gsb17\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Probabile </div></div><div class=\"c w112 h3c gsb18\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">10,0 </div></div><div class=\"c w111 h3c gsb19\"><div class=\"t m0 x72 hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w113 h156 gsb1a\"><div class=\"t m0 x0 hf y87 ffb fs3 fc1 sc0 ls0 ws0\">Mancato riconoscime<span class=\"_ _3\"></span>nto del maggior c<span class=\"_ _3\"></span>osto dell\u2019energia el<span class=\"_ _3\"></span>ettrica </div><div class=\"t m0 x0 hf y5e6 ffb fs3 fc1 sc0 ls0 ws0\">utilizzata nello s<span class=\"_ _3\"></span>volgimento del servizi<span class=\"_ _3\"></span>o idrico nell\u2019anno 20<span class=\"_ _3\"></span>22 per </div><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">superamento del li<span class=\"_ _3\"></span>mite massimo ammi<span class=\"_ _3\"></span>ssibile previsto dal <span class=\"_ _3\"></span>sistema </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">tariffario </div></div><div class=\"c w111 h156 gsb1b\"><div class=\"t m0 x90 hf y1754 ff4 fs3 fc1 sc0 ls0 ws0\">Probabile </div></div><div class=\"c w112 h156 gsb1c\"><div class=\"t m0 xc6 hf y1754 ff4 fs3 fc1 sc0 ls0 ws0\">9,3 </div></div><div class=\"c w111 h156 gsb1d\"><div class=\"t m0 xc6 hf y1754 ff4 fs3 fc1 sc0 ls0 ws0\">9,3 </div></div><div class=\"c w113 h156 gsb1e\"><div class=\"t m0 x0 hf y87 ff4 fs3 fc1 sc0 ls0 ws0\">Mancato riconoscime<span class=\"_ _3\"></span>nto della quota d<span class=\"_ _3\"></span>ei certificati verdi degli im<span class=\"_ _3\"></span>pianti </div><div class=\"t m0 x0 hf y5e6 ff4 fs3 fc1 sc0 ls0 ws0\">di cogenerazione c<span class=\"_ _3\"></span>alcolato sul differen<span class=\"_ _3\"></span>ziale dei servizi ausiliari </div><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">derivanti dal totale <span class=\"_ _3\"></span>autoconsumo e <span class=\"_ _3\"></span>quelli stimati in base all<span class=\"_ _3\"></span>a </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">percentuale da be<span class=\"_ _3\"></span>nchmark </div></div><div class=\"c w111 h156 gsb1f\"><div class=\"t m0 x90 hf y1754 ff4 fs3 fc1 sc0 ls0 ws0\">Probabile </div></div><div class=\"c w112 h156 gsb20\"><div class=\"t m0 xc6 hf y1754 ff4 fs3 fc1 sc0 ls0 ws0\">8,9 </div></div><div class=\"c w111 h156 gsb21\"><div class=\"t m0 x4b hf y1754 ff4 fs3 fc1 sc0 ls0 ws0\">14,0 </div></div><div class=\"c w113 h5f gsb22\"><div class=\"t m0 x0 hf y2e7 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri per futuri interv<span class=\"_ _3\"></span>enti sugli <span class=\"ffb\">impianti coi<span class=\"_ _3\"></span>nvolti nell\u2019evento </span></div><div class=\"t m0 x0 hf y1e24 ff4 fs3 fc1 sc0 ls0 ws0\">alluvionale 2023 cop<span class=\"_ _3\"></span>erti da rimborsi as<span class=\"_ _3\"></span>sicurativi gi\u00e0 incassati </div></div><div class=\"c w111 h5f gsb23\"><div class=\"t m0 x90 hf y1e25 ff4 fs3 fc1 sc0 ls0 ws0\">Probabile </div></div><div class=\"c w112 h5f gsb24\"><div class=\"t m0 xc6 hf y1e25 ff4 fs3 fc1 sc0 ls0 ws0\">8,9 </div></div><div class=\"c w111 h5f gsb25\"><div class=\"t m0 xe6 hf y1e25 ff4 fs3 fc1 sc0 ls0 ws0\">- </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yb55 ff1 fs0 fc1d sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y1e26 ff5 fs1 fc1 sc0 ls0 ws0\">Le  passivit\u00e0  classificate  come  potenziali  sono  s<span class=\"_ _5\"></span>tate  rilevate  in  sede  di  business <span class=\"_ _4\"> </span>combination  nell\u2019esercizio  di </div><div class=\"t m0 x1b h3 y982 ff1 fs1 fc1 sc0 ls0 ws0\">riferimento <span class=\"ff5\">dell\u2019operazio<span class=\"_ _3\"></span>ne.<span class=\"ff1\"> </span></span></div><div class=\"t m0 x1b h3 y469 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y15e7 ff1 fs1 fc1 sc0 ls0 ws0\">Gli  a<span class=\"_ _5\"></span>ccantonamenti  <span class=\"ff5\">relativi  agli <span class=\"_ _4\"> </span>\u201cAltri <span class=\"_ _4\"> </span>fondi\u201d<span class=\"_ _5\"></span></span>,  pari <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>48,1  milioni  d<span class=\"_ _5\"></span>i  euro, <span class=\"_ _10\"> </span>presentano  una  di<span class=\"_ _5\"></span>minuzione  rispetto </div><div class=\"t m0 x1b h3 y1e27 ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019esercizio prece<span class=\"_ _3\"></span>dente principalmente a fro<span class=\"_ _3\"></span>nte<span class=\"_ _5\"></span><span class=\"ff1\"> di: </span></div><div class=\"t m0 x1b h5a y1ba9 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">significativa riduzione de<span class=\"ff5\">ll<span class=\"_ _5\"></span>\u2019attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>di efficientamento energ<span class=\"ff1\">e<span class=\"_ _5\"></span>tico degli edifici e <span class=\"_ _5\"></span>conseguenti rischiosit\u00e0, specie con </span></span></span></span></div><div class=\"t m0 x59 h3 y14f6 ff1 fs1 fc1 sc0 ls0 ws0\">le imprese appaltatri<span class=\"_ _3\"></span>ci<span class=\"_ _5\"></span>; </div><div class=\"t m0 x1b h5a y1e28 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">decremento <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>accanto<span class=\"_ _3\"></span>namenti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>decomissioni<span class=\"_ _5\"></span>ng <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>trattamento, <span class=\"_ _6\"></span>gi\u00e0 <span class=\"_ _6\"></span>ampiamente </span></span></div><div class=\"t m0 x59 h3 y1e29 ff1 fs1 fc1 sc0 ls0 ws0\">appostati al 31 dic<span class=\"_ _3\"></span>embre 2023; </div><div class=\"t m0 x1b h5a y986 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">valutazione <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _7\"></span>2024 <span class=\"_ _6\"></span><span class=\"lse\">de</span>l <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>ischio <span class=\"_ _7\"></span>derivante <span class=\"_ _7\"></span>dalla <span class=\"_ _6\"></span>delibera <span class=\"_ _7\"></span>Arera <span class=\"_ _7\"></span><span class=\"lse\">n.<span class=\"_ _5\"></span></span>388 <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _7\"></span>relazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>clie<span class=\"_ _3\"></span>ntela <span class=\"_ _6\"></span>de<span class=\"_ _3\"></span>l </span></span></div><div class=\"t m0 x59 h3 yed2 ff1 fs1 fc1 sc0 ls0 ws0\">mercato salvaguardia non di<span class=\"_ _3\"></span>salimentabile da considerare ammi<span class=\"_ _3\"></span>ssibile nelle proce<span class=\"_ _3\"></span>dure di rendicontazi<span class=\"_ _3\"></span>one<span class=\"_ _5\"></span>; </div><div class=\"t m0 x1b h5a y1e2a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">valutazione <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _e\"></span>probabile <span class=\"_ _6\"></span>contestazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>del<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019Autorit\u00e0</span> </span></span></div><div class=\"t m0 x59 h3 yfa9 ff1 fs1 fc1 sc0 ls0 ws0\">garante della privacy. </div><div class=\"t m0 x1b h3 yfaa ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yfd6 ff5 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _5\"></span>\u201cVariazioni dell<span class=\"_ _5\"></span>\u2019area di <span class=\"_ _5\"></span>consolidamento\u201d <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fondi <span class=\"_ _7\"></span><span class=\"ff1\">relativi a <span class=\"_ _7\"></span>societ\u00e0 e <span class=\"_ _5\"></span>rami <span class=\"_ _5\"></span>aziendali<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>controllo \u00e8 <span class=\"_ _5\"></span>stato </span></div><div class=\"t m0 x1b h3 yfac ff5 fs1 fc1 sc0 ls0 ws0\">acquisito nel corso d<span class=\"_ _3\"></span>ell\u2019esercizio 2024, come riportato alla nota 2<span class=\"_ _3\"></span>.02.10 \u201cAltre informazi<span class=\"_ _3\"></span>oni\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y75f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1e2b ff1 fs1 fc1 sc0 ls0 ws0\">Per una disamina dei f<span class=\"_ _3\"></span>ondi iscritti per cont<span class=\"_ _3\"></span>enziosi fiscali si riman<span class=\"_ _3\"></span>da <span class=\"_ _5\"></span><span class=\"ff5\">alla nota 12 \u201c</span>Imposte<span class=\"ff5 ls13\">\u201d.</span> </div><div class=\"t m0 x1b h3 yfae ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y4da ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">355<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 ls0 ws0\"> <span class=\"lsb\">2.02.09 </span>- Capit<span class=\"_ _3\"></span>ale circolante o<span class=\"_ _3\"></span>perativo </div><div class=\"t m0 x23 h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w3b h3c gsb26\"><div class=\"t m0 x92 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">NOTE </div></div><div class=\"c w3c h3c gsb27\"><div class=\"t m0 xa8 h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w326 h3c gsb28\"><div class=\"t m0 x4 h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2bf h3c gsb29\"><div class=\"t m0 x19 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w61 h3c gsfc\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Rimanenze </div></div><div class=\"c w3b h3c gsb2a\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">32<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gsb2b\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">168,1 </div></div><div class=\"c w326 h3c gsb2c\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">198,5 </div></div><div class=\"c w2bf h3c gsb2d\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(30,4) </div></div><div class=\"c w61 h3c gs100\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti commerciali </div></div><div class=\"c w3b h3c gsb2e\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">33<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gsb2f\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3.172,5 </div></div><div class=\"c w326 h3c gsb30\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3.586,8 </div></div><div class=\"c w2bf h3c gsb31\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(414,3) </div></div><div class=\"c w61 h3c gs104\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti commerciali </div></div><div class=\"c w3b h3c gsb32\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">34<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gsb33\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(2.723,9) </div></div><div class=\"c w326 h3c gsb34\"><div class=\"t m0 xae hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(2.619,3) </div></div><div class=\"c w2bf h3c gsb35\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(104,6) </div></div><div class=\"c w61 h3c gs108\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 per imposte c<span class=\"_ _3\"></span>orrenti </div></div><div class=\"c w3b h3c gsb36\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">13<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gsb37\"><div class=\"t m0 x91 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">31,3 </div></div><div class=\"c w326 h3c gsb38\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">11,4 </div></div><div class=\"c w2bf h3c gsb39\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">19,9 </div></div><div class=\"c w61 h3c gs10c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste correnti </div></div><div class=\"c w3b h3c gsb3a\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">13<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gsb3b\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(48,2) </div></div><div class=\"c w326 h3c gsb3c\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(110,2) </div></div><div class=\"c w2bf h3c gsb3d\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">62,0 </div></div><div class=\"c w61 h3c gsb3e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 correnti deri<span class=\"_ _3\"></span>vanti da contratti con i <span class=\"_ _3\"></span>clienti </div></div><div class=\"c w3b h3c gsb3f\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">35<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gsb40\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">263,9 </div></div><div class=\"c w326 h3c gsb41\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">433,1 </div></div><div class=\"c w2bf h3c gsb42\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(169,2) </div></div><div class=\"c w61 h3c gsb43\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 correnti d<span class=\"_ _3\"></span>erivanti da contratti <span class=\"_ _3\"></span>con clienti </div></div><div class=\"c w3b h3c gsb44\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">36<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gsb45\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(203,2) </div></div><div class=\"c w326 h3c gsb46\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(397,4) </div></div><div class=\"c w2bf h3c gsb47\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">194,2 </div></div><div class=\"c w61 h3c gsb48\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre attivit\u00e0 corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w3b h3c gsb49\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">37<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gsb4a\"><div class=\"t m0 x90 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.104,5 </div></div><div class=\"c w326 h3c gsb4b\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">509,3 </div></div><div class=\"c w2bf h3c gsb4c\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">595,2 </div></div><div class=\"c w61 h3c gsb4d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre passivit\u00e0 corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w3b h3c gsb4e\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">38<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gsb4f\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1.512,8) </div></div><div class=\"c w326 h3c gsb50\"><div class=\"t m0 xae hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1.487,3) </div></div><div class=\"c w2bf h3c gsb51\"><div class=\"t m0 xac hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(25,5) </div></div><div class=\"c w61 h90 gsb52\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc0 sc0 ls0 ws0\">Capitale circolant<span class=\"_ _3\"></span>e operativo </div></div><div class=\"c w3c h90 gsb53\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fc0 sc0 ls0 ws0\">252,2 </div></div><div class=\"c w326 h90 gsb54\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc0 sc0 ls0 ws0\">124,9 </div></div><div class=\"c w2bf h90 gsb55\"><div class=\"t m0 x92 h13 y5c7 ff2 fs3 fc0 sc0 ls0 ws0\">127,3 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 y101 ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _f\"> </span>capitale <span class=\"_ _f\"> </span>circolante <span class=\"_ _d\"> </span>operativo  \u00e8 <span class=\"_ _d\"> </span>costituito <span class=\"_ _f\"> </span>dalle <span class=\"_ _f\"> </span>medesime <span class=\"_ _f\"> </span>component<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>del  capitale <span class=\"_ _d\"> </span>circolante <span class=\"_ _f\"> </span>netto,<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>cos<span class=\"_ _5\"></span>\u00ec <span class=\"_ _d\"> </span>come </div><div class=\"t m0 x23 h3 y102 ff1 fs1 fc1 sc0 ls0 ws0\">definito <span class=\"_ _10\"> </span>da<span class=\"_ _5\"></span>gli <span class=\"_ _10\"> </span>indicatori <span class=\"_ _10\"> </span>alternativi <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>perfor<span class=\"_ _5\"></span><span class=\"ff5\">mance <span class=\"_ _10\"> </span>riportati <span class=\"_ _10\"> </span>al <span class=\"_ _8\"> </span>paragrafo <span class=\"_ _10\"> </span>1.04 <span class=\"_ _8\"> </span>\u201cSinte<span class=\"_ _3\"></span>si <span class=\"_ _8\"> </span>anda<span class=\"_ _3\"></span>mento <span class=\"_ _8\"> </span>ec<span class=\"_ _3\"></span>onomico<span class=\"_ _5\"></span><span class=\"ff1\">-<span class=\"_ _75\"> </span></span></span></div><div class=\"t m0 x23 h3 y103 ff5 fs1 fc1 sc0 ls0 ws0\">finanziario <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>efinizione <span class=\"_ _e\"> </span>degli <span class=\"_ _f\"> </span>indicatori <span class=\"_ _e\"> </span>alternativi <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>performance\u201d,  <span class=\"ff1\">a <span class=\"_ _e\"> </span>eccezione <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>quote <span class=\"_ _e\"> </span>correnti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>at<span class=\"_ _5\"></span>tivit\u00e0 <span class=\"_ _e\"> </span>e </span></div><div class=\"t m0 x23 h3 y104 ff1 fs1 fc1 sc0 ls0 ws0\">passivit\u00e0 per strumenti<span class=\"_ _3\"></span> finanziari derivati su comm<span class=\"_ _3\"></span>odity. </div><div class=\"t m0 x23 h3 y105 ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _5\"></span>variazione ri<span class=\"_ _5\"></span>spetto all\u2019esercizio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>confronto<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>influenzata, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>particolare, <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>riduzione <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>del b<span class=\"_ _5\"></span>usiness<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y106 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019efficientament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>ener<span class=\"_ _5\"></span>getico dei <span class=\"_ _5\"></span>condomini<span class=\"_ _5\"></span><span class=\"ff1\">, <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>comportato <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>significativo <span class=\"_ _5\"></span>decremento dei <span class=\"_ _7\"></span>debiti <span class=\"_ _5\"></span>commerciali </span></div><div class=\"t m0 x23 h3 y107 ff1 fs1 fc1 sc0 ls0 ws0\">a cui non si \u00e8 <span class=\"_ _5\"></span>accompagnato un pari decremento dei crediti di natura commerci<span class=\"_ _3\"></span>ale e tributaria, in particolar modo per </div><div class=\"t m0 x23 h3 y108 ff1 fs1 fc1 sc0 ls0 ws0\">le <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>ipiche <span class=\"_ _7\"></span>modalit\u00e0 <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>recupero <span class=\"_ _7\"></span>tramite <span class=\"_ _6\"></span>compensazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>quattro <span class=\"_ _7\"></span>rate <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>crediti <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>sconto <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>fattura <span class=\"_ _7\"></span>generatesi <span class=\"_ _7\"></span>da </div><div class=\"t m0 x23 h3 y109 ff1 fs1 fc1 sc0 ls0 ws0\">interventi <span class=\"_ _6\"></span>superbonus <span class=\"_ _7\"></span>1<span class=\"_ _5\"></span>10%. <span class=\"_ _6\"></span>Correlata <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quanto <span class=\"_ _6\"></span>appena <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>itato <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>dimin<span class=\"_ _3\"></span>uzione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>debito <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>imposta <span class=\"_ _6\"></span>sul<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y10a ff1 fs1 fc1 sc0 ls0 ws0\">valore <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ggiunto, <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>mese <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>dicembre <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"></span>ha <span class=\"_ _5\"></span>risentito <span class=\"_ _5\"></span>del<span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>significativa <span class=\"_ _5\"></span>fatturazione <span class=\"_ _6\"></span>degli <span class=\"_ _7\"></span>interventi <span class=\"_ _7\"></span>rientranti<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y10b ff5 fs1 fc1 sc0 ls0 ws0\">nel <span class=\"_ _e\"> </span>superbonus <span class=\"_ _e\"> </span>110%, <span class=\"_ _e\"> </span>evento <span class=\"_ _6\"> </span>n<span class=\"_ _5\"></span>on <span class=\"_ _e\"> </span>manifestatosi <span class=\"_ _6\"> </span>nell\u2019esercizio <span class=\"_ _e\"> </span>corrente. <span class=\"_ _f\"> </span><span class=\"ff1\">Si <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>egnala<span class=\"ls1e\">, <span class=\"_ _e\"> </span></span>inoltre, <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>importante <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>ffetto </span></div><div class=\"t m0 x23 h3 y10c ff1 fs1 fc1 sc0 ls0 ws0\">dovuto <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>ver<span class=\"_ _3\"></span>samento <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sal<span class=\"_ _3\"></span>do <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>mposte <span class=\"_ _7\"></span>sul <span class=\"_ _6\"></span>reddito <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>debito <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2023<span class=\"_ _5\"></span><span class=\"ls1e\">, </span></div><div class=\"t m0 x23 h3 y10d ff1 fs1 fc1 sc0 ls0 ws0\">esercizio <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>qual<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>risultato <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>articolarmente <span class=\"_ _7\"></span>significativo <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>quanto <span class=\"_ _7\"></span>riflette<span class=\"ls11\">va</span>, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>alcune <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>rilevanti, </div><div class=\"t m0 x23 h3 y3ef ff1 fs1 fc1 sc0 ls0 ws0\">versamenti precedenti <span class=\"_ _3\"></span>pi\u00f9 contenuti per il mi<span class=\"_ _3\"></span>nor risultato prodott<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span><span class=\"ls16\">. </span> </div><div class=\"t m0 x23 h3 y10f ff1 fs1 fc1 sc0 ls0 ws0\">Tali <span class=\"_ _8\"> </span>effetti <span class=\"_ _2\"> </span>sono <span class=\"_ _8\"> </span>p<span class=\"_ _5\"></span>arzialmente<span class=\"_ _3\"></span> <span class=\"_ _2\"> </span>compensati <span class=\"_ _8\"> </span>dal<span class=\"ff5\">la <span class=\"_ _2\"> </span>riclassificazione <span class=\"_ _8\"> </span>da <span class=\"_ _8\"> </span>\u201c<span class=\"_ _5\"></span></span>P<span class=\"ff5\">assivit\u00e0 <span class=\"_ _8\"> </span>finanziarie <span class=\"_ _8\"> </span>correnti\u201d <span class=\"_ _8\"> </span>a <span class=\"_ _2\"> </span>\u201c<span class=\"_ _5\"></span></span>Debiti </div><div class=\"t m0 x23 h3 y110 ff5 fs1 fc1 sc0 ls0 ws0\">commerciali\u201d <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>mporti <span class=\"_ _e\"> </span>ricevuti <span class=\"_ _e\"> </span>come <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>nticipi <span class=\"_ _e\"> </span>relativi <span class=\"_ _e\"> </span>al <span class=\"_ _d\"> </span>processo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>settlement <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>gas, <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>a <span class=\"_ _e\"> </span>dicembre <span class=\"_ _d\"> </span>202<span class=\"_ _7\"></span><span class=\"ff1\">3 </span></div><div class=\"t m0 x23 h3 y658 ff1 fs1 fc1 sc0 ls0 ws0\">risulta<span class=\"ls11\">va</span>no pari <span class=\"_ _3\"></span>a 154,1 <span class=\"ff5\">milioni di euro. Per magg<span class=\"_ _3\"></span>iori dettagli si rimanda<span class=\"_ _3\"></span> al paragrafo 2.02.0<span class=\"_ _3\"></span>1 \u201cIntroduzione\u201d<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span></div><div class=\"t m0 x23 h3 y112 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y113 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1e2d ff8 fsa fc2 sc0 lsb ws0\">32<span class=\"ls55\">  <span class=\"ls0\">Rimanenze </span></span></div><div class=\"t m0 x23 h3 y920 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsb56\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsb57\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsb58\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gsb59\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Stoccaggi gas </div></div><div class=\"c w111 h3c gsb5a\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">85,8 </div></div><div class=\"c w112 h3c gsb5b\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">114,6 </div></div><div class=\"c w111 h3c gsb5c\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(28,8) </div></div><div class=\"c w110 h3c gsb5d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Materie prime e <span class=\"_ _3\"></span>scorte </div></div><div class=\"c w111 h3c gsb5e\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">69,2 </div></div><div class=\"c w112 h3c gsb5f\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">70,2 </div></div><div class=\"c w111 h3c gsb60\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w110 h3c gsb61\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Materiali destinati alla <span class=\"_ _3\"></span>vendita e prodotti <span class=\"_ _3\"></span>finiti </div></div><div class=\"c w111 h3c gsb62\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">13,1 </div></div><div class=\"c w112 h3c gsb63\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">13,7 </div></div><div class=\"c w111 h3c gsb64\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w110 h3c gsb65\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsb66\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fc10 sc0 ls0 ws0\">168,1 </div></div><div class=\"c w112 h3c gsb67\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fc10 sc0 ls0 ws0\">198,5 </div></div><div class=\"c w111 h3c gsb68\"><div class=\"t m0 x98 h13 y66 ff2 fs3 fc10 sc0 ls0 ws0\">(30,4) </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h3 y6d6 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cStoccaggi <span class=\"_ _d\"> </span>gas\u201d, <span class=\"_ _f\"> </span>gi\u00e0 <span class=\"_ _d\"> </span>esposti <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>netto <span class=\"_ _f\"> </span>del <span class=\"_ _d\"> </span>relativo <span class=\"_ _f\"> </span>fondo <span class=\"_ _d\"> </span>svalutazione, <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _d\"> </span>le  <span class=\"ff1\">giacenze <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>ga<span class=\"ls11\">s <span class=\"_ _d\"> </span></span>metano </span></div><div class=\"t m0 x23 h3 y1e2f ff5 fs1 fc1 sc0 ls0 ws0\">destinate alla vendita. <span class=\"_ _3\"></span>La variazione risp<span class=\"_ _3\"></span>etto al termine dell\u2019eserc<span class=\"_ _3\"></span>izio precedente \u00e8 dovuta<span class=\"_ _5\"></span><span class=\"ff1\"> principalmente: </span></div><div class=\"t m0 x23 h5a y49f ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">alla <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>iminuzione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"> </span>prezzi <span class=\"_ _e\"> </span>all\u2019ingrosso <span class=\"_ _6\"></span>registrata <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>corso <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>l\u2019esercizio<span class=\"ff1\"> <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4, <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>ha <span class=\"_ _6\"></span>determinato <span class=\"_ _6\"></span>u<span class=\"_ _5\"></span>n <span class=\"_ _6\"></span>costo </span></span></span></div><div class=\"t m0 x63 h3 y4a0 ff1 fs1 fc1 sc0 ls0 ws0\">medio di carico pi\u00f9 con<span class=\"_ _3\"></span>tenuto; </div><div class=\"t m0 x23 h5a y22a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _e\"> </span>minori <span class=\"_ _d\"> </span>volumi <span class=\"_ _e\"></span>in <span class=\"_ _d\"> </span>giacenza <span class=\"_ _e\"></span>a <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>ine <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>effetto <span class=\"_ _d\"> </span>delle <span class=\"_ _e\"></span>minori <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>stoccaggio <span class=\"_ _e\"> </span>acquistate <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>er <span class=\"_ _e\"></span>la </span></span></div><div class=\"t m0 x63 h3 y22b ff1 fs1 fc1 sc0 ls0 ws0\">stagione autunno inv<span class=\"_ _3\"></span>erno 2024-2025. </div><div class=\"t m0 x23 h3 y22c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y11a0 ff1 fs1 fc1 sc0 ls0 ws0\">Come <span class=\"_ _10\"> </span>illustrato <span class=\"_ _10\"> </span>nella <span class=\"_ _8\"> </span>rel<span class=\"_ _3\"></span>azione <span class=\"_ _10\"> </span>sulla <span class=\"_ _8\"> </span>gestio<span class=\"_ _3\"></span>ne <span class=\"_ _10\"> </span>al <span class=\"_ _8\"> </span>par<span class=\"_ _3\"></span>agrafo <span class=\"_ _10\"> </span>1.04 <span class=\"_ _10\"> </span><span class=\"ff5\">\u201c<span class=\"_ _5\"></span>Sintesi <span class=\"_ _10\"> </span>andamento <span class=\"_ _10\"> </span>economico</span>-finanziario <span class=\"_ _10\"> </span>e </div><div class=\"t m0 x23 h43 y22e ff5 fs1 fc1 sc0 ls0 ws0\">definizione <span class=\"_ _4\"> </span>degli <span class=\"_ _10\"> </span>indicatori <span class=\"_ _4\"> </span>alternativi <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>performance\u201d, <span class=\"_ _4\"> </span>ne<span class=\"_ _5\"></span>lla  d<span class=\"_ _5\"></span>eterminazione <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>costo <span class=\"_ _4\"> </span>medio <span class=\"_ _10\"> </span>delle <span class=\"_ _4\"> </span>rimanenze </div><div class=\"t m0 x23 h3 y22f ff1 fs1 fc1 sc0 ls0 ws0\">vengono <span class=\"_ _e\"></span>presi <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>considerazione <span class=\"_ _e\"></span>tutti <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>acquisti <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>gas <span class=\"_ _e\"></span>naturale <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>ffettuati <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>iniezione <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>stoccaggio, </div><div class=\"t m0 x23 h3 y11a1 ff1 fs1 fc1 sc0 ls0 ws0\">senza <span class=\"_ _5\"></span>alcuna d<span class=\"_ _5\"></span>istinzione circa <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>finalit\u00e0 <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>stessi, <span class=\"_ _5\"></span>diversament<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>quello che <span class=\"_ _5\"></span>avviene <span class=\"_ _5\"></span>gestionalmente <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>un p<span class=\"_ _5\"></span>i\u00f9 </div><div class=\"t m0 x23 h3 y231 ff1 fs1 fc1 sc0 ls0 ws0\">puntuale <span class=\"_ _d\"> </span>monitoraggio <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>business. <span class=\"_ _d\"> </span>I<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>prezzi <span class=\"_ _f\"> </span>decrescent<span class=\"_ _3\"></span>i <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>criterio <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>valutazione <span class=\"_ _d\"> </span>massivo <span class=\"_ _d\"> </span>d<span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ontratti <span class=\"_ _d\"> </span>hanno </div><div class=\"t m0 x23 h3 y232 ff1 fs1 fc1 sc0 ls0 ws0\">determinato <span class=\"_ _6\"></span>una <span class=\"_ _e\"></span>valorizzazione <span class=\"_ _6\"></span>contabile <span class=\"_ _e\"></span>delle <span class=\"_ _6\"></span>scorte <span class=\"_ _e\"></span>superiore <span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>quello <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>pu\u00f2<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>identificato <span class=\"_ _e\"></span>come <span class=\"_ _6\"></span>valore </div><div class=\"t m0 x23 h3 y11a2 ff1 fs1 fc1 sc0 ls0 ws0\">netto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>realizzo <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>luce <span class=\"_ _e\"></span>dei <span class=\"_ _6\"></span>contratti <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>endita <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>termine <span class=\"_ _e\"></span>gi\u00e0 <span class=\"_ _e\"></span>sottoscritti <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>al<span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>riferimento <span class=\"_ _6\"></span>del </div><div class=\"t m0 x23 h3 y234 ff1 fs1 fc1 sc0 ls0 ws0\">bilancio. <span class=\"_ _d\"> </span>Per <span class=\"_ _e\"> </span>tali <span class=\"_ _d\"> </span>ragioni <span class=\"_ _d\"> </span>si <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>proceduto <span class=\"_ _e\"></span>a<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>allineare <span class=\"_ _d\"> </span>contabilmente <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>scorte <span class=\"_ _d\"> </span>al <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>resumibile <span class=\"_ _e\"></span>valore <span class=\"_ _d\"> </span>di </div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">356</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">realizzo <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>netto <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>osti <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>vendita<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _7\"></span></span>rilevando <span class=\"_ _7\"></span>una <span class=\"_ _5\"></span>rettifica <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>fine <span class=\"_ _7\"></span>periodo <span class=\"_ _5\"></span>pari <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>17,8 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _5\"></span>(<span class=\"_ _5\"></span><span class=\"ls10\">27</span>,4 <span class=\"_ _5\"></span>milioni <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">euro al 31 dicembre 202<span class=\"_ _3\"></span>3).<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y175 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cMaterie prime e scort<span class=\"_ _3\"></span>e\u201d, gi\u00e0 esposte al netto d<span class=\"_ _3\"></span>el relativo fondo svalut<span class=\"_ _3\"></span>azione, sono costituite p<span class=\"_ _3\"></span>rincipalmente<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"lse\">da<span class=\"_ _5\"></span></span>: </span></div><div class=\"t m0 x1b h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsb6a\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsb6b\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsb6c\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gsb6d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Materiali di ricambi<span class=\"_ _3\"></span>o e apparecchiat<span class=\"_ _3\"></span>ure </div></div><div class=\"c w111 h3c gsb6e\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">61,8 </div></div><div class=\"c w112 h3c gsb6f\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">61,3 </div></div><div class=\"c w111 h3c gsb70\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,5 </div></div><div class=\"c w113 h3c gsb71\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Materie plastiche<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gsb72\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">7,2 </div></div><div class=\"c w112 h3c gsb73\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,8 </div></div><div class=\"c w111 h3c gsb74\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,6) </div></div><div class=\"c w113 h3c gsb75\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri combustibili </div></div><div class=\"c w111 h3c gsb76\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w112 h3c gsb77\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w111 h3c gsb78\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w113 h90 gsb79\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h90 gsb7a\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">69,2 </div></div><div class=\"c w112 h90 gsb7b\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">70,2 </div></div><div class=\"c w111 h90 gsb7c\"><div class=\"t m0 x2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x6b h4e y102c ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y11ca ff5 fs1 fc1 sc0 ls0 ws0\">\u201cMateriali <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>estinati <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>endita<span class=\"ff1\"> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>prodotti <span class=\"_ _6\"></span>finit<span class=\"_ _3\"></span>i<span class=\"ff5\">\u201d, <span class=\"_ _6\"></span></span>gi\u00e0 <span class=\"_ _6\"></span>esposte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>netto <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>relativo <span class=\"_ _6\"></span>fondo <span class=\"_ _7\"></span>svalutazione<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _6\"></span></span>sono <span class=\"_ _6\"></span>costituiti<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 y1e33 ff1 fs1 fc1 sc0 ls0 ws0\">principalmente da: </div><div class=\"t m0 x6b h4e y1e34 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsb7d\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsb7e\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsb7f\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gsb80\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Prodotti plastici </div></div><div class=\"c w111 h3c gsb81\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">9,9 </div></div><div class=\"c w112 h3c gsb82\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">8,4 </div></div><div class=\"c w111 h3c gsb83\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,5 </div></div><div class=\"c w113 h98 gsb84\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Materiale per impia<span class=\"_ _3\"></span>nti fotovoltaici </div></div><div class=\"c w111 h98 gsb85\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3,0 </div></div><div class=\"c w112 h98 gsb86\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">4,9 </div></div><div class=\"c w111 h98 gsb87\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,9) </div></div><div class=\"c w113 h3c gsb88\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri prodotti/mat<span class=\"_ _3\"></span>eriali </div></div><div class=\"c w111 h3c gsb89\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w112 h3c gsb8a\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w111 h3c gsb8b\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w113 h3c gsb8c\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsb8d\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">13,1 </div></div><div class=\"c w112 h3c gsb8e\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">13,7 </div></div><div class=\"c w111 h3c gsb8f\"><div class=\"t m0 x2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y1e36 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 yb2d ff5 fs1 fc1 sc0 ls0 ws0\">Come <span class=\"_ _e\"> </span>esposto <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>paragrafo <span class=\"_ _e\"> </span>2.02.01 <span class=\"_ _e\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>cor<span class=\"_ _5\"></span>so <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>presente <span class=\"_ _d\"> </span>esercizio, <span class=\"_ _6\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>introdotte <span class=\"_ _6\"> </span>nuove </div><div class=\"t m0 x1b h3 y12ab ff1 fs1 fc1 sc0 ls0 ws0\">righe <span class=\"_ _4\"> </span>negli <span class=\"_ _4\"> </span>schemi <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span>  bilancio <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>di  conseguenza  sono<span class=\"_ _5\"></span>  state <span class=\"_ _4\"> </span>effettuate <span class=\"_ _4\"> </span>alcune <span class=\"_ _8\"> </span>riesposizioni <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>qu<span class=\"_ _3\"></span>anto </div><div class=\"t m0 x1b h3 y1e37 ff1 fs1 fc1 sc0 ls0 ws0\">pubblicato al 31 dicembre 20<span class=\"_ _3\"></span>23. In<span class=\"_ _5\"></span> particolare, si seg<span class=\"_ _3\"></span>nala che <span class=\"ff5\">nell\u2019esercizio precedente </span>le <span class=\"ff5 lsd\">\u201cR</span>imanenze<span class=\"ff5\">\u201d</span> accoglievano </div><div class=\"t m0 x1b h3 y1e38 ff1 fs1 fc1 sc0 ls0 ws0\">le risultanze dei lavori in corso su ordin<span class=\"_ _3\"></span>azione<span class=\"_ _5\"></span> per 433,1 milioni di euro, che sono state esposte<span class=\"_ _5\"></span> al 31 dicembre 2024<span class=\"ls25\">, </span></div><div class=\"t m0 x1b h3 y1e39 ff1 fs1 fc1 sc0 ls0 ws0\">per <span class=\"_ _e\"> </span>entrambi <span class=\"_ _d\"> </span>i <span class=\"_ _e\"> </span>periodi <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>confronto,<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>nella <span class=\"_ _d\"> </span>voce <span class=\"_ _d\"> </span><span class=\"ff5\">di <span class=\"_ _e\"> </span>nuova <span class=\"_ _d\"> </span>introduzione <span class=\"_ _e\"> </span>\u201c<span class=\"_ _5\"></span></span>Attivit\u00e0 <span class=\"_ _e\"></span>correnti <span class=\"_ _e\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"></span>con <span class=\"_ _d\"> </span><span class=\"ls23\">i </span></div><div class=\"t m0 x1b h3 y1e3a ff1 fs1 fc1 sc0 ls0 ws0\">clienti<span class=\"ff5\">\u201d</span>. </div><div class=\"t m0 x1b h3 y1e3b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1e3c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y1e3d ff8 fsa fc2 sc0 lsb ws0\">33<span class=\"ls55\">  <span class=\"ls0\">Crediti com<span class=\"_ _3\"></span>merciali  </span></span></div><div class=\"t m0 x1b h3 y1534 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h98 gsb90\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h98 gsb91\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h98 gsb92\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gsb93\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti verso clienti </div></div><div class=\"c w111 h3c gsb94\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2.133,9 </div></div><div class=\"c w112 h3c gsb95\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3.066,5 </div></div><div class=\"c w111 h3c gsb96\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(932,6) </div></div><div class=\"c w113 h3c gsb97\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti verso clienti <span class=\"_ _3\"></span>per bollette e fattur<span class=\"_ _3\"></span>e da emettere </div></div><div class=\"c w111 h3c gsb98\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.748,7 </div></div><div class=\"c w112 h3c gsb99\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.147,0 </div></div><div class=\"c w111 h3c gsb9a\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">601,7 </div></div><div class=\"c w113 h3c gsb9b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo svalutazi<span class=\"_ _3\"></span>one crediti </div></div><div class=\"c w111 h3c gsb9c\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(710,1) </div></div><div class=\"c w112 h3c gsb9d\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(626,7) </div></div><div class=\"c w111 h3c gsb9e\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(83,4) </div></div><div class=\"c w113 h3c gsb9f\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsba0\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">3.172,5 </div></div><div class=\"c w112 h3c gsba1\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">3.586,8 </div></div><div class=\"c w111 h3c gsba2\"><div class=\"t m0 x93 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(414,3) </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h3 y154 ff1 fs1 fc1 sc0 ls0 ws0\">I <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>commerciali <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>comprensivi <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>consumi <span class=\"_ _5\"></span>stimati, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>competenza <span class=\"_ _5\"></span>del p<span class=\"_ _5\"></span>eriodo, <span class=\"_ _5\"></span>relativamente a </div><div class=\"t m0 x1b h3 y155 ff1 fs1 fc1 sc0 ls0 ws0\">bollette <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>fatture <span class=\"_ _e\"></span>che <span class=\"_ _d\"> </span>saranno <span class=\"_ _e\"></span>emesse <span class=\"_ _e\"> </span>dopo <span class=\"_ _d\"> </span>la <span class=\"_ _e\"> </span>data <span class=\"_ _d\"> </span>del<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>3<span class=\"_ _5\"></span>1 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>2024, <span class=\"_ _d\"> </span>nonch\u00e9 <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>crediti <span class=\"_ _d\"> </span>per <span class=\"_ _e\"> </span>ricavi <span class=\"_ _d\"> </span>maturati </div><div class=\"t m0 x1b h3 y1495 ff5 fs1 fc1 sc0 ls0 ws0\">nell\u2019esercizio con <span class=\"_ _7\"></span>riferimento al <span class=\"_ _5\"></span>settore <span class=\"_ _5\"></span>idrico <span class=\"_ _5\"></span>che, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>funzione delle <span class=\"_ _7\"></span>modalit\u00e0 di <span class=\"_ _6\"></span><span class=\"ff1\">addebito a<span class=\"_ _5\"></span>gli u<span class=\"_ _5\"></span>tenti <span class=\"_ _5\"></span>finali determinate </span></div><div class=\"t m0 x1b h3 y157 ff5 fs1 fc1 sc0 ls0 ws0\">dall\u2019Autorit\u00e0, verrann<span class=\"_ _3\"></span>o fatturati nei prossimi e<span class=\"_ _3\"></span>sercizi.<span class=\"_ _5\"></span><span class=\"ff1\">  </span></div><div class=\"t m0 x1b h3 y158 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1317 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _6\"></span>variazione <span class=\"_ _7\"></span>dello <span class=\"_ _6\"></span>stock <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span><span class=\"ff5\">crediti <span class=\"_ _7\"></span>gestito <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>esercizio <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>recedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _e\"> </span><span class=\"ff1\">dovuta <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>diversi <span class=\"_ _7\"></span>fenomeni <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>hanno </span></span></div><div class=\"t m0 x1b h3 y15a ff1 fs1 fc1 sc0 ls0 ws0\">avuto effetti contrappo<span class=\"_ _3\"></span>sti. Di seguito sono riportati i principali: </div><div class=\"t m0 x1b h5a yfff ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">diminuzione <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>fatture <span class=\"_ _e\"> </span>emesse <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>relazione <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>servizi <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>efficientamento <span class=\"_ _e\"></span>energetico <span class=\"_ _e\"></span>svolti <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>dei </span></span></div><div class=\"t m0 x59 h3 y1000 ff1 fs1 fc1 sc0 ls0 ws0\">condomini. <span class=\"_ _6\"></span><span class=\"ff5\">Nell\u2019ultimo <span class=\"_ _6\"></span>trimestre<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dell\u2019<span class=\"ff1\">e<span class=\"_ _5\"></span>sercizio <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>particolare, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>proceduto <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>fatturare <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>stato </span></span></div><div class=\"t m0 x59 h3 y190 ff1 fs1 fc1 sc0 ls0 ws0\">avanzamento <span class=\"_ _6\"></span>dei <span class=\"_ _d\"> </span>cantieri, <span class=\"_ _e\"></span>quasi <span class=\"_ _6\"></span>interamente <span class=\"_ _e\"></span>conclusi, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>interventi <span class=\"_ _e\"></span>rientranti <span class=\"_ _6\"></span>nel <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>uperbonus <span class=\"_ _6\"></span>110%. <span class=\"_ _d\"> </span>Tali </div><div class=\"t m0 x59 h3 y191 ff1 fs1 fc1 sc0 ls0 ws0\">crediti <span class=\"_ _5\"></span>commerciali, <span class=\"_ _5\"></span>valutati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>loro <span class=\"_ _5\"></span>rilevazione <span class=\"_ _5\"></span>iniziale, <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>volta <span class=\"_ _7\"></span>terminato nei <span class=\"_ _7\"></span>primi </div><div class=\"t m0 x59 h3 y1002 ff5 fs1 fc1 sc0 ls0 ws0\">mesi <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>l\u2019invio <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>documentazione <span class=\"_ _6\"></span>necess<span class=\"_ _3\"></span>aria <span class=\"_ _6\"></span>all\u2019Agenzia <span class=\"_ _6\"></span>delle <span class=\"_ _d\"> </span><span class=\"ff1\">entrate, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _6\"></span>come </span></div><div class=\"t m0 x59 h3 y193 ff5 fs1 fc1 sc0 ls0 ws0\">crediti d\u2019imposta, es<span class=\"_ _3\"></span>sendo previsto il mecca<span class=\"_ _3\"></span>nismo dello sconto i<span class=\"_ _3\"></span>n fattura nel rapporto con<span class=\"_ _3\"></span>trattuale con il cli<span class=\"_ _3\"></span>ente; <span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h5a y1e3f ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">aumento <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _10\"> </span>verso <span class=\"_ _10\"> </span>clienti <span class=\"_ _10\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>fatture <span class=\"_ _10\"> </span>da <span class=\"_ _10\"> </span>emettere <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>re<span class=\"_ _5\"></span>lazione, <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>particolare, <span class=\"_ _10\"> </span>alle <span class=\"_ _10\"> </span>operazioni <span class=\"_ _10\"> </span>di </span></span></div><div class=\"t m0 x59 h3 y1697 ff5 fs1 fc1 sc0 ls0 ws0\">intermediazione <span class=\"_ _7\"></span>sui <span class=\"_ _6\"></span>mercat<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ll\u2019ingro<span class=\"ff1\">sso <span class=\"_ _6\"></span>realiz<span class=\"_ _3\"></span>zate <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>fine <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>sercizio, <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>prevedono <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>regolazione <span class=\"_ _7\"></span>finanziaria </span></div><div class=\"t m0 x59 h3 y1e40 ff1 fs1 fc1 sc0 ls0 ws0\">nei primi mesi del 202<span class=\"_ _3\"></span>5,<span class=\"_ _5\"></span> per i qu<span class=\"_ _3\"></span>ali si <span class=\"ff5\">evidenza un andamento si<span class=\"_ _3\"></span>milare alla voce \u201cDe<span class=\"_ _3\"></span>biti commerciali\u201d<span class=\"ff1\">.<span class=\"_ _75\"> </span></span></span><span class=\"ff5\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 x59 h3 y13f6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1699 ff1 fs1 fc1 sc0 ls0 ws0\">Il  valor<span class=\"_ _3\"></span>e  dei <span class=\"_ _f\"> </span>crediti  comm<span class=\"_ _3\"></span>erciali  r<span class=\"_ _3\"></span>appresentati  i<span class=\"_ _3\"></span>n <span class=\"_ _f\"> </span>bilancio  al  31  dicembre <span class=\"_ _f\"> </span>2024  <span class=\"ff5\">costituisce <span class=\"_ _f\"> </span>l\u2019esposizione <span class=\"_ _f\"> </span>teorica </span></div><div class=\"t m0 x1b h3 y1e41 ff1 fs1 fc1 sc0 ls0 ws0\">massima al rischio di c<span class=\"_ _3\"></span>redito per il Gruppo. La movimentazione del correlato fond<span class=\"_ _3\"></span>o svalutazione \u00e8 la seguente:<span class=\"_ _75\"> </span></div><div class=\"t m0 x1b h3 y155d ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>357<span class=\"ls0\"> </span>CONSISTENZA INIZIALEACCANTONAMEN<span class=\"_ _3\"></span>TIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOUTILIZZI E ALT<span class=\"_ _3\"></span>RI MOVIMENTICONSISTENZA FINALEEsercizio 2023 552,0 158,0 1,7 (85,0) 626,7 Esercizio 2024 626,7 122,9 \u2010<span class=\"ff4\"> </span>(39,5) 710,1 L\u2019appostamento del fondo viene effettuato sulla b<span class=\"_ _5\"></span>ase di valutazioni analitiche in <span class=\"_ _5\"></span>relazione a specifici crediti, integrate da <span class=\"_ _7\"></span>valutazioni <span class=\"_ _7\"></span>basate <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>analisi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rospettiche <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>guardanti <span class=\"_ _5\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>clientela <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>mas<span class=\"_ _3\"></span>sa <span class=\"_ _6\"></span>(in <span class=\"_ _5\"></span>relazione <span class=\"_ _7\"></span>all\u2019anzianit\u00e0 del <span class=\"_ _5\"></span>credito, a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>tipo di <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>recupero <span class=\"_ _5\"></span>intraprese e <span class=\"_ _5\"></span>allo <span class=\"_ _5\"></span>status del <span class=\"_ _5\"></span>debitore), <span class=\"_ _6\"></span><span class=\"ff5\">come descritto <span class=\"_ _5\"></span>nella s<span class=\"_ _5\"></span>ezione \u201cGestione </span>dei <span class=\"_ _4\"> </span>rischi\u201d <span class=\"_ _4\"> </span><span class=\"ff1\">del <span class=\"_ _4\"> </span>paragrafo <span class=\"_ _4\"> </span>2.02.01 <span class=\"_ _10\"> </span></span>\u201cIntroduzione\u201d.  La <span class=\"_ _4\"> </span>variazione <span class=\"_ _4\"> </span>rispetto  a<span class=\"_ _5\"></span>ll\u2019esercizio  precedente  \u00e8 <span class=\"_ _10\"> </span>riconduci<span class=\"_ _3\"></span>bile<span class=\"_ _5\"></span><span class=\"ff1\"> </span>principalmente <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>minori <span class=\"_ _5\"></span>accantonamenti s<span class=\"_ _5\"></span>ui <span class=\"_ _5\"></span>mercati <span class=\"_ _5\"></span>tradizionali <span class=\"_ _5\"></span>energy, <span class=\"_ _6\"></span>sia <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>effetto <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>minori <span class=\"_ _5\"></span>volumi <span class=\"_ _7\"></span>venduti <span class=\"_ _7\"></span>sul mercato <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>gas <span class=\"_ _d\"> </span>sia <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _e\"> </span>contrazione <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>prezzi <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>riferimento <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _d\"> </span>commodity, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>agli  accant<span class=\"_ _3\"></span>onamenti appostati <span class=\"_ _6\"></span>nello <span class=\"_ _6\"></span>scorso <span class=\"_ _6\"></span>es<span class=\"_ _3\"></span>ercizio <span class=\"_ _e\"></span>particolarmente <span class=\"_ _6\"></span>rile<span class=\"_ _3\"></span>vanti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>ambientali, <span class=\"_ _6\"></span>non presenti <span class=\"_ _5\"></span>nell\u2019esercizio <span class=\"_ _5\"></span>corrente<span class=\"ff1\">. <span class=\"_ _7\"></span></span>Tali <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>parzialmente <span class=\"_ _5\"></span>compensati <span class=\"_ _5\"></span>dall\u2019incremento <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>accantonamenti per <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _e\"></span>energy <span class=\"_ _e\"> </span>ac<span class=\"_ _5\"></span>quisiti<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>nei <span class=\"_ _e\"></span>territori <span class=\"_ _e\"> </span>precedentemente <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>presidiati, <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>evidenziano <span class=\"_ _e\"> </span>profili <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>affidabilit\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>di regolarit\u00e0 dei pagam<span class=\"_ _3\"></span>enti inferiori a quelli <span class=\"_ _3\"></span>della clientela storic<span class=\"_ _3\"></span>a del Gruppo. <span class=\"_ _5\"></span> I <span class=\"_ _6\"></span><span class=\"ls0\">minori <span class=\"_ _6\"></span>utiliz<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>movim<span class=\"_ _3\"></span>enti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>perio<span class=\"_ _3\"></span>do <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>princi<span class=\"_ _3\"></span>palmente <span class=\"_ _6\"></span>imputabil<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>riduzi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>volu<span class=\"_ _5\"></span>mi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cessioni <span class=\"_ _7\"></span>di </span>crediti <span class=\"_ _6\"></span>non-<span class=\"ff5\">performing <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>ffettuate <span class=\"_ _7\"></span>ne<span class=\"_ _5\"></span>ll\u2019esercizio</span> <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dic<span class=\"_ _3\"></span>embre <span class=\"_ _6\"></span>2023. <span class=\"_ _6\"></span>Tale <span class=\"_ _6\"></span>tipologia <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>cessioni <span class=\"_ _6\"></span>comporta <span class=\"_ _6\"></span>la completa derecognitio<span class=\"_ _3\"></span>n del valore degli ste<span class=\"_ _3\"></span>ssi mediante utilizzo del <span class=\"_ _3\"></span>fondo stanziato.<span class=\"_ _5\"></span> Si dettagliano nella t<span class=\"_ _5\"></span>abella sottostante i <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>per fatture e<span class=\"_ _5\"></span>messe relativi a <span class=\"_ _5\"></span>tutti i <span class=\"_ _5\"></span>cluster di clientela,<span class=\"_ _5\"></span> d<span class=\"_ _5\"></span>istinti per fasce di scaduto: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>INC.% 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>INC.% VAR. A scadere 592,6 28% 1.227,4 40% (634,8) Scaduto 0-30 gg 173,8 8%<span class=\"ls0\"> </span>429,3 14% (255,5) Scaduto 31-180 gg<span class=\"_ _3\"></span> 183,7 9%<span class=\"ls0\"> </span>398,1 13% (214,4) Scaduto 181-360 g<span class=\"_ _3\"></span>g 199,8 9%<span class=\"ls0\"> </span>230,4 8%<span class=\"ls0\"> </span>(30,6) Scaduto oltre 360 <span class=\"_ _3\"></span>gg 984,0 46% 781,3 25% 202,7 Totale 2.133,9 3.066,5 (932,6) 34<span class=\"ls55\">  <span class=\"ls0\">Debiti commercial<span class=\"_ _3\"></span>i </span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Debiti verso fornitori<span class=\"_ _3\"></span> 673,0 917,3 (244,3) Debiti verso fornitori <span class=\"_ _3\"></span>per fatture da rice<span class=\"_ _3\"></span>vere 2.050,9 1.702,0 348,9 Totale 2.723,9 2.619,3 104,6 La variazione dei de<span class=\"_ _3\"></span>biti commerciali rispetto <span class=\"_ _3\"></span>all\u2019esercizio preced<span class=\"_ _3\"></span>ente <span class=\"_ _5\"></span><span class=\"ff1\">deriva principalmente dai seguenti effett<span class=\"_ _3\"></span>i: </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">aumento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span><span class=\"ff5\">in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>operazi<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>intermediazione <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ui <span class=\"_ _6\"></span>mercati <span class=\"_ _6\"></span>all\u2019i<span class=\"_ _3\"></span>ngros<span class=\"_ _7\"></span><span class=\"ff1\">so <span class=\"_ _6\"></span>energy <span class=\"_ _6\"></span>realizzate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> </span></span></span></span>fine <span class=\"_ _6\"></span>esercizio, <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>prevedono <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>reg<span class=\"_ _3\"></span>olazione <span class=\"_ _6\"></span>finanziaria <span class=\"_ _7\"></span>nei <span class=\"_ _6\"></span>primi <span class=\"_ _6\"></span>mesi <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>2025<span class=\"_ _7\"></span><span class=\"ls16\">, <span class=\"_ _6\"></span></span>per <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>quali <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>evidenzia <span class=\"_ _6\"></span>un andamento similare all<span class=\"_ _3\"></span>a voce \u201cCrediti comm<span class=\"_ _3\"></span>erciali\u201d<span class=\"_ _5\"></span><span class=\"ff1\">; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">iscrizione degli <span class=\"_ _5\"></span>importi <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>settlement <span class=\"_ _5\"></span>gas, per <span class=\"_ _5\"></span>154,1 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di euro, <span class=\"_ _5\"></span>classificati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2023 <span class=\"_ _5\"></span>nella </span></span>voce \u201cPassivit\u00e0 finanzi<span class=\"_ _3\"></span>arie\u201d, come meglio preci<span class=\"_ _3\"></span>sato nel paragrafo 2.02.0<span class=\"_ _3\"></span>1 \u201cIntroduzione\u201d<span class=\"_ _5\"></span><span class=\"ff1\">; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">diminuzione <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>volumi <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>riqua<span class=\"_ _3\"></span>lificazione <span class=\"_ _7\"></span>energetica <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>edifici <span class=\"_ _7\"></span>svolta <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cl<span class=\"_ _5\"></span>ienti <span class=\"_ _7\"></span>finali, <span class=\"_ _7\"></span>in </span></span>particolare <span class=\"_ _6\"></span>condom<span class=\"_ _3\"></span>ini, <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>compor<span class=\"_ _3\"></span>tato <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>orrispon<span class=\"_ _3\"></span>dente <span class=\"_ _6\"></span>decremento <span class=\"_ _7\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>debiti <span class=\"_ _7\"></span>nei <span class=\"_ _6\"></span>confronti <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 fornitrici e dei prof<span class=\"_ _3\"></span>essionisti che realizza<span class=\"_ _3\"></span>no le opere<span class=\"_ _5\"></span>. Come <span class=\"_ _e\"> </span>esposto <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>paragrafo <span class=\"_ _e\"> </span>2.02.01 <span class=\"_ _e\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>cor<span class=\"_ _5\"></span>so <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>presente <span class=\"_ _d\"> </span>esercizio, <span class=\"_ _6\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>introdotte <span class=\"_ _6\"> </span>nuove righe <span class=\"_ _4\"> </span>negli <span class=\"_ _4\"> </span>schemi <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span>  bilancio <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>di  conseguenza  sono<span class=\"_ _5\"></span>  state <span class=\"_ _4\"> </span>effettuate <span class=\"_ _4\"> </span>alcune <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>iesposizio<span class=\"_ _3\"></span>ni <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>quanto pubblicato <span class=\"_ _f\"> </span>al  31 <span class=\"_ _f\"> </span>dicembre  202<span class=\"_ _3\"></span>3.  In <span class=\"_ _f\"> </span>particolare, <span class=\"_ _f\"> </span>si  segnala <span class=\"_ _f\"> </span>che  nell\u2019<span class=\"_ _3\"></span>esercizio  p<span class=\"_ _3\"></span>recedente  i <span class=\"_ _f\"> </span>\u201cDebiti <span class=\"_ _f\"> </span>co<span class=\"_ _5\"></span>mmerciali<span class=\"_ _3\"></span>\u201d accoglievano <span class=\"_ _6\"></span>acconti <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>beni <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>servizi <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>17,9 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _e\"></span>che <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _6\"></span>stati <span class=\"_ _e\"></span>esposti <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _e\"></span>2024, <span class=\"_ _6\"></span>per entrambi i periodi <span class=\"_ _3\"></span>di confronto, nella voce di <span class=\"_ _3\"></span>nuova introduzione \u201c<span class=\"_ _3\"></span>Passivit\u00e0 correnti deriva<span class=\"_ _3\"></span>nti da contratti con i cli<span class=\"_ _3\"></span>enti\u201d<span class=\"_ _6\"></span><span class=\"ff1\">.</span><span class=\"ff1\"> </span>358<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>35  Attivit\u00e0 corr<span class=\"_ _3\"></span>enti derivanti da contra<span class=\"_ _3\"></span>tti con i clienti<span class=\"_ _3\"></span> 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Servizi energia e riqu<span class=\"_ _3\"></span>alificazione en<span class=\"_ _3\"></span>ergetica edifici 179,6 364,1 (184,5) Illuminazione pubblic<span class=\"_ _3\"></span>a 40,0 21,1 18,9 Trattamento e smaltim<span class=\"_ _3\"></span>ento 22,2 23,7 (1,5) Servizi idrici 21,6 22,5 (0,9) Altri minori 0,5 1,7 (1,2) Totale 263,9 433,1 (169,2) Le <span class=\"ls0\">a<span class=\"_ _5\"></span>ttivit\u00e0 derivanti <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>clienti<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>commesse <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>durata pluriennale <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>lavori <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>impiantistic<span class=\"_ _5\"></span>a. <span class=\"_ _5\"></span>La </span>variazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>relativa <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrazione <span class=\"_ _5\"></span>del<span class=\"_ _6\"></span><span class=\"ff1\">l<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>riqualificazione </span>energetica degli <span class=\"_ _5\"></span>edifici, in p<span class=\"_ _5\"></span>articolare condomini<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _5\"></span></span>per <span class=\"_ _5\"></span>effetto delle <span class=\"_ _5\"></span>modifich<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>normative che <span class=\"_ _5\"></span>hanno di <span class=\"_ _5\"></span>fatto eliminato <span class=\"_ _5\"></span>la possibilit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>effettuare <span class=\"_ _7\"></span>lo <span class=\"_ _7\"></span>sconto <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>fattura <span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>clienti. <span class=\"_ _7\"></span>Si <span class=\"_ _5\"></span>evidenzia, <span class=\"_ _7\"></span>invece, <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>n <span class=\"_ _7\"></span>incremento <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>lavori <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>al<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>settore dell\u2019illuminazione pu<span class=\"_ _3\"></span>bblica<span class=\"ff1\">, riconducibile a commesse contrattualizzate nel <span class=\"_ _3\"></span>corso del<span class=\"ff5\">l\u2019esercizio</span> 2024. </span>Come <span class=\"_ _e\"> </span>esposto <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>paragrafo <span class=\"_ _e\"> </span>2.02.01 <span class=\"_ _e\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>cor<span class=\"_ _5\"></span>so <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>presente <span class=\"_ _d\"> </span>esercizio, <span class=\"_ _6\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>introdotte <span class=\"_ _6\"> </span>nuove righe <span class=\"_ _4\"> </span>negli <span class=\"_ _4\"> </span>schemi <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span>  bilancio <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>di  conseguenza  sono<span class=\"_ _5\"></span>  state <span class=\"_ _4\"> </span>effettuate <span class=\"_ _4\"> </span>alcune <span class=\"_ _8\"> </span>riesposizioni <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>qu<span class=\"_ _3\"></span>anto pubblicato <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>2023. <span class=\"_ _f\"> </span>In <span class=\"_ _f\"> </span>particolare, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>segnala <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>nell\u2019esercizio <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>erivanti <span class=\"_ _d\"> </span>da commesse di durata pl<span class=\"_ _3\"></span>uriennale erano esposte<span class=\"_ _3\"></span> nella voce \u201cRimanenze\u201d<span class=\"_ _3\"></span> per 433,1 miloni di euro<span class=\"_ _5\"></span><span class=\"ff1\">. </span>36<span class=\"ls55\">  </span>Passivit\u00e0 co<span class=\"_ _3\"></span>rrenti derivanti <span class=\"_ _3\"></span>da contratti co<span class=\"_ _3\"></span>n i clienti \u201cAcconti  per  lavori\u201d,  accoglie <span class=\"_ _4\"> </span><span class=\"ff1\">pr<span class=\"_ _5\"></span>incipalm<span class=\"_ _3\"></span>ente <span class=\"_ _4\"> </span>gli  acconti <span class=\"_ _4\"> </span>ricevuti  da  Comuni  e  c<span class=\"_ _5\"></span>ondomini  per  lavori  in  fase <span class=\"_ _4\"> </span>di </span>realizzazione <span class=\"_ _5\"></span>relativi <span class=\"_ _7\"></span>rispettivamente <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>opere <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ubblica <span class=\"_ _5\"></span>illuminazione <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>riqualificazioni <span class=\"_ _5\"></span>energetiche <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>edifici, <span class=\"_ _7\"></span>che saranno co<span class=\"_ _5\"></span>mplet<span class=\"_ _3\"></span>ati <span class=\"_ _5\"></span>negli esercizi <span class=\"_ _5\"></span>successivi. <span class=\"_ _5\"></span>Il s<span class=\"_ _5\"></span>ignificativo decremento riflette <span class=\"_ _5\"></span>da una <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>la diminuzione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori<span class=\"_ _3\"></span> di <span class=\"_ _5\"></span>efficientamento energetico realizzati <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Gruppo<span class=\"_ _5\"></span> <span class=\"ff5\">e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>dall\u2019altra la c<span class=\"_ _5\"></span>onclusione d<span class=\"_ _5\"></span></span>ella <span class=\"_ _5\"></span>maggior parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori in<span class=\"_ _5\"></span> essere al 31 dicembre 2023. \u201cRisconti passivi\u201d, rap<span class=\"_ _3\"></span>presentano quote di <span class=\"_ _3\"></span>ricavi di competenza <span class=\"_ _3\"></span>degli esercizi successivi.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Come <span class=\"_ _e\"> </span>esposto <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>paragrafo <span class=\"_ _e\"> </span>2.02.01 <span class=\"_ _e\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>cor<span class=\"_ _5\"></span>so <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>presente <span class=\"_ _d\"> </span>esercizio, <span class=\"_ _6\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>introdotte <span class=\"_ _6\"> </span>nuove righe <span class=\"_ _4\"> </span>negli <span class=\"_ _4\"> </span>schemi <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span>  bilancio <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>di  conseguenza  sono<span class=\"_ _5\"></span>  state <span class=\"_ _4\"> </span>effettuate <span class=\"_ _4\"> </span>alcune <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>iesposizio<span class=\"_ _3\"></span>ni <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>quanto pubblicato al 31 di<span class=\"_ _3\"></span>cembre 2023. In particol<span class=\"_ _3\"></span>are, si segnala che ne<span class=\"_ _3\"></span>ll\u2019esercizio precedente:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">gli acconti p<span class=\"_ _5\"></span>er lavori e <span class=\"_ _5\"></span>i risconti p<span class=\"_ _5\"></span>assivi erano esposti rispettivamente per <span class=\"_ _5\"></span>365,1 milioni di <span class=\"_ _5\"></span>euro e <span class=\"_ _5\"></span>per 14,4 <span class=\"_ _5\"></span>milioni </span></span>di euro all\u2019interno del<span class=\"_ _3\"></span> rigo del prospetto di stato patrim<span class=\"_ _3\"></span>oniale \u201cAltre passivit\u00e0 co<span class=\"_ _3\"></span>rrenti\u201d;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">gli altri acconti era<span class=\"_ _3\"></span>no esposti nella voce \u201cD<span class=\"_ _3\"></span>ebiti commerciali\u201d per 17<span class=\"_ _3\"></span>,9 miloni di euro.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Acconti per lavori in c<span class=\"_ _3\"></span>orso 184,0 365,1 (181,1) Risconti passivi 14,0 14,4 (0,4) Altri acconti 5,2 17,9 (12,7) Totale 203,2 397,4 (194,2)<span class=\"_ _75\"> </span> // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>359<span class=\"ls0\"> </span>37  <span class=\"ls0\">Altre attivit<span class=\"_ _3\"></span>\u00e0 correnti </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Crediti d'imposta, <span class=\"_ _3\"></span>agevolazioni fiscali <span class=\"_ _3\"></span>e altri crediti tributari 741,6 100,6 641,0 Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali<span class=\"_ _3\"></span> per perequazione <span class=\"_ _3\"></span>e proventi di continuit\u00e0 82,0 85,3 (3,3) Iva, accise e addizi<span class=\"_ _3\"></span>onali 48,4 75,7 (27,3) Anticipi a fornitori<span class=\"_ _3\"></span> 48,0 35,7 12,3 Costi anticipati 42,0 34,7 7,3 Attivit\u00e0 per titoli di eff<span class=\"_ _3\"></span>icienza energetica e<span class=\"_ _3\"></span>d emission tradin<span class=\"_ _3\"></span>g 41,2 64,3 (23,1) Depositi cauzionali 39,6 39,8 (0,2) Altri crediti 61,7 73,2 (11,5) Totale 1.104,5 509,3 595,2 \u201cCrediti d\u2019imposta<span class=\"ff1\">, agevolazioni <span class=\"_ _3\"></span>fiscali e altri crediti tributari<span class=\"ff5\">\u201d, accolgono prin<span class=\"_ _3\"></span>cipalmente:<span class=\"ff1\"> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">crediti  derivanti  dall\u2019applicazione  dello  sconto  in  fattura  ai  c<span class=\"_ _5\"></span>lienti  finali,  valutati  al  costo  ammortizzato,  in </span></span>relazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _7\"></span>agevolati <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>effi<span class=\"_ _3\"></span>cientamento <span class=\"_ _6\"></span>en<span class=\"_ _3\"></span>ergetico <span class=\"_ _6\"></span>reali<span class=\"_ _3\"></span>zzati <span class=\"_ _6\"></span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>condomini <span class=\"_ _6\"></span>per <span class=\"_ _d\"> </span>731,1 milioni  di <span class=\"_ _f\"> </span>euro  (88,3  mi<span class=\"_ _3\"></span>lioni  di<span class=\"_ _3\"></span>  euro <span class=\"_ _f\"> </span>al  31  dicemb<span class=\"_ _3\"></span>re  2023). <span class=\"_ _f\"> </span>Il  significativo  i<span class=\"_ _3\"></span>ncremento <span class=\"_ _f\"> </span>rispetto  all\u2019esercizio precedente <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _f\"> </span>riconducibile<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>scelta <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>conservare <span class=\"_ _f\"> </span>tali <span class=\"_ _e\"> </span>crediti <span class=\"_ _d\"> </span>sui <span class=\"_ _d\"> </span>cassetti <span class=\"_ _d\"> </span>fiscali <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _f\"> </span>e <span class=\"_ _d\"> </span>utilizzarli <span class=\"_ _d\"> </span>in compensazione, me<span class=\"_ _3\"></span>ntre nel corso del 202<span class=\"_ _3\"></span>3 si \u00e8 proceduto in via<span class=\"_ _3\"></span> prevalente a cessioni al <span class=\"_ _3\"></span>sistema bancario;<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">crediti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>investimenti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>stru<span class=\"_ _5\"></span>mentali, <span class=\"_ _7\"></span>inclusa <span class=\"_ _5\"></span>Industria <span class=\"_ _5\"></span>4.0, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>complessivi <span class=\"_ _7\"></span>7,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>(9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di </span></span>euro  a<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>31 <span class=\"_ _4\"> </span>dicembre <span class=\"_ _4\"> </span>2023), <span class=\"_ _10\"> </span>che  saranno  u<span class=\"_ _5\"></span>tilizzati  in <span class=\"_ _10\"> </span>compensaz<span class=\"_ _3\"></span>ione <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>imp<span class=\"_ _3\"></span>oste <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>contrib<span class=\"_ _3\"></span>uti <span class=\"_ _4\"> </span>nei <span class=\"_ _4\"> </span>per<span class=\"_ _5\"></span>iodi successivi sulla bas<span class=\"_ _3\"></span>e dei limiti annuali previs<span class=\"_ _3\"></span>ti.  \u201cCassa <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>energetici <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>ambientali <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>perequazione <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>continuit\u00e0\u201d <span class=\"_ _5\"></span>sono <span class=\"_ _6\"></span>costituiti <span class=\"_ _7\"></span>da<span class=\"_ _6\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>di </span>continuit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span><span class=\"lse\">23</span>,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(<span class=\"ls10\">30<span class=\"ls16\">,3</span></span> <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023<span class=\"lsd\">) <span class=\"_ _5\"></span></span>e <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>perequazione <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>5<span class=\"ls10\">8,</span>3 milioni di euro (<span class=\"lse\">55</span> milioni di euro al 31 <span class=\"_ _3\"></span>dicembre 2023). Si <span class=\"_ _4\"> </span>segnala <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>he <span class=\"_ _4\"> </span>i <span class=\"_ _10\"> </span>proventi  di <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>ontinuit\u00e0 <span class=\"_ _4\"> </span>diminuiscono <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span><span class=\"lse\">6,</span>6 <span class=\"_ _10\"> </span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>euro <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>precedente<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>esercizio<span class=\"_ _3\"></span> principalmente <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>seguito <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>decremento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>rediti <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>oneri <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>sistema <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>bonus <span class=\"_ _6\"></span>sociali <span class=\"_ _6\"></span>gas<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>lettrico<span class=\"_ _7\"></span>, <span class=\"_ _6\"></span><span class=\"ls12\">che </span>hanno e<span class=\"_ _5\"></span>videnziato un <span class=\"_ _5\"></span>significativo <span class=\"_ _5\"></span>increment<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>negli esercizi <span class=\"_ _5\"></span>precedenti, <span class=\"_ _5\"></span>in parte <span class=\"_ _5\"></span>gi\u00e0 <span class=\"_ _5\"></span>riassorbito al <span class=\"_ _5\"></span>31 d<span class=\"_ _5\"></span>icembre 2023, per effetto <span class=\"lse\">de</span>lle agevolazioni agli u<span class=\"_ _3\"></span>tenti introdotte dal Governo <span class=\"ff5\">per far fronte <span class=\"_ _3\"></span>al \u201ccaro bollette\u201d<span class=\"ff1\">. </span></span>\u201cIva, <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>addizionali\u201d, <span class=\"_ _7\"></span><span class=\"ff1\">sono <span class=\"_ _5\"></span>costituiti <span class=\"_ _7\"></span></span>dai <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>verso <span class=\"_ _7\"></span>l\u2019erario p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>im<span class=\"_ _5\"></span><span class=\"ff1\">posta <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>lore <span class=\"_ _5\"></span>aggiunto <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>10,4 <span class=\"_ _5\"></span>mil<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>di </span>euro <span class=\"_ _5\"></span>(10,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>addizionali <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span><span class=\"lse\">38<span class=\"_ _5\"></span></span> <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>(65,1 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro al <span class=\"_ _7\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _7\"></span>dicembre <span class=\"_ _6\"></span>2023). <span class=\"_ _6\"></span>P<span class=\"_ _3\"></span>er <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uanto <span class=\"_ _6\"></span>rigua<span class=\"_ _3\"></span>rda <span class=\"_ _7\"></span>acc<span class=\"_ _5\"></span>ise <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>addizion<span class=\"_ _3\"></span>ali, <span class=\"_ _7\"></span>occorre <span class=\"_ _6\"></span>tener <span class=\"_ _7\"></span>presente <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>modalit\u00e0 <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>re<span class=\"_ _5\"></span>golano <span class=\"_ _7\"></span>i rapporti  finanziari  con  l<span class=\"_ _5\"></span>\u2019erario:<span class=\"_ _3\"></span>  gli <span class=\"_ _4\"> </span>acconti  corrisposti  nel <span class=\"_ _4\"> </span>corso  dell\u2019anno,  infatti,  sono <span class=\"_ _4\"> </span>calcolati  sulla  base <span class=\"_ _4\"> </span>dei quantitativi <span class=\"_ _6\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>gas <span class=\"_ _6\"></span>ed <span class=\"_ _e\"> </span>energia <span class=\"_ _e\"> </span>elettrica <span class=\"_ _6\"> </span>fatturati <span class=\"_ _e\"> </span>nell\u2019esercizio <span class=\"_ _6\"> </span>precedente,<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _e\"></span>mentre <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>debi<span class=\"_ _5\"></span>to <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>ffettivo <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>genera <span class=\"_ _6\"></span>sull<span class=\"_ _5\"></span>a </span>base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>volumi <span class=\"_ _7\"></span>venduti <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>periodo.<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>Attraverso <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>ueste <span class=\"_ _6\"></span>modali<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _6\"></span>possono <span class=\"_ _7\"></span>generarsi <span class=\"_ _6\"></span>posizioni <span class=\"_ _7\"></span>creditorie <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>debitorie con differenze anche sig<span class=\"_ _3\"></span>nificative tra un pe<span class=\"_ _3\"></span>riodo e l\u2019altro.<span class=\"_ _5\"></span><span class=\"ff1\">  </span>La <span class=\"_ _6\"></span>riduzione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>accise <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>addizionali <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _6\"></span>determinata <span class=\"_ _6\"></span>dalla <span class=\"_ _6\"></span>modalit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>pagamento <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>normativa vigente che <span class=\"_ _5\"></span>prevede il versamento <span class=\"ff5\">in <span class=\"_ _5\"></span>acconto per le accise e add<span class=\"_ _5\"></span>izionali gas, sulla base dei volumi <span class=\"_ _5\"></span>fatturati nell\u2019anno<span class=\"_ _3\"></span> </span>precedente<span class=\"ff5\">. <span class=\"_ _7\"></span>In <span class=\"_ _7\"></span>particolare, <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>volumi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019anno <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>risultati <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>leggera <span class=\"_ _7\"></span>contrazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _7\"></span>all\u2019esercizio </span>precedente,  determinando  quindi  un  credito  per  accise  contenuto  al  31  d<span class=\"_ _5\"></span>icembre  2024;  al  contrario<span class=\"_ _7\"></span>  i  volumi dell\u2019elettrico <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>risultati <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>aumento <span class=\"_ _d\"> </span>determinando <span class=\"_ _e\"> </span>quindi <span class=\"_ _e\"> </span>u<span class=\"_ _5\"></span>n <span class=\"_ _e\"> </span>sa<span class=\"_ _5\"></span>ldo <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>debito, <span class=\"_ _d\"> </span>come <span class=\"_ _e\"> </span>riportato <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _e\"> </span>nota <span class=\"_ _d\"> </span>38 <span class=\"_ _d\"> </span>\u201cAltre passivit\u00e0 correnti\u201d.<span class=\"ff1\"> </span>\u201cAnticipi <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>fornitori\u201d<span class=\"ff1 ls1e\">, <span class=\"_ _d\"> </span><span class=\"ls0\">la <span class=\"_ _d\"> </span>variazione <span class=\"_ _d\"> </span></span></span>dell\u2019anno <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>riconducibile <span class=\"_ _e\"> </span>principalmente <span class=\"_ _f\"> </span>all\u2019avvio <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>nuovi <span class=\"_ _e\"> </span>contratti <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tipulati <span class=\"_ _e\"> </span>con fornitori <span class=\"_ _7\"></span>aventi <span class=\"_ _7\"></span>diritto <span class=\"_ _6\"></span>ad <span class=\"_ _7\"></span><span class=\"ff5\">anticipazioni <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ul <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>dell\u2019appalto</span>,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>ottemperanza <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>riferime<span class=\"_ _3\"></span>nto<span class=\"_ _5\"></span>. <span class=\"_ _7\"></span>La <span class=\"_ _6\"></span>voc<span class=\"_ _3\"></span>e accoglie, in via residuale, anche<span class=\"_ _3\"></span> gli acconti ad agenti p<span class=\"_ _3\"></span>er provvigioni. \u201c<span class=\"ff1\">Attivit\u00e0 per t</span>itoli di effici<span class=\"_ _3\"></span>enza energetica ed emis<span class=\"_ _3\"></span>sion trading\u201d compren<span class=\"_ _3\"></span>d<span class=\"_ _5\"></span><span class=\"ff1\">ono le seguenti fattispecie: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Certificati bianchi<span class=\"_ _3\"></span> 27,9 51,5 (23,6) Certificati grigi 13,3 7,6 5,7 Certificati verdi \u2010<span class=\"ff4\"> </span>5,1 (5,1) Totale 41,2 64,3 (23,1) 360<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Il portafoglio re<span class=\"_ _5\"></span>lativo ai certificati bianchi acco<span class=\"_ _5\"></span>glie <span class=\"_ _5\"></span>in v<span class=\"_ _5\"></span>ia prevalente la <span class=\"_ _5\"></span>valorizzazione dei titoli c<span class=\"_ _5\"></span>alcolati sulla base </span></span>degli <span class=\"_ _6\"></span>obiettivi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>efficienza <span class=\"_ _7\"></span>energetica <span class=\"_ _6\"></span>stabiliti <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>Gse <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>distri<span class=\"_ _3\"></span>butrici <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>energia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> netto delle cessioni <span class=\"_ _5\"></span>intervenute nel periodo, p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>26,4 <span class=\"_ _5\"></span>milioni di euro <span class=\"_ _5\"></span>(49,7 <span class=\"_ _5\"></span>milioni di euro <span class=\"_ _5\"></span>al 31 d<span class=\"_ _5\"></span>icembre 2023) <span class=\"_ _5\"></span><span class=\"lse\">e </span>in <span class=\"_ _5\"></span>via <span class=\"_ _7\"></span>residuale <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>titoli <span class=\"_ _5\"></span>originati <span class=\"_ _5\"></span>dagli <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>efficientamento <span class=\"_ _5\"></span>energetico<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>realizzati da<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>1,<span class=\"_ _7\"></span>5 <span class=\"_ _7\"></span>milioni<span class=\"_ _3\"></span> di <span class=\"_ _7\"></span>euro <span class=\"_ _6\"></span>(<span class=\"ls10\">1,</span>8 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2023<span class=\"_ _5\"></span>). <span class=\"_ _7\"></span>Il <span class=\"_ _6\"></span>decremento, <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>sos<span class=\"_ _5\"></span>tanziale <span class=\"_ _7\"></span>parit\u00e0 <span class=\"_ _6\"></span>sia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valorizzazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> contributo <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _e\"> </span>precedente<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span></span>sia <span class=\"_ _d\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>o<span class=\"_ _5\"></span>biettivi <span class=\"_ _e\"> </span>assegnati <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>l\u2019anno <span class=\"_ _f\"> </span>d\u2019obblig<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>2024<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _d\"> </span>\u00e8 </span>dovuto alle operazio<span class=\"_ _3\"></span>ni di ottimizzazione <span class=\"_ _3\"></span>del capitale circolante <span class=\"_ _3\"></span>netto realizzatesi nel <span class=\"_ _5\"></span>periodo; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Il portafoglio dei c<span class=\"_ _5\"></span>ertificati grigi accoglie la v<span class=\"_ _5\"></span>alorizzazione sia dei titoli <span class=\"_ _5\"></span>in possesso del Gruppo per <span class=\"_ _6\"></span>13,1 <span class=\"_ _5\"></span>milioni di </span></span>euro <span class=\"_ _7\"></span>(6<span class=\"_ _5\"></span>,3 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _5\"></span>3<span class=\"ff5\">) <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ia <span class=\"_ _7\"></span>dell\u2019esposizione<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>compra<span class=\"_ _3\"></span>vendita <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>termine <span class=\"_ _7\"></span>di </span>quote <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>emissione d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>serra <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>0,2 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>(1,3 <span class=\"_ _7\"></span>milioni a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3). <span class=\"_ _5\"></span>La <span class=\"_ _7\"></span>variazione <span class=\"_ _5\"></span>rispetto all\u2019esercizio <span class=\"_ _e\"> </span>precedente <span class=\"_ _d\"> </span>risente <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>maggiori <span class=\"_ _d\"> </span>titoli <span class=\"_ _e\"> </span>detenuti <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fine <span class=\"_ _e\"> </span>periodo <span class=\"_ _f\"> </span>mentre <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rezzo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alorizzazio<span class=\"_ _3\"></span>ne risulta diminuito; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Il <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _d\"> </span>relativo <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>certificati <span class=\"_ _e\"> </span>verdi <span class=\"_ _d\"> </span>accoglie<span class=\"_ _5\"></span><span class=\"ls12\">va</span> <span class=\"_ _d\"> </span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"> </span>2023 <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>titoli <span class=\"_ _d\"> </span>iscritti <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ompetenza <span class=\"_ _e\"></span>prima </span></span>dell\u2019esercizio <span class=\"_ _7\"></span>2016 <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>relazione <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>produzione <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>energia <span class=\"_ _6\"></span>elettrica <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>termoval<span class=\"_ _3\"></span>orizzatore <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Ferrara. <span class=\"_ _6\"></span>Tali <span class=\"_ _7\"></span>titoli sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>contenzioso <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gse <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>merito <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>metodologia <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>calcolo <span class=\"_ _e\"></span>degli <span class=\"_ _e\"></span>autoconsumi <span class=\"_ _6\"></span>dei servizi <span class=\"_ _7\"></span>ausiliari<span class=\"ff5\">. <span class=\"_ _7\"></span>Nel <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024, <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>seguito <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>sentenza <span class=\"_ _7\"></span>sfavorevole <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Co<span class=\"_ _3\"></span>nsiglio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Stato<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>\u00e8 provveduto alla chiu<span class=\"_ _3\"></span>sura del credito con il <span class=\"_ _3\"></span>conseguente utilizzo d<span class=\"_ _3\"></span>el fondo precedentemente <span class=\"_ _3\"></span>stanziato.<span class=\"_ _5\"></span> \u201cCosti anticipati\u201d,<span class=\"ff1\"> comprendon<span class=\"_ _3\"></span>o principalmente le quote di <span class=\"_ _3\"></span>competenza futura relativamente a: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Servizi e lavorazio<span class=\"_ _3\"></span>ni esterne 16,7 14,5 2,2 Oneri, fideiussio<span class=\"_ _3\"></span>ni e commissioni banc<span class=\"_ _3\"></span>arie 5,2 5,4 (0,2) Canoni passivi e di <span class=\"_ _3\"></span>concessione per s<span class=\"_ _3\"></span>ervizi a rete 3,1 3,0 0,1 Altri minori  17,0 11,8 5,2 Totale 42,0 34,7 7,3 \u201cDepositi <span class=\"_ _e\"> </span>cauzionali\u201d, <span class=\"_ _e\"> </span>accolgono <span class=\"_ _e\"> </span>principalmente <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>depositi <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>ersati <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>garanzia <span class=\"_ _d\"> </span>della <span class=\"_ _e\"> </span>partecipazione <span class=\"_ _e\"> </span>alle <span class=\"_ _e\"> </span>piattaforme estere <span class=\"_ _5\"></span>di n<span class=\"_ _5\"></span>egoziazione dei <span class=\"_ _5\"></span>contratti su <span class=\"_ _7\"></span>commodity e <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>aste <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>mercato elettrico, <span class=\"_ _5\"></span>nonch\u00e9 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>garantire l\u2019operativit\u00e0 sui <span class=\"_ _6\"></span>merc<span class=\"_ _3\"></span>ati <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>l\u2019ingrosso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _6\"></span><span class=\"ff1\">30,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _7\"></span>(29,2 <span class=\"_ _6\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dicembre </span>2023). La voce <span class=\"ff5\">\u201cAltri crediti\u201d \u00e8 d<span class=\"_ _3\"></span>ettagliata di seguito:<span class=\"ff1\"> </span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Contributi straordin<span class=\"_ _3\"></span>ari 13,0 22,6 (9,6) Incentivi da fonti rinno<span class=\"_ _3\"></span>vabili 7,5 0,7 6,8 Crediti verso societ<span class=\"_ _3\"></span>\u00e0 degli asset 6,2 6,2 \u2010<span class=\"ff4\"> </span>Altri minori  35,0 43,7 (8,7) Totale 61,7 73,2 (11,5) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Contributi s<span class=\"_ _5\"></span>traordinari <span class=\"_ _5\"></span>accolgono<span class=\"ls1e\">, <span class=\"_ _5\"></span></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>quanto versato, <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>dovuto, <span class=\"_ _5\"></span><span class=\"lse\">da</span>lla <span class=\"_ _5\"></span>capogruppo <span class=\"_ _5\"></span>Hera </span></span>Spa <span class=\"_ _6\"></span><span class=\"ff5\">nel <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>dell\u2019esercizio <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>relativamente <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>\u201cContributo <span class=\"_ _6\"></span>straordinario <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>xtraprofitti\u201d, <span class=\"_ _6\"></span>intro<span class=\"_ _3\"></span>dotto <span class=\"_ _6\"></span>per <span class=\"_ _6\"> </span>l\u2019anno </span>2022 <span class=\"_ _e\"> </span>dall\u2019art. <span class=\"_ _e\"> </span>37 <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>D.L. <span class=\"_ _e\"> </span>21/2022. <span class=\"_ _e\"> </span>Tali <span class=\"_ _e\"> </span>importi <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>stati <span class=\"_ _d\"> </span>corrisposti <span class=\"_ _e\"> </span>all\u2019Erario <span class=\"_ _e\"> </span>alle <span class=\"_ _e\"> </span>scadenze <span class=\"_ _e\"> </span>stabilite,  <span class=\"ff1\">m<span class=\"_ _3\"></span>a <span class=\"_ _e\"> </span>la </span>successiva <span class=\"_ _7\"></span>Legge <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Bilancio <span class=\"_ _5\"></span>2023, <span class=\"_ _7\"></span>ai<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>commi <span class=\"_ _7\"></span>120 <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>121 <span class=\"_ _7\"></span>dell\u2019art<span class=\"_ _7\"></span><span class=\"ff1\">.1, <span class=\"_ _7\"></span></span>ha <span class=\"_ _6\"></span>modificato <span class=\"_ _7\"></span>l\u2019ambito <span class=\"_ _7\"></span>soggettivo <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>b<span class=\"_ _5\"></span>ase imponibile del <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontributo per <span class=\"_ _5\"></span>l\u2019anno <span class=\"_ _5\"></span>2022 <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>seguito d<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>quale lo <span class=\"_ _5\"></span>stesso <span class=\"_ _5\"></span>non<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>risulta <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>dovuto <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Gruppo, <span class=\"_ _5\"></span>che </span>ha <span class=\"_ _d\"> </span>pertanto <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ichiesto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rimborso <span class=\"_ _f\"> </span>tale <span class=\"_ _e\"> </span>contributo.<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span><span class=\"ff5\">A <span class=\"_ _d\"> </span>seguito <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>diniego <span class=\"_ _d\"> </span>tacito <span class=\"_ _d\"> </span>dell\u2019Ufficio</span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>del <span class=\"_ _d\"> </span>conseguente ricorso <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Hera <span class=\"_ _6\"></span>S<span class=\"_ _3\"></span>pa, <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>entenza <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>marzo <span class=\"_ _7\"></span>2025,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>Corte <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Giustizia <span class=\"_ _7\"></span>Tributaria <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>primo <span class=\"_ _6\"></span>gr<span class=\"_ _3\"></span>ado <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> Bologna <span class=\"_ _e\"> </span>ha <span class=\"_ _e\"> </span>condannato <span class=\"_ _e\"> </span>l\u2019Amministrazione <span class=\"_ _e\"> </span>finanziaria <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>disporre <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>rimborso <span class=\"_ _e\"> </span>inte<span class=\"_ _5\"></span>grale <span class=\"_ _6\"></span>de<span class=\"_ _5\"></span>lle <span class=\"_ _e\"> </span>somme <span class=\"_ _e\"> </span>richieste<span class=\"_ _7\"></span><span class=\"ff1 ls1e\">. </span>L<span class=\"ff5\">\u2019importo versato rima<span class=\"_ _3\"></span>ne<span class=\"ff1\">, pertanto, iscritto tra le altre attivit\u00e0 <span class=\"_ _3\"></span>correnti in attesa d<span class=\"ls10\">el</span> rimborso dell<span class=\"_ _3\"></span>o stesso. </span></span>Per <span class=\"_ _d\"> </span>una <span class=\"_ _d\"> </span>migliore <span class=\"_ _f\"> </span>compren<span class=\"_ _3\"></span>sione <span class=\"_ _d\"> </span><span class=\"ff5\">d<span class=\"_ _5\"></span>ei <span class=\"_ _d\"> </span>movimenti <span class=\"_ _d\"> </span>intercorsi <span class=\"_ _d\"> </span>nell\u2019anno <span class=\"_ _e\"> </span>si<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rimanda <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>quanto <span class=\"_ _f\"> </span></span>illustrato <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>capitolo 2.02.03 \u201cFiscalit\u00e0\u201d<span class=\"ff1\">; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Incentivi <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>fonti <span class=\"_ _7\"></span>rinnovabili, <span class=\"_ _6\"></span>so<span class=\"_ _3\"></span>no <span class=\"_ _6\"></span>rap<span class=\"_ _3\"></span>presentati <span class=\"_ _7\"></span>da<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>crediti <span class=\"_ _6\"></span>verso <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>Gse <span class=\"_ _7\"></span>derivanti <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>meccanismo <span class=\"_ _7\"></span>incentivante </span></span>per la produzione di energia elettrica che ha sostituito dal 2016 il meccani<span class=\"_ _3\"></span>smo dei certificati verdi<span class=\"_ _7\"></span>. Gli incentivi di competenza del <span class=\"_ _5\"></span>periodo sono <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>mento <span class=\"ff5\">rispetto <span class=\"_ _5\"></span>all\u2019esercizio 202</span>3 <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>quanto si<span class=\"_ _5\"></span> \u00e8 <span class=\"_ _5\"></span>assistito a <span class=\"_ _5\"></span>un<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>incremento del prezzo <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>incentivi <span class=\"_ _5\"></span>(Grin), <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>determina <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>maniera <span class=\"_ _5\"></span>inversamente <span class=\"_ _5\"></span>proporzionale <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>prezzo <span class=\"_ _5\"></span>dell\u2019energia (Pun) dell\u2019esercizi<span class=\"_ _3\"></span>o precedente<span class=\"ff1\">;<span class=\"_ _75\"> </span></span><span class=\"ff1\"> </span>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>361<span class=\"ls0\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Crediti <span class=\"_ _7\"></span>verso <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>So<span class=\"_ _3\"></span>ciet\u00e0 <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>asset <span class=\"_ _7\"></span>accolgono <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>crediti <span class=\"_ _7\"></span>verso <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _6\"></span>propr<span class=\"_ _3\"></span>ietarie <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>reti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>beni </span></span>accessori utilizzati d<span class=\"_ _3\"></span>al Gruppo per lo svolg<span class=\"_ _3\"></span>imento dei servizi di p<span class=\"_ _3\"></span>ubblica utilit\u00e0<span class=\"_ _5\"></span>. 38  <span class=\"ls0\">Altre passiv<span class=\"_ _3\"></span>it\u00e0 correnti </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Debiti per anticipi v<span class=\"_ _3\"></span>erso Cassa per i <span class=\"_ _3\"></span>servizi energetici e ambi<span class=\"_ _3\"></span>entali 510,4 422,8 87,6 Contributi in conto im<span class=\"_ _3\"></span>pianti 300,6 262,5 38,1 Depositi cauzionali <span class=\"_ _3\"></span>da clienti 160,0 199,9 (39,9) Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali<span class=\"_ _3\"></span> per componenti e perequazione 137,3 119,0 18,3 Iva, accise e addizi<span class=\"_ _3\"></span>onali 38,4 118,4 (80,0) Personale e ritenut<span class=\"_ _3\"></span>e a dipendenti 97,2 89,8 7,4 Debiti verso istituti <span class=\"_ _3\"></span>di previdenza 83,5 78,9 4,6 Passivit\u00e0 per titoli <span class=\"_ _3\"></span>di efficienza ener<span class=\"_ _3\"></span>getica ed emission tra<span class=\"_ _3\"></span>ding 34,4 49,5 (15,1) Ricavi anticipati 13,5 15,3 (1,8) Altri debiti 137,5 131,2 6,3 Totale 1.512,8 1.487,3 25,5 \u201cDebiti per ant<span class=\"_ _5\"></span>icipi verso Cassa per i servizi energetici e ambientali\u201d, costituiti da anticipazioni non onerose concesse dalla Cassa per <span class=\"_ _5\"></span>i servizi energetici e ambientali<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ulla base di norme di <span class=\"_ _5\"></span>legge e delibere <span class=\"_ _5\"></span>Arera che si sono s<span class=\"_ _5\"></span>usseguite<span class=\"_ _3\"></span> negli anni, per le seguenti princi<span class=\"_ _3\"></span>pali fattispecie: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">258,5 milioni di euro (<span class=\"_ _5\"></span>236,7 milioni di euro al 31 d<span class=\"_ _5\"></span>icembre 2023) in ottemperanza al meccanismo di integrazione </span></span>previsto a <span class=\"_ _5\"></span>fronte di <span class=\"_ _5\"></span>crediti scaduti e <span class=\"_ _5\"></span>non riscossi <span class=\"_ _5\"></span>vantati nei confronti <span class=\"_ _5\"></span>dei clienti <span class=\"_ _5\"></span>gestiti in re<span class=\"_ _5\"></span>gime di <span class=\"_ _7\"></span>Salvaguardia. Le ultime rendiconta<span class=\"_ _3\"></span>zioni riguardano <span class=\"ff5\">l\u2019anno</span> 2022; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">204,9 <span class=\"_ _8\"> </span>milioni <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>(153,3 <span class=\"_ _8\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>euro <span class=\"_ _8\"> </span>al <span class=\"_ _8\"> </span>31 <span class=\"_ _8\"> </span>dicembre <span class=\"_ _10\"> </span>2023<span class=\"ls13\">) <span class=\"_ _2\"> </span></span>in <span class=\"_ _8\"> </span>ottempera<span class=\"_ _3\"></span>nza <span class=\"_ _8\"> </span>ai <span class=\"_ _10\"> </span>me<span class=\"_ _5\"></span>ccanismi <span class=\"_ _10\"> </span>di </span></span>reintegrazione previsti a fronte degli oneri della morosit\u00e0 dei servizi di ult<span class=\"_ _5\"></span>ima istanza nel settore del gas naturale (Fui, Ftd e Fdd), soste<span class=\"_ _3\"></span>nuti fino a<span class=\"ff5\">ll\u2019anno termico</span> 2022-<span class=\"ls10\">20</span>23;<span class=\"_ _3\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">19,8 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(5 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023) <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>ottemperanza <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>meccanismo<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>integrazione </span></span>previsto <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>fronte <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>rediti <span class=\"_ _e\"></span>scaduti <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>non <span class=\"_ _e\"></span>riscossi<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>vantati <span class=\"_ _e\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>clienti <span class=\"_ _e\"> </span>gestiti <span class=\"_ _d\"> </span>nel <span class=\"_ _d\"> </span>servizio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>tutele graduali <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>piccole <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>connesse <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>bassa <span class=\"_ _6\"></span>tensione <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>trovano <span class=\"_ _6\"></span>senza <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>contratto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>condizioni <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> libero mercato; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">12,6 <span class=\"_ _f\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>uro <span class=\"_ _f\"> </span>(<span class=\"lse\">14</span> <span class=\"_ _f\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _d\"> </span>202<span class=\"_ _5\"></span>3) <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>ottemperanza <span class=\"_ _f\"> </span><span class=\"ls10\">al</span>le <span class=\"_ _d\"> </span>modalit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>accesso <span class=\"_ _f\"> </span>al </span></span>meccanismo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>reintegrazione <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>oneri <span class=\"_ _e\"></span>generali <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>si<span class=\"_ _5\"></span>stema <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>incassati <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>clienti <span class=\"_ _e\"></span>finali <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gi\u00e0 <span class=\"_ _e\"></span>versati <span class=\"_ _e\"></span>alle societ\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>gli <span class=\"_ _e\"> </span>anni <span class=\"_ _d\"> </span>201<span class=\"_ _5\"></span>6-2023. <span class=\"_ _e\"> </span>I<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>perimetro <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>circoscritto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _e\"></span>elettrica <span class=\"_ _d\"> </span>in regime <span class=\"_ _c\"> </span>di <span class=\"_ _22\"> </span>mercato <span class=\"_ _c\"> </span>libero, <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>me<span class=\"_ _5\"></span>rcato <span class=\"_ _c\"> </span>Salvaguardia <span class=\"_ _c\"> </span>(disalimentabile) <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>al <span class=\"_ _22\"> </span>servizio <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>tu<span class=\"_ _5\"></span>tele <span class=\"_ _c\"> </span>graduali (disalimentabile); \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">11 <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>euro <span class=\"_ _d\"> </span>in <span class=\"_ _e\"></span>ottemperanza <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>meccanismo <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>h<span class=\"_ _5\"></span>a <span class=\"_ _e\"> </span>istituito <span class=\"_ _e\"> </span>una <span class=\"_ _d\"> </span>perequazione <span class=\"_ _e\"></span>dei <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>icavi, <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>di </span></span>rendicontazione <span class=\"_ _d\"> </span>effettuata <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>gennaio <span class=\"_ _d\"> </span>2023, <span class=\"_ _d\"> </span>volta <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>compensare <span class=\"_ _e\"> </span>par<span class=\"_ _5\"></span>te <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>costi <span class=\"_ _d\"> </span>non <span class=\"_ _f\"> </span>prevedibili,<span class=\"_ _3\"></span> sostenuti <span class=\"_ _5\"></span>nelle <span class=\"_ _5\"></span>forniture sui <span class=\"_ _5\"></span>mercati <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>ultima <span class=\"_ _5\"></span>istanza <span class=\"_ _5\"></span><span class=\"ff5\">default <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Fui, <span class=\"_ _5\"></span>specie <span class=\"_ _5\"></span>per e<span class=\"_ _5\"></span>ffetto <span class=\"_ _5\"></span>dell\u2019ingres<span class=\"_ _3\"></span>so <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>numero </span>maggiore di clienti ri<span class=\"_ _3\"></span>spetto alle previsioni. \u201cContributi  in  conto <span class=\"_ _4\"> </span>impianti\u201d,  si  decrementano  proporzionalmente  alle  quote  di  ammortamento  calcolate<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _4\"> </span>sulle </span>immobilizzazioni di rife<span class=\"_ _3\"></span>rimento e si increm<span class=\"_ _3\"></span>entano per effetto de<span class=\"_ _5\"></span>gli incassi d<span class=\"_ _3\"></span>ei contributi pubblici. La voce comprende<span class=\"_ _3\"></span>: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Fondo nuovi investim<span class=\"_ _3\"></span>enti per il sistema idr<span class=\"_ _3\"></span>ico 104,9 102,6 2,3 Depurazione e r<span class=\"_ _3\"></span>eti fognarie 54,5 40,7 13,8 Contributi Pnrr 41,6 2,0 39,6 Depuratore di Serv<span class=\"_ _3\"></span>ola (Trieste) 28,3 30,7 (2,4) Realizzazione vasc<span class=\"_ _3\"></span>he di laminazione e co<span class=\"_ _3\"></span>ndotte sottomarine a Rimini 19,2 18,4 0,8 Altri minori 52,1 68,1 (16,0) Totale 300,6 262,5 38,1<span class=\"_ _75\"> </span> 362<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>I contributi <span class=\"_ _5\"></span>Pnrr, in particolare, accolgono <span class=\"_ _5\"></span>le linee di <span class=\"_ _5\"></span>finanziamen<span class=\"_ _3\"></span>to del <span class=\"_ _5\"></span>Piano nazionale di ripresa e <span class=\"_ _5\"></span>resilienza attivate<span class=\"_ _3\"></span> per <span class=\"_ _5\"></span>nuovi <span class=\"_ _5\"></span>investimenti. Di <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>sono r<span class=\"_ _5\"></span>iportati <span class=\"_ _5\"></span>i principali <span class=\"_ _5\"></span>interventi per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>sono stati <span class=\"_ _5\"></span>ricevuti <span class=\"_ _5\"></span>contributi nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 2024:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">riduzione <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>idriche <span class=\"_ _6\"></span><span class=\"lse\">ne</span>lle <span class=\"_ _6\"></span>Ato <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>regione <span class=\"_ _6\"></span>Emilia-Ro<span class=\"_ _3\"></span>magna <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>Hera<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>gesto<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizi<span class=\"_ _3\"></span>o </span></span>idrico integrato per 15,4 milioni <span class=\"_ _3\"></span>di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ricerca <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>idriche <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _5\"></span></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>rinnovam<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span><span class=\"ff5\">delle <span class=\"_ _7\"></span>reti <span class=\"_ _6\"></span>nell\u2019Ato <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>provincia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Pesaro</span>-Urbino </span></span>per 5,9 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">potenziamento <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>mpianti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>depurazione <span class=\"_ _6\"></span>nei <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>uni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Bologna <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>Raven<span class=\"_ _3\"></span>na <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>interventi <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ulla <span class=\"_ _7\"></span>rete <span class=\"_ _6\"></span>fognari<span class=\"_ _3\"></span>a </span></span>nel territorio della <span class=\"_ _3\"></span>provincia di Forl\u00ec per 4,4 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">potenziamento <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>fonte <span class=\"_ _5\"></span>geotermica n<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>omune di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Ferrara <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>estensione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>rete <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>teleriscaldamento <span class=\"_ _5\"></span>nel </span></span>comune di Forl\u00ec per 3 milioni di<span class=\"_ _3\"></span> euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">progetto \"Sustainable water managem<span class=\"_ _3\"></span>ent<span class=\"ff5\">\u201d</span> nel<span class=\"ff5\">l\u2019Ato </span>Bacchiglione nella regio<span class=\"_ _3\"></span>ne Veneto per 2,5 milioni <span class=\"_ _3\"></span>di euro. </span></span>\u201cDepositi <span class=\"_ _10\"> </span>cauzio<span class=\"_ _3\"></span>nali <span class=\"_ _10\"> </span>da <span class=\"_ _4\"> </span>clienti\u201d, <span class=\"_ _10\"> </span>riflettono<span class=\"ff1\"> <span class=\"_ _10\"> </span>quanto <span class=\"_ _10\"> </span>richiesto <span class=\"_ _4\"> </span>ai <span class=\"_ _10\"> </span>clienti <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>relazione <span class=\"_ _10\"> </span>principalmente<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>contratti  d<span class=\"_ _5\"></span>i </span>somministrazione <span class=\"_ _7\"></span>gas, <span class=\"_ _6\"></span>energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>acqua<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>presen<span class=\"_ _3\"></span>za <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>eterminate <span class=\"_ _6\"></span>condi<span class=\"_ _3\"></span>zioni<span class=\"ls1e\">. <span class=\"_ _6\"></span></span>Il <span class=\"_ _6\"></span>significativo <span class=\"_ _6\"></span>decrem<span class=\"_ _3\"></span>ento rispetto <span class=\"_ _6\"></span>all\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _6\"></span>precedente <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>at<span class=\"_ _5\"></span>tribuire <span class=\"_ _6\"></span><span class=\"ff1\">principalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>minori <span class=\"_ _7\"></span>prezzi <span class=\"_ _6\"></span>medi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ommodity <span class=\"_ _7\"></span>evidenziatesi </span>nel corso dell\u2019esercizio<span class=\"_ _3\"></span> 2024, che hanno determinato una minor<span class=\"_ _3\"></span>e entit\u00e0 dell\u2019ammontare <span class=\"_ _3\"></span>singolarmente richiest<span class=\"_ _3\"></span>o<span class=\"_ _7\"></span><span class=\"ff1\">. </span>\u201cCassa  per  i<span class=\"_ _3\"></span>  servizi <span class=\"_ _f\"> </span>energetici  e <span class=\"_ _f\"> </span>ambientali  per  com<span class=\"_ _3\"></span>ponenti  e <span class=\"_ _f\"> </span>perequazione\u201d,  rifl<span class=\"_ _3\"></span>ette  le <span class=\"_ _f\"> </span>posizioni  debitorie <span class=\"_ _f\"> </span>nei confronti della Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali per alc<span class=\"_ _3\"></span>une componenti di sistema dei s<span class=\"_ _3\"></span>ervizi gas, elettrico e idrico <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>134,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(<span class=\"_ _5\"></span>111,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>3<span class=\"lsd\">) <span class=\"_ _6\"></span></span>e <span class=\"_ _e\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>erequazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>di vendita <span class=\"_ _7\"></span>dell\u2019energia<span class=\"ff1\"> <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>lettrica <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>2,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span>7,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>023). <span class=\"_ _7\"></span></span>L\u2019incremento <span class=\"_ _6\"></span>ris<span class=\"_ _3\"></span>petto all<span class=\"ff5\">\u2019esercizio</span> <span class=\"_ _6\"></span>precedente <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>debiti <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>componenti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sistema <span class=\"_ _e\"></span>riflette <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>perdurare <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>effetti, <span class=\"_ _e\"></span>gi\u00e0 <span class=\"_ _6\"></span>evidenziati <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 dicembre 2<span class=\"_ _5\"></span>023, <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>al<span class=\"ff5\">l\u2019azzeramento dei <span class=\"_ _5\"></span>decreti <span class=\"_ _5\"></span>introdotti <span class=\"_ _5\"></span>negli esercizi <span class=\"_ _5\"></span>precedenti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>far <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>\u201ccaro <span class=\"_ _5\"></span>bollette\u201d<span class=\"_ _7\"></span></span><span class=\"ls25\">, </span>nonch\u00e9 <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019in<span class=\"_ _3\"></span>cremento <span class=\"_ _6\"></span><span class=\"ff1\">dei <span class=\"_ _7\"></span>volumi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuiti <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>busin<span class=\"_ _3\"></span>ess <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019a<span class=\"_ _3\"></span>umento <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>posizione <span class=\"_ _7\"></span>debitoria <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>specifiche<span class=\"_ _3\"></span> </span></span></span>componenti relative <span class=\"_ _3\"></span>ai mercati di ultima istan<span class=\"_ _3\"></span>za serviti dal Grupp<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> \u201cIva, <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>addizionali\u201d<span class=\"ff1\">, <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>imposta <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>aggiunto <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>16,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _5\"></span>(71,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di </span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>addizionali <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>21,6 <span class=\"_ _5\"></span>milioni d<span class=\"_ _5\"></span>i euro <span class=\"_ _7\"></span>(46,7 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2<span class=\"_ _5\"></span>023). Come <span class=\"_ _7\"></span>illustrato <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>nota <span class=\"_ _6\"></span>37 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>correnti\u201d,</span> <span class=\"_ _6\"></span>tali <span class=\"_ _5\"></span>variazioni <span class=\"_ _7\"></span>devono <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>lette <span class=\"_ _7\"></span>tenendo <span class=\"_ _7\"></span>presente <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>modalit\u00e0 che <span class=\"_ _e\"> </span>regolano <span class=\"_ _e\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _e\"> </span>con <span class=\"_ _e\"> </span>l\u2019<span class=\"_ _5\"></span><span class=\"ff1\">Erario, <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>quali <span class=\"_ _d\"> </span>possono <span class=\"_ _e\"> </span>generarsi <span class=\"_ _e\"> </span>posizioni <span class=\"_ _e\"> </span>creditorie <span class=\"_ _d\"> </span>o <span class=\"_ _e\"> </span>debitorie <span class=\"_ _e\"> </span>con </span>differenze anche sig<span class=\"_ _3\"></span>nificative tra un period<span class=\"_ _3\"></span>o e <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019altro.</span> Per <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>concerne <span class=\"_ _e\"> </span>l\u2019<span class=\"_ _5\"></span>imposta<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>sul <span class=\"_ _e\"> </span>va<span class=\"_ _5\"></span>lore <span class=\"_ _e\"> </span>aggiunto, <span class=\"_ _f\"> </span>il <span class=\"_ _e\"> </span>significativo <span class=\"_ _d\"> </span>decremento <span class=\"_ _e\"> </span>rispetto <span class=\"_ _e\"> </span>all\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _e\"> </span>\u00e8 dovuto <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>una <span class=\"_ _7\"></span>parte <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>versamento <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fine <span class=\"_ _7\"></span>periodo <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019acconto, <span class=\"_ _5\"></span>calcolato <span class=\"_ _7\"></span>su <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span><span class=\"ff1\">e <span class=\"_ _7\"></span>storica, <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>37,6 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>e </span>dall\u2019altra <span class=\"_ _6\"></span>alla <span class=\"_ _6\"> </span>significativa <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>debitoria <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"> </span>dicembre <span class=\"_ _6\"> </span>2023<span class=\"_ _7\"></span><span class=\"ff1\">. <span class=\"_ _e\"></span>Tale <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>derivava <span class=\"_ _e\"></span>dalla </span>rilevante <span class=\"_ _e\"></span>fatturazione <span class=\"_ _6\"></span><span class=\"ff5\">ef<span class=\"_ _5\"></span>fettuata<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>nell\u2019ultimo<span class=\"ff1\"> <span class=\"_ _e\"></span>trimestre <span class=\"_ _e\"></span>dello <span class=\"_ _e\"></span>scorso <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>nno <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>conclusione <span class=\"_ _e\"></span>degli <span class=\"_ _d\"> </span>interventi <span class=\"_ _6\"></span>rientranti <span class=\"_ _e\"></span>nel </span></span>superbonus 110%, casist<span class=\"_ _3\"></span>ica non evidenziata<span class=\"_ _3\"></span>si nell\u2019esercizio corren<span class=\"_ _3\"></span>te.  <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Per quanto concerne accise e addizi<span class=\"_ _3\"></span>onali, il pagamento in acconto nel corso <span class=\"_ _3\"></span>dell\u2019esercizio<span class=\"_ _7\"></span><span class=\"ff1\"> \u00e8 avvenuto, com<span class=\"_ _3\"></span>e previsto </span>dalla <span class=\"_ _5\"></span>normativa <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>vigore, <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>fatturati <span class=\"_ _5\"></span>nell\u2019anno <span class=\"_ _5\"></span>precedente. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>debito <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>competenza <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>generat<span class=\"_ _3\"></span>o invece sulla base <span class=\"_ _5\"></span>dei volumi fatturati nell\u2019esercizio 202<span class=\"_ _5\"></span><span class=\"ff1\">4<span class=\"_ _5\"></span><span class=\"ls16\">. </span>Ci\u00f2 ha co<span class=\"_ _5\"></span>mportat<span class=\"_ _3\"></span>o, <span class=\"_ _5\"></span>come riportato anche<span class=\"_ _5\"></span> alla <span class=\"_ _5\"></span>nota 37 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre </span></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti\u201d, u<span class=\"_ _5\"></span>na pos<span class=\"_ _5\"></span>izione creditoria <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>business <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>metano <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>posizione <span class=\"_ _5\"></span>debitoria per<span class=\"_ _5\"></span> il business della vendita <span class=\"_ _3\"></span>di energia elettric<span class=\"_ _3\"></span>a.<span class=\"_ _5\"></span> \u201cPersonale e <span class=\"_ _5\"></span>ritenute di<span class=\"_ _5\"></span>pendenti<span class=\"_ _3\"></span>\u201d, <span class=\"_ _7\"></span><span class=\"ff1\">accoglie prevalentemente i <span class=\"_ _5\"></span>compensi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>ferie <span class=\"_ _5\"></span>maturate e non<span class=\"_ _5\"></span> godute<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>il premio </span>di <span class=\"_ _5\"></span>produttivit\u00e0 <span class=\"ff5\">e <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>incentivi all<span class=\"_ _5\"></span>\u2019esodo contabilizzati per <span class=\"_ _5\"></span>competenza al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024<span class=\"_ _7\"></span></span>, <span class=\"_ _5\"></span>oltre le <span class=\"_ _5\"></span>ritenute d<span class=\"_ _5\"></span>a versare all\u2019Erario in qualit\u00e0<span class=\"_ _3\"></span> di sostituto d\u2019imposta per i<span class=\"_ _3\"></span>l personale dipen<span class=\"_ _3\"></span>dente.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u201cDebiti <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>istituti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i p<span class=\"_ _5\"></span>revidenza\u201d,<span class=\"ff1\"> <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>contributi <span class=\"_ _7\"></span>dovuti <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>enti <span class=\"_ _5\"></span>previdenziali<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>relazion<span class=\"lse\">e </span></span>alle retribuzioni di <span class=\"_ _3\"></span>dicembre, al premio di ri<span class=\"_ _3\"></span>sultato e a<span class=\"_ _5\"></span>lle mensilit\u00e0 aggiu<span class=\"_ _3\"></span>ntive previste dai contratti collettivi <span class=\"_ _3\"></span>nazionali. \u201cTitoli di efficienza e<span class=\"_ _3\"></span>nergetica ed emission tradi<span class=\"_ _3\"></span>ng\u201d, comprende l<span class=\"_ _3\"></span>e seguenti fattispecie:<span class=\"ff1\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Certificati bianchi<span class=\"_ _3\"></span> 15,1 27,1 (12,0) Certificati garanzie <span class=\"_ _3\"></span>d'origine 13,4 12,7 0,7 Certificati grigi 5,9 9,7 (3,8) Totale 34,4 49,5 (15,1) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ertificati <span class=\"_ _6\"></span>bianchi <span class=\"_ _6\"></span>comprendono<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">la <span class=\"_ _e\"> </span>valutazione <span class=\"_ _6\"></span>dell\u2019esposizione <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>elativamente<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>agli <span class=\"_ _6\"> </span>obblighi <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>riconsegna <span class=\"_ _6\"></span>nei </span></span></span>confronti <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>Autorit\u00e0 <span class=\"_ _d\"> </span>competenti <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>titoli <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>efficienza <span class=\"_ _d\"> </span>energetica <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>ancora <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>portafoglio.  La <span class=\"_ _f\"> </span>variazione rispetto al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 202<span class=\"_ _5\"></span>3, <span class=\"_ _5\"></span>in u<span class=\"_ _5\"></span>n contesto <span class=\"_ _5\"></span>che h<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>evidenziato quotazioni d<span class=\"_ _5\"></span>i mercato<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ostanzialmente in <span class=\"_ _5\"></span>linea<span class=\"ls1e\">, </span>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>363<span class=\"ls0\"> </span>\u00e8 <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"></span>princip<span class=\"_ _3\"></span>almente <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>minor <span class=\"_ _6\"></span>num<span class=\"_ _3\"></span>ero <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>certificati <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nnullare <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nni <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>quali <span class=\"_ _7\"></span>il Gruppo non ha ancora c<span class=\"_ _3\"></span>ompletamente adempi<span class=\"_ _3\"></span>uto l\u2019obbligo di co<span class=\"_ _3\"></span>mpetenza assegnato;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"ff5\">certificati garanzia d\u2019origine (Go), sostanzialmente in linea con l\u2019eserc<span class=\"_ _3\"></span>izio precedente,<span class=\"_ _5\"></span><span class=\"ff1\"> sono relativi agli obblighi<span class=\"_ _3\"></span> </span></span></span></span>di <span class=\"_ _5\"></span>certificazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>energia <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>lettrica prodotta <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>fonti <span class=\"_ _5\"></span>energetiche <span class=\"_ _5\"></span>rinnovabili <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>vendite <span class=\"_ _5\"></span>effettuate <span class=\"_ _5\"></span>nei confronti dei clienti c<span class=\"_ _3\"></span>he prevedono contr<span class=\"_ _3\"></span>attualmente tale tipologi<span class=\"_ _3\"></span>a di approvvigionam<span class=\"_ _3\"></span>ento;<span class=\"_ _7\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"_ _f\"> </span>certificati <span class=\"_ _d\"> </span>grigi <span class=\"_ _d\"> </span>riflettono <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>valorizzazione <span class=\"_ _f\"> </span><span class=\"ff5\">sia <span class=\"_ _f\"> </span>dell\u2019obbligo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>riconsegna <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>certificati <span class=\"_ _d\"> </span>calcolato <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>alla </span></span></span>vigente <span class=\"_ _4\"> </span>normativa <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>5<span class=\"_ _5\"></span>,5 <span class=\"_ _4\"> </span>milioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>euro <span class=\"_ _10\"> </span>(8,7  milioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>e<span class=\"_ _5\"></span>uro  al <span class=\"_ _10\"> </span>31  dicembre <span class=\"_ _4\"> </span>202<span class=\"_ _5\"></span>3<span class=\"lsd\">)  </span>sia <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>e<span class=\"ls23\">i <span class=\"_ _4\"> </span></span>contratti <span class=\"_ _10\"> </span>di<span class=\"_ _3\"></span> compravendita <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>termine <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>q<span class=\"_ _3\"></span>uote <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _f\"> </span>emission<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>gas <span class=\"_ _d\"> </span>serra <span class=\"_ _f\"> </span>pe<span class=\"_ _5\"></span>r <span class=\"_ _f\"> </span>0,4  m<span class=\"_ _3\"></span>ilioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>(1 <span class=\"_ _f\"> </span>milione <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 dicembre <span class=\"_ _6\"></span>2023). <span class=\"_ _6\"></span>L<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>variazione <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>precedente <span class=\"_ _6\"></span>esercizio<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>dovuta <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>mi<span class=\"ls10\">no</span>ri <span class=\"_ _6\"></span>obblighi <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>riconsegna <span class=\"_ _6\"></span>per l\u2019esercizio 2024, ai min<span class=\"_ _3\"></span>ori<span class=\"ff1\"> volumi dei contratti a termine e alla flessione <span class=\"ls10\">dei<span class=\"_ _3\"></span><span class=\"ls0\"> prezzi di mercato. </span></span></span>\u201cRicavi  anticipati<span class=\"ff1\">, <span class=\"_ _4\"> </span>rappresentano  principalmente <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>quote  de<span class=\"_ _5\"></span>i  crediti  di <span class=\"_ _4\"> </span>imposta <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>investimenti  in <span class=\"_ _4\"> </span>nuovi  beni </span>strumentali di compete<span class=\"_ _3\"></span>nza degli esercizi futuri per 8,8 milioni di euro (10,7 milio<span class=\"_ _3\"></span>ni di euro al 31 di<span class=\"_ _3\"></span>cembre 2023)<span class=\"_ _5\"></span>. \u201cAltri debiti\u201d costituiti<span class=\"_ _3\"></span> principalmente dalle s<span class=\"_ _3\"></span>eguenti fattispecie:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Corrispettivit\u00e0 di m<span class=\"_ _3\"></span>orosit\u00e0 settore elett<span class=\"_ _3\"></span>rico, gas e altri 17,1 27,4 (10,3) Contributi per disagi <span class=\"_ _3\"></span>ambientali 16,9 14,1 2,8 Contributi alluvione 16,5 10,0 6,5 Franchigie assic<span class=\"_ _3\"></span>urative 8,1 8,7 (0,6) Altri minori 78,9 71,0 7,9 Totale 137,5 131,2 6,3 In particolare: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _6\"></span><span class=\"ls0\">corrispettivi <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>morosit\u00e0 <span class=\"_ _6\"></span>set<span class=\"_ _5\"></span>tore <span class=\"_ _e\"></span>elettrico, <span class=\"_ _6\"></span>gas <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>rappresentano <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>importi, <span class=\"_ _6\"></span>addebitati <span class=\"_ _6\"></span>agli </span></span></span>utenti <span class=\"_ _6\"></span>finali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>che, <span class=\"_ _7\"></span>prima <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>assagg<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo <span class=\"_ _6\"></span>Hera, <span class=\"_ _7\"></span>siano <span class=\"_ _6\"></span>risultati <span class=\"_ _7\"></span>morosi <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>ultime <span class=\"_ _6\"></span>tr<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>mensilit\u00e0<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>sono riferibili <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>particolar<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>modo <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>mercati <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>ultima <span class=\"_ _7\"></span>is<span class=\"_ _5\"></span>tanza. <span class=\"_ _6\"></span>Tali <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>mporti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>retroce<span class=\"_ _3\"></span>dere <span class=\"_ _7\"></span>ai<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>precedenti <span class=\"_ _7\"></span>fornitori. L\u2019indennizzo <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>iene <span class=\"_ _e\"> </span>applicato <span class=\"_ _d\"> </span>solo <span class=\"_ _d\"> </span>ad <span class=\"_ _f\"> </span>alcune <span class=\"_ _e\"> </span>specifiche <span class=\"_ _d\"> </span>categorie <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>utenze, <span class=\"_ _d\"> </span>individuate <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>alla  <span class=\"ff1\">deliber<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>Arera </span>593/2017/R <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>dalle <span class=\"_ _d\"> </span>sue <span class=\"_ _d\"> </span>successive <span class=\"_ _d\"> </span>modifiche <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>integrazio<span class=\"_ _3\"></span>ni<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _d\"> </span></span>Il <span class=\"_ _f\"> </span>decremento <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all<span class=\"ff5\">\u2019</span>esercizio <span class=\"_ _d\"> </span>precedente riflette <span class=\"_ _8\"> </span>l\u2019acquisizi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>un <span class=\"_ _10\"> </span>n<span class=\"_ _5\"></span>uovo <span class=\"_ _8\"> </span>lotto<span class=\"ff1\"> <span class=\"_ _8\"> </span>nel <span class=\"_ _8\"> </span>mercato <span class=\"_ _8\"> </span></span>salvaguardia <span class=\"_ _10\"> </span>avvenuta <span class=\"_ _8\"> </span>nell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>2023, <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>ha<span class=\"_ _3\"></span> comportato un <span class=\"_ _5\"></span>significativo <span class=\"_ _5\"></span>incremento <span class=\"_ _5\"></span><span class=\"ff5\">dell\u2019esposizione</span> <span class=\"_ _5\"></span>al 3<span class=\"_ _5\"></span>1 d<span class=\"_ _5\"></span>icembre 2023<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>mentre le <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>perimetr<span class=\"_ _3\"></span>o sui <span class=\"_ _d\"> </span>mercati <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>ultima <span class=\"_ _d\"> </span>istanza <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>gas <span class=\"_ _e\"> </span>metano <span class=\"_ _f\"> </span><span class=\"ff5\">avvenute <span class=\"_ _e\"> </span>nell\u2019anno <span class=\"_ _e\"> </span>corrente <span class=\"_ _d\"> </span></span>non <span class=\"_ _e\"> </span>hanno <span class=\"_ _d\"> </span>impatti <span class=\"_ _d\"> </span>significativi <span class=\"_ _e\"></span>sul valore al 31 dicembr<span class=\"_ _3\"></span>e 2024; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _d\"> </span><span class=\"ls0\">contributi <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>isagi <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>mbientali <span class=\"_ _e\"> </span>sono <span class=\"_ _f\"> </span>costituiti <span class=\"_ _e\"> </span>da <span class=\"_ _f\"> </span>importi <span class=\"_ _e\"> </span>da<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>li<span class=\"_ _5\"></span>quidare <span class=\"_ _e\"> </span>ai<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>Comuni <span class=\"_ _d\"> </span>determinati <span class=\"_ _d\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _d\"> </span>di </span></span></span>specifiche <span class=\"_ _5\"></span>convenzioni <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>dovuti <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>titolo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>indennizzo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>aventi <span class=\"_ _7\"></span>impatto <span class=\"_ _5\"></span>ambientale <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>relazione al <span class=\"_ _7\"></span>conferimento <span class=\"_ _5\"></span>rifiuti <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>impianti <span class=\"_ _5\"></span>presenti <span class=\"_ _6\"></span><span class=\"ff5\">sui <span class=\"_ _5\"></span>territori <span class=\"_ _7\"></span>comunali. <span class=\"_ _5\"></span>L\u2019ammontare <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>tali <span class=\"_ _7\"></span>contributi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>correlato <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lle<span class=\"_ _3\"></span> </span>quantit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>rifiuti <span class=\"_ _6\"></span>annualmente <span class=\"_ _7\"></span>smaltite <span class=\"_ _6\"></span><span class=\"ff5\">che <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>risultate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>au<span class=\"_ _3\"></span>mento <span class=\"_ _6\"></span>nell\u2019eserciz<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>periodo <span class=\"_ _6\"></span>di </span>confronto; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _7\"></span><span class=\"ls0\">contributi <span class=\"_ _7\"></span>alluvione <span class=\"_ _7\"></span>rappresentano <span class=\"_ _7\"></span><span class=\"lse\">un<span class=\"_ _5\"></span></span><span class=\"ff5\">\u2019</span>anticipazione <span class=\"_ _7\"></span>ricevut<span class=\"lse\">a <span class=\"_ _7\"></span></span>dal<span class=\"ff5\">l\u2019Ente</span> <span class=\"_ _6\"></span>C<span class=\"_ _3\"></span>ommissariale <span class=\"_ _7\"></span>Straordinario <span class=\"_ _7\"></span>istituito <span class=\"_ _7\"></span>dal </span></span></span>Governo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>finanziamento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>lavori <span class=\"_ _6\"></span>ritenuti <span class=\"_ _6\"></span>necessari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span><span class=\"ff5\">dei <span class=\"_ _6\"> </span>danni <span class=\"_ _6\"></span>causati <span class=\"_ _6\"></span>dall\u2019alluvione <span class=\"_ _6\"> </span></span>di <span class=\"_ _e\"></span>maggio 2023 <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>Emilia-Romagn<span class=\"_ _3\"></span>a<span class=\"ls16\">. <span class=\"_ _7\"></span></span>Tali <span class=\"_ _6\"></span>contributi, <span class=\"_ _7\"></span>tuttavia, <span class=\"_ _7\"></span>potranno <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>itenuti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>spettanza <span class=\"_ _7\"></span>effettiva <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo, <span class=\"_ _7\"></span>al netto <span class=\"_ _4\"> </span>dei <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>imborsi  assicurativi  r<span class=\"_ _5\"></span>icevuti,  solamente <span class=\"_ _10\"> </span>al  termine <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>percorso  di <span class=\"_ _10\"> </span>pres<span class=\"_ _3\"></span>entazione <span class=\"_ _4\"> </span>delle <span class=\"_ _4\"> </span>istanze<span class=\"_ _7\"></span> attualmente <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>corso. <span class=\"_ _6\"></span>In <span class=\"_ _7\"></span>tale <span class=\"_ _7\"></span>contesto <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>fortemente <span class=\"_ _7\"></span>incerto, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _7\"></span>rit<span class=\"_ _5\"></span>iene <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019a<span class=\"_ _3\"></span>nticipazione <span class=\"_ _7\"></span><span class=\"ff1\">potrebbe </span></span>dover essere <span class=\"_ _5\"></span>restituita <span class=\"_ _5\"></span><span class=\"ff5\">nel corso dell\u2019esercizio 2025<span class=\"_ _5\"></span></span> e<span class=\"_ _5\"></span> pertanto non <span class=\"_ _5\"></span>ricorrono i <span class=\"_ _5\"></span>requisiti di <span class=\"_ _5\"></span>certezza sufficienti per l\u2019iscrizione del contri<span class=\"_ _3\"></span>buto pubblico;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le f<span class=\"_ _5\"></span>ranchigie assicurative <span class=\"_ _5\"></span>rappresentano importi che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo deve rimborsare direttamente <span class=\"_ _5\"></span>ai terzi <span class=\"_ _5\"></span>danneggiati </span></span>o alle compagnie as<span class=\"_ _3\"></span>sicurative. Come <span class=\"_ _6\"></span>esposto <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>paragrafo <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>.02.01 <span class=\"_ _6\"></span>\u201cIntroduzi<span class=\"_ _3\"></span>one\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>introdotte <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>uove <span class=\"_ _6\"></span>righe <span class=\"_ _6\"></span>negli <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>chemi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bilan<span class=\"_ _3\"></span>cio <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>di conseguenza  sono  state  effettuate  alcune <span class=\"_ _10\"> </span>riesposi<span class=\"_ _3\"></span>zioni  rispetto  a <span class=\"_ _4\"> </span>quanto  pubblicato  al  31  d<span class=\"_ _5\"></span>icembre  2023.  In particolare, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _6\"></span>precedente <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>correnti\u201d <span class=\"_ _6\"></span>accoglievano <span class=\"_ _6\"></span>acconti <span class=\"_ _6\"></span>per <span class=\"_ _6\"> </span>lavori <span class=\"_ _e\"> </span>in </span>corso <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>risconti <span class=\"_ _5\"></span>passivi <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>ricavi <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>clienti <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>differire <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>esercizi <span class=\"_ _5\"></span>successivi <span class=\"_ _5\"></span>rispettivamente <span class=\"_ _5\"></span>per 365,1 milioni di <span class=\"_ _5\"></span>euro e p<span class=\"_ _5\"></span>er 14,4 milioni di <span class=\"_ _5\"></span>euro. Tali fattispecie sono <span class=\"_ _5\"></span>state esposte al 31 <span class=\"_ _5\"></span>dicembre 2024, per <span class=\"_ _5\"></span>entrambi i periodi di confronto,<span class=\"_ _3\"></span> nella voce di nuova intr<span class=\"_ _3\"></span>oduzione \u201cPassivit\u00e0 <span class=\"_ _3\"></span>correnti derivanti da cont<span class=\"_ _3\"></span>ratti con i clienti\u201d<span class=\"_ _5\"></span><span class=\"ff1\">. </span>364<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>39<span class=\"ls0\">  <span class=\"ffd\">Flussi mon<span class=\"_ _3\"></span>etari dell\u2019atti<span class=\"_ _3\"></span>vit\u00e0 operativa<span class=\"ff8\"> </span></span></span>Variazione capitale circol<span class=\"_ _3\"></span>ante netto Di <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>eguito <span class=\"_ _e\"> </span>si <span class=\"_ _d\"> </span>riportano <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>inf<span class=\"_ _5\"></span><span class=\"ff5\">ormazioni <span class=\"_ _e\"> </span>sulle <span class=\"_ _d\"> </span>variazioni <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>capitale <span class=\"_ _d\"> </span>circolante <span class=\"_ _e\"> </span>netto <span class=\"_ _d\"> </span>intercorse <span class=\"_ _d\"> </span>nell\u2019esercizio <span class=\"_ _e\"> </span>202<span class=\"_ _7\"></span></span>4<span class=\"ls1e\">, </span>distinte tra flussi mo<span class=\"_ _3\"></span>netari e flussi non monet<span class=\"_ _3\"></span>ari. TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. (A) FLUSSI NON MON<span class=\"_ _3\"></span>ETARI FLUSSI MONETARI (F)=[(B)+(C)<span class=\"_ _75\"> </span>+(D)+(E)]-<span class=\"_ _75\"> </span>(A) ACQUISIZIONI  CESSIONI (B) COMPONENTI ECONOMICHE VALUTATIVE (C) VARIAZIONI FAIR VALUE (D) ALTRE VARIAZIONI (E) Rimanenze 168,1 198,5 (30,4) 0,1 9,0 39,5 Crediti commerci<span class=\"_ _3\"></span>ali 3.172,5 3.586,8 (414,3) (1,0) (123,0) (10,2) (1.081,0) (800,9) Debiti commerciali (2.723,9) (2.619,3) (104,6) (0,1) (153,5) (49,0) Altre attivit\u00e0/passivit\u00e0 correnti, compresi contratti con clienti (347,6) (942,3) 594,7 (1,9) 57,0 23,7 954,1 438,2 Variazione capital<span class=\"_ _3\"></span>e circolante 269,1 223,7 45,4 (2,9) (57,0) 13,5 (280,4) (372,2) \u201cAcquisizioni <span class=\"_ _6\"> </span>e <span class=\"_ _d\"> </span>cessioni\u201d <span class=\"_ _e\"> </span><span class=\"ff1\">accolgono <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>effetti <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>erivanti <span class=\"_ _6\"></span>dalle <span class=\"_ _e\"></span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _e\"></span>acquisizione <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>controllo <span class=\"_ _6\"></span>effettuate <span class=\"_ _e\"></span>ne<span class=\"_ _7\"></span><span class=\"ls23\">l </span></span>corso dell\u2019esercizi<span class=\"_ _3\"></span>o 20<span class=\"ff1\">24, come illustrato nel paragrafo </span>2.02.10 \u201cA<span class=\"_ _3\"></span>ltre informazioni\u201d.<span class=\"ff1\"> </span>\u201cComponenti economi<span class=\"_ _3\"></span>che valutative\u201d accolgon<span class=\"_ _3\"></span>o principalmente:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">l\u2019accantonamento<span class=\"ff1\"> netto a fondo <span class=\"_ _3\"></span>svalutazione crediti per 122,4 milioni di e<span class=\"_ _3\"></span>uro negativi; </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i proventi <span class=\"_ _5\"></span>relativi <span class=\"ls10\">al</span> p<span class=\"_ _5\"></span>rocesso <span class=\"ls10\">di</span> attualizzazione dei <span class=\"_ _5\"></span>crediti <span class=\"ff5\">d\u2019<span class=\"_ _5\"></span>imposta</span> <span class=\"lse\">da</span> <span class=\"_ _5\"></span>sconto <span class=\"ls23\">in<span class=\"_ _5\"></span></span> fattura, <span class=\"_ _5\"></span>per 51,5 <span class=\"_ _5\"></span>milioni <span class=\"ls10\">di</span> e<span class=\"_ _5\"></span>uro </span></span>positivi, come riportato alla nota 9 <span class=\"ff5\">\u201cPro<span class=\"_ _3\"></span>venti<span class=\"ff1\"> </span>finanziari\u201d;<span class=\"ff1\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le <span class=\"_ _f\"> </span>quote <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>competenza <span class=\"_ _f\"> </span>del <span class=\"_ _d\"> </span>per<span class=\"_ _5\"></span>iodo <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>contributi <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>n <span class=\"_ _f\"> </span>conto  i<span class=\"_ _3\"></span>mpianti, <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>cui <span class=\"_ _f\"> </span>ammontare <span class=\"_ _f\"> </span>complessivo<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>stato </span></span>incassato negli eserciz<span class=\"_ _3\"></span>i precedenti, per 14,5 <span class=\"ff5\">milioni di euro positi<span class=\"_ _3\"></span>vi, come riportato alla <span class=\"_ _3\"></span>nota 2 \u201cAltri <span class=\"ff1\">p<span class=\"_ _5\"></span>roventi</span><span class=\"ls13\">\u201d.</span><span class=\"ff1\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">l<span class=\"ff5\">\u2019adeguamento</span> della svalutazio<span class=\"_ _3\"></span>ne delle giacenze <span class=\"ls10\">di</span> gas meta<span class=\"_ _3\"></span>no per 9<span class=\"ls16\">,6</span> milioni <span class=\"ls10\">di<span class=\"_ _3\"></span><span class=\"ls0\"> euro positivi. </span></span></span></span>\u201cVariazioni fair val<span class=\"_ _3\"></span>ue\u201d accolgono:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">la <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>cer<span class=\"_ _5\"></span>tificati a<span class=\"_ _5\"></span>mbientali e <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>obblighi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>missione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>serra <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ssegnati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>Gruppo, <span class=\"_ _5\"></span>oltre <span class=\"_ _e\"></span><span class=\"ls10\">al</span>la </span></span>valorizzazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>ter<span class=\"_ _3\"></span>mine <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ompravendita <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>quote <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>emissioni <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _6\"></span>serra, <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>comple<span class=\"_ _3\"></span>ssivi 8,5 milioni di euro positivi<span class=\"ff5\">, come<span class=\"_ _3\"></span> riportato alle note 37 \u201cAl<span class=\"_ _3\"></span>tre attivit\u00e0 correnti\u201d e 38 <span class=\"_ _3\"></span>\u201cAltre passivit\u00e0 corren<span class=\"_ _3\"></span>ti\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">la <span class=\"_ _e\"></span>valutazione <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ia <span class=\"_ _6\"></span>de<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _e\"> </span><span class=\"ff5\">commerciali <span class=\"_ _e\"> </span>sia <span class=\"_ _e\"> </span>dei <span class=\"_ _6\"> </span>cred<span class=\"_ _5\"></span>iti <span class=\"_ _6\"></span>d\u2019imposta <span class=\"_ _d\"> </span>correlati <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>ll\u2019applica<span class=\"_ _3\"></span>zione <span class=\"_ _e\"> </span>dello </span></span></span>sconto <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>fattura <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>relazione <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>interventi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>fficientam<span class=\"_ _3\"></span>ento <span class=\"_ _7\"></span>energetico <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>resso <span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>ienti <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inali <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>5 <span class=\"_ _5\"></span>mil<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>euro positivi, come riportato a<span class=\"_ _3\"></span>lla nota 10 <span class=\"ff5\">\u201cOneri finanziari\u201d</span>. \u201cAltre <span class=\"_ _7\"></span>variazioni\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ompensazioni <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll\u2019intern<span class=\"_ _3\"></span>o <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>capitale <span class=\"_ _7\"></span>circolante <span class=\"_ _7\"></span>netto <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>operazioni <span class=\"_ _7\"></span>che prevedono <span class=\"_ _e\"> </span>la <span class=\"_ _d\"> </span>rappresentazione<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>lorda <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>passivit\u00e0<span class=\"_ _5\"></span>. <span class=\"_ _d\"> </span>La <span class=\"_ _e\"> </span>voce <span class=\"_ _d\"> </span>risente <span class=\"_ _d\"> </span><span class=\"ff5\">dell\u2019iscrizione <span class=\"_ _e\"> </span>degli <span class=\"_ _d\"> </span>importi <span class=\"_ _e\"> </span>relativi <span class=\"_ _e\"> </span>al </span>settlement <span class=\"_ _e\"></span>gas <span class=\"_ _6\"></span><span class=\"ff5\">c<span class=\"_ _5\"></span>lassificati <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>voce <span class=\"_ _e\"> </span>\u201cPassivit\u00e0 <span class=\"_ _6\"></span>finanziarie\u201d<span class=\"_ _5\"></span></span> <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>154,1 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>co<span class=\"_ _5\"></span>me meglio precisato ne<span class=\"_ _5\"></span>l paragrafo 2.02.01 <span class=\"_ _5\"></span>\u201cIntroduzio<span class=\"_ _3\"></span>ne\u201d<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>nonch\u00e9 dell\u2019utilizzo di <span class=\"_ _5\"></span>crediti di <span class=\"_ _5\"></span>natura fiscale <span class=\"_ _5\"></span>iscritti tra l<span class=\"_ _5\"></span>e altre attivit\u00e0 correnti a<span class=\"_ _5\"></span>i fini <span class=\"_ _5\"></span>di compensazione in <span class=\"_ _5\"></span>modo da <span class=\"_ _5\"></span>rappresentare le <span class=\"_ _7\"></span>effettive uscite d<span class=\"_ _5\"></span>i cassa <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>imposte sul <span class=\"_ _5\"></span>reddito pagate nel periodo. Dividendi incassati Nel <span class=\"_ _5\"></span>corso <span class=\"_ _7\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>202<span class=\"ff1\">4 <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tati <span class=\"_ _5\"></span>incassati <span class=\"_ _5\"></span>dividendi <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _5\"></span>consolidate <span class=\"_ _5\"></span>secondo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>patrimonio </span>netto per 4,9 <span class=\"_ _5\"></span>milioni di euro (8,7 milioni di euro al 31 d<span class=\"_ _5\"></span>icembre 2023) e da <span class=\"_ _5\"></span>partecipazioni detenut<span class=\"_ _3\"></span>e in a<span class=\"_ _5\"></span>ltre societ\u00e0 per 7,<span class=\"ls0\">9 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span><span class=\"lse\">6,</span>4 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023)<span class=\"_ _5\"></span>. <span class=\"_ _7\"></span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ettagli <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>rim<span class=\"_ _3\"></span>anda <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>note <span class=\"_ _6\"></span>9 <span class=\"_ _6\"></span><span class=\"ff5\">\u201cProventi </span></span>finanziari\u201d e 26 \u201cPart<span class=\"_ _3\"></span>ecipazioni<span class=\"ff1\"> valutate con il metodo del p<span class=\"_ _3\"></span>atrimonio netto e Altre<span class=\"_ _3\"></span> partecipazioni<span class=\"ff5 ls13\">\u201d.<span class=\"_ _5\"></span></span> </span>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>365<span class=\"ls0\"> </span>Interessi netti pagati Di seguito s<span class=\"_ _5\"></span>i riporta l<span class=\"_ _5\"></span>a riconciliazione tra <span class=\"_ _5\"></span>i valori di <span class=\"_ _5\"></span>bilancio di <span class=\"_ _5\"></span>proventi e <span class=\"_ _5\"></span>oneri finanziari e <span class=\"_ _5\"></span>i relativi <span class=\"_ _5\"></span>flussi di <span class=\"_ _5\"></span>cassa<span class=\"_ _7\"></span> <span class=\"_ _5\"></span>netti dell\u2019esercizio.<span class=\"ff1\"> </span>TIPOLOGIA 2024 (A) COMPONENTI NO<span class=\"_ _3\"></span>N MONETARIE COMPONENTI MONETARIE (E)=(A)-<span class=\"_ _75\"> </span>[(B)+(C)+(D)] COMPONENTI ECONOMICHE VALUTATIVE (B) VARIAZIONI FAIR <span class=\"_ _3\"></span>VALUE (C) ALTRE VARIAZIONI  (D) Proventi finanziari 202,5 60,7 72,2 12,8 56,8 Oneri finanziari (308,5) (96,0) (17,8) (2,1) (192,6) Totale (106,0) (35,3) 54,4 10,7 (135,8) \u201cComponenti economiche valutative\u201d <span class=\"_ _5\"></span>accolgono oneri e <span class=\"_ _5\"></span>proventi derivanti sia <span class=\"_ _5\"></span>dalla valutazione <span class=\"_ _5\"></span>a costo a<span class=\"_ _5\"></span>mmortizzato<span class=\"_ _3\"></span> sia <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>processo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>attualizzazione <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _5\"></span>contraddistinte <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>flussi <span class=\"_ _5\"></span>monetari <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>realizzeranno <span class=\"_ _5\"></span><span class=\"ls10\">ne</span>gli esercizi <span class=\"_ _6\"></span>successivi, <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>partecipazioni <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>alutate <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>metodo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>netto<span class=\"ls1e\">, </span>come riportato alle n<span class=\"_ _3\"></span>ote 9 <span class=\"ff5\">\u201c<span class=\"_ _5\"></span>Prov<span class=\"_ _3\"></span>enti finanziari\u201d e 1<span class=\"ff1\">0 </span>\u201cOneri finan<span class=\"_ _3\"></span>ziari\u201d.<span class=\"ff1\"> </span></span>\u201cVariazioni <span class=\"_ _5\"></span>fair <span class=\"_ _7\"></span>value\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>valutazioni <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>corrent<span class=\"_ _5\"></span><span class=\"ff1\">e <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie, <span class=\"_ _7\"></span>principalmente </span>riferibili a: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi potenziali, <span class=\"_ _3\"></span>per un effetto netto <span class=\"_ _3\"></span>complessivo di <span class=\"_ _5\"></span><span class=\"ls10\">49</span>,9 milioni di <span class=\"_ _3\"></span>euro positivi; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">rettifica <span class=\"_ _f\"> </span>apportata <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>valore  c<span class=\"_ _3\"></span>ontabile <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>un  pre<span class=\"_ _3\"></span>stito <span class=\"_ _f\"> </span>obbligazionario <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>valuta<span class=\"_ _7\"></span><span class=\"ls16\">, <span class=\"_ _f\"> </span></span>per  ef<span class=\"_ _3\"></span>fetto <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>relazione <span class=\"_ _f\"> </span>di </span></span>copertura in fair value hedge, <span class=\"ff5\">ch<span class=\"_ _3\"></span>e ha comportato l\u2019iscri<span class=\"_ _3\"></span>zione di <span class=\"ff1\">oneri per <span class=\"ls10\">21</span>,2 milioni di e<span class=\"_ _3\"></span>uro; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">derivati <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>copertura <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>tassi <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>cambi <span class=\"_ _6\"></span>che <span class=\"_ _5\"></span>h<span class=\"_ _5\"></span>anno <span class=\"_ _7\"></span>comportato <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>rilevazione <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>netti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutazione <span class=\"_ _7\"></span>per </span></span>20<span class=\"ls0\">,6 milioni <span class=\"_ _3\"></span>di euro positivi; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">crediti <span class=\"_ _d\"> </span>correlati <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>l\u2019applica<span class=\"_ _3\"></span>zione <span class=\"_ _d\"> </span>dello <span class=\"_ _d\"> </span>sconto <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>fattura <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>relazione <span class=\"_ _e\"> </span>a <span class=\"_ _f\"> </span>interventi <span class=\"_ _e\"> </span>agevolabili <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>fficientament<span class=\"_ _3\"></span>o </span></span>energetico realizzati <span class=\"_ _3\"></span>per conto di clienti finali <span class=\"_ _3\"></span>per 5 milioni di euro<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>positivi. \u201cAltre <span class=\"_ _5\"></span>variazioni\u201d <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span><span class=\"ff1\">dividendi corrisposti <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>altre <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>minori, <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>flusso <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>cassa </span>del periodo \u00e8 espost<span class=\"_ _3\"></span>o in una voce specifica d<span class=\"_ _3\"></span>el rendiconto finanz<span class=\"_ _3\"></span>iario per <span class=\"_ _5\"></span><span class=\"ls10\">7,</span>9 milioni di euro. Si <span class=\"_ _5\"></span>segnala, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>flusso <span class=\"_ _5\"></span>monetario <span class=\"_ _5\"></span>relativo <span class=\"_ _5\"></span>agli <span class=\"_ _7\"></span>interessi <span class=\"_ _7\"></span>finanziari <span class=\"_ _5\"></span>pagati <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>pagato <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>periodo per gli oneri su leasi<span class=\"_ _3\"></span>ng, pari a 2,9 milioni di<span class=\"_ _3\"></span> euro.<span class=\"_ _5\"></span> Imposte pagate Si riporta il dettaglio per tip<span class=\"_ _3\"></span>ologia di imposta d<span class=\"_ _3\"></span>ei flussi che compongon<span class=\"_ _3\"></span>o la voce:<span class=\"_ _5\"></span> 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Imposte sul reddito 180,0 92,9 Imposta sostituti<span class=\"_ _3\"></span>va 13,3 3,7 Imposte pagate 193,3 96,6 Le  <span class=\"ls0\">imposte  sul  reddito <span class=\"_ _4\"> </span>accolgono <span class=\"_ _10\"> </span>pri<span class=\"_ _3\"></span>ncipalmente <span class=\"_ _4\"> </span>quanto  versato  dal <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _4\"> </span>in  relazione  a<span class=\"_ _5\"></span>  saldi <span class=\"_ _4\"> </span>Ires  e<span class=\"_ _5\"></span>  Irap </span>dell\u2019esercizio <span class=\"ff1\">precedente a q<span class=\"_ _3\"></span>uello di chiusura e agli acconti dovu<span class=\"_ _3\"></span>ti per <span class=\"ff5\">il reddito generato nell\u2019ese<span class=\"_ _3\"></span>rcizio corrente. <span class=\"ff1\"> </span></span></span>L<span class=\"ff5\">\u2019imposta <span class=\"_ _6\"></span>sostitutiva <span class=\"_ _e\"> </span></span>rappresent<span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _6\"></span>2024 <span class=\"_ _e\"></span>quanto <span class=\"_ _6\"></span>versato <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>re<span class=\"_ _5\"></span>lazione <span class=\"_ _6\"></span>al<span class=\"ff5 lsf\">l\u2019</span>affrancamento <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>maggiori valori risultanti dalle <span class=\"_ _5\"></span>operazioni straordinarie dettagliate alla <span class=\"_ _5\"></span>nota 12 <span class=\"_ _5\"></span>\u201cImposte\u201d, alla <span class=\"_ _5\"></span>quale si <span class=\"_ _5\"></span>rimanda<span class=\"_ _7\"></span><span class=\"ff1 ls16\">. <span class=\"ls0\">Al <span class=\"_ _5\"></span>31 dicembre </span></span>2023 <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>voce <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>riferisce <span class=\"_ _e\"> </span>a  q<span class=\"_ _3\"></span>uanto <span class=\"_ _d\"> </span>versato <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>relazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>a<span class=\"ff5\">ll\u2019affrancamento <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ell\u2019operazione <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>cquisizione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _f\"> </span>Con<span class=\"_ _3\"></span> </span>Energia Spa. <div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">366</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 lsb ws0\">2.02.10 <span class=\"ls0\">- Altre i<span class=\"_ _3\"></span>nformazioni </span></div><div class=\"t m0 x1b h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y146d ff8 fsa fc2 sc0 ls0 ws0\">Business combi<span class=\"_ _3\"></span>nation (inform<span class=\"_ _3\"></span>azioni integrati<span class=\"_ _3\"></span>ve) </div><div class=\"t m0 x1b h3 y620 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y9de ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _6\"></span>operazioni <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>aggregazione <span class=\"_ _6\"></span>sono <span class=\"_ _e\"></span>state <span class=\"_ _6\"></span>contabilizzate <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _e\"></span>delle <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>condotte <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>management <span class=\"_ _6\"></span>in </div><div class=\"t m0 x1b h3 y1e8b ff1 fs1 fc1 sc0 ls0 ws0\">relazione alle <span class=\"_ _5\"></span>analisi d<span class=\"_ _5\"></span>i valutazione a<span class=\"_ _5\"></span>l fair <span class=\"_ _5\"></span>value di <span class=\"_ _5\"></span>attivit\u00e0<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>assivit\u00e0 e <span class=\"_ _5\"></span>passivit\u00e0 potenziali, <span class=\"_ _5\"></span>prendendo <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>riferimento le </div><div class=\"t m0 x1b h3 y1e8c ff1 fs1 fc1 sc0 ls0 ws0\">informazioni <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>fatti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>circostanze in <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ssere <span class=\"_ _5\"></span>disponi<span class=\"_ _5\"></span>bili a<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione. <span class=\"_ _7\"></span>Il <span class=\"_ _5\"></span>processo <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>tutte <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>e </div><div class=\"t m0 x1b h3 y17f8 ff1 fs1 fc1 sc0 ls0 ws0\">operazioni \u00e8 terminato al 31 <span class=\"_ _3\"></span>dicembre 2024. </div><div class=\"t m0 x1b h3 y1547 ff1 fs1 fc1 sc0 ls0 ws0\">Nella <span class=\"_ _7\"></span>tabella <span class=\"_ _7\"></span>seguente <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>riportate <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>pa<span class=\"_ _3\"></span>ssivit\u00e0 <span class=\"_ _7\"></span>acquisite <span class=\"_ _7\"></span>n<span class=\"_ _7\"></span>elle <span class=\"_ _7\"></span>operazioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>aggregazione <span class=\"_ _7\"></span>effettuate <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>el </div><div class=\"t m0 x1b h3 y5de ff5 fs1 fc1 sc0 ls0 ws0\">corso dell\u2019esercizi<span class=\"_ _3\"></span>o,<span class=\"_ _5\"></span><span class=\"ff1\"> valutate al<span class=\"_ _3\"></span> loro fair value: </span></div><div class=\"t m0 x1b h3 y1124 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2e6 h94 gsd0a\"><div class=\"t m0 x1a3 h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">TRS ECOLOGY </div><div class=\"t m0 x8c h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SRL </div></div><div class=\"c w32f h94 gsd0b\"><div class=\"t m0 xdb h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">RAMO  </div><div class=\"t m0 xa3 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SOELIA </div></div><div class=\"c w330 h94 gsd0c\"><div class=\"t m0 xa5 h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">TRIVENETA  </div><div class=\"t m0 x9d h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">LUCE SCARL </div></div><div class=\"c w331 h94 gsd0d\"><div class=\"t m0 x53 h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE  </div><div class=\"t m0 x2b h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">MINORI </div></div><div class=\"c w332 h94 gsd0e\"><div class=\"t m0 xe h13 y5e6 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div><div class=\"t m0 xb2 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">BUSINESS </div><div class=\"t m0 x1a h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">COMBINATION </div></div><div class=\"c w32e h3c gsd0f\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti </div></div><div class=\"c w32e h3c gsd10\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Immobili, impianti e m<span class=\"_ _3\"></span>acchinari </div></div><div class=\"c w2e6 h3c gsd11\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,0 </div></div><div class=\"c w32f h3c gsd12\"><div class=\"t m0 x98 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w332 h3c gsd13\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,0 </div></div><div class=\"c w32e h98 gsd14\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Diritti d'uso </div></div><div class=\"c w2e6 h98 gsd15\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,0 </div></div><div class=\"c w332 h98 gsd16\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,0 </div></div><div class=\"c w32e h3c gsd17\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immateriali </div></div><div class=\"c w2e6 h3c gsd18\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">11,5 </div></div><div class=\"c w32f h3c gsd19\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">12,8 </div></div><div class=\"c w330 h3c gsd1a\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w331 h3c gsd1b\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w332 h3c gsd1c\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">25,7 </div></div><div class=\"c w32e h3c gsd1d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre partecipazi<span class=\"_ _3\"></span>oni </div></div><div class=\"c w32f h3c gsd1e\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,3 </div></div><div class=\"c w332 h3c gsd1f\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,3 </div></div><div class=\"c w32e h3c gsd20\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 per imposte differit<span class=\"_ _1\"></span>e </div></div><div class=\"c w2e6 h3c gsd21\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,9 </div></div><div class=\"c w332 h3c gsd22\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,9 </div></div><div class=\"c w32e h3c gsd23\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 correnti </div></div><div class=\"c w32e h3c gsd24\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Rimanenze </div></div><div class=\"c w2e6 h3c gsd25\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w332 h3c gsd26\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w32e h90 gsd27\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti commerci<span class=\"_ _3\"></span>ali </div></div><div class=\"c w2e6 h90 gsd28\"><div class=\"t m0 x99 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w32f h90 gsd29\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w332 h90 gsd2a\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w32e h3c gsd2b\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altre attivit\u00e0 corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w2e6 h3c gsd2c\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,5 </div></div><div class=\"c w330 h3c gsd2d\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w332 h3c gsd2e\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,7 </div></div><div class=\"c w32e h3c gsd2f\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 liquide<span class=\"_ _3\"></span> </div></div><div class=\"c w2e6 h3c gsd30\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w330 h3c gsd31\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w332 h3c gsd32\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w32e h3c gsd33\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w32e h3c gsd34\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie </div></div><div class=\"c w2e6 h3c gsd35\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w332 h3c gsd36\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w32e h3c gsd37\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 per leasi<span class=\"_ _3\"></span>ng </div></div><div class=\"c w2e6 h3c gsd38\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,9) </div></div><div class=\"c w332 h3c gsd39\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,9) </div></div><div class=\"c w32e h3c gsd3a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Benefici ai dipende<span class=\"_ _3\"></span>nti </div></div><div class=\"c w2e6 h3c gsd3b\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w332 h3c gsd3c\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w32e h98 gsd3d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondi </div></div><div class=\"c w2e6 h98 gsd3e\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w32f h98 gsd3f\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2,9) </div></div><div class=\"c w332 h98 gsd40\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(3,9) </div></div><div class=\"c w32e h3c gsd41\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite </div></div><div class=\"c w2e6 h3c gsd42\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(3,8) </div></div><div class=\"c w330 h3c gsd43\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w332 h3c gsd44\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(4,2) </div></div><div class=\"c w32e h3c gsd45\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 corre<span class=\"_ _3\"></span>nti </div></div><div class=\"c w32e h3c gsd46\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 per leasi<span class=\"_ _3\"></span>ng </div></div><div class=\"c w2e6 h3c gsd47\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,8) </div></div><div class=\"c w332 h3c gsd48\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,8) </div></div><div class=\"c w32e h3c gsd49\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti commerciali </div></div><div class=\"c w2e6 h3c gsd4a\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w332 h3c gsd4b\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w32e h90 gsd4c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre passivit\u00e0 corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w2e6 h90 gsd4d\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w32f h90 gsd4e\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,4) </div></div><div class=\"c w332 h90 gsd4f\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2,4) </div></div><div class=\"c w32e h3c gsd50\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0 n<span class=\"_ _3\"></span>ette acquisite </div></div><div class=\"c w2e6 h3c gsd51\"><div class=\"t m0 x8c h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">10,2 </div></div><div class=\"c w32f h3c gsd52\"><div class=\"t m0 x92 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">9,8 </div></div><div class=\"c w330 h3c gsd53\"><div class=\"t m0 x92 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1,3 </div></div><div class=\"c w331 h3c gsd54\"><div class=\"t m0 xb6 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">0,1 </div></div><div class=\"c w332 h3c gsd55\"><div class=\"t m0 xb6 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">21,4 </div></div><div class=\"c w32e h3c gsd56\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fair value corrispettiv<span class=\"_ _3\"></span>o </div></div><div class=\"c w2e6 h3c gsd57\"><div class=\"t m0 x8c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">23,6 </div></div><div class=\"c w32f h3c gsd58\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">9,1 </div></div><div class=\"c w330 h3c gsd59\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w331 h3c gsd5a\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w332 h3c gsd5b\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">34,1 </div></div><div class=\"c w32e h3c gsd5c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fair value intere<span class=\"_ _3\"></span>ssenza posseduta </div></div><div class=\"c w332 h3c gsd5d\"><div class=\"t m0 x91 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w32e h3c gsd5e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Interessenze di minor<span class=\"_ _3\"></span>anza </div></div><div class=\"c w332 h3c gsd5f\"><div class=\"t m0 x91 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w32e h3c gsd60\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Opzioni di vendita <span class=\"_ _3\"></span>soci di minoranza </div></div><div class=\"c w2e6 h3c gsd61\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">10,9 </div></div><div class=\"c w332 h3c gsd62\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">10,9 </div></div><div class=\"c w32e h98 gsd63\"><div class=\"t m0 x0 h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">Totale valore d<span class=\"_ _3\"></span>ell'aggregazione </div></div><div class=\"c w2e6 h98 gsd64\"><div class=\"t m0 x8c h13 y15f1 ff2 fs3 fcb sc0 ls0 ws0\">34,5 </div></div><div class=\"c w32f h98 gsd65\"><div class=\"t m0 x92 h13 y15f1 ff2 fs3 fcb sc0 ls0 ws0\">9,1 </div></div><div class=\"c w330 h98 gsd66\"><div class=\"t m0 x92 h13 y15f1 ff2 fs3 fcb sc0 ls0 ws0\">1,3 </div></div><div class=\"c w331 h98 gsd67\"><div class=\"t m0 xb6 h13 y15f1 ff2 fs3 fcb sc0 ls0 ws0\">0,1 </div></div><div class=\"c w332 h98 gsd68\"><div class=\"t m0 xb6 h13 y15f1 ff2 fs3 fcb sc0 ls0 ws0\">45,0 </div></div><div class=\"c w32e h3c gsd69\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">(Avviamento) / Pr<span class=\"_ _3\"></span>ovento </div></div><div class=\"c w2e6 h3c gsd6a\"><div class=\"t m0 xae h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(24,3) </div></div><div class=\"c w32f h3c gsd6b\"><div class=\"t m0 x92 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">0,7 </div></div><div class=\"c w330 h3c gsd6c\"><div class=\"t m0 x98 h13 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w331 h3c gsd6d\"><div class=\"t m0 x94 h13 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w332 h3c gsd6e\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(23,6)<span class=\"_ _75\"> </span> </div></div><div class=\"c w16 h39 gs26b\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs26c\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs26d\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs26e\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs26f\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs270\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">367<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>processo di<span class=\"_ _5\"></span> valutazione <span class=\"_ _5\"></span>ha comportato <span class=\"_ _5\"></span>le s<span class=\"_ _5\"></span>eguenti rettifiche<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>ai va<span class=\"_ _5\"></span>lori di <span class=\"_ _5\"></span>libro i<span class=\"_ _5\"></span>scritti nel<span class=\"_ _5\"></span> b<span class=\"_ _5\"></span>ilancio <span class=\"ff5\">dell\u2019entit\u00e0 <span class=\"_ _5\"></span>acquisita</span><span class=\"ls1e\">, </span></div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">nonch\u00e9 le seguenti c<span class=\"_ _3\"></span>onsiderazioni in relazi<span class=\"_ _3\"></span>one al corrispettivo tra<span class=\"_ _3\"></span>sferito:<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w32f h61 gsd6f\"><div class=\"t m0 x1a h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">TRS ECOLOGY </div><div class=\"t m0 xb6 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">SRL </div></div><div class=\"c w335 h61 gsd70\"><div class=\"t m0 xdb h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">RAMO  </div><div class=\"t m0 xa3 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">SOELIA </div></div><div class=\"c w32f h61 gsd71\"><div class=\"t m0 xa9 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">TRIVENETA  </div><div class=\"t m0 x9d h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">LUCE SCARL </div></div><div class=\"c w336 h61 gsd72\"><div class=\"t m0 x3 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE  </div><div class=\"t m0 xa3 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">MINORI </div></div><div class=\"c w337 h61 gsd73\"><div class=\"t m0 x16 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div><div class=\"t m0 xa5 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">BUSINESS </div><div class=\"t m0 x182 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">COMBINATION </div></div><div class=\"c w334 h3c gsd74\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Valore contabile atti<span class=\"_ _3\"></span>vit\u00e0 nette acquisite </div></div><div class=\"c w32f h3c gsd75\"><div class=\"t m0 x92 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">2,5 </div></div><div class=\"c w335 h3c gsd76\"><div class=\"t m0 x90 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">11,2 </div></div><div class=\"c w32f h3c gsd77\"><div class=\"t m0 x92 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">0,4 </div></div><div class=\"c w336 h3c gsd78\"><div class=\"t m0 x91 h335 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w337 h3c gsd79\"><div class=\"t m0 x1 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">14,1 </div></div><div class=\"c w334 h90 gsd7a\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Rettifiche per valuta<span class=\"_ _3\"></span>zione al fair valu<span class=\"_ _3\"></span>e </div></div><div class=\"c w334 h3c gsd7b\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immateriali </div></div><div class=\"c w32f h3c gsd7c\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">11,3 </div></div><div class=\"c w335 h3c gsd7d\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w32f h3c gsd7e\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w336 h3c gsd7f\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w337 h3c gsd80\"><div class=\"t m0 x1 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,3 </div></div><div class=\"c w334 h3c gsd81\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Partecipazioni </div></div><div class=\"c w335 h3c gsd82\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,8 </div></div><div class=\"c w337 h3c gsd83\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,8 </div></div><div class=\"c w334 h3c gsd84\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondi </div></div><div class=\"c w335 h3c gsd85\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(2,8) </div></div><div class=\"c w337 h3c gsd86\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(2,8) </div></div><div class=\"c w334 h3c gsd87\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 (passivit\u00e0) p<span class=\"_ _3\"></span>er imposte differite </div></div><div class=\"c w32f h3c gsd88\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(3,6) </div></div><div class=\"c w32f h3c gsd89\"><div class=\"t m0 xb6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w337 h3c gsd8a\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(4,0) </div></div><div class=\"c w334 h3c gsd8b\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Fair value attivit\u00e0 <span class=\"_ _3\"></span>nette acquisite </div></div><div class=\"c w32f h3c gsd8c\"><div class=\"t m0 x90 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">10,2 </div></div><div class=\"c w335 h3c gsd8d\"><div class=\"t m0 x92 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">9,8 </div></div><div class=\"c w32f h3c gsd8e\"><div class=\"t m0 x92 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1,3 </div></div><div class=\"c w336 h3c gsd8f\"><div class=\"t m0 xac h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">0,1 </div></div><div class=\"c w337 h3c gsd90\"><div class=\"t m0 x1 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">21,4 </div></div><div class=\"c w334 h3c gsd91\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Esborso di cass<span class=\"_ _3\"></span>a </div></div><div class=\"c w32f h3c gsd92\"><div class=\"t m0 x90 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">23,6 </div></div><div class=\"c w335 h3c gsd93\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,7 </div></div><div class=\"c w32f h3c gsd94\"><div class=\"t m0 x92 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,0 </div></div><div class=\"c w336 h3c gsd95\"><div class=\"t m0 xac hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w337 h3c gsd96\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">33,4 </div></div><div class=\"c w334 h3c gsd97\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Interessenze di minor<span class=\"_ _3\"></span>anza </div></div><div class=\"c w337 h3c gsd98\"><div class=\"t m0 x93 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w334 h98 gsd99\"><div class=\"t m0 x0 hf yddf ff4 fs3 fc1 sc0 ls0 ws0\">Corrispettivi differit<span class=\"_ _3\"></span>i / potenziali </div></div><div class=\"c w335 h98 gsd9a\"><div class=\"t m0 x92 hf y6af ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w32f h98 gsd9b\"><div class=\"t m0 x92 hf y6af ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w337 h98 gsd9c\"><div class=\"t m0 xb6 hf y6af ff4 fs3 fc10 sc0 ls0 ws0\">0,7 </div></div><div class=\"c w334 h3c gsd9d\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Fair value corri<span class=\"_ _3\"></span>spettivo </div></div><div class=\"c w32f h3c gsd9e\"><div class=\"t m0 x90 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">23,6 </div></div><div class=\"c w335 h3c gsd9f\"><div class=\"t m0 x92 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">9,1 </div></div><div class=\"c w32f h3c gsda0\"><div class=\"t m0 x92 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">1,3 </div></div><div class=\"c w336 h3c gsda1\"><div class=\"t m0 xac h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">0,1 </div></div><div class=\"c w337 h3c gsda2\"><div class=\"t m0 x1 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">34,1 </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h3 y1bc4 ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _d\"> </span>valutazioni <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>fair <span class=\"_ _f\"> </span>value <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>cquisite <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ssunte <span class=\"_ _d\"> </span>identificabili, <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>enuto <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>onto <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>valore </div><div class=\"t m0 x23 h3 y1716 ff1 fs1 fc1 sc0 ls0 ws0\">recuperabile degli as<span class=\"_ _3\"></span>set, hanno portato a identificare q<span class=\"_ _3\"></span>ueste principali rettifi<span class=\"_ _3\"></span>che<span class=\"_ _5\"></span>: </div><div class=\"t m0 x23 h5a y171a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">TRS  Ecology  S<span class=\"_ _3\"></span>rl  <span class=\"ff5\">\u2013</span>  \u00e8  stata <span class=\"_ _f\"> </span>iscritta  una  lista  cli<span class=\"_ _3\"></span>enti  per  <span class=\"lse\">11</span>,3  milioni  di<span class=\"_ _3\"></span>  euro,  q<span class=\"_ _3\"></span>uantificata  sulla <span class=\"_ _f\"> </span>base  delle </span></span></div><div class=\"t m0 x63 h3 y5ca ff1 fs1 fc1 sc0 ls0 ws0\">caratteristiche <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>contesto <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>riferimento, <span class=\"_ _f\"> </span>utilizzando  i<span class=\"_ _3\"></span>l <span class=\"_ _f\"> </span>metodo <span class=\"_ _f\"> </span>dei  flussi <span class=\"_ _d\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>cassa <span class=\"_ _f\"> </span>incrementali <span class=\"_ _f\"> </span>(Meem). <span class=\"_ _f\"> </span>Il </div><div class=\"t m0 x63 h3 y182d ff1 fs1 fc1 sc0 ls0 ws0\">periodo <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>ammortamento, <span class=\"_ _f\"> </span>pari <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span><span class=\"ls10\">12</span> <span class=\"_ _f\"> </span>anni, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>stato <span class=\"_ _f\"> </span>determinato <span class=\"_ _d\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>tasso <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i  a<span class=\"_ _3\"></span>bbandono <span class=\"_ _f\"> </span>definito </div><div class=\"t m0 x63 h3 y15cf ff1 fs1 fc1 sc0 ls0 ws0\">analizzando le serie <span class=\"_ _3\"></span>storiche del fatturato dei<span class=\"_ _3\"></span> clienti<span class=\"_ _5\"></span>; </div><div class=\"t m0 x23 h5a y1e94 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Ramo Soelia<span class=\"ls16\">: </span> </span></span></div><div class=\"t m0 x82 h6c y1e95 ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">in <span class=\"_ _e\"> </span>relazione <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _e\"></span>del <span class=\"_ _d\"> </span>gas <span class=\"_ _d\"> </span>metano <span class=\"_ _e\"></span>nel <span class=\"_ _d\"> </span>comune <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>Argen<span class=\"_ _5\"></span>ta, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"> </span>stata <span class=\"_ _d\"> </span>iscritta <span class=\"_ _e\"> </span>una <span class=\"_ _d\"> </span>rettifica <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span><span class=\"lsf\">l </span></span></span></div><div class=\"t m0 xdc h3 y1614 ff1 fs1 fc1 sc0 ls0 ws0\">valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>libro <span class=\"_ _7\"></span>degli<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>asset <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>cquisiti <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>0,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>valutazione <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _6\"></span>effettuata <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>base<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lle </div><div class=\"t m0 xdc h3 y1e96 ff1 fs1 fc1 sc0 ls0 ws0\">specifiche condizioni di <span class=\"_ _5\"></span>mercato esistenti alla d<span class=\"_ _5\"></span>ata della valutazione e <span class=\"_ _5\"></span>in funzione <span class=\"_ _5\"></span>della capacit\u00e0 di <span class=\"_ _5\"></span>reddito </div><div class=\"t m0 xdc h3 ye48 ff1 fs1 fc1 sc0 ls0 ws0\">corrente <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _e\"></span>ramo <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>fine <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>esprimere <span class=\"_ _e\"></span>un <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _e\"></span>recuperabile<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>flussi <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>reddito <span class=\"_ _6\"></span>prospettici </div><div class=\"t m0 xdc h3 y1e97 ff1 fs1 fc1 sc0 ls0 ws0\">derivanti dal capitale inv<span class=\"_ _3\"></span>estito netto (Rab)<span class=\"ls1e\">, </span>utilizzando il metodo dei discou<span class=\"_ _3\"></span>nted cash flow<span class=\"ls1e\">. </span> </div><div class=\"t m0 xdc h3 y1e98 ff1 fs1 fc1 sc0 ls0 ws0\">Inoltre, sono state iscritte delle passivit\u00e0 pote<span class=\"_ _3\"></span>nziali per 2,8 milioni di euro, in relazione a rischi sia di natura </div><div class=\"t m0 xdc h3 ye4b ff1 fs1 fc1 sc0 ls0 ws0\">regolatoria sia di natura tecnic<span class=\"_ _3\"></span>a correlati ad alcuni asset della do<span class=\"_ _3\"></span>tazione impiantistica acquisiti; </div><div class=\"t m0 x82 h6c yaef ff10 fs1 fc2 sc0 ls0 ws0\">\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">in <span class=\"_ _e\"></span>relazione <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>partecipazione<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>nella <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _6\"></span>Sinergas <span class=\"_ _e\"></span>Spa <span class=\"_ _6\"></span>(pari <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>2,85% <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>capitale <span class=\"_ _6\"></span>sociale) <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stata </span></span></div><div class=\"t m0 xdc h3 y184a ff1 fs1 fc1 sc0 ls0 ws0\">iscritta <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>rettifica <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>valor<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>libro <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>1,8 <span class=\"_ _6\"></span>milio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro. <span class=\"_ _7\"></span>La <span class=\"_ _6\"></span>valutazione <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _7\"></span>effettuata, <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>me <span class=\"_ _7\"></span>da </div><div class=\"t m0 xdc h3 ye4c ff1 fs1 fc1 sc0 ls0 ws0\">prassi <span class=\"_ _5\"></span>consolidata nel <span class=\"_ _5\"></span>caso <span class=\"_ _5\"></span>di soc<span class=\"_ _5\"></span>iet\u00e0 di <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>di commodity <span class=\"_ _5\"></span>energetiche, <span class=\"_ _5\"></span>utilizzando la <span class=\"_ _5\"></span>metodologia <span class=\"_ _5\"></span>dei </div><div class=\"t m0 xdc h3 y1bd7 ff1 fs1 fc1 sc0 ls0 ws0\">multipli di mercato sulla base di transazioni comparabili, determi<span class=\"_ _3\"></span>nando il valore unitario di riferimento della </div><div class=\"t m0 xdc h3 y1e99 ff1 fs1 fc1 sc0 ls0 ws0\">clientela. </div><div class=\"t m0 x23 h5a y114b ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Triveneta <span class=\"_ _8\"> </span>Luce <span class=\"_ _8\"> </span>S<span class=\"_ _3\"></span>carl <span class=\"_ _8\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>tato <span class=\"_ _10\"> </span>iscritto <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>diritto <span class=\"_ _10\"> </span>intangibile <span class=\"_ _8\"> </span>per <span class=\"_ _8\"> </span>1,3 <span class=\"_ _10\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>rel<span class=\"_ _3\"></span>ativamente <span class=\"_ _2\"> </span>alla </span></span></div><div class=\"t m0 x63 h3 y1568 ff1 fs1 fc1 sc0 ls0 ws0\">sottoscrizione di <span class=\"ff5\">un accordo quadro per la gestione e l\u2019efficientamento energetico degli impianti di illuminazione<span class=\"_ _5\"></span></span><span class=\"ls25\">, </span></div><div class=\"t m0 x63 h3 y90e ff1 fs1 fc1 sc0 ls0 ws0\">in seguito all'aggiudicazione da parte della societ\u00e0 acquisita di a<span class=\"_ _3\"></span>lcuni <span class=\"_ _5\"></span>lotti previsti dalle gare Consip. Il periodo di </div><div class=\"t m0 x63 h3 y1569 ff1 fs1 fc1 sc0 ls0 ws0\">ammortamento, <span class=\"_ _e\"> </span>pari <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>9 <span class=\"_ _d\"> </span>anni, <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>stato <span class=\"_ _d\"> </span>determinato <span class=\"_ _e\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>della <span class=\"_ _e\"> </span>durata <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>concessione <span class=\"_ _d\"> </span>che </div><div class=\"t m0 x63 h3 y868 ff5 fs1 fc1 sc0 ls0 ws0\">potranno essere <span class=\"_ _5\"></span>sottoscritti <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>varie <span class=\"_ _5\"></span>amministrazi<span class=\"_ _3\"></span>oni <span class=\"_ _5\"></span>all\u2019interno del <span class=\"_ _5\"></span>contratto <span class=\"_ _5\"></span>quadro, <span class=\"_ _7\"></span><span class=\"ff1\">decorrenti <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di </span></div><div class=\"t m0 x63 h3 y1e9a ff1 fs1 fc1 sc0 ls0 ws0\">avvio del servizio. </div><div class=\"t m0 x23 h3 y67a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y156a ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _10\"> </span>effetti <span class=\"_ _10\"> </span>sopra <span class=\"_ _10\"> </span>rilevati <span class=\"_ _4\"> </span>hanno <span class=\"_ _10\"> </span>comportato<span class=\"_ _5\"></span>, <span class=\"_ _10\"> </span>laddove <span class=\"_ _10\"> </span>previsto, <span class=\"_ _10\"> </span><span class=\"ff5\">l\u2019iscrizi<span class=\"_ _3\"></span>one <span class=\"_ _10\"> </span>di<span class=\"ff1\"> <span class=\"_ _10\"> </span>attivit\u00e0 <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>passivit\u00e0 <span class=\"_ _10\"> </span>fiscali <span class=\"_ _10\"> </span>differite </span></span></div><div class=\"t m0 x23 h3 y1e9b ff5 fs1 fc1 sc0 ls0 ws0\">determinate sulla base<span class=\"_ _3\"></span> dell\u2019aliquota nomin<span class=\"_ _3\"></span>ale applicabile<span class=\"_ _5\"></span><span class=\"ff1\">. </span></div><div class=\"t m0 x23 h3 y156b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y893 ff1 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _e\"></span><span class=\"ff5\">riferimento <span class=\"_ _6\"></span>all\u2019acquisizione <span class=\"_ _6\"> </span>di <span class=\"_ _d\"> </span></span>T<span class=\"ls4c\">RS</span> <span class=\"_ _e\"></span>Ecology <span class=\"_ _e\"></span>Srl <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>stata <span class=\"_ _e\"></span>negoziata <span class=\"_ _6\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>controparte <span class=\"_ _6\"></span>un<span class=\"_ _5\"></span><span class=\"ff5\">\u2019opzion</span>e <span class=\"_ _6\"></span>incrociata <span class=\"_ _e\"></span>di </div><div class=\"t m0 x23 h3 yc5f ff1 fs1 fc1 sc0 ls0 ws0\">acquisto <span class=\"_ _f\"> </span>e <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>endita <span class=\"_ _d\"> </span>dell<span class=\"_ _5\"></span>a <span class=\"_ _f\"> </span>partecipazione <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>minoranza<span class=\"ls16\">. <span class=\"_ _f\"> </span></span>L<span class=\"ff5\">\u2019esist<span class=\"_ _3\"></span>enza <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>tal<span class=\"ff1\">i <span class=\"_ _f\"> </span>diritti <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>capo <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>soci <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>minoranza <span class=\"_ _d\"> </span>h<span class=\"_ _5\"></span>a </span></span></div><div class=\"t m0 x23 h3 y13b2 ff1 fs1 fc1 sc0 ls0 ws0\">comportato la <span class=\"_ _5\"></span>classificazione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>del valore dell<span class=\"_ _5\"></span><span class=\"ls10\">e </span>opzioni <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>bilancio consolidato come debito <span class=\"_ _5\"></span>finanziario, <span class=\"_ _5\"></span>come riportato </div><div class=\"t m0 x23 h3 y156d ff5 fs1 fc1 sc0 ls0 ws0\">alla <span class=\"_ _f\"> </span>nota <span class=\"_ _f\"> </span>19 <span class=\"_ _f\"> </span>\u201cPassivit\u00e0 <span class=\"_ _f\"> </span>finanziarie\u201d.<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>Conformemente<span class=\"ff1\">  alle <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>roprie <span class=\"_ _d\"> </span>policy <span class=\"_ _f\"> </span>contabili, <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>proceduto <span class=\"_ _f\"> </span>a </span></div><div class=\"t m0 x23 h3 yc62 ff1 fs1 fc1 sc0 ls0 ws0\">rappresentare <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _7\"></span>consolidato <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>quote <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>minor<span class=\"_ _3\"></span>anza, <span class=\"_ _7\"></span>considerando <span class=\"_ _6\"></span>quindi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>interamente <span class=\"_ _7\"></span>possedut<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>la </div><div class=\"t m0 x23 h3 y156f ff1 fs1 fc1 sc0 ls0 ws0\">partecipazione. La valutazione <span class=\"_ _3\"></span>dell<span class=\"ff5\">\u2019</span>opzione rilevata in sede di acq<span class=\"_ _3\"></span>uisizione \u00e8 pari a 10,9 milioni di euro.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h3 y1570 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yc65 ff5 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _7\"></span>rifermento <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>acquisizione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>R<span class=\"_ _3\"></span>amo <span class=\"_ _6\"></span>So<span class=\"_ _3\"></span>elia <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Triveneta <span class=\"_ _7\"></span>Luce <span class=\"_ _6\"></span>S<span class=\"_ _5\"></span><span class=\"ff1 ls12\">ca<span class=\"ls0\">rl, <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2024 <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>is<span class=\"_ _3\"></span>critti <span class=\"_ _7\"></span>debiti </span></span></div><div class=\"t m0 x23 h3 y121a ff1 fs1 fc1 sc0 ls0 ws0\">per corrispettivi diffe<span class=\"_ _3\"></span>riti rispettivamente pari a<span class=\"_ _3\"></span> 0,4 milioni di euro <span class=\"_ _3\"></span>e 0,3 milioni di euro.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y1571 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 yc68 ff5 fs1 fc1 sc0 ls0 ws0\">Infine, <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>evidenzia <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>l\u2019operazione <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>quisizio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>TRS <span class=\"_ _5\"></span>Ecology <span class=\"_ _7\"></span>Srl <span class=\"_ _5\"></span>ha <span class=\"_ _7\"></span>comportato <span class=\"_ _5\"></span>l\u2019iscrizione <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>avviamento </div><div class=\"t m0 x23 h3 y1573 ff1 fs1 fc1 sc0 ls0 ws0\">pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>24,3 <span class=\"_ _f\"> </span>milioni <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>uro,  ri<span class=\"_ _3\"></span>conducibile <span class=\"_ _f\"> </span>allo <span class=\"_ _d\"> </span>scopo<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>del<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019acquisizione</span>, <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>permesso <span class=\"_ _f\"> </span><span class=\"ff5\">l\u2019accesso <span class=\"_ _f\"> </span>ad <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>n <span class=\"_ _f\"> </span>nuovo </span></div><div class=\"t m0 x23 h3 y1574 ff5 fs1 fc1 sc0 ls0 ws0\">segmento <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>clientela <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>l\u2019espansione <span class=\"_ _6\"> </span>in <span class=\"_ _6\"> </span>aree <span class=\"_ _e\"> </span>geografiche <span class=\"_ _6\"></span>limitrof<span class=\"_ _3\"></span>e, <span class=\"_ _d\"> </span><span class=\"ff1\">consentendo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ampliare <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>ottimizzare<span class=\"_ _75\"> </span></span><span class=\"ff1\"> </span></div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">368</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019attuale <span class=\"_ _7\"></span>rete <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>impianti <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>gestion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>rifiuti, <span class=\"_ _7\"></span>anche <span class=\"_ _7\"></span>attraverso <span class=\"_ _7\"></span>lo <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>fruttamento <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>importanti <span class=\"_ _7\"></span>sinergie <span class=\"_ _7\"></span>tra <span class=\"_ _6\"></span>le<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">varie piattaforme <span class=\"_ _5\"></span>con gli <span class=\"_ _5\"></span>impianti di <span class=\"_ _5\"></span>smal<span class=\"_ _5\"></span>t<span class=\"ff5\">imento gestiti dal <span class=\"_ _5\"></span>Gruppo. L\u2019operazione di <span class=\"_ _5\"></span>acquisizione del Ra<span class=\"_ _5\"></span>mo Soelia ha </span></div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">invece comportato la ri<span class=\"_ _3\"></span>levazione un provento d<span class=\"_ _3\"></span>a aggregazione pari a 0,7 milioni di euro. </div><div class=\"t m0 x1b h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y176 ff5 fs1 fc1 sc0 ls0 ws0\">Nella <span class=\"_ _d\"> </span>nota <span class=\"_ _f\"> </span>28 <span class=\"_ _f\"> </span>\u201cFlussi <span class=\"_ _d\"> </span>monetari <span class=\"_ _d\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>investimento\u201d <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>presente <span class=\"_ _d\"> </span>l\u2019analisi <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>flussi <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>cassa <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>onnessi <span class=\"_ _d\"> </span>alle </div><div class=\"t m0 x1b h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\">operazioni di aggreg<span class=\"_ _3\"></span>azione descritte. </div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y4f2 ff8 fsa fc2 sc0 ls0 ws0\">Modifiche ai p<span class=\"_ _3\"></span>rincipi contabili<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y480 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y1e9c ff3 fs12 fc2 sc0 ls0 ws0\">Principi contabi<span class=\"_ _3\"></span>li, emendamen<span class=\"_ _3\"></span>ti e interpretazi<span class=\"_ _3\"></span>oni applicati dal 1\u00b0 gen<span class=\"_ _3\"></span>naio 2024 </div><div class=\"t m0 x1b h3 y1233 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y109a ff1 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _22\"> </span>riferimento<span class=\"_ _3\"></span> <span class=\"_ _22\"> </span>agli <span class=\"_ _c\"> </span>a<span class=\"_ _5\"></span>mbiti <span class=\"_ _c\"> </span>rilevanti <span class=\"_ _c\"> </span>per <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>Gruppo, <span class=\"_ _c\"> </span>a <span class=\"_ _22\"> </span>partire <span class=\"_ _c\"> </span>dal <span class=\"_ _22\"> </span>1\u00b0 <span class=\"_ _22\"> </span>gennaio <span class=\"_ _c\"> </span>2024 <span class=\"_ _22\"> </span>risultano <span class=\"_ _c\"> </span>applicabili </div><div class=\"t m0 x1b h43 y55 ff5 fs1 fc1 sc0 ls0 ws0\">obbligatoriamente<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>seguenti <span class=\"_ _6\"></span>principi <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontabili <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>modifiche <span class=\"_ _7\"></span>di <span class=\"_ _6\"> </span>principi <span class=\"_ _6\"></span>contabili <span class=\"_ _6\"></span>emanati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dall\u2019International <span class=\"_ _6\"></span>acco<span class=\"_ _3\"></span>unting </div><div class=\"t m0 x1b h3 y1e9d ff5 fs1 fc1 sc0 ls0 ws0\">standards board (Iasb)<span class=\"_ _3\"></span> e recepiti dall\u2019Unione <span class=\"_ _3\"></span>europea tramite Re<span class=\"_ _3\"></span>golamento comunitario:<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y109c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y109d ff3 fs1 fc1 sc0 ls0 ws0\">M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _d\"> </span>all<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>Ias<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>1<span class=\"ff1\"> <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013</span>  Presentazione <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>bilancio: <span class=\"_ _f\"> </span>classificazione <span class=\"_ _d\"> </span>delle  passi<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>correnti  o <span class=\"_ _d\"> </span>non<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>correnti. </span></div><div class=\"t m0 x1b h3 y1d2d ff1 fs1 fc1 sc0 ls0 ws0\">Documento <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>messo <span class=\"_ _e\"> </span>dallo <span class=\"_ _d\"> </span>Iasb <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>data <span class=\"_ _d\"> </span>23 <span class=\"_ _d\"> </span>gennaio <span class=\"_ _d\"> </span>2020 <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>aggiornato <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>data <span class=\"_ _e\"> </span>15 <span class=\"_ _f\"> </span>luglio <span class=\"_ _e\"> </span>2020, <span class=\"_ _d\"> </span>applicabile <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>1\u00b0 </div><div class=\"t m0 x1b h3 yef5 ff1 fs1 fc1 sc0 ls0 ws0\">gennaio <span class=\"_ _4\"> </span>2024 <span class=\"_ _4\"> </span>con <span class=\"_ _10\"> </span>ap<span class=\"_ _3\"></span>plicazione <span class=\"_ _4\"> </span>anticipata <span class=\"_ _4\"> </span>consentita. <span class=\"_ _4\"> </span>Le <span class=\"_ _4\"> </span>modifiche <span class=\"_ _4\"> </span>chiariscono <span class=\"_ _4\"> </span>i <span class=\"_ _10\"> </span>requi<span class=\"_ _3\"></span>siti <span class=\"_ _4\"> </span>da<span class=\"_ _5\"></span>  considerare <span class=\"_ _4\"> </span>per </div><div class=\"t m0 x1b h3 y109f ff1 fs1 fc1 sc0 ls0 ws0\">determinare <span class=\"_ _6\"></span>se, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>prospetto <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>situazion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di </div><div class=\"t m0 x1b h3 y1e9e ff1 fs1 fc1 sc0 ls0 ws0\">regolamento <span class=\"_ _6\"></span>incerta <span class=\"_ _6\"></span>debbano <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>classificati <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>correnti <span class=\"_ _6\"></span>o<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>correnti <span class=\"_ _e\"></span>(inclusi <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>estinguibili <span class=\"_ _6\"></span>mediante </div><div class=\"t m0 x1b h3 y10a1 ff1 fs1 fc1 sc0 ls0 ws0\">conversione in strume<span class=\"_ _3\"></span>nti di capitale). </div><div class=\"t m0 x1b h3 y10a2 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1e9f ff10 fs1 fc1 sc0 ls0 ws0\">M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e al<span class=\"_ _3\"></span>l\u2019<span class=\"_ _1\"></span>Ifr<span class=\"_ _1\"></span>s 16<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _5\"></span>Passivit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>leasing in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>operazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>retrolocazion<span class=\"_ _3\"></span>e. <span class=\"_ _5\"></span>Documento e<span class=\"_ _5\"></span>messo dallo </span></div><div class=\"t m0 x1b h3 y10a3 ff1 fs1 fc1 sc0 ls0 ws0\">Iasb in data 22 settembre 2022, applicabile dal 1\u00b0 genn<span class=\"_ _3\"></span>aio 2024 con applicazione anticip<span class=\"_ _3\"></span>ata consentita. Le modifiche </div><div class=\"t m0 x1b h3 y10a4 ff1 fs1 fc1 sc0 ls0 ws0\">prevedono che, nella valutazione dell<span class=\"_ _3\"></span>e passivit\u00e0 per leasing in un'operazione di vendit<span class=\"_ _3\"></span>a e retrolocazione, il venditore<span class=\"_ _7\"></span>-<span class=\"_ _75\"> </span></div><div class=\"t m0 x1b h3 y1ea0 ff1 fs1 fc1 sc0 ls0 ws0\">locatario <span class=\"_ _6\"></span>determi<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>canoni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>leasing <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>modo <span class=\"_ _6\"></span>tale <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>rilevare<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>alcun <span class=\"_ _6\"></span>im<span class=\"_ _3\"></span>porto <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>u<span class=\"_ _5\"></span>tile <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>perdita <span class=\"_ _6\"></span>riferito <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>diritto </div><div class=\"t m0 x1b h3 y10a5 ff1 fs1 fc1 sc0 ls0 ws0\">d'uso trattenuto. </div><div class=\"t m0 x1b h3 y10a6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y1ea1 ff3 fs1 fc1 sc0 ls0 ws0\">M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>all<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>Ia<span class=\"_ _3\"></span>s <span class=\"_ _5\"></span>1<span class=\"ff1\"> <span class=\"_ _7\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _6\"></span>Pr<span class=\"_ _3\"></span>esentazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>bil<span class=\"_ _3\"></span>ancio: <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>assivit\u00e0 <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrenti <span class=\"_ _7\"></span>soggette <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>covenant. <span class=\"_ _7\"></span>Documento <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>messo<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 yaec ff1 fs1 fc1 sc0 ls0 ws0\">dallo <span class=\"_ _f\"> </span>Iasb <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>data <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>ottobre <span class=\"_ _d\"> </span>2<span class=\"_ _5\"></span>022, <span class=\"_ _d\"> </span>applicabile <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>1\u00b0 <span class=\"_ _f\"> </span>gennaio <span class=\"_ _d\"> </span>2024 <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>applicazione <span class=\"_ _d\"> </span>anticipata <span class=\"_ _f\"> </span>consentita. <span class=\"_ _d\"> </span>Le </div><div class=\"t m0 x1b h3 y10a7 ff1 fs1 fc1 sc0 ls0 ws0\">modifiche <span class=\"_ _6\"></span>mirano <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>migli<span class=\"_ _3\"></span>orare <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>informazioni <span class=\"_ _6\"></span>for<span class=\"_ _3\"></span>nite <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>un'entit\u00e0 <span class=\"_ _6\"></span>quando <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>diri<span class=\"_ _3\"></span>tto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>differire <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>regolamen<span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>una </div><div class=\"t m0 x1b h3 y1ea2 ff1 fs1 fc1 sc0 ls0 ws0\">passivit\u00e0 per almeno d<span class=\"_ _3\"></span>odici mesi \u00e8 subordinato<span class=\"_ _3\"></span> al rispetto di det<span class=\"_ _3\"></span>erminati parametri.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y10a9 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y14d8 ff3 fs1 fc1 sc0 ls0 ws0\">M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e a<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>o I<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span> 7<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"ff5\">\u2013</span> <span class=\"_ _5\"></span>Rendiconto finanziario e <span class=\"_ _5\"></span><span class=\"ff10\">al<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>\u2019I<span class=\"_ _3\"></span>fr<span class=\"_ _1\"></span>s 7<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"ff5\">\u2013</span> <span class=\"_ _5\"></span>Strumenti finanziari: accordi di finanziamento con i <span class=\"_ _5\"></span>fornitori </span></span></span></div><div class=\"t m0 x1b h3 y39c ff1 fs1 fc1 sc0 ls0 ws0\">e <span class=\"_ _d\"> </span>informazioni <span class=\"_ _e\"> </span>nel<span class=\"_ _5\"></span>le <span class=\"_ _e\"> </span>note <span class=\"_ _d\"> </span>esplicative. <span class=\"_ _d\"> </span>Documento <span class=\"_ _e\"> </span>emesso <span class=\"_ _d\"> </span>dallo <span class=\"_ _d\"> </span>Iasb <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>n <span class=\"_ _e\"> </span>data <span class=\"_ _d\"> </span>25 <span class=\"_ _d\"> </span>maggio <span class=\"_ _d\"> </span>2023, <span class=\"_ _d\"> </span>applicabile <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>1\u00b0 </div><div class=\"t m0 x1b h43 y1648 ff5 fs1 fc1 sc0 ls0 ws0\">gennaio <span class=\"_ _d\"> </span>2024 <span class=\"_ _d\"> </span>con <span class=\"_ _f\"> </span>applicazion<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>anticipata <span class=\"_ _d\"> </span>consentita. <span class=\"_ _d\"> </span>Le <span class=\"_ _f\"> </span>modifiche <span class=\"_ _e\"> </span>ri<span class=\"_ _5\"></span>chiedono <span class=\"_ _e\"> </span>a <span class=\"_ _f\"> </span>un\u2019entit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>fornire <span class=\"_ _f\"> </span>inform<span class=\"_ _3\"></span>azioni </div><div class=\"t m0 x1b h3 y1649 ff1 fs1 fc1 sc0 ls0 ws0\">aggiuntive <span class=\"_ _7\"></span>sugli <span class=\"_ _7\"></span>accordi <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>everse <span class=\"_ _7\"></span>factoring <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>perm<span class=\"_ _3\"></span>ettano <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>ut<span class=\"_ _5\"></span>ilizzatori<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>bilancio <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valutar<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>n <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>mod<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>gli </div><div class=\"t m0 x1b h43 y5d4 ff5 fs1 fc1 sc0 ls0 ws0\">accordi <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>inanziari <span class=\"_ _e\"> </span>con <span class=\"_ _d\"> </span>i <span class=\"_ _e\"> </span>fornitori <span class=\"_ _d\"> </span>possano <span class=\"_ _d\"> </span>influenzare <span class=\"_ _e\"> </span>le <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>finanziari <span class=\"_ _e\"> </span>dell\u2019entit\u00e0 <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>comprendere </div><div class=\"t m0 x1b h3 yfc1 ff5 fs1 fc1 sc0 ls0 ws0\">l'effetto di tali accordi <span class=\"_ _3\"></span>sull\u2019esposizione dell\u2019<span class=\"_ _3\"></span>entit\u00e0 al rischio di liq<span class=\"_ _3\"></span>uidit\u00e0.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y164b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1ba9 ff1 fs1 fc1 sc0 ls0 ws0\">Le modifiche chiariscono, correggono o rimuovono diciture o formulazioni ridondanti o conf<span class=\"_ _5\"></span>littual<span class=\"_ _3\"></span>i nel t<span class=\"_ _5\"></span>esto dei relativi </div><div class=\"t m0 x1b h3 y3f7 ff1 fs1 fc1 sc0 ls0 ws0\">principi. </div><div class=\"t m0 x1b h3 y164d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y1ea3 ff5 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _6\"></span>riferiment<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>all\u2019applicazione <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>ali <span class=\"_ _6\"></span>modifich<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>nuove <span class=\"_ _7\"></span>interpretazioni, <span class=\"_ _6\"></span>non <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>rilevati <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>sul <span class=\"_ _7\"></span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _7\"></span>del </div><div class=\"t m0 x1b h3 y164f ff1 fs1 fc1 sc0 ls0 ws0\">Gruppo. </div><div class=\"t m0 x1b h3 y1650 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y1292 ff10 fs12 fc2 sc0 ls0 ws0\">Principi <span class=\"_ _5\"></span>contabili<span class=\"_ _3\"></span>, <span class=\"_ _5\"></span>emendamenti e <span class=\"_ _5\"></span>interpretazioni <span class=\"_ _5\"></span>omologati dall\u2019Unione <span class=\"_ _5\"></span><span class=\"ff3\">europea <span class=\"_ _5\"></span>ma </span></div><div class=\"t m0 x1b h122 y10af ff3 fs12 fc2 sc0 ls0 ws0\">non ancora appl<span class=\"_ _3\"></span>icabili e non ado<span class=\"_ _3\"></span>ttati in via<span class=\"_ _3\"></span> anticipata<span class=\"_ _3\"></span> dal Gruppo </div><div class=\"t m0 x1b h3 y160b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1dc6 ff1 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _8\"> </span>riferimento<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>agli <span class=\"_ _8\"> </span>ambiti <span class=\"_ _10\"> </span>rilevanti <span class=\"_ _8\"> </span>per <span class=\"_ _8\"> </span>il <span class=\"_ _10\"> </span>Gruppo, <span class=\"_ _8\"> </span>a <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>artire <span class=\"_ _10\"> </span>dal <span class=\"_ _8\"> </span>prossimo <span class=\"_ _8\"> </span>esercizio<span class=\"_ _3\"></span>, <span class=\"_ _8\"> </span>risulterann<span class=\"_ _3\"></span>o <span class=\"_ _8\"> </span>applicabili </div><div class=\"t m0 x1b h3 y160c ff1 fs1 fc1 sc0 ls0 ws0\">obbligatoriamente <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>se<span class=\"_ _5\"></span>guenti <span class=\"_ _d\"> </span>modifiche <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>principi <span class=\"_ _f\"> </span>contabili, <span class=\"_ _f\"> </span>essendosi <span class=\"_ _f\"> </span>gi\u00e0 <span class=\"_ _f\"> </span>concluso <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>processo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>endorsment </div><div class=\"t m0 x1b h3 y160d ff1 fs1 fc1 sc0 ls0 ws0\">comunitario: </div><div class=\"t m0 x1b h6c y33f ff3 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y340 ff3 fs1 fc1 sc0 ls0 ws0\">M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al<span class=\"_ _1\"></span>lo <span class=\"_ _5\"></span>Ia<span class=\"_ _1\"></span>s <span class=\"_ _5\"></span>21<span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span>Effetti <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>variazioni <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>cambi <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>valute <span class=\"_ _7\"></span>estere: <span class=\"_ _5\"></span>mancanza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>convertibilit\u00e0. <span class=\"_ _7\"></span>Documento </span></div><div class=\"t m0 x1b h3 y5b2 ff1 fs1 fc1 sc0 ls0 ws0\">emesso <span class=\"_ _5\"></span>dallo <span class=\"_ _5\"></span>Iasb <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>15 <span class=\"_ _5\"></span>agosto <span class=\"_ _5\"></span>2023 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>applicabile d<span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>gennaio 2025 <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>applicazione anticipata <span class=\"_ _5\"></span>consentita. </div><div class=\"t m0 x1b h43 y342 ff5 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _7\"></span>modifiche <span class=\"_ _5\"></span>richiedono <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>un\u2019entit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>pplicare <span class=\"_ _5\"></span>una <span class=\"_ _7\"></span>metodologi<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>maniera <span class=\"_ _5\"></span>coerente <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>tempo <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>verificare<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h43 y343 ff5 fs1 fc1 sc0 ls0 ws0\">se <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>valuta <span class=\"_ _5\"></span>possa <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>convertita <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un\u2019altra <span class=\"_ _5\"></span>e, <span class=\"_ _5\"></span>quando <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>possibile, <span class=\"_ _5\"></span>definire <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>modalit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>determinazione </div><div class=\"t m0 x1b h3 yabd ff5 fs1 fc1 sc0 ls0 ws0\">del cambio da utili<span class=\"_ _3\"></span>zzare e l\u2019informativa da <span class=\"_ _3\"></span>riportare nelle not<span class=\"_ _3\"></span>e esplicative.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y345 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y346 ff1 fs1 fc1 sc0 ls0 ws0\">Le modifiche chiariscono, correggono o rimuovono diciture o formulazioni ridondanti o conf<span class=\"_ _5\"></span>littual<span class=\"_ _3\"></span>i nel t<span class=\"_ _5\"></span>esto dei relativi </div><div class=\"t m0 x1b h3 y838 ff1 fs1 fc1 sc0 ls0 ws0\">principi.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 y1ea4 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">369<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Al <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>amministratori <span class=\"_ _6\"></span>stanno <span class=\"_ _6\"></span>valutando <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>possibili <span class=\"_ _6\"></span>effetti <span class=\"_ _d\"> </span><span class=\"ff5\">dell\u2019introduzione <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>queste <span class=\"_ _6\"></span>modifiche <span class=\"_ _6\"></span>sul <span class=\"_ _6\"></span>bilancio </span></div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">consolidato del Gruppo<span class=\"_ _3\"></span>. </div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h379 y14db ff10 fs12 fc2 sc0 ls0 ws0\">Principi <span class=\"_ _7\"></span>contabili, <span class=\"_ _5\"></span>emendamenti <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nterpretaz<span class=\"_ _3\"></span>ioni <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>omologati <span class=\"_ _5\"></span>dall\u2019Unione </div><div class=\"t m0 x23 h122 y122e ff3 fs12 fc2 sc0 ls0 ws0\">europea </div><div class=\"t m0 x23 h3 y1c68 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y1ea5 ff5 fs1 fc1 sc0 ls0 ws0\">Sono <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>recepimento <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ompetenti <span class=\"_ _5\"></span>organi <span class=\"_ _5\"></span>dell\u2019Unione <span class=\"_ _5\"></span>europea <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>seguenti <span class=\"_ _7\"></span>principi, a<span class=\"_ _5\"></span>ggiornament<span class=\"_ _3\"></span>i </div><div class=\"t m0 x23 h3 y1ea6 ff1 fs1 fc1 sc0 ls0 ws0\">ed emendamenti dei pr<span class=\"_ _3\"></span>incipi Ifrs (gi\u00e0 approv<span class=\"_ _3\"></span>ati dallo Iasb) rileva<span class=\"_ _3\"></span>nti per il Gruppo:<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h6c y1ea7 ff3 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c yf7f ff3 fs1 fc1 sc0 ls0 ws0\">If<span class=\"_ _1\"></span>rs 18<span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span>Presentazio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>informativa <span class=\"_ _5\"></span>nei <span class=\"_ _7\"></span>bilanci. <span class=\"_ _5\"></span>Principio <span class=\"_ _7\"></span>emesso <span class=\"_ _5\"></span>dallo <span class=\"_ _5\"></span>Iasb <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>data <span class=\"_ _5\"></span>9 <span class=\"_ _7\"></span>aprile <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>applicabile <span class=\"_ _5\"></span>dal </span></div><div class=\"t m0 x23 h43 y1ea8 ff5 fs1 fc1 sc0 ls0 ws0\">1\u00b0 <span class=\"_ _5\"></span>gennaio 2<span class=\"_ _5\"></span>027 <span class=\"_ _5\"></span>con applicazione <span class=\"_ _5\"></span>anticipata <span class=\"_ _5\"></span>consentita. Il <span class=\"_ _5\"></span>nuovo <span class=\"_ _5\"></span>principio, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>sostituir\u00e0 <span class=\"_ _5\"></span>lo I<span class=\"_ _5\"></span>as 1<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>\u201cPresentazion<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>del </div><div class=\"t m0 x23 h43 y8f6 ff5 fs1 fc1 sc0 ls0 ws0\">bilancio\u201d, <span class=\"_ _e\"> </span>migliora <span class=\"_ _e\"> </span>l\u2019informativa <span class=\"_ _e\"> </span>sulla <span class=\"_ _e\"> </span>performance <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>ziendale <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>termini <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>comparabilit\u00e0, <span class=\"_ _e\"> </span>trasparenza <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>ut<span class=\"_ _5\"></span>ilit\u00e0 <span class=\"_ _6\"> </span>delle </div><div class=\"t m0 x23 h3 y1ea9 ff1 fs1 fc1 sc0 ls0 ws0\">informazioni pubblicate e i<span class=\"_ _3\"></span>ntroduce cambiamenti sostanziali nel<span class=\"_ _3\"></span>la struttura del bilancio con particolare rife<span class=\"_ _3\"></span>rimento a<span class=\"_ _7\"></span>gli </div><div class=\"t m0 x23 h3 y1bf2 ff1 fs1 fc1 sc0 ls0 ws0\">schemi di conto economic<span class=\"_ _3\"></span>o e, in maniera pi\u00f9 limita<span class=\"_ _3\"></span>ta, di rendiconto finanziar<span class=\"_ _3\"></span>io. In particolare:<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a y1eaa ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">vengono riviste <span class=\"_ _5\"></span>alcune classificazioni di <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>e costi, <span class=\"_ _7\"></span>introducendo <span class=\"_ _5\"></span>la distinzione <span class=\"_ _5\"></span>tra sezione <span class=\"_ _5\"></span>operativa, sezione </span></span></div><div class=\"t m0 x63 h3 yb29 ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _d\"> </span>investimento <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>sezione <span class=\"_ _d\"> </span>finanziaria, <span class=\"_ _d\"> </span>oltre <span class=\"_ _d\"> </span>alla <span class=\"_ _f\"> </span>conferm<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>gi\u00e0 <span class=\"_ _d\"> </span>presenti <span class=\"_ _d\"> </span>categori<span class=\"_ _7\"></span>e <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>imposte <span class=\"_ _e\"> </span>e <span class=\"_ _f\"> </span>delle </div><div class=\"t m0 x63 h3 y11ba ff1 fs1 fc1 sc0 ls0 ws0\">attivit\u00e0 cessate; </div><div class=\"t m0 x23 h5a y1bc2 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">vengono <span class=\"_ _e\"></span>introdotti <span class=\"_ _6\"></span>due <span class=\"_ _e\"></span>nuovi <span class=\"_ _e\"></span>sub<span class=\"_ _5\"></span>-totali <span class=\"_ _e\"></span>(risultato <span class=\"_ _6\"></span>operativo <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>risultato <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>rima <span class=\"_ _6\"></span>della <span class=\"_ _d\"> </span>gestion<span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>finanziaria <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>delle </span></span></div><div class=\"t m0 x63 h3 y1475 ff1 fs1 fc1 sc0 ls0 ws0\">imposte sul reddito); </div><div class=\"t m0 x23 h5a y6f3 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">viene <span class=\"_ _d\"> </span>richiesto <span class=\"_ _f\"> </span>l\u2019utilizzo <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>risultato <span class=\"_ _d\"> </span>operativo <span class=\"_ _f\"> </span>come <span class=\"_ _d\"> </span>punto <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>partenza <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>presentazione <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>rendiconto </span></span></div><div class=\"t m0 x63 h3 y3e5 ff1 fs1 fc1 sc0 ls0 ws0\">finanziario predispos<span class=\"_ _3\"></span>to con il metodo indire<span class=\"_ _3\"></span>tto;<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a y1b57 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">viene <span class=\"_ _e\"> </span>prevista <span class=\"_ _e\"> </span>l\u2019eliminazione <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>alcune <span class=\"_ _e\"> </span>opzioni <span class=\"_ _e\"> </span>alternative <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>classificazione <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>voci <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>rendiconto <span class=\"_ _e\"> </span>finanziario </span></span></div><div class=\"t m0 x63 h3 y1c4f ff1 fs1 fc1 sc0 ls0 ws0\">attualmente ammesse, c<span class=\"_ _3\"></span>ome gli inte<span class=\"ls13\">re<span class=\"_ _5\"></span></span>ssi e i dividendi incass<span class=\"_ _3\"></span>ati e pagati.  </div><div class=\"t m0 x23 h3 y1b59 ff1 fs1 fc1 sc0 ls0 ws0\">Le entit\u00e0, inoltre, sono <span class=\"_ _5\"></span>chiamate a identificare e dare <span class=\"_ _5\"></span>informativa sugli indicatori di performance non previsti dagli Ifrs </div><div class=\"t m0 x23 h3 yd15 ff1 fs1 fc1 sc0 ls0 ws0\">utilizzati dal management per commenta<span class=\"_ _3\"></span>re gli andamenti economici e finanziari, giustificandoli<span class=\"_ _3\"></span> e riconciliandoli con le </div><div class=\"t m0 x23 h3 y1c51 ff1 fs1 fc1 sc0 ls0 ws0\">voci degli schemi <span class=\"_ _3\"></span>previste dai principi contabili i<span class=\"_ _3\"></span>nternazionali. </div><div class=\"t m0 x23 h43 y9e0 ff5 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _7\"></span>principio, <span class=\"_ _7\"></span>infine, <span class=\"_ _7\"></span>introduce <span class=\"_ _7\"></span>nuovi <span class=\"_ _7\"></span>criteri <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>\u2019aggregazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>disa<span class=\"_ _5\"></span>ggreg<span class=\"_ _3\"></span>azione <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>informazioni <span class=\"_ _7\"></span>all\u2019interno <span class=\"_ _7\"></span>delle </div><div class=\"t m0 x23 h3 y1e95 ff1 fs1 fc1 sc0 ls0 ws0\">note di commento. </div><div class=\"t m0 x23 h3 y1eab ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1e96 ff10 fs1 fc1 sc0 ls0 ws0\">M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>l\u2019I<span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>9 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>a<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>\u2019If<span class=\"_ _1\"></span>rs <span class=\"_ _6\"></span>7<span class=\"_ _1\"></span><span class=\"ff1\"> <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _e\"> </span>Modifiche <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>classificazione <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>misurazione <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"></span>finanziari. <span class=\"_ _6\"></span>Principio </span></div><div class=\"t m0 x23 h3 ye48 ff1 fs1 fc1 sc0 ls0 ws0\">emesso dallo <span class=\"_ _5\"></span>Iasb in<span class=\"_ _5\"></span> data <span class=\"_ _5\"></span>30 <span class=\"_ _5\"></span>maggio 2024 e <span class=\"_ _5\"></span>applicabile dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>gennaio 2026 <span class=\"_ _5\"></span>con applicazione a<span class=\"_ _5\"></span>nticipata consentita.<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 ye49 ff1 fs1 fc1 sc0 ls0 ws0\">Le modifiche riguard<span class=\"_ _3\"></span>ano in particolare: </div><div class=\"t m0 x23 h5a yf2e ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">l\u2019eliminazione <span class=\"_ _6\"></span>contabile <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _e\"> </span>finanziar<span class=\"_ _3\"></span>ia <span class=\"_ _6\"> </span>attraverso <span class=\"_ _6\"> </span>siste<span class=\"_ _5\"></span>mi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>pagamento <span class=\"_ _6\"></span>elettronici. <span class=\"_ _d\"> </span><span class=\"ff1\">Viene <span class=\"_ _6\"></span>chiarito </span></span></span></div><div class=\"t m0 x63 h3 y1535 ff1 fs1 fc1 sc0 ls0 ws0\">che <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>data <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>regolamento <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>una <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ramite <span class=\"_ _e\"> </span>pagamenti <span class=\"_ _d\"> </span>elettronici <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>quella <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _d\"> </span>risulta </div><div class=\"t m0 x63 h3 y1566 ff1 fs1 fc1 sc0 ls0 ws0\">estinta. <span class=\"ff5\">In <span class=\"_ _5\"></span>presenza di alcuni <span class=\"_ _5\"></span>criteri specifici l\u2019eliminazione contabile pu\u00f2 <span class=\"_ _7\"></span></span>co<span class=\"_ _5\"></span>munque essere rilevata <span class=\"_ _5\"></span>anche prima </div><div class=\"t m0 x63 h3 y16a7 ff1 fs1 fc1 sc0 ls0 ws0\">della consegna di liq<span class=\"_ _3\"></span>uidit\u00e0 alla data di regolamento; </div><div class=\"t m0 x23 h5a y39e ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">la <span class=\"_ _6\"></span>classificazione <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>alcune <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>fina<span class=\"_ _3\"></span>nziarie, <span class=\"_ _6\"></span>comprese <span class=\"_ _6\"></span>quelle<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>caratteristiche <span class=\"_ _7\"></span>legate <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fattori <span class=\"_ _6\"></span>ambi<span class=\"_ _3\"></span>entali, </span></span></div><div class=\"t m0 x63 h43 y39f ff5 fs1 fc1 sc0 ls0 ws0\">sociali <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>governance <span class=\"_ _6\"></span>azienda<span class=\"_ _3\"></span>le <span class=\"_ _6\"></span>(Esg), <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>pot<span class=\"_ _3\"></span>rebbero <span class=\"_ _7\"></span>ora <span class=\"_ _6\"></span>soddisfare <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>criteri<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>previsto <span class=\"_ _7\"></span>dall\u2019Ifrs <span class=\"_ _7\"></span>9 <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>Solely </div><div class=\"t m0 x63 h3 y3a0 ff1 fs1 fc1 sc0 ls0 ws0\">payments <span class=\"_ _7\"></span>for <span class=\"_ _6\"></span>princ<span class=\"_ _3\"></span>iple <span class=\"_ _6\"></span>an<span class=\"_ _3\"></span>d <span class=\"_ _7\"></span>interest <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span>Sppi), <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>ndizione <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>loro <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>cas<span class=\"_ _3\"></span>sa <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>on <span class=\"_ _7\"></span>siano <span class=\"_ _7\"></span>significativamente </div><div class=\"t m0 x63 h3 y3a1 ff1 fs1 fc1 sc0 ls0 ws0\">diversi da quelli di un<span class=\"_ _3\"></span>'attivit\u00e0 finanziaria i<span class=\"_ _3\"></span>dentica priva di tale cara<span class=\"_ _3\"></span>tteristica;<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a y890 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">l\u2019informativa <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>bilancio <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>relazione <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>investimenti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>tecipazioni valutate <span class=\"_ _7\"></span>irrevocabilmen<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>con </span></span></div><div class=\"t m0 x63 h43 y14b0 ff5 fs1 fc1 sc0 ls0 ws0\">contropartita <span class=\"_ _6\"> </span>il <span class=\"_ _e\"> </span>conto <span class=\"_ _6\"> </span>economico <span class=\"_ _6\"> </span>comp<span class=\"_ _5\"></span>lessivo,<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>le <span class=\"_ _6\"></span>quali <span class=\"_ _e\"> </span>viene <span class=\"_ _6\"> </span>richiesta <span class=\"_ _e\"> </span>l\u2019indicazione <span class=\"_ _6\"></span>distinta <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>proventi <span class=\"_ _6\"></span>e </div><div class=\"t m0 x63 h3 yc99 ff1 fs1 fc1 sc0 ls0 ws0\">oneri del periodo r<span class=\"_ _3\"></span>ealizzati per l<span class=\"ff5\">\u2019eventuale</span> cessione di attivit\u00e0 d<span class=\"_ _3\"></span>a quelli derivanti dal<span class=\"_ _3\"></span>la valutazione di fine p<span class=\"_ _3\"></span>eriodo<span class=\"_ _5\"></span>. </div><div class=\"t m0 x23 h3 yb4a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y14b1 ff1 fs1 fc1 sc0 ls0 ws0\">In <span class=\"_ _5\"></span>data <span class=\"_ _7\"></span>18 <span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>glio <span class=\"_ _5\"></span><span class=\"ff5\">2024 <span class=\"_ _5\"></span>lo <span class=\"_ _7\"></span>Iasb <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ubblicato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>documento <span class=\"_ _5\"></span>\u201cMiglioramenti <span class=\"_ _5\"></span>annuali <span class=\"_ _5\"></span>agli <span class=\"_ _7\"></span>International f<span class=\"_ _5\"></span>inancial <span class=\"_ _5\"></span>reporting<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y1291 ff1 fs1 fc1 sc0 ls0 ws0\">standard <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span><span class=\"ff5\">Volume <span class=\"_ _d\"> </span>11\u201d. <span class=\"_ _f\"> </span>Tali <span class=\"_ _f\"> </span>miglioram<span class=\"_ _3\"></span>enti <span class=\"_ _f\"> </span>comprendono <span class=\"_ _d\"> </span>otto <span class=\"_ _f\"> </span>modifiche <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>cinque <span class=\"_ _f\"> </span>principi <span class=\"_ _d\"> </span>contabili <span class=\"_ _f\"> </span>internazionali<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y1292 ff1 fs1 fc1 sc0 ls0 ws0\">esistenti, di seguit<span class=\"_ _3\"></span>o esposte: </div><div class=\"t m0 x23 h5a y1beb ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">If<span class=\"_ _1\"></span>rs <span class=\"_ _5\"></span>1<span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>Prima <span class=\"_ _7\"></span>adozione <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>International <span class=\"_ _6\"></span>financial <span class=\"_ _5\"></span>reporting <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>tandard. <span class=\"_ _7\"></span>Il <span class=\"_ _7\"></span>miglioramento <span class=\"_ _7\"></span>risolve <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>potenziale </span></span></span></div><div class=\"t m0 x63 h43 y7c6 ff5 fs1 fc1 sc0 ls0 ws0\">fonte <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>errore <span class=\"_ _10\"> </span>dovuta <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ll\u2019inconsistenza <span class=\"_ _10\"> </span>dell\u2019Ifrs<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>1 <span class=\"_ _8\"> </span>rispetto <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>requisiti <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>contabilizzazione <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>hedge </div><div class=\"t m0 x63 h3 y814 ff5 fs1 fc1 sc0 ls0 ws0\">accounting prevista <span class=\"_ _3\"></span>dall\u2019Ifrs 9 \u201cStrumenti fi<span class=\"_ _3\"></span>nanziari\u201d;<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a y1548 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">If<span class=\"_ _1\"></span>rs <span class=\"_ _3\"></span>7<span class=\"ff1\"> <span class=\"_ _3\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> Strumenti finanziari: <span class=\"_ _3\"></span>informativa di bilancio. Lo Iasb ha introdotto t<span class=\"_ _3\"></span>re modifiche: </span></span></span></span></span></div><div class=\"t m0 x63 h3 y1eac ff5 fs1 fc1 sc0 ls0 ws0\">\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span></span>uti<span class=\"_ _5\"></span>li <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>perdite <span class=\"_ _5\"></span>contabilizzate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>momento <span class=\"_ _5\"></span>dell\u2019eliminazione <span class=\"_ _5\"></span>contabile. <span class=\"_ _7\"></span><span class=\"ff1\">Il <span class=\"_ _5\"></span>miglioramento <span class=\"_ _5\"></span>risolve <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>otenziale </span></div><div class=\"t m0 x63 h43 y158e ff5 fs1 fc1 sc0 ls0 ws0\">fonte d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>confusione in <span class=\"_ _5\"></span>relazione <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>contabilizzazi<span class=\"_ _3\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>perdite al <span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>ment<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>dell\u2019eliminazione contabile <span class=\"_ _5\"></span>in </div><div class=\"t m0 x63 h3 y1ead ff1 fs1 fc1 sc0 ls0 ws0\">quanto  <span class=\"ff5\">l\u2019Ifrs  7  presentava  un  riferimento  a  un  paragrafo  ca<span class=\"_ _3\"></span>ncellato  dallo  standard  contabile  al  momento </span></div><div class=\"t m0 x63 h3 y1eae ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019emissione dell\u2019Ifrs <span class=\"_ _3\"></span>13 \u201cValutazione del <span class=\"_ _3\"></span>fair value\u201d;<span class=\"_ _75\"> </span><span class=\"ff1\"> </span></div><div class=\"t m0 x63 h3 y145f ff5 fs1 fc1 sc0 ls0 ws0\">\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span>informativa <span class=\"_ _e\"> </span>relativa <span class=\"_ _d\"> </span>alle <span class=\"_ _e\"></span>differenze <span class=\"_ _e\"> </span>tra <span class=\"_ _d\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>e <span class=\"_ _e\"></span>prezzo <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>transazione. <span class=\"_ _f\"> </span>Il <span class=\"_ _d\"> </span>migliorame<span class=\"_ _3\"></span>nto <span class=\"_ _e\"> </span>corregge <span class=\"_ _d\"> </span>una </span></div><div class=\"t m0 x63 h3 y1eaf ff5 fs1 fc1 sc0 ls0 ws0\">inconsistenza tra l\u2019Ifr<span class=\"_ _3\"></span>s 7 e la sua guida di imp<span class=\"_ _3\"></span>lementazione;<span class=\"ff1\"> </span></div><div class=\"t m0 x63 h3 ya95 ff5 fs1 fc1 sc0 ls0 ws0\">\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span>introduzione <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>informativa <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>bilancio <span class=\"_ _6\"></span>sul <span class=\"_ _e\"> </span>rischio <span class=\"_ _e\"></span>credito. <span class=\"_ _d\"> </span>Il <span class=\"_ _e\"> </span>miglioramento <span class=\"_ _e\"></span>risolve <span class=\"_ _6\"></span>u<span class=\"_ _5\"></span>na <span class=\"_ _e\"></span>potenziale <span class=\"_ _6\"></span>fonte <span class=\"_ _e\"> </span>di </span></div><div class=\"t m0 x63 h3 yabe ff1 fs1 fc1 sc0 ls0 ws0\">confusione <span class=\"_ _6\"></span>chiarendo <span class=\"_ _e\"></span>che <span class=\"_ _6\"></span>la <span class=\"_ _e\"> </span>guida <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>implement<span class=\"_ _3\"></span>azione <span class=\"_ _6\"></span>non <span class=\"_ _e\"> </span>illustra <span class=\"_ _e\"></span>necessariamente <span class=\"_ _6\"></span>tutti <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>requisiti <span class=\"_ _e\"></span>esplicitati </div><div class=\"t m0 x63 h3 y742 ff1 fs1 fc1 sc0 ls10 ws0\">nel<span class=\"ff5 ls0\">l\u2019Ifr<span class=\"_ _3\"></span>s 7, semplificando inoltre <span class=\"_ _3\"></span>alcune spiegazioni.<span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h5a y1243 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">If<span class=\"_ _1\"></span>rs <span class=\"_ _3\"></span>9<span class=\"ff1\"> <span class=\"_ _3\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> Strumenti finanziari. <span class=\"_ _3\"></span>Lo Iasb ha introdotto d<span class=\"_ _3\"></span>ue modifiche: </span></span></span></span></span></div></div>370<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span>eliminazione <span class=\"_ _f\"> </span>contabile <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>locatore <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>una <span class=\"_ _f\"> </span>passivit\u00e0 <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>leasing.  Il<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>miglioramento <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>isolve <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>na </span>potenziale <span class=\"_ _6\"></span>mancanza <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>chiarezza <span class=\"_ _6\"></span>nell\u2019app<span class=\"_ _3\"></span>licazione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>requisiti <span class=\"_ _6\"></span>presenti<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>all\u2019interno <span class=\"_ _6\"></span>dell\u2019Ifrs <span class=\"_ _6\"></span>9 <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lla contabilizzazione da p<span class=\"_ _3\"></span>arte del locatario dell<span class=\"_ _3\"></span>\u2019estinzione di un de<span class=\"_ _3\"></span>bito per leasing;<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span>prezzo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>transazione. <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>miglioramento <span class=\"_ _5\"></span>risolve una <span class=\"_ _5\"></span>fonte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>confusione d<span class=\"_ _5\"></span>erivante da <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>richiamo </span>all\u2019interno <span class=\"_ _e\"> </span>dell\u2019Appendice <span class=\"_ _e\"> </span>A <span class=\"_ _e\"> </span>dell\u2019Ifrs <span class=\"_ _d\"> </span>9 <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>definizione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u201cprezzo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>transazione\u201d <span class=\"_ _e\"> </span>presente <span class=\"_ _e\"> </span>nell\u2019Ifrs <span class=\"_ _e\"> </span>1<span class=\"_ _5\"></span>5 <span class=\"_ _e\"> </span>\u201cRicavi provenienti da <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>con i <span class=\"_ _5\"></span>clienti\u201d, in <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>termine \u201cprezzo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>transazione\u201d \u00e8 <span class=\"_ _5\"></span>utilizzato in <span class=\"_ _5\"></span>vari <span class=\"_ _5\"></span>punti dell\u2019Ifrs<span class=\"_ _75\"> </span> 9  con  un  significato  che  non  \u00e8  ne<span class=\"_ _3\"></span>cessariamente  consistente  con  la  d<span class=\"_ _3\"></span>efinizione  presente  all\u2019int<span class=\"_ _3\"></span>erno  dello standard Ifrs 15; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">If<span class=\"_ _1\"></span>rs <span class=\"_ _e\"> </span>10<span class=\"ff1\"> <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _f\"> </span>Bilancio <span class=\"_ _d\"> </span>consolidato. <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>miglioramento <span class=\"_ _f\"> </span>risolve <span class=\"_ _d\"> </span>una <span class=\"_ _f\"> </span>fonte <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>potenziale <span class=\"_ _f\"> </span>confusione <span class=\"_ _d\"> </span>causata <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>una </span></span></span>inconsistenza <span class=\"_ _e\"> </span>presente <span class=\"_ _f\"> </span>n<span class=\"ff5\">ell\u2019Ifrs <span class=\"_ _e\"> </span>10 <span class=\"_ _d\"> </span>relativamente <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>l\u2019indivi<span class=\"_ _3\"></span>duazione <span class=\"_ _d\"> </span>da <span class=\"_ _e\"> </span>par<span class=\"_ _5\"></span>te <span class=\"_ _e\"> </span>dell\u2019investitore <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>un <span class=\"_ _d\"> </span>agente <span class=\"_ _d\"> </span>\u201cde </span>facto\u201d;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">Ia<span class=\"_ _1\"></span>s <span class=\"_ _d\"> </span>7<span class=\"ff1\"> <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _f\"> </span><span class=\"ff5\">Rendiconto <span class=\"_ _d\"> </span>finanziario. <span class=\"_ _d\"> </span>Il  m<span class=\"_ _3\"></span>iglioramento <span class=\"_ _d\"> </span>risolve <span class=\"_ _f\"> </span>una <span class=\"_ _f\"> </span>potenziale <span class=\"_ _d\"> </span>fonte <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>errore <span class=\"_ _d\"> </span>nell<span class=\"_ _5\"></span>\u2019applicazio<span class=\"_ _3\"></span>ne <span class=\"_ _f\"> </span>del </span></span></span></span>paragrafo <span class=\"_ _f\"> </span>37 <span class=\"_ _f\"> </span>dello  Ia<span class=\"_ _3\"></span>s <span class=\"_ _f\"> </span>7  deriv<span class=\"_ _3\"></span>ante <span class=\"_ _f\"> </span>dall\u2019utilizzo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>termine  \u201c<span class=\"_ _3\"></span>metodo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>costo\u201d,  il <span class=\"_ _f\"> </span>quale <span class=\"_ _d\"> </span>n<span class=\"_ _5\"></span>on <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>pi\u00f9  defin<span class=\"_ _3\"></span>ito all\u2019interno degli Int<span class=\"_ _3\"></span>ernational financial rep<span class=\"_ _3\"></span>orting standard.<span class=\"ff1\"> </span>M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span>all<span class=\"_ _1\"></span>\u2019If<span class=\"_ _1\"></span>rs <span class=\"_ _f\"> </span>9  e<span class=\"_ _1\"></span>  a<span class=\"_ _3\"></span>ll<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>If<span class=\"_ _3\"></span>rs<span class=\"_ _1\"></span>  7<span class=\"ff3\"> <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013<span class=\"ff1\">  Contratti  relativi  ad  acqui<span class=\"_ _3\"></span>sti  di  energia  elettrica<span class=\"_ _3\"></span>  prodotta  da  fonti  rinnova<span class=\"_ _3\"></span>bili. </span></span></span>Documento <span class=\"_ _f\"> </span>emesso <span class=\"_ _f\"> </span>dallo  I<span class=\"_ _3\"></span>asb <span class=\"_ _f\"> </span>in  data <span class=\"_ _f\"> </span>18 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>2024 <span class=\"_ _f\"> </span>e  applic<span class=\"_ _3\"></span>abile <span class=\"_ _f\"> </span>dal  1\u00b0 <span class=\"_ _f\"> </span>gennaio <span class=\"_ _f\"> </span>2026 <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>applicazione anticipata consentita. Le modifiche riguarda<span class=\"_ _3\"></span>no la necessit\u00e0 di supportare <span class=\"_ _5\"></span>le entit\u00e0 nel rendicontare gli effetti finanziari dei <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>ontratti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>cquisto <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>elettricit\u00e0 <span class=\"_ _10\"> </span>prodotta <span class=\"_ _10\"> </span>da <span class=\"_ _8\"> </span>fonti <span class=\"_ _10\"> </span>rinnovabili <span class=\"_ _8\"> </span>(spe<span class=\"_ _3\"></span>sso <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>trutturati <span class=\"_ _10\"> </span>come <span class=\"_ _8\"> </span>P<span class=\"_ _3\"></span>ower <span class=\"_ _8\"> </span>Purchas<span class=\"_ _3\"></span>e Agreements). <span class=\"_ _7\"></span>Sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>tali <span class=\"_ _7\"></span>contratti, <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>quantit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>lettricit\u00e0 <span class=\"_ _5\"></span>generata <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>cquistata <span class=\"_ _5\"></span>pu\u00f2 <span class=\"_ _6\"></span>vari<span class=\"_ _3\"></span>are <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>b<span class=\"_ _5\"></span>ase <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>fattori non controllabili quali, ad esem<span class=\"_ _3\"></span>pio, le condizioni meteorologic<span class=\"_ _3\"></span>he. Le modifiche riguardano in parti<span class=\"_ _3\"></span>colare: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">chiarimenti <span class=\"ls12\">su</span><span class=\"ff5\">ll\u2019applicazione dei requi<span class=\"_ _3\"></span>siti di \u201cown use\u201d a q<span class=\"_ _3\"></span>uesta tipologia di cont<span class=\"_ _3\"></span>ratti;<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">criteri per consentire<span class=\"_ _3\"></span> la contabilizzazione d<span class=\"_ _3\"></span>i tali contratti come <span class=\"_ _3\"></span>strumenti di copertura<span class=\"_ _5\"></span> <span class=\"ls10\">e;</span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">requisiti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>informativ<span class=\"_ _3\"></span>a <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>consentire a<span class=\"_ _5\"></span>gli utilizzatori <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>bilancio di <span class=\"_ _6\"></span>comprendere l'effetto <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>questi contratti <span class=\"_ _5\"></span>sulle </span></span>performance finanziari<span class=\"_ _3\"></span>e e sui flussi di cassa <span class=\"_ _3\"></span>di un\u2019entit\u00e0.<span class=\"ff1\"> </span>Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>ai <span class=\"_ _e\"></span>nuovi <span class=\"_ _6\"></span>principi <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>nuove <span class=\"_ _e\"></span>modifiche <span class=\"_ _6\"></span>precedentemente <span class=\"_ _6\"></span>esposte, <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>amministratori stanno valutando i p<span class=\"_ _3\"></span>ossibili effetti sul bilan<span class=\"_ _3\"></span>cio consolidato di Gr<span class=\"_ _3\"></span>uppo correlati alla loro<span class=\"_ _3\"></span> introduzione.<span class=\"_ _5\"></span> Classificazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>pa<span class=\"_ _3\"></span>ssivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>sensi dell\u2019Ifrs 7<span class=\"ff8\"> </span>La seguente tabella <span class=\"_ _5\"></span>illustra la composizione delle attivit\u00e0 del <span class=\"_ _5\"></span>Gruppo per classe di<span class=\"_ _5\"></span> valutazione<span class=\"_ _7\"></span>. Il fair <span class=\"_ _5\"></span>value delle altre partecipazioni e degli strume<span class=\"_ _3\"></span>nti finanziari derivati, viceversa, \u00e8 dettagliato ri<span class=\"_ _3\"></span>spettivamente nelle note 26 e 29. 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO FAIR VALUE A CONTO ECONOMICO COMPLESSIVO COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 2 2,0 156,0 158,0 Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti \u2010<span class=\"ff2 sc0\"> </span>2,0 156,0 158,0 Crediti commerci<span class=\"_ _3\"></span>ali \u2010<span class=\"ff4\"> </span>3.172,5 3.172,5 Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti \u2010<span class=\"ff4\"> </span>23,1 23,1 Altre attivit\u00e0 2 14,8 \u2010<span class=\"ff4\"> </span>1.384,9 1.399,7 Attivit\u00e0 correnti 14,8 \u2010<span class=\"ff2 sc0\"> </span>4.580,5 4.595,3<span class=\"_ _75\"> </span> 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO FAIR VALUE A CONTO ECONOMICO COMPLESSIVO COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 2 2,0 160,8 162,8 Attivit\u00e0 non correnti<span class=\"_ _3\"></span> \u2010<span class=\"ff2 sc0\"> </span>2,0 149,8 151,8 Crediti commerci<span class=\"_ _3\"></span>ali 3 1,2 3.585,6 3.586,8 Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti 90,9 90,9 Altre attivit\u00e0 2 9,4 12,2 932,2 953,8 Attivit\u00e0 correnti 9,4 13,4 4.608,7 4.631,5 Relativamente ad \u201cAttivit\u00e0 finanziarie non correnti\u201d si rimanda al dettaglio della nota 18.<span class=\"ff1\"> </span>Relativamente ad \u201cAttivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 18, 33, 35 e 37.<span class=\"_ _75\"> </span><span class=\"ff1\"> </span><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x57 h38 ydb ff2 fs8 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x2b h36 ydc ff4 fs7 fc7 sc0 ls6 ws0\">BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4</span></div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 ye4 ff4 fs5 fc7 sc0 lsa ws0\">371<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _7\"></span>se<span class=\"_ _5\"></span>guent<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>tabell<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>il<span class=\"_ _5\"></span>lustra<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>composizione <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>classe <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valutazio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span>I<span class=\"_ _6\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>egli </div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">strumenti derivati \u00e8 dettagliato, v<span class=\"_ _3\"></span>iceversa<span class=\"ls16\">, </span>nella nota 29. </div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2de h61 gsdc9\"><div class=\"t m0 x0 h13 y3d2 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2df h61 gsdca\"><div class=\"t m0 xa5 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">GERARCHIA  </div><div class=\"t m0 xa5 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div></div><div class=\"c wec h61 gsdcb\"><div class=\"t m0 xc0 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE A </div><div class=\"t m0 xa8 h13 y3d2 ff2 fs3 fc2 sc0 ls0 ws0\">CONTO </div><div class=\"t m0 xbc h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">ECONOMICO </div></div><div class=\"c w2e0 h61 gsdcc\"><div class=\"t m0 x32 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">ELEMENTI </div><div class=\"t m0 xd h13 y3d2 ff2 fs3 fc2 sc0 ls0 ws0\">COPERTI (FAIR </div><div class=\"t m0 x1a h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">VALUE HEDGE) </div></div><div class=\"c w2e1 h61 gsdcd\"><div class=\"t m0 xa8 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">COSTO </div><div class=\"t m0 x182 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">AMMORTIZZATO<span class=\"_ _3\"></span> </div></div><div class=\"c w2e0 h61 gsdce\"><div class=\"t m0 x3 h13 y3d2 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2de h3c gsdcf\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti </div></div><div class=\"c w2df h3c gsdd0\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2/3 </div></div><div class=\"c wec h3c gsdd1\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">40,9 </div></div><div class=\"c w2e0 h3c gsdd2\"><div class=\"t m0 x7 h335 y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2e1 h3c gsdd3\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4.113,7 </div></div><div class=\"c w2e0 h3c gsdd4\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4.154,6 </div></div><div class=\"c w2de h3c gsdd5\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing </div></div><div class=\"c w2e1 h3c gsdd6\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">54,7 </div></div><div class=\"c w2e0 h3c gsdd7\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">54,7 </div></div><div class=\"c w2de h3c gsdd8\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c wec h3c gsdd9\"><div class=\"t m0 xac h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">40,9 </div></div><div class=\"c w2e0 h3c gsdda\"><div class=\"t m0 x7 h13 y70 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2e1 h3c gsddb\"><div class=\"t m0 x4 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">4.168,4 </div></div><div class=\"c w2e0 h3c gsddc\"><div class=\"t m0 x4 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">4.209,3 </div></div><div class=\"c w2de h3c gsddd\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti commerciali </div></div><div class=\"c w2e1 h3c gsdde\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2.723,9 </div></div><div class=\"c w2e0 h3c gsddf\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2.723,9 </div></div><div class=\"c w2de h3c gsde0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti </div></div><div class=\"c w2df h3c gsde1\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3 </div></div><div class=\"c wec h3c gsde2\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">254,0 </div></div><div class=\"c w2e1 h3c gsde3\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">972,7 </div></div><div class=\"c w2e0 h3c gsde4\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.226,7 </div></div><div class=\"c w2de h3c gsde5\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing </div></div><div class=\"c w2e1 h3c gsde6\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">24,4 </div></div><div class=\"c w2e0 h3c gsde7\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">24,4 </div></div><div class=\"c w2de h3c gsde8\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre passivit\u00e0 </div></div><div class=\"c w2df h3c gsde9\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2 </div></div><div class=\"c wec h3c gsdea\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">19,3 </div></div><div class=\"c w2e1 h3c gsdeb\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.744,9 </div></div><div class=\"c w2e0 h3c gsdec\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.764,2 </div></div><div class=\"c w2de h3c gsded\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 corre<span class=\"_ _3\"></span>nti </div></div><div class=\"c wec h3c gsdee\"><div class=\"t m0 x30 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">273,3 </div></div><div class=\"c w2e0 h3c gsdef\"><div class=\"t m0 x7 h13 y66 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2e1 h3c gsdf0\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">5.465,9 </div></div><div class=\"c w2e0 h3c gsdf1\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">5.739,2 </div></div><div class=\"c w2de h1a5 gsdf2\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2df h1a5 gsdf3\"><div class=\"t m0 xa5 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">GERARCHIA  </div><div class=\"t m0 xa5 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div></div><div class=\"c wec h1a5 gsdf4\"><div class=\"t m0 xc0 h13 y692 ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE A </div><div class=\"t m0 xa8 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">CONTO </div><div class=\"t m0 xbc h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">ECONOMICO </div></div><div class=\"c w2e0 h1a5 gsdf5\"><div class=\"t m0 x32 h13 y692 ff2 fs3 fc2 sc0 ls0 ws0\">ELEMENTI </div><div class=\"t m0 xd h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">COPERTI (FAIR </div><div class=\"t m0 x1a h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">VALUE HEDGE) </div></div><div class=\"c w2e1 h1a5 gsdf6\"><div class=\"t m0 xa8 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">COSTO </div><div class=\"t m0 x182 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">AMMORTIZZATO<span class=\"_ _3\"></span> </div></div><div class=\"c w2e0 h1a5 gsdf7\"><div class=\"t m0 x3 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2de h3c gsdf8\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti </div></div><div class=\"c w2df h3c gsdf9\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2/3 </div></div><div class=\"c wec h3c gsdfa\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">330,5 </div></div><div class=\"c w2e0 h3c gsdfb\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">128,6 </div></div><div class=\"c w2e1 h3c gsdfc\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.962,6 </div></div><div class=\"c w2e0 h3c gsdfd\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4.421,7 </div></div><div class=\"c w2de h3c gsdfe\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing </div></div><div class=\"c w2e1 h3c gsdff\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">56,8 </div></div><div class=\"c w2e0 h3c gse00\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">56,8 </div></div><div class=\"c w2de h3c gse01\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c wec h3c gse02\"><div class=\"t m0 x30 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">330,5 </div></div><div class=\"c w2e0 h3c gse03\"><div class=\"t m0 x30 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">128,6 </div></div><div class=\"c w2e1 h3c gse04\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">4.019,4 </div></div><div class=\"c w2e0 h3c gse05\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">4.478,5 </div></div><div class=\"c w2de h3c gse06\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti commerciali </div></div><div class=\"c w2e1 h3c gse07\"><div class=\"t m0 x4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">2.619,3 </div></div><div class=\"c w2e0 h3c gse08\"><div class=\"t m0 x4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">2.619,3 </div></div><div class=\"c w2de h3c gse09\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti </div></div><div class=\"c w2df h3c gse0a\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">3 </div></div><div class=\"c wec h3c gse0b\"><div class=\"t m0 xac hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">13,7 </div></div><div class=\"c w2e1 h3c gse0c\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">877,1 </div></div><div class=\"c w2e0 h3c gse0d\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">890,8 </div></div><div class=\"c w2de h3c gse0e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 correnti per <span class=\"_ _3\"></span>leasing </div></div><div class=\"c w2e1 h3c gse0f\"><div class=\"t m0 xac hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">24,5 </div></div><div class=\"c w2e0 h3c gse10\"><div class=\"t m0 xac hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">24,5 </div></div><div class=\"c w2de h90 gse11\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre passivit\u00e0 </div></div><div class=\"c w2df h90 gse12\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">2 </div></div><div class=\"c wec h90 gse13\"><div class=\"t m0 xac hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">22,5 </div></div><div class=\"c w2e1 h90 gse14\"><div class=\"t m0 x4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.972,4 </div></div><div class=\"c w2e0 h90 gse15\"><div class=\"t m0 x4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.994,9 </div></div><div class=\"c w2de h3c gse16\"><div class=\"t m0 x0 h13 y5d5 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 corre<span class=\"_ _3\"></span>nti </div></div><div class=\"c wec h3c gse17\"><div class=\"t m0 xac h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">36,2 </div></div><div class=\"c w2e0 h3c gse18\"><div class=\"t m0 x7 h13 y70 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2e1 h3c gse19\"><div class=\"t m0 x4 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">5.493,3 </div></div><div class=\"c w2e0 h3c gse1a\"><div class=\"t m0 x4 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">5.529,5 </div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h4e y1ec0 ff5 fs8 fc1 sc0 ls0 ws0\">Relativamente a \u201cPassivit\u00e0 <span class=\"_ _5\"></span>finanziarie non correnti\u201d, la gerarchia del <span class=\"_ _5\"></span>fair value per gli elementi coperti <span class=\"_ _5\"></span>(fair value <span class=\"_ _5\"></span><span class=\"ff1\">hedge) \u00e8 <span class=\"_ _5\"></span>di livello 2 mentre per gli <span class=\"_ _5\"></span>elementi valutati a </span></div><div class=\"t m0 x23 h4e y41d ff1 fs8 fc1 sc0 ls0 ws0\">fair value a conto economico \u00e8 di livello 3. </div><div class=\"t m0 x23 h4e y1ec1 ff5 fs8 fc1 sc0 ls0 ws0\">Relativamente a \u201cPassivit\u00e0 non correnti\u201d si rimanda ai dettagli delle note 19 e 22.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h4e y1c8a ff5 fs8 fc1 sc0 ls0 ws0\">Relativamente a \u201cPassivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 19, 22, 34<span class=\"ff1\">, 36 e <span class=\"ls1c\">38.</span></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y35a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 ybdd ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1ec2 ff8 fsa fc2 sc0 ls0 ws0\">Informativa per <span class=\"_ _3\"></span>settori operati<span class=\"_ _3\"></span>vi </div><div class=\"t m0 x23 h3 yecf ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 yed0 ff5 fs1 fc1 sc0 ls0 ws0\">La r<span class=\"_ _5\"></span>appresentazi<span class=\"_ _3\"></span>one <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>risultati per <span class=\"_ _5\"></span>settori operativi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>effettuata in <span class=\"_ _5\"></span>base a<span class=\"_ _5\"></span>ll\u2019approccio utilizzato dal <span class=\"_ _5\"></span>management per </div><div class=\"t m0 x23 h3 yaaf ff1 fs1 fc1 sc0 ls0 ws0\">monitorare la perfomance del Gruppo per aree di attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>mogen<span class=\"_ _3\"></span>ee. Costi e attivit\u00e0 nette delle funzioni di supporto al<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 yab0 ff1 fs1 fc1 sc0 ls0 ws0\">business, in coerenza <span class=\"_ _3\"></span>con il modello di co<span class=\"_ _3\"></span>ntrollo interno, sono <span class=\"_ _3\"></span>attribuiti interamente ai b<span class=\"_ _3\"></span>usiness operativi.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h43 yed1 ff5 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _d\"> </span>segnala <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>management <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>partire <span class=\"_ _d\"> </span>dall<span class=\"_ _5\"></span>\u2019esercizi<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>2024, <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>er <span class=\"_ _d\"> </span>una <span class=\"_ _d\"> </span>pi\u00f9 <span class=\"_ _d\"> </span>coerente <span class=\"_ _f\"> </span>rappresent<span class=\"_ _3\"></span>azione <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>isultati<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h43 y3a ff5 fs1 fc1 sc0 ls0 ws0\">rispetto <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>dinamiche <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercato, <span class=\"_ _6\"></span>ha <span class=\"_ _6\"> </span>esposto <span class=\"_ _6\"> </span>i <span class=\"_ _e\"> </span>risultati <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>illuminazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>pubblica <span class=\"_ _6\"></span>all\u2019interno <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>settore </div><div class=\"t m0 x23 h3 yab2 ff1 fs1 fc1 sc0 ls0 ws0\">energia <span class=\"_ _6\"></span>elettrica, <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>precede<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>classificazione <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>settore <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>serviz<span class=\"_ _3\"></span>i, <span class=\"_ _6\"></span>procedendo <span class=\"_ _6\"></span>inoltre <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>riesporre <span class=\"_ _6\"></span>gli<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 yab3 ff1 fs1 fc1 sc0 ls0 ws0\">schemi dei periodi di<span class=\"_ _3\"></span> confronto. </div><div class=\"t m0 x23 h3 y986 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yed2 ff1 fs1 fc1 sc0 ls0 ws0\">Al 31 dicembre 2024 il Grup<span class=\"_ _3\"></span>po Hera \u00e8 organizzato nei segu<span class=\"_ _3\"></span>enti settori operativi: </div><div class=\"t m0 x23 h5a y1e2a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">G<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span><span class=\"ff1\">: comprende i servizi d<span class=\"_ _3\"></span>i distribuzione e vendit<span class=\"_ _3\"></span>a di gas metano, di tel<span class=\"_ _3\"></span>eriscaldamento e <span class=\"_ _5\"></span>i servizi energia; </span></span></span></div><div class=\"t m0 x23 h5a y3c3 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">E<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>el<span class=\"_ _3\"></span>et<span class=\"_ _3\"></span>tr<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span><span class=\"ff1\">: <span class=\"_ _6\"></span>comprende <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>produzione <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>energia, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>distrib<span class=\"_ _3\"></span>uzione<span class=\"_ _7\"></span><span class=\"ls16\">, <span class=\"_ _6\"></span></span>vendita <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>energia <span class=\"_ _6\"></span>elettrica <span class=\"_ _6\"></span><span class=\"lse\">e </span></span></span></span></div><div class=\"t m0 x63 h3 y3c4 ff1 fs1 fc1 sc0 ls0 ws0\">illuminazione pubblic<span class=\"_ _3\"></span>a<span class=\"_ _5\"></span>; </div><div class=\"t m0 x23 h5a yd83 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">C<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span> i<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>co<span class=\"_ _1\"></span><span class=\"ff1\">: <span class=\"_ _5\"></span>comprende i servizi<span class=\"_ _3\"></span> di acquedotto, depura<span class=\"_ _3\"></span>zione e fognatura; </span></span></span></div><div class=\"t m0 x23 h5a y156d ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">A<span class=\"_ _3\"></span>mb<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>te<span class=\"ff1\">: comprende i<span class=\"_ _3\"></span> servizi di raccolta, tr<span class=\"_ _3\"></span>attamento, recupero e <span class=\"_ _3\"></span>smaltimento dei rifiuti; <span class=\"_ _5\"></span> </span></span></span></div><div class=\"t m0 x23 h5a ydea ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> se<span class=\"_ _1\"></span>rvi<span class=\"_ _3\"></span>zi<span class=\"_ _1\"></span><span class=\"ff1 ls16\">: <span class=\"ls0\">comprende le telecomunicazi<span class=\"_ _3\"></span>oni e altri servizi mino<span class=\"_ _3\"></span>ri.<span class=\"_ _75\"> </span></span></span></span></span><span class=\"ff1\"><span class=\"ff3 fs1 fc1\"><span class=\"ff1 ls16\"><span class=\"ls0\"><span class=\"_ _5\"></span> </span></span></span></span></div><div class=\"t m0 x23 h3 y162 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y6b2 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div><div class=\"c wc h39 gs900\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">372</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gs901\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">B<span class=\"ls6\">E/<span class=\"ls7\">24</span></span></div><div class=\"t m0 x1a h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gs902\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls8 ws0\">// <span class=\"ls0\">Introduzione</span></div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gs903\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gs904\"><div class=\"t m0 xf h13 ydd ff2 fs3 fc2 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era</div><div class=\"t m5 x20a h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs905\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Si riportano le attivit<span class=\"_ _3\"></span>\u00e0 e passivit\u00e0 per settor<span class=\"_ _3\"></span>e operativo<span class=\"_ _5\"></span> relative agli es<span class=\"_ _3\"></span>ercizi 2024 e 2023: </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w4d h8e gse1c\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w8b h8e gse1d\"><div class=\"t m0 xa6 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">GAS </div></div><div class=\"c w4f h8e gse1e\"><div class=\"t m0 xd h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ENERGIA </div><div class=\"t m0 x15 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">ELETTRICA </div></div><div class=\"c w8c h8e gse1f\"><div class=\"t m0 x182 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">CICLO IDRICO </div></div><div class=\"c w8d h8e gse20\"><div class=\"t m0 x16 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">AMBIENTE </div></div><div class=\"c w53 h8e gse21\"><div class=\"t m0 xc h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">ALTRI SERVIZI </div></div><div class=\"c w52 h8e gse22\"><div class=\"t m0 xa2 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w4d h3c gse23\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Esercizio corre<span class=\"_ _3\"></span>nte </div></div><div class=\"c w4d h3c gse24\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Asset (tangibili e inta<span class=\"_ _3\"></span>ngibili) </div></div><div class=\"c w8b h3c gse25\"><div class=\"t m0 xb hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2.106,5 </div></div><div class=\"c w4f h3c gse26\"><div class=\"t m0 xa4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">846,8 </div></div><div class=\"c w8c h3c gse27\"><div class=\"t m0 xe hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2.620,4 </div></div><div class=\"c w8d h3c gse28\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.515,9 </div></div><div class=\"c w53 h3c gse29\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">101,0 </div></div><div class=\"c w52 h3c gse2a\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">7.190,6 </div></div><div class=\"c w4d h3c gse2b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Avviamento </div></div><div class=\"c w8b h3c gse2c\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">493,5 </div></div><div class=\"c w4f h3c gse2d\"><div class=\"t m0 xa7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">91,2 </div></div><div class=\"c w8c h3c gse2e\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">42,7 </div></div><div class=\"c w8d h3c gse2f\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">284,9 </div></div><div class=\"c w53 h3c gse30\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">20,7 </div></div><div class=\"c w52 h3c gse31\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">933,0 </div></div><div class=\"c w4d h90 gse32\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Partecipazioni </div></div><div class=\"c w8b h90 gse33\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">66,3 </div></div><div class=\"c w4f h90 gse34\"><div class=\"t m0 xa7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">11,1 </div></div><div class=\"c w8c h90 gse35\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">52,3 </div></div><div class=\"c w8d h90 gse36\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">44,8 </div></div><div class=\"c w53 h90 gse37\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w52 h90 gse38\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">174,6 </div></div><div class=\"c w4d h3c gse39\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immobiliz<span class=\"_ _3\"></span>zate non attribuite </div></div><div class=\"c w52 h3c gse3a\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">198,1 </div></div><div class=\"c w4d h3c gse3b\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Immobilizzazioni n<span class=\"_ _3\"></span>ette </div></div><div class=\"c w8b h3c gse3c\"><div class=\"t m0 xb h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.666,3 </div></div><div class=\"c w4f h3c gse3d\"><div class=\"t m0 xa4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">949,1 </div></div><div class=\"c w8c h3c gse3e\"><div class=\"t m0 xe h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.715,4 </div></div><div class=\"c w8d h3c gse3f\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.845,6 </div></div><div class=\"c w53 h3c gse40\"><div class=\"t m0 x53 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">121,8 </div></div><div class=\"c w52 h3c gse41\"><div class=\"t m0 x32 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">8.496,3 </div></div><div class=\"c w4d h3c gse42\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Capitale circolante <span class=\"_ _3\"></span>netto attribuito </div></div><div class=\"c w8b h3c gse43\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">152,2 </div></div><div class=\"c w4f h3c gse44\"><div class=\"t m0 xa7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">73,7 </div></div><div class=\"c w8c h3c gse45\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w8d h3c gse46\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">68,7 </div></div><div class=\"c w53 h3c gse47\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(24,8) </div></div><div class=\"c w52 h3c gse48\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">269,2 </div></div><div class=\"c w4d h8e gse49\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Capitale circolante <span class=\"_ _3\"></span>netto non </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">attribuito </div></div><div class=\"c w52 h8e gse4a\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(41,9) </div></div><div class=\"c w4d h3c gse4b\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Capitale circolant<span class=\"_ _3\"></span>e netto </div></div><div class=\"c w8b h3c gse4c\"><div class=\"t m0 xa2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">152,2 </div></div><div class=\"c w4f h3c gse4d\"><div class=\"t m0 xa7 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">73,7 </div></div><div class=\"c w8c h3c gse4e\"><div class=\"t m0 x4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w8d h3c gse4f\"><div class=\"t m0 x19 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">68,7 </div></div><div class=\"c w53 h3c gse50\"><div class=\"t m0 x53 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(24,8) </div></div><div class=\"c w52 h3c gse51\"><div class=\"t m0 x53 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">227,3 </div></div><div class=\"c w4d h3c gse52\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondi diversi </div></div><div class=\"c w8b h3c gse53\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(229,1) </div></div><div class=\"c w4f h3c gse54\"><div class=\"t m0 xa6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(68,5) </div></div><div class=\"c w8c h3c gse55\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(169,3) </div></div><div class=\"c w8d h3c gse56\"><div class=\"t m0 xae hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(302,4) </div></div><div class=\"c w53 h3c gse57\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(3,8) </div></div><div class=\"c w52 h3c gse58\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(773,1) </div></div><div class=\"c w4d h98 gse59\"><div class=\"t m0 x0 h13 y6af ff2 fs3 fc1 sc0 ls0 ws0\">Capitale investito <span class=\"_ _3\"></span>netto </div></div><div class=\"c w8b h98 gse5a\"><div class=\"t m0 xb h13 y6af ff2 fs3 fcb sc0 ls0 ws0\">2.589,4 </div></div><div class=\"c w4f h98 gse5b\"><div class=\"t m0 xa4 h13 y6af ff2 fs3 fcb sc0 ls0 ws0\">954,3 </div></div><div class=\"c w8c h98 gse5c\"><div class=\"t m0 xe h13 y6af ff2 fs3 fcb sc0 ls0 ws0\">2.545,5 </div></div><div class=\"c w8d h98 gse5d\"><div class=\"t m0 x1c h13 y6af ff2 fs3 fcb sc0 ls0 ws0\">1.611,9 </div></div><div class=\"c w53 h98 gse5e\"><div class=\"t m0 xa8 h13 y6af ff2 fs3 fcb sc0 ls0 ws0\">93,2 </div></div><div class=\"c w52 h98 gse5f\"><div class=\"t m0 x32 h13 y6af ff2 fs3 fcb sc0 ls0 ws0\">7.950,5<span class=\"_ _75\"> </span> </div></div><div class=\"c w4d h8e gse60\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w8b h8e gse61\"><div class=\"t m0 xa6 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">GAS </div></div><div class=\"c w4f h8e gse62\"><div class=\"t m0 xd h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ENERGIA </div><div class=\"t m0 x15 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">ELETTRICA </div></div><div class=\"c w8c h8e gse63\"><div class=\"t m0 x182 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">CICLO IDRICO </div></div><div class=\"c w8d h8e gse64\"><div class=\"t m0 x16 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">AMBIENTE </div></div><div class=\"c w53 h8e gse65\"><div class=\"t m0 xc h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">ALTRI SERVIZI </div></div><div class=\"c w52 h8e gse66\"><div class=\"t m0 xa2 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w4d h3c gse67\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Esercizio preced<span class=\"_ _3\"></span>ente </div></div><div class=\"c w4d h3c gse68\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Asset (tangibili e inta<span class=\"_ _3\"></span>ngibili) </div></div><div class=\"c w8b h3c gse69\"><div class=\"t m0 xb hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2.043,2 </div></div><div class=\"c w4f h3c gse6a\"><div class=\"t m0 xa4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">792,1 </div></div><div class=\"c w8c h3c gse6b\"><div class=\"t m0 xe hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2.466,6 </div></div><div class=\"c w8d h3c gse6c\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.464,7 </div></div><div class=\"c w53 h3c gse6d\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">103,0 </div></div><div class=\"c w52 h3c gse6e\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6.869,6 </div></div><div class=\"c w4d h90 gse6f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Avviamento </div></div><div class=\"c w8b h90 gse70\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">493,5 </div></div><div class=\"c w4f h90 gse71\"><div class=\"t m0 xa7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">91,2 </div></div><div class=\"c w8c h90 gse72\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">42,7 </div></div><div class=\"c w8d h90 gse73\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">260,6 </div></div><div class=\"c w53 h90 gse74\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">20,7 </div></div><div class=\"c w52 h90 gse75\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">908,7 </div></div><div class=\"c w4d h3c gse76\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Partecipazioni </div></div><div class=\"c w8b h3c gse77\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">96,6 </div></div><div class=\"c w4f h3c gse78\"><div class=\"t m0 xa7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">42,4 </div></div><div class=\"c w8c h3c gse79\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">16,0 </div></div><div class=\"c w8d h3c gse7a\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">40,5 </div></div><div class=\"c w53 h3c gse7b\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w52 h3c gse7c\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">195,5 </div></div><div class=\"c w4d h3c gse7d\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immobiliz<span class=\"_ _3\"></span>zate non attribuite </div></div><div class=\"c w52 h3c gse7e\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">145,3 </div></div><div class=\"c w4d h3c gse7f\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Immobilizzazioni n<span class=\"_ _3\"></span>ette </div></div><div class=\"c w8b h3c gse80\"><div class=\"t m0 xb h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.633,3 </div></div><div class=\"c w4f h3c gse81\"><div class=\"t m0 xa4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">884,3 </div></div><div class=\"c w8c h3c gse82\"><div class=\"t m0 xe h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.525,3 </div></div><div class=\"c w8d h3c gse83\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.765,8 </div></div><div class=\"c w53 h3c gse84\"><div class=\"t m0 x53 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">165,1 </div></div><div class=\"c w52 h3c gse85\"><div class=\"t m0 x32 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">8.119,1 </div></div><div class=\"c w4d h3c gse86\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Capitale circolante <span class=\"_ _3\"></span>netto attribuito </div></div><div class=\"c w8b h3c gse87\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">460,9 </div></div><div class=\"c w4f h3c gse88\"><div class=\"t m0 xa5 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(172,5) </div></div><div class=\"c w8c h3c gse89\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(56,4) </div></div><div class=\"c w8d h3c gse8a\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">14,7 </div></div><div class=\"c w53 h3c gse8b\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(23,0) </div></div><div class=\"c w52 h3c gse8c\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">223,7 </div></div><div class=\"c w4d h8e gse8d\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Capitale circolante <span class=\"_ _3\"></span>netto non </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">attribuito </div></div><div class=\"c w52 h8e gse8e\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(57,7) </div></div><div class=\"c w4d h3c gse8f\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Capitale circolant<span class=\"_ _3\"></span>e netto </div></div><div class=\"c w8b h3c gse90\"><div class=\"t m0 xa2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">460,9 </div></div><div class=\"c w4f h3c gse91\"><div class=\"t m0 xa5 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(177,8) </div></div><div class=\"c w8c h3c gse92\"><div class=\"t m0 xb1 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(56,4) </div></div><div class=\"c w8d h3c gse93\"><div class=\"t m0 x19 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">14,7 </div></div><div class=\"c w53 h3c gse94\"><div class=\"t m0 x53 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(17,7) </div></div><div class=\"c w52 h3c gse95\"><div class=\"t m0 x53 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">166,0 </div></div><div class=\"c w4d h3c gse96\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondi diversi </div></div><div class=\"c w8b h3c gse97\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(216,7) </div></div><div class=\"c w4f h3c gse98\"><div class=\"t m0 xa6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(43,0) </div></div><div class=\"c w8c h3c gse99\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(153,3) </div></div><div class=\"c w8d h3c gse9a\"><div class=\"t m0 xae hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(289,1) </div></div><div class=\"c w53 h3c gse9b\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(3,8) </div></div><div class=\"c w52 h3c gse9c\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(705,9) </div></div><div class=\"c w4d h98 gse9d\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Capitale investito <span class=\"_ _3\"></span>netto </div></div><div class=\"c w8b h98 gse9e\"><div class=\"t m0 xb h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">2.877,5 </div></div><div class=\"c w4f h98 gse9f\"><div class=\"t m0 xa4 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">665,3 </div></div><div class=\"c w8c h98 gsea0\"><div class=\"t m0 xe h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">2.315,6 </div></div><div class=\"c w8d h98 gsea1\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">1.491,4 </div></div><div class=\"c w53 h98 gsea2\"><div class=\"t m0 x53 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">141,8 </div></div><div class=\"c w52 h98 gsea3\"><div class=\"t m0 x32 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">7.579,2 </div></div><div class=\"c w4d h3c gsea4\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fce sc0 ls0 ws0\">Rounding / Adjust<span class=\"_ _3\"></span>ment </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x1b h3 y58a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y58b ff1 fs1 fc1 sc0 ls0 ws0\">Si riportano le principali misure <span class=\"_ _3\"></span>di risultato per settor<span class=\"_ _3\"></span>e opera<span class=\"_ _5\"></span>tivo relativ<span class=\"_ _3\"></span>e agli esercizi 2024 <span class=\"_ _3\"></span>e 2023: </div><div class=\"t m0 x1b h3 y58c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y58d ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2f4 h8e gsea5\"><div class=\"t m0 x0 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w2f5 h8e gsea6\"><div class=\"t m0 x32 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">GAS </div></div><div class=\"c w2f5 h8e gsea7\"><div class=\"t m0 x1a h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ENERGIA </div><div class=\"t m0 x17 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">ELETTRICA </div></div><div class=\"c w24a h8e gsea8\"><div class=\"t m0 xa9 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">CICLO </div><div class=\"t m0 xb h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">IDRICO </div></div><div class=\"c w249 h8e gsea9\"><div class=\"t m0 x14 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">AMBIENTE </div></div><div class=\"c w2f5 h8e gseaa\"><div class=\"t m0 xa5 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ALTRI </div><div class=\"t m0 x9d h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">SERVIZI </div></div><div class=\"c w24a h8e gseab\"><div class=\"t m0 x9f h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">STRUTTURA </div></div><div class=\"c w2f5 h8e gseac\"><div class=\"t m0 xc0 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2f4 h3c gsead\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Esercizio corre<span class=\"_ _3\"></span>nte </div></div><div class=\"c w2f4 h90 gseae\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ricavi diretti </div></div><div class=\"c w2f5 h90 gseaf\"><div class=\"t m0 xbc hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">5.571,8 </div></div><div class=\"c w2f5 h90 gseb0\"><div class=\"t m0 xbc hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">4.709,9 </div></div><div class=\"c w24a h90 gseb1\"><div class=\"t m0 xbc hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.084,4 </div></div><div class=\"c w249 h90 gseb2\"><div class=\"t m0 xbc hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.605,9 </div></div><div class=\"c w2f5 h90 gseb3\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">47,4 </div></div><div class=\"c w24a h90 gseb4\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">25,0 </div></div><div class=\"c w2f5 h90 gseb5\"><div class=\"t m0 x9d hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">13.044,4 </div></div><div class=\"c w2f4 h3c gseb6\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Ricavi infra-cicli </div></div><div class=\"c w2f5 h3c gseb7\"><div class=\"t m0 xa6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">224,2 </div></div><div class=\"c w2f5 h3c gseb8\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">223,6 </div></div><div class=\"c w24a h3c gseb9\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">7,4 </div></div><div class=\"c w249 h3c gseba\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">117,9 </div></div><div class=\"c w2f5 h3c gsebb\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">52,6 </div></div><div class=\"c w24a h3c gsebc\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">106,9 </div></div><div class=\"c w2f5 h3c gsebd\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">732,7 </div></div><div class=\"c w2f4 h3c gsebe\"><div class=\"t m0 x0 h13 y5d5 ff2 fs3 fc1 sc0 ls0 ws0\">Totale ricavi diretti<span class=\"_ _3\"></span> </div></div><div class=\"c w2f5 h3c gsebf\"><div class=\"t m0 xbc h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">5.796,0 </div></div><div class=\"c w2f5 h3c gsec0\"><div class=\"t m0 xbc h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">4.933,4 </div></div><div class=\"c w24a h3c gsec1\"><div class=\"t m0 xbc h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">1.091,8 </div></div><div class=\"c w249 h3c gsec2\"><div class=\"t m0 xbc h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">1.723,8 </div></div><div class=\"c w2f5 h3c gsec3\"><div class=\"t m0 xb2 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">100,1 </div></div><div class=\"c w24a h3c gsec4\"><div class=\"t m0 xb2 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">131,9 </div></div><div class=\"c w2f5 h3c gsec5\"><div class=\"t m0 x9d h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">13.777,1 </div></div><div class=\"c w2f4 h3c gsec6\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ricavi indiretti </div></div><div class=\"c w2f5 h3c gsec7\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">13,0 </div></div><div class=\"c w2f5 h3c gsec8\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">5,8 </div></div><div class=\"c w24a h3c gsec9\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">71,1 </div></div><div class=\"c w249 h3c gseca\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">42,4 </div></div><div class=\"c w2f5 h3c gsecb\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(0,3) </div></div><div class=\"c w24a h3c gsecc\"><div class=\"t m0 xa9 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(131,9) </div></div><div class=\"c w2f5 h3c gsecd\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f4 h3c gsece\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Ricavi totali </div></div><div class=\"c w2f5 h3c gsecf\"><div class=\"t m0 xbc h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">5.809,0 </div></div><div class=\"c w2f5 h3c gsed0\"><div class=\"t m0 xbc h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">4.939,3 </div></div><div class=\"c w24a h3c gsed1\"><div class=\"t m0 xbc h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">1.162,8 </div></div><div class=\"c w249 h3c gsed2\"><div class=\"t m0 xbc h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">1.766,2 </div></div><div class=\"c w2f5 h3c gsed3\"><div class=\"t m0 x16 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">99,8 </div></div><div class=\"c w24a h3c gsed4\"><div class=\"t m0 x4 h13 y70 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2f5 h3c gsed5\"><div class=\"t m0 x9d h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">13.777,1 </div></div><div class=\"c w2f4 h98 gsed6\"><div class=\"t m0 x0 h13 yddf ff2 fs3 fc1 sc0 ls0 ws0\">Margine operativ<span class=\"_ _3\"></span>o lordo </div></div><div class=\"c w2f5 h98 gsed7\"><div class=\"t m0 xa6 h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">571,4 </div></div><div class=\"c w2f5 h98 gsed8\"><div class=\"t m0 xb2 h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">322,0 </div></div><div class=\"c w24a h98 gsed9\"><div class=\"t m0 xb2 h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">297,1 </div></div><div class=\"c w249 h98 gseda\"><div class=\"t m0 xb2 h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">367,0 </div></div><div class=\"c w2f5 h98 gsedb\"><div class=\"t m0 x16 h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">30,1 </div></div><div class=\"c w24a h98 gsedc\"><div class=\"t m0 x4 h13 y15f1 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2f5 h98 gsedd\"><div class=\"t m0 xbc h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">1.587,6 </div></div><div class=\"c w2f4 h8e gsede\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ammortamenti e ac<span class=\"_ _3\"></span>cantonamenti </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">diretti </div></div><div class=\"c w2f5 h8e gsedf\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">183,1 </div></div><div class=\"c w2f5 h8e gsee0\"><div class=\"t m0 xb2 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">151,2 </div></div><div class=\"c w24a h8e gsee1\"><div class=\"t m0 xb2 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">123,0 </div></div><div class=\"c w249 h8e gsee2\"><div class=\"t m0 xb2 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">187,3 </div></div><div class=\"c w2f5 h8e gsee3\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">17,5 </div></div><div class=\"c w24a h8e gsee4\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">95,5 </div></div><div class=\"c w2f5 h8e gsee5\"><div class=\"t m0 xb2 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">757,7 </div></div><div class=\"c w2f4 h8e gsee6\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ammortamenti e ac<span class=\"_ _3\"></span>cantonamenti </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">indiretti </div></div><div class=\"c w2f5 h8e gsee7\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">11,8 </div></div><div class=\"c w2f5 h8e gsee8\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">12,6 </div></div><div class=\"c w24a h8e gsee9\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">37,4 </div></div><div class=\"c w249 h8e gseea\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">33,6 </div></div><div class=\"c w2f5 h8e gseeb\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w24a h8e gseec\"><div class=\"t m0 xb2 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">(95,5) </div></div><div class=\"c w2f5 h8e gseed\"><div class=\"t m0 x4 hf y5e2 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f4 h8e gseee\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc1 sc0 ls0 ws0\">Ammortamenti <span class=\"_ _3\"></span>e accantonamenti </div><div class=\"t m0 x0 h13 y74 ff2 fs3 fc1 sc0 ls0 ws0\">totali </div></div><div class=\"c w2f5 h8e gseef\"><div class=\"t m0 xa6 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">194,9 </div></div><div class=\"c w2f5 h8e gsef0\"><div class=\"t m0 xb2 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">163,9 </div></div><div class=\"c w24a h8e gsef1\"><div class=\"t m0 xb2 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">160,4 </div></div><div class=\"c w249 h8e gsef2\"><div class=\"t m0 xb2 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">220,8 </div></div><div class=\"c w2f5 h8e gsef3\"><div class=\"t m0 x16 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">17,7 </div></div><div class=\"c w24a h8e gsef4\"><div class=\"t m0 x4 h13 y5e2 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2f5 h8e gsef5\"><div class=\"t m0 xb2 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">757,7 </div></div><div class=\"c w2f4 h90 gsef6\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Risultato operativ<span class=\"_ _3\"></span>o </div></div><div class=\"c w2f5 h90 gsef7\"><div class=\"t m0 xa6 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">376,5 </div></div><div class=\"c w2f5 h90 gsef8\"><div class=\"t m0 xb2 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">158,2 </div></div><div class=\"c w24a h90 gsef9\"><div class=\"t m0 xb2 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">136,7 </div></div><div class=\"c w249 h90 gsefa\"><div class=\"t m0 xb2 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">146,2 </div></div><div class=\"c w2f5 h90 gsefb\"><div class=\"t m0 x16 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">12,4 </div></div><div class=\"c w24a h90 gsefc\"><div class=\"t m0 x4 h13 y66 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2f5 h90 gsefd\"><div class=\"t m0 xb2 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">829,9<span class=\"_ _75\"> </span> </div></div>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/2<span class=\"_ _5\"></span>4<span class=\"_ _75\"> </span></span>373<span class=\"ls0\"> </span>2023 GAS ENERGIA ELETTRICA CICLO IDRICO AMBIENTE ALTRI SERVIZI STRUTTURA TOTALE Esercizio preced<span class=\"_ _3\"></span>ente Ricavi diretti 8.421,2 4.583,4 999,2 1.555,3 39,5 (33,5) 15.565,1 Ricavi infra-cicli 120,0 235,4 5,4 137,3 50,9 165,0 714,2 Totale ricavi diretti<span class=\"_ _3\"></span> 8.541,3 4.818,8 1.004,6 1.692,6 90,4 131,6 16.279,3 Ricavi indiretti 15,8 6,7 63,3 45,3 0,5 (131,6) \u2010<span class=\"ff4\"> </span>Ricavi totali 8.557,1 4.825,5 1.067,9 1.737,9 90,9 \u2010<span class=\"ff2 sc0\"> </span>16.279,3 Margine operativ<span class=\"_ _3\"></span>o lordo 609,9 326,3 271,4 353,4 26,7 \u2010<span class=\"ff2 sc0\"> </span>1.587,7 Ammortamenti e ac<span class=\"_ _3\"></span>cantonamenti diretti 211,3 126,5 109,4 200,2 16,8 89,4 753,7 Ammortamenti e ac<span class=\"_ _3\"></span>cantonamenti indiretti 10,0 5,2 41,4 32,6 0,2 (89,4) \u2010<span class=\"ff4\"> </span>Ammortamenti <span class=\"_ _3\"></span>e accantonamenti totali 221,3 131,7 150,8 232,9 17,0 \u2010<span class=\"ff2 sc0\"> </span>753,7 Risultato operativ<span class=\"_ _3\"></span>o 388,6 194,6 120,6 120,6 9,7 \u2010<span class=\"ff2 sc0\"> </span>834,0 Come <span class=\"_ _7\"></span>ampiamente <span class=\"_ _5\"></span>descritto <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>relazione <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>gestione, <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>margine <span class=\"_ _7\"></span>operativo <span class=\"_ _5\"></span>lordo <span class=\"_ _e\"></span>del <span class=\"_ _5\"></span>settore <span class=\"_ _7\"></span>operativo <span class=\"_ _7\"></span>gas <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>stato oggetto <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _6\"></span>2023 <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _e\"></span>rettifica <span class=\"_ _6\"></span>ai <span class=\"_ _e\"> </span>fini <span class=\"_ _e\"></span>gestionali <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>commentare <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>suo <span class=\"_ _e\"></span>andamento <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>periodo. <span class=\"_ _e\"></span>Nel<span class=\"_ _3\"></span> capitolo 1.06 <span class=\"_ _5\"></span>\u201cAnalisi per <span class=\"_ _5\"></span>aree <span class=\"_ _5\"></span>strategiche d\u2019affari\u201d, a <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>fare r<span class=\"_ _5\"></span>iferimento per <span class=\"_ _5\"></span>la sua <span class=\"_ _5\"></span>comprensione delle <span class=\"_ _5\"></span>dinamiche di business, \u00e8 esposto il <span class=\"_ _3\"></span>valore contenente la<span class=\"_ _3\"></span> rettifica sulla valori<span class=\"_ _3\"></span>zzazione delle giacen<span class=\"_ _3\"></span>ze di gas.<span class=\"_ _5\"></span> 374<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> B<span class=\"ls6\">E/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>2.03<span class=\"fc2\"> <span class=\"_ _9\"> </span></span>- <span class=\"_ _9\"> </span>SCHEM<span class=\"_ _5\"></span>I <span class=\"_ _23\"> </span>DI <span class=\"_ _9\"> </span>BILANCIO<span class=\"_ _5\"></span> <span class=\"_ _9\"> </span>AI <span class=\"_ _23\"> </span>SENSI <span class=\"_ _9\"> </span>DELLA <span class=\"_ _23\"> </span>DELIBERA CONSOB 15519/2006 Vengono <span class=\"_ _f\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>seguito  rip<span class=\"_ _3\"></span>ortati,  i<span class=\"_ _3\"></span>n  coeren<span class=\"_ _3\"></span>za  c<span class=\"_ _3\"></span>on  le <span class=\"_ _f\"> </span>relative  pol<span class=\"_ _3\"></span>icy  di <span class=\"_ _4\"> </span>Gruppo, <span class=\"_ _f\"> </span>i  rapporti <span class=\"_ _f\"> </span>economici,  pa<span class=\"_ _3\"></span>trimoniali <span class=\"_ _f\"> </span>e finanziari in essere a<span class=\"_ _3\"></span>l 31 dicembre 2024 e relativo periodo di <span class=\"_ _3\"></span>confronto con parti correlate. La Procedura per le oper<span class=\"_ _3\"></span>azioni con parti c<span class=\"_ _3\"></span>orrelate<span class=\"_ _5\"></span> \u00e8 presente su<span class=\"_ _3\"></span>l sito del Gruppo Hera al link:  https://www.gruppohera.it/gruppo/governance/sistema-<span class=\"ls5b\">di</span>-governance/politiche-e-procedure<span class=\"fc0\"> </span>Per <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>riguarda <span class=\"_ _5\"></span>l\u2019informativa <span class=\"_ _5\"></span>sulle <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>maggiore <span class=\"_ _5\"></span>rilevanza <span class=\"_ _5\"></span>previste <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>delibera Consob <span class=\"_ _7\"></span>n. <span class=\"_ _5\"></span>17221 <span class=\"_ _5\"></span>del 12 <span class=\"_ _e\"></span>marzo <span class=\"_ _6\"></span>2010 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>successive <span class=\"_ _6\"></span>modifiche <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>integrazioni, <span class=\"_ _6\"></span>si <span class=\"_ _e\"> </span>segnala <span class=\"_ _e\"></span>che <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>partire <span class=\"_ _e\"></span>dal <span class=\"_ _6\"></span>1<span class=\"_ _5\"></span>\u00b0 <span class=\"_ _6\"></span>gennaio <span class=\"_ _e\"></span>2024 <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>entrato <span class=\"_ _e\"></span>in vigore <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>nu<span class=\"_ _3\"></span>ovo <span class=\"_ _7\"></span>contratto <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rnitura <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll'ingrosso <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>Hera <span class=\"_ _6\"></span>Spa <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>acqua <span class=\"_ _6\"></span>potabil<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>usi <span class=\"_ _7\"></span>civili <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Romagna Acque <span class=\"_ _7\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span>Societ\u00e0 <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>onti <span class=\"_ _6\"></span>S<span class=\"_ _3\"></span>pa. <span class=\"_ _7\"></span>Il <span class=\"_ _7\"></span>contratto, <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>durata <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>4 <span class=\"_ _6\"></span>anni, <span class=\"_ _5\"></span>prevede <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>controvalore <span class=\"_ _7\"></span>annuo <span class=\"_ _7\"></span>st<span class=\"_ _5\"></span>imato<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>48,<span class=\"_ _3\"></span>5 milioni di euro. // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>375<span class=\"ls0\"> </span>2.03.01 <span class=\"ls0\">- Conto <span class=\"_ _3\"></span>economico ai <span class=\"_ _3\"></span>sensi della delib<span class=\"_ _3\"></span>era Consob 155<span class=\"_ _3\"></span>19/2006 </span>note 2024 di cui correlate <span class=\"_ _3\"></span> 2023 di cui correlate <span class=\"_ _3\"></span> A B C D Totale  % A B C D Totale  % Ricavi 1 12.889,7 \u2010<span class=\"ff4\"> </span>70,4 324,9 18,3 413,6 3,2% 15.331,1 \u2010<span class=\"ff4\"> </span>78,0 319,5 15,0 412,5 2,8% Altri proventi 2 154,7 \u2010<span class=\"ff4\"> </span>0,1 5,6 \u2010<span class=\"ff4\"> </span>5,7 3,7% 234,0 \u2010<span class=\"ff4\"> </span>0,3 8,2 \u2010<span class=\"ff4\"> </span>8,5 1,3% Materie prime e materi<span class=\"_ _3\"></span>ali 3 (7.056,4) \u2010<span class=\"ff4\"> </span>(46,9) \u2010<span class=\"ff4\"> </span>(50,7) (97,6) 1,4% (9.672,2) \u2010<span class=\"ff4\"> </span>(54,5) \u2010<span class=\"ff4\"> </span>(46,0) (100,5) 1,0% Costi per servizi 4 (3.724,9) \u2010<span class=\"ff4\"> </span>(12,5) (29,9) (39,2) (81,6) 2,2% (3.655,9) \u2010<span class=\"ff4\"> </span>(13,9) (25,2) (35,0) (74,1) 2,0% Costi del person<span class=\"_ _3\"></span>ale 5 (667,5) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(641,1) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Altre spese operati<span class=\"_ _3\"></span>ve 6 (97,3) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(2,3) (0,8) (3,1) 3,2% (90,3) \u2010<span class=\"ff4\"> </span>(0,1) (2,4) (0,9) (3,4) 3,8% Costi capitalizzati<span class=\"_ _3\"></span> 7 89,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>82,1 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Ammortamenti a<span class=\"_ _3\"></span>ccantonamenti e svaluta<span class=\"_ _3\"></span>zioni 8 (757,7) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(753,7) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Utile operativo 829,9 \u2010<span class=\"ff2 sc0\"> </span>10,5 297,1 (72,5) 235,1 834,0 \u2010<span class=\"ff2 sc0\"> </span>9,8 300,1 (66,9) 243,0 Proventi finanziari 9 202,5 \u2010<span class=\"ff4\"> </span>3,6 0,3 1,8 5,7 2,8% 157,1 \u2010<span class=\"ff4\"> </span>7,8 0,5 0,4 8,7 5,5% Oneri finanziari 10<span class=\"ls0\"> </span>(308,5) \u2010<span class=\"ff4\"> </span>(27,2) (0,2) \u2010<span class=\"ff4\"> </span>(27,4) 8,9% (345,0) \u2010<span class=\"ff4\"> </span>(5,9) (0,2) \u2010<span class=\"ff4\"> </span>(6,1) 1,8% Gestione finanziaria (106,0) \u2010<span class=\"ff2 sc0\"> </span>(23,6) 0,1 1,8 (21,7) (187,9) \u2010<span class=\"ff2 sc0\"> </span>1,9 0,3 0,4 2,6 Quota di utili (perdite) <span class=\"_ _3\"></span>di joint venture e s<span class=\"_ _3\"></span>ociet\u00e0 collegate 11<span class=\"ls0\"> </span>12,3 \u2010<span class=\"ff4\"> </span>12,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>12,3 100,0% 10,3 \u2010<span class=\"ff4\"> </span>10,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>10,3 100,0% Utile prima dell<span class=\"_ _3\"></span>e imposte 736,2 \u2010<span class=\"ff2 sc0\"> </span>(0,8) 297,2 (70,7) 225,7 656,4 \u2010<span class=\"ff2 sc0\"> </span>22,0 300,4 (66,5) 255,9 Imposte 12<span class=\"ls0\"> </span>(200,3) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(173,2) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Utile netto dell'e<span class=\"_ _3\"></span>sercizio 535,9 \u2010<span class=\"ff2 sc0\"> </span>(0,8) 297,2 (70,7) 225,7 483,2 \u2010<span class=\"ff2 sc0\"> </span>22,0 300,4 (66,5) 255,9 Attribuibile: Azionisti della C<span class=\"_ _3\"></span>ontrollante 494,5 441,4 Azionisti di minora<span class=\"_ _3\"></span>nza 41,4 41,8 Utile per azione di base 17<span class=\"ls0\"> </span>0,343 0,305 diluito 17<span class=\"ls0\"> </span>0,343 0,305 376<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _5\"></span> BE<span class=\"ls0\">/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>// <span class=\"ls0\">Introduzione<span class=\"_ _75\"> </span></span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>2.03.02 <span class=\"ls0\">- Situazi<span class=\"_ _3\"></span>one patrimonial<span class=\"_ _3\"></span>e-finanziaria ai sen<span class=\"_ _3\"></span>si della deli<span class=\"_ _3\"></span>bera Consob 15<span class=\"_ _3\"></span>519/2006 </span>note 31<span class=\"ls0\">-dic-<span class=\"ls3\">24</span> </span>di cui correlate <span class=\"_ _3\"></span> 31<span class=\"ls0\">-dic-<span class=\"ls3\">23</span> </span>di cui correlate <span class=\"_ _3\"></span> A B C D Totale  % A B C D Totale  % ATTIVIT\u00c0 Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti Immobilizzazioni im<span class=\"_ _3\"></span>pianti e macchinari 21, 25 2.160,7 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>2.059,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Diritti d'uso 22, 25 84,2 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>90,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Attivit\u00e0 immateriali 23, 25 4.945,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>4.719,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Avviamento 24, 25 933,0 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>908,7 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Partecipazioni valutat<span class=\"_ _3\"></span>e con il metodo del <span class=\"_ _3\"></span>patrimonio netto 26, 27 127,3 \u2010<span class=\"ff4\"> </span>127,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>127,3 100,0% 147,0 \u2010<span class=\"ff4\"> </span>147,0 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>147,0 100,0% Altre partecipazi<span class=\"_ _3\"></span>oni 26<span class=\"ls0\"> </span>47,3 \u2010<span class=\"ff4\"> </span>3,9 \u2010<span class=\"ff4\"> </span>5,1 9,0 19,0% 48,6 \u2010<span class=\"ff4\"> </span>3,7 \u2010<span class=\"ff4\"> </span>14,7 18,4 37,9% Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 18<span class=\"ls0\"> </span>158,0 \u2010<span class=\"ff4\"> </span>7,8 9,0 20,5 37,3 23,6% 162,8 \u2010<span class=\"ff4\"> </span>11,0 10,6 21,2 42,8 26,3% Attivit\u00e0 per imposte differit<span class=\"_ _1\"></span>e 14<span class=\"ls0\"> </span>342,9 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>302,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Strumenti finanziari deriv<span class=\"_ _3\"></span>ati 29<span class=\"ls0\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>0,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Totale attivit\u00e0 n<span class=\"_ _3\"></span>on correnti 8.799,2 \u2010<span class=\"ff2 sc0\"> </span>139,0 9,0 25,6 173,6 8.439,2 \u2010<span class=\"ff2 sc0\"> </span>161,7 10,6 35,9 208,2 Attivit\u00e0 correnti Rimanenze 32<span class=\"ls0\"> </span>168,1 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>198,5 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Crediti commerci<span class=\"_ _3\"></span>ali 33<span class=\"ls0\"> </span>3.172,5 \u2010<span class=\"ff4\"> </span>18,4 78,0 18,3 114,7 3,6% 3.586,8 \u2010<span class=\"ff4\"> </span>10,3 81,8 18,9 111,0 3,1% Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti 18<span class=\"ls0\"> </span>23,1 \u2010<span class=\"ff4\"> </span>3,5 3,6 1,3 8,4 36,4% 90,9 \u2010<span class=\"ff4\"> </span>7,0 3,7 1,3 12,0 13,2% Attivit\u00e0 per imposte c<span class=\"_ _3\"></span>orrenti 13<span class=\"ls0\"> </span>31,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>11,4 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Attivit\u00e0 derivanti da co<span class=\"_ _3\"></span>ntratti con clienti cor<span class=\"_ _3\"></span>renti 35<span class=\"ls0\"> </span>263,9 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>433,1 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Altre attivit\u00e0 corr<span class=\"_ _3\"></span>enti 37<span class=\"ls0\"> </span>1.104,5 \u2010<span class=\"ff4\"> </span>2,4 (6,1) 3,9 0,2 0,0% 509,3 \u2010<span class=\"ff4\"> </span>3,1 (3,9) 4,0 3,2 0,6% Strumenti finanziari d<span class=\"_ _3\"></span>erivati 29<span class=\"ls0\"> </span>182,4 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>478,0 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Disponibilit\u00e0 liquide e <span class=\"_ _3\"></span>mezzi equivalenti 18<span class=\"ls0\"> </span>1.315,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>1.332,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Totale attivit\u00e0 c<span class=\"_ _3\"></span>orrenti 6.261,4 \u2010<span class=\"ff2 sc0\"> </span>24,3 75,5 23,5 123,3 6.640,8 \u2010<span class=\"ff2 sc0\"> </span>20,4 81,6 24,2 126,2 TOTALE ATTIVI<span class=\"_ _3\"></span>T\u00c0 15.060,6 \u2010<span class=\"ff2 sc0\"> </span>163,3 84,5 49,1 296,9 15.080,0 \u2010<span class=\"ff2 sc0\"> </span>182,1 92,2 60,1 334,4 // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo H<span class=\"_ _3\"></span>era3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> BE<span class=\"ls0\">/<span class=\"ls7\">24<span class=\"_ _75\"> </span></span></span>377<span class=\"ls0\"> </span>note 31<span class=\"ls0\">-dic-<span class=\"ls3\">24</span> </span>di cui correlate <span class=\"_ _3\"></span> 31<span class=\"ls0\">-dic-<span class=\"ls3\">23</span> </span>di cui correlate <span class=\"_ _3\"></span> A B C D Totale  % A B C D Totale  % PATRIMONIO N<span class=\"_ _3\"></span>ETTO E PASSIVIT<span class=\"_ _3\"></span>\u00c0 Capitale sociale e r<span class=\"_ _3\"></span>iserve Capitale sociale  15<span class=\"ls0\"> </span>1.440,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>1.443,0 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Riserve  15<span class=\"ls0\"> </span>1.744,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>1.553,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Utile (perdita) del p<span class=\"_ _3\"></span>eriodo 15<span class=\"ls0\"> </span>494,5 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>441,4 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Patrimonio nett<span class=\"_ _3\"></span>o del Gruppo 3.680,1 \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>3.438,2 \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>Interessenze di minor<span class=\"_ _3\"></span>anza 16<span class=\"ls0\"> </span>306,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>313,4 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Totale patrimonio <span class=\"_ _3\"></span>netto 3.986,9 \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>3.751,6 \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 19<span class=\"ls0\"> </span>4.154,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>4.421,7 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>1,2 \u2010<span class=\"ff4\"> </span>1,2 0,0% Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing 22<span class=\"ls0\"> </span>54,7 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,9 0,2 4,1 7,5% 56,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>2,7 0,2 2,9 5,1% Benefici ai dipende<span class=\"_ _3\"></span>nti 30<span class=\"ls0\"> </span>79,9 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>88,1 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Fondi 31<span class=\"ls0\"> </span>693,1 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>617,8 \u2010<span class=\"ff4\"> </span>1,0 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>1,0 0,2% Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite 14<span class=\"ls0\"> </span>144,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>156,9 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Totale passivit\u00e0 n<span class=\"_ _3\"></span>on correnti 5.127,1 \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>3,9 0,2 4,1 5.341,3 \u2010<span class=\"ff2 sc0\"> </span>1,0 3,9 0,2 5,1 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 19<span class=\"ls0\"> </span>1.226,7 \u2010<span class=\"ff4\"> </span>3,8 1,9 \u2010<span class=\"ff4\"> </span>5,7 0,5% 890,8 \u2010<span class=\"ff4\"> </span>0,1 0,8 \u2010<span class=\"ff4\"> </span>0,9 0,1% Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing 22<span class=\"ls0\"> </span>24,4 \u2010<span class=\"ff4\"> </span>0,0 1,3 0,1 1,4 5,9% 24,5 \u2010<span class=\"ff4\"> </span>0,0 1,3 0,1 1,4 5,9% Debiti commerciali 34<span class=\"ls0\"> </span>2.723,9 \u2010<span class=\"ff4\"> </span>15,6 24,4 23,9 63,9 2,3% 2.619,3 \u2010<span class=\"ff4\"> </span>4,7 18,6 23,4 46,7 2,1% Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste correnti 13<span class=\"ls0\"> </span>48,2 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>110,2 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Passivit\u00e0 derivanti <span class=\"_ _3\"></span>da contratti con clie<span class=\"_ _3\"></span>nti correnti 36<span class=\"ls0\"> </span>203,2 \u2010<span class=\"ff4\"> </span>4,8 0,1 \u2010<span class=\"ff4\"> </span>4,9 2,4% 397,4 \u2010<span class=\"ff4\"> </span>8,2 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>8,2 2,1% Altre passivit\u00e0 corr<span class=\"_ _3\"></span>enti 38<span class=\"ls0\"> </span>1.512,8 \u2010<span class=\"ff4\"> </span>0,6 7,7 0,4 8,7 0,6% 1.487,3 \u2010<span class=\"ff4\"> </span>0,3 6,3 0,6 7,2 0,4% Strumenti finanziari d<span class=\"_ _3\"></span>erivati 29<span class=\"ls0\"> </span>207,4 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>457,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Totale passivit\u00e0 c<span class=\"_ _3\"></span>orrenti 5.946,6 \u2010<span class=\"ff2 sc0\"> </span>24,8 35,4 24,4 84,6 5.987,1 \u2010<span class=\"ff2 sc0\"> </span>13,3 27,0 24,1 64,4 TOTALE PASSI<span class=\"_ _3\"></span>VIT\u00c0 11.073,7 \u2010<span class=\"ff2 sc0\"> </span>24,8 39,3 24,6 88,7 11.328,4 \u2010<span class=\"ff2 sc0\"> </span>14,3 30,9 24,3 69,5 TOTALE PATRI<span class=\"_ _3\"></span>MONIO NETTO <span class=\"_ _3\"></span>E PASSIVIT\u00c0 15.060,6 \u2010<span class=\"ff2 sc0\"> </span>24,8 39,3 24,6 88,7 15.080,0 \u2010<span class=\"ff2 sc0\"> </span>14,3 30,9 24,3 69,5 378<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> #B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024<span class=\"_ _75\"> </span>// Introduzione<span class=\"_ _75\"> </span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera<span class=\"_ _75\"> </span>3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>2.03.03 <span class=\"_ _8\"> </span>- <span class=\"_ _8\"> </span>Rendiconto <span class=\"_ _8\"> </span>finanziario <span class=\"_ _8\"> </span>ai <span class=\"_ _8\"> </span>sensi <span class=\"_ _8\"> </span>della <span class=\"_ _8\"> </span>delibera Consob 15519/2<span class=\"_ _3\"></span>006 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>DI CUI PARTI C<span class=\"_ _3\"></span>ORRELATE Risultato ante i<span class=\"_ _3\"></span>mposte 736,2 Rettifiche per ri<span class=\"_ _3\"></span>condurre l'utile netto <span class=\"_ _3\"></span>al flusso di cassa da attivit<span class=\"_ _3\"></span>\u00e0 operative Ammortamenti e perdit<span class=\"_ _3\"></span>e di valore di attivit<span class=\"_ _3\"></span>\u00e0 563,4 Accantonamenti ai fo<span class=\"_ _3\"></span>ndi 194,3 Effetto valutazio<span class=\"_ _3\"></span>ne con il metodo del patri<span class=\"_ _3\"></span>monio netto (12,3) (Proventi) oneri f<span class=\"_ _3\"></span>inanziari 106,0 (Plusvalenze) minu<span class=\"_ _3\"></span>svalenze e altri eleme<span class=\"_ _3\"></span>nti non monetari (1,2) Variazione fondi (<span class=\"ls1\">34</span>,9) Variazione fondi per <span class=\"_ _3\"></span>benefici ai dipend<span class=\"_ _3\"></span>enti (10,0) Totale <span class=\"_ _7\"></span>disponibilit\u00e0 <span class=\"_ _7\"></span>liquide <span class=\"_ _6\"></span>gener<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>ima <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>variazioni <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>capit<span class=\"_ _3\"></span>ale <span class=\"_ _6\"></span>circo<span class=\"_ _3\"></span>lante netto 1.5<span class=\"ls1\">41</span>,5<span class=\"_ _3\"></span> (Incremento) decre<span class=\"_ _3\"></span>mento di rimanenze 39,5 (Incremento) decre<span class=\"_ _3\"></span>mento di crediti comm<span class=\"_ _3\"></span>erciali (800,9) (3,7) Incremento (decreme<span class=\"_ _3\"></span>nto) di debiti comme<span class=\"_ _3\"></span>rciali (49,0) 17,2 Incremento/decr<span class=\"_ _3\"></span>emento delle altre attivit<span class=\"_ _3\"></span>\u00e0/passivit\u00e0 correnti,<span class=\"_ _3\"></span> compresi contratti c<span class=\"_ _3\"></span>on clienti 4<span class=\"ls3\">38</span>,2 4,5 Variazione capital<span class=\"_ _3\"></span>e circolante (3<span class=\"ls3\">72<span class=\"ls0\">,2) </span></span>Dividendi incass<span class=\"_ _3\"></span>ati 12,8 6,4 Interessi attivi e altri pr<span class=\"_ _3\"></span>oventi finanziari in<span class=\"_ _3\"></span>cassati 56,8 4,5 Interessi passivi, o<span class=\"_ _3\"></span>neri netti su derivati e <span class=\"_ _3\"></span>altri oneri finanziari <span class=\"_ _3\"></span>pagati (192,6) (0,3) Imposte pagate (193,3) Disponibilit\u00e0 liq<span class=\"_ _3\"></span>uide generate (assor<span class=\"_ _3\"></span>bite) dall'attivit\u00e0 o<span class=\"_ _3\"></span>perativa (a) 853,0 Investimenti in imm<span class=\"_ _3\"></span>obili, impianti e mac<span class=\"_ _3\"></span>chinari (282,1) Investimenti in attivit\u00e0 im<span class=\"_ _3\"></span>materiali (578,2) Investimenti in impr<span class=\"_ _3\"></span>ese controllate e rami <span class=\"_ _3\"></span>aziendali al netto delle di<span class=\"_ _3\"></span>sponibilit\u00e0 liquide (33,1) Prezzo di cessione di im<span class=\"_ _3\"></span>mobilizzazioni m<span class=\"_ _3\"></span>ateriali e immateri<span class=\"_ _3\"></span>ali 8,0 (Incremento) decre<span class=\"_ _3\"></span>mento di altre attivit<span class=\"_ _3\"></span>\u00e0 d'investimento 81,2 11,2 Disponibilit\u00e0 ge<span class=\"_ _3\"></span>nerate (assorbite) <span class=\"_ _3\"></span>dall'attivit\u00e0 di investim<span class=\"_ _3\"></span>ento (b) (804,6) Nuove emissioni di <span class=\"_ _3\"></span>debiti finanziari a lun<span class=\"_ _3\"></span>go termine 471,1 Rimborsi di debiti f<span class=\"_ _3\"></span>inanziari non corr<span class=\"_ _3\"></span>enti (7,9) Rimborsi e altre <span class=\"_ _3\"></span>variazioni nette di debiti <span class=\"_ _3\"></span>finanziari (252,9) 3,5 Rimborsi di passivit<span class=\"_ _3\"></span>\u00e0 per leasing (20,6) (0,1) Acquisto quote di part<span class=\"_ _3\"></span>ecipazioni in impre<span class=\"_ _3\"></span>se consolidate (1,3) Aumento capital<span class=\"_ _3\"></span>e sociale minoranze 1,3 Dividendi pagati ad a<span class=\"_ _3\"></span>zionisti Hera e int<span class=\"_ _3\"></span>eressenze di minor<span class=\"_ _3\"></span>anza (248,8) (79,5) (Investimenti) disin<span class=\"_ _3\"></span>vestimenti in azioni <span class=\"_ _3\"></span>proprie  (6,5) Disponibilit\u00e0 ge<span class=\"_ _3\"></span>nerate (assorbite) <span class=\"_ _3\"></span>dall'attivit\u00e0 di finanzi<span class=\"_ _3\"></span>amento (c) (65,6) Incremento (de<span class=\"_ _3\"></span>cremento) disponi<span class=\"_ _3\"></span>bilit\u00e0 liquide (a+b+c) (17,2) Disponibilit\u00e0 liquide e <span class=\"_ _3\"></span>mezzi equivalenti all<span class=\"_ _3\"></span>'inizio dell'esercizio 1.332,8 Disponibilit\u00e0 liquide e <span class=\"_ _3\"></span>mezzi equivalenti all<span class=\"_ _3\"></span>a fine dell'eser<span class=\"_ _3\"></span>cizio 1.315,6 // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera<span class=\"_ _75\"> </span>3/ Bilancio separato d<span class=\"_ _3\"></span>ella Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> #B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024<span class=\"_ _75\"> </span>379<span class=\"ls0\"> </span>2.03.04 <span class=\"_ _10\"> </span><span class=\"ls0\">- <span class=\"_ _8\"> </span>Indebitament<span class=\"_ _3\"></span>o <span class=\"_ _8\"> </span>finanz<span class=\"_ _3\"></span>iario <span class=\"_ _8\"> </span>netto <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>sensi <span class=\"_ _10\"> </span>della </span>comunicazione <span class=\"_ _3\"></span>Consob Dem/6064293 del<span class=\"_ _1\"></span> 2006 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>A B C D A B C D A Disponibilit\u00e0 liquide 1.315,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>1.332,8 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>B Mezzi equivalenti a disponibilit\u00e0 liquide<span class=\"_ _3\"></span> \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>C Altre attivit\u00e0 finanziarie correnti 23,1 \u2010<span class=\"ff4\"> </span>3,5 3,6 1,3 90,9 \u2010<span class=\"ff4\"> </span>7,0 3,7 1,3 D Liquidit\u00e0 (A+B+<span class=\"_ _3\"></span>C) 1.338,7 1.423,7 di cui correlate \u2010<span class=\"ff2 sc0\"> </span>3,5 3,6 1,3 \u2010<span class=\"ff2 sc0\"> </span>7,0 3,7 1,3 E Debito finanziari<span class=\"_ _3\"></span>o corrente (777,0) \u2010<span class=\"ff4\"> </span>(3,8) (1,9) \u2010<span class=\"ff4\"> </span>(411,9) \u2010<span class=\"ff4\"> </span>(0,1) (0,7) \u2010<span class=\"ff4\"> </span>F Parte corrente d<span class=\"_ _3\"></span>el debito finanziario non corrente (474,1) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(1,3) (0,1) (524,1) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(1,4) (0,1) G Indebitamento finanziario corrente (E+F) (1.251,1) (936,0) di cui correlate \u2010<span class=\"ff2 sc0\"> </span>(3,8) (3,2) (0,1) \u2010<span class=\"ff2 sc0\"> </span>(0,1) (2,1) (0,1) H Indebitamento finanziario corrente netto (G+D) 87,6 487,7 di cui correlate \u2010<span class=\"ff2 sc0\"> </span>(0,3) 0,4 1,2 \u2010<span class=\"ff2 sc0\"> </span>6,9 1,6 1,2 I Debito finanziari<span class=\"_ _3\"></span>o non corrente   (808,0) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(3,8) (0,2) (1.087,0) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(3,9) (0,2) J Strumenti di debito <span class=\"_ _3\"></span> (3.401,3) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(3.391,2) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>K Debiti commerciali e altri debiti non correnti  \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>L Indebitamento finanziario non corrente (I+J+K) <span class=\"_ _3\"></span> (4.209,3) (4.478,2) di cui correlate \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>(3,8) (0,2) \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>(3,9) (0,2) M Totale indebitamento finanziario (H+L) Orientamenti Esma 32 - 382 - 1138 (4.121,7) (3.990,5) di cui correlate \u2010<span class=\"ff2 sc0\"> </span>(0,3) (3,4) 1,0 \u2010<span class=\"ff2 sc0\"> </span>6,9 (2,3) 1,0 Crediti finanziari non correnti 158,0 162,8 di cui correlate \u2010<span class=\"ff2 sc0\"> </span>7,9 9,0 20,5 \u2010<span class=\"ff2 sc0\"> </span>11,0 10,6 21,2 Indebitamento finanziario netto<span class=\"_ _3\"></span> (3.963,7) (3.827,7) di cui correlate \u2010<span class=\"ff2 sc0\"> </span>7,6 5,6 21,5 \u2010<span class=\"ff2 sc0\"> </span>17,9 8,3 22,2 <div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">380</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">#B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024</div><div class=\"t m0 xb h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione</div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff4 fs3 fc7 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera</div><div class=\"t m5 x20 h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 lsb ws0\">2.03.05 <span class=\"ls0\">- Elenco<span class=\"_ _3\"></span> parti correlate<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h4e y1b98 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1deb ff1 fs1 fc1 sc0 ls0 ws0\">I valori riportati nella tabell<span class=\"_ _3\"></span>a al 31 dicembre 20<span class=\"_ _3\"></span>24<span class=\"_ _5\"></span> sono relativi all<span class=\"_ _3\"></span>e parti correlate di seg<span class=\"_ _3\"></span>uito elencate: </div><div class=\"t m0 x1b h4e y13d0 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y1077 ff3 fs12 fc2 sc0 ls0 ws0\">Gruppo A - Socie<span class=\"_ _3\"></span>t\u00e0 controllate non con<span class=\"_ _3\"></span>solidat<span class=\"_ _3\"></span>e </div><div class=\"t m0 x1b h3 y12 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1802 ff1 fs1 fc1 sc0 ls0 ws0\">- </div><div class=\"t m0 x1b h4e y1f20 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y1c78 ff3 fs12 fc2 sc0 ls0 ws0\">Gruppo B - Socie<span class=\"_ _3\"></span>t\u00e0 collegate e<span class=\"_ _3\"></span> a controllo con<span class=\"_ _3\"></span>giunto<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h4e y1f21 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1f22 ff1 fs1 fc1 sc0 ls0 ws0\">Adria Link Srl </div><div class=\"t m0 x1b h3 y1f23 ff1 fs1 fc1 sc0 ls0 ws0\">Aimag Spa </div><div class=\"t m0 x1b h3 y1ddc ff1 fs1 fc1 sc0 ls0 ws0\">ASM SET Srl </div><div class=\"t m0 x1b h3 y1f24 ff1 fs1 fc1 sc0 ls0 ws0\">Aurora Srl </div><div class=\"t m0 x1b h3 y1f25 ff1 fs1 fc1 sc0 ls0 ws0\">Enomondo Srl </div><div class=\"t m0 x1b h3 y821 ff1 fs1 fc1 sc0 ls0 ws0\">H.E.P.T. Co. Ltd </div><div class=\"t m0 x1b h3 y1f26 ff1 fs1 fc1 sc0 ls0 ws0\">Natura Srl in liquidazio<span class=\"_ _3\"></span>ne </div><div class=\"t m0 x1b h3 y1847 ff1 fs1 fc1 sc0 ls0 ws0\">Oikothen Scarl in liq<span class=\"_ _3\"></span>uidazione </div><div class=\"t m0 x1b h3 y824 ff1 fs1 fc1 sc0 ls20 ws0\">SEA <span class=\"ls0\">- Servizi Ecologici Ambientali S<span class=\"_ _3\"></span>rl </span></div><div class=\"t m0 x1b h3 y1f ff1 fs1 fc1 sc0 ls0 ws0\">Set Spa </div><div class=\"t m0 x1b h3 y1613 ff1 fs1 fc1 sc0 ls0 ws0\">Sgr Servizi Spa </div><div class=\"t m0 x1b h3 y629 ff1 fs1 fc1 sc0 ls0 ws0\">Tamarete Energia Srl </div><div class=\"t m0 x1b h3 ya1c ff1 fs1 fc1 sc0 ls0 ws0\">Tre Monti Srl </div><div class=\"t m0 x1b h4e y1f27 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y57e ff3 fs12 fc2 sc0 ls0 ws0\">Gruppo C - Par<span class=\"_ _3\"></span>ti correlate a<span class=\"_ _3\"></span> influenza notevo<span class=\"_ _3\"></span>le </div><div class=\"t m0 x1b h4e y1e4d ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y41b ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Bologna </div><div class=\"t m0 x1b h3 y1f28 ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Casalecchi<span class=\"_ _3\"></span>o di Reno </div><div class=\"t m0 x1b h3 y14a8 ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Cesena </div><div class=\"t m0 x1b h3 y154f ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Ferrara </div><div class=\"t m0 x1b h3 y1b7d ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Imola </div><div class=\"t m0 x1b h3 y1bc7 ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Modena </div><div class=\"t m0 x1b h3 y1bc8 ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Padova </div><div class=\"t m0 x1b h3 y1f29 ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Ravenna </div><div class=\"t m0 x1b h3 y1bc9 ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Rimini </div><div class=\"t m0 x1b h3 y11e7 ff1 fs1 fc1 sc0 ls0 ws0\">Comune di Trieste </div><div class=\"t m0 x1b h3 y548 ff1 fs1 fc1 sc0 ls0 ws0\">Con.Ami </div><div class=\"t m0 x1b h3 y17f3 ff1 fs1 fc1 sc0 ls0 ws0\">Ferrara Tua S<span class=\"ls10\">pa</span> </div><div class=\"t m0 x1b h3 y1bcb ff1 fs1 fc1 sc0 ls0 ws0\">Ravenna Holding Spa </div><div class=\"t m0 x1b h3 y1f2a ff1 fs1 fc1 sc0 ls0 ws0\">Rimini Holding Spa </div><div class=\"t m0 x1b h4e yf8e ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y1e27 ff3 fs12 fc2 sc0 ls0 ws0\">Gruppo D - Al<span class=\"_ _3\"></span>tre parti correlate </div><div class=\"t m0 x1b h4e y5f1 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y293 ff1 fs1 fc1 sc0 ls0 ws0\">Acosea Impianti Srl </div><div class=\"t m0 x1b h3 y550 ff1 fs1 fc1 sc0 ls0 ws0\">Acquedotto del Dragon<span class=\"_ _3\"></span>e Impianti Spa </div><div class=\"t m0 x1b h3 y551 ff1 fs1 fc1 sc0 ls0 ws0\">Aloe Spa </div><div class=\"t m0 x1b h3 y552 ff1 fs1 fc1 sc0 ls0 ws0\">Amir Spa - Asset </div><div class=\"t m0 x1b h3 y553 ff1 fs1 fc1 sc0 ls0 ws0\">Aspes Spa </div><div class=\"t m0 x1b h3 y554 ff1 fs1 fc1 sc0 ls0 ws0\">Calenia Energia Spa </div><div class=\"t m0 x1b h3 y555 ff1 fs1 fc1 sc0 ls0 ws0\">Fiorano Gestioni Patrim<span class=\"_ _3\"></span>oniali Srl </div><div class=\"t m0 x1b h3 y556 ff1 fs1 fc1 sc0 ls0 ws0\">Formigine Patrimonio Sr<span class=\"_ _3\"></span>l </div><div class=\"t m0 x1b h3 y557 ff1 fs1 fc1 sc0 ls0 ws0\">Maranello Patrimoni<span class=\"_ _3\"></span>o Srl </div><div class=\"t m0 x1b h3 y558 ff1 fs1 fc1 sc0 ls0 ws0\">Romagna Acque Spa </div><div class=\"t m0 x1b h3 y559 ff1 fs1 fc1 sc0 ls0 ws0\">Sassuolo Gestioni P<span class=\"_ _3\"></span>atrimoniali Srl </div><div class=\"t m0 x1b h3 y55a ff1 fs1 fc1 sc0 ls0 ws0\">Serramazzoni Patrimo<span class=\"_ _3\"></span>nio Srl </div><div class=\"t m0 x1b h3 y1ca ff1 fs1 fc1 sc0 ls0 ws0\">Societ\u00e0 Italiana Servizi<span class=\"_ _3\"></span> Spa - Sis Spa asset </div><div class=\"t m0 x1b h3 y55b ff1 fs1 fc1 sc0 ls0 ws0\">Te.Am  Societ\u00e0 Territori<span class=\"_ _3\"></span>o Ambiente Srl </div><div class=\"t m0 x1b h3 y55c ff1 fs1 fc1 sc0 ls0 ws0\">Team Srl - Assets </div><div class=\"t m0 x1b h3 y55d ff1 fs1 fc1 sc0 ls0 ws0\">Unica Reti Spa - Asset </div><div class=\"t m0 x1b h4e y1499 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y9e6 ff1 fs1 fc1 sc0 ls0 ws0\">Sindaci, amministrator<span class=\"_ _3\"></span>i, dirigenti strategici, familiari di dirigenti strategic<span class=\"_ _3\"></span>i ed entit\u00e0 correlate ai dirig<span class=\"_ _3\"></span>enti strategici<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 y15ac ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff4 fs3 fc7 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera</div><div class=\"t m5 x27 h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separato d<span class=\"_ _3\"></span>ella Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 xa2 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">#B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024</div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">381<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">2.03.06 <span class=\"_ _6c\"> </span>- <span class=\"_ _6c\"> </span>Note <span class=\"_ _6c\"> </span>di <span class=\"_ _6c\"> </span>comment<span class=\"_ _3\"></span>o <span class=\"_ _6c\"> </span>ai <span class=\"_ _6c\"> </span>rapporti <span class=\"_ _6c\"> </span>con<span class=\"_ _3\"></span> <span class=\"_ _6c\"> </span>parti </div><div class=\"t m0 x23 h42 y5d8 ff8 fsa fc2 sc0 ls0 ws0\">correlate </div><div class=\"t m0 x23 h3 y5d9 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h122 y1c81 ff3 fs12 fc2 sc0 ls0 ws0\">Gestione dei se<span class=\"_ _3\"></span>rvizi </div><div class=\"t m0 x23 h3 y1f2b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y56f ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _d\"> </span>Hera <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>concessionario <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>gran <span class=\"_ _d\"> </span>parte <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>territorio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>competenza <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>nella <span class=\"_ _d\"> </span>quasi <span class=\"_ _d\"> </span>totalit\u00e0 <span class=\"_ _e\"></span>dei <span class=\"_ _d\"> </span>territori <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ei </div><div class=\"t m0 x23 h3 y1372 ff1 fs1 fc1 sc0 ls0 ws0\">Comuni <span class=\"_ _5\"></span>azionisti <span class=\"_ _7\"></span>relativamente al<span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>province <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>Modena, <span class=\"_ _5\"></span>Bologna, <span class=\"_ _5\"></span>Ferrara, <span class=\"_ _7\"></span>Forl\u00ec<span class=\"_ _7\"></span>-Cesena, <span class=\"_ _5\"></span>Ravenna, <span class=\"_ _5\"></span>Rimini, <span class=\"_ _7\"></span>Padova, </div><div class=\"t m0 x23 h43 y1f2c ff5 fs1 fc1 sc0 ls0 ws0\">Udine, <span class=\"_ _e\"> </span>Trieste, <span class=\"_ _e\"> </span>Gorizia <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>Pesaro <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>servizi <span class=\"_ _6\"> </span>pubblici <span class=\"_ _e\"> </span>locali <span class=\"_ _e\"> </span>d\u2019interesse <span class=\"_ _6\"> </span>econo<span class=\"_ _5\"></span>mico <span class=\"_ _6\"> </span>(distribuzione <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>gas <span class=\"_ _6\"> </span>naturale <span class=\"_ _e\"> </span>a </div><div class=\"t m0 x23 h3 y572 ff1 fs1 fc1 sc0 ls0 ws0\">mezzo di gasdotti locali, servizi<span class=\"_ _3\"></span>o idrico integrato e servizi ambientali, com<span class=\"_ _3\"></span>prensivi di spazzament<span class=\"_ _3\"></span>o, raccolta, trasporto </div><div class=\"t m0 x23 h43 y1f2d ff5 fs1 fc1 sc0 ls0 ws0\">e  avvio <span class=\"_ _f\"> </span>al  re<span class=\"_ _3\"></span>cupero  e <span class=\"_ _f\"> </span>allo  smaltim<span class=\"_ _3\"></span>ento  dei <span class=\"_ _f\"> </span>rifiuti).  I<span class=\"_ _3\"></span>l  servi<span class=\"_ _3\"></span>zio  di <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>dell\u2019energia  el<span class=\"_ _3\"></span>ettrica <span class=\"_ _f\"> </span>\u00e8  svolto <span class=\"_ _f\"> </span>nei </div><div class=\"t m0 x23 h3 y13bc ff1 fs1 fc1 sc0 ls0 ws0\">comprensori <span class=\"_ _f\"> </span>di  Modena <span class=\"_ _f\"> </span>e  Imola,  e <span class=\"_ _f\"> </span>nei  comuni <span class=\"_ _f\"> </span>di  Trieste <span class=\"_ _f\"> </span>e  Gorizia. <span class=\"_ _f\"> </span>Altri  servizi <span class=\"_ _f\"> </span>di  pubblica <span class=\"_ _f\"> </span>ut<span class=\"_ _5\"></span>ilit\u00e0 <span class=\"_ _f\"> </span>(tra  questi,<span class=\"_ _75\"> </span><span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y575 ff1 fs1 fc1 sc0 ls0 ws0\">teleriscaldamento<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>urbano, <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>energia <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>pubblica <span class=\"_ _6\"></span>illuminazione) <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>svolti <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>libero <span class=\"_ _6\"></span>mercato <span class=\"_ _6\"></span>ovvero </div><div class=\"t m0 x23 h3 y1d3b ff1 fs1 fc1 sc0 ls0 ws0\">attraverso s<span class=\"_ _5\"></span>pecifiche convenzioni <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>enti <span class=\"_ _5\"></span>locali <span class=\"_ _5\"></span>interessati. <span class=\"_ _5\"></span>Attraverso appositi <span class=\"_ _5\"></span>rapporti <span class=\"_ _5\"></span>convenzionali <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>enti </div><div class=\"t m0 x23 h3 y1e81 ff1 fs1 fc1 sc0 ls0 ws0\">locali e/o le agenzie di ambito territor<span class=\"_ _3\"></span>iale, al Gruppo Hera \u00e8 dem<span class=\"_ _3\"></span>andato anche il servizio di tratt<span class=\"_ _3\"></span>amento e smaltimento </div><div class=\"t m0 x23 h3 y578 ff1 fs1 fc1 sc0 ls0 ws0\">rifiuti, non gi\u00e0 ricompre<span class=\"_ _3\"></span>so nelle attivit\u00e0 di igi<span class=\"_ _3\"></span>ene urbana.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y1e82 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h122 yfbb ff3 fs12 fc2 sc0 ls0 ws0\">Settore idrico </div><div class=\"t m0 x23 h3 y161c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1e16 ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>ervizio <span class=\"_ _6\"></span>idrico <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>gestito <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>Hera <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>alcuni <span class=\"_ _e\"></span>territori <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>pertinenza <span class=\"_ _6\"></span>delle <span class=\"_ _e\"> </span>regioni <span class=\"_ _e\"></span>Emilia<span class=\"_ _7\"></span>-Romagna, <span class=\"_ _6\"></span>Veneto, </div><div class=\"t m0 x23 h3 y8b ff1 fs1 fc1 sc0 ls0 ws0\">Friuli-Venezia <span class=\"_ _7\"></span>Giulia <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>Marche. <span class=\"_ _7\"></span>Esso <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>svolto <span class=\"_ _7\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>convenzioni <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tipulate <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>rispettive <span class=\"_ _5\"></span>autori<span class=\"_ _5\"></span>t\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>ambito </div><div class=\"t m0 x23 h3 y912 ff1 fs1 fc1 sc0 ls0 ws0\">locale, di durata vari<span class=\"_ _3\"></span>abile, normalmente ve<span class=\"_ _3\"></span>ntennale. </div><div class=\"t m0 x23 h3 y913 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y914 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019affidamento <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _d\"> </span>Hera <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>gestione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _d\"> </span>servizio <span class=\"_ _f\"> </span>idrico <span class=\"_ _d\"> </span>integrato <span class=\"_ _d\"> </span>ha <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>oggetto <span class=\"_ _f\"> </span>l\u2019insie<span class=\"_ _3\"></span>me <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>di </div><div class=\"t m0 x23 h3 y915 ff1 fs1 fc1 sc0 ls0 ws0\">captazione, <span class=\"_ _6\"></span>potabilizzazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>distribuzione <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>cqua <span class=\"_ _6\"></span>potabil<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>uso <span class=\"_ _6\"></span>civile <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>industriale <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>rvizio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fognatura <span class=\"_ _6\"></span>e </div><div class=\"t m0 x23 h3 y916 ff1 fs1 fc1 sc0 ls0 ws0\">depurazione. <span class=\"_ _4\"> </span>Le <span class=\"_ _10\"> </span>convenzioni  st<span class=\"_ _5\"></span>ipulate <span class=\"_ _4\"> </span>con <span class=\"_ _10\"> </span>le <span class=\"_ _4\"> </span>autorit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>ambito  locale <span class=\"_ _10\"> </span>prevedono <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>capo <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>gestore <span class=\"_ _10\"> </span>an<span class=\"_ _3\"></span>che </div><div class=\"t m0 x23 h43 y917 ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019esecuzione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>di  prog<span class=\"_ _3\"></span>ettazione <span class=\"_ _f\"> </span>e  re<span class=\"_ _3\"></span>alizzazione <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>nuove  reti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>impianti <span class=\"_ _f\"> </span>funzionali <span class=\"_ _f\"> </span>all\u2019erogazione <span class=\"_ _f\"> </span>del </div><div class=\"t m0 x23 h3 y918 ff1 fs1 fc1 sc0 ls0 ws0\">servizio. Le <span class=\"_ _5\"></span>convenzioni regolano <span class=\"_ _5\"></span>gli aspetti <span class=\"_ _5\"></span>economici del <span class=\"_ _5\"></span>rapporto contrattuale, <span class=\"_ _5\"></span>le modalit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gestion<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>del servizio, </div><div class=\"t m0 x23 h3 y919 ff1 fs1 fc1 sc0 ls0 ws0\">nonch\u00e9 gli standard <span class=\"_ _3\"></span>prestazionali e di qualit\u00e0. </div><div class=\"t m0 x23 h3 y91a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y10e ff5 fs1 fc1 sc0 ls0 ws0\">La competenza sulla regolazio<span class=\"_ _3\"></span>ne del servizio idrico \u00e8 deman<span class=\"_ _3\"></span>data all\u2019autorit\u00e0 nazionale Arera, si<span class=\"_ _3\"></span>a per quanto riguarda<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y91b ff5 fs1 fc1 sc0 ls0 ws0\">gli <span class=\"_ _1d\"> </span>aspetti <span class=\"_ _1d\"> </span>tariffari <span class=\"_ _1d\"> </span>che <span class=\"_ _1d\"> </span>della <span class=\"_ _1d\"> </span>qualit\u00e0 <span class=\"_ _1d\"> </span>del <span class=\"_ _1d\"> </span>servizio. <span class=\"_ _1d\"> </span>L\u2019attuale <span class=\"_ _1d\"> </span>periodo <span class=\"_ _1d\"> </span>regolatorio <span class=\"_ _1d\"> </span>2024<span class=\"_ _7\"></span><span class=\"ff1\">-2029 <span class=\"_ _1d\"> </span>(delibera <span class=\"_ _1d\"> </span>Arera </span></div><div class=\"t m0 x23 h3 y91c ff1 fs1 fc1 sc0 ls0 ws0\">639/2023/R/idr) \u00e8 il qu<span class=\"_ _3\"></span>arto periodo tariffari<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y111 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y91d ff1 fs1 fc1 sc0 ls0 ws0\">Al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>garantire <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>aggiore <span class=\"_ _6\"></span>stabilit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sviluppo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>ciclo<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>idrico, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>durata <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _6\"></span>quarto <span class=\"_ _7\"></span>periodo <span class=\"_ _6\"></span>regolatorio <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stata<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y91e ff1 fs1 fc1 sc0 ls0 ws0\">estesa a<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ei annualit\u00e0, <span class=\"_ _5\"></span>ricomprendendo pertanto <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>2024<span class=\"_ _5\"></span>-<span class=\"ff5\">2029, <span class=\"_ _5\"></span>con l\u2019<span class=\"_ _5\"></span>introduzion<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>alcuni <span class=\"_ _5\"></span>elementi di <span class=\"_ _5\"></span>novit\u00e0 </span></div><div class=\"t m0 x23 h43 yc6 ff5 fs1 fc1 sc0 ls0 ws0\">quali <span class=\"_ _6\"> </span>l\u2019incentivazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>azioni<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>sostenibilit\u00e0 <span class=\"_ _6\"> </span>ener<span class=\"_ _5\"></span>getica <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ambientale, <span class=\"_ _6\"></span>ulteriori <span class=\"_ _6\"></span>obiettivi <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>qualit\u00e0 <span class=\"_ _6\"></span>tecnica, <span class=\"_ _6\"></span>nonch\u00e9 </div><div class=\"t m0 x23 h43 y91f ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019allargamento <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>perimetro <span class=\"_ _7\"></span>re<span class=\"_ _5\"></span>golatori<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>gestione <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>acque <span class=\"_ _6\"></span>meteoriche. <span class=\"_ _7\"></span>A <span class=\"_ _6\"></span>ciascun <span class=\"_ _6\"></span>ge<span class=\"_ _3\"></span>store <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>riconosciuto <span class=\"_ _6\"></span>un </div><div class=\"t m0 x23 h3 y920 ff1 fs1 fc1 sc0 ls0 ws0\">ricavo <span class=\"_ _6\"></span>gara<span class=\"_ _3\"></span>ntito <span class=\"_ _6\"></span>(Vrg)<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>indipen<span class=\"_ _3\"></span>dente <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>dinamica <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>volumi <span class=\"_ _7\"></span>distribuiti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>determinato <span class=\"_ _7\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>costi <span class=\"_ _6\"></span>operativi<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h43 y116 ff5 fs1 fc1 sc0 ls0 ws0\">(efficientabili ed <span class=\"_ _5\"></span>esogeni), <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>capitale <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>funzione <span class=\"_ _5\"></span>degli in<span class=\"_ _5\"></span>vestimenti realizzati <span class=\"_ _5\"></span>nonch\u00e9, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019ambito d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>Rimini,<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y921 ff1 fs1 fc1 sc0 ls0 ws0\">del <span class=\"_ _f\"> </span>risultato <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>procedura <span class=\"_ _f\"> </span>competitiva <span class=\"_ _f\"> </span>conclusa, <span class=\"_ _f\"> </span>a  segui<span class=\"_ _3\"></span>to <span class=\"_ _f\"> </span>della  q<span class=\"_ _3\"></span>uale <span class=\"_ _f\"> </span>\u00e8  stato <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>tipulat<span class=\"_ _3\"></span>o  i<span class=\"_ _3\"></span>l <span class=\"_ _f\"> </span>nuovo  c<span class=\"_ _3\"></span>ontratto <span class=\"_ _f\"> </span>di </div><div class=\"t m0 x23 h3 y922 ff1 fs1 fc1 sc0 ls0 ws0\">concessione per il p<span class=\"_ _3\"></span>eriodo 2022-2039. </div><div class=\"t m0 x23 h3 y119 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y923 ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _7\"></span>lo <span class=\"_ _5\"></span>svolgimento <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>servizio <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>gestore <span class=\"_ _7\"></span>si <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>vvale <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>reti, <span class=\"_ _5\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ltre <span class=\"_ _5\"></span>dotazioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>sua <span class=\"_ _7\"></span>propriet\u00e0, <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>propriet\u00e0 <span class=\"_ _5\"></span>dei </div><div class=\"t m0 x23 h3 y924 ff1 fs1 fc1 sc0 ls0 ws0\">Comuni e di propriet<span class=\"_ _3\"></span>\u00e0 delle societ\u00e0 patrim<span class=\"_ _3\"></span>oniali. Tali beni, face<span class=\"_ _3\"></span>nti parte del patrimonio i<span class=\"_ _3\"></span>drico indisponibile del ge<span class=\"_ _3\"></span>store, </div><div class=\"t m0 x23 h3 y11c ff1 fs1 fc1 sc0 ls0 ws0\">oppure <span class=\"_ _5\"></span>concessi <span class=\"_ _7\"></span>allo <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tesso <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>uso <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>affitto, <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>termine <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>concessione <span class=\"_ _7\"></span>devono <span class=\"_ _5\"></span>essere <span class=\"_ _7\"></span>riconsegnati <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>Comuni, </div><div class=\"t m0 x23 h3 y1f2e ff1 fs1 fc1 sc0 ls0 ws0\">societ\u00e0 <span class=\"_ _6\"></span>patrimoniali, <span class=\"_ _6\"></span>autorit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ambito <span class=\"_ _6\"></span>loc<span class=\"_ _3\"></span>ale, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>messi <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>disposizione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>gestore <span class=\"_ _6\"></span>subentrante. <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>opere </div><div class=\"t m0 x23 h3 y1f2f ff1 fs1 fc1 sc0 ls0 ws0\">realizzate <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Hera <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>servizio <span class=\"_ _7\"></span>idrico <span class=\"_ _7\"></span>dovranno <span class=\"_ _6\"></span>es<span class=\"_ _3\"></span>sere <span class=\"_ _7\"></span>restituite <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>citati <span class=\"_ _6\"></span>enti <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>f<span class=\"_ _5\"></span>ronte <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>pagam<span class=\"_ _3\"></span>ento <span class=\"_ _7\"></span>del </div><div class=\"t m0 x23 h3 y11f ff1 fs1 fc1 sc0 ls0 ws0\">valore residuo di tali <span class=\"_ _3\"></span>beni. </div><div class=\"t m0 x23 h3 y1f30 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y1070 ff5 fs1 fc1 sc0 ls0 ws0\">I <span class=\"_ _7\"></span>rapporti <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>Hera <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>n <span class=\"_ _7\"></span>l\u2019<span class=\"_ _5\"></span>utenza <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>disciplinati <span class=\"_ _6\"></span>dai<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>regolamenti <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ornitura, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>carte <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ervizi </div><div class=\"t m0 x23 h3 y122 ff1 fs1 fc1 sc0 ls0 ws0\">redatte <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>schemi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>pprovati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dalle <span class=\"_ _7\"></span>autorit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>ambit<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>ocale, <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>coerenz<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lle <span class=\"_ _7\"></span>disposizioni <span class=\"_ _7\"></span>di </div><div class=\"t m0 x23 h3 y832 ff1 fs1 fc1 sc0 ls0 ws0\">Arera in termini di qual<span class=\"_ _3\"></span>it\u00e0 del servizio e della <span class=\"_ _3\"></span>risorsa.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y1071 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h122 ydca ff3 fs12 fc2 sc0 ls0 ws0\">Settore ambiente<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y1e90 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yabb ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _f\"> </span>servizio <span class=\"_ _d\"> </span>rifiuti <span class=\"_ _f\"> </span>urbani <span class=\"_ _d\"> </span>gestito <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>Hera <span class=\"_ _d\"> </span>ne<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>territorio <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>compete<span class=\"_ _3\"></span>nza <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>svolto <span class=\"_ _d\"> </span>sulla <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ase <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>convenzioni </div><div class=\"t m0 x23 h3 y1f31 ff1 fs1 fc1 sc0 ls0 ws0\">stipulate <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>autorit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>ambito <span class=\"_ _d\"> </span>locale <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>ha <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>o<span class=\"_ _5\"></span>ggetto <span class=\"_ _d\"> </span>la <span class=\"_ _e\"> </span>ges<span class=\"_ _5\"></span>tione <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>sclusiva <span class=\"_ _e\"> </span>dei <span class=\"_ _f\"> </span>servizi <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>raccolta, <span class=\"_ _d\"> </span>trasporto, </div><div class=\"t m0 x23 h3 y14f9 ff1 fs1 fc1 sc0 ls0 ws0\">spazzamento <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>lavaggio <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>strade, <span class=\"_ _f\"> </span>avvio <span class=\"_ _f\"> </span>al  r<span class=\"_ _3\"></span>ecupero <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>smaltimento <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>rifiuti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>altre <span class=\"_ _f\"> </span>att<span class=\"_ _5\"></span>ivit\u00e0 <span class=\"_ _f\"> </span>minori. <span class=\"_ _f\"> </span>Le </div><div class=\"t m0 x23 h3 y1446 ff1 fs1 fc1 sc0 ls0 ws0\">convenzioni <span class=\"_ _6\"></span>stipulate <span class=\"_ _6\"></span>con <span class=\"_ _e\"></span>le <span class=\"_ _6\"></span>autorit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>amb<span class=\"_ _5\"></span>ito <span class=\"_ _6\"></span>locale <span class=\"_ _6\"></span>regolano <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>aspetti <span class=\"_ _6\"></span>economici <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rapporto <span class=\"_ _e\"></span>contrattuale, <span class=\"_ _6\"></span>ma </div><div class=\"t m0 x23 h3 y184e ff1 fs1 fc1 sc0 ls0 ws0\">anche le modalit\u00e0 di organizza<span class=\"_ _3\"></span>zione e gestione del servizio e i livelli quantitativi e qualitativi delle <span class=\"_ _3\"></span>prestazioni erogate.<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 yb84 ff1 fs1 fc1 sc0 ls0 ws0\">A <span class=\"_ _7\"></span>partire <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>2020 <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>regolazione <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>servizio <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>rifiuti <span class=\"_ _5\"></span>urbani <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stata <span class=\"_ _5\"></span>assunta <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>capo <span class=\"_ _5\"></span>ad <span class=\"_ _7\"></span>Arera, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>quale <span class=\"_ _7\"></span>ha <span class=\"_ _5\"></span>def<span class=\"_ _5\"></span>init<span class=\"_ _3\"></span>o </div><div class=\"t m0 x23 h3 ybca ff1 fs1 fc1 sc0 ls0 ws0\">un p<span class=\"_ _5\"></span>rimo biennio <span class=\"_ _5\"></span>regolatorio 2020<span class=\"_ _5\"></span>-2021 circoscritto <span class=\"_ _5\"></span>alla s<span class=\"_ _5\"></span>ola gestione <span class=\"_ _5\"></span>integrata dei <span class=\"_ _5\"></span>rifiuti <span class=\"_ _5\"></span>(delibera Arera <span class=\"_ _5\"></span>443/2019) e<span class=\"_ _75\"> </span> </div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">382</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">#B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024</div><div class=\"t m0 xb h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione</div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff4 fs3 fc7 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera</div><div class=\"t m5 x20 h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">un <span class=\"_ _6\"></span>successivo <span class=\"_ _6\"></span>aggiornamento <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>2022<span class=\"_ _5\"></span>-2025 <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>partire <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>quale <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _e\"></span>regolate <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>t<span class=\"_ _5\"></span>ariffe <span class=\"_ _6\"></span>di </div><div class=\"t m0 x1b h43 y173 ff5 fs1 fc1 sc0 ls0 ws0\">accesso <span class=\"_ _d\"> </span>agli <span class=\"_ _d\"> </span>impianti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>trattamento <span class=\"_ _d\"> </span>qualificati <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ome <span class=\"_ _d\"> </span>impianti <span class=\"_ _e\"> </span>min<span class=\"_ _5\"></span>imi <span class=\"_ _e\"> </span>da <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>arte <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>ll\u2019ente <span class=\"_ _e\"> </span>regionale <span class=\"_ _d\"> </span>(delibera <span class=\"_ _d\"> </span>Arera </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">363/2021). Pertanto, il <span class=\"_ _3\"></span>corrispettivo annual<span class=\"_ _3\"></span>e per la gestione del s<span class=\"_ _3\"></span>ervizio \u00e8 stato determina<span class=\"_ _3\"></span>to con riferimento alla cit<span class=\"_ _3\"></span>ata </div><div class=\"t m0 x1b h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">regolazione nazional<span class=\"_ _3\"></span>e, tenuto conto, a integra<span class=\"_ _3\"></span>zione dei risultati, d<span class=\"_ _3\"></span>elle procedure competitive <span class=\"_ _3\"></span>concluse per gli am<span class=\"_ _3\"></span>biti di </div><div class=\"t m0 x1b h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">recente <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ffidamento<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>(ambiti <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>Ravenna <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>Cesena, <span class=\"_ _d\"> </span>Bologna, <span class=\"_ _f\"> </span>Modena <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>Saccolongo<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _f\"> </span></span>Abano <span class=\"_ _d\"> </span>Ter<span class=\"_ _5\"></span>me, <span class=\"_ _d\"> </span>Ponte <span class=\"_ _f\"> </span>San </div><div class=\"t m0 x1b h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\">Nicol\u00f2, Albignasego <span class=\"_ _3\"></span>e Casalserugo<span class=\"ls13\">).</span> </div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y179 ff5 fs1 fc1 sc0 ls0 ws0\">A seguito dei recenti pronunciamenti del Consiglio di Stato sui contenziosi amministrativi in tema di \u201cimpianti minimi\u201d, </div><div class=\"t m0 x1b h43 y17a ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019avvio <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>egolazio<span class=\"_ _3\"></span>ne <span class=\"_ _e\"> </span>nazionale <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>questa <span class=\"_ _6\"> </span>tipologia <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>impianti <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>stato <span class=\"_ _e\"> </span>posticipato <span class=\"_ _6\"></span>dal <span class=\"_ _e\"> </span>2022 <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>2024 <span class=\"_ _e\"> </span>(delibera<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">Arera  7/2024); <span class=\"_ _4\"> </span>gli  impianti  che <span class=\"_ _4\"> </span>sono  s<span class=\"_ _5\"></span>tati  definiti  impianti  minimi  s<span class=\"_ _5\"></span>i  riferiscono  agli  impianti  di <span class=\"_ _4\"> </span>smaltimento  e </div><div class=\"t m0 x1b h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\">trattamento dei rifiuti<span class=\"_ _3\"></span> indifferenziati.<span class=\"_ _75\"> </span>  </div><div class=\"t m0 x1b h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y17e ff1 fs1 fc1 sc0 ls0 ws0\">Il servizio svolto per la g<span class=\"_ _3\"></span>estione dei rifiuti ur<span class=\"_ _3\"></span>bani \u00e8 fatturato dal G<span class=\"_ _3\"></span>ruppo Hera ai singoli C<span class=\"_ _3\"></span>omuni nel caso di regim<span class=\"_ _3\"></span>e Tari </div><div class=\"t m0 x1b h3 y17f ff1 fs1 fc1 sc0 ls0 ws0\">o ai singoli utenti nel <span class=\"_ _3\"></span>caso di applicazione dell<span class=\"_ _3\"></span>a tariffa corrispettiva p<span class=\"_ _3\"></span>untuale.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y180 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y181 ff5 fs1 fc1 sc0 ls0 ws0\">Per l\u2019esercizio degli im<span class=\"_ _3\"></span>pianti di trattamento dei r<span class=\"_ _3\"></span>ifiuti urbani il Gru<span class=\"_ _3\"></span>ppo Hera \u00e8 soggetto all\u2019o<span class=\"_ _3\"></span>ttenimento di autorizz<span class=\"_ _3\"></span>azioni </div><div class=\"t m0 x1b h3 y182 ff1 fs1 fc1 sc0 ls0 ws0\">provinciali.<span class=\"_ _75\"> </span>  </div><div class=\"t m0 x1b h3 y183 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\">Nel <span class=\"_ _7\"></span>rispetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>principio <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>continuit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>servizio <span class=\"_ _7\"></span>pubblico, <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>convenzioni <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>essere, <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>gestore <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>enuto<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h43 y184 ff5 fs1 fc1 sc0 ls0 ws0\">alla <span class=\"_ _5\"></span>prosecuzione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>servizio anche <span class=\"_ _5\"></span>nei <span class=\"_ _5\"></span>territori <span class=\"_ _5\"></span>ove <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>stata s<span class=\"_ _5\"></span>uperata la <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>scadenza <span class=\"_ _5\"></span>dell\u2019affidamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>fino </div><div class=\"t m0 x1b h3 y185 ff1 fs1 fc1 sc0 ls0 ws0\">alla decorrenza dei nu<span class=\"_ _3\"></span>ovi affidamenti. </div><div class=\"t m0 x1b h3 y186 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y14fa ff3 fs12 fc2 sc0 ls0 ws0\">Settore energ<span class=\"_ _3\"></span>ia </div><div class=\"t m0 x1b h3 y110b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yedf ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _5\"></span>durata <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>concessioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _7\"></span>naturale <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>mezzo <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>gasdotti <span class=\"_ _5\"></span>locali, <span class=\"_ _5\"></span>inizialmente <span class=\"_ _5\"></span>fissata <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>periodi </div><div class=\"t m0 x1b h3 y1f32 ff1 fs1 fc1 sc0 ls0 ws0\">tra <span class=\"_ _6\"></span>die<span class=\"_ _3\"></span>ci <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>trenta <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nni <span class=\"_ _7\"></span>dagli <span class=\"_ _6\"></span>atti <span class=\"_ _7\"></span>originari <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>affidamento <span class=\"_ _7\"></span>stipulati <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>Comuni, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>stata <span class=\"_ _6\"></span>rivist<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>dal <span class=\"_ _7\"></span>Decreto <span class=\"_ _7\"></span>164/2000 </div><div class=\"t m0 x1b h3 yc2e ff1 fs1 fc1 sc0 ls0 ws0\">(cosiddetto <span class=\"_ _5\"></span>Decreto <span class=\"_ _7\"></span>Letta, <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ecepimento <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>Direttiva <span class=\"_ _5\"></span>98/30/CE) <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>successivi <span class=\"_ _5\"></span>interventi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>riordino <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>mercati </div><div class=\"t m0 x1b h43 yc2f ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019energia.  Inrete  Di<span class=\"_ _3\"></span>stribuzione  Energia<span class=\"_ _3\"></span>  Spa,  societ\u00e0  del  G<span class=\"_ _3\"></span>ruppo  Hera  subentrat<span class=\"_ _3\"></span>a  a  Hera  Spa  nell\u2019attiv<span class=\"_ _3\"></span>it\u00e0  di </div><div class=\"t m0 x1b h3 yc30 ff1 fs1 fc1 sc0 ls0 ws0\">distribuzione <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>ed <span class=\"_ _7\"></span>energia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _7\"></span>gode <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>ncrementi <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>durate <span class=\"_ _7\"></span>residue <span class=\"_ _6\"></span>pre<span class=\"_ _3\"></span>viste <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>sogg<span class=\"_ _3\"></span>etti <span class=\"_ _7\"></span>gestori <span class=\"_ _7\"></span>che </div><div class=\"t m0 x1b h3 y356 ff1 fs1 fc1 sc0 ls0 ws0\">hanno promosso operazi<span class=\"_ _3\"></span>oni di parziale privat<span class=\"_ _3\"></span>izzazione e aggreg<span class=\"_ _3\"></span>azione. La durata delle<span class=\"_ _3\"></span> concessioni di distrib<span class=\"_ _3\"></span>uzione \u00e8 </div><div class=\"t m0 x1b h43 y357 ff5 fs1 fc1 sc0 ls0 ws0\">immutata <span class=\"_ _2\"> </span>rispetto <span class=\"_ _2\"> </span>a <span class=\"_ _1d\"> </span>q<span class=\"_ _3\"></span>uella <span class=\"_ _2\"> </span>prevista <span class=\"_ _2\"> </span>all\u2019atto <span class=\"_ _2\"> </span>della <span class=\"_ _2\"> </span>quotazione. <span class=\"_ _2\"> </span>Le <span class=\"_ _2\"> </span>convenzioni <span class=\"_ _2\"> </span>collegate <span class=\"_ _2\"> </span>alle <span class=\"_ _2\"> </span>c<span class=\"_ _5\"></span>oncessioni <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>i </div><div class=\"t m0 x1b h3 yc31 ff1 fs1 fc1 sc0 ls0 ws0\">distribuzione <span class=\"_ _d\"> </span>hanno <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>o<span class=\"_ _5\"></span>ggetto <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>distribuzione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>gas <span class=\"_ _d\"> </span>metano <span class=\"_ _f\"> </span>o <span class=\"_ _d\"> </span>altri <span class=\"_ _f\"> </span>similari, <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>riscaldamento, <span class=\"_ _d\"> </span>usi <span class=\"_ _f\"> </span>domestici, </div><div class=\"t m0 x1b h3 y289 ff1 fs1 fc1 sc0 ls0 ws0\">artigianali, <span class=\"_ _f\"> </span>industriali <span class=\"_ _f\"> </span>e  per <span class=\"_ _f\"> </span>altri  usi <span class=\"_ _f\"> </span>generici. <span class=\"_ _f\"> </span>Le  tariffe <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la  distribu<span class=\"_ _3\"></span>zione <span class=\"_ _f\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>gas <span class=\"_ _f\"> </span>sono  fissate <span class=\"_ _f\"> </span>ai  sensi<span class=\"_ _3\"></span>  della<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 yc32 ff5 fs1 fc1 sc0 ls0 ws0\">regolazione vigente <span class=\"_ _3\"></span>e delle periodiche delib<span class=\"_ _3\"></span>erazioni dell\u2019autorit\u00e0 <span class=\"_ _3\"></span>nazionale Arera.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 yc33 ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _7\"></span>territorio <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>quale <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>esercisce <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>servizio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>metano <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>suddiviso <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>am<span class=\"_ _3\"></span>biti <span class=\"_ _7\"></span>tariffari <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ei </div><div class=\"t m0 x1b h3 y981 ff1 fs1 fc1 sc0 ls0 ws0\">quali, alle diverse categorie di clienti, \u00e8 applicata una tariffa uniforme di distribuzione. La normativa tariffari<span class=\"_ _3\"></span>a in vigor<span class=\"_ _6\"></span><span class=\"lse\">e </span></div><div class=\"t m0 x1b h43 y54c ff5 fs1 fc1 sc0 ls0 ws0\">al  mo<span class=\"_ _5\"></span>mento  dell\u2019approvazi<span class=\"_ _3\"></span>one  de<span class=\"_ _5\"></span>l  presente  bilancio  annuale <span class=\"_ _4\"> </span>consolidato  \u00e8 <span class=\"_ _4\"> </span>rappresentata  principalmente  dalla </div><div class=\"t m0 x1b h3 yc34 ff1 fs1 fc1 sc0 ls0 ws0\">delibera <span class=\"_ _e\"> </span>Arera <span class=\"_ _e\"> </span>631/2023/R/gas <span class=\"_ _e\"></span>del <span class=\"_ _e\"> </span>28 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"></span>2023 <span class=\"_ _e\"> </span>(aggiornamento <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>tariffe <span class=\"_ _e\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>servizi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _e\"></span>e </div><div class=\"t m0 x1b h43 yc35 ff5 fs1 fc1 sc0 ls0 ws0\">misura <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>gas, <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>\u2019anno <span class=\"_ _7\"></span>2024) <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>ha <span class=\"_ _6\"></span>sostituito <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>elibera <span class=\"_ _7\"></span>736/2022/R/gas <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>29 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2022 <span class=\"_ _6\"></span>e </div><div class=\"t m0 x1b h43 yb11 ff5 fs1 fc1 sc0 ls0 ws0\">con  c<span class=\"_ _5\"></span>ui  sono  s<span class=\"_ _5\"></span>tate  approvate, <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>l\u2019anno  2<span class=\"_ _5\"></span>024,  le <span class=\"_ _4\"> </span>tariffe <span class=\"_ _4\"> </span>obbligatorie  per <span class=\"_ _4\"> </span>i <span class=\"_ _10\"> </span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>distribuzione, <span class=\"_ _4\"> </span>misura  e </div><div class=\"t m0 x1b h3 yc36 ff5 fs1 fc1 sc0 ls0 ws0\">commercializzazion<span class=\"_ _3\"></span>e del gas naturale di cui <span class=\"_ _3\"></span>all\u2019articolo 42 della <span class=\"_ _3\"></span>Rtdg.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 yc37 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yc38 ff5 fs1 fc1 sc0 ls0 ws0\">I valori tariffari <span class=\"_ _5\"></span>validi dal 1\u00b0 gennaio 2024 s<span class=\"_ _5\"></span>ono riportati nella tabella 1 <span class=\"_ _5\"></span>dell\u2019Allegato A alla delibera suddetta. Le <span class=\"_ _5\"></span>tarif<span class=\"_ _7\"></span><span class=\"ff1\">fe </span></div><div class=\"t m0 x1b h3 yc39 ff5 fs1 fc1 sc0 ls0 ws0\">per l\u2019esercizio 2024 <span class=\"_ _5\"></span>si inseriscono all\u2019interno del <span class=\"_ _5\"></span>cosiddetto periodo tariffario 2020<span class=\"_ _7\"></span><span class=\"ff1\">-2025. Dal 1<span class=\"_ _5\"></span>\u00b0 gennaio 2020, <span class=\"_ _5\"></span>infatti, </span></div><div class=\"t m0 x1b h3 yc3a ff1 fs1 fc1 sc0 ls0 ws0\">\u00e8 <span class=\"_ _7\"></span>entrata <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>vigore <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>Regolazione <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>tariffe <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>distribuzione <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>misura <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>gas <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>eriodo <span class=\"_ _5\"></span>2020<span class=\"_ _6\"></span>-202<span class=\"_ _3\"></span>5 </div><div class=\"t m0 x1b h3 ya00 ff1 fs1 fc1 sc0 ls0 ws0\">(Rtdg 2020-2025), approva<span class=\"_ _3\"></span>ta con deliberazion<span class=\"_ _3\"></span>e 570/2019/R/gas e agg<span class=\"_ _3\"></span>iornata con la deliberazio<span class=\"_ _3\"></span>ne 737/2022/R/gas.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 yc3b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yc3c ff1 fs1 fc1 sc0 ls0 ws0\">Ai <span class=\"_ _7\"></span>sensi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>quanto <span class=\"_ _7\"></span>previsto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>all'articolo <span class=\"_ _5\"></span>43 <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>Rtdg <span class=\"_ _7\"></span>2020<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>2025, <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>tariffe <span class=\"_ _7\"></span>obbligatorie <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>misura <span class=\"_ _5\"></span>del </div><div class=\"t m0 x1b h3 yc3d ff1 fs1 fc1 sc0 ls0 ws0\">gas naturale sono diffe<span class=\"_ _3\"></span>renziate in ambiti ta<span class=\"_ _3\"></span>riffari: </div><div class=\"t m0 x1b h5a y67c ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito nord-occidentale, c<span class=\"_ _3\"></span>omprendente le regio<span class=\"_ _3\"></span>ni Valle d'Aosta, Piem<span class=\"_ _3\"></span>onte e Liguria;<span class=\"_ _5\"></span> </span></span></div><div class=\"t m0 x1b h5a y557 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito <span class=\"_ _6\"></span>nord-orientale, <span class=\"_ _7\"></span>comprendente <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>regioni <span class=\"_ _7\"></span>Lombardia, <span class=\"_ _6\"></span>Trentino<span class=\"_ _5\"></span>-Alto <span class=\"_ _6\"></span>Adige, <span class=\"_ _6\"></span>Ve<span class=\"_ _3\"></span>neto, <span class=\"_ _6\"></span>Friuli-Venezia <span class=\"_ _6\"></span>Giulia, </span></span></div><div class=\"t m0 x59 h3 y558 ff1 fs1 fc1 sc0 ls0 ws0\">Emilia-Romagna; </div><div class=\"t m0 x1b h5a y1436 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito centrale, comp<span class=\"_ _3\"></span>rendente le regioni Tosc<span class=\"_ _3\"></span>ana, Umbria e Marche; </span></span></div><div class=\"t m0 x1b h5a ybbd ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito centro-sud-orientale, <span class=\"_ _3\"></span>comprendente le regi<span class=\"_ _3\"></span>oni Abruzzo, Molise, Pugli<span class=\"_ _3\"></span>a, Basilicata; </span></span></div><div class=\"t m0 x1b h5a y513 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito centro-sud-occidentale,<span class=\"_ _3\"></span> comprendente le r<span class=\"_ _3\"></span>egioni Lazio e Campa<span class=\"_ _3\"></span>nia;<span class=\"_ _5\"></span> </span></span></div><div class=\"t m0 x1b h5a y1829 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito meridionale, <span class=\"_ _3\"></span>comprendente le regi<span class=\"_ _3\"></span>oni Calabria e Sicilia; </span></span></div><div class=\"t m0 x1b h5a y2a0 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito Sardegna, com<span class=\"_ _3\"></span>prendente la region<span class=\"_ _3\"></span>e Sardegna. </span></span></div><div class=\"t m0 x1b h3 y2a1 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y2a2 ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>componenti <span class=\"_ _5\"></span>tariffarie <span class=\"_ _7\"></span>Gs, <span class=\"_ _7\"></span>Re, <span class=\"_ _7\"></span>Rs <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>Ug1 <span class=\"_ _6\"></span>- <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>comma <span class=\"_ _7\"></span>42.3, <span class=\"_ _5\"></span>lettere <span class=\"_ _7\"></span>c), <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>), <span class=\"_ _5\"></span>e) <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>f) <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>Rtdg <span class=\"_ _5\"></span>2020<span class=\"_ _7\"></span>-<span class=\"_ _75\"> </span></div><div class=\"t m0 x1b h3 yf99 ff1 fs1 fc1 sc0 ls0 ws0\">2025 - \u00e8 soggetto ad agg<span class=\"_ _3\"></span>iornamento trimestral<span class=\"_ _3\"></span>e. </div><div class=\"t m0 x1b h3 y1da7 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff4 fs3 fc7 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera</div><div class=\"t m5 x27 h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separato d<span class=\"_ _3\"></span>ella Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 xa2 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">#B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024</div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">383<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y172 ff5 fs1 fc1 sc0 ls0 ws0\">Per l\u2019anno 2024, dal 1\u00b0 <span class=\"_ _5\"></span>gennaio 2024 sono stati applicati i valori contenuti nelle tabelle 9<span class=\"_ _5\"></span>, 10 e 11 della deliberazione </div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">633/2023/R/com, <span class=\"_ _e\"></span>come <span class=\"_ _d\"> </span>successivamente <span class=\"_ _e\"></span>rettificate <span class=\"_ _e\"> </span>dalla <span class=\"_ _d\"> </span>deliberazione <span class=\"_ _e\"> </span>45/2024/R/com; <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>al <span class=\"_ _e\"> </span>1\u00b0 <span class=\"_ _d\"> </span>aprile <span class=\"_ _d\"> </span>2024 <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>le </div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">componenti <span class=\"_ _e\"> </span>Gs, <span class=\"_ _d\"> </span>Rs, <span class=\"_ _d\"> </span>Ug1 <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>Re <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tato <span class=\"_ _e\"> </span>confermato <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>valore <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>1\u00b0 <span class=\"_ _d\"> </span>trimestre <span class=\"_ _e\"></span>2024 <span class=\"_ _d\"> </span>(tabelle <span class=\"_ _e\"> </span>9 <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>11 <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>delibera </div><div class=\"t m0 x23 h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">633/2023/R/com, <span class=\"_ _7\"></span>come <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>uccessivament<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>rettificate <span class=\"_ _7\"></span>dalla <span class=\"_ _7\"></span>deliberazione <span class=\"_ _7\"></span>45/2024/R/com), <span class=\"_ _7\"></span>mentre <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>componente </div><div class=\"t m0 x23 h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">Ug3 <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>applicata <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>ta<span class=\"_ _3\"></span>bella <span class=\"_ _6\"></span>8 <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>delibera <span class=\"_ _6\"></span>113/2024/R/c<span class=\"_ _3\"></span>om; <span class=\"_ _6\"></span>dal <span class=\"_ _7\"></span>1\u00b0 <span class=\"_ _6\"></span>luglio <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>componenti<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Gs, <span class=\"_ _6\"></span>R<span class=\"_ _3\"></span>s, <span class=\"_ _6\"></span>Ug1e <span class=\"_ _7\"></span>Re <span class=\"_ _6\"></span>\u00e8 </div><div class=\"t m0 x23 h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\">stato <span class=\"_ _6\"></span>nuovamente <span class=\"_ _7\"></span>confermato <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>1<span class=\"_ _5\"></span>\u00b0 <span class=\"_ _6\"></span>trimest<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span>tabelle <span class=\"_ _7\"></span>9 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>11 <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _7\"></span>delibera <span class=\"_ _6\"></span>633/2023/R/com, <span class=\"_ _7\"></span>come </div><div class=\"t m0 x23 h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\">rettificate <span class=\"_ _6\"></span>dalla <span class=\"_ _e\"></span>deliberazione <span class=\"_ _6\"></span>45/2024/R/com), <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>os\u00ec <span class=\"_ _6\"></span>come <span class=\"_ _e\"> </span>per <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>componente <span class=\"_ _6\"></span>Ug3 <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"> </span>stato <span class=\"_ _e\"></span>parimenti <span class=\"_ _6\"></span>confermato <span class=\"_ _e\"></span>il </div><div class=\"t m0 x23 h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">valore <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>secon<span class=\"_ _3\"></span>do <span class=\"_ _6\"></span>trimest<span class=\"_ _3\"></span>re <span class=\"_ _7\"></span>2024 <span class=\"_ _6\"></span>(tabella <span class=\"_ _7\"></span>8 <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>delibera <span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>13/2024/R/com); <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>1\u00b0 <span class=\"_ _6\"></span>ottob<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mponenti<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Gs<span class=\"_ _3\"></span>, </div><div class=\"t m0 x23 h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">Rs <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>Ug1, <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>appli<span class=\"_ _3\"></span>cata <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>Tab<span class=\"_ _3\"></span>ella <span class=\"_ _7\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>allegata <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>deliberazione <span class=\"_ _7\"></span>384/2024/R/com, <span class=\"_ _7\"></span>mentre <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>componente <span class=\"_ _7\"></span>Re <span class=\"_ _7\"></span>\u00e8 </div><div class=\"t m0 x23 h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">stato <span class=\"_ _5\"></span>confermato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>trimestre <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>tabella <span class=\"_ _5\"></span>11 <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>delibera <span class=\"_ _5\"></span>633/2023/R/com, come <span class=\"_ _5\"></span>rettificata </div><div class=\"t m0 x23 h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\">dalla <span class=\"_ _e\"></span>deliberazione <span class=\"_ _6\"></span>45/2024/R/com, <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>componente <span class=\"_ _e\"> </span>Ug3 <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stato <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>onfermato <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>secondo <span class=\"_ _6\"></span>tr<span class=\"_ _5\"></span>imestre<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y17d ff1 fs1 fc1 sc0 ls0 ws0\">2024 (tabella 8 della <span class=\"_ _3\"></span>delibera 113/2024/R/c<span class=\"_ _3\"></span>om).<span class=\"_ _75\"> </span> <span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y17e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y17f ff5 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _f\"> </span>quanto <span class=\"_ _d\"> </span>attiene <span class=\"_ _d\"> </span>all\u2019energia <span class=\"_ _d\"> </span>elettrica, <span class=\"_ _f\"> </span>gli <span class=\"_ _d\"> </span>affidamenti <span class=\"_ _d\"> </span>(d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>durata <span class=\"_ _f\"> </span>trentennale <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rinnovabili <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>sensi <span class=\"_ _f\"> </span>della <span class=\"_ _d\"> </span>vigente </div><div class=\"t m0 x23 h43 y180 ff5 fs1 fc1 sc0 ls0 ws0\">normativa) <span class=\"_ _e\"> </span>hanno <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>l\u2019attivit\u00e0 <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>distribuzione <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>energia <span class=\"_ _6\"> </span>co<span class=\"_ _5\"></span>mprenden<span class=\"_ _3\"></span>te, <span class=\"_ _e\"> </span>tra <span class=\"_ _e\"> </span>l\u2019altro, <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>reti <span class=\"_ _e\"> </span>di </div><div class=\"t m0 x23 h43 y181 ff5 fs1 fc1 sc0 ls0 ws0\">distribuzione <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>l\u2019<span class=\"_ _3\"></span>esercizio <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>conn<span class=\"_ _3\"></span>essi, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>manutenzion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>ordinaria <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>straordi<span class=\"_ _3\"></span>naria, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>programmazione <span class=\"_ _7\"></span>e </div><div class=\"t m0 x23 h43 y182 ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019individuazione <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>interventi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sviluppo, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _6\"></span>l\u2019attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>mis<span class=\"_ _5\"></span>ura. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>sosp<span class=\"_ _3\"></span>ensione, <span class=\"_ _6\"></span>ovvero <span class=\"_ _7\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>decadenz<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>della </div><div class=\"t m0 x23 h43 y183 ff5 fs1 fc1 sc0 ls0 ws0\">concessione, <span class=\"_ _f\"> </span>pu\u00f2  d<span class=\"_ _3\"></span>eterminarsi, <span class=\"_ _f\"> </span>a  giudi<span class=\"_ _3\"></span>zio <span class=\"_ _f\"> </span>dell\u2019Autorit\u00e0  naz<span class=\"_ _3\"></span>ionale, <span class=\"_ _f\"> </span>a  fronte <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>verificarsi <span class=\"_ _f\"> </span>di  inademp<span class=\"_ _3\"></span>imenti  e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>di<span class=\"_ _75\"> </span> </div><div class=\"t m0 x23 h3 y58 ff1 fs1 fc1 sc0 ls0 ws0\">violazioni <span class=\"_ _d\"> </span>imputabili <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _d\"> </span>concessionaria <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>he <span class=\"_ _d\"> </span>pregiudichino <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>maniera <span class=\"_ _d\"> </span>grave <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>iffusa <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>prestazione <span class=\"_ _e\"> </span>del </div><div class=\"t m0 x23 h43 y184 ff5 fs1 fc1 sc0 ls0 ws0\">servizio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>misura <span class=\"_ _7\"></span>dell\u2019energia <span class=\"_ _7\"></span>elettrica. <span class=\"_ _7\"></span>La <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>concessionaria <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>obbligata <span class=\"_ _7\"></span>ad </div><div class=\"t m0 x23 h3 y185 ff1 fs1 fc1 sc0 ls0 ws0\">applicare <span class=\"_ _4\"> </span>ai <span class=\"_ _10\"> </span>propri <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _4\"> </span>(i <span class=\"_ _10\"> </span>cosiddetti <span class=\"_ _4\"> </span>utenti <span class=\"_ _10\"> </span>della <span class=\"_ _4\"> </span>distribuzione) <span class=\"_ _10\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>tariffe <span class=\"_ _4\"> </span>fissate <span class=\"_ _10\"> </span>dalle <span class=\"_ _4\"> </span>norme <span class=\"_ _10\"> </span>vigenti <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>dalle </div><div class=\"t m0 x23 h43 y186 ff5 fs1 fc1 sc0 ls0 ws0\">deliberazioni <span class=\"_ _e\"> </span>adottate <span class=\"_ _d\"> </span>dall\u2019Autorit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>settore. <span class=\"_ _d\"> </span>La <span class=\"_ _d\"> </span>normativa <span class=\"_ _d\"> </span>tariffaria, <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>vigore <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>momento <span class=\"_ _d\"> </span>dell\u2019approvazione <span class=\"_ _d\"> </span>del </div><div class=\"t m0 x23 h43 y187 ff5 fs1 fc1 sc0 ls0 ws0\">bilancio <span class=\"_ _10\"> </span>annuale <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>onsolidato, <span class=\"_ _10\"> </span>fa <span class=\"_ _10\"> </span>r<span class=\"_ _5\"></span>iferimento<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>alla <span class=\"_ _10\"> </span>delibera <span class=\"_ _10\"> </span>dell\u2019Autorit\u00e0 <span class=\"_ _10\"> </span>616/2023/R/Eel <span class=\"_ _8\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>2<span class=\"_ _5\"></span>7 <span class=\"_ _10\"> </span>dicembre <span class=\"_ _8\"> </span>2023<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y20c ff5 fs1 fc1 sc0 ls0 ws0\">(Regolazione <span class=\"_ _7\"></span>tariffaria <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuzion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>misura <span class=\"_ _5\"></span>dell\u2019energia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>periodo <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>regolazione <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>024<span class=\"_ _6\"></span><span class=\"ff1\">-<span class=\"_ _75\"> </span></span></div><div class=\"t m0 x23 h43 y20d ff5 fs1 fc1 sc0 ls0 ws0\">2027) <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>ha <span class=\"_ _d\"> </span>sostituito <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>precedente <span class=\"_ _d\"> </span>delibera <span class=\"_ _d\"> </span>dell\u2019Autorit\u00e0 <span class=\"_ _d\"> </span>654/2015/R/Eel <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _d\"> </span>23 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _e\"> </span>2015 <span class=\"_ _f\"> </span>(Regolazione </div><div class=\"t m0 x23 h3 y20e ff5 fs1 fc1 sc0 ls0 ws0\">tariffaria <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>tra<span class=\"_ _3\"></span>smissione, <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>misura <span class=\"_ _7\"></span>dell\u2019energia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>eriodo <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>regolazione <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>016<span class=\"_ _6\"></span><span class=\"ff1\">-<span class=\"_ _75\"> </span></span></div><div class=\"t m0 x23 h3 y20f ff1 fs1 fc1 sc0 ls0 ws0\">2023) vigente sino al<span class=\"_ _3\"></span> 31 dicembre 2023.  </div><div class=\"t m0 x23 h43 y210 ff5 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _f\"> </span>questa <span class=\"_ _d\"> </span>deliberazione <span class=\"_ _d\"> </span>l\u2019Autorit\u00e0 <span class=\"_ _d\"> </span>h<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>emanato <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>disposizio<span class=\"_ _3\"></span>ni <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>materia<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>regolazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>tariffaria <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>servizi <span class=\"_ _d\"> </span>di </div><div class=\"t m0 x23 h3 y211 ff5 fs1 fc1 sc0 ls0 ws0\">distribuzione <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>mi<span class=\"_ _3\"></span>sura <span class=\"_ _7\"></span>dell\u2019energ<span class=\"_ _3\"></span>ia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>regolazione <span class=\"_ _5\"></span>2024<span class=\"_ _7\"></span><span class=\"ff1\">-2027, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>Testi <span class=\"_ _7\"></span>integrati<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y212 ff1 fs1 fc1 sc0 ls0 ws0\">per la distribuzione (Tit<span class=\"_ _3\"></span>) la misura (Time) e p<span class=\"_ _3\"></span>er il servizio di connes<span class=\"_ _3\"></span>sione (Tic).<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y213 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y214 ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _7\"></span>tariffe <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>misura <span class=\"_ _7\"></span>coprono <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>costi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>trasporto <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>misurazione <span class=\"_ _5\"></span>dell'energia <span class=\"_ _7\"></span>elettrica </div><div class=\"t m0 x23 h3 y215 ff1 fs1 fc1 sc0 ls0 ws0\">sulle reti di <span class=\"_ _5\"></span>distribuzione.<span class=\"_ _3\"></span> Sono applicate a <span class=\"_ _5\"></span>tutti i clienti e hanno una s<span class=\"_ _5\"></span>truttura di tipo trinomio espressa in centesimi di<span class=\"_ _6\"></span> </div><div class=\"t m0 x23 h43 y216 ff5 fs1 fc1 sc0 ls0 ws0\">euro <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>punto <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>relievo <span class=\"_ _5\"></span>all\u2019anno <span class=\"_ _5\"></span>(quota <span class=\"_ _7\"></span>fissa), <span class=\"_ _5\"></span>centesimi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>KW <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>anno <span class=\"_ _5\"></span>(quota <span class=\"_ _7\"></span>potenza) <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>centesimi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i </div><div class=\"t m0 x23 h3 y217 ff1 fs1 fc1 sc0 ls0 ws0\">euro per KWh consum<span class=\"_ _3\"></span>ato (quota energia). </div><div class=\"t m0 x23 h3 y218 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y219 ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _e\"></span>tariffe <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>i <span class=\"_ _e\"></span>servizi <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>distribuzione <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>misura <span class=\"_ _6\"></span>sono <span class=\"_ _e\"></span>aggiornate <span class=\"_ _6\"></span>periodicamente <span class=\"_ _6\"></span>dal<span class=\"_ _5\"></span>l'autorit\u00e0 <span class=\"_ _6\"></span>nazionale <span class=\"_ _6\"></span>Arera <span class=\"_ _e\"></span>con </div><div class=\"t m0 x23 h3 y21a ff1 fs1 fc1 sc0 ls0 ws0\">idoneo provvedimento. </div><div class=\"t m0 x23 h3 y21b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y21c ff5 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _6\"> </span>l<span class=\"_ _5\"></span>\u2019anno <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>l\u2019aggiornamento <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>tariffe <span class=\"_ _6\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>l\u2019uso <span class=\"_ _6\"> </span>dei <span class=\"_ _e\"> </span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>distribuzione <span class=\"_ _6\"> </span>e <span class=\"_ _e\"> </span>misura <span class=\"_ _6\"></span>dell\u2019energia <span class=\"_ _6\"></span>elettrica <span class=\"_ _6\"> </span>\u00e8 </div><div class=\"t m0 x23 h43 y21d ff5 fs1 fc1 sc0 ls0 ws0\">stato <span class=\"_ _7\"></span>determinato <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>delibera <span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>30/2023/R/Eel <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>28 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>2023 <span class=\"_ _7\"></span>(aggiornamento, <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>l\u2019anno <span class=\"_ _7\"></span>2024, <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>elle <span class=\"_ _5\"></span>tariffe </div><div class=\"t m0 x23 h43 y21e ff5 fs1 fc1 sc0 ls0 ws0\">per <span class=\"_ _6\"></span>l\u2019uso <span class=\"_ _6\"></span>delle <span class=\"_ _6\"> </span>infrastrutture <span class=\"_ _6\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>distribuzione <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>misura <span class=\"_ _6\"></span>dell\u2019energ<span class=\"_ _3\"></span>ia <span class=\"_ _6\"> </span>elettrica <span class=\"_ _6\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _6\"></span>clienti <span class=\"_ _6\"></span>domestici, <span class=\"_ _6\"></span>non </div><div class=\"t m0 x23 h3 y21f ff5 fs1 fc1 sc0 ls0 ws0\">domestici e delle condi<span class=\"_ _3\"></span>zioni economiche p<span class=\"_ _3\"></span>er l\u2019erogazione del se<span class=\"_ _3\"></span>rvizio di connessione).<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y220 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y50d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 yd49 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div><div class=\"c wc h39 gs900\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">384</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gs901\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">#B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024</div><div class=\"t m0 xb h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gs902\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione</div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gs903\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gs904\"><div class=\"t m0 xf h13 ydd ff4 fs3 fc7 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera</div><div class=\"t m5 x20 h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs905\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h41 y12e ff2 fs9 fc3 sc0 ls0 ws0\">2.04 - PARTECIPAZIONI </div><div class=\"t m0 x6b h4e y1f33 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 yd26 ff8 fsa fc2 sc0 lsb ws0\">2.04.01 <span class=\"ls0\">- Elenco<span class=\"_ _3\"></span> delle societ\u00e0 c<span class=\"_ _3\"></span>onsolidate </span></div><div class=\"t m0 x6b h4e y1f34 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y1853 ff3 fs12 fc2 sc0 ls0 ws0\">Societ\u00e0 contro<span class=\"_ _3\"></span>llate </div><div class=\"t m0 x6b h4e yf5 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w28a h8e gs1024\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">DENOMINAZIONE </div></div><div class=\"c w358 h8e gs1025\"><div class=\"t m0 x90 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SEDE LEGALE </div></div><div class=\"c w2aa h8e gs1026\"><div class=\"t m0 x5 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">CAPITALE SOCIA<span class=\"_ _3\"></span>LE </div><div class=\"t m0 xa3 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">(EURO) (*) </div></div><div class=\"c w359 h8e gs1027\"><div class=\"t m0 xe h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">PERCENTUA<span class=\"_ _3\"></span>LE </div><div class=\"t m0 x53 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">CONSOLIDATA </div></div><div class=\"c w2ba h8e gs1028\"><div class=\"t m0 x9f h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">INTERESSENZA </div><div class=\"t m0 x17 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">COMPLESSIVA </div></div><div class=\"c w271 h3c gs1029\"><div class=\"t m0 x13 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">DIRETTA </div></div><div class=\"c w251 h3c gs102a\"><div class=\"t m0 xc h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">INDIRETTA </div></div><div class=\"c w28a h299 gs102b\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">A.C.R. di Reggiani <span class=\"_ _3\"></span>Albertino Spa </div></div><div class=\"c w358 h299 gs102c\"><div class=\"t m0 xac hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Mirandola (Mo) </div></div><div class=\"c w2aa h299 gs102d\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">390.000 </div></div><div class=\"c w251 h299 gs102e\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">60,00% </div></div><div class=\"c w2ba h299 gs102f\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">60,00% </div></div><div class=\"c w28a h299 gs1030\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Acantho Spa </div></div><div class=\"c w358 h299 gs1031\"><div class=\"t m0 x23 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Imola (Bo) </div></div><div class=\"c w2aa h299 gs1032\"><div class=\"t m0 x53 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">27.094.468 </div></div><div class=\"c w271 h299 gs1033\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">70,16% </div></div><div class=\"c w2ba h299 gs1034\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">70,16% </div></div><div class=\"c w28a h299 gs1035\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">AcegasApsAmg<span class=\"_ _3\"></span>a Spa </div></div><div class=\"c w358 h299 gs1036\"><div class=\"t m0 xe6 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Trieste  </div></div><div class=\"c w2aa h299 gs1037\"><div class=\"t m0 xa7 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">284.677.324 </div></div><div class=\"c w271 h299 gs1038\"><div class=\"t m0 x1a3 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs1039\"><div class=\"t m0 xa4 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h186 gs103a\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Aliplast Spa </div></div><div class=\"c w358 h186 gs103b\"><div class=\"t m0 x7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Istrana (Tv) </div></div><div class=\"c w2aa h186 gs103c\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">5.000.000 </div></div><div class=\"c w251 h186 gs103d\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h186 gs103e\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h186 gs103f\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Aliplast France Re<span class=\"_ _3\"></span>cyclage Sas </div></div><div class=\"c w358 h186 gs1040\"><div class=\"t m0 xa5 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">La Wantzenau (Fra<span class=\"_ _3\"></span>ncia) </div></div><div class=\"c w2aa h186 gs1041\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.025.000 </div></div><div class=\"c w251 h186 gs1042\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h186 gs1043\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h186 gs1044\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Aliplast Iberia Sl<span class=\"_ _3\"></span>u </div></div><div class=\"c w358 h186 gs1045\"><div class=\"t m0 x14 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Calle Castilla -Leon (S<span class=\"_ _3\"></span>pagna) </div></div><div class=\"c w2aa h186 gs1046\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">815.000 </div></div><div class=\"c w251 h186 gs1047\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h186 gs1048\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h386 gs1049\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Aliplast Polska Sp<span class=\"_ _3\"></span>zoo </div></div><div class=\"c w358 h386 gs104a\"><div class=\"t m0 x90 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Zgierz (Polonia) </div></div><div class=\"c w2aa h386 gs104b\"><div class=\"t m0 xa2 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.200.000 PLN </div></div><div class=\"c w251 h386 gs104c\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h386 gs104d\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h299 gs104e\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Aresenergy Eoo<span class=\"_ _3\"></span>d </div></div><div class=\"c w358 h299 gs104f\"><div class=\"t m0 x30 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Varna (Bulgaria) </div></div><div class=\"c w2aa h299 gs1050\"><div class=\"t m0 xa3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">50.000 Lev </div></div><div class=\"c w251 h299 gs1051\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs1052\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs1053\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">AresGas Ead </div></div><div class=\"c w358 h299 gs1054\"><div class=\"t m0 x8c hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Sofia (Bulgaria) </div></div><div class=\"c w2aa h299 gs1055\"><div class=\"t m0 xa9 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">22.572.241 Lev </div></div><div class=\"c w251 h299 gs1056\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs1057\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gse67\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Ares Trading Eo<span class=\"_ _3\"></span>od </div></div><div class=\"c w358 h299 gs1058\"><div class=\"t m0 x30 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Varna (Bulgaria) </div></div><div class=\"c w2aa h299 gs1059\"><div class=\"t m0 xa3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">50.000 Lev </div></div><div class=\"c w251 h299 gs105a\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs105b\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs105c\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Asa Scpa </div></div><div class=\"c w358 h299 gs105d\"><div class=\"t m0 x2b hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Castelmaggiore (B<span class=\"_ _3\"></span>O) </div></div><div class=\"c w2aa h299 gs105e\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.820.000 </div></div><div class=\"c w251 h299 gs105f\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">38,25% </div></div><div class=\"c w2ba h299 gs1060\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">38,25% </div></div><div class=\"c w28a h299 gs1061\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Atlas Utilities Ea<span class=\"_ _3\"></span>d (**) </div></div><div class=\"c w358 h299 gs1062\"><div class=\"t m0 x30 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Varna (Bulgaria) </div></div><div class=\"c w2aa h299 gs1063\"><div class=\"t m0 xa3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">50.000 Lev </div></div><div class=\"c w251 h299 gs1064\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs1065\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs1066\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Biorg Srl </div></div><div class=\"c w358 h299 gs1067\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna </div></div><div class=\"c w2aa h299 gs1068\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.000.000 </div></div><div class=\"c w251 h299 gs1069\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h299 gs106a\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h299 gs106b\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Black Sea Gas Co<span class=\"_ _3\"></span>mpany Eood </div></div><div class=\"c w358 h299 gs106c\"><div class=\"t m0 x30 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Varna (Bulgaria) </div></div><div class=\"c w2aa h299 gs106d\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">5.000 Lev </div></div><div class=\"c w251 h299 gs106e\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs106f\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs1070\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">EstEnergy Spa </div></div><div class=\"c w358 h299 gs1071\"><div class=\"t m0 xe6 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Trieste  </div></div><div class=\"c w2aa h299 gs1072\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">299.925.761 </div></div><div class=\"c w251 h299 gs1073\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs1074\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h186 gs1075\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Etra Energia Srl </div></div><div class=\"c w358 h186 gs1076\"><div class=\"t m0 x19 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Cittadella (Pd) </div></div><div class=\"c w2aa h186 gs1077\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100.000 </div></div><div class=\"c w251 h186 gs1078\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">51,00% </div></div><div class=\"c w2ba h186 gs1079\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">51,00% </div></div><div class=\"c w28a h186 gs107a\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">F.lli Franchini Srl </div></div><div class=\"c w358 h186 gs107b\"><div class=\"t m0 x110 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Rimini </div></div><div class=\"c w2aa h186 gs107c\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.100.000 </div></div><div class=\"c w251 h186 gs107d\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h186 gs107e\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h186 gs107f\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Feronia Srl </div></div><div class=\"c w358 h186 gs1080\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna  </div></div><div class=\"c w2aa h186 gs1081\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100.000 </div></div><div class=\"c w251 h186 gs1082\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h186 gs1083\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h299 gs1084\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Frullo Energia Ambi<span class=\"_ _3\"></span>ente Srl </div></div><div class=\"c w358 h299 gs1085\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna  </div></div><div class=\"c w2aa h299 gs1086\"><div class=\"t m0 x53 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">17.139.100 </div></div><div class=\"c w251 h299 gs1087\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">38,25% </div></div><div class=\"c w2ba h299 gs1088\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">38,25% </div></div><div class=\"c w28a h299 gs1089\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Green Factory Srl<span class=\"_ _3\"></span> </div></div><div class=\"c w358 h299 gs108a\"><div class=\"t m0 xe6 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Pesaro </div></div><div class=\"c w2aa h299 gs108b\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">500.000 </div></div><div class=\"c w251 h299 gs108c\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">46,70% </div></div><div class=\"c w2ba h299 gs108d\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">46,70%<span class=\"_ _75\"> </span> </div></div><div class=\"c w28a h386 gs108e\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Herambiente Sp<span class=\"_ _3\"></span>a </div></div><div class=\"c w358 h386 gs108f\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna  </div></div><div class=\"c w2aa h386 gs1090\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">271.648.000 </div></div><div class=\"c w271 h386 gs1091\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h386 gs1092\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h299 gs1093\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Herambiente Servi<span class=\"_ _3\"></span>zi Industriali Srl </div></div><div class=\"c w358 h299 gs1094\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna </div></div><div class=\"c w2aa h299 gs1095\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">5.000.000 </div></div><div class=\"c w251 h299 gs1096\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h299 gs1097\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h299 gs1098\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Hera Comm Spa<span class=\"_ _3\"></span> </div></div><div class=\"c w358 h299 gs1099\"><div class=\"t m0 x23 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Imola (Bo) </div></div><div class=\"c w2aa h299 gs109a\"><div class=\"t m0 x53 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">53.595.899 </div></div><div class=\"c w271 h299 gs109b\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs109c\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs109d\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Hera Luce Srl </div></div><div class=\"c w358 h299 gs109e\"><div class=\"t m0 x72 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Cesena </div></div><div class=\"c w2aa h299 gs109f\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.000.000 </div></div><div class=\"c w251 h299 gs10a0\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs10a1\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs10a2\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Hera Servizi Energi<span class=\"_ _3\"></span>a Spa </div></div><div class=\"c w358 h299 gs10a3\"><div class=\"t m0 xf0 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Udine </div></div><div class=\"c w2aa h299 gs10a4\"><div class=\"t m0 x53 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">13.216.899 </div></div><div class=\"c w251 h299 gs10a5\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">84,50% </div></div><div class=\"c w2ba h299 gs10a6\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">84,50% </div></div><div class=\"c w28a h299 gs10a7\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Heratech Srl </div></div><div class=\"c w358 h299 gs10a8\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna </div></div><div class=\"c w2aa h299 gs10a9\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">2.000.000 </div></div><div class=\"c w271 h299 gs10aa\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs10ab\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs10ac\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Hera Trading Srl </div></div><div class=\"c w358 h299 gs10ad\"><div class=\"t m0 xe6 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Trieste  </div></div><div class=\"c w2aa h299 gs10ae\"><div class=\"t m0 x53 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">22.600.000 </div></div><div class=\"c w271 h299 gs10af\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs10b0\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h186 gs10b1\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">HestAmbiente Srl<span class=\"_ _3\"></span> </div></div><div class=\"c w358 h186 gs10b2\"><div class=\"t m0 xe6 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Trieste  </div></div><div class=\"c w2aa h186 gs10b3\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.010.000 </div></div><div class=\"c w251 h186 gs10b4\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">82,50% </div></div><div class=\"c w2ba h186 gs10b5\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">82,50% </div></div><div class=\"c w28a h186 gs10b6\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Horowatt Srl </div></div><div class=\"c w358 h186 gs10b7\"><div class=\"t m0 x72 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Cesena </div></div><div class=\"c w2aa h186 gs10b8\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">550.000 </div></div><div class=\"c w271 h186 gs10b9\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">50,00% </div></div><div class=\"c w2ba h186 gs10ba\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">50,00% </div></div><div class=\"c w28a h186 gs10bb\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Inrete Distribuzione E<span class=\"_ _3\"></span>nergia Spa </div></div><div class=\"c w358 h186 gs10bc\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna </div></div><div class=\"c w2aa h186 gs10bd\"><div class=\"t m0 x53 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">10.091.815 </div></div><div class=\"c w271 h186 gs10be\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h186 gs10bf\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs10c0\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Macero Macerat<span class=\"_ _3\"></span>ese Srl </div></div><div class=\"c w358 h299 gs10c1\"><div class=\"t m0 x19 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Macerata (Mc)  </div></div><div class=\"c w2aa h299 gs10c2\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.032.912 </div></div><div class=\"c w251 h299 gs10c3\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">46,70% </div></div><div class=\"c w2ba h299 gs10c4\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">46,70% </div></div><div class=\"c w28a h299 gs10c5\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Marche Multiservizi S<span class=\"_ _3\"></span>pa </div></div><div class=\"c w358 h299 gs10c6\"><div class=\"t m0 xe6 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Pesaro </div></div><div class=\"c w2aa h299 gs10c7\"><div class=\"t m0 x53 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">16.388.535 </div></div><div class=\"c w271 h299 gs10c8\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">46,70% </div></div><div class=\"c w2ba h299 gs10c9\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">46,70% </div></div><div class=\"c w28a h299 gs10ca\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Marche Multiservizi <span class=\"_ _3\"></span>Falconara Srl </div></div><div class=\"c w358 h299 gs10cb\"><div class=\"t m0 xbc hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Falconara Maritt<span class=\"_ _3\"></span>ima (An) </div></div><div class=\"c w2aa h299 gs10cc\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100.000 </div></div><div class=\"c w251 h299 gs10cd\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">46,70% </div></div><div class=\"c w2ba h299 gs10ce\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">46,70% </div></div><div class=\"c w28a h299 gs10cf\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Primagas Ad </div></div><div class=\"c w358 h299 gs10d0\"><div class=\"t m0 x30 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Varna (Bulgaria) </div></div><div class=\"c w2aa h299 gs10d1\"><div class=\"t m0 xb2 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.149.860 Lev </div></div><div class=\"c w251 h299 gs10d2\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">97,34% </div></div><div class=\"c w2ba h299 gs10d3\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">97,34% </div></div><div class=\"c w28a h386 gs10d4\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Recycla Spa </div></div><div class=\"c w358 h386 gs10d5\"><div class=\"t m0 x93 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Maniago (Pn) </div></div><div class=\"c w2aa h386 gs10d6\"><div class=\"t m0 x90 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">90.000 </div></div><div class=\"c w251 h386 gs10d7\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h386 gs10d8\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h299 gs10d9\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Tiepolo Srl </div></div><div class=\"c w358 h299 gs10da\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna </div></div><div class=\"c w2aa h299 gs10db\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.305.000 </div></div><div class=\"c w271 h299 gs10dc\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs10dd\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs10de\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Tri-Generazione S<span class=\"_ _3\"></span>carl </div></div><div class=\"c w358 h299 gs10df\"><div class=\"t m0 x72 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Padova  </div></div><div class=\"c w2aa h299 gs10e0\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100.000 </div></div><div class=\"c w251 h299 gs10e1\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">71,83% </div></div><div class=\"c w2ba h299 gs10e2\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">71,83% </div></div><div class=\"c w28a h299 gs10e3\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">Triveneta Luce Sc<span class=\"_ _3\"></span>arl </div></div><div class=\"c w358 h299 gs10e4\"><div class=\"t m0 x73 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Vicenza  </div></div><div class=\"c w2aa h299 gs10e5\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">400.000 </div></div><div class=\"c w251 h299 gs10e6\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h299 gs10e7\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w28a h299 gs10e8\"><div class=\"t m0 x0 hf yaf ff4 fs3 fc1 sc0 ls0 ws0\">TRS Ecology Srl </div></div><div class=\"c w358 h299 gs10e9\"><div class=\"t m0 x98 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Caorso (PC) </div></div><div class=\"c w2aa h299 gs10ea\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">1.000.000 </div></div><div class=\"c w251 h299 gs10eb\"><div class=\"t m0 x9d hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h299 gs10ec\"><div class=\"t m0 xa7 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h186 gs10ed\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Uniflotte Srl </div></div><div class=\"c w358 h186 gs10ee\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna  </div></div><div class=\"c w2aa h186 gs10ef\"><div class=\"t m0 xa8 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">2.254.177 </div></div><div class=\"c w271 h186 gs10f0\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h186 gs10f1\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00%<span class=\"_ _75\"> </span> </div></div><div class=\"c w28a h186 gs10f2\"><div class=\"t m0 x0 hf y1f3b ff4 fs3 fc1 sc0 ls0 ws0\">Vallortigara Servizi <span class=\"_ _3\"></span>Ambientali Spa </div></div><div class=\"c w358 h186 gs10f3\"><div class=\"t m0 x4 hf y1f3c ff4 fs3 fc1 sc0 ls0 ws0\">Torrebelvicino (Vi) </div></div><div class=\"c w2aa h186 gs10f4\"><div class=\"t m0 x1 hf y1f3c ff4 fs3 fc1 sc0 ls0 ws0\">330.000 </div></div><div class=\"c w251 h186 gs10f5\"><div class=\"t m0 x9d hf y1f3c ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w2ba h186 gs10f6\"><div class=\"t m0 xa7 hf y1f3c ff4 fs3 fc1 sc0 ls0 ws0\">75,00% </div></div><div class=\"c w28a h186 gs10f7\"><div class=\"t m0 x0 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">Wolmann Spa<span class=\"_ _3\"></span> </div></div><div class=\"c w358 h186 gs10f8\"><div class=\"t m0 x153 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">Bologna  </div></div><div class=\"c w2aa h186 gs10f9\"><div class=\"t m0 x1 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">400.000 </div></div><div class=\"c w251 h186 gs10fa\"><div class=\"t m0 x1a3 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00% </div></div><div class=\"c w2ba h186 gs10fb\"><div class=\"t m0 xa4 hf y162b ff4 fs3 fc1 sc0 ls0 ws0\">100,00%<span class=\"_ _75\"> </span> </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x1b h4e y4a9 ff1 fs8 fc1 sc0 ls0 ws0\">(*) ove non diversamente specificato </div><div class=\"t m0 x1b h4e y1f3d ff1 fs8 fc1 sc0 ls0 ws0\">(**) societ\u00e0 liquidata in data 10 giugno 2024 </div></div><div class=\"c w16 h39 gs26b\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs26c\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs26d\"><div class=\"t m0 x17 h13 ydd ff4 fs3 fc7 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera</div><div class=\"t m5 x27 h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs26e\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separato d<span class=\"_ _3\"></span>ella Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs26f\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 xa2 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">#B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024</div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs270\"><div class=\"t m1 x15 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">385<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h122 y12f1 ff3 fs12 fc2 sc0 ls0 ws0\">Societ\u00e0 a control<span class=\"_ _3\"></span>lo congiunto<span class=\"fs8\"> </span></div><div class=\"t m0 x23 h3 y157b ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w74 h8e gs10fc\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">DENOMINAZIONE </div></div><div class=\"c w35a h8e gs10fd\"><div class=\"t m0 x92 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SEDE LEGALE </div></div><div class=\"c w35b h8e gs10fe\"><div class=\"t m0 xa5 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">CAPITALE </div><div class=\"t m0 x0 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">SOCIALE (EURO) </div></div><div class=\"c w35c h8e gs10ff\"><div class=\"t m0 x3 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">PERCENTUA<span class=\"_ _3\"></span>LE </div><div class=\"t m0 xae h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">POSSEDUTA </div></div><div class=\"c w35d h8e gs1100\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">INTERESSENZA </div><div class=\"t m0 xc h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">COMPLESSIVA </div></div><div class=\"c w35e h3c gs1101\"><div class=\"t m0 x1a h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">DIRETTA </div></div><div class=\"c w8b h3c gs1102\"><div class=\"t m0 x17 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">INDIRETTA </div></div><div class=\"c w74 h3c gs1103\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Enomondo Srl </div></div><div class=\"c w35a h3c gs1104\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Faenza (Ra) </div></div><div class=\"c w35b h3c gs1105\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">14.000.000 </div></div><div class=\"c w8b h3c gs1106\"><div class=\"t m0 x3a hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">37,50% </div></div><div class=\"c w35d h3c gs1107\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">37,50% </div></div><div class=\"c w74 h3c gs1108\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Set Spa </div></div><div class=\"c w35a h3c gs1109\"><div class=\"t m0 xce hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Milano  </div></div><div class=\"c w35b h3c gs110a\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">120.000 </div></div><div class=\"c w35e h3c gs110b\"><div class=\"t m0 x3a hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">39,00% </div></div><div class=\"c w35d h3c gs110c\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">39,00% </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h3 yd27 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h122 y17f9 ff3 fs12 fc2 sc0 ls0 ws0\">Societ\u00e0 collegate<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y1f41 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w35f h8e gs110d\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">DENOMINAZIONE </div></div><div class=\"c w360 h8e gs110e\"><div class=\"t m0 x30 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SEDE LEGALE </div></div><div class=\"c w361 h8e gs110f\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">CAPITALE SOCIA<span class=\"_ _3\"></span>LE </div><div class=\"t m0 x2b h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">(EURO) (*) </div></div><div class=\"c w40 h8e gs1110\"><div class=\"t m0 x53 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">PERCENTUA<span class=\"_ _3\"></span>LE </div><div class=\"t m0 x1c h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">POSSEDUTA </div></div><div class=\"c w362 h8e gs1111\"><div class=\"t m0 x9f h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">INTERESSENZA </div><div class=\"t m0 x17 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">COMPLESSIVA </div></div><div class=\"c w363 h3c gs1112\"><div class=\"t m0 x13 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">DIRETTA </div></div><div class=\"c w363 h3c gs1113\"><div class=\"t m0 xc h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">INDIRETTA </div></div><div class=\"c w35f h3c gs1114\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Aimag Spa* </div></div><div class=\"c w360 h3c gs1115\"><div class=\"t m0 x8c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Mirandola (Mo) </div></div><div class=\"c w361 h3c gs1116\"><div class=\"t m0 xa7 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">78.027.681 </div></div><div class=\"c w363 h3c gs1117\"><div class=\"t m0 x9d hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">25,00% </div></div><div class=\"c w362 h3c gs1118\"><div class=\"t m0 xa7 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">25,00% </div></div><div class=\"c w35f h5f gs1119\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">ASM Servizi Energ<span class=\"_ _3\"></span>etici e Tecnologi<span class=\"_ _3\"></span>ci (ASM </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">SET) Srl </div></div><div class=\"c w360 h5f gs111a\"><div class=\"t m0 x72 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">Rovigo </div></div><div class=\"c w361 h5f gs111b\"><div class=\"t m0 x4 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">200.000 </div></div><div class=\"c w363 h5f gs111c\"><div class=\"t m0 x9d hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">49,00% </div></div><div class=\"c w362 h5f gs111d\"><div class=\"t m0 xa7 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">49,00% </div></div><div class=\"c w35f h3c gs111e\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">SEA - Servizi Ecolo<span class=\"_ _3\"></span>gici Ambientali Srl </div></div><div class=\"c w360 h3c gs111f\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Camerata Picen<span class=\"_ _3\"></span>a (An) </div></div><div class=\"c w361 h3c gs1120\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">100.000 </div></div><div class=\"c w363 h3c gs1121\"><div class=\"t m0 x9d hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">31,00% </div></div><div class=\"c w362 h3c gs1122\"><div class=\"t m0 xa7 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">31,00% </div></div><div class=\"c w35f h3c gs1123\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Sgr Servizi Spa </div></div><div class=\"c w360 h3c gs1124\"><div class=\"t m0 xd7 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Rimini </div></div><div class=\"c w361 h3c gs1125\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">5.982.262 </div></div><div class=\"c w363 h3c gs1126\"><div class=\"t m0 x9d hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">29,61% </div></div><div class=\"c w362 h3c gs1127\"><div class=\"t m0 xa7 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">29,61% </div></div><div class=\"c w35f h3c gs1128\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Tamarete Energia <span class=\"_ _3\"></span>Srl </div></div><div class=\"c w360 h3c gs1129\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Ortona (Ch) </div></div><div class=\"c w361 h3c gs112a\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.600.000 </div></div><div class=\"c w363 h3c gs112b\"><div class=\"t m0 x9d hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">40,00% </div></div><div class=\"c w362 h3c gs112c\"><div class=\"t m0 xa7 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">40,00% </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h4e y1c50 ff1 fs8 fc1 sc0 ls0 ws0\">* Il capitale sociale della societ\u00e0 \u00e8 costituito da 67.577.681 euro di azioni ordinarie e da 10.450.000 euro di azioni correlate. </div><div class=\"t m0 x23 h3 y108 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y654 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y110f ff8 fsa fc2 sc0 lsb ws0\">2.04.02 <span class=\"_ _1c\"> </span><span class=\"ls0\">- <span class=\"_ _64\"> </span>Dati <span class=\"_ _63\"> </span>essenziali <span class=\"_ _1c\"> </span>dei <span class=\"_ _1c\"> </span>bilanci <span class=\"_ _64\"> </span>delle <span class=\"_ _63\"> </span>s<span class=\"_ _5\"></span>ociet\u00e0<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h42 y2bd ff8 fsa fc2 sc0 ls0 ws0\">controllate e co<span class=\"_ _3\"></span>llegate </div><div class=\"t m0 x23 h3 y508 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y509 ff5 fs1 fc1 sc0 ls0 ws0\">Prospetto <span class=\"_ _7\"></span>riepilogativo <span class=\"_ _7\"></span>dati <span class=\"_ _6\"></span>essenzi<span class=\"_ _3\"></span>ali <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>bilancio <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ociet\u00e0 <span class=\"_ _7\"></span>controllate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>sensi <span class=\"_ _7\"></span>dell\u2019art. <span class=\"_ _6\"></span>2429, <span class=\"_ _7\"></span>ultimo <span class=\"_ _7\"></span>comma, <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y50a ff1 fs1 fc1 sc0 ls0 ws0\">C.c. </div><div class=\"t m0 x23 h3 y50b ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2de h8e gs112d\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">MGL/EURO </div></div><div class=\"c w2df h8e gs112e\"><div class=\"t m0 x1c h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">A.C.R. </div><div class=\"t m0 x8c h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">SPA </div></div><div class=\"c wec h8e gs112f\"><div class=\"t m0 x16 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ACANTHO </div><div class=\"t m0 x8c h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">SPA </div></div><div class=\"c w2e0 h8e gs1130\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ACEGASAPSAMG<span class=\"_ _3\"></span>A </div><div class=\"t m0 xae h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\"> <span class=\"ls3b\">SPA*</span> </div></div><div class=\"c w2e1 h8e gs1131\"><div class=\"t m0 x16 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ALIPLAST </div><div class=\"t m0 x8c h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">SPA </div></div><div class=\"c w2e0 h8e gs1132\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ALIPLAST FRA<span class=\"_ _3\"></span>NCE </div><div class=\"t m0 x17 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">RECYCLAGE S<span class=\"_ _3\"></span>AS </div></div><div class=\"c w2de h3c gs1133\"><div class=\"t m0 x0 h13 y5d5 ff2 fs3 fc1 sc0 ls0 ws0\">ATTIVIT\u00c0 </div></div><div class=\"c w2de h3c gs1134\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Immobilizzazioni </div></div><div class=\"c w2df h3c gs1135\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">33.399 </div></div><div class=\"c wec h3c gs1136\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">114.289 </div></div><div class=\"c w2e0 h3c gs1137\"><div class=\"t m0 xe hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.140.094 </div></div><div class=\"c w2e1 h3c gs1138\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">93.247 </div></div><div class=\"c w2e0 h3c gs1139\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.154 </div></div><div class=\"c w2de h3c gs113a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivo circolante </div></div><div class=\"c w2df h3c gs113b\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">96.944 </div></div><div class=\"c wec h3c gs113c\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">32.834 </div></div><div class=\"c w2e0 h3c gs113d\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">238.830 </div></div><div class=\"c w2e1 h3c gs113e\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">82.161 </div></div><div class=\"c w2e0 h3c gs113f\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2.493 </div></div><div class=\"c w2de h3c gs1140\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0 </div></div><div class=\"c w2df h3c gs1141\"><div class=\"t m0 xa8 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">130.343 </div></div><div class=\"c wec h3c gs1142\"><div class=\"t m0 xa8 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">147.123 </div></div><div class=\"c w2e0 h3c gs1143\"><div class=\"t m0 xe h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">1.378.924 </div></div><div class=\"c w2e1 h3c gs1144\"><div class=\"t m0 xa8 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">175.408 </div></div><div class=\"c w2e0 h3c gs1145\"><div class=\"t m0 x30 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">5.647 </div></div><div class=\"c w2de h3c gs1146\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">PASSIVIT\u00c0 </div></div><div class=\"c w2de h3c gs1147\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Capitale sociale </div></div><div class=\"c w2df h3c gs1148\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">390 </div></div><div class=\"c wec h3c gs1149\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">27.094 </div></div><div class=\"c w2e0 h3c gs114a\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">284.677 </div></div><div class=\"c w2e1 h3c gs114b\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">5.000 </div></div><div class=\"c w2e0 h3c gs114c\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.025 </div></div><div class=\"c w2de h3c gs114d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Riserve  </div></div><div class=\"c w2df h3c gs114e\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">44.173 </div></div><div class=\"c wec h3c gs114f\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">29.754 </div></div><div class=\"c w2e0 h3c gs1150\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">275.761 </div></div><div class=\"c w2e1 h3c gs1151\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">36.259 </div></div><div class=\"c w2e0 h3c gs1152\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.315 </div></div><div class=\"c w2de h3c gs1153\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Utile netto / (perdit<span class=\"_ _3\"></span>a) </div></div><div class=\"c w2df h3c gs1154\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">19.818 </div></div><div class=\"c wec h3c gs1155\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">9.516 </div></div><div class=\"c w2e0 h3c gs1156\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">33.524 </div></div><div class=\"c w2e1 h3c gs1157\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">209 </div></div><div class=\"c w2e0 h3c gs1158\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">216 </div></div><div class=\"c w2de h3c gs1159\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondi </div></div><div class=\"c w2df h3c gs115a\"><div class=\"t m0 x64 hf y66 ff4 fs3 fc1 sc0 ls1 ws0\">85<span class=\"ls0\"> </span></div></div><div class=\"c wec h3c gs115b\"><div class=\"t m0 x64 hf y66 ff4 fs3 fc1 sc0 ls1 ws0\">50<span class=\"ls0\"> </span></div></div><div class=\"c w2e0 h3c gs115c\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">38.074 </div></div><div class=\"c w2e1 h3c gs115d\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">455 </div></div><div class=\"c w2e0 h3c gs115e\"><div class=\"t m0 x7 hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2de h3c gs115f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo Tfr </div></div><div class=\"c w2df h3c gs1160\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">463 </div></div><div class=\"c wec h3c gs1161\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.118 </div></div><div class=\"c w2e0 h3c gs1162\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">9.760 </div></div><div class=\"c w2e1 h3c gs1163\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">597 </div></div><div class=\"c w2e0 h3c gs1164\"><div class=\"t m0 x7 hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2de h170 gs1165\"><div class=\"t m0 x0 hf yddf ff4 fs3 fc1 sc0 ls0 ws0\">Debiti </div></div><div class=\"c w2df h170 gs1166\"><div class=\"t m0 x1c hf y6af ff4 fs3 fc1 sc0 ls0 ws0\">65.415 </div></div><div class=\"c wec h170 gs1167\"><div class=\"t m0 x1c hf y6af ff4 fs3 fc1 sc0 ls0 ws0\">79.591 </div></div><div class=\"c w2e0 h170 gs1168\"><div class=\"t m0 xa8 hf y6af ff4 fs3 fc1 sc0 ls0 ws0\">737.128 </div></div><div class=\"c w2e1 h170 gs1169\"><div class=\"t m0 xa8 hf y6af ff4 fs3 fc1 sc0 ls0 ws0\">132.888 </div></div><div class=\"c w2e0 h170 gs116a\"><div class=\"t m0 x30 hf y6af ff4 fs3 fc1 sc0 ls0 ws0\">3.091 </div></div><div class=\"c w2de h3c gs116b\"><div class=\"t m0 x0 h13 y5d5 ff2 fs3 fc1 sc0 ls0 ws0\">Totale passivit\u00e0<span class=\"_ _3\"></span> </div></div><div class=\"c w2df h3c gs116c\"><div class=\"t m0 xa8 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">130.343 </div></div><div class=\"c wec h3c gs116d\"><div class=\"t m0 xa8 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">147.123 </div></div><div class=\"c w2e0 h3c gs116e\"><div class=\"t m0 xe h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">1.378.924 </div></div><div class=\"c w2e1 h3c gs116f\"><div class=\"t m0 xa8 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">175.408 </div></div><div class=\"c w2e0 h3c gs1170\"><div class=\"t m0 x30 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">5.647 </div></div><div class=\"c w2de h3c gs1171\"><div class=\"t m0 x0 h13 y5d5 ff2 fs3 fc1 sc0 ls0 ws0\">CONTO ECONOMI<span class=\"_ _3\"></span>CO </div></div><div class=\"c w2de h3c gs1172\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Valore della produ<span class=\"_ _3\"></span>zione </div></div><div class=\"c w2df h3c gs1173\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">190.722 </div></div><div class=\"c wec h3c gs1174\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">92.579 </div></div><div class=\"c w2e0 h3c gs1175\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">441.495 </div></div><div class=\"c w2e1 h3c gs1176\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">151.368 </div></div><div class=\"c w2e0 h3c gs1177\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">5.989 </div></div><div class=\"c w2de h3c gs1178\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi della produzione<span class=\"_ _3\"></span> </div></div><div class=\"c w2df h3c gs1179\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(155.381) </div></div><div class=\"c wec h3c gs117a\"><div class=\"t m0 xb1 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(79.023) </div></div><div class=\"c w2e0 h3c gs117b\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(393.773) </div></div><div class=\"c w2e1 h3c gs117c\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(148.814) </div></div><div class=\"c w2e0 h3c gs117d\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(5.782)<span class=\"_ _75\"> </span> </div></div><div class=\"c w2de h3c gs117e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari </div></div><div class=\"c w2df h3c gs117f\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(585) </div></div><div class=\"c wec h3c gs1180\"><div class=\"t m0 x64 hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">12<span class=\"ls0\"> </span></div></div><div class=\"c w2e0 h3c gs1181\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(4.165) </div></div><div class=\"c w2e1 h3c gs1182\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(2.139) </div></div><div class=\"c w2e0 h3c gs1183\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(39) </div></div><div class=\"c w2de h3c gs1184\"><div class=\"t m0 x0 hf yfdd ff4 fs3 fc1 sc0 ls0 ws0\">Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari </div></div><div class=\"c w2df h3c gs1185\"><div class=\"t m0 xfd hf yfde ff4 fs3 fc1 sc0 ls0 ws0\">(6.868) </div></div><div class=\"c wec h3c gs1186\"><div class=\"t m0 xfd hf yfde ff4 fs3 fc1 sc0 ls0 ws0\">(1.772) </div></div><div class=\"c w2e0 h3c gs1187\"><div class=\"t m0 x98 hf yfde ff4 fs3 fc1 sc0 ls0 ws0\"> -<span class=\"ls8\">   </span> </div></div><div class=\"c w2e1 h3c gs1188\"><div class=\"t m0 x7 hf yfde ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2e0 h3c gs1189\"><div class=\"t m0 x19 hf yfde ff4 fs3 fc1 sc0 ls0 ws0\">118 </div></div><div class=\"c w2de h3c gs118a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Imposte dell'eserci<span class=\"_ _3\"></span>zio </div></div><div class=\"c w2df h3c gs118b\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(8.070) </div></div><div class=\"c wec h3c gs118c\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(2.280) </div></div><div class=\"c w2e0 h3c gs118d\"><div class=\"t m0 xb1 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(10.033) </div></div><div class=\"c w2e1 h3c gs118e\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(206) </div></div><div class=\"c w2e0 h3c gs118f\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(70) </div></div><div class=\"c w2de h3c gs1190\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Utile netto / (perdit<span class=\"_ _3\"></span>a) </div></div><div class=\"c w2df h3c gs1191\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">19.818 </div></div><div class=\"c wec h3c gs1192\"><div class=\"t m0 x30 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">9.516 </div></div><div class=\"c w2e0 h3c gs1193\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">33.524 </div></div><div class=\"c w2e1 h3c gs1194\"><div class=\"t m0 x19 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">209 </div></div><div class=\"c w2e0 h3c gs1195\"><div class=\"t m0 x19 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">216 </div></div><div class=\"c w2 h0 gs271\"><div class=\"t m0 x23 h4e yfe0 ff1 fs8 fc10 sc0 ls0 ws0\">*La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span></div></div>386<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> #B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024<span class=\"_ _75\"> </span>// Introduzione<span class=\"_ _75\"> </span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera<span class=\"_ _75\"> </span>3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>MGL/EURO ALIPLAST IBERIA SLU ALIPLAST POL<span class=\"_ _3\"></span>SKA SPZOO ARES TRADI<span class=\"_ _3\"></span>NG EOOD ARESENERGY EOOD ARESGAS EAD ATTIVIT\u00c0 Immobilizzazioni 729 297  -<span class=\"ls8\">   </span> 6 83.020 Attivo circolante 1.135 1.569 852 824 5.115 Totale attivit\u00e0<span class=\"_ _3\"></span> 1.864 1.866 852 830 88.135 PASSIVIT\u00c0 Capitale sociale 815 281 26<span class=\"ls0\"> </span>26<span class=\"ls0\"> </span>11.541 Riserve  262 1.111 637 (92) 19.541 Utile netto / (perdit<span class=\"_ _3\"></span>a) 85<span class=\"ls0\"> </span>143 164 36<span class=\"ls0\"> </span>1.887 Fondi \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> 264 Fondo Tfr \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> 41<span class=\"ls0\"> </span>Debiti 702 331 25<span class=\"ls0\"> </span>860 54.861 Totale passivit\u00e0<span class=\"_ _3\"></span> 1.864 1.866 852 830 88.135 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 2.334 4.031 2.596 2.330 36.844 Costi della produzi<span class=\"_ _3\"></span>one (2.256) (3.843) (2.413) (2.278) (33.372) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari \u2010<span class=\"ff4\"> </span>(3) (1) (16) (1.403) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari 35<span class=\"ls0\"> </span>\u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> Imposte dell'eserci<span class=\"_ _3\"></span>zio (28) (42) (18)  -<span class=\"ls8\">   </span> (182) Utile netto / (perdit<span class=\"_ _3\"></span>a) 85<span class=\"ls0\"> </span>143 164 36<span class=\"ls0\"> </span>1.887 MGL/EURO ASA SCPA BIORG SRL BLACK SEA GA<span class=\"_ _3\"></span>S COMPANY EOOD ESTENERGY SPA* ETRA ENERGIA<span class=\"_ _3\"></span> SRL* ATTIVIT\u00c0 Immobilizzazioni 2.411 30.403 1.119 500.314 123 Attivo circolante 19.468 4.852 4.245 470.663 5.934 Totale attivit\u00e0<span class=\"_ _3\"></span> 21.879 35.255 5.364 970.977 6.057 PASSIVIT\u00c0 Capitale sociale 1.820 1.000 3 299.926 100 Riserve  622 8.000 4.815 184.045 1.578 Utile netto / (perdit<span class=\"_ _3\"></span>a) \u2010<span class=\"ff4\"> </span>(1.738) (281) 63.182 1.247 Fondi 16.766 146  -<span class=\"ls8\">   </span> 6.317  -<span class=\"ls8\">   </span> Fondo Tfr 105 30<span class=\"ls0\"> </span>91<span class=\"ls0\"> </span>2.005 60<span class=\"ls0\"> </span>Debiti 2.566 27.817 736 415.502 3.072 Totale passivit\u00e0<span class=\"_ _3\"></span> 21.879 35.255 5.364 970.977 6.057 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 6.343 7.144 3.445 1.241.691 11.970 Costi della produzi<span class=\"_ _3\"></span>one (6.799) (8.535) (3.722) (1.154.357) (10.311) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari 458 (764) (6) 13.188 91<span class=\"ls0\"> </span>Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> Imposte dell'eserci<span class=\"_ _3\"></span>zio (2) 417 2 (37.340) (503)<span class=\"_ _75\"> </span> Utile netto / (perdit<span class=\"_ _3\"></span>a) \u2010<span class=\"ff2 sc0\"> </span>(1.738) (281) 63.182 1.247 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>// Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera<span class=\"_ _75\"> </span>3/ Bilancio separato d<span class=\"_ _3\"></span>ella Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> #B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024<span class=\"_ _75\"> </span>387<span class=\"ls0\"> </span>MGL/EURO F.LLI FRANCHINI<span class=\"_ _3\"></span> SRL FERONIA SRL FRULLO ENER<span class=\"_ _3\"></span>GIA AMBIENTE SRL*<span class=\"_ _3\"></span> GREEN FACTO<span class=\"_ _3\"></span>RY SRL HERA COMM SPA* ATTIVIT\u00c0 Immobilizzazioni 343 19.468 47.207 4.098 242.722 Attivo circolante 39.843 6.575 27.355 1.106 2.586.179 Totale attivit\u00e0 40.186 26.043 74.562 5.204 2.828.901 PASSIVIT\u00c0 Capitale sociale 1.100 100 17.139 500 53.596 Riserve  2.884 2.047 23.835 (63) 293.157 Utile netto / (perdit<span class=\"_ _3\"></span>a) 1.391 383 17.307 (16) 239.773 Fondi 100 4.646 1.867 \u2010<span class=\"ff4\"> </span>46.285 Fondo Tfr 395 \u2010<span class=\"ff4\"> </span>1.354 \u2010<span class=\"ff4\"> </span>3.918 Debiti 34.316 18.867 13.060 4.783 2.192.172 Totale passivit\u00e0<span class=\"_ _3\"></span> 40.186 26.043 74.562 5.204 2.828.901 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 19.935 4.670 45.538 \u2010<span class=\"ff4\"> </span>5.863.132 Costi della produzi<span class=\"_ _3\"></span>one (17.948) (4.073) (22.015) (16) (5.578.710) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari (55) (199) 420 \u2010<span class=\"ff4\"> </span>15.593 Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>29.287 Imposte dell'eserci<span class=\"_ _3\"></span>zio (541) (15) (6.636) \u2010<span class=\"ff2 sc0\"> </span>(89.529) Utile netto / (perdita)<span class=\"_ _3\"></span> 1.391 383 17.307 (16) 239.773 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>MGL/EURO HERA LUCE SRL* HERA SERVI<span class=\"_ _3\"></span>ZI ENERGIA SPA* HERA TRADI<span class=\"_ _3\"></span>NG SRL* HERAMBIENTE SERVIZI  INDUSTRIALI S<span class=\"_ _3\"></span>RL* HERAMBIENTE SPA* ATTIVIT\u00c0 Immobilizzazioni 127.504 106.818 179 274.026 995.124 Attivo circolante 69.100 502.537 1.664.144 56.920 533.823 Totale attivit\u00e0 196.604 609.355 1.664.323 330.946 1.528.947 PASSIVIT\u00c0 Capitale sociale 1.000 13.217 22.600 5.000 271.599 Riserve  70.255 71.121 106.257 36.300 80.394 Utile netto / (perdit<span class=\"_ _3\"></span>a) 4.547 3.392 2.162 10.617 47.345 Fondi 1.114 18.472 \u2010<span class=\"ff4\"> </span>4.894 169.440 Fondo Tfr 633 1.540 662 2.448 5.597 Debiti 119.055 501.613 1.532.642 271.687 954.572 Totale passivit\u00e0<span class=\"_ _3\"></span> 196.604 609.355 1.664.323 330.946 1.528.947 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 94.174 199.297 6.721.634 159.326 549.700 Costi della produzi<span class=\"_ _3\"></span>one (91.512) (175.142) (6.723.114) (157.976) (496.947) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari 3.578 (19.436) 4.973 2.671 1.596 Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> \u2010<span class=\"ff4\"> </span>Imposte dell'eserci<span class=\"_ _3\"></span>zio (1.693) (1.327) (1.331) 6.596 (7.004) Utile netto / (perdit<span class=\"_ _3\"></span>a) 4.547 3.392 2.162 10.617 47.345 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>388<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> #B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024<span class=\"_ _75\"> </span>// Introduzione<span class=\"_ _75\"> </span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera<span class=\"_ _75\"> </span>3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>MGL/EURO HERATECH SRL* HESTAMBIENTE SRL* HOROWATT SRL INRETE DISTRIBUZIONE  ENERGIA SPA* MACERO MACERATESE <span class=\"_ _3\"></span>SRL<span class=\"_ _75\"> </span> ATTIVIT\u00c0 Immobilizzazioni 54<span class=\"ls0\"> </span>112.178 177 1.458.666 5.507 Attivo circolante 77.283 21.343 555 204.278 7.591 Totale attivit\u00e0<span class=\"_ _3\"></span> 77.337 133.521 732 1.662.944 13.098 PASSIVIT\u00c0 Capitale sociale 1.981 1.010 550 9.901 1.033 Riserve  1.369 24.329 \u2010<span class=\"ff4\"> </span>581.307 6.627 Utile netto / (perdit<span class=\"_ _3\"></span>a) 963 23.768 (6) 44.210 667 Fondi 110 5.856 \u2010<span class=\"ff4\"> </span>153.578 223 Fondo Tfr 3.544 438 \u2010<span class=\"ff4\"> </span>6.713 473 Debiti 69.370 78.120 188 867.235 4.075 Totale passivit\u00e0<span class=\"_ _3\"></span> 77.337 133.521 732 1.662.944 13.098 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produzio<span class=\"_ _3\"></span>ne 164.391 93.461 9 420.690 15.367 Costi della produzi<span class=\"_ _3\"></span>one (162.645) (59.081) (15) (338.705) (14.448) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari (341) (1.583) \u2010<span class=\"ff4\"> </span>(21.510) (26) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> \u2010<span class=\"ff4\"> </span>671 \u2010<span class=\"ff4\"> </span>Imposte dell'eserci<span class=\"_ _3\"></span>zio (442) (9.029) \u2010<span class=\"ff4\"> </span>(16.936) (226) Utile netto / (perdit<span class=\"_ _3\"></span>a) 963 23.768 (6) 44.210 667 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>MGL/EURO MARCHE MULTISERVI<span class=\"_ _3\"></span>ZI SPA MARCHE MULTISERVI<span class=\"_ _3\"></span>ZI FALCONARA S<span class=\"_ _3\"></span>RL PRIMAGAS AD<span class=\"ls0\"> </span>RECYCLA SPA TIEPOLO SRL ATTIVIT\u00c0 Immobilizzazioni 280.361 2.590 2.684 16.220 4.764 Attivo circolante 82.284 2.325 452 7.563 2.208 Totale attivit\u00e0<span class=\"_ _3\"></span> 362.645 4.915 3.136 23.783 6.972 PASSIVIT\u00c0 Capitale sociale 16.389 100 588 90<span class=\"ls0\"> </span>1.305 Riserve  115.976 828 1.149 6.465 (21) Utile netto / (perdit<span class=\"_ _3\"></span>a) 8.201 358 270 3.383 (70) Fondi 41.102 509 35<span class=\"ls0\"> </span>901 \u2010<span class=\"ff4\"> </span>Fondo Tfr 4.368 626  -<span class=\"ls8\">   </span> 1.269 \u2010<span class=\"ff4\"> </span>Debiti 176.609 2.494 1.094 11.675 5.758 Totale passivit\u00e0<span class=\"_ _3\"></span> 362.645 4.915 3.136 23.783 6.972 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 147.772 8.963 2.880 25.298 Costi della produzi<span class=\"_ _3\"></span>one (132.584) (8.406) (2.560) (20.569) (77) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari (2.019) (17) (21) (114) (15) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> \u2010<span class=\"ff4\"> </span>Imposte dell'eserci<span class=\"_ _3\"></span>zio (4.968) (182) (29) (1.232) 22<span class=\"ls0\"> </span>Utile netto / (perdit<span class=\"_ _3\"></span>a) 8.201 358 270 3.383 (70)<span class=\"_ _75\"> </span> // Introduzione 1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera<span class=\"_ _75\"> </span>3/ Bilancio separato d<span class=\"_ _3\"></span>ella Capogruppo<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> #B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024<span class=\"_ _75\"> </span>389<span class=\"ls0\"> </span>MGL/EURO TRI-GENERAZION<span class=\"_ _3\"></span>E SCARL TRIVENETA LU<span class=\"_ _3\"></span>CE SCARL TRS ECOLOGY SRL UNIFLOTTE SRL* VALLORTIGAR<span class=\"_ _3\"></span>A SERVIZI AMBIENTALI SPA ATTIVIT\u00c0<span class=\"_ _75\"> </span> Immobilizzazioni  -<span class=\"ls8\">   </span> 3 6.<span class=\"ls3\">59<span class=\"ls0\">7 </span></span>147.364 18.135 Attivo circolante 665 358 10.<span class=\"ls0\">411<span class=\"_ _3\"></span> </span>31.835 13.328 Totale attivit\u00e0 665 361 17.<span class=\"ls0\">008<span class=\"_ _3\"></span> </span>179.199 31.463 PASSIVIT\u00c0 Capitale sociale 100 400 1.000 2.254 330 Riserve  289 (29) 3.775 32.696 13.592 Utile netto / (perdit<span class=\"_ _3\"></span>a) \u2010<span class=\"ff4\"> </span>(16) 505 2.248 2.309 Fondi \u2010<span class=\"ff4\"> </span>1.224 628 505 Fondo Tfr \u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span> 65<span class=\"ls0\"> </span>1.042 892 Debiti 276 6 10.439 140.331 13.835 Totale passivit\u00e0<span class=\"_ _3\"></span> 665 361 17.<span class=\"ls0\">008<span class=\"_ _3\"></span> </span>179.199 31.463 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 824  -<span class=\"ls8\">   </span> 16.7<span class=\"ls3\">84</span> 107.063 31.599 Costi della produzi<span class=\"_ _3\"></span>one (834) (16) (1<span class=\"ls0\">6.<span class=\"ls3\">021</span>) </span>(100.577) (28.318) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari 10<span class=\"ls0\"> </span> -<span class=\"ls8\">   </span> (5) (3.482) (97) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari \u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span> \u2010<span class=\"ff4\"> </span>Imposte dell'eserci<span class=\"_ _3\"></span>zio \u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span> (2<span class=\"ls3\">53<span class=\"ls0\">) </span></span>(756) (875) Utile netto / (perdit<span class=\"_ _3\"></span>a) \u2010<span class=\"ff2 sc0\"> </span>(16) 505 2.248 2.309 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>MGL/EURO WOLMANN SPA ATTIVIT\u00c0 Immobilizzazioni 41<span class=\"ls0\"> </span>Attivo circolante 9.186 Totale attivit\u00e0 9.227 PASSIVIT\u00c0 Capitale sociale 400 Riserve  1.055 Utile netto / (perdit<span class=\"_ _3\"></span>a) (972) Fondi 285 Fondo Tfr 186 Debiti 8.273 Totale passivit\u00e0<span class=\"_ _3\"></span> 9.227 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 6.332 Costi della produzi<span class=\"_ _3\"></span>one (7.466) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari 196 Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari (195) Imposte dell'eserci<span class=\"_ _3\"></span>zio 161 Utile netto / (perdit<span class=\"_ _3\"></span>a) (972) 390<span class=\"_ _75\"> </span>G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> #B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024<span class=\"_ _75\"> </span>// Introduzione<span class=\"_ _75\"> </span>1/ Relazione sulla <span class=\"_ _3\"></span>gestione<span class=\"_ _75\"> </span>2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera<span class=\"_ _75\"> </span>3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo<span class=\"_ _75\"> </span>Prospetto <span class=\"_ _e\"> </span>riepilogativo <span class=\"_ _d\"> </span>dati <span class=\"_ _d\"> </span>essenziali <span class=\"_ _e\"> </span><span class=\"ls10\">di</span> <span class=\"_ _d\"> </span>bilancio <span class=\"_ _e\"> </span>delle <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>controllo <span class=\"_ _e\"></span>congiunto <span class=\"_ _d\"> </span><span class=\"ls10\">ai</span> <span class=\"_ _e\"> </span>sensi <span class=\"_ _d\"> </span><span class=\"ff5\">dell\u2019art.2429,</span> <span class=\"_ _e\"> </span>ultimo comma, del C.c. MGL/EURO ENOMONDO SRL SET SPA ATTIVIT\u00c0 Immobilizzazioni 35.920 92.528 Attivo circolante 24.754 68.511 Totale attivit\u00e0<span class=\"_ _3\"></span> 60.674 161.039 PASSIVIT\u00c0 Capitale sociale 14.000 120 Riserve  23.556 72.818 Utile netto / (perdit<span class=\"_ _3\"></span>a) 3.748 (407) Fondi 731 Fondo Tfr 12<span class=\"ls0\"> </span>324 Debiti 18.627 88.184 Totale passivit\u00e0<span class=\"_ _3\"></span> 60.674 161.039 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 31.351 105.895 Costi della produzi<span class=\"_ _3\"></span>one (26.004) (104.298) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari (150) (2.076) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari \u2010<span class=\"ff4\"> </span>(94) Imposte dell'eserci<span class=\"_ _3\"></span>zio (1.449) 166 Utile netto / (perdit<span class=\"_ _3\"></span>a) 3.748 (407) Prospetto riepilogativo dati esse<span class=\"_ _3\"></span>nziali <span class=\"lse\">di</span> bilancio delle societ\u00e0 collegate <span class=\"ls10\">ai</span> sensi <span class=\"lse\">de</span><span class=\"ff5\">ll\u2019art.<span class=\"_ _3\"></span>2429,<span class=\"ff1\"> ultimo comma, del C.c. </span></span>MGL/EURO AIMAG SPA ASM SET SRL SEA - SERVIZI ECOLOGICI AMBIENTALI SRL SGR SERVIZI SPA TAMARETE ENERGIA SRL ATTIVIT\u00c0 Immobilizzazioni 329.003 153 12.968 1.303 42.219 Attivo circolante 83.906 16.418 17.979 122.334 11.727 Totale attivit\u00e0<span class=\"_ _3\"></span> 412.909 16.571 30.947 123.637 53.946 PASSIVIT\u00c0 Capitale sociale 78.028 200 100 5.982 3.600 Riserve  88.440 662 14.660 49.775 2.471 Utile netto / (perdit<span class=\"_ _3\"></span>a) 4.174 2.653 4.122 19.178 581 Fondi 31.467 7 1.097 217 4.460 Fondo Tfr 2.038 326 599 1.675 Debiti 208.762 12.723 10.369 46.810 42.834 Totale passivit\u00e0<span class=\"_ _3\"></span> 412.909 16.571 30.947 123.637 53.946 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 123.236 36.841 19.127 213.282 19.681 Costi della produzi<span class=\"_ _3\"></span>one (111.000) (33.314) (13.558) (188.879) (17.242) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari (5.001) 178 521 2.836 (1.682) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari (1.072) \u2010<span class=\"ff4\"> </span>Imposte dell'eserci<span class=\"_ _3\"></span>zio (1.989) (1.052) (1.968) (8.061) (176) Utile netto / (perdit<span class=\"_ _3\"></span>a) 4.174 2.653 4.122 19.178 581 <div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff4 fs3 fc7 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera</div><div class=\"t m5 x27 h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separato d<span class=\"_ _3\"></span>ella Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 xa2 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">#B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024</div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">391<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h41 y12e ff2 fs9 fc3 sc0 ls0 ws0\">2.05<span class=\"fc2\"> <span class=\"_ _4\"> </span></span>- <span class=\"_ _10\"> </span>INFORMAZIONI <span class=\"_ _4\"> </span>RICHIESTE <span class=\"_ _10\"> </span>DALLA <span class=\"_ _4\"> </span>LEGGE <span class=\"_ _10\"> </span>124 <span class=\"_ _4\"> </span>DEL <span class=\"_ _10\"> </span>4 </div><div class=\"t m0 x23 h41 y12f ff2 fs9 fc3 sc0 ls0 ws0\">AGOSTO <span class=\"_ _6c\"> </span>2017<span class=\"_ _3\"></span> <span class=\"_ _6c\"> </span>ART. <span class=\"_ _6c\"> </span>1 <span class=\"_ _6b\"> </span>COMMI <span class=\"_ _6c\"> </span>125-129 <span class=\"_ _6c\"> </span>E <span class=\"_ _6b\"> </span>S<span class=\"_ _5\"></span>UCCESSIVE </div><div class=\"t m0 x23 h41 y47b ff2 fs9 fc3 sc0 ls0 ws0\">MODIFICAZIONI </div><div class=\"t m0 x10a h4e y1bbc ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y14dd ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _e\"></span>L. <span class=\"_ _e\"></span>124/2017, <span class=\"_ _e\"></span>art. <span class=\"_ _6\"></span>1,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>co<span class=\"_ _5\"></span>mmi <span class=\"_ _6\"></span>da<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>125 <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>129 <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>successive <span class=\"_ _f\"> </span><span class=\"ff5\">modificazi<span class=\"_ _3\"></span>oni <span class=\"_ _e\"> </span>ha <span class=\"_ _e\"> </span>introdotto <span class=\"_ _e\"> </span>l\u2019obblig<span class=\"_ _3\"></span>o <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>imprese <span class=\"_ _e\"> </span>di </span></div><div class=\"t m0 x23 h43 y1e8c ff5 fs1 fc1 sc0 ls0 ws0\">fornire <span class=\"_ _6\"></span>evidenza <span class=\"_ _e\"> </span>nelle <span class=\"_ _6\"></span>note <span class=\"_ _6\"></span>esplicative <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>\u201csovvenzioni, <span class=\"_ _6\"></span>sussidi, <span class=\"_ _e\"> </span>vantagg<span class=\"_ _3\"></span>i, <span class=\"_ _e\"> </span>contributi <span class=\"_ _6\"></span>o <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>iuti, <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>denaro <span class=\"_ _6\"></span>e </div><div class=\"t m0 x23 h3 y17f8 ff1 fs1 fc1 sc0 ls0 ws0\">natura, privi di natura corrisp<span class=\"_ _3\"></span>ettiva, retributiva o risarci<span class=\"ff5\">toria\u201d </span>r<span class=\"_ _5\"></span>ice<span class=\"_ _3\"></span>vuti dalla Pubblica amministrazione, sopra la sogli<span class=\"_ _3\"></span>a di </div><div class=\"t m0 x23 h3 y1602 ff1 fs1 fc1 sc0 ls10 ws0\">10<span class=\"ls0\"> mila euro e s<span class=\"_ _3\"></span>econdo il criterio di cassa. </span></div><div class=\"t m0 x23 h3 y5de ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1124 ff1 fs1 fc1 sc0 ls0 ws0\">Di seguito si espong<span class=\"_ _3\"></span>ono in forma tabella<span class=\"_ _3\"></span>re le casistiche presenti<span class=\"_ _3\"></span> nel Gruppo:<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 yd29 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h122 y138 ff3 fs12 fc2 sc0 ls0 ws0\">Contributi in<span class=\"_ _3\"></span> conto eserciz<span class=\"_ _3\"></span>io </div><div class=\"t m0 x23 h3 y577 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w365 h1a5 gs1236\"><div class=\"t m0 x0 h13 ybff ff2 fs3 fc2 sc0 ls0 ws0\">ENTE EROGAN<span class=\"_ _3\"></span>TE </div></div><div class=\"c w366 h1a5 gs1237\"><div class=\"t m0 x65 h13 ybff ff2 fs3 fc2 sc0 ls0 ws0\">DESCRIZIONE </div></div><div class=\"c w367 h1a5 gs1238\"><div class=\"t m0 x16 h13 y692 ff2 fs3 fc2 sc0 ls0 ws0\">IMPORTO </div><div class=\"t m0 xa9 h13 ybff ff2 fs3 fc2 sc0 ls0 ws0\">INCASSATO  </div><div class=\"t m0 xb1 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">(EURO) </div></div><div class=\"c w365 h8e gs94\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Fondo per le Emer<span class=\"_ _3\"></span>genze </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Nazionali </div></div><div class=\"c w366 h8e gs1239\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Contributo Alluvi<span class=\"_ _3\"></span>one Maggio 2023 - ordina<span class=\"_ _3\"></span>nza del Commissari<span class=\"_ _3\"></span>o straordinario alla </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">ricostruzione nel territ<span class=\"_ _3\"></span>orio delle Regioni E<span class=\"_ _3\"></span>milia-Romagna, Toscana <span class=\"_ _3\"></span>e Marche </div></div><div class=\"c w367 h8e gs123a\"><div class=\"t m0 x2b hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">5.622.844 </div></div><div class=\"c w365 h3c gs123b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Regione Emilia-Roma<span class=\"_ _3\"></span>gna </div></div><div class=\"c w366 h3c gs123c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Inteventi per la contin<span class=\"_ _3\"></span>uit\u00e0 del servizio i<span class=\"_ _3\"></span>dropotabile </div></div><div class=\"c w367 h3c gs123d\"><div class=\"t m0 x2b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.349.924 </div></div><div class=\"c w365 h3c gs123e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Atersir </div></div><div class=\"c w366 h3c gs123f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Sostegno all'econ<span class=\"_ _3\"></span>omia circolare e alla r<span class=\"_ _3\"></span>iduzione della produzi<span class=\"_ _3\"></span>one dei rifiuti urbani </div></div><div class=\"c w367 h3c gs1240\"><div class=\"t m0 x2b hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.143.459 </div></div><div class=\"c w365 h3c gs1241\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Comune di Ferrara </div></div><div class=\"c w366 h3c gs1242\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo per iniziativ<span class=\"_ _3\"></span>e di mobility managem<span class=\"_ _3\"></span>ent </div></div><div class=\"c w367 h3c gs1243\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">224.803 </div></div><div class=\"c w365 h3c gs1244\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Arpae Emilia-Romagn<span class=\"_ _3\"></span>a </div></div><div class=\"c w366 h3c gs1245\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Sistema di sorvegli<span class=\"_ _3\"></span>anza sistematica del <span class=\"_ _3\"></span>SARS-CoV-2 nelle acqu<span class=\"_ _3\"></span>e reflue </div></div><div class=\"c w367 h3c gs1246\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">109.168 </div></div><div class=\"c w365 h8e gs1247\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Agenzia Nazionale P<span class=\"_ _3\"></span>olitiche </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Attive del Lavoro </div></div><div class=\"c w366 h8e gs1248\"><div class=\"t m0 x0 hf y39 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo nuove compet<span class=\"_ _3\"></span>enze </div></div><div class=\"c w367 h8e gs1249\"><div class=\"t m0 xb1 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">104.685 </div></div><div class=\"c w365 h8e gs124a\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Commissione Euro<span class=\"_ _3\"></span>pea - Capofila </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sintef AS </div></div><div class=\"c w366 h8e gs124b\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">Progetto relativo a<span class=\"_ _3\"></span>gli <span class=\"ffb\">impatti del blending <span class=\"_ _3\"></span>H2 nell\u2019ambito dei mat<span class=\"_ _3\"></span>eriali di rete non m<span class=\"_ _3\"></span>etallici<span class=\"ff4\"> </span></span></div></div><div class=\"c w367 h8e gs124c\"><div class=\"t m0 x4 hf y301 ff4 fs3 fc1 sc0 ls0 ws0\">74.530 </div></div><div class=\"c w365 h8e gs124d\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle infr<span class=\"_ _3\"></span>astrutture e dei </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">trasporti </div></div><div class=\"c w366 h8e gs124e\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo compens<span class=\"_ _3\"></span>azione prezzi erogato <span class=\"_ _3\"></span>nell'anno </div></div><div class=\"c w367 h8e gs124f\"><div class=\"t m0 x4 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">34.885 </div></div><div class=\"c w365 h61 gs1250\"><div class=\"t m0 x0 hf y2fb ff4 fs3 fc1 sc0 ls0 ws0\">Fondirigenti - Fondo </div><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">interprofessionale <span class=\"_ _3\"></span>per la </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">formazione continu<span class=\"_ _3\"></span>a </div></div><div class=\"c w366 h61 gs1251\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Formazione del <span class=\"_ _3\"></span>personale - progetto strategi<span class=\"_ _3\"></span>e talent acquisition </div></div><div class=\"c w367 h61 gs1252\"><div class=\"t m0 x4 hf y5a6 ff4 fs3 fc1 sc0 ls0 ws0\">12.500 </div></div><div class=\"c w365 h3c gs38e\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Comune di Morcian<span class=\"_ _3\"></span>o di Romagna </div></div><div class=\"c w366 h3c gs1253\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Contributo Covid 2<span class=\"_ _3\"></span>020 </div></div><div class=\"c w367 h3c gs1254\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">10.972 </div></div><div class=\"c wc h39 gsb\"><div class=\"t m1 x5 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">392</div><div class=\"t m2 xc0 h35 yc1 ff4 fs6 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w11 h39 gsc\"><div class=\"t m3 x0 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O<span class=\"_ _5\"></span> H<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 x0 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">#B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024</div><div class=\"t m0 xb h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w12 h39 gsd\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione</div><div class=\"t m4 x1c h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w13 h39 gse\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x31 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w14 h39 gsf\"><div class=\"t m0 xf h13 ydd ff4 fs3 fc7 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera</div><div class=\"t m5 x20 h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w15 h39 gs10\"><div class=\"t m0 x18 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separat<span class=\"_ _3\"></span>o della Capogruppo</div><div class=\"t m4 x22 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gs11\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h122 y12f1 ff3 fs12 fc2 sc0 ls0 ws0\">Contributi in<span class=\"_ _3\"></span> conto impiant<span class=\"_ _3\"></span>i </div><div class=\"t m0 x6b h4e y1d38 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w368 h94 gs1255\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ENTE EROGAN<span class=\"_ _3\"></span>TE </div></div><div class=\"c w369 h94 gs1256\"><div class=\"t m0 x7f h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">DESCRIZIONE </div></div><div class=\"c w330 h94 gs1257\"><div class=\"t m0 x32 h13 y5e6 ff2 fs3 fc2 sc0 ls0 ws0\">IMPORTO </div><div class=\"t m0 xbc h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">INCASSATO  </div><div class=\"t m0 x3 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">(EURO) </div></div><div class=\"c w368 h8e gs1258\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle Infra<span class=\"_ _3\"></span>strutture e dei </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Trasporti - AAto1<span class=\"_ _3\"></span> </div></div><div class=\"c w369 h8e gs1259\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - Riduzione <span class=\"_ _3\"></span>delle perdite e rinno<span class=\"_ _3\"></span>vamento delle reti idr<span class=\"_ _3\"></span>iche </div></div><div class=\"c w330 h8e gs125a\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">5.851.800 </div></div><div class=\"c w368 h8e gs125b\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle Infr<span class=\"_ _3\"></span>astrutture e dei </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Trasporti </div></div><div class=\"c w369 h8e gs125c\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - riduzione p<span class=\"_ _3\"></span>erdite idriche in AT<span class=\"_ _3\"></span>O 5 </div></div><div class=\"c w330 h8e gs125d\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">4.056.210 </div></div><div class=\"c w368 h8e gs125e\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle Infra<span class=\"_ _3\"></span>strutture e dei </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Trasporti </div></div><div class=\"c w369 h8e gs125f\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - riduzione p<span class=\"_ _3\"></span>erdite idriche in AT<span class=\"_ _3\"></span>O 8 </div></div><div class=\"c w330 h8e gs1260\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">3.000.825 </div></div><div class=\"c w368 h8e gs1261\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle Infr<span class=\"_ _3\"></span>astrutture e dei </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Trasporti </div></div><div class=\"c w369 h8e gs1262\"><div class=\"t m0 x0 hf y39 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - riduzione p<span class=\"_ _3\"></span>erdite idriche in AT<span class=\"_ _3\"></span>O 7 </div></div><div class=\"c w330 h8e gs1263\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">2.778.150 </div></div><div class=\"c w368 h8e gs1264\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle Infr<span class=\"_ _3\"></span>astrutture e dei </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Trasporti </div></div><div class=\"c w369 h8e gs1265\"><div class=\"t m0 x0 hf y39 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - sustainabl<span class=\"_ _3\"></span>e water management<span class=\"_ _3\"></span> </div></div><div class=\"c w330 h8e gs1266\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">2.500.000 </div></div><div class=\"c w368 h2b8 gs1267\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Comune di Rimini<span class=\"_ _3\"></span> </div></div><div class=\"c w369 h2b8 gs1268\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Realizzazione dell'infr<span class=\"_ _3\"></span>astruttura fognaria <span class=\"_ _3\"></span>del primo stral<span class=\"_ _3\"></span>cio della dorsale Sud <span class=\"_ _3\"></span>di Rimini </div></div><div class=\"c w330 h2b8 gs1269\"><div class=\"t m0 x16 hf y8fd ff4 fs3 fc1 sc0 ls0 ws0\">2.481.970 </div></div><div class=\"c w368 h8e gs126a\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs126b\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR <span class=\"ffb\">\u2013</span> potenziam<span class=\"_ _3\"></span>ento fonte Geotermic<span class=\"_ _3\"></span>a nel comune di Ferr<span class=\"_ _3\"></span>ara </div></div><div class=\"c w330 h8e gs126c\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">2.287.638 </div></div><div class=\"c w368 h2b8 gs126d\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Atersir </div></div><div class=\"c w369 h2b8 gs126e\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - potenziam<span class=\"_ _3\"></span>ento depuratore Ra<span class=\"_ _3\"></span>venna 1\u00b0 stralcio </div></div><div class=\"c w330 h2b8 gs126f\"><div class=\"t m0 x16 hf y8fd ff4 fs3 fc1 sc0 ls0 ws0\">2.215.160 </div></div><div class=\"c w368 h5f gs1270\"><div class=\"t m0 x0 hf ybff ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle Infr<span class=\"_ _3\"></span>astrutture e dei </div><div class=\"t m0 x0 hf yef4 ff4 fs3 fc1 sc0 ls0 ws0\">Trasporti </div></div><div class=\"c w369 h5f gs1271\"><div class=\"t m0 x0 hf y1461 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - riduzione p<span class=\"_ _3\"></span>erdite idriche in AT<span class=\"_ _3\"></span>O 9 </div></div><div class=\"c w330 h5f gs1272\"><div class=\"t m0 x16 hf y1f68 ff4 fs3 fc1 sc0 ls0 ws0\">2.049.600 </div></div><div class=\"c w368 h8e gs1273\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle Infr<span class=\"_ _3\"></span>astrutture e dei </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Trasporti </div></div><div class=\"c w369 h8e gs1274\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - riduzione p<span class=\"_ _3\"></span>erdite idriche in AT<span class=\"_ _3\"></span>O 4 </div></div><div class=\"c w330 h8e gs1275\"><div class=\"t m0 x16 hf y301 ff4 fs3 fc1 sc0 ls0 ws0\">1.873.500 </div></div><div class=\"c w368 h8e gs1276\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs1277\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - smart gri<span class=\"_ _3\"></span>d nel comune di Tri<span class=\"_ _3\"></span>este </div></div><div class=\"c w330 h8e gs1278\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">1.840.440 </div></div><div class=\"c w368 h8e gs1279\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs127a\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR <span class=\"ffb\">\u2013</span> progetto p<span class=\"_ _3\"></span>er l'incremento dell<span class=\"_ _3\"></span>a distribuzione di ener<span class=\"_ _3\"></span>gia da fonti rinno<span class=\"_ _3\"></span>vabili  </div></div><div class=\"c w330 h8e gs127b\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">1.649.766 </div></div><div class=\"c w368 h8e gs127c\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle Infr<span class=\"_ _3\"></span>astrutture e dei </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Trasporti </div></div><div class=\"c w369 h8e gs127d\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - riduzione p<span class=\"_ _3\"></span>erdite idriche in AT<span class=\"_ _3\"></span>O 6 </div></div><div class=\"c w330 h8e gs127e\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">1.609.650 </div></div><div class=\"c w368 h2b8 gs127f\"><div class=\"t m0 x0 hf yab ff4 fs3 fc1 sc0 ls0 ws0\">Atersir </div></div><div class=\"c w369 h2b8 gs1280\"><div class=\"t m0 x0 hf yab ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - risanament<span class=\"_ _3\"></span>o scarichi 7-33 in local<span class=\"_ _3\"></span>it\u00e0 Alfero (provincia di <span class=\"_ _3\"></span>Forl\u00ec-Cesena) </div></div><div class=\"c w330 h2b8 gs1281\"><div class=\"t m0 x16 hf y8fd ff4 fs3 fc1 sc0 ls0 ws0\">1.370.449 </div></div><div class=\"c w368 h2b8 gs1282\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Regione Marche - Ato<span class=\"_ _3\"></span>1 </div></div><div class=\"c w369 h2b8 gs1283\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Lavori alle fogne allu<span class=\"_ _3\"></span>vione di Cagli 2022 </div></div><div class=\"c w330 h2b8 gs1284\"><div class=\"t m0 x16 hf y8fd ff4 fs3 fc1 sc0 ls0 ws0\">1.353.956 </div></div><div class=\"c w368 h2b8 gs1285\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Cafc Spa </div></div><div class=\"c w369 h2b8 gs1286\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - smart water m<span class=\"_ _3\"></span>anagement </div></div><div class=\"c w330 h2b8 gs1287\"><div class=\"t m0 x16 hf y8fd ff4 fs3 fc1 sc0 ls0 ws0\">1.221.810 </div></div><div class=\"c w368 h2b8 gs1288\"><div class=\"t m0 x0 hf yab ff4 fs3 fc1 sc0 ls0 ws0\">Ausir </div></div><div class=\"c w369 h2b8 gs1289\"><div class=\"t m0 x0 hf yab ff4 fs3 fc1 sc0 ls0 ws0\">Inteventi sulla rete idri<span class=\"_ _3\"></span>ca </div></div><div class=\"c w330 h2b8 gs128a\"><div class=\"t m0 x3 hf y8fd ff4 fs3 fc1 sc0 ls0 ws0\">971.720 </div></div><div class=\"c w368 h8e gs128b\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs128c\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - impianto fibre <span class=\"_ _3\"></span>di carbonio </div></div><div class=\"c w330 h8e gs128d\"><div class=\"t m0 x3 hf y301 ff4 fs3 fc1 sc0 ls0 ws0\">856.536 </div></div><div class=\"c w368 h2b8 gs128e\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Atersir </div></div><div class=\"c w369 h2b8 gs128f\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - potenziam<span class=\"_ _3\"></span>ento impianto depur<span class=\"_ _3\"></span>azione Idar (Bo) </div></div><div class=\"c w330 h2b8 gs1290\"><div class=\"t m0 x3 hf y8fd ff4 fs3 fc1 sc0 ls0 ws0\">809.127 </div></div><div class=\"c w368 h8e gs1291\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs1292\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR- estensione <span class=\"_ _3\"></span>dell'interconnessio<span class=\"_ _3\"></span>ne del Teleriscalde<span class=\"_ _3\"></span>mento nel comun<span class=\"_ _3\"></span>e di Forl\u00ec </div></div><div class=\"c w330 h8e gs1293\"><div class=\"t m0 x3 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">784.603 </div></div><div class=\"c w368 h5f gs1294\"><div class=\"t m0 x0 hf y2e7 ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h5f gs1295\"><div class=\"t m0 x0 hf y1761 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - impianto pl<span class=\"_ _3\"></span>astiche rigide nel com<span class=\"_ _3\"></span>une di Modena </div></div><div class=\"c w330 h5f gs1296\"><div class=\"t m0 x3 hf y1e25 ff4 fs3 fc1 sc0 ls0 ws0\">770.221 </div></div><div class=\"c w368 h38c gs1297\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Ato 1 </div></div><div class=\"c w369 h38c gs1298\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">PNRR -nuova rete f<span class=\"_ _3\"></span>ognaria - Petriano Vall<span class=\"_ _3\"></span>efoglia (Pu) </div></div><div class=\"c w330 h38c gs1299\"><div class=\"t m0 x3 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">510.000 </div></div><div class=\"c w368 h8e gs129a\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs129b\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - Bioessic<span class=\"_ _3\"></span>atori Codevigo-Ca' Nordi<span class=\"_ _3\"></span>o-Abano (Pd) </div></div><div class=\"c w330 h8e gs129c\"><div class=\"t m0 x3 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">485.810 </div></div><div class=\"c w368 h2b8 gs129d\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Comune di Ravenn<span class=\"_ _3\"></span>a </div></div><div class=\"c w369 h2b8 gs129e\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Realizzazione rete fo<span class=\"_ _3\"></span>gnaria Darsena C<span class=\"_ _3\"></span>omune di Ravenna </div></div><div class=\"c w330 h2b8 gs129f\"><div class=\"t m0 x3 hf y8fd ff4 fs3 fc1 sc0 ls0 ws0\">471.296 </div></div><div class=\"c w368 h8e gs12a0\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero delle Infr<span class=\"_ _3\"></span>astrutture e dei </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Trasporti </div></div><div class=\"c w369 h8e gs12a1\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo compens<span class=\"_ _3\"></span>azione prezzi AP03 </div></div><div class=\"c w330 h8e gs12a2\"><div class=\"t m0 x3 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">450.889 </div></div><div class=\"c w368 h38c gs12a3\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Comune di Padova<span class=\"_ _3\"></span> </div></div><div class=\"c w369 h38c gs12a4\"><div class=\"t m0 x0 hf yda ff4 fs3 fc1 sc0 ls0 ws0\">Riqualificazione Reti <span class=\"_ _3\"></span>SII - Tram SIR3 C<span class=\"_ _3\"></span>omune di Padova </div></div><div class=\"c w330 h38c gs12a5\"><div class=\"t m0 x3 hf yedc ff4 fs3 fc1 sc0 ls0 ws0\">414.095 </div></div><div class=\"c w368 h3c gs12a6\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Ato 1 </div></div><div class=\"c w369 h3c gs12a7\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - completam<span class=\"_ _3\"></span>ento collettamento <span class=\"_ _3\"></span>nel comune di San <span class=\"_ _3\"></span>Costanzo (Pu) </div></div><div class=\"c w330 h3c gs12a8\"><div class=\"t m0 x3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">405.000 </div></div><div class=\"c w368 h8e gs12a9\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca - Ato1 </div></div><div class=\"c w369 h8e gs12aa\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">Interventi sulla rete fo<span class=\"_ _3\"></span>gnaria </div></div><div class=\"c w330 h8e gs12ab\"><div class=\"t m0 x3 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">346.416 </div></div><div class=\"c w368 h8e gs12ac\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs12ad\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR <span class=\"ffb\">\u2013</span> porgetto p<span class=\"_ _3\"></span>er il rafforzamento dell<span class=\"_ _3\"></span>a rete di distribuzio<span class=\"_ _3\"></span>ne in media tensione  </div></div><div class=\"c w330 h8e gs12ae\"><div class=\"t m0 x3 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">261.051 </div></div><div class=\"c w368 h94 gs12af\"><div class=\"t m0 x0 hf y5e6 ff4 fs3 fc1 sc0 ls0 ws0\">Comune di Bentivo<span class=\"_ _3\"></span>glio - </div><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Fondazione Hospi<span class=\"_ _3\"></span>ce Mt </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Cantorese </div></div><div class=\"c w369 h94 gs12b0\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Interventi di potenzia<span class=\"_ _3\"></span>mento delle reti idric<span class=\"_ _3\"></span>he e fognarie Com<span class=\"_ _3\"></span>une di Bentivoglio </div></div><div class=\"c w330 h94 gs12b1\"><div class=\"t m0 x3 hf y5e7 ff4 fs3 fc1 sc0 ls0 ws0\">240.000 </div></div><div class=\"c w368 h8e gs12b2\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs12b3\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - Iot Wast<span class=\"_ _3\"></span>e (IntercOnnecT Wast<span class=\"_ _3\"></span>e) </div></div><div class=\"c w330 h8e gs12b4\"><div class=\"t m0 x3 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">100.000 </div></div><div class=\"c w368 h5f gs12b5\"><div class=\"t m0 x0 hf ybff ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h5f gs12b6\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR <span class=\"ffb\">\u2013</span> realizza<span class=\"_ _3\"></span>zione di un Centro <span class=\"_ _3\"></span>di Raccolta a Triest<span class=\"_ _3\"></span>e </div></div><div class=\"c w330 h5f gs12b7\"><div class=\"t m0 x3 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">100.000 </div></div><div class=\"c w368 h8e gs12b8\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs12b9\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - cassonetti <span class=\"_ _3\"></span>Intelligenti a Trieste - Centr<span class=\"_ _3\"></span>o Citt\u00e0 </div></div><div class=\"c w330 h8e gs12ba\"><div class=\"t m0 xdb hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">99.984 </div></div><div class=\"c w368 h8e gs12bb\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Fondo per le Emer<span class=\"_ _3\"></span>genze </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Nazionali </div></div><div class=\"c w369 h8e gs12bc\"><div class=\"t m0 x0 hf y39 ff4 fs3 fc1 sc0 ls0 ws0\">Contributi per emer<span class=\"_ _3\"></span>genza alluvione ma<span class=\"_ _3\"></span>ggio 2023 Emilia-Romagna </div></div><div class=\"c w330 h8e gs12bd\"><div class=\"t m0 xdb hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">81.556 </div></div><div class=\"c w368 h8e gs12be\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs12bf\"><div class=\"t m0 x0 hf y39 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - cassonetti <span class=\"_ _3\"></span>Intelligenti a Trieste - Altopi<span class=\"_ _3\"></span>ano </div></div><div class=\"c w330 h8e gs12c0\"><div class=\"t m0 xdb hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">78.289 </div></div><div class=\"c w368 h3c gs12c1\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Regione Marche - Ato<span class=\"_ _3\"></span>1 </div></div><div class=\"c w369 h3c gs12c2\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Interventi sulla rete fo<span class=\"_ _3\"></span>gnaria </div></div><div class=\"c w330 h3c gs12c3\"><div class=\"t m0 xdb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">41.674 </div></div><div class=\"c w368 h8e gs12c4\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Ministero dell'Ambie<span class=\"_ _3\"></span>nte e della </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">Sicurezza Energeti<span class=\"_ _3\"></span>ca </div></div><div class=\"c w369 h8e gs12c5\"><div class=\"t m0 x0 hf y28 ff4 fs3 fc1 sc0 ls0 ws0\">PNRR - installazion<span class=\"_ _3\"></span>e cestini compattanti <span class=\"_ _3\"></span>a Trieste </div></div><div class=\"c w330 h8e gs12c6\"><div class=\"t m0 xdb hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">32.718 </div></div><div class=\"c w368 h3c gs12c7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Centro Coordiname<span class=\"_ _3\"></span>nto Raee </div></div><div class=\"c w369 h3c gs12c8\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Interventi per l'imple<span class=\"_ _3\"></span>mentazione sistema <span class=\"_ _3\"></span>Raee </div></div><div class=\"c w330 h3c gs12c9\"><div class=\"t m0 xdb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">30.000 </div></div><div class=\"c w368 h3c gs12ca\"><div class=\"t m0 x0 hf y5c7 ffb fs3 fc1 sc0 ls0 ws0\">Comune di Cast<span class=\"_ _3\"></span>ello d\u2019Argile  <span class=\"ff4\"> </span></div></div><div class=\"c w369 h3c gs12cb\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Interventi di potenzia<span class=\"_ _3\"></span>mento delle reti idric<span class=\"_ _3\"></span>he e fognarie </div></div><div class=\"c w330 h3c gs12cc\"><div class=\"t m0 xdb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">18.182 </div></div><div class=\"c w16 h39 gs3\"><div class=\"t m0 x0 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">// Introduzione </div></div><div class=\"c w17 h39 gs4\"><div class=\"t m0 x17 hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">1/ Relazione sulla <span class=\"_ _3\"></span>gestione</div><div class=\"t m4 x1e h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w18 h39 gs5\"><div class=\"t m0 x17 h13 ydd ff4 fs3 fc7 sc0 ls0 ws0\">2/ Bilancio consolid<span class=\"_ _3\"></span>ato Gruppo<span class=\"ff2\"> </span>Hera</div><div class=\"t m5 x27 h38 ydb ff2 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w19 h39 gs6\"><div class=\"t m0 xf hf ydd ff4 fs3 fc7 sc0 ls0 ws0\">3/ Bilancio separato d<span class=\"_ _3\"></span>ella Capogruppo</div><div class=\"t m4 x29 h37 ydb ff4 fs8 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1a h39 gs7\"><div class=\"t m3 x13 h36 ye2 ff4 fs7 fc7 sc0 ls0 ws0\">G<span class=\"_ _5\"></span>RU<span class=\"_ _5\"></span>PP<span class=\"_ _5\"></span>O <span class=\"_ _5\"></span>HE<span class=\"_ _7\"></span>RA<span class=\"_ _7\"></span> </div><div class=\"t m3 xa2 h36 ydc ff4 fs7 fc7 sc0 ls0 ws0\">#B<span class=\"_ _5\"></span>E<span class=\"_ _5\"></span> 2<span class=\"_ _5\"></span>024</div><div class=\"t m6 x1 h3a ye3 ff7 fs7 fc7 sc0 ls0 ws0\"> </div></div><div class=\"c w1b h39 gs8\"><div class=\"t m1 x15 h34 yc1 ff4 fs5 fc7 sc0 lsa ws0\">393<span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h41 y12e ff2 fs9 fc3 sc0 ls0 ws0\">2.06<span class=\"fc2\"> <span class=\"_ _2a\"> </span></span>- <span class=\"_ _6d\"> </span>PROSPETTO <span class=\"_ _6d\"> </span>ART.149 <span class=\"_ _2a\"> </span>DUODECIES <span class=\"_ _6d\"> </span>DEL </div><div class=\"t m0 x23 h41 y12f ff2 fs9 fc3 sc0 ls0 ws0\">REGOLAMENTO EMITTENTI CONSOB </div><div class=\"t m0 x23 h3 y130 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c wd2 h3c gs12cd\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">MGL/EURO </div></div><div class=\"c wd3 h3c gs12ce\"><div class=\"t m0 x18 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">SOCIET\u00c0 DI RE<span class=\"_ _3\"></span>VISIONE   </div></div><div class=\"c wd3 h3c gs12cf\"><div class=\"t m0 x54 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c wd2 h6e gs12d0\"><div class=\"t m0 x0 hf y26b ff4 fs3 fc1 sc0 ls0 ws0\">Prestazioni per la c<span class=\"_ _3\"></span>ertificazione del bilan<span class=\"_ _3\"></span>cio </div></div><div class=\"c wd3 h90 gs12d1\"><div class=\"t m0 xe hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Deloitte &amp; Touche  </div></div><div class=\"c wd3 h90 gs12d2\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">598 </div></div><div class=\"c wd3 h3c gs12d3\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">KPMG </div></div><div class=\"c wd3 h3c gs12d4\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">446 </div></div><div class=\"c wd2 h6e gs12d5\"><div class=\"t m0 x0 hf yc9a ff4 fs3 fc1 sc0 ls0 ws0\">Prestazioni di altri s<span class=\"_ _3\"></span>ervizi finalizzati all'emi<span class=\"_ _3\"></span>ssione di un'atte<span class=\"_ _3\"></span>stazione rese dall<span class=\"_ _3\"></span>a societ\u00e0 di </div><div class=\"t m0 x0 hf y20 ff4 fs3 fc1 sc0 ls0 ws0\">revisione </div></div><div class=\"c wd3 h3c gs12d6\"><div class=\"t m0 xe hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Deloitte &amp; Touche  </div></div><div class=\"c wd3 h3c gs12d7\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">180 </div></div><div class=\"c wd3 h3c gs12d8\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">KPMG  </div></div><div class=\"c wd3 h3c gs12d9\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">183 </div></div><div class=\"c wd2 h6e gs12da\"><div class=\"t m0 x0 hf y26b ff4 fs3 fc1 sc0 ls0 ws0\">Altre prestazioni di <span class=\"_ _3\"></span>servizi </div></div><div class=\"c wd3 h3c gs12db\"><div class=\"t m0 xe hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Deloitte &amp; Touche </div></div><div class=\"c wd3 h3c gs12dc\"><div class=\"t m0 x110 hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">23<span class=\"ls0\"> </span></div></div><div class=\"c wd3 h3c gs12dd\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">KPMG </div></div><div class=\"c wd3 h3c gs12de\"><div class=\"t m0 x110 hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">60<span class=\"ls0\"> </span></div></div><div class=\"c wd2 h3c gs12df\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c wd3 h3c gs12e0\"><div class=\"t m0 xc6 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">1.4<span class=\"ls1\">90</span> </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-439": {
   "value": "2.02.01 <span class=\"ls0\">- Introd<span class=\"_ _3\"></span>uzione </span>Hera Spa \u00e8 una <span class=\"_ _5\"></span>societ\u00e0 per azioni (Spa) <span class=\"_ _5\"></span>costituita in Italia, quotata presso la Borsa <span class=\"_ _5\"></span>di Milano <span class=\"lse\">e <span class=\"_ _5\"></span></span>domiciliata a Bologna in <span class=\"_ _7\"></span>Viale <span class=\"_ _6\"></span>Ber<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>Pi<span class=\"_ _3\"></span>chat <span class=\"_ _7\"></span>2/4<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _7\"></span></span>Hera <span class=\"_ _7\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>sue <span class=\"_ _7\"></span>controllate <span class=\"_ _6\"></span>(il <span class=\"_ _5\"></span>Gruppo<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Hera) <span class=\"_ _6\"></span>op<span class=\"_ _3\"></span>erano <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>n <span class=\"_ _7\"></span>Italia <span class=\"_ _7\"></span>ne<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>settori ambientale <span class=\"_ _2\"> </span>(gestione <span class=\"_ _2\"> </span>e <span class=\"_ _2\"> </span>trattamento <span class=\"_ _8\"> </span>de<span class=\"_ _5\"></span>i <span class=\"_ _8\"> </span>r<span class=\"_ _5\"></span>ifiuti), <span class=\"_ _2\"> </span>idrico <span class=\"_ _2\"> </span>(acquedotto,<span class=\"_ _3\"></span> <span class=\"_ _2\"> </span>fognature <span class=\"_ _2\"> </span>e <span class=\"_ _2\"> </span>depurazione) <span class=\"_ _2\"> </span>ed <span class=\"_ _2\"> </span>energetico (distribuzione e vendita <span class=\"_ _5\"></span>di energia <span class=\"_ _5\"></span>elettrica, gas e <span class=\"_ _5\"></span>servizi energia), <span class=\"_ _5\"></span>offrendo inoltre servi<span class=\"_ _7\"></span>zi <span class=\"_ _5\"></span>per l'illuminazione pubblica e le telecomunicazioni. Il bi<span class=\"_ _5\"></span>lancio consolidato al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>predisposto in applicazione del<span class=\"_ _5\"></span> Regolamento (CE) <span class=\"_ _5\"></span>1606/2002 del 19 <span class=\"_ _d\"> </span>luglio <span class=\"_ _d\"> </span>2002, <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>conformit\u00e0 <span class=\"_ _e\"></span>ai <span class=\"_ _d\"> </span>principi <span class=\"_ _d\"> </span>contabili <span class=\"_ _f\"> </span>intern<span class=\"_ _3\"></span>azionali <span class=\"_ _f\"> </span>Ifrs <span class=\"_ _f\"> </span><span class=\"ff5\">emessi <span class=\"_ _e\"> </span>dall<span class=\"_ _5\"></span>\u2019Internatio<span class=\"_ _3\"></span>nal <span class=\"_ _f\"> </span><span class=\"ff1\">accounting <span class=\"_ _d\"> </span>standard </span></span>board<span class=\"ff16\"> <span class=\"_ _7\"></span></span>(Iasb) <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>omologati <span class=\"_ _7\"></span>dalla <span class=\"_ _5\"></span>Commissione <span class=\"_ _6\"></span>europea<span class=\"ls16\">, <span class=\"_ _5\"></span></span><span class=\"ff5\">nonch\u00e9 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rovvedime<span class=\"_ _3\"></span>nti <span class=\"_ _7\"></span>emanati <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>attuazione <span class=\"_ _7\"></span>dell\u2019art. <span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>del </span>D.Lgs. 38/2005. <span class=\"_ _5\"></span>Per <span class=\"_ _5\"></span>Ifrs <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>inten<span class=\"_ _3\"></span>dono <span class=\"_ _5\"></span>anche gli <span class=\"_ _5\"></span>International accounting <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tandards <span class=\"_ _5\"></span>(Ias) tuttora <span class=\"_ _5\"></span>in vigore<span class=\"ls16\">, <span class=\"_ _5\"></span></span>i <span class=\"_ _5\"></span>documenti interpretativi e<span class=\"_ _5\"></span>messi dall\u2019International <span class=\"_ _7\"></span><span class=\"ff1\">financial <span class=\"_ _5\"></span>reporting <span class=\"_ _5\"></span>standards Interpretation <span class=\"_ _5\"></span>commitee <span class=\"_ _5\"></span>(Ifrs <span class=\"_ _5\"></span>Ic) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>precedente </span>Standing interpretati<span class=\"_ _3\"></span>on commitee (Sic). Gli  amministratori  hanno  valutato  l\u2019applicabilit\u00e0  del  presupposto  della  continuit\u00e0  aziendale  nella  reda<span class=\"_ _6\"></span><span class=\"ff1\">zione  del </span>bilancio <span class=\"_ _6\"></span>consolidato<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>concludendo <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>tale <span class=\"_ _e\"></span>presupposto <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>adeguato <span class=\"_ _e\"> </span><span class=\"ff5\">in <span class=\"_ _e\"> </span>quanto <span class=\"_ _6\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>st<span class=\"_ _5\"></span>ata <span class=\"_ _6\"> </span>verificata <span class=\"_ _e\"> </span>l\u2019insussistenza <span class=\"_ _6\"></span>di </span>indicatori <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>carattere <span class=\"_ _7\"></span>finanziario, <span class=\"_ _7\"></span>gestionale<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>altro <span class=\"_ _7\"></span>genere <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>otessero <span class=\"_ _5\"></span>segnalare <span class=\"_ _7\"></span>criticit\u00e0 <span class=\"_ _7\"></span>circa <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>capacit\u00e0 <span class=\"_ _7\"></span>del Gruppo di far fronte <span class=\"_ _3\"></span>alle proprie obbligazio<span class=\"_ _3\"></span>ni nel prevedibile fut<span class=\"_ _3\"></span>uro e in particolare nei pr<span class=\"_ _3\"></span>ossimi 12 mesi.<span class=\"_ _5\"></span> Sono <span class=\"_ _d\"> </span>state <span class=\"_ _d\"> </span>predisposte <span class=\"_ _f\"> </span>le <span class=\"_ _d\"> </span>informazioni <span class=\"_ _d\"> </span>obbligatorie <span class=\"_ _e\"> </span>ritenute <span class=\"_ _f\"> </span>sufficienti <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fornire <span class=\"_ _d\"> </span>una <span class=\"_ _f\"> </span>rappres<span class=\"_ _3\"></span>entazione <span class=\"_ _d\"> </span>veritiera <span class=\"_ _d\"> </span>e corretta della situazione patrimoniale-finanziaria del Gruppo, nonch\u00e9 del risultato economico. Le informazioni relativ<span class=\"_ _3\"></span>e all\u2019attivit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _e\"> </span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>atti <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>ilievo <span class=\"_ _6\"></span>avvenuti <span class=\"_ _6\"></span>dopo <span class=\"_ _6\"> </span>la <span class=\"_ _6\"> </span>chiusura <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>ell\u2019esercizio <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>illustrati <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"> </span>sulla gestione al paragr<span class=\"_ _3\"></span>afo 1.03 \u201cPrincipali fatti <span class=\"_ _3\"></span>di rilievo\u201d.<span class=\"ff1\"> </span>Il <span class=\"_ _5\"></span>principio <span class=\"_ _5\"></span>generale <span class=\"_ _5\"></span>adottato <span class=\"_ _5\"></span>nella <span class=\"_ _7\"></span>predisposizio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>resente b<span class=\"_ _5\"></span>ilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>quello <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>costo, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>eccezione delle attivit\u00e0 <span class=\"_ _5\"></span>e p<span class=\"_ _5\"></span>assivit\u00e0 finanziarie (inclusi <span class=\"_ _5\"></span>gli strumenti<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>finanziari der<span class=\"_ _5\"></span>ivati) per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>quali \u00e8 <span class=\"_ _5\"></span>richiesta la<span class=\"_ _5\"></span> valutazione <span class=\"_ _5\"></span>a fair value. <span class=\"_ _6\"></span>La <span class=\"_ _6\"> </span>preparazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>richiesto <span class=\"_ _6\"> </span>l\u2019uso <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>stime <span class=\"_ _6\"></span>da <span class=\"_ _6\"> </span>parte <span class=\"_ _e\"> </span>del <span class=\"_ _6\"></span>management; <span class=\"_ _6\"></span>le <span class=\"_ _6\"> </span>principali aree <span class=\"_ _6\"></span>caratterizza<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>valutazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>assunzioni <span class=\"_ _7\"></span>di <span class=\"_ _e\"> </span>particolare <span class=\"_ _6\"></span>significativit\u00e0, <span class=\"_ _7\"></span>unitamente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quelle <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>rilevanti<span class=\"_ _3\"></span> sulle <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ituazioni <span class=\"_ _7\"></span>rendicontate<span class=\"ff5\">, <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>riportate <span class=\"_ _6\"></span>nel<span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>sezio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>\u201cStime <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>valut<span class=\"_ _3\"></span>azioni <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ignificative<span class=\"_ _3\"></span>\u201d <span class=\"_ _e\"> </span><span class=\"ff1\">al <span class=\"_ _6\"></span>termine <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>resent<span class=\"_ _3\"></span>e </span></span>paragrafo. Il <span class=\"_ _d\"> </span>bilancio <span class=\"_ _e\"> </span>consolidato <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _5\"></span>4 <span class=\"_ _d\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>stato <span class=\"_ _d\"> </span>predisposto <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Consiglio <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>Amministrazione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>dallo <span class=\"_ _e\"> </span>stesso approvato <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>seduta <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>26 <span class=\"_ _6\"></span>marzo <span class=\"_ _6\"></span>2025. <span class=\"_ _6\"></span>Lo <span class=\"_ _6\"></span>stesso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>assoggettato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>revisione <span class=\"_ _6\"></span>contabile <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>soc<span class=\"_ _5\"></span>iet\u00e0 KPMG Spa. Contenuto e forma del bil<span class=\"_ _3\"></span>ancio Il presente bilancio c<span class=\"_ _3\"></span>onsolidato \u00e8 costituito<span class=\"_ _3\"></span> da:<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">schemi primari di <span class=\"_ _3\"></span>bilancio: </span></span>\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1 lsf\">il <span class=\"_ _6\"></span><span class=\"ls0\">prospetto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _e\"> </span>contiene <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>voci <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>nalizzate <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>natura. <span class=\"_ _6\"></span>Si <span class=\"_ _e\"></span>ritiene <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>tale <span class=\"_ _6\"></span>esposizione, </span></span></span>seguita <span class=\"_ _6\"></span>anche <span class=\"_ _e\"></span>dai <span class=\"_ _6\"></span>principali <span class=\"_ _e\"></span>operatori <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>settore <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>linea <span class=\"_ _6\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>prassi <span class=\"_ _e\"></span>internazionale, <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>quella <span class=\"_ _e\"></span>che meglio rappresenta i risult<span class=\"_ _3\"></span>ati aziendali; \u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">il <span class=\"_ _8\"> </span>conto <span class=\"_ _10\"> </span>economico <span class=\"_ _8\"> </span>complessivo, <span class=\"_ _10\"> </span>presentato <span class=\"_ _8\"> </span>in <span class=\"_ _8\"> </span>un<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>documento <span class=\"_ _10\"> </span>separato, <span class=\"_ _8\"> </span>distingue <span class=\"_ _8\"> </span>f<span class=\"_ _3\"></span>ra <span class=\"_ _8\"> </span>componenti </span></span>riclassificabili e no<span class=\"_ _3\"></span>n riclassificabili a conto economico; \u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">lo <span class=\"_ _7\"></span>schema <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>situazione <span class=\"_ _5\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _5\"></span>espone <span class=\"_ _5\"></span>distintamente <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>correnti <span class=\"_ _5\"></span>e </span></span>passivit\u00e0 correnti e<span class=\"_ _5\"></span> non <span class=\"_ _5\"></span>correnti, con <span class=\"_ _5\"></span>la descrizione n<span class=\"_ _5\"></span>elle note d<span class=\"_ _5\"></span>i commento per <span class=\"_ _5\"></span>ciascuna voce <span class=\"_ _5\"></span>di a<span class=\"_ _5\"></span>ttivit\u00e0 e passivit\u00e0 <span class=\"_ _e\"></span>degli <span class=\"_ _d\"> </span>importi <span class=\"_ _e\"></span>che <span class=\"_ _e\"> </span>ci <span class=\"_ _d\"> </span>si <span class=\"_ _e\"> </span>aspetta <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>recuperare <span class=\"_ _e\"> </span>o <span class=\"_ _d\"> </span>regolare <span class=\"_ _e\"> </span>entro <span class=\"_ _d\"> </span>o <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>i <span class=\"_ _e\"> </span>12 <span class=\"_ _d\"> </span>mesi <span class=\"_ _e\"> </span>dal<span class=\"_ _5\"></span>la <span class=\"_ _e\"></span>data <span class=\"_ _e\"> </span>di riferimento del bilanc<span class=\"_ _3\"></span>io consolidato; \u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">il <span class=\"_ _6\"></span>rendico<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>finanziario <span class=\"_ _7\"></span>consolidato <span class=\"_ _6\"></span>presenta<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>flu<span class=\"_ _3\"></span>ssi <span class=\"_ _6\"></span>finanziari <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>o<span class=\"_ _5\"></span>perativa, <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>investimento <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>di </span></span>finanziamento. <span class=\"_ _7\"></span>I <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>dell\u2019at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _6\"></span>operativ<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>rappresentati <span class=\"_ _6\"></span>attravers<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _6\"></span>indiretto,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>me<span class=\"_ _3\"></span>zzo del <span class=\"_ _f\"> </span>quale <span class=\"_ _d\"> </span>il <span class=\"_ _f\"> </span>risultato <span class=\"_ _d\"> </span>d\u2019esercizio <span class=\"_ _d\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rettificato <span class=\"_ _f\"> </span>dagli <span class=\"_ _d\"> </span>effetti <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>operazioni <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>natura <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>monetaria<span class=\"_ _3\"></span>, <span class=\"_ _f\"> </span>da qualsiasi  differimento  o<span class=\"_ _5\"></span>  accantonamento  di <span class=\"_ _4\"> </span>precedenti <span class=\"_ _4\"> </span>o <span class=\"_ _4\"> </span>futuri <span class=\"_ _4\"> </span>incassi <span class=\"_ _4\"> </span>o <span class=\"_ _4\"> </span>pagamenti <span class=\"_ _4\"> </span>operativi,  e <span class=\"_ _4\"> </span>da elementi di ricavi co<span class=\"_ _3\"></span>nnessi con i flussi finanzi<span class=\"_ _3\"></span>ari derivanti dall\u2019atti<span class=\"_ _3\"></span>vit\u00e0 di investimento <span class=\"_ _3\"></span>o di finanziamento;<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">il  prospetto  delle  variazioni  di  pat<span class=\"_ _5\"></span>rimonio  netto  espone,  oltre  alle  componenti  del  conto  economico </span></span>complessivo, anche le <span class=\"_ _3\"></span>operazioni avvenut<span class=\"_ _3\"></span>e con i<span class=\"_ _5\"></span> soci; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">note esplicative. </span></span>Gli <span class=\"_ _7\"></span>schemi <span class=\"_ _5\"></span>primari <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>allineati <span class=\"_ _7\"></span>a <span class=\"_ _5\"></span>quelli <span class=\"_ _7\"></span>utilizzati <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>bilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _5\"></span>3, <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>eccezione <span class=\"_ _5\"></span>delle seguenti modifiche c<span class=\"_ _3\"></span>he il management ha <span class=\"_ _3\"></span>adottato per garantire una migliore rappresentazione e comparabilit\u00e0.<span class=\"_ _75\"> </span>Per quanto concerne il prospet<span class=\"_ _3\"></span>to di conto eco<span class=\"_ _3\"></span>nomico <span class=\"_ _5\"></span>si \u00e8 proce<span class=\"_ _3\"></span>duto a: \u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">separare <span class=\"_ _e\"> </span>la <span class=\"_ _d\"> </span>\u201c<span class=\"ff1\">Quota <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>utili <span class=\"_ _e\"> </span>(perdite) <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>joint <span class=\"_ _e\"> </span>venture <span class=\"_ _d\"> </span>e <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ollegate<span class=\"_ _5\"></span></span>\u201d <span class=\"_ _e\"> </span>dalle <span class=\"_ _e\"> </span>componenti <span class=\"_ _d\"> </span>tipiche <span class=\"_ _e\"> </span>della </span></span>Gestione <span class=\"_ _e\"></span>finanziaria, <span class=\"_ _6\"></span>nella <span class=\"_ _e\"> </span>quale <span class=\"_ _e\"></span>era <span class=\"_ _e\"></span>ricompresa <span class=\"_ _6\"></span>fino <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _6\"></span>2023. <span class=\"_ _e\"> </span>Di <span class=\"_ _e\"></span>conseguenza<span class=\"_ _7\"></span> <span class=\"_ _e\"></span>sono <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>tati esposti <span class=\"_ _5\"></span><span class=\"ff5\">i <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>valori <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>rigo <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>bilancio <span class=\"_ _5\"></span>appositamente <span class=\"_ _5\"></span>posizionato <span class=\"_ _5\"></span>tra <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>Gestione <span class=\"_ _7\"></span>finanziaria <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>l\u2019Utile </span>prima delle imposte; \u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">esporre <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>icavi <span class=\"_ _5\"></span>derivanti <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>commesse <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>lungo <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>relativamente <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>costruzione <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>in </span></span>concessione dal rigo<span class=\"_ _3\"></span> ridenominato \u201cAltri <span class=\"ff1\">ricavi operativi</span>\u201d al rigo \u201cR<span class=\"_ _3\"></span>icavi\u201d;<span class=\"ff1\"> </span>Per quanto concerne l<span class=\"_ _3\"></span>o schema della situazione patrim<span class=\"_ _3\"></span>oniale-f<span class=\"_ _5\"></span>inanziari<span class=\"_ _3\"></span>a si \u00e8 proceduto a: \u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">disaggregare <span class=\"_ _4\"> </span><span class=\"ff5\">il  rigo <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>bi<span class=\"_ _5\"></span>lancio  relativo  alle <span class=\"_ _4\"> </span>\u201c<span class=\"_ _5\"></span>Parte<span class=\"_ _3\"></span>cipazioni\u201d <span class=\"_ _10\"> </span><span class=\"ff1\">tramite  due <span class=\"_ _4\"> </span>nuovi <span class=\"_ _4\"> </span>righi, <span class=\"_ _4\"> </span>rispettivamente </span></span></span></span>\u201c<span class=\"ff1\">Partecipazioni valut<span class=\"_ _3\"></span>ate con il metodo del patrimonio netto<span class=\"ff5\">\u201d e \u201cAltre par<span class=\"_ _3\"></span>tecipazioni\u201d;<span class=\"ff1\"> </span></span></span>\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">introdurre <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>igo <span class=\"_ _e\"> </span>\u201c<span class=\"_ _5\"></span><span class=\"ff1\">Attivit\u00e0 <span class=\"_ _d\"> </span>correnti <span class=\"_ _f\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>con <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>clienti<span class=\"_ _5\"></span></span>\u201d<span class=\"ff1\">, <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>accoglie<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>lavori <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>corso <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>u </span></span></span>ordinazione, precedent<span class=\"_ _3\"></span>emente classificati tra<span class=\"_ _3\"></span> le \u201cRimanenze\u201d;<span class=\"ff1\"> </span>\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">introdurre <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>rigo <span class=\"_ _6\"></span>\u201cPassivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>corren<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>derivanti <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>contr<span class=\"_ _3\"></span>atti <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>clienti\u201d, <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>accog<span class=\"_ _3\"></span>lie <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>acconti <span class=\"_ _7\"></span>su <span class=\"_ _6\"></span>beni <span class=\"_ _7\"></span>e </span></span>servizi, <span class=\"_ _6\"></span>precedentemente <span class=\"_ _6\"></span>classific<span class=\"_ _3\"></span>ati <span class=\"_ _6\"></span>tra <span class=\"_ _6\"> </span>i <span class=\"_ _e\"> </span>\u201cDebiti <span class=\"_ _6\"></span>commerciali\u201d, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>risconti <span class=\"_ _6\"></span>passivi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>effettuati <span class=\"_ _6\"></span>nei confronti <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>clienti <span class=\"_ _22\"> </span>e <span class=\"_ _c\"> </span>gli <span class=\"_ _c\"> </span>acconti <span class=\"_ _c\"> </span>per <span class=\"_ _22\"> </span>lavori <span class=\"_ _c\"> </span>su <span class=\"_ _c\"> </span>co<span class=\"_ _5\"></span>mmessa <span class=\"_ _1d\"> </span>in <span class=\"_ _c\"> </span>c<span class=\"_ _5\"></span>orso <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>realizzazione, <span class=\"_ _c\"> </span>entrambi precedentemente clas<span class=\"_ _3\"></span>sificati tra le \u201cAltre pas<span class=\"_ _3\"></span>sivit\u00e0 correnti\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Il <span class=\"_ _5\"></span>Gruppo, inoltre, ha <span class=\"_ _5\"></span>proceduto a <span class=\"_ _5\"></span>ridenominare i <span class=\"_ _5\"></span>seguenti righi d<span class=\"_ _7\"></span>ei prospetti <span class=\"_ _5\"></span>di bilancio <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>agli schemi <span class=\"_ _5\"></span>pubblicati<span class=\"_ _3\"></span> al 31 dicembre 2023: \u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cAltri ricavi operativi\u201c<span class=\"ff1\"> ridenomina<span class=\"_ _3\"></span>to in <span class=\"ff5\">\u201cAltri proventi\u201d;</span> </span></span></span>\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cImmobilizzazioni m<span class=\"_ _3\"></span>ateriali\u201d ridenominato in \u201cImm<span class=\"_ _3\"></span>obili, impianti e macc<span class=\"_ _3\"></span>hinari\u201d;<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span>\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cAttivit\u00e0 e Passivit\u00e0 f<span class=\"_ _3\"></span>iscali differite\u201d ridenomin<span class=\"_ _3\"></span>at<span class=\"_ _5\"></span><span class=\"ff1\">i </span>in \u201cAttivit\u00e0 e Passivit<span class=\"_ _3\"></span>\u00e0 per imposte differite\u201d<span class=\"_ _3\"></span>;<span class=\"ff1\"> </span></span></span>\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cTrattamento fine ra<span class=\"_ _3\"></span>pporto e altri benefici\u201d <span class=\"ff1\">ridenominato </span>in \u201cBenefici ai dip<span class=\"_ _3\"></span>endenti\u201d<span class=\"ff1\">; </span></span></span>\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff5 fc1\">\u201cFondi per rischi e o<span class=\"_ _3\"></span>neri\u201d <span class=\"ff1\">ridenominato </span>in \u201cFondi\u201d<span class=\"ff1\">. </span></span></span>Gli <span class=\"_ _5\"></span>schemi <span class=\"_ _7\"></span>dello <span class=\"_ _5\"></span>scorso <span class=\"_ _5\"></span>anno <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>stati <span class=\"_ _5\"></span>riesposti <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>endere <span class=\"_ _5\"></span>comparabili <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valori <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _5\"></span>due <span class=\"_ _5\"></span>esercizi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>confronto. Si <span class=\"_ _5\"></span>segnala, a<span class=\"_ _5\"></span> t<span class=\"_ _5\"></span>al proposito, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>modifiche <span class=\"_ _7\"></span>relative <span class=\"_ _5\"></span>ai valori <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 d<span class=\"_ _5\"></span>icembre 2023 <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>ritenute ri<span class=\"_ _5\"></span>levanti per <span class=\"_ _5\"></span>la dimensione economica <span class=\"lse\">e </span>patrimoniale <span class=\"_ _3\"></span>del Gruppo. Si <span class=\"_ _d\"> </span>segnala, <span class=\"_ _f\"> </span>inoltre, <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>he <span class=\"_ _d\"> </span>nel<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>corso <span class=\"_ _f\"> </span>del <span class=\"_ _d\"> </span>2024 <span class=\"_ _f\"> </span><span class=\"ff5\">si <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>proceduto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>effettuare <span class=\"_ _d\"> </span>una <span class=\"_ _f\"> </span>riclassifica <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>\u201c<span class=\"_ _5\"></span></span>Passivit\u00e0 <span class=\"_ _f\"> </span>finanziar<span class=\"_ _3\"></span>ie correnti\u201d <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>\u201c<span class=\"ff1\">D</span>ebiti <span class=\"_ _6\"></span>commerciali\u201d <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>gli <span class=\"_ _6\"></span>importi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>ricevuti <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>anticipi <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>te<span class=\"_ _3\"></span>rmine <span class=\"_ _6\"></span>dell\u2019esercizio <span class=\"_ _6\"></span>prec<span class=\"_ _3\"></span>edente <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>relativi <span class=\"_ _6\"></span>al processo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>settlement <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>gas. <span class=\"_ _e\"></span>Sulla <span class=\"_ _e\"></span>base <span class=\"_ _6\"></span>de<span class=\"_ _5\"></span>lle <span class=\"_ _6\"></span>analisi <span class=\"_ _e\"> </span>svolte <span class=\"_ _e\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>tale <span class=\"_ _e\"> </span>riclassifica <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"></span>ritenuti rilevanti, <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>sensi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>anto <span class=\"_ _6\"></span>pre<span class=\"_ _3\"></span>visto <span class=\"_ _6\"></span>dal <span class=\"_ _7\"></span>paragrafo <span class=\"_ _7\"></span>5<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>Ias <span class=\"_ _7\"></span>8. <span class=\"_ _6\"></span>Conseguenteme<span class=\"_ _3\"></span>nte, <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>proceduto <span class=\"_ _7\"></span>a<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>rilevare <span class=\"_ _7\"></span>tale componente <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _7\"></span>consolidato <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2024<span class=\"_ _7\"></span> <span class=\"_ _7\"></span><span class=\"ff5\">tra <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>\u201cDebiti <span class=\"_ _6\"></span>commerciali\u201d, <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>enza <span class=\"_ _7\"></span>modificare <span class=\"_ _6\"></span>l\u2019inf<span class=\"_ _3\"></span>ormativa </span>comparativa, in appli<span class=\"_ _3\"></span>cazione dei paragrafi <span class=\"_ _3\"></span>41 e 42 dello Ias 8. Negli <span class=\"_ _5\"></span>schemi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>bilancio <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>separatamente <span class=\"_ _5\"></span>indicati <span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>eventuali <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>ricavi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>natura <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>ricorrente. <span class=\"_ _7\"></span>Si <span class=\"_ _5\"></span>precisa che, con riferimento alla delibera Consob 15519 del 27 lu<span class=\"_ _5\"></span>glio 2006 in merito agli schemi di bilancio, sono stati inseriti specifici <span class=\"_ _7\"></span>schemi <span class=\"_ _6\"></span>suppleme<span class=\"_ _3\"></span>ntari <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>economico, <span class=\"_ _7\"></span>situazione <span class=\"_ _6\"></span>patrimon<span class=\"_ _3\"></span>iale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>rendiconto <span class=\"_ _6\"></span>finan<span class=\"_ _3\"></span>ziario <span class=\"_ _7\"></span>con evidenza dei r<span class=\"_ _5\"></span>apporti pi\u00f9 significativi <span class=\"_ _5\"></span>con parti correlate, a<span class=\"_ _5\"></span>l fine di <span class=\"_ _5\"></span>non a<span class=\"_ _5\"></span>lterare la leggibilit\u00e0 complessiva <span class=\"_ _5\"></span>degli schemi di bilancio<span class=\"ff5\">, anch\u2019essi modif<span class=\"_ _3\"></span>icati rispetto al 31 dicem<span class=\"_ _3\"></span>bre 2023 come sopra de<span class=\"_ _3\"></span>ttagliato.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>Gli <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>chemi <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>bilancio <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>dati <span class=\"_ _e\"></span>inseriti <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>note <span class=\"_ _e\"></span>esplicative <span class=\"_ _6\"></span>sono <span class=\"_ _e\"></span>tutti <span class=\"_ _6\"></span>espressi <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _e\"></span>con <span class=\"_ _6\"></span>un<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>decimale tranne quando diversam<span class=\"_ _3\"></span>ente indicato. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "Hera Spa ",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "societ\u00e0 per azioni (Spa) ",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "Italia",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "Bologna ",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "Viale Berti Pichat 2/4",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "Hera Spa",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "Gruppo Hera",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-426": {
   "value": " operano principalmente in Italia nei settori ambientale  (gestione  e  trattamento  dei  rifiuti),  idrico  (acquedotto,  fognature  e  depurazione)  ed  energetico (distribuzione e vendita di energia elettrica, gas e servizi energia), offrendo inoltre servizi per l'illuminazione pubblica e le telecomunicazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "Italia",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-1": {
   "value": "Il bi<span class=\"_ _5\"></span>lancio consolidato al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>predisposto in applicazione del<span class=\"_ _5\"></span> Regolamento (CE) <span class=\"_ _5\"></span>1606/2002 del 19 <span class=\"_ _d\"> </span>luglio <span class=\"_ _d\"> </span>2002, <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>conformit\u00e0 <span class=\"_ _e\"></span>ai <span class=\"_ _d\"> </span>principi <span class=\"_ _d\"> </span>contabili <span class=\"_ _f\"> </span>intern<span class=\"_ _3\"></span>azionali <span class=\"_ _f\"> </span>Ifrs <span class=\"_ _f\"> </span><span class=\"ff5\">emessi <span class=\"_ _e\"> </span>dall<span class=\"_ _5\"></span>\u2019Internatio<span class=\"_ _3\"></span>nal <span class=\"_ _f\"> </span><span class=\"ff1\">accounting <span class=\"_ _d\"> </span>standard </span></span>board<span class=\"ff16\"> <span class=\"_ _7\"></span></span>(Iasb) <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>omologati <span class=\"_ _7\"></span>dalla <span class=\"_ _5\"></span>Commissione <span class=\"_ _6\"></span>europea<span class=\"ls16\">, <span class=\"_ _5\"></span></span><span class=\"ff5\">nonch\u00e9 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rovvedime<span class=\"_ _3\"></span>nti <span class=\"_ _7\"></span>emanati <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>attuazione <span class=\"_ _7\"></span>dell\u2019art. <span class=\"_ _5\"></span>9<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>del </span>D.Lgs. 38/2005. <span class=\"_ _5\"></span>Per <span class=\"_ _5\"></span>Ifrs <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>inten<span class=\"_ _3\"></span>dono <span class=\"_ _5\"></span>anche gli <span class=\"_ _5\"></span>International accounting <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tandards <span class=\"_ _5\"></span>(Ias) tuttora <span class=\"_ _5\"></span>in vigore<span class=\"ls16\">, <span class=\"_ _5\"></span></span>i <span class=\"_ _5\"></span>documenti interpretativi e<span class=\"_ _5\"></span>messi dall\u2019International <span class=\"_ _7\"></span><span class=\"ff1\">financial <span class=\"_ _5\"></span>reporting <span class=\"_ _5\"></span>standards Interpretation <span class=\"_ _5\"></span>commitee <span class=\"_ _5\"></span>(Ifrs <span class=\"_ _5\"></span>Ic) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>precedente </span>Standing interpretati<span class=\"_ _3\"></span>on commitee (Sic).",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-2": {
   "value": "Gli  amministratori  hanno  valutato  l\u2019applicabilit\u00e0  del  presupposto  della  continuit\u00e0  aziendale  nella  reda<span class=\"_ _6\"></span><span class=\"ff1\">zione  del </span>bilancio <span class=\"_ _6\"></span>consolidato<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>concludendo <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>tale <span class=\"_ _e\"></span>presupposto <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>adeguato <span class=\"_ _e\"> </span><span class=\"ff5\">in <span class=\"_ _e\"> </span>quanto <span class=\"_ _6\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>st<span class=\"_ _5\"></span>ata <span class=\"_ _6\"> </span>verificata <span class=\"_ _e\"> </span>l\u2019insussistenza <span class=\"_ _6\"></span>di </span>indicatori <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>carattere <span class=\"_ _7\"></span>finanziario, <span class=\"_ _7\"></span>gestionale<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>altro <span class=\"_ _7\"></span>genere <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>otessero <span class=\"_ _5\"></span>segnalare <span class=\"_ _7\"></span>criticit\u00e0 <span class=\"_ _7\"></span>circa <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>capacit\u00e0 <span class=\"_ _7\"></span>del Gruppo di far fronte <span class=\"_ _3\"></span>alle proprie obbligazio<span class=\"_ _3\"></span>ni nel prevedibile fut<span class=\"_ _3\"></span>uro e in particolare nei pr<span class=\"_ _3\"></span>ossimi 12 mesi.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": " Le informazioni relativ<span class=\"_ _3\"></span>e all\u2019attivit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _e\"> </span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>atti <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>ilievo <span class=\"_ _6\"></span>avvenuti <span class=\"_ _6\"></span>dopo <span class=\"_ _6\"> </span>la <span class=\"_ _6\"> </span>chiusura <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>ell\u2019esercizio <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>illustrati <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"> </span>sulla gestione al paragr<span class=\"_ _3\"></span>afo 1.03 \u201cPrincipali fatti <span class=\"_ _3\"></span>di rilievo\u201d.<span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "Il <span class=\"_ _5\"></span>principio <span class=\"_ _5\"></span>generale <span class=\"_ _5\"></span>adottato <span class=\"_ _5\"></span>nella <span class=\"_ _7\"></span>predisposizio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>resente b<span class=\"_ _5\"></span>ilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>quello <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>costo, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>eccezione delle attivit\u00e0 <span class=\"_ _5\"></span>e p<span class=\"_ _5\"></span>assivit\u00e0 finanziarie (inclusi <span class=\"_ _5\"></span>gli strumenti<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>finanziari der<span class=\"_ _5\"></span>ivati) per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>quali \u00e8 <span class=\"_ _5\"></span>richiesta la<span class=\"_ _5\"></span> valutazione <span class=\"_ _5\"></span>a fair value. <span class=\"_ _6\"></span>La <span class=\"_ _6\"> </span>preparazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>richiesto <span class=\"_ _6\"> </span>l\u2019uso <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>stime <span class=\"_ _6\"></span>da <span class=\"_ _6\"> </span>parte <span class=\"_ _e\"> </span>del <span class=\"_ _6\"></span>management; <span class=\"_ _6\"></span>le <span class=\"_ _6\"> </span>principali aree <span class=\"_ _6\"></span>caratterizza<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>valutazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>assunzioni <span class=\"_ _7\"></span>di <span class=\"_ _e\"> </span>particolare <span class=\"_ _6\"></span>significativit\u00e0, <span class=\"_ _7\"></span>unitamente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quelle <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>rilevanti<span class=\"_ _3\"></span> sulle <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ituazioni <span class=\"_ _7\"></span>rendicontate<span class=\"ff5\">, <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>riportate <span class=\"_ _6\"></span>nel<span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>sezio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>\u201cStime <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>valut<span class=\"_ _3\"></span>azioni <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ignificative<span class=\"_ _3\"></span>\u201d <span class=\"_ _e\"> </span><span class=\"ff1\">al <span class=\"_ _6\"></span>termine <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>resent<span class=\"_ _3\"></span>e </span></span>paragrafo.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "La <span class=\"_ _6\"> </span>preparazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>richiesto <span class=\"_ _6\"> </span>l\u2019uso <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>stime <span class=\"_ _6\"></span>da <span class=\"_ _6\"> </span>parte <span class=\"_ _e\"> </span>del <span class=\"_ _6\"></span>management; <span class=\"_ _6\"></span>le <span class=\"_ _6\"> </span>principali aree <span class=\"_ _6\"></span>caratterizza<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>valutazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>assunzioni <span class=\"_ _7\"></span>di <span class=\"_ _e\"> </span>particolare <span class=\"_ _6\"></span>significativit\u00e0, <span class=\"_ _7\"></span>unitamente <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quelle <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>rilevanti<span class=\"_ _3\"></span> sulle <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ituazioni <span class=\"_ _7\"></span>rendicontate<span class=\"ff5\">, <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>riportate <span class=\"_ _6\"></span>nel<span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>sezio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>\u201cStime <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>valut<span class=\"_ _3\"></span>azioni <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ignificative<span class=\"_ _3\"></span>\u201d <span class=\"_ _e\"> </span><span class=\"ff1\">al <span class=\"_ _6\"></span>termine <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>resent<span class=\"_ _3\"></span>e </span></span>paragrafo. La <span class=\"_ _7\"></span><span class=\"ff5 ls0\">predisposizione <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>bilancio <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onsolidato <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>relative <span class=\"_ _6\"></span>note <span class=\"_ _7\"></span>richiede <span class=\"_ _6\"></span>l\u2019uso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>stime <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>valutazioni <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _7\"></span>degli </span>amministratori, <span class=\"_ _2\"> </span>con <span class=\"_ _1d\"> </span>effett<span class=\"_ _3\"></span>o <span class=\"_ _1d\"> </span>sui<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>valori <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>b<span class=\"_ _5\"></span>ilancio, <span class=\"_ _2\"> </span>basate <span class=\"_ _1d\"> </span>su <span class=\"_ _2\"> </span>dati <span class=\"_ _2\"> </span>s<span class=\"_ _5\"></span>torici <span class=\"_ _2\"> </span>e <span class=\"_ _2\"> </span>s<span class=\"_ _5\"></span>ulle <span class=\"_ _2\"> </span>aspettative<span class=\"_ _7\"></span> <span class=\"_ _1d\"> </span>di <span class=\"_ _2\"> </span>eventi <span class=\"_ _2\"> </span>c<span class=\"_ _5\"></span>he ragionevolmente <span class=\"_ _6\"></span>si <span class=\"_ _e\"> </span>verificheranno <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>informazioni <span class=\"_ _6\"></span>conosciute. <span class=\"_ _e\"> </span>Tali <span class=\"_ _e\"></span>stime, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>definizione, <span class=\"_ _e\"></span>approssimano<span class=\"_ _3\"></span> quelli  che <span class=\"_ _4\"> </span>saranno <span class=\"_ _4\"> </span>i <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ati  a <span class=\"_ _4\"> </span>consuntivo. <span class=\"_ _4\"> </span>Sono <span class=\"_ _4\"> </span>pertanto  di<span class=\"_ _5\"></span>  seguito <span class=\"_ _4\"> </span>indicate <span class=\"_ _4\"> </span>le  p<span class=\"_ _5\"></span>rincipali  aree <span class=\"_ _4\"> </span>caratterizzate  da valutazioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"> </span>assunzioni, <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>pot<span class=\"_ _5\"></span>rebbero <span class=\"_ _6\"></span>comportare <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>nei <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>delle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>entro <span class=\"_ _6\"> </span>l\u2019esercizio successivo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "Il <span class=\"_ _d\"> </span>bilancio <span class=\"_ _e\"> </span>consolidato <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _5\"></span>4 <span class=\"_ _d\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>stato <span class=\"_ _d\"> </span>predisposto <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Consiglio <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>Amministrazione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>dallo <span class=\"_ _e\"> </span>stesso approvato <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>seduta <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>26 <span class=\"_ _6\"></span>marzo <span class=\"_ _6\"></span>2025. <span class=\"_ _6\"></span>Lo <span class=\"_ _6\"></span>stesso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>assoggettato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>revisione <span class=\"_ _6\"></span>contabile <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>soc<span class=\"_ _5\"></span>iet\u00e0 KPMG Spa. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "Area di consoli<span class=\"_ _3\"></span>damento<span class=\"ls0\"> </span>Il <span class=\"_ _f\"> </span>bilancio <span class=\"_ _f\"> </span>consolidato <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>2024  i<span class=\"_ _3\"></span>nclude <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>bilanci <span class=\"_ _f\"> </span>della  capogruppo  H<span class=\"_ _3\"></span>era <span class=\"_ _f\"> </span>Spa <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>quelli <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>societ\u00e0 controllate.  Il  c<span class=\"_ _3\"></span>ontrollo  \u00e8  otte<span class=\"_ _3\"></span>nuto  quando  la <span class=\"_ _f\"> </span>societ\u00e0  controllante <span class=\"_ _f\"> </span>ha<span class=\"_ _5\"></span>  il <span class=\"_ _f\"> </span>potere  di  influenzare  i <span class=\"_ _f\"> </span>rendimenti  della partecipata, <span class=\"_ _e\"> </span>ovvero <span class=\"_ _d\"> </span>quando, <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>tramite <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>diritti <span class=\"_ _e\"> </span>correntemente <span class=\"_ _d\"> </span>validi, <span class=\"_ _e\"> </span>detiene <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>dirigere <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>attivit\u00e0<span class=\"_ _3\"></span> rilevanti della stessa. Le<span class=\"_ _5\"></span> attivit\u00e0 a controllo congiunto (joint operation)<span class=\"_ _5\"></span>, nella forma di veicoli societari,<span class=\"_ _5\"></span> sono rilevate in modo <span class=\"_ _5\"></span>proporzionale <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>quota di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>partecipazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Gruppo<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _5\"></span></span>Le <span class=\"_ _7\"></span>partecipazioni <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>joint <span class=\"_ _5\"></span>venture, <span class=\"_ _7\"></span>nelle <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>Gruppo esercita <span class=\"_ _6\"></span>u<span class=\"_ _5\"></span>n <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontrollo <span class=\"_ _6\"></span>congiunto <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>altri <span class=\"_ _e\"></span>soci<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>le <span class=\"_ _6\"></span>soc<span class=\"_ _5\"></span>iet\u00e0 <span class=\"_ _6\"></span>sulle <span class=\"_ _e\"></span>quali <span class=\"_ _e\"></span>viene <span class=\"_ _e\"> </span><span class=\"ff5\">esercitata <span class=\"_ _e\"> </span>un\u2019influenza <span class=\"_ _6\"> </span>notevole <span class=\"_ _e\"> </span>sono </span>consolidate con il meto<span class=\"_ _3\"></span>do del patrimonio n<span class=\"_ _3\"></span>etto.<span class=\"_ _5\"></span> Sono <span class=\"_ _5\"></span>escluse <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>consolidamento e <span class=\"_ _7\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>imprese <span class=\"_ _5\"></span>controllate e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>collegate <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>entit\u00e0 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>irrilevante. Tali partecipate sono ri<span class=\"_ _3\"></span>portate alla nota <span class=\"ff5\">26 nella voce \u201cAltre parte<span class=\"_ _3\"></span>cipazioni<span class=\"lsd\">\u201d.</span><span class=\"ff1\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-440": {
   "value": "Area di consoli<span class=\"_ _3\"></span>damento<span class=\"ls0\"> </span>Il <span class=\"_ _f\"> </span>bilancio <span class=\"_ _f\"> </span>consolidato <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>2024  i<span class=\"_ _3\"></span>nclude <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>bilanci <span class=\"_ _f\"> </span>della  capogruppo  H<span class=\"_ _3\"></span>era <span class=\"_ _f\"> </span>Spa <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>quelli <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>societ\u00e0 controllate.  Il  c<span class=\"_ _3\"></span>ontrollo  \u00e8  otte<span class=\"_ _3\"></span>nuto  quando  la <span class=\"_ _f\"> </span>societ\u00e0  controllante <span class=\"_ _f\"> </span>ha<span class=\"_ _5\"></span>  il <span class=\"_ _f\"> </span>potere  di  influenzare  i <span class=\"_ _f\"> </span>rendimenti  della partecipata, <span class=\"_ _e\"> </span>ovvero <span class=\"_ _d\"> </span>quando, <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>tramite <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>diritti <span class=\"_ _e\"> </span>correntemente <span class=\"_ _d\"> </span>validi, <span class=\"_ _e\"> </span>detiene <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>dirigere <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>attivit\u00e0<span class=\"_ _3\"></span> rilevanti della stessa. Le<span class=\"_ _5\"></span> attivit\u00e0 a controllo congiunto (joint operation)<span class=\"_ _5\"></span>, nella forma di veicoli societari,<span class=\"_ _5\"></span> sono rilevate in modo <span class=\"_ _5\"></span>proporzionale <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>quota di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>partecipazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Gruppo<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _5\"></span></span>Le <span class=\"_ _7\"></span>partecipazioni <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>joint <span class=\"_ _5\"></span>venture, <span class=\"_ _7\"></span>nelle <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>Gruppo esercita <span class=\"_ _6\"></span>u<span class=\"_ _5\"></span>n <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontrollo <span class=\"_ _6\"></span>congiunto <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>altri <span class=\"_ _e\"></span>soci<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>le <span class=\"_ _6\"></span>soc<span class=\"_ _5\"></span>iet\u00e0 <span class=\"_ _6\"></span>sulle <span class=\"_ _e\"></span>quali <span class=\"_ _e\"></span>viene <span class=\"_ _e\"> </span><span class=\"ff5\">esercitata <span class=\"_ _e\"> </span>un\u2019influenza <span class=\"_ _6\"> </span>notevole <span class=\"_ _e\"> </span>sono </span>consolidate con il meto<span class=\"_ _3\"></span>do del patrimonio n<span class=\"_ _3\"></span>etto.<span class=\"_ _5\"></span> Sono <span class=\"_ _5\"></span>escluse <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>consolidamento e <span class=\"_ _7\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>imprese <span class=\"_ _5\"></span>controllate e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>collegate <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>entit\u00e0 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>irrilevante. Tali partecipate sono ri<span class=\"_ _3\"></span>portate alla nota <span class=\"ff5\">26 nella voce \u201cAltre parte<span class=\"_ _3\"></span>cipazioni<span class=\"lsd\">\u201d.</span><span class=\"ff1\"> </span></span><div class=\"c w2 h0 gs13\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ffd fsa fc2 sc0 ls24 ws0\">Variazioni dell\u2019a<span class=\"_ _3\"></span>rea di consolidamento<span class=\"ff8 ls0\"> </span></div><div class=\"t m0 x23 h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y479 ff5 fs1 fc1 sc0 ls0 ws0\">Di <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>riportate <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ariazioni <span class=\"_ _5\"></span>dell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>consolidamento <span class=\"_ _5\"></span>intervenute <span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _5\"></span>202<span class=\"_ _6\"></span><span class=\"ff1\">4 <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>bilancio </span></div><div class=\"t m0 x23 h3 y47a ff1 fs1 fc1 sc0 ls0 ws0\">consolidato al 31 dic<span class=\"_ _3\"></span>embre 2023: </div><div class=\"t m0 x23 h3 y47b ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div>ACQUISIZIONE D<span class=\"_ _3\"></span>EL CONTROLLO USCITA DAL PERI<span class=\"_ _3\"></span>METRO TRS Ecology Srl Atlas Utilities Ea<span class=\"_ _3\"></span>d* Tri-veneta Scarl Ramo \"Soelia\" Ramo \"Safety\" * <span class=\"ls0\">In data 10 giugno 2024 si \u00e8 concluso l'iter di liquidazione della societ\u00e0 Atlas Utilities Ead tramite la cancellazione della <span class=\"_ _5\"></span>societ\u00e0 dal registro delle imprese bulgaro. </span>Per <span class=\"_ _e\"> </span>un\u2019illustrazione <span class=\"_ _6\"></span>delle <span class=\"_ _e\"> </span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>cquisizione <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>controllo <span class=\"_ _f\"> </span><span class=\"ff1\">pi\u00f9 <span class=\"_ _6\"></span>rilevanti <span class=\"_ _e\"> </span>realizzate <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>periodo <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>rimanda <span class=\"_ _6\"></span>al </span>paragrafo <span class=\"_ _d\"> </span>1.03 <span class=\"_ _d\"> </span>\u201cPrincipali <span class=\"_ _d\"> </span>fatti <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>rilievo\u201d <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>elazione <span class=\"_ _e\"> </span>sulla <span class=\"_ _d\"> </span>ges<span class=\"_ _5\"></span>tione<span class=\"_ _5\"></span><span class=\"ff1\">,<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>mentre <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iflessi <span class=\"_ _e\"></span>contabili <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>dettagli </span>valutativi di <span class=\"_ _5\"></span>attivit\u00e0 e <span class=\"_ _5\"></span>passivit\u00e0 acquisite s<span class=\"_ _5\"></span>i rimanda <span class=\"_ _5\"></span>alla sezione \u201cBusiness <span class=\"_ _5\"></span>combination (informazioni integrative)\u201d del paragrafo 2.02.10 \u201cAltr<span class=\"_ _3\"></span>e informazioni\u201d.<span class=\"ff1\"> </span>In data 24 <span class=\"_ _5\"></span>settembre 2024 <span class=\"_ _5\"></span>Acantho Spa ha acquisito da <span class=\"_ _5\"></span>Safety21 Spa un ramo d'azienda <span class=\"_ _5\"></span>costituito dal complesso di attivit\u00e0, <span class=\"_ _6\"> </span>contratti <span class=\"_ _e\"> </span>attivi <span class=\"_ _6\"> </span>e <span class=\"_ _e\"> </span>passivi <span class=\"_ _e\"> </span>per <span class=\"_ _6\"> </span>l\u2019esercizio <span class=\"_ _6\"> </span>del<span class=\"_ _5\"></span>l\u2019attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>rivendit<span class=\"_ _3\"></span>a <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>connettivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>ibra <span class=\"_ _6\"></span>spenta, <span class=\"_ _e\"> </span>oltre <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>servi<span class=\"_ _7\"></span><span class=\"ff1\">zi </span>accessori, <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>favore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _7\"></span>elenco <span class=\"_ _6\"></span>definito <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>clienti <span class=\"_ _6\"></span>nell\u2019am<span class=\"_ _3\"></span>bito <span class=\"_ _6\"></span>territorial<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>omune <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Padova <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span><span class=\"ff1\">d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>alcuni<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>comuni </span>limitrofi. L'efficaci<span class=\"_ _3\"></span>a dell'operazione \u00e8 decorsa dal 1\u00b0 ottobre <span class=\"_ _3\"></span>2024. Variazione dell\u2019i<span class=\"_ _3\"></span>nteressenza pa<span class=\"_ _3\"></span>rtecipativa<span class=\"ff8 ls0\"> </span>In data 15 a<span class=\"_ _5\"></span>prile 2024 \u00e8 stata acquistata la <span class=\"_ _5\"></span>quota di minoranza, pari al 3% del capitale sociale, della societ\u00e0 Uniflotte Srl da parte della co<span class=\"_ _3\"></span>ntrollante Hera Spa, di<span class=\"_ _3\"></span>ventata pertanto soci<span class=\"_ _3\"></span>o unico.<span class=\"_ _5\"></span> La <span class=\"_ _6\"></span>differenza <span class=\"_ _7\"></span>tra <span class=\"_ _6\"></span>l\u2019ammontar<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>rettifi<span class=\"_ _3\"></span>ca <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>partecipazione <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>minoranza <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>corris<span class=\"_ _3\"></span>pettivo <span class=\"_ _6\"></span>pagat<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>\u00e8 stata rilevata direttame<span class=\"_ _3\"></span>nte nel patrimoni<span class=\"_ _3\"></span>o netto e attribuito ai s<span class=\"_ _3\"></span>oci della Controllante.<span class=\"_ _5\"></span> Altre operazioni<span class=\"_ _3\"></span> societarie<span class=\"ls0\"> </span>In <span class=\"_ _e\"></span>data <span class=\"_ _e\"> </span>24 <span class=\"_ _d\"> </span>maggio <span class=\"_ _e\"></span>2024 <span class=\"_ _e\"></span>Herambiente <span class=\"_ _e\"></span>Servizi <span class=\"_ _e\"></span>Industriali <span class=\"_ _e\"></span>Srl <span class=\"_ _e\"></span>ha <span class=\"_ _e\"> </span>acquistato <span class=\"_ _e\"></span>dalla <span class=\"_ _e\"> </span>societ\u00e0 <span class=\"_ _e\"> </span>Estra <span class=\"_ _e\"> </span>Clima <span class=\"_ _d\"> </span>Srl <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>ramo d'azienda <span class=\"_ _7\"></span>costituito <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>complesso <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>beni <span class=\"_ _7\"></span>organizzati <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>l'esercizio <span class=\"_ _7\"></span>dell'attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>officina <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>oduzione <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>nergia elettrica <span class=\"_ _7\"></span>tramite <span class=\"_ _6\"></span>impiant<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>foto<span class=\"_ _3\"></span>voltaici. <span class=\"_ _7\"></span>L'efficacia <span class=\"_ _7\"></span>dell'operazione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>decorsa <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>1\u00b0 <span class=\"_ _7\"></span>giugno <span class=\"_ _7\"></span>2024. <span class=\"_ _6\"></span><span class=\"ff5\">L\u2019operazione <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>stata </span>rappresentata come un i<span class=\"_ _3\"></span>nvestimento in attivit<span class=\"_ _3\"></span>\u00e0 materiali, non con<span class=\"_ _3\"></span>figurandosi come aggregazio<span class=\"_ _3\"></span>ne aziendale.<span class=\"_ _5\"></span> Con <span class=\"_ _5\"></span>efficacia <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>ottobre <span class=\"_ _5\"></span>2024 <span class=\"_ _7\"></span>\u00e8 a<span class=\"_ _5\"></span>vvenuta l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>fusione p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>incorporazione di <span class=\"_ _6\"></span>H<span class=\"_ _3\"></span>era <span class=\"_ _5\"></span>Comm <span class=\"_ _5\"></span>Marche <span class=\"_ _5\"></span>Srl, <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _5\"></span>detenuta al 100%, nella controllante Hera<span class=\"_ _3\"></span> Comm Spa. In <span class=\"_ _e\"> </span>data <span class=\"_ _6\"> </span>1<span class=\"_ _5\"></span>6 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _6\"></span>2024 <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>stato <span class=\"_ _e\"> </span>stipulato <span class=\"_ _e\"> </span>l\u2019atto <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>cessione <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>parte <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>Ascopiave <span class=\"_ _e\"> </span>Spa <span class=\"_ _e\"> </span>del <span class=\"_ _6\"> </span>25<span class=\"_ _5\"></span>% <span class=\"_ _6\"> </span>del <span class=\"_ _e\"> </span>capitale <span class=\"_ _e\"> </span>di EstEnergy <span class=\"_ _5\"></span>Spa <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Hera <span class=\"_ _7\"></span>Comm <span class=\"_ _5\"></span>Spa. <span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>trasferimento <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>previsto <span class=\"_ _5\"></span>nella <span class=\"_ _7\"></span>finestra <span class=\"_ _5\"></span>tra <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>giugno <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>31 <span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>gli<span class=\"_ _3\"></span>o 2025 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>rimane <span class=\"_ _6\"></span>soggetto <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>condizione <span class=\"_ _6\"></span>sos<span class=\"_ _3\"></span>pensiva <span class=\"_ _6\"></span>dell'effettivo <span class=\"_ _6\"></span>incasso <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>Ascopiave <span class=\"_ _d\"> </span>Spa <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>somme contrattualizzate. <span class=\"_ _6\"></span>Una <span class=\"_ _6\"></span>volta <span class=\"_ _6\"></span>real<span class=\"_ _3\"></span>izzata <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>condizione <span class=\"_ _6\"></span>sospen<span class=\"_ _3\"></span>siva, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>percentuale <span class=\"_ _6\"></span>giuridica <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>possess<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>da <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>del Gruppo Hera sar\u00e0 p<span class=\"_ _3\"></span>ari al 100% del capitale sociale. Criteri di valuta<span class=\"_ _3\"></span>zione e principi di con<span class=\"_ _3\"></span>solidamento<span class=\"ls0\"> </span>Per <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>redazione <span class=\"_ _5\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>prospetti <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>situazione <span class=\"_ _7\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>consolidati <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>stati utilizzati i bilanci che le societ\u00e0 rientr<span class=\"_ _3\"></span>anti nell\u2019area di consolidament<span class=\"_ _3\"></span>o hanno opportunamente ricla<span class=\"_ _3\"></span>ssificato e rettificato<span class=\"_ _3\"></span> (sulla base di a<span class=\"_ _5\"></span>pposite istruzioni emanate dalla Capogruppo) al <span class=\"_ _5\"></span>fine di renderli uniformi ai <span class=\"_ _5\"></span>principi contabili e <span class=\"_ _5\"></span>ai criteri del <span class=\"_ _e\"> </span>Gruppo. <span class=\"_ _e\"> </span>Nell\u2019elaborazione <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>valori <span class=\"_ _e\"> </span>riferiti <span class=\"_ _e\"> </span>alle <span class=\"_ _e\"> </span>societ\u00e0 <span class=\"_ _e\"> </span>valutate <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>patrimonio <span class=\"_ _e\"> </span>netto, <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _e\"> </span>considerate <span class=\"_ _e\"> </span>le rettifiche ai relativi bi<span class=\"_ _3\"></span>lanci per adeguarli ai p<span class=\"_ _3\"></span>rincipi <span class=\"_ _5\"></span>contabili e alle policy <span class=\"_ _3\"></span>del Gruppo. Nella <span class=\"_ _e\"></span>redazione <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>rospetti <span class=\"_ _6\"></span>della <span class=\"_ _e\"> </span>situazione <span class=\"_ _e\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>consolidati, <span class=\"_ _e\"> </span>gli <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>lementi<span class=\"_ _3\"></span> dell\u2019attivo <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>passivo, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>proventi <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>oneri <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>imprese <span class=\"_ _5\"></span>rientranti <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>perimetro <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>consolidamento<span class=\"_ _7\"></span><span class=\"ff1\">,<span class=\"_ _75\"> </span></span>sono inclusi <span class=\"_ _6\"></span>int<span class=\"_ _3\"></span>egralmente. <span class=\"_ _6\"></span>S<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>inve<span class=\"_ _3\"></span>ce <span class=\"_ _6\"></span>eliminati <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>debiti, <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>oneri, <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>utili <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>origin<span class=\"_ _3\"></span>ati <span class=\"_ _6\"></span>d<span class=\"_ _6\"></span><span class=\"lse\">a<span class=\"_ _75\"> </span></span>operazioni <span class=\"_ _6\"></span>effett<span class=\"_ _3\"></span>uate <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>imprese <span class=\"_ _6\"></span>incluse <span class=\"_ _7\"></span>nell\u2019area <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>consolidamento. <span class=\"_ _6\"></span>Viene <span class=\"_ _7\"></span>inoltre <span class=\"_ _6\"></span>eliso <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>contabile <span class=\"_ _7\"></span>delle partecipazioni contro l<span class=\"_ _3\"></span>e corrispondenti frazio<span class=\"_ _3\"></span>ni del patrimonio ne<span class=\"_ _3\"></span>tto delle partecipate.<span class=\"_ _5\"></span> In <span class=\"_ _5\"></span>sede <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>primo <span class=\"_ _7\"></span>consolidamento, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _5\"></span>positiva <span class=\"_ _7\"></span>fra <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _5\"></span>delle attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>acquisite<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>attribuita <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>elementi <span class=\"_ _6\"></span>dell\u2019attiv<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>passivo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>via <span class=\"_ _6\"></span>residuale <span class=\"_ _6\"></span>all\u2019avvi<span class=\"_ _3\"></span>amento. <span class=\"_ _6\"></span>La differenza  negativa <span class=\"_ _4\"> </span>\u00e8 <span class=\"_ _4\"> </span>immediatamente  iscr<span class=\"_ _5\"></span>itta  a <span class=\"_ _4\"> </span>conto <span class=\"_ _4\"> </span>economico, <span class=\"_ _4\"> </span>come <span class=\"_ _4\"> </span>dettagliato <span class=\"_ _4\"> </span>nella <span class=\"_ _4\"> </span>successiva <span class=\"_ _4\"> </span>sezione \u201cAggregazioni di impre<span class=\"_ _3\"></span>se\u201d.<span class=\"_ _75\"> </span>L\u2019importo del capitale e <span class=\"_ _5\"></span>delle riserve delle imprese <span class=\"_ _5\"></span>controllate, corrispon<span class=\"_ _3\"></span>dente alla <span class=\"_ _5\"></span>partecipazi<span class=\"_ _3\"></span>one di <span class=\"_ _5\"></span>terzi, \u00e8 <span class=\"_ _5\"></span>iscritto in una voce <span class=\"_ _5\"></span>del patrimonio netto <span class=\"_ _5\"></span>denominata \u201cInteressenze di <span class=\"_ _5\"></span>minoranza\u201d.<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>La parte <span class=\"_ _5\"></span>del risultato economico consolidato corrispondente alle par<span class=\"_ _3\"></span>tecipazioni di terzi \u00e8<span class=\"_ _3\"></span> iscritta nella voce \u201c<span class=\"_ _5\"></span><span class=\"ff1\">A</span>zionisti d<span class=\"_ _3\"></span>i minoranza\u201d.<span class=\"ff1\"> </span>La valutazione delle voci di bilancio \u00e8 stata fatta sulla b<span class=\"_ _5\"></span>ase de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>criterio generale della competenza e nella prospettiva della continuazione dell\u2019attivit\u00e0. Ai fini delle rilevazioni contabili, viene data prevalen<span class=\"_ _3\"></span>za alla <span class=\"_ _5\"></span>sostanza economica delle<span class=\"_ _3\"></span> operazioni piuttosto <span class=\"_ _3\"></span>che alla loro forma giurid<span class=\"_ _3\"></span>ica.<span class=\"_ _5\"></span> Nella <span class=\"_ _d\"> </span>predisposizione <span class=\"_ _e\"> </span>del<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>resente <span class=\"_ _e\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _e\"> </span>consolidato <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>eguiti <span class=\"_ _e\"> </span>gli <span class=\"_ _f\"> </span>stessi <span class=\"_ _e\"> </span>principi <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>criteri <span class=\"_ _e\"> </span>applicati <span class=\"_ _d\"> </span>nel precedente <span class=\"_ _6\"></span>esercizio <span class=\"_ _6\"></span>te<span class=\"_ _3\"></span>nendo <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>nuovi <span class=\"_ _6\"></span>principi <span class=\"_ _6\"></span>cont<span class=\"_ _3\"></span>abili <span class=\"_ _6\"></span>riportati <span class=\"_ _6\"></span>nell\u2019apposita<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>sezione <span class=\"_ _6\"></span>\u201cModifiche <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>principi<span class=\"_ _3\"></span> contabili\u201d del <span class=\"_ _5\"></span>paragrafo <span class=\"_ _5\"></span>2.02.10 \u201cAltre <span class=\"_ _5\"></span>informazioni\u201d. Per <span class=\"_ _5\"></span>quanto attiene <span class=\"_ _5\"></span>l\u2019aspetto economico, s<span class=\"_ _5\"></span>i precisa c<span class=\"_ _5\"></span>he <span class=\"_ _5\"></span>i costi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>i ricavi <span class=\"_ _6\"></span>esposti <span class=\"_ _7\"></span>comprendono <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>rilevazioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>fi<span class=\"_ _5\"></span>ne <span class=\"_ _7\"></span>esercizio <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>trovano <span class=\"_ _7\"></span>riscontro <span class=\"_ _6\"></span>nelle <span class=\"_ _7\"></span>contropartite <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>situazione patrimoniale-<span class=\"ff5\">finanziaria.<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>In <span class=\"_ _7\"></span>relazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>ci\u00f2 <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>inclusi <span class=\"_ _7\"></span>utili <span class=\"_ _5\"></span>so<span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>se <span class=\"_ _7\"></span>realizzati <span class=\"_ _5\"></span>entro <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>chiusura <span class=\"_ _7\"></span>dell\u2019esercizio,<span class=\"_ _3\"></span> </span>mentre si \u00e8 tenuto cont<span class=\"_ _3\"></span>o dei rischi e delle per<span class=\"_ _3\"></span>dite anche se cono<span class=\"_ _3\"></span>sciuti successivament<span class=\"_ _3\"></span>e a tale data.<span class=\"_ _5\"></span> Le <span class=\"_ _4\"> </span>t<span class=\"_ _5\"></span>ransazioni<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con  azionisti <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>minoranza <span class=\"_ _4\"> </span>sono <span class=\"_ _10\"> </span>contabilizzat<span class=\"_ _3\"></span>e <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>ome  e<span class=\"_ _5\"></span>quity <span class=\"_ _4\"> </span>transaction,  p<span class=\"_ _5\"></span>ertanto,  nel <span class=\"_ _10\"> </span>caso <span class=\"_ _4\"> </span>di acquisizioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ulteriori <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>azionarie <span class=\"_ _5\"></span>dopo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ggiungim<span class=\"_ _3\"></span>ento <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrollo, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _7\"></span>tra <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione <span class=\"_ _5\"></span>e valore contabile delle q<span class=\"_ _3\"></span>uote di minoranza a<span class=\"_ _3\"></span>cquisite viene imputat<span class=\"_ _3\"></span>a a patrimonio netto di G<span class=\"_ _3\"></span>ruppo.<span class=\"_ _7\"></span> La <span class=\"_ _e\"> </span>valuta <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>unzional<span class=\"_ _3\"></span>e <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>presentazione <span class=\"_ _6\"> </span>adottata <span class=\"_ _e\"> </span>dal <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _e\"> </span>l\u2019euro. <span class=\"_ _e\"> </span>Le <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>imprese <span class=\"_ _e\"> </span>estere <span class=\"_ _6\"> </span>in moneta <span class=\"_ _5\"></span>diversa <span class=\"_ _7\"></span>dall\u2019euro <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>rientrano <span class=\"_ _7\"></span>nell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>consolidamento <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>convertite <span class=\"_ _5\"></span>utilizzando <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>tassi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ambio <span class=\"_ _5\"></span>alla data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rife<span class=\"_ _3\"></span>rimento <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>bilanci. <span class=\"_ _6\"></span>I <span class=\"_ _6\"></span>pro<span class=\"_ _3\"></span>venti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>oneri <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onvertiti <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>cam<span class=\"_ _3\"></span>bio <span class=\"_ _6\"></span>medio <span class=\"_ _7\"></span>dell\u2019esercizio. <span class=\"_ _6\"></span>Le <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span>fferenze <span class=\"_ _7\"></span>di conversione <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>incluse <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>patri<span class=\"_ _5\"></span>monio <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>fino <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>cessione <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>partecipazio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span>I <span class=\"_ _5\"></span>principali <span class=\"_ _5\"></span>tassi <span class=\"_ _7\"></span>di cambio utilizzati p<span class=\"_ _3\"></span>er la conversione in euro dei <span class=\"_ _3\"></span>valori delle societ<span class=\"_ _3\"></span>\u00e0 al di fuori dell\u2019area e<span class=\"_ _3\"></span>uro sono stati i segu<span class=\"_ _3\"></span>enti:<span class=\"_ _7\"></span><span class=\"ff1\"> </span>2024 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>2023 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Medio Puntuale Medio Puntuale Lev bulgaro 1,9558 1,9558 1,9558 1,9558 Zloty polacco 4,3058 4,2750 4,5420 4,3395 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "Le <span class=\"_ _4\"> </span>t<span class=\"_ _5\"></span>ransazioni<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>con  azionisti <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>minoranza <span class=\"_ _4\"> </span>sono <span class=\"_ _10\"> </span>contabilizzat<span class=\"_ _3\"></span>e <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>ome  e<span class=\"_ _5\"></span>quity <span class=\"_ _4\"> </span>transaction,  p<span class=\"_ _5\"></span>ertanto,  nel <span class=\"_ _10\"> </span>caso <span class=\"_ _4\"> </span>di acquisizioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ulteriori <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>azionarie <span class=\"_ _5\"></span>dopo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>ra<span class=\"_ _5\"></span>ggiungim<span class=\"_ _3\"></span>ento <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrollo, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _7\"></span>tra <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione <span class=\"_ _5\"></span>e valore contabile delle q<span class=\"_ _3\"></span>uote di minoranza a<span class=\"_ _3\"></span>cquisite viene imputat<span class=\"_ _3\"></span>a a patrimonio netto di G<span class=\"_ _3\"></span>ruppo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "La <span class=\"_ _e\"> </span>valuta <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>unzional<span class=\"_ _3\"></span>e <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>presentazione <span class=\"_ _6\"> </span>adottata <span class=\"_ _e\"> </span>dal <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _e\"> </span>l\u2019euro. <span class=\"_ _e\"> </span>Le <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>imprese <span class=\"_ _e\"> </span>estere <span class=\"_ _6\"> </span>in moneta <span class=\"_ _5\"></span>diversa <span class=\"_ _7\"></span>dall\u2019euro <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>rientrano <span class=\"_ _7\"></span>nell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>consolidamento <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>convertite <span class=\"_ _5\"></span>utilizzando <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>tassi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ambio <span class=\"_ _5\"></span>alla data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rife<span class=\"_ _3\"></span>rimento <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>bilanci. <span class=\"_ _6\"></span>I <span class=\"_ _6\"></span>pro<span class=\"_ _3\"></span>venti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>oneri <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onvertiti <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>cam<span class=\"_ _3\"></span>bio <span class=\"_ _6\"></span>medio <span class=\"_ _7\"></span>dell\u2019esercizio. <span class=\"_ _6\"></span>Le <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span>fferenze <span class=\"_ _7\"></span>di conversione <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>incluse <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>patri<span class=\"_ _5\"></span>monio <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>fino <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>cessione <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>partecipazio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span>I <span class=\"_ _5\"></span>principali <span class=\"_ _5\"></span>tassi <span class=\"_ _7\"></span>di cambio utilizzati p<span class=\"_ _3\"></span>er la conversione in euro dei <span class=\"_ _3\"></span>valori delle societ<span class=\"_ _3\"></span>\u00e0 al di fuori dell\u2019area e<span class=\"_ _3\"></span>uro sono stati i segu<span class=\"_ _3\"></span>enti:<span class=\"_ _7\"></span><span class=\"ff1\"> </span>2024 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>2023 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Medio Puntuale Medio Puntuale Lev bulgaro 1,9558 1,9558 1,9558 1,9558 Zloty polacco 4,3058 4,2750 4,5420 4,3395 ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "Im<span class=\"_ _1\"></span>mo<span class=\"_ _3\"></span>bi<span class=\"_ _1\"></span>li,<span class=\"_ _1\"></span>  i<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span>  e<span class=\"_ _1\"></span>  m<span class=\"_ _3\"></span>ac<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>nar<span class=\"_ _3\"></span>i<span class=\"ff1\"> <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _f\"> </span>Sono  rilevati <span class=\"_ _f\"> </span>al  costo  di <span class=\"_ _f\"> </span>acquisto  o <span class=\"_ _f\"> </span>di  produzione <span class=\"_ _f\"> </span>comprensivo  degli<span class=\"_ _3\"></span>  oneri<span class=\"_ _3\"></span> </span>accessori, oppure a<span class=\"_ _5\"></span>l valore b<span class=\"_ _5\"></span>asato su <span class=\"_ _5\"></span>perizie di <span class=\"_ _5\"></span>stima, nel c<span class=\"_ _5\"></span>aso di <span class=\"_ _5\"></span>acquisizione di aziende, <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>del relativo <span class=\"_ _5\"></span>fondo di <span class=\"_ _5\"></span>ammortamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>eventuali <span class=\"_ _7\"></span>perdite d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Nel <span class=\"_ _5\"></span>costo <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>produzione <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>compresi <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>diretti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>indiretti p<span class=\"_ _5\"></span>er la <span class=\"_ _7\"></span>quota <span class=\"_ _5\"></span>ragionevolmente <span class=\"_ _5\"></span>imputabile <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>bene <span class=\"_ _5\"></span>(<span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>esempio: <span class=\"_ _7\"></span>costi <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>personale, <span class=\"_ _5\"></span>trasporti, <span class=\"_ _5\"></span>dazi <span class=\"_ _7\"></span>doganali, <span class=\"_ _5\"></span>spese <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>la<span class=\"_ _3\"></span> preparazione del <span class=\"_ _5\"></span>luogo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>installazione, costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>collaudo, <span class=\"_ _5\"></span>spese n<span class=\"_ _5\"></span>otarili e <span class=\"_ _5\"></span>catastali). <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>include <span class=\"_ _5\"></span>eventuali onorari professionali <span class=\"_ _4\"> </span>e, <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>taluni  b<span class=\"_ _5\"></span>eni, <span class=\"_ _4\"> </span>gli <span class=\"_ _10\"> </span>oneri  finanziari <span class=\"_ _4\"> </span>capitalizzati <span class=\"_ _4\"> </span>f<span class=\"_ _5\"></span>ino <span class=\"_ _4\"> </span>all\u2019entrata <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>funzion<span class=\"_ _3\"></span>e <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>bene.  I<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>costo ricomprende <span class=\"_ _d\"> </span>gli  e<span class=\"_ _3\"></span>ventuali <span class=\"_ _f\"> </span>costi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>smantellamento, <span class=\"_ _f\"> </span>ripristi<span class=\"_ _3\"></span>no <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>bonifica <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _f\"> </span>sito <span class=\"_ _f\"> </span>su <span class=\"_ _d\"> </span>cui <span class=\"_ _f\"> </span>insiste <span class=\"_ _f\"> </span>l\u2019immobilizzazione<span class=\"_ _3\"></span> materiale.  L<span class=\"_ _3\"></span>e  spese <span class=\"_ _f\"> </span>di  manutenzio<span class=\"_ _3\"></span>ne  ordinaria<span class=\"_ _3\"></span>  sono <span class=\"_ _f\"> </span>addebitate  integr<span class=\"_ _3\"></span>almente  al <span class=\"_ _f\"> </span>conto  ec<span class=\"_ _3\"></span>onomico.  I<span class=\"_ _3\"></span>  costi  p<span class=\"_ _3\"></span>er migliorie, ammodernament<span class=\"_ _3\"></span>o e trasformazione <span class=\"_ _3\"></span>aventi natura increme<span class=\"_ _3\"></span>ntativa sono rilevati com<span class=\"_ _3\"></span>e attivit\u00e0. <span class=\"_ _5\"></span> Immobili, <span class=\"_ _f\"> </span>impianti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>macchinari <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>esposti <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>lordo <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>contributi <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>conto <span class=\"_ _f\"> </span>impianti  c<span class=\"_ _3\"></span>he <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>rilevati <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>conto economico lungo <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>periodo necessario <span class=\"_ _5\"></span>per correlarli <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>i relativi <span class=\"_ _5\"></span>costi; <span class=\"_ _5\"></span>nella situazione p<span class=\"_ _5\"></span>atrimoniale<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>finanziaria sono rappresentati iscri<span class=\"_ _3\"></span>vendo il contributo come ri<span class=\"_ _3\"></span>cavo differito. L\u2019ammortamento ha <span class=\"_ _7\"></span>inizio <span class=\"_ _5\"></span>quando le<span class=\"_ _5\"></span> a<span class=\"_ _5\"></span>ttivit\u00e0 entrano <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>ciclo <span class=\"_ _5\"></span>produttivo. <span class=\"_ _5\"></span>Le <span class=\"_ _5\"></span>immobilizzazioni sono<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>classificate come in corso quando non ha a<span class=\"_ _3\"></span>ncora avuto inizio il proces<span class=\"_ _3\"></span>so di utilizzazio<span class=\"_ _3\"></span>ne economica. <span class=\"_ _5\"></span>Gli immobili, impianti e mac<span class=\"_ _3\"></span>chinari sono <span class=\"_ _1d\"> </span>s<span class=\"_ _5\"></span>istematicament<span class=\"_ _3\"></span>e <span class=\"_ _c\"> </span>ammortizzati <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>ogni <span class=\"_ _c\"> </span>esercizio <span class=\"_ _1d\"> </span>sulla <span class=\"_ _c\"> </span>base <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>aliquote <span class=\"_ _c\"> </span>economico-tecniche <span class=\"_ _c\"> </span>ritenute rappresentative <span class=\"_ _e\"> </span>della <span class=\"_ _d\"> </span>residua <span class=\"_ _d\"> </span>possibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>utilizzo <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>cespiti. <span class=\"_ _d\"> </span>Di <span class=\"_ _f\"> </span>seguito <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>riportate <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>aliquote <span class=\"_ _d\"> </span>utilizzate <span class=\"_ _d\"> </span>per l\u2019ammortamento d<span class=\"ff1\">i immobili,<span class=\"_ _3\"></span> impianti e macchinari:<span class=\"_ _75\"> </span></span><span class=\"ff1\"> </span>CATEGORIA ALIQUOTE Fabbricati 1,8% - 2,8% Impianti di distribuzio<span class=\"_ _3\"></span>ne 1,4% - 5,9% Impianti di produzi<span class=\"_ _3\"></span>one 2,5% - 25,0% Altri impianti 3,9% - 7,5% Attrezzature 5,0% - 20,0%<span class=\"_ _75\"> </span> Macchine elettroni<span class=\"_ _3\"></span>che 16,7% - 20,0% Automezzi 10,0% - 20,0%<span class=\"_ _75\"> </span> I <span class=\"_ _7\"></span><span class=\"ls0\">terreni <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>mmortizzati,<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>eccezion <span class=\"_ _5\"></span>fatta <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>terreni <span class=\"_ _5\"></span>su <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>insistono <span class=\"_ _5\"></span>discariche, <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>ammortizzati <span class=\"_ _5\"></span>sulla </span>base delle quantit\u00e0 di<span class=\"_ _3\"></span> rifiuti smaltite rispe<span class=\"_ _3\"></span>tto alla capacit\u00e0 totale <span class=\"_ _3\"></span>abbancabile.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span> In<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> im<span class=\"_ _1\"></span>mo<span class=\"_ _3\"></span>bi<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ri<span class=\"ff1\"> <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff1\"> P<span class=\"_ _3\"></span>er <span class=\"_ _5\"></span>la valutazione degli <span class=\"_ _5\"></span>investimenti immobiliari \u00e8 stato <span class=\"_ _7\"></span>adottato il <span class=\"_ _5\"></span>criterio del <span class=\"_ _5\"></span>costo. I beni </span></span></span>risultano <span class=\"_ _6\"></span>quindi <span class=\"_ _6\"></span>iscritt<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>osto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizi<span class=\"_ _3\"></span>one, <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>ammor<span class=\"_ _3\"></span>tamenti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>rdite <span class=\"_ _6\"></span>di valore. D<span class=\"_ _3\"></span>ir<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d\u2019u<span class=\"_ _1\"></span>so<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff3 fc1c\"> <span class=\"ff1 fc1\">Il diritto di utilizzo <span class=\"_ _3\"></span>su un bene o un servizio <span class=\"_ _3\"></span>\u00e8 valutato dal Gr<span class=\"_ _3\"></span>uppo inizialmente al c<span class=\"_ _3\"></span>osto.<span class=\"_ _7\"></span> </span></span></span></span>Le componenti d<span class=\"_ _5\"></span>i service eventualmente presenti nel <span class=\"_ _5\"></span>contratto sono escluse <span class=\"_ _5\"></span>dalle proiezioni dei p<span class=\"_ _5\"></span>agamenti futuri per il leasing e contabiliz<span class=\"_ _3\"></span>zate separatamente tr<span class=\"_ _3\"></span>a i costi operativi second<span class=\"_ _3\"></span>o una ripartizione lineare<span class=\"_ _3\"></span>.<span class=\"_ _7\"></span> Dopo <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>rilevazione <span class=\"_ _e\"> </span>iniziale <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>diritto <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>ridotto <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>ammortamenti <span class=\"_ _e\"> </span>accumulati <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>riduzioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i valore, nonch\u00e9 rettifi<span class=\"_ _3\"></span>cato per tener conto di e<span class=\"_ _3\"></span>ventuali rideterminazioni<span class=\"_ _3\"></span> della passivit\u00e0 del l<span class=\"_ _3\"></span>easing. <span class=\"_ _5\"></span> A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> im<span class=\"_ _1\"></span>ma<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e a<span class=\"_ _3\"></span>vv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>o <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"ff1 ls10\">Le <span class=\"_ _5\"></span><span class=\"ls0\">attivit\u00e0 imma<span class=\"_ _5\"></span>teriali identificabili e <span class=\"_ _5\"></span>controllabili<span class=\"_ _5\"></span> sono <span class=\"_ _5\"></span>rilevate al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>e, qualora </span></span></span></span>a <span class=\"_ _2\"> </span>vita <span class=\"_ _2\"> </span>u<span class=\"_ _5\"></span>tile <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>efinita, <span class=\"_ _8\"> </span>s<span class=\"_ _5\"></span>ono <span class=\"_ _2\"> </span>ammortizzate <span class=\"_ _2\"> </span>sistematicame<span class=\"_ _3\"></span>nte <span class=\"_ _2\"> </span>lungo <span class=\"_ _2\"> </span>il <span class=\"_ _1d\"> </span>perio<span class=\"_ _3\"></span>do <span class=\"_ _2\"> </span>della <span class=\"_ _1d\"> </span>stima<span class=\"_ _3\"></span>ta <span class=\"_ _2\"> </span>vita <span class=\"_ _1d\"> </span>utile <span class=\"_ _8\"> </span>stessa. L\u2019ammortamento decorre <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>momento in <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>l\u2019immobilizzazione \u00e8 <span class=\"_ _5\"></span>pronta <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019utilizzo, o <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>omunq<span class=\"_ _3\"></span>ue <span class=\"_ _5\"></span>inizia <span class=\"_ _5\"></span>a p<span class=\"_ _5\"></span>rodurre benefici  e<span class=\"_ _3\"></span>conomici  p<span class=\"_ _3\"></span>er  il <span class=\"_ _f\"> </span>Gruppo. <span class=\"_ _f\"> </span>Le  immobilizzazio<span class=\"_ _3\"></span>ni  in <span class=\"_ _f\"> </span>corso  compre<span class=\"_ _3\"></span>ndono  i <span class=\"_ _f\"> </span>costi  relati<span class=\"_ _3\"></span>vi  a <span class=\"_ _f\"> </span>immobilizzazioni immateriali  per  le  qu<span class=\"_ _3\"></span>ali  non  ha  ancor<span class=\"_ _3\"></span>a  avuto  inizio  il  proc<span class=\"_ _3\"></span>esso  di  utilizzazion<span class=\"_ _3\"></span>e  economica.  Qualora<span class=\"_ _3\"></span>  le  attivit\u00e0 immateriali  s<span class=\"_ _5\"></span>iano <span class=\"_ _4\"> </span>invece <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>vita  u<span class=\"_ _5\"></span>tile <span class=\"_ _4\"> </span>indefinita, <span class=\"_ _4\"> </span>le <span class=\"_ _10\"> </span>stesse  sono <span class=\"_ _10\"> </span>assoggettate  non <span class=\"_ _10\"> </span>ad  ammortamento, <span class=\"_ _4\"> </span>bens\u00ec <span class=\"_ _4\"> </span>a impairment test ann<span class=\"_ _3\"></span>uale anche in assenza di<span class=\"_ _3\"></span> indicatori che segn<span class=\"_ _3\"></span>alino perdite di valore.<span class=\"_ _5\"></span> Le <span class=\"_ _6\"></span>concessioni <span class=\"_ _7\"></span>sono<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ostituite <span class=\"_ _7\"></span>principalmente <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>diritti <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>dotazioni <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>riferiscono <span class=\"_ _6\"></span>ai servizi <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>ciclo <span class=\"_ _7\"></span>idrico <span class=\"_ _6\"></span>integrato<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dati <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>estione <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>funzionali <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>gestio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>tali <span class=\"_ _7\"></span>servizi. <span class=\"_ _6\"></span>Ta<span class=\"_ _3\"></span>li concessioni <span class=\"_ _c\"> </span>risultavano <span class=\"_ _22\"> </span>classificate <span class=\"_ _c\"> </span>nelle <span class=\"_ _22\"> </span>immobilizzazioni <span class=\"_ _c\"> </span>immateriali <span class=\"_ _22\"> </span>anche <span class=\"_ _c\"> </span>antecedentemente <span class=\"_ _c\"> </span>alla <span class=\"_ _22\"> </span>prima applicazione dell\u2019inte<span class=\"_ _3\"></span>rpretazione Ifric 12 <span class=\"ff1\">- Accordi per servizi in c<span class=\"_ _3\"></span>oncessione. </span>Gli  ammortame<span class=\"_ _3\"></span>nti  delle <span class=\"_ _f\"> </span>concessioni  sono <span class=\"_ _f\"> </span>calcolati  in  ba<span class=\"_ _3\"></span>se  a  qu<span class=\"_ _3\"></span>anto  previsto <span class=\"_ _f\"> </span>nelle  rispettive <span class=\"_ _f\"> </span>convenzioni  e  i<span class=\"_ _3\"></span>n particolare: <span class=\"_ _6\"></span>i) <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>misura <span class=\"_ _6\"></span>costa<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vi<span class=\"_ _3\"></span>ta <span class=\"_ _6\"></span>economico<span class=\"_ _7\"></span>-tecnica <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>ben<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>concessi <span class=\"_ _7\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>durata<span class=\"_ _3\"></span> della <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>mede<span class=\"_ _3\"></span>sima, <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>lora <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>scadenza <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>stessa <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>venga <span class=\"_ _6\"></span>riconosci<span class=\"_ _3\"></span>uto <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>gestore <span class=\"_ _6\"></span>usce<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lcu<span class=\"_ _3\"></span>n<span class=\"_ _75\"> </span> valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>indennizzo (Valore <span class=\"_ _5\"></span>industriale <span class=\"_ _5\"></span>residuo o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Vir); <span class=\"_ _5\"></span>ii) in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>economico<span class=\"_ _7\"></span>-tecnica dei <span class=\"_ _5\"></span>singoli <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>qualora alla scadenza delle co<span class=\"_ _3\"></span>ncessioni venga riconosciuto al gest<span class=\"_ _3\"></span>ore uscente un valore <span class=\"_ _3\"></span>di indennizzo (Vir)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span> I <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>pubbli<span class=\"_ _3\"></span>ci <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>ricomprend<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>diritti <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _7\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>dotazioni <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>servizi <span class=\"_ _6\"></span>gas, <span class=\"_ _7\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato, energia elettrica <span class=\"_ _5\"></span>(con l<span class=\"_ _5\"></span>a sola <span class=\"_ _5\"></span>esclusione dei <span class=\"_ _5\"></span>beni afferenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>territorio di <span class=\"_ _5\"></span>Modena, classificati tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>be<span class=\"_ _6\"></span>ni in <span class=\"_ _7\"></span>propriet\u00e0 <span class=\"_ _7\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>forza <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>rel<span class=\"_ _3\"></span>ativa <span class=\"_ _7\"></span>acquisizione) <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>pu<span class=\"_ _3\"></span>bblica <span class=\"_ _7\"></span>illuminazione <span class=\"_ _7\"></span>(salvo <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>questi <span class=\"_ _5\"></span>ultimi <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>nto <span class=\"_ _7\"></span>evidenziato nella <span class=\"_ _5\"></span>successiva <span class=\"_ _7\"></span>nota <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>descrizione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>app<span class=\"_ _5\"></span>licati <span class=\"_ _5\"></span>relativamente <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>\u201cCrediti <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d),<span class=\"_ _3\"></span> connessi <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ervizi <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>gestione <span class=\"_ _8\"> </span>al <span class=\"_ _10\"> </span>Gruppo. <span class=\"_ _10\"> </span>Tali <span class=\"_ _8\"> </span>ra<span class=\"_ _3\"></span>pporti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>conta<span class=\"_ _3\"></span>bilizzati <span class=\"_ _10\"> </span>applicando <span class=\"_ _10\"> </span>il <span class=\"_ _8\"> </span>modello <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> immateriale <span class=\"_ _e\"> </span>previsto <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>all\u2019interpretazio<span class=\"_ _3\"></span>ne <span class=\"_ _d\"> </span>Ifric <span class=\"_ _e\"> </span>12, <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>ritenuto <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"> </span>concessori <span class=\"_ _d\"> </span>sottostanti <span class=\"_ _e\"> </span>non garantissero <span class=\"_ _6\"></span>l\u2019esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"> </span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>concessionario <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>contanti, <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 finanziarie. <span class=\"_ _d\"> </span>Sono <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _d\"> </span>come <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>clienti <span class=\"_ _d\"> </span>i <span class=\"_ _f\"> </span>servizi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _e\"> </span>e miglioria <span class=\"_ _5\"></span>svolti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>concedente. <span class=\"_ _5\"></span>Dal <span class=\"_ _5\"></span>momento <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>gran <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>appaltati <span class=\"_ _5\"></span>esternamente e <span class=\"_ _7\"></span>che sulle <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _d\"> </span>svolte <span class=\"_ _f\"> </span>internamente <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>individuabile <span class=\"_ _d\"> </span>separatamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>margine <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>commessa <span class=\"_ _d\"> </span>dai benefici <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>tariffa <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>remunerazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio, <span class=\"_ _6\"></span>ta<span class=\"_ _5\"></span>li <span class=\"_ _6\"></span>infrastrutture <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>su<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi effettivamente soste<span class=\"_ _3\"></span>nuti. Tale <span class=\"_ _7\"></span>categoria <span class=\"_ _7\"></span>ricomprende <span class=\"_ _7\"></span>inoltre <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>est<span class=\"_ _3\"></span>ensioni <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>ammodernamenti <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>infrastrutture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>ropriet\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 patrimoniali <span class=\"_ _5\"></span>(cosiddette <span class=\"_ _7\"></span>s<span class=\"ff5\">ociet\u00e0 <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>asset, <span class=\"_ _7\"></span>costituite <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _5\"></span>dell<span class=\"_ _5\"></span>\u2019art. <span class=\"_ _5\"></span>113 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>D.Lgs. <span class=\"_ _5\"></span>267/00),<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>gestite <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>in forza <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ffitto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ramo <span class=\"_ _f\"> </span>d\u2019azienda. <span class=\"_ _e\"> </span>Tali <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>ontratti, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fissare <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>corrispettivi <span class=\"_ _d\"> </span>dovuti, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>anche clausole <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>restituzione <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>beni, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>normale <span class=\"_ _10\"> </span>stato <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>manutenzione, <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ietro <span class=\"_ _4\"> </span>corresponsione <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>conguaglio corrispondente <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>netto <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontabile <span class=\"_ _6\"></span>degli <span class=\"_ _e\"> </span>stessi <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>industriale <span class=\"_ _6\"></span>residuo <span class=\"_ _e\"></span>(tenuto <span class=\"_ _e\"></span>conto <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>fondi ripristino). L\u2019ammortamento di tali diritti<span class=\"_ _3\"></span> viene effettuato in base alla vita <span class=\"_ _3\"></span>economico<span class=\"_ _5\"></span><span class=\"ff1\">-tecnica dei singoli beni, anche a fronte delle<span class=\"_ _3\"></span> </span>normative di r<span class=\"_ _5\"></span>iferimento che prevedono<span class=\"_ _5\"></span>, in <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>cambio del <span class=\"_ _5\"></span>gestore del servizio<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>un indennizzo al <span class=\"_ _5\"></span>gestore uscente<span class=\"_ _75\"> </span>pari al <span class=\"_ _5\"></span>Valore industriale residuo (<span class=\"_ _5\"></span>Vir) per i <span class=\"_ _5\"></span>beni realizzati <span class=\"_ _5\"></span>in regime di <span class=\"_ _5\"></span>propriet\u00e0, o <span class=\"_ _5\"></span>al Valore netto <span class=\"_ _5\"></span>contabile (Vnc) per i beni realizzati in regime<span class=\"_ _3\"></span> di contratto di affi<span class=\"_ _3\"></span>tto di ramo d\u2019aziend<span class=\"_ _3\"></span>a.<span class=\"_ _75\"> </span> <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>immateriali <span class=\"_ _7\"></span>rilevate <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>un\u2019aggrega<span class=\"_ _3\"></span>zione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>iscritt<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>separatamente <span class=\"_ _7\"></span>dall\u2019avviamento se <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>loro <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>determinato <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odo <span class=\"_ _7\"></span>attendibile <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>ammortizzate <span class=\"_ _7\"></span>lungo <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>ita <span class=\"_ _7\"></span>utile <span class=\"_ _7\"></span>stimata <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>sede <span class=\"_ _7\"></span>di acquisizione. La attivit\u00e0 immateriali sono esposte a<span class=\"_ _5\"></span>l lordo dei contributi in conto impianti che sono rilevati a conto economico lungo<span class=\"_ _3\"></span> il <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>necessario <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>correlarli <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>relativi <span class=\"_ _e\"></span>costi; <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>situazione <span class=\"_ _e\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>rappresentati iscrivendo il contri<span class=\"_ _3\"></span>buto come ricavo differit<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> Di seguito sono riporta<span class=\"_ _3\"></span>te le aliquote utilizza<span class=\"_ _3\"></span>te per l\u2019ammortamento <span class=\"_ _3\"></span>delle attivit\u00e0 immateriali:<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span>CATEGORIA ALIQUOTE Applicativi informati<span class=\"_ _3\"></span>ci 20,0% Brevetti e marchi<span class=\"_ _3\"></span> 10,0% Fabbricati in conce<span class=\"_ _3\"></span>ssione 1,8% - 3,5%<span class=\"_ _75\"> </span> Impianti di distribuzio<span class=\"_ _3\"></span>ne in concession<span class=\"_ _3\"></span>e 1,8% - 10,0% Altri impianti in c<span class=\"_ _3\"></span>oncessione 2,5% - 12,5% Attrezzature in c<span class=\"_ _3\"></span>oncessione 12,5%<span class=\"_ _75\"> </span> C<span class=\"_ _3\"></span>os<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>acq<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>nuo<span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>con<span class=\"_ _1\"></span>tra<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span><span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>I <span class=\"_ _e\"></span>costi <span class=\"_ _e\"></span>incrementali, <span class=\"_ _6\"></span>rappresentati <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>provvigioni <span class=\"_ _e\"></span>riconosciute<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>ad <span class=\"_ _e\"></span>agenti <span class=\"_ _e\"> </span>per </span></span>l\u2019acquisizione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>nuovi <span class=\"_ _7\"></span>contratti, <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ilevati <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>immateriali <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>ammortizzati <span class=\"_ _7\"></span>secondo <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>vita <span class=\"_ _6\"></span>utile<span class=\"_ _3\"></span> media <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>clientela <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>cquisita <span class=\"_ _5\"></span>(churn <span class=\"_ _5\"></span>rate). <span class=\"_ _7\"></span>A <span class=\"_ _7\"></span>tal <span class=\"_ _7\"></span>fine <span class=\"_ _5\"></span>vengono <span class=\"_ _7\"></span>individuate <span class=\"_ _5\"></span>esclusivamente <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>tipologie <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>provvigioni relative a nuovi cli<span class=\"_ _3\"></span>enti non presenti nella cu<span class=\"_ _3\"></span>stomer base del Gruppo. A<span class=\"_ _3\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>im<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>se <span class=\"_ _e\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _d\"> </span></span>L\u2019eventuale <span class=\"_ _e\"> </span>differenza <span class=\"_ _d\"> </span>positiva <span class=\"_ _d\"> </span>tra <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>osto <span class=\"_ _e\"> </span>dell\u2019operazione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>value <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ata <span class=\"_ _d\"> </span>di<span class=\"_ _3\"></span> </span>ottenimento <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>controllo <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>acquisite <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttribuita <span class=\"_ _5\"></span>all\u2019avviamento<span class=\"_ _7\"></span><span class=\"ff1 ls16\">. <span class=\"_ _7\"></span><span class=\"ls0\">Nel <span class=\"_ _5\"></span>caso<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>cui <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>pro<span class=\"_ _3\"></span>cesso <span class=\"_ _7\"></span>di </span></span>allocazione <span class=\"_ _8\"> </span>del <span class=\"_ _2\"> </span>prezzo <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>acquisto <span class=\"_ _2\"> </span>determini <span class=\"_ _8\"> </span>l\u2019evidenziazione <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>un <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>ifferenzial<span class=\"_ _3\"></span>e <span class=\"_ _2\"> </span>negativo, <span class=\"_ _2\"> </span>lo <span class=\"_ _8\"> </span>s<span class=\"_ _5\"></span>tesso <span class=\"_ _8\"> </span>viene immediatamente <span class=\"_ _5\"></span>imputato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione. <span class=\"_ _6\"></span><span class=\"ff5\">Ai<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>fini <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>determinazione <span class=\"_ _5\"></span>dell\u2019avviamento </span>o <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>differenziale <span class=\"_ _7\"></span>negativo, <span class=\"_ _5\"></span>all\u2019interno <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>dell\u2019operazione<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>anche <span class=\"_ _5\"></span>considerata <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value delle opzioni di vendi<span class=\"_ _3\"></span>ta attribuite ai soci di mi<span class=\"_ _3\"></span>noranza sulle propri<span class=\"_ _3\"></span>e quote partecipative.<span class=\"_ _5\"></span> Eventuali <span class=\"_ _6\"></span>corrispettivi <span class=\"_ _6\"></span>sottoposti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>condizione, <span class=\"_ _e\"></span>anche <span class=\"_ _6\"></span>correlati <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>risultati <span class=\"_ _6\"></span>futuri <span class=\"_ _6\"></span>(earn<span class=\"_ _5\"></span>-out), <span class=\"_ _6\"></span>risultanti <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>contratto <span class=\"_ _6\"></span>di aggregazione <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>impresa <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>valutati <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fair <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>data <span class=\"_ _d\"> </span>di  acq<span class=\"_ _3\"></span>uisizione <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>consider<span class=\"_ _3\"></span>ati <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>dei corrispettivi trasferiti<span class=\"_ _3\"></span> per l\u2019operazione di aggreg<span class=\"_ _3\"></span>azione ai fini della<span class=\"_ _3\"></span> determinazione dell\u2019avvi<span class=\"_ _3\"></span>amento. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Le <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>nteressenze <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>terzi <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>acquisizione <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>valutate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ppure <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>ba<span class=\"_ _3\"></span>se <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>pro<span class=\"_ _7\"></span>-quota <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valor<span class=\"_ _3\"></span>e delle  attivit\u00e0  nette  dell\u2019impresa  acquisita.  La  scelta  del <span class=\"_ _4\"> </span>metodo  di  valutazione  viene  definito  per  ogni  singola transazione. P<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>e  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>val<span class=\"_ _1\"></span>ore<span class=\"_ _1\"></span>  (i<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>)  <span class=\"ff5\">\u2013<span class=\"ff1\">  A<span class=\"_ _1\"></span>i  fi<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>de<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>a  d<span class=\"_ _3\"></span>et<span class=\"_ _1\"></span>erm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _3\"></span>  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>eve<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>  pe<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>  di<span class=\"_ _3\"></span>  v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>or<span class=\"_ _3\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span>il  Gruppo  prende  in </span></span>considerazione <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _6\"></span>contabile <span class=\"_ _e\"></span>degli <span class=\"_ _e\"></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>macc<span class=\"_ _3\"></span>hinari<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>diritti <span class=\"_ _6\"> </span>d\u2019uso <span class=\"_ _e\"> </span>e <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>immateriali </span>confrontandolo  con  <span class=\"ff5\">l\u2019ammo<span class=\"_ _3\"></span>ntare  recuperabile  di  ta<span class=\"_ _3\"></span>li  attivit\u00e0  per  det<span class=\"_ _3\"></span>erminare  l\u2019importo <span class=\"_ _4\"> </span><span class=\"ff1\">di  eventuali  svalutazioni<span class=\"ls1e\">. </span></span></span>L\u2019ammontare <span class=\"_ _e\"> </span>recuperabile <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span><span class=\"ff1\">calcolato <span class=\"_ _e\"> </span>come <span class=\"_ _d\"> </span></span>valore <span class=\"_ _e\"> </span>d\u2019uso. <span class=\"_ _d\"> </span>Dove <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"> </span>possibile <span class=\"_ _e\"> </span>stimare <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _d\"> </span>recuperabile <span class=\"_ _e\"> </span>di un\u2019attivit\u00e0 individualmente, i<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>Gruppo effettua <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>stima del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>recuperabile dell\u2019unit\u00e0 <span class=\"_ _5\"></span>generatrice di <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>finanziari cui l\u2019attivit\u00e0 appartien<span class=\"_ _3\"></span>e. I flussi di cassa futuri sono attualizz<span class=\"_ _3\"></span>ati a un tasso di sconto (al netto delle<span class=\"_ _3\"></span> imposte) che rifle<span class=\"_ _7\"></span><span class=\"ff1\">tte </span>la valutazione corrente<span class=\"_ _3\"></span> del mercato e tiene c<span class=\"_ _3\"></span>onto dei rischi conn<span class=\"_ _3\"></span>essi alla specifica attivi<span class=\"_ _3\"></span>t\u00e0 aziendale.<span class=\"_ _5\"></span> P<span class=\"_ _3\"></span>ar<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>va<span class=\"_ _3\"></span>lu<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span> il<span class=\"_ _3\"></span> me<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>do<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span> n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> <span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>Le partecipazioni iscritte in <span class=\"_ _5\"></span>questa voce si riferiscono a </span></span>investimenti <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"> </span>carattere <span class=\"_ _e\"> </span>durevole <span class=\"_ _d\"> </span>in <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"> </span>collegate <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>joint <span class=\"_ _d\"> </span>venture.<span class=\"_ _5\"></span><span class=\"ff3\"> <span class=\"_ _d\"> </span><span class=\"ff5\">L\u2019eccedenza <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>costo <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>acquisizione </span></span>rispetto  alla  percentual<span class=\"_ _3\"></span>e  spettante  al  Gruppo  del  v<span class=\"_ _3\"></span>alore  corrente  delle  attivit\u00e0,  passi<span class=\"_ _3\"></span>vit\u00e0  e  passivit\u00e0  potenziali<span class=\"_ _3\"></span> identificabili della so<span class=\"_ _3\"></span>ciet\u00e0 alla data di a<span class=\"_ _3\"></span>cquisizione \u00e8 riconosciut<span class=\"_ _3\"></span>o come avviamento. <span class=\"_ _5\"></span> A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>pa<span class=\"_ _3\"></span>rt<span class=\"_ _1\"></span>eci<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>az<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span></span>Appartengono <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>questa <span class=\"_ _5\"></span>categoria <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>partecipazio<span class=\"_ _3\"></span>ni <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>rientranti <span class=\"_ _5\"></span>nell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consolidamento, </span>incluse le partecipazioni in societ\u00e0 c<span class=\"_ _5\"></span>ontrollate, collegate e joint venture la cui <span class=\"_ _5\"></span>entit\u00e0 \u00e8 irrilevante. Per tali <span class=\"_ _5\"></span>investiment<span class=\"_ _7\"></span><span class=\"ls23\">i, </span>al <span class=\"_ _8\"> </span>momento <span class=\"_ _10\"> </span>della <span class=\"_ _8\"> </span>rilevazione <span class=\"_ _8\"> </span>inizia<span class=\"_ _3\"></span>le, <span class=\"_ _8\"> </span>viene <span class=\"_ _10\"> </span>specificatamente <span class=\"_ _8\"> </span>previsto <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>modo <span class=\"_ _8\"> </span>irrevocab<span class=\"_ _3\"></span>ile <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>le <span class=\"_ _10\"> </span>variazioni successive <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>f<span class=\"_ _5\"></span>air <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _7\"></span>rilevate <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>componenti <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mplessivo<span class=\"_ _3\"></span>; <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>caso <span class=\"_ _7\"></span>contrario <span class=\"_ _6\"></span>le variazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>periodicamente <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>rischio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>erivante <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>perdi<span class=\"_ _3\"></span>te eccedenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>car<span class=\"_ _5\"></span>ico d<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>partecipazione \u00e8 <span class=\"_ _7\"></span>rilevato <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>apposito <span class=\"_ _5\"></span>fondo <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>misura <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>partecipante <span class=\"_ _5\"></span>\u00e8 impegnata <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>adempiere <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>obbligazioni <span class=\"_ _5\"></span>legali <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>implicite <span class=\"_ _5\"></span>nei <span class=\"_ _5\"></span>confronti <span class=\"_ _7\"></span>dell\u2019impresa <span class=\"_ _5\"></span>partecipata <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>comunque <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>coprire le sue perdite. A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>fi<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>nz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _e\"></span><span class=\"ff1\">Il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"> </span>classifica <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>finanziarie <span class=\"_ _e\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>del <span class=\"_ _e\"> </span>modello <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>business <span class=\"_ _e\"></span>adottato <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>la </span>gestione <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>stesse <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>caratteristiche <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>finanziari <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontrattuali. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>con<span class=\"_ _3\"></span>dizioni precedenti le attivit\u00e0 <span class=\"_ _3\"></span>finanziarie vengono<span class=\"_ _3\"></span> successivamente val<span class=\"_ _3\"></span>utate al:<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">costo ammortizzato; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fair value rilevato nel<span class=\"_ _3\"></span>le altre componenti di <span class=\"_ _3\"></span>conto economico comples<span class=\"_ _3\"></span>sivo;<span class=\"_ _5\"></span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">fair value rilevato nel<span class=\"_ _3\"></span>l\u2019utile (perdita) d\u2019eserc<span class=\"_ _3\"></span>izio.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span>Il management determ<span class=\"_ _3\"></span>ina la classificazion<span class=\"_ _3\"></span>e delle stesse irrevoc<span class=\"_ _3\"></span>abilmente al momento d<span class=\"_ _3\"></span>ella loro prima iscrizio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span> C<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _d\"> </span><span class=\"ff1\">In <span class=\"_ _e\"> </span>tale <span class=\"_ _e\"> </span>categoria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"> </span>incluse <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>at<span class=\"_ _5\"></span>tivit\u00e0 <span class=\"_ _6\"></span>non <span class=\"_ _e\"> </span>rappresentate <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"> </span>derivati <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>non </span>quotate <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>merc<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>attivo, <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttesi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>agamenti <span class=\"_ _5\"></span>fissi <span class=\"_ _7\"></span>o<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>determinabili. <span class=\"_ _7\"></span>Dal<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span>momento <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odello <span class=\"_ _7\"></span>di<span class=\"_ _75\"> </span> business <span class=\"_ _f\"> </span>generalmente <span class=\"_ _f\"> </span>adottato <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>prevede <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>detenere <span class=\"_ _f\"> </span>tali <span class=\"_ _f\"> </span>strumenti  fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _f\"> </span>unicamente <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>di incassare <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>finanziari <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrattuali, <span class=\"_ _5\"></span>essi <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>valutati <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>ammortizzato <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>todo <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i interesse <span class=\"_ _e\"> </span>effettivo. <span class=\"_ _d\"> </span>Il <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"> </span>delle <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>ridotto <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>considerazione <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>erdite <span class=\"_ _e\"></span>attese <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _e\"> </span>informazioni, disponibili senza one<span class=\"_ _3\"></span>ri o sforzi irragionevoli<span class=\"_ _3\"></span>, che includono dati s<span class=\"_ _3\"></span>torici, attuali e prosp<span class=\"_ _3\"></span>ettici.<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span> Le p<span class=\"_ _5\"></span>erdite di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>determinat<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>attraverso impairment <span class=\"_ _5\"></span>test sono <span class=\"_ _5\"></span>rilevate a<span class=\"_ _5\"></span> conto <span class=\"_ _5\"></span>economico, cos\u00ec <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>gli eventuali successivi ripristini di <span class=\"_ _3\"></span>valore.  Tali <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>classificate <span class=\"_ _7\"></span>come <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti, <span class=\"_ _7\"></span>salvo <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>ote <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>superiore <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>12 <span class=\"_ _7\"></span>mesi, <span class=\"_ _7\"></span>che vengono incluse tra l<span class=\"_ _3\"></span>e attivit\u00e0 non correnti. Sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categor<span class=\"_ _3\"></span>ia, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>dall\u2019interpreta<span class=\"_ _3\"></span>zione <span class=\"_ _6\"></span>Ifric <span class=\"_ _6\"></span>12, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>correl<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quei servizi <span class=\"_ _6\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>concessione <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _e\"></span>quali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"></span>contrattuale <span class=\"_ _6\"></span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>disponibilit\u00e0 liquide <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncedente <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>costruzione <span class=\"_ _5\"></span>resi. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>financial <span class=\"_ _5\"></span>asset <span class=\"_ _5\"></span>model <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>utilizzato <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>contratti riguardanti l\u2019erogazione<span class=\"_ _3\"></span> di servizi di <span class=\"_ _5\"></span>pubblica illumina<span class=\"_ _3\"></span>zione, in considerazione delle caratteristic<span class=\"_ _3\"></span>he degli stessi, nel cui ambito <span class=\"_ _4\"> </span>s<span class=\"_ _5\"></span>empre <span class=\"_ _4\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>spesso <span class=\"_ _4\"> </span>il <span class=\"_ _10\"> </span>concedente <span class=\"_ _10\"> </span>g<span class=\"_ _3\"></span>arantisce <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>concessionario <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>importo <span class=\"_ _4\"> </span>determinato, <span class=\"_ _10\"> </span>o <span class=\"_ _4\"> </span>comunque attendibilmente <span class=\"_ _e\"> </span>determinabile, <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>funzione <span class=\"_ _e\"> </span>dello <span class=\"_ _d\"> </span>sfruttamento <span class=\"_ _d\"> </span>dell\u2019infrastruttura <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>parte <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>cliente <span class=\"_ _d\"> </span>finale. <span class=\"_ _d\"> </span>In applicazione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ale <span class=\"_ _d\"> </span>modello, <span class=\"_ _d\"> </span>viene <span class=\"_ _d\"> </span>rilevata <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>bilancio <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>finanziaria <span class=\"_ _d\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>concedente <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>un ammontare pari al fair <span class=\"_ _3\"></span>value dei servizi di co<span class=\"_ _3\"></span>struzione resi.<span class=\"_ _75\"> </span>A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>ie a<span class=\"_ _3\"></span>l f<span class=\"_ _3\"></span>ai<span class=\"_ _1\"></span>r v<span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e r<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span>vat<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> n<span class=\"_ _3\"></span>el<span class=\"_ _3\"></span>le<span class=\"_ _1\"></span> alt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ti d<span class=\"_ _3\"></span>i c<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ssi<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>Rientrano in <span class=\"_ _5\"></span>tale </span></span>categoria <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>attivit\u00e0, <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>iverse <span class=\"_ _e\"> </span>dagli <span class=\"_ _d\"> </span>strumenti <span class=\"_ _d\"> </span>derivati, <span class=\"_ _d\"> </span>possedute <span class=\"_ _e\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>fine <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>percepire <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>finanziari contrattuali (rappres<span class=\"_ _3\"></span>entati da pagamenti d<span class=\"_ _3\"></span>el capitale e dell\u2019intere<span class=\"_ _3\"></span>sse) oppure per la mo<span class=\"_ _3\"></span>netizzazione tramite v<span class=\"_ _3\"></span>endita.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Tali <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>quest\u2019ultimo <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>facendo <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>prezzi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>mercato <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di bilancio <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>tecniche <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>modelli <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>finanzia<span class=\"_ _3\"></span>ria. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>classificazione, <span class=\"_ _6\"></span>quale <span class=\"_ _6\"></span>attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>corrente <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>non corrente, <span class=\"_ _6\"></span>dipend<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>intenzio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>manageme<span class=\"_ _3\"></span>nt <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>reale <span class=\"_ _6\"></span>negoziabilit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>titolo <span class=\"_ _6\"></span>stesso: <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le attivit\u00e0 correnti qu<span class=\"_ _3\"></span>elle il cui realizzo \u00e8 atteso n<span class=\"_ _3\"></span>ei successivi 12 mesi.A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>fi<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>nz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fa<span class=\"_ _3\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>val<span class=\"_ _1\"></span>ue<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>ri<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span>va<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>n<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>l\u2019u<span class=\"_ _1\"></span>til<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>(p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>a) <span class=\"_ _5\"></span>d\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>ciz<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"ff3\"> <span class=\"_ _6\"></span><span class=\"ff1\">Tale <span class=\"_ _5\"></span>categoria <span class=\"_ _7\"></span>include <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>finanziarie </span></span></span>acquisite <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scopo <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>negoziazione <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>bre<span class=\"_ _3\"></span>ve <span class=\"_ _7\"></span>termine, <span class=\"_ _7\"></span>oltre <span class=\"_ _6\"></span>agl<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>quali <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>rimanda <span class=\"_ _6\"></span>all<span class=\"_ _3\"></span>o <span class=\"_ _7\"></span>specifico paragrafo successiv<span class=\"_ _3\"></span>o.  Il <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>tali <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _6\"></span>viene <span class=\"_ _e\"> </span>determinato <span class=\"_ _e\"> </span>facendo <span class=\"_ _e\"> </span>riferimento <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>mercato <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>chiusura <span class=\"_ _e\"> </span>del periodo <span class=\"_ _5\"></span>oggetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>rilevazione. <span class=\"_ _5\"></span>La <span class=\"_ _7\"></span>classificazione <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>corrente <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>non <span class=\"_ _5\"></span>corrente <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>flette <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>attese <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>management<span class=\"_ _7\"></span><span class=\"ff16\"> <span class=\"_ _7\"></span></span>circa<span class=\"_ _75\"> </span> la <span class=\"_ _7\"></span>loro <span class=\"_ _5\"></span>negoziazione: <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>incluse <span class=\"_ _7\"></span>tra <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>quelle <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>cui <span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>goziazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ntro <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>12 <span class=\"_ _7\"></span>mesi <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>quelle identificate come deten<span class=\"_ _3\"></span>ute a scopo di negozi<span class=\"_ _3\"></span>azione. D<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _e\"> </span>liq<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>id<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>me<span class=\"_ _3\"></span>zz<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>eq<span class=\"_ _3\"></span>ui<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i <span class=\"_ _e\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _d\"> </span><span class=\"ff1\">La <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>oce <span class=\"_ _d\"> </span>relativa <span class=\"_ _e\"> </span>alle <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>isponibilit\u00e0 <span class=\"_ _e\"></span>liquide <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>mezzi <span class=\"_ _e\"> </span>equivalenti <span class=\"_ _d\"> </span>include </span>cassa, <span class=\"_ _d\"> </span>conti <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>bancari <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>depositi <span class=\"_ _d\"> </span>rimborsabili <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>domanda <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ltri <span class=\"_ _d\"> </span>investimenti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>breve <span class=\"_ _d\"> </span>termine <span class=\"_ _f\"> </span>a elevata  liquidit\u00e0  che  sono  prontamente  convertibili  in  cassa  e<span class=\"_ _5\"></span>  sono  soggetti  a  un <span class=\"_ _4\"> </span>rischio  non <span class=\"_ _4\"> </span>significativo  di variazione di valore. C<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>co<span class=\"_ _1\"></span>mm<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013</span><span class=\"fs7\"> <span class=\"_ _d\"> </span></span><span class=\"ff1\">Si <span class=\"_ _e\"> </span>riferiscono <span class=\"_ _e\"> </span>ad <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"></span>commerciali <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>fornitura <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>beni <span class=\"_ _d\"> </span>e </span>servizi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>ammortizzato <span class=\"_ _7\"></span>rettificato per <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>perdite <span class=\"_ _5\"></span>attese <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Tali <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>liminate d<span class=\"_ _5\"></span>al bilancio in caso di ce<span class=\"_ _3\"></span>ssione che trasferisca a<span class=\"_ _3\"></span> terzi tutti i rischi e b<span class=\"_ _3\"></span>enefici connessi alla loro<span class=\"_ _3\"></span> gestione.<span class=\"_ _75\"> </span><span class=\"_ _7\"></span> A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>iv<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i <span class=\"ff5\">\u2013</span><span class=\"fs7\"> </span><span class=\"ff1\">Sono iscritte <span class=\"_ _3\"></span>al valore nominale eventual<span class=\"_ _3\"></span>mente rettificato per perdite di valore, cor<span class=\"_ _3\"></span>rispondente </span>al costo ammortizzato. Ti<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>am<span class=\"_ _1\"></span>bi<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>li <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _d\"> </span>I<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>so<span class=\"_ _5\"></span>ggetto <span class=\"_ _e\"></span>alle <span class=\"_ _d\"> </span>diverse <span class=\"_ _e\"> </span>normative <span class=\"_ _d\"> </span>emanate <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>ambito <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>mbientale <span class=\"_ _e\"></span>che <span class=\"_ _d\"> </span>prevedono <span class=\"_ _d\"> </span>il<span class=\"_ _3\"></span> </span></span>rispetto <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>vincoli  pr<span class=\"_ _3\"></span>efissati <span class=\"_ _f\"> </span>attraverso  l<span class=\"_ _3\"></span>\u2019utilizzo <span class=\"_ _f\"> </span>di  c<span class=\"_ _3\"></span>ertificati <span class=\"_ _f\"> </span>o  tit<span class=\"_ _3\"></span>oli. <span class=\"_ _f\"> </span>Il  Grupp<span class=\"_ _3\"></span>o <span class=\"_ _f\"> </span>\u00e8  quindi <span class=\"_ _f\"> </span>tenuto <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>soddisfare <span class=\"_ _f\"> </span>un fabbisogno <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>termini <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>certificati <span class=\"_ _f\"> </span>grigi <span class=\"_ _d\"> </span>(emission <span class=\"_ _f\"> </span>trading) <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>certificati <span class=\"_ _f\"> </span>bianchi <span class=\"_ _f\"> </span>(titoli <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>efficienza <span class=\"_ _f\"> </span>energetica). <span class=\"_ _d\"> </span>Lo sviluppo dei <span class=\"_ _5\"></span>mercati sui <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>questi titoli/certificati sono trattati ha <span class=\"_ _5\"></span>inoltre <span class=\"_ _5\"></span>permesso l\u2019avvio di <span class=\"_ _5\"></span>un\u2019attivit\u00e0 di <span class=\"_ _5\"></span>trading.<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>La </span>valutazione dei titoli <span class=\"_ _3\"></span>\u00e8 effettuata in relazi<span class=\"_ _3\"></span>one alla destinazione a<span class=\"_ _3\"></span> essi attribuita.<span class=\"_ _5\"></span> I <span class=\"_ _6\"></span>titoli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>poss<span class=\"_ _3\"></span>eduti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>soddisfar<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>bisogno <span class=\"_ _6\"></span>azien<span class=\"_ _3\"></span>dale <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _7\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo. <span class=\"_ _6\"></span>Qualora <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>titoli <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>portaf<span class=\"_ _3\"></span>ogli<span class=\"_ _6\"></span><span class=\"ls22\">o </span>non <span class=\"_ _e\"></span>fossero <span class=\"_ _e\"></span>sufficienti <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>soddisfare <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>fabbisogno <span class=\"_ _e\"></span>viene <span class=\"_ _e\"></span>iscritta <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>garantire <span class=\"_ _e\"></span>adeguata <span class=\"_ _6\"></span>copertura <span class=\"_ _e\"></span>al<span class=\"_ _75\"> </span>momento <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>consegna <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>titoli <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>gestore. <span class=\"_ _6\"></span>I <span class=\"_ _7\"></span>titoli <span class=\"_ _6\"></span>destinati <span class=\"_ _7\"></span>alla <span class=\"_ _e\"> </span>negoziazione <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>iscritti <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valuta<span class=\"_ _3\"></span>ti mediante iscrizione <span class=\"_ _3\"></span>del fair value a cont<span class=\"_ _3\"></span>o economico.<span class=\"_ _75\"> </span>A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i d<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span>iva<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> da<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>n <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>cl<span class=\"_ _3\"></span>ie<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>i <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff1\"> La voce accoglie la rilevazione dei lavori in corso <span class=\"_ _5\"></span><span class=\"ls12\">su</span> ordinazione </span></span>per <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onto <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>clienti<span class=\"ls1e\">. <span class=\"_ _6\"></span></span>Qua<span class=\"_ _3\"></span>ndo <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>risultato <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _7\"></span>commessa <span class=\"_ _7\"></span>pu\u00f2 <span class=\"_ _6\"></span>essere <span class=\"_ _7\"></span>stimato <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>attendibilit\u00e0,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>lavori <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>su ordinazione sono valutati sulla base dei corrispettivi contratt<span class=\"_ _3\"></span>uali maturati con ragionevole certezza, secondo il criteri<span class=\"_ _3\"></span>o della <span class=\"_ _e\"></span>percentuale <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>completamento, <span class=\"_ _e\"></span>cos\u00ec <span class=\"_ _e\"></span>da <span class=\"_ _e\"> </span>attribuire <span class=\"_ _e\"> </span>i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>risultato <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>commessa <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>singoli esercizi <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mpeten<span class=\"_ _3\"></span>za, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>proporzion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>allo <span class=\"_ _6\"></span>stato <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>avanzamento <span class=\"_ _6\"></span>lavori. <span class=\"_ _6\"></span>I <span class=\"_ _7\"></span>ricavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>commessa<span class=\"_ _3\"></span>, <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>cor<span class=\"_ _3\"></span>rispettivi contrattuali, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>varianti, <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>revisioni <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>riconoscimento <span class=\"_ _d\"> </span>degli <span class=\"_ _f\"> </span>incentivi <span class=\"_ _e\"> </span>nella <span class=\"_ _f\"> </span>misura <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>cui <span class=\"_ _d\"> </span>\u00e8 probabile che essi rap<span class=\"_ _3\"></span>presentino effettiv<span class=\"_ _3\"></span>i ricavi che possano e<span class=\"_ _3\"></span>ssere determinati con atten<span class=\"_ _3\"></span>dibilit\u00e0. <span class=\"_ _5\"></span> Quando il ri<span class=\"_ _5\"></span>sultato di una commessa non p<span class=\"_ _5\"></span>u\u00f2 essere stimato con <span class=\"_ _5\"></span>attendibilit\u00e0, i ricavi <span class=\"_ _5\"></span>riferibili alla relativa commessa sono  rilevati  solo  nei  limiti  dei  costi  di  commessa  sostenuti  che  probabilmente  saranno  r<span class=\"_ _3\"></span>ecuperati.  I  costi  di<span class=\"_ _75\"> </span> commessa sono rileva<span class=\"_ _3\"></span>ti come spese nell\u2019eserc<span class=\"_ _3\"></span>izio nel quale essi s<span class=\"_ _3\"></span>ono sostenuti. Quando \u00e8 pr<span class=\"_ _3\"></span>obabile che i costi t<span class=\"_ _3\"></span>otali di commessa siano <span class=\"_ _3\"></span>superiori rispetto ai ricav<span class=\"_ _3\"></span>i contrattuali, la per<span class=\"_ _3\"></span>dita attesa \u00e8 immediat<span class=\"_ _3\"></span>amente rilevata come cost<span class=\"_ _3\"></span>o.<span class=\"_ _7\"></span> R<span class=\"_ _3\"></span>im<span class=\"_ _1\"></span>an<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>ze <span class=\"ff5\">\u2013<span class=\"ff1\"> </span>Le rimanenze sono iscritt<span class=\"_ _3\"></span>e al minore tra il costo d\u2019acquisto, comprensivo degli oneri accessori di diretta<span class=\"_ _3\"></span> </span>imputazione, <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>presumibile <span class=\"_ _6\"></span>va<span class=\"_ _3\"></span>lore <span class=\"_ _6\"></span>netto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>realizzo. <span class=\"_ _6\"></span>Le <span class=\"_ _7\"></span>configurazioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>costo <span class=\"_ _6\"></span>utilizzate <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>valorizzazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>del magazzino sono il costo medio ponderato su base continua (utilizzato per le materie prime sussidiarie e di consumo) e <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>specifico <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>imanenze. <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>giacenze <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>materiali <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>lavorazione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>osto medio <span class=\"_ _6\"></span>ponderato <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fabbricazione <span class=\"_ _6\"></span>dell\u2019esercizi<span class=\"_ _3\"></span>o, <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>comprende <span class=\"_ _6\"></span>le <span class=\"_ _e\"> </span>materie <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rime, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>materiali <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consumo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>costi diretti e indiretti di <span class=\"_ _3\"></span>produzione escluse le spes<span class=\"_ _3\"></span>e generali. C<span class=\"_ _3\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le <span class=\"_ _d\"> </span>soc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013<span class=\"ff1\">  Il <span class=\"_ _f\"> </span>capitale <span class=\"_ _f\"> </span>sociale <span class=\"_ _f\"> </span>\u00e8  is<span class=\"_ _3\"></span>critto <span class=\"_ _f\"> </span>al  valore <span class=\"_ _f\"> </span>nominale <span class=\"_ _f\"> </span>eventualmente <span class=\"_ _f\"> </span>ridotto <span class=\"_ _f\"> </span>dei  costi <span class=\"_ _f\"> </span>direttamente </span></span>attribuibili alle opera<span class=\"_ _3\"></span>zioni di emissione o ria<span class=\"_ _3\"></span>cquisto degli strument<span class=\"_ _3\"></span>i rappresentativi del capit<span class=\"_ _3\"></span>ale. <span class=\"_ _5\"></span> A<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>ie<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>proprie <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>imputate <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>riduzione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>patrimonio <span class=\"_ _5\"></span>netto, <span class=\"_ _7\"></span>cos\u00ec <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>differenze <span class=\"_ _5\"></span>generate </span></span>da ulteriori operazioni i<span class=\"_ _3\"></span>n acquisto, o ven<span class=\"_ _3\"></span>dita, sono rilevate diret<span class=\"_ _3\"></span>tamente come movime<span class=\"_ _3\"></span>nti del patrimonio netto<span class=\"_ _3\"></span>.<span class=\"_ _7\"></span> U<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e p<span class=\"_ _1\"></span>er a<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e <span class=\"ff5\">\u2013</span> <span class=\"ff5\">L<span class=\"_ _5\"></span>\u2019utile per <span class=\"_ _5\"></span>azione \u00e8 r<span class=\"_ _5\"></span>appresentato dall\u2019utile netto <span class=\"_ _5\"></span>del periodo attribuibile a<span class=\"_ _5\"></span>gli azionisti <span class=\"_ _5\"></span>possessori di </span>azioni <span class=\"_ _6\"></span>ordinarie <span class=\"_ _6\"> </span>tenuto <span class=\"_ _e\"> </span>conto <span class=\"_ _6\"></span>della <span class=\"_ _e\"> </span>media <span class=\"_ _6\"></span>ponderata <span class=\"_ _6\"></span>delle <span class=\"_ _6\"> </span>azioni <span class=\"_ _6\"> </span>o<span class=\"_ _5\"></span>rdinarie <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>circolazione <span class=\"_ _6\"> </span>nell\u2019esercizio. <span class=\"_ _6\"></span>L\u2019utile <span class=\"_ _6\"> </span>per azione <span class=\"_ _6\"></span>diluit<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>ottien<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>attraverso <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>rettifica <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>media <span class=\"_ _6\"></span>ponderata <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>circolazione, <span class=\"_ _7\"></span>per<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>ener <span class=\"_ _7\"></span>con<span class=\"_ _5\"></span>to <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i tutte le azioni ordinar<span class=\"_ _3\"></span>ie potenziali con eff<span class=\"_ _3\"></span>etto di diluizione. P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span><span class=\"ff1\">La <span class=\"_ _6\"></span>voce <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>inizialmente <span class=\"_ _7\"></span>rilevata <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrispondente<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>passivit\u00e0, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>netto<span class=\"_ _3\"></span> </span>dei  costi  di  transazione  che  sono  direttamente  attri<span class=\"_ _3\"></span>buibili  all\u2019emissione  della  passivit\u00e0 <span class=\"_ _f\"> </span>st<span class=\"_ _5\"></span>essa.  A  seguito  della<span class=\"_ _3\"></span> rilevazione <span class=\"_ _10\"> </span>iniziale, <span class=\"_ _10\"> </span>le <span class=\"_ _8\"> </span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _8\"> </span>fina<span class=\"_ _3\"></span>nziarie, <span class=\"_ _10\"> </span>a <span class=\"_ _8\"> </span>eccezi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>dei<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>derivati, <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>valutate <span class=\"_ _10\"> </span>con <span class=\"_ _8\"> </span>il <span class=\"_ _10\"> </span>criterio <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>osto<span class=\"_ _3\"></span> ammortizzato <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>metodo <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>tasso <span class=\"_ _f\"> </span>d\u2019interesse<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>effettivo <span class=\"_ _d\"> </span>originale. <span class=\"_ _f\"> </span>In <span class=\"_ _f\"> </span>caso <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>revisione <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>stime <span class=\"_ _f\"> </span>dei pagamenti, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>eccezioni <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>leasing, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ttifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>iscritta <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rovento <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>onere <span class=\"_ _5\"></span>a conto economico.<span class=\"_ _75\"> </span> P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013</span> <span class=\"_ _5\"></span><span class=\"ff1\">Alla data <span class=\"_ _5\"></span>di decorrenza <span class=\"_ _5\"></span>del contratto, l<span class=\"_ _5\"></span>a passivit\u00e0 per <span class=\"_ _5\"></span>leasing \u00e8 <span class=\"_ _5\"></span>calcolata come <span class=\"_ _5\"></span>valore attuale </span>dei pagamenti dovuti<span class=\"_ _3\"></span>, attualizzati utilizza<span class=\"_ _3\"></span>ndo il tasso di finanziam<span class=\"_ _3\"></span>ento marginale.<span class=\"_ _75\"> </span> <span class=\"_ _5\"></span> T<span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>va<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>or<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>ra<span class=\"_ _1\"></span>ppr<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>il<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>t<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>med<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>cu<span class=\"_ _3\"></span>i <span class=\"_ _d\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Gr<span class=\"_ _3\"></span>up<span class=\"_ _1\"></span>po <span class=\"_ _d\"> </span>si<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>ind<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ita<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>di<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nto<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>pe<span class=\"_ _3\"></span>r <span class=\"_ _d\"> </span>sc<span class=\"_ _1\"></span>ade<span class=\"_ _1\"></span>nze<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>con<span class=\"_ _1\"></span>tr<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ual<span class=\"_ _3\"></span>i.<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>\u00c8 <span class=\"_ _d\"> </span>de<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>nat<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> an<span class=\"_ _3\"></span>nu<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e in<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>se<span class=\"_ _1\"></span>de di<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>bu<span class=\"_ _1\"></span>dg<span class=\"_ _3\"></span>et<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>su<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ba<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e d<span class=\"_ _3\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>da<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>co<span class=\"_ _1\"></span>nsu<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span> deg<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> es<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>zi p<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>ced<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e vi<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ap<span class=\"_ _1\"></span>pl<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>o ai<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>rat<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> sti<span class=\"_ _1\"></span>pul<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> da<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>1\u00b0<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>g<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>og<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>s<span class=\"_ _3\"></span>uc<span class=\"_ _3\"></span>ce<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>vo.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>V<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e <span class=\"_ _7\"></span>ag<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>orn<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>ne<span class=\"_ _1\"></span>l <span class=\"_ _5\"></span>cor<span class=\"_ _3\"></span>so<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>per<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>do<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>nel<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _1\"></span>aso<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>si <span class=\"_ _5\"></span>ve<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>fi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>ino<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>deg<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>sh<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ck<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> na<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>ra <span class=\"_ _6\"></span>s<span class=\"_ _3\"></span>ig<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>s<span class=\"_ _3\"></span>ul<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>ta<span class=\"_ _1\"></span>sso<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>me<span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _3\"></span>o.<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>P<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>con<span class=\"_ _1\"></span>tr<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>co<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>du<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>su<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ro<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>an<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il<span class=\"_ _3\"></span> G<span class=\"_ _3\"></span>ru<span class=\"_ _3\"></span>pp<span class=\"_ _1\"></span>o u<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za <span class=\"_ _3\"></span>il<span class=\"_ _1\"></span> ta<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> in<span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>a m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o l<span class=\"_ _3\"></span>un<span class=\"_ _1\"></span>go <span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e, <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>tr<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>con<span class=\"_ _3\"></span>tr<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> du<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>i o<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>nfe<span class=\"_ _1\"></span>rio<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ai<span class=\"_ _1\"></span> q<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ro <span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>i vi<span class=\"_ _1\"></span>ene<span class=\"_ _3\"></span> a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o i<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _1\"></span>o a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>br<span class=\"_ _1\"></span>eve<span class=\"_ _3\"></span> t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e e<span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ui<span class=\"_ _1\"></span>val<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>te.<span class=\"_ _1\"></span><span class=\"ff3\"> </span>B<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci a<span class=\"_ _3\"></span>i d<span class=\"_ _1\"></span>ip<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>ti <span class=\"ff5\">\u2013</span> <span class=\"ff1\">Le <span class=\"_ _5\"></span>passivit\u00e0 relative ai <span class=\"_ _5\"></span>programmi a b<span class=\"_ _5\"></span>enefici definiti (<span class=\"_ _5\"></span>quali il <span class=\"_ _5\"></span>Tfr per la <span class=\"_ _5\"></span>quota maturata <span class=\"_ _5\"></span>ante il </span>1\u00b0 <span class=\"_ _5\"></span>gennaio 2007) <span class=\"_ _5\"></span>sono determinate <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>eventuali attivit\u00e0 <span class=\"_ _5\"></span>al servizio <span class=\"_ _5\"></span>del piano <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base di <span class=\"_ _5\"></span>ipotesi attuariali e per <span class=\"_ _5\"></span>competenza, coerentemente alle <span class=\"_ _5\"></span>prestazioni di <span class=\"_ _5\"></span>lavoro necessarie per l<span class=\"_ _5\"></span>\u2019ottenimento dei benefici. La <span class=\"_ _5\"></span>valutazion<span class=\"_ _3\"></span>e della <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>erificata <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>attuari <span class=\"_ _6\"></span>indipendenti. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>va<span class=\"_ _5\"></span>lore <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>erdite <span class=\"_ _6\"></span>attuariali <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>iscritto <span class=\"_ _6\"></span>t<span class=\"_ _5\"></span>ra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>altr<span class=\"_ _7\"></span><span class=\"lse\">e </span>componenti <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _5\"></span>complessivo. <span class=\"_ _5\"></span>A <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>Legge <span class=\"_ _7\"></span>Finanziaria <span class=\"_ _5\"></span>296 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>27 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>2006, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>le societ\u00e0 con pi\u00f9 di 50 dipend<span class=\"_ _3\"></span>enti per le quote maturate a far<span class=\"_ _3\"></span> data dal 1\u00b0 gennaio 200<span class=\"_ _3\"></span>7, il Tfr si configura come piano a<span class=\"_ _3\"></span> contributi definiti. F<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _8\"> </span><span class=\"ff1\">Gli <span class=\"_ _8\"> </span>accantonamenti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>stanzia<span class=\"_ _3\"></span>ti, <span class=\"_ _8\"> </span>sulla <span class=\"_ _10\"> </span>base <span class=\"_ _8\"> </span>della <span class=\"_ _10\"> </span>miglior <span class=\"_ _8\"> </span>stim<span class=\"_ _3\"></span>a <span class=\"_ _8\"> </span>dei <span class=\"_ _10\"> </span>costi <span class=\"_ _8\"> </span>richiesti <span class=\"_ _10\"> </span>per <span class=\"_ _8\"> </span>far <span class=\"_ _10\"> </span>fronte </span>all\u2019adempimento, alla d<span class=\"_ _5\"></span>ata <span class=\"_ _5\"></span>di bilancio <span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ono attualizzati <span class=\"_ _5\"></span>quando l\u2019effetto <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>significativo e <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>dispone delle <span class=\"_ _5\"></span>necessarie informazioni. In tal caso gli a<span class=\"_ _3\"></span>ccantonamenti sono determinat<span class=\"_ _3\"></span>i attualizzando i flussi di c<span class=\"_ _3\"></span>assa futuri a un tasso di sconto ante imposte che rifl<span class=\"_ _3\"></span>ette la valutazione cor<span class=\"_ _3\"></span>rente del mercato e ti<span class=\"_ _3\"></span>ene conto dei rischi <span class=\"_ _3\"></span>connessi all\u2019attivit\u00e0 azien<span class=\"_ _3\"></span>dale.<span class=\"_ _75\"> </span>Quando <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>d\u00e0 <span class=\"_ _7\"></span>corso <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>attualizzazione, <span class=\"_ _7\"></span>l\u2019incremento <span class=\"_ _5\"></span>dell\u2019accantonamento <span class=\"_ _7\"></span>dovuto <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>trascorrere <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>tempo <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>rilevato tra <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>oneri <span class=\"_ _f\"> </span>finanziari. <span class=\"_ _e\"> </span>Se <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>relativa <span class=\"_ _d\"> </span>ad <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _d\"> </span>materiali <span class=\"_ _e\"> </span>(<span class=\"_ _5\"></span>es. <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ipristino <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>iti), <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>fondo <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>rilevato <span class=\"_ _d\"> </span>come<span class=\"_ _75\"> </span>contropartita dell\u2019attivit<span class=\"_ _3\"></span>\u00e0 cui si riferisce e la rilevazione dell\u2019<span class=\"_ _3\"></span>onere a conto economico avvi<span class=\"_ _3\"></span>ene attraverso il processo di ammortamento dell\u2019imm<span class=\"_ _3\"></span>obilizzazione materi<span class=\"_ _3\"></span>ale alla quale l\u2019oner<span class=\"_ _3\"></span>e si riferisce.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>D<span class=\"_ _3\"></span>eb<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>me<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li <span class=\"ff5\">\u2013</span> <span class=\"ff1\">Si ri<span class=\"_ _5\"></span>feriscono a passivit\u00e0 finanziarie derivanti da <span class=\"_ _5\"></span>rapporti commerciali di <span class=\"_ _5\"></span>fornitura e sono <span class=\"_ _5\"></span>rilevati </span>al costo ammortizzato.<span class=\"_ _75\"> </span>  P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _e\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>de<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>ti <span class=\"_ _e\"></span>da <span class=\"_ _e\"> </span>co<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>rat<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _e\"> </span>con<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>i <span class=\"_ _e\"></span>cli<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti <span class=\"_ _e\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>dimensione <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ccoglie <span class=\"_ _f\"> </span>gli <span class=\"_ _d\"> </span>importi <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>pagamenti<span class=\"_ _3\"></span> </span></span>effettuati dai clienti p<span class=\"_ _3\"></span>rima che si verifichi il trasferiment<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span> dei beni o servizi oggetti <span class=\"_ _3\"></span>del contratto. La rileva<span class=\"_ _3\"></span>zione avviene nel <span class=\"_ _7\"></span>momento <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>effettuato <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>pagamento <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>momento <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>pagamento <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>dovuto. <span class=\"_ _7\"></span>Tale <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>rilevata come ricavo solo qu<span class=\"_ _3\"></span>ando <span class=\"ff5\">l\u2019obbligazione prevista dal <span class=\"_ _3\"></span>contratto viene adem<span class=\"_ _3\"></span>piuta<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> pa<span class=\"_ _3\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _1\"></span> co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013</span> <span class=\"ff1\">Si r<span class=\"_ _5\"></span>iferiscono a <span class=\"_ _5\"></span>rapporti di varia natura <span class=\"_ _5\"></span>e sono <span class=\"_ _5\"></span>iscritte al valore nominale, <span class=\"_ _5\"></span>corrispondente al </span>costo ammortizzato.  S<span class=\"_ _3\"></span>tr<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>d<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _6\"></span>Il<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>etiene <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>allo <span class=\"_ _6\"></span>scopo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>coprire <span class=\"_ _6\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>propria <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>di </span></span>variazione dei tassi <span class=\"_ _5\"></span>d\u2019interesse, di cambio e al <span class=\"_ _5\"></span>rischio di variazione dei prezzi <span class=\"_ _5\"></span>del gas metano <span class=\"_ _5\"></span>e dell\u2019energia elettrica. In <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>tale <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>deve <span class=\"_ _6\"></span>gestire <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>rischi <span class=\"_ _6\"></span>legati <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>disallineame<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ndicizzazione <span class=\"_ _7\"></span>e prezzi <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>acquisto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>gas <span class=\"_ _7\"></span>ed <span class=\"_ _6\"></span>energ<span class=\"_ _3\"></span>ia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>indicizzazione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _7\"></span>legati <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>delle medesime<span class=\"ff16\"> <span class=\"_ _6\"></span></span>commodity. <span class=\"_ _7\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>adotta <span class=\"_ _7\"></span>strumenti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ris<span class=\"_ _3\"></span>chio <span class=\"_ _6\"></span>prezzo, <span class=\"_ _7\"></span>sia <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>quanto<span class=\"_ _3\"></span> riguarda <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>prezzo <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>merci <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>relativo <span class=\"_ _d\"> </span>cambio <span class=\"_ _d\"> </span>euro/dollaro, <span class=\"_ _e\"> </span>anche <span class=\"_ _d\"> </span>finalizzati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>prefissare <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>effetti <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ui margini di vendita in<span class=\"_ _3\"></span>dipendentemente dalle vari<span class=\"_ _3\"></span>azioni delle condizio<span class=\"_ _3\"></span>ni di mercato.<span class=\"_ _5\"></span> Con <span class=\"_ _5\"></span>riferimento ai <span class=\"_ _5\"></span>derivati su <span class=\"_ _5\"></span>commodity <span class=\"_ _5\"></span>l\u2019operativit\u00e0 \u00e8 <span class=\"_ _5\"></span>gestita t<span class=\"_ _5\"></span>ramite la <span class=\"_ _5\"></span>stipula <span class=\"_ _5\"></span>di s<span class=\"_ _5\"></span>trumenti finanziari Otc <span class=\"_ _6\"></span>\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>over <span class=\"_ _5\"></span>the </span>counter <span class=\"_ _6\"></span>(swap <span class=\"_ _6\"></span>su <span class=\"_ _e\"></span>indici), <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>su <span class=\"_ _6\"></span>valute <span class=\"_ _6\"></span>(acquisti <span class=\"_ _e\"></span>forward <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>dollari), <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>ne<span class=\"_ _5\"></span>goziati <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>piattaforme<span class=\"_ _3\"></span> regolamentate, <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _f\"> </span>tramite <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>intermediazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>prevedono <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>consegna <span class=\"_ _f\"> </span>fisica <span class=\"_ _f\"> </span>del  sotto<span class=\"_ _3\"></span>stante <span class=\"_ _10\"> </span><span class=\"ls10\">a </span>regolazione futura (cosiddetti contratti fisi<span class=\"_ _3\"></span>ci). In particolare, il trattament<span class=\"_ _3\"></span>o contabile dei contratti fisici vari<span class=\"_ _3\"></span>a in base alla loro <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inalit\u00e0: <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>contratti <span class=\"_ _5\"></span>riferibili <span class=\"_ _7\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>approvvigionamento <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>prevista <span class=\"_ _7\"></span>l\u2019own<span class=\"_ _7\"></span><span class=\"ff1\">-use <span class=\"_ _7\"></span>exemption <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ffetti </span>economici <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _7\"></span>per <span class=\"_ _6\"> </span>competenza <span class=\"_ _6\"></span>solo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mom<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>dell\u2019effettiva <span class=\"_ _7\"></span>consegna, <span class=\"_ _6\"></span>mentre <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>contrat<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>sottoscritti <span class=\"_ _6\"></span>con riferimento all\u2019attivit\u00e0 di gestione del rischio prezzo o del rischio volume sono equiparati a strumenti finanziari derivati<span class=\"_ _3\"></span> e <span class=\"_ _d\"> </span>valutati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _e\"> </span>fin <span class=\"_ _f\"> </span>dal <span class=\"_ _e\"> </span>momento <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tipula. <span class=\"_ _e\"> </span>Data <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>natura <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>fisici, <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>scopo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>dare <span class=\"_ _d\"> </span>una rappresentazione <span class=\"_ _d\"> </span>pi<span class=\"_ _5\"></span>\u00f9 <span class=\"_ _f\"> </span>coerente <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>reali <span class=\"_ _f\"> </span>transazioni <span class=\"_ _f\"> </span>effettuate, <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>momento <span class=\"_ _f\"> </span>dell\u2019esecuzione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indipendentemente dalla <span class=\"_ _6\"></span>finalit\u00e0 <span class=\"_ _e\"> </span>il <span class=\"_ _6\"></span>regolamento <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>rappresentato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"> </span>economico <span class=\"_ _e\"> </span>alternativamente <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"> </span>\u201cRicavi\u201d <span class=\"_ _e\"> </span>o <span class=\"_ _6\"></span>nella <span class=\"_ _e\"> </span>voce \u201cMaterie prime e mate<span class=\"_ _3\"></span>riali\u201d in ragione che <span class=\"_ _3\"></span>si tratti rispettivament<span class=\"_ _3\"></span>e di cessione o approvvigio<span class=\"_ _3\"></span>namento di commodi<span class=\"_ _3\"></span>ty.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Da <span class=\"_ _d\"> </span>un <span class=\"_ _d\"> </span>punto <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>ista <span class=\"_ _e\"> </span>operativo <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _d\"> </span>identificati <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>portafoglio <span class=\"_ _d\"> </span>commerciale, <span class=\"_ _e\"></span>dove <span class=\"_ _d\"> </span>rientrano <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"> </span>fisici <span class=\"_ _d\"> </span>e finanziari <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>ottoscritti <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>dell\u2019approvvigionam<span class=\"_ _3\"></span>ento, <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>un <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _e\"> </span>trading, <span class=\"_ _e\"> </span>dove <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>inclusi <span class=\"_ _e\"> </span>contratti fisici <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>sottoscritti in <span class=\"_ _5\"></span>ottica <span class=\"_ _5\"></span>speculativa, <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>logiche <span class=\"_ _5\"></span>di pos<span class=\"_ _5\"></span>ition taking <span class=\"_ _5\"></span>puro <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>volta <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>ritiene <span class=\"_ _6\"></span>vi <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>una opportunit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>mercat<span class=\"_ _3\"></span>o, <span class=\"_ _10\"> </span>sempre <span class=\"_ _10\"> </span>all\u2019interno <span class=\"_ _4\"> </span>dei <span class=\"_ _10\"> </span>limiti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>rischio <span class=\"_ _10\"> </span>definiti <span class=\"_ _10\"> </span>dal <span class=\"_ _10\"> </span>Consiglio <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>Amministrazion<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>della Capogruppo. Le <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>riferite <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>che, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>politiche <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rischio, <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>oddisfano <span class=\"_ _6\"></span>i requisiti <span class=\"_ _e\"></span>previsti <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>il <span class=\"_ _e\"></span>trattamento <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>hedge <span class=\"_ _e\"> </span>accounting <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>rilevate <span class=\"_ _d\"> </span>tra <span class=\"_ _e\"> </span>le <span class=\"_ _d\"> </span>altre <span class=\"_ _e\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico complessivo, <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>quelle che, <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ur <span class=\"_ _5\"></span>essendo p<span class=\"_ _5\"></span>oste <span class=\"_ _5\"></span>in e<span class=\"_ _5\"></span>ssere <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>l\u2019intento gestionale <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>soddisfano <span class=\"_ _5\"></span>i requisiti <span class=\"_ _6\"></span>richiesti <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>si <span class=\"_ _e\"></span>determinano. <span class=\"_ _7\"></span>L<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>identificate <span class=\"_ _6\"></span>si<span class=\"_ _3\"></span>n dalla  l<span class=\"_ _3\"></span>oro <span class=\"_ _f\"> </span>origine  come<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>speculative  sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>a  c<span class=\"_ _3\"></span>onto <span class=\"_ _f\"> </span>economico <span class=\"_ _f\"> </span>ne<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span>di  riferim<span class=\"_ _3\"></span>ento.  Il <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>air <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>\u00e8 determinato <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>modelli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>ade<span class=\"_ _5\"></span>guati <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _7\"></span>tipologi<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>strumento, <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>di riferimento come megl<span class=\"_ _3\"></span>io descritto in seguito. Ai f<span class=\"_ _5\"></span>ini della contabilizzazione, le operazioni di <span class=\"_ _5\"></span>copertura sono classificate come <span class=\"_ _5\"></span>fair value <span class=\"_ _5\"></span>hedge se sono <span class=\"_ _5\"></span>a fronte de<span class=\"_ _5\"></span>l rischio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>varia<span class=\"_ _3\"></span>zione, <span class=\"_ _6\"></span>rispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercato, <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>sottostante <span class=\"_ _7\"></span>oppure <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>cash <span class=\"_ _6\"></span>flow hedge se sono <span class=\"_ _5\"></span>a fronte del <span class=\"_ _5\"></span>rischio di variabilit\u00e0 nei flussi <span class=\"_ _5\"></span>finanziari derivanti sia da un\u2019attivit\u00e0 o p<span class=\"_ _5\"></span>assivit\u00e0 esistente si<span class=\"_ _6\"></span><span class=\"ff1 ls22\">a </span>da un\u2019operazione fut<span class=\"_ _3\"></span>ura, incluse le operazi<span class=\"_ _3\"></span>oni su commodity.<span class=\"ff1\"> </span>Per <span class=\"_ _f\"> </span>quanto  rig<span class=\"_ _3\"></span>uarda <span class=\"_ _f\"> </span>gli  strume<span class=\"_ _3\"></span>nti <span class=\"_ _f\"> </span>derivati  classi<span class=\"_ _3\"></span>ficati <span class=\"_ _f\"> </span>come  fai<span class=\"_ _3\"></span>r  valu<span class=\"_ _3\"></span>e  h<span class=\"_ _3\"></span>edge <span class=\"_ _f\"> </span>che  risp<span class=\"_ _3\"></span>ettano  l<span class=\"_ _3\"></span>e  c<span class=\"_ _3\"></span>ondizioni <span class=\"_ _f\"> </span>per  i<span class=\"_ _3\"></span>l trattamento <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>perd<span class=\"_ _5\"></span>ite d<span class=\"_ _5\"></span>erivanti <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>determinazione d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>loro <span class=\"_ _5\"></span>valore di <span class=\"_ _5\"></span>mercato <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>imputati a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico. <span class=\"_ _5\"></span>Allo <span class=\"_ _5\"></span>stesso te<span class=\"_ _5\"></span>mpo s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>imputati a <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>le perdite <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"> </span>dall\u2019adeguamento <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>dell\u2019elemento <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>copertura <span class=\"_ _e\"> </span>limitatamente <span class=\"_ _e\"> </span>al rischio coperto. Per <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>deriv<span class=\"_ _3\"></span>ati <span class=\"_ _6\"></span>classificati <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ash <span class=\"_ _6\"></span>flow <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>edge, <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>alificano <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>tali, <span class=\"_ _6\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue<span class=\"_ _3\"></span> vengono <span class=\"_ _5\"></span>rilevate, l<span class=\"_ _5\"></span>imitatamente alla <span class=\"_ _5\"></span>sola <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>efficace, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>specifica <span class=\"_ _5\"></span>riserva <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>definita <span class=\"_ _5\"></span>\u201cRiserva<span class=\"_ _3\"></span> strumenti derivati <span class=\"_ _3\"></span>valutati al fair value\u201d attr<span class=\"_ _3\"></span>averso il conto econ<span class=\"_ _3\"></span>omico complessivo.<span class=\"_ _75\"> </span>Tale <span class=\"_ _e\"></span>riserva <span class=\"_ _e\"></span>viene <span class=\"_ _6\"></span>successivamente <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ilevata <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>manifestazione <span class=\"_ _6\"></span>economica <span class=\"_ _e\"></span>del sottostante <span class=\"_ _7\"></span>oggetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>copertura. <span class=\"_ _7\"></span>La <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fai<span class=\"_ _3\"></span>r <span class=\"_ _7\"></span>value<span class=\"_ _5\"></span><span class=\"ff16\"> <span class=\"_ _6\"></span></span>riferibile <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>porzione <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>efficace <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>immediatamente rilevata <span class=\"ls10\">ne</span>l conto e<span class=\"_ _3\"></span>conomico di period<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span>Qualora <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>verificarsi <span class=\"_ _4\"> </span>dell\u2019operazione <span class=\"_ _10\"> </span>sottostante <span class=\"_ _4\"> </span>n<span class=\"_ _5\"></span>on <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>considera<span class=\"_ _3\"></span>ta <span class=\"_ _10\"> </span>altamente <span class=\"_ _10\"> </span>probabile, <span class=\"_ _4\"> </span>o <span class=\"_ _10\"> </span>non <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 dimostrabile <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>lazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>corrispondente <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>\u201cRiserva <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutati <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value\u201d viene immediatamente<span class=\"_ _3\"></span> riversata a conto eco<span class=\"_ _3\"></span>nomico. Qualora, <span class=\"_ _5\"></span>invece, l<span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>strumento der<span class=\"_ _5\"></span>ivato sia <span class=\"_ _5\"></span>ceduto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>pertanto <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>qualifichi <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>copertura <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>rischio e<span class=\"_ _5\"></span>fficac<span class=\"_ _3\"></span>e a fronte del quale l\u2019o<span class=\"_ _3\"></span>perazione era stata <span class=\"_ _3\"></span>posta in essere, la quota di \u201cR<span class=\"_ _3\"></span>iserva strumenti deriv<span class=\"_ _3\"></span>ati valutati al fair value\u201d a<span class=\"_ _1\"></span> esso relativa viene ma<span class=\"_ _3\"></span>ntenuta sino a quando n<span class=\"_ _3\"></span>on si manifestano<span class=\"_ _3\"></span> gli effetti economici del <span class=\"_ _3\"></span>contratto sottostante.<span class=\"_ _5\"></span> Il Gruppo, laddove n<span class=\"_ _3\"></span>e sussistano i requi<span class=\"_ _3\"></span>siti, applica la fair valu<span class=\"_ _3\"></span>e option.<span class=\"_ _75\"> </span>A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span>  e  p<span class=\"_ _1\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>t\u00e0  d<span class=\"_ _1\"></span>est<span class=\"_ _3\"></span>in<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>  al<span class=\"_ _1\"></span>la  v<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>di<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>  <span class=\"ff5\">\u2013<span class=\"ff1\">  L<span class=\"_ _5\"></span>a  classificazione  in <span class=\"_ _4\"> </span>tale <span class=\"_ _4\"> </span>categoria  a<span class=\"_ _5\"></span>vviene  nel <span class=\"_ _4\"> </span>momento  in <span class=\"_ _4\"> </span>cui </span></span>l\u2019operazione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>ve<span class=\"_ _3\"></span>ndita <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>nsiderata <span class=\"_ _6\"></span>altamente <span class=\"_ _7\"></span>probabile <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>immediatamente <span class=\"_ _6\"></span>disponibili<span class=\"_ _3\"></span> per la vendita nelle c<span class=\"_ _3\"></span>ondizioni in cui si tr<span class=\"_ _3\"></span>ovano.<span class=\"_ _5\"></span> R<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>ei r<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span> e de<span class=\"_ _1\"></span>i c<span class=\"_ _3\"></span>os<span class=\"_ _1\"></span>ti <span class=\"ff5\">\u2013</span> <span class=\"ff1\">I <span class=\"_ _5\"></span>ricavi e <span class=\"_ _5\"></span>proventi sono <span class=\"_ _5\"></span>iscritti al netto <span class=\"_ _5\"></span>di resi, <span class=\"_ _5\"></span>sconti e <span class=\"_ _5\"></span>abbuoni, nonch\u00e9 delle </span>imposte <span class=\"_ _f\"> </span>direttamente <span class=\"_ _f\"> </span>connesse <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>on <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>vendita <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>prodotti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>servizi. <span class=\"_ _f\"> </span>Sono <span class=\"_ _f\"> </span>ripartiti <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>ricavi derivanti dall\u2019attivit<span class=\"_ _3\"></span>\u00e0 operativa e proventi fin<span class=\"_ _3\"></span>anziari che maturano<span class=\"_ _3\"></span> tra la data di vendita e<span class=\"_ _3\"></span> la data del pagament<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span><span class=\"ff1\"> </span>In particolare:<span class=\"_ _75\"> </span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>vendita <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia, <span class=\"_ _e\"> </span>gas <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>acqua <span class=\"_ _e\"> </span>sono <span class=\"_ _f\"> </span><span class=\"ff5\">riconosciuti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _e\"> </span>al <span class=\"_ _d\"> </span>momento <span class=\"_ _e\"> </span>dell\u2019erogazione <span class=\"_ _e\"> </span>e </span></span></span>comprendono <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>stanziamento <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>rogazioni <span class=\"_ _5\"></span>effettuate, <span class=\"_ _7\"></span>ma <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>ancora <span class=\"_ _6\"></span>fat<span class=\"_ _3\"></span>turate <span class=\"_ _7\"></span>(stimate <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>analisi storiche determinate in<span class=\"_ _3\"></span> relazione ai consumi<span class=\"_ _3\"></span> pregressi);<span class=\"_ _75\"> </span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i <span class=\"_ _f\"> </span>ricavi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>iscritti <span class=\"_ _f\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>tariffe <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>dall\u2019Autorit\u00e0 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>oggetto <span class=\"_ _f\"> </span>di </span></span>perequazioni <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>esercizio <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iflettere <span class=\"_ _d\"> </span>secondo <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>criterio <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>competenza <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>retribuzione <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>a dall\u2019Autorit\u00e0 a fronte <span class=\"_ _3\"></span>degli investimenti effettu<span class=\"_ _3\"></span>ati;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i ricavi sono <span class=\"_ _5\"></span>rilevati quando (o man <span class=\"_ _5\"></span>mano che) \u00e8 adempiuta l\u2019obbligazione del fare, t<span class=\"_ _5\"></span>rasferendo al cliente il bene </span></span>o <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>servizio <span class=\"_ _6\"></span>promesso. <span class=\"_ _7\"></span>Il <span class=\"_ _6\"></span>trasferimento <span class=\"_ _7\"></span>avviene <span class=\"_ _6\"></span>quando <span class=\"_ _6\"></span>(o <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>an <span class=\"_ _6\"></span>mano <span class=\"_ _7\"></span>che) <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>client<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>acquisisce<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontrollo <span class=\"_ _7\"></span>del bene <span class=\"_ _f\"> </span>o <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>servizio. <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>ricavo <span class=\"_ _f\"> </span>iscritto <span class=\"_ _d\"> </span>corrisponde <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>prezzo <span class=\"_ _f\"> </span>attribuito <span class=\"_ _d\"> </span>al<span class=\"_ _5\"></span>l\u2019obbliga<span class=\"_ _3\"></span>zione <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>fare <span class=\"_ _d\"> </span>oggetto <span class=\"_ _f\"> </span>della rilevazione. <span class=\"_ _5\"></span>Si procede <span class=\"_ _5\"></span>all\u2019iscrizione del <span class=\"_ _5\"></span>ricavo <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>se s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>ritenuto probabile <span class=\"_ _5\"></span>che v<span class=\"_ _5\"></span>err\u00e0 incassato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corrispettivo per <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>beni <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>servizi <span class=\"_ _7\"></span>trasferiti <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>cliente. <span class=\"_ _e\"></span><span class=\"ff5\">Quando <span class=\"_ _6\"></span>un\u2019<span class=\"_ _3\"></span>obbligazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>fare <span class=\"_ _6\"></span>viene <span class=\"_ _7\"></span>adempiuta <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>te<span class=\"_ _5\"></span>mpo </span>sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>le  a<span class=\"_ _3\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>derivanti <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>i  cl<span class=\"_ _3\"></span>ienti, <span class=\"_ _f\"> </span>che  r<span class=\"_ _3\"></span>appresentano <span class=\"_ _f\"> </span>una <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>contrattuale<span class=\"_ _3\"></span> realizzata <span class=\"_ _5\"></span>trasferendo <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>cliente <span class=\"_ _5\"></span>prima <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>prezzo <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>pagato <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>pagamento <span class=\"_ _5\"></span>sia <span class=\"_ _7\"></span>dovuto. <span class=\"_ _5\"></span>Di conseguenza <span class=\"_ _6\"></span>le<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>contratti <span class=\"_ _e\"></span>con <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _6\"></span>rappresentano <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>prezzo <span class=\"_ _6\"></span>contrattualizzato <span class=\"_ _e\"></span>in cambio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>servizi <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>siano <span class=\"_ _d\"> </span>gi\u00e0 <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>tati <span class=\"_ _e\"></span>trasferiti <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>cliente. <span class=\"_ _e\"></span>Nel <span class=\"_ _e\"></span>caso <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>cui <span class=\"_ _e\"> </span>quest'ultimo <span class=\"_ _e\"></span>sia <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>diritto incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>ricevere <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>pa<span class=\"_ _5\"></span>gament<span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>contrattualizzat<span class=\"_ _3\"></span>o,<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>soggetto <span class=\"_ _6\"></span>unicamente <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>passaggio <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>tempo <span class=\"_ _6\"></span>prima che il pagamento sia<span class=\"_ _3\"></span> effettivamente dovuto, all<span class=\"_ _3\"></span>ora viene rilevato <span class=\"_ _3\"></span>un credito di natura comm<span class=\"_ _3\"></span>erciale<span class=\"_ _7\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i costi sono contabili<span class=\"_ _3\"></span>zzati secondo il principio della compet<span class=\"_ _3\"></span>enza. </span></span>C<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>but<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span><span class=\"ff1\">I <span class=\"_ _5\"></span>contributi <span class=\"_ _7\"></span>pubblici <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>conto <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>mpianto<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>rilevati <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>lungo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>necessario <span class=\"_ _5\"></span>per </span>correlarli <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>costo. <span class=\"_ _7\"></span>Nella <span class=\"_ _7\"></span>situazione <span class=\"_ _7\"></span>patrimoniale<span class=\"_ _7\"></span>-finanziaria <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>rappresentati <span class=\"_ _7\"></span>iscrivendo <span class=\"_ _7\"></span>il contributo <span class=\"_ _7\"></span>come <span class=\"_ _6\"></span>ricavo <span class=\"_ _7\"></span>differito. <span class=\"_ _7\"></span>I<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontributi <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>esercizio, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ompresi <span class=\"_ _7\"></span>quelli <span class=\"_ _6\"></span>ricevuti <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>utenti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l\u2019allacciam<span class=\"_ _3\"></span>ento del <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ervizio, <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>considerati <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>prestazioni <span class=\"_ _7\"></span>effettuate <span class=\"_ _5\"></span>nell\u2019esercizio <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>pertanto <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>contabilizzati <span class=\"_ _7\"></span>secondo <span class=\"_ _5\"></span>il criterio della compet<span class=\"_ _3\"></span>enza. C<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>le<span class=\"_ _1\"></span>asi<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _6\"></span><span class=\"ff1\">Sono <span class=\"_ _5\"></span>iscritti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>con <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>criterio <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>costanti <span class=\"_ _7\"></span>come <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>neri <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>canoni </span>riferiti <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>contratti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>leasing <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>oggetto <span class=\"_ _6\"></span>beni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>modesto <span class=\"_ _7\"></span>va<span class=\"_ _5\"></span>lore <span class=\"_ _7\"></span>(low<span class=\"_ _7\"></span>-value <span class=\"_ _6\"></span>asset) <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>urata <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>pari <span class=\"_ _6\"></span>o inferiore <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>12 <span class=\"_ _e\"></span>mesi <span class=\"_ _e\"></span>(short-term <span class=\"_ _e\"></span>lease). <span class=\"_ _e\"></span>Il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>h<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>ssato <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>10<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>mila <span class=\"_ _6\"></span>euro <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>soglia <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>ritenere <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>singolo <span class=\"_ _e\"></span>bene<span class=\"_ _3\"></span> sottostante come di m<span class=\"_ _3\"></span>odesto valore. P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>on<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _f\"> </span><span class=\"ff1\">I <span class=\"_ _f\"> </span>proventi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _d\"> </span>sono<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ilevati <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ase <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>principio <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>co<span class=\"_ _5\"></span>mpeten<span class=\"_ _3\"></span>za. <span class=\"_ _f\"> </span>I </span>dividendi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>parteci<span class=\"_ _3\"></span>pazioni\u201d <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _7\"></span>a <span class=\"_ _6\"> </span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>momento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stabilito <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _75\"> </span> riceverne <span class=\"_ _4\"> </span>il <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>agamento,  \u00e8 <span class=\"_ _10\"> </span>probabile  che <span class=\"_ _10\"> </span>i <span class=\"_ _4\"> </span>benefici <span class=\"_ _4\"> </span>economici <span class=\"_ _4\"> </span>derivanti <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ai  d<span class=\"_ _5\"></span>ividendi <span class=\"_ _4\"> </span>affluiranno <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>Gruppo  e l\u2019ammontare degli st<span class=\"_ _3\"></span>essi pu\u00f2 essere atten<span class=\"_ _3\"></span>dibilmente valutato.<span class=\"ff1\"> </span>Im<span class=\"_ _1\"></span>po<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _e\"> </span>Le <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"></span>rappresentano <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>somma <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>imposte <span class=\"_ _e\"> </span>correnti, <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ifferite <span class=\"_ _6\"></span>ed <span class=\"_ _d\"> </span>eventuali <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"></span>sostitutive. <span class=\"_ _6\"></span>L<span class=\"_ _5\"></span>e </span></span>imposte  correnti  sono<span class=\"_ _3\"></span>  calcolate  sul  risul<span class=\"_ _3\"></span>tato  imponibile  dell\u2019e<span class=\"_ _3\"></span>sercizio.  Le  \u201cPassivit<span class=\"_ _3\"></span>\u00e0  per  imposte  correnti\u201d  s<span class=\"_ _3\"></span>ono calcolate utilizzando <span class=\"_ _3\"></span>aliquote vigenti alla <span class=\"_ _3\"></span>data del bilancio.<span class=\"_ _5\"></span> Nella determinazione delle imposte di <span class=\"_ _5\"></span>esercizio, il Gruppo ha <span class=\"_ _5\"></span>tenuto in debita considerazione gli effetti <span class=\"_ _5\"></span>derivanti dalla<span class=\"_ _3\"></span> riforma <span class=\"_ _7\"></span>fiscale <span class=\"_ _7\"></span>Ias <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ntrodotta <span class=\"_ _7\"></span>dalla <span class=\"_ _7\"></span>L. <span class=\"_ _6\"></span>244 <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>24 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _5\"></span>2007 <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>ra<span class=\"_ _5\"></span>fforzato <span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>incipio <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>derivazione<span class=\"_ _3\"></span> statuito <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span>ll'art. <span class=\"_ _5\"></span>83 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Tuir. <span class=\"_ _7\"></span>Tale <span class=\"_ _5\"></span>principio <span class=\"_ _7\"></span>prevede <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>soggetti <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>pplicano <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>principi <span class=\"_ _7\"></span>contabili <span class=\"_ _5\"></span>internazionali<span class=\"_ _75\"> </span>valgano, anche <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>deroga alle d<span class=\"_ _5\"></span>isposizioni del <span class=\"_ _5\"></span>Tuir, i <span class=\"_ _5\"></span>criteri di <span class=\"_ _5\"></span>qualificazione, imputazione te<span class=\"_ _5\"></span>mporale e c<span class=\"_ _5\"></span>lassificazi<span class=\"_ _3\"></span>one in bilancio previsti da<span class=\"_ _3\"></span> detti principi contabili<span class=\"_ _3\"></span>.<span class=\"_ _75\"> </span>Le i<span class=\"_ _5\"></span>mposte differite s<span class=\"_ _5\"></span>ono calcolate c<span class=\"_ _5\"></span>on riguardo <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>differenze temporanee nella <span class=\"_ _5\"></span>tassazione e <span class=\"_ _5\"></span>sono iscritte <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>voce \u201cPassivit\u00e0 <span class=\"_ _d\"> </span><span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span></span>di<span class=\"_ _5\"></span>fferite\u201d. <span class=\"_ _d\"> </span>Le <span class=\"_ _f\"> </span>\u201cAttivit\u00e0 <span class=\"_ _d\"> </span><span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span></span>differite\u201d <span class=\"_ _f\"> </span>vengono <span class=\"_ _e\"> </span>ri<span class=\"_ _5\"></span>levate <span class=\"_ _e\"> </span>n<span class=\"_ _5\"></span>ella <span class=\"_ _d\"> </span>misura <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>cui <span class=\"_ _d\"> </span>si <span class=\"_ _f\"> </span>ritiene probabile <span class=\"_ _7\"></span>l\u2019esistenza, <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>esercizi <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>riv<span class=\"_ _3\"></span>erseranno <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>differenze <span class=\"_ _5\"></span>temporanee, <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>reddito <span class=\"_ _7\"></span>imponibile almeno pari a<span class=\"_ _5\"></span>ll\u2019ammontare<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>delle differenze che <span class=\"_ _5\"></span>si andranno ad <span class=\"_ _5\"></span>annullare. Le <span class=\"_ _5\"></span>imposte differite sono de<span class=\"_ _5\"></span>terminate<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>sulla<span class=\"_ _3\"></span> base d<span class=\"_ _5\"></span>elle aliquote <span class=\"_ _5\"></span>fiscali <span class=\"_ _5\"></span>che si <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>saranno applicabili <span class=\"_ _5\"></span>nell\u2019esercizio nel <span class=\"_ _5\"></span>quale <span class=\"_ _5\"></span>sar\u00e0 realizzata <span class=\"_ _5\"></span>l\u2019attivit\u00e0 fiscale <span class=\"_ _5\"></span>o sar\u00e0 estinta la passivit\u00e0 fiscale, sulla base delle a<span class=\"_ _5\"></span>liquote fiscali stabilite da provvedimenti in vigore o sostanzialmente in vigore alla data di riferimento del bilancio. Tali variazioni sono imputate a conto economico o a patrimonio netto, in relazione all\u2019imput<span class=\"_ _3\"></span>azione effettuata all\u2019or<span class=\"_ _3\"></span>igine della differenza d<span class=\"_ _3\"></span>i riferimento.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Possono, <span class=\"_ _5\"></span>infine, <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>iscritte <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ostitutive <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>presenza d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>disposizioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>onsentono <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>di usufruire di particolari <span class=\"_ _5\"></span>regimi fiscali. Per loro <span class=\"_ _5\"></span>natura si tratta di <span class=\"_ _5\"></span>imposte aventi natura non<span class=\"_ _5\"></span> ricorrente, riconducibile all<span class=\"_ _6\"></span><span class=\"lse\">a </span>volont\u00e0 del Gruppo di <span class=\"_ _3\"></span>optare o meno per il corr<span class=\"_ _3\"></span>elato regime fiscale. Nel caso in cui l\u2019i<span class=\"_ _5\"></span>mposta sostitut<span class=\"_ _3\"></span>iva venga versata in virt\u00f9 d<span class=\"_ _5\"></span>i una normativa fiscale che consenta di allineare, del tutto o <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>parte, <span class=\"_ _f\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>cor<span class=\"_ _5\"></span>rispond<span class=\"_ _3\"></span>ente <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>fiscale <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>stessa, <span class=\"_ _d\"> </span>il <span class=\"_ _f\"> </span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _d\"> </span>procede<span class=\"_ _75\"> </span>all\u2019iscrizione <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>complessivo <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>benefici <span class=\"_ _7\"></span>fiscali <span class=\"_ _7\"></span>(tax <span class=\"_ _7\"></span>asset) <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>contemporaneamente <span class=\"_ _7\"></span>dell\u2019intera <span class=\"_ _7\"></span>imposta sostitutiva nell\u2019eserci<span class=\"_ _3\"></span>zio in cui il managem<span class=\"_ _3\"></span>ent assume la decisio<span class=\"_ _3\"></span>ne di usufruire di tale o<span class=\"_ _3\"></span>pportunit\u00e0.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span>C<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>ri <span class=\"_ _7\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>co<span class=\"_ _1\"></span>nv<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>de<span class=\"_ _1\"></span>lle<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>pos<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span>in<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>val<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>trans<span class=\"_ _3\"></span>azioni <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>valuta <span class=\"_ _6\"></span>estera <span class=\"_ _6\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>rilevate, <span class=\"_ _6\"></span>inizialmente, <span class=\"_ _7\"></span>al </span></span>tasso <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>cambio <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>essere <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>data <span class=\"_ _e\"> </span>dell\u2019operazione. <span class=\"_ _6\"> </span>Le <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>aluta <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>iscritte <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>cambio <span class=\"_ _e\"> </span>di riferimento <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>chiusura <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>perdite <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>cambi <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>imputati <span class=\"_ _5\"></span>regolarmente <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>conto economico. <span class=\"_ _6\"></span>L\u2019eventuale <span class=\"_ _6\"></span>utile <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>etto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>dovesse <span class=\"_ _6\"></span>sorgere <span class=\"_ _6\"></span>viene <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ccantonato <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>un\u2019ap<span class=\"_ _3\"></span>posita <span class=\"_ _6\"></span>riserva <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>distribuibile<span class=\"_ _3\"></span> fino alla data di reali<span class=\"_ _3\"></span>zzo. O<span class=\"_ _3\"></span>pe<span class=\"_ _1\"></span>raz<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _3\"></span> con<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>pa<span class=\"_ _3\"></span>rt<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>ela<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _7\"></span>Le <span class=\"_ _5\"></span>operazioni c<span class=\"_ _5\"></span>on p<span class=\"_ _5\"></span>arti <span class=\"_ _5\"></span>correlate <span class=\"_ _5\"></span>avvengono alle <span class=\"_ _7\"></span>normali condizioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato, nel </span></span>rispetto <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>criteri <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>efficienz<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>d <span class=\"_ _7\"></span>economicit\u00e0. <span class=\"_ _6\"></span>Alcune <span class=\"_ _7\"></span>specifiche <span class=\"_ _7\"></span>transazioni <span class=\"_ _7\"></span>vengono <span class=\"_ _6\"></span>remune<span class=\"_ _3\"></span>rate <span class=\"_ _6\"></span>sull<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>base <span class=\"_ _7\"></span>delle tariffe definite dalle d<span class=\"_ _3\"></span>elibere dell\u2019Arera.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-441": {
   "value": "Im<span class=\"_ _1\"></span>mo<span class=\"_ _3\"></span>bi<span class=\"_ _1\"></span>li,<span class=\"_ _1\"></span>  i<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span>  e<span class=\"_ _1\"></span>  m<span class=\"_ _3\"></span>ac<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>nar<span class=\"_ _3\"></span>i<span class=\"ff1\"> <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _f\"> </span>Sono  rilevati <span class=\"_ _f\"> </span>al  costo  di <span class=\"_ _f\"> </span>acquisto  o <span class=\"_ _f\"> </span>di  produzione <span class=\"_ _f\"> </span>comprensivo  degli<span class=\"_ _3\"></span>  oneri<span class=\"_ _3\"></span> </span>accessori, oppure a<span class=\"_ _5\"></span>l valore b<span class=\"_ _5\"></span>asato su <span class=\"_ _5\"></span>perizie di <span class=\"_ _5\"></span>stima, nel c<span class=\"_ _5\"></span>aso di <span class=\"_ _5\"></span>acquisizione di aziende, <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>del relativo <span class=\"_ _5\"></span>fondo di <span class=\"_ _5\"></span>ammortamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>eventuali <span class=\"_ _7\"></span>perdite d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Nel <span class=\"_ _5\"></span>costo <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>produzione <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>compresi <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>diretti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>indiretti p<span class=\"_ _5\"></span>er la <span class=\"_ _7\"></span>quota <span class=\"_ _5\"></span>ragionevolmente <span class=\"_ _5\"></span>imputabile <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>bene <span class=\"_ _5\"></span>(<span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>esempio: <span class=\"_ _7\"></span>costi <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>personale, <span class=\"_ _5\"></span>trasporti, <span class=\"_ _5\"></span>dazi <span class=\"_ _7\"></span>doganali, <span class=\"_ _5\"></span>spese <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>la<span class=\"_ _3\"></span> preparazione del <span class=\"_ _5\"></span>luogo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>installazione, costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>collaudo, <span class=\"_ _5\"></span>spese n<span class=\"_ _5\"></span>otarili e <span class=\"_ _5\"></span>catastali). <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>include <span class=\"_ _5\"></span>eventuali onorari professionali <span class=\"_ _4\"> </span>e, <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>taluni  b<span class=\"_ _5\"></span>eni, <span class=\"_ _4\"> </span>gli <span class=\"_ _10\"> </span>oneri  finanziari <span class=\"_ _4\"> </span>capitalizzati <span class=\"_ _4\"> </span>f<span class=\"_ _5\"></span>ino <span class=\"_ _4\"> </span>all\u2019entrata <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>funzion<span class=\"_ _3\"></span>e <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>bene.  I<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>costo ricomprende <span class=\"_ _d\"> </span>gli  e<span class=\"_ _3\"></span>ventuali <span class=\"_ _f\"> </span>costi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>smantellamento, <span class=\"_ _f\"> </span>ripristi<span class=\"_ _3\"></span>no <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>bonifica <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _f\"> </span>sito <span class=\"_ _f\"> </span>su <span class=\"_ _d\"> </span>cui <span class=\"_ _f\"> </span>insiste <span class=\"_ _f\"> </span>l\u2019immobilizzazione<span class=\"_ _3\"></span> materiale.  L<span class=\"_ _3\"></span>e  spese <span class=\"_ _f\"> </span>di  manutenzio<span class=\"_ _3\"></span>ne  ordinaria<span class=\"_ _3\"></span>  sono <span class=\"_ _f\"> </span>addebitate  integr<span class=\"_ _3\"></span>almente  al <span class=\"_ _f\"> </span>conto  ec<span class=\"_ _3\"></span>onomico.  I<span class=\"_ _3\"></span>  costi  p<span class=\"_ _3\"></span>er migliorie, ammodernament<span class=\"_ _3\"></span>o e trasformazione <span class=\"_ _3\"></span>aventi natura increme<span class=\"_ _3\"></span>ntativa sono rilevati com<span class=\"_ _3\"></span>e attivit\u00e0. <span class=\"_ _5\"></span> Immobili, <span class=\"_ _f\"> </span>impianti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>macchinari <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>esposti <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>lordo <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>contributi <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>conto <span class=\"_ _f\"> </span>impianti  c<span class=\"_ _3\"></span>he <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>rilevati <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>conto economico lungo <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>periodo necessario <span class=\"_ _5\"></span>per correlarli <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>i relativi <span class=\"_ _5\"></span>costi; <span class=\"_ _5\"></span>nella situazione p<span class=\"_ _5\"></span>atrimoniale<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>finanziaria sono rappresentati iscri<span class=\"_ _3\"></span>vendo il contributo come ri<span class=\"_ _3\"></span>cavo differito. L\u2019ammortamento ha <span class=\"_ _7\"></span>inizio <span class=\"_ _5\"></span>quando le<span class=\"_ _5\"></span> a<span class=\"_ _5\"></span>ttivit\u00e0 entrano <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>ciclo <span class=\"_ _5\"></span>produttivo. <span class=\"_ _5\"></span>Le <span class=\"_ _5\"></span>immobilizzazioni sono<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>classificate come in corso quando non ha a<span class=\"_ _3\"></span>ncora avuto inizio il proces<span class=\"_ _3\"></span>so di utilizzazio<span class=\"_ _3\"></span>ne economica. <span class=\"_ _5\"></span>Gli immobili, impianti e mac<span class=\"_ _3\"></span>chinari sono <span class=\"_ _1d\"> </span>s<span class=\"_ _5\"></span>istematicament<span class=\"_ _3\"></span>e <span class=\"_ _c\"> </span>ammortizzati <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>ogni <span class=\"_ _c\"> </span>esercizio <span class=\"_ _1d\"> </span>sulla <span class=\"_ _c\"> </span>base <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>aliquote <span class=\"_ _c\"> </span>economico-tecniche <span class=\"_ _c\"> </span>ritenute rappresentative <span class=\"_ _e\"> </span>della <span class=\"_ _d\"> </span>residua <span class=\"_ _d\"> </span>possibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>utilizzo <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>cespiti. <span class=\"_ _d\"> </span>Di <span class=\"_ _f\"> </span>seguito <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>riportate <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>aliquote <span class=\"_ _d\"> </span>utilizzate <span class=\"_ _d\"> </span>per l\u2019ammortamento d<span class=\"ff1\">i immobili,<span class=\"_ _3\"></span> impianti e macchinari:<span class=\"_ _75\"> </span></span><span class=\"ff1\"> </span>CATEGORIA ALIQUOTE Fabbricati 1,8% - 2,8% Impianti di distribuzio<span class=\"_ _3\"></span>ne 1,4% - 5,9% Impianti di produzi<span class=\"_ _3\"></span>one 2,5% - 25,0% Altri impianti 3,9% - 7,5% Attrezzature 5,0% - 20,0%<span class=\"_ _75\"> </span> Macchine elettroni<span class=\"_ _3\"></span>che 16,7% - 20,0% Automezzi 10,0% - 20,0%<span class=\"_ _75\"> </span> I <span class=\"_ _7\"></span><span class=\"ls0\">terreni <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>mmortizzati,<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>eccezion <span class=\"_ _5\"></span>fatta <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>terreni <span class=\"_ _5\"></span>su <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>insistono <span class=\"_ _5\"></span>discariche, <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>ammortizzati <span class=\"_ _5\"></span>sulla </span>base delle quantit\u00e0 di<span class=\"_ _3\"></span> rifiuti smaltite rispe<span class=\"_ _3\"></span>tto alla capacit\u00e0 totale <span class=\"_ _3\"></span>abbancabile.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "Sono  rilevati <span class=\"_ _f\"> </span>al  costo  di <span class=\"_ _f\"> </span>acquisto  o <span class=\"_ _f\"> </span>di  produzione <span class=\"_ _f\"> </span>comprensivo  degli<span class=\"_ _3\"></span>  oneri<span class=\"_ _3\"></span> accessori, oppure a<span class=\"_ _5\"></span>l valore b<span class=\"_ _5\"></span>asato su <span class=\"_ _5\"></span>perizie di <span class=\"_ _5\"></span>stima, nel c<span class=\"_ _5\"></span>aso di <span class=\"_ _5\"></span>acquisizione di aziende, <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>del relativo <span class=\"_ _5\"></span>fondo di <span class=\"_ _5\"></span>ammortamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>eventuali <span class=\"_ _7\"></span>perdite d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Nel <span class=\"_ _5\"></span>costo <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>produzione <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>compresi <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>diretti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>indiretti p<span class=\"_ _5\"></span>er la <span class=\"_ _7\"></span>quota <span class=\"_ _5\"></span>ragionevolmente <span class=\"_ _5\"></span>imputabile <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>bene <span class=\"_ _5\"></span>(<span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>esempio: <span class=\"_ _7\"></span>costi <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>personale, <span class=\"_ _5\"></span>trasporti, <span class=\"_ _5\"></span>dazi <span class=\"_ _7\"></span>doganali, <span class=\"_ _5\"></span>spese <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>la<span class=\"_ _3\"></span> preparazione del <span class=\"_ _5\"></span>luogo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>installazione, costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>collaudo, <span class=\"_ _5\"></span>spese n<span class=\"_ _5\"></span>otarili e <span class=\"_ _5\"></span>catastali). <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>include <span class=\"_ _5\"></span>eventuali onorari professionali <span class=\"_ _4\"> </span>e, <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>taluni  b<span class=\"_ _5\"></span>eni, <span class=\"_ _4\"> </span>gli <span class=\"_ _10\"> </span>oneri  finanziari <span class=\"_ _4\"> </span>capitalizzati <span class=\"_ _4\"> </span>f<span class=\"_ _5\"></span>ino <span class=\"_ _4\"> </span>all\u2019entrata <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>funzion<span class=\"_ _3\"></span>e <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>bene.  I<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>costo ricomprende <span class=\"_ _d\"> </span>gli  e<span class=\"_ _3\"></span>ventuali <span class=\"_ _f\"> </span>costi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>smantellamento, <span class=\"_ _f\"> </span>ripristi<span class=\"_ _3\"></span>no <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>bonifica <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _f\"> </span>sito <span class=\"_ _f\"> </span>su <span class=\"_ _d\"> </span>cui <span class=\"_ _f\"> </span>insiste <span class=\"_ _f\"> </span>l\u2019immobilizzazione<span class=\"_ _3\"></span> materiale.  L<span class=\"_ _3\"></span>e  spese <span class=\"_ _f\"> </span>di  manutenzio<span class=\"_ _3\"></span>ne  ordinaria<span class=\"_ _3\"></span>  sono <span class=\"_ _f\"> </span>addebitate  integr<span class=\"_ _3\"></span>almente  al <span class=\"_ _f\"> </span>conto  ec<span class=\"_ _3\"></span>onomico.  I<span class=\"_ _3\"></span>  costi  p<span class=\"_ _3\"></span>er migliorie, ammodernament<span class=\"_ _3\"></span>o e trasformazione <span class=\"_ _3\"></span>aventi natura increme<span class=\"_ _3\"></span>ntativa sono rilevati com<span class=\"_ _3\"></span>e attivit\u00e0. <span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "Sono  rilevati <span class=\"_ _f\"> </span>al  costo  di <span class=\"_ _f\"> </span>acquisto  o <span class=\"_ _f\"> </span>di  produzione <span class=\"_ _f\"> </span>comprensivo  degli<span class=\"_ _3\"></span>  oneri<span class=\"_ _3\"></span> accessori, oppure a<span class=\"_ _5\"></span>l valore b<span class=\"_ _5\"></span>asato su <span class=\"_ _5\"></span>perizie di <span class=\"_ _5\"></span>stima, nel c<span class=\"_ _5\"></span>aso di <span class=\"_ _5\"></span>acquisizione di aziende, <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>del relativo <span class=\"_ _5\"></span>fondo di <span class=\"_ _5\"></span>ammortamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>eventuali <span class=\"_ _7\"></span>perdite d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Nel <span class=\"_ _5\"></span>costo <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>produzione <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>compresi <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>diretti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>indiretti p<span class=\"_ _5\"></span>er la <span class=\"_ _7\"></span>quota <span class=\"_ _5\"></span>ragionevolmente <span class=\"_ _5\"></span>imputabile <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>bene <span class=\"_ _5\"></span>(<span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>esempio: <span class=\"_ _7\"></span>costi <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>personale, <span class=\"_ _5\"></span>trasporti, <span class=\"_ _5\"></span>dazi <span class=\"_ _7\"></span>doganali, <span class=\"_ _5\"></span>spese <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>la<span class=\"_ _3\"></span> preparazione del <span class=\"_ _5\"></span>luogo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>installazione, costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>collaudo, <span class=\"_ _5\"></span>spese n<span class=\"_ _5\"></span>otarili e <span class=\"_ _5\"></span>catastali). <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>include <span class=\"_ _5\"></span>eventuali onorari professionali <span class=\"_ _4\"> </span>e, <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>taluni  b<span class=\"_ _5\"></span>eni, <span class=\"_ _4\"> </span>gli <span class=\"_ _10\"> </span>oneri  finanziari <span class=\"_ _4\"> </span>capitalizzati <span class=\"_ _4\"> </span>f<span class=\"_ _5\"></span>ino <span class=\"_ _4\"> </span>all\u2019entrata <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>funzion<span class=\"_ _3\"></span>e <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>bene.  I<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>costo ricomprende <span class=\"_ _d\"> </span>gli  e<span class=\"_ _3\"></span>ventuali <span class=\"_ _f\"> </span>costi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>smantellamento, <span class=\"_ _f\"> </span>ripristi<span class=\"_ _3\"></span>no <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>bonifica <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _f\"> </span>sito <span class=\"_ _f\"> </span>su <span class=\"_ _d\"> </span>cui <span class=\"_ _f\"> </span>insiste <span class=\"_ _f\"> </span>l\u2019immobilizzazione<span class=\"_ _3\"></span> materiale.  L<span class=\"_ _3\"></span>e  spese <span class=\"_ _f\"> </span>di  manutenzio<span class=\"_ _3\"></span>ne  ordinaria<span class=\"_ _3\"></span>  sono <span class=\"_ _f\"> </span>addebitate  integr<span class=\"_ _3\"></span>almente  al <span class=\"_ _f\"> </span>conto  ec<span class=\"_ _3\"></span>onomico.  I<span class=\"_ _3\"></span>  costi  p<span class=\"_ _3\"></span>er migliorie, ammodernament<span class=\"_ _3\"></span>o e trasformazione <span class=\"_ _3\"></span>aventi natura increme<span class=\"_ _3\"></span>ntativa sono rilevati com<span class=\"_ _3\"></span>e attivit\u00e0. <span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "L<span class=\"_ _3\"></span>e  spese <span class=\"_ _f\"> </span>di  manutenzio<span class=\"_ _3\"></span>ne  ordinaria<span class=\"_ _3\"></span>  sono <span class=\"_ _f\"> </span>addebitate  integr<span class=\"_ _3\"></span>almente  al <span class=\"_ _f\"> </span>conto  ec<span class=\"_ _3\"></span>onomico.  I<span class=\"_ _3\"></span>  costi  p<span class=\"_ _3\"></span>er migliorie, ammodernament<span class=\"_ _3\"></span>o e trasformazione <span class=\"_ _3\"></span>aventi natura increme<span class=\"_ _3\"></span>ntativa sono rilevati com<span class=\"_ _3\"></span>e attivit\u00e0. <span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "L\u2019ammortamento ha <span class=\"_ _7\"></span>inizio <span class=\"_ _5\"></span>quando le<span class=\"_ _5\"></span> a<span class=\"_ _5\"></span>ttivit\u00e0 entrano <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>ciclo <span class=\"_ _5\"></span>produttivo. <span class=\"_ _5\"></span>Le <span class=\"_ _5\"></span>immobilizzazioni sono<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>classificate come in corso quando non ha a<span class=\"_ _3\"></span>ncora avuto inizio il proces<span class=\"_ _3\"></span>so di utilizzazio<span class=\"_ _3\"></span>ne economica. <span class=\"_ _5\"></span>Gli immobili, impianti e mac<span class=\"_ _3\"></span>chinari sono <span class=\"_ _1d\"> </span>s<span class=\"_ _5\"></span>istematicament<span class=\"_ _3\"></span>e <span class=\"_ _c\"> </span>ammortizzati <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>ogni <span class=\"_ _c\"> </span>esercizio <span class=\"_ _1d\"> </span>sulla <span class=\"_ _c\"> </span>base <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>aliquote economico-tecniche <span class=\"_ _c\"> </span>ritenute rappresentative <span class=\"_ _e\"> </span>della <span class=\"_ _d\"> </span>residua <span class=\"_ _d\"> </span>possibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>utilizzo <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>cespiti. <span class=\"_ _d\"> </span>Di <span class=\"_ _f\"> </span>seguito <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>riportate <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>aliquote <span class=\"_ _d\"> </span>utilizzate <span class=\"_ _d\"> </span>per l\u2019ammortamento d<span class=\"ff1\">i immobili,<span class=\"_ _3\"></span> impianti e macchinari:<span class=\"_ _75\"> </span></span>CATEGORIA ALIQUOTE Fabbricati 1,8% - 2,8% Impianti di distribuzio<span class=\"_ _3\"></span>ne 1,4% - 5,9% Impianti di produzi<span class=\"_ _3\"></span>one 2,5% - 25,0% Altri impianti 3,9% - 7,5% Attrezzature 5,0% - 20,0%<span class=\"_ _75\"> </span>Macchine elettroni<span class=\"_ _3\"></span>che 16,7% - 20,0% Automezzi 10,0% - 20,0%<span class=\"_ _75\"> </span>I <span class=\"_ _7\"></span><span class=\"ls0\">terreni <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>mmortizzati,<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>eccezion <span class=\"_ _5\"></span>fatta <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>terreni <span class=\"_ _5\"></span>su <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>insistono <span class=\"_ _5\"></span>discariche, <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>ammortizzati <span class=\"_ _5\"></span>sulla </span>base delle quantit\u00e0 di<span class=\"_ _3\"></span> rifiuti smaltite rispe<span class=\"_ _3\"></span>tto alla capacit\u00e0 totale <span class=\"_ _3\"></span>abbancabile.<span class=\"_ _75\"> </span>Dopo <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>rilevazione <span class=\"_ _e\"> </span>iniziale <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>diritto <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>ridotto <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>ammortamenti <span class=\"_ _e\"> </span>accumulati <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>riduzioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i valore, nonch\u00e9 rettifi<span class=\"_ _3\"></span>cato per tener conto di e<span class=\"_ _3\"></span>ventuali rideterminazioni<span class=\"_ _3\"></span> della passivit\u00e0 del l<span class=\"_ _3\"></span>easing. Gli  ammortame<span class=\"_ _3\"></span>nti  delle <span class=\"_ _f\"> </span>concessioni  sono <span class=\"_ _f\"> </span>calcolati  in  ba<span class=\"_ _3\"></span>se  a  qu<span class=\"_ _3\"></span>anto  previsto <span class=\"_ _f\"> </span>nelle  rispettive <span class=\"_ _f\"> </span>convenzioni  e  i<span class=\"_ _3\"></span>n particolare: <span class=\"_ _6\"></span>i) <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>misura <span class=\"_ _6\"></span>costa<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vi<span class=\"_ _3\"></span>ta <span class=\"_ _6\"></span>economico<span class=\"_ _7\"></span>-tecnica <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>ben<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>concessi <span class=\"_ _7\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>durata<span class=\"_ _3\"></span> della <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>mede<span class=\"_ _3\"></span>sima, <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>lora <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>scadenza <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>stessa <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>venga <span class=\"_ _6\"></span>riconosci<span class=\"_ _3\"></span>uto <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>gestore <span class=\"_ _6\"></span>usce<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lcu<span class=\"_ _3\"></span>n<span class=\"_ _75\"> </span>valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>indennizzo (Valore <span class=\"_ _5\"></span>industriale <span class=\"_ _5\"></span>residuo o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Vir); <span class=\"_ _5\"></span>ii) in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>economico<span class=\"_ _7\"></span>-tecnica dei <span class=\"_ _5\"></span>singoli <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>qualora alla scadenza delle co<span class=\"_ _3\"></span>ncessioni venga riconosciuto al gest<span class=\"_ _3\"></span>ore uscente un valore <span class=\"_ _3\"></span>di indennizzo (Vir)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span>L\u2019ammortamento di tali diritti<span class=\"_ _3\"></span> viene effettuato in base alla vita <span class=\"_ _3\"></span>economico<span class=\"_ _5\"></span><span class=\"ff1\">-tecnica dei singoli beni, anche a fronte delle<span class=\"_ _3\"></span> </span>normative di r<span class=\"_ _5\"></span>iferimento che prevedono<span class=\"_ _5\"></span>, in <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>cambio del <span class=\"_ _5\"></span>gestore del servizio<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>un indennizzo al <span class=\"_ _5\"></span>gestore uscente<span class=\"_ _75\"> </span>pari al <span class=\"_ _5\"></span>Valore industriale residuo (<span class=\"_ _5\"></span>Vir) per i <span class=\"_ _5\"></span>beni realizzati <span class=\"_ _5\"></span>in regime di <span class=\"_ _5\"></span>propriet\u00e0, o <span class=\"_ _5\"></span>al Valore netto <span class=\"_ _5\"></span>contabile (Vnc) per i beni realizzati in regime<span class=\"_ _3\"></span> di contratto di affi<span class=\"_ _3\"></span>tto di ramo d\u2019aziend<span class=\"_ _3\"></span>a.<span class=\"_ _75\"> </span>Di seguito sono riporta<span class=\"_ _3\"></span>te le aliquote utilizza<span class=\"_ _3\"></span>te per l\u2019ammortamento <span class=\"_ _3\"></span>delle attivit\u00e0 immateriali:<span class=\"_ _75\"> </span>CATEGORIA ALIQUOTE Applicativi informati<span class=\"_ _3\"></span>ci 20,0% Brevetti e marchi<span class=\"_ _3\"></span> 10,0% Fabbricati in conce<span class=\"_ _3\"></span>ssione 1,8% - 3,5%<span class=\"_ _75\"> </span>Impianti di distribuzio<span class=\"_ _3\"></span>ne in concession<span class=\"_ _3\"></span>e 1,8% - 10,0% Altri impianti in c<span class=\"_ _3\"></span>oncessione 2,5% - 12,5% Attrezzature in c<span class=\"_ _3\"></span>oncessione 12,5%<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "In<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> im<span class=\"_ _1\"></span>mo<span class=\"_ _3\"></span>bi<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ri<span class=\"ff1\"> <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff1\"> P<span class=\"_ _3\"></span>er <span class=\"_ _5\"></span>la valutazione degli <span class=\"_ _5\"></span>investimenti immobiliari \u00e8 stato <span class=\"_ _7\"></span>adottato il <span class=\"_ _5\"></span>criterio del <span class=\"_ _5\"></span>costo. I beni </span></span></span>risultano <span class=\"_ _6\"></span>quindi <span class=\"_ _6\"></span>iscritt<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>osto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizi<span class=\"_ _3\"></span>one, <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>ammor<span class=\"_ _3\"></span>tamenti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>rdite <span class=\"_ _6\"></span>di valore. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-442": {
   "value": "D<span class=\"_ _3\"></span>ir<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d\u2019u<span class=\"_ _1\"></span>so<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff3 fc1c\"> <span class=\"ff1 fc1\">Il diritto di utilizzo <span class=\"_ _3\"></span>su un bene o un servizio <span class=\"_ _3\"></span>\u00e8 valutato dal Gr<span class=\"_ _3\"></span>uppo inizialmente al c<span class=\"_ _3\"></span>osto.<span class=\"_ _7\"></span> </span></span></span></span>Le componenti d<span class=\"_ _5\"></span>i service eventualmente presenti nel <span class=\"_ _5\"></span>contratto sono escluse <span class=\"_ _5\"></span>dalle proiezioni dei p<span class=\"_ _5\"></span>agamenti futuri per il leasing e contabiliz<span class=\"_ _3\"></span>zate separatamente tr<span class=\"_ _3\"></span>a i costi operativi second<span class=\"_ _3\"></span>o una ripartizione lineare<span class=\"_ _3\"></span>.<span class=\"_ _7\"></span> Dopo <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>rilevazione <span class=\"_ _e\"> </span>iniziale <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>diritto <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>ridotto <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>ammortamenti <span class=\"_ _e\"> </span>accumulati <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>riduzioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i valore, nonch\u00e9 rettifi<span class=\"_ _3\"></span>cato per tener conto di e<span class=\"_ _3\"></span>ventuali rideterminazioni<span class=\"_ _3\"></span> della passivit\u00e0 del l<span class=\"_ _3\"></span>easing. <span class=\"_ _5\"></span> P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013</span> <span class=\"_ _5\"></span><span class=\"ff1\">Alla data <span class=\"_ _5\"></span>di decorrenza <span class=\"_ _5\"></span>del contratto, l<span class=\"_ _5\"></span>a passivit\u00e0 per <span class=\"_ _5\"></span>leasing \u00e8 <span class=\"_ _5\"></span>calcolata come <span class=\"_ _5\"></span>valore attuale </span>dei pagamenti dovuti<span class=\"_ _3\"></span>, attualizzati utilizza<span class=\"_ _3\"></span>ndo il tasso di finanziam<span class=\"_ _3\"></span>ento marginale.<span class=\"_ _75\"> </span>T<span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>va<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>or<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>ra<span class=\"_ _1\"></span>ppr<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>il<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>t<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>med<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>cu<span class=\"_ _3\"></span>i <span class=\"_ _d\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Gr<span class=\"_ _3\"></span>up<span class=\"_ _1\"></span>po <span class=\"_ _d\"> </span>si<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>ind<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ita<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>di<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nto<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>pe<span class=\"_ _3\"></span>r <span class=\"_ _d\"> </span>sc<span class=\"_ _1\"></span>ade<span class=\"_ _1\"></span>nze<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>con<span class=\"_ _1\"></span>tr<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ual<span class=\"_ _3\"></span>i.<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>\u00c8 <span class=\"_ _d\"> </span>de<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>nat<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> an<span class=\"_ _3\"></span>nu<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e in<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>se<span class=\"_ _1\"></span>de di<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>bu<span class=\"_ _1\"></span>dg<span class=\"_ _3\"></span>et<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>su<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ba<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>e d<span class=\"_ _3\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>da<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>co<span class=\"_ _1\"></span>nsu<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span> deg<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> es<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>zi p<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>ced<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e vi<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ap<span class=\"_ _1\"></span>pl<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>o ai<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>rat<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> sti<span class=\"_ _1\"></span>pul<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> da<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>1\u00b0<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>g<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>og<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>s<span class=\"_ _3\"></span>uc<span class=\"_ _3\"></span>ce<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>vo.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>V<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e <span class=\"_ _7\"></span>ag<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>orn<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>ne<span class=\"_ _1\"></span>l <span class=\"_ _5\"></span>cor<span class=\"_ _3\"></span>so<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>per<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>do<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>nel<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _1\"></span>aso<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>si <span class=\"_ _5\"></span>ve<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>fi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>ino<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>deg<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>sh<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ck<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> na<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>ra <span class=\"_ _6\"></span>s<span class=\"_ _3\"></span>ig<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>s<span class=\"_ _3\"></span>ul<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>ta<span class=\"_ _1\"></span>sso<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>me<span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _3\"></span>o.<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>P<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>con<span class=\"_ _1\"></span>tr<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>co<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>du<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>su<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ro<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>an<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il<span class=\"_ _3\"></span> G<span class=\"_ _3\"></span>ru<span class=\"_ _3\"></span>pp<span class=\"_ _1\"></span>o u<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za <span class=\"_ _3\"></span>il<span class=\"_ _1\"></span> ta<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> in<span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>a m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o l<span class=\"_ _3\"></span>un<span class=\"_ _1\"></span>go <span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e, <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>tr<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>con<span class=\"_ _3\"></span>tr<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> du<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>i o<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>nfe<span class=\"_ _1\"></span>rio<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ai<span class=\"_ _1\"></span> q<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ro <span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>i vi<span class=\"_ _1\"></span>ene<span class=\"_ _3\"></span> a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o i<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _1\"></span>o a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>br<span class=\"_ _1\"></span>eve<span class=\"_ _3\"></span> t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e e<span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>ui<span class=\"_ _1\"></span>val<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>te.<span class=\"_ _1\"></span><span class=\"ff3\"> </span>C<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>le<span class=\"_ _1\"></span>asi<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _6\"></span><span class=\"ff1\">Sono <span class=\"_ _5\"></span>iscritti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>con <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>criterio <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>costanti <span class=\"_ _7\"></span>come <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>neri <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>canoni </span>riferiti <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>contratti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>leasing <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>oggetto <span class=\"_ _6\"></span>beni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>modesto <span class=\"_ _7\"></span>va<span class=\"_ _5\"></span>lore <span class=\"_ _7\"></span>(low<span class=\"_ _7\"></span>-value <span class=\"_ _6\"></span>asset) <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>urata <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>pari <span class=\"_ _6\"></span>o inferiore <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>12 <span class=\"_ _e\"></span>mesi <span class=\"_ _e\"></span>(short-term <span class=\"_ _e\"></span>lease). <span class=\"_ _e\"></span>Il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>h<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>ssato <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>10<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>mila <span class=\"_ _6\"></span>euro <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>soglia <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>ritenere <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>singolo <span class=\"_ _e\"></span>bene<span class=\"_ _3\"></span> sottostante come di m<span class=\"_ _3\"></span>odesto valore. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> im<span class=\"_ _1\"></span>ma<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e a<span class=\"_ _3\"></span>vv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>o <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"ff1 ls10\">Le <span class=\"_ _5\"></span><span class=\"ls0\">attivit\u00e0 imma<span class=\"_ _5\"></span>teriali identificabili e <span class=\"_ _5\"></span>controllabili<span class=\"_ _5\"></span> sono <span class=\"_ _5\"></span>rilevate al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>e, qualora </span></span></span></span>a <span class=\"_ _2\"> </span>vita <span class=\"_ _2\"> </span>u<span class=\"_ _5\"></span>tile <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>efinita, <span class=\"_ _8\"> </span>s<span class=\"_ _5\"></span>ono <span class=\"_ _2\"> </span>ammortizzate <span class=\"_ _2\"> </span>sistematicame<span class=\"_ _3\"></span>nte <span class=\"_ _2\"> </span>lungo <span class=\"_ _2\"> </span>il <span class=\"_ _1d\"> </span>perio<span class=\"_ _3\"></span>do <span class=\"_ _2\"> </span>della <span class=\"_ _1d\"> </span>stima<span class=\"_ _3\"></span>ta <span class=\"_ _2\"> </span>vita <span class=\"_ _1d\"> </span>utile <span class=\"_ _8\"> </span>stessa. L\u2019ammortamento decorre <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>momento in <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>l\u2019immobilizzazione \u00e8 <span class=\"_ _5\"></span>pronta <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019utilizzo, o <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>omunq<span class=\"_ _3\"></span>ue <span class=\"_ _5\"></span>inizia <span class=\"_ _5\"></span>a p<span class=\"_ _5\"></span>rodurre benefici  e<span class=\"_ _3\"></span>conomici  p<span class=\"_ _3\"></span>er  il <span class=\"_ _f\"> </span>Gruppo. <span class=\"_ _f\"> </span>Le  immobilizzazio<span class=\"_ _3\"></span>ni  in <span class=\"_ _f\"> </span>corso  compre<span class=\"_ _3\"></span>ndono  i <span class=\"_ _f\"> </span>costi  relati<span class=\"_ _3\"></span>vi  a <span class=\"_ _f\"> </span>immobilizzazioni immateriali  per  le  qu<span class=\"_ _3\"></span>ali  non  ha  ancor<span class=\"_ _3\"></span>a  avuto  inizio  il  proc<span class=\"_ _3\"></span>esso  di  utilizzazion<span class=\"_ _3\"></span>e  economica.  Qualora<span class=\"_ _3\"></span>  le  attivit\u00e0 immateriali  s<span class=\"_ _5\"></span>iano <span class=\"_ _4\"> </span>invece <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>vita  u<span class=\"_ _5\"></span>tile <span class=\"_ _4\"> </span>indefinita, <span class=\"_ _4\"> </span>le <span class=\"_ _10\"> </span>stesse  sono <span class=\"_ _10\"> </span>assoggettate  non <span class=\"_ _10\"> </span>ad  ammortamento, <span class=\"_ _4\"> </span>bens\u00ec <span class=\"_ _4\"> </span>a impairment test ann<span class=\"_ _3\"></span>uale anche in assenza di<span class=\"_ _3\"></span> indicatori che segn<span class=\"_ _3\"></span>alino perdite di valore.<span class=\"_ _5\"></span> Le <span class=\"_ _6\"></span>concessioni <span class=\"_ _7\"></span>sono<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ostituite <span class=\"_ _7\"></span>principalmente <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>diritti <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>dotazioni <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>riferiscono <span class=\"_ _6\"></span>ai servizi <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>ciclo <span class=\"_ _7\"></span>idrico <span class=\"_ _6\"></span>integrato<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dati <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>estione <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>funzionali <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>gestio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>tali <span class=\"_ _7\"></span>servizi. <span class=\"_ _6\"></span>Ta<span class=\"_ _3\"></span>li concessioni <span class=\"_ _c\"> </span>risultavano <span class=\"_ _22\"> </span>classificate <span class=\"_ _c\"> </span>nelle <span class=\"_ _22\"> </span>immobilizzazioni <span class=\"_ _c\"> </span>immateriali <span class=\"_ _22\"> </span>anche <span class=\"_ _c\"> </span>antecedentemente <span class=\"_ _c\"> </span>alla <span class=\"_ _22\"> </span>prima applicazione dell\u2019inte<span class=\"_ _3\"></span>rpretazione Ifric 12 <span class=\"ff1\">- Accordi per servizi in c<span class=\"_ _3\"></span>oncessione. </span>Gli  ammortame<span class=\"_ _3\"></span>nti  delle <span class=\"_ _f\"> </span>concessioni  sono <span class=\"_ _f\"> </span>calcolati  in  ba<span class=\"_ _3\"></span>se  a  qu<span class=\"_ _3\"></span>anto  previsto <span class=\"_ _f\"> </span>nelle  rispettive <span class=\"_ _f\"> </span>convenzioni  e  i<span class=\"_ _3\"></span>n particolare: <span class=\"_ _6\"></span>i) <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>misura <span class=\"_ _6\"></span>costa<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vi<span class=\"_ _3\"></span>ta <span class=\"_ _6\"></span>economico<span class=\"_ _7\"></span>-tecnica <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>ben<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>concessi <span class=\"_ _7\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>durata<span class=\"_ _3\"></span> della <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>mede<span class=\"_ _3\"></span>sima, <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>lora <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>scadenza <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>stessa <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>venga <span class=\"_ _6\"></span>riconosci<span class=\"_ _3\"></span>uto <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>gestore <span class=\"_ _6\"></span>usce<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lcu<span class=\"_ _3\"></span>n<span class=\"_ _75\"> </span> valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>indennizzo (Valore <span class=\"_ _5\"></span>industriale <span class=\"_ _5\"></span>residuo o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Vir); <span class=\"_ _5\"></span>ii) in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>economico<span class=\"_ _7\"></span>-tecnica dei <span class=\"_ _5\"></span>singoli <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>qualora alla scadenza delle co<span class=\"_ _3\"></span>ncessioni venga riconosciuto al gest<span class=\"_ _3\"></span>ore uscente un valore <span class=\"_ _3\"></span>di indennizzo (Vir)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span> I <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>pubbli<span class=\"_ _3\"></span>ci <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>ricomprend<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>diritti <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _7\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>dotazioni <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>servizi <span class=\"_ _6\"></span>gas, <span class=\"_ _7\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato, energia elettrica <span class=\"_ _5\"></span>(con l<span class=\"_ _5\"></span>a sola <span class=\"_ _5\"></span>esclusione dei <span class=\"_ _5\"></span>beni afferenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>territorio di <span class=\"_ _5\"></span>Modena, classificati tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>be<span class=\"_ _6\"></span>ni in <span class=\"_ _7\"></span>propriet\u00e0 <span class=\"_ _7\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>forza <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>rel<span class=\"_ _3\"></span>ativa <span class=\"_ _7\"></span>acquisizione) <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>pu<span class=\"_ _3\"></span>bblica <span class=\"_ _7\"></span>illuminazione <span class=\"_ _7\"></span>(salvo <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>questi <span class=\"_ _5\"></span>ultimi <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>nto <span class=\"_ _7\"></span>evidenziato nella <span class=\"_ _5\"></span>successiva <span class=\"_ _7\"></span>nota <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>descrizione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>app<span class=\"_ _5\"></span>licati <span class=\"_ _5\"></span>relativamente <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>\u201cCrediti <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d),<span class=\"_ _3\"></span> connessi <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ervizi <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>gestione <span class=\"_ _8\"> </span>al <span class=\"_ _10\"> </span>Gruppo. <span class=\"_ _10\"> </span>Tali <span class=\"_ _8\"> </span>ra<span class=\"_ _3\"></span>pporti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>conta<span class=\"_ _3\"></span>bilizzati <span class=\"_ _10\"> </span>applicando <span class=\"_ _10\"> </span>il <span class=\"_ _8\"> </span>modello <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> immateriale <span class=\"_ _e\"> </span>previsto <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>all\u2019interpretazio<span class=\"_ _3\"></span>ne <span class=\"_ _d\"> </span>Ifric <span class=\"_ _e\"> </span>12, <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>ritenuto <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"> </span>concessori <span class=\"_ _d\"> </span>sottostanti <span class=\"_ _e\"> </span>non garantissero <span class=\"_ _6\"></span>l\u2019esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"> </span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>concessionario <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>contanti, <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 finanziarie. <span class=\"_ _d\"> </span>Sono <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _d\"> </span>come <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>clienti <span class=\"_ _d\"> </span>i <span class=\"_ _f\"> </span>servizi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _e\"> </span>e miglioria <span class=\"_ _5\"></span>svolti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>concedente. <span class=\"_ _5\"></span>Dal <span class=\"_ _5\"></span>momento <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>gran <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>appaltati <span class=\"_ _5\"></span>esternamente e <span class=\"_ _7\"></span>che sulle <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _d\"> </span>svolte <span class=\"_ _f\"> </span>internamente <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>individuabile <span class=\"_ _d\"> </span>separatamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>margine <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>commessa <span class=\"_ _d\"> </span>dai benefici <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>tariffa <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>remunerazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio, <span class=\"_ _6\"></span>ta<span class=\"_ _5\"></span>li <span class=\"_ _6\"></span>infrastrutture <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>su<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi effettivamente soste<span class=\"_ _3\"></span>nuti. Tale <span class=\"_ _7\"></span>categoria <span class=\"_ _7\"></span>ricomprende <span class=\"_ _7\"></span>inoltre <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>est<span class=\"_ _3\"></span>ensioni <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>ammodernamenti <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>infrastrutture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>ropriet\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 patrimoniali <span class=\"_ _5\"></span>(cosiddette <span class=\"_ _7\"></span>s<span class=\"ff5\">ociet\u00e0 <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>asset, <span class=\"_ _7\"></span>costituite <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _5\"></span>dell<span class=\"_ _5\"></span>\u2019art. <span class=\"_ _5\"></span>113 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>D.Lgs. <span class=\"_ _5\"></span>267/00),<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>gestite <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>in forza <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ffitto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ramo <span class=\"_ _f\"> </span>d\u2019azienda. <span class=\"_ _e\"> </span>Tali <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>ontratti, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fissare <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>corrispettivi <span class=\"_ _d\"> </span>dovuti, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>anche clausole <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>restituzione <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>beni, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>normale <span class=\"_ _10\"> </span>stato <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>manutenzione, <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ietro <span class=\"_ _4\"> </span>corresponsione <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>conguaglio corrispondente <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>netto <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontabile <span class=\"_ _6\"></span>degli <span class=\"_ _e\"> </span>stessi <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>industriale <span class=\"_ _6\"></span>residuo <span class=\"_ _e\"></span>(tenuto <span class=\"_ _e\"></span>conto <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>fondi ripristino). L\u2019ammortamento di tali diritti<span class=\"_ _3\"></span> viene effettuato in base alla vita <span class=\"_ _3\"></span>economico<span class=\"_ _5\"></span><span class=\"ff1\">-tecnica dei singoli beni, anche a fronte delle<span class=\"_ _3\"></span> </span>normative di r<span class=\"_ _5\"></span>iferimento che prevedono<span class=\"_ _5\"></span>, in <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>cambio del <span class=\"_ _5\"></span>gestore del servizio<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>un indennizzo al <span class=\"_ _5\"></span>gestore uscente<span class=\"_ _75\"> </span>pari al <span class=\"_ _5\"></span>Valore industriale residuo (<span class=\"_ _5\"></span>Vir) per i <span class=\"_ _5\"></span>beni realizzati <span class=\"_ _5\"></span>in regime di <span class=\"_ _5\"></span>propriet\u00e0, o <span class=\"_ _5\"></span>al Valore netto <span class=\"_ _5\"></span>contabile (Vnc) per i beni realizzati in regime<span class=\"_ _3\"></span> di contratto di affi<span class=\"_ _3\"></span>tto di ramo d\u2019aziend<span class=\"_ _3\"></span>a.<span class=\"_ _75\"> </span>Le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>immateriali <span class=\"_ _7\"></span>rilevate <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>un\u2019aggrega<span class=\"_ _3\"></span>zione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>iscritt<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>separatamente <span class=\"_ _7\"></span>dall\u2019avviamento se <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>loro <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>determinato <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odo <span class=\"_ _7\"></span>attendibile <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>ammortizzate <span class=\"_ _7\"></span>lungo <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>ita <span class=\"_ _7\"></span>utile <span class=\"_ _7\"></span>stimata <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>sede <span class=\"_ _7\"></span>di acquisizione. La attivit\u00e0 immateriali sono esposte a<span class=\"_ _5\"></span>l lordo dei contributi in conto impianti che sono rilevati a conto economico lungo<span class=\"_ _3\"></span> il <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>necessario <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>correlarli <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>relativi <span class=\"_ _e\"></span>costi; <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>situazione <span class=\"_ _e\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>rappresentati iscrivendo il contri<span class=\"_ _3\"></span>buto come ricavo differit<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> Di seguito sono riporta<span class=\"_ _3\"></span>te le aliquote utilizza<span class=\"_ _3\"></span>te per l\u2019ammortamento <span class=\"_ _3\"></span>delle attivit\u00e0 immateriali:<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span>CATEGORIA ALIQUOTE Applicativi informati<span class=\"_ _3\"></span>ci 20,0% Brevetti e marchi<span class=\"_ _3\"></span> 10,0% Fabbricati in conce<span class=\"_ _3\"></span>ssione 1,8% - 3,5%<span class=\"_ _75\"> </span> Impianti di distribuzio<span class=\"_ _3\"></span>ne in concession<span class=\"_ _3\"></span>e 1,8% - 10,0% Altri impianti in c<span class=\"_ _3\"></span>oncessione 2,5% - 12,5% Attrezzature in c<span class=\"_ _3\"></span>oncessione 12,5%<span class=\"_ _75\"> </span>Tale <span class=\"_ _e\"></span>riserva <span class=\"_ _e\"></span>viene <span class=\"_ _6\"></span>successivamente <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ilevata <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>manifestazione <span class=\"_ _6\"></span>economica <span class=\"_ _e\"></span>del sottostante <span class=\"_ _7\"></span>oggetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>copertura. <span class=\"_ _7\"></span>La <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fai<span class=\"_ _3\"></span>r <span class=\"_ _7\"></span>value<span class=\"_ _5\"></span><span class=\"ff16\"> <span class=\"_ _6\"></span></span>riferibile <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>porzione <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>efficace <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>immediatamente rilevata <span class=\"ls10\">ne</span>l conto e<span class=\"_ _3\"></span>conomico di period<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span>Qualora <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>verificarsi <span class=\"_ _4\"> </span>dell\u2019operazione <span class=\"_ _10\"> </span>sottostante <span class=\"_ _4\"> </span>n<span class=\"_ _5\"></span>on <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>considera<span class=\"_ _3\"></span>ta <span class=\"_ _10\"> </span>altamente <span class=\"_ _10\"> </span>probabile, <span class=\"_ _4\"> </span>o <span class=\"_ _10\"> </span>non <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 dimostrabile <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>lazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>corrispondente <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>\u201cRiserva <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutati <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value\u201d viene immediatamente<span class=\"_ _3\"></span> riversata a conto eco<span class=\"_ _3\"></span>nomico. Qualora, <span class=\"_ _5\"></span>invece, l<span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>strumento der<span class=\"_ _5\"></span>ivato sia <span class=\"_ _5\"></span>ceduto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>pertanto <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>qualifichi <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>copertura <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>rischio e<span class=\"_ _5\"></span>fficac<span class=\"_ _3\"></span>e a fronte del quale l\u2019o<span class=\"_ _3\"></span>perazione era stata <span class=\"_ _3\"></span>posta in essere, la quota di \u201cR<span class=\"_ _3\"></span>iserva strumenti deriv<span class=\"_ _3\"></span>ati valutati al fair value\u201d a<span class=\"_ _1\"></span> esso relativa viene ma<span class=\"_ _3\"></span>ntenuta sino a quando n<span class=\"_ _3\"></span>on si manifestano<span class=\"_ _3\"></span> gli effetti economici del <span class=\"_ _3\"></span>contratto sottostante.<span class=\"_ _5\"></span> Il Gruppo, laddove n<span class=\"_ _3\"></span>e sussistano i requi<span class=\"_ _3\"></span>siti, applica la fair valu<span class=\"_ _3\"></span>e option.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-443": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> im<span class=\"_ _1\"></span>ma<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e a<span class=\"_ _3\"></span>vv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>o <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"ff1 ls10\">Le <span class=\"_ _5\"></span><span class=\"ls0\">attivit\u00e0 imma<span class=\"_ _5\"></span>teriali identificabili e <span class=\"_ _5\"></span>controllabili<span class=\"_ _5\"></span> sono <span class=\"_ _5\"></span>rilevate al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>e, qualora </span></span></span></span>a <span class=\"_ _2\"> </span>vita <span class=\"_ _2\"> </span>u<span class=\"_ _5\"></span>tile <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>efinita, <span class=\"_ _8\"> </span>s<span class=\"_ _5\"></span>ono <span class=\"_ _2\"> </span>ammortizzate <span class=\"_ _2\"> </span>sistematicame<span class=\"_ _3\"></span>nte <span class=\"_ _2\"> </span>lungo <span class=\"_ _2\"> </span>il <span class=\"_ _1d\"> </span>perio<span class=\"_ _3\"></span>do <span class=\"_ _2\"> </span>della <span class=\"_ _1d\"> </span>stima<span class=\"_ _3\"></span>ta <span class=\"_ _2\"> </span>vita <span class=\"_ _1d\"> </span>utile <span class=\"_ _8\"> </span>stessa. L\u2019ammortamento decorre <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>momento in <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>l\u2019immobilizzazione \u00e8 <span class=\"_ _5\"></span>pronta <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019utilizzo, o <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>omunq<span class=\"_ _3\"></span>ue <span class=\"_ _5\"></span>inizia <span class=\"_ _5\"></span>a p<span class=\"_ _5\"></span>rodurre benefici  e<span class=\"_ _3\"></span>conomici  p<span class=\"_ _3\"></span>er  il <span class=\"_ _f\"> </span>Gruppo. <span class=\"_ _f\"> </span>Le  immobilizzazio<span class=\"_ _3\"></span>ni  in <span class=\"_ _f\"> </span>corso  compre<span class=\"_ _3\"></span>ndono  i <span class=\"_ _f\"> </span>costi  relati<span class=\"_ _3\"></span>vi  a <span class=\"_ _f\"> </span>immobilizzazioni immateriali  per  le  qu<span class=\"_ _3\"></span>ali  non  ha  ancor<span class=\"_ _3\"></span>a  avuto  inizio  il  proc<span class=\"_ _3\"></span>esso  di  utilizzazion<span class=\"_ _3\"></span>e  economica.  Qualora<span class=\"_ _3\"></span>  le  attivit\u00e0 immateriali  s<span class=\"_ _5\"></span>iano <span class=\"_ _4\"> </span>invece <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>vita  u<span class=\"_ _5\"></span>tile <span class=\"_ _4\"> </span>indefinita, <span class=\"_ _4\"> </span>le <span class=\"_ _10\"> </span>stesse  sono <span class=\"_ _10\"> </span>assoggettate  non <span class=\"_ _10\"> </span>ad  ammortamento, <span class=\"_ _4\"> </span>bens\u00ec <span class=\"_ _4\"> </span>a impairment test ann<span class=\"_ _3\"></span>uale anche in assenza di<span class=\"_ _3\"></span> indicatori che segn<span class=\"_ _3\"></span>alino perdite di valore.<span class=\"_ _5\"></span> Le <span class=\"_ _6\"></span>concessioni <span class=\"_ _7\"></span>sono<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ostituite <span class=\"_ _7\"></span>principalmente <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>diritti <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>dotazioni <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>riferiscono <span class=\"_ _6\"></span>ai servizi <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>ciclo <span class=\"_ _7\"></span>idrico <span class=\"_ _6\"></span>integrato<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dati <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>estione <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>funzionali <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>gestio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>tali <span class=\"_ _7\"></span>servizi. <span class=\"_ _6\"></span>Ta<span class=\"_ _3\"></span>li concessioni <span class=\"_ _c\"> </span>risultavano <span class=\"_ _22\"> </span>classificate <span class=\"_ _c\"> </span>nelle <span class=\"_ _22\"> </span>immobilizzazioni <span class=\"_ _c\"> </span>immateriali <span class=\"_ _22\"> </span>anche <span class=\"_ _c\"> </span>antecedentemente <span class=\"_ _c\"> </span>alla <span class=\"_ _22\"> </span>prima applicazione dell\u2019inte<span class=\"_ _3\"></span>rpretazione Ifric 12 <span class=\"ff1\">- Accordi per servizi in c<span class=\"_ _3\"></span>oncessione. </span>Gli  ammortame<span class=\"_ _3\"></span>nti  delle <span class=\"_ _f\"> </span>concessioni  sono <span class=\"_ _f\"> </span>calcolati  in  ba<span class=\"_ _3\"></span>se  a  qu<span class=\"_ _3\"></span>anto  previsto <span class=\"_ _f\"> </span>nelle  rispettive <span class=\"_ _f\"> </span>convenzioni  e  i<span class=\"_ _3\"></span>n particolare: <span class=\"_ _6\"></span>i) <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>misura <span class=\"_ _6\"></span>costa<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vi<span class=\"_ _3\"></span>ta <span class=\"_ _6\"></span>economico<span class=\"_ _7\"></span>-tecnica <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>ben<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>concessi <span class=\"_ _7\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>durata<span class=\"_ _3\"></span> della <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>mede<span class=\"_ _3\"></span>sima, <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>lora <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>scadenza <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>stessa <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>venga <span class=\"_ _6\"></span>riconosci<span class=\"_ _3\"></span>uto <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>gestore <span class=\"_ _6\"></span>usce<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lcu<span class=\"_ _3\"></span>n<span class=\"_ _75\"> </span> valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>indennizzo (Valore <span class=\"_ _5\"></span>industriale <span class=\"_ _5\"></span>residuo o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Vir); <span class=\"_ _5\"></span>ii) in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>economico<span class=\"_ _7\"></span>-tecnica dei <span class=\"_ _5\"></span>singoli <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>qualora alla scadenza delle co<span class=\"_ _3\"></span>ncessioni venga riconosciuto al gest<span class=\"_ _3\"></span>ore uscente un valore <span class=\"_ _3\"></span>di indennizzo (Vir)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span> I <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>pubbli<span class=\"_ _3\"></span>ci <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>ricomprend<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>diritti <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _7\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>dotazioni <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>servizi <span class=\"_ _6\"></span>gas, <span class=\"_ _7\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato, energia elettrica <span class=\"_ _5\"></span>(con l<span class=\"_ _5\"></span>a sola <span class=\"_ _5\"></span>esclusione dei <span class=\"_ _5\"></span>beni afferenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>territorio di <span class=\"_ _5\"></span>Modena, classificati tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>be<span class=\"_ _6\"></span>ni in <span class=\"_ _7\"></span>propriet\u00e0 <span class=\"_ _7\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>forza <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>rel<span class=\"_ _3\"></span>ativa <span class=\"_ _7\"></span>acquisizione) <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>pu<span class=\"_ _3\"></span>bblica <span class=\"_ _7\"></span>illuminazione <span class=\"_ _7\"></span>(salvo <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>questi <span class=\"_ _5\"></span>ultimi <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>nto <span class=\"_ _7\"></span>evidenziato nella <span class=\"_ _5\"></span>successiva <span class=\"_ _7\"></span>nota <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>descrizione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>app<span class=\"_ _5\"></span>licati <span class=\"_ _5\"></span>relativamente <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>\u201cCrediti <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d),<span class=\"_ _3\"></span> connessi <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ervizi <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>gestione <span class=\"_ _8\"> </span>al <span class=\"_ _10\"> </span>Gruppo. <span class=\"_ _10\"> </span>Tali <span class=\"_ _8\"> </span>ra<span class=\"_ _3\"></span>pporti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>conta<span class=\"_ _3\"></span>bilizzati <span class=\"_ _10\"> </span>applicando <span class=\"_ _10\"> </span>il <span class=\"_ _8\"> </span>modello <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> immateriale <span class=\"_ _e\"> </span>previsto <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>all\u2019interpretazio<span class=\"_ _3\"></span>ne <span class=\"_ _d\"> </span>Ifric <span class=\"_ _e\"> </span>12, <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>ritenuto <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"> </span>concessori <span class=\"_ _d\"> </span>sottostanti <span class=\"_ _e\"> </span>non garantissero <span class=\"_ _6\"></span>l\u2019esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"> </span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>concessionario <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>contanti, <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 finanziarie. <span class=\"_ _d\"> </span>Sono <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _d\"> </span>come <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>clienti <span class=\"_ _d\"> </span>i <span class=\"_ _f\"> </span>servizi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _e\"> </span>e miglioria <span class=\"_ _5\"></span>svolti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>concedente. <span class=\"_ _5\"></span>Dal <span class=\"_ _5\"></span>momento <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>gran <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>appaltati <span class=\"_ _5\"></span>esternamente e <span class=\"_ _7\"></span>che sulle <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _d\"> </span>svolte <span class=\"_ _f\"> </span>internamente <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>individuabile <span class=\"_ _d\"> </span>separatamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>margine <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>commessa <span class=\"_ _d\"> </span>dai benefici <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>tariffa <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>remunerazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio, <span class=\"_ _6\"></span>ta<span class=\"_ _5\"></span>li <span class=\"_ _6\"></span>infrastrutture <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>su<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi effettivamente soste<span class=\"_ _3\"></span>nuti. Tale <span class=\"_ _7\"></span>categoria <span class=\"_ _7\"></span>ricomprende <span class=\"_ _7\"></span>inoltre <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>est<span class=\"_ _3\"></span>ensioni <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>ammodernamenti <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>infrastrutture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>ropriet\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 patrimoniali <span class=\"_ _5\"></span>(cosiddette <span class=\"_ _7\"></span>s<span class=\"ff5\">ociet\u00e0 <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>asset, <span class=\"_ _7\"></span>costituite <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _5\"></span>dell<span class=\"_ _5\"></span>\u2019art. <span class=\"_ _5\"></span>113 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>D.Lgs. <span class=\"_ _5\"></span>267/00),<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>gestite <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>in forza <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ffitto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ramo <span class=\"_ _f\"> </span>d\u2019azienda. <span class=\"_ _e\"> </span>Tali <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>ontratti, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fissare <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>corrispettivi <span class=\"_ _d\"> </span>dovuti, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>anche clausole <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>restituzione <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>beni, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>normale <span class=\"_ _10\"> </span>stato <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>manutenzione, <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ietro <span class=\"_ _4\"> </span>corresponsione <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>conguaglio corrispondente <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>netto <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontabile <span class=\"_ _6\"></span>degli <span class=\"_ _e\"> </span>stessi <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>industriale <span class=\"_ _6\"></span>residuo <span class=\"_ _e\"></span>(tenuto <span class=\"_ _e\"></span>conto <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>fondi ripristino). L\u2019ammortamento di tali diritti<span class=\"_ _3\"></span> viene effettuato in base alla vita <span class=\"_ _3\"></span>economico<span class=\"_ _5\"></span><span class=\"ff1\">-tecnica dei singoli beni, anche a fronte delle<span class=\"_ _3\"></span> </span>normative di r<span class=\"_ _5\"></span>iferimento che prevedono<span class=\"_ _5\"></span>, in <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>cambio del <span class=\"_ _5\"></span>gestore del servizio<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>un indennizzo al <span class=\"_ _5\"></span>gestore uscente<span class=\"_ _75\"> </span><div class=\"c w2 h0 gs28\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">pari al <span class=\"_ _5\"></span>Valore industriale residuo (<span class=\"_ _5\"></span>Vir) per i <span class=\"_ _5\"></span>beni realizzati <span class=\"_ _5\"></span>in regime di <span class=\"_ _5\"></span>propriet\u00e0, o <span class=\"_ _5\"></span>al Valore netto <span class=\"_ _5\"></span>contabile (Vnc) per </div><div class=\"t m0 x1b h3 y173 ff5 fs1 fc1 sc0 ls0 ws0\">i beni realizzati in regime<span class=\"_ _3\"></span> di contratto di affi<span class=\"_ _3\"></span>tto di ramo d\u2019aziend<span class=\"_ _3\"></span>a.<span class=\"_ _75\"> </span> <span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y175 ff5 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>immateriali <span class=\"_ _7\"></span>rilevate <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>un\u2019aggrega<span class=\"_ _3\"></span>zione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>iscritt<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>separatamente <span class=\"_ _7\"></span>dall\u2019avviamento </div><div class=\"t m0 x1b h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\">se <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>loro <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>determinato <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odo <span class=\"_ _7\"></span>attendibile <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>ammortizzate <span class=\"_ _7\"></span>lungo <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>ita <span class=\"_ _7\"></span>utile <span class=\"_ _7\"></span>stimata <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>sede <span class=\"_ _7\"></span>di </div><div class=\"t m0 x1b h3 y177 ff1 fs1 fc1 sc0 ls0 ws0\">acquisizione. </div><div class=\"t m0 x1b h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y179 ff1 fs1 fc1 sc0 ls0 ws0\">La attivit\u00e0 immateriali sono esposte a<span class=\"_ _5\"></span>l lordo dei contributi in conto impianti che sono rilevati a conto economico lungo<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y17a ff1 fs1 fc1 sc0 ls0 ws0\">il <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>necessario <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>correlarli <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>relativi <span class=\"_ _e\"></span>costi; <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>situazione <span class=\"_ _e\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>rappresentati </div><div class=\"t m0 x1b h3 y17b ff1 fs1 fc1 sc0 ls0 ws0\">iscrivendo il contri<span class=\"_ _3\"></span>buto come ricavo differit<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y17c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y17d ff5 fs1 fc1 sc0 ls0 ws0\">Di seguito sono riporta<span class=\"_ _3\"></span>te le aliquote utilizza<span class=\"_ _3\"></span>te per l\u2019ammortamento <span class=\"_ _3\"></span>delle attivit\u00e0 immateriali:<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y17e ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w153 h3c gs29\"><div class=\"t m0 x0 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">CATEGORIA </div></div><div class=\"c w115 h3c gs2a\"><div class=\"t m0 x19 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">ALIQUOTE </div></div><div class=\"c w153 h3c gs2b\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Applicativi informati<span class=\"_ _3\"></span>ci </div></div><div class=\"c w115 h3c gs2c\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">20,0% </div></div><div class=\"c w153 h3c gs2d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Brevetti e marchi<span class=\"_ _3\"></span> </div></div><div class=\"c w115 h3c gs2e\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">10,0% </div></div><div class=\"c w153 h3c gs2f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fabbricati in conce<span class=\"_ _3\"></span>ssione </div></div><div class=\"c w115 h3c gs30\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,8% - 3,5%<span class=\"_ _75\"> </span> </div></div><div class=\"c w153 h98 gs31\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Impianti di distribuzio<span class=\"_ _3\"></span>ne in concession<span class=\"_ _3\"></span>e </div></div><div class=\"c w115 h98 gs32\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,8% - 10,0% </div></div><div class=\"c w153 h3c gs33\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri impianti in c<span class=\"_ _3\"></span>oncessione </div></div><div class=\"c w115 h3c gs34\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,5% - 12,5% </div></div><div class=\"c w153 h3c gs35\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attrezzature in c<span class=\"_ _3\"></span>oncessione </div></div><div class=\"c w115 h3c gs36\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,5%<span class=\"_ _75\"> </span> </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> im<span class=\"_ _1\"></span>ma<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e a<span class=\"_ _3\"></span>vv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>o <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff3\"> <span class=\"ff1 ls10\">Le <span class=\"_ _5\"></span><span class=\"ls0\">attivit\u00e0 imma<span class=\"_ _5\"></span>teriali identificabili e <span class=\"_ _5\"></span>controllabili<span class=\"_ _5\"></span> sono <span class=\"_ _5\"></span>rilevate al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>e, qualora </span></span></span></span>a <span class=\"_ _2\"> </span>vita <span class=\"_ _2\"> </span>u<span class=\"_ _5\"></span>tile <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>efinita, <span class=\"_ _8\"> </span>s<span class=\"_ _5\"></span>ono <span class=\"_ _2\"> </span>ammortizzate <span class=\"_ _2\"> </span>sistematicame<span class=\"_ _3\"></span>nte <span class=\"_ _2\"> </span>lungo <span class=\"_ _2\"> </span>il <span class=\"_ _1d\"> </span>perio<span class=\"_ _3\"></span>do <span class=\"_ _2\"> </span>della <span class=\"_ _1d\"> </span>stima<span class=\"_ _3\"></span>ta <span class=\"_ _2\"> </span>vita <span class=\"_ _1d\"> </span>utile <span class=\"_ _8\"> </span>stessa. L\u2019ammortamento decorre <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>momento in <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>l\u2019immobilizzazione \u00e8 <span class=\"_ _5\"></span>pronta <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019utilizzo, o <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>omunq<span class=\"_ _3\"></span>ue <span class=\"_ _5\"></span>inizia <span class=\"_ _5\"></span>a p<span class=\"_ _5\"></span>rodurre benefici  e<span class=\"_ _3\"></span>conomici  p<span class=\"_ _3\"></span>er  il <span class=\"_ _f\"> </span>Gruppo. <span class=\"_ _f\"> </span>Le  immobilizzazio<span class=\"_ _3\"></span>ni  in <span class=\"_ _f\"> </span>corso  compre<span class=\"_ _3\"></span>ndono  i <span class=\"_ _f\"> </span>costi  relati<span class=\"_ _3\"></span>vi  a <span class=\"_ _f\"> </span>immobilizzazioni immateriali  per  le  qu<span class=\"_ _3\"></span>ali  non  ha  ancor<span class=\"_ _3\"></span>a  avuto  inizio  il  proc<span class=\"_ _3\"></span>esso  di  utilizzazion<span class=\"_ _3\"></span>e  economica.  Qualora<span class=\"_ _3\"></span>  le  attivit\u00e0 immateriali  s<span class=\"_ _5\"></span>iano <span class=\"_ _4\"> </span>invece <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>vita  u<span class=\"_ _5\"></span>tile <span class=\"_ _4\"> </span>indefinita, <span class=\"_ _4\"> </span>le <span class=\"_ _10\"> </span>stesse  sono <span class=\"_ _10\"> </span>assoggettate  non <span class=\"_ _10\"> </span>ad  ammortamento, <span class=\"_ _4\"> </span>bens\u00ec <span class=\"_ _4\"> </span>a impairment test ann<span class=\"_ _3\"></span>uale anche in assenza di<span class=\"_ _3\"></span> indicatori che segn<span class=\"_ _3\"></span>alino perdite di valore.<span class=\"_ _5\"></span> Le <span class=\"_ _6\"></span>concessioni <span class=\"_ _7\"></span>sono<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ostituite <span class=\"_ _7\"></span>principalmente <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>diritti <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>dotazioni <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>riferiscono <span class=\"_ _6\"></span>ai servizi <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>ciclo <span class=\"_ _7\"></span>idrico <span class=\"_ _6\"></span>integrato<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dati <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>estione <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>funzionali <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>gestio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>tali <span class=\"_ _7\"></span>servizi. <span class=\"_ _6\"></span>Ta<span class=\"_ _3\"></span>li concessioni <span class=\"_ _c\"> </span>risultavano <span class=\"_ _22\"> </span>classificate <span class=\"_ _c\"> </span>nelle <span class=\"_ _22\"> </span>immobilizzazioni <span class=\"_ _c\"> </span>immateriali <span class=\"_ _22\"> </span>anche <span class=\"_ _c\"> </span>antecedentemente <span class=\"_ _c\"> </span>alla <span class=\"_ _22\"> </span>prima applicazione dell\u2019inte<span class=\"_ _3\"></span>rpretazione Ifric 12 <span class=\"ff1\">- Accordi per servizi in c<span class=\"_ _3\"></span>oncessione. </span>Gli  ammortame<span class=\"_ _3\"></span>nti  delle <span class=\"_ _f\"> </span>concessioni  sono <span class=\"_ _f\"> </span>calcolati  in  ba<span class=\"_ _3\"></span>se  a  qu<span class=\"_ _3\"></span>anto  previsto <span class=\"_ _f\"> </span>nelle  rispettive <span class=\"_ _f\"> </span>convenzioni  e  i<span class=\"_ _3\"></span>n particolare: <span class=\"_ _6\"></span>i) <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>misura <span class=\"_ _6\"></span>costa<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vi<span class=\"_ _3\"></span>ta <span class=\"_ _6\"></span>economico<span class=\"_ _7\"></span>-tecnica <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>ben<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>concessi <span class=\"_ _7\"></span>e <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>durata<span class=\"_ _3\"></span> della <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>mede<span class=\"_ _3\"></span>sima, <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>lora <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>scadenza <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>stessa <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>venga <span class=\"_ _6\"></span>riconosci<span class=\"_ _3\"></span>uto <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>gestore <span class=\"_ _6\"></span>usce<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lcu<span class=\"_ _3\"></span>n<span class=\"_ _75\"> </span> valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>indennizzo (Valore <span class=\"_ _5\"></span>industriale <span class=\"_ _5\"></span>residuo o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Vir); <span class=\"_ _5\"></span>ii) in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>economico<span class=\"_ _7\"></span>-tecnica dei <span class=\"_ _5\"></span>singoli <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>qualora alla scadenza delle co<span class=\"_ _3\"></span>ncessioni venga riconosciuto al gest<span class=\"_ _3\"></span>ore uscente un valore <span class=\"_ _3\"></span>di indennizzo (Vir)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span> I <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>pubbli<span class=\"_ _3\"></span>ci <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>ricomprend<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>diritti <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _7\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>dotazioni <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>servizi <span class=\"_ _6\"></span>gas, <span class=\"_ _7\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato, energia elettrica <span class=\"_ _5\"></span>(con l<span class=\"_ _5\"></span>a sola <span class=\"_ _5\"></span>esclusione dei <span class=\"_ _5\"></span>beni afferenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>territorio di <span class=\"_ _5\"></span>Modena, classificati tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>be<span class=\"_ _6\"></span>ni in <span class=\"_ _7\"></span>propriet\u00e0 <span class=\"_ _7\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>forza <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>rel<span class=\"_ _3\"></span>ativa <span class=\"_ _7\"></span>acquisizione) <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>pu<span class=\"_ _3\"></span>bblica <span class=\"_ _7\"></span>illuminazione <span class=\"_ _7\"></span>(salvo <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>questi <span class=\"_ _5\"></span>ultimi <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>nto <span class=\"_ _7\"></span>evidenziato nella <span class=\"_ _5\"></span>successiva <span class=\"_ _7\"></span>nota <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>descrizione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>app<span class=\"_ _5\"></span>licati <span class=\"_ _5\"></span>relativamente <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>\u201cCrediti <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d),<span class=\"_ _3\"></span> connessi <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ervizi <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>gestione <span class=\"_ _8\"> </span>al <span class=\"_ _10\"> </span>Gruppo. <span class=\"_ _10\"> </span>Tali <span class=\"_ _8\"> </span>ra<span class=\"_ _3\"></span>pporti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>conta<span class=\"_ _3\"></span>bilizzati <span class=\"_ _10\"> </span>applicando <span class=\"_ _10\"> </span>il <span class=\"_ _8\"> </span>modello <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> immateriale <span class=\"_ _e\"> </span>previsto <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>all\u2019interpretazio<span class=\"_ _3\"></span>ne <span class=\"_ _d\"> </span>Ifric <span class=\"_ _e\"> </span>12, <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>ritenuto <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"> </span>concessori <span class=\"_ _d\"> </span>sottostanti <span class=\"_ _e\"> </span>non garantissero <span class=\"_ _6\"></span>l\u2019esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"> </span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>concessionario <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>contanti, <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 finanziarie. <span class=\"_ _d\"> </span>Sono <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _d\"> </span>come <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>clienti <span class=\"_ _d\"> </span>i <span class=\"_ _f\"> </span>servizi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _e\"> </span>e miglioria <span class=\"_ _5\"></span>svolti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>concedente. <span class=\"_ _5\"></span>Dal <span class=\"_ _5\"></span>momento <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>gran <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>appaltati <span class=\"_ _5\"></span>esternamente e <span class=\"_ _7\"></span>che sulle <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _d\"> </span>svolte <span class=\"_ _f\"> </span>internamente <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>individuabile <span class=\"_ _d\"> </span>separatamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>margine <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>commessa <span class=\"_ _d\"> </span>dai benefici <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>tariffa <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>remunerazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio, <span class=\"_ _6\"></span>ta<span class=\"_ _5\"></span>li <span class=\"_ _6\"></span>infrastrutture <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>su<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi effettivamente soste<span class=\"_ _3\"></span>nuti. Tale <span class=\"_ _7\"></span>categoria <span class=\"_ _7\"></span>ricomprende <span class=\"_ _7\"></span>inoltre <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>est<span class=\"_ _3\"></span>ensioni <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>ammodernamenti <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>infrastrutture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>ropriet\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 patrimoniali <span class=\"_ _5\"></span>(cosiddette <span class=\"_ _7\"></span>s<span class=\"ff5\">ociet\u00e0 <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>asset, <span class=\"_ _7\"></span>costituite <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _5\"></span>dell<span class=\"_ _5\"></span>\u2019art. <span class=\"_ _5\"></span>113 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>D.Lgs. <span class=\"_ _5\"></span>267/00),<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>gestite <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>in forza <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ffitto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ramo <span class=\"_ _f\"> </span>d\u2019azienda. <span class=\"_ _e\"> </span>Tali <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>ontratti, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fissare <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>corrispettivi <span class=\"_ _d\"> </span>dovuti, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>anche clausole <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>restituzione <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>beni, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>normale <span class=\"_ _10\"> </span>stato <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>manutenzione, <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ietro <span class=\"_ _4\"> </span>corresponsione <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>conguaglio corrispondente <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>netto <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontabile <span class=\"_ _6\"></span>degli <span class=\"_ _e\"> </span>stessi <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>industriale <span class=\"_ _6\"></span>residuo <span class=\"_ _e\"></span>(tenuto <span class=\"_ _e\"></span>conto <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>fondi ripristino). L\u2019ammortamento di tali diritti<span class=\"_ _3\"></span> viene effettuato in base alla vita <span class=\"_ _3\"></span>economico<span class=\"_ _5\"></span><span class=\"ff1\">-tecnica dei singoli beni, anche a fronte delle<span class=\"_ _3\"></span> </span>normative di r<span class=\"_ _5\"></span>iferimento che prevedono<span class=\"_ _5\"></span>, in <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>cambio del <span class=\"_ _5\"></span>gestore del servizio<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>un indennizzo al <span class=\"_ _5\"></span>gestore uscente<span class=\"_ _75\"> </span>pari al <span class=\"_ _5\"></span>Valore industriale residuo (<span class=\"_ _5\"></span>Vir) per i <span class=\"_ _5\"></span>beni realizzati <span class=\"_ _5\"></span>in regime di <span class=\"_ _5\"></span>propriet\u00e0, o <span class=\"_ _5\"></span>al Valore netto <span class=\"_ _5\"></span>contabile (Vnc) per i beni realizzati in regime<span class=\"_ _3\"></span> di contratto di affi<span class=\"_ _3\"></span>tto di ramo d\u2019aziend<span class=\"_ _3\"></span>a.<span class=\"_ _75\"> </span> <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>immateriali <span class=\"_ _7\"></span>rilevate <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>un\u2019aggrega<span class=\"_ _3\"></span>zione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>iscritt<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>separatamente <span class=\"_ _7\"></span>dall\u2019avviamento se <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>loro <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>determinato <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odo <span class=\"_ _7\"></span>attendibile <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>ammortizzate <span class=\"_ _7\"></span>lungo <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>ita <span class=\"_ _7\"></span>utile <span class=\"_ _7\"></span>stimata <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>sede <span class=\"_ _7\"></span>di acquisizione. La attivit\u00e0 immateriali sono esposte a<span class=\"_ _5\"></span>l lordo dei contributi in conto impianti che sono rilevati a conto economico lungo<span class=\"_ _3\"></span> il <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>necessario <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>correlarli <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>relativi <span class=\"_ _e\"></span>costi; <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>situazione <span class=\"_ _e\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>rappresentati iscrivendo il contri<span class=\"_ _3\"></span>buto come ricavo differit<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> Di seguito sono riporta<span class=\"_ _3\"></span>te le aliquote utilizza<span class=\"_ _3\"></span>te per l\u2019ammortamento <span class=\"_ _3\"></span>delle attivit\u00e0 immateriali:<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span>CATEGORIA ALIQUOTE Applicativi informati<span class=\"_ _3\"></span>ci 20,0% Brevetti e marchi<span class=\"_ _3\"></span> 10,0% Fabbricati in conce<span class=\"_ _3\"></span>ssione 1,8% - 3,5%<span class=\"_ _75\"> </span> Impianti di distribuzio<span class=\"_ _3\"></span>ne in concession<span class=\"_ _3\"></span>e 1,8% - 10,0% Altri impianti in c<span class=\"_ _3\"></span>oncessione 2,5% - 12,5% Attrezzature in c<span class=\"_ _3\"></span>oncessione 12,5%<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "I <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>pubbli<span class=\"_ _3\"></span>ci <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>ricomprend<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>diritti <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _7\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>dotazioni <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>servizi <span class=\"_ _6\"></span>gas, <span class=\"_ _7\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato, energia elettrica <span class=\"_ _5\"></span>(con l<span class=\"_ _5\"></span>a sola <span class=\"_ _5\"></span>esclusione dei <span class=\"_ _5\"></span>beni afferenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>territorio di <span class=\"_ _5\"></span>Modena, classificati tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>be<span class=\"_ _6\"></span>ni in <span class=\"_ _7\"></span>propriet\u00e0 <span class=\"_ _7\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>forza <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>rel<span class=\"_ _3\"></span>ativa <span class=\"_ _7\"></span>acquisizione) <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>pu<span class=\"_ _3\"></span>bblica <span class=\"_ _7\"></span>illuminazione <span class=\"_ _7\"></span>(salvo <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>questi <span class=\"_ _5\"></span>ultimi <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>nto <span class=\"_ _7\"></span>evidenziato nella <span class=\"_ _5\"></span>successiva <span class=\"_ _7\"></span>nota <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>descrizione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>app<span class=\"_ _5\"></span>licati <span class=\"_ _5\"></span>relativamente <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>\u201cCrediti <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d),<span class=\"_ _3\"></span> connessi <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ervizi <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>gestione <span class=\"_ _8\"> </span>al <span class=\"_ _10\"> </span>Gruppo. <span class=\"_ _10\"> </span>Tali <span class=\"_ _8\"> </span>ra<span class=\"_ _3\"></span>pporti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>conta<span class=\"_ _3\"></span>bilizzati <span class=\"_ _10\"> </span>applicando <span class=\"_ _10\"> </span>il <span class=\"_ _8\"> </span>modello <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> immateriale <span class=\"_ _e\"> </span>previsto <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>all\u2019interpretazio<span class=\"_ _3\"></span>ne <span class=\"_ _d\"> </span>Ifric <span class=\"_ _e\"> </span>12, <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>ritenuto <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"> </span>concessori <span class=\"_ _d\"> </span>sottostanti <span class=\"_ _e\"> </span>non garantissero <span class=\"_ _6\"></span>l\u2019esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"> </span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>concessionario <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>contanti, <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 finanziarie. <span class=\"_ _d\"> </span>Sono <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _d\"> </span>come <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>clienti <span class=\"_ _d\"> </span>i <span class=\"_ _f\"> </span>servizi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _e\"> </span>e miglioria <span class=\"_ _5\"></span>svolti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>concedente. <span class=\"_ _5\"></span>Dal <span class=\"_ _5\"></span>momento <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>gran <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>appaltati <span class=\"_ _5\"></span>esternamente e <span class=\"_ _7\"></span>che sulle <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _d\"> </span>svolte <span class=\"_ _f\"> </span>internamente <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>individuabile <span class=\"_ _d\"> </span>separatamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>margine <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>commessa <span class=\"_ _d\"> </span>dai benefici <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>tariffa <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>remunerazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio, <span class=\"_ _6\"></span>ta<span class=\"_ _5\"></span>li <span class=\"_ _6\"></span>infrastrutture <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>su<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi effettivamente soste<span class=\"_ _3\"></span>nuti. Tale <span class=\"_ _7\"></span>categoria <span class=\"_ _7\"></span>ricomprende <span class=\"_ _7\"></span>inoltre <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>est<span class=\"_ _3\"></span>ensioni <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>ammodernamenti <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>infrastrutture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>ropriet\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 patrimoniali <span class=\"_ _5\"></span>(cosiddette <span class=\"_ _7\"></span>s<span class=\"ff5\">ociet\u00e0 <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>asset, <span class=\"_ _7\"></span>costituite <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _5\"></span>dell<span class=\"_ _5\"></span>\u2019art. <span class=\"_ _5\"></span>113 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>D.Lgs. <span class=\"_ _5\"></span>267/00),<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>gestite <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>in forza <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ffitto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ramo <span class=\"_ _f\"> </span>d\u2019azienda. <span class=\"_ _e\"> </span>Tali <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>ontratti, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fissare <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>corrispettivi <span class=\"_ _d\"> </span>dovuti, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>anche clausole <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>restituzione <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>beni, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>normale <span class=\"_ _10\"> </span>stato <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>manutenzione, <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ietro <span class=\"_ _4\"> </span>corresponsione <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>conguaglio corrispondente <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>netto <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontabile <span class=\"_ _6\"></span>degli <span class=\"_ _e\"> </span>stessi <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>industriale <span class=\"_ _6\"></span>residuo <span class=\"_ _e\"></span>(tenuto <span class=\"_ _e\"></span>conto <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>fondi ripristino). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForServiceConcessionArrangementsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-427": {
   "value": "I <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>pubbli<span class=\"_ _3\"></span>ci <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>concessione <span class=\"_ _6\"></span>ricomprend<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>diritti <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _7\"></span>reti, <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>dotazioni <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>servizi <span class=\"_ _6\"></span>gas, <span class=\"_ _7\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato, energia elettrica <span class=\"_ _5\"></span>(con l<span class=\"_ _5\"></span>a sola <span class=\"_ _5\"></span>esclusione dei <span class=\"_ _5\"></span>beni afferenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>territorio di <span class=\"_ _5\"></span>Modena, classificati tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>be<span class=\"_ _6\"></span>ni in <span class=\"_ _7\"></span>propriet\u00e0 <span class=\"_ _7\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>forza <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>rel<span class=\"_ _3\"></span>ativa <span class=\"_ _7\"></span>acquisizione) <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>pu<span class=\"_ _3\"></span>bblica <span class=\"_ _7\"></span>illuminazione <span class=\"_ _7\"></span>(salvo <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>questi <span class=\"_ _5\"></span>ultimi <span class=\"_ _7\"></span>qua<span class=\"_ _5\"></span>nto <span class=\"_ _7\"></span>evidenziato nella <span class=\"_ _5\"></span>successiva <span class=\"_ _7\"></span>nota <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>descrizione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>app<span class=\"_ _5\"></span>licati <span class=\"_ _5\"></span>relativamente <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>\u201cCrediti <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d),<span class=\"_ _3\"></span> connessi <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ervizi <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>gestione <span class=\"_ _8\"> </span>al <span class=\"_ _10\"> </span>Gruppo. <span class=\"_ _10\"> </span>Tali <span class=\"_ _8\"> </span>ra<span class=\"_ _3\"></span>pporti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>conta<span class=\"_ _3\"></span>bilizzati <span class=\"_ _10\"> </span>applicando <span class=\"_ _10\"> </span>il <span class=\"_ _8\"> </span>modello <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> immateriale <span class=\"_ _e\"> </span>previsto <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>all\u2019interpretazio<span class=\"_ _3\"></span>ne <span class=\"_ _d\"> </span>Ifric <span class=\"_ _e\"> </span>12, <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>ritenuto <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"> </span>concessori <span class=\"_ _d\"> </span>sottostanti <span class=\"_ _e\"> </span>non garantissero <span class=\"_ _6\"></span>l\u2019esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"> </span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>concessionario <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>contanti, <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 finanziarie. <span class=\"_ _d\"> </span>Sono <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _d\"> </span>come <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>clienti <span class=\"_ _d\"> </span>i <span class=\"_ _f\"> </span>servizi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _e\"> </span>e miglioria <span class=\"_ _5\"></span>svolti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>concedente. <span class=\"_ _5\"></span>Dal <span class=\"_ _5\"></span>momento <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>gran <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>appaltati <span class=\"_ _5\"></span>esternamente e <span class=\"_ _7\"></span>che sulle <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>costruzione <span class=\"_ _d\"> </span>svolte <span class=\"_ _f\"> </span>internamente <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>individuabile <span class=\"_ _d\"> </span>separatamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>margine <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>commessa <span class=\"_ _d\"> </span>dai benefici <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>tariffa <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>remunerazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio, <span class=\"_ _6\"></span>ta<span class=\"_ _5\"></span>li <span class=\"_ _6\"></span>infrastrutture <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>su<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi effettivamente soste<span class=\"_ _3\"></span>nuti. Tale <span class=\"_ _7\"></span>categoria <span class=\"_ _7\"></span>ricomprende <span class=\"_ _7\"></span>inoltre <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>est<span class=\"_ _3\"></span>ensioni <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>ammodernamenti <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>infrastrutture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>ropriet\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 patrimoniali <span class=\"_ _5\"></span>(cosiddette <span class=\"_ _7\"></span>s<span class=\"ff5\">ociet\u00e0 <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>asset, <span class=\"_ _7\"></span>costituite <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _5\"></span>dell<span class=\"_ _5\"></span>\u2019art. <span class=\"_ _5\"></span>113 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>D.Lgs. <span class=\"_ _5\"></span>267/00),<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>gestite <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>in forza <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ffitto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ramo <span class=\"_ _f\"> </span>d\u2019azienda. <span class=\"_ _e\"> </span>Tali <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>ontratti, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fissare <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>corrispettivi <span class=\"_ _d\"> </span>dovuti, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>anche clausole <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>restituzione <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>beni, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>normale <span class=\"_ _10\"> </span>stato <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>manutenzione, <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ietro <span class=\"_ _4\"> </span>corresponsione <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>conguaglio corrispondente <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>netto <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontabile <span class=\"_ _6\"></span>degli <span class=\"_ _e\"> </span>stessi <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>industriale <span class=\"_ _6\"></span>residuo <span class=\"_ _e\"></span>(tenuto <span class=\"_ _e\"></span>conto <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>fondi ripristino). Sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categor<span class=\"_ _3\"></span>ia, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>dall\u2019interpreta<span class=\"_ _3\"></span>zione <span class=\"_ _6\"></span>Ifric <span class=\"_ _6\"></span>12, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>correl<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quei servizi <span class=\"_ _6\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>concessione <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _e\"></span>quali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"></span>contrattuale <span class=\"_ _6\"></span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>disponibilit\u00e0 liquide <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncedente <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>costruzione <span class=\"_ _5\"></span>resi. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>financial <span class=\"_ _5\"></span>asset <span class=\"_ _5\"></span>model <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>utilizzato <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>contratti riguardanti l\u2019erogazione<span class=\"_ _3\"></span> di servizi di <span class=\"_ _5\"></span>pubblica illumina<span class=\"_ _3\"></span>zione, in considerazione delle caratteristic<span class=\"_ _3\"></span>he degli stessi, nel cui ambito <span class=\"_ _4\"> </span>s<span class=\"_ _5\"></span>empre <span class=\"_ _4\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>spesso <span class=\"_ _4\"> </span>il <span class=\"_ _10\"> </span>concedente <span class=\"_ _10\"> </span>g<span class=\"_ _3\"></span>arantisce <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>concessionario <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>importo <span class=\"_ _4\"> </span>determinato, <span class=\"_ _10\"> </span>o <span class=\"_ _4\"> </span>comunque attendibilmente <span class=\"_ _e\"> </span>determinabile, <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>funzione <span class=\"_ _e\"> </span>dello <span class=\"_ _d\"> </span>sfruttamento <span class=\"_ _d\"> </span>dell\u2019infrastruttura <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>parte <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>cliente <span class=\"_ _d\"> </span>finale. <span class=\"_ _d\"> </span>In applicazione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ale <span class=\"_ _d\"> </span>modello, <span class=\"_ _d\"> </span>viene <span class=\"_ _d\"> </span>rilevata <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>bilancio <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>finanziaria <span class=\"_ _d\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>concedente <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>un ammontare pari al fair <span class=\"_ _3\"></span>value dei servizi di co<span class=\"_ _3\"></span>struzione resi.<span class=\"_ _75\"> </span>\u201cServizi <span class=\"_ _7\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncessione\u201d, <span class=\"_ _7\"></span>comprendono <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>beni <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>dist<span class=\"_ _3\"></span>ribuzione <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as, <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>energia elettrica (territorio di <span class=\"_ _5\"></span>Imola), ciclo <span class=\"_ _5\"></span>idrico integrato<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>trattament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>e illuminazione pubblica <span class=\"_ _5\"></span>(salvo per questi <span class=\"_ _5\"></span>ultimi quanto<span class=\"_ _75\"> </span>precisato nella <span class=\"_ _5\"></span><span class=\"ff5\">nota 18 <span class=\"_ _5\"></span>\u201cAttivit\u00e0 finanziarie, disponibilit\u00e0 liquide e me<span class=\"_ _5\"></span>zzi equivalenti\u201d) oggetto di<span class=\"_ _7\"></span></span> <span class=\"_ _5\"></span>concessione da parte degli enti <span class=\"_ _5\"></span>pubblici di r<span class=\"_ _5\"></span>iferimento.<span class=\"_ _3\"></span> Tali <span class=\"_ _5\"></span>rapporti di <span class=\"_ _5\"></span>concessione e i <span class=\"_ _5\"></span>relativi beni, <span class=\"_ _5\"></span>inerenti all\u2019esercizio dell\u2019attivit\u00e0 sui <span class=\"_ _6\"> </span><span class=\"ff1\">quali </span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>detiene <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>diritti <span class=\"_ _7\"></span>all\u2019utilizzo, <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontabilizzati <span class=\"_ _7\"></span>applicando <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>modello <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>immateriale <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _7\"></span>previsto dall\u2019interpretazione <span class=\"_ _d\"> </span>Ifric <span class=\"_ _f\"> </span>12. <span class=\"_ _f\"> </span>Gli <span class=\"_ _f\"> </span>investimenti <span class=\"_ _f\"> </span>dell\u2019esercizio <span class=\"_ _d\"> </span>hanno <span class=\"_ _f\"> </span>riguardato <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rincipalmente <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>reti <span class=\"_ _f\"> </span>idriche <span class=\"_ _f\"> </span>per <span class=\"_ _10\"> </span><span class=\"ff1 ls10\">94<span class=\"_ _3\"></span><span class=\"ls0\"> </span></span>milioni di euro e le reti <span class=\"_ _3\"></span>di distribuzione del ga<span class=\"_ _3\"></span>s per <span class=\"_ _5\"></span>59,3 milioni di euro. \u201cAttivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>pubblici <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>concessione\u201d, <span class=\"_ _5\"></span>rappresentano <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>investimenti<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _7\"></span>correlati <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>medesime </span>concessioni, che risultano ancora da u<span class=\"_ _5\"></span>ltimare alla data di fine esercizio e s<span class=\"_ _5\"></span>i riferiscono principal<span class=\"_ _3\"></span>mente alle reti idriche per <span class=\"_ _5\"></span>291,3 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>reti <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>distribuzione del <span class=\"_ _5\"></span>gas <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>96,7 <span class=\"_ _5\"></span><span class=\"ff5\">milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>all\u2019igiene <span class=\"_ _5\"></span>urbana <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span></span>26,8 <span class=\"_ _5\"></span>milioni di euro.<span class=\"_ _75\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfServiceConcessionArrangementsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "C<span class=\"_ _3\"></span>os<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>acq<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>nuo<span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>con<span class=\"_ _1\"></span>tra<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span><span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>I <span class=\"_ _e\"></span>costi <span class=\"_ _e\"></span>incrementali, <span class=\"_ _6\"></span>rappresentati <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>provvigioni <span class=\"_ _e\"></span>riconosciute<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>ad <span class=\"_ _e\"></span>agenti <span class=\"_ _e\"> </span>per </span></span>l\u2019acquisizione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>nuovi <span class=\"_ _7\"></span>contratti, <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ilevati <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>immateriali <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>ammortizzati <span class=\"_ _7\"></span>secondo <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>vita <span class=\"_ _6\"></span>utile<span class=\"_ _3\"></span> media <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>clientela <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>cquisita <span class=\"_ _5\"></span>(churn <span class=\"_ _5\"></span>rate). <span class=\"_ _7\"></span>A <span class=\"_ _7\"></span>tal <span class=\"_ _7\"></span>fine <span class=\"_ _5\"></span>vengono <span class=\"_ _7\"></span>individuate <span class=\"_ _5\"></span>esclusivamente <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>tipologie <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>provvigioni relative a nuovi cli<span class=\"_ _3\"></span>enti non presenti nella cu<span class=\"_ _3\"></span>stomer base del Gruppo. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCustomerAcquisitionCostsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-444": {
   "value": "A<span class=\"_ _3\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>im<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>se <span class=\"_ _e\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _d\"> </span></span>L\u2019eventuale <span class=\"_ _e\"> </span>differenza <span class=\"_ _d\"> </span>positiva <span class=\"_ _d\"> </span>tra <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>osto <span class=\"_ _e\"> </span>dell\u2019operazione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>value <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ata <span class=\"_ _d\"> </span>di<span class=\"_ _3\"></span> </span>ottenimento <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>controllo <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>acquisite <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttribuita <span class=\"_ _5\"></span>all\u2019avviamento<span class=\"_ _7\"></span><span class=\"ff1 ls16\">. <span class=\"_ _7\"></span><span class=\"ls0\">Nel <span class=\"_ _5\"></span>caso<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>cui <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>pro<span class=\"_ _3\"></span>cesso <span class=\"_ _7\"></span>di </span></span>allocazione <span class=\"_ _8\"> </span>del <span class=\"_ _2\"> </span>prezzo <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>acquisto <span class=\"_ _2\"> </span>determini <span class=\"_ _8\"> </span>l\u2019evidenziazione <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>un <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>ifferenzial<span class=\"_ _3\"></span>e <span class=\"_ _2\"> </span>negativo, <span class=\"_ _2\"> </span>lo <span class=\"_ _8\"> </span>s<span class=\"_ _5\"></span>tesso <span class=\"_ _8\"> </span>viene immediatamente <span class=\"_ _5\"></span>imputato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione. <span class=\"_ _6\"></span><span class=\"ff5\">Ai<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>fini <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>determinazione <span class=\"_ _5\"></span>dell\u2019avviamento </span>o <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>differenziale <span class=\"_ _7\"></span>negativo, <span class=\"_ _5\"></span>all\u2019interno <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>dell\u2019operazione<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>anche <span class=\"_ _5\"></span>considerata <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value delle opzioni di vendi<span class=\"_ _3\"></span>ta attribuite ai soci di mi<span class=\"_ _3\"></span>noranza sulle propri<span class=\"_ _3\"></span>e quote partecipative.<span class=\"_ _5\"></span> Eventuali <span class=\"_ _6\"></span>corrispettivi <span class=\"_ _6\"></span>sottoposti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>condizione, <span class=\"_ _e\"></span>anche <span class=\"_ _6\"></span>correlati <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>risultati <span class=\"_ _6\"></span>futuri <span class=\"_ _6\"></span>(earn<span class=\"_ _5\"></span>-out), <span class=\"_ _6\"></span>risultanti <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>contratto <span class=\"_ _6\"></span>di aggregazione <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>impresa <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>valutati <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fair <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>data <span class=\"_ _d\"> </span>di  acq<span class=\"_ _3\"></span>uisizione <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>consider<span class=\"_ _3\"></span>ati <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>dei corrispettivi trasferiti<span class=\"_ _3\"></span> per l\u2019operazione di aggreg<span class=\"_ _3\"></span>azione ai fini della<span class=\"_ _3\"></span> determinazione dell\u2019avvi<span class=\"_ _3\"></span>amento. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Le <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>nteressenze <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>terzi <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>acquisizione <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>valutate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ppure <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>ba<span class=\"_ _3\"></span>se <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>pro<span class=\"_ _7\"></span>-quota <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valor<span class=\"_ _3\"></span>e delle  attivit\u00e0  nette  dell\u2019impresa  acquisita.  La  scelta  del <span class=\"_ _4\"> </span>metodo  di  valutazione  viene  definito  per  ogni  singola transazione. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "A<span class=\"_ _3\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>im<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>se <span class=\"_ _e\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _d\"> </span></span>L\u2019eventuale <span class=\"_ _e\"> </span>differenza <span class=\"_ _d\"> </span>positiva <span class=\"_ _d\"> </span>tra <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>osto <span class=\"_ _e\"> </span>dell\u2019operazione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>value <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ata <span class=\"_ _d\"> </span>di<span class=\"_ _3\"></span> </span>ottenimento <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>controllo <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>acquisite <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttribuita <span class=\"_ _5\"></span>all\u2019avviamento<span class=\"_ _7\"></span><span class=\"ff1 ls16\">. <span class=\"_ _7\"></span><span class=\"ls0\">Nel <span class=\"_ _5\"></span>caso<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>in<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>cui <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>pro<span class=\"_ _3\"></span>cesso <span class=\"_ _7\"></span>di </span></span>allocazione <span class=\"_ _8\"> </span>del <span class=\"_ _2\"> </span>prezzo <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>acquisto <span class=\"_ _2\"> </span>determini <span class=\"_ _8\"> </span>l\u2019evidenziazione <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>un <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>ifferenzial<span class=\"_ _3\"></span>e <span class=\"_ _2\"> </span>negativo, <span class=\"_ _2\"> </span>lo <span class=\"_ _8\"> </span>s<span class=\"_ _5\"></span>tesso <span class=\"_ _8\"> </span>viene immediatamente <span class=\"_ _5\"></span>imputato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione. <span class=\"_ _6\"></span><span class=\"ff5\">Ai<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>fini <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>determinazione <span class=\"_ _5\"></span>dell\u2019avviamento </span>o <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>differenziale <span class=\"_ _7\"></span>negativo, <span class=\"_ _5\"></span>all\u2019interno <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>dell\u2019operazione<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>anche <span class=\"_ _5\"></span>considerata <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value delle opzioni di vendi<span class=\"_ _3\"></span>ta attribuite ai soci di mi<span class=\"_ _3\"></span>noranza sulle propri<span class=\"_ _3\"></span>e quote partecipative.<span class=\"_ _5\"></span> Eventuali <span class=\"_ _6\"></span>corrispettivi <span class=\"_ _6\"></span>sottoposti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>condizione, <span class=\"_ _e\"></span>anche <span class=\"_ _6\"></span>correlati <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>risultati <span class=\"_ _6\"></span>futuri <span class=\"_ _6\"></span>(earn<span class=\"_ _5\"></span>-out), <span class=\"_ _6\"></span>risultanti <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>contratto <span class=\"_ _6\"></span>di aggregazione <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>impresa <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>valutati <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fair <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>data <span class=\"_ _d\"> </span>di  acq<span class=\"_ _3\"></span>uisizione <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>consider<span class=\"_ _3\"></span>ati <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>dei corrispettivi trasferiti<span class=\"_ _3\"></span> per l\u2019operazione di aggreg<span class=\"_ _3\"></span>azione ai fini della<span class=\"_ _3\"></span> determinazione dell\u2019avvi<span class=\"_ _3\"></span>amento. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Le <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>nteressenze <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>terzi <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>acquisizione <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>valutate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>ppure <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>ba<span class=\"_ _3\"></span>se <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>pro<span class=\"_ _7\"></span>-quota <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valor<span class=\"_ _3\"></span>e delle  attivit\u00e0  nette  dell\u2019impresa  acquisita.  La  scelta  del <span class=\"_ _4\"> </span>metodo  di  valutazione  viene  definito  per  ogni  singola transazione. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "P<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>e  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>val<span class=\"_ _1\"></span>ore<span class=\"_ _1\"></span>  (i<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>)  <span class=\"ff5\">\u2013<span class=\"ff1\">  A<span class=\"_ _1\"></span>i  fi<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>de<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>a  d<span class=\"_ _3\"></span>et<span class=\"_ _1\"></span>erm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _3\"></span>  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>eve<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>  pe<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>  di<span class=\"_ _3\"></span>  v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>or<span class=\"_ _3\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span>il  Gruppo  prende  in </span></span>considerazione <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _6\"></span>contabile <span class=\"_ _e\"></span>degli <span class=\"_ _e\"></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>macc<span class=\"_ _3\"></span>hinari<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>diritti <span class=\"_ _6\"> </span>d\u2019uso <span class=\"_ _e\"> </span>e <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>immateriali </span>confrontandolo  con  <span class=\"ff5\">l\u2019ammo<span class=\"_ _3\"></span>ntare  recuperabile  di  ta<span class=\"_ _3\"></span>li  attivit\u00e0  per  det<span class=\"_ _3\"></span>erminare  l\u2019importo <span class=\"_ _4\"> </span><span class=\"ff1\">di  eventuali  svalutazioni<span class=\"ls1e\">. </span></span></span>L\u2019ammontare <span class=\"_ _e\"> </span>recuperabile <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span><span class=\"ff1\">calcolato <span class=\"_ _e\"> </span>come <span class=\"_ _d\"> </span></span>valore <span class=\"_ _e\"> </span>d\u2019uso. <span class=\"_ _d\"> </span>Dove <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"> </span>possibile <span class=\"_ _e\"> </span>stimare <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _d\"> </span>recuperabile <span class=\"_ _e\"> </span>di un\u2019attivit\u00e0 individualmente, i<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>Gruppo effettua <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>stima del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>recuperabile dell\u2019unit\u00e0 <span class=\"_ _5\"></span>generatrice di <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>finanziari cui l\u2019attivit\u00e0 appartien<span class=\"_ _3\"></span>e. I flussi di cassa futuri sono attualizz<span class=\"_ _3\"></span>ati a un tasso di sconto (al netto delle<span class=\"_ _3\"></span> imposte) che rifle<span class=\"_ _7\"></span><span class=\"ff1\">tte </span>la valutazione corrente<span class=\"_ _3\"></span> del mercato e tiene c<span class=\"_ _3\"></span>onto dei rischi conn<span class=\"_ _3\"></span>essi alla specifica attivi<span class=\"_ _3\"></span>t\u00e0 aziendale.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "P<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>e  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>val<span class=\"_ _1\"></span>ore<span class=\"_ _1\"></span>  (i<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>)  <span class=\"ff5\">\u2013<span class=\"ff1\">  A<span class=\"_ _1\"></span>i  fi<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>de<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>a  d<span class=\"_ _3\"></span>et<span class=\"_ _1\"></span>erm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _3\"></span>  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>eve<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>  pe<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>  di<span class=\"_ _3\"></span>  v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>or<span class=\"_ _3\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span>il  Gruppo  prende  in </span></span>considerazione <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _6\"></span>contabile <span class=\"_ _e\"></span>degli <span class=\"_ _e\"></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>macc<span class=\"_ _3\"></span>hinari<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>diritti <span class=\"_ _6\"> </span>d\u2019uso <span class=\"_ _e\"> </span>e <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>immateriali </span>confrontandolo  con  <span class=\"ff5\">l\u2019ammo<span class=\"_ _3\"></span>ntare  recuperabile  di  ta<span class=\"_ _3\"></span>li  attivit\u00e0  per  det<span class=\"_ _3\"></span>erminare  l\u2019importo <span class=\"_ _4\"> </span><span class=\"ff1\">di  eventuali  svalutazioni<span class=\"ls1e\">. </span></span></span>L\u2019ammontare <span class=\"_ _e\"> </span>recuperabile <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span><span class=\"ff1\">calcolato <span class=\"_ _e\"> </span>come <span class=\"_ _d\"> </span></span>valore <span class=\"_ _e\"> </span>d\u2019uso. <span class=\"_ _d\"> </span>Dove <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"> </span>possibile <span class=\"_ _e\"> </span>stimare <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _d\"> </span>recuperabile <span class=\"_ _e\"> </span>di un\u2019attivit\u00e0 individualmente, i<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>Gruppo effettua <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>stima del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>recuperabile dell\u2019unit\u00e0 <span class=\"_ _5\"></span>generatrice di <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>finanziari cui l\u2019attivit\u00e0 appartien<span class=\"_ _3\"></span>e. I flussi di cassa futuri sono attualizz<span class=\"_ _3\"></span>ati a un tasso di sconto (al netto delle<span class=\"_ _3\"></span> imposte) che rifle<span class=\"_ _7\"></span><span class=\"ff1\">tte </span>la valutazione corrente<span class=\"_ _3\"></span> del mercato e tiene c<span class=\"_ _3\"></span>onto dei rischi conn<span class=\"_ _3\"></span>essi alla specifica attivi<span class=\"_ _3\"></span>t\u00e0 aziendale.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-445": {
   "value": "P<span class=\"_ _3\"></span>ar<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>va<span class=\"_ _3\"></span>lu<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span> il<span class=\"_ _3\"></span> me<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>do<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span> n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> <span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>Le partecipazioni iscritte in <span class=\"_ _5\"></span>questa voce si riferiscono a </span></span>investimenti <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"> </span>carattere <span class=\"_ _e\"> </span>durevole <span class=\"_ _d\"> </span>in <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"> </span>collegate <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>joint <span class=\"_ _d\"> </span>venture.<span class=\"_ _5\"></span><span class=\"ff3\"> <span class=\"_ _d\"> </span><span class=\"ff5\">L\u2019eccedenza <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>costo <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>acquisizione </span></span>rispetto  alla  percentual<span class=\"_ _3\"></span>e  spettante  al  Gruppo  del  v<span class=\"_ _3\"></span>alore  corrente  delle  attivit\u00e0,  passi<span class=\"_ _3\"></span>vit\u00e0  e  passivit\u00e0  potenziali<span class=\"_ _3\"></span> identificabili della so<span class=\"_ _3\"></span>ciet\u00e0 alla data di a<span class=\"_ _3\"></span>cquisizione \u00e8 riconosciut<span class=\"_ _3\"></span>o come avviamento. <span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "P<span class=\"_ _3\"></span>ar<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>va<span class=\"_ _3\"></span>lu<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span> il<span class=\"_ _3\"></span> me<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>do<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span> n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> <span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>Le partecipazioni iscritte in <span class=\"_ _5\"></span>questa voce si riferiscono a </span></span>investimenti <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"> </span>carattere <span class=\"_ _e\"> </span>durevole <span class=\"_ _d\"> </span>in <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"> </span>collegate <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>joint <span class=\"_ _d\"> </span>venture.<span class=\"_ _5\"></span><span class=\"ff3\"> <span class=\"_ _d\"> </span><span class=\"ff5\">L\u2019eccedenza <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>costo <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>acquisizione </span></span>rispetto  alla  percentual<span class=\"_ _3\"></span>e  spettante  al  Gruppo  del  v<span class=\"_ _3\"></span>alore  corrente  delle  attivit\u00e0,  passi<span class=\"_ _3\"></span>vit\u00e0  e  passivit\u00e0  potenziali<span class=\"_ _3\"></span> identificabili della so<span class=\"_ _3\"></span>ciet\u00e0 alla data di a<span class=\"_ _3\"></span>cquisizione \u00e8 riconosciut<span class=\"_ _3\"></span>o come avviamento. <span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "P<span class=\"_ _3\"></span>ar<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>va<span class=\"_ _3\"></span>lu<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span> il<span class=\"_ _3\"></span> me<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>do<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span> n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> <span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>Le partecipazioni iscritte in <span class=\"_ _5\"></span>questa voce si riferiscono a </span></span>investimenti <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"> </span>carattere <span class=\"_ _e\"> </span>durevole <span class=\"_ _d\"> </span>in <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"> </span>collegate <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>joint <span class=\"_ _d\"> </span>venture.<span class=\"_ _5\"></span><span class=\"ff3\"> <span class=\"_ _d\"> </span><span class=\"ff5\">L\u2019eccedenza <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>costo <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>acquisizione </span></span>rispetto  alla  percentual<span class=\"_ _3\"></span>e  spettante  al  Gruppo  del  v<span class=\"_ _3\"></span>alore  corrente  delle  attivit\u00e0,  passi<span class=\"_ _3\"></span>vit\u00e0  e  passivit\u00e0  potenziali<span class=\"_ _3\"></span> identificabili della so<span class=\"_ _3\"></span>ciet\u00e0 alla data di a<span class=\"_ _3\"></span>cquisizione \u00e8 riconosciut<span class=\"_ _3\"></span>o come avviamento. <span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>pa<span class=\"_ _3\"></span>rt<span class=\"_ _1\"></span>eci<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>az<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span></span>Appartengono <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>questa <span class=\"_ _5\"></span>categoria <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>partecipazio<span class=\"_ _3\"></span>ni <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>rientranti <span class=\"_ _5\"></span>nell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consolidamento, </span>incluse le partecipazioni in societ\u00e0 c<span class=\"_ _5\"></span>ontrollate, collegate e joint venture la cui <span class=\"_ _5\"></span>entit\u00e0 \u00e8 irrilevante. Per tali <span class=\"_ _5\"></span>investiment<span class=\"_ _7\"></span><span class=\"ls23\">i, </span>al <span class=\"_ _8\"> </span>momento <span class=\"_ _10\"> </span>della <span class=\"_ _8\"> </span>rilevazione <span class=\"_ _8\"> </span>inizia<span class=\"_ _3\"></span>le, <span class=\"_ _8\"> </span>viene <span class=\"_ _10\"> </span>specificatamente <span class=\"_ _8\"> </span>previsto <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>modo <span class=\"_ _8\"> </span>irrevocab<span class=\"_ _3\"></span>ile <span class=\"_ _8\"> </span>se <span class=\"_ _8\"> </span>le <span class=\"_ _10\"> </span>variazioni successive <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>f<span class=\"_ _5\"></span>air <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _7\"></span>rilevate <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>componenti <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mplessivo<span class=\"_ _3\"></span>; <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>caso <span class=\"_ _7\"></span>contrario <span class=\"_ _6\"></span>le variazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>periodicamente <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>rischio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>erivante <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>perdi<span class=\"_ _3\"></span>te eccedenti <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>car<span class=\"_ _5\"></span>ico d<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>partecipazione \u00e8 <span class=\"_ _7\"></span>rilevato <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>apposito <span class=\"_ _5\"></span>fondo <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>misura <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>partecipante <span class=\"_ _5\"></span>\u00e8 impegnata <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>adempiere <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>obbligazioni <span class=\"_ _5\"></span>legali <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>implicite <span class=\"_ _5\"></span>nei <span class=\"_ _5\"></span>confronti <span class=\"_ _7\"></span>dell\u2019impresa <span class=\"_ _5\"></span>partecipata <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>comunque <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>coprire le sue perdite. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-446": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>fi<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>nz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _e\"></span><span class=\"ff1\">Il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"> </span>classifica <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>finanziarie <span class=\"_ _e\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>del <span class=\"_ _e\"> </span>modello <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>business <span class=\"_ _e\"></span>adottato <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>la </span>gestione <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>stesse <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>caratteristiche <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>finanziari <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontrattuali. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>con<span class=\"_ _3\"></span>dizioni precedenti le attivit\u00e0 <span class=\"_ _3\"></span>finanziarie vengono<span class=\"_ _3\"></span> successivamente val<span class=\"_ _3\"></span>utate al:<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">costo ammortizzato; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fair value rilevato nel<span class=\"_ _3\"></span>le altre componenti di <span class=\"_ _3\"></span>conto economico comples<span class=\"_ _3\"></span>sivo;<span class=\"_ _5\"></span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">fair value rilevato nel<span class=\"_ _3\"></span>l\u2019utile (perdita) d\u2019eserc<span class=\"_ _3\"></span>izio.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span>Il management determ<span class=\"_ _3\"></span>ina la classificazion<span class=\"_ _3\"></span>e delle stesse irrevoc<span class=\"_ _3\"></span>abilmente al momento d<span class=\"_ _3\"></span>ella loro prima iscrizio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span> C<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _d\"> </span><span class=\"ff1\">In <span class=\"_ _e\"> </span>tale <span class=\"_ _e\"> </span>categoria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"> </span>incluse <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>at<span class=\"_ _5\"></span>tivit\u00e0 <span class=\"_ _6\"></span>non <span class=\"_ _e\"> </span>rappresentate <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"> </span>derivati <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>non </span>quotate <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>merc<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>attivo, <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttesi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>agamenti <span class=\"_ _5\"></span>fissi <span class=\"_ _7\"></span>o<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>determinabili. <span class=\"_ _7\"></span>Dal<span class=\"_ _75\"> </span>momento <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odello <span class=\"_ _7\"></span>di<span class=\"_ _75\"> </span>business <span class=\"_ _f\"> </span>generalmente <span class=\"_ _f\"> </span>adottato <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>prevede <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>detenere <span class=\"_ _f\"> </span>tali <span class=\"_ _f\"> </span>strumenti  fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _f\"> </span>unicamente <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>di incassare <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>finanziari <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrattuali, <span class=\"_ _5\"></span>essi <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>valutati <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>ammortizzato <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>todo <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i interesse <span class=\"_ _e\"> </span>effettivo. <span class=\"_ _d\"> </span>Il <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"> </span>delle <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>ridotto <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>considerazione <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>erdite <span class=\"_ _e\"></span>attese <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _e\"> </span>informazioni, disponibili senza one<span class=\"_ _3\"></span>ri o sforzi irragionevoli<span class=\"_ _3\"></span>, che includono dati s<span class=\"_ _3\"></span>torici, attuali e prosp<span class=\"_ _3\"></span>ettici.<span class=\"_ _75\"> </span>Le p<span class=\"_ _5\"></span>erdite di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>determinat<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>attraverso impairment <span class=\"_ _5\"></span>test sono <span class=\"_ _5\"></span>rilevate a<span class=\"_ _5\"></span> conto <span class=\"_ _5\"></span>economico, cos\u00ec <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>gli eventuali successivi ripristini di <span class=\"_ _3\"></span>valore.  Tali <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>classificate <span class=\"_ _7\"></span>come <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti, <span class=\"_ _7\"></span>salvo <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>ote <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>superiore <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>12 <span class=\"_ _7\"></span>mesi, <span class=\"_ _7\"></span>che vengono incluse tra l<span class=\"_ _3\"></span>e attivit\u00e0 non correnti. Sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categor<span class=\"_ _3\"></span>ia, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>dall\u2019interpreta<span class=\"_ _3\"></span>zione <span class=\"_ _6\"></span>Ifric <span class=\"_ _6\"></span>12, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>correl<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quei servizi <span class=\"_ _6\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>concessione <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _e\"></span>quali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"></span>contrattuale <span class=\"_ _6\"></span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>disponibilit\u00e0 liquide <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncedente <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>costruzione <span class=\"_ _5\"></span>resi. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>financial <span class=\"_ _5\"></span>asset <span class=\"_ _5\"></span>model <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>utilizzato <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>contratti riguardanti l\u2019erogazione<span class=\"_ _3\"></span> di servizi di <span class=\"_ _5\"></span>pubblica illumina<span class=\"_ _3\"></span>zione, in considerazione delle caratteristic<span class=\"_ _3\"></span>he degli stessi, nel cui ambito <span class=\"_ _4\"> </span>s<span class=\"_ _5\"></span>empre <span class=\"_ _4\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>spesso <span class=\"_ _4\"> </span>il <span class=\"_ _10\"> </span>concedente <span class=\"_ _10\"> </span>g<span class=\"_ _3\"></span>arantisce <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>concessionario <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>importo <span class=\"_ _4\"> </span>determinato, <span class=\"_ _10\"> </span>o <span class=\"_ _4\"> </span>comunque attendibilmente <span class=\"_ _e\"> </span>determinabile, <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>funzione <span class=\"_ _e\"> </span>dello <span class=\"_ _d\"> </span>sfruttamento <span class=\"_ _d\"> </span>dell\u2019infrastruttura <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>parte <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>cliente <span class=\"_ _d\"> </span>finale. <span class=\"_ _d\"> </span>In applicazione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ale <span class=\"_ _d\"> </span>modello, <span class=\"_ _d\"> </span>viene <span class=\"_ _d\"> </span>rilevata <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>bilancio <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>finanziaria <span class=\"_ _d\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>concedente <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>un ammontare pari al fair <span class=\"_ _3\"></span>value dei servizi di co<span class=\"_ _3\"></span>struzione resi.<span class=\"_ _75\"> </span>A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>ie a<span class=\"_ _3\"></span>l f<span class=\"_ _3\"></span>ai<span class=\"_ _1\"></span>r v<span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e r<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span>vat<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> n<span class=\"_ _3\"></span>el<span class=\"_ _3\"></span>le<span class=\"_ _1\"></span> alt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ti d<span class=\"_ _3\"></span>i c<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ssi<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>Rientrano in <span class=\"_ _5\"></span>tale </span></span>categoria <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>attivit\u00e0, <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>iverse <span class=\"_ _e\"> </span>dagli <span class=\"_ _d\"> </span>strumenti <span class=\"_ _d\"> </span>derivati, <span class=\"_ _d\"> </span>possedute <span class=\"_ _e\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>fine <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>percepire <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>finanziari contrattuali (rappres<span class=\"_ _3\"></span>entati da pagamenti d<span class=\"_ _3\"></span>el capitale e dell\u2019intere<span class=\"_ _3\"></span>sse) oppure per la mo<span class=\"_ _3\"></span>netizzazione tramite v<span class=\"_ _3\"></span>endita.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Tali <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>quest\u2019ultimo <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>facendo <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>prezzi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>mercato <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di bilancio <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>tecniche <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>modelli <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>finanzia<span class=\"_ _3\"></span>ria. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>classificazione, <span class=\"_ _6\"></span>quale <span class=\"_ _6\"></span>attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>corrente <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>non corrente, <span class=\"_ _6\"></span>dipend<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>intenzio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>manageme<span class=\"_ _3\"></span>nt <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>reale <span class=\"_ _6\"></span>negoziabilit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>titolo <span class=\"_ _6\"></span>stesso: <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le attivit\u00e0 correnti qu<span class=\"_ _3\"></span>elle il cui realizzo \u00e8 atteso n<span class=\"_ _3\"></span>ei successivi 12 mesi.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>fi<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>nz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _e\"></span><span class=\"ff1\">Il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"> </span>classifica <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>finanziarie <span class=\"_ _e\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>del <span class=\"_ _e\"> </span>modello <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>business <span class=\"_ _e\"></span>adottato <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>la </span>gestione <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>stesse <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>caratteristiche <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>finanziari <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontrattuali. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>con<span class=\"_ _3\"></span>dizioni precedenti le attivit\u00e0 <span class=\"_ _3\"></span>finanziarie vengono<span class=\"_ _3\"></span> successivamente val<span class=\"_ _3\"></span>utate al:<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">costo ammortizzato; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fair value rilevato nel<span class=\"_ _3\"></span>le altre componenti di <span class=\"_ _3\"></span>conto economico comples<span class=\"_ _3\"></span>sivo;<span class=\"_ _5\"></span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">fair value rilevato nel<span class=\"_ _3\"></span>l\u2019utile (perdita) d\u2019eserc<span class=\"_ _3\"></span>izio.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span>Il management determ<span class=\"_ _3\"></span>ina la classificazion<span class=\"_ _3\"></span>e delle stesse irrevoc<span class=\"_ _3\"></span>abilmente al momento d<span class=\"_ _3\"></span>ella loro prima iscrizio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span> C<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _d\"> </span><span class=\"ff1\">In <span class=\"_ _e\"> </span>tale <span class=\"_ _e\"> </span>categoria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"> </span>incluse <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>at<span class=\"_ _5\"></span>tivit\u00e0 <span class=\"_ _6\"></span>non <span class=\"_ _e\"> </span>rappresentate <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"> </span>derivati <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>non </span>quotate <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>merc<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>attivo, <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttesi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>agamenti <span class=\"_ _5\"></span>fissi <span class=\"_ _7\"></span>o<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>determinabili. <span class=\"_ _7\"></span>Dal<span class=\"_ _75\"> </span>momento <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odello <span class=\"_ _7\"></span>di<span class=\"_ _75\"> </span>business <span class=\"_ _f\"> </span>generalmente <span class=\"_ _f\"> </span>adottato <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>prevede <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>detenere <span class=\"_ _f\"> </span>tali <span class=\"_ _f\"> </span>strumenti  fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _f\"> </span>unicamente <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>di incassare <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>finanziari <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrattuali, <span class=\"_ _5\"></span>essi <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>valutati <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>ammortizzato <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>todo <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i interesse <span class=\"_ _e\"> </span>effettivo. <span class=\"_ _d\"> </span>Il <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"> </span>delle <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>ridotto <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>considerazione <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>erdite <span class=\"_ _e\"></span>attese <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _e\"> </span>informazioni, disponibili senza one<span class=\"_ _3\"></span>ri o sforzi irragionevoli<span class=\"_ _3\"></span>, che includono dati s<span class=\"_ _3\"></span>torici, attuali e prosp<span class=\"_ _3\"></span>ettici.<span class=\"_ _75\"> </span>Le p<span class=\"_ _5\"></span>erdite di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>determinat<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>attraverso impairment <span class=\"_ _5\"></span>test sono <span class=\"_ _5\"></span>rilevate a<span class=\"_ _5\"></span> conto <span class=\"_ _5\"></span>economico, cos\u00ec <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>gli eventuali successivi ripristini di <span class=\"_ _3\"></span>valore.  Tali <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>classificate <span class=\"_ _7\"></span>come <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti, <span class=\"_ _7\"></span>salvo <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>ote <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>superiore <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>12 <span class=\"_ _7\"></span>mesi, <span class=\"_ _7\"></span>che vengono incluse tra l<span class=\"_ _3\"></span>e attivit\u00e0 non correnti. Sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categor<span class=\"_ _3\"></span>ia, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>dall\u2019interpreta<span class=\"_ _3\"></span>zione <span class=\"_ _6\"></span>Ifric <span class=\"_ _6\"></span>12, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>correl<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quei servizi <span class=\"_ _6\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>concessione <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _e\"></span>quali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"></span>contrattuale <span class=\"_ _6\"></span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>disponibilit\u00e0 liquide <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncedente <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>costruzione <span class=\"_ _5\"></span>resi. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>financial <span class=\"_ _5\"></span>asset <span class=\"_ _5\"></span>model <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>utilizzato <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>contratti riguardanti l\u2019erogazione<span class=\"_ _3\"></span> di servizi di <span class=\"_ _5\"></span>pubblica illumina<span class=\"_ _3\"></span>zione, in considerazione delle caratteristic<span class=\"_ _3\"></span>he degli stessi, nel cui ambito <span class=\"_ _4\"> </span>s<span class=\"_ _5\"></span>empre <span class=\"_ _4\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>spesso <span class=\"_ _4\"> </span>il <span class=\"_ _10\"> </span>concedente <span class=\"_ _10\"> </span>g<span class=\"_ _3\"></span>arantisce <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>concessionario <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>importo <span class=\"_ _4\"> </span>determinato, <span class=\"_ _10\"> </span>o <span class=\"_ _4\"> </span>comunque attendibilmente <span class=\"_ _e\"> </span>determinabile, <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>funzione <span class=\"_ _e\"> </span>dello <span class=\"_ _d\"> </span>sfruttamento <span class=\"_ _d\"> </span>dell\u2019infrastruttura <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>parte <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>cliente <span class=\"_ _d\"> </span>finale. <span class=\"_ _d\"> </span>In applicazione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ale <span class=\"_ _d\"> </span>modello, <span class=\"_ _d\"> </span>viene <span class=\"_ _d\"> </span>rilevata <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>bilancio <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>finanziaria <span class=\"_ _d\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>concedente <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>un ammontare pari al fair <span class=\"_ _3\"></span>value dei servizi di co<span class=\"_ _3\"></span>struzione resi.<span class=\"_ _75\"> </span>A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>ie a<span class=\"_ _3\"></span>l f<span class=\"_ _3\"></span>ai<span class=\"_ _1\"></span>r v<span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e r<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span>vat<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> n<span class=\"_ _3\"></span>el<span class=\"_ _3\"></span>le<span class=\"_ _1\"></span> alt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ti d<span class=\"_ _3\"></span>i c<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ssi<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>Rientrano in <span class=\"_ _5\"></span>tale </span></span>categoria <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>attivit\u00e0, <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>iverse <span class=\"_ _e\"> </span>dagli <span class=\"_ _d\"> </span>strumenti <span class=\"_ _d\"> </span>derivati, <span class=\"_ _d\"> </span>possedute <span class=\"_ _e\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>fine <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>percepire <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>finanziari contrattuali (rappres<span class=\"_ _3\"></span>entati da pagamenti d<span class=\"_ _3\"></span>el capitale e dell\u2019intere<span class=\"_ _3\"></span>sse) oppure per la mo<span class=\"_ _3\"></span>netizzazione tramite v<span class=\"_ _3\"></span>endita.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Tali <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>quest\u2019ultimo <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>facendo <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>prezzi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>mercato <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di bilancio <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>tecniche <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>modelli <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>finanzia<span class=\"_ _3\"></span>ria. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>classificazione, <span class=\"_ _6\"></span>quale <span class=\"_ _6\"></span>attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>corrente <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>non corrente, <span class=\"_ _6\"></span>dipend<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>intenzio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>manageme<span class=\"_ _3\"></span>nt <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>reale <span class=\"_ _6\"></span>negoziabilit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>titolo <span class=\"_ _6\"></span>stesso: <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le attivit\u00e0 correnti qu<span class=\"_ _3\"></span>elle il cui realizzo \u00e8 atteso n<span class=\"_ _3\"></span>ei successivi 12 mesi.A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>fi<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>nz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fa<span class=\"_ _3\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>val<span class=\"_ _1\"></span>ue<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>ri<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span>va<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>n<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>l\u2019u<span class=\"_ _1\"></span>til<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>(p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>a) <span class=\"_ _5\"></span>d\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>ciz<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"ff3\"> <span class=\"_ _6\"></span><span class=\"ff1\">Tale <span class=\"_ _5\"></span>categoria <span class=\"_ _7\"></span>include <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>finanziarie </span></span></span>acquisite <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scopo <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>negoziazione <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>bre<span class=\"_ _3\"></span>ve <span class=\"_ _7\"></span>termine, <span class=\"_ _7\"></span>oltre <span class=\"_ _6\"></span>agl<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>quali <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>rimanda <span class=\"_ _6\"></span>all<span class=\"_ _3\"></span>o <span class=\"_ _7\"></span>specifico paragrafo successiv<span class=\"_ _3\"></span>o.  Il <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>tali <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _6\"></span>viene <span class=\"_ _e\"> </span>determinato <span class=\"_ _e\"> </span>facendo <span class=\"_ _e\"> </span>riferimento <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>mercato <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>chiusura <span class=\"_ _e\"> </span>del periodo <span class=\"_ _5\"></span>oggetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>rilevazione. <span class=\"_ _5\"></span>La <span class=\"_ _7\"></span>classificazione <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>corrente <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>non <span class=\"_ _5\"></span>corrente <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>flette <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>attese <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>management<span class=\"_ _7\"></span><span class=\"ff16\"> <span class=\"_ _7\"></span></span>circa<span class=\"_ _75\"> </span>la <span class=\"_ _7\"></span>loro <span class=\"_ _5\"></span>negoziazione: <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>incluse <span class=\"_ _7\"></span>tra <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>quelle <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>cui <span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>goziazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ntro <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>12 <span class=\"_ _7\"></span>mesi <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>quelle identificate come deten<span class=\"_ _3\"></span>ute a scopo di negozi<span class=\"_ _3\"></span>azione. P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span><span class=\"ff1\">La <span class=\"_ _6\"></span>voce <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>inizialmente <span class=\"_ _7\"></span>rilevata <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrispondente<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>passivit\u00e0, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>netto<span class=\"_ _3\"></span> </span>dei  costi  di  transazione  che  sono  direttamente  attri<span class=\"_ _3\"></span>buibili  all\u2019emissione  della  passivit\u00e0 st<span class=\"_ _5\"></span>essa.  A  seguito  della<span class=\"_ _3\"></span> rilevazione <span class=\"_ _10\"> </span>iniziale, <span class=\"_ _10\"> </span>le <span class=\"_ _8\"> </span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _8\"> </span>fina<span class=\"_ _3\"></span>nziarie, <span class=\"_ _10\"> </span>a <span class=\"_ _8\"> </span>eccezi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>dei<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>derivati, <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>valutate <span class=\"_ _10\"> </span>con <span class=\"_ _8\"> </span>il <span class=\"_ _10\"> </span>criterio <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>osto<span class=\"_ _3\"></span> ammortizzato <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>metodo <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>tasso <span class=\"_ _f\"> </span>d\u2019interesse<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>effettivo <span class=\"_ _d\"> </span>originale. <span class=\"_ _f\"> </span>In <span class=\"_ _f\"> </span>caso <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>revisione <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>stime <span class=\"_ _f\"> </span>dei pagamenti, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>eccezioni <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>leasing, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ttifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>iscritta <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rovento <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>onere <span class=\"_ _5\"></span>a conto economico.<span class=\"_ _75\"> </span>S<span class=\"_ _3\"></span>tr<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>d<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _6\"></span>Il<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>etiene <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>allo <span class=\"_ _6\"></span>scopo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>coprire <span class=\"_ _6\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>propria <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>di </span></span>variazione dei tassi <span class=\"_ _5\"></span>d\u2019interesse, di cambio e al <span class=\"_ _5\"></span>rischio di variazione dei prezzi <span class=\"_ _5\"></span>del gas metano <span class=\"_ _5\"></span>e dell\u2019energia elettrica. In <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>tale <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>deve <span class=\"_ _6\"></span>gestire <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>rischi <span class=\"_ _6\"></span>legati <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>disallineame<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ndicizzazione <span class=\"_ _7\"></span>e prezzi <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>acquisto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>gas <span class=\"_ _7\"></span>ed <span class=\"_ _6\"></span>energ<span class=\"_ _3\"></span>ia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>indicizzazione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _7\"></span>legati <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>delle medesime<span class=\"ff16\"> <span class=\"_ _6\"></span></span>commodity. <span class=\"_ _7\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>adotta <span class=\"_ _7\"></span>strumenti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ris<span class=\"_ _3\"></span>chio <span class=\"_ _6\"></span>prezzo, <span class=\"_ _7\"></span>sia <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>quanto<span class=\"_ _3\"></span> riguarda <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>prezzo <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>merci <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>relativo <span class=\"_ _d\"> </span>cambio <span class=\"_ _d\"> </span>euro/dollaro, <span class=\"_ _e\"> </span>anche <span class=\"_ _d\"> </span>finalizzati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>prefissare <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>effetti <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ui margini di vendita in<span class=\"_ _3\"></span>dipendentemente dalle vari<span class=\"_ _3\"></span>azioni delle condizio<span class=\"_ _3\"></span>ni di mercato.<span class=\"_ _5\"></span> Con <span class=\"_ _5\"></span>riferimento ai <span class=\"_ _5\"></span>derivati su <span class=\"_ _5\"></span>commodity <span class=\"_ _5\"></span>l\u2019operativit\u00e0 \u00e8 <span class=\"_ _5\"></span>gestita t<span class=\"_ _5\"></span>ramite la <span class=\"_ _5\"></span>stipula <span class=\"_ _5\"></span>di s<span class=\"_ _5\"></span>trumenti finanziari Otc <span class=\"_ _6\"></span>\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>over <span class=\"_ _5\"></span>the </span>counter <span class=\"_ _6\"></span>(swap <span class=\"_ _6\"></span>su <span class=\"_ _e\"></span>indici), <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>su <span class=\"_ _6\"></span>valute <span class=\"_ _6\"></span>(acquisti <span class=\"_ _e\"></span>forward <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>dollari), <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>ne<span class=\"_ _5\"></span>goziati <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>piattaforme<span class=\"_ _3\"></span> regolamentate, <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _f\"> </span>tramite <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>intermediazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>prevedono <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>consegna <span class=\"_ _f\"> </span>fisica <span class=\"_ _f\"> </span>del  sotto<span class=\"_ _3\"></span>stante <span class=\"_ _10\"> </span><span class=\"ls10\">a </span>regolazione futura (cosiddetti contratti fisi<span class=\"_ _3\"></span>ci). In particolare, il trattament<span class=\"_ _3\"></span>o contabile dei contratti fisici vari<span class=\"_ _3\"></span>a in base alla loro <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inalit\u00e0: <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>contratti <span class=\"_ _5\"></span>riferibili <span class=\"_ _7\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>approvvigionamento <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>prevista <span class=\"_ _7\"></span>l\u2019own<span class=\"_ _7\"></span><span class=\"ff1\">-use <span class=\"_ _7\"></span>exemption <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ffetti </span>economici <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _7\"></span>per <span class=\"_ _6\"> </span>competenza <span class=\"_ _6\"></span>solo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mom<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>dell\u2019effettiva <span class=\"_ _7\"></span>consegna, <span class=\"_ _6\"></span>mentre <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>contrat<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>sottoscritti <span class=\"_ _6\"></span>con riferimento all\u2019attivit\u00e0 di gestione del rischio prezzo o del rischio volume sono equiparati a strumenti finanziari derivati<span class=\"_ _3\"></span> e <span class=\"_ _d\"> </span>valutati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _e\"> </span>fin <span class=\"_ _f\"> </span>dal <span class=\"_ _e\"> </span>momento <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tipula. <span class=\"_ _e\"> </span>Data <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>natura <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>fisici, <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>scopo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>dare <span class=\"_ _d\"> </span>una rappresentazione <span class=\"_ _d\"> </span>pi<span class=\"_ _5\"></span>\u00f9 <span class=\"_ _f\"> </span>coerente <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>reali <span class=\"_ _f\"> </span>transazioni <span class=\"_ _f\"> </span>effettuate, <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>momento <span class=\"_ _f\"> </span>dell\u2019esecuzione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indipendentemente dalla <span class=\"_ _6\"></span>finalit\u00e0 <span class=\"_ _e\"> </span>il <span class=\"_ _6\"></span>regolamento <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>rappresentato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"> </span>economico <span class=\"_ _e\"> </span>alternativamente <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"> </span>\u201cRicavi\u201d <span class=\"_ _e\"> </span>o <span class=\"_ _6\"></span>nella <span class=\"_ _e\"> </span>voce \u201cMaterie prime e mate<span class=\"_ _3\"></span>riali\u201d in ragione che <span class=\"_ _3\"></span>si tratti rispettivament<span class=\"_ _3\"></span>e di cessione o approvvigio<span class=\"_ _3\"></span>namento di commodi<span class=\"_ _3\"></span>ty.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Da <span class=\"_ _d\"> </span>un <span class=\"_ _d\"> </span>punto <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>ista <span class=\"_ _e\"> </span>operativo <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _d\"> </span>identificati <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>portafoglio <span class=\"_ _d\"> </span>commerciale, <span class=\"_ _e\"></span>dove <span class=\"_ _d\"> </span>rientrano <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"> </span>fisici <span class=\"_ _d\"> </span>e finanziari <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>ottoscritti <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>dell\u2019approvvigionam<span class=\"_ _3\"></span>ento, <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>un <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _e\"> </span>trading, <span class=\"_ _e\"> </span>dove <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>inclusi <span class=\"_ _e\"> </span>contratti fisici <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>sottoscritti in <span class=\"_ _5\"></span>ottica <span class=\"_ _5\"></span>speculativa, <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>logiche <span class=\"_ _5\"></span>di pos<span class=\"_ _5\"></span>ition taking <span class=\"_ _5\"></span>puro <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>volta <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>ritiene <span class=\"_ _6\"></span>vi <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>una opportunit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>mercat<span class=\"_ _3\"></span>o, <span class=\"_ _10\"> </span>sempre <span class=\"_ _10\"> </span>all\u2019interno <span class=\"_ _4\"> </span>dei <span class=\"_ _10\"> </span>limiti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>rischio <span class=\"_ _10\"> </span>definiti <span class=\"_ _10\"> </span>dal <span class=\"_ _10\"> </span>Consiglio <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>Amministrazion<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>della Capogruppo. Le <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>riferite <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>che, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>politiche <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rischio, <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>oddisfano <span class=\"_ _6\"></span>i requisiti <span class=\"_ _e\"></span>previsti <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>il <span class=\"_ _e\"></span>trattamento <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>hedge <span class=\"_ _e\"> </span>accounting <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>rilevate <span class=\"_ _d\"> </span>tra <span class=\"_ _e\"> </span>le <span class=\"_ _d\"> </span>altre <span class=\"_ _e\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico complessivo, <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>quelle che, <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ur <span class=\"_ _5\"></span>essendo p<span class=\"_ _5\"></span>oste <span class=\"_ _5\"></span>in e<span class=\"_ _5\"></span>ssere <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>l\u2019intento gestionale <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>soddisfano <span class=\"_ _5\"></span>i requisiti <span class=\"_ _6\"></span>richiesti <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>si <span class=\"_ _e\"></span>determinano. <span class=\"_ _7\"></span>L<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>identificate <span class=\"_ _6\"></span>si<span class=\"_ _3\"></span>n dalla  l<span class=\"_ _3\"></span>oro <span class=\"_ _f\"> </span>origine  come<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>speculative  sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>a  c<span class=\"_ _3\"></span>onto <span class=\"_ _f\"> </span>economico <span class=\"_ _f\"> </span>ne<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span>di  riferim<span class=\"_ _3\"></span>ento.  Il <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>air <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>\u00e8 determinato <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>modelli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>ade<span class=\"_ _5\"></span>guati <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _7\"></span>tipologi<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>strumento, <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>di riferimento come megl<span class=\"_ _3\"></span>io descritto in seguito. Ai f<span class=\"_ _5\"></span>ini della contabilizzazione, le operazioni di <span class=\"_ _5\"></span>copertura sono classificate come <span class=\"_ _5\"></span>fair value <span class=\"_ _5\"></span>hedge se sono <span class=\"_ _5\"></span>a fronte de<span class=\"_ _5\"></span>l rischio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>varia<span class=\"_ _3\"></span>zione, <span class=\"_ _6\"></span>rispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercato, <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>sottostante <span class=\"_ _7\"></span>oppure <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>cash <span class=\"_ _6\"></span>flow hedge se sono <span class=\"_ _5\"></span>a fronte del <span class=\"_ _5\"></span>rischio di variabilit\u00e0 nei flussi <span class=\"_ _5\"></span>finanziari derivanti sia da un\u2019attivit\u00e0 o p<span class=\"_ _5\"></span>assivit\u00e0 esistente si<span class=\"_ _6\"></span><span class=\"ff1 ls22\">a </span>da un\u2019operazione fut<span class=\"_ _3\"></span>ura, incluse le operazi<span class=\"_ _3\"></span>oni su commodity.<span class=\"ff1\"> </span>Per <span class=\"_ _f\"> </span>quanto  rig<span class=\"_ _3\"></span>uarda <span class=\"_ _f\"> </span>gli  strume<span class=\"_ _3\"></span>nti <span class=\"_ _f\"> </span>derivati  classi<span class=\"_ _3\"></span>ficati <span class=\"_ _f\"> </span>come  fai<span class=\"_ _3\"></span>r  valu<span class=\"_ _3\"></span>e  h<span class=\"_ _3\"></span>edge <span class=\"_ _f\"> </span>che  risp<span class=\"_ _3\"></span>ettano  l<span class=\"_ _3\"></span>e  c<span class=\"_ _3\"></span>ondizioni <span class=\"_ _f\"> </span>per  i<span class=\"_ _3\"></span>l trattamento <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>perd<span class=\"_ _5\"></span>ite d<span class=\"_ _5\"></span>erivanti <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>determinazione d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>loro <span class=\"_ _5\"></span>valore di <span class=\"_ _5\"></span>mercato <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>imputati a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico. <span class=\"_ _5\"></span>Allo <span class=\"_ _5\"></span>stesso te<span class=\"_ _5\"></span>mpo s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>imputati a <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>le perdite <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"> </span>dall\u2019adeguamento <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>dell\u2019elemento <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>copertura <span class=\"_ _e\"> </span>limitatamente <span class=\"_ _e\"> </span>al rischio coperto. Per <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>deriv<span class=\"_ _3\"></span>ati <span class=\"_ _6\"></span>classificati <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ash <span class=\"_ _6\"></span>flow <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>edge, <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>alificano <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>tali, <span class=\"_ _6\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue<span class=\"_ _3\"></span> vengono <span class=\"_ _5\"></span>rilevate, l<span class=\"_ _5\"></span>imitatamente alla <span class=\"_ _5\"></span>sola <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>efficace, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>specifica <span class=\"_ _5\"></span>riserva <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>definita <span class=\"_ _5\"></span>\u201cRiserva<span class=\"_ _3\"></span> strumenti derivati <span class=\"_ _3\"></span>valutati al fair value\u201d attr<span class=\"_ _3\"></span>averso il conto econ<span class=\"_ _3\"></span>omico complessivo.<span class=\"_ _75\"> </span>Tale <span class=\"_ _e\"></span>riserva <span class=\"_ _e\"></span>viene <span class=\"_ _6\"></span>successivamente <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ilevata <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>manifestazione <span class=\"_ _6\"></span>economica <span class=\"_ _e\"></span>del sottostante <span class=\"_ _7\"></span>oggetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>copertura. <span class=\"_ _7\"></span>La <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fai<span class=\"_ _3\"></span>r <span class=\"_ _7\"></span>value<span class=\"_ _5\"></span><span class=\"ff16\"> <span class=\"_ _6\"></span></span>riferibile <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>porzione <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>efficace <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>immediatamente rilevata <span class=\"ls10\">ne</span>l conto e<span class=\"_ _3\"></span>conomico di period<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span>Qualora <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>verificarsi <span class=\"_ _4\"> </span>dell\u2019operazione <span class=\"_ _10\"> </span>sottostante <span class=\"_ _4\"> </span>n<span class=\"_ _5\"></span>on <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>considera<span class=\"_ _3\"></span>ta <span class=\"_ _10\"> </span>altamente <span class=\"_ _10\"> </span>probabile, <span class=\"_ _4\"> </span>o <span class=\"_ _10\"> </span>non <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 dimostrabile <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>lazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>corrispondente <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>\u201cRiserva <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutati <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value\u201d viene immediatamente<span class=\"_ _3\"></span> riversata a conto eco<span class=\"_ _3\"></span>nomico. Qualora, <span class=\"_ _5\"></span>invece, l<span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>strumento der<span class=\"_ _5\"></span>ivato sia <span class=\"_ _5\"></span>ceduto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>pertanto <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>qualifichi <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>copertura <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>rischio e<span class=\"_ _5\"></span>fficac<span class=\"_ _3\"></span>e a fronte del quale l\u2019o<span class=\"_ _3\"></span>perazione era stata <span class=\"_ _3\"></span>posta in essere, la quota di \u201cR<span class=\"_ _3\"></span>iserva strumenti deriv<span class=\"_ _3\"></span>ati valutati al fair value\u201d a<span class=\"_ _1\"></span> esso relativa viene ma<span class=\"_ _3\"></span>ntenuta sino a quando n<span class=\"_ _3\"></span>on si manifestano<span class=\"_ _3\"></span> gli effetti economici del <span class=\"_ _3\"></span>contratto sottostante.<span class=\"_ _5\"></span> Il Gruppo, laddove n<span class=\"_ _3\"></span>e sussistano i requi<span class=\"_ _3\"></span>siti, applica la fair valu<span class=\"_ _3\"></span>e option.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "C<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _d\"> </span><span class=\"ff1\">In <span class=\"_ _e\"> </span>tale <span class=\"_ _e\"> </span>categoria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"> </span>incluse <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>at<span class=\"_ _5\"></span>tivit\u00e0 <span class=\"_ _6\"></span>non <span class=\"_ _e\"> </span>rappresentate <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"> </span>derivati <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>non </span>quotate <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>merc<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>attivo, <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttesi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>agamenti <span class=\"_ _5\"></span>fissi <span class=\"_ _7\"></span>o<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>determinabili. <span class=\"_ _7\"></span>Dal<span class=\"_ _75\"> </span>momento <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odello <span class=\"_ _7\"></span>di<span class=\"_ _75\"> </span>business <span class=\"_ _f\"> </span>generalmente <span class=\"_ _f\"> </span>adottato <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>prevede <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>detenere <span class=\"_ _f\"> </span>tali <span class=\"_ _f\"> </span>strumenti  fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _f\"> </span>unicamente <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>di incassare <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>finanziari <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrattuali, <span class=\"_ _5\"></span>essi <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>valutati <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>ammortizzato <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>todo <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i interesse <span class=\"_ _e\"> </span>effettivo. <span class=\"_ _d\"> </span>Il <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"> </span>delle <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>ridotto <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>considerazione <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>erdite <span class=\"_ _e\"></span>attese <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _e\"> </span>informazioni, disponibili senza one<span class=\"_ _3\"></span>ri o sforzi irragionevoli<span class=\"_ _3\"></span>, che includono dati s<span class=\"_ _3\"></span>torici, attuali e prosp<span class=\"_ _3\"></span>ettici.<span class=\"_ _75\"> </span>Le p<span class=\"_ _5\"></span>erdite di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>determinat<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>attraverso impairment <span class=\"_ _5\"></span>test sono <span class=\"_ _5\"></span>rilevate a<span class=\"_ _5\"></span> conto <span class=\"_ _5\"></span>economico, cos\u00ec <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>gli eventuali successivi ripristini di <span class=\"_ _3\"></span>valore.  Tali <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>classificate <span class=\"_ _7\"></span>come <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti, <span class=\"_ _7\"></span>salvo <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>ote <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>superiore <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>12 <span class=\"_ _7\"></span>mesi, <span class=\"_ _7\"></span>che vengono incluse tra l<span class=\"_ _3\"></span>e attivit\u00e0 non correnti. Sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categor<span class=\"_ _3\"></span>ia, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>dall\u2019interpreta<span class=\"_ _3\"></span>zione <span class=\"_ _6\"></span>Ifric <span class=\"_ _6\"></span>12, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>correl<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>quei servizi <span class=\"_ _6\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>concessione <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _e\"></span>quali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"></span>contrattuale <span class=\"_ _6\"></span>incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ricevere <span class=\"_ _6\"></span>disponibilit\u00e0 liquide <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncedente <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>costruzione <span class=\"_ _5\"></span>resi. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>financial <span class=\"_ _5\"></span>asset <span class=\"_ _5\"></span>model <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>utilizzato <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>contratti riguardanti l\u2019erogazione<span class=\"_ _3\"></span> di servizi di <span class=\"_ _5\"></span>pubblica illumina<span class=\"_ _3\"></span>zione, in considerazione delle caratteristic<span class=\"_ _3\"></span>he degli stessi, nel cui ambito <span class=\"_ _4\"> </span>s<span class=\"_ _5\"></span>empre <span class=\"_ _4\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>spesso <span class=\"_ _4\"> </span>il <span class=\"_ _10\"> </span>concedente <span class=\"_ _10\"> </span>g<span class=\"_ _3\"></span>arantisce <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>concessionario <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>importo <span class=\"_ _4\"> </span>determinato, <span class=\"_ _10\"> </span>o <span class=\"_ _4\"> </span>comunque attendibilmente <span class=\"_ _e\"> </span>determinabile, <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>funzione <span class=\"_ _e\"> </span>dello <span class=\"_ _d\"> </span>sfruttamento <span class=\"_ _d\"> </span>dell\u2019infrastruttura <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>parte <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>cliente <span class=\"_ _d\"> </span>finale. <span class=\"_ _d\"> </span>In applicazione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ale <span class=\"_ _d\"> </span>modello, <span class=\"_ _d\"> </span>viene <span class=\"_ _d\"> </span>rilevata <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>bilancio <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>finanziaria <span class=\"_ _d\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>concedente <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>un ammontare pari al fair <span class=\"_ _3\"></span>value dei servizi di co<span class=\"_ _3\"></span>struzione resi.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>ie a<span class=\"_ _3\"></span>l f<span class=\"_ _3\"></span>ai<span class=\"_ _1\"></span>r v<span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e r<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span>vat<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> n<span class=\"_ _3\"></span>el<span class=\"_ _3\"></span>le<span class=\"_ _1\"></span> alt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ti d<span class=\"_ _3\"></span>i c<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ssi<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>Rientrano in <span class=\"_ _5\"></span>tale </span></span>categoria <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>attivit\u00e0, <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>iverse <span class=\"_ _e\"> </span>dagli <span class=\"_ _d\"> </span>strumenti <span class=\"_ _d\"> </span>derivati, <span class=\"_ _d\"> </span>possedute <span class=\"_ _e\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>fine <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>percepire <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>finanziari contrattuali (rappres<span class=\"_ _3\"></span>entati da pagamenti d<span class=\"_ _3\"></span>el capitale e dell\u2019intere<span class=\"_ _3\"></span>sse) oppure per la mo<span class=\"_ _3\"></span>netizzazione tramite v<span class=\"_ _3\"></span>endita.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Tali <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>quest\u2019ultimo <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>facendo <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>prezzi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>mercato <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di bilancio <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>tecniche <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>modelli <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>finanzia<span class=\"_ _3\"></span>ria. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>classificazione, <span class=\"_ _6\"></span>quale <span class=\"_ _6\"></span>attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>corrente <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>non corrente, <span class=\"_ _6\"></span>dipend<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>intenzio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>manageme<span class=\"_ _3\"></span>nt <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>reale <span class=\"_ _6\"></span>negoziabilit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>titolo <span class=\"_ _6\"></span>stesso: <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le attivit\u00e0 correnti qu<span class=\"_ _3\"></span>elle il cui realizzo \u00e8 atteso n<span class=\"_ _3\"></span>ei successivi 12 mesi.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHeldtomaturityInvestmentsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>ie a<span class=\"_ _3\"></span>l f<span class=\"_ _3\"></span>ai<span class=\"_ _1\"></span>r v<span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e r<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span>vat<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> n<span class=\"_ _3\"></span>el<span class=\"_ _3\"></span>le<span class=\"_ _1\"></span> alt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ti d<span class=\"_ _3\"></span>i c<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ssi<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>Rientrano in <span class=\"_ _5\"></span>tale </span></span>categoria <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>attivit\u00e0, <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>iverse <span class=\"_ _e\"> </span>dagli <span class=\"_ _d\"> </span>strumenti <span class=\"_ _d\"> </span>derivati, <span class=\"_ _d\"> </span>possedute <span class=\"_ _e\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>fine <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>percepire <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>finanziari contrattuali (rappres<span class=\"_ _3\"></span>entati da pagamenti d<span class=\"_ _3\"></span>el capitale e dell\u2019intere<span class=\"_ _3\"></span>sse) oppure per la mo<span class=\"_ _3\"></span>netizzazione tramite v<span class=\"_ _3\"></span>endita.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Tali <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>quest\u2019ultimo <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>facendo <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>prezzi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>mercato <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di bilancio <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>tecniche <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>modelli <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>finanzia<span class=\"_ _3\"></span>ria. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>classificazione, <span class=\"_ _6\"></span>quale <span class=\"_ _6\"></span>attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>corrente <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>non corrente, <span class=\"_ _6\"></span>dipend<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>intenzio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>manageme<span class=\"_ _3\"></span>nt <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>reale <span class=\"_ _6\"></span>negoziabilit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>titolo <span class=\"_ _6\"></span>stesso: <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le attivit\u00e0 correnti qu<span class=\"_ _3\"></span>elle il cui realizzo \u00e8 atteso n<span class=\"_ _3\"></span>ei successivi 12 mesi.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-428": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>fi<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>nz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fa<span class=\"_ _3\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>val<span class=\"_ _1\"></span>ue<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>ri<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span>va<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>n<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>l\u2019u<span class=\"_ _1\"></span>til<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>(p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>a) <span class=\"_ _5\"></span>d\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>ciz<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"ff3\"> <span class=\"_ _6\"></span><span class=\"ff1\">Tale <span class=\"_ _5\"></span>categoria <span class=\"_ _7\"></span>include <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>finanziarie </span></span></span>acquisite <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scopo <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>negoziazione <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>bre<span class=\"_ _3\"></span>ve <span class=\"_ _7\"></span>termine, <span class=\"_ _7\"></span>oltre <span class=\"_ _6\"></span>agl<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>quali <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>rimanda <span class=\"_ _6\"></span>all<span class=\"_ _3\"></span>o <span class=\"_ _7\"></span>specifico paragrafo successiv<span class=\"_ _3\"></span>o.  Il <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>tali <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _6\"></span>viene <span class=\"_ _e\"> </span>determinato <span class=\"_ _e\"> </span>facendo <span class=\"_ _e\"> </span>riferimento <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>mercato <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>chiusura <span class=\"_ _e\"> </span>del periodo <span class=\"_ _5\"></span>oggetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>rilevazione. <span class=\"_ _5\"></span>La <span class=\"_ _7\"></span>classificazione <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>corrente <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>non <span class=\"_ _5\"></span>corrente <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>flette <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>attese <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>management<span class=\"_ _7\"></span><span class=\"ff16\"> <span class=\"_ _7\"></span></span>circa<span class=\"_ _75\"> </span>la <span class=\"_ _7\"></span>loro <span class=\"_ _5\"></span>negoziazione: <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>incluse <span class=\"_ _7\"></span>tra <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>quelle <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>cui <span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>goziazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ntro <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>12 <span class=\"_ _7\"></span>mesi <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>quelle identificate come deten<span class=\"_ _3\"></span>ute a scopo di negozi<span class=\"_ _3\"></span>azione. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": "D<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _e\"> </span>liq<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>id<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>me<span class=\"_ _3\"></span>zz<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>eq<span class=\"_ _3\"></span>ui<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i <span class=\"_ _e\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _d\"> </span><span class=\"ff1\">La <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>oce <span class=\"_ _d\"> </span>relativa <span class=\"_ _e\"> </span>alle <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>isponibilit\u00e0 <span class=\"_ _e\"></span>liquide <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>mezzi <span class=\"_ _e\"> </span>equivalenti <span class=\"_ _d\"> </span>include </span>cassa, <span class=\"_ _d\"> </span>conti <span class=\"_ _f\"> </span>correnti <span class=\"_ _d\"> </span>bancari <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>depositi <span class=\"_ _d\"> </span>rimborsabili <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>domanda <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ltri <span class=\"_ _d\"> </span>investimenti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>breve <span class=\"_ _d\"> </span>termine <span class=\"_ _f\"> </span>a elevata  liquidit\u00e0  che  sono  prontamente  convertibili  in  cassa  e<span class=\"_ _5\"></span>  sono  soggetti  a  un <span class=\"_ _4\"> </span>rischio  non <span class=\"_ _4\"> </span>significativo  di variazione di valore. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": "C<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>co<span class=\"_ _1\"></span>mm<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013</span><span class=\"fs7\"> <span class=\"_ _d\"> </span></span><span class=\"ff1\">Si <span class=\"_ _e\"> </span>riferiscono <span class=\"_ _e\"> </span>ad <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _d\"> </span>rapporti <span class=\"_ _e\"></span>commerciali <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>fornitura <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>beni <span class=\"_ _d\"> </span>e </span>servizi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>ammortizzato <span class=\"_ _7\"></span>rettificato per <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>perdite <span class=\"_ _5\"></span>attese <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Tali <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>liminate d<span class=\"_ _5\"></span>al bilancio in caso di ce<span class=\"_ _3\"></span>ssione che trasferisca a<span class=\"_ _3\"></span> terzi tutti i rischi e b<span class=\"_ _3\"></span>enefici connessi alla loro<span class=\"_ _3\"></span> gestione.<span class=\"_ _75\"> </span>A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>iv<span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i <span class=\"ff5\">\u2013</span><span class=\"fs7\"> </span><span class=\"ff1\">Sono iscritte <span class=\"_ _3\"></span>al valore nominale eventual<span class=\"_ _3\"></span>mente rettificato per perdite di valore, cor<span class=\"_ _3\"></span>rispondente </span>al costo ammortizzato.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "Ti<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>am<span class=\"_ _1\"></span>bi<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>li <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _d\"> </span>I<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>so<span class=\"_ _5\"></span>ggetto <span class=\"_ _e\"></span>alle <span class=\"_ _d\"> </span>diverse <span class=\"_ _e\"> </span>normative <span class=\"_ _d\"> </span>emanate <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>ambito <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>mbientale <span class=\"_ _e\"></span>che <span class=\"_ _d\"> </span>prevedono <span class=\"_ _d\"> </span>il<span class=\"_ _3\"></span> </span></span>rispetto <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>vincoli  pr<span class=\"_ _3\"></span>efissati <span class=\"_ _f\"> </span>attraverso  l<span class=\"_ _3\"></span>\u2019utilizzo <span class=\"_ _f\"> </span>di  c<span class=\"_ _3\"></span>ertificati <span class=\"_ _f\"> </span>o  tit<span class=\"_ _3\"></span>oli. <span class=\"_ _f\"> </span>Il  Grupp<span class=\"_ _3\"></span>o <span class=\"_ _f\"> </span>\u00e8  quindi <span class=\"_ _f\"> </span>tenuto <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>soddisfare <span class=\"_ _f\"> </span>un fabbisogno <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>termini <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>certificati <span class=\"_ _f\"> </span>grigi <span class=\"_ _d\"> </span>(emission <span class=\"_ _f\"> </span>trading) <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>certificati <span class=\"_ _f\"> </span>bianchi <span class=\"_ _f\"> </span>(titoli <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>efficienza <span class=\"_ _f\"> </span>energetica). <span class=\"_ _d\"> </span>Lo sviluppo dei <span class=\"_ _5\"></span>mercati sui <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>questi titoli/certificati sono trattati ha <span class=\"_ _5\"></span>inoltre <span class=\"_ _5\"></span>permesso l\u2019avvio di <span class=\"_ _5\"></span>un\u2019attivit\u00e0 di <span class=\"_ _5\"></span>trading.<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>La </span>valutazione dei titoli <span class=\"_ _3\"></span>\u00e8 effettuata in relazi<span class=\"_ _3\"></span>one alla destinazione a<span class=\"_ _3\"></span> essi attribuita.<span class=\"_ _5\"></span> I <span class=\"_ _6\"></span>titoli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>poss<span class=\"_ _3\"></span>eduti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>soddisfar<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>bisogno <span class=\"_ _6\"></span>azien<span class=\"_ _3\"></span>dale <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _7\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo. <span class=\"_ _6\"></span>Qualora <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>titoli <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>portaf<span class=\"_ _3\"></span>ogli<span class=\"_ _6\"></span><span class=\"ls22\">o </span>non <span class=\"_ _e\"></span>fossero <span class=\"_ _e\"></span>sufficienti <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>soddisfare <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>fabbisogno <span class=\"_ _e\"></span>viene <span class=\"_ _e\"></span>iscritta <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>garantire <span class=\"_ _e\"></span>adeguata <span class=\"_ _6\"></span>copertura <span class=\"_ _e\"></span>al<span class=\"_ _75\"> </span>momento <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>consegna <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>titoli <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>gestore. <span class=\"_ _6\"></span>I <span class=\"_ _7\"></span>titoli <span class=\"_ _6\"></span>destinati <span class=\"_ _7\"></span>alla <span class=\"_ _e\"> </span>negoziazione <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>iscritti <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valuta<span class=\"_ _3\"></span>ti mediante iscrizione <span class=\"_ _3\"></span>del fair value a cont<span class=\"_ _3\"></span>o economico.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-29": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i d<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span>iva<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> da<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>n <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>cl<span class=\"_ _3\"></span>ie<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>i <span class=\"ff5\">\u2013<span class=\"_ _3\"></span><span class=\"ff1\"> La voce accoglie la rilevazione dei lavori in corso <span class=\"_ _5\"></span><span class=\"ls12\">su</span> ordinazione </span></span>per <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onto <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>clienti<span class=\"ls1e\">. <span class=\"_ _6\"></span></span>Qua<span class=\"_ _3\"></span>ndo <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>risultato <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _7\"></span>commessa <span class=\"_ _7\"></span>pu\u00f2 <span class=\"_ _6\"></span>essere <span class=\"_ _7\"></span>stimato <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>attendibilit\u00e0,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>lavori <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>su ordinazione sono valutati sulla base dei corrispettivi contratt<span class=\"_ _3\"></span>uali maturati con ragionevole certezza, secondo il criteri<span class=\"_ _3\"></span>o della <span class=\"_ _e\"></span>percentuale <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>completamento, <span class=\"_ _e\"></span>cos\u00ec <span class=\"_ _e\"></span>da <span class=\"_ _e\"> </span>attribuire <span class=\"_ _e\"> </span>i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>risultato <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>commessa <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>singoli esercizi <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mpeten<span class=\"_ _3\"></span>za, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>proporzion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>allo <span class=\"_ _6\"></span>stato <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>avanzamento <span class=\"_ _6\"></span>lavori. <span class=\"_ _6\"></span>I <span class=\"_ _7\"></span>ricavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>commessa<span class=\"_ _3\"></span>, <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>cor<span class=\"_ _3\"></span>rispettivi contrattuali, <span class=\"_ _d\"> </span>includono <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>varianti, <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>revisioni <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>riconoscimento <span class=\"_ _d\"> </span>degli <span class=\"_ _f\"> </span>incentivi <span class=\"_ _e\"> </span>nella <span class=\"_ _f\"> </span>misura <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>cui <span class=\"_ _d\"> </span>\u00e8 probabile che essi rap<span class=\"_ _3\"></span>presentino effettiv<span class=\"_ _3\"></span>i ricavi che possano e<span class=\"_ _3\"></span>ssere determinati con atten<span class=\"_ _3\"></span>dibilit\u00e0. <span class=\"_ _5\"></span> Quando il ri<span class=\"_ _5\"></span>sultato di una commessa non p<span class=\"_ _5\"></span>u\u00f2 essere stimato con <span class=\"_ _5\"></span>attendibilit\u00e0, i ricavi <span class=\"_ _5\"></span>riferibili alla relativa commessa sono  rilevati  solo  nei  limiti  dei  costi  di  commessa  sostenuti  che  probabilmente  saranno  r<span class=\"_ _3\"></span>ecuperati.  I  costi  di<span class=\"_ _75\"> </span>commessa sono rileva<span class=\"_ _3\"></span>ti come spese nell\u2019eserc<span class=\"_ _3\"></span>izio nel quale essi s<span class=\"_ _3\"></span>ono sostenuti. Quando \u00e8 pr<span class=\"_ _3\"></span>obabile che i costi t<span class=\"_ _3\"></span>otali di commessa siano <span class=\"_ _3\"></span>superiori rispetto ai ricav<span class=\"_ _3\"></span>i contrattuali, la per<span class=\"_ _3\"></span>dita attesa \u00e8 immediat<span class=\"_ _3\"></span>amente rilevata come cost<span class=\"_ _3\"></span>o.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-26": {
   "value": "R<span class=\"_ _3\"></span>im<span class=\"_ _1\"></span>an<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>ze <span class=\"ff5\">\u2013<span class=\"ff1\"> </span>Le rimanenze sono iscritt<span class=\"_ _3\"></span>e al minore tra il costo d\u2019acquisto, comprensivo degli oneri accessori di diretta<span class=\"_ _3\"></span> </span>imputazione, <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>presumibile <span class=\"_ _6\"></span>va<span class=\"_ _3\"></span>lore <span class=\"_ _6\"></span>netto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>realizzo. <span class=\"_ _6\"></span>Le <span class=\"_ _7\"></span>configurazioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>costo <span class=\"_ _6\"></span>utilizzate <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>valorizzazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>del magazzino sono il costo medio ponderato su base continua (utilizzato per le materie prime sussidiarie e di consumo) e <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>specifico <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>imanenze. <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>giacenze <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>materiali <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>lavorazione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>osto medio <span class=\"_ _6\"></span>ponderato <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fabbricazione <span class=\"_ _6\"></span>dell\u2019esercizi<span class=\"_ _3\"></span>o, <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>comprende <span class=\"_ _6\"></span>le <span class=\"_ _e\"> </span>materie <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rime, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>materiali <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consumo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>costi diretti e indiretti di <span class=\"_ _3\"></span>produzione escluse le spes<span class=\"_ _3\"></span>e generali.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "C<span class=\"_ _3\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le <span class=\"_ _d\"> </span>soc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013<span class=\"ff1\">  Il <span class=\"_ _f\"> </span>capitale <span class=\"_ _f\"> </span>sociale <span class=\"_ _f\"> </span>\u00e8  is<span class=\"_ _3\"></span>critto <span class=\"_ _f\"> </span>al  valore <span class=\"_ _f\"> </span>nominale <span class=\"_ _f\"> </span>eventualmente <span class=\"_ _f\"> </span>ridotto <span class=\"_ _f\"> </span>dei  costi <span class=\"_ _f\"> </span>direttamente </span></span>attribuibili alle opera<span class=\"_ _3\"></span>zioni di emissione o ria<span class=\"_ _3\"></span>cquisto degli strument<span class=\"_ _3\"></span>i rappresentativi del capit<span class=\"_ _3\"></span>ale. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-27": {
   "value": "A<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>ie<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>L<span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>proprie <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>imputate <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>riduzione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>patrimonio <span class=\"_ _5\"></span>netto, <span class=\"_ _7\"></span>cos\u00ec <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>differenze <span class=\"_ _5\"></span>generate </span></span>da ulteriori operazioni i<span class=\"_ _3\"></span>n acquisto, o ven<span class=\"_ _3\"></span>dita, sono rilevate diret<span class=\"_ _3\"></span>tamente come movime<span class=\"_ _3\"></span>nti del patrimonio netto<span class=\"_ _3\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-25": {
   "value": "U<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e p<span class=\"_ _1\"></span>er a<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e <span class=\"ff5\">\u2013</span> <span class=\"ff5\">L<span class=\"_ _5\"></span>\u2019utile per <span class=\"_ _5\"></span>azione \u00e8 r<span class=\"_ _5\"></span>appresentato dall\u2019utile netto <span class=\"_ _5\"></span>del periodo attribuibile a<span class=\"_ _5\"></span>gli azionisti <span class=\"_ _5\"></span>possessori di </span>azioni <span class=\"_ _6\"></span>ordinarie <span class=\"_ _6\"> </span>tenuto <span class=\"_ _e\"> </span>conto <span class=\"_ _6\"></span>della <span class=\"_ _e\"> </span>media <span class=\"_ _6\"></span>ponderata <span class=\"_ _6\"></span>delle <span class=\"_ _6\"> </span>azioni <span class=\"_ _6\"> </span>o<span class=\"_ _5\"></span>rdinarie <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>circolazione <span class=\"_ _6\"> </span>nell\u2019esercizio. <span class=\"_ _6\"></span>L\u2019utile <span class=\"_ _6\"> </span>per azione <span class=\"_ _6\"></span>diluit<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>ottien<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>attraverso <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>rettifica <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>media <span class=\"_ _6\"></span>ponderata <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>circolazione, <span class=\"_ _7\"></span>per<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>ener <span class=\"_ _7\"></span>con<span class=\"_ _5\"></span>to <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i tutte le azioni ordinar<span class=\"_ _3\"></span>ie potenziali con eff<span class=\"_ _3\"></span>etto di diluizione. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span><span class=\"ff1\">La <span class=\"_ _6\"></span>voce <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>inizialmente <span class=\"_ _7\"></span>rilevata <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrispondente<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>passivit\u00e0, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>netto<span class=\"_ _3\"></span> </span>dei  costi  di  transazione  che  sono  direttamente  attri<span class=\"_ _3\"></span>buibili  all\u2019emissione  della  passivit\u00e0 st<span class=\"_ _5\"></span>essa.  A  seguito  della<span class=\"_ _3\"></span> rilevazione <span class=\"_ _10\"> </span>iniziale, <span class=\"_ _10\"> </span>le <span class=\"_ _8\"> </span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _8\"> </span>fina<span class=\"_ _3\"></span>nziarie, <span class=\"_ _10\"> </span>a <span class=\"_ _8\"> </span>eccezi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>dei<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>derivati, <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>valutate <span class=\"_ _10\"> </span>con <span class=\"_ _8\"> </span>il <span class=\"_ _10\"> </span>criterio <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>osto<span class=\"_ _3\"></span> ammortizzato <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>metodo <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>tasso <span class=\"_ _f\"> </span>d\u2019interesse<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>effettivo <span class=\"_ _d\"> </span>originale. <span class=\"_ _f\"> </span>In <span class=\"_ _f\"> </span>caso <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>revisione <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>stime <span class=\"_ _f\"> </span>dei pagamenti, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>eccezioni <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>leasing, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ttifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>iscritta <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rovento <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>onere <span class=\"_ _5\"></span>a conto economico.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-24": {
   "value": "P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span><span class=\"ff1\">La <span class=\"_ _6\"></span>voce <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>inizialmente <span class=\"_ _7\"></span>rilevata <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>costo, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrispondente<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>passivit\u00e0, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>netto<span class=\"_ _3\"></span> </span>dei  costi  di  transazione  che  sono  direttamente  attri<span class=\"_ _3\"></span>buibili  all\u2019emissione  della  passivit\u00e0 st<span class=\"_ _5\"></span>essa.  A  seguito  della<span class=\"_ _3\"></span> rilevazione <span class=\"_ _10\"> </span>iniziale, <span class=\"_ _10\"> </span>le <span class=\"_ _8\"> </span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _8\"> </span>fina<span class=\"_ _3\"></span>nziarie, <span class=\"_ _10\"> </span>a <span class=\"_ _8\"> </span>eccezi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>dei<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>derivati, <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>valutate <span class=\"_ _10\"> </span>con <span class=\"_ _8\"> </span>il <span class=\"_ _10\"> </span>criterio <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>osto<span class=\"_ _3\"></span> ammortizzato <span class=\"_ _d\"> </span>utilizzando <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>metodo <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>tasso <span class=\"_ _f\"> </span>d\u2019interesse<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>effettivo <span class=\"_ _d\"> </span>originale. <span class=\"_ _f\"> </span>In <span class=\"_ _f\"> </span>caso <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>revisione <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>stime <span class=\"_ _f\"> </span>dei pagamenti, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>eccezioni <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>leasing, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>ttifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>iscritta <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rovento <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>onere <span class=\"_ _5\"></span>a conto economico.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "B<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci a<span class=\"_ _3\"></span>i d<span class=\"_ _1\"></span>ip<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>ti <span class=\"ff5\">\u2013</span> <span class=\"ff1\">Le <span class=\"_ _5\"></span>passivit\u00e0 relative ai <span class=\"_ _5\"></span>programmi a b<span class=\"_ _5\"></span>enefici definiti (<span class=\"_ _5\"></span>quali il <span class=\"_ _5\"></span>Tfr per la <span class=\"_ _5\"></span>quota maturata <span class=\"_ _5\"></span>ante il </span>1\u00b0 <span class=\"_ _5\"></span>gennaio 2007) <span class=\"_ _5\"></span>sono determinate <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>eventuali attivit\u00e0 <span class=\"_ _5\"></span>al servizio <span class=\"_ _5\"></span>del piano <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base di <span class=\"_ _5\"></span>ipotesi attuariali e per <span class=\"_ _5\"></span>competenza, coerentemente alle <span class=\"_ _5\"></span>prestazioni di <span class=\"_ _5\"></span>lavoro necessarie per l<span class=\"_ _5\"></span>\u2019ottenimento dei benefici. La <span class=\"_ _5\"></span>valutazion<span class=\"_ _3\"></span>e della <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>erificata <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>attuari <span class=\"_ _6\"></span>indipendenti. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>va<span class=\"_ _5\"></span>lore <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>erdite <span class=\"_ _6\"></span>attuariali <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>iscritto <span class=\"_ _6\"></span>t<span class=\"_ _5\"></span>ra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>altr<span class=\"_ _7\"></span><span class=\"lse\">e </span>componenti <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _5\"></span>complessivo. <span class=\"_ _5\"></span>A <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>Legge <span class=\"_ _7\"></span>Finanziaria <span class=\"_ _5\"></span>296 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>27 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>2006, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>le societ\u00e0 con pi\u00f9 di 50 dipend<span class=\"_ _3\"></span>enti per le quote maturate a far<span class=\"_ _3\"></span> data dal 1\u00b0 gennaio 200<span class=\"_ _3\"></span>7, il Tfr si configura come piano a<span class=\"_ _3\"></span> contributi definiti.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-28": {
   "value": "F<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _8\"> </span><span class=\"ff1\">Gli <span class=\"_ _8\"> </span>accantonamenti <span class=\"_ _10\"> </span>sono <span class=\"_ _8\"> </span>stanzia<span class=\"_ _3\"></span>ti, <span class=\"_ _8\"> </span>sulla <span class=\"_ _10\"> </span>base <span class=\"_ _8\"> </span>della <span class=\"_ _10\"> </span>miglior <span class=\"_ _8\"> </span>stim<span class=\"_ _3\"></span>a <span class=\"_ _8\"> </span>dei <span class=\"_ _10\"> </span>costi <span class=\"_ _8\"> </span>richiesti <span class=\"_ _10\"> </span>per <span class=\"_ _8\"> </span>far <span class=\"_ _10\"> </span>fronte </span>all\u2019adempimento, alla d<span class=\"_ _5\"></span>ata <span class=\"_ _5\"></span>di bilancio <span class=\"_ _5\"></span>e s<span class=\"_ _5\"></span>ono attualizzati <span class=\"_ _5\"></span>quando l\u2019effetto <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>significativo e <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>dispone delle <span class=\"_ _5\"></span>necessarie informazioni. In tal caso gli a<span class=\"_ _3\"></span>ccantonamenti sono determinat<span class=\"_ _3\"></span>i attualizzando i flussi di c<span class=\"_ _3\"></span>assa futuri a un tasso di sconto ante imposte che rifl<span class=\"_ _3\"></span>ette la valutazione cor<span class=\"_ _3\"></span>rente del mercato e ti<span class=\"_ _3\"></span>ene conto dei rischi <span class=\"_ _3\"></span>connessi all\u2019attivit\u00e0 azien<span class=\"_ _3\"></span>dale.<span class=\"_ _75\"> </span>Quando <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>d\u00e0 <span class=\"_ _7\"></span>corso <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>attualizzazione, <span class=\"_ _7\"></span>l\u2019incremento <span class=\"_ _5\"></span>dell\u2019accantonamento <span class=\"_ _7\"></span>dovuto <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>trascorrere <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>tempo <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>rilevato tra <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>oneri <span class=\"_ _f\"> </span>finanziari. <span class=\"_ _e\"> </span>Se <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>relativa <span class=\"_ _d\"> </span>ad <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _d\"> </span>materiali <span class=\"_ _e\"> </span>(<span class=\"_ _5\"></span>es. <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ipristino <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>iti), <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>fondo <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>rilevato <span class=\"_ _d\"> </span>come<span class=\"_ _75\"> </span>contropartita dell\u2019attivit<span class=\"_ _3\"></span>\u00e0 cui si riferisce e la rilevazione dell\u2019<span class=\"_ _3\"></span>onere a conto economico avvi<span class=\"_ _3\"></span>ene attraverso il processo di ammortamento dell\u2019imm<span class=\"_ _3\"></span>obilizzazione materi<span class=\"_ _3\"></span>ale alla quale l\u2019oner<span class=\"_ _3\"></span>e si riferisce.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-30": {
   "value": "D<span class=\"_ _3\"></span>eb<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>me<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li <span class=\"ff5\">\u2013</span> <span class=\"ff1\">Si ri<span class=\"_ _5\"></span>feriscono a passivit\u00e0 finanziarie derivanti da <span class=\"_ _5\"></span>rapporti commerciali di <span class=\"_ _5\"></span>fornitura e sono <span class=\"_ _5\"></span>rilevati </span>al costo ammortizzato.<span class=\"_ _75\"> </span>A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _1\"></span> pa<span class=\"_ _3\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _1\"></span> co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> <span class=\"ff5\">\u2013</span> <span class=\"ff1\">Si r<span class=\"_ _5\"></span>iferiscono a <span class=\"_ _5\"></span>rapporti di varia natura <span class=\"_ _5\"></span>e sono <span class=\"_ _5\"></span>iscritte al valore nominale, <span class=\"_ _5\"></span>corrispondente al </span>costo ammortizzato.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "S<span class=\"_ _3\"></span>tr<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>d<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _6\"></span>Il<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>etiene <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>allo <span class=\"_ _6\"></span>scopo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>coprire <span class=\"_ _6\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>propria <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>di </span></span>variazione dei tassi <span class=\"_ _5\"></span>d\u2019interesse, di cambio e al <span class=\"_ _5\"></span>rischio di variazione dei prezzi <span class=\"_ _5\"></span>del gas metano <span class=\"_ _5\"></span>e dell\u2019energia elettrica. In <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>tale <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>deve <span class=\"_ _6\"></span>gestire <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>rischi <span class=\"_ _6\"></span>legati <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>disallineame<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ndicizzazione <span class=\"_ _7\"></span>e prezzi <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>acquisto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>gas <span class=\"_ _7\"></span>ed <span class=\"_ _6\"></span>energ<span class=\"_ _3\"></span>ia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>indicizzazione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _7\"></span>legati <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>delle medesime<span class=\"ff16\"> <span class=\"_ _6\"></span></span>commodity. <span class=\"_ _7\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>adotta <span class=\"_ _7\"></span>strumenti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ris<span class=\"_ _3\"></span>chio <span class=\"_ _6\"></span>prezzo, <span class=\"_ _7\"></span>sia <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>quanto<span class=\"_ _3\"></span> riguarda <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>prezzo <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>merci <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>relativo <span class=\"_ _d\"> </span>cambio <span class=\"_ _d\"> </span>euro/dollaro, <span class=\"_ _e\"> </span>anche <span class=\"_ _d\"> </span>finalizzati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>prefissare <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>effetti <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ui margini di vendita in<span class=\"_ _3\"></span>dipendentemente dalle vari<span class=\"_ _3\"></span>azioni delle condizio<span class=\"_ _3\"></span>ni di mercato.<span class=\"_ _5\"></span> Con <span class=\"_ _5\"></span>riferimento ai <span class=\"_ _5\"></span>derivati su <span class=\"_ _5\"></span>commodity <span class=\"_ _5\"></span>l\u2019operativit\u00e0 \u00e8 <span class=\"_ _5\"></span>gestita t<span class=\"_ _5\"></span>ramite la <span class=\"_ _5\"></span>stipula <span class=\"_ _5\"></span>di s<span class=\"_ _5\"></span>trumenti finanziari Otc <span class=\"_ _6\"></span>\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>over <span class=\"_ _5\"></span>the </span>counter <span class=\"_ _6\"></span>(swap <span class=\"_ _6\"></span>su <span class=\"_ _e\"></span>indici), <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>su <span class=\"_ _6\"></span>valute <span class=\"_ _6\"></span>(acquisti <span class=\"_ _e\"></span>forward <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>dollari), <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>ne<span class=\"_ _5\"></span>goziati <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>piattaforme<span class=\"_ _3\"></span> regolamentate, <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _f\"> </span>tramite <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>intermediazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>prevedono <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>consegna <span class=\"_ _f\"> </span>fisica <span class=\"_ _f\"> </span>del  sotto<span class=\"_ _3\"></span>stante <span class=\"_ _10\"> </span><span class=\"ls10\">a </span>regolazione futura (cosiddetti contratti fisi<span class=\"_ _3\"></span>ci). In particolare, il trattament<span class=\"_ _3\"></span>o contabile dei contratti fisici vari<span class=\"_ _3\"></span>a in base alla loro <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inalit\u00e0: <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>contratti <span class=\"_ _5\"></span>riferibili <span class=\"_ _7\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>approvvigionamento <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>prevista <span class=\"_ _7\"></span>l\u2019own<span class=\"_ _7\"></span><span class=\"ff1\">-use <span class=\"_ _7\"></span>exemption <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ffetti </span>economici <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _7\"></span>per <span class=\"_ _6\"> </span>competenza <span class=\"_ _6\"></span>solo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mom<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>dell\u2019effettiva <span class=\"_ _7\"></span>consegna, <span class=\"_ _6\"></span>mentre <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>contrat<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>sottoscritti <span class=\"_ _6\"></span>con riferimento all\u2019attivit\u00e0 di gestione del rischio prezzo o del rischio volume sono equiparati a strumenti finanziari derivati<span class=\"_ _3\"></span> e <span class=\"_ _d\"> </span>valutati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _e\"> </span>fin <span class=\"_ _f\"> </span>dal <span class=\"_ _e\"> </span>momento <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tipula. <span class=\"_ _e\"> </span>Data <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>natura <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>fisici, <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>scopo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>dare <span class=\"_ _d\"> </span>una rappresentazione <span class=\"_ _d\"> </span>pi<span class=\"_ _5\"></span>\u00f9 <span class=\"_ _f\"> </span>coerente <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>reali <span class=\"_ _f\"> </span>transazioni <span class=\"_ _f\"> </span>effettuate, <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>momento <span class=\"_ _f\"> </span>dell\u2019esecuzione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indipendentemente dalla <span class=\"_ _6\"></span>finalit\u00e0 <span class=\"_ _e\"> </span>il <span class=\"_ _6\"></span>regolamento <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>rappresentato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"> </span>economico <span class=\"_ _e\"> </span>alternativamente <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"> </span>\u201cRicavi\u201d <span class=\"_ _e\"> </span>o <span class=\"_ _6\"></span>nella <span class=\"_ _e\"> </span>voce \u201cMaterie prime e mate<span class=\"_ _3\"></span>riali\u201d in ragione che <span class=\"_ _3\"></span>si tratti rispettivament<span class=\"_ _3\"></span>e di cessione o approvvigio<span class=\"_ _3\"></span>namento di commodi<span class=\"_ _3\"></span>ty.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Da <span class=\"_ _d\"> </span>un <span class=\"_ _d\"> </span>punto <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>ista <span class=\"_ _e\"> </span>operativo <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _d\"> </span>identificati <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>portafoglio <span class=\"_ _d\"> </span>commerciale, <span class=\"_ _e\"></span>dove <span class=\"_ _d\"> </span>rientrano <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"> </span>fisici <span class=\"_ _d\"> </span>e finanziari <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>ottoscritti <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>dell\u2019approvvigionam<span class=\"_ _3\"></span>ento, <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>un <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _e\"> </span>trading, <span class=\"_ _e\"> </span>dove <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>inclusi <span class=\"_ _e\"> </span>contratti fisici <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>sottoscritti in <span class=\"_ _5\"></span>ottica <span class=\"_ _5\"></span>speculativa, <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>logiche <span class=\"_ _5\"></span>di pos<span class=\"_ _5\"></span>ition taking <span class=\"_ _5\"></span>puro <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>volta <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>ritiene <span class=\"_ _6\"></span>vi <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>una opportunit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>mercat<span class=\"_ _3\"></span>o, <span class=\"_ _10\"> </span>sempre <span class=\"_ _10\"> </span>all\u2019interno <span class=\"_ _4\"> </span>dei <span class=\"_ _10\"> </span>limiti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>rischio <span class=\"_ _10\"> </span>definiti <span class=\"_ _10\"> </span>dal <span class=\"_ _10\"> </span>Consiglio <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>Amministrazion<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>della Capogruppo. Le <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>riferite <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>che, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>politiche <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rischio, <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>oddisfano <span class=\"_ _6\"></span>i requisiti <span class=\"_ _e\"></span>previsti <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>il <span class=\"_ _e\"></span>trattamento <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>hedge <span class=\"_ _e\"> </span>accounting <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>rilevate <span class=\"_ _d\"> </span>tra <span class=\"_ _e\"> </span>le <span class=\"_ _d\"> </span>altre <span class=\"_ _e\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico complessivo, <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>quelle che, <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ur <span class=\"_ _5\"></span>essendo p<span class=\"_ _5\"></span>oste <span class=\"_ _5\"></span>in e<span class=\"_ _5\"></span>ssere <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>l\u2019intento gestionale <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>soddisfano <span class=\"_ _5\"></span>i requisiti <span class=\"_ _6\"></span>richiesti <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>si <span class=\"_ _e\"></span>determinano. <span class=\"_ _7\"></span>L<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>identificate <span class=\"_ _6\"></span>si<span class=\"_ _3\"></span>n dalla  l<span class=\"_ _3\"></span>oro <span class=\"_ _f\"> </span>origine  come<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>speculative  sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>a  c<span class=\"_ _3\"></span>onto <span class=\"_ _f\"> </span>economico <span class=\"_ _f\"> </span>ne<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span>di  riferim<span class=\"_ _3\"></span>ento.  Il <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>air <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>\u00e8 determinato <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>modelli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>ade<span class=\"_ _5\"></span>guati <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _7\"></span>tipologi<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>strumento, <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>di riferimento come megl<span class=\"_ _3\"></span>io descritto in seguito. Ai f<span class=\"_ _5\"></span>ini della contabilizzazione, le operazioni di <span class=\"_ _5\"></span>copertura sono classificate come <span class=\"_ _5\"></span>fair value <span class=\"_ _5\"></span>hedge se sono <span class=\"_ _5\"></span>a fronte de<span class=\"_ _5\"></span>l rischio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>varia<span class=\"_ _3\"></span>zione, <span class=\"_ _6\"></span>rispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercato, <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>sottostante <span class=\"_ _7\"></span>oppure <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>cash <span class=\"_ _6\"></span>flow hedge se sono <span class=\"_ _5\"></span>a fronte del <span class=\"_ _5\"></span>rischio di variabilit\u00e0 nei flussi <span class=\"_ _5\"></span>finanziari derivanti sia da un\u2019attivit\u00e0 o p<span class=\"_ _5\"></span>assivit\u00e0 esistente si<span class=\"_ _6\"></span><span class=\"ff1 ls22\">a </span>da un\u2019operazione fut<span class=\"_ _3\"></span>ura, incluse le operazi<span class=\"_ _3\"></span>oni su commodity.<span class=\"ff1\"> </span>Per <span class=\"_ _f\"> </span>quanto  rig<span class=\"_ _3\"></span>uarda <span class=\"_ _f\"> </span>gli  strume<span class=\"_ _3\"></span>nti <span class=\"_ _f\"> </span>derivati  classi<span class=\"_ _3\"></span>ficati <span class=\"_ _f\"> </span>come  fai<span class=\"_ _3\"></span>r  valu<span class=\"_ _3\"></span>e  h<span class=\"_ _3\"></span>edge <span class=\"_ _f\"> </span>che  risp<span class=\"_ _3\"></span>ettano  l<span class=\"_ _3\"></span>e  c<span class=\"_ _3\"></span>ondizioni <span class=\"_ _f\"> </span>per  i<span class=\"_ _3\"></span>l trattamento <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>perd<span class=\"_ _5\"></span>ite d<span class=\"_ _5\"></span>erivanti <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>determinazione d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>loro <span class=\"_ _5\"></span>valore di <span class=\"_ _5\"></span>mercato <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>imputati a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico. <span class=\"_ _5\"></span>Allo <span class=\"_ _5\"></span>stesso te<span class=\"_ _5\"></span>mpo s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>imputati a <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>le perdite <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"> </span>dall\u2019adeguamento <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>dell\u2019elemento <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>copertura <span class=\"_ _e\"> </span>limitatamente <span class=\"_ _e\"> </span>al rischio coperto. Per <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>deriv<span class=\"_ _3\"></span>ati <span class=\"_ _6\"></span>classificati <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ash <span class=\"_ _6\"></span>flow <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>edge, <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>alificano <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>tali, <span class=\"_ _6\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue<span class=\"_ _3\"></span> vengono <span class=\"_ _5\"></span>rilevate, l<span class=\"_ _5\"></span>imitatamente alla <span class=\"_ _5\"></span>sola <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>efficace, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>specifica <span class=\"_ _5\"></span>riserva <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>definita <span class=\"_ _5\"></span>\u201cRiserva<span class=\"_ _3\"></span> strumenti derivati <span class=\"_ _3\"></span>valutati al fair value\u201d attr<span class=\"_ _3\"></span>averso il conto econ<span class=\"_ _3\"></span>omico complessivo.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-447": {
   "value": "S<span class=\"_ _3\"></span>tr<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>d<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _6\"></span>Il<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>etiene <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>allo <span class=\"_ _6\"></span>scopo <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>coprire <span class=\"_ _6\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>propria <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>di </span></span>variazione dei tassi <span class=\"_ _5\"></span>d\u2019interesse, di cambio e al <span class=\"_ _5\"></span>rischio di variazione dei prezzi <span class=\"_ _5\"></span>del gas metano <span class=\"_ _5\"></span>e dell\u2019energia elettrica. In <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>tale <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>deve <span class=\"_ _6\"></span>gestire <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>rischi <span class=\"_ _6\"></span>legati <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>disallineame<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ndicizzazione <span class=\"_ _7\"></span>e prezzi <span class=\"_ _7\"></span>relativi <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>acquisto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>gas <span class=\"_ _7\"></span>ed <span class=\"_ _6\"></span>energ<span class=\"_ _3\"></span>ia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>formule <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>indicizzazione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _7\"></span>legati <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>delle medesime<span class=\"ff16\"> <span class=\"_ _6\"></span></span>commodity. <span class=\"_ _7\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>adotta <span class=\"_ _7\"></span>strumenti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>ris<span class=\"_ _3\"></span>chio <span class=\"_ _6\"></span>prezzo, <span class=\"_ _7\"></span>sia <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>quanto<span class=\"_ _3\"></span> riguarda <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>prezzo <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>merci <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _e\"> </span>relativo <span class=\"_ _d\"> </span>cambio <span class=\"_ _d\"> </span>euro/dollaro, <span class=\"_ _e\"> </span>anche <span class=\"_ _d\"> </span>finalizzati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>prefissare <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>effetti <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ui margini di vendita in<span class=\"_ _3\"></span>dipendentemente dalle vari<span class=\"_ _3\"></span>azioni delle condizio<span class=\"_ _3\"></span>ni di mercato.<span class=\"_ _5\"></span> Con <span class=\"_ _5\"></span>riferimento ai <span class=\"_ _5\"></span>derivati su <span class=\"_ _5\"></span>commodity <span class=\"_ _5\"></span>l\u2019operativit\u00e0 \u00e8 <span class=\"_ _5\"></span>gestita t<span class=\"_ _5\"></span>ramite la <span class=\"_ _5\"></span>stipula <span class=\"_ _5\"></span>di s<span class=\"_ _5\"></span>trumenti finanziari Otc <span class=\"_ _6\"></span>\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>over <span class=\"_ _5\"></span>the </span>counter <span class=\"_ _6\"></span>(swap <span class=\"_ _6\"></span>su <span class=\"_ _e\"></span>indici), <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>su <span class=\"_ _6\"></span>valute <span class=\"_ _6\"></span>(acquisti <span class=\"_ _e\"></span>forward <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>dollari), <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>ne<span class=\"_ _5\"></span>goziati <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>piattaforme<span class=\"_ _3\"></span> regolamentate, <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _f\"> </span>tramite <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>intermediazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>prevedono <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>consegna <span class=\"_ _f\"> </span>fisica <span class=\"_ _f\"> </span>del  sotto<span class=\"_ _3\"></span>stante <span class=\"_ _10\"> </span><span class=\"ls10\">a </span>regolazione futura (cosiddetti contratti fisi<span class=\"_ _3\"></span>ci). In particolare, il trattament<span class=\"_ _3\"></span>o contabile dei contratti fisici vari<span class=\"_ _3\"></span>a in base alla loro <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inalit\u00e0: <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>contratti <span class=\"_ _5\"></span>riferibili <span class=\"_ _7\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>approvvigionamento <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>prevista <span class=\"_ _7\"></span>l\u2019own<span class=\"_ _7\"></span><span class=\"ff1\">-use <span class=\"_ _7\"></span>exemption <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ffetti </span>economici <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _7\"></span>per <span class=\"_ _6\"> </span>competenza <span class=\"_ _6\"></span>solo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mom<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>dell\u2019effettiva <span class=\"_ _7\"></span>consegna, <span class=\"_ _6\"></span>mentre <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>contrat<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>sottoscritti <span class=\"_ _6\"></span>con riferimento all\u2019attivit\u00e0 di gestione del rischio prezzo o del rischio volume sono equiparati a strumenti finanziari derivati<span class=\"_ _3\"></span> e <span class=\"_ _d\"> </span>valutati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _e\"> </span>fin <span class=\"_ _f\"> </span>dal <span class=\"_ _e\"> </span>momento <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tipula. <span class=\"_ _e\"> </span>Data <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>natura <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>fisici, <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>scopo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>dare <span class=\"_ _d\"> </span>una rappresentazione <span class=\"_ _d\"> </span>pi<span class=\"_ _5\"></span>\u00f9 <span class=\"_ _f\"> </span>coerente <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>reali <span class=\"_ _f\"> </span>transazioni <span class=\"_ _f\"> </span>effettuate, <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>momento <span class=\"_ _f\"> </span>dell\u2019esecuzione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indipendentemente dalla <span class=\"_ _6\"></span>finalit\u00e0 <span class=\"_ _e\"> </span>il <span class=\"_ _6\"></span>regolamento <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>rappresentato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"> </span>economico <span class=\"_ _e\"> </span>alternativamente <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"> </span>\u201cRicavi\u201d <span class=\"_ _e\"> </span>o <span class=\"_ _6\"></span>nella <span class=\"_ _e\"> </span>voce \u201cMaterie prime e mate<span class=\"_ _3\"></span>riali\u201d in ragione che <span class=\"_ _3\"></span>si tratti rispettivament<span class=\"_ _3\"></span>e di cessione o approvvigio<span class=\"_ _3\"></span>namento di commodi<span class=\"_ _3\"></span>ty.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Da <span class=\"_ _d\"> </span>un <span class=\"_ _d\"> </span>punto <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>ista <span class=\"_ _e\"> </span>operativo <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _d\"> </span>identificati <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>portafoglio <span class=\"_ _d\"> </span>commerciale, <span class=\"_ _e\"></span>dove <span class=\"_ _d\"> </span>rientrano <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"> </span>fisici <span class=\"_ _d\"> </span>e finanziari <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>ottoscritti <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>dell\u2019approvvigionam<span class=\"_ _3\"></span>ento, <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>un <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _e\"> </span>trading, <span class=\"_ _e\"> </span>dove <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>inclusi <span class=\"_ _e\"> </span>contratti fisici <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>sottoscritti in <span class=\"_ _5\"></span>ottica <span class=\"_ _5\"></span>speculativa, <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>logiche <span class=\"_ _5\"></span>di pos<span class=\"_ _5\"></span>ition taking <span class=\"_ _5\"></span>puro <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>volta <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>ritiene <span class=\"_ _6\"></span>vi <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>una opportunit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>mercat<span class=\"_ _3\"></span>o, <span class=\"_ _10\"> </span>sempre <span class=\"_ _10\"> </span>all\u2019interno <span class=\"_ _4\"> </span>dei <span class=\"_ _10\"> </span>limiti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>rischio <span class=\"_ _10\"> </span>definiti <span class=\"_ _10\"> </span>dal <span class=\"_ _10\"> </span>Consiglio <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>Amministrazion<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>della Capogruppo. Le <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>riferite <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>che, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>politiche <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rischio, <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>oddisfano <span class=\"_ _6\"></span>i requisiti <span class=\"_ _e\"></span>previsti <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>il <span class=\"_ _e\"></span>trattamento <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>hedge <span class=\"_ _e\"> </span>accounting <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>rilevate <span class=\"_ _d\"> </span>tra <span class=\"_ _e\"> </span>le <span class=\"_ _d\"> </span>altre <span class=\"_ _e\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico complessivo, <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>quelle che, <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ur <span class=\"_ _5\"></span>essendo p<span class=\"_ _5\"></span>oste <span class=\"_ _5\"></span>in e<span class=\"_ _5\"></span>ssere <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>l\u2019intento gestionale <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>soddisfano <span class=\"_ _5\"></span>i requisiti <span class=\"_ _6\"></span>richiesti <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevate <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>si <span class=\"_ _e\"></span>determinano. <span class=\"_ _7\"></span>L<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>identificate <span class=\"_ _6\"></span>si<span class=\"_ _3\"></span>n dalla  l<span class=\"_ _3\"></span>oro <span class=\"_ _f\"> </span>origine  come<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>speculative  sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>a  c<span class=\"_ _3\"></span>onto <span class=\"_ _f\"> </span>economico <span class=\"_ _f\"> </span>ne<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span>di  riferim<span class=\"_ _3\"></span>ento.  Il <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>air <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>\u00e8 determinato <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>modelli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>ade<span class=\"_ _5\"></span>guati <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _7\"></span>tipologi<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>strumento, <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>di riferimento come megl<span class=\"_ _3\"></span>io descritto in seguito. Ai f<span class=\"_ _5\"></span>ini della contabilizzazione, le operazioni di <span class=\"_ _5\"></span>copertura sono classificate come <span class=\"_ _5\"></span>fair value <span class=\"_ _5\"></span>hedge se sono <span class=\"_ _5\"></span>a fronte de<span class=\"_ _5\"></span>l rischio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>varia<span class=\"_ _3\"></span>zione, <span class=\"_ _6\"></span>rispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercato, <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>sottostante <span class=\"_ _7\"></span>oppure <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>cash <span class=\"_ _6\"></span>flow hedge se sono <span class=\"_ _5\"></span>a fronte del <span class=\"_ _5\"></span>rischio di variabilit\u00e0 nei flussi <span class=\"_ _5\"></span>finanziari derivanti sia da un\u2019attivit\u00e0 o p<span class=\"_ _5\"></span>assivit\u00e0 esistente si<span class=\"_ _6\"></span><span class=\"ff1 ls22\">a </span>da un\u2019operazione fut<span class=\"_ _3\"></span>ura, incluse le operazi<span class=\"_ _3\"></span>oni su commodity.<span class=\"ff1\"> </span>Per <span class=\"_ _f\"> </span>quanto  rig<span class=\"_ _3\"></span>uarda <span class=\"_ _f\"> </span>gli  strume<span class=\"_ _3\"></span>nti <span class=\"_ _f\"> </span>derivati  classi<span class=\"_ _3\"></span>ficati <span class=\"_ _f\"> </span>come  fai<span class=\"_ _3\"></span>r  valu<span class=\"_ _3\"></span>e  h<span class=\"_ _3\"></span>edge <span class=\"_ _f\"> </span>che  risp<span class=\"_ _3\"></span>ettano  l<span class=\"_ _3\"></span>e  c<span class=\"_ _3\"></span>ondizioni <span class=\"_ _f\"> </span>per  i<span class=\"_ _3\"></span>l trattamento <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>perd<span class=\"_ _5\"></span>ite d<span class=\"_ _5\"></span>erivanti <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>determinazione d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>loro <span class=\"_ _5\"></span>valore di <span class=\"_ _5\"></span>mercato <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>imputati a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico. <span class=\"_ _5\"></span>Allo <span class=\"_ _5\"></span>stesso te<span class=\"_ _5\"></span>mpo s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>imputati a <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>le perdite <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"> </span>dall\u2019adeguamento <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>dell\u2019elemento <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>copertura <span class=\"_ _e\"> </span>limitatamente <span class=\"_ _e\"> </span>al rischio coperto. Per <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>deriv<span class=\"_ _3\"></span>ati <span class=\"_ _6\"></span>classificati <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ash <span class=\"_ _6\"></span>flow <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>edge, <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>alificano <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>tali, <span class=\"_ _6\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue<span class=\"_ _3\"></span> vengono <span class=\"_ _5\"></span>rilevate, l<span class=\"_ _5\"></span>imitatamente alla <span class=\"_ _5\"></span>sola <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>efficace, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>specifica <span class=\"_ _5\"></span>riserva <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>definita <span class=\"_ _5\"></span>\u201cRiserva<span class=\"_ _3\"></span> strumenti derivati <span class=\"_ _3\"></span>valutati al fair value\u201d attr<span class=\"_ _3\"></span>averso il conto econ<span class=\"_ _3\"></span>omico complessivo.<span class=\"_ _75\"> </span>Tale <span class=\"_ _e\"></span>riserva <span class=\"_ _e\"></span>viene <span class=\"_ _6\"></span>successivamente <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>ilevata <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"></span>economico <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>manifestazione <span class=\"_ _6\"></span>economica <span class=\"_ _e\"></span>del sottostante <span class=\"_ _7\"></span>oggetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>copertura. <span class=\"_ _7\"></span>La <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fai<span class=\"_ _3\"></span>r <span class=\"_ _7\"></span>value<span class=\"_ _5\"></span><span class=\"ff16\"> <span class=\"_ _6\"></span></span>riferibile <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>porzione <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>efficace <span class=\"_ _7\"></span>viene <span class=\"_ _7\"></span>immediatamente rilevata <span class=\"ls10\">ne</span>l conto e<span class=\"_ _3\"></span>conomico di period<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span>Qualora <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>verificarsi <span class=\"_ _4\"> </span>dell\u2019operazione <span class=\"_ _10\"> </span>sottostante <span class=\"_ _4\"> </span>n<span class=\"_ _5\"></span>on <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 <span class=\"_ _10\"> </span>considera<span class=\"_ _3\"></span>ta <span class=\"_ _10\"> </span>altamente <span class=\"_ _10\"> </span>probabile, <span class=\"_ _4\"> </span>o <span class=\"_ _10\"> </span>non <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>pi\u00f9 dimostrabile <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>re<span class=\"_ _5\"></span>lazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>corrispondente <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>\u201cRiserva <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutati <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value\u201d viene immediatamente<span class=\"_ _3\"></span> riversata a conto eco<span class=\"_ _3\"></span>nomico. Qualora, <span class=\"_ _5\"></span>invece, l<span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>strumento der<span class=\"_ _5\"></span>ivato sia <span class=\"_ _5\"></span>ceduto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>pertanto <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>qualifichi <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>copertura <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>rischio e<span class=\"_ _5\"></span>fficac<span class=\"_ _3\"></span>e a fronte del quale l\u2019o<span class=\"_ _3\"></span>perazione era stata <span class=\"_ _3\"></span>posta in essere, la quota di \u201cR<span class=\"_ _3\"></span>iserva strumenti deriv<span class=\"_ _3\"></span>ati valutati al fair value\u201d a<span class=\"_ _1\"></span> esso relativa viene ma<span class=\"_ _3\"></span>ntenuta sino a quando n<span class=\"_ _3\"></span>on si manifestano<span class=\"_ _3\"></span> gli effetti economici del <span class=\"_ _3\"></span>contratto sottostante.<span class=\"_ _5\"></span> Il Gruppo, laddove n<span class=\"_ _3\"></span>e sussistano i requi<span class=\"_ _3\"></span>siti, applica la fair valu<span class=\"_ _3\"></span>e option.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-429": {
   "value": "Con <span class=\"_ _5\"></span>riferimento ai <span class=\"_ _5\"></span>derivati su <span class=\"_ _5\"></span>commodity <span class=\"_ _5\"></span>l\u2019operativit\u00e0 \u00e8 <span class=\"_ _5\"></span>gestita t<span class=\"_ _5\"></span>ramite la <span class=\"_ _5\"></span>stipula <span class=\"_ _5\"></span>di s<span class=\"_ _5\"></span>trumenti finanziari Otc <span class=\"_ _6\"></span>\u2013<span class=\"ff1\"> <span class=\"_ _5\"></span>over <span class=\"_ _5\"></span>the </span>counter <span class=\"_ _6\"></span>(swap <span class=\"_ _6\"></span>su <span class=\"_ _e\"></span>indici), <span class=\"_ _6\"></span>derivati <span class=\"_ _e\"></span>su <span class=\"_ _6\"></span>valute <span class=\"_ _6\"></span>(acquisti <span class=\"_ _e\"></span>forward <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>dollari), <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>ne<span class=\"_ _5\"></span>goziati <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>piattaforme<span class=\"_ _3\"></span> regolamentate, <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _f\"> </span>tramite <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>intermediazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>prevedono <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>consegna <span class=\"_ _f\"> </span>fisica <span class=\"_ _f\"> </span>del  sotto<span class=\"_ _3\"></span>stante <span class=\"_ _10\"> </span><span class=\"ls10\">a </span>regolazione futura (cosiddetti contratti fisi<span class=\"_ _3\"></span>ci). In particolare, il trattament<span class=\"_ _3\"></span>o contabile dei contratti fisici vari<span class=\"_ _3\"></span>a in base alla loro <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inalit\u00e0: <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>contratti <span class=\"_ _5\"></span>riferibili <span class=\"_ _7\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>approvvigionamento <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>prevista <span class=\"_ _7\"></span>l\u2019own<span class=\"_ _7\"></span><span class=\"ff1\">-use <span class=\"_ _7\"></span>exemption <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ffetti </span>economici <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _7\"></span>per <span class=\"_ _6\"> </span>competenza <span class=\"_ _6\"></span>solo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mom<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>dell\u2019effettiva <span class=\"_ _7\"></span>consegna, <span class=\"_ _6\"></span>mentre <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>contrat<span class=\"_ _3\"></span>ti <span class=\"_ _6\"></span>sottoscritti <span class=\"_ _6\"></span>con riferimento all\u2019attivit\u00e0 di gestione del rischio prezzo o del rischio volume sono equiparati a strumenti finanziari derivati<span class=\"_ _3\"></span> e <span class=\"_ _d\"> </span>valutati <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _e\"> </span>fin <span class=\"_ _f\"> </span>dal <span class=\"_ _e\"> </span>momento <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tipula. <span class=\"_ _e\"> </span>Data <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>natura <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>fisici, <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>scopo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>dare <span class=\"_ _d\"> </span>una rappresentazione <span class=\"_ _d\"> </span>pi<span class=\"_ _5\"></span>\u00f9 <span class=\"_ _f\"> </span>coerente <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>reali <span class=\"_ _f\"> </span>transazioni <span class=\"_ _f\"> </span>effettuate, <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>momento <span class=\"_ _f\"> </span>dell\u2019esecuzione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indipendentemente dalla <span class=\"_ _6\"></span>finalit\u00e0 <span class=\"_ _e\"> </span>il <span class=\"_ _6\"></span>regolamento <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>rappresentato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _6\"> </span>economico <span class=\"_ _e\"> </span>alternativamente <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"> </span>\u201cRicavi\u201d <span class=\"_ _e\"> </span>o <span class=\"_ _6\"></span>nella <span class=\"_ _e\"> </span>voce \u201cMaterie prime e mate<span class=\"_ _3\"></span>riali\u201d in ragione che <span class=\"_ _3\"></span>si tratti rispettivament<span class=\"_ _3\"></span>e di cessione o approvvigio<span class=\"_ _3\"></span>namento di commodi<span class=\"_ _3\"></span>ty.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradingIncomeAndExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "Ai f<span class=\"_ _5\"></span>ini della contabilizzazione, le operazioni di <span class=\"_ _5\"></span>copertura sono classificate come <span class=\"_ _5\"></span>fair value <span class=\"_ _5\"></span>hedge se sono <span class=\"_ _5\"></span>a fronte de<span class=\"_ _5\"></span>l rischio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>varia<span class=\"_ _3\"></span>zione, <span class=\"_ _6\"></span>rispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercato, <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>sottostante <span class=\"_ _7\"></span>oppure <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>cash <span class=\"_ _6\"></span>flow hedge se sono <span class=\"_ _5\"></span>a fronte del <span class=\"_ _5\"></span>rischio di variabilit\u00e0 nei flussi <span class=\"_ _5\"></span>finanziari derivanti sia da un\u2019attivit\u00e0 o p<span class=\"_ _5\"></span>assivit\u00e0 esistente si<span class=\"_ _6\"></span><span class=\"ff1 ls22\">a </span>da un\u2019operazione fut<span class=\"_ _3\"></span>ura, incluse le operazi<span class=\"_ _3\"></span>oni su commodity.<span class=\"ff1\"> </span>Per <span class=\"_ _f\"> </span>quanto  rig<span class=\"_ _3\"></span>uarda <span class=\"_ _f\"> </span>gli  strume<span class=\"_ _3\"></span>nti <span class=\"_ _f\"> </span>derivati  classi<span class=\"_ _3\"></span>ficati <span class=\"_ _f\"> </span>come  fai<span class=\"_ _3\"></span>r  valu<span class=\"_ _3\"></span>e  h<span class=\"_ _3\"></span>edge <span class=\"_ _f\"> </span>che  risp<span class=\"_ _3\"></span>ettano  l<span class=\"_ _3\"></span>e  c<span class=\"_ _3\"></span>ondizioni <span class=\"_ _f\"> </span>per  i<span class=\"_ _3\"></span>l trattamento <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>copertura, <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>perd<span class=\"_ _5\"></span>ite d<span class=\"_ _5\"></span>erivanti <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>determinazione d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>loro <span class=\"_ _5\"></span>valore di <span class=\"_ _5\"></span>mercato <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>imputati a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico. <span class=\"_ _5\"></span>Allo <span class=\"_ _5\"></span>stesso te<span class=\"_ _5\"></span>mpo s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>imputati a <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>le perdite <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"> </span>dall\u2019adeguamento <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>dell\u2019elemento <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>copertura <span class=\"_ _e\"> </span>limitatamente <span class=\"_ _e\"> </span>al rischio coperto. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-34": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span>  e  p<span class=\"_ _1\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>t\u00e0  d<span class=\"_ _1\"></span>est<span class=\"_ _3\"></span>in<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>  al<span class=\"_ _1\"></span>la  v<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>di<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>  <span class=\"ff5\">\u2013<span class=\"ff1\">  L<span class=\"_ _5\"></span>a  classificazione  in <span class=\"_ _4\"> </span>tale <span class=\"_ _4\"> </span>categoria  a<span class=\"_ _5\"></span>vviene  nel <span class=\"_ _4\"> </span>momento  in <span class=\"_ _4\"> </span>cui </span></span>l\u2019operazione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>ve<span class=\"_ _3\"></span>ndita <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>nsiderata <span class=\"_ _6\"></span>altamente <span class=\"_ _7\"></span>probabile <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>immediatamente <span class=\"_ _6\"></span>disponibili<span class=\"_ _3\"></span> per la vendita nelle c<span class=\"_ _3\"></span>ondizioni in cui si tr<span class=\"_ _3\"></span>ovano.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "A<span class=\"_ _3\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _3\"></span>  e  p<span class=\"_ _1\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>t\u00e0  d<span class=\"_ _1\"></span>est<span class=\"_ _3\"></span>in<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>  al<span class=\"_ _1\"></span>la  v<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>di<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>  <span class=\"ff5\">\u2013<span class=\"ff1\">  L<span class=\"_ _5\"></span>a  classificazione  in <span class=\"_ _4\"> </span>tale <span class=\"_ _4\"> </span>categoria  a<span class=\"_ _5\"></span>vviene  nel <span class=\"_ _4\"> </span>momento  in <span class=\"_ _4\"> </span>cui </span></span>l\u2019operazione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>ve<span class=\"_ _3\"></span>ndita <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>nsiderata <span class=\"_ _6\"></span>altamente <span class=\"_ _7\"></span>probabile <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>immediatamente <span class=\"_ _6\"></span>disponibili<span class=\"_ _3\"></span> per la vendita nelle c<span class=\"_ _3\"></span>ondizioni in cui si tr<span class=\"_ _3\"></span>ovano.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-31": {
   "value": "R<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>ei r<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span> e de<span class=\"_ _1\"></span>i c<span class=\"_ _3\"></span>os<span class=\"_ _1\"></span>ti <span class=\"ff5\">\u2013</span> <span class=\"ff1\">I <span class=\"_ _5\"></span>ricavi e <span class=\"_ _5\"></span>proventi sono <span class=\"_ _5\"></span>iscritti al netto <span class=\"_ _5\"></span>di resi, <span class=\"_ _5\"></span>sconti e <span class=\"_ _5\"></span>abbuoni, nonch\u00e9 delle </span>imposte <span class=\"_ _f\"> </span>direttamente <span class=\"_ _f\"> </span>connesse <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>on <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>vendita <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>prodotti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>servizi. <span class=\"_ _f\"> </span>Sono <span class=\"_ _f\"> </span>ripartiti <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>ricavi derivanti dall\u2019attivit<span class=\"_ _3\"></span>\u00e0 operativa e proventi fin<span class=\"_ _3\"></span>anziari che maturano<span class=\"_ _3\"></span> tra la data di vendita e<span class=\"_ _3\"></span> la data del pagament<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span>In particolare:<span class=\"_ _75\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>vendita <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia, <span class=\"_ _e\"> </span>gas <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>acqua <span class=\"_ _e\"> </span>sono <span class=\"_ _f\"> </span><span class=\"ff5\">riconosciuti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _e\"> </span>al <span class=\"_ _d\"> </span>momento <span class=\"_ _e\"> </span>dell\u2019erogazione <span class=\"_ _e\"> </span>e </span></span></span>comprendono <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>stanziamento <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>rogazioni <span class=\"_ _5\"></span>effettuate, <span class=\"_ _7\"></span>ma <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>ancora <span class=\"_ _6\"></span>fat<span class=\"_ _3\"></span>turate <span class=\"_ _7\"></span>(stimate <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>analisi storiche determinate in<span class=\"_ _3\"></span> relazione ai consumi<span class=\"_ _3\"></span> pregressi);<span class=\"_ _75\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i <span class=\"_ _f\"> </span>ricavi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>iscritti <span class=\"_ _f\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>tariffe <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>dall\u2019Autorit\u00e0 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>oggetto <span class=\"_ _f\"> </span>di </span></span>perequazioni <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>esercizio <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iflettere <span class=\"_ _d\"> </span>secondo <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>criterio <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>competenza <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>retribuzione <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>a dall\u2019Autorit\u00e0 a fronte <span class=\"_ _3\"></span>degli investimenti effettu<span class=\"_ _3\"></span>ati;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i ricavi sono <span class=\"_ _5\"></span>rilevati quando (o man <span class=\"_ _5\"></span>mano che) \u00e8 adempiuta l\u2019obbligazione del fare, t<span class=\"_ _5\"></span>rasferendo al cliente il bene </span></span>o <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>servizio <span class=\"_ _6\"></span>promesso. <span class=\"_ _7\"></span>Il <span class=\"_ _6\"></span>trasferimento <span class=\"_ _7\"></span>avviene <span class=\"_ _6\"></span>quando <span class=\"_ _6\"></span>(o <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>an <span class=\"_ _6\"></span>mano <span class=\"_ _7\"></span>che) <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>client<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>acquisisce<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontrollo <span class=\"_ _7\"></span>del bene <span class=\"_ _f\"> </span>o <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>servizio. <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>ricavo <span class=\"_ _f\"> </span>iscritto <span class=\"_ _d\"> </span>corrisponde <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>prezzo <span class=\"_ _f\"> </span>attribuito <span class=\"_ _d\"> </span>al<span class=\"_ _5\"></span>l\u2019obbliga<span class=\"_ _3\"></span>zione <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>fare <span class=\"_ _d\"> </span>oggetto <span class=\"_ _f\"> </span>della rilevazione. <span class=\"_ _5\"></span>Si procede <span class=\"_ _5\"></span>all\u2019iscrizione del <span class=\"_ _5\"></span>ricavo <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>se s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>ritenuto probabile <span class=\"_ _5\"></span>che v<span class=\"_ _5\"></span>err\u00e0 incassato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corrispettivo per <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>beni <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>servizi <span class=\"_ _7\"></span>trasferiti <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>cliente. <span class=\"_ _e\"></span><span class=\"ff5\">Quando <span class=\"_ _6\"></span>un\u2019<span class=\"_ _3\"></span>obbligazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>fare <span class=\"_ _6\"></span>viene <span class=\"_ _7\"></span>adempiuta <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>te<span class=\"_ _5\"></span>mpo </span>sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>le  a<span class=\"_ _3\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>derivanti <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>i  cl<span class=\"_ _3\"></span>ienti, <span class=\"_ _f\"> </span>che  r<span class=\"_ _3\"></span>appresentano <span class=\"_ _f\"> </span>una <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>contrattuale<span class=\"_ _3\"></span> realizzata <span class=\"_ _5\"></span>trasferendo <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>cliente <span class=\"_ _5\"></span>prima <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>prezzo <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>pagato <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>pagamento <span class=\"_ _5\"></span>sia <span class=\"_ _7\"></span>dovuto. <span class=\"_ _5\"></span>Di conseguenza <span class=\"_ _6\"></span>le<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>contratti <span class=\"_ _e\"></span>con <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _6\"></span>rappresentano <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>prezzo <span class=\"_ _6\"></span>contrattualizzato <span class=\"_ _e\"></span>in cambio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>servizi <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>siano <span class=\"_ _d\"> </span>gi\u00e0 <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>tati <span class=\"_ _e\"></span>trasferiti <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>cliente. <span class=\"_ _e\"></span>Nel <span class=\"_ _e\"></span>caso <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>cui <span class=\"_ _e\"> </span>quest'ultimo <span class=\"_ _e\"></span>sia <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>diritto incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>ricevere <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>pa<span class=\"_ _5\"></span>gament<span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>contrattualizzat<span class=\"_ _3\"></span>o,<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>soggetto <span class=\"_ _6\"></span>unicamente <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>passaggio <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>tempo <span class=\"_ _6\"></span>prima che il pagamento sia<span class=\"_ _3\"></span> effettivamente dovuto, all<span class=\"_ _3\"></span>ora viene rilevato <span class=\"_ _3\"></span>un credito di natura comm<span class=\"_ _3\"></span>erciale<span class=\"_ _7\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i costi sono contabili<span class=\"_ _3\"></span>zzati secondo il principio della compet<span class=\"_ _3\"></span>enza. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "R<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>ei r<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span> e de<span class=\"_ _1\"></span>i c<span class=\"_ _3\"></span>os<span class=\"_ _1\"></span>ti <span class=\"ff5\">\u2013</span> <span class=\"ff1\">I <span class=\"_ _5\"></span>ricavi e <span class=\"_ _5\"></span>proventi sono <span class=\"_ _5\"></span>iscritti al netto <span class=\"_ _5\"></span>di resi, <span class=\"_ _5\"></span>sconti e <span class=\"_ _5\"></span>abbuoni, nonch\u00e9 delle </span>imposte <span class=\"_ _f\"> </span>direttamente <span class=\"_ _f\"> </span>connesse <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>on <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>vendita <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>prodotti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>servizi. <span class=\"_ _f\"> </span>Sono <span class=\"_ _f\"> </span>ripartiti <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>ricavi derivanti dall\u2019attivit<span class=\"_ _3\"></span>\u00e0 operativa e proventi fin<span class=\"_ _3\"></span>anziari che maturano<span class=\"_ _3\"></span> tra la data di vendita e<span class=\"_ _3\"></span> la data del pagament<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span><span class=\"ff1\"> </span>In particolare:<span class=\"_ _75\"> </span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>vendita <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia, <span class=\"_ _e\"> </span>gas <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>acqua <span class=\"_ _e\"> </span>sono <span class=\"_ _f\"> </span><span class=\"ff5\">riconosciuti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _e\"> </span>al <span class=\"_ _d\"> </span>momento <span class=\"_ _e\"> </span>dell\u2019erogazione <span class=\"_ _e\"> </span>e </span></span></span>comprendono <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>stanziamento <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>rogazioni <span class=\"_ _5\"></span>effettuate, <span class=\"_ _7\"></span>ma <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>ancora <span class=\"_ _6\"></span>fat<span class=\"_ _3\"></span>turate <span class=\"_ _7\"></span>(stimate <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>analisi storiche determinate in<span class=\"_ _3\"></span> relazione ai consumi<span class=\"_ _3\"></span> pregressi);<span class=\"_ _75\"> </span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i <span class=\"_ _f\"> </span>ricavi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>iscritti <span class=\"_ _f\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>tariffe <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>dall\u2019Autorit\u00e0 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>oggetto <span class=\"_ _f\"> </span>di </span></span>perequazioni <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>esercizio <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iflettere <span class=\"_ _d\"> </span>secondo <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>criterio <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>competenza <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>retribuzione <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>a dall\u2019Autorit\u00e0 a fronte <span class=\"_ _3\"></span>degli investimenti effettu<span class=\"_ _3\"></span>ati;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i ricavi sono <span class=\"_ _5\"></span>rilevati quando (o man <span class=\"_ _5\"></span>mano che) \u00e8 adempiuta l\u2019obbligazione del fare, t<span class=\"_ _5\"></span>rasferendo al cliente il bene </span></span>o <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>servizio <span class=\"_ _6\"></span>promesso. <span class=\"_ _7\"></span>Il <span class=\"_ _6\"></span>trasferimento <span class=\"_ _7\"></span>avviene <span class=\"_ _6\"></span>quando <span class=\"_ _6\"></span>(o <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>an <span class=\"_ _6\"></span>mano <span class=\"_ _7\"></span>che) <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>client<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>acquisisce<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontrollo <span class=\"_ _7\"></span>del bene <span class=\"_ _f\"> </span>o <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>servizio. <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>ricavo <span class=\"_ _f\"> </span>iscritto <span class=\"_ _d\"> </span>corrisponde <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>prezzo <span class=\"_ _f\"> </span>attribuito <span class=\"_ _d\"> </span>al<span class=\"_ _5\"></span>l\u2019obbliga<span class=\"_ _3\"></span>zione <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>fare <span class=\"_ _d\"> </span>oggetto <span class=\"_ _f\"> </span>della rilevazione. <span class=\"_ _5\"></span>Si procede <span class=\"_ _5\"></span>all\u2019iscrizione del <span class=\"_ _5\"></span>ricavo <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>se s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>ritenuto probabile <span class=\"_ _5\"></span>che v<span class=\"_ _5\"></span>err\u00e0 incassato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corrispettivo per <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>beni <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>servizi <span class=\"_ _7\"></span>trasferiti <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>cliente. <span class=\"_ _e\"></span><span class=\"ff5\">Quando <span class=\"_ _6\"></span>un\u2019<span class=\"_ _3\"></span>obbligazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>fare <span class=\"_ _6\"></span>viene <span class=\"_ _7\"></span>adempiuta <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>te<span class=\"_ _5\"></span>mpo </span>sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>le  a<span class=\"_ _3\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>derivanti <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>i  cl<span class=\"_ _3\"></span>ienti, <span class=\"_ _f\"> </span>che  r<span class=\"_ _3\"></span>appresentano <span class=\"_ _f\"> </span>una <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>contrattuale<span class=\"_ _3\"></span> realizzata <span class=\"_ _5\"></span>trasferendo <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>cliente <span class=\"_ _5\"></span>prima <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>prezzo <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>pagato <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>pagamento <span class=\"_ _5\"></span>sia <span class=\"_ _7\"></span>dovuto. <span class=\"_ _5\"></span>Di conseguenza <span class=\"_ _6\"></span>le<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>contratti <span class=\"_ _e\"></span>con <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _6\"></span>rappresentano <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>prezzo <span class=\"_ _6\"></span>contrattualizzato <span class=\"_ _e\"></span>in cambio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>servizi <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>siano <span class=\"_ _d\"> </span>gi\u00e0 <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>tati <span class=\"_ _e\"></span>trasferiti <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>cliente. <span class=\"_ _e\"></span>Nel <span class=\"_ _e\"></span>caso <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>cui <span class=\"_ _e\"> </span>quest'ultimo <span class=\"_ _e\"></span>sia <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>diritto incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>ricevere <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>pa<span class=\"_ _5\"></span>gament<span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>contrattualizzat<span class=\"_ _3\"></span>o,<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>soggetto <span class=\"_ _6\"></span>unicamente <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>passaggio <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>tempo <span class=\"_ _6\"></span>prima che il pagamento sia<span class=\"_ _3\"></span> effettivamente dovuto, all<span class=\"_ _3\"></span>ora viene rilevato <span class=\"_ _3\"></span>un credito di natura comm<span class=\"_ _3\"></span>erciale<span class=\"_ _7\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i costi sono contabili<span class=\"_ _3\"></span>zzati secondo il principio della compet<span class=\"_ _3\"></span>enza. </span></span>Rilevazione dei ricavi I <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>icavi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>vendita <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>energia <span class=\"_ _5\"></span>elettrica, <span class=\"_ _5\"></span>gas<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>qua <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>riconosciuti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>contabilizzati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>momento <span class=\"_ _7\"></span>dell\u2019erogazion<span class=\"_ _3\"></span>e solo s<span class=\"_ _5\"></span>e si <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>ritenuto probabile che <span class=\"_ _5\"></span>verr\u00e0 <span class=\"_ _5\"></span>incassato il <span class=\"_ _5\"></span>corrispettivo. Essi <span class=\"_ _5\"></span>comprendono lo <span class=\"_ _5\"></span>stanziamento per <span class=\"_ _5\"></span>le forniture effettuate, <span class=\"_ _4\"> </span>intervenute  tra <span class=\"_ _4\"> </span>la <span class=\"_ _10\"> </span>data  dell\u2019ultima <span class=\"_ _4\"> </span>lettura  e <span class=\"_ _10\"> </span>il  termine <span class=\"_ _4\"> </span>dell\u2019esercizio, <span class=\"_ _4\"> </span>ma <span class=\"_ _4\"> </span>non <span class=\"_ _4\"> </span>ancora <span class=\"_ _10\"> </span>fattu<span class=\"_ _3\"></span>rate. <span class=\"_ _4\"> </span>Tale stanziamento <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>basa <span class=\"_ _e\"> </span>su <span class=\"_ _e\"> </span>stime <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>onsumo <span class=\"_ _e\"></span>giornaliero <span class=\"_ _6\"></span>del <span class=\"_ _d\"> </span>cliente, <span class=\"_ _e\"></span>fondate <span class=\"_ _e\"></span>sul <span class=\"_ _e\"></span>suo <span class=\"_ _e\"> </span>profilo <span class=\"_ _e\"> </span>storico, <span class=\"_ _e\"> </span>rettificato <span class=\"_ _e\"> </span>per riflettere le condizi<span class=\"_ _3\"></span>oni atmosferiche o altri f<span class=\"_ _3\"></span>attori che possono infl<span class=\"_ _3\"></span>uire sui consumi oggetto di<span class=\"_ _3\"></span> stima. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-430": {
   "value": "R<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>ei r<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span> e de<span class=\"_ _1\"></span>i c<span class=\"_ _3\"></span>os<span class=\"_ _1\"></span>ti <span class=\"ff5\">\u2013</span> <span class=\"ff1\">I <span class=\"_ _5\"></span>ricavi e <span class=\"_ _5\"></span>proventi sono <span class=\"_ _5\"></span>iscritti al netto <span class=\"_ _5\"></span>di resi, <span class=\"_ _5\"></span>sconti e <span class=\"_ _5\"></span>abbuoni, nonch\u00e9 delle </span>imposte <span class=\"_ _f\"> </span>direttamente <span class=\"_ _f\"> </span>connesse <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>on <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>vendita <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>prodotti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>servizi. <span class=\"_ _f\"> </span>Sono <span class=\"_ _f\"> </span>ripartiti <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>ricavi derivanti dall\u2019attivit<span class=\"_ _3\"></span>\u00e0 operativa e proventi fin<span class=\"_ _3\"></span>anziari che maturano<span class=\"_ _3\"></span> tra la data di vendita e<span class=\"_ _3\"></span> la data del pagament<span class=\"_ _3\"></span>o.<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span><span class=\"ff1\"> </span>In particolare:<span class=\"_ _75\"> </span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>vendita <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia, <span class=\"_ _e\"> </span>gas <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>acqua <span class=\"_ _e\"> </span>sono <span class=\"_ _f\"> </span><span class=\"ff5\">riconosciuti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>contabilizzati <span class=\"_ _e\"> </span>al <span class=\"_ _d\"> </span>momento <span class=\"_ _e\"> </span>dell\u2019erogazione <span class=\"_ _e\"> </span>e </span></span></span>comprendono <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>stanziamento <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>rogazioni <span class=\"_ _5\"></span>effettuate, <span class=\"_ _7\"></span>ma <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>ancora <span class=\"_ _6\"></span>fat<span class=\"_ _3\"></span>turate <span class=\"_ _7\"></span>(stimate <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>analisi storiche determinate in<span class=\"_ _3\"></span> relazione ai consumi<span class=\"_ _3\"></span> pregressi);<span class=\"_ _75\"> </span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i <span class=\"_ _f\"> </span>ricavi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>iscritti <span class=\"_ _f\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>tariffe <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>dall\u2019Autorit\u00e0 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>oggetto <span class=\"_ _f\"> </span>di </span></span>perequazioni <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fine <span class=\"_ _f\"> </span>esercizio <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iflettere <span class=\"_ _d\"> </span>secondo <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>criterio <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>competenza <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>retribuzione <span class=\"_ _f\"> </span>riconosciut<span class=\"_ _3\"></span>a dall\u2019Autorit\u00e0 a fronte <span class=\"_ _3\"></span>degli investimenti effettu<span class=\"_ _3\"></span>ati;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">i ricavi sono <span class=\"_ _5\"></span>rilevati quando (o man <span class=\"_ _5\"></span>mano che) \u00e8 adempiuta l\u2019obbligazione del fare, t<span class=\"_ _5\"></span>rasferendo al cliente il bene </span></span>o <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>servizio <span class=\"_ _6\"></span>promesso. <span class=\"_ _7\"></span>Il <span class=\"_ _6\"></span>trasferimento <span class=\"_ _7\"></span>avviene <span class=\"_ _6\"></span>quando <span class=\"_ _6\"></span>(o <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>an <span class=\"_ _6\"></span>mano <span class=\"_ _7\"></span>che) <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>client<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>acquisisce<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontrollo <span class=\"_ _7\"></span>del bene <span class=\"_ _f\"> </span>o <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>servizio. <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>ricavo <span class=\"_ _f\"> </span>iscritto <span class=\"_ _d\"> </span>corrisponde <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>prezzo <span class=\"_ _f\"> </span>attribuito <span class=\"_ _d\"> </span>al<span class=\"_ _5\"></span>l\u2019obbliga<span class=\"_ _3\"></span>zione <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>fare <span class=\"_ _d\"> </span>oggetto <span class=\"_ _f\"> </span>della rilevazione. <span class=\"_ _5\"></span>Si procede <span class=\"_ _5\"></span>all\u2019iscrizione del <span class=\"_ _5\"></span>ricavo <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>se s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>ritenuto probabile <span class=\"_ _5\"></span>che v<span class=\"_ _5\"></span>err\u00e0 incassato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corrispettivo per <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>beni <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>servizi <span class=\"_ _7\"></span>trasferiti <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>cliente. <span class=\"_ _e\"></span><span class=\"ff5\">Quando <span class=\"_ _6\"></span>un\u2019<span class=\"_ _3\"></span>obbligazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>fare <span class=\"_ _6\"></span>viene <span class=\"_ _7\"></span>adempiuta <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>te<span class=\"_ _5\"></span>mpo </span>sono <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"> </span>le  a<span class=\"_ _3\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>derivanti <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>i  cl<span class=\"_ _3\"></span>ienti, <span class=\"_ _f\"> </span>che  r<span class=\"_ _3\"></span>appresentano <span class=\"_ _f\"> </span>una <span class=\"_ _f\"> </span>prestazione <span class=\"_ _f\"> </span>contrattuale<span class=\"_ _3\"></span> realizzata <span class=\"_ _5\"></span>trasferendo <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>cliente <span class=\"_ _5\"></span>prima <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>prezzo <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>pagato <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>pagamento <span class=\"_ _5\"></span>sia <span class=\"_ _7\"></span>dovuto. <span class=\"_ _5\"></span>Di conseguenza <span class=\"_ _6\"></span>le<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>contratti <span class=\"_ _e\"></span>con <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _6\"></span>rappresentano <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>prezzo <span class=\"_ _6\"></span>contrattualizzato <span class=\"_ _e\"></span>in cambio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>servizi <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>siano <span class=\"_ _d\"> </span>gi\u00e0 <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>tati <span class=\"_ _e\"></span>trasferiti <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>cliente. <span class=\"_ _e\"></span>Nel <span class=\"_ _e\"></span>caso <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>cui <span class=\"_ _e\"> </span>quest'ultimo <span class=\"_ _e\"></span>sia <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>diritto incondizionato <span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>ricevere <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>pa<span class=\"_ _5\"></span>gament<span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>contrattualizzat<span class=\"_ _3\"></span>o,<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>soggetto <span class=\"_ _6\"></span>unicamente <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>passaggio <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>tempo <span class=\"_ _6\"></span>prima che il pagamento sia<span class=\"_ _3\"></span> effettivamente dovuto, all<span class=\"_ _3\"></span>ora viene rilevato <span class=\"_ _3\"></span>un credito di natura comm<span class=\"_ _3\"></span>erciale<span class=\"_ _7\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i costi sono contabili<span class=\"_ _3\"></span>zzati secondo il principio della compet<span class=\"_ _3\"></span>enza. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-33": {
   "value": "C<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>but<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span><span class=\"ff1\">I <span class=\"_ _5\"></span>contributi <span class=\"_ _7\"></span>pubblici <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>conto <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>mpianto<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>rilevati <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>lungo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>necessario <span class=\"_ _5\"></span>per </span>correlarli <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>costo. <span class=\"_ _7\"></span>Nella <span class=\"_ _7\"></span>situazione <span class=\"_ _7\"></span>patrimoniale<span class=\"_ _7\"></span>-finanziaria <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>rappresentati <span class=\"_ _7\"></span>iscrivendo <span class=\"_ _7\"></span>il contributo <span class=\"_ _7\"></span>come <span class=\"_ _6\"></span>ricavo <span class=\"_ _7\"></span>differito. <span class=\"_ _7\"></span>I<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontributi <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>esercizio, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ompresi <span class=\"_ _7\"></span>quelli <span class=\"_ _6\"></span>ricevuti <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>utenti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l\u2019allacciam<span class=\"_ _3\"></span>ento del <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ervizio, <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>considerati <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>prestazioni <span class=\"_ _7\"></span>effettuate <span class=\"_ _5\"></span>nell\u2019esercizio <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>pertanto <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>contabilizzati <span class=\"_ _7\"></span>secondo <span class=\"_ _5\"></span>il criterio della compet<span class=\"_ _3\"></span>enza.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-32": {
   "value": "P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>on<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _f\"> </span><span class=\"ff1\">I <span class=\"_ _f\"> </span>proventi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _d\"> </span>sono<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ilevati <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ase <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>principio <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>co<span class=\"_ _5\"></span>mpeten<span class=\"_ _3\"></span>za. <span class=\"_ _f\"> </span>I </span>dividendi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>parteci<span class=\"_ _3\"></span>pazioni\u201d <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _7\"></span>a <span class=\"_ _6\"> </span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>momento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stabilito <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _75\"> </span>riceverne <span class=\"_ _4\"> </span>il <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>agamento,  \u00e8 <span class=\"_ _10\"> </span>probabile  che <span class=\"_ _10\"> </span>i <span class=\"_ _4\"> </span>benefici <span class=\"_ _4\"> </span>economici <span class=\"_ _4\"> </span>derivanti <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ai  d<span class=\"_ _5\"></span>ividendi <span class=\"_ _4\"> </span>affluiranno <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>Gruppo  e l\u2019ammontare degli st<span class=\"_ _3\"></span>essi pu\u00f2 essere atten<span class=\"_ _3\"></span>dibilmente valutato.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>on<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _f\"> </span><span class=\"ff1\">I <span class=\"_ _f\"> </span>proventi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _d\"> </span>sono<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ilevati <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ase <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>principio <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>co<span class=\"_ _5\"></span>mpeten<span class=\"_ _3\"></span>za. <span class=\"_ _f\"> </span>I </span>dividendi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>parteci<span class=\"_ _3\"></span>pazioni\u201d <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _7\"></span>a <span class=\"_ _6\"> </span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>momento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stabilito <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _75\"> </span>riceverne <span class=\"_ _4\"> </span>il <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>agamento,  \u00e8 <span class=\"_ _10\"> </span>probabile  che <span class=\"_ _10\"> </span>i <span class=\"_ _4\"> </span>benefici <span class=\"_ _4\"> </span>economici <span class=\"_ _4\"> </span>derivanti <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ai  d<span class=\"_ _5\"></span>ividendi <span class=\"_ _4\"> </span>affluiranno <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>Gruppo  e l\u2019ammontare degli st<span class=\"_ _3\"></span>essi pu\u00f2 essere atten<span class=\"_ _3\"></span>dibilmente valutato.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>on<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _f\"> </span><span class=\"ff1\">I <span class=\"_ _f\"> </span>proventi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _d\"> </span>sono<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ilevati <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ase <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>principio <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>co<span class=\"_ _5\"></span>mpeten<span class=\"_ _3\"></span>za. <span class=\"_ _f\"> </span>I </span>dividendi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>parteci<span class=\"_ _3\"></span>pazioni\u201d <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _7\"></span>a <span class=\"_ _6\"> </span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>momento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stabilito <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _75\"> </span>riceverne <span class=\"_ _4\"> </span>il <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>agamento,  \u00e8 <span class=\"_ _10\"> </span>probabile  che <span class=\"_ _10\"> </span>i <span class=\"_ _4\"> </span>benefici <span class=\"_ _4\"> </span>economici <span class=\"_ _4\"> </span>derivanti <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ai  d<span class=\"_ _5\"></span>ividendi <span class=\"_ _4\"> </span>affluiranno <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>Gruppo  e l\u2019ammontare degli st<span class=\"_ _3\"></span>essi pu\u00f2 essere atten<span class=\"_ _3\"></span>dibilmente valutato.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>on<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>ar<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _f\"> </span><span class=\"ff1\">I <span class=\"_ _f\"> </span>proventi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _d\"> </span>sono<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ilevati <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ase <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>principio <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>co<span class=\"_ _5\"></span>mpeten<span class=\"_ _3\"></span>za. <span class=\"_ _f\"> </span>I </span>dividendi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>parteci<span class=\"_ _3\"></span>pazioni\u201d <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _7\"></span>a <span class=\"_ _6\"> </span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>momento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stabilito <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>diritto <span class=\"_ _6\"></span>a<span class=\"_ _75\"> </span>riceverne <span class=\"_ _4\"> </span>il <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>agamento,  \u00e8 <span class=\"_ _10\"> </span>probabile  che <span class=\"_ _10\"> </span>i <span class=\"_ _4\"> </span>benefici <span class=\"_ _4\"> </span>economici <span class=\"_ _4\"> </span>derivanti <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ai  d<span class=\"_ _5\"></span>ividendi <span class=\"_ _4\"> </span>affluiranno <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>Gruppo  e l\u2019ammontare degli st<span class=\"_ _3\"></span>essi pu\u00f2 essere atten<span class=\"_ _3\"></span>dibilmente valutato.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-448": {
   "value": "Im<span class=\"_ _1\"></span>po<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _e\"> </span>Le <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"></span>rappresentano <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>somma <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>imposte <span class=\"_ _e\"> </span>correnti, <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ifferite <span class=\"_ _6\"></span>ed <span class=\"_ _d\"> </span>eventuali <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"></span>sostitutive. <span class=\"_ _6\"></span>L<span class=\"_ _5\"></span>e </span></span>imposte  correnti  sono<span class=\"_ _3\"></span>  calcolate  sul  risul<span class=\"_ _3\"></span>tato  imponibile  dell\u2019e<span class=\"_ _3\"></span>sercizio.  Le  \u201cPassivit<span class=\"_ _3\"></span>\u00e0  per  imposte  correnti\u201d  s<span class=\"_ _3\"></span>ono calcolate utilizzando <span class=\"_ _3\"></span>aliquote vigenti alla <span class=\"_ _3\"></span>data del bilancio.<span class=\"_ _5\"></span> Nella determinazione delle imposte di <span class=\"_ _5\"></span>esercizio, il Gruppo ha <span class=\"_ _5\"></span>tenuto in debita considerazione gli effetti <span class=\"_ _5\"></span>derivanti dalla<span class=\"_ _3\"></span> riforma <span class=\"_ _7\"></span>fiscale <span class=\"_ _7\"></span>Ias <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ntrodotta <span class=\"_ _7\"></span>dalla <span class=\"_ _7\"></span>L. <span class=\"_ _6\"></span>244 <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>24 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _5\"></span>2007 <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>ra<span class=\"_ _5\"></span>fforzato <span class=\"_ _5\"></span>pr<span class=\"_ _5\"></span>incipio <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>derivazione<span class=\"_ _3\"></span> statuito <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span>ll'art. <span class=\"_ _5\"></span>83 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Tuir. <span class=\"_ _7\"></span>Tale <span class=\"_ _5\"></span>principio <span class=\"_ _7\"></span>prevede <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>soggetti <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>pplicano <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>principi <span class=\"_ _7\"></span>contabili <span class=\"_ _5\"></span>internazionali<span class=\"_ _75\"> </span>valgano, anche <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>deroga alle d<span class=\"_ _5\"></span>isposizioni del <span class=\"_ _5\"></span>Tuir, i <span class=\"_ _5\"></span>criteri di <span class=\"_ _5\"></span>qualificazione, imputazione te<span class=\"_ _5\"></span>mporale e c<span class=\"_ _5\"></span>lassificazi<span class=\"_ _3\"></span>one in bilancio previsti da<span class=\"_ _3\"></span> detti principi contabili<span class=\"_ _3\"></span>.<span class=\"_ _75\"> </span>Le i<span class=\"_ _5\"></span>mposte differite s<span class=\"_ _5\"></span>ono calcolate c<span class=\"_ _5\"></span>on riguardo <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>differenze temporanee nella <span class=\"_ _5\"></span>tassazione e <span class=\"_ _5\"></span>sono iscritte <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>voce \u201cPassivit\u00e0 <span class=\"_ _d\"> </span><span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span></span>di<span class=\"_ _5\"></span>fferite\u201d. <span class=\"_ _d\"> </span>Le <span class=\"_ _f\"> </span>\u201cAttivit\u00e0 <span class=\"_ _d\"> </span><span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span></span>differite\u201d <span class=\"_ _f\"> </span>vengono <span class=\"_ _e\"> </span>ri<span class=\"_ _5\"></span>levate <span class=\"_ _e\"> </span>n<span class=\"_ _5\"></span>ella <span class=\"_ _d\"> </span>misura <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>cui <span class=\"_ _d\"> </span>si <span class=\"_ _f\"> </span>ritiene probabile <span class=\"_ _7\"></span>l\u2019esistenza, <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>esercizi <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>riv<span class=\"_ _3\"></span>erseranno <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>differenze <span class=\"_ _5\"></span>temporanee, <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>reddito <span class=\"_ _7\"></span>imponibile almeno pari a<span class=\"_ _5\"></span>ll\u2019ammontare<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>delle differenze che <span class=\"_ _5\"></span>si andranno ad <span class=\"_ _5\"></span>annullare. Le <span class=\"_ _5\"></span>imposte differite sono de<span class=\"_ _5\"></span>terminate<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>sulla<span class=\"_ _3\"></span> base d<span class=\"_ _5\"></span>elle aliquote <span class=\"_ _5\"></span>fiscali <span class=\"_ _5\"></span>che si <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>saranno applicabili <span class=\"_ _5\"></span>nell\u2019esercizio nel <span class=\"_ _5\"></span>quale <span class=\"_ _5\"></span>sar\u00e0 realizzata <span class=\"_ _5\"></span>l\u2019attivit\u00e0 fiscale <span class=\"_ _5\"></span>o sar\u00e0 estinta la passivit\u00e0 fiscale, sulla base delle a<span class=\"_ _5\"></span>liquote fiscali stabilite da provvedimenti in vigore o sostanzialmente in vigore alla data di riferimento del bilancio. Tali variazioni sono imputate a conto economico o a patrimonio netto, in relazione all\u2019imput<span class=\"_ _3\"></span>azione effettuata all\u2019or<span class=\"_ _3\"></span>igine della differenza d<span class=\"_ _3\"></span>i riferimento.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Possono, <span class=\"_ _5\"></span>infine, <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>iscritte <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ostitutive <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>presenza d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>disposizioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>onsentono <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>di usufruire di particolari <span class=\"_ _5\"></span>regimi fiscali. Per loro <span class=\"_ _5\"></span>natura si tratta di <span class=\"_ _5\"></span>imposte aventi natura non<span class=\"_ _5\"></span> ricorrente, riconducibile all<span class=\"_ _6\"></span><span class=\"lse\">a </span>volont\u00e0 del Gruppo di <span class=\"_ _3\"></span>optare o meno per il corr<span class=\"_ _3\"></span>elato regime fiscale. Nel caso in cui l\u2019i<span class=\"_ _5\"></span>mposta sostitut<span class=\"_ _3\"></span>iva venga versata in virt\u00f9 d<span class=\"_ _5\"></span>i una normativa fiscale che consenta di allineare, del tutto o <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>parte, <span class=\"_ _f\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>cor<span class=\"_ _5\"></span>rispond<span class=\"_ _3\"></span>ente <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>fiscale <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>stessa, <span class=\"_ _d\"> </span>il <span class=\"_ _f\"> </span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _d\"> </span>procede<span class=\"_ _75\"> </span>all\u2019iscrizione <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>complessivo <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>benefici <span class=\"_ _7\"></span>fiscali <span class=\"_ _7\"></span>(tax <span class=\"_ _7\"></span>asset) <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>contemporaneamente <span class=\"_ _7\"></span>dell\u2019intera <span class=\"_ _7\"></span>imposta sostitutiva nell\u2019eserci<span class=\"_ _3\"></span>zio in cui il managem<span class=\"_ _3\"></span>ent assume la decisio<span class=\"_ _3\"></span>ne di usufruire di tale o<span class=\"_ _3\"></span>pportunit\u00e0.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span><span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-37": {
   "value": "Le i<span class=\"_ _5\"></span>mposte differite s<span class=\"_ _5\"></span>ono calcolate c<span class=\"_ _5\"></span>on riguardo <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>differenze temporanee nella <span class=\"_ _5\"></span>tassazione e <span class=\"_ _5\"></span>sono iscritte <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>voce \u201cPassivit\u00e0 <span class=\"_ _d\"> </span><span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span></span>di<span class=\"_ _5\"></span>fferite\u201d. <span class=\"_ _d\"> </span>Le <span class=\"_ _f\"> </span>\u201cAttivit\u00e0 <span class=\"_ _d\"> </span><span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span></span>differite\u201d <span class=\"_ _f\"> </span>vengono <span class=\"_ _e\"> </span>ri<span class=\"_ _5\"></span>levate <span class=\"_ _e\"> </span>n<span class=\"_ _5\"></span>ella <span class=\"_ _d\"> </span>misura <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>cui <span class=\"_ _d\"> </span>si <span class=\"_ _f\"> </span>ritiene probabile <span class=\"_ _7\"></span>l\u2019esistenza, <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>esercizi <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>riv<span class=\"_ _3\"></span>erseranno <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>differenze <span class=\"_ _5\"></span>temporanee, <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>reddito <span class=\"_ _7\"></span>imponibile almeno pari a<span class=\"_ _5\"></span>ll\u2019ammontare<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>delle differenze che <span class=\"_ _5\"></span>si andranno ad <span class=\"_ _5\"></span>annullare. Le <span class=\"_ _5\"></span>imposte differite sono de<span class=\"_ _5\"></span>terminate<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>sulla<span class=\"_ _3\"></span> base d<span class=\"_ _5\"></span>elle aliquote <span class=\"_ _5\"></span>fiscali <span class=\"_ _5\"></span>che si <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>saranno applicabili <span class=\"_ _5\"></span>nell\u2019esercizio nel <span class=\"_ _5\"></span>quale <span class=\"_ _5\"></span>sar\u00e0 realizzata <span class=\"_ _5\"></span>l\u2019attivit\u00e0 fiscale <span class=\"_ _5\"></span>o sar\u00e0 estinta la passivit\u00e0 fiscale, sulla base delle a<span class=\"_ _5\"></span>liquote fiscali stabilite da provvedimenti in vigore o sostanzialmente in vigore alla data di riferimento del bilancio. Tali variazioni sono imputate a conto economico o a patrimonio netto, in relazione all\u2019imput<span class=\"_ _3\"></span>azione effettuata all\u2019or<span class=\"_ _3\"></span>igine della differenza d<span class=\"_ _3\"></span>i riferimento.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "Possono, <span class=\"_ _5\"></span>infine, <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>iscritte <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ostitutive <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>presenza d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>disposizioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>onsentono <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>di usufruire di particolari <span class=\"_ _5\"></span>regimi fiscali. Per loro <span class=\"_ _5\"></span>natura si tratta di <span class=\"_ _5\"></span>imposte aventi natura non<span class=\"_ _5\"></span> ricorrente, riconducibile all<span class=\"_ _6\"></span><span class=\"lse\">a </span>volont\u00e0 del Gruppo di <span class=\"_ _3\"></span>optare o meno per il corr<span class=\"_ _3\"></span>elato regime fiscale. Nel caso in cui l\u2019i<span class=\"_ _5\"></span>mposta sostitut<span class=\"_ _3\"></span>iva venga versata in virt\u00f9 d<span class=\"_ _5\"></span>i una normativa fiscale che consenta di allineare, del tutto o <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>parte, <span class=\"_ _f\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>cor<span class=\"_ _5\"></span>rispond<span class=\"_ _3\"></span>ente <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>fiscale <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>stessa, <span class=\"_ _d\"> </span>il <span class=\"_ _f\"> </span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _d\"> </span>procede<span class=\"_ _75\"> </span>all\u2019iscrizione <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>complessivo <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>benefici <span class=\"_ _7\"></span>fiscali <span class=\"_ _7\"></span>(tax <span class=\"_ _7\"></span>asset) <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>contemporaneamente <span class=\"_ _7\"></span>dell\u2019intera <span class=\"_ _7\"></span>imposta sostitutiva nell\u2019eserci<span class=\"_ _3\"></span>zio in cui il managem<span class=\"_ _3\"></span>ent assume la decisio<span class=\"_ _3\"></span>ne di usufruire di tale o<span class=\"_ _3\"></span>pportunit\u00e0.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "Nel caso in cui l\u2019i<span class=\"_ _5\"></span>mposta sostitut<span class=\"_ _3\"></span>iva venga versata in virt\u00f9 d<span class=\"_ _5\"></span>i una normativa fiscale che consenta di allineare, del tutto o <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>parte, <span class=\"_ _f\"> </span>il <span class=\"_ _e\"> </span>valore <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>un\u2019attivit\u00e0 <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>cor<span class=\"_ _5\"></span>rispond<span class=\"_ _3\"></span>ente <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>fiscale <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>stessa, <span class=\"_ _d\"> </span>il <span class=\"_ _f\"> </span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _d\"> </span>procede<span class=\"_ _75\"> </span>all\u2019iscrizione <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>complessivo <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>benefici <span class=\"_ _7\"></span>fiscali <span class=\"_ _7\"></span>(tax <span class=\"_ _7\"></span>asset) <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>contemporaneamente <span class=\"_ _7\"></span>dell\u2019intera <span class=\"_ _7\"></span>imposta sostitutiva nell\u2019eserci<span class=\"_ _3\"></span>zio in cui il managem<span class=\"_ _3\"></span>ent assume la decisio<span class=\"_ _3\"></span>ne di usufruire di tale o<span class=\"_ _3\"></span>pportunit\u00e0.<span class=\"_ _75\"> </span>Il <span class=\"_ _7\"></span>capitale <span class=\"_ _7\"></span>sociale <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>costituito <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>1<span class=\"_ _5\"></span>.489.53<span class=\"_ _3\"></span>8.745 <span class=\"_ _7\"></span>azioni <span class=\"_ _7\"></span>ordinarie <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>nominale <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>1 <span class=\"_ _7\"></span>euro cadauna e risulta interam<span class=\"_ _3\"></span>ente versato. Il numero delle a<span class=\"_ _3\"></span>zioni proprie detenute <span class=\"_ _3\"></span>dal Gruppo al 31 dicembre 20<span class=\"_ _3\"></span>2<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span> \u00e8 pari a 48<span class=\"ls0\">.0<span class=\"_ _3\"></span>42.438 (45.830.208 al 31 <span class=\"_ _3\"></span>dicembre 2023<span class=\"lsd\">).<span class=\"_ _75\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-38": {
   "value": "C<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span>ri <span class=\"_ _7\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>co<span class=\"_ _1\"></span>nv<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>de<span class=\"_ _1\"></span>lle<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>pos<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span>in<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>val<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>trans<span class=\"_ _3\"></span>azioni <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>valuta <span class=\"_ _6\"></span>estera <span class=\"_ _6\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>rilevate, <span class=\"_ _6\"></span>inizialmente, <span class=\"_ _7\"></span>al </span></span>tasso <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>cambio <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>essere <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>data <span class=\"_ _e\"> </span>dell\u2019operazione. <span class=\"_ _6\"> </span>Le <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>aluta <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>iscritte <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>cambio <span class=\"_ _e\"> </span>di riferimento <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>chiusura <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>perdite <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>cambi <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>imputati <span class=\"_ _5\"></span>regolarmente <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>conto economico. <span class=\"_ _6\"></span>L\u2019eventuale <span class=\"_ _6\"></span>utile <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>etto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>dovesse <span class=\"_ _6\"></span>sorgere <span class=\"_ _6\"></span>viene <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ccantonato <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>un\u2019ap<span class=\"_ _3\"></span>posita <span class=\"_ _6\"></span>riserva <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>distribuibile<span class=\"_ _3\"></span> fino alla data di reali<span class=\"_ _3\"></span>zzo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-35": {
   "value": "O<span class=\"_ _3\"></span>pe<span class=\"_ _1\"></span>raz<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _3\"></span> con<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>pa<span class=\"_ _3\"></span>rt<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>ela<span class=\"_ _3\"></span>te<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> <span class=\"_ _7\"></span>Le <span class=\"_ _5\"></span>operazioni c<span class=\"_ _5\"></span>on p<span class=\"_ _5\"></span>arti <span class=\"_ _5\"></span>correlate <span class=\"_ _5\"></span>avvengono alle <span class=\"_ _7\"></span>normali condizioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato, nel </span></span>rispetto <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>criteri <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>efficienz<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>d <span class=\"_ _7\"></span>economicit\u00e0. <span class=\"_ _6\"></span>Alcune <span class=\"_ _7\"></span>specifiche <span class=\"_ _7\"></span>transazioni <span class=\"_ _7\"></span>vengono <span class=\"_ _6\"></span>remune<span class=\"_ _3\"></span>rate <span class=\"_ _6\"></span>sull<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>base <span class=\"_ _7\"></span>delle tariffe definite dalle d<span class=\"_ _3\"></span>elibere dell\u2019Arera.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "Gestione dei <span class=\"_ _3\"></span>rischi Rischio di credito Il <span class=\"_ _5\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>credito cu<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>esposto il <span class=\"_ _7\"></span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>deriva <span class=\"_ _5\"></span>dall\u2019ampia <span class=\"_ _5\"></span>articolazione dei <span class=\"_ _5\"></span>portafogli <span class=\"_ _5\"></span>clienti delle <span class=\"_ _5\"></span>principali <span class=\"_ _5\"></span>aree <span class=\"_ _5\"></span>di<span class=\"_ _6\"></span><span class=\"ff1\"> </span>business nelle quali opera; per la stessa ragione, tale rischio<span class=\"_ _3\"></span> risulta ripartito su di un largo numero di clienti. Al fine d<span class=\"_ _6\"></span><span class=\"ls23\">i </span>gestire <span class=\"_ _e\"></span>il <span class=\"_ _e\"> </span>rischio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>credito, <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>efinito <span class=\"_ _6\"></span>procedure <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>elezione, <span class=\"_ _6\"></span>il <span class=\"_ _d\"> </span>monitoraggio <span class=\"_ _6\"></span>e <span class=\"_ _d\"> </span>la <span class=\"_ _e\"></span>valutazione <span class=\"_ _e\"></span>del proprio portafoglio cli<span class=\"_ _3\"></span>enti. Il mercato di ri<span class=\"_ _3\"></span>ferimento \u00e8 principalme<span class=\"_ _3\"></span>nte quello italiano.<span class=\"_ _5\"></span> Il <span class=\"_ _6\"></span>modello <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>credito <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>consente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>maniera <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nalitica <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>differente <span class=\"_ _6\"></span>rischiosit<span class=\"_ _3\"></span>\u00e0 associabile all\u2019esigibilit\u00e0<span class=\"_ _3\"></span> dei crediti sin dal loro sorgere e progressivamente in funzione della loro crescente<span class=\"_ _3\"></span> anzianit\u00e0. Questa operativit\u00e0 <span class=\"_ _5\"></span>consente <span class=\"_ _5\"></span>di ridurre <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>concentrazione e <span class=\"_ _5\"></span>l\u2019esposizione ai <span class=\"_ _5\"></span>rischi d<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>redito, sia <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>segmento clienti business <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>segmento <span class=\"_ _10\"> </span>domestico. <span class=\"_ _4\"> </span>Re<span class=\"_ _5\"></span>lativament<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>crediti <span class=\"_ _10\"> </span>riguarda<span class=\"_ _3\"></span>nti <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>piccoli <span class=\"_ _10\"> </span>clienti <span class=\"_ _4\"> </span>v<span class=\"_ _5\"></span>engono <span class=\"_ _4\"> </span>e<span class=\"_ _5\"></span>ffettuati<span class=\"_ _3\"></span> stanziamenti <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>fondo <span class=\"_ _f\"> </span>svalutazione <span class=\"_ _f\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>analisi <span class=\"_ _f\"> </span>predittive <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>irca <span class=\"_ _f\"> </span>l\u2019amm<span class=\"_ _3\"></span>ontare <span class=\"_ _f\"> </span>dei <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>robabili <span class=\"_ _d\"> </span>futuri <span class=\"_ _f\"> </span>incassi, prendendo <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>considerazione <span class=\"_ _7\"></span>l\u2019anzianit\u00e0<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>redito, <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>tipo <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>azioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>recupero <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ntraprese <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tatus <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>creditore. Periodicamente, <span class=\"_ _e\"> </span>inoltre, <span class=\"_ _d\"> </span>vengono <span class=\"_ _d\"> </span>effettuate <span class=\"_ _d\"> </span>analisi <span class=\"_ _d\"> </span>sulle <span class=\"_ _d\"> </span>posizioni <span class=\"_ _d\"> </span>creditizie <span class=\"_ _e\"> </span>ancora <span class=\"_ _f\"> </span>aperte <span class=\"_ _e\"> </span>individuando <span class=\"_ _d\"> </span>eventuali criticit\u00e0 e qualora ris<span class=\"_ _3\"></span>ultino parzialmente, o <span class=\"_ _3\"></span>del tutto, inesigibili si p<span class=\"_ _3\"></span>rocede a una congrua sv<span class=\"_ _3\"></span>alutazione.<span class=\"_ _7\"></span> Rischio di liquidit\u00e0 Il <span class=\"_ _5\"></span>rischio d<span class=\"_ _5\"></span>i l<span class=\"_ _5\"></span>iquidit\u00e0 consiste <span class=\"_ _5\"></span>nell\u2019impossibilit\u00e0 di <span class=\"_ _5\"></span>far <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>obbligazioni finanziarie <span class=\"_ _5\"></span>assunte per <span class=\"_ _5\"></span>carenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>risors<span class=\"_ _6\"></span><span class=\"ff1 ls22\">e </span>interne <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>incapacit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>reperire <span class=\"_ _d\"> </span>risorse <span class=\"_ _f\"> </span>esterne <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>osti <span class=\"_ _f\"> </span>sostenibili <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>Gruppo. <span class=\"_ _f\"></span><span class=\"_ _f\"> </span>Il <span class=\"_ _d\"> </span>rischio <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>liquidit\u00e0 <span class=\"_ _d\"> </span>\u00e8  m<span class=\"_ _3\"></span>itigato adottando <span class=\"_ _7\"></span>politiche <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>procedure <span class=\"_ _7\"></span>atte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>ottimizzare <span class=\"_ _7\"></span>l\u2019efficienza <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>risorse <span class=\"_ _7\"></span>finan<span class=\"_ _3\"></span>ziarie <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>manten<span class=\"_ _3\"></span>endo un adeguato equili<span class=\"_ _3\"></span>brio della struttura fina<span class=\"_ _3\"></span>nziaria. Ci\u00f2 si esplica <span class=\"_ _3\"></span>prevalentemente nella g<span class=\"_ _3\"></span>estione centralizzat<span class=\"_ _3\"></span>a dei flussi<span class=\"_ _75\"> </span>in <span class=\"_ _c\"> </span>entrata <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _1d\"> </span>usc<span class=\"_ _5\"></span>ita <span class=\"_ _1d\"> </span>(tesoreria <span class=\"_ _c\"> </span>centralizzata), <span class=\"_ _1d\"> </span>nella <span class=\"_ _c\"> </span>valutazione <span class=\"_ _1d\"> </span>prospettica <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>condizioni <span class=\"_ _1d\"> </span>di <span class=\"_ _c\"> </span>liquidit\u00e0, nell\u2019ottenimento di a<span class=\"_ _3\"></span>deguate linee di credito, <span class=\"_ _3\"></span>nonch\u00e9 preservand<span class=\"_ _3\"></span>o un adeguato ammontare <span class=\"_ _3\"></span>di liquidit\u00e0. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>La <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>ianificazio<span class=\"_ _3\"></span>ne <span class=\"_ _f\"> </span>finanziari<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ei <span class=\"_ _d\"> </span>fabbisogni <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>gestione <span class=\"_ _e\"> </span>orientata <span class=\"_ _f\"> </span>sulla <span class=\"_ _d\"> </span>disponibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>linee <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>inanziame<span class=\"_ _3\"></span>nto <span class=\"_ _f\"> </span>a medio-<span class=\"ff5\">lungo termine perm<span class=\"_ _3\"></span>ette un\u2019efficace gestio<span class=\"_ _3\"></span>ne del rischio di liquidit<span class=\"_ _3\"></span>\u00e0.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>Rischio tasso d\u2019interess<span class=\"_ _3\"></span>e e rischio valuta su oper<span class=\"_ _3\"></span>azioni di finanziamento<span class=\"ff3\"> </span>Il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>finanziamenti <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>influenzato <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>alle <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>tas<span class=\"_ _3\"></span>si <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse. <span class=\"_ _6\"></span>Parimenti <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>passivit\u00e0<span class=\"_ _3\"></span> finanziarie <span class=\"_ _5\"></span>stesse <span class=\"_ _5\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>soggetto <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>fluttuazioni <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>tassi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>interesse <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>cambio <span class=\"_ _7\"></span>sulle <span class=\"_ _5\"></span>posizioni <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valuta, <span class=\"_ _7\"></span>quest\u2019ultime non presenti alla chi<span class=\"_ _3\"></span>usura dell\u2019esercizio.<span class=\"ff1\"> </span>Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _7\"></span>valuta <span class=\"_ _5\"></span>regolarmente <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>propria <span class=\"_ _5\"></span>esposizione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>tali <span class=\"_ _5\"></span>rischi <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>li <span class=\"_ _7\"></span>gestisce <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>l\u2019utilizzo <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>strumenti finanziari <span class=\"_ _e\"></span>derivati, <span class=\"_ _e\"> </span>secondo <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"></span>stabilito <span class=\"_ _e\"> </span>nelle <span class=\"_ _d\"> </span>proprie <span class=\"_ _e\"> </span>politiche <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>gestione <span class=\"_ _d\"> </span>dei <span class=\"_ _e\"> </span>rischi. <span class=\"_ _d\"> </span>Per <span class=\"_ _e\"> </span>mitigare <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ischio <span class=\"_ _e\"></span>di volatilit\u00e0 <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>tassi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>interesse <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>contemporaneamente <span class=\"_ _5\"></span>garantire <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>corretto <span class=\"_ _5\"></span>bilanciamento <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>indebitamento a <span class=\"_ _7\"></span>tasso fisso e indebitamento a tasso variabile, il Gruppo prevede la stipula di strumenti deri<span class=\"_ _3\"></span>vati di copertura su tassi a fronte di parte delle proprie passivit\u00e0 <span class=\"_ _5\"></span>finanziarie. Allo stesso tempo, per mitigare il rischio di fluttuazione dei tassi di cambio,<span class=\"_ _3\"></span> il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>revede <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>sottoscrivere <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>copertura <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>mbi <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>completa <span class=\"_ _5\"></span>copertura <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>finanziamenti <span class=\"_ _5\"></span>espressi <span class=\"_ _5\"></span>in valuta estera. <span class=\"_ _5\"></span><span class=\"ff5\">Nell\u2019ambito di tali indirizzi, l\u2019uso di strumenti finanziari derivati \u00e8 riservato <span class=\"_ _5\"></span>alla gestione dell\u2019esposizio<span class=\"_ _3\"></span>ne<span class=\"_ _75\"> </span></span>alle <span class=\"_ _d\"> </span>fluttuazioni <span class=\"_ _e\"></span>dei <span class=\"_ _e\"> </span>tassi <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>interesse <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ambio <span class=\"_ _e\"> </span>connessi <span class=\"_ _e\"> </span>con <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>monetari <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>poste <span class=\"_ _e\"></span>patrimoniali <span class=\"_ _e\"></span>attive <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> passive. Tali politi<span class=\"_ _3\"></span>che non consentono attivit\u00e0<span class=\"_ _3\"></span> di tipo speculativo. Rischio mercato e rischio <span class=\"_ _3\"></span>valuta su operazio<span class=\"_ _3\"></span>ni commerciali In <span class=\"_ _7\"></span>relazione <span class=\"_ _5\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>grossista, <span class=\"_ _5\"></span>svolta <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>controllata <span class=\"_ _5\"></span>Hera <span class=\"_ _5\"></span>Trading <span class=\"_ _7\"></span>Srl, <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>trova <span class=\"_ _7\"></span>a <span class=\"_ _5\"></span>dover <span class=\"_ _7\"></span>gestire <span class=\"_ _5\"></span>rischi legati al d<span class=\"_ _5\"></span>isallineam<span class=\"_ _3\"></span>ento tra <span class=\"_ _5\"></span>le formule di <span class=\"_ _5\"></span>indicizzazione relative all\u2019acquisto di gas ed<span class=\"_ _5\"></span> energia elettrica e le <span class=\"_ _5\"></span>formule di indicizzazione <span class=\"_ _7\"></span>legate <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>medesime <span class=\"_ _7\"></span>commodity <span class=\"_ _7\"></span>(ivi <span class=\"_ _6\"></span>inclusi <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>contratti <span class=\"_ _7\"></span>stipulati <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>prezzo <span class=\"_ _7\"></span>fisso)<span class=\"_ _75\"> </span>, <span class=\"_ _6\"></span>nonch\u00e9<span class=\"_ _3\"></span> eventuali <span class=\"_ _e\"> </span>rischi <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ambio <span class=\"_ _e\"></span>nel <span class=\"_ _e\"> </span>caso <span class=\"_ _d\"> </span>in <span class=\"_ _e\"> </span>cui <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>acquisto/vendita <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>co<span class=\"_ _5\"></span>mmo<span class=\"_ _3\"></span>dity <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>engano <span class=\"_ _e\"></span>conclusi <span class=\"_ _e\"> </span>facendo riferimento a valut<span class=\"_ _3\"></span>e diverse dall\u2019euro (dolla<span class=\"_ _3\"></span>ro statunitense).<span class=\"ff1\"> </span>Con riferimento a tali rischi il Gruppo fa ricorso a diversi strumenti, tra cui diverse fattispecie di derivati su commodity (che <span class=\"_ _10\"> </span>possono <span class=\"_ _10\"> </span>anche <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>revedere <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>consegna <span class=\"_ _10\"> </span>fisica), <span class=\"_ _10\"> </span>finalizzati <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>prefissare <span class=\"_ _10\"> </span>gli <span class=\"_ _10\"> </span>effetti <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ui <span class=\"_ _10\"> </span>margini <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>vendita indipendentemente dalle <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>condizioni di <span class=\"_ _5\"></span>mercato. <span class=\"_ _6\"></span><span class=\"fcb\">I<span class=\"_ _3\"></span>l m<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ell<span class=\"_ _3\"></span>o o<span class=\"_ _3\"></span>rg<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>zza<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>vo<span class=\"_ _3\"></span> ado<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>o e<span class=\"_ _3\"></span> i si<span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>emi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ge<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>ona<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>a </span>su<span class=\"_ _3\"></span>pp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>o  c<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>id<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ar<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>la<span class=\"_ _3\"></span>  n<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ra <span class=\"_ _f\"> </span><span class=\"ff5 fc1\">dell\u2019operazione  (copertur<span class=\"_ _3\"></span>a  vs  trading)  e  produrre  il  s<span class=\"_ _3\"></span>et  informativo<span class=\"_ _75\"> </span></span>adeguato a<span class=\"_ _5\"></span> un\u2019identificazione formale d<span class=\"_ _5\"></span>ella finalit\u00e0 d<span class=\"_ _5\"></span>i tali <span class=\"_ _5\"></span>strumenti<span class=\"_ _5\"></span><span class=\"ff1 fcb\">. Ne<span class=\"_ _1\"></span>llo<span class=\"_ _3\"></span> sp<span class=\"_ _1\"></span>eci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>o, d<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> pu<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>o di<span class=\"_ _1\"></span> vi<span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>a op<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>iv<span class=\"_ _3\"></span>o,<span class=\"_ _3\"></span> so<span class=\"_ _1\"></span>no<span class=\"_ _3\"></span> </span>st<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>id<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>if<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>po<span class=\"_ _3\"></span>rt<span class=\"_ _1\"></span>afo<span class=\"_ _1\"></span>gl<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>co<span class=\"_ _1\"></span>mm<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e,<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>do<span class=\"_ _3\"></span>ve<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>ie<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>so<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>osc<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>p<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>ge<span class=\"_ _1\"></span>sti<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _7\"></span>de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>rov<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>gi<span class=\"_ _3\"></span>on<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff1\">di<span class=\"_ _1\"></span> </span>G<span class=\"_ _3\"></span>ru<span class=\"_ _3\"></span>pp<span class=\"_ _1\"></span>o, e<span class=\"_ _1\"></span> un <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>fog<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span>o t<span class=\"_ _1\"></span>rad<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ng<span class=\"_ _1\"></span> do<span class=\"_ _3\"></span>ve<span class=\"_ _1\"></span> son<span class=\"_ _1\"></span>o i<span class=\"_ _3\"></span>nc<span class=\"_ _1\"></span>lus<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>ru<span class=\"_ _3\"></span>me<span class=\"_ _1\"></span>nti<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>t\u00e0 n<span class=\"_ _1\"></span>on p<span class=\"_ _1\"></span>u\u00f2<span class=\"_ _3\"></span> es<span class=\"_ _1\"></span>ser<span class=\"_ _1\"></span>e st<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>e c<span class=\"_ _1\"></span>orr<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>le<span class=\"_ _1\"></span> at<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _3\"></span> di<span class=\"_ _1\"></span> ap<span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>ovv<span class=\"_ _1\"></span>ig<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>nam<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ot<span class=\"_ _1\"></span>tos<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>ti.<span class=\"_ _75\"> </span>Per <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>trattazione <span class=\"_ _7\"></span>esaustiva <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>come<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>analizza, <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>isura, <span class=\"_ _7\"></span>monitora <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>gestisce <span class=\"_ _7\"></span>l\u2019esposizione <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>tali <span class=\"_ _7\"></span>rischi, <span class=\"_ _7\"></span>si rimanda <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>paragrafo <span class=\"_ _f\"> </span>1.02.03 <span class=\"_ _f\"> </span>\u201cAmbiti <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>rischio: <span class=\"_ _f\"> </span>identificazion<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>e  ge<span class=\"_ _3\"></span>stione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>fattori <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>rischio\u201d <span class=\"_ _f\"> </span>all\u2019interno <span class=\"_ _f\"> </span>della relazione sulla gestio<span class=\"_ _3\"></span>ne. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-431": {
   "value": "Rischio di credito Il <span class=\"_ _5\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>credito cu<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>esposto il <span class=\"_ _7\"></span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>deriva <span class=\"_ _5\"></span>dall\u2019ampia <span class=\"_ _5\"></span>articolazione dei <span class=\"_ _5\"></span>portafogli <span class=\"_ _5\"></span>clienti delle <span class=\"_ _5\"></span>principali <span class=\"_ _5\"></span>aree <span class=\"_ _5\"></span>di<span class=\"_ _6\"></span><span class=\"ff1\"> </span>business nelle quali opera; per la stessa ragione, tale rischio<span class=\"_ _3\"></span> risulta ripartito su di un largo numero di clienti. Al fine d<span class=\"_ _6\"></span><span class=\"ls23\">i </span>gestire <span class=\"_ _e\"></span>il <span class=\"_ _e\"> </span>rischio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>credito, <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>efinito <span class=\"_ _6\"></span>procedure <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>elezione, <span class=\"_ _6\"></span>il <span class=\"_ _d\"> </span>monitoraggio <span class=\"_ _6\"></span>e <span class=\"_ _d\"> </span>la <span class=\"_ _e\"></span>valutazione <span class=\"_ _e\"></span>del proprio portafoglio cli<span class=\"_ _3\"></span>enti. Il mercato di ri<span class=\"_ _3\"></span>ferimento \u00e8 principalme<span class=\"_ _3\"></span>nte quello italiano.<span class=\"_ _5\"></span> Il <span class=\"_ _6\"></span>modello <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>credito <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>consente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>maniera <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nalitica <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>differente <span class=\"_ _6\"></span>rischiosit<span class=\"_ _3\"></span>\u00e0 associabile all\u2019esigibilit\u00e0<span class=\"_ _3\"></span> dei crediti sin dal loro sorgere e progressivamente in funzione della loro crescente<span class=\"_ _3\"></span> anzianit\u00e0. Questa operativit\u00e0 <span class=\"_ _5\"></span>consente <span class=\"_ _5\"></span>di ridurre <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>concentrazione e <span class=\"_ _5\"></span>l\u2019esposizione ai <span class=\"_ _5\"></span>rischi d<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>redito, sia <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>segmento clienti business <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>segmento <span class=\"_ _10\"> </span>domestico. <span class=\"_ _4\"> </span>Re<span class=\"_ _5\"></span>lativament<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>crediti <span class=\"_ _10\"> </span>riguarda<span class=\"_ _3\"></span>nti <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>piccoli <span class=\"_ _10\"> </span>clienti <span class=\"_ _4\"> </span>v<span class=\"_ _5\"></span>engono <span class=\"_ _4\"> </span>e<span class=\"_ _5\"></span>ffettuati<span class=\"_ _3\"></span> stanziamenti <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>fondo <span class=\"_ _f\"> </span>svalutazione <span class=\"_ _f\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>analisi <span class=\"_ _f\"> </span>predittive <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>irca <span class=\"_ _f\"> </span>l\u2019amm<span class=\"_ _3\"></span>ontare <span class=\"_ _f\"> </span>dei <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>robabili <span class=\"_ _d\"> </span>futuri <span class=\"_ _f\"> </span>incassi, prendendo <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>considerazione <span class=\"_ _7\"></span>l\u2019anzianit\u00e0<span class=\"_ _75\"> </span> <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>redito, <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>tipo <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>azioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>recupero <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ntraprese <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tatus <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>creditore. Periodicamente, <span class=\"_ _e\"> </span>inoltre, <span class=\"_ _d\"> </span>vengono <span class=\"_ _d\"> </span>effettuate <span class=\"_ _d\"> </span>analisi <span class=\"_ _d\"> </span>sulle <span class=\"_ _d\"> </span>posizioni <span class=\"_ _d\"> </span>creditizie <span class=\"_ _e\"> </span>ancora <span class=\"_ _f\"> </span>aperte <span class=\"_ _e\"> </span>individuando <span class=\"_ _d\"> </span>eventuali criticit\u00e0 e qualora ris<span class=\"_ _3\"></span>ultino parzialmente, o <span class=\"_ _3\"></span>del tutto, inesigibili si p<span class=\"_ _3\"></span>rocede a una congrua sv<span class=\"_ _3\"></span>alutazione.<span class=\"_ _7\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-36": {
   "value": "Il <span class=\"_ _6\"></span>modello <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>credito <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>consente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>maniera <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nalitica <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>differente <span class=\"_ _6\"></span>rischiosit<span class=\"_ _3\"></span>\u00e0 associabile all\u2019esigibilit\u00e0<span class=\"_ _3\"></span> dei crediti sin dal loro sorgere e progressivamente in funzione della loro crescente<span class=\"_ _3\"></span> anzianit\u00e0. Questa operativit\u00e0 <span class=\"_ _5\"></span>consente <span class=\"_ _5\"></span>di ridurre <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>concentrazione e <span class=\"_ _5\"></span>l\u2019esposizione ai <span class=\"_ _5\"></span>rischi d<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>redito, sia <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>segmento clienti business <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>segmento <span class=\"_ _10\"> </span>domestico. <span class=\"_ _4\"> </span>Re<span class=\"_ _5\"></span>lativament<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>crediti <span class=\"_ _10\"> </span>riguarda<span class=\"_ _3\"></span>nti <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>piccoli <span class=\"_ _10\"> </span>clienti <span class=\"_ _4\"> </span>v<span class=\"_ _5\"></span>engono <span class=\"_ _4\"> </span>e<span class=\"_ _5\"></span>ffettuati<span class=\"_ _3\"></span> stanziamenti <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>fondo <span class=\"_ _f\"> </span>svalutazione <span class=\"_ _f\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>analisi <span class=\"_ _f\"> </span>predittive <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>irca <span class=\"_ _f\"> </span>l\u2019amm<span class=\"_ _3\"></span>ontare <span class=\"_ _f\"> </span>dei <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>robabili <span class=\"_ _d\"> </span>futuri <span class=\"_ _f\"> </span>incassi, prendendo <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>considerazione <span class=\"_ _7\"></span>l\u2019anzianit\u00e0<span class=\"_ _75\"> </span>del <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>redito, <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>tipo <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>azioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>recupero <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ntraprese <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tatus <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>creditore. Periodicamente, <span class=\"_ _e\"> </span>inoltre, <span class=\"_ _d\"> </span>vengono <span class=\"_ _d\"> </span>effettuate <span class=\"_ _d\"> </span>analisi <span class=\"_ _d\"> </span>sulle <span class=\"_ _d\"> </span>posizioni <span class=\"_ _d\"> </span>creditizie <span class=\"_ _e\"> </span>ancora <span class=\"_ _f\"> </span>aperte <span class=\"_ _e\"> </span>individuando <span class=\"_ _d\"> </span>eventuali criticit\u00e0 e qualora ris<span class=\"_ _3\"></span>ultino parzialmente, o <span class=\"_ _3\"></span>del tutto, inesigibili si p<span class=\"_ _3\"></span>rocede a una congrua sv<span class=\"_ _3\"></span>alutazione.",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfCreditRiskManagementPracticesAndHowTheyRelateToRecognitionAndMeasurementOfExpectedCreditLossesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-432": {
   "value": "Rischio di liquidit\u00e0 Il <span class=\"_ _5\"></span>rischio d<span class=\"_ _5\"></span>i l<span class=\"_ _5\"></span>iquidit\u00e0 consiste <span class=\"_ _5\"></span>nell\u2019impossibilit\u00e0 di <span class=\"_ _5\"></span>far <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>obbligazioni finanziarie <span class=\"_ _5\"></span>assunte per <span class=\"_ _5\"></span>carenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>risors<span class=\"_ _6\"></span><span class=\"ff1 ls22\">e </span>interne <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>incapacit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>reperire <span class=\"_ _d\"> </span>risorse <span class=\"_ _f\"> </span>esterne <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>osti <span class=\"_ _f\"> </span>sostenibili <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>Gruppo. <span class=\"_ _f\"></span><span class=\"_ _f\"> </span>Il <span class=\"_ _d\"> </span>rischio <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>liquidit\u00e0 <span class=\"_ _d\"> </span>\u00e8  m<span class=\"_ _3\"></span>itigato adottando <span class=\"_ _7\"></span>politiche <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>procedure <span class=\"_ _7\"></span>atte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>ottimizzare <span class=\"_ _7\"></span>l\u2019efficienza <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>risorse <span class=\"_ _7\"></span>finan<span class=\"_ _3\"></span>ziarie <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>manten<span class=\"_ _3\"></span>endo un adeguato equili<span class=\"_ _3\"></span>brio della struttura fina<span class=\"_ _3\"></span>nziaria. Ci\u00f2 si esplica <span class=\"_ _3\"></span>prevalentemente nella g<span class=\"_ _3\"></span>estione centralizzat<span class=\"_ _3\"></span>a dei flussi<span class=\"_ _75\"> </span>in <span class=\"_ _c\"> </span>entrata <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _1d\"> </span>usc<span class=\"_ _5\"></span>ita <span class=\"_ _1d\"> </span>(tesoreria <span class=\"_ _c\"> </span>centralizzata), <span class=\"_ _1d\"> </span>nella <span class=\"_ _c\"> </span>valutazione <span class=\"_ _1d\"> </span>prospettica <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>condizioni <span class=\"_ _1d\"> </span>di <span class=\"_ _c\"> </span>liquidit\u00e0, nell\u2019ottenimento di a<span class=\"_ _3\"></span>deguate linee di credito, <span class=\"_ _3\"></span>nonch\u00e9 preservand<span class=\"_ _3\"></span>o un adeguato ammontare <span class=\"_ _3\"></span>di liquidit\u00e0. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>La <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>ianificazio<span class=\"_ _3\"></span>ne <span class=\"_ _f\"> </span>finanziari<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ei <span class=\"_ _d\"> </span>fabbisogni <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>gestione <span class=\"_ _e\"> </span>orientata <span class=\"_ _f\"> </span>sulla <span class=\"_ _d\"> </span>disponibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>linee <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>inanziame<span class=\"_ _3\"></span>nto <span class=\"_ _f\"> </span>a medio-<span class=\"ff5\">lungo termine perm<span class=\"_ _3\"></span>ette un\u2019efficace gestio<span class=\"_ _3\"></span>ne del rischio di liquidit<span class=\"_ _3\"></span>\u00e0.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-39": {
   "value": "<span class=\"_ _f\"> </span>Il <span class=\"_ _d\"> </span>rischio <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>liquidit\u00e0 <span class=\"_ _d\"> </span>\u00e8  m<span class=\"_ _3\"></span>itigato adottando <span class=\"_ _7\"></span>politiche <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>procedure <span class=\"_ _7\"></span>atte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>ottimizzare <span class=\"_ _7\"></span>l\u2019efficienza <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>risorse <span class=\"_ _7\"></span>finan<span class=\"_ _3\"></span>ziarie <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>manten<span class=\"_ _3\"></span>endo un adeguato equili<span class=\"_ _3\"></span>brio della struttura fina<span class=\"_ _3\"></span>nziaria. Ci\u00f2 si esplica <span class=\"_ _3\"></span>prevalentemente nella g<span class=\"_ _3\"></span>estione centralizzat<span class=\"_ _3\"></span>a dei flussi<span class=\"_ _75\"> </span>in <span class=\"_ _c\"> </span>entrata <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _1d\"> </span>usc<span class=\"_ _5\"></span>ita <span class=\"_ _1d\"> </span>(tesoreria <span class=\"_ _c\"> </span>centralizzata), <span class=\"_ _1d\"> </span>nella <span class=\"_ _c\"> </span>valutazione <span class=\"_ _1d\"> </span>prospettica <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>condizioni <span class=\"_ _1d\"> </span>di <span class=\"_ _c\"> </span>liquidit\u00e0, nell\u2019ottenimento di a<span class=\"_ _3\"></span>deguate linee di credito, <span class=\"_ _3\"></span>nonch\u00e9 preservand<span class=\"_ _3\"></span>o un adeguato ammontare <span class=\"_ _3\"></span>di liquidit\u00e0. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>La <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>ianificazio<span class=\"_ _3\"></span>ne <span class=\"_ _f\"> </span>finanziari<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ei <span class=\"_ _d\"> </span>fabbisogni <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>gestione <span class=\"_ _e\"> </span>orientata <span class=\"_ _f\"> </span>sulla <span class=\"_ _d\"> </span>disponibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>linee <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>inanziame<span class=\"_ _3\"></span>nto <span class=\"_ _f\"> </span>a medio-<span class=\"ff5\">lungo termine perm<span class=\"_ _3\"></span>ette un\u2019efficace gestio<span class=\"_ _3\"></span>ne del rischio di liquidit<span class=\"_ _3\"></span>\u00e0.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfManagingLiquidityRisk",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-40": {
   "value": "In <span class=\"_ _7\"></span>relazione <span class=\"_ _5\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>grossista, <span class=\"_ _5\"></span>svolta <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>controllata <span class=\"_ _5\"></span>Hera <span class=\"_ _5\"></span>Trading <span class=\"_ _7\"></span>Srl, <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>trova <span class=\"_ _7\"></span>a <span class=\"_ _5\"></span>dover <span class=\"_ _7\"></span>gestire <span class=\"_ _5\"></span>rischi legati al d<span class=\"_ _5\"></span>isallineam<span class=\"_ _3\"></span>ento tra <span class=\"_ _5\"></span>le formule di <span class=\"_ _5\"></span>indicizzazione relative all\u2019acquisto di gas ed<span class=\"_ _5\"></span> energia elettrica e le <span class=\"_ _5\"></span>formule di indicizzazione <span class=\"_ _7\"></span>legate <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>medesime <span class=\"_ _7\"></span>commodity <span class=\"_ _7\"></span>(ivi <span class=\"_ _6\"></span>inclusi <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>contratti <span class=\"_ _7\"></span>stipulati <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>prezzo <span class=\"_ _7\"></span>fisso)<span class=\"_ _75\"> </span>Con riferimento a tali rischi il Gruppo fa ricorso a diversi strumenti, tra cui diverse fattispecie di derivati su commodity (che <span class=\"_ _10\"> </span>possono <span class=\"_ _10\"> </span>anche <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>revedere <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>consegna <span class=\"_ _10\"> </span>fisica), <span class=\"_ _10\"> </span>finalizzati <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>prefissare <span class=\"_ _10\"> </span>gli <span class=\"_ _10\"> </span>effetti <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ui <span class=\"_ _10\"> </span>margini <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>vendita indipendentemente dalle <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>condizioni di <span class=\"_ _5\"></span>mercato. <span class=\"_ _6\"></span><span class=\"fcb\">I<span class=\"_ _3\"></span>l m<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ell<span class=\"_ _3\"></span>o o<span class=\"_ _3\"></span>rg<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>zza<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>vo<span class=\"_ _3\"></span> ado<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>o e<span class=\"_ _3\"></span> i si<span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>emi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ge<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>ona<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>a </span>su<span class=\"_ _3\"></span>pp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>o  c<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>  d<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>id<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ar<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>la<span class=\"_ _3\"></span>  n<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ra <span class=\"_ _f\"> </span><span class=\"ff5 fc1\">dell\u2019operazione  (copertur<span class=\"_ _3\"></span>a  vs  trading)  e  produrre  il  s<span class=\"_ _3\"></span>et  informativo<span class=\"_ _75\"> </span></span><span class=\"ff5 fc1\"><span class=\"_ _3\"></span> </span>adeguato a<span class=\"_ _5\"></span> un\u2019identificazione formale d<span class=\"_ _5\"></span>ella finalit\u00e0 d<span class=\"_ _5\"></span>i tali <span class=\"_ _5\"></span>strumenti<span class=\"_ _5\"></span><span class=\"ff1 fcb\">. Ne<span class=\"_ _1\"></span>llo<span class=\"_ _3\"></span> sp<span class=\"_ _1\"></span>eci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>o, d<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>un<span class=\"_ _3\"></span> pu<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>o di<span class=\"_ _1\"></span> vi<span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>a op<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>iv<span class=\"_ _3\"></span>o,<span class=\"_ _3\"></span> so<span class=\"_ _1\"></span>no<span class=\"_ _3\"></span> </span>st<span class=\"_ _1\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>id<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>if<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>po<span class=\"_ _3\"></span>rt<span class=\"_ _1\"></span>afo<span class=\"_ _1\"></span>gl<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>co<span class=\"_ _1\"></span>mm<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e,<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>do<span class=\"_ _3\"></span>ve<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>ie<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>so<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>osc<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>p<span class=\"_ _3\"></span>er<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>ge<span class=\"_ _1\"></span>sti<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _7\"></span>de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>rov<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>gi<span class=\"_ _3\"></span>on<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff1\">di<span class=\"_ _1\"></span> </span>G<span class=\"_ _3\"></span>ru<span class=\"_ _3\"></span>pp<span class=\"_ _1\"></span>o, e<span class=\"_ _1\"></span> un <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>fog<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span>o t<span class=\"_ _1\"></span>rad<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ng<span class=\"_ _1\"></span> do<span class=\"_ _3\"></span>ve<span class=\"_ _1\"></span> son<span class=\"_ _1\"></span>o i<span class=\"_ _3\"></span>nc<span class=\"_ _1\"></span>lus<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>ru<span class=\"_ _3\"></span>me<span class=\"_ _1\"></span>nti<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cu<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>t\u00e0 n<span class=\"_ _1\"></span>on p<span class=\"_ _1\"></span>u\u00f2<span class=\"_ _3\"></span> es<span class=\"_ _1\"></span>ser<span class=\"_ _1\"></span>e st<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>e c<span class=\"_ _1\"></span>orr<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>le<span class=\"_ _1\"></span> at<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _3\"></span> di<span class=\"_ _1\"></span> ap<span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>ovv<span class=\"_ _1\"></span>ig<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>nam<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>ot<span class=\"_ _1\"></span>tos<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>ti.<span class=\"_ _75\"> </span><span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-433": {
   "value": "Stime e valut<span class=\"_ _3\"></span>azioni signi<span class=\"_ _3\"></span>ficative La <span class=\"_ _7\"></span><span class=\"ff5 ls0\">predisposizione <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>bilancio <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onsolidato <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>relative <span class=\"_ _6\"></span>note <span class=\"_ _7\"></span>richiede <span class=\"_ _6\"></span>l\u2019uso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>stime <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>valutazioni <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _7\"></span>degli </span>amministratori, <span class=\"_ _2\"> </span>con <span class=\"_ _1d\"> </span>effett<span class=\"_ _3\"></span>o <span class=\"_ _1d\"> </span>sui<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>valori <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>b<span class=\"_ _5\"></span>ilancio, <span class=\"_ _2\"> </span>basate <span class=\"_ _1d\"> </span>su <span class=\"_ _2\"> </span>dati <span class=\"_ _2\"> </span>s<span class=\"_ _5\"></span>torici <span class=\"_ _2\"> </span>e <span class=\"_ _2\"> </span>s<span class=\"_ _5\"></span>ulle <span class=\"_ _2\"> </span>aspettative<span class=\"_ _7\"></span> <span class=\"_ _1d\"> </span>di <span class=\"_ _2\"> </span>eventi <span class=\"_ _2\"> </span>c<span class=\"_ _5\"></span>he ragionevolmente <span class=\"_ _6\"></span>si <span class=\"_ _e\"> </span>verificheranno <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>informazioni <span class=\"_ _6\"></span>conosciute. <span class=\"_ _e\"> </span>Tali <span class=\"_ _e\"></span>stime, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>definizione, <span class=\"_ _e\"></span>approssimano<span class=\"_ _3\"></span> quelli  che <span class=\"_ _4\"> </span>saranno <span class=\"_ _4\"> </span>i <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ati  a <span class=\"_ _4\"> </span>consuntivo. <span class=\"_ _4\"> </span>Sono <span class=\"_ _4\"> </span>pertanto  di<span class=\"_ _5\"></span>  seguito <span class=\"_ _4\"> </span>indicate <span class=\"_ _4\"> </span>le  p<span class=\"_ _5\"></span>rincipali  aree <span class=\"_ _4\"> </span>caratterizzate  da valutazioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"> </span>assunzioni, <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>pot<span class=\"_ _5\"></span>rebbero <span class=\"_ _6\"></span>comportare <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>nei <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>delle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>entro <span class=\"_ _6\"> </span>l\u2019esercizio successivo. Rilevazione dei ricavi I <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>icavi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>vendita <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>energia <span class=\"_ _5\"></span>elettrica, <span class=\"_ _5\"></span>gas<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>qua <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>riconosciuti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>contabilizzati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>momento <span class=\"_ _7\"></span>dell\u2019erogazion<span class=\"_ _3\"></span>e solo s<span class=\"_ _5\"></span>e si <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>ritenuto probabile che <span class=\"_ _5\"></span>verr\u00e0 <span class=\"_ _5\"></span>incassato il <span class=\"_ _5\"></span>corrispettivo. Essi <span class=\"_ _5\"></span>comprendono lo <span class=\"_ _5\"></span>stanziamento per <span class=\"_ _5\"></span>le forniture effettuate, <span class=\"_ _4\"> </span>intervenute  tra <span class=\"_ _4\"> </span>la <span class=\"_ _10\"> </span>data  dell\u2019ultima <span class=\"_ _4\"> </span>lettura  e <span class=\"_ _10\"> </span>il  termine <span class=\"_ _4\"> </span>dell\u2019esercizio, <span class=\"_ _4\"> </span>ma <span class=\"_ _4\"> </span>non <span class=\"_ _4\"> </span>ancora <span class=\"_ _10\"> </span>fattu<span class=\"_ _3\"></span>rate. <span class=\"_ _4\"> </span>Tale stanziamento <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>basa <span class=\"_ _e\"> </span>su <span class=\"_ _e\"> </span>stime <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>onsumo <span class=\"_ _e\"></span>giornaliero <span class=\"_ _6\"></span>del <span class=\"_ _d\"> </span>cliente, <span class=\"_ _e\"></span>fondate <span class=\"_ _e\"></span>sul <span class=\"_ _e\"></span>suo <span class=\"_ _e\"> </span>profilo <span class=\"_ _e\"> </span>storico, <span class=\"_ _e\"> </span>rettificato <span class=\"_ _e\"> </span>per riflettere le condizi<span class=\"_ _3\"></span>oni atmosferiche o altri f<span class=\"_ _3\"></span>attori che possono infl<span class=\"_ _3\"></span>uire sui consumi oggetto di<span class=\"_ _3\"></span> stima. <span class=\"_ _5\"></span> Accantonamenti a fon<span class=\"_ _3\"></span>do svalutazione crediti Tali <span class=\"_ _e\"></span>accantonamenti <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"> </span>effettuati <span class=\"_ _e\"> </span>adottando <span class=\"_ _e\"></span>le <span class=\"_ _e\"> </span>medesime <span class=\"_ _e\"></span>procedure <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>precedenti <span class=\"_ _e\"></span>esercizi<span class=\"ls16\">. <span class=\"_ _d\"> </span></span>Per <span class=\"_ _e\"></span>maggiori dettagli sulle modalit<span class=\"_ _3\"></span>\u00e0 di valutazione dei cr<span class=\"_ _3\"></span>editi si rimanda alla se<span class=\"_ _3\"></span>zione Gestione dei rischi<span class=\"_ _3\"></span> precedentemente espo<span class=\"_ _3\"></span>sta.<span class=\"_ _7\"></span> Accantonamenti a fond<span class=\"_ _3\"></span>i Tali <span class=\"_ _10\"> </span>accantonamenti <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _10\"> </span>effettuati <span class=\"_ _10\"> </span>adottando <span class=\"_ _4\"> </span>le<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>medesime <span class=\"_ _10\"> </span>procedure <span class=\"_ _10\"> </span>dei <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>recedenti <span class=\"_ _10\"> </span>esercizi, <span class=\"_ _10\"> </span>facendo<span class=\"_ _3\"></span> riferimento <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>comunicazioni <span class=\"_ _5\"></span>aggiornate <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>legali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>consulenti <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>seguono <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>vertenze, <span class=\"_ _5\"></span>nonch\u00e9 <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>degli sviluppi p<span class=\"_ _5\"></span>rocedurali delle <span class=\"_ _5\"></span>stesse <span class=\"_ _5\"></span>oltre <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>aggiornamenti delle <span class=\"_ _5\"></span>ipotesi <span class=\"_ _5\"></span>sugli <span class=\"_ _5\"></span>esborsi <span class=\"_ _5\"></span>futuri <span class=\"_ _5\"></span>da s<span class=\"_ _5\"></span>ostenersi per <span class=\"_ _5\"></span>oneri post-mortem delle discar<span class=\"_ _3\"></span>iche, a seguito della r<span class=\"_ _3\"></span>evisione di perizie di<span class=\"_ _3\"></span> stima effettuate anche da <span class=\"_ _3\"></span>consulenti estern<span class=\"_ _3\"></span>i.<span class=\"_ _7\"></span> Ammortamenti Gli <span class=\"_ _5\"></span>ammortamenti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>calcolati in<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>base a<span class=\"_ _5\"></span>lla vi<span class=\"_ _5\"></span>ta ut<span class=\"_ _5\"></span>ile d<span class=\"_ _5\"></span>el bene. <span class=\"_ _5\"></span>La<span class=\"_ _5\"></span> v<span class=\"_ _5\"></span>ita u<span class=\"_ _5\"></span>tile \u00e8 <span class=\"_ _6\"></span>determinata <span class=\"_ _5\"></span>dalla d<span class=\"_ _5\"></span>irezione aziendale al momento dell\u2019iscrizione del bene nel bilancio; le valutazioni circa la durata della vita utile si basano sull\u2019esperienza<span class=\"_ _3\"></span> storica, <span class=\"_ _5\"></span>sulle <span class=\"_ _7\"></span>condizioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>mercato <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>sulle <span class=\"_ _7\"></span>aspettative <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>eventi <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>uturi <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>potrebbero <span class=\"_ _7\"></span>incidere <span class=\"_ _5\"></span>sulla <span class=\"_ _7\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tile <span class=\"_ _5\"></span>stessa, compresi <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>cambiamenti <span class=\"_ _6\"></span>tecno<span class=\"_ _3\"></span>logici. <span class=\"_ _6\"></span>Di <span class=\"_ _6\"></span>conseguenza <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>possibil<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>utile <span class=\"_ _6\"></span>effettiva <span class=\"_ _6\"></span>possa <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ifferire <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>ita utile stimata.<span class=\"_ _75\"> </span>Impairment test  Il Gruppo effettua almeno una volta all<span class=\"_ _5\"></span>\u2019anno l\u2019analisi del valore recuperabile <span class=\"_ _5\"></span><span class=\"ff1\">degli asset <span class=\"_ _5\"></span>(incluso </span>l\u2019avviamento<span class=\"ff1\">) e delle </span>partecipazioni <span class=\"_ _d\"> </span>(non <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>controllo) <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>detengono <span class=\"_ _d\"> </span>asset <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>generazion<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>energia <span class=\"_ _d\"> </span>termo<span class=\"_ _7\"></span>-elettrica <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>il tramite <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>impairment <span class=\"_ _f\"> </span>test. <span class=\"_ _f\"> </span>Tale <span class=\"_ _f\"> </span>test <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>basa <span class=\"_ _f\"> </span>su <span class=\"_ _f\"> </span>calcoli  <span class=\"ff5\">del  s<span class=\"_ _3\"></span>uo <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>in  u<span class=\"_ _3\"></span>so <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>richiedono <span class=\"_ _f\"> </span>l\u2019utilizzo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>stime </span>dettagliate nelle note 25 e 27 di <span class=\"_ _3\"></span>commento agli schemi<span class=\"_ _3\"></span> di bilancio.<span class=\"_ _75\"> </span>Attivit\u00e0 per imposte differite La contabilizzazione delle attivit\u00e0 per imposte differite<span class=\"_ _5\"></span> \u00e8 effettuata sulla base delle aspettative di un imponibile fiscale negli <span class=\"_ _f\"> </span>esercizi <span class=\"_ _f\"> </span>futuri. <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>valutazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>degli <span class=\"_ _f\"> </span>imponibili <span class=\"_ _f\"> </span>attesi <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>fini <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>contabilizzazione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span>anticipate dipende <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>fattori <span class=\"_ _6\"></span>ch<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>possono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>variare <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>tempo <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>determinar<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>effetti <span class=\"_ _7\"></span>significativi <span class=\"_ _6\"></span>sull<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>recup<span class=\"_ _3\"></span>erabilit\u00e0 <span class=\"_ _6\"></span>de<span class=\"_ _7\"></span>lle <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 per imposte differite. Determinazione del fai<span class=\"_ _3\"></span>r value e processo di v<span class=\"_ _3\"></span>alutazione Il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>finanziari, <span class=\"_ _6\"></span>sia <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _6\"></span>tassi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>tassi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cambio, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>desu<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>quotazioni <span class=\"_ _6\"></span>di mercato. In <span class=\"_ _5\"></span>assenza di <span class=\"_ _5\"></span>prezzi <span class=\"_ _5\"></span>quotati in <span class=\"_ _5\"></span>mercati attivi si <span class=\"_ _5\"></span>utilizza <span class=\"_ _5\"></span>il metodo <span class=\"_ _5\"></span>dell\u2019attualizzazi<span class=\"_ _3\"></span>one dei <span class=\"_ _5\"></span>flussi d<span class=\"_ _5\"></span>i cassa <span class=\"_ _5\"></span>futuri<span class=\"_ _7\"></span><span class=\"ff1\"> </span>prendendo <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>riferime<span class=\"_ _3\"></span>nto <span class=\"_ _7\"></span>parametri <span class=\"_ _7\"></span>osservabili <span class=\"_ _7\"></span>sul <span class=\"_ _6\"></span>mercato. <span class=\"_ _7\"></span>I <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>air <span class=\"_ _7\"></span>value <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>su <span class=\"_ _6\"></span>commodit<span class=\"_ _3\"></span>y <span class=\"_ _6\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>determi<span class=\"_ _3\"></span>nati utilizzando <span class=\"_ _6\"></span>input <span class=\"_ _6\"></span>direttamente <span class=\"_ _6\"></span>osservabili <span class=\"_ _e\"></span>sul <span class=\"_ _6\"></span>mercato <span class=\"_ _6\"></span>laddove <span class=\"_ _6\"></span>disponibili. <span class=\"_ _6\"></span>La <span class=\"_ _e\"></span>metodologia <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>calcolo <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>fair <span class=\"_ _6\"></span>value degli strumenti in <span class=\"_ _5\"></span>oggetto include<span class=\"_ _75\"> </span> la v<span class=\"_ _5\"></span>alutazione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>del non<span class=\"_ _5\"></span>-performance risk <span class=\"_ _5\"></span>se ritenuta rilevante. <span class=\"_ _5\"></span>Tutti i con<span class=\"_ _5\"></span>tatti derivati stipulati dal Gruppo <span class=\"_ _3\"></span>sono in essere con <span class=\"_ _3\"></span>primarie controparti istit<span class=\"_ _3\"></span>uzionali.<span class=\"_ _75\"> </span><span class=\"_ _5\"></span> Gerarchia del fair value Gli <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>valutati <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>classificati <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>gerarchia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>re <span class=\"_ _5\"></span>livelli <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>modalit\u00e0 d<span class=\"_ _6\"></span><span class=\"ls23\">i </span>determinazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>st<span class=\"_ _3\"></span>esso, <span class=\"_ _6\"></span>ovvero <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fatt<span class=\"_ _3\"></span>ori <span class=\"_ _6\"></span>utilizzati <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>determinazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>del valore: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">li<span class=\"_ _1\"></span>vel<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span> 1<span class=\"_ _3\"></span>,<span class=\"ff1\"> strume<span class=\"_ _3\"></span>nti finanziari il cui fair v<span class=\"_ _3\"></span>alue \u00e8 determinato sull<span class=\"_ _3\"></span>a base di un prezzo q<span class=\"_ _3\"></span>uotato in un mercato atti<span class=\"_ _3\"></span>vo;<span class=\"_ _7\"></span> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">li<span class=\"_ _1\"></span>vel<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>2,<span class=\"ff1\"> <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>cui <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>determinato <span class=\"_ _d\"> </span>mediante <span class=\"_ _d\"> </span>tecniche <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>valutazione <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>utilizzano<span class=\"_ _3\"></span> </span></span></span>parametri <span class=\"_ _4\"> </span>osservabili <span class=\"_ _4\"> </span>direttamente <span class=\"_ _4\"> </span>o <span class=\"_ _10\"> </span>indirettam<span class=\"_ _3\"></span>ente <span class=\"_ _4\"> </span>sul <span class=\"_ _10\"> </span>mercato. <span class=\"_ _4\"> </span>Sono <span class=\"_ _4\"> </span>classificati <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>quest<span class=\"_ _3\"></span>a <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>ategoria <span class=\"_ _4\"> </span>gli strumenti valutati sul<span class=\"_ _3\"></span>la base di curve forward<span class=\"_ _3\"></span> di mercato e i contratti d<span class=\"_ _3\"></span>ifferenziali a breve termi<span class=\"_ _3\"></span>ne;<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">li<span class=\"_ _1\"></span>vel<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span>  3,<span class=\"_ _3\"></span><span class=\"ff1\">  strumenti  finanziari  il  cui  fair  value  \u00e8  de<span class=\"_ _5\"></span>terminato<span class=\"_ _3\"></span>  con  tecniche  di  va<span class=\"_ _5\"></span>lutazion<span class=\"_ _3\"></span>e  che  prendono  a </span></span></span>riferimento param<span class=\"_ _3\"></span>etri non osservabili sul mer<span class=\"_ _3\"></span>cato, ovvero facendo <span class=\"_ _3\"></span>esclusivamente ricorso a s<span class=\"_ _3\"></span>time interne.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-41": {
   "value": "Determinazione del fai<span class=\"_ _3\"></span>r value e processo di v<span class=\"_ _3\"></span>alutazione Il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>finanziari, <span class=\"_ _6\"></span>sia <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>u <span class=\"_ _6\"></span>tassi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>tassi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cambio, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>desu<span class=\"_ _3\"></span>nto <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>quotazioni <span class=\"_ _6\"></span>di mercato. In <span class=\"_ _5\"></span>assenza di <span class=\"_ _5\"></span>prezzi <span class=\"_ _5\"></span>quotati in <span class=\"_ _5\"></span>mercati attivi si <span class=\"_ _5\"></span>utilizza <span class=\"_ _5\"></span>il metodo <span class=\"_ _5\"></span>dell\u2019attualizzazi<span class=\"_ _3\"></span>one dei <span class=\"_ _5\"></span>flussi d<span class=\"_ _5\"></span>i cassa <span class=\"_ _5\"></span>futuri<span class=\"_ _7\"></span><span class=\"ff1\"> </span>prendendo <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>riferime<span class=\"_ _3\"></span>nto <span class=\"_ _7\"></span>parametri <span class=\"_ _7\"></span>osservabili <span class=\"_ _7\"></span>sul <span class=\"_ _6\"></span>mercato. <span class=\"_ _7\"></span>I <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>air <span class=\"_ _7\"></span>value <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>su <span class=\"_ _6\"></span>commodit<span class=\"_ _3\"></span>y <span class=\"_ _6\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>determi<span class=\"_ _3\"></span>nati utilizzando <span class=\"_ _6\"></span>input <span class=\"_ _6\"></span>direttamente <span class=\"_ _6\"></span>osservabili <span class=\"_ _e\"></span>sul <span class=\"_ _6\"></span>mercato <span class=\"_ _6\"></span>laddove <span class=\"_ _6\"></span>disponibili. <span class=\"_ _6\"></span>La <span class=\"_ _e\"></span>metodologia <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>calcolo <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>fair <span class=\"_ _6\"></span>value degli strumenti in <span class=\"_ _5\"></span>oggetto include<span class=\"_ _75\"> </span>la v<span class=\"_ _5\"></span>alutazione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>del non<span class=\"_ _5\"></span>-performance risk <span class=\"_ _5\"></span>se ritenuta rilevante. <span class=\"_ _5\"></span>Tutti i con<span class=\"_ _5\"></span>tatti derivati stipulati dal Gruppo <span class=\"_ _3\"></span>sono in essere con <span class=\"_ _3\"></span>primarie controparti istit<span class=\"_ _3\"></span>uzionali.<span class=\"_ _75\"> </span>Gerarchia del fair value Gli <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>valutati <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>classificati <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>gerarchia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>re <span class=\"_ _5\"></span>livelli <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>modalit\u00e0 d<span class=\"_ _6\"></span><span class=\"ls23\">i </span>determinazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>st<span class=\"_ _3\"></span>esso, <span class=\"_ _6\"></span>ovvero <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fatt<span class=\"_ _3\"></span>ori <span class=\"_ _6\"></span>utilizzati <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>determinazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>del valore: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">li<span class=\"_ _1\"></span>vel<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span> 1<span class=\"_ _3\"></span>,<span class=\"ff1\"> strume<span class=\"_ _3\"></span>nti finanziari il cui fair v<span class=\"_ _3\"></span>alue \u00e8 determinato sull<span class=\"_ _3\"></span>a base di un prezzo q<span class=\"_ _3\"></span>uotato in un mercato atti<span class=\"_ _3\"></span>vo;<span class=\"_ _7\"></span> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">li<span class=\"_ _1\"></span>vel<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>2,<span class=\"ff1\"> <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>cui <span class=\"_ _d\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>determinato <span class=\"_ _d\"> </span>mediante <span class=\"_ _d\"> </span>tecniche <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>valutazione <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>utilizzano<span class=\"_ _3\"></span> </span></span></span>parametri <span class=\"_ _4\"> </span>osservabili <span class=\"_ _4\"> </span>direttamente <span class=\"_ _4\"> </span>o <span class=\"_ _10\"> </span>indirettam<span class=\"_ _3\"></span>ente <span class=\"_ _4\"> </span>sul <span class=\"_ _10\"> </span>mercato. <span class=\"_ _4\"> </span>Sono <span class=\"_ _4\"> </span>classificati <span class=\"_ _10\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>quest<span class=\"_ _3\"></span>a <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>ategoria <span class=\"_ _4\"> </span>gli strumenti valutati sul<span class=\"_ _3\"></span>la base di curve forward<span class=\"_ _3\"></span> di mercato e i contratti d<span class=\"_ _3\"></span>ifferenziali a breve termi<span class=\"_ _3\"></span>ne;<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">li<span class=\"_ _1\"></span>vel<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span>  3,<span class=\"_ _3\"></span><span class=\"ff1\">  strumenti  finanziari  il  cui  fair  value  \u00e8  de<span class=\"_ _5\"></span>terminato<span class=\"_ _3\"></span>  con  tecniche  di  va<span class=\"_ _5\"></span>lutazion<span class=\"_ _3\"></span>e  che  prendono  a </span></span></span>riferimento param<span class=\"_ _3\"></span>etri non osservabili sul mer<span class=\"_ _3\"></span>cato, ovvero facendo <span class=\"_ _3\"></span>esclusivamente ricorso a s<span class=\"_ _3\"></span>time interne.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "Di seguito s<span class=\"lse\">ono</span> riporta<span class=\"ls16\">ti</span> <span class=\"ff5\">i risultati econ<span class=\"_ _3\"></span>omici dell\u2019esercizio confro<span class=\"_ _3\"></span>ntati con l\u2019esercizi<span class=\"_ _3\"></span>o precedente.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>NOTE 2024 2023 Ricavi 1 12.889,7 15.331,1 Altri proventi 2 154,7 234,0 Materie prime e materi<span class=\"_ _3\"></span>ali 3 (7.056,4) (9.672,2) Costi per servizi 4 (3.724,9) (3.655,9) Costi del person<span class=\"_ _3\"></span>ale 5 (667,5) (641,1) Altre spese operati<span class=\"_ _3\"></span>ve 6 (97,3) (90,3) Costi capitalizzati<span class=\"_ _3\"></span> 7 89,3 82,1 Margine operativ<span class=\"_ _3\"></span>o lordo 1.587,6 1.587,7 Ammortamenti a<span class=\"_ _3\"></span>ccantonamenti e svaluta<span class=\"_ _3\"></span>zioni 8 (757,7) (753,7) Utile operativo 829,9 834,0 Proventi finanziari 9 202,5 157,1 Oneri finanziari 10<span class=\"ls0\"> </span>(308,5) (345,0) Gestione finanziaria (106,0) (187,9) Quota di utili (<span class=\"_ _3\"></span>perdite) di joint venture e s<span class=\"_ _3\"></span>ociet\u00e0 collegate 11<span class=\"ls0\"> </span>12,3 10,3 Utile prima dell<span class=\"_ _3\"></span>e imposte 736,2 656,4 La <span class=\"_ _e\"></span>ripartizione <span class=\"_ _6\"></span>delle <span class=\"_ _e\"></span>voci <span class=\"_ _e\"></span>economiche <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _e\"> </span>rilevanti <span class=\"_ _d\"> </span>per <span class=\"_ _e\"></span>settore <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>riportata <span class=\"_ _e\"> </span><span class=\"ff5\">nella <span class=\"_ _e\"> </span>sezione <span class=\"_ _e\"> </span>\u201c</span>Informativa <span class=\"_ _6\"></span>per settori operativi<span class=\"ff5\">\u201d all\u2019interno </span>del <span class=\"ff5\">p<span class=\"_ _3\"></span>aragrafo 2.02.10 \u201cAltre info<span class=\"_ _3\"></span>rmazioni\u201d.<span class=\"ff1\"> </span></span>I <span class=\"_ _4\"> </span>ricavi <span class=\"_ _4\"> </span>e <span class=\"_ _4\"> </span>costi <span class=\"_ _4\"> </span>operativi <span class=\"_ _4\"> </span>manifestano <span class=\"_ _4\"> </span>un <span class=\"_ _10\"> </span>decremento  <span class=\"ff5\">nel <span class=\"_ _4\"> </span>corso <span class=\"_ _4\"> </span>de<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio, <span class=\"_ _4\"> </span>principalmente  p<span class=\"_ _5\"></span>er  effetto <span class=\"_ _4\"> </span>della </span>diminuzione  dei  prezzi  me<span class=\"_ _3\"></span>di  delle  commodity  energe<span class=\"_ _3\"></span>tiche<span class=\"_ _5\"></span>  rispetto  ai  valori  raggiunti  negli  esercizi  precedent<span class=\"ls23\">i,<span class=\"_ _75\"> </span></span>parzialmente <span class=\"_ _e\"> </span>compensato <span class=\"_ _d\"> </span>dai <span class=\"_ _d\"> </span>maggiori <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>olumi <span class=\"_ _e\"></span>commercializzati <span class=\"_ _d\"> </span>nel <span class=\"_ _d\"> </span>business <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>lla <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>energia <span class=\"_ _d\"> </span>elettrica. <span class=\"_ _e\"> </span>I<span class=\"_ _5\"></span>l margine <span class=\"_ _f\"> </span>operativo <span class=\"_ _f\"> </span>lordo <span class=\"_ _d\"> </span>\u00e8  un <span class=\"_ _d\"> </span>indicatore <span class=\"_ _f\"> </span>alternativo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>performance <span class=\"_ _f\"> </span>monitorato <span class=\"_ _d\"> </span>dal  G<span class=\"_ _3\"></span>ruppo, <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>cui <span class=\"_ _f\"> </span>definizione <span class=\"_ _f\"> </span>\u00e8 riportata <span class=\"_ _d\"> </span>nella <span class=\"_ _f\"> </span><span class=\"ff5\">sezione <span class=\"_ _d\"> </span>1<span class=\"_ _5\"></span>.04 <span class=\"_ _d\"> </span>\u201c<span class=\"_ _5\"></span>Sintesi <span class=\"_ _d\"> </span>andamento <span class=\"_ _d\"> </span>economico<span class=\"_ _5\"></span></span>-finanziario <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>definizione <span class=\"_ _d\"> </span>degli <span class=\"_ _f\"> </span>indicatori <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lternativi <span class=\"_ _d\"> </span>di performance\u201d. Il <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>sultato op<span class=\"_ _5\"></span><span class=\"ff1\">erativo <span class=\"_ _5\"></span>lordo, <span class=\"_ _5\"></span>positivo per <span class=\"_ _7\"></span><span class=\"ls10\">1.</span>587,6 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span><span class=\"ls10\">\u00e8 </span>del <span class=\"_ _7\"></span>tutto <span class=\"_ _5\"></span>allineato <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>allo <span class=\"_ _5\"></span>scorso </span>esercizio. <span class=\"_ _7\"></span>Si <span class=\"_ _5\"></span>evidenziano, <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare, <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>performance <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ositive <span class=\"_ _5\"></span><span class=\"lse\">de<span class=\"_ _5\"></span></span>i <span class=\"_ _7\"></span>business <span class=\"_ _7\"></span>gestiti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>rete <span class=\"_ _6\"></span>gr<span class=\"_ _3\"></span>azie <span class=\"_ _5\"></span>agli <span class=\"_ _7\"></span>adeguamenti tariffari  previsti  d<span class=\"_ _3\"></span>alle  delibere <span class=\"_ _f\"> </span>Arera<span class=\"_ _5\"></span>,  che <span class=\"_ _f\"> </span>permettono  di  compensar<span class=\"_ _3\"></span>e  le  min<span class=\"_ _3\"></span>ori  performance<span class=\"_ _3\"></span> <span class=\"_ _4\"> </span>di  alcuni  servizi  a mercato, <span class=\"_ _7\"></span>dovute <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span><span class=\"ff5\">alla <span class=\"_ _7\"></span>riduzione <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>incentivi <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019<span class=\"_ _5\"></span></span>efficientamento <span class=\"_ _5\"></span>energetico <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>edifici <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>inori risultati <span class=\"_ _10\"> </span>reali<span class=\"_ _3\"></span>zzati <span class=\"_ _10\"> </span>sui <span class=\"_ _10\"> </span>merc<span class=\"_ _3\"></span>ati <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>intermediazione <span class=\"_ _10\"> </span>delle <span class=\"_ _4\"> </span>commodity<span class=\"_ _5\"></span>. <span class=\"_ _10\"> </span>Si <span class=\"_ _10\"> </span>rileva, <span class=\"_ _10\"> </span>in  o<span class=\"_ _5\"></span>gni <span class=\"_ _4\"> </span>caso, <span class=\"_ _10\"> </span>un <span class=\"_ _10\"> </span>aumento <span class=\"_ _10\"> </span>delle<span class=\"_ _3\"></span> performance <span class=\"ls10\">dei</span> business di vendita di gas metano sui mercati tradizionali <span class=\"lse\">e <span class=\"_ _5\"></span></span>di energia elettrica ai clienti finali. <span class=\"_ _5\"></span><span class=\"ls1e\">In</span>fine<span class=\"ls1e\">, </span>si segnala un incremento del business <span class=\"_ _5\"></span>ambiente, legato soprattutto al trattamento dei rifiuti per un c<span class=\"_ _5\"></span>ontinuo processo<span class=\"_ _3\"></span> di <span class=\"ff5\">sviluppo dell\u2019offert<span class=\"_ _3\"></span>a e dell\u2019<span class=\"ff1\">ottimizzazione della gestione opera<span class=\"_ _3\"></span>tiva. </span></span>Gli <span class=\"_ _5\"></span><span class=\"ff5\">\u201c<span class=\"_ _5\"></span></span>Ammortamenti <span class=\"_ _5\"></span>accantonamenti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>svalutazioni<span class=\"ff5\">\u201d</span> <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>incrementa<span class=\"lse\">no</span> <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>effetto <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>investimenti <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>entrati <span class=\"_ _5\"></span>in ammortamento  nel  corso  dell\u2019<span class=\"_ _3\"></span>esercizio<span class=\"ff1\">,  parzialmente  compensati  da  minori  stanziamenti  rispetto  al  p<span class=\"_ _3\"></span>eriodo  di </span>raffronto in relazio<span class=\"_ _3\"></span>ne a<span class=\"_ _5\"></span>l fondo sv<span class=\"_ _3\"></span>alutazione crediti. La <span class=\"_ _5\"></span>significativa <span class=\"_ _5\"></span>variazione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>gest<span class=\"_ _5\"></span>ione <span class=\"_ _5\"></span>finanziaria <span class=\"_ _5\"></span><span class=\"lse\">\u00e8 <span class=\"_ _7\"></span></span>correlata <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>quanto <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>indicato<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>Da <span class=\"_ _7\"></span>una <span class=\"_ _5\"></span>parte <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>proventi finanziari <span class=\"_ _d\"> </span>dell\u2019esercizio <span class=\"_ _d\"> </span>beneficiano <span class=\"_ _d\"> </span>sensibilmente <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>egli <span class=\"_ _d\"> </span>effetti <span class=\"_ _d\"> </span>dell\u2019attualizzazione <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>crediti <span class=\"_ _d\"> </span>fiscali <span class=\"_ _d\"> </span>derivanti <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>allo sconto in fattura per attivit\u00e0 di efficientamento energetico di edifici,<span class=\"_ _3\"></span> che il <span class=\"_ _5\"></span>Gruppo ha optato di trattenere in portafoglio<span class=\"_ _5\"></span> ai <span class=\"_ _4\"> </span>fini <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i  compensazione  dei<span class=\"_ _5\"></span>  propri <span class=\"_ _4\"> </span>debiti <span class=\"_ _10\"> </span>di  natura <span class=\"_ _4\"> </span>tributaria <span class=\"_ _4\"> </span>e <span class=\"_ _4\"> </span>previdenziale<span class=\"_ _7\"></span>,  e<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>gli <span class=\"_ _4\"> </span>oneri <span class=\"_ _4\"> </span>finanziari <span class=\"_ _10\"> </span>risento<span class=\"_ _3\"></span>no positivamente <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>minor <span class=\"_ _e\"></span>impatto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>valutazioni <span class=\"_ _e\"></span>dei <span class=\"_ _6\"></span>lavori <span class=\"_ _e\"></span>rea<span class=\"lsf\">li</span><span class=\"ff5\">zzati <span class=\"_ _e\"> </span>nell\u2019esercizio <span class=\"_ _6\"></span>2024</span> <span class=\"_ _e\"></span>rispetto <span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>quelli <span class=\"_ _6\"></span>effettuati nell\u2019anno <span class=\"_ _6\"></span>2023<span class=\"ff1\">. <span class=\"_ _6\"></span></span>Dall\u2019altra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>falue<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>opzioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>earn <span class=\"_ _6\"></span>out <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _7\"></span>a <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>oci <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> minoranza <span class=\"_ _f\"> </span>(in <span class=\"_ _d\"> </span>particolare <span class=\"_ _f\"> </span>riferibili <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>societ\u00e0  E<span class=\"_ _1\"></span>s<span class=\"_ _5\"></span>tEnergy <span class=\"_ _d\"> </span>Spa) <span class=\"_ _f\"> </span>determinano <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>n  significativo <span class=\"_ _d\"> </span>effetto <span class=\"_ _f\"> </span>positivo <span class=\"_ _f\"> </span>sulla gestione finanziaria se <span class=\"_ _5\"></span>confrontato con <span class=\"_ _5\"></span>la medesima <span class=\"_ _5\"></span>fattispecie <span class=\"ff5\">dell\u2019esercizio precedente. Infine, <span class=\"_ _5\"></span></span><span class=\"ls12\">si<span class=\"_ _5\"></span></span> sono <span class=\"_ _5\"></span>consuntivati pienamente <span class=\"_ _8\"> </span>nel <span class=\"_ _8\"> </span>corso <span class=\"_ _8\"> </span>dell\u2019esercizio <span class=\"_ _8\"> </span>2024 <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>benefici <span class=\"_ _8\"> </span>sugli <span class=\"_ _8\"> </span>o<span class=\"_ _5\"></span>neri <span class=\"_ _8\"> </span>derivanti <span class=\"_ _8\"> </span>dal <span class=\"_ _8\"> </span>rimborso<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _8\"> </span>avvenuto <span class=\"_ _8\"> </span>nel <span class=\"_ _8\"> </span>corso </span>dell\u2019esercizio <span class=\"_ _7\"></span>precedente<span class=\"ff1\">, <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>finanziamenti <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>breve-medio <span class=\"_ _6\"></span>termi<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>credito <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>breve <span class=\"_ _7\"></span>accese <span class=\"_ _6\"></span>nel<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019anno</span> <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>022 </span>per <span class=\"_ _f\"> </span>far <span class=\"_ _f\"> </span>fronte <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>esigenze <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>cassa<span class=\"_ _5\"></span>, <span class=\"_ _f\"> </span>legate <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>particolare <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>stoccaggio<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>del  g<span class=\"_ _3\"></span>as <span class=\"_ _f\"> </span>metano<span class=\"_ _5\"></span>, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>uno <span class=\"_ _f\"> </span>scenario <span class=\"_ _f\"> </span>di innalzamento del <span class=\"_ _5\"></span>livello <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>tassi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>interesse di <span class=\"_ _5\"></span>riferimento. <span class=\"_ _7\"></span>Tali <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>stati <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>parzialmente compensati <span class=\"_ _5\"></span>dall<span class=\"lse\">e </span>risultanze <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>l\u2019<span class=\"ff1\">imparment <span class=\"_ _7\"></span>test <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>parte<span class=\"_ _3\"></span>cipazioni <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alutate <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>net<span class=\"_ _3\"></span>to<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>comportato <span class=\"_ _6\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>rilevazione <span class=\"_ _7\"></span>di </span>una svalutazione sig<span class=\"_ _3\"></span>nificativa rispetto a quell<span class=\"_ _3\"></span>a dell\u2019esercizio prec<span class=\"_ _3\"></span>edente<span class=\"_ _5\"></span><span class=\"ff1\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-450": {
   "value": "1  <span class=\"ls0\">Ricavi </span>2024 2023 VAR. Ricavi delle vendit<span class=\"_ _3\"></span>e e delle prestazi<span class=\"_ _3\"></span>oni 13.058,4 15.410,6 (2.352,2) Variazioni dei lavori in <span class=\"_ _3\"></span>corso e semilav<span class=\"_ _3\"></span>orati (168,7) (79,5) (89,2) Totale 12.889,7 15.331,1 (2.441,4) \u201cRicavi <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>vendite <span class=\"_ _e\"> </span>e <span class=\"_ _6\"> </span>p<span class=\"_ _5\"></span>restazioni\u201d,<span class=\"ff1\"> <span class=\"_ _e\"> </span>il <span class=\"_ _e\"></span>decremento <span class=\"_ _e\"> </span></span>rispetto <span class=\"_ _e\"> </span>all\u2019esercizio <span class=\"_ _6\"> </span>precedente<span class=\"ff1\"> <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"></span>principalmente <span class=\"_ _6\"></span>at<span class=\"_ _5\"></span>tribuibile<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>a<span class=\"ls23\">i </span></span>business energy, la cui varia<span class=\"_ _3\"></span>zione \u00e8 dovuta alla combinazi<span class=\"_ _3\"></span>one dei seguenti effetti: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">diminuzione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>prezzi <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>edi <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>commodity <span class=\"_ _7\"></span>energetiche <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>raggiunti <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>eser<span class=\"_ _3\"></span>cizi <span class=\"_ _6\"></span>precedenti, </span></span>nonostante <span class=\"_ _8\"> </span>nell\u2019ultima <span class=\"_ _8\"> </span>parte <span class=\"_ _8\"> </span>dell\u2019anno <span class=\"_ _8\"> </span>si <span class=\"_ _8\"> </span>sia <span class=\"_ _8\"> </span>evidenziata <span class=\"_ _8\"> </span>una <span class=\"_ _8\"> </span>inversione <span class=\"_ _8\"> </span>del <span class=\"_ _8\"> </span>trend <span class=\"_ _8\"> </span>dovuta<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _2\"> </span>alle <span class=\"_ _8\"> </span>tensioni </span>geopolitiche e macroe<span class=\"_ _3\"></span>conomiche; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">minori <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>vendita <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>clienti <span class=\"_ _7\"></span>finali <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>gas <span class=\"_ _7\"></span>metano <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>effetto <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>temperature <span class=\"_ _5\"></span>medie <span class=\"_ _7\"></span>superiori <span class=\"_ _5\"></span>rispetto <span class=\"_ _7\"></span>al </span></span>periodo di confronto <span class=\"_ _3\"></span>sia di minori consumi della base clie<span class=\"_ _3\"></span>nti; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">incremento dei volumi <span class=\"ff5\">intermedi<span class=\"_ _3\"></span>ati sui mercati all\u2019ing<span class=\"_ _3\"></span>ross<span class=\"ff1\">o<span class=\"_ _5\"></span>; </span></span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">buone <span class=\"_ _6\"></span>performance <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>energia <span class=\"_ _6\"></span>elettrica <span class=\"_ _6\"></span>dovute <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>acquisizioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>clientela <span class=\"_ _6\"></span>nel<span class=\"_ _5\"></span> </span></span>mercato <span class=\"_ _5\"></span>libero <span class=\"_ _7\"></span>sia <span class=\"_ _7\"></span>al<span class=\"ff5\">l\u2019avvio</span> <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>servizio <span class=\"_ _7\"></span>elettrico <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>tutele <span class=\"_ _5\"></span>graduali <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>clienti <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ulnerabili <span class=\"_ _5\"></span>serviti <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>far data dal 1\u00b0 luglio 20<span class=\"_ _3\"></span>24 in seguito all\u2019agg<span class=\"_ _3\"></span>iudicazione di sette l<span class=\"_ _3\"></span>otti a livello nazionale.<span class=\"_ _5\"></span><span class=\"ff1\">  </span>Inoltre, <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>energy <span class=\"_ _7\"></span><span class=\"ff5\">dell\u2019esercizio influisc</span>ono, <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>parte, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>maniera <span class=\"_ _5\"></span>positiva <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>ripristino <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>oneri di <span class=\"_ _d\"> </span>sistema <span class=\"_ _d\"> </span>(<span class=\"ls12\">co<span class=\"_ _5\"></span></span>munque <span class=\"_ _d\"> </span>invarianti <span class=\"_ _e\"> </span>sui <span class=\"_ _f\"> </span>risultati <span class=\"_ _d\"> </span><span class=\"lse\">de<span class=\"_ _5\"></span></span>l <span class=\"_ _d\"> </span>Gruppo) <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>erano <span class=\"_ _d\"> </span>stati <span class=\"_ _d\"> </span>ridotti <span class=\"_ _f\"> </span>o <span class=\"_ _d\"> </span>addirittura <span class=\"_ _d\"> </span>annullati <span class=\"_ _d\"> </span><span class=\"ls10\">da</span>l <span class=\"_ _d\"> </span>quarto trimestre <span class=\"_ _6\"></span>20<span class=\"_ _3\"></span>21 <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>primo <span class=\"_ _6\"></span>trime<span class=\"_ _3\"></span>stre <span class=\"_ _6\"></span>2023 <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>far <span class=\"_ _7\"></span>fronte <span class=\"_ _6\"></span><span class=\"lse\">ai</span> <span class=\"_ _6\"></span>rialzi <span class=\"_ _6\"></span>verific<span class=\"_ _3\"></span>atesi <span class=\"_ _7\"></span>ne<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>prezzi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>commod<span class=\"_ _5\"></span>ity <span class=\"_ _7\"></span>energetiche, <span class=\"_ _7\"></span><span class=\"lse\">e </span>dall\u2019altra<span class=\"ff1\">,  i<span class=\"_ _3\"></span>n  manier<span class=\"_ _3\"></span>a  negativa <span class=\"_ _f\"> </span>il  decremento <span class=\"_ _f\"> </span>dei  ricavi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i  servizi <span class=\"_ _f\"> </span>di  effi<span class=\"_ _3\"></span>cientamento<span class=\"_ _5\"></span>  e<span class=\"_ _3\"></span>nergetico,  a <span class=\"_ _f\"> </span>causa <span class=\"_ _f\"> </span>del </span>significativo ridimension<span class=\"_ _3\"></span>amento delle agevolazio<span class=\"_ _3\"></span>ni legate alle ristrutturazi<span class=\"_ _3\"></span>oni edilizie, in partic<span class=\"_ _3\"></span>olare condomini<span class=\"_ _7\"></span><span class=\"ls1e\">. </span> Per <span class=\"_ _6\"></span>quanto <span class=\"_ _7\"></span>concerne <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>altre <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>gestite <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>Grup<span class=\"_ _3\"></span>po, <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>segnala <span class=\"_ _6\"></span>un <span class=\"_ _7\"></span>incremento <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>ricavi <span class=\"_ _7\"></span>per<span class=\"_ _6\"></span> <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>rete <span class=\"_ _7\"></span>(in particolare <span class=\"_ _7\"></span>ciclo <span class=\"_ _7\"></span>idrico) <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>beneficiato <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>aum<span class=\"_ _3\"></span>enti <span class=\"_ _7\"></span>tariffari <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>presentano <span class=\"_ _7\"></span>nuovi <span class=\"_ _7\"></span>riferimenti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>rendim<span class=\"_ _3\"></span>ento deliberati <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>Arera <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>tutti <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>regolati, <span class=\"_ _7\"></span>oltre <span class=\"_ _6\"></span>all\u2019aumento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>ricavi <span class=\"_ _7\"></span>per<span class=\"_ _6\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span><span class=\"lsf\">i <span class=\"_ _6\"></span></span></span>business <span class=\"_ _6\"></span>dell\u2019ambiente <span class=\"_ _6\"></span><span class=\"ff1\">grazie <span class=\"_ _6\"></span>all<span class=\"_ _3\"></span>o </span>sviluppo dei servizi offerti, dei <span class=\"_ _5\"></span>volumi trattati per il p<span class=\"_ _5\"></span>ieno regime di alcuni impianti e <span class=\"_ _5\"></span>dei maggiori prezzi di trattamento<span class=\"_ _6\"></span> dei rifiuti. Come <span class=\"_ _10\"> </span>espost<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>parag<span class=\"_ _3\"></span>rafo <span class=\"_ _4\"> </span>2.02.01 <span class=\"_ _10\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>fine <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>migliore<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>rappresent<span class=\"_ _3\"></span>azione <span class=\"_ _10\"> </span>delle  d<span class=\"_ _5\"></span>inamiche economiche <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>patrimoniali <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gruppo, <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>tate <span class=\"_ _7\"></span>introdotte<span class=\"_ _7\"></span> <span class=\"_ _7\"></span><span class=\"ff5\">alcune <span class=\"_ _6\"></span>riclassifiche <span class=\"_ _7\"></span>all\u2019interno <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>schemi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>bilancio</span> rispetto <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>pubblicato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>In <span class=\"_ _7\"></span>particolare, si<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>segnala <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span><span class=\"ff5\">l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>\u201cRicavi <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>vendite <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>delle </span>prestazioni\u201d accoglie <span class=\"_ _5\"></span><span class=\"ff1\">per <span class=\"_ _5\"></span>entrambi <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>periodi <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>riclassifica <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>valore delle <span class=\"_ _7\"></span></span>\u201cCommesse a <span class=\"_ _5\"></span>lungo <span class=\"_ _5\"></span>termine\u201d che <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>scorso anno era<span class=\"lse\">no</span> esposte ne<span class=\"ff5\">l <span class=\"_ _5\"></span>rigo \u201cAltri Ricavi operativi\u201d, or<span class=\"_ _3\"></span>a ridenominato \u201cAltri proventi\u201d. Tale voce, pari a <span class=\"_ _5\"></span><span class=\"ff1\">441,5 milioni di </span></span>euro <span class=\"_ _5\"></span>al 31 <span class=\"_ _5\"></span>dicembre 2024 <span class=\"_ _5\"></span>(433,8 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>al 31 <span class=\"_ _5\"></span>dicembre 2<span class=\"_ _5\"></span>023), comprende <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>ricavi generati dalla <span class=\"_ _5\"></span>costruzione, o  miglioramento,  delle  infrastruttur<span class=\"_ _3\"></span>e  detenute  in  concessione  in  applicazione  del  modello  contabile  d<span class=\"_ _3\"></span>ell\u2019attivit\u00e0 immateriale previsto p<span class=\"_ _3\"></span>er i servizi pubblici in c<span class=\"_ _3\"></span>oncessione.<span class=\"_ _5\"></span> Per <span class=\"_ _4\"> </span>le <span class=\"_ _10\"> </span>particola<span class=\"_ _3\"></span>ri <span class=\"_ _4\"> </span>t<span class=\"_ _5\"></span>ipologie  di <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _4\"> </span>che <span class=\"_ _4\"> </span>il <span class=\"_ _10\"> </span>Gruppo  presidia, <span class=\"_ _4\"> </span>i <span class=\"_ _8\"> </span><span class=\"ff5\">\u201cRicavi  delle <span class=\"_ _4\"> </span>v<span class=\"_ _5\"></span>endite  e <span class=\"_ _10\"> </span>prestazi<span class=\"_ _3\"></span>oni\u201d <span class=\"_ _4\"> </span>accolgono </span>stanziamenti <span class=\"_ _f\"> </span>significativi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>erogazioni <span class=\"_ _d\"> </span>ef<span class=\"_ _5\"></span>fettuate <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>finali <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>ancora <span class=\"_ _f\"> </span>fatturati  a<span class=\"_ _3\"></span>lla <span class=\"_ _f\"> </span>data <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>bilancio. <span class=\"_ _f\"> </span>Si riportano <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valori <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>fatture <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>emettere <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>competenza <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>tre <span class=\"_ _5\"></span>commodity <span class=\"_ _5\"></span>pi\u00f9 impattate dalla stima d<span class=\"_ _3\"></span>ei ratei di fine esercizi<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> 2024 2023 VAR. Gas vendita 465,7 405,2 60,5 Energia elettrica ve<span class=\"_ _3\"></span>ndita 397,9 305,5<span class=\"fc10\"> </span>92,4 Acqua 269,1 174,7<span class=\"fc10\"> </span>94,4 Totale 1.132,7 885,4 247,3 Di seguito si riporta l<span class=\"_ _3\"></span>a suddivisione dei rica<span class=\"_ _3\"></span>vi <span class=\"_ _5\"></span>delle vendite e presta<span class=\"_ _3\"></span>zioni per area geografica. 2024 2023 VAR. Italia 10.966,4 11.933,7 (967,3) Unione Europea 572,8 1.924,1 (1.351,3) Extra Unione Euro<span class=\"_ _3\"></span>pea 1.519,2 1.552,8 (33,6) Totale 13.058,4 15.410,6 (2.352,2) I <span class=\"_ _6\"></span>ricavi <span class=\"_ _7\"></span>realizzati <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fuori <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>territorio <span class=\"_ _7\"></span>nazionale <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>riferi<span class=\"_ _3\"></span>scono <span class=\"_ _6\"></span>principalme<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>a<span class=\"ff5\">ll\u2019attivit\u00e0 <span class=\"_ _7\"></span></span>di <span class=\"_ _6\"></span>vendita <span class=\"_ _7\"></span><span class=\"ff5\">all\u2019ingrosso <span class=\"_ _7\"></span>del </span>gas <span class=\"_ _6\"></span>n<span class=\"_ _5\"></span>aturale <span class=\"_ _e\"></span><span class=\"ff5\">e <span class=\"_ _e\"> </span>dell\u2019energia <span class=\"_ _6\"></span>elettrica<span class=\"_ _5\"></span></span>, <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>cui <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>ammonta <span class=\"_ _e\"></span><span class=\"ls10\">a <span class=\"_ _6\"></span></span>1<span class=\"_ _5\"></span>.997 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _e\"> </span>(3.383,3 milioni di euro al 31 <span class=\"_ _3\"></span>dicembre 2023). \u201cVariazione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>lavori <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>semilavorati\u201d<span class=\"_ _3\"></span>, <span class=\"_ _e\"> </span>accoglie <span class=\"_ _6\"></span>l\u2019effetto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>dell\u2019esercizio <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>variazioni <span class=\"_ _7\"></span>dei <span class=\"_ _e\"> </span>lavori conto <span class=\"_ _6\"></span>terzi, <span class=\"_ _7\"></span>determinati <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>percentuale <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>stato <span class=\"_ _6\"></span>avanzament<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>lavori. <span class=\"_ _e\"></span><span class=\"ls56\">\u00c8 <span class=\"_ _6\"></span></span>principalmente <span class=\"_ _6\"></span>ricon<span class=\"_ _3\"></span>ducibile <span class=\"_ _6\"></span>ai lavori <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _f\"> </span>efficientamento <span class=\"_ _d\"> </span>energetico <span class=\"_ _d\"> </span>effettuati <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>finali, <span class=\"_ _f\"> </span>tipicamente <span class=\"_ _d\"> </span>condomini. <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>variazione <span class=\"_ _d\"> </span>rispetto <span class=\"_ _f\"> </span>al periodo d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>confronto riflette <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>riduzione delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>incentivate <span class=\"_ _5\"></span>sui <span class=\"_ _5\"></span>servizi per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>sparmio energetico negli edifici abitativi, tipicam<span class=\"_ _3\"></span>ente condomini, a seguito del sostan<span class=\"_ _3\"></span>ziale termine del<span class=\"_ _7\"></span><span class=\"ff5\">l\u2019agevolazion<span class=\"_ _3\"></span>e<span class=\"ff1\"> superbonus 110% e, </span></span>pi\u00f9 <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>general<span class=\"_ _3\"></span>e, <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>restrizi<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>normative <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ncentivi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>interventi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>efficie<span class=\"_ _3\"></span>ntamento <span class=\"_ _6\"></span>energetico<span class=\"_ _3\"></span> delle abitazioni. I <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>ver<span class=\"_ _3\"></span>so <span class=\"_ _6\"></span>parti <span class=\"_ _7\"></span>correlate <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>illu<span class=\"_ _3\"></span>strati <span class=\"_ _6\"></span>n<span class=\"_ _5\"></span>el <span class=\"_ _6\"></span>paragr<span class=\"_ _3\"></span>afo <span class=\"_ _6\"></span><span class=\"ff5\">2.03.01 <span class=\"_ _6\"></span>\u201cConto <span class=\"_ _7\"></span>economico <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>delib<span class=\"_ _3\"></span>era <span class=\"_ _6\"></span>Consob </span>15519/2006\u201d.<span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-42": {
   "value": "Di seguito si riporta l<span class=\"_ _3\"></span>a suddivisione dei rica<span class=\"_ _3\"></span>vi <span class=\"_ _5\"></span>delle vendite e presta<span class=\"_ _3\"></span>zioni per area geografica. 2024 2023 VAR. Italia 10.966,4 11.933,7 (967,3) Unione Europea 572,8 1.924,1 (1.351,3) Extra Unione Euro<span class=\"_ _3\"></span>pea 1.519,2 1.552,8 (33,6) Totale 13.058,4 15.410,6 (2.352,2) I <span class=\"_ _6\"></span>ricavi <span class=\"_ _7\"></span>realizzati <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fuori <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>territorio <span class=\"_ _7\"></span>nazionale <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>riferi<span class=\"_ _3\"></span>scono <span class=\"_ _6\"></span>principalme<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>a<span class=\"ff5\">ll\u2019attivit\u00e0 <span class=\"_ _7\"></span></span>di <span class=\"_ _6\"></span>vendita <span class=\"_ _7\"></span><span class=\"ff5\">all\u2019ingrosso <span class=\"_ _7\"></span>del </span>gas <span class=\"_ _6\"></span>n<span class=\"_ _5\"></span>aturale <span class=\"_ _e\"></span><span class=\"ff5\">e <span class=\"_ _e\"> </span>dell\u2019energia <span class=\"_ _6\"></span>elettrica<span class=\"_ _5\"></span></span>, <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>cui <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"></span>ammonta <span class=\"_ _e\"></span><span class=\"ls10\">a <span class=\"_ _6\"></span></span>1<span class=\"_ _5\"></span>.997 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _e\"> </span>(3.383,3 milioni di euro al 31 <span class=\"_ _3\"></span>dicembre 2023). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "2<span class=\"ls55\">  <span class=\"ls24\">Altri </span></span>proventi 2024 2023 VAR. Certificati bianchi<span class=\"_ _3\"></span> 40,3 47,1 (6,8) Contributi in conto <span class=\"_ _3\"></span>esercizio 16,5 86,2 (69,7) Quote contributi in <span class=\"_ _3\"></span>conto impianti 14,5 13,3 1,2 Plusvalenze da <span class=\"_ _3\"></span>cessione asset 3,8 1,8 2,0 Altri proventi 79,6 85,6 (6,0) Totale 154,7 234,0 (79,3) \u201cCertificati <span class=\"_ _d\"> </span>bianchi\u201d, <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>alcolati <span class=\"_ _d\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _d\"> </span>degli <span class=\"_ _d\"> </span>o<span class=\"_ _5\"></span>biettivi <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>fficienza <span class=\"_ _d\"> </span>energetica <span class=\"_ _d\"> </span>affidati <span class=\"_ _f\"> </span>alle<span class=\"_ _3\"></span> societ\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distribuzione <span class=\"_ _6\"></span>gas <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>energia <span class=\"_ _e\"></span>elettrica <span class=\"_ _e\"></span>stabiliti <span class=\"_ _6\"></span>dal <span class=\"_ _e\"> </span>Gse <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>regolati <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>della <span class=\"_ _6\"></span>Cassa <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>servizi energetici e ambientali, pari a 40,3 milioni di euro (47,1 milioni di euro al 31 dicembre 2023). <span class=\"_ _7\"></span>La variazione rispetto al<span class=\"_ _75\"> </span>precedente <span class=\"_ _e\"> </span>esercizio, <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>sostanziale <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>arit\u00e0 <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ia <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>contributo <span class=\"_ _d\"> </span>tariffario <span class=\"_ _e\"> </span>riconosciuto <span class=\"_ _d\"> </span>sia  <span class=\"ff5\">dell\u2019obbligo<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>assegnato <span class=\"_ _d\"> </span>per </span>l\u2019anno<span class=\"ff1\"> <span class=\"_ _6\"></span>2024 <span class=\"_ _e\"></span>alle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>istribuzione <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>Gruppo<span class=\"_ _75\"> </span></span><span class=\"ff1\">, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>dovuta <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>o<span class=\"_ _5\"></span>perazioni <span class=\"_ _6\"></span>effettuate <span class=\"_ _6\"></span>nel </span>periodo corrente in rel<span class=\"_ _3\"></span>azione al meccanismo di r<span class=\"_ _3\"></span>iscatto di titoli virtuali u<span class=\"_ _3\"></span>tilizzati negli esercizi <span class=\"_ _3\"></span>precedenti.<span class=\"_ _7\"></span> \u201cContributi <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>esercizi<span class=\"_ _3\"></span>o\u201d<span class=\"ff1\">,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rappresentati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>principalmente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>a <span class=\"_ _e\"></span>contributi <span class=\"_ _6\"></span>ricevut<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span><span class=\"ff5\">per <span class=\"_ _6\"></span>l\u2019esercizio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di </span></span>produzione <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _e\"></span>da <span class=\"_ _d\"> </span>fonti <span class=\"_ _d\"> </span>rinnovabili. <span class=\"_ _f\"> </span>La <span class=\"_ _e\"> </span>contrazione <span class=\"_ _d\"> </span>significativa <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>periodo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>confronto <span class=\"_ _d\"> </span>\u00e8 dovuta: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _6\"></span>conclusione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>meccanismi <span class=\"_ _6\"></span>previsti <span class=\"_ _6\"></span>dai <span class=\"_ _6\"></span>decreti <span class=\"_ _e\"></span>governativi <span class=\"_ _6\"></span><span class=\"ff5\">che <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>susseguiti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>partire <span class=\"_ _6\"></span>dall\u2019esercizi<span class=\"_ _1\"></span>o </span></span></span>2022 <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>far <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>ronte <span class=\"_ _6\"> </span>all\u2019emergenza <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>caro <span class=\"_ _e\"> </span>energia, <span class=\"_ _d\"> </span>che <span class=\"_ _6\"> </span>hanno <span class=\"_ _e\"> </span>comportato <span class=\"_ _e\"> </span>nell\u2019esercizio <span class=\"_ _6\"> </span>2023 <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>rilevazione sotto forma di crediti<span class=\"_ _3\"></span> d\u2019imposta<span class=\"ff1\"> <span class=\"lse\">di</span> <span class=\"_ _5\"></span>contributi gas e<span class=\"_ _3\"></span>d energia elettrica, par<span class=\"_ _3\"></span>i a 43,3 milioni di <span class=\"_ _3\"></span>euro<span class=\"_ _5\"></span>;<span class=\"_ _75\"> </span></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _7\"></span>rilevazione <span class=\"_ _7\"></span><span class=\"ff5\">nel <span class=\"_ _6\"></span>corso <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _5\"></span>precedente<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontributi <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>fronte <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>rist<span class=\"_ _3\"></span>oro <span class=\"_ _7\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>costi <span class=\"_ _6\"></span>op<span class=\"_ _3\"></span>erativi <span class=\"_ _7\"></span>sostenuti </span></span>per <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>dell\u2019emergenza <span class=\"_ _5\"></span>alluvionale <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>ha <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>olpito <span class=\"_ _5\"></span>l\u2019Emilia<span class=\"_ _5\"></span><span class=\"ff1\">-<span class=\"_ _5\"></span>Romagna<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>alcune <span class=\"_ _5\"></span>regioni <span class=\"_ _7\"></span>limitrofe <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>mese </span>di maggio 2023, pari a 35,7 mil<span class=\"_ _3\"></span>ioni di euro. \u201cQuote <span class=\"_ _7\"></span>contributi <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>impianti\u201d <span class=\"_ _7\"></span>rappresenta<span class=\"_ _5\"></span><span class=\"ff1 ls10\">no<span class=\"ls0\"> <span class=\"_ _7\"></span></span></span>le <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>ponenti <span class=\"_ _7\"></span>economiche <span class=\"_ _7\"></span>positive <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ompetenza <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019esercizio<span class=\"ff1\"> </span>correlate alle quote di ammort<span class=\"_ _3\"></span>amento relative agli investimenti <span class=\"_ _3\"></span>oggetto di contributi. \u201cAltri <span class=\"_ _6\"></span><span class=\"ff1\">proventi</span><span class=\"ls13\">\u201d <span class=\"_ _6\"> </span></span><span class=\"ff1\">accolgono, <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>altri, <span class=\"_ _6\"></span>recuperi <span class=\"_ _6\"></span>spese <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>18,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(13,6 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre<span class=\"_ _3\"></span> </span>2023) <span class=\"ls10\">e </span>rimborsi<span class=\"_ _3\"></span> assicurativi per 9,9 mili<span class=\"_ _3\"></span>oni di euro (13,3 mili<span class=\"_ _3\"></span>oni di euro al 31 dicem<span class=\"_ _3\"></span>bre 2023).<span class=\"_ _5\"></span> Si ricorda che <span class=\"ff5\">il prospetto di conto economico pubblicato per l\u2019eser<span class=\"_ _3\"></span>cizio 2023<span class=\"_ _5\"></span><span class=\"ff1\"> accoglieva la voce </span>\u201c<span class=\"_ _5\"></span>Commesse a lung<span class=\"_ _3\"></span>o </span>termine\u201d <span class=\"_ _5\"></span><span class=\"ff1\">nel <span class=\"_ _5\"></span>rigo <span class=\"_ _5\"></span></span>\u201cAltri <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>operati<span class=\"ff1 ls11\">vi</span>\u201d <span class=\"_ _5\"></span>(ora <span class=\"_ _5\"></span>ridenominat<span class=\"ff1\">o <span class=\"_ _5\"></span></span>\u201cAltri <span class=\"_ _5\"></span>proventi\u201d). <span class=\"_ _5\"></span>Come <span class=\"_ _5\"></span>gi\u00e0 <span class=\"_ _5\"></span>esposto a<span class=\"_ _5\"></span>lla Not<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>\u201cRicavi\u201d, al<span class=\"_ _5\"></span>la quale <span class=\"_ _d\"> </span>si <span class=\"_ _d\"> </span>rimanda <span class=\"_ _e\"> </span>per <span class=\"_ _f\"> </span>maggiori<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>dettagli, <span class=\"_ _d\"> </span>tale <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>oce <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>tata <span class=\"_ _f\"> </span>esposta <span class=\"_ _d\"> </span>al <span class=\"_ _e\"> </span>3<span class=\"_ _5\"></span>1 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _d\"> </span>2024, <span class=\"_ _f\"> </span>anche<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>di confronto, tra i ricavi<span class=\"_ _3\"></span> delle vendite e presta<span class=\"_ _3\"></span>zioni<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "2<span class=\"ls55\">  <span class=\"ls24\">Altri </span></span>proventi 2024 2023 VAR. Certificati bianchi<span class=\"_ _3\"></span> 40,3 47,1 (6,8) Contributi in conto <span class=\"_ _3\"></span>esercizio 16,5 86,2 (69,7) Quote contributi in <span class=\"_ _3\"></span>conto impianti 14,5 13,3 1,2 Plusvalenze da <span class=\"_ _3\"></span>cessione asset 3,8 1,8 2,0 Altri proventi 79,6 85,6 (6,0) Totale 154,7 234,0 (79,3) \u201cCertificati <span class=\"_ _d\"> </span>bianchi\u201d, <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>ricavi <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>alcolati <span class=\"_ _d\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _d\"> </span>degli <span class=\"_ _d\"> </span>o<span class=\"_ _5\"></span>biettivi <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>fficienza <span class=\"_ _d\"> </span>energetica <span class=\"_ _d\"> </span>affidati <span class=\"_ _f\"> </span>alle<span class=\"_ _3\"></span> societ\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distribuzione <span class=\"_ _6\"></span>gas <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>energia <span class=\"_ _e\"></span>elettrica <span class=\"_ _e\"></span>stabiliti <span class=\"_ _6\"></span>dal <span class=\"_ _e\"> </span>Gse <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>regolati <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>della <span class=\"_ _6\"></span>Cassa <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>servizi energetici e ambientali, pari a 40,3 milioni di euro (47,1 milioni di euro al 31 dicembre 2023). <span class=\"_ _7\"></span>La variazione rispetto al<span class=\"_ _75\"> </span>precedente <span class=\"_ _e\"> </span>esercizio, <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>sostanziale <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>arit\u00e0 <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ia <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>contributo <span class=\"_ _d\"> </span>tariffario <span class=\"_ _e\"> </span>riconosciuto <span class=\"_ _d\"> </span>sia  <span class=\"ff5\">dell\u2019obbligo<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>assegnato <span class=\"_ _d\"> </span>per </span>l\u2019anno<span class=\"ff1\"> <span class=\"_ _6\"></span>2024 <span class=\"_ _e\"></span>alle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>istribuzione <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>Gruppo<span class=\"_ _75\"> </span></span>, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>dovuta <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>o<span class=\"_ _5\"></span>perazioni <span class=\"_ _6\"></span>effettuate <span class=\"_ _6\"></span>nel periodo corrente in rel<span class=\"_ _3\"></span>azione al meccanismo di r<span class=\"_ _3\"></span>iscatto di titoli virtuali u<span class=\"_ _3\"></span>tilizzati negli esercizi <span class=\"_ _3\"></span>precedenti.<span class=\"_ _7\"></span> \u201cContributi <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>esercizi<span class=\"_ _3\"></span>o\u201d<span class=\"ff1\">,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rappresentati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>principalmente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>a <span class=\"_ _e\"></span>contributi <span class=\"_ _6\"></span>ricevut<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span><span class=\"ff5\">per <span class=\"_ _6\"></span>l\u2019esercizio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di </span></span>produzione <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _e\"></span>da <span class=\"_ _d\"> </span>fonti <span class=\"_ _d\"> </span>rinnovabili. <span class=\"_ _f\"> </span>La <span class=\"_ _e\"> </span>contrazione <span class=\"_ _d\"> </span>significativa <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>periodo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>confronto <span class=\"_ _d\"> </span>\u00e8 dovuta: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _6\"></span>conclusione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>meccanismi <span class=\"_ _6\"></span>previsti <span class=\"_ _6\"></span>dai <span class=\"_ _6\"></span>decreti <span class=\"_ _e\"></span>governativi <span class=\"_ _6\"></span><span class=\"ff5\">che <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>susseguiti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>partire <span class=\"_ _6\"></span>dall\u2019esercizi<span class=\"_ _1\"></span>o </span></span></span>2022 <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>far <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>ronte <span class=\"_ _6\"> </span>all\u2019emergenza <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>caro <span class=\"_ _e\"> </span>energia, <span class=\"_ _d\"> </span>che <span class=\"_ _6\"> </span>hanno <span class=\"_ _e\"> </span>comportato <span class=\"_ _e\"> </span>nell\u2019esercizio <span class=\"_ _6\"> </span>2023 <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>rilevazione sotto forma di crediti<span class=\"_ _3\"></span> d\u2019imposta<span class=\"ff1\"> <span class=\"lse\">di</span> <span class=\"_ _5\"></span>contributi gas e<span class=\"_ _3\"></span>d energia elettrica, par<span class=\"_ _3\"></span>i a 43,3 milioni di <span class=\"_ _3\"></span>euro<span class=\"_ _5\"></span>;<span class=\"_ _75\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _7\"></span>rilevazione <span class=\"_ _7\"></span><span class=\"ff5\">nel <span class=\"_ _6\"></span>corso <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _5\"></span>precedente<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontributi <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>fronte <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>rist<span class=\"_ _3\"></span>oro <span class=\"_ _7\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>costi <span class=\"_ _6\"></span>op<span class=\"_ _3\"></span>erativi <span class=\"_ _7\"></span>sostenuti </span></span>per <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>dell\u2019emergenza <span class=\"_ _5\"></span>alluvionale <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>ha <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>olpito <span class=\"_ _5\"></span>l\u2019Emilia<span class=\"_ _5\"></span><span class=\"ff1\">-<span class=\"_ _5\"></span>Romagna<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>alcune <span class=\"_ _5\"></span>regioni <span class=\"_ _7\"></span>limitrofe <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>mese </span>di maggio 2023, pari a 35,7 mil<span class=\"_ _3\"></span>ioni di euro. \u201cQuote <span class=\"_ _7\"></span>contributi <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>impianti\u201d <span class=\"_ _7\"></span>rappresenta<span class=\"_ _5\"></span><span class=\"ff1 ls10\">no<span class=\"ls0\"> <span class=\"_ _7\"></span></span></span>le <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>ponenti <span class=\"_ _7\"></span>economiche <span class=\"_ _7\"></span>positive <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ompetenza <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019esercizio<span class=\"ff1\"> </span>correlate alle quote di ammort<span class=\"_ _3\"></span>amento relative agli investimenti <span class=\"_ _3\"></span>oggetto di contributi. \u201cAltri <span class=\"_ _6\"></span><span class=\"ff1\">proventi</span><span class=\"ls13\">\u201d <span class=\"_ _6\"> </span></span><span class=\"ff1\">accolgono, <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>altri, <span class=\"_ _6\"></span>recuperi <span class=\"_ _6\"></span>spese <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>18,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(13,6 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre<span class=\"_ _3\"></span> </span>2023) <span class=\"ls10\">e </span>rimborsi<span class=\"_ _3\"></span> assicurativi per 9,9 mili<span class=\"_ _3\"></span>oni di euro (13,3 mili<span class=\"_ _3\"></span>oni di euro al 31 dicem<span class=\"_ _3\"></span>bre 2023).<span class=\"_ _5\"></span> Si ricorda che <span class=\"ff5\">il prospetto di conto economico pubblicato per l\u2019eser<span class=\"_ _3\"></span>cizio 2023<span class=\"_ _5\"></span><span class=\"ff1\"> accoglieva la voce </span>\u201c<span class=\"_ _5\"></span>Commesse a lung<span class=\"_ _3\"></span>o </span>termine\u201d <span class=\"_ _5\"></span><span class=\"ff1\">nel <span class=\"_ _5\"></span>rigo <span class=\"_ _5\"></span></span>\u201cAltri <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>operati<span class=\"ff1 ls11\">vi</span>\u201d <span class=\"_ _5\"></span>(ora <span class=\"_ _5\"></span>ridenominat<span class=\"ff1\">o <span class=\"_ _5\"></span></span>\u201cAltri <span class=\"_ _5\"></span>proventi\u201d). <span class=\"_ _5\"></span>Come <span class=\"_ _5\"></span>gi\u00e0 <span class=\"_ _5\"></span>esposto a<span class=\"_ _5\"></span>lla Not<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>\u201cRicavi\u201d, al<span class=\"_ _5\"></span>la quale <span class=\"_ _d\"> </span>si <span class=\"_ _d\"> </span>rimanda <span class=\"_ _e\"> </span>per <span class=\"_ _f\"> </span>maggiori<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>dettagli, <span class=\"_ _d\"> </span>tale <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>oce <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>tata <span class=\"_ _f\"> </span>esposta <span class=\"_ _d\"> </span>al <span class=\"_ _e\"> </span>3<span class=\"_ _5\"></span>1 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _d\"> </span>2024, <span class=\"_ _f\"> </span>anche<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>di confronto, tra i ricavi<span class=\"_ _3\"></span> delle vendite e presta<span class=\"_ _3\"></span>zioni<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span>6  Altre spese<span class=\"_ _3\"></span> operative 2024 2023 VAR. Tributi, canoni e im<span class=\"_ _3\"></span>poste diverse da quell<span class=\"_ _3\"></span>e sul reddito 25,2 25,0 0,2 Minusvalenze da c<span class=\"_ _3\"></span>essioni e dismissioni di<span class=\"_ _3\"></span> asset 18,7 16,6 2,1 Canoni verso Enti <span class=\"_ _3\"></span>istituzionali 16,1 15,5 0,6 Altri oneri 37,3 33,2 4,1 Totale 97,3 90,3 7,0 \u201c<span class=\"ff1\">Tributi, <span class=\"_ _d\"> </span>canoni <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>imposte <span class=\"_ _d\"> </span>diverse <span class=\"_ _d\"> </span>da<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>quelle <span class=\"_ _d\"> </span>sul <span class=\"_ _f\"> </span>reddito</span>\u201d<span class=\"ff1 ls1e\">, <span class=\"_ _f\"> </span><span class=\"ls0\">si <span class=\"_ _d\"> </span>riferisc<span class=\"lse\">ono</span> <span class=\"_ _f\"> </span>principalmente <span class=\"_ _e\"> </span>a <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span>su <span class=\"_ _f\"> </span>fabbricati <span class=\"_ _f\"> </span><span class=\"lse\">e </span></span></span>impianti, <span class=\"_ _5\"></span>imposte di bollo <span class=\"_ _5\"></span>e r<span class=\"_ _5\"></span>egistro, canone unico p<span class=\"_ _5\"></span>atrimoniale, <span class=\"_ _5\"></span>tassa <span class=\"_ _5\"></span>sui rifiuti, <span class=\"_ _5\"></span>accise e <span class=\"_ _5\"></span>tributi <span class=\"_ _5\"></span>relativi alle <span class=\"_ _5\"></span>discariche gestite.<span class=\"_ _75\"> </span> \u201cMinusvalenze <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>cessioni <span class=\"_ _f\"> </span>e <span class=\"_ _d\"> </span>dismissioni <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>asset\u201d<span class=\"_ _5\"></span><span class=\"ff1 ls1e\">, <span class=\"_ _f\"> </span><span class=\"ls0\">sono <span class=\"_ _f\"> </span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _f\"> </span>riconducibili <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>dismissioni <span class=\"_ _d\"> </span>intervenute </span></span>nell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>impianti, <span class=\"_ _5\"></span>condotte <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>attrezzature <span class=\"_ _7\"></span>relativ<span class=\"lsf\">i <span class=\"_ _5\"></span></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>business <span class=\"_ _7\"></span>gestiti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>rete<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _7\"></span></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _5\"></span>distribuzione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>gas </span>metano e d<span class=\"lsf\">i </span>energia el<span class=\"_ _3\"></span>ettrica, e al trattamento dei rifi<span class=\"_ _3\"></span>uti.  \u201cCanoni <span class=\"_ _6\"></span>verso <span class=\"_ _7\"></span>Enti <span class=\"_ _6\"></span>istituzionali\u201d, <span class=\"_ _6\"></span>corri<span class=\"_ _3\"></span>sposti <span class=\"_ _6\"></span>alle <span class=\"_ _7\"></span>Regioni, <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>consorzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bonific<span class=\"_ _3\"></span>a, <span class=\"_ _6\"></span>enti <span class=\"_ _7\"></span>d\u2019ambito <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>munit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>montane, sono <span class=\"_ _e\"></span>relativi <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>prelievo <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>utilizzo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>acque, <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>copertura <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>manutenzione <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"></span>di opere <span class=\"_ _7\"></span>idrauliche. <span class=\"_ _7\"></span>L<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>voce <span class=\"_ _7\"></span>comprende, <span class=\"_ _7\"></span>inoltre, <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>anoni <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>tutela <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>lle <span class=\"_ _7\"></span>aree <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>salvaguardia <span class=\"_ _7\"></span>idrogeologica <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>comuni montani (come previst<span class=\"_ _3\"></span>o dal Dgr. 933/2012) e i contributi ric<span class=\"_ _3\"></span>onosciuti per il fu<span class=\"_ _3\"></span>nzionamento di Atersir. \u201c<span class=\"ff1\">Altri <span class=\"_ _7\"></span>oneri</span>\u201d <span class=\"_ _7\"></span>comprend<span class=\"ff1\">ono <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ltre <span class=\"_ _5\"></span>fattispecie <span class=\"_ _7\"></span>residuali,<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span>contributi <span class=\"_ _7\"></span>associativi, <span class=\"_ _7\"></span><span class=\"lsf\">in</span>dennit\u00e0 <span class=\"_ _7\"></span>risarcitorie, <span class=\"_ _7\"></span>liberalit\u00e0, </span>sanzioni e penali. <span class=\"ff5\">L\u2019incremento del periodo \u00e8 </span>imputabile principalmente alle penali regolato<span class=\"_ _3\"></span>rie introdotte nel corso del 2024 <span class=\"ff5\">dall\u2019Arera in relazio<span class=\"_ _3\"></span>ne all\u2019attivit\u00e0 di di<span class=\"_ _3\"></span>stribuzione del gas m<span class=\"_ _3\"></span>etano<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-43": {
   "value": "\u201cContributi <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>esercizi<span class=\"_ _3\"></span>o\u201d<span class=\"ff1\">,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rappresentati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>principalmente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>a <span class=\"_ _e\"></span>contributi <span class=\"_ _6\"></span>ricevut<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span><span class=\"ff5\">per <span class=\"_ _6\"></span>l\u2019esercizio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di </span></span>produzione <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _e\"></span>da <span class=\"_ _d\"> </span>fonti <span class=\"_ _d\"> </span>rinnovabili. <span class=\"_ _f\"> </span>La <span class=\"_ _e\"> </span>contrazione <span class=\"_ _d\"> </span>significativa <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _e\"></span>al <span class=\"_ _d\"> </span>periodo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>confronto <span class=\"_ _d\"> </span>\u00e8 dovuta: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _6\"></span>conclusione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>meccanismi <span class=\"_ _6\"></span>previsti <span class=\"_ _6\"></span>dai <span class=\"_ _6\"></span>decreti <span class=\"_ _e\"></span>governativi <span class=\"_ _6\"></span><span class=\"ff5\">che <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>susseguiti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>partire <span class=\"_ _6\"></span>dall\u2019esercizi<span class=\"_ _1\"></span>o </span></span></span>2022 <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>far <span class=\"_ _6\"> </span>f<span class=\"_ _5\"></span>ronte <span class=\"_ _6\"> </span>all\u2019emergenza <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>caro <span class=\"_ _e\"> </span>energia, <span class=\"_ _d\"> </span>che <span class=\"_ _6\"> </span>hanno <span class=\"_ _e\"> </span>comportato <span class=\"_ _e\"> </span>nell\u2019esercizio <span class=\"_ _6\"> </span>2023 <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>rilevazione sotto forma di crediti<span class=\"_ _3\"></span> d\u2019imposta<span class=\"ff1\"> <span class=\"lse\">di</span> <span class=\"_ _5\"></span>contributi gas e<span class=\"_ _3\"></span>d energia elettrica, par<span class=\"_ _3\"></span>i a 43,3 milioni di <span class=\"_ _3\"></span>euro<span class=\"_ _5\"></span>;<span class=\"_ _75\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _7\"></span>rilevazione <span class=\"_ _7\"></span><span class=\"ff5\">nel <span class=\"_ _6\"></span>corso <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _5\"></span>precedente<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontributi <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>fronte <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>rist<span class=\"_ _3\"></span>oro <span class=\"_ _7\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>costi <span class=\"_ _6\"></span>op<span class=\"_ _3\"></span>erativi <span class=\"_ _7\"></span>sostenuti </span></span>per <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>dell\u2019emergenza <span class=\"_ _5\"></span>alluvionale <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>ha <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>olpito <span class=\"_ _5\"></span>l\u2019Emilia<span class=\"_ _5\"></span><span class=\"ff1\">-<span class=\"_ _5\"></span>Romagna<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>alcune <span class=\"_ _5\"></span>regioni <span class=\"_ _7\"></span>limitrofe <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>mese </span>di maggio 2023, pari a 35,7 mil<span class=\"_ _3\"></span>ioni di euro. \u201cQuote <span class=\"_ _7\"></span>contributi <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>impianti\u201d <span class=\"_ _7\"></span>rappresenta<span class=\"_ _5\"></span><span class=\"ff1 ls10\">no<span class=\"ls0\"> <span class=\"_ _7\"></span></span></span>le <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>ponenti <span class=\"_ _7\"></span>economiche <span class=\"_ _7\"></span>positive <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ompetenza <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019esercizio<span class=\"ff1\"> </span>correlate alle quote di ammort<span class=\"_ _3\"></span>amento relative agli investimenti <span class=\"_ _3\"></span>oggetto di contributi.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "3  Materie prim<span class=\"_ _3\"></span>e e materiali 2024 2023 VAR. Materie prime 6.682,4 9.416,0 (2.733,6) Certificati ambientali<span class=\"_ _3\"></span> 67,2 117,7 (50,5) Materie plastiche<span class=\"_ _3\"></span> 65,5 57,1 8,4 Oneri e proventi da d<span class=\"_ _3\"></span>erivati (30,8) (188,7) 157,9 Materiali di manute<span class=\"_ _3\"></span>nzione e vari 272,1 270,1 2,0 Totale 7.056,4 9.672,2 (2.615,8) <div class=\"c w2 h0 gsc7\"><div class=\"t m0 x1b h3 y1c06 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cMaterie <span class=\"_ _6\"> </span>prime\u201d, <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>netto <span class=\"_ _e\"> </span>della <span class=\"_ _6\"></span>variazione <span class=\"_ _e\"> </span>delle <span class=\"_ _6\"> </span>scorte<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>delle <span class=\"_ _e\"></span>svalutazioni <span class=\"_ _6\"></span>appostate<span class=\"_ _5\"></span>, <span class=\"_ _e\"></span>includono <span class=\"_ _6\"></span>principalmente <span class=\"_ _e\"> </span>gli </span></div><div class=\"t m0 x1b h3 y5f0 ff1 fs1 fc1 sc0 ls0 ws0\">approvvigionamenti di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>metano, energia elettrica <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>acqua<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>destinati alla <span class=\"_ _5\"></span>vendita<span class=\"ls16\">. <span class=\"_ _5\"></span></span>In v<span class=\"_ _5\"></span>ia residuale, <span class=\"_ _5\"></span>includono anche<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y6fc ff1 fs1 fc1 sc0 ls0 ws0\">gli <span class=\"_ _5\"></span>approvvigionamenti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>metano <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>energia <span class=\"_ _5\"></span>elettrica <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>alimentare <span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>impianti produttivi <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>Gruppo, <span class=\"_ _5\"></span>oltre <span class=\"_ _5\"></span>che </div><div class=\"t m0 x1b h3 y1c07 ff1 fs1 fc1 sc0 ls0 ws0\">gli <span class=\"_ _5\"></span>acquisti <span class=\"_ _5\"></span>di c<span class=\"_ _5\"></span>ombustibili e <span class=\"_ _5\"></span>lubrificanti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>gestione delle <span class=\"_ _5\"></span>flotte.<span class=\"_ _7\"></span> <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>decremento <span class=\"_ _5\"></span>del periodo<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>in analogia <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>quanto </div><div class=\"t m0 x1b h3 y1c08 ff5 fs1 fc1 sc0 ls0 ws0\">illustrato nella Nota 1 \u201c<span class=\"_ _5\"></span>Ricavi\u201d,<span class=\"ff1\"> \u00e8 d<span class=\"_ _5\"></span>ovuto alla riduzione dei prezzi di approvvigionamento delle commodity energetich<span class=\"_ _5\"></span><span class=\"lse\">e </span></span></div><div class=\"t m0 x1b h3 y1c09 ff1 fs1 fc1 sc0 ls0 ws0\">e <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>gas <span class=\"_ _5\"></span>metano <span class=\"_ _5\"></span>venduti <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>clienti <span class=\"_ _5\"></span>finali, <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>parzialmente compensato<span class=\"_ _5\"></span> <span class=\"ff5\">d<span class=\"_ _5\"></span>all\u2019aument<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>volumi <span class=\"_ _5\"></span><span class=\"ff1\">venduti </span></span></div><div class=\"t m0 x1b h3 y1640 ff5 fs1 fc1 sc0 ls0 ws0\">ai clienti finali dell\u2019<span class=\"_ _3\"></span>energia elettrica<span class=\"ff1\"> e dei volumi intermediati. </span></div><div class=\"t m0 x1b h3 y6d4 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y6d5 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCertificati <span class=\"_ _22\"> </span>ambientali\u201d <span class=\"_ _c\"> </span>i<span class=\"_ _5\"></span>ncludono <span class=\"_ _c\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _22\"> </span>costo <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>acquisto <span class=\"_ _11\"> </span><span class=\"ff1\">a <span class=\"_ _22\"> </span>p<span class=\"_ _5\"></span>rezzi <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>mercato <span class=\"_ _22\"> </span>dei <span class=\"_ _22\"> </span>certificati <span class=\"_ _22\"> </span>bianchi, <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>cui </span></div><div class=\"t m0 x1b h3 y6d6 ff1 fs1 fc1 sc0 ls0 ws0\">approvvigionamento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>efinito <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>funzione <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>obblighi <span class=\"_ _7\"></span>assegnati <span class=\"_ _6\"></span>alle <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>distribuzione. <span class=\"_ _6\"></span>Tale <span class=\"_ _7\"></span>voce <span class=\"_ _6\"></span>accoglie </div><div class=\"t m0 x1b h3 y6d7 ff1 fs1 fc1 sc0 ls0 ws0\">altres\u00ec <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>tit<span class=\"_ _3\"></span>oli <span class=\"_ _6\"></span>ambientali <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>portafoglio <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>negoziazione <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>stituiti <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>certificati <span class=\"_ _6\"></span>grigi, <span class=\"_ _e\"> </span><span class=\"ff5\">i <span class=\"_ _6\"></span>certificati <span class=\"_ _6\"></span>d\u2019orig<span class=\"_ _3\"></span>ine <span class=\"_ _6\"></span>dell\u2019<span class=\"ff1\">energia </span></span></div><div class=\"t m0 x1b h3 y1c0a ff1 fs1 fc1 sc0 ls0 ws0\">elettrica <span class=\"_ _6\"></span>proveniente <span class=\"_ _e\"></span>da <span class=\"_ _6\"></span>f<span class=\"_ _5\"></span>onti <span class=\"_ _6\"></span>rinnovabili <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _e\"></span>a <span class=\"_ _6\"></span>contratti <span class=\"_ _e\"></span>sottoscritti <span class=\"_ _6\"></span>con <span class=\"_ _e\"> </span>clienti <span class=\"_ _6\"></span>f<span class=\"_ _5\"></span>inali<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>oltre <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>va<span class=\"_ _5\"></span>lorizzazione<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y1c0b ff1 fs1 fc1 sc0 ls0 ws0\">degli <span class=\"_ _e\"> </span>impegni <span class=\"_ _d\"> </span>dei <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ontratti <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>compravendita <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>quote <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>missione <span class=\"_ _e\"> </span>gas <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>erra. <span class=\"_ _f\"> </span><span class=\"ff5\">Il <span class=\"_ _e\"> </span>decremento <span class=\"_ _e\"> </span>rispetto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio </span></div><div class=\"t m0 x1b h3 yba0 ff1 fs1 fc1 sc0 ls0 ws0\">precedente <span class=\"_ _6\"></span><span class=\"ls10\">\u00e8 <span class=\"_ _7\"></span></span>sostanzialmente <span class=\"_ _6\"></span>relativo <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>numerosit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mprave<span class=\"_ _3\"></span>ndita <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ertificati <span class=\"_ _7\"></span>grigi <span class=\"_ _6\"></span>del </div><div class=\"t m0 x1b h3 y1c0c ff1 fs1 fc1 sc0 ls0 ws0\">portafoglio di negozi<span class=\"_ _3\"></span>azione. </div><div class=\"t m0 x1b h3 y1c0d ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 yf95 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cMaterie <span class=\"_ _5\"></span>plastiche\u201d, a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>netto d<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>variazione delle <span class=\"_ _5\"></span>scorte, <span class=\"_ _5\"></span>includono <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisto <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>materie <span class=\"_ _5\"></span>prime <span class=\"_ _5\"></span>plastiche </div><div class=\"t m0 x1b h3 y1c0e ff1 fs1 fc1 sc0 ls0 ws0\">oggetto di <span class=\"_ _5\"></span>successiva <span class=\"_ _5\"></span>lavorazione e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">trasformazio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>nell\u2019ambito dei <span class=\"_ _5\"></span>processi della <span class=\"_ _5\"></span>societ\u00e0 Aliplast <span class=\"_ _5\"></span>Spa. <span class=\"_ _7\"></span><span class=\"ff1\">La <span class=\"_ _5\"></span>variazione </span></span></div><div class=\"t m0 x1b h3 y15cb ff1 fs1 fc1 sc0 ls0 ws0\">dei costi<span class=\"ff5\">, <span class=\"_ _5\"></span>a sostanziale parit\u00e0 <span class=\"_ _5\"></span>di volumi, \u00e8 <span class=\"_ _5\"></span>dipesa dall\u2019incremento dei p<span class=\"_ _5\"></span>rezzi che si <span class=\"_ _5\"></span>\u00e8 verificato <span class=\"_ _5\"></span>nel corso dell\u2019esercizio </span></div><div class=\"t m0 x1b h3 y1c0f ff1 fs1 fc1 sc0 ls0 ws0\">2024, dovuto a <span class=\"ff5\">una maggior <span class=\"_ _3\"></span>competizione nel meccanism<span class=\"_ _3\"></span>o d\u2019asta per l\u2019acq<span class=\"_ _3\"></span>uisto degli scarti<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span></div><div class=\"t m0 x1b h3 y1c10 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yd50 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cOneri <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>proventi <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>derivati\u201d<span class=\"ff1\">, <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _5\"></span>derivati <span class=\"_ _7\"></span>su <span class=\"_ _5\"></span>commodity, <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>alla <span class=\"_ _6\"></span></span>nota <span class=\"_ _7\"></span>29 <span class=\"_ _5\"></span>\u201cStrumenti </div><div class=\"t m0 x1b h3 yd51 ff5 fs1 fc1 sc0 ls0 ws0\">derivati\u201d <span class=\"ff1\">a cui si rimanda<span class=\"_ _3\"></span> per <span class=\"ff5\">un\u2019analisi su natura e andament<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span><span class=\"ff1\">.</span></span></span><span class=\"ff1\"><span class=\"ff5\"><span class=\"ff1\"> </span></span></span></div><div class=\"t m0 x1b h3 yd52 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div>\u201cMateriali di <span class=\"_ _5\"></span>manutenzione e<span class=\"_ _5\"></span> vari\u201d, <span class=\"_ _5\"></span>al netto <span class=\"_ _5\"></span>della v<span class=\"_ _5\"></span>ariazione delle <span class=\"_ _5\"></span>scorte, accolgono <span class=\"_ _5\"></span>principalmente i <span class=\"_ _5\"></span>beni d<span class=\"_ _5\"></span>i consumo utilizzati <span class=\"_ _7\"></span>ne<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>gestione <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>opera<span class=\"_ _3\"></span>tive <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>e, <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>ia <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>esiduale, <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>prodotti <span class=\"_ _7\"></span>acquistati <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>rivendita <span class=\"_ _7\"></span>a clienti finali.<span class=\"_ _75\"> </span>4  Costi per ser<span class=\"_ _3\"></span>vizi 2024 2023 VAR. Vettoriamento e st<span class=\"_ _3\"></span>occaggio 1.982,1 1.221,2 760,9 Servizi di trasporto, s<span class=\"_ _3\"></span>maltimento e racc<span class=\"_ _3\"></span>olta rifiuti 580,1 560,4 19,7 Spese per lavori e <span class=\"_ _3\"></span>manutenzioni 548,3 1.252,0 (703,7) Servizi tecnici 116,6 161,9 (45,3) Servizi informati<span class=\"_ _3\"></span>vi ed elaborazione dati 94,9 83,3 11,6 Canoni corrisposti <span class=\"_ _3\"></span>a enti locali 72,5 64,3 8,2 Prestazioni professio<span class=\"_ _3\"></span>nali 64,5 56,6 7,9 Costi per servizi di<span class=\"_ _3\"></span>versi 265,9 256,2 9,7 Totale 3.724,9 3.655,9 69,0 \u201cVettoriamento e sto<span class=\"_ _3\"></span>ccaggio\u201d, comprendono i c<span class=\"_ _3\"></span>osti<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"ls10\">di</span> trasporto <span class=\"_ _3\"></span>e stoccaggio del gas e q<span class=\"_ _3\"></span>uelli di distribuzione del gas e </span>dell\u2019energia <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span>lettrica <span class=\"_ _6\"></span>comprensivi <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>oneri <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>sistema.<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _e\"> </span></span>Quest\u2019ultimi, <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>particolare, <span class=\"_ _e\"> </span>rappres<span class=\"_ _3\"></span>entano <span class=\"_ _d\"> </span><span class=\"ff1\">componenti <span class=\"_ _e\"></span>di </span>costo addebitate<span class=\"_ _5\"></span> ai <span class=\"_ _5\"></span>clienti <span class=\"_ _5\"></span>finali e <span class=\"_ _5\"></span>quindi sostanzialmente invarianti sui <span class=\"_ _5\"></span>risultati del <span class=\"_ _5\"></span>Gruppo.<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>La variazione <span class=\"_ _5\"></span>rispetto allo scorso esercizio \u00e8 principalme<span class=\"_ _3\"></span>nte attribuibile: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 ls10\">ai<span class=\"ls0\"> <span class=\"_ _5\"></span>maggiori <span class=\"_ _5\"></span>oneri <span class=\"_ _5\"></span></span>di<span class=\"ls0\"> <span class=\"_ _5\"></span>sistema <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span></span>ai<span class=\"ls0\"> <span class=\"_ _5\"></span>business <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span><span class=\"lse\">gas</span> <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">dell\u2019energia</span> <span class=\"_ _5\"></span>elettrica, <span class=\"_ _5\"></span><span class=\"ls23\">in</span> <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>conclusione <span class=\"_ _5\"></span>degli </span></span></span>effetti delle disposizioni normative c<span class=\"_ _5\"></span>he negli esercizi precedenti, per <span class=\"_ _5\"></span>far fronte alla cr<span class=\"_ _5\"></span>isi energetica, erano arrivati a determinare <span class=\"lsf\">la</span> loro rid<span class=\"_ _3\"></span>uzione o annullamento; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _5\"></span>maggiori costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>distribuzione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">d<span class=\"_ _5\"></span>ell\u2019energia elettrica <span class=\"_ _5\"></span>principalmen<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>attribuibili all\u2019aumento dei <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>venduti<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"lse\">e </span></span></span></span></span>della clientela servita; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>stoccaggio <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>trasporto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>gas <span class=\"_ _e\"></span>metano <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _e\"> </span>sia <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>volumi <span class=\"_ _6\"></span>gestiti <span class=\"_ _6\"></span>direttamente </span></span>sulle cabine Remi sia alle minori tariffe <span class=\"ff5\">d<span class=\"_ _3\"></span>ell\u2019esercizio 2024 <span class=\"ff1\">addebitate d<span class=\"_ _3\"></span>al trasportatore nazional<span class=\"_ _3\"></span>e. </span></span>\u201cServizi <span class=\"_ _5\"></span>di trasporto, <span class=\"_ _5\"></span>smaltimento e <span class=\"_ _5\"></span>raccolta <span class=\"_ _5\"></span>rifiuti\u201d comprendono pr<span class=\"_ _5\"></span>incipalmente i <span class=\"_ _5\"></span>costi operativi r<span class=\"_ _5\"></span>elativi alle <span class=\"_ _5\"></span>attivit\u00e0 d<span class=\"_ _5\"></span>i<span class=\"_ _7\"></span><span class=\"ff1\"> </span>igiene urbana e trattam<span class=\"_ _3\"></span>ento rifiuti. La variazione rispetto <span class=\"ff5\">all\u2019</span>esercizio precede<span class=\"_ _3\"></span>nte \u00e8 riconducibile principalmente: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019attivazione di <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>integrativi e <span class=\"_ _5\"></span>progetti finalizzati a<span class=\"_ _5\"></span>ll\u2019ottenimento di u<span class=\"_ _5\"></span>na maggiore <span class=\"_ _5\"></span>raccolta differenziata<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>che </span></span></span>comportano anche <span class=\"ff5\">un incr<span class=\"_ _3\"></span>emento dei ricavi dell\u2019es<span class=\"_ _3\"></span>ercizio<span class=\"ff1\">;<span class=\"_ _75\"> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _5\"></span>maggiori costi di <span class=\"_ _5\"></span>trasporto <span class=\"_ _5\"></span>e trattamento <span class=\"_ _5\"></span>rifiuti, dovuti <span class=\"_ _5\"></span>sia ai <span class=\"_ _5\"></span>maggiori volumi sia <span class=\"_ _5\"></span>a<span class=\"ff5 lsf\">ll\u2019</span>incremento dei <span class=\"_ _5\"></span>costi unitari </span></span>del servizio. Si <span class=\"_ _6\"></span>se<span class=\"_ _5\"></span>gnala <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>accoglie <span class=\"_ _e\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>sostenuti <span class=\"_ _e\"></span>nel <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>orso <span class=\"_ _6\"></span><span class=\"ff5\">dell\u2019esercizio <span class=\"_ _6\"> </span></span>precedente <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>l<span class=\"_ _3\"></span>e attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>trasporto, <span class=\"_ _5\"></span>stoccaggio <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>trattamento <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>rifiuti <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>all\u2019emergenza <span class=\"_ _5\"></span>alluvionale<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>maggio <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>ha </span>interessato parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>territori nei <span class=\"_ _5\"></span>quali il <span class=\"_ _5\"></span>Gruppo \u00e8 <span class=\"_ _5\"></span>gestore <span class=\"_ _5\"></span>dei serv<span class=\"_ _5\"></span>izi di <span class=\"_ _5\"></span>pubblica utilit\u00e0<span class=\"_ _7\"></span>, <span class=\"_ _5\"></span>evento che<span class=\"_ _5\"></span> ha <span class=\"_ _5\"></span>determinato la necessit\u00e0 di gestire <span class=\"_ _3\"></span>una considerevole qua<span class=\"_ _3\"></span>ntit\u00e0 di rifiuti di natura<span class=\"_ _3\"></span> non ordinaria<span class=\"_ _5\"></span>. \u201cSpese <span class=\"_ _8\"> </span>per <span class=\"_ _2\"> </span>lavori <span class=\"_ _8\"> </span>e <span class=\"_ _2\"> </span>manutenzioni\u201d <span class=\"_ _8\"> </span>si <span class=\"_ _2\"> </span>riferiscono <span class=\"_ _2\"> </span><span class=\"ff1\">p<span class=\"_ _5\"></span>rincipalmente <span class=\"_ _8\"> </span>ai <span class=\"_ _2\"> </span>costi <span class=\"_ _8\"> </span>sostenuti <span class=\"_ _8\"> </span>p<span class=\"_ _5\"></span>er <span class=\"_ _8\"> </span>la <span class=\"_ _2\"> </span>costruzione, <span class=\"_ _8\"> </span>o <span class=\"_ _2\"> </span>il </span>miglioramento, <span class=\"_ _10\"> </span>delle <span class=\"_ _10\"> </span>infrastrutture <span class=\"_ _10\"> </span>detenute <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>concessione, <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>applicazione <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>modello <span class=\"_ _10\"> </span>contabile <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0 immateriale <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>revisto <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>servizi <span class=\"_ _f\"> </span>pubblici <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>concessione<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _d\"> </span></span>ai<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>costi <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>manutenzione <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>impianti <span class=\"_ _d\"> </span>gestiti <span class=\"_ _f\"> </span>dal<span class=\"_ _3\"></span> Gruppo <span class=\"_ _8\"> </span><span class=\"ls10\">e <span class=\"_ _10\"> </span></span>ai <span class=\"_ _8\"> </span>costi <span class=\"_ _10\"> </span>per <span class=\"_ _8\"> </span>la <span class=\"_ _10\"> </span>r<span class=\"_ _5\"></span>ealizzazione <span class=\"_ _10\"> </span>degli <span class=\"_ _8\"> </span>interv<span class=\"_ _3\"></span>enti <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>efficientamento <span class=\"_ _8\"> </span>energ<span class=\"_ _3\"></span>etico<span class=\"_ _7\"></span>. <span class=\"_ _8\"> </span>La <span class=\"_ _10\"> </span>variazione <span class=\"_ _8\"> </span>rispetto<span class=\"_ _3\"></span> all\u2019esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>princi<span class=\"_ _3\"></span>palmente <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"> </span><span class=\"ff1\">alle <span class=\"_ _6\"></span>minori <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>effici<span class=\"_ _3\"></span>entamento <span class=\"_ _7\"></span>energetico <span class=\"_ _7\"></span>svolt<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>sugli <span class=\"_ _7\"></span>edifici </span>per <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>ia <span class=\"_ _e\"></span>delle <span class=\"_ _6\"></span>modifiche <span class=\"_ _e\"></span>normative <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span>hanno <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>fatto <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>liminato<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>possibilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>effettuare <span class=\"_ _e\"></span>lo <span class=\"_ _6\"></span>sconto <span class=\"_ _e\"> </span>in <span class=\"_ _e\"></span>fattura <span class=\"_ _e\"></span>o <span class=\"_ _6\"></span>la cessione del credito.  \u201cServizi <span class=\"_ _5\"></span>tecnici\u201d, <span class=\"_ _5\"></span>comprendono <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>sostenuti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>volgimento <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>pratiche <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di efficientamento <span class=\"_ _5\"></span>energetico <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>condo<span class=\"_ _5\"></span>mini <span class=\"_ _7\"></span><span class=\"ff5\">e <span class=\"_ _5\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>installazione <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>impianti <span class=\"_ _5\"></span>fotovoltaici <span class=\"_ _5\"></span>realizzati <span class=\"_ _5\"></span>presso <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>lienti<span class=\"_ _3\"></span> </span>finali <span class=\"_ _e\"></span>del <span class=\"_ _d\"> </span>Gruppo. <span class=\"_ _d\"> </span>Anche <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>questo <span class=\"_ _d\"> </span>caso <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ecremento <span class=\"_ _6\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>dovuto <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>le <span class=\"_ _e\"></span>minori <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>efficientamento <span class=\"_ _e\"></span>energetico svolte sugli edifici. \u201cServizi <span class=\"_ _8\"> </span>inf<span class=\"_ _3\"></span>ormativi <span class=\"_ _8\"> </span>ed <span class=\"_ _10\"> </span>elaborazione <span class=\"_ _10\"> </span>dati\u201d <span class=\"_ _8\"> </span>comprendo<span class=\"_ _3\"></span>no <span class=\"_ _8\"> </span>i <span class=\"_ _10\"> </span>costi <span class=\"_ _8\"> </span>operativi <span class=\"_ _10\"> </span>per <span class=\"_ _8\"> </span>la <span class=\"_ _10\"> </span>manutenzione <span class=\"_ _10\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _8\"> </span>l<span class=\"_ _3\"></span>a <span class=\"_ _8\"> </span>gestione<span class=\"_ _3\"></span> dell\u2019infrastruttura <span class=\"_ _5\"></span>informatica <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>telecomunicazio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo, <span class=\"_ _7\"></span>oltre <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span><span class=\"ff1\">per <span class=\"_ _6\"></span>gli <span class=\"_ _5\"></span>applicativi <span class=\"_ _7\"></span>aziendali <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>istemi <span class=\"_ _7\"></span>di </span>cyber security. \u201cCanoni <span class=\"_ _5\"></span>corrisposti a <span class=\"_ _5\"></span>enti locali\u201d <span class=\"_ _5\"></span>comprendono, tra <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>altri, <span class=\"_ _5\"></span>oneri sostenuti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019utilizzo delle reti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>propriet\u00e0 pubblic<span class=\"_ _6\"></span><span class=\"ff1 ls22\">a </span>e canoni <span class=\"_ _5\"></span>corrisposti alle societ\u00e0 degli asset <span class=\"_ _5\"></span>per la <span class=\"_ _5\"></span>gestione dei beni del <span class=\"_ _5\"></span>ciclo<span class=\"_ _7\"></span> idrico, gas <span class=\"_ _5\"></span>ed elettrico. Accolgono in v<span class=\"_ _5\"></span>ia residuale <span class=\"_ _d\"> </span>canoni <span class=\"_ _f\"> </span>corrisposti <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>l\u2019uso <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>reti <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>telecomunicazion<span class=\"_ _5\"></span><span class=\"ff1\">e <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>teleriscald<span class=\"_ _3\"></span>amento. <span class=\"_ _f\"> </span>La <span class=\"_ _d\"> </span>variazione <span class=\"_ _f\"> </span>rispetto </span>all\u2019esercizio <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>recedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"></span><span class=\"ff1\">principalmente <span class=\"_ _7\"></span></span>all\u2019incremento <span class=\"_ _5\"></span>dei <span class=\"_ _6\"></span>cano<span class=\"_ _3\"></span>ni <span class=\"_ _7\"></span>dovuti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>alcun<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>concessioni <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>al business ciclo idrico.<span class=\"_ _75\"> </span>\u201cPrestazioni <span class=\"_ _6\"></span>professio<span class=\"_ _3\"></span>nali\u201d <span class=\"_ _6\"></span>comprendono <span class=\"_ _6\"></span>oneri<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>natura <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ommerciale,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>legale, <span class=\"_ _6\"></span>notarile<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>amministrativa<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>e </span>tributaria. <span class=\"_ _5\"></span>Sono <span class=\"_ _5\"></span>inclusi in<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>questa voce <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>compensi <span class=\"_ _5\"></span>corrisposti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>revisione di<span class=\"_ _5\"></span> b<span class=\"_ _5\"></span>ilancio e <span class=\"_ _5\"></span>l\u2019e<span class=\"_ _5\"></span>mission<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>attestazioni.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>La <span class=\"_ _8\"> </span>variazione <span class=\"_ _8\"> </span>rispet<span class=\"_ _3\"></span>to <span class=\"_ _8\"> </span>all\u2019esercizio <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>recedente<span class=\"ff1\"> <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>dovuta <span class=\"_ _8\"> </span>principalmente <span class=\"_ _8\"> </span></span>all\u2019aumento <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>ei <span class=\"_ _8\"> </span>costi <span class=\"_ _8\"> </span>della <span class=\"_ _8\"> </span>ge<span class=\"_ _3\"></span>stione documentale <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>erivanti <span class=\"_ _10\"> </span>dall\u2019applicazione <span class=\"_ _10\"> </span>dello <span class=\"_ _10\"> </span>sconto <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>fattura <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>b<span class=\"_ _5\"></span>usiness <span class=\"_ _10\"> </span>dell\u2019efficientamento<span class=\"_ _3\"></span> energetico <span class=\"_ _4\"> </span>dei <span class=\"_ _10\"> </span>condomini, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _8\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>articolare <span class=\"_ _4\"> </span>alla <span class=\"_ _10\"> </span>conclusione <span class=\"_ _4\"> </span>delle <span class=\"_ _4\"> </span>pratiche <span class=\"_ _10\"> </span>amministrativ<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>dei <span class=\"_ _4\"> </span>lavori<span class=\"_ _5\"></span> superbonus 110% effettu<span class=\"_ _3\"></span>ati nel corso dell\u2019<span class=\"_ _3\"></span>esercizio 2023<span class=\"ff1\">. </span>\u201cCosti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>diversi\u201d <span class=\"_ _5\"></span>comprendono <span class=\"_ _5\"></span>tutti <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>altri <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>indicati <span class=\"_ _5\"></span>nelle <span class=\"_ _5\"></span>categorie <span class=\"_ _5\"></span>sopra <span class=\"_ _5\"></span>riportate.<span class=\"_ _6\"></span><span class=\"ff1\"> Tale </span>voce <span class=\"_ _e\"></span>accoglie <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>provvigioni <span class=\"_ _e\"> </span>e <span class=\"_ _e\"></span>altri <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>elativi <span class=\"_ _e\"></span>ad <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>genti <span class=\"_ _6\"></span>per <span class=\"_ _d\"> </span>35,6 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _e\"></span>(39,2 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>31 dicembre 2023) e <span class=\"_ _5\"></span>commissioni bancarie per <span class=\"lse\">16<span class=\"_ _5\"></span></span> milioni di <span class=\"_ _5\"></span>euro (<span class=\"ls10\">22</span>,3 <span class=\"_ _5\"></span>milion<span class=\"_ _3\"></span>i di e<span class=\"_ _5\"></span>uro al 31 dicembre 202<span class=\"_ _5\"></span>3). Si se<span class=\"_ _5\"></span>gnala<span class=\"_ _3\"></span>, inoltre, che <span class=\"_ _5\"></span>all\u2019interno <span class=\"_ _5\"></span>della voce <span class=\"_ _5\"></span>\u201cCosti <span class=\"_ _5\"></span>per servizi <span class=\"_ _5\"></span>diversi\u201d s<span class=\"_ _5\"></span>ono iscritti <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>canoni <span class=\"_ _6\"></span><span class=\"ff1\">rel<span class=\"_ _3\"></span>ativi <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>leasing a <span class=\"_ _5\"></span>breve <span class=\"_ _5\"></span>termine e <span class=\"_ _5\"></span>di </span>modesto valore. 5 <span class=\"ls0\"> Costi del per<span class=\"_ _3\"></span>sonale </span>2024 2023 VAR. Salari e stipendi 472,7 455,0 17,7 Oneri sociali 154,2 147,7 6,5 Altri costi 40,6 38,4 2,2 Totale 667,5 641,1 26,4 Il numero medio e puntual<span class=\"_ _3\"></span>e dei dipendenti per periodo,<span class=\"_ _3\"></span> suddiviso per catego<span class=\"_ _3\"></span>rie, \u00e8 il seguente: MEDIO PUNTUALE 2024 2023 VAR. 2024 2023 VAR.<span class=\"_ _75\"> </span> Dirigenti 157 159 (2) 156 158 (2) Quadri 596 591 5 613 593 20<span class=\"ls0\"> </span>Impiegati 5.743 5.616 127 5.785 5.604 181 Operai 3.673 3.644 29<span class=\"ls0\"> </span>3.687 3.610 77<span class=\"ls0\"> </span>Totale 10.168 10.009 159 10.241 9.965 276<span class=\"_ _75\"> </span>Il costo del lavoro m<span class=\"_ _3\"></span>edio pro <span class=\"ff5\">capite nell\u2019anno 202</span>4, in <span class=\"ff5\">incremento risp<span class=\"_ _3\"></span>etto all\u2019esercizio preced<span class=\"_ _3\"></span>ente<span class=\"ff1\">,<span class=\"_ _5\"></span> \u00e8 il seguente: </span></span>MIGLIAIA DI EU<span class=\"_ _3\"></span>RO 2024 2023 VAR. Costo del lavoro m<span class=\"_ _3\"></span>edio pro capite        <span class=\"_ _3\"></span>                     <span class=\"_ _3\"></span>                                  <span class=\"_ _3\"></span>                                      <span class=\"_ _3\"></span>                   65,6 64,0 1,6 L\u2019incremento<span class=\"ff1\"> dei costi del <span class=\"_ _3\"></span>personale <span class=\"ff5\">rispetto all\u2019esercizio p<span class=\"_ _3\"></span>recedente \u00e8 principalme<span class=\"_ _3\"></span>nte riconducibile:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019aumento <span class=\"_ _6\"></span>de<span class=\"ff1\">l <span class=\"_ _6\"></span>numero <span class=\"_ _6\"></span>medio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>dipendenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>forza, <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>acquisizio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>realizzate <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>corso </span></span></span>dell\u2019esercizio <span class=\"ff1\">2024; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alle variazioni retri<span class=\"_ _3\"></span>butive previste dai contratti collettivi nazio<span class=\"_ _3\"></span>nali di lavoro.<span class=\"_ _75\"> </span></span></span>6  Altre spese<span class=\"_ _3\"></span> operative 2024 2023 VAR. Tributi, canoni e im<span class=\"_ _3\"></span>poste diverse da quell<span class=\"_ _3\"></span>e sul reddito 25,2 25,0 0,2 Minusvalenze da c<span class=\"_ _3\"></span>essioni e dismissioni di<span class=\"_ _3\"></span> asset 18,7 16,6 2,1 Canoni verso Enti <span class=\"_ _3\"></span>istituzionali 16,1 15,5 0,6 Altri oneri 37,3 33,2 4,1 Totale 97,3 90,3 7,0 \u201c<span class=\"ff1\">Tributi, <span class=\"_ _d\"> </span>canoni <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>imposte <span class=\"_ _d\"> </span>diverse <span class=\"_ _d\"> </span>da<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>quelle <span class=\"_ _d\"> </span>sul <span class=\"_ _f\"> </span>reddito</span>\u201d<span class=\"ff1 ls1e\">, <span class=\"_ _f\"> </span><span class=\"ls0\">si <span class=\"_ _d\"> </span>riferisc<span class=\"lse\">ono</span> <span class=\"_ _f\"> </span>principalmente <span class=\"_ _e\"> </span>a <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span>su <span class=\"_ _f\"> </span>fabbricati <span class=\"_ _f\"> </span><span class=\"lse\">e </span></span></span>impianti, <span class=\"_ _5\"></span>imposte di bollo <span class=\"_ _5\"></span>e r<span class=\"_ _5\"></span>egistro, canone unico p<span class=\"_ _5\"></span>atrimoniale, <span class=\"_ _5\"></span>tassa <span class=\"_ _5\"></span>sui rifiuti, <span class=\"_ _5\"></span>accise e <span class=\"_ _5\"></span>tributi <span class=\"_ _5\"></span>relativi alle <span class=\"_ _5\"></span>discariche gestite.<span class=\"_ _75\"> </span>\u201cMinusvalenze <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>cessioni <span class=\"_ _f\"> </span>e <span class=\"_ _d\"> </span>dismissioni <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>asset\u201d<span class=\"_ _5\"></span><span class=\"ff1 ls1e\">, <span class=\"_ _f\"> </span><span class=\"ls0\">sono <span class=\"_ _f\"> </span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _f\"> </span>riconducibili <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>dismissioni <span class=\"_ _d\"> </span>intervenute </span></span>nell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>impianti, <span class=\"_ _5\"></span>condotte <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>attrezzature <span class=\"_ _7\"></span>relativ<span class=\"lsf\">i <span class=\"_ _5\"></span></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>business <span class=\"_ _7\"></span>gestiti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>rete<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _7\"></span></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _5\"></span>distribuzione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>gas </span>metano e d<span class=\"lsf\">i </span>energia el<span class=\"_ _3\"></span>ettrica, e al trattamento dei rifi<span class=\"_ _3\"></span>uti.  \u201cCanoni <span class=\"_ _6\"></span>verso <span class=\"_ _7\"></span>Enti <span class=\"_ _6\"></span>istituzionali\u201d, <span class=\"_ _6\"></span>corri<span class=\"_ _3\"></span>sposti <span class=\"_ _6\"></span>alle <span class=\"_ _7\"></span>Regioni, <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>consorzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bonific<span class=\"_ _3\"></span>a, <span class=\"_ _6\"></span>enti <span class=\"_ _7\"></span>d\u2019ambito <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>munit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>montane, sono <span class=\"_ _e\"></span>relativi <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>prelievo <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>utilizzo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>acque, <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>copertura <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>manutenzione <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"></span>di opere <span class=\"_ _7\"></span>idrauliche. <span class=\"_ _7\"></span>L<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>voce <span class=\"_ _7\"></span>comprende, <span class=\"_ _7\"></span>inoltre, <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>anoni <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>tutela <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>lle <span class=\"_ _7\"></span>aree <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>salvaguardia <span class=\"_ _7\"></span>idrogeologica <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>comuni montani (come previst<span class=\"_ _3\"></span>o dal Dgr. 933/2012) e i contributi ric<span class=\"_ _3\"></span>onosciuti per il fu<span class=\"_ _3\"></span>nzionamento di Atersir. \u201c<span class=\"ff1\">Altri <span class=\"_ _7\"></span>oneri</span>\u201d <span class=\"_ _7\"></span>comprend<span class=\"ff1\">ono <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ltre <span class=\"_ _5\"></span>fattispecie <span class=\"_ _7\"></span>residuali,<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span>contributi <span class=\"_ _7\"></span>associativi, <span class=\"_ _7\"></span><span class=\"lsf\">in</span>dennit\u00e0 <span class=\"_ _7\"></span>risarcitorie, <span class=\"_ _7\"></span>liberalit\u00e0, </span>sanzioni e penali. <span class=\"ff5\">L\u2019incremento del periodo \u00e8 </span>imputabile principalmente alle penali regolato<span class=\"_ _3\"></span>rie introdotte nel corso del 2024 <span class=\"ff5\">dall\u2019Arera in relazio<span class=\"_ _3\"></span>ne all\u2019attivit\u00e0 di di<span class=\"_ _3\"></span>stribuzione del gas m<span class=\"_ _3\"></span>etano<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>7  Costi capitali<span class=\"_ _3\"></span>zzati 2024 2023 VAR. Incrementi delle im<span class=\"_ _3\"></span>mobilizzazioni per la<span class=\"_ _3\"></span>vori interni 89,3 82,1 7,2 La <span class=\"_ _5\"></span>voce<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>comprende <span class=\"_ _7\"></span>principalme<span class=\"_ _3\"></span>nte <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>manodopera <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>altri <span class=\"_ _7\"></span>oneri <span class=\"_ _5\"></span>(quali <span class=\"_ _5\"></span>materiali <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>gazzino e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>costi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>tilizzo <span class=\"_ _5\"></span>delle attrezzature) di diretta imp<span class=\"_ _3\"></span>utazione alle commesse real<span class=\"_ _3\"></span>izzate internamente<span class=\"_ _3\"></span> dal Gruppo.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "4  Costi per ser<span class=\"_ _3\"></span>vizi 2024 2023 VAR. Vettoriamento e st<span class=\"_ _3\"></span>occaggio 1.982,1 1.221,2 760,9 Servizi di trasporto, s<span class=\"_ _3\"></span>maltimento e racc<span class=\"_ _3\"></span>olta rifiuti 580,1 560,4 19,7 Spese per lavori e <span class=\"_ _3\"></span>manutenzioni 548,3 1.252,0 (703,7) Servizi tecnici 116,6 161,9 (45,3) Servizi informati<span class=\"_ _3\"></span>vi ed elaborazione dati 94,9 83,3 11,6 Canoni corrisposti <span class=\"_ _3\"></span>a enti locali 72,5 64,3 8,2 Prestazioni professio<span class=\"_ _3\"></span>nali 64,5 56,6 7,9 Costi per servizi di<span class=\"_ _3\"></span>versi 265,9 256,2 9,7 Totale 3.724,9 3.655,9 69,0 \u201cVettoriamento e sto<span class=\"_ _3\"></span>ccaggio\u201d, comprendono i c<span class=\"_ _3\"></span>osti<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"ls10\">di</span> trasporto <span class=\"_ _3\"></span>e stoccaggio del gas e q<span class=\"_ _3\"></span>uelli di distribuzione del gas e </span>dell\u2019energia <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span>lettrica <span class=\"_ _6\"></span>comprensivi <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>oneri <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>sistema.<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _e\"> </span></span>Quest\u2019ultimi, <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>particolare, <span class=\"_ _e\"> </span>rappres<span class=\"_ _3\"></span>entano <span class=\"_ _d\"> </span><span class=\"ff1\">componenti <span class=\"_ _e\"></span>di </span>costo addebitate<span class=\"_ _5\"></span> ai <span class=\"_ _5\"></span>clienti <span class=\"_ _5\"></span>finali e <span class=\"_ _5\"></span>quindi sostanzialmente invarianti sui <span class=\"_ _5\"></span>risultati del <span class=\"_ _5\"></span>Gruppo.<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>La variazione <span class=\"_ _5\"></span>rispetto allo scorso esercizio \u00e8 principalme<span class=\"_ _3\"></span>nte attribuibile: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 ls10\">ai<span class=\"ls0\"> <span class=\"_ _5\"></span>maggiori <span class=\"_ _5\"></span>oneri <span class=\"_ _5\"></span></span>di<span class=\"ls0\"> <span class=\"_ _5\"></span>sistema <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span></span>ai<span class=\"ls0\"> <span class=\"_ _5\"></span>business <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span><span class=\"lse\">gas</span> <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">dell\u2019energia</span> <span class=\"_ _5\"></span>elettrica, <span class=\"_ _5\"></span><span class=\"ls23\">in</span> <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>conclusione <span class=\"_ _5\"></span>degli </span></span></span>effetti delle disposizioni normative c<span class=\"_ _5\"></span>he negli esercizi precedenti, per <span class=\"_ _5\"></span>far fronte alla cr<span class=\"_ _5\"></span>isi energetica, erano arrivati a determinare <span class=\"lsf\">la</span> loro rid<span class=\"_ _3\"></span>uzione o annullamento; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _5\"></span>maggiori costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>distribuzione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">d<span class=\"_ _5\"></span>ell\u2019energia elettrica <span class=\"_ _5\"></span>principalmen<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>attribuibili all\u2019aumento dei <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>venduti<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"lse\">e </span></span></span></span></span>della clientela servita; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>stoccaggio <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>trasporto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>gas <span class=\"_ _e\"></span>metano <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _e\"> </span>sia <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>volumi <span class=\"_ _6\"></span>gestiti <span class=\"_ _6\"></span>direttamente </span></span>sulle cabine Remi sia alle minori tariffe <span class=\"ff5\">d<span class=\"_ _3\"></span>ell\u2019esercizio 2024 <span class=\"ff1\">addebitate d<span class=\"_ _3\"></span>al trasportatore nazional<span class=\"_ _3\"></span>e. </span></span>\u201cServizi <span class=\"_ _5\"></span>di trasporto, <span class=\"_ _5\"></span>smaltimento e <span class=\"_ _5\"></span>raccolta <span class=\"_ _5\"></span>rifiuti\u201d comprendono pr<span class=\"_ _5\"></span>incipalmente i <span class=\"_ _5\"></span>costi operativi r<span class=\"_ _5\"></span>elativi alle <span class=\"_ _5\"></span>attivit\u00e0 d<span class=\"_ _5\"></span>i<span class=\"_ _7\"></span><span class=\"ff1\"> </span>igiene urbana e trattam<span class=\"_ _3\"></span>ento rifiuti. La variazione rispetto <span class=\"ff5\">all\u2019</span>esercizio precede<span class=\"_ _3\"></span>nte \u00e8 riconducibile principalmente: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019attivazione di <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>integrativi e <span class=\"_ _5\"></span>progetti finalizzati a<span class=\"_ _5\"></span>ll\u2019ottenimento di u<span class=\"_ _5\"></span>na maggiore <span class=\"_ _5\"></span>raccolta differenziata<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>che </span></span></span>comportano anche <span class=\"ff5\">un incr<span class=\"_ _3\"></span>emento dei ricavi dell\u2019es<span class=\"_ _3\"></span>ercizio<span class=\"ff1\">;<span class=\"_ _75\"> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _5\"></span>maggiori costi di <span class=\"_ _5\"></span>trasporto <span class=\"_ _5\"></span>e trattamento <span class=\"_ _5\"></span>rifiuti, dovuti <span class=\"_ _5\"></span>sia ai <span class=\"_ _5\"></span>maggiori volumi sia <span class=\"_ _5\"></span>a<span class=\"ff5 lsf\">ll\u2019</span>incremento dei <span class=\"_ _5\"></span>costi unitari </span></span>del servizio. Si <span class=\"_ _6\"></span>se<span class=\"_ _5\"></span>gnala <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>accoglie <span class=\"_ _e\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>sostenuti <span class=\"_ _e\"></span>nel <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>orso <span class=\"_ _6\"></span><span class=\"ff5\">dell\u2019esercizio <span class=\"_ _6\"> </span></span>precedente <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>l<span class=\"_ _3\"></span>e attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>trasporto, <span class=\"_ _5\"></span>stoccaggio <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>trattamento <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>rifiuti <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>all\u2019emergenza <span class=\"_ _5\"></span>alluvionale<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>maggio <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>ha </span>interessato parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>territori nei <span class=\"_ _5\"></span>quali il <span class=\"_ _5\"></span>Gruppo \u00e8 <span class=\"_ _5\"></span>gestore <span class=\"_ _5\"></span>dei serv<span class=\"_ _5\"></span>izi di <span class=\"_ _5\"></span>pubblica utilit\u00e0<span class=\"_ _7\"></span>, <span class=\"_ _5\"></span>evento che<span class=\"_ _5\"></span> ha <span class=\"_ _5\"></span>determinato la necessit\u00e0 di gestire <span class=\"_ _3\"></span>una considerevole qua<span class=\"_ _3\"></span>ntit\u00e0 di rifiuti di natura<span class=\"_ _3\"></span> non ordinaria<span class=\"_ _5\"></span>. \u201cSpese <span class=\"_ _8\"> </span>per <span class=\"_ _2\"> </span>lavori <span class=\"_ _8\"> </span>e <span class=\"_ _2\"> </span>manutenzioni\u201d <span class=\"_ _8\"> </span>si <span class=\"_ _2\"> </span>riferiscono <span class=\"_ _2\"> </span><span class=\"ff1\">p<span class=\"_ _5\"></span>rincipalmente <span class=\"_ _8\"> </span>ai <span class=\"_ _2\"> </span>costi <span class=\"_ _8\"> </span>sostenuti <span class=\"_ _8\"> </span>p<span class=\"_ _5\"></span>er <span class=\"_ _8\"> </span>la <span class=\"_ _2\"> </span>costruzione, <span class=\"_ _8\"> </span>o <span class=\"_ _2\"> </span>il </span>miglioramento, <span class=\"_ _10\"> </span>delle <span class=\"_ _10\"> </span>infrastrutture <span class=\"_ _10\"> </span>detenute <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>concessione, <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>applicazione <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>modello <span class=\"_ _10\"> </span>contabile <span class=\"_ _10\"> </span>dell\u2019attivit\u00e0 immateriale <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>revisto <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>servizi <span class=\"_ _f\"> </span>pubblici <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>concessione<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _d\"> </span></span>ai<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>costi <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>manutenzione <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>impianti <span class=\"_ _d\"> </span>gestiti <span class=\"_ _f\"> </span>dal<span class=\"_ _3\"></span> Gruppo <span class=\"_ _8\"> </span><span class=\"ls10\">e <span class=\"_ _10\"> </span></span>ai <span class=\"_ _8\"> </span>costi <span class=\"_ _10\"> </span>per <span class=\"_ _8\"> </span>la <span class=\"_ _10\"> </span>r<span class=\"_ _5\"></span>ealizzazione <span class=\"_ _10\"> </span>degli <span class=\"_ _8\"> </span>interv<span class=\"_ _3\"></span>enti <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>efficientamento <span class=\"_ _8\"> </span>energ<span class=\"_ _3\"></span>etico<span class=\"_ _7\"></span>. <span class=\"_ _8\"> </span>La <span class=\"_ _10\"> </span>variazione <span class=\"_ _8\"> </span>rispetto<span class=\"_ _3\"></span> all\u2019esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>princi<span class=\"_ _3\"></span>palmente <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"> </span><span class=\"ff1\">alle <span class=\"_ _6\"></span>minori <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>effici<span class=\"_ _3\"></span>entamento <span class=\"_ _7\"></span>energetico <span class=\"_ _7\"></span>svolt<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>sugli <span class=\"_ _7\"></span>edifici </span>per <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>ia <span class=\"_ _e\"></span>delle <span class=\"_ _6\"></span>modifiche <span class=\"_ _e\"></span>normative <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span>hanno <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>fatto <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>liminato<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>possibilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>effettuare <span class=\"_ _e\"></span>lo <span class=\"_ _6\"></span>sconto <span class=\"_ _e\"> </span>in <span class=\"_ _e\"></span>fattura <span class=\"_ _e\"></span>o <span class=\"_ _6\"></span>la cessione del credito.  \u201cServizi <span class=\"_ _5\"></span>tecnici\u201d, <span class=\"_ _5\"></span>comprendono <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>sostenuti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>volgimento <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>pratiche <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di efficientamento <span class=\"_ _5\"></span>energetico <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>condo<span class=\"_ _5\"></span>mini <span class=\"_ _7\"></span><span class=\"ff5\">e <span class=\"_ _5\"></span>all\u2019attivit\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>installazione <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>impianti <span class=\"_ _5\"></span>fotovoltaici <span class=\"_ _5\"></span>realizzati <span class=\"_ _5\"></span>presso <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>lienti<span class=\"_ _3\"></span> </span>finali <span class=\"_ _e\"></span>del <span class=\"_ _d\"> </span>Gruppo. <span class=\"_ _d\"> </span>Anche <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>questo <span class=\"_ _d\"> </span>caso <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ecremento <span class=\"_ _6\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>dovuto <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>le <span class=\"_ _e\"></span>minori <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>efficientamento <span class=\"_ _e\"></span>energetico svolte sugli edifici. \u201cServizi <span class=\"_ _8\"> </span>inf<span class=\"_ _3\"></span>ormativi <span class=\"_ _8\"> </span>ed <span class=\"_ _10\"> </span>elaborazione <span class=\"_ _10\"> </span>dati\u201d <span class=\"_ _8\"> </span>comprendo<span class=\"_ _3\"></span>no <span class=\"_ _8\"> </span>i <span class=\"_ _10\"> </span>costi <span class=\"_ _8\"> </span>operativi <span class=\"_ _10\"> </span>per <span class=\"_ _8\"> </span>la <span class=\"_ _10\"> </span>manutenzione <span class=\"_ _10\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _8\"> </span>l<span class=\"_ _3\"></span>a <span class=\"_ _8\"> </span>gestione<span class=\"_ _3\"></span> dell\u2019infrastruttura <span class=\"_ _5\"></span>informatica <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>telecomunicazio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo, <span class=\"_ _7\"></span>oltre <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span><span class=\"ff1\">per <span class=\"_ _6\"></span>gli <span class=\"_ _5\"></span>applicativi <span class=\"_ _7\"></span>aziendali <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>istemi <span class=\"_ _7\"></span>di </span>cyber security. \u201cCanoni <span class=\"_ _5\"></span>corrisposti a <span class=\"_ _5\"></span>enti locali\u201d <span class=\"_ _5\"></span>comprendono, tra <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>altri, <span class=\"_ _5\"></span>oneri sostenuti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019utilizzo delle reti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>propriet\u00e0 pubblic<span class=\"_ _6\"></span><span class=\"ff1 ls22\">a </span>e canoni <span class=\"_ _5\"></span>corrisposti alle societ\u00e0 degli asset <span class=\"_ _5\"></span>per la <span class=\"_ _5\"></span>gestione dei beni del <span class=\"_ _5\"></span>ciclo<span class=\"_ _7\"></span> idrico, gas <span class=\"_ _5\"></span>ed elettrico. Accolgono in v<span class=\"_ _5\"></span>ia residuale <span class=\"_ _d\"> </span>canoni <span class=\"_ _f\"> </span>corrisposti <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>l\u2019uso <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>reti <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>telecomunicazion<span class=\"_ _5\"></span><span class=\"ff1\">e <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>teleriscald<span class=\"_ _3\"></span>amento. <span class=\"_ _f\"> </span>La <span class=\"_ _d\"> </span>variazione <span class=\"_ _f\"> </span>rispetto </span>all\u2019esercizio <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>recedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"></span><span class=\"ff1\">principalmente <span class=\"_ _7\"></span></span>all\u2019incremento <span class=\"_ _5\"></span>dei <span class=\"_ _6\"></span>cano<span class=\"_ _3\"></span>ni <span class=\"_ _7\"></span>dovuti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>alcun<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>concessioni <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>al business ciclo idrico.<span class=\"_ _75\"> </span>\u201cPrestazioni <span class=\"_ _6\"></span>professio<span class=\"_ _3\"></span>nali\u201d <span class=\"_ _6\"></span>comprendono <span class=\"_ _6\"></span>oneri<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>natura <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ommerciale,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>legale, <span class=\"_ _6\"></span>notarile<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>amministrativa<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>e </span>tributaria. <span class=\"_ _5\"></span>Sono <span class=\"_ _5\"></span>inclusi in<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>questa voce <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>compensi <span class=\"_ _5\"></span>corrisposti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>revisione di<span class=\"_ _5\"></span> b<span class=\"_ _5\"></span>ilancio e <span class=\"_ _5\"></span>l\u2019e<span class=\"_ _5\"></span>mission<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>attestazioni.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>La <span class=\"_ _8\"> </span>variazione <span class=\"_ _8\"> </span>rispet<span class=\"_ _3\"></span>to <span class=\"_ _8\"> </span>all\u2019esercizio <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>recedente<span class=\"ff1\"> <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>dovuta <span class=\"_ _8\"> </span>principalmente <span class=\"_ _8\"> </span></span>all\u2019aumento <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>ei <span class=\"_ _8\"> </span>costi <span class=\"_ _8\"> </span>della <span class=\"_ _8\"> </span>ge<span class=\"_ _3\"></span>stione documentale <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>erivanti <span class=\"_ _10\"> </span>dall\u2019applicazione <span class=\"_ _10\"> </span>dello <span class=\"_ _10\"> </span>sconto <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>fattura <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>b<span class=\"_ _5\"></span>usiness <span class=\"_ _10\"> </span>dell\u2019efficientamento<span class=\"_ _3\"></span> energetico <span class=\"_ _4\"> </span>dei <span class=\"_ _10\"> </span>condomini, <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _8\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>articolare <span class=\"_ _4\"> </span>alla <span class=\"_ _10\"> </span>conclusione <span class=\"_ _4\"> </span>delle <span class=\"_ _4\"> </span>pratiche <span class=\"_ _10\"> </span>amministrativ<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>dei <span class=\"_ _4\"> </span>lavori<span class=\"_ _5\"></span> superbonus 110% effettu<span class=\"_ _3\"></span>ati nel corso dell\u2019<span class=\"_ _3\"></span>esercizio 2023<span class=\"ff1\">. </span>\u201cCosti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>diversi\u201d <span class=\"_ _5\"></span>comprendono <span class=\"_ _5\"></span>tutti <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>altri <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>indicati <span class=\"_ _5\"></span>nelle <span class=\"_ _5\"></span>categorie <span class=\"_ _5\"></span>sopra <span class=\"_ _5\"></span>riportate.<span class=\"_ _6\"></span><span class=\"ff1\"> Tale </span>voce <span class=\"_ _e\"></span>accoglie <span class=\"_ _6\"></span>anche <span class=\"_ _e\"> </span>provvigioni <span class=\"_ _e\"> </span>e <span class=\"_ _e\"></span>altri <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>elativi <span class=\"_ _e\"></span>ad <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>genti <span class=\"_ _6\"></span>per <span class=\"_ _d\"> </span>35,6 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _e\"></span>(39,2 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>31 dicembre 2023) e <span class=\"_ _5\"></span>commissioni bancarie per <span class=\"lse\">16<span class=\"_ _5\"></span></span> milioni di <span class=\"_ _5\"></span>euro (<span class=\"ls10\">22</span>,3 <span class=\"_ _5\"></span>milion<span class=\"_ _3\"></span>i di e<span class=\"_ _5\"></span>uro al 31 dicembre 202<span class=\"_ _5\"></span>3). Si se<span class=\"_ _5\"></span>gnala<span class=\"_ _3\"></span>, inoltre, che <span class=\"_ _5\"></span>all\u2019interno <span class=\"_ _5\"></span>della voce <span class=\"_ _5\"></span>\u201cCosti <span class=\"_ _5\"></span>per servizi <span class=\"_ _5\"></span>diversi\u201d s<span class=\"_ _5\"></span>ono iscritti <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>canoni <span class=\"_ _6\"></span><span class=\"ff1\">rel<span class=\"_ _3\"></span>ativi <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>leasing a <span class=\"_ _5\"></span>breve <span class=\"_ _5\"></span>termine e <span class=\"_ _5\"></span>di </span>modesto valore.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "5 <span class=\"ls0\"> Costi del per<span class=\"_ _3\"></span>sonale </span>2024 2023 VAR. Salari e stipendi 472,7 455,0 17,7 Oneri sociali 154,2 147,7 6,5 Altri costi 40,6 38,4 2,2 Totale 667,5 641,1 26,4 Il numero medio e puntual<span class=\"_ _3\"></span>e dei dipendenti per periodo,<span class=\"_ _3\"></span> suddiviso per catego<span class=\"_ _3\"></span>rie, \u00e8 il seguente: MEDIO PUNTUALE 2024 2023 VAR. 2024 2023 VAR.<span class=\"_ _75\"> </span> Dirigenti 157 159 (2) 156 158 (2) Quadri 596 591 5 613 593 20<span class=\"ls0\"> </span>Impiegati 5.743 5.616 127 5.785 5.604 181 Operai 3.673 3.644 29<span class=\"ls0\"> </span>3.687 3.610 77<span class=\"ls0\"> </span>Totale 10.168 10.009 159 10.241 9.965 276<span class=\"_ _75\"> </span> <div class=\"c w2 h0 gsf0\"><div class=\"t m0 x1b h3 y1608 ff1 fs1 fc1 sc0 ls0 ws0\">Il costo del lavoro m<span class=\"_ _3\"></span>edio pro <span class=\"ff5\">capite nell\u2019anno 202</span>4, in <span class=\"ff5\">incremento risp<span class=\"_ _3\"></span>etto all\u2019esercizio preced<span class=\"_ _3\"></span>ente<span class=\"ff1\">,<span class=\"_ _5\"></span> \u00e8 il seguente: </span></span></div><div class=\"t m0 x1b h3 y1c23 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2bb h91 gsf1\"><div class=\"t m0 x0 h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">MIGLIAIA DI EU<span class=\"_ _3\"></span>RO </div></div><div class=\"c w2bc h91 gsf2\"><div class=\"t m0 x4b h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h91 gsf3\"><div class=\"t m0 x7 h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w2bd h91 gsf4\"><div class=\"t m0 x2 h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h8f gsf5\"><div class=\"t m0 x0 hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">Costo del lavoro m<span class=\"_ _3\"></span>edio pro capite        <span class=\"_ _3\"></span>                     <span class=\"_ _3\"></span>                                  <span class=\"_ _3\"></span>                                      <span class=\"_ _3\"></span>                   </div></div><div class=\"c w111 h8f gsf6\"><div class=\"t m0 x4b hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">65,6 </div></div><div class=\"c w112 h8f gsf7\"><div class=\"t m0 x4b hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">64,0 </div></div><div class=\"c w2bd h8f gsf8\"><div class=\"t m0 x54 hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">1,6 </div></div><div class=\"c w2 h0 gsf0\"><div class=\"t m0 x1b h3 ye35 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019incremento<span class=\"ff1\"> dei costi del <span class=\"_ _3\"></span>personale <span class=\"ff5\">rispetto all\u2019esercizio p<span class=\"_ _3\"></span>recedente \u00e8 principalme<span class=\"_ _3\"></span>nte riconducibile:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span></div><div class=\"t m0 x1b h5a y1c24 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019aumento <span class=\"_ _6\"></span>de<span class=\"ff1\">l <span class=\"_ _6\"></span>numero <span class=\"_ _6\"></span>medio <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>dipendenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>forza, <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>acquisizio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>realizzate <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>corso </span></span></span></div><div class=\"t m0 x59 h3 y1825 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019esercizio <span class=\"ff1\">2024; </span></div><div class=\"t m0 x1b h5a y1c25 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alle variazioni retri<span class=\"_ _3\"></span>butive previste dai contratti collettivi nazio<span class=\"_ _3\"></span>nali di lavoro.<span class=\"_ _75\"> </span></span></span><span class=\"ff1\"><span class=\"fs1 fc1\"> </span></span></div><div class=\"t m0 x1b h3 y1c0c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y1c26 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-44": {
   "value": "Il numero medio e puntual<span class=\"_ _3\"></span>e dei dipendenti per periodo,<span class=\"_ _3\"></span> suddiviso per catego<span class=\"_ _3\"></span>rie, \u00e8 il seguente: MEDIO PUNTUALE 2024 2023 VAR. 2024 2023 VAR.<span class=\"_ _75\"> </span>Dirigenti 157 159 (2) 156 158 (2) Quadri 596 591 5 613 593 20<span class=\"ls0\"> </span>Impiegati 5.743 5.616 127 5.785 5.604 181 Operai 3.673 3.644 29<span class=\"ls0\"> </span>3.687 3.610 77<span class=\"ls0\"> </span>Totale 10.168 10.009 159 10.241 9.965 276<span class=\"_ _75\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-45": {
   "value": "6  Altre spese<span class=\"_ _3\"></span> operative 2024 2023 VAR. Tributi, canoni e im<span class=\"_ _3\"></span>poste diverse da quell<span class=\"_ _3\"></span>e sul reddito 25,2 25,0 0,2 Minusvalenze da c<span class=\"_ _3\"></span>essioni e dismissioni di<span class=\"_ _3\"></span> asset 18,7 16,6 2,1 Canoni verso Enti <span class=\"_ _3\"></span>istituzionali 16,1 15,5 0,6 Altri oneri 37,3 33,2 4,1 Totale 97,3 90,3 7,0 \u201c<span class=\"ff1\">Tributi, <span class=\"_ _d\"> </span>canoni <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>imposte <span class=\"_ _d\"> </span>diverse <span class=\"_ _d\"> </span>da<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>quelle <span class=\"_ _d\"> </span>sul <span class=\"_ _f\"> </span>reddito</span>\u201d<span class=\"ff1 ls1e\">, <span class=\"_ _f\"> </span><span class=\"ls0\">si <span class=\"_ _d\"> </span>riferisc<span class=\"lse\">ono</span> <span class=\"_ _f\"> </span>principalmente <span class=\"_ _e\"> </span>a <span class=\"_ _f\"> </span>imposte <span class=\"_ _d\"> </span>su <span class=\"_ _f\"> </span>fabbricati <span class=\"_ _f\"> </span><span class=\"lse\">e </span></span></span>impianti, <span class=\"_ _5\"></span>imposte di bollo <span class=\"_ _5\"></span>e r<span class=\"_ _5\"></span>egistro, canone unico p<span class=\"_ _5\"></span>atrimoniale, <span class=\"_ _5\"></span>tassa <span class=\"_ _5\"></span>sui rifiuti, <span class=\"_ _5\"></span>accise e <span class=\"_ _5\"></span>tributi <span class=\"_ _5\"></span>relativi alle <span class=\"_ _5\"></span>discariche gestite.<span class=\"_ _75\"> </span> \u201cMinusvalenze <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>cessioni <span class=\"_ _f\"> </span>e <span class=\"_ _d\"> </span>dismissioni <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>asset\u201d<span class=\"_ _5\"></span><span class=\"ff1 ls1e\">, <span class=\"_ _f\"> </span><span class=\"ls0\">sono <span class=\"_ _f\"> </span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _f\"> </span>riconducibili <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>dismissioni <span class=\"_ _d\"> </span>intervenute </span></span>nell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>impianti, <span class=\"_ _5\"></span>condotte <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>attrezzature <span class=\"_ _7\"></span>relativ<span class=\"lsf\">i <span class=\"_ _5\"></span></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>business <span class=\"_ _7\"></span>gestiti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>rete<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _7\"></span></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _5\"></span>distribuzione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>gas </span>metano e d<span class=\"lsf\">i </span>energia el<span class=\"_ _3\"></span>ettrica, e al trattamento dei rifi<span class=\"_ _3\"></span>uti.  \u201cCanoni <span class=\"_ _6\"></span>verso <span class=\"_ _7\"></span>Enti <span class=\"_ _6\"></span>istituzionali\u201d, <span class=\"_ _6\"></span>corri<span class=\"_ _3\"></span>sposti <span class=\"_ _6\"></span>alle <span class=\"_ _7\"></span>Regioni, <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>consorzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bonific<span class=\"_ _3\"></span>a, <span class=\"_ _6\"></span>enti <span class=\"_ _7\"></span>d\u2019ambito <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>munit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>montane, sono <span class=\"_ _e\"></span>relativi <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>prelievo <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>utilizzo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>acque, <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>copertura <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>manutenzione <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"></span>di opere <span class=\"_ _7\"></span>idrauliche. <span class=\"_ _7\"></span>L<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>voce <span class=\"_ _7\"></span>comprende, <span class=\"_ _7\"></span>inoltre, <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>anoni <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>tutela <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>lle <span class=\"_ _7\"></span>aree <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>salvaguardia <span class=\"_ _7\"></span>idrogeologica <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>comuni montani (come previst<span class=\"_ _3\"></span>o dal Dgr. 933/2012) e i contributi ric<span class=\"_ _3\"></span>onosciuti per il fu<span class=\"_ _3\"></span>nzionamento di Atersir. \u201c<span class=\"ff1\">Altri <span class=\"_ _7\"></span>oneri</span>\u201d <span class=\"_ _7\"></span>comprend<span class=\"ff1\">ono <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ltre <span class=\"_ _5\"></span>fattispecie <span class=\"_ _7\"></span>residuali,<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span>contributi <span class=\"_ _7\"></span>associativi, <span class=\"_ _7\"></span><span class=\"lsf\">in</span>dennit\u00e0 <span class=\"_ _7\"></span>risarcitorie, <span class=\"_ _7\"></span>liberalit\u00e0, </span>sanzioni e penali. <span class=\"ff5\">L\u2019incremento del periodo \u00e8 </span>imputabile principalmente alle penali regolato<span class=\"_ _3\"></span>rie introdotte nel corso del 2024 <span class=\"ff5\">dall\u2019Arera in relazio<span class=\"_ _3\"></span>ne all\u2019attivit\u00e0 di di<span class=\"_ _3\"></span>stribuzione del gas m<span class=\"_ _3\"></span>etano<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "<div class=\"c w2 h0 gs118\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">8  Ammortamen<span class=\"_ _3\"></span>ti accantonam<span class=\"_ _3\"></span>enti e svalutaz<span class=\"_ _3\"></span>ioni </div><div class=\"t m0 x1b h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs119\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h3c gs11a\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h3c gs11b\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs11c\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Ammortamenti e sv<span class=\"_ _3\"></span>alutazioni </div></div><div class=\"c w111 h3c gs11d\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">563,4 </div></div><div class=\"c w112 h3c gs11e\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">526,2 </div></div><div class=\"c w111 h3c gs11f\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">37,2 </div></div><div class=\"c w113 h3c gs120\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Accantonamenti nett<span class=\"_ _3\"></span>i </div></div><div class=\"c w111 h3c gs121\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">194,3 </div></div><div class=\"c w112 h3c gs122\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">227,5 </div></div><div class=\"c w111 h3c gs123\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(33,2) </div></div><div class=\"c w113 h3c gs124\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs125\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">757,7 </div></div><div class=\"c w112 h3c gs126\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">753,7 </div></div><div class=\"c w111 h3c gs127\"><div class=\"t m0 xc6 h13 y5c7 ff2 fs3 fcb sc0 ls0 ws0\">4,0 </div></div>Di seguito il dettaglio<span class=\"_ _3\"></span> della voce \u201cAmmortam<span class=\"_ _3\"></span>enti e svalutazioni\u201d:<span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Ammortamenti<span class=\"_ _3\"></span> 21, 22, 23 562,4 519,3 43,1 Svalutazioni 21, 22, 23 1,0 6,9 (5,9) Totale 563,4 526,2 37,2 Gli ammortamenti si ri<span class=\"_ _3\"></span>feriscono alle immobilizzazioni materia<span class=\"_ _3\"></span>li, <span class=\"_ _5\"></span>a<span class=\"ff5\">i diritti d\u2019uso <span class=\"_ _3\"></span>e <span class=\"ff1\">alle attivit\u00e0 immateriali. </span></span>Le svalutazioni s<span class=\"ls23\">i <span class=\"_ _5\"></span></span>riferiscono principalmente a progetti per i quali il <span class=\"_ _5\"></span>management del Gruppo ha va<span class=\"_ _5\"></span>lutato siano venute meno le condizioni di r<span class=\"_ _3\"></span>ecuperabilit\u00e0 dei costi <span class=\"_ _3\"></span>sostenuti<span class=\"_ _5\"></span>. Di seguito il dettaglio<span class=\"_ _3\"></span> della voce \u201cAccanton<span class=\"_ _3\"></span>amenti netti\u201d:<span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Accantonamenti a fo<span class=\"_ _3\"></span>ndo svalutazione <span class=\"_ _3\"></span>crediti 33<span class=\"ls0\"> </span>122,9 158,0 (35,1) Accantonamenti a fo<span class=\"_ _3\"></span>ndi 31<span class=\"ls0\"> </span>73,9 85,7 (11,8) Disaccantonamenti<span class=\"_ _3\"></span> 31, 33 (2,5) (16,2) 13,7 Totale 194,3 227,5 (33,2) Gli <span class=\"_ _6\"></span>accantonamenti <span class=\"_ _7\"></span>comprendono <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>adegu<span class=\"_ _3\"></span>amenti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore <span class=\"_ _7\"></span>del <span class=\"_ _d\"> </span>fondo <span class=\"_ _6\"></span>svalutazion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>accantonamenti <span class=\"_ _6\"></span>ai fondi. I disaccantonamenti com<span class=\"_ _3\"></span>prendono riaccertamenti di fondi per<span class=\"_ _3\"></span> il venir meno del risc<span class=\"_ _3\"></span>hio sottostante.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "8  Ammortamen<span class=\"_ _3\"></span>ti accantonam<span class=\"_ _3\"></span>enti e svalutaz<span class=\"_ _3\"></span>ioni 2024 2023 VAR. Ammortamenti e sv<span class=\"_ _3\"></span>alutazioni 563,4 526,2 37,2 Accantonamenti nett<span class=\"_ _3\"></span>i 194,3 227,5 (33,2) Totale 757,7 753,7 4,0 Di seguito il dettaglio<span class=\"_ _3\"></span> della voce \u201cAmmortam<span class=\"_ _3\"></span>enti e svalutazioni\u201d:<span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Ammortamenti<span class=\"_ _3\"></span> 21, 22, 23 562,4 519,3 43,1 Svalutazioni 21, 22, 23 1,0 6,9 (5,9) Totale 563,4 526,2 37,2 Gli ammortamenti si ri<span class=\"_ _3\"></span>feriscono alle immobilizzazioni materia<span class=\"_ _3\"></span>li, <span class=\"_ _5\"></span>a<span class=\"ff5\">i diritti d\u2019uso <span class=\"_ _3\"></span>e <span class=\"ff1\">alle attivit\u00e0 immateriali. </span></span>Le svalutazioni s<span class=\"ls23\">i <span class=\"_ _5\"></span></span>riferiscono principalmente a progetti per i quali il <span class=\"_ _5\"></span>management del Gruppo ha va<span class=\"_ _5\"></span>lutato siano venute meno le condizioni di r<span class=\"_ _3\"></span>ecuperabilit\u00e0 dei costi <span class=\"_ _3\"></span>sostenuti<span class=\"_ _5\"></span>. Di seguito il dettaglio<span class=\"_ _3\"></span> della voce \u201cAccanton<span class=\"_ _3\"></span>amenti netti\u201d:<span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Accantonamenti a fo<span class=\"_ _3\"></span>ndo svalutazione <span class=\"_ _3\"></span>crediti 33<span class=\"ls0\"> </span>122,9 158,0 (35,1) Accantonamenti a fo<span class=\"_ _3\"></span>ndi 31<span class=\"ls0\"> </span>73,9 85,7 (11,8) Disaccantonamenti<span class=\"_ _3\"></span> 31, 33 (2,5) (16,2) 13,7 Totale 194,3 227,5 (33,2) Gli <span class=\"_ _6\"></span>accantonamenti <span class=\"_ _7\"></span>comprendono <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>adegu<span class=\"_ _3\"></span>amenti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore <span class=\"_ _7\"></span>del <span class=\"_ _d\"> </span>fondo <span class=\"_ _6\"></span>svalutazion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>accantonamenti <span class=\"_ _6\"></span>ai fondi. I disaccantonamenti com<span class=\"_ _3\"></span>prendono riaccertamenti di fondi per<span class=\"_ _3\"></span> il venir meno del risc<span class=\"_ _3\"></span>hio sottostante.<span class=\"_ _75\"> </span>31  Fondi<span class=\"ls0\"> </span>VALORE INIZIA<span class=\"_ _3\"></span>LEACCANTONAMEN<span class=\"_ _3\"></span>TIONERI FINANZI<span class=\"_ _3\"></span>ARIUTILIZZIALTRI MOVIME<span class=\"_ _3\"></span>NTIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOVALORE FINAL<span class=\"_ _3\"></span>E31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Fondo ripristino <span class=\"_ _3\"></span>beni di terzi 217,9 6,4 4,4 \u2010<span class=\"ff4\"> </span>0,1 \u2010<span class=\"ff4\"> </span>228,8 Fondo spese chius<span class=\"_ _3\"></span>ura e post chiusura discariche 186,3 6,6 0,3 (12,0) 3,9 \u2010<span class=\"ff4\"> </span>185,1 Fondo cause legali e <span class=\"_ _3\"></span>contenzioso del personale 10,9 8,1 \u2010<span class=\"ff4\"> </span>(3,0) (1,0) \u2010<span class=\"ff4\"> </span>15,0 Fondo smaltimento rif<span class=\"_ _3\"></span>iuti 9,7 8,3 \u2010<span class=\"ff4\"> </span>(9,4) (0,1) \u2010<span class=\"ff4\"> </span>8,5 Fondo smantellam<span class=\"_ _3\"></span>ento impianti 6,1 0,1 0,1 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>6,3 Altri fondi 134,7 59,0 \u2010<span class=\"ff4\"> </span>(3,3) (16,5) 0,2 174,1 Totale 565,6 88,5 4,8 (27,7) (13,6) 0,2 617,8 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span>Fondo ripristino beni di <span class=\"_ _3\"></span>terzi 228,8 6,4 5,2 \u2010<span class=\"ff4\"> </span>(0,1) \u2010<span class=\"ff4\"> </span>240,3 Fondo spese chius<span class=\"_ _3\"></span>ura e post chiusura discariche 185,1 10,5 18,6 (13,4) 9,4 \u2010<span class=\"ff4\"> </span>210,2 Fondo cause legali e <span class=\"_ _3\"></span>contenzioso del personale 15,0 2,8 \u2010<span class=\"ff4\"> </span>(2,7) (0,3) \u2010<span class=\"ff4\"> </span>14,8 Fondo smaltimento rif<span class=\"_ _3\"></span>iuti 8,5 8,5 \u2010<span class=\"ff4\"> </span>(8,2) (0,2) 1,0 9,6 Fondo smantellam<span class=\"_ _3\"></span>ento impianti 6,3 \u2010<span class=\"ff4\"> </span>0,2 \u2010<span class=\"ff4\"> </span>0,2 \u2010<span class=\"ff4\"> </span>6,7 Altri fondi 174,1 48,1 \u2010<span class=\"ff4\"> </span>(10,6) (3,0) 2,9 211,5 Totale 617,8 76,3 24,0 (34,9) 6,0 3,9 693,1 \u201cFondo <span class=\"_ _5\"></span>ripristino <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>terzi\u201d<span class=\"ff3\"> <span class=\"_ _7\"></span><span class=\"ff1\">include <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>anziamenti <span class=\"_ _5\"></span>effettuati<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>relazione <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>vincoli <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>contrattuali <span class=\"_ _7\"></span>gravanti<span class=\"_ _3\"></span> </span></span>sulle <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>qualit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>utilizzatrici <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>re<span class=\"_ _5\"></span>ti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>distribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>propr<span class=\"_ _7\"></span>iet\u00e0 <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>asset. <span class=\"_ _6\"></span>Gli<span class=\"_ _3\"></span> stanziamenti <span class=\"_ _7\"></span>vengono <span class=\"_ _6\"></span>effettuati <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>aliquote <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>ammortamen<span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>economico<span class=\"_ _5\"></span>-tecniche <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>itenut<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>rappresentative<span class=\"_ _3\"></span> della residua possibilit\u00e0 di utilizzo dei cespiti al <span class=\"_ _5\"></span>fine di indennizzare le societ\u00e0 proprietarie dell\u2019effettivo deperimento <span class=\"_ _7\"></span><span class=\"ff1 lse\">e </span>consumo <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>beni <span class=\"_ _7\"></span>utilizzati <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>l\u2019attivit\u00e0 <span class=\"_ _7\"></span>d\u2019impresa. <span class=\"_ _6\"></span><span class=\"ff1\">Nel <span class=\"_ _5\"></span>caso <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>regime <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>concessione <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>sia <span class=\"_ _5\"></span>ancora <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>uno <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>di </span>proroga in a<span class=\"_ _5\"></span>ttesa della f<span class=\"_ _5\"></span>issazione delle gare d\u2019ambito, <span class=\"_ _5\"></span>il<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>fondo riflette il <span class=\"_ _5\"></span>valore attuale degli <span class=\"_ _5\"></span>esborsi che <span class=\"_ _5\"></span>si andranno <span class=\"_ _5\"></span>a </span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>periodi <span class=\"_ _6\"></span>futuri<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>(generalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>llo <span class=\"_ _6\"></span>scadere <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>elle <span class=\"_ _6\"></span>conven<span class=\"_ _3\"></span>zioni <span class=\"_ _6\"></span>sottoscritte <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>autorit\u00e0 <span class=\"_ _6\"></span>d\u2019ambito<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per quanto <span class=\"_ _7\"></span>concerne <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zio <span class=\"_ _7\"></span>idrico <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>allo <span class=\"_ _5\"></span>scadere <span class=\"_ _6\"></span>del <span class=\"_ _5\"></span>periodo <span class=\"_ _6\"></span>transitori<span class=\"_ _3\"></span>o <span class=\"_ _7\"></span>previsto <span class=\"_ _6\"></span>dal<span class=\"_ _3\"></span>la <span class=\"_ _7\"></span>vigente <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>qua<span class=\"_ _3\"></span>nto concerne <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>dis<span class=\"_ _3\"></span>tribuzione <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>gas). <span class=\"_ _6\"></span>Gli <span class=\"_ _6\"></span>incrementi <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>costit<span class=\"_ _3\"></span>uiti <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ommatoria <span class=\"_ _7\"></span>tra <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>stanziamenti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i<span class=\"_ _3\"></span> competenza <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>periodo, <span class=\"_ _f\"> </span>anche  q<span class=\"_ _3\"></span>uesti <span class=\"_ _f\"> </span>attualizzati, <span class=\"_ _f\"> </span>e  gl<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _f\"> </span>che  rifl<span class=\"_ _3\"></span>ettono <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>componente<span class=\"_ _7\"></span>  deri<span class=\"_ _3\"></span>vante dall\u2019attualizzazione <span class=\"_ _7\"></span><span class=\"ff1\">dei <span class=\"_ _7\"></span>flussi. <span class=\"_ _7\"></span>Si <span class=\"_ _7\"></span>precisa <span class=\"_ _7\"></span>che, <span class=\"_ _7\"></span>essendo <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>aggior <span class=\"_ _7\"></span>parte <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>concessioni <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>uno <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>proroga, <span class=\"_ _7\"></span>il </span>processo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>attualizzazione <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>conseguenti <span class=\"_ _6\"></span>oner<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>finanziari <span class=\"_ _e\"></span>si <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>iferiscono <span class=\"_ _6\"></span>esclusivamente <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>concessioni <span class=\"_ _e\"></span>ancora pienamente in vigore. \u201cF<span class=\"ff1 ls0\">ondo spese <span class=\"_ _5\"></span>chiusura e post <span class=\"_ _5\"></span>chiusura <span class=\"_ _5\"></span><span class=\"ff5\">discariche\u201d rappresenta quanto <span class=\"_ _5\"></span>stanziato per far <span class=\"_ _5\"></span>fronte ai <span class=\"_ _5\"></span>costi che <span class=\"_ _5\"></span>dovranno </span></span>essere s<span class=\"_ _5\"></span>ostenuti per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>gestione del <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>di c<span class=\"_ _5\"></span>hiusura e <span class=\"_ _5\"></span>post <span class=\"_ _5\"></span>chiusura delle <span class=\"_ _5\"></span>discariche <span class=\"_ _5\"></span>attualmente in <span class=\"_ _5\"></span>gestione. <span class=\"_ _5\"></span>Gli esborsi <span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>turi, <span class=\"_ _5\"></span>desunti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>iscarica <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>una <span class=\"_ _5\"></span>specifica <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>erizia <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>stima, <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>stati <span class=\"_ _7\"></span>attualizzati. <span class=\"_ _5\"></span>Gli <span class=\"_ _7\"></span>incrementi del fondo <span class=\"_ _5\"></span>iscritti a conto economico comprendono <span class=\"_ _5\"></span>la componente finanziaria desunta dal <span class=\"_ _5\"></span>processo di attualizzazione e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>accantonamenti <span class=\"_ _5\"></span>dovuti <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>modifiche <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>sugli <span class=\"_ _7\"></span>esborsi <span class=\"_ _5\"></span>futuri <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>seguito <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>revisione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>perizie <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>stima sulle discariche esaurit<span class=\"_ _3\"></span>e.  Gli <span class=\"_ _d\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _e\"> </span>si <span class=\"_ _f\"> </span><span class=\"lsf\">in</span>crementano <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ignificativament<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _e\"> </span>al <span class=\"_ _f\"> </span>precedente <span class=\"_ _e\"> </span>esercizio <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte  per <span class=\"_ _d\"> </span>effetto da<span class=\"ff5\">ll\u2019aggiornamento dei parametri utilizzati <span class=\"_ _5\"></span>per riflettere le <span class=\"_ _5\"></span>attuali condizioni <span class=\"_ _5\"></span>di mercato<span class=\"_ _7\"></span></span>. <span class=\"_ _5\"></span>A tal p<span class=\"_ _5\"></span>roposito si <span class=\"_ _5\"></span>segnala <span class=\"_ _5\"></span><span class=\"ls12\">che </span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023 <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>rivisitazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i a<span class=\"_ _5\"></span>ttualizzazion<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>aveva <span class=\"_ _7\"></span>compor<span class=\"_ _5\"></span>tato <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>decremento <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>attuale con <span class=\"_ _5\"></span>conseguente <span class=\"_ _5\"></span>riduzione significativa d<span class=\"_ _5\"></span>egli oneri <span class=\"_ _7\"></span>tale <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>compensare <span class=\"_ _5\"></span>quasi <span class=\"_ _5\"></span>interamente <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019effetto finanziario <span class=\"_ _5\"></span>dovuto </span>al passare del tempo. Gli utilizzi rappres<span class=\"_ _3\"></span>entano gli esborsi effettivi <span class=\"_ _3\"></span>che si sono determi<span class=\"_ _3\"></span>nati nell\u2019anno<span class=\"_ _5\"></span><span class=\"ff1\">, mentre vengono </span>classificati come \u201cAlt<span class=\"_ _3\"></span>ri movimenti\u201d<span class=\"ff1\"> <span class=\"_ _5\"></span>principalmente le <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>delle s<span class=\"_ _5\"></span>time dei <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>chiusura e <span class=\"_ _5\"></span>post <span class=\"_ _5\"></span>chiusura <span class=\"_ _5\"></span>relativi alle <span class=\"_ _5\"></span>discariche attive, </span>che <span class=\"_ _5\"></span>comportano <span class=\"_ _7\"></span>l\u2019iscrizione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ettifica <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>uguale <span class=\"_ _7\"></span>ammontare <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>valore <span class=\"_ _7\"></span>de<span class=\"_ _7\"></span><span class=\"ff1\">gli <span class=\"_ _5\"></span>impianti <span class=\"_ _7\"></span>(asset <span class=\"_ _5\"></span>discarica), <span class=\"_ _5\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,4 </span>milioni di euro per l\u2019es<span class=\"_ _3\"></span>ercizio 202<span class=\"ff1\">4. </span>\u201cFondo <span class=\"_ _5\"></span>cause <span class=\"_ _5\"></span>legali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>enzioso d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>personale\u201d <span class=\"_ _5\"></span>riflette<span class=\"ff1\"> <span class=\"_ _5\"></span></span>le<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>valutazioni sull\u2019esito <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>cause <span class=\"_ _7\"></span>legali e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>contenzioso promosso dal personal<span class=\"_ _3\"></span>e dipendente.<span class=\"_ _75\"> </span>\u201cFondo <span class=\"_ _5\"></span>smaltimento <span class=\"_ _5\"></span>rifiuti\u201d<span class=\"ff1\"> <span class=\"_ _7\"></span>rappresenta <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>stima <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>smaltimento <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>rifiuti <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>stoccati <span class=\"_ _5\"></span>presso <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>impianti <span class=\"_ _5\"></span>del </span>Gruppo. <span class=\"_ _f\"> </span>Gli <span class=\"_ _d\"> </span>accantonamenti <span class=\"_ _f\"> </span>riflettono <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>costi <span class=\"_ _f\"> </span>stimati <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span><span class=\"ff5\">er <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>conferimenti <span class=\"_ _d\"> </span>dell\u2019anno <span class=\"_ _d\"> </span>2<span class=\"_ _5\"></span>02</span>4 <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>ancora <span class=\"_ _f\"> </span>processati <span class=\"_ _d\"> </span>al termine dell\u2019esercizio,<span class=\"ff1\"> <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>gli utilizzi<span class=\"_ _5\"></span> </span>rappresentano i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>sostenuti nel c<span class=\"_ _5\"></span>orso dell\u2019esercizio per<span class=\"_ _5\"></span> la <span class=\"_ _5\"></span>lavorazione dei rifiuti residui stoccati al 3<span class=\"_ _3\"></span>1 dicembre 2023. \u201cFondo <span class=\"_ _5\"></span>smantellamento <span class=\"_ _7\"></span>impianti\u201d<span class=\"ff1\"> <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>appresenta <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>stanziato <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>far <span class=\"_ _7\"></span>fronte <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>futuri <span class=\"_ _7\"></span>lavori <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>smantellamento <span class=\"_ _5\"></span>degli </span>impianti <span class=\"ff5\">laddove ne ricor<span class=\"_ _3\"></span>ra l\u2019obbligo<span class=\"ff1\">. </span></span>\u201cAltri <span class=\"_ _d\"> </span>fondi\u201d<span class=\"ff1\"> <span class=\"_ _d\"> </span>accolgono <span class=\"_ _d\"> </span>stanziamenti <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>ronte <span class=\"_ _e\"> </span>di <span class=\"_ _f\"> </span>rischi <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>var<span class=\"_ _5\"></span>ia <span class=\"_ _d\"> </span>natura. <span class=\"_ _d\"> </span>Di <span class=\"_ _d\"> </span>seguito <span class=\"_ _d\"> </span>si  riport<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>una <span class=\"_ _d\"> </span>descrizione <span class=\"_ _d\"> </span>delle </span>principali voci: PASSIVIT\u00c0 TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>MLN/EURO Rischi derivanti dall\u2019atti<span class=\"_ _1\"></span>v<span class=\"_ _5\"></span>it\u00e0 di efficientam<span class=\"_ _3\"></span>ento energetico s<span class=\"_ _3\"></span>volta per conto di clienti prev<span class=\"_ _3\"></span>alentemente condomi<span class=\"_ _3\"></span>ni Probabile 18,3 23,8 Mancato riconoscime<span class=\"_ _3\"></span>nto degli oneri re<span class=\"_ _3\"></span>ndicontati nei mercati <span class=\"_ _3\"></span>energy regolamentati Probabile 15,8 \u2010<span class=\"ff4\"> </span>Garanzia sull\u2019espo<span class=\"_ _3\"></span>sizione finanziaria c<span class=\"_ _3\"></span>oncessa da Acega<span class=\"_ _3\"></span>sApsAmga Spa nell\u2019ipotesi <span class=\"_ _3\"></span>di abbandono delle attivit<span class=\"_ _3\"></span>\u00e0 che fanno prin<span class=\"_ _3\"></span>cipalmente capo alla controllat<span class=\"_ _3\"></span>a estera AresGa<span class=\"_ _3\"></span>s (Bulgaria) Potenziale 11,3 11,3 Rischio di mancato rist<span class=\"_ _3\"></span>oro da parte delle <span class=\"_ _3\"></span>Agenzia delle dogan<span class=\"_ _3\"></span>e in relazione alle addi<span class=\"_ _3\"></span>zionali sull'energia <span class=\"_ _3\"></span>elettrica rimborsate agli <span class=\"_ _3\"></span>utenti finali Probabile 10,3 9,0 Rischio contezio<span class=\"_ _3\"></span>si con Autorit\u00e0 garant<span class=\"_ _3\"></span>e Probabile 10,0 \u2010<span class=\"ff4\"> </span>Mancato riconoscime<span class=\"_ _3\"></span>nto del maggior c<span class=\"_ _3\"></span>osto dell\u2019energia el<span class=\"_ _3\"></span>ettrica utilizzata nello s<span class=\"_ _3\"></span>volgimento del servizi<span class=\"_ _3\"></span>o idrico nell\u2019anno 20<span class=\"_ _3\"></span>22 per superamento del li<span class=\"_ _3\"></span>mite massimo ammi<span class=\"_ _3\"></span>ssibile previsto dal <span class=\"_ _3\"></span>sistema tariffario Probabile 9,3 9,3 Mancato riconoscime<span class=\"_ _3\"></span>nto della quota d<span class=\"_ _3\"></span>ei certificati verdi degli im<span class=\"_ _3\"></span>pianti di cogenerazione c<span class=\"_ _3\"></span>alcolato sul differen<span class=\"_ _3\"></span>ziale dei servizi ausiliari derivanti dal totale <span class=\"_ _3\"></span>autoconsumo e <span class=\"_ _3\"></span>quelli stimati in base all<span class=\"_ _3\"></span>a percentuale da be<span class=\"_ _3\"></span>nchmark Probabile 8,9 14,0 Oneri per futuri interv<span class=\"_ _3\"></span>enti sugli <span class=\"ffb\">impianti coi<span class=\"_ _3\"></span>nvolti nell\u2019evento </span>alluvionale 2023 cop<span class=\"_ _3\"></span>erti da rimborsi as<span class=\"_ _3\"></span>sicurativi gi\u00e0 incassati Probabile 8,9 - Le  passivit\u00e0  classificate  come  potenziali  sono  s<span class=\"_ _5\"></span>tate  rilevate  in  sede  di  business <span class=\"_ _4\"> </span>combination  nell\u2019esercizio  di riferimento <span class=\"ff5\">dell\u2019operazio<span class=\"_ _3\"></span>ne.<span class=\"ff1\"> </span></span>Gli  a<span class=\"_ _5\"></span>ccantonamenti  <span class=\"ff5\">relativi  agli <span class=\"_ _4\"> </span>\u201cAltri <span class=\"_ _4\"> </span>fondi\u201d<span class=\"_ _5\"></span></span>,  pari <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>48,1  milioni  d<span class=\"_ _5\"></span>i  euro, <span class=\"_ _10\"> </span>presentano  una  di<span class=\"_ _5\"></span>minuzione  rispetto all\u2019esercizio prece<span class=\"_ _3\"></span>dente principalmente a fro<span class=\"_ _3\"></span>nte<span class=\"_ _5\"></span><span class=\"ff1\"> di: </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">significativa riduzione de<span class=\"ff5\">ll<span class=\"_ _5\"></span>\u2019attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>di efficientamento energ<span class=\"ff1\">e<span class=\"_ _5\"></span>tico degli edifici e <span class=\"_ _5\"></span>conseguenti rischiosit\u00e0, specie con </span></span></span></span>le imprese appaltatri<span class=\"_ _3\"></span>ci<span class=\"_ _5\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">decremento <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>accanto<span class=\"_ _3\"></span>namenti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>decomissioni<span class=\"_ _5\"></span>ng <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>trattamento, <span class=\"_ _6\"></span>gi\u00e0 <span class=\"_ _6\"></span>ampiamente </span></span>appostati al 31 dic<span class=\"_ _3\"></span>embre 2023; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">valutazione <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _7\"></span>2024 <span class=\"_ _6\"></span><span class=\"lse\">de</span>l <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>ischio <span class=\"_ _7\"></span>derivante <span class=\"_ _7\"></span>dalla <span class=\"_ _6\"></span>delibera <span class=\"_ _7\"></span>Arera <span class=\"_ _7\"></span><span class=\"lse\">n.<span class=\"_ _5\"></span></span>388 <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _7\"></span>relazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>clie<span class=\"_ _3\"></span>ntela <span class=\"_ _6\"></span>de<span class=\"_ _3\"></span>l </span></span>mercato salvaguardia non di<span class=\"_ _3\"></span>salimentabile da considerare ammi<span class=\"_ _3\"></span>ssibile nelle proce<span class=\"_ _3\"></span>dure di rendicontazi<span class=\"_ _3\"></span>one<span class=\"_ _5\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">valutazione <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _e\"></span>probabile <span class=\"_ _6\"></span>contestazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>del<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019Autorit\u00e0</span> </span></span>garante della privacy. Le <span class=\"_ _5\"></span>\u201cVariazioni dell<span class=\"_ _5\"></span>\u2019area di <span class=\"_ _5\"></span>consolidamento\u201d <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fondi <span class=\"_ _7\"></span><span class=\"ff1\">relativi a <span class=\"_ _7\"></span>societ\u00e0 e <span class=\"_ _5\"></span>rami <span class=\"_ _5\"></span>aziendali<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>controllo \u00e8 <span class=\"_ _5\"></span>stato </span>acquisito nel corso d<span class=\"_ _3\"></span>ell\u2019esercizio 2024, come riportato alla nota 2<span class=\"_ _3\"></span>.02.10 \u201cAltre informazi<span class=\"_ _3\"></span>oni\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Per una disamina dei f<span class=\"_ _3\"></span>ondi iscritti per cont<span class=\"_ _3\"></span>enziosi fiscali si riman<span class=\"_ _3\"></span>da <span class=\"_ _5\"></span><span class=\"ff5\">alla nota 12 \u201c</span>Imposte<span class=\"ff5 ls13\">\u201d.</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "9  Proventi fina<span class=\"_ _3\"></span>nziari  2024 2023 VAR. Attualizzazione <span class=\"_ _3\"></span>crediti efficientamento en<span class=\"_ _3\"></span>ergetico 51,5 7,8 43,7 Proventi da valuta<span class=\"_ _3\"></span>zione a fair value di <span class=\"_ _3\"></span>attivit\u00e0 e passivit\u00e0 fina<span class=\"_ _3\"></span>nziarie 50,6 46,9 3,7 Clienti 29,5 47,8 (18,3) Proventi da derivati<span class=\"_ _3\"></span> 26,6 5,1 21,5 Interessi bancari<span class=\"_ _3\"></span> 23,7 27,4 (3,7) Altri proventi finanziari<span class=\"_ _3\"></span> 20,6 22,1 (1,5) Totale 202,5 157,1 45,4 \u201c<span class=\"ff1\">Attualizzazione <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>efficientamento <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>nergetico</span><span class=\"lsd\">\u201d,</span><span class=\"ff1\"> <span class=\"_ _7\"></span>rappresenta <span class=\"_ _7\"></span></span>l\u2019effetto <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>costo <span class=\"_ _6\"></span>amm<span class=\"_ _3\"></span>ortizzato <span class=\"_ _7\"></span>dei crediti fiscali derivanti dall\u2019applicazione dello sconto in fattura per <span class=\"_ _7\"></span><span class=\"ff1\">attivit\u00e0 di r<span class=\"_ _5\"></span>iqualificazion<span class=\"_ _3\"></span>e di c<span class=\"_ _5\"></span>ondomini destinati alla </span>compensazione <span class=\"_ _10\"> </span>all\u2019interno <span class=\"_ _8\"> </span>del <span class=\"_ _10\"> </span>Gruppo <span class=\"_ _8\"> </span>grazie <span class=\"_ _10\"> </span>all\u2019utilizzo <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>ropria <span class=\"_ _10\"> </span>capacit\u00e0 <span class=\"_ _8\"> </span>fiscale<span class=\"_ _5\"></span><span class=\"ff1\">, <span class=\"_ _8\"> </span>relativi <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>rincipalment<span class=\"_ _1\"></span>e </span>all\u2019agevolazione <span class=\"_ _d\"> </span>superbonus <span class=\"_ _d\"> </span>110%. <span class=\"_ _f\"> </span>La <span class=\"_ _d\"> </span>significativa <span class=\"_ _f\"> </span>variazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _4\"> </span><span class=\"ff1\">riflette <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>maggior </span>volume di crediti pre<span class=\"_ _3\"></span>senti sui cassetti fis<span class=\"_ _3\"></span>cali al termine dell\u2019ese<span class=\"_ _3\"></span>rcizio<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>rispetto <span class=\"_ _3\"></span>al<span class=\"ff5\">l\u2019anno 2023</span>. </span><div class=\"c w2 h0 gs129\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cProventi da valutazi<span class=\"_ _3\"></span>one a fair value di atti<span class=\"_ _3\"></span>vit\u00e0 e passivit\u00e0 finan<span class=\"_ _3\"></span>ziarie\u201d, la voce si compo<span class=\"_ _3\"></span>ne delle seguenti fattisp<span class=\"_ _3\"></span>ecie:<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w3b h3c gs12a\"><div class=\"t m0 x92 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">NOTE </div></div><div class=\"c w3c h3c gs12b\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w3b h3c gs12c\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w3d h3c gs12d\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w61 h3c gs12e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi poten<span class=\"_ _3\"></span>ziali </div></div><div class=\"c w3b h3c gs12f\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">19<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gs130\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">50,6 </div></div><div class=\"c w3b h3c gs131\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">31,3 </div></div><div class=\"c w3d h3c gs132\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">19,3 </div></div><div class=\"c w61 h3c gs133\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Prestiti obbligazion<span class=\"_ _3\"></span>ari </div></div><div class=\"c w3b h3c gs134\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">29<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gs135\"><div class=\"t m0 xc6 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w3b h3c gs136\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">15,6 </div></div><div class=\"c w3d h3c gs137\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(15,6) </div></div><div class=\"c w61 h3c gs138\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w3c h3c gs139\"><div class=\"t m0 x91 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">50,6 </div></div><div class=\"c w3b h3c gs13a\"><div class=\"t m0 x91 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">46,9 </div></div><div class=\"c w3d h3c gs13b\"><div class=\"t m0 x7 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">3,7 </div></div><div class=\"c w2 h0 gs129\"><div class=\"t m0 x23 h3 y11b6 ff1 fs1 fc1 sc0 ls0 ws0\">Opzioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>vendi<span class=\"_ _3\"></span>ta <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>corrispett<span class=\"_ _3\"></span>ivi <span class=\"_ _7\"></span>potenziali<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">rapprese<span class=\"_ _3\"></span>ntano <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>ffetti <span class=\"_ _7\"></span>positivi <span class=\"_ _7\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019aggiornamento <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>stime </span></div><div class=\"t m0 x23 h3 y1c3d ff1 fs1 fc1 sc0 ls0 ws0\">delle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>iscritte <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>bilancio <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>esercizi <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>recedenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>straordinar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizione.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Il </div><div class=\"t m0 x23 h3 y1bd5 ff1 fs1 fc1 sc0 ls0 ws0\">valore al 31 dicembre 2024 si riferisce, per 47,8 <span class=\"_ _5\"></span>milioni di euro, alla valutazione agg<span class=\"_ _3\"></span>iornata <span class=\"ff5\">d<span class=\"_ _5\"></span>el debito per l\u2019opzio<span class=\"_ _3\"></span>ne di </span></div><div class=\"t m0 x23 h3 y1246 ff5 fs1 fc1 sc0 ls0 ws0\">vendita <span class=\"_ _7\"></span>detenuta <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _7\"></span>Spa <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>partecipazione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>Es<span class=\"_ _3\"></span>tEnergy <span class=\"_ _7\"></span>Spa, <span class=\"_ _7\"></span>tenuto <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>dell\u2019<span class=\"_ _7\"></span><span class=\"ff1\">a<span class=\"_ _5\"></span>ccordo </span></div><div class=\"t m0 x23 h3 y53 ff5 fs1 fc1 sc0 ls0 ws0\">tra le parti per l\u2019<span class=\"ff1\">esercizio della q<span class=\"_ _3\"></span>uota residua del 2<span class=\"ls10\">5%</span>. </span></div><div class=\"t m0 x23 h3 y1c3e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 ye20 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cClienti\u201d, <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>ccolgono <span class=\"_ _6\"></span>principalmente <span class=\"_ _e\"> </span>interessi <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>mora <span class=\"_ _e\"> </span>attribuibili <span class=\"_ _6\"> </span>a<span class=\"_ _7\"></span><span class=\"ff1\">i <span class=\"_ _e\"> </span>business <span class=\"_ _e\"> </span>di <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"></span>gas <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>energia <span class=\"_ _e\"></span>elettrica, <span class=\"_ _e\"></span>in </span></div><div class=\"t m0 x23 h3 y1c3f ff5 fs1 fc1 sc0 ls0 ws0\">particolare <span class=\"_ _f\"> </span>salvaguardia. <span class=\"_ _f\"> </span>Quest\u2019ultimo  <span class=\"ff1\">mer<span class=\"_ _3\"></span>cato, <span class=\"_ _f\"> </span>in  par<span class=\"_ _3\"></span>ticolare,  ha <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>videnziato <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>na <span class=\"_ _f\"> </span>contrazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>volumi <span class=\"_ _f\"> </span>e  del<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y1c40 ff5 fs1 fc1 sc0 ls0 ws0\">fatturato <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024<span class=\"_ _5\"></span>. <span class=\"_ _7\"></span>Nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2023 <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>voce <span class=\"_ _7\"></span>accoglieva<span class=\"_ _5\"></span><span class=\"ff1 ls16\">, <span class=\"_ _5\"></span><span class=\"ls0\">inoltre, <span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>teressi <span class=\"_ _5\"></span>applicati <span class=\"_ _5\"></span>ai </span></span></div><div class=\"t m0 x23 h3 y1c41 ff1 fs1 fc1 sc0 ls0 ws0\">clienti per <span class=\"_ _5\"></span>i cosiddetti interventi <span class=\"_ _5\"></span>trainati legati ai lavori<span class=\"_ _5\"></span> di e<span class=\"_ _5\"></span>fficientament<span class=\"_ _3\"></span>o energetico <span class=\"_ _5\"></span>in relazione al superbonus 110%<span class=\"_ _5\"></span><span class=\"ls1e\">,<span class=\"_ _75\"> </span></span><span class=\"ls1e\"> </span></div><div class=\"t m0 x23 h3 y14bb ff5 fs1 fc1 sc0 ls0 ws0\">che <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>risultati <span class=\"_ _7\"></span>significativamente <span class=\"_ _5\"></span>inferiori <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>2024 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>via <span class=\"_ _7\"></span>della<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>riduzione <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>legate </span></div><div class=\"t m0 x23 h3 y1352 ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019efficientamento e<span class=\"_ _3\"></span>nergetico dei condomini<span class=\"ff1\">. </span></div><div class=\"t m0 x10a h4e y1c42 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y153e ff5 fs1 fc1 sc0 ls0 ws0\">\u201cProventi <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>derivati\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _7\"></span>valutazione <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>rea<span class=\"_ _5\"></span>lizzo <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>derivati <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>tassi <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ambi<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>e </span></div><div class=\"t m0 x23 h3 y1c43 ff1 fs1 fc1 sc0 ls0 ws0\">opportunamente dettag<span class=\"_ _3\"></span>liato nella nota <span class=\"ff5\">29 \u201cStrumenti deriv<span class=\"_ _3\"></span>ati\u201d.<span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h3 y12b1 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1c44 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cInteressi <span class=\"_ _5\"></span>bancari\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>roventi <span class=\"_ _5\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019impiego <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>breve <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>liquidit\u00e0<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>disponibile <span class=\"_ _7\"></span>sui <span class=\"_ _7\"></span>conti <span class=\"_ _7\"></span>correnti <span class=\"_ _7\"></span>del </span></div><div class=\"t m0 x23 h3 y1c45 ff1 fs1 fc1 sc0 ls0 ws0\">Gruppo. <span class=\"_ _7\"></span><span class=\"ff5\">La <span class=\"_ _6\"></span>variazione <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>diminuzio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>degli <span class=\"_ _7\"></span>interessi <span class=\"_ _7\"></span>attivi <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>all\u2019esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>dovuta <span class=\"_ _7\"></span>principalmente </span></div><div class=\"t m0 x23 h3 y1c46 ff1 fs1 fc1 sc0 ls0 ws0\">alla <span class=\"_ _f\"> </span>diminuzione <span class=\"_ _f\"> </span>delle  giacen<span class=\"_ _3\"></span>ze  m<span class=\"_ _3\"></span>edie <span class=\"_ _f\"> </span>remunerate<span class=\"_ _5\"></span>,  pa<span class=\"_ _3\"></span>rzialmente  c<span class=\"_ _3\"></span>ompensata  d<span class=\"_ _3\"></span>a  u<span class=\"_ _3\"></span>n  a<span class=\"_ _3\"></span>umento <span class=\"_ _f\"> </span>del  tasso <span class=\"_ _f\"> </span>medio </div><div class=\"t m0 x23 h3 y15df ff1 fs1 fc1 sc0 ls0 ws0\">applicato alle giacen<span class=\"_ _3\"></span>ze. </div><div class=\"t m0 x23 h3 y1c47 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1c48 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltri proventi finanzi<span class=\"_ _3\"></span>ari\u201d, la voce comprende le <span class=\"_ _3\"></span>seguenti fattispecie:<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y1c49 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w3b h3c gs13c\"><div class=\"t m0 x92 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">NOTE </div></div><div class=\"c w3c h3c gs13d\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w3b h3c gs13e\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w3d h3c gs13f\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w61 h3c gs140\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Dividendi </div></div><div class=\"c w3c h3c gs141\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">7,9 </div></div><div class=\"c w3b h3c gs142\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,4 </div></div><div class=\"c w3d h3c gs143\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,5 </div></div><div class=\"c w61 h3c gs144\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attualizzazione <span class=\"_ _3\"></span>crediti finanziari non c<span class=\"_ _3\"></span>orrenti </div></div><div class=\"c w3b h3c gs145\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">18<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gs146\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,8 </div></div><div class=\"c w3b h3c gs147\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,3 </div></div><div class=\"c w3d h3c gs148\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,5 </div></div><div class=\"c w61 h98 gs149\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri </div></div><div class=\"c w3c h98 gs14a\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">5,9 </div></div><div class=\"c w3b h98 gs14b\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">9,4<span class=\"ff12\"> </span></div></div><div class=\"c w3d h98 gs14c\"><div class=\"t m0 x64 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(3,5)<span class=\"ff12\"> </span></div></div><div class=\"c w61 h90 gs14d\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w3c h90 gs14e\"><div class=\"t m0 x91 h13 y66 ff2 fs3 fc1 sc0 ls1 ws0\">20<span class=\"ls52\">,6<span class=\"ls0\"> </span></span></div></div><div class=\"c w3b h90 gs14f\"><div class=\"t m0 x91 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">22,1 </div></div><div class=\"c w3d h90 gs150\"><div class=\"t m0 x64 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">(1,5) </div></div><div class=\"c w2 h0 gs129\"><div class=\"t m0 x23 h5a y1313 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Dividendi <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>quote <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ut<span class=\"_ _5\"></span>ile <span class=\"_ _e\"> </span>distribuit<span class=\"_ _5\"></span>e <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>alle <span class=\"_ _d\"> </span><span class=\"ff5\">societ\u00e0 <span class=\"_ _d\"> </span>classificate <span class=\"_ _d\"> </span>come <span class=\"_ _d\"> </span>\u201cAltre <span class=\"_ _f\"> </span></span>partecipazioni<span class=\"ff5\">\u201d</span>, <span class=\"_ _d\"> </span>in </span></span></div><div class=\"t m0 x63 h3 yeb0 ff1 fs1 fc1 sc0 ls0 ws0\">particolar <span class=\"_ _7\"></span>modo <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>riferiscono <span class=\"_ _7\"></span>all<span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>partecipazioni <span class=\"_ _7\"></span>nelle <span class=\"_ _6\"></span>societ\u00e0<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _6\"></span>Sp<span class=\"_ _3\"></span>a,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Veneta <span class=\"_ _7\"></span>Sanitaria <span class=\"_ _7\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>Calenia </div><div class=\"t m0 x63 h3 y3a1 ff1 fs1 fc1 sc0 ls0 ws0\">Energia Spa; </div><div class=\"t m0 x23 h5a y73f ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Attualizzazione <span class=\"_ _8\"> </span>crediti <span class=\"_ _8\"> </span>finanziari <span class=\"_ _8\"> </span>non <span class=\"_ _8\"> </span>c<span class=\"_ _5\"></span>orrenti <span class=\"_ _8\"> </span>accoglie <span class=\"_ _2\"> </span><span class=\"ff5\">principalmente <span class=\"_ _8\"> </span>l\u2019effetto <span class=\"_ _8\"> </span></span>della <span class=\"_ _8\"> </span>va<span class=\"_ _5\"></span>lutazione <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>costo </span></span></div><div class=\"t m0 x63 h3 y14b0 ff1 fs1 fc1 sc0 ls0 ws0\">ammortizzato <span class=\"_ _f\"> </span>dei  crediti  per  a<span class=\"_ _3\"></span>ttivit\u00e0  di  c<span class=\"_ _3\"></span>ostruzione  e  migli<span class=\"_ _3\"></span>oria  di <span class=\"_ _f\"> </span>asset  iscritti <span class=\"_ _f\"> </span>in  applicazione <span class=\"_ _f\"> </span>del  modello </div><div class=\"t m0 x63 h3 y891 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019attivit\u00e0 finanziari<span class=\"_ _3\"></span>a per servizi pubblici in<span class=\"_ _3\"></span> concessione;<span class=\"_ _75\"> </span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a yc96 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Altri, <span class=\"_ _e\"></span>accoglie <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>particolar <span class=\"_ _e\"> </span>modo <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ipristini <span class=\"_ _6\"></span>di <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>la <span class=\"_ _d\"> </span>quota <span class=\"_ _e\"> </span>parte <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>crediti <span class=\"_ _e\"> </span>finanziari <span class=\"_ _e\"></span>precedentemente </span></span></div><div class=\"t m0 x63 h3 y1be9 ff1 fs1 fc1 sc0 ls0 ws0\">svalutati <span class=\"_ _10\"> </span>nei <span class=\"_ _8\"> </span>confronti <span class=\"_ _10\"> </span>della <span class=\"_ _8\"> </span>societ\u00e0 <span class=\"_ _10\"> </span>collegata <span class=\"_ _8\"> </span>Tamarete <span class=\"_ _10\"> </span>Energia <span class=\"_ _8\"> </span>Srl <span class=\"_ _8\"> </span>ch<span class=\"_ _3\"></span>e <span class=\"_ _8\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _8\"> </span>inc<span class=\"_ _3\"></span>assati <span class=\"_ _8\"> </span>nel<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>corso </div><div class=\"t m0 x63 h3 y1bea ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>2,<span class=\"_ _5\"></span>4 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>provento<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>aggregazione <span class=\"_ _6\"></span></span>derivante <span class=\"_ _5\"></span>dall\u2019acquisizione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>ramo <span class=\"_ _7\"></span>Soeli<span class=\"_ _3\"></span>a </div><div class=\"t m0 x63 h3 y1c4b ff5 fs1 fc1 sc0 ls0 ws0\">per 0,7 milioni di eur<span class=\"_ _3\"></span>o, come riportato al p<span class=\"_ _3\"></span>aragrafo 2.02.10 \u201cAltr<span class=\"_ _3\"></span>e informazioni\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y1beb ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y5f7 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>10  Oneri finan<span class=\"_ _3\"></span>ziari  2024 2023 VAR. Oneri da prestiti <span class=\"_ _3\"></span>obbligazionari e finan<span class=\"_ _3\"></span>ziamenti 119,9 133,9 (14,0) Oneri da factoring <span class=\"_ _3\"></span>e cessione crediti fisc<span class=\"_ _3\"></span>ali 58,2 58,8 (0,6) Valutazione al c<span class=\"_ _3\"></span>osto ammortizzato di pa<span class=\"_ _3\"></span>ssivit\u00e0 finanziarie 30,3 33,5 (3,2) Svalutazione parte<span class=\"_ _3\"></span>cipazioni 27,0 5,9 21,1 Attualizzazione fon<span class=\"_ _3\"></span>di 26,4 7,9 18,5 Oneri da valutazio<span class=\"_ _3\"></span>ne a fair value di atti<span class=\"_ _3\"></span>vit\u00e0 e passivit\u00e0 fina<span class=\"_ _3\"></span>nziarie 16,9 56,5 (39,6) Attualizzazione <span class=\"_ _3\"></span>opzioni e corrispettivi s<span class=\"_ _3\"></span>u partecipazioni 11,6 17,6 (6,0) Oneri da derivati<span class=\"_ _3\"></span> 8,1 23,8 (15,7) Altri oneri finanziari<span class=\"_ _3\"></span> 10,1 7,1 3,0 Totale 308,5<span class=\"fce\"> </span>345,0<span class=\"fce\"> </span>(36,5)<span class=\"fce\"> </span>\u201cOneri da p<span class=\"_ _5\"></span>restiti obbligazionari e finanziamenti\u201d accolgono<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>gli interessi di co<span class=\"_ _5\"></span>mpetenza del periodo relativamente agli </span>strumenti obbligazionar<span class=\"_ _3\"></span>i emessi dalla capogruppo Hera Sp<span class=\"_ _3\"></span>a<span class=\"_ _5\"></span> <span class=\"ls10\">e </span>gli interessi relativi ai finanziame<span class=\"_ _3\"></span>nti erogati dal sistema<span class=\"_ _3\"></span> bancario <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>altri <span class=\"_ _7\"></span>enti <span class=\"_ _6\"></span>finanz<span class=\"_ _3\"></span>iatori. <span class=\"_ _6\"></span><span class=\"ff5\">La <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _6\"></span><span class=\"ff1\">\u00e8 <span class=\"_ _6\"></span>correlat<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>minore <span class=\"_ _7\"></span>fabbisogno </span></span>finanziario, poich\u00e9 <span class=\"_ _5\"></span>gi\u00e0 nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 2023 <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>buone performance del <span class=\"_ _5\"></span>capitale circolante netto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>la maggiore stabilit\u00e0 sui mercati energ<span class=\"_ _3\"></span>etici hanno permesso il rimbor<span class=\"_ _3\"></span>so anticipato di passivit\u00e0 finanzia<span class=\"_ _3\"></span>rie di breve e medio termine che <span class=\"_ _6\"></span>erano <span class=\"_ _6\"></span>state <span class=\"_ _7\"></span>accese <span class=\"_ _6\"></span>nell\u2019esercizio <span class=\"_ _7\"></span>2022, <span class=\"_ _6\"> </span>in <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>contesto <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>assi <span class=\"_ _6\"></span>crescenti, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fronte<span class=\"_ _3\"></span>ggiare <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>esigenze <span class=\"_ _7\"></span>di cassa determinate dall\u2019<span class=\"_ _3\"></span>andamento estremame<span class=\"_ _3\"></span>nte volatile del contesto ma<span class=\"_ _3\"></span>croeconomico<span class=\"_ _5\"></span><span class=\"ff1\">. </span>\u201c<span class=\"ff1\">Oneri da factoring e c<span class=\"_ _3\"></span>essio<span class=\"ff5\">ni crediti fiscali\u201d, la voce si com<span class=\"_ _3\"></span>pone delle seguenti fat<span class=\"_ _3\"></span>tispecie:<span class=\"ff1\"> </span></span></span>NOTE 2024 2023 VAR. Cessione crediti <span class=\"_ _3\"></span>commerciali e altri crediti operativi 44,5 44,8 (0,3) Cessione crediti <span class=\"_ _3\"></span>d'imposta 37<span class=\"ls0\"> </span>13,7 14,0 (0,3) Totale 58,2 58,8 (0,6) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cessione <span class=\"_ _4\"> </span>crediti  c<span class=\"_ _5\"></span>ommerciali  e <span class=\"_ _4\"> </span>altri <span class=\"_ _10\"> </span>credi<span class=\"_ _3\"></span>ti <span class=\"_ _4\"> </span>operativi<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _4\"> </span>sostanzialmente <span class=\"_ _4\"> </span>in <span class=\"_ _4\"> </span>linea <span class=\"_ _4\"> </span>con <span class=\"_ _4\"> </span>l\u2019esercizio <span class=\"_ _4\"> </span>precedente, </span></span></span>accoglie <span class=\"_ _f\"> </span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>operazioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>cessione  r<span class=\"_ _3\"></span>evolving <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"> </span>ai <span class=\"_ _d\"> </span>business energy e ciclo idrico; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cessione  <span class=\"ff5\">crediti  d<span class=\"_ _3\"></span>\u2019imposta  <span class=\"ff1\">accoglie  gli <span class=\"_ _f\"> </span>oneri  realizzati  </span>nell\u2019ambito  del<span class=\"_ _3\"></span>le  operazioni <span class=\"_ _f\"> </span>di  cessione<span class=\"_ _5\"></span><span class=\"ff1\">  al  sis<span class=\"_ _3\"></span>tema </span></span></span></span>bancario <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _4\"> </span>iscritti <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>effetto <span class=\"_ _10\"> </span>de<span class=\"ff5\">ll\u2019applic<span class=\"_ _3\"></span>azione <span class=\"_ _10\"> </span>dello <span class=\"_ _4\"> </span>sconto <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>fattura <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>interventi <span class=\"_ _10\"> </span>di </span>efficientamento energetic<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span> superbonus 110%. Tale effetto \u00e8 compensat<span class=\"_ _3\"></span>o sui risultati di periodo del Gruppo dalla<span class=\"_ _3\"></span> chiusura <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>posizione <span class=\"_ _7\"></span>valutativa <span class=\"_ _7\"></span>iscritta <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>de <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>prima <span class=\"_ _5\"></span>rilevazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>rediti, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>riportato <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>comm<span class=\"_ _3\"></span>ento \u201c<span class=\"ff1\">Oneri da valutazion<span class=\"_ _3\"></span>e a fair value di attivit\u00e0 e<span class=\"_ _3\"></span> passivit\u00e0 finanziari<span class=\"_ _3\"></span>e<span class=\"_ _5\"></span><span class=\"ff5 lsd\">\u201d.</span> </span>\u201cValutazione <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>mmortizz<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>finanziarie\u201d, <span class=\"_ _6\"></span><span class=\"ff1\">accolgo<span class=\"_ _3\"></span>no <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>oneri <span class=\"_ _7\"></span>figurativi <span class=\"_ _7\"></span>necessari <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>ricondurre <span class=\"_ _7\"></span>il </span>costo <span class=\"_ _6\"></span>nomi<span class=\"_ _3\"></span>nale <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>debito <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>quello <span class=\"_ _7\"></span>calcolato <span class=\"_ _6\"></span>second<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _7\"></span>effettivo. <span class=\"_ _6\"></span>Sono <span class=\"_ _7\"></span>classificati <span class=\"_ _7\"></span>in questa voce anche <span class=\"_ _5\"></span>gli oneri fi<span class=\"_ _5\"></span>gurativi per 3,2 <span class=\"_ _5\"></span>milioni di euro, in <span class=\"_ _5\"></span>linea con<span class=\"_ _7\"></span> <span class=\"ff5\">l\u2019esercizio di <span class=\"_ _5\"></span>confronto, relativi all\u2019opzione di </span>vendita detenuta da Ascopiave Spa sulla partecipazi<span class=\"_ _3\"></span>one di minoranza in Hera Comm Spa, contabilmente classificat<span class=\"_ _3\"></span>a come finanziamento (c<span class=\"_ _3\"></span>on valore nominale di 5<span class=\"_ _3\"></span>4 milioni di euro), come riportato alla nota <span class=\"ff5\">19 \u201cPassivit\u00e0 fin<span class=\"_ _3\"></span>anziarie\u201d<span class=\"ff1\">. </span></span>Il<span class=\"ls0\"> decremento del<span class=\"_ _5\"></span> periodo <span class=\"_ _5\"></span><span class=\"lse\">\u00e8 <span class=\"_ _5\"></span></span>da <span class=\"_ _5\"></span>ricondurre principalmente <span class=\"_ _5\"></span><span class=\"ff5\">al rimborso <span class=\"_ _5\"></span>avvenuto nel corso <span class=\"_ _5\"></span>dell\u2019esercizio precedente di </span></span>un finanziamento propedeutico<span class=\"_ _3\"></span> all<span class=\"_ _5\"></span><span class=\"ff5\">\u2019</span>emissione di un Sustainability-linked-bond (effettuata ad aprile 2023) e al rimborso a scadenza di un prestito ob<span class=\"_ _3\"></span>bligazionario (nell<span class=\"_ _3\"></span>a forma di<span class=\"_ _5\"></span> green bond) <span class=\"ff5\">avve<span class=\"_ _3\"></span>nuto nell\u2019esercizio corr<span class=\"_ _3\"></span>ente<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>\u201cS<span class=\"ff1 ls0\">valutazion<span class=\"ff5\">e <span class=\"_ _6\"></span>partecip<span class=\"_ _3\"></span>azioni\u201d, <span class=\"_ _6\"></span><span class=\"ff1\">accoglie <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>effettuate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>sede <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impairment <span class=\"_ _6\"></span>test<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>partecipazioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>si </span></span></span>riferiscono p<span class=\"_ _5\"></span>er 2<span class=\"_ _5\"></span>2,1 milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>partecipazione <span class=\"_ _5\"></span><span class=\"ls23\">in</span> <span class=\"_ _5\"></span>Set <span class=\"_ _5\"></span>Spa, <span class=\"_ _5\"></span>veicolo <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>quale il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>detiene <span class=\"_ _5\"></span>quote di <span class=\"_ _7\"></span>produzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>impianto <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>generazione <span class=\"_ _5\"></span>elettrica<span class=\"_ _5\"></span> <span class=\"_ _7\"></span><span class=\"ls13\">(p</span><span class=\"ff5\">er <span class=\"_ _7\"></span>maggiori <span class=\"_ _5\"></span>dettagli <span class=\"_ _7\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>nota <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7 <span class=\"_ _5\"></span>\u201cImpairment <span class=\"_ _7\"></span>test </span>partecipazioni\u201d<span class=\"ff1\">) <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _6\"></span></span>per <span class=\"_ _6\"></span>4,9 <span class=\"_ _6\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>partecipazione <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>Aimag <span class=\"_ _6\"></span>Spa, <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>multiutility <span class=\"_ _6\"></span>operant<span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>nei <span class=\"_ _6\"></span>servizi </span>idrici, ambientali, en<span class=\"_ _3\"></span>ergetici e di pubblica ill<span class=\"_ _3\"></span>uminazione<span class=\"_ _5\"></span>. \u201cAttualizzazione fondi\u201d,<span class=\"ff1\"> la voce s<span class=\"_ _3\"></span>i compone delle seguenti<span class=\"_ _3\"></span> fattispecie: </span>NOTE 2024 2023 VAR. Post mortem dis<span class=\"_ _3\"></span>cariche 31<span class=\"ls0\"> </span>18,6 0,3 18,3 Ripristino beni di terzi 31<span class=\"ls0\"> </span>5,2 4,4 0,8 Benefici ai dipende<span class=\"_ _3\"></span>nti 30<span class=\"ls0\"> </span>2,4 3,0 (0,6) Smantellamento im<span class=\"_ _3\"></span>pianti 31<span class=\"ls0\"> </span>0,2 0,2 \u2010<span class=\"ff4\"> </span>Totale 26,4 7,9 18,5 Per <span class=\"_ _8\"> </span>l\u2019analisi <span class=\"_ _8\"> </span>della <span class=\"_ _10\"> </span>variazione <span class=\"_ _8\"> </span>degli <span class=\"_ _8\"> </span>oneri <span class=\"_ _8\"> </span>da <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ttualizzazi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>fondi <span class=\"_ _8\"> </span>rispetto <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>confronto, <span class=\"_ _8\"> </span>laddove significativa, si rima<span class=\"_ _3\"></span>nda alle note di comment<span class=\"_ _3\"></span>o delle rispettive vo<span class=\"_ _3\"></span>ci patrimoniali.<span class=\"_ _5\"></span> \u201cOneri da valutazion<span class=\"_ _3\"></span>e a fair value di attivit\u00e0<span class=\"_ _3\"></span> e passivit\u00e0 finanziari<span class=\"_ _3\"></span>e\u201d, la voce si compone<span class=\"_ _3\"></span> delle seguenti fattispe<span class=\"_ _3\"></span>cie:<span class=\"_ _7\"></span><span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Prestiti obbligazion<span class=\"_ _3\"></span>ari 29<span class=\"ls0\"> </span>21,2 \u2010<span class=\"ff12\"> </span>21,2 Opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi poten<span class=\"_ _3\"></span>ziali 19<span class=\"ls0\"> </span>0,7 0,1 0,6 Crediti efficientame<span class=\"_ _3\"></span>nto energetico 37<span class=\"ls0\"> </span>(5,0) 56,4 (61,4) Totale 16,9 56,5 (39,6) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Prestiti <span class=\"_ _5\"></span>obbligazionari <span class=\"_ _7\"></span>rappresenta <span class=\"_ _5\"></span>l<span class=\"ff5\">\u2019effetto <span class=\"_ _5\"></span>delle</span> <span class=\"_ _7\"></span>rettifiche <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutazione, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>applicazione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>copertura <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>fair </span></span>value, <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>prestito <span class=\"_ _5\"></span>obbligazionario <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valuta<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">che <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _5\"></span>rimborsato <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>qual<span class=\"_ _3\"></span>e </span>la relazione \u00e8 risultat<span class=\"_ _3\"></span>a efficace fino alla dat<span class=\"_ _3\"></span>a di scadenza; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">Opzioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>vendita <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>corrispettivi <span class=\"_ _6\"></span>potenziali <span class=\"_ _7\"></span>rappresentano <span class=\"_ _6\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>effetti <span class=\"_ _7\"></span>negativi <span class=\"_ _6\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019aggiornamento <span class=\"_ _7\"></span>delle </span></span>stime  delle  passivit\u00e0  i<span class=\"_ _3\"></span>scritte  a  bilancio  negli  eserc<span class=\"_ _3\"></span>izi  precedenti  in  relazio<span class=\"_ _3\"></span>ne  a  operazioni  straordinarie<span class=\"_ _3\"></span>  di acquisizione societaria; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Crediti <span class=\"_ _10\"> </span>efficientame<span class=\"_ _3\"></span>nto <span class=\"_ _10\"> </span>energetico <span class=\"_ _10\"> </span>sono <span class=\"_ _4\"> </span>relativi <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>valutazio<span class=\"_ _3\"></span>ne <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>valore <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>mercato <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _4\"> </span>correlati </span></span>all\u2019applicazione <span class=\"_ _d\"> </span>dello <span class=\"_ _f\"> </span>sconto <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>attura <span class=\"_ _d\"> </span>ai <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>finali <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>interventi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>efficientam<span class=\"_ _3\"></span>ento <span class=\"_ _f\"> </span>energetico. <span class=\"_ _d\"> </span>La <span class=\"_ _f\"> </span>policy contabile <span class=\"_ _6\"></span>adottata <span class=\"_ _6\"></span>dal <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _6\"></span>prevede <span class=\"_ _e\"> </span>che <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>caso <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>successiva <span class=\"_ _6\"></span>cessione <span class=\"_ _6\"></span>venga <span class=\"_ _6\"></span>rilevato <span class=\"_ _6\"></span>l\u2019onere <span class=\"_ _6\"></span>consuntivo correlato <span class=\"_ _5b\"> </span>all\u2019operazione <span class=\"_ _5b\"> </span>nella <span class=\"_ _1f\"> </span>voce <span class=\"_ _5b\"> </span>\u201cOneri <span class=\"_ _1f\"> </span>da <span class=\"_ _5b\"> </span>factoring <span class=\"_ _1f\"> </span>e <span class=\"_ _5b\"> </span>cessioni <span class=\"_ _1f\"> </span>crediti <span class=\"_ _5b\"> </span>fiscali\u201d, <span class=\"_ _1f\"> </span>procedendo<span class=\"_ _3\"></span> contemporaneamente <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>chiusura <span class=\"_ _6\"></span>della <span class=\"_ _e\"> </span>posizione <span class=\"_ _e\"></span>valutativa <span class=\"_ _6\"></span>aperta<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>precedentemente, <span class=\"_ _e\"> </span>generando <span class=\"_ _e\"></span>un <span class=\"_ _6\"></span>effetto sostanzialmente  c<span class=\"_ _5\"></span>ompensati<span class=\"_ _3\"></span>vo, <span class=\"_ _4\"> </span>mentre <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>caso <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>compensazione <span class=\"_ _4\"> </span>all\u2019interno <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>Gruppo  si <span class=\"_ _10\"> </span>proceda <span class=\"_ _4\"> </span>alla valutazione <span class=\"_ _e\"></span>al <span class=\"_ _e\"> </span>costo <span class=\"_ _d\"> </span>ammortizzato, <span class=\"_ _e\"></span>rilevando <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>corrisponde<span class=\"_ _5\"></span>nte <span class=\"_ _e\"> </span>provento <span class=\"_ _d\"> </span>finanziario <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>virt\u00f9 <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>risparmio <span class=\"_ _e\"> </span>di cassa <span class=\"_ _6\"></span>generato. <span class=\"_ _6\"></span>Nel <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span><span class=\"ff5\">ll\u2019esercizio</span> <span class=\"_ _6\"></span>2024, <span class=\"_ _6\"></span>inoltr<span class=\"_ _3\"></span>e, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>conto <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>fattura<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>assoggettati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valutazion<span class=\"_ _3\"></span>e sono  risultat<span class=\"_ _3\"></span>i  di  im<span class=\"_ _3\"></span>porto  limit<span class=\"_ _3\"></span>ato  rispetto<span class=\"_ _3\"></span>  al<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019esercizio</span> <span class=\"_ _f\"> </span>di  confronto  p<span class=\"_ _3\"></span>er  effetto <span class=\"_ _f\"> </span>delle  normativ<span class=\"_ _3\"></span>e  emanate <span class=\"_ _f\"> </span>dal Governo <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>hanno <span class=\"_ _6\"></span>limitato <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>fattispecie <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>tutto <span class=\"_ _e\"></span>residuali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>suddetto <span class=\"_ _e\"></span>meccanismo<span class=\"_ _5\"></span>, <span class=\"_ _e\"> </span>mentre <span class=\"_ _6\"></span>si <span class=\"_ _e\"></span>sono <span class=\"_ _6\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _6\"></span>i reversal <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>osizioni <span class=\"_ _e\"></span>valutative <span class=\"_ _e\"></span>aperte <span class=\"_ _d\"> </span><span class=\"lse\">ne</span><span class=\"ff5\">ll\u2019esercizio</span> <span class=\"_ _e\"> </span>precedent<span class=\"ls10\">e,</span> <span class=\"_ _e\"></span>a <span class=\"_ _d\"> </span>seguito <span class=\"_ _e\"></span>dalle <span class=\"_ _e\"> </span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>cessione <span class=\"_ _e\"> </span>di crediti d\u2019imposta <span class=\"ff1\">realizzate.<span class=\"_ _3\"></span> </span>\u201c<span class=\"ff1\">Attualizzazione <span class=\"_ _c\"> </span>opzioni <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>corrispettivi <span class=\"_ _c\"> </span>su <span class=\"_ _22\"> </span>partecipazioni</span>\u201d, <span class=\"_ _22\"> </span>accolgono <span class=\"_ _c\"> </span><span class=\"ff1\">principalmente <span class=\"_ _c\"> </span>gli <span class=\"_ _c\"> </span>oneri <span class=\"_ _22\"> </span>figurativi <span class=\"_ _1d\"> </span>da </span>attualizzazione c<span class=\"_ _5\"></span>orrelati alla <span class=\"_ _7\"></span>valutazione a <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>opzioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita <span class=\"_ _7\"></span>riconosciute ai <span class=\"_ _5\"></span>soc<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>minoranza, <span class=\"_ _5\"></span>come riportato alla nota <span class=\"ls10\">19</span> <span class=\"ff5\">\u201cPa<span class=\"_ _3\"></span>ssivit\u00e0 finanziarie\u201d. <span class=\"ff1\"> </span></span>\u201cOneri <span class=\"_ _e\"> </span>da <span class=\"_ _6\"></span>derivati\u201d <span class=\"_ _e\"> </span>accolgono <span class=\"_ _6\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _e\"> </span>sia <span class=\"_ _e\"> </span>della <span class=\"_ _6\"> </span>valutazione <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>del <span class=\"_ _6\"> </span>realizzo <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>derivati <span class=\"_ _6\"> </span>su <span class=\"_ _e\"> </span>tassi <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>cambi, <span class=\"_ _6\"> </span>co<span class=\"_ _5\"></span>m<span class=\"_ _3\"></span>e dettagliato nella nota<span class=\"_ _3\"></span> 29 \u201cStrumenti deri<span class=\"_ _3\"></span>vati\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u201cAltri oneri finanziari\u201d<span class=\"_ _3\"></span>, di natura <span class=\"ff1\">residuale, la voce si compo<span class=\"_ _3\"></span>ne delle seguenti fattisp<span class=\"_ _3\"></span>ecie:<span class=\"_ _5\"></span> </span>NOTE 2024 2023 VAR. Scoperti bancari a bre<span class=\"_ _3\"></span>ve 3,5 1,7 1,8 Leasing 22<span class=\"ls0\"> </span>2,9 2,8 0,1 Altri oneri 3,7 2,6 1,1 Totale 10,1 7,1 3,0 Altri <span class=\"_ _4\"> </span>oneri <span class=\"_ _10\"> </span>accolgon<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>principalmente <span class=\"_ _4\"> </span>interessi <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>intermedia<span class=\"_ _3\"></span>zione <span class=\"_ _4\"> </span>finanziaria <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>interessi  relativi <span class=\"_ _10\"> </span>a  d<span class=\"_ _5\"></span>ilazioni  di pagamento. 11<span class=\"ls57\">  <span class=\"ls0\">Quota  di <span class=\"_ _c\"> </span>utili  (perdite<span class=\"_ _3\"></span>)  di  joint  ventur<span class=\"_ _3\"></span>e  e  societ<span class=\"_ _3\"></span>\u00e0 </span></span>collegate<span class=\"ls0\"> </span>2024 2023 VAR. Quota di risultato n<span class=\"_ _3\"></span>etto joint venture 2,4 2,8 (0,4) Quota di risultato n<span class=\"_ _3\"></span>etto societ\u00e0 collegate 9,9 7,5 2,4 Totale 12,3 10,3 2,0 Le <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>perdite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>joint <span class=\"_ _5\"></span>venture <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>collegate comprendono <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>generati <span class=\"_ _5\"></span>dalla v<span class=\"_ _5\"></span>alutazione con <span class=\"_ _7\"></span>il metodo del <span class=\"ff5\">patrimonio netto dell<span class=\"_ _3\"></span>e societ\u00e0 rientranti nell\u2019area di <span class=\"_ _3\"></span>consolidamento, il cui dettagli<span class=\"_ _3\"></span>o \u00e8 riportato alla nota 26 </span>\u201cPartecipazioni<span class=\"ff1\"> valutate con i<span class=\"_ _3\"></span>l metodo del patrim<span class=\"_ _3\"></span>onio netto e Altre parteci<span class=\"_ _3\"></span>pazioni<span class=\"_ _5\"></span><span class=\"ff5 ls13\">\u201d.</span> </span>Come <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>paragrafo <span class=\"_ _5\"></span>2.02.01 <span class=\"_ _5\"></span>\u201cIntroduzione\u201d, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>quale <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>maggiori detta<span class=\"_ _5\"></span>gli, nel <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>orso <span class=\"_ _5\"></span>dell\u2019esercizio<span class=\"_ _3\"></span> 2024 <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>roceduto <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>esporre <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>presente <span class=\"_ _7\"></span>voce <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>schema <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>gestione <span class=\"_ _7\"></span>finanziaria <span class=\"_ _7\"></span>e <span class=\"_ _d\"> </span><span class=\"ff5\">l\u2019utile</span> <span class=\"_ _6\"></span>prima <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>imposte, separandola <span class=\"_ _7\"></span>dalla <span class=\"_ _6\"></span>ges<span class=\"_ _3\"></span>tione <span class=\"_ _7\"></span>finanziaria <span class=\"_ _6\"></span>nella<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>quale <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ra <span class=\"_ _7\"></span>ricompresa <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>prospetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>conto <span class=\"_ _6\"></span>econ<span class=\"_ _3\"></span>omico <span class=\"_ _7\"></span>pubblicato <span class=\"_ _6\"></span>per l\u2019esercizio 2023.<span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "9  Proventi fina<span class=\"_ _3\"></span>nziari  2024 2023 VAR. Attualizzazione <span class=\"_ _3\"></span>crediti efficientamento en<span class=\"_ _3\"></span>ergetico 51,5 7,8 43,7 Proventi da valuta<span class=\"_ _3\"></span>zione a fair value di <span class=\"_ _3\"></span>attivit\u00e0 e passivit\u00e0 fina<span class=\"_ _3\"></span>nziarie 50,6 46,9 3,7 Clienti 29,5 47,8 (18,3) Proventi da derivati<span class=\"_ _3\"></span> 26,6 5,1 21,5 Interessi bancari<span class=\"_ _3\"></span> 23,7 27,4 (3,7) Altri proventi finanziari<span class=\"_ _3\"></span> 20,6 22,1 (1,5) Totale 202,5 157,1 45,4 \u201c<span class=\"ff1\">Attualizzazione <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>efficientamento <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>nergetico</span><span class=\"lsd\">\u201d,</span><span class=\"ff1\"> <span class=\"_ _7\"></span>rappresenta <span class=\"_ _7\"></span></span>l\u2019effetto <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>costo <span class=\"_ _6\"></span>amm<span class=\"_ _3\"></span>ortizzato <span class=\"_ _7\"></span>dei crediti fiscali derivanti dall\u2019applicazione dello sconto in fattura per <span class=\"_ _7\"></span><span class=\"ff1\">attivit\u00e0 di r<span class=\"_ _5\"></span>iqualificazion<span class=\"_ _3\"></span>e di c<span class=\"_ _5\"></span>ondomini destinati alla </span>compensazione <span class=\"_ _10\"> </span>all\u2019interno <span class=\"_ _8\"> </span>del <span class=\"_ _10\"> </span>Gruppo <span class=\"_ _8\"> </span>grazie <span class=\"_ _10\"> </span>all\u2019utilizzo <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>ropria <span class=\"_ _10\"> </span>capacit\u00e0 <span class=\"_ _8\"> </span>fiscale<span class=\"_ _5\"></span><span class=\"ff1\">, <span class=\"_ _8\"> </span>relativi <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>rincipalment<span class=\"_ _1\"></span>e </span>all\u2019agevolazione <span class=\"_ _d\"> </span>superbonus <span class=\"_ _d\"> </span>110%. <span class=\"_ _f\"> </span>La <span class=\"_ _d\"> </span>significativa <span class=\"_ _f\"> </span>variazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _4\"> </span><span class=\"ff1\">riflette <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>maggior </span>volume di crediti pre<span class=\"_ _3\"></span>senti sui cassetti fis<span class=\"_ _3\"></span>cali al termine dell\u2019ese<span class=\"_ _3\"></span>rcizio<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>rispetto <span class=\"_ _3\"></span>al<span class=\"ff5\">l\u2019anno 2023</span>. </span>\u201cProventi da valutazi<span class=\"_ _3\"></span>one a fair value di atti<span class=\"_ _3\"></span>vit\u00e0 e passivit\u00e0 finan<span class=\"_ _3\"></span>ziarie\u201d, la voce si compo<span class=\"_ _3\"></span>ne delle seguenti fattisp<span class=\"_ _3\"></span>ecie:<span class=\"_ _7\"></span><span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi poten<span class=\"_ _3\"></span>ziali 19<span class=\"ls0\"> </span>50,6 31,3 19,3 Prestiti obbligazion<span class=\"_ _3\"></span>ari 29<span class=\"ls0\"> </span>\u2010<span class=\"ff4\"> </span>15,6 (15,6) Totale 50,6 46,9 3,7 Opzioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>vendi<span class=\"_ _3\"></span>ta <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>corrispett<span class=\"_ _3\"></span>ivi <span class=\"_ _7\"></span>potenziali<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">rapprese<span class=\"_ _3\"></span>ntano <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>ffetti <span class=\"_ _7\"></span>positivi <span class=\"_ _7\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019aggiornamento <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>stime </span>delle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>iscritte <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>bilancio <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>esercizi <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>recedenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>straordinar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizione.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Il valore al 31 dicembre 2024 si riferisce, per 47,8 <span class=\"_ _5\"></span>milioni di euro, alla valutazione agg<span class=\"_ _3\"></span>iornata <span class=\"ff5\">d<span class=\"_ _5\"></span>el debito per l\u2019opzio<span class=\"_ _3\"></span>ne di </span>vendita <span class=\"_ _7\"></span>detenuta <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _7\"></span>Spa <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>partecipazione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>Es<span class=\"_ _3\"></span>tEnergy <span class=\"_ _7\"></span>Spa, <span class=\"_ _7\"></span>tenuto <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>dell\u2019<span class=\"_ _7\"></span><span class=\"ff1\">a<span class=\"_ _5\"></span>ccordo </span>tra le parti per l\u2019<span class=\"ff1\">esercizio della q<span class=\"_ _3\"></span>uota residua del 2<span class=\"ls10\">5%</span>. </span>\u201cClienti\u201d, <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>ccolgono <span class=\"_ _6\"></span>principalmente <span class=\"_ _e\"> </span>interessi <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>mora <span class=\"_ _e\"> </span>attribuibili <span class=\"_ _6\"> </span>a<span class=\"_ _7\"></span><span class=\"ff1\">i <span class=\"_ _e\"> </span>business <span class=\"_ _e\"> </span>di <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"></span>gas <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>energia <span class=\"_ _e\"></span>elettrica, <span class=\"_ _e\"></span>in </span>particolare <span class=\"_ _f\"> </span>salvaguardia. <span class=\"_ _f\"> </span>Quest\u2019ultimo  <span class=\"ff1\">mer<span class=\"_ _3\"></span>cato, <span class=\"_ _f\"> </span>in  par<span class=\"_ _3\"></span>ticolare,  ha <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>videnziato <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>na <span class=\"_ _f\"> </span>contrazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>volumi <span class=\"_ _f\"> </span>e  del<span class=\"_ _3\"></span> </span>fatturato <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024<span class=\"_ _5\"></span>. <span class=\"_ _7\"></span>Nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2023 <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>voce <span class=\"_ _7\"></span>accoglieva<span class=\"_ _5\"></span><span class=\"ff1 ls16\">, <span class=\"_ _5\"></span><span class=\"ls0\">inoltre, <span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>teressi <span class=\"_ _5\"></span>applicati <span class=\"_ _5\"></span>ai </span></span>clienti per <span class=\"_ _5\"></span>i cosiddetti interventi <span class=\"_ _5\"></span>trainati legati ai lavori<span class=\"_ _5\"></span> di e<span class=\"_ _5\"></span>fficientament<span class=\"_ _3\"></span>o energetico <span class=\"_ _5\"></span>in relazione al superbonus 110%<span class=\"_ _5\"></span><span class=\"ls1e\">,<span class=\"_ _75\"> </span></span>che <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>risultati <span class=\"_ _7\"></span>significativamente <span class=\"_ _5\"></span>inferiori <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>2024 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>via <span class=\"_ _7\"></span>della<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>riduzione <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>legate </span>all\u2019efficientamento e<span class=\"_ _3\"></span>nergetico dei condomini<span class=\"ff1\">. </span>\u201cProventi <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>derivati\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _7\"></span>valutazione <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>rea<span class=\"_ _5\"></span>lizzo <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>derivati <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>tassi <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ambi<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>e </span>opportunamente dettag<span class=\"_ _3\"></span>liato nella nota <span class=\"ff5\">29 \u201cStrumenti deriv<span class=\"_ _3\"></span>ati\u201d.<span class=\"ff1\"> </span></span>\u201cInteressi <span class=\"_ _5\"></span>bancari\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>roventi <span class=\"_ _5\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019impiego <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>breve <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>liquidit\u00e0<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>disponibile <span class=\"_ _7\"></span>sui <span class=\"_ _7\"></span>conti <span class=\"_ _7\"></span>correnti <span class=\"_ _7\"></span>del </span>Gruppo. <span class=\"_ _7\"></span><span class=\"ff5\">La <span class=\"_ _6\"></span>variazione <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>diminuzio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>degli <span class=\"_ _7\"></span>interessi <span class=\"_ _7\"></span>attivi <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>all\u2019esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>dovuta <span class=\"_ _7\"></span>principalmente </span>alla <span class=\"_ _f\"> </span>diminuzione <span class=\"_ _f\"> </span>delle  giacen<span class=\"_ _3\"></span>ze  m<span class=\"_ _3\"></span>edie <span class=\"_ _f\"> </span>remunerate<span class=\"_ _5\"></span>,  pa<span class=\"_ _3\"></span>rzialmente  c<span class=\"_ _3\"></span>ompensata  d<span class=\"_ _3\"></span>a  u<span class=\"_ _3\"></span>n  a<span class=\"_ _3\"></span>umento <span class=\"_ _f\"> </span>del  tasso <span class=\"_ _f\"> </span>medio applicato alle giacen<span class=\"_ _3\"></span>ze. \u201cAltri proventi finanzi<span class=\"_ _3\"></span>ari\u201d, la voce comprende le <span class=\"_ _3\"></span>seguenti fattispecie:<span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Dividendi 7,9 6,4 1,5 Attualizzazione <span class=\"_ _3\"></span>crediti finanziari non c<span class=\"_ _3\"></span>orrenti 18<span class=\"ls0\"> </span>6,8 6,3 0,5 Altri 5,9 9,4<span class=\"ff12\"> </span>(3,5)<span class=\"ff12\"> </span>Totale 20<span class=\"ls52\">,6<span class=\"ls0\"> </span></span>22,1 (1,5) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Dividendi <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>quote <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ut<span class=\"_ _5\"></span>ile <span class=\"_ _e\"> </span>distribuit<span class=\"_ _5\"></span>e <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>alle <span class=\"_ _d\"> </span><span class=\"ff5\">societ\u00e0 <span class=\"_ _d\"> </span>classificate <span class=\"_ _d\"> </span>come <span class=\"_ _d\"> </span>\u201cAltre <span class=\"_ _f\"> </span></span>partecipazioni<span class=\"ff5\">\u201d</span>, <span class=\"_ _d\"> </span>in </span></span>particolar <span class=\"_ _7\"></span>modo <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>riferiscono <span class=\"_ _7\"></span>all<span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>partecipazioni <span class=\"_ _7\"></span>nelle <span class=\"_ _6\"></span>societ\u00e0<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _6\"></span>Sp<span class=\"_ _3\"></span>a,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Veneta <span class=\"_ _7\"></span>Sanitaria <span class=\"_ _7\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>Calenia Energia Spa; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Attualizzazione <span class=\"_ _8\"> </span>crediti <span class=\"_ _8\"> </span>finanziari <span class=\"_ _8\"> </span>non <span class=\"_ _8\"> </span>c<span class=\"_ _5\"></span>orrenti <span class=\"_ _8\"> </span>accoglie <span class=\"_ _2\"> </span><span class=\"ff5\">principalmente <span class=\"_ _8\"> </span>l\u2019effetto <span class=\"_ _8\"> </span></span>della <span class=\"_ _8\"> </span>va<span class=\"_ _5\"></span>lutazione <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>costo </span></span>ammortizzato <span class=\"_ _f\"> </span>dei  crediti  per  a<span class=\"_ _3\"></span>ttivit\u00e0  di  c<span class=\"_ _3\"></span>ostruzione  e  migli<span class=\"_ _3\"></span>oria  di <span class=\"_ _f\"> </span>asset  iscritti <span class=\"_ _f\"> </span>in  applicazione <span class=\"_ _f\"> </span>del  modello dell\u2019attivit\u00e0 finanziari<span class=\"_ _3\"></span>a per servizi pubblici in<span class=\"_ _3\"></span> concessione;<span class=\"_ _75\"> </span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Altri, <span class=\"_ _e\"></span>accoglie <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>particolar <span class=\"_ _e\"> </span>modo <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ipristini <span class=\"_ _6\"></span>di <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>la <span class=\"_ _d\"> </span>quota <span class=\"_ _e\"> </span>parte <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>crediti <span class=\"_ _e\"> </span>finanziari <span class=\"_ _e\"></span>precedentemente </span></span>svalutati <span class=\"_ _10\"> </span>nei <span class=\"_ _8\"> </span>confronti <span class=\"_ _10\"> </span>della <span class=\"_ _8\"> </span>societ\u00e0 <span class=\"_ _10\"> </span>collegata <span class=\"_ _8\"> </span>Tamarete <span class=\"_ _10\"> </span>Energia <span class=\"_ _8\"> </span>Srl <span class=\"_ _8\"> </span>ch<span class=\"_ _3\"></span>e <span class=\"_ _8\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _8\"> </span>inc<span class=\"_ _3\"></span>assati <span class=\"_ _8\"> </span>nel<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>corso dell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>2,<span class=\"_ _5\"></span>4 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>provento<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>aggregazione <span class=\"_ _6\"></span></span>derivante <span class=\"_ _5\"></span>dall\u2019acquisizione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>ramo <span class=\"_ _7\"></span>Soeli<span class=\"_ _3\"></span>a per 0,7 milioni di eur<span class=\"_ _3\"></span>o, come riportato al p<span class=\"_ _3\"></span>aragrafo 2.02.10 \u201cAltr<span class=\"_ _3\"></span>e informazioni\u201d.<span class=\"ff1\"> </span>10  Oneri finan<span class=\"_ _3\"></span>ziari  2024 2023 VAR. Oneri da prestiti <span class=\"_ _3\"></span>obbligazionari e finan<span class=\"_ _3\"></span>ziamenti 119,9 133,9 (14,0) Oneri da factoring <span class=\"_ _3\"></span>e cessione crediti fisc<span class=\"_ _3\"></span>ali 58,2 58,8 (0,6) Valutazione al c<span class=\"_ _3\"></span>osto ammortizzato di pa<span class=\"_ _3\"></span>ssivit\u00e0 finanziarie 30,3 33,5 (3,2) Svalutazione parte<span class=\"_ _3\"></span>cipazioni 27,0 5,9 21,1 Attualizzazione fon<span class=\"_ _3\"></span>di 26,4 7,9 18,5 Oneri da valutazio<span class=\"_ _3\"></span>ne a fair value di atti<span class=\"_ _3\"></span>vit\u00e0 e passivit\u00e0 fina<span class=\"_ _3\"></span>nziarie 16,9 56,5 (39,6) Attualizzazione <span class=\"_ _3\"></span>opzioni e corrispettivi s<span class=\"_ _3\"></span>u partecipazioni 11,6 17,6 (6,0) Oneri da derivati<span class=\"_ _3\"></span> 8,1 23,8 (15,7) Altri oneri finanziari<span class=\"_ _3\"></span> 10,1 7,1 3,0 Totale 308,5<span class=\"fce\"> </span>345,0<span class=\"fce\"> </span>(36,5)<span class=\"fce\"> </span>\u201cOneri da p<span class=\"_ _5\"></span>restiti obbligazionari e finanziamenti\u201d accolgono<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>gli interessi di co<span class=\"_ _5\"></span>mpetenza del periodo relativamente agli </span>strumenti obbligazionar<span class=\"_ _3\"></span>i emessi dalla capogruppo Hera Sp<span class=\"_ _3\"></span>a<span class=\"_ _5\"></span> <span class=\"ls10\">e </span>gli interessi relativi ai finanziame<span class=\"_ _3\"></span>nti erogati dal sistema<span class=\"_ _3\"></span> bancario <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>altri <span class=\"_ _7\"></span>enti <span class=\"_ _6\"></span>finanz<span class=\"_ _3\"></span>iatori. <span class=\"_ _6\"></span><span class=\"ff5\">La <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _6\"></span><span class=\"ff1\">\u00e8 <span class=\"_ _6\"></span>correlat<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>minore <span class=\"_ _7\"></span>fabbisogno </span></span>finanziario, poich\u00e9 <span class=\"_ _5\"></span>gi\u00e0 nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 2023 <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>buone performance del <span class=\"_ _5\"></span>capitale circolante netto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>la maggiore stabilit\u00e0 sui mercati energ<span class=\"_ _3\"></span>etici hanno permesso il rimbor<span class=\"_ _3\"></span>so anticipato di passivit\u00e0 finanzia<span class=\"_ _3\"></span>rie di breve e medio termine che <span class=\"_ _6\"></span>erano <span class=\"_ _6\"></span>state <span class=\"_ _7\"></span>accese <span class=\"_ _6\"></span>nell\u2019esercizio <span class=\"_ _7\"></span>2022, <span class=\"_ _6\"> </span>in <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>contesto <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>assi <span class=\"_ _6\"></span>crescenti, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fronte<span class=\"_ _3\"></span>ggiare <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>esigenze <span class=\"_ _7\"></span>di cassa determinate dall\u2019<span class=\"_ _3\"></span>andamento estremame<span class=\"_ _3\"></span>nte volatile del contesto ma<span class=\"_ _3\"></span>croeconomico<span class=\"_ _5\"></span><span class=\"ff1\">. </span>\u201c<span class=\"ff1\">Oneri da factoring e c<span class=\"_ _3\"></span>essio<span class=\"ff5\">ni crediti fiscali\u201d, la voce si com<span class=\"_ _3\"></span>pone delle seguenti fat<span class=\"_ _3\"></span>tispecie:<span class=\"ff1\"> </span></span></span>NOTE 2024 2023 VAR. Cessione crediti <span class=\"_ _3\"></span>commerciali e altri crediti operativi 44,5 44,8 (0,3) Cessione crediti <span class=\"_ _3\"></span>d'imposta 37<span class=\"ls0\"> </span>13,7 14,0 (0,3) Totale 58,2 58,8 (0,6) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cessione <span class=\"_ _4\"> </span>crediti  c<span class=\"_ _5\"></span>ommerciali  e <span class=\"_ _4\"> </span>altri <span class=\"_ _10\"> </span>credi<span class=\"_ _3\"></span>ti <span class=\"_ _4\"> </span>operativi<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _4\"> </span>sostanzialmente <span class=\"_ _4\"> </span>in <span class=\"_ _4\"> </span>linea <span class=\"_ _4\"> </span>con <span class=\"_ _4\"> </span>l\u2019esercizio <span class=\"_ _4\"> </span>precedente, </span></span></span>accoglie <span class=\"_ _f\"> </span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>operazioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>cessione  r<span class=\"_ _3\"></span>evolving <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"> </span>ai <span class=\"_ _d\"> </span>business energy e ciclo idrico; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cessione  <span class=\"ff5\">crediti  d<span class=\"_ _3\"></span>\u2019imposta  <span class=\"ff1\">accoglie  gli <span class=\"_ _f\"> </span>oneri  realizzati  </span>nell\u2019ambito  del<span class=\"_ _3\"></span>le  operazioni <span class=\"_ _f\"> </span>di  cessione<span class=\"_ _5\"></span><span class=\"ff1\">  al  sis<span class=\"_ _3\"></span>tema </span></span></span></span>bancario <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _4\"> </span>iscritti <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>effetto <span class=\"_ _10\"> </span>de<span class=\"ff5\">ll\u2019applic<span class=\"_ _3\"></span>azione <span class=\"_ _10\"> </span>dello <span class=\"_ _4\"> </span>sconto <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>fattura <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>interventi <span class=\"_ _10\"> </span>di </span>efficientamento energetic<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span> superbonus 110%. Tale effetto \u00e8 compensat<span class=\"_ _3\"></span>o sui risultati di periodo del Gruppo dalla<span class=\"_ _3\"></span> chiusura <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>posizione <span class=\"_ _7\"></span>valutativa <span class=\"_ _7\"></span>iscritta <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>de <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>prima <span class=\"_ _5\"></span>rilevazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>rediti, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>riportato <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>comm<span class=\"_ _3\"></span>ento \u201c<span class=\"ff1\">Oneri da valutazion<span class=\"_ _3\"></span>e a fair value di attivit\u00e0 e<span class=\"_ _3\"></span> passivit\u00e0 finanziari<span class=\"_ _3\"></span>e<span class=\"_ _5\"></span><span class=\"ff5 lsd\">\u201d.</span> </span>\u201cValutazione <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>mmortizz<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>finanziarie\u201d, <span class=\"_ _6\"></span><span class=\"ff1\">accolgo<span class=\"_ _3\"></span>no <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>oneri <span class=\"_ _7\"></span>figurativi <span class=\"_ _7\"></span>necessari <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>ricondurre <span class=\"_ _7\"></span>il </span>costo <span class=\"_ _6\"></span>nomi<span class=\"_ _3\"></span>nale <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>debito <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>quello <span class=\"_ _7\"></span>calcolato <span class=\"_ _6\"></span>second<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _7\"></span>effettivo. <span class=\"_ _6\"></span>Sono <span class=\"_ _7\"></span>classificati <span class=\"_ _7\"></span>in questa voce anche <span class=\"_ _5\"></span>gli oneri fi<span class=\"_ _5\"></span>gurativi per 3,2 <span class=\"_ _5\"></span>milioni di euro, in <span class=\"_ _5\"></span>linea con<span class=\"_ _7\"></span> <span class=\"ff5\">l\u2019esercizio di <span class=\"_ _5\"></span>confronto, relativi all\u2019opzione di </span>vendita detenuta da Ascopiave Spa sulla partecipazi<span class=\"_ _3\"></span>one di minoranza in Hera Comm Spa, contabilmente classificat<span class=\"_ _3\"></span>a come finanziamento (c<span class=\"_ _3\"></span>on valore nominale di 5<span class=\"_ _3\"></span>4 milioni di euro), come riportato alla nota <span class=\"ff5\">19 \u201cPassivit\u00e0 fin<span class=\"_ _3\"></span>anziarie\u201d<span class=\"ff1\">. </span></span>Il<span class=\"ls0\"> decremento del<span class=\"_ _5\"></span> periodo <span class=\"_ _5\"></span><span class=\"lse\">\u00e8 <span class=\"_ _5\"></span></span>da <span class=\"_ _5\"></span>ricondurre principalmente <span class=\"_ _5\"></span><span class=\"ff5\">al rimborso <span class=\"_ _5\"></span>avvenuto nel corso <span class=\"_ _5\"></span>dell\u2019esercizio precedente di </span></span>un finanziamento propedeutico<span class=\"_ _3\"></span> all<span class=\"_ _5\"></span><span class=\"ff5\">\u2019</span>emissione di un Sustainability-linked-bond (effettuata ad aprile 2023) e al rimborso a scadenza di un prestito ob<span class=\"_ _3\"></span>bligazionario (nell<span class=\"_ _3\"></span>a forma di<span class=\"_ _5\"></span> green bond) <span class=\"ff5\">avve<span class=\"_ _3\"></span>nuto nell\u2019esercizio corr<span class=\"_ _3\"></span>ente<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>\u201cS<span class=\"ff1 ls0\">valutazion<span class=\"ff5\">e <span class=\"_ _6\"></span>partecip<span class=\"_ _3\"></span>azioni\u201d, <span class=\"_ _6\"></span><span class=\"ff1\">accoglie <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>effettuate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>sede <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impairment <span class=\"_ _6\"></span>test<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>partecipazioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>si </span></span></span>riferiscono p<span class=\"_ _5\"></span>er 2<span class=\"_ _5\"></span>2,1 milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>partecipazione <span class=\"_ _5\"></span><span class=\"ls23\">in</span> <span class=\"_ _5\"></span>Set <span class=\"_ _5\"></span>Spa, <span class=\"_ _5\"></span>veicolo <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>quale il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>detiene <span class=\"_ _5\"></span>quote di <span class=\"_ _7\"></span>produzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>impianto <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>generazione <span class=\"_ _5\"></span>elettrica<span class=\"_ _5\"></span> <span class=\"_ _7\"></span><span class=\"ls13\">(p</span><span class=\"ff5\">er <span class=\"_ _7\"></span>maggiori <span class=\"_ _5\"></span>dettagli <span class=\"_ _7\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>nota <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7 <span class=\"_ _5\"></span>\u201cImpairment <span class=\"_ _7\"></span>test </span>partecipazioni\u201d<span class=\"ff1\">) <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _6\"></span></span>per <span class=\"_ _6\"></span>4,9 <span class=\"_ _6\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>partecipazione <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>Aimag <span class=\"_ _6\"></span>Spa, <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>multiutility <span class=\"_ _6\"></span>operant<span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>nei <span class=\"_ _6\"></span>servizi </span>idrici, ambientali, en<span class=\"_ _3\"></span>ergetici e di pubblica ill<span class=\"_ _3\"></span>uminazione<span class=\"_ _5\"></span>. <div class=\"c w2 h0 gs17f\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAttualizzazione fondi\u201d,<span class=\"ff1\"> la voce s<span class=\"_ _3\"></span>i compone delle seguenti<span class=\"_ _3\"></span> fattispecie: </span></div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w3b h3c gs180\"><div class=\"t m0 x92 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">NOTE </div></div><div class=\"c w3c h3c gs181\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w3b h3c gs182\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w3d h3c gs183\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w61 h3c gs184\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Post mortem dis<span class=\"_ _3\"></span>cariche </div></div><div class=\"c w3b h3c gs185\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">31<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gs186\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">18,6 </div></div><div class=\"c w3b h3c gs187\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w3d h3c gs188\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">18,3 </div></div><div class=\"c w61 h3c gs189\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ripristino beni di terzi </div></div><div class=\"c w3b h3c gs18a\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">31<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gs18b\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">5,2 </div></div><div class=\"c w3b h3c gs18c\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,4 </div></div><div class=\"c w3d h3c gs18d\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,8 </div></div><div class=\"c w61 h3c gs18e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Benefici ai dipende<span class=\"_ _3\"></span>nti </div></div><div class=\"c w3b h3c gs18f\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">30<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gs190\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,4 </div></div><div class=\"c w3b h3c gs191\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,0 </div></div><div class=\"c w3d h3c gs192\"><div class=\"t m0 x64 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w61 h3c gs193\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Smantellamento im<span class=\"_ _3\"></span>pianti </div></div><div class=\"c w3b h3c gs194\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">31<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gs195\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w3b h3c gs196\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w3d h3c gs197\"><div class=\"t m0 xc6 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w61 h90 gs198\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w3c h90 gs199\"><div class=\"t m0 x91 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">26,4 </div></div><div class=\"c w3b h90 gs19a\"><div class=\"t m0 x7 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">7,9 </div></div><div class=\"c w3d h90 gs19b\"><div class=\"t m0 x91 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">18,5 </div></div><div class=\"c w2 h0 gs17f\"><div class=\"t m0 x23 h43 y5a2 ff5 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _8\"> </span>l\u2019analisi <span class=\"_ _8\"> </span>della <span class=\"_ _10\"> </span>variazione <span class=\"_ _8\"> </span>degli <span class=\"_ _8\"> </span>oneri <span class=\"_ _8\"> </span>da <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ttualizzazi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>fondi <span class=\"_ _8\"> </span>rispetto <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>confronto, <span class=\"_ _8\"> </span>laddove </div><div class=\"t m0 x23 h3 y115e ff1 fs1 fc1 sc0 ls0 ws0\">significativa, si rima<span class=\"_ _3\"></span>nda alle note di comment<span class=\"_ _3\"></span>o delle rispettive vo<span class=\"_ _3\"></span>ci patrimoniali.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 ye40 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y97b ff5 fs1 fc1 sc0 ls0 ws0\">\u201cOneri da valutazion<span class=\"_ _3\"></span>e a fair value di attivit\u00e0<span class=\"_ _3\"></span> e passivit\u00e0 finanziari<span class=\"_ _3\"></span>e\u201d, la voce si compone<span class=\"_ _3\"></span> delle seguenti fattispe<span class=\"_ _3\"></span>cie:<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x10a h4e y1c5b ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w3b h3c gs19c\"><div class=\"t m0 x92 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">NOTE </div></div><div class=\"c w3c h3c gs19d\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w3b h3c gs19e\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w3d h3c gs19f\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w61 h98 gs1a0\"><div class=\"t m0 x0 hf yddf ff4 fs3 fc1 sc0 ls0 ws0\">Prestiti obbligazion<span class=\"_ _3\"></span>ari </div></div><div class=\"c w3b h98 gs1a1\"><div class=\"t m0 x2 hf y6af ff4 fs3 fc10 sc0 ls1 ws0\">29<span class=\"ls0\"> </span></div></div><div class=\"c w3c h98 gs1a2\"><div class=\"t m0 x91 hf y6af ff4 fs3 fc10 sc0 ls0 ws0\">21,2 </div></div><div class=\"c w3b h98 gs1a3\"><div class=\"t m0 xc6 h335 y6af ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w3d h98 gs1a4\"><div class=\"t m0 x91 hf y6af ff4 fs3 fc10 sc0 ls0 ws0\">21,2 </div></div><div class=\"c w61 h90 gs1a5\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi poten<span class=\"_ _3\"></span>ziali </div></div><div class=\"c w3b h90 gs1a6\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls1 ws0\">19<span class=\"ls0\"> </span></div></div><div class=\"c w3c h90 gs1a7\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,7 </div></div><div class=\"c w3b h90 gs1a8\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w3d h90 gs1a9\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,6 </div></div><div class=\"c w61 h3c gs1aa\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti efficientame<span class=\"_ _3\"></span>nto energetico </div></div><div class=\"c w3b h3c gs1ab\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">37<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gs1ac\"><div class=\"t m0 x64 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(5,0) </div></div><div class=\"c w3b h3c gs1ad\"><div class=\"t m0 x91 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">56,4 </div></div><div class=\"c w3d h3c gs1ae\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(61,4) </div></div><div class=\"c w61 h3c gs1af\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w3c h3c gs1b0\"><div class=\"t m0 x91 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">16,9 </div></div><div class=\"c w3b h3c gs1b1\"><div class=\"t m0 x91 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">56,5 </div></div><div class=\"c w3d h3c gs1b2\"><div class=\"t m0 x19 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(39,6) </div></div><div class=\"c w2 h0 gs17f\"><div class=\"t m0 x23 h5a y1586 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Prestiti <span class=\"_ _5\"></span>obbligazionari <span class=\"_ _7\"></span>rappresenta <span class=\"_ _5\"></span>l<span class=\"ff5\">\u2019effetto <span class=\"_ _5\"></span>delle</span> <span class=\"_ _7\"></span>rettifiche <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutazione, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>applicazione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>copertura <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>fair </span></span></div><div class=\"t m0 x63 h3 y1587 ff1 fs1 fc1 sc0 ls0 ws0\">value, <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>prestito <span class=\"_ _5\"></span>obbligazionario <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valuta<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">che <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _5\"></span>rimborsato <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>qual<span class=\"_ _3\"></span>e </span></div><div class=\"t m0 x63 h3 ybd7 ff1 fs1 fc1 sc0 ls0 ws0\">la relazione \u00e8 risultat<span class=\"_ _3\"></span>a efficace fino alla dat<span class=\"_ _3\"></span>a di scadenza; </div><div class=\"t m0 x23 h5a y247 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">Opzioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>vendita <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>corrispettivi <span class=\"_ _6\"></span>potenziali <span class=\"_ _7\"></span>rappresentano <span class=\"_ _6\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>effetti <span class=\"_ _7\"></span>negativi <span class=\"_ _6\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019aggiornamento <span class=\"_ _7\"></span>delle </span></span></div><div class=\"t m0 x63 h3 y1251 ff1 fs1 fc1 sc0 ls0 ws0\">stime  delle  passivit\u00e0  i<span class=\"_ _3\"></span>scritte  a  bilancio  negli  eserc<span class=\"_ _3\"></span>izi  precedenti  in  relazio<span class=\"_ _3\"></span>ne  a  operazioni  straordinarie<span class=\"_ _3\"></span>  di </div><div class=\"t m0 x63 h3 y1479 ff1 fs1 fc1 sc0 ls0 ws0\">acquisizione societaria; </div><div class=\"t m0 x23 h5a y24a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Crediti <span class=\"_ _10\"> </span>efficientame<span class=\"_ _3\"></span>nto <span class=\"_ _10\"> </span>energetico <span class=\"_ _10\"> </span>sono <span class=\"_ _4\"> </span>relativi <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>valutazio<span class=\"_ _3\"></span>ne <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>valore <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>mercato <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _4\"> </span>correlati </span></span></div><div class=\"t m0 x63 h43 y1c5f ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019applicazione <span class=\"_ _d\"> </span>dello <span class=\"_ _f\"> </span>sconto <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>attura <span class=\"_ _d\"> </span>ai <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>finali <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>interventi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>efficientam<span class=\"_ _3\"></span>ento <span class=\"_ _f\"> </span>energetico. <span class=\"_ _d\"> </span>La <span class=\"_ _f\"> </span>policy </div><div class=\"t m0 x63 h43 y1c60 ff5 fs1 fc1 sc0 ls0 ws0\">contabile <span class=\"_ _6\"></span>adottata <span class=\"_ _6\"></span>dal <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _6\"></span>prevede <span class=\"_ _e\"> </span>che <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>caso <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>successiva <span class=\"_ _6\"></span>cessione <span class=\"_ _6\"></span>venga <span class=\"_ _6\"></span>rilevato <span class=\"_ _6\"></span>l\u2019onere <span class=\"_ _6\"></span>consuntivo </div><div class=\"t m0 x63 h43 yf1e ff5 fs1 fc1 sc0 ls0 ws0\">correlato <span class=\"_ _5b\"> </span>all\u2019operazione <span class=\"_ _5b\"> </span>nella <span class=\"_ _1f\"> </span>voce <span class=\"_ _5b\"> </span>\u201cOneri <span class=\"_ _1f\"> </span>da <span class=\"_ _5b\"> </span>factoring <span class=\"_ _1f\"> </span>e <span class=\"_ _5b\"> </span>cessioni <span class=\"_ _1f\"> </span>crediti <span class=\"_ _5b\"> </span>fiscali\u201d, <span class=\"_ _1f\"> </span>procedendo<span class=\"_ _3\"></span> </div><div class=\"t m0 x63 h3 y1c61 ff1 fs1 fc1 sc0 ls0 ws0\">contemporaneamente <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>chiusura <span class=\"_ _6\"></span>della <span class=\"_ _e\"> </span>posizione <span class=\"_ _e\"></span>valutativa <span class=\"_ _6\"></span>aperta<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>precedentemente, <span class=\"_ _e\"> </span>generando <span class=\"_ _e\"></span>un <span class=\"_ _6\"></span>effetto </div><div class=\"t m0 x63 h43 y10aa ff5 fs1 fc1 sc0 ls0 ws0\">sostanzialmente  c<span class=\"_ _5\"></span>ompensati<span class=\"_ _3\"></span>vo, <span class=\"_ _4\"> </span>mentre <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>caso <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>compensazione <span class=\"_ _4\"> </span>all\u2019interno <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>Gruppo  si <span class=\"_ _10\"> </span>proceda <span class=\"_ _4\"> </span>alla </div><div class=\"t m0 x63 h3 y1c62 ff1 fs1 fc1 sc0 ls0 ws0\">valutazione <span class=\"_ _e\"></span>al <span class=\"_ _e\"> </span>costo <span class=\"_ _d\"> </span>ammortizzato, <span class=\"_ _e\"></span>rilevando <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>corrisponde<span class=\"_ _5\"></span>nte <span class=\"_ _e\"> </span>provento <span class=\"_ _d\"> </span>finanziario <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>virt\u00f9 <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>risparmio <span class=\"_ _e\"> </span>di </div><div class=\"t m0 x63 h3 y1c63 ff1 fs1 fc1 sc0 ls0 ws0\">cassa <span class=\"_ _6\"></span>generato. <span class=\"_ _6\"></span>Nel <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span><span class=\"ff5\">ll\u2019esercizio</span> <span class=\"_ _6\"></span>2024, <span class=\"_ _6\"></span>inoltr<span class=\"_ _3\"></span>e, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>conto <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>fattura<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>assoggettati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valutazion<span class=\"_ _3\"></span>e </div><div class=\"t m0 x63 h3 y35d ff1 fs1 fc1 sc0 ls0 ws0\">sono  risultat<span class=\"_ _3\"></span>i  di  im<span class=\"_ _3\"></span>porto  limit<span class=\"_ _3\"></span>ato  rispetto<span class=\"_ _3\"></span>  al<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019esercizio</span> <span class=\"_ _f\"> </span>di  confronto  p<span class=\"_ _3\"></span>er  effetto <span class=\"_ _f\"> </span>delle  normativ<span class=\"_ _3\"></span>e  emanate <span class=\"_ _f\"> </span>dal </div><div class=\"t m0 x63 h3 y1258 ff1 fs1 fc1 sc0 ls0 ws0\">Governo <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>hanno <span class=\"_ _6\"></span>limitato <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>fattispecie <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>tutto <span class=\"_ _e\"></span>residuali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>suddetto <span class=\"_ _e\"></span>meccanismo<span class=\"_ _5\"></span>, <span class=\"_ _e\"> </span>mentre <span class=\"_ _6\"></span>si <span class=\"_ _e\"></span>sono <span class=\"_ _6\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _6\"></span>i </div><div class=\"t m0 x63 h3 y35f ff1 fs1 fc1 sc0 ls0 ws0\">reversal <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>osizioni <span class=\"_ _e\"></span>valutative <span class=\"_ _e\"></span>aperte <span class=\"_ _d\"> </span><span class=\"lse\">ne</span><span class=\"ff5\">ll\u2019esercizio</span> <span class=\"_ _e\"> </span>precedent<span class=\"ls10\">e,</span> <span class=\"_ _e\"></span>a <span class=\"_ _d\"> </span>seguito <span class=\"_ _e\"></span>dalle <span class=\"_ _e\"> </span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>cessione <span class=\"_ _e\"> </span>di </div><div class=\"t m0 x63 h3 y1259 ff5 fs1 fc1 sc0 ls0 ws0\">crediti d\u2019imposta <span class=\"ff1\">realizzate.<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y125a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y362 ff5 fs1 fc1 sc0 ls0 ws0\">\u201c<span class=\"ff1\">Attualizzazione <span class=\"_ _c\"> </span>opzioni <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>corrispettivi <span class=\"_ _c\"> </span>su <span class=\"_ _22\"> </span>partecipazioni</span>\u201d, <span class=\"_ _22\"> </span>accolgono <span class=\"_ _c\"> </span><span class=\"ff1\">principalmente <span class=\"_ _c\"> </span>gli <span class=\"_ _c\"> </span>oneri <span class=\"_ _22\"> </span>figurativi <span class=\"_ _1d\"> </span>da </span></div><div class=\"t m0 x23 h3 yb6a ff1 fs1 fc1 sc0 ls0 ws0\">attualizzazione c<span class=\"_ _5\"></span>orrelati alla <span class=\"_ _7\"></span>valutazione a <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>opzioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita <span class=\"_ _7\"></span>riconosciute ai <span class=\"_ _5\"></span>soc<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>minoranza, <span class=\"_ _5\"></span>come </div><div class=\"t m0 x23 h3 ye0c ff1 fs1 fc1 sc0 ls0 ws0\">riportato alla nota <span class=\"ls10\">19</span> <span class=\"ff5\">\u201cPa<span class=\"_ _3\"></span>ssivit\u00e0 finanziarie\u201d. <span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h3 y365 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y297 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cOneri <span class=\"_ _e\"> </span>da <span class=\"_ _6\"></span>derivati\u201d <span class=\"_ _e\"> </span>accolgono <span class=\"_ _6\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _e\"> </span>sia <span class=\"_ _e\"> </span>della <span class=\"_ _6\"> </span>valutazione <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>del <span class=\"_ _6\"> </span>realizzo <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>derivati <span class=\"_ _6\"> </span>su <span class=\"_ _e\"> </span>tassi <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>cambi, <span class=\"_ _6\"> </span>co<span class=\"_ _5\"></span>m<span class=\"_ _3\"></span>e </div><div class=\"t m0 x23 h3 y125b ff5 fs1 fc1 sc0 ls0 ws0\">dettagliato nella nota<span class=\"_ _3\"></span> 29 \u201cStrumenti deri<span class=\"_ _3\"></span>vati\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y367 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y125c ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltri oneri finanziari\u201d<span class=\"_ _3\"></span>, di natura <span class=\"ff1\">residuale, la voce si compo<span class=\"_ _3\"></span>ne delle seguenti fattisp<span class=\"_ _3\"></span>ecie:<span class=\"_ _5\"></span> </span></div><div class=\"t m0 x23 h3 y125d ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w3b h90 gs1b3\"><div class=\"t m0 x92 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">NOTE </div></div><div class=\"c w3c h90 gs1b4\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w3b h90 gs1b5\"><div class=\"t m0 x93 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w3d h90 gs1b6\"><div class=\"t m0 x94 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w61 h3c gs1b7\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Scoperti bancari a bre<span class=\"_ _3\"></span>ve </div></div><div class=\"c w3c h3c gs1b8\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3,5 </div></div><div class=\"c w3b h3c gs1b9\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,7 </div></div><div class=\"c w3d h3c gs1ba\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,8 </div></div><div class=\"c w61 h3c gs1bb\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Leasing </div></div><div class=\"c w3b h3c gs1bc\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">22<span class=\"ls0\"> </span></div></div><div class=\"c w3c h3c gs1bd\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,9 </div></div><div class=\"c w3b h3c gs1be\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,8 </div></div><div class=\"c w3d h3c gs1bf\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w61 h3c gs1c0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri oneri </div></div><div class=\"c w3c h3c gs1c1\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3,7 </div></div><div class=\"c w3b h3c gs1c2\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,6 </div></div><div class=\"c w3d h3c gs1c3\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,1 </div></div><div class=\"c w61 h3c gs1c4\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w3c h3c gs1c5\"><div class=\"t m0 x91 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">10,1 </div></div><div class=\"c w3b h3c gs1c6\"><div class=\"t m0 x7 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">7,1 </div></div><div class=\"c w3d h3c gs1c7\"><div class=\"t m0 x7 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">3,0 </div></div><div class=\"c w2 h0 gs17f\"><div class=\"t m0 x23 h3 y1c66 ff1 fs1 fc1 sc0 ls0 ws0\">Altri <span class=\"_ _4\"> </span>oneri <span class=\"_ _10\"> </span>accolgon<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>principalmente <span class=\"_ _4\"> </span>interessi <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>intermedia<span class=\"_ _3\"></span>zione <span class=\"_ _4\"> </span>finanziaria <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>interessi  relativi <span class=\"_ _10\"> </span>a  d<span class=\"_ _5\"></span>ilazioni  di </div><div class=\"t m0 x23 h3 y1632 ff1 fs1 fc1 sc0 ls0 ws0\">pagamento. </div><div class=\"t m0 x23 h3 yfc6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-46": {
   "value": "9  Proventi fina<span class=\"_ _3\"></span>nziari  2024 2023 VAR. Attualizzazione <span class=\"_ _3\"></span>crediti efficientamento en<span class=\"_ _3\"></span>ergetico 51,5 7,8 43,7 Proventi da valuta<span class=\"_ _3\"></span>zione a fair value di <span class=\"_ _3\"></span>attivit\u00e0 e passivit\u00e0 fina<span class=\"_ _3\"></span>nziarie 50,6 46,9 3,7 Clienti 29,5 47,8 (18,3) Proventi da derivati<span class=\"_ _3\"></span> 26,6 5,1 21,5 Interessi bancari<span class=\"_ _3\"></span> 23,7 27,4 (3,7) Altri proventi finanziari<span class=\"_ _3\"></span> 20,6 22,1 (1,5) Totale 202,5 157,1 45,4 \u201c<span class=\"ff1\">Attualizzazione <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>efficientamento <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>nergetico</span><span class=\"lsd\">\u201d,</span><span class=\"ff1\"> <span class=\"_ _7\"></span>rappresenta <span class=\"_ _7\"></span></span>l\u2019effetto <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>costo <span class=\"_ _6\"></span>amm<span class=\"_ _3\"></span>ortizzato <span class=\"_ _7\"></span>dei crediti fiscali derivanti dall\u2019applicazione dello sconto in fattura per <span class=\"_ _7\"></span><span class=\"ff1\">attivit\u00e0 di r<span class=\"_ _5\"></span>iqualificazion<span class=\"_ _3\"></span>e di c<span class=\"_ _5\"></span>ondomini destinati alla </span>compensazione <span class=\"_ _10\"> </span>all\u2019interno <span class=\"_ _8\"> </span>del <span class=\"_ _10\"> </span>Gruppo <span class=\"_ _8\"> </span>grazie <span class=\"_ _10\"> </span>all\u2019utilizzo <span class=\"_ _10\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>ropria <span class=\"_ _10\"> </span>capacit\u00e0 <span class=\"_ _8\"> </span>fiscale<span class=\"_ _5\"></span><span class=\"ff1\">, <span class=\"_ _8\"> </span>relativi <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>rincipalment<span class=\"_ _1\"></span>e </span>all\u2019agevolazione <span class=\"_ _d\"> </span>superbonus <span class=\"_ _d\"> </span>110%. <span class=\"_ _f\"> </span>La <span class=\"_ _d\"> </span>significativa <span class=\"_ _f\"> </span>variazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _4\"> </span><span class=\"ff1\">riflette <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>maggior </span>volume di crediti pre<span class=\"_ _3\"></span>senti sui cassetti fis<span class=\"_ _3\"></span>cali al termine dell\u2019ese<span class=\"_ _3\"></span>rcizio<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>rispetto <span class=\"_ _3\"></span>al<span class=\"ff5\">l\u2019anno 2023</span>. </span>\u201cProventi da valutazi<span class=\"_ _3\"></span>one a fair value di atti<span class=\"_ _3\"></span>vit\u00e0 e passivit\u00e0 finan<span class=\"_ _3\"></span>ziarie\u201d, la voce si compo<span class=\"_ _3\"></span>ne delle seguenti fattisp<span class=\"_ _3\"></span>ecie:<span class=\"_ _7\"></span><span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi poten<span class=\"_ _3\"></span>ziali 19<span class=\"ls0\"> </span>50,6 31,3 19,3 Prestiti obbligazion<span class=\"_ _3\"></span>ari 29<span class=\"ls0\"> </span>\u2010<span class=\"ff4\"> </span>15,6 (15,6) Totale 50,6 46,9 3,7 Opzioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>vendi<span class=\"_ _3\"></span>ta <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>corrispett<span class=\"_ _3\"></span>ivi <span class=\"_ _7\"></span>potenziali<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">rapprese<span class=\"_ _3\"></span>ntano <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>ffetti <span class=\"_ _7\"></span>positivi <span class=\"_ _7\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019aggiornamento <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>stime </span>delle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>iscritte <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>bilancio <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>esercizi <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>recedenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>straordinar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizione.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Il valore al 31 dicembre 2024 si riferisce, per 47,8 <span class=\"_ _5\"></span>milioni di euro, alla valutazione agg<span class=\"_ _3\"></span>iornata <span class=\"ff5\">d<span class=\"_ _5\"></span>el debito per l\u2019opzio<span class=\"_ _3\"></span>ne di </span>vendita <span class=\"_ _7\"></span>detenuta <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _7\"></span>Spa <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>partecipazione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>Es<span class=\"_ _3\"></span>tEnergy <span class=\"_ _7\"></span>Spa, <span class=\"_ _7\"></span>tenuto <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>dell\u2019<span class=\"_ _7\"></span><span class=\"ff1\">a<span class=\"_ _5\"></span>ccordo </span>tra le parti per l\u2019<span class=\"ff1\">esercizio della q<span class=\"_ _3\"></span>uota residua del 2<span class=\"ls10\">5%</span>. </span>\u201cClienti\u201d, <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>ccolgono <span class=\"_ _6\"></span>principalmente <span class=\"_ _e\"> </span>interessi <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>mora <span class=\"_ _e\"> </span>attribuibili <span class=\"_ _6\"> </span>a<span class=\"_ _7\"></span><span class=\"ff1\">i <span class=\"_ _e\"> </span>business <span class=\"_ _e\"> </span>di <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"></span>gas <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>energia <span class=\"_ _e\"></span>elettrica, <span class=\"_ _e\"></span>in </span>particolare <span class=\"_ _f\"> </span>salvaguardia. <span class=\"_ _f\"> </span>Quest\u2019ultimo  <span class=\"ff1\">mer<span class=\"_ _3\"></span>cato, <span class=\"_ _f\"> </span>in  par<span class=\"_ _3\"></span>ticolare,  ha <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>videnziato <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>na <span class=\"_ _f\"> </span>contrazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>volumi <span class=\"_ _f\"> </span>e  del<span class=\"_ _3\"></span> </span>fatturato <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024<span class=\"_ _5\"></span>. <span class=\"_ _7\"></span>Nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2023 <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>voce <span class=\"_ _7\"></span>accoglieva<span class=\"_ _5\"></span><span class=\"ff1 ls16\">, <span class=\"_ _5\"></span><span class=\"ls0\">inoltre, <span class=\"_ _5\"></span>in<span class=\"_ _5\"></span>teressi <span class=\"_ _5\"></span>applicati <span class=\"_ _5\"></span>ai </span></span>clienti per <span class=\"_ _5\"></span>i cosiddetti interventi <span class=\"_ _5\"></span>trainati legati ai lavori<span class=\"_ _5\"></span> di e<span class=\"_ _5\"></span>fficientament<span class=\"_ _3\"></span>o energetico <span class=\"_ _5\"></span>in relazione al superbonus 110%<span class=\"_ _5\"></span><span class=\"ls1e\">,<span class=\"_ _75\"> </span></span>che <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>risultati <span class=\"_ _7\"></span>significativamente <span class=\"_ _5\"></span>inferiori <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>2024 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>via <span class=\"_ _7\"></span>della<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>riduzione <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>legate </span>all\u2019efficientamento e<span class=\"_ _3\"></span>nergetico dei condomini<span class=\"ff1\">. </span>\u201cProventi <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>derivati\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _7\"></span>valutazione <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>rea<span class=\"_ _5\"></span>lizzo <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>derivati <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>tassi <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ambi<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>e </span>opportunamente dettag<span class=\"_ _3\"></span>liato nella nota <span class=\"ff5\">29 \u201cStrumenti deriv<span class=\"_ _3\"></span>ati\u201d.<span class=\"ff1\"> </span></span>\u201cInteressi <span class=\"_ _5\"></span>bancari\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>roventi <span class=\"_ _5\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019impiego <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>breve <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>liquidit\u00e0<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>disponibile <span class=\"_ _7\"></span>sui <span class=\"_ _7\"></span>conti <span class=\"_ _7\"></span>correnti <span class=\"_ _7\"></span>del </span>Gruppo. <span class=\"_ _7\"></span><span class=\"ff5\">La <span class=\"_ _6\"></span>variazione <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>diminuzio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>degli <span class=\"_ _7\"></span>interessi <span class=\"_ _7\"></span>attivi <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>all\u2019esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>dovuta <span class=\"_ _7\"></span>principalmente </span>alla <span class=\"_ _f\"> </span>diminuzione <span class=\"_ _f\"> </span>delle  giacen<span class=\"_ _3\"></span>ze  m<span class=\"_ _3\"></span>edie <span class=\"_ _f\"> </span>remunerate<span class=\"_ _5\"></span>,  pa<span class=\"_ _3\"></span>rzialmente  c<span class=\"_ _3\"></span>ompensata  d<span class=\"_ _3\"></span>a  u<span class=\"_ _3\"></span>n  a<span class=\"_ _3\"></span>umento <span class=\"_ _f\"> </span>del  tasso <span class=\"_ _f\"> </span>medio applicato alle giacen<span class=\"_ _3\"></span>ze. \u201cAltri proventi finanzi<span class=\"_ _3\"></span>ari\u201d, la voce comprende le <span class=\"_ _3\"></span>seguenti fattispecie:<span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Dividendi 7,9 6,4 1,5 Attualizzazione <span class=\"_ _3\"></span>crediti finanziari non c<span class=\"_ _3\"></span>orrenti 18<span class=\"ls0\"> </span>6,8 6,3 0,5 Altri 5,9 9,4<span class=\"ff12\"> </span>(3,5)<span class=\"ff12\"> </span>Totale 20<span class=\"ls52\">,6<span class=\"ls0\"> </span></span>22,1 (1,5) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Dividendi <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>quote <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>ut<span class=\"_ _5\"></span>ile <span class=\"_ _e\"> </span>distribuit<span class=\"_ _5\"></span>e <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>alle <span class=\"_ _d\"> </span><span class=\"ff5\">societ\u00e0 <span class=\"_ _d\"> </span>classificate <span class=\"_ _d\"> </span>come <span class=\"_ _d\"> </span>\u201cAltre <span class=\"_ _f\"> </span></span>partecipazioni<span class=\"ff5\">\u201d</span>, <span class=\"_ _d\"> </span>in </span></span>particolar <span class=\"_ _7\"></span>modo <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>riferiscono <span class=\"_ _7\"></span>all<span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>partecipazioni <span class=\"_ _7\"></span>nelle <span class=\"_ _6\"></span>societ\u00e0<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _6\"></span>Sp<span class=\"_ _3\"></span>a,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Veneta <span class=\"_ _7\"></span>Sanitaria <span class=\"_ _7\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>Calenia Energia Spa; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Attualizzazione <span class=\"_ _8\"> </span>crediti <span class=\"_ _8\"> </span>finanziari <span class=\"_ _8\"> </span>non <span class=\"_ _8\"> </span>c<span class=\"_ _5\"></span>orrenti <span class=\"_ _8\"> </span>accoglie <span class=\"_ _2\"> </span><span class=\"ff5\">principalmente <span class=\"_ _8\"> </span>l\u2019effetto <span class=\"_ _8\"> </span></span>della <span class=\"_ _8\"> </span>va<span class=\"_ _5\"></span>lutazione <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>costo </span></span>ammortizzato <span class=\"_ _f\"> </span>dei  crediti  per  a<span class=\"_ _3\"></span>ttivit\u00e0  di  c<span class=\"_ _3\"></span>ostruzione  e  migli<span class=\"_ _3\"></span>oria  di <span class=\"_ _f\"> </span>asset  iscritti <span class=\"_ _f\"> </span>in  applicazione <span class=\"_ _f\"> </span>del  modello dell\u2019attivit\u00e0 finanziari<span class=\"_ _3\"></span>a per servizi pubblici in<span class=\"_ _3\"></span> concessione;<span class=\"_ _75\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Altri, <span class=\"_ _e\"></span>accoglie <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>particolar <span class=\"_ _e\"> </span>modo <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ipristini <span class=\"_ _6\"></span>di <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>la <span class=\"_ _d\"> </span>quota <span class=\"_ _e\"> </span>parte <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>crediti <span class=\"_ _e\"> </span>finanziari <span class=\"_ _e\"></span>precedentemente </span></span>svalutati <span class=\"_ _10\"> </span>nei <span class=\"_ _8\"> </span>confronti <span class=\"_ _10\"> </span>della <span class=\"_ _8\"> </span>societ\u00e0 <span class=\"_ _10\"> </span>collegata <span class=\"_ _8\"> </span>Tamarete <span class=\"_ _10\"> </span>Energia <span class=\"_ _8\"> </span>Srl <span class=\"_ _8\"> </span>ch<span class=\"_ _3\"></span>e <span class=\"_ _8\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _8\"> </span>inc<span class=\"_ _3\"></span>assati <span class=\"_ _8\"> </span>nel<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>corso dell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>2,<span class=\"_ _5\"></span>4 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>provento<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>aggregazione <span class=\"_ _6\"></span></span>derivante <span class=\"_ _5\"></span>dall\u2019acquisizione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>ramo <span class=\"_ _7\"></span>Soeli<span class=\"_ _3\"></span>a per 0,7 milioni di eur<span class=\"_ _3\"></span>o, come riportato al p<span class=\"_ _3\"></span>aragrafo 2.02.10 \u201cAltr<span class=\"_ _3\"></span>e informazioni\u201d.<span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-47": {
   "value": "10  Oneri finan<span class=\"_ _3\"></span>ziari  2024 2023 VAR. Oneri da prestiti <span class=\"_ _3\"></span>obbligazionari e finan<span class=\"_ _3\"></span>ziamenti 119,9 133,9 (14,0) Oneri da factoring <span class=\"_ _3\"></span>e cessione crediti fisc<span class=\"_ _3\"></span>ali 58,2 58,8 (0,6) Valutazione al c<span class=\"_ _3\"></span>osto ammortizzato di pa<span class=\"_ _3\"></span>ssivit\u00e0 finanziarie 30,3 33,5 (3,2) Svalutazione parte<span class=\"_ _3\"></span>cipazioni 27,0 5,9 21,1 Attualizzazione fon<span class=\"_ _3\"></span>di 26,4 7,9 18,5 Oneri da valutazio<span class=\"_ _3\"></span>ne a fair value di atti<span class=\"_ _3\"></span>vit\u00e0 e passivit\u00e0 fina<span class=\"_ _3\"></span>nziarie 16,9 56,5 (39,6) Attualizzazione <span class=\"_ _3\"></span>opzioni e corrispettivi s<span class=\"_ _3\"></span>u partecipazioni 11,6 17,6 (6,0) Oneri da derivati<span class=\"_ _3\"></span> 8,1 23,8 (15,7) Altri oneri finanziari<span class=\"_ _3\"></span> 10,1 7,1 3,0 Totale 308,5<span class=\"fce\"> </span>345,0<span class=\"fce\"> </span>(36,5)<span class=\"fce\"> </span>\u201cOneri da p<span class=\"_ _5\"></span>restiti obbligazionari e finanziamenti\u201d accolgono<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>gli interessi di co<span class=\"_ _5\"></span>mpetenza del periodo relativamente agli </span>strumenti obbligazionar<span class=\"_ _3\"></span>i emessi dalla capogruppo Hera Sp<span class=\"_ _3\"></span>a<span class=\"_ _5\"></span> <span class=\"ls10\">e </span>gli interessi relativi ai finanziame<span class=\"_ _3\"></span>nti erogati dal sistema<span class=\"_ _3\"></span> bancario <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>altri <span class=\"_ _7\"></span>enti <span class=\"_ _6\"></span>finanz<span class=\"_ _3\"></span>iatori. <span class=\"_ _6\"></span><span class=\"ff5\">La <span class=\"_ _7\"></span>variazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>esercizio <span class=\"_ _7\"></span>precedente <span class=\"_ _6\"></span><span class=\"ff1\">\u00e8 <span class=\"_ _6\"></span>correlat<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>minore <span class=\"_ _7\"></span>fabbisogno </span></span>finanziario, poich\u00e9 <span class=\"_ _5\"></span>gi\u00e0 nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 2023 <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>buone performance del <span class=\"_ _5\"></span>capitale circolante netto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>la maggiore stabilit\u00e0 sui mercati energ<span class=\"_ _3\"></span>etici hanno permesso il rimbor<span class=\"_ _3\"></span>so anticipato di passivit\u00e0 finanzia<span class=\"_ _3\"></span>rie di breve e medio termine che <span class=\"_ _6\"></span>erano <span class=\"_ _6\"></span>state <span class=\"_ _7\"></span>accese <span class=\"_ _6\"></span>nell\u2019esercizio <span class=\"_ _7\"></span>2022, <span class=\"_ _6\"> </span>in <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>contesto <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>assi <span class=\"_ _6\"></span>crescenti, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fronte<span class=\"_ _3\"></span>ggiare <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>esigenze <span class=\"_ _7\"></span>di cassa determinate dall\u2019<span class=\"_ _3\"></span>andamento estremame<span class=\"_ _3\"></span>nte volatile del contesto ma<span class=\"_ _3\"></span>croeconomico<span class=\"_ _5\"></span><span class=\"ff1\">. </span>\u201c<span class=\"ff1\">Oneri da factoring e c<span class=\"_ _3\"></span>essio<span class=\"ff5\">ni crediti fiscali\u201d, la voce si com<span class=\"_ _3\"></span>pone delle seguenti fat<span class=\"_ _3\"></span>tispecie:<span class=\"ff1\"> </span></span></span>NOTE 2024 2023 VAR. Cessione crediti <span class=\"_ _3\"></span>commerciali e altri crediti operativi 44,5 44,8 (0,3) Cessione crediti <span class=\"_ _3\"></span>d'imposta 37<span class=\"ls0\"> </span>13,7 14,0 (0,3) Totale 58,2 58,8 (0,6) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cessione <span class=\"_ _4\"> </span>crediti  c<span class=\"_ _5\"></span>ommerciali  e <span class=\"_ _4\"> </span>altri <span class=\"_ _10\"> </span>credi<span class=\"_ _3\"></span>ti <span class=\"_ _4\"> </span>operativi<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _4\"> </span>sostanzialmente <span class=\"_ _4\"> </span>in <span class=\"_ _4\"> </span>linea <span class=\"_ _4\"> </span>con <span class=\"_ _4\"> </span>l\u2019esercizio <span class=\"_ _4\"> </span>precedente, </span></span></span>accoglie <span class=\"_ _f\"> </span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>operazioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>cessione  r<span class=\"_ _3\"></span>evolving <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"> </span>ai <span class=\"_ _d\"> </span>business energy e ciclo idrico; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cessione  <span class=\"ff5\">crediti  d<span class=\"_ _3\"></span>\u2019imposta  <span class=\"ff1\">accoglie  gli <span class=\"_ _f\"> </span>oneri  realizzati  </span>nell\u2019ambito  del<span class=\"_ _3\"></span>le  operazioni <span class=\"_ _f\"> </span>di  cessione<span class=\"_ _5\"></span><span class=\"ff1\">  al  sis<span class=\"_ _3\"></span>tema </span></span></span></span>bancario <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _4\"> </span>iscritti <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>effetto <span class=\"_ _10\"> </span>de<span class=\"ff5\">ll\u2019applic<span class=\"_ _3\"></span>azione <span class=\"_ _10\"> </span>dello <span class=\"_ _4\"> </span>sconto <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>fattura <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>interventi <span class=\"_ _10\"> </span>di </span>efficientamento energetic<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span> superbonus 110%. Tale effetto \u00e8 compensat<span class=\"_ _3\"></span>o sui risultati di periodo del Gruppo dalla<span class=\"_ _3\"></span> chiusura <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>posizione <span class=\"_ _7\"></span>valutativa <span class=\"_ _7\"></span>iscritta <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>de <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>prima <span class=\"_ _5\"></span>rilevazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>rediti, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>riportato <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>comm<span class=\"_ _3\"></span>ento \u201c<span class=\"ff1\">Oneri da valutazion<span class=\"_ _3\"></span>e a fair value di attivit\u00e0 e<span class=\"_ _3\"></span> passivit\u00e0 finanziari<span class=\"_ _3\"></span>e<span class=\"_ _5\"></span><span class=\"ff5 lsd\">\u201d.</span> </span>\u201cValutazione <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>mmortizz<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>finanziarie\u201d, <span class=\"_ _6\"></span><span class=\"ff1\">accolgo<span class=\"_ _3\"></span>no <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>oneri <span class=\"_ _7\"></span>figurativi <span class=\"_ _7\"></span>necessari <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>ricondurre <span class=\"_ _7\"></span>il </span>costo <span class=\"_ _6\"></span>nomi<span class=\"_ _3\"></span>nale <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>debito <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>quello <span class=\"_ _7\"></span>calcolato <span class=\"_ _6\"></span>second<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _7\"></span>effettivo. <span class=\"_ _6\"></span>Sono <span class=\"_ _7\"></span>classificati <span class=\"_ _7\"></span>in questa voce anche <span class=\"_ _5\"></span>gli oneri fi<span class=\"_ _5\"></span>gurativi per 3,2 <span class=\"_ _5\"></span>milioni di euro, in <span class=\"_ _5\"></span>linea con<span class=\"_ _7\"></span> <span class=\"ff5\">l\u2019esercizio di <span class=\"_ _5\"></span>confronto, relativi all\u2019opzione di </span>vendita detenuta da Ascopiave Spa sulla partecipazi<span class=\"_ _3\"></span>one di minoranza in Hera Comm Spa, contabilmente classificat<span class=\"_ _3\"></span>a come finanziamento (c<span class=\"_ _3\"></span>on valore nominale di 5<span class=\"_ _3\"></span>4 milioni di euro), come riportato alla nota <span class=\"ff5\">19 \u201cPassivit\u00e0 fin<span class=\"_ _3\"></span>anziarie\u201d<span class=\"ff1\">. </span></span>Il<span class=\"ls0\"> decremento del<span class=\"_ _5\"></span> periodo <span class=\"_ _5\"></span><span class=\"lse\">\u00e8 <span class=\"_ _5\"></span></span>da <span class=\"_ _5\"></span>ricondurre principalmente <span class=\"_ _5\"></span><span class=\"ff5\">al rimborso <span class=\"_ _5\"></span>avvenuto nel corso <span class=\"_ _5\"></span>dell\u2019esercizio precedente di </span></span>un finanziamento propedeutico<span class=\"_ _3\"></span> all<span class=\"_ _5\"></span><span class=\"ff5\">\u2019</span>emissione di un Sustainability-linked-bond (effettuata ad aprile 2023) e al rimborso a scadenza di un prestito ob<span class=\"_ _3\"></span>bligazionario (nell<span class=\"_ _3\"></span>a forma di<span class=\"_ _5\"></span> green bond) <span class=\"ff5\">avve<span class=\"_ _3\"></span>nuto nell\u2019esercizio corr<span class=\"_ _3\"></span>ente<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>\u201cS<span class=\"ff1 ls0\">valutazion<span class=\"ff5\">e <span class=\"_ _6\"></span>partecip<span class=\"_ _3\"></span>azioni\u201d, <span class=\"_ _6\"></span><span class=\"ff1\">accoglie <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>effettuate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>sede <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impairment <span class=\"_ _6\"></span>test<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>partecipazioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>si </span></span></span>riferiscono p<span class=\"_ _5\"></span>er 2<span class=\"_ _5\"></span>2,1 milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>partecipazione <span class=\"_ _5\"></span><span class=\"ls23\">in</span> <span class=\"_ _5\"></span>Set <span class=\"_ _5\"></span>Spa, <span class=\"_ _5\"></span>veicolo <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>quale il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>detiene <span class=\"_ _5\"></span>quote di <span class=\"_ _7\"></span>produzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>impianto <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>generazione <span class=\"_ _5\"></span>elettrica<span class=\"_ _5\"></span> <span class=\"_ _7\"></span><span class=\"ls13\">(p</span><span class=\"ff5\">er <span class=\"_ _7\"></span>maggiori <span class=\"_ _5\"></span>dettagli <span class=\"_ _7\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>nota <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>7 <span class=\"_ _5\"></span>\u201cImpairment <span class=\"_ _7\"></span>test </span>partecipazioni\u201d<span class=\"ff1\">) <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _6\"></span></span>per <span class=\"_ _6\"></span>4,9 <span class=\"_ _6\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>partecipazione <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>Aimag <span class=\"_ _6\"></span>Spa, <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>multiutility <span class=\"_ _6\"></span>operant<span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>nei <span class=\"_ _6\"></span>servizi </span>idrici, ambientali, en<span class=\"_ _3\"></span>ergetici e di pubblica ill<span class=\"_ _3\"></span>uminazione<span class=\"_ _5\"></span>. \u201cAttualizzazione fondi\u201d,<span class=\"ff1\"> la voce s<span class=\"_ _3\"></span>i compone delle seguenti<span class=\"_ _3\"></span> fattispecie: </span>NOTE 2024 2023 VAR. Post mortem dis<span class=\"_ _3\"></span>cariche 31<span class=\"ls0\"> </span>18,6 0,3 18,3 Ripristino beni di terzi 31<span class=\"ls0\"> </span>5,2 4,4 0,8 Benefici ai dipende<span class=\"_ _3\"></span>nti 30<span class=\"ls0\"> </span>2,4 3,0 (0,6) Smantellamento im<span class=\"_ _3\"></span>pianti 31<span class=\"ls0\"> </span>0,2 0,2 \u2010<span class=\"ff4\"> </span>Totale 26,4 7,9 18,5 Per <span class=\"_ _8\"> </span>l\u2019analisi <span class=\"_ _8\"> </span>della <span class=\"_ _10\"> </span>variazione <span class=\"_ _8\"> </span>degli <span class=\"_ _8\"> </span>oneri <span class=\"_ _8\"> </span>da <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ttualizzazi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>fondi <span class=\"_ _8\"> </span>rispetto <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>confronto, <span class=\"_ _8\"> </span>laddove significativa, si rima<span class=\"_ _3\"></span>nda alle note di comment<span class=\"_ _3\"></span>o delle rispettive vo<span class=\"_ _3\"></span>ci patrimoniali.<span class=\"_ _5\"></span> \u201cOneri da valutazion<span class=\"_ _3\"></span>e a fair value di attivit\u00e0<span class=\"_ _3\"></span> e passivit\u00e0 finanziari<span class=\"_ _3\"></span>e\u201d, la voce si compone<span class=\"_ _3\"></span> delle seguenti fattispe<span class=\"_ _3\"></span>cie:<span class=\"_ _7\"></span><span class=\"ff1\"> </span>NOTE 2024 2023 VAR. Prestiti obbligazion<span class=\"_ _3\"></span>ari 29<span class=\"ls0\"> </span>21,2 \u2010<span class=\"ff12\"> </span>21,2 Opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi poten<span class=\"_ _3\"></span>ziali 19<span class=\"ls0\"> </span>0,7 0,1 0,6 Crediti efficientame<span class=\"_ _3\"></span>nto energetico 37<span class=\"ls0\"> </span>(5,0) 56,4 (61,4) Totale 16,9 56,5 (39,6) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Prestiti <span class=\"_ _5\"></span>obbligazionari <span class=\"_ _7\"></span>rappresenta <span class=\"_ _5\"></span>l<span class=\"ff5\">\u2019effetto <span class=\"_ _5\"></span>delle</span> <span class=\"_ _7\"></span>rettifiche <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutazione, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>applicazione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>copertura <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>fair </span></span>value, <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>prestito <span class=\"_ _5\"></span>obbligazionario <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valuta<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">che <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _5\"></span>rimborsato <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>qual<span class=\"_ _3\"></span>e </span>la relazione \u00e8 risultat<span class=\"_ _3\"></span>a efficace fino alla dat<span class=\"_ _3\"></span>a di scadenza; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">Opzioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>vendita <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>corrispettivi <span class=\"_ _6\"></span>potenziali <span class=\"_ _7\"></span>rappresentano <span class=\"_ _6\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>effetti <span class=\"_ _7\"></span>negativi <span class=\"_ _6\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019aggiornamento <span class=\"_ _7\"></span>delle </span></span>stime  delle  passivit\u00e0  i<span class=\"_ _3\"></span>scritte  a  bilancio  negli  eserc<span class=\"_ _3\"></span>izi  precedenti  in  relazio<span class=\"_ _3\"></span>ne  a  operazioni  straordinarie<span class=\"_ _3\"></span>  di acquisizione societaria; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Crediti <span class=\"_ _10\"> </span>efficientame<span class=\"_ _3\"></span>nto <span class=\"_ _10\"> </span>energetico <span class=\"_ _10\"> </span>sono <span class=\"_ _4\"> </span>relativi <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>valutazio<span class=\"_ _3\"></span>ne <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>valore <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>mercato <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _4\"> </span>correlati </span></span>all\u2019applicazione <span class=\"_ _d\"> </span>dello <span class=\"_ _f\"> </span>sconto <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>attura <span class=\"_ _d\"> </span>ai <span class=\"_ _f\"> </span>clienti <span class=\"_ _f\"> </span>finali <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>interventi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>efficientam<span class=\"_ _3\"></span>ento <span class=\"_ _f\"> </span>energetico. <span class=\"_ _d\"> </span>La <span class=\"_ _f\"> </span>policy contabile <span class=\"_ _6\"></span>adottata <span class=\"_ _6\"></span>dal <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _6\"></span>prevede <span class=\"_ _e\"> </span>che <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>caso <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>successiva <span class=\"_ _6\"></span>cessione <span class=\"_ _6\"></span>venga <span class=\"_ _6\"></span>rilevato <span class=\"_ _6\"></span>l\u2019onere <span class=\"_ _6\"></span>consuntivo correlato <span class=\"_ _5b\"> </span>all\u2019operazione <span class=\"_ _5b\"> </span>nella <span class=\"_ _1f\"> </span>voce <span class=\"_ _5b\"> </span>\u201cOneri <span class=\"_ _1f\"> </span>da <span class=\"_ _5b\"> </span>factoring <span class=\"_ _1f\"> </span>e <span class=\"_ _5b\"> </span>cessioni <span class=\"_ _1f\"> </span>crediti <span class=\"_ _5b\"> </span>fiscali\u201d, <span class=\"_ _1f\"> </span>procedendo<span class=\"_ _3\"></span> contemporaneamente <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>chiusura <span class=\"_ _6\"></span>della <span class=\"_ _e\"> </span>posizione <span class=\"_ _e\"></span>valutativa <span class=\"_ _6\"></span>aperta<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>precedentemente, <span class=\"_ _e\"> </span>generando <span class=\"_ _e\"></span>un <span class=\"_ _6\"></span>effetto sostanzialmente  c<span class=\"_ _5\"></span>ompensati<span class=\"_ _3\"></span>vo, <span class=\"_ _4\"> </span>mentre <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>caso <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>compensazione <span class=\"_ _4\"> </span>all\u2019interno <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>Gruppo  si <span class=\"_ _10\"> </span>proceda <span class=\"_ _4\"> </span>alla valutazione <span class=\"_ _e\"></span>al <span class=\"_ _e\"> </span>costo <span class=\"_ _d\"> </span>ammortizzato, <span class=\"_ _e\"></span>rilevando <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>corrisponde<span class=\"_ _5\"></span>nte <span class=\"_ _e\"> </span>provento <span class=\"_ _d\"> </span>finanziario <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>virt\u00f9 <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>risparmio <span class=\"_ _e\"> </span>di cassa <span class=\"_ _6\"></span>generato. <span class=\"_ _6\"></span>Nel <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span><span class=\"ff5\">ll\u2019esercizio</span> <span class=\"_ _6\"></span>2024, <span class=\"_ _6\"></span>inoltr<span class=\"_ _3\"></span>e, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>conto <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>fattura<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>assoggettati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valutazion<span class=\"_ _3\"></span>e sono  risultat<span class=\"_ _3\"></span>i  di  im<span class=\"_ _3\"></span>porto  limit<span class=\"_ _3\"></span>ato  rispetto<span class=\"_ _3\"></span>  al<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019esercizio</span> <span class=\"_ _f\"> </span>di  confronto  p<span class=\"_ _3\"></span>er  effetto <span class=\"_ _f\"> </span>delle  normativ<span class=\"_ _3\"></span>e  emanate <span class=\"_ _f\"> </span>dal Governo <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>hanno <span class=\"_ _6\"></span>limitato <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>fattispecie <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>tutto <span class=\"_ _e\"></span>residuali <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>suddetto <span class=\"_ _e\"></span>meccanismo<span class=\"_ _5\"></span>, <span class=\"_ _e\"> </span>mentre <span class=\"_ _6\"></span>si <span class=\"_ _e\"></span>sono <span class=\"_ _6\"></span>ri<span class=\"_ _5\"></span>levati <span class=\"_ _6\"></span>i reversal <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>osizioni <span class=\"_ _e\"></span>valutative <span class=\"_ _e\"></span>aperte <span class=\"_ _d\"> </span><span class=\"lse\">ne</span><span class=\"ff5\">ll\u2019esercizio</span> <span class=\"_ _e\"> </span>precedent<span class=\"ls10\">e,</span> <span class=\"_ _e\"></span>a <span class=\"_ _d\"> </span>seguito <span class=\"_ _e\"></span>dalle <span class=\"_ _e\"> </span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>cessione <span class=\"_ _e\"> </span>di crediti d\u2019imposta <span class=\"ff1\">realizzate.<span class=\"_ _3\"></span> </span>\u201c<span class=\"ff1\">Attualizzazione <span class=\"_ _c\"> </span>opzioni <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>corrispettivi <span class=\"_ _c\"> </span>su <span class=\"_ _22\"> </span>partecipazioni</span>\u201d, <span class=\"_ _22\"> </span>accolgono <span class=\"_ _c\"> </span><span class=\"ff1\">principalmente <span class=\"_ _c\"> </span>gli <span class=\"_ _c\"> </span>oneri <span class=\"_ _22\"> </span>figurativi <span class=\"_ _1d\"> </span>da </span>attualizzazione c<span class=\"_ _5\"></span>orrelati alla <span class=\"_ _7\"></span>valutazione a <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>opzioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita <span class=\"_ _7\"></span>riconosciute ai <span class=\"_ _5\"></span>soc<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>minoranza, <span class=\"_ _5\"></span>come riportato alla nota <span class=\"ls10\">19</span> <span class=\"ff5\">\u201cPa<span class=\"_ _3\"></span>ssivit\u00e0 finanziarie\u201d. <span class=\"ff1\"> </span></span>\u201cOneri <span class=\"_ _e\"> </span>da <span class=\"_ _6\"></span>derivati\u201d <span class=\"_ _e\"> </span>accolgono <span class=\"_ _6\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _e\"> </span>sia <span class=\"_ _e\"> </span>della <span class=\"_ _6\"> </span>valutazione <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>del <span class=\"_ _6\"> </span>realizzo <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>derivati <span class=\"_ _6\"> </span>su <span class=\"_ _e\"> </span>tassi <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>cambi, <span class=\"_ _6\"> </span>co<span class=\"_ _5\"></span>m<span class=\"_ _3\"></span>e dettagliato nella nota<span class=\"_ _3\"></span> 29 \u201cStrumenti deri<span class=\"_ _3\"></span>vati\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u201cAltri oneri finanziari\u201d<span class=\"_ _3\"></span>, di natura <span class=\"ff1\">residuale, la voce si compo<span class=\"_ _3\"></span>ne delle seguenti fattisp<span class=\"_ _3\"></span>ecie:<span class=\"_ _5\"></span> </span>NOTE 2024 2023 VAR. Scoperti bancari a bre<span class=\"_ _3\"></span>ve 3,5 1,7 1,8 Leasing 22<span class=\"ls0\"> </span>2,9 2,8 0,1 Altri oneri 3,7 2,6 1,1 Totale 10,1 7,1 3,0 Altri <span class=\"_ _4\"> </span>oneri <span class=\"_ _10\"> </span>accolgon<span class=\"_ _3\"></span>o <span class=\"_ _10\"> </span>principalmente <span class=\"_ _4\"> </span>interessi <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>intermedia<span class=\"_ _3\"></span>zione <span class=\"_ _4\"> </span>finanziaria <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>interessi  relativi <span class=\"_ _10\"> </span>a  d<span class=\"_ _5\"></span>ilazioni  di pagamento.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "<div class=\"c w111 h3c gs152\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w112 h3c gs153\"><div class=\"t m0 x7 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w111 h3c gs154\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs155\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri da prestiti <span class=\"_ _3\"></span>obbligazionari e finan<span class=\"_ _3\"></span>ziamenti </div></div><div class=\"c w111 h3c gs156\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">119,9 </div></div><div class=\"c w112 h3c gs157\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">133,9 </div></div><div class=\"c w111 h3c gs158\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(14,0) </div></div><div class=\"c w113 h3c gs159\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri da factoring <span class=\"_ _3\"></span>e cessione crediti fisc<span class=\"_ _3\"></span>ali </div></div><div class=\"c w111 h3c gs15a\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">58,2 </div></div><div class=\"c w112 h3c gs15b\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">58,8 </div></div><div class=\"c w111 h3c gs15c\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w113 h3c gs15d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Valutazione al c<span class=\"_ _3\"></span>osto ammortizzato di pa<span class=\"_ _3\"></span>ssivit\u00e0 finanziarie </div></div><div class=\"c w111 h3c gs15e\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">30,3 </div></div><div class=\"c w112 h3c gs15f\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">33,5 </div></div><div class=\"c w111 h3c gs160\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(3,2) </div></div><div class=\"c w113 h3c gs161\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Svalutazione parte<span class=\"_ _3\"></span>cipazioni </div></div><div class=\"c w111 h3c gs162\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">27,0 </div></div><div class=\"c w112 h3c gs163\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,9 </div></div><div class=\"c w111 h3c gs164\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">21,1 </div></div><div class=\"c w113 h3c gs165\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attualizzazione fon<span class=\"_ _3\"></span>di </div></div><div class=\"c w111 h3c gs166\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">26,4 </div></div><div class=\"c w112 h3c gs167\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">7,9 </div></div><div class=\"c w111 h3c gs168\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">18,5 </div></div><div class=\"c w113 h3c gs169\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri da valutazio<span class=\"_ _3\"></span>ne a fair value di atti<span class=\"_ _3\"></span>vit\u00e0 e passivit\u00e0 fina<span class=\"_ _3\"></span>nziarie </div></div><div class=\"c w111 h3c gs16a\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">16,9 </div></div><div class=\"c w112 h3c gs16b\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">56,5 </div></div><div class=\"c w111 h3c gs16c\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(39,6) </div></div><div class=\"c w113 h3c gs16d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attualizzazione <span class=\"_ _3\"></span>opzioni e corrispettivi s<span class=\"_ _3\"></span>u partecipazioni </div></div><div class=\"c w111 h3c gs16e\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">11,6 </div></div><div class=\"c w112 h3c gs16f\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">17,6 </div></div><div class=\"c w111 h3c gs170\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(6,0) </div></div><div class=\"c w113 h3c gs171\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri da derivati<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gs172\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,1 </div></div><div class=\"c w112 h3c gs173\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">23,8 </div></div><div class=\"c w111 h3c gs174\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(15,7) </div></div><div class=\"c w113 h3c gs175\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri oneri finanziari<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gs176\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">10,1 </div></div><div class=\"c w112 h3c gs177\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">7,1 </div></div><div class=\"c w111 h3c gs178\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,0 </div></div><div class=\"c w113 h339 gs17a\"><div class=\"t m0 x0 h13 y89 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h339 gs17b\"><div class=\"t m0 x99 h13 y89 ff2 fs3 fc10 sc0 ls0 ws0\">308,5<span class=\"fce\"> </span></div></div><div class=\"c w112 h339 gs17c\"><div class=\"t m0 x99 h13 y89 ff2 fs3 fc10 sc0 ls0 ws0\">345,0<span class=\"fce\"> </span></div></div><div class=\"c w111 h339 gs17d\"><div class=\"t m0 x98 h13 y89 ff2 fs3 fc10 sc0 ls0 ws0\">(36,5)<span class=\"fce\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "11<span class=\"ls57\">  <span class=\"ls0\">Quota  di <span class=\"_ _c\"> </span>utili  (perdite<span class=\"_ _3\"></span>)  di  joint  ventur<span class=\"_ _3\"></span>e  e  societ<span class=\"_ _3\"></span>\u00e0 </span></span>collegate<span class=\"ls0\"> </span>2024 2023 VAR. Quota di risultato n<span class=\"_ _3\"></span>etto joint venture 2,4 2,8 (0,4) Quota di risultato n<span class=\"_ _3\"></span>etto societ\u00e0 collegate 9,9 7,5 2,4 Totale 12,3 10,3 2,0 Le <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>perdite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>joint <span class=\"_ _5\"></span>venture <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>collegate comprendono <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>generati <span class=\"_ _5\"></span>dalla v<span class=\"_ _5\"></span>alutazione con <span class=\"_ _7\"></span>il metodo del <span class=\"ff5\">patrimonio netto dell<span class=\"_ _3\"></span>e societ\u00e0 rientranti nell\u2019area di <span class=\"_ _3\"></span>consolidamento, il cui dettagli<span class=\"_ _3\"></span>o \u00e8 riportato alla nota 26 </span>\u201cPartecipazioni<span class=\"ff1\"> valutate con i<span class=\"_ _3\"></span>l metodo del patrim<span class=\"_ _3\"></span>onio netto e Altre parteci<span class=\"_ _3\"></span>pazioni<span class=\"_ _5\"></span><span class=\"ff5 ls13\">\u201d.</span> </span>Come <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>paragrafo <span class=\"_ _5\"></span>2.02.01 <span class=\"_ _5\"></span>\u201cIntroduzione\u201d, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>quale <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>maggiori detta<span class=\"_ _5\"></span>gli, nel <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>orso <span class=\"_ _5\"></span>dell\u2019esercizio<span class=\"_ _3\"></span> 2024 <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>roceduto <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>esporre <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>presente <span class=\"_ _7\"></span>voce <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>schema <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>gestione <span class=\"_ _7\"></span>finanziaria <span class=\"_ _7\"></span>e <span class=\"_ _d\"> </span><span class=\"ff5\">l\u2019utile</span> <span class=\"_ _6\"></span>prima <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>imposte, separandola <span class=\"_ _7\"></span>dalla <span class=\"_ _6\"></span>ges<span class=\"_ _3\"></span>tione <span class=\"_ _7\"></span>finanziaria <span class=\"_ _6\"></span>nella<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>quale <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ra <span class=\"_ _7\"></span>ricompresa <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>prospetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>conto <span class=\"_ _6\"></span>econ<span class=\"_ _3\"></span>omico <span class=\"_ _7\"></span>pubblicato <span class=\"_ _6\"></span>per l\u2019esercizio 2023.<span class=\"ff1\"> </span><div class=\"c w111 h3c gs793\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gs794\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gs795\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gs796\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Partecipazioni valutat<span class=\"_ _3\"></span>e con il metodo del <span class=\"_ _3\"></span>patrimonio netto </div></div><div class=\"c w111 h3c gs797\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">127,3 </div></div><div class=\"c w112 h3c gs798\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">147,0 </div></div><div class=\"c w111 h3c gs799\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(19,7) </div></div><div class=\"c w110 h3c gs79a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre partecipazi<span class=\"_ _3\"></span>oni </div></div><div class=\"c w111 h3c gs79b\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">47,3 </div></div><div class=\"c w112 h3c gs79c\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">48,6 </div></div><div class=\"c w111 h3c gs79d\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c w110 h3c gs79e\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs79f\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">174,6 </div></div><div class=\"c w112 h3c gs7a0\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">195,6 </div></div><div class=\"c w111 h3c gs7a1\"><div class=\"t m0 x98 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(21,0) </div></div><div class=\"c w2 h0 gs7a3\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Le <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>joint <span class=\"_ _6\"></span>venture <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>societ\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>collegate <span class=\"_ _6\"></span>riflettono <span class=\"_ _6\"></span>il<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>recepiment<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>e </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">delle <span class=\"_ _10\"> </span>perdite <span class=\"_ _10\"> </span>pro-quota <span class=\"_ _10\"> </span>consuntivati <span class=\"_ _10\"> </span>dalle <span class=\"_ _10\"> </span>rispettive <span class=\"_ _10\"> </span>societ\u00e0 <span class=\"_ _10\"> </span>(incluse <span class=\"_ _10\"> </span>le <span class=\"_ _10\"> </span>altre <span class=\"_ _10\"> </span>componenti <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>conto <span class=\"_ _10\"> </span>economico </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">complessivo),  nonch\u00e9 <span class=\"_ _10\"> </span><span class=\"ff5\">l\u2019event<span class=\"_ _3\"></span>uale <span class=\"_ _4\"> </span>riduzione  d<span class=\"_ _5\"></span>el  valore <span class=\"_ _10\"> </span>per  dividendi <span class=\"_ _10\"> </span><span class=\"ff1\">distribuiti  e <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>er  svalutazioni  a<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>seguito  d<span class=\"_ _5\"></span>i </span></span></div><div class=\"t m0 x1b h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\">impairment test. </div><div class=\"t m0 x6b h4e ya85 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y37f ff1 fs1 fc1 sc0 ls0 ws0\">La movimentazione <span class=\"_ _3\"></span>delle partecipazioni cons<span class=\"_ _3\"></span>olidate con il metod<span class=\"_ _3\"></span>o del patrimonio netto risult<span class=\"_ _3\"></span>a essere la seguente:<span class=\"_ _5\"></span> </div><div class=\"t m0 x6b h4e y380 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w2f5 h361 gs7a4\"><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE INIZIA<span class=\"_ _3\"></span>LE</div><div class=\"t mb x4 h13 y1dbe ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f5 h361 gs7a5\"><div class=\"t mb xa7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">INVESTIMENTI <span class=\"_ _3\"></span>E  </div><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DISINVESTIME<span class=\"_ _3\"></span>NTI</div><div class=\"t mb x4 h13 y13c6 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w24a h361 gs7a6\"><div class=\"t mb xa7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">RISULTATO </div><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DELL'ESERCIZI<span class=\"_ _3\"></span>O</div><div class=\"t mb x4 h13 y31 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w249 h361 gs7a7\"><div class=\"t mb xa7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DIVIDENDI </div><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DISTRIBUITI</div><div class=\"t mb x4 h13 y13a2 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f5 h361 gs7a8\"><div class=\"t mb xa9 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONE </div><div class=\"t mb xa7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DELL'AREA DI </div><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONSOLIDAME<span class=\"_ _3\"></span>NTO</div><div class=\"t mb x4 h13 y1d8f ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w24a h361 gs7a9\"><div class=\"t mb xa7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">SVALUTAZIONI E </div><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE VARIAZIO<span class=\"_ _3\"></span>NI</div><div class=\"t mb x4 h13 y1cd5 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f5 h361 gs7aa\"><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE FINAL<span class=\"_ _3\"></span>E</div><div class=\"t mb x4 h13 y1dbf ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f4 h3c gs7ab\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2f4 h3c gs7ac\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Societ\u00e0 joint vent<span class=\"_ _3\"></span>ure </div></div><div class=\"c w2f4 h3c gs7ad\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Enomondo Srl<span class=\"_ _3\"></span> </div></div><div class=\"c w2f5 h3c gs7ae\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">18,8 </div></div><div class=\"c w2f5 h3c gs7af\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7b0\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,2 </div></div><div class=\"c w249 h3c gs7b1\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(2,2) </div></div><div class=\"c w2f5 h3c gs7b2\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7b3\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w2f5 h3c gs7b4\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">18,6 </div></div><div class=\"c w2f4 h98 gs7b5\"><div class=\"t m0 x0 hf yddf ff4 fs3 fc1 sc0 ls0 ws0\">Set Spa </div></div><div class=\"c w2f5 h98 gs7b6\"><div class=\"t m0 x16 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">27,9 </div></div><div class=\"c w2f5 h98 gs7b7\"><div class=\"t m0 x4 hf y15f1 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h98 gs7b8\"><div class=\"t m0 x53 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">0,6 </div></div><div class=\"c w249 h98 gs7b9\"><div class=\"t m0 x4 hf y15f1 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h98 gs7ba\"><div class=\"t m0 x4 hf y15f1 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h98 gs7bb\"><div class=\"t m0 x32 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">(5,9) </div></div><div class=\"c w2f5 h98 gs7bc\"><div class=\"t m0 x16 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">22,6 </div></div><div class=\"c w2f4 h3c gs7bd\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale societ\u00e0 j<span class=\"_ _3\"></span>oint venture </div></div><div class=\"c w2f5 h3c gs7be\"><div class=\"t m0 x16 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">46,7 </div></div><div class=\"c w2f5 h3c gs7bf\"><div class=\"t m0 x4 h13 y70 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h3c gs7c0\"><div class=\"t m0 x53 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2,8 </div></div><div class=\"c w249 h3c gs7c1\"><div class=\"t m0 x32 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(2,2) </div></div><div class=\"c w2f5 h3c gs7c2\"><div class=\"t m0 x4 h13 y70 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h3c gs7c3\"><div class=\"t m0 x32 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(6,1) </div></div><div class=\"c w2f5 h3c gs7c4\"><div class=\"t m0 x16 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">41,2 </div></div><div class=\"c w2f4 h3c gs7c5\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Societ\u00e0 collegate </div></div><div class=\"c w2f4 h3c gs7c6\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Aimag Spa </div></div><div class=\"c w2f5 h3c gs7c7\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">51,2 </div></div><div class=\"c w2f5 h3c gs7c8\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7c9\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,4 </div></div><div class=\"c w249 h3c gs7ca\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,7) </div></div><div class=\"c w2f5 h3c gs7cb\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7cc\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gs7cd\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">50,9 </div></div><div class=\"c w2f4 h3c gs7ce\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Sgr Servizi Spa </div></div><div class=\"c w2f5 h3c gs7cf\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">25,5 </div></div><div class=\"c w2f5 h3c gs7d0\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7d1\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,3 </div></div><div class=\"c w249 h3c gs7d2\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2,1) </div></div><div class=\"c w2f5 h3c gs7d3\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7d4\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2f5 h3c gs7d5\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">26,8 </div></div><div class=\"c w2f4 h3c gs7d6\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">ASM SET Srl </div></div><div class=\"c w2f5 h3c gs7d7\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">18,9 </div></div><div class=\"c w2f5 h3c gs7d8\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7d9\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,5 </div></div><div class=\"c w249 h3c gs7da\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c w2f5 h3c gs7db\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7dc\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gs7dd\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">19,1 </div></div><div class=\"c w2f4 h3c gs7de\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">SEA - Servizi Ec<span class=\"_ _3\"></span>ologici Ambientali Srl </div></div><div class=\"c w2f5 h3c gs7df\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">9,1 </div></div><div class=\"c w2f5 h3c gs7e0\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7e1\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w249 h3c gs7e2\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,4) </div></div><div class=\"c w2f5 h3c gs7e3\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7e4\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gs7e5\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">9,0 </div></div><div class=\"c w2f4 h3c gs7e6\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale societ\u00e0 coll<span class=\"_ _3\"></span>egate </div></div><div class=\"c w2f5 h3c gs7e7\"><div class=\"t m0 xa6 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">104,7 </div></div><div class=\"c w2f5 h3c gs7e8\"><div class=\"t m0 x4 h13 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h3c gs7e9\"><div class=\"t m0 x53 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">7,5 </div></div><div class=\"c w249 h3c gs7ea\"><div class=\"t m0 x32 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(6,5) </div></div><div class=\"c w2f5 h3c gs7eb\"><div class=\"t m0 x4 h13 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h3c gs7ec\"><div class=\"t m0 x53 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2f5 h3c gs7ed\"><div class=\"t m0 xb2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">105,8 </div></div><div class=\"c w2f4 h90 gs7ee\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w2f5 h90 gs7ef\"><div class=\"t m0 xa6 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">151,4 </div></div><div class=\"c w2f5 h90 gs7f0\"><div class=\"t m0 x4 h13 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h90 gs7f1\"><div class=\"t m0 x16 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">10,3 </div></div><div class=\"c w249 h90 gs7f2\"><div class=\"t m0 x32 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(8,7) </div></div><div class=\"c w2f5 h90 gs7f3\"><div class=\"t m0 x4 h13 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h90 gs7f4\"><div class=\"t m0 x32 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(6,0) </div></div><div class=\"c w2f5 h90 gs7f5\"><div class=\"t m0 xb2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">147,0 </div></div><div class=\"c w2f4 h3c gs7f6\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span></div></div><div class=\"c w2f4 h3c gs7f7\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Societ\u00e0 joint vent<span class=\"_ _3\"></span>ure </div></div><div class=\"c w2f4 h3c gs7f8\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Enomondo Srl<span class=\"_ _3\"></span> </div></div><div class=\"c w2f5 h3c gs7f9\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">18,6 </div></div><div class=\"c w2f5 h3c gs7fa\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7fb\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,6 </div></div><div class=\"c w249 h3c gs7fc\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,4) </div></div><div class=\"c w2f5 h3c gs7fd\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs7fe\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w2f5 h3c gs7ff\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">19,7 </div></div><div class=\"c w2f4 h3c gs800\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Set Spa </div></div><div class=\"c w2f5 h3c gs801\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">22,6 </div></div><div class=\"c w2f5 h3c gs802\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs803\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w249 h3c gs804\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gs805\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs806\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(22,1) </div></div><div class=\"c w2f5 h3c gs807\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w2f4 h98 gs808\"><div class=\"t m0 x0 h13 y631 ff2 fs3 fc1 sc0 ls0 ws0\">Totale societ\u00e0 j<span class=\"_ _3\"></span>oint venture </div></div><div class=\"c w2f5 h98 gs809\"><div class=\"t m0 x16 h13 y631 ff2 fs3 fcb sc0 ls0 ws0\">41,2 </div></div><div class=\"c w2f5 h98 gs80a\"><div class=\"t m0 x4 h13 y631 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h98 gs80b\"><div class=\"t m0 x53 h13 y631 ff2 fs3 fcb sc0 ls0 ws0\">2,4 </div></div><div class=\"c w249 h98 gs80c\"><div class=\"t m0 x32 h13 y631 ff2 fs3 fcb sc0 ls0 ws0\">(1,4) </div></div><div class=\"c w2f5 h98 gs80d\"><div class=\"t m0 x4 h13 y631 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h98 gs80e\"><div class=\"t m0 xb2 h13 y631 ff2 fs3 fcb sc0 ls0 ws0\">(22,2) </div></div><div class=\"c w2f5 h98 gs80f\"><div class=\"t m0 x16 h13 y631 ff2 fs3 fcb sc0 ls0 ws0\">20,0 </div></div><div class=\"c w2f4 h3c gs810\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Societ\u00e0 collegate </div></div><div class=\"c w2f4 h3c gs811\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Aimag Spa </div></div><div class=\"c w2f5 h3c gs812\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">50,9 </div></div><div class=\"c w2f5 h3c gs813\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs814\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,5 </div></div><div class=\"c w249 h3c gs815\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gs816\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs817\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(4,9) </div></div><div class=\"c w2f5 h3c gs818\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">47,5 </div></div><div class=\"c w2f4 h3c gs819\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Sgr Servizi Spa </div></div><div class=\"c w2f5 h3c gs81a\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">26,8 </div></div><div class=\"c w2f5 h3c gs81b\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs81c\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">5,8 </div></div><div class=\"c w249 h3c gs81d\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2,2) </div></div><div class=\"c w2f5 h3c gs81e\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs81f\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w2f5 h3c gs820\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">30,3 </div></div><div class=\"c w2f4 h3c gs821\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">ASM SET Srl </div></div><div class=\"c w2f5 h3c gs822\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">19,1 </div></div><div class=\"c w2f5 h3c gs823\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs824\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w249 h3c gs825\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c w2f5 h3c gs826\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs827\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2f5 h3c gs828\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">19,2 </div></div><div class=\"c w2f4 h3c gs829\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">SEA - Servizi Ec<span class=\"_ _3\"></span>ologici Ambientali Srl </div></div><div class=\"c w2f5 h3c gs82a\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">9,0 </div></div><div class=\"c w2f5 h3c gs82b\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs82c\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w249 h3c gs82d\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gs82e\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gs82f\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gs830\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">10,3 </div></div><div class=\"c w2f4 h3c gs831\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale societ\u00e0 coll<span class=\"_ _3\"></span>egate </div></div><div class=\"c w2f5 h3c gs832\"><div class=\"t m0 xa6 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">105,8 </div></div><div class=\"c w2f5 h3c gs833\"><div class=\"t m0 x4 h13 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h3c gs834\"><div class=\"t m0 x53 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">9,9 </div></div><div class=\"c w249 h3c gs835\"><div class=\"t m0 x32 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(3,5) </div></div><div class=\"c w2f5 h3c gs836\"><div class=\"t m0 x4 h13 y66 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w24a h3c gs837\"><div class=\"t m0 x32 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(4,9) </div></div><div class=\"c w2f5 h3c gs838\"><div class=\"t m0 xb2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">107,3 </div></div>Totale 147,0 \u2010<span class=\"ff2 sc0\"> </span>12,3 (4,9) \u2010<span class=\"ff2 sc0\"> </span>(27,1) 127,3 Il <span class=\"_ _f\"> </span>risultato <span class=\"_ _d\"> </span><span class=\"ff5\">dell\u2019esercizio</span><span class=\"ls16\">, <span class=\"_ _d\"> </span></span>in <span class=\"_ _f\"> </span>miglioramento <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all<span class=\"_ _5\"></span><span class=\"ff5\">\u2019anno <span class=\"_ _d\"> </span>precedente, <span class=\"_ _d\"> </span>\u00e8  </span>i<span class=\"_ _3\"></span>nfluenzato <span class=\"_ _d\"> </span>positivamente <span class=\"_ _d\"> </span>da<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>maggior<span class=\"ls23\">i </span>risultati <span class=\"_ _6\"></span>conseguiti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>Sgr <span class=\"_ _6\"></span>S<span class=\"_ _3\"></span>ervizi <span class=\"_ _6\"></span>Spa, <span class=\"_ _6\"></span>operante <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>vendita <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>clienti <span class=\"_ _7\"></span>finali <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>commodity<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>gas <span class=\"_ _6\"></span>ed energia elettrica, parzialm<span class=\"_ _3\"></span>ente compensati dalla contrazione dei risultati della s<span class=\"_ _3\"></span>ociet\u00e0 Set Spa.<span class=\"_ _75\"> </span>Le <span class=\"_ _f\"> </span>\u201cSvalutazioni <span class=\"_ _f\"> </span>e  a<span class=\"_ _3\"></span>ltre <span class=\"_ _f\"> </span>variazioni\u201d <span class=\"_ _f\"> </span>accolgono<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _f\"> </span>principalmente <span class=\"_ _f\"> </span>le  ris<span class=\"_ _3\"></span>ultanze <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>valutazioni <span class=\"_ _f\"> </span>condotte <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>sede <span class=\"_ _f\"> </span>di<span class=\"_ _5\"></span> </span>impairment <span class=\"_ _e\"></span>test <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>relazione <span class=\"_ _e\"> </span>alla <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _d\"> </span>joint <span class=\"_ _e\"></span>venture <span class=\"_ _e\"></span>Set <span class=\"_ _e\"> </span>Spa <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>collegata <span class=\"_ _6\"></span>Aimag <span class=\"_ _e\"> </span>Spa<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _d\"> </span></span>Per <span class=\"_ _e\"></span>maggiori dettagli <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ulle <span class=\"_ _d\"> </span>assunzioni <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>sui <span class=\"_ _d\"> </span>ri<span class=\"_ _5\"></span>sultati <span class=\"_ _e\"></span>dei <span class=\"_ _d\"> </span>test <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>mpairment <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>cu<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>oggetti <span class=\"_ _e\"> </span>i <span class=\"_ _d\"> </span>valori <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>scrizione <span class=\"_ _e\"> </span>delle partecipazioni in <span class=\"_ _5\"></span>societ\u00e0 c<span class=\"_ _5\"></span>ollega<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>rappresentano veicoli <span class=\"_ _5\"></span>attraverso i <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo detiene quote <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>produzione di <span class=\"_ _5\"></span>impianti <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>generazione e<span class=\"_ _5\"></span>lettrica <span class=\"_ _5\"></span>(Set <span class=\"_ _5\"></span>Spa <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>Tamarete <span class=\"_ _5\"></span>Energia <span class=\"_ _5\"></span>Srl) <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>quanto <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>nella <span class=\"_ _5\"></span>successiva nota 27 \u201cImpairment te<span class=\"_ _3\"></span>st partecipazioni\u201d.<span class=\"ff1\"> </span>Si <span class=\"_ _6\"></span>espongono <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rincipali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>aggregati <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>joint <span class=\"_ _6\"></span>venture <span class=\"_ _6\"></span>Enomondo <span class=\"_ _6\"></span>Srl <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _6\"></span></span>S<span class=\"_ _3\"></span>et <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _7\"></span>a in<span class=\"ls0\">fluenza notevole (Aimag<span class=\"_ _3\"></span> Spa, ASM S<span class=\"_ _3\"></span>ET Srl, SEA Srl, Sgr Servizi Spa e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>Tamarete Energia Srl): </span>ATTIVIT\u00c0 SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti Immobili, impianti e m<span class=\"_ _3\"></span>acchinari 125,0 305,5 430,5 Diritti d'uso \u2010<span class=\"ff4\"> </span>0,8 0,8 Attivit\u00e0 immateriali 0,3 58,3 58,6 Avviamento \u2010<span class=\"ff4\"> </span>98,0 98,0 Altre partecipazi<span class=\"_ _3\"></span>oni \u2010<span class=\"ff4\"> </span>6,8 6,8 Attivit\u00e0 finanziarie 0,1 13,5 13,6 Attivit\u00e0 per imposte differit<span class=\"_ _1\"></span>e 1,9 1,1 3,0 Totale attivit\u00e0 n<span class=\"_ _3\"></span>on correnti 127,3 484,0 611,3 Attivit\u00e0 correnti Rimanenze 3,4 3,5 6,9 Crediti commerci<span class=\"_ _3\"></span>ali 62,1 212,0 274,1<span class=\"_ _75\"> </span>Attivit\u00e0 finanziarie \u2010<span class=\"ff4\"> </span>3,8 3,8 Attivit\u00e0 per imposte c<span class=\"_ _3\"></span>orrenti 5,9 0,2 6,1 Attivit\u00e0 derivanti da c<span class=\"_ _3\"></span>ontratti verso clie<span class=\"_ _3\"></span>nti correnti \u2010<span class=\"ff4\"> </span>0,1 0,1 Altre attivit\u00e0 corr<span class=\"_ _3\"></span>enti 8,1 100,8 108,9 Strumenti derivati<span class=\"_ _3\"></span> 0,1 \u2010<span class=\"ff4\"> </span>0,1 Disponibilit\u00e0 liquide e <span class=\"_ _3\"></span>mezzi equivalenti 13,0 24,2 37,2 Totale attivit\u00e0 c<span class=\"_ _3\"></span>orrenti 92,6 344,6 437,2 Totale attivit\u00e0 219,9 828,6 1.048,5<span class=\"_ _75\"> </span>PATRIMONIO N<span class=\"_ _3\"></span>ETTO E PASSIVIT<span class=\"_ _3\"></span>\u00c0 SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Capitale sociale e r<span class=\"_ _3\"></span>iserve Capitale sociale 14,1 87,9 102,0 Riserve 93,1 232,0 325,1 Utile (perdita) dell'<span class=\"_ _3\"></span>esercizio 4,8 33,5 38,3 Patrimonio nett<span class=\"_ _3\"></span>o del Gruppo 112,0 353,4 465,4 Interessenze di minor<span class=\"_ _3\"></span>anza 15,6 15,6 Totale patrimonio <span class=\"_ _3\"></span>netto 112,0 369,0 481,0 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 23,8 204,9 228,7 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing \u2010<span class=\"ff4\"> </span>0,6 0,6 Benefici ai dipende<span class=\"_ _3\"></span>nti 0,3 6,1 6,4 Fondi 0,3 44,4 44,7 Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite 0,3 0,5 0,8 Strumenti finanziari d<span class=\"_ _3\"></span>erivati 0,1 \u2010<span class=\"ff4\"> </span>0,1 Totale passivit\u00e0 n<span class=\"_ _3\"></span>on correnti 24,8 256,5 281,3 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 6,7 0,1 6,8 Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing \u2010<span class=\"ff4\"> </span>0,2 0,2 Debiti commerciali 69,2 162,9 232,1 Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste correnti 0,2 \u2010<span class=\"ff4\"> </span>0,2 Altre passivit\u00e0 corr<span class=\"_ _3\"></span>enti 7,0 39,9 46,9 Totale passivit\u00e0 c<span class=\"_ _3\"></span>orrenti 83,1 203,1 286,2 Totale passivit\u00e0<span class=\"_ _3\"></span> 107,9 459,6 567,5 Totale patrimonio <span class=\"_ _3\"></span>netto e totale p<span class=\"_ _3\"></span>assivit\u00e0 219,9 828,6 1.048,5 CONTO ECONOMI<span class=\"_ _3\"></span>CO SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Ricavi 132,1 673,1 805,2 Altri ricavi operativi 5,1 0,7 5,8 Materie prime e materi<span class=\"_ _3\"></span>ali (84,8) (395,1) (479,9) Costi per servizi (25,6) (123,3) (148,9) Costi del person<span class=\"_ _3\"></span>ale (2,7) (34,5) (37,2) Ammortamenti a<span class=\"_ _3\"></span>ccantonamenti e svaluta<span class=\"_ _3\"></span>zioni (15,0) (55,2) (70,2) Altre spese operati<span class=\"_ _3\"></span>ve (0,7) (8,4) (9,1) Utile operativo 8,4 57,3 65,7 Proventi finanziari 0,5 11,2 11,7 Oneri finanziari (2,7) (17,8) (20,5) Totale gestione fi<span class=\"_ _3\"></span>nanziaria (2,2) (6,6) (8,8) Altri ricavi (costi) <span class=\"_ _3\"></span>non operativi (0,1) \u2010<span class=\"ff4\"> </span>(0,1) Utile prima dell<span class=\"_ _3\"></span>e imposte 6,1 50,7 56,8 Imposte del peri<span class=\"_ _3\"></span>odo (1,3) (16,2) (17,5) Utile netto del p<span class=\"_ _3\"></span>eriodo 4,8 34,5 39,3<span class=\"_ _75\"> </span>Societ\u00e0 a control<span class=\"_ _3\"></span>lo congiunto<span class=\"fs8\"> </span>DENOMINAZIONE SEDE LEGALE CAPITALE SOCIALE (EURO) PERCENTUA<span class=\"_ _3\"></span>LE POSSEDUTA INTERESSENZA COMPLESSIVA DIRETTA INDIRETTA Enomondo Srl Faenza (Ra) 14.000.000 37,50% 37,50% Set Spa Milano  120.000 39,00% 39,00% Societ\u00e0 collegate<span class=\"_ _3\"></span> DENOMINAZIONE SEDE LEGALE CAPITALE SOCIA<span class=\"_ _3\"></span>LE (EURO) (*) PERCENTUA<span class=\"_ _3\"></span>LE POSSEDUTA INTERESSENZA COMPLESSIVA DIRETTA INDIRETTA Aimag Spa* Mirandola (Mo) 78.027.681 25,00% 25,00% ASM Servizi Energ<span class=\"_ _3\"></span>etici e Tecnologi<span class=\"_ _3\"></span>ci (ASM SET) Srl Rovigo 200.000 49,00% 49,00% SEA - Servizi Ecolo<span class=\"_ _3\"></span>gici Ambientali Srl Camerata Picen<span class=\"_ _3\"></span>a (An) 100.000 31,00% 31,00% Sgr Servizi Spa Rimini 5.982.262 29,61% 29,61% Tamarete Energia <span class=\"_ _3\"></span>Srl Ortona (Ch) 3.600.000 40,00% 40,00% * Il capitale sociale della societ\u00e0 \u00e8 costituito da 67.577.681 euro di azioni ordinarie e da 10.450.000 euro di azioni correlate. <div class=\"c w2 h0 gs1197\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Prospetto <span class=\"_ _e\"> </span>riepilogativo <span class=\"_ _d\"> </span>dati <span class=\"_ _d\"> </span>essenziali <span class=\"_ _e\"> </span><span class=\"ls10\">di</span> <span class=\"_ _d\"> </span>bilancio <span class=\"_ _e\"> </span>delle <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>controllo <span class=\"_ _e\"></span>congiunto <span class=\"_ _d\"> </span><span class=\"ls10\">ai</span> <span class=\"_ _e\"> </span>sensi <span class=\"_ _d\"> </span><span class=\"ff5\">dell\u2019art.2429,</span> <span class=\"_ _e\"> </span>ultimo </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">comma, del C.c. </div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w10d h8e gs1198\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">MGL/EURO </div></div><div class=\"c w364 h8e gs1199\"><div class=\"t m0 x94 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ENOMONDO </div><div class=\"t m0 x31 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">SRL </div></div><div class=\"c w10e h8e gs119a\"><div class=\"t m0 x31 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">SET </div><div class=\"t m0 xee h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">SPA </div></div><div class=\"c w10d h3c gs119b\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">ATTIVIT\u00c0 </div></div><div class=\"c w10d h3c gs119c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Immobilizzazioni </div></div><div class=\"c w364 h3c gs119d\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">35.920 </div></div><div class=\"c w10e h3c gs119e\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">92.528 </div></div><div class=\"c w10d h3c gs119f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivo circolante </div></div><div class=\"c w364 h3c gs11a0\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">24.754 </div></div><div class=\"c w10e h3c gs11a1\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">68.511 </div></div><div class=\"c w10d h90 gs11a2\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0<span class=\"_ _3\"></span> </div></div><div class=\"c w364 h90 gs11a3\"><div class=\"t m0 x72 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">60.674 </div></div><div class=\"c w10e h90 gs11a4\"><div class=\"t m0 x54 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">161.039 </div></div><div class=\"c w10d h3c gs11a6\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">PASSIVIT\u00c0 </div></div><div class=\"c w10d h3c gs11a8\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Capitale sociale </div></div><div class=\"c w364 h3c gs11a9\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">14.000 </div></div><div class=\"c w10e h3c gs11aa\"><div class=\"t m0 x63 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">120 </div></div><div class=\"c w10d h3c gs11ab\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Riserve  </div></div><div class=\"c w364 h3c gs11ac\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">23.556 </div></div><div class=\"c w10e h3c gs11ad\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">72.818 </div></div><div class=\"c w10d h3c gs11ae\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Utile netto / (perdit<span class=\"_ _3\"></span>a) </div></div><div class=\"c w364 h3c gs11af\"><div class=\"t m0 xf0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.748 </div></div><div class=\"c w10e h3c gs11b0\"><div class=\"t m0 xf0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(407) </div></div><div class=\"c w10d h3c gs11b1\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondi </div></div><div class=\"c w364 h3c gs11b2\"><div class=\"t m0 x63 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">731 </div></div><div class=\"c w10d h3c gs11b3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo Tfr </div></div><div class=\"c w364 h3c gs11b4\"><div class=\"t m0 x1e hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">12<span class=\"ls0\"> </span></div></div><div class=\"c w10e h3c gs11b5\"><div class=\"t m0 x63 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">324 </div></div><div class=\"c w10d h98 gs11b6\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti </div></div><div class=\"c w364 h98 gs11b7\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">18.627 </div></div><div class=\"c w10e h98 gs11b8\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">88.184 </div></div><div class=\"c w10d h3c gs11b9\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale passivit\u00e0<span class=\"_ _3\"></span> </div></div><div class=\"c w364 h3c gs11ba\"><div class=\"t m0 x72 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">60.674 </div></div><div class=\"c w10e h3c gs11bb\"><div class=\"t m0 x54 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">161.039 </div></div><div class=\"c w10d h3c gs11bc\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">CONTO ECONOMI<span class=\"_ _3\"></span>CO </div></div><div class=\"c w10d h3c gs11bd\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Valore della produ<span class=\"_ _3\"></span>zione </div></div><div class=\"c w364 h3c gs11be\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">31.351 </div></div><div class=\"c w10e h3c gs11bf\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">105.895 </div></div><div class=\"c w10d h3c gs11c0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi della produzi<span class=\"_ _3\"></span>one </div></div><div class=\"c w364 h3c gs11c1\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(26.004) </div></div><div class=\"c w10e h3c gs11c2\"><div class=\"t m0 xf4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(104.298) </div></div><div class=\"c w10d h90 gs11c3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari </div></div><div class=\"c w364 h90 gs11c4\"><div class=\"t m0 xf0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(150) </div></div><div class=\"c w10e h90 gs11c5\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(2.076) </div></div><div class=\"c w10d h3c gs11c6\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari </div></div><div class=\"c w364 h3c gs11c7\"><div class=\"t m0 x25 hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w10e h3c gs11c8\"><div class=\"t m0 x9c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(94) </div></div><div class=\"c w10d h3c gs11c9\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Imposte dell'eserci<span class=\"_ _3\"></span>zio </div></div><div class=\"c w364 h3c gs11ca\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(1.449) </div></div><div class=\"c w10e h3c gs11cb\"><div class=\"t m0 x63 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">166 </div></div><div class=\"c w10d h3c gs11cc\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Utile netto / (perdit<span class=\"_ _3\"></span>a) </div></div><div class=\"c w364 h3c gs11cd\"><div class=\"t m0 xf0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">3.748 </div></div><div class=\"c w10e h3c gs11ce\"><div class=\"t m0 xf0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(407) </div></div><div class=\"c w2 h0 gs11d0\"><div class=\"t m0 x1b h3 yee0 ff1 fs1 fc1 sc0 ls0 ws0\">Prospetto riepilogativo dati esse<span class=\"_ _3\"></span>nziali <span class=\"lse\">di</span> bilancio delle societ\u00e0 collegate <span class=\"ls10\">ai</span> sensi <span class=\"lse\">de</span><span class=\"ff5\">ll\u2019art.<span class=\"_ _3\"></span>2429,<span class=\"ff1\"> ultimo comma, del C.c. </span></span></div><div class=\"t m0 x1b h3 ye04 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2de h94 gs11d1\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">MGL/EURO </div></div><div class=\"c w2e1 h94 gs11d2\"><div class=\"t m0 x4 h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">AIMAG </div><div class=\"t m0 x8c h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SPA </div></div><div class=\"c w2df h94 gs11d3\"><div class=\"t m0 xe h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">ASM SET </div><div class=\"t m0 xac h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SRL </div></div><div class=\"c w2e1 h94 gs11d4\"><div class=\"t m0 x9d h13 y5e6 ff2 fs3 fc2 sc0 ls0 ws0\">SEA - SERVIZI </div><div class=\"t m0 xb2 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ECOLOGICI </div><div class=\"t m0 x15 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">AMBIENTALI SRL </div></div><div class=\"c w2e0 h94 gs11d5\"><div class=\"t m0 xbc h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">SGR SERVIZI </div><div class=\"t m0 x8c h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">SPA </div></div><div class=\"c w2e1 h94 gs11d6\"><div class=\"t m0 xb2 h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">TAMARETE </div><div class=\"t m0 x9d h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">ENERGIA SRL </div></div><div class=\"c w2de h3c gs11d7\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">ATTIVIT\u00c0 </div></div><div class=\"c w2de h3c gs11d8\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Immobilizzazioni </div></div><div class=\"c w2e1 h3c gs11d9\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">329.003 </div></div><div class=\"c w2df h3c gs11da\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">153 </div></div><div class=\"c w2e1 h3c gs11db\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">12.968 </div></div><div class=\"c w2e0 h3c gs11dc\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1.303 </div></div><div class=\"c w2e1 h3c gs11dd\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">42.219 </div></div><div class=\"c w2de h3c gs11de\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivo circolante </div></div><div class=\"c w2e1 h3c gs11df\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">83.906 </div></div><div class=\"c w2df h3c gs11e0\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">16.418 </div></div><div class=\"c w2e1 h3c gs11e1\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">17.979 </div></div><div class=\"c w2e0 h3c gs11e2\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">122.334 </div></div><div class=\"c w2e1 h3c gs11e3\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">11.727 </div></div><div class=\"c w2de h3c gs11e4\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0<span class=\"_ _3\"></span> </div></div><div class=\"c w2e1 h3c gs11e5\"><div class=\"t m0 xa8 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">412.909 </div></div><div class=\"c w2df h3c gs11e6\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">16.571 </div></div><div class=\"c w2e1 h3c gs11e7\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">30.947 </div></div><div class=\"c w2e0 h3c gs11e8\"><div class=\"t m0 xa8 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">123.637 </div></div><div class=\"c w2e1 h3c gs11e9\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">53.946 </div></div><div class=\"c w2de h90 gs11ea\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">PASSIVIT\u00c0 </div></div><div class=\"c w2de h3c gs11eb\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Capitale sociale </div></div><div class=\"c w2e1 h3c gs11ec\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">78.028 </div></div><div class=\"c w2df h3c gs11ed\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">200 </div></div><div class=\"c w2e1 h3c gs11ee\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">100 </div></div><div class=\"c w2e0 h3c gs11ef\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">5.982 </div></div><div class=\"c w2e1 h3c gs11f0\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.600 </div></div><div class=\"c w2de h3c gs11f1\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Riserve  </div></div><div class=\"c w2e1 h3c gs11f2\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">88.440 </div></div><div class=\"c w2df h3c gs11f3\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">662 </div></div><div class=\"c w2e1 h3c gs11f4\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">14.660 </div></div><div class=\"c w2e0 h3c gs11f5\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">49.775 </div></div><div class=\"c w2e1 h3c gs11f6\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2.471 </div></div><div class=\"c w2de h3c gs11f7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Utile netto / (perdit<span class=\"_ _3\"></span>a) </div></div><div class=\"c w2e1 h3c gs11f8\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4.174 </div></div><div class=\"c w2df h3c gs11f9\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2.653 </div></div><div class=\"c w2e1 h3c gs11fa\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4.122 </div></div><div class=\"c w2e0 h3c gs11fb\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">19.178 </div></div><div class=\"c w2e1 h3c gs11fc\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">581 </div></div><div class=\"c w2de h3c gs11fd\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondi </div></div><div class=\"c w2e1 h3c gs11fe\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">31.467 </div></div><div class=\"c w2df h3c gs11ff\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">7 </div></div><div class=\"c w2e1 h3c gs1200\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.097 </div></div><div class=\"c w2e0 h3c gs1201\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">217 </div></div><div class=\"c w2e1 h3c gs1202\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4.460 </div></div><div class=\"c w2de h3c gs1203\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo Tfr </div></div><div class=\"c w2e1 h3c gs1204\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2.038 </div></div><div class=\"c w2df h3c gs1205\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">326 </div></div><div class=\"c w2e1 h3c gs1206\"><div class=\"t m0 x19 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">599 </div></div><div class=\"c w2e0 h3c gs1207\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.675 </div></div><div class=\"c w2de h3c gs1208\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti </div></div><div class=\"c w2e1 h3c gs1209\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">208.762 </div></div><div class=\"c w2df h3c gs120a\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">12.723 </div></div><div class=\"c w2e1 h3c gs120b\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">10.369 </div></div><div class=\"c w2e0 h3c gs120c\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">46.810 </div></div><div class=\"c w2e1 h3c gs120d\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">42.834 </div></div><div class=\"c w2de h3c gs120e\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale passivit\u00e0<span class=\"_ _3\"></span> </div></div><div class=\"c w2e1 h3c gs120f\"><div class=\"t m0 xa8 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">412.909 </div></div><div class=\"c w2df h3c gs1210\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">16.571 </div></div><div class=\"c w2e1 h3c gs1211\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">30.947 </div></div><div class=\"c w2e0 h3c gs1212\"><div class=\"t m0 xa8 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">123.637 </div></div><div class=\"c w2e1 h3c gs1213\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">53.946 </div></div><div class=\"c w2de h98 gs1214\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">CONTO ECONOMI<span class=\"_ _3\"></span>CO </div></div><div class=\"c w2de h3c gs1215\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Valore della produ<span class=\"_ _3\"></span>zione </div></div><div class=\"c w2e1 h3c gs1216\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">123.236 </div></div><div class=\"c w2df h3c gs1217\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">36.841 </div></div><div class=\"c w2e1 h3c gs1218\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">19.127 </div></div><div class=\"c w2e0 h3c gs1219\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">213.282 </div></div><div class=\"c w2e1 h3c gs121a\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">19.681 </div></div><div class=\"c w2de h3c gs121b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi della produzi<span class=\"_ _3\"></span>one </div></div><div class=\"c w2e1 h3c gs121c\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(111.000) </div></div><div class=\"c w2df h3c gs121d\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(33.314) </div></div><div class=\"c w2e1 h3c gs121e\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(13.558) </div></div><div class=\"c w2e0 h3c gs121f\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(188.879) </div></div><div class=\"c w2e1 h3c gs1220\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(17.242) </div></div><div class=\"c w2de h3c gs1221\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari </div></div><div class=\"c w2e1 h3c gs1222\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(5.001) </div></div><div class=\"c w2df h3c gs1223\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">178 </div></div><div class=\"c w2e1 h3c gs1224\"><div class=\"t m0 x19 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">521 </div></div><div class=\"c w2e0 h3c gs1225\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">2.836 </div></div><div class=\"c w2e1 h3c gs1226\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(1.682) </div></div><div class=\"c w2de h90 gs1227\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari </div></div><div class=\"c w2e1 h90 gs1228\"><div class=\"t m0 xfd hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(1.072) </div></div><div class=\"c w2df h90 gs1229\"><div class=\"t m0 x7 hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2de h3c gs122a\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Imposte dell'eserci<span class=\"_ _3\"></span>zio </div></div><div class=\"c w2e1 h3c gs122b\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(1.989) </div></div><div class=\"c w2df h3c gs122c\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(1.052) </div></div><div class=\"c w2e1 h3c gs122d\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(1.968) </div></div><div class=\"c w2e0 h3c gs122e\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(8.061) </div></div><div class=\"c w2e1 h3c gs122f\"><div class=\"t m0 xb6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(176) </div></div><div class=\"c w2de h3c gs1230\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Utile netto / (perdit<span class=\"_ _3\"></span>a) </div></div><div class=\"c w2e1 h3c gs1231\"><div class=\"t m0 x30 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">4.174 </div></div><div class=\"c w2df h3c gs1232\"><div class=\"t m0 x30 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">2.653 </div></div><div class=\"c w2e1 h3c gs1233\"><div class=\"t m0 x30 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">4.122 </div></div><div class=\"c w2e0 h3c gs1234\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">19.178 </div></div><div class=\"c w2e1 h3c gs1235\"><div class=\"t m0 x19 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">581 </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "2.02.03 <span class=\"ls0\">- Fiscali<span class=\"_ _3\"></span>t\u00e0 </span>2024 2023 VAR. Utile prima dell<span class=\"_ _3\"></span>e imposte 736,2 656,4 79,8 Imposte (200,3) (173,2) (27,1) Utile netto dell'e<span class=\"_ _3\"></span>sercizio 535,9 483,2 52,7 Tax rate 27,2% 26,4% L\u2019incremento del tax ra<span class=\"_ _3\"></span>te \u00e8 riconducibile prin<span class=\"_ _3\"></span>cipalmente:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019effetto <span class=\"_ _d\"> </span>dello <span class=\"_ _f\"> </span>stralcio <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>credito <span class=\"_ _f\"> </span><span class=\"ff1\">correlato <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _d\"> </span>richiesta <span class=\"_ _d\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>rimborso <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>contributo <span class=\"_ _d\"> </span>extraprofitti <span class=\"_ _d\"> </span>versato <span class=\"_ _f\"> </span>da </span></span></span>EstE<span class=\"ff5\">nergy Spa nell\u2019es<span class=\"_ _3\"></span>ercizio 2022<span class=\"ff1\">; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019effetto di svalut<span class=\"_ _3\"></span>azioni non rilevanti fiscalm<span class=\"_ _3\"></span>ente;<span class=\"ff1\"> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">all<span class=\"ff5\">\u2019abolizione dal 1\u00b0 ge<span class=\"_ _3\"></span>nnaio 2024 dell\u2019agevolazione <span class=\"ff1\">Ace. </span></span></span></span>Si <span class=\"_ _7\"></span>segnala, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>tax <span class=\"_ _7\"></span>rate <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>confronto <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>isentiva <span class=\"_ _5\"></span>positivamente <span class=\"_ _6\"></span><span class=\"ff1\">delle <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>gevol<span class=\"_ _3\"></span>azioni <span class=\"_ _7\"></span>straordinarie<span class=\"ls1e\">, </span></span>terminate  n<span class=\"_ _3\"></span>el  primo <span class=\"_ _f\"> </span>semestre  2023<span class=\"ls16\">,  </span>riconos<span class=\"_ _3\"></span>ciute  <span class=\"ff5\">sottoforma <span class=\"_ _f\"> </span>di  credito <span class=\"_ _f\"> </span>d\u2019imposta</span>  e  introdotte  dal <span class=\"_ _f\"> </span>Governo  per l\u2019acquisto <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>energia <span class=\"_ _10\"> </span>elettric<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>gas<span class=\"ff1\"> <span class=\"_ _10\"> </span>durante <span class=\"_ _4\"> </span>la <span class=\"_ _10\"> </span>crisi <span class=\"_ _10\"> </span>energe<span class=\"_ _3\"></span>tica <span class=\"_ _10\"> </span>degli <span class=\"_ _4\"> </span>esercizi <span class=\"_ _10\"> </span>precedenti, <span class=\"_ _10\"> </span>che <span class=\"_ _10\"> </span>rappresent<span class=\"_ _3\"></span>ano </span>componenti di reddit<span class=\"_ _3\"></span>o non tassati per 43,3 m<span class=\"_ _3\"></span>ilioni di euro al 31 di<span class=\"_ _3\"></span>cembre 2023<span class=\"_ _5\"></span>. Il tax rate<span class=\"ff5\">, inferiore all\u2019<span class=\"_ _3\"></span>aliquota nominale Ires e <span class=\"_ _3\"></span>Irap,<span class=\"_ _5\"></span><span class=\"ff1\"> risente positivame<span class=\"_ _3\"></span>nte: </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">degli <span class=\"_ _7\"></span>effetti <span class=\"_ _6\"></span>positi<span class=\"_ _3\"></span>vi <span class=\"_ _7\"></span>su<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>risultato <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>valutazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>opzioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>ve<span class=\"_ _3\"></span>ndita<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>ed <span class=\"_ _6\"></span>earn <span class=\"_ _7\"></span>out <span class=\"_ _7\"></span>nei <span class=\"_ _6\"></span>confronti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i </span></span>soci di minoranza non rileva<span class=\"_ _3\"></span>nti fiscalmente; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 ls10\">de<span class=\"ls0\">i benefici <span class=\"_ _3\"></span>derivanti da affrancamenti di maggiori <span class=\"_ _3\"></span>valori correlati a operazioni straordinarie.</span></span></span><div class=\"c w2 h0 gs1eb\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">12  Imposte </div><div class=\"t m0 x23 h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y479 ff1 fs1 fc1 sc0 ls0 ws0\">La composizione della <span class=\"_ _3\"></span>voce per natura \u00e8 la seguente: </div><div class=\"t m0 x23 h3 y47a ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2c0 h91 gs1ec\"><div class=\"t m0 xf0 h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w2c1 h91 gs1ed\"><div class=\"t m0 xf0 h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w2c2 h91 gs1ee\"><div class=\"t m0 xa5 h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">VAR.<span class=\"fc0\"> </span></div></div><div class=\"c w1ce h8f gs1ef\"><div class=\"t m0 x9f h13 yc1 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTI </div></div><div class=\"c w1ed h8f gs1f0\"><div class=\"t m0 x0 h13 yc1 ff2 fs3 fc2 sc0 ls0 ws0\">ANTICIPATE </div></div><div class=\"c w1a5 h8f gs1f1\"><div class=\"t m0 x14 h13 yc1 ff2 fs3 fc2 sc0 ls0 ws0\">DIFFERITE </div></div><div class=\"c w2c4 h8f gs1f2\"><div class=\"t m0 x17 h13 yc1 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w233 h8f gs1f3\"><div class=\"t m0 x9f h13 yc1 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTI </div></div><div class=\"c w8b h8f gs1f4\"><div class=\"t m0 x0 h13 yc1 ff2 fs3 fc2 sc0 ls0 ws0\">ANTICIPATE </div></div><div class=\"c w2c5 h8f gs1f5\"><div class=\"t m0 x182 h13 yc1 ff2 fs3 fc2 sc0 ls0 ws0\">DIFFERITE </div></div><div class=\"c w2c6 h8f gs1f6\"><div class=\"t m0 x5 h13 yc1 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2c3 h91 gs1f7\"><div class=\"t m0 x0 hf y5cf ff4 fs3 fc1 sc0 ls0 ws0\">Ires </div></div><div class=\"c w1ce h91 gs1f8\"><div class=\"t m0 xaa hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">167,3 </div></div><div class=\"c w1ed h91 gs1f9\"><div class=\"t m0 xa5 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(28,5) </div></div><div class=\"c w1a5 h91 gs1fa\"><div class=\"t m0 x32 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(3,8) </div></div><div class=\"c w2c4 h91 gs1fb\"><div class=\"t m0 xf h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">135,0 </div></div><div class=\"c w233 h91 gs1fc\"><div class=\"t m0 xaa hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">178,9 </div></div><div class=\"c w8b h91 gs1fd\"><div class=\"t m0 xa5 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(63,9) </div></div><div class=\"c w2c5 h91 gs1fe\"><div class=\"t m0 x16 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">10,6 </div></div><div class=\"c w2c6 h91 gs1ff\"><div class=\"t m0 x1a3 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">125,6 </div></div><div class=\"c w1d0 h91 gs200\"><div class=\"t m0 xa4 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">9,4 </div></div><div class=\"c w2c3 h91 gs201\"><div class=\"t m0 x0 hf y5cf ff4 fs3 fc1 sc0 ls0 ws0\">Irap </div></div><div class=\"c w1ce h91 gs202\"><div class=\"t m0 xa2 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">45,4 </div></div><div class=\"c w1ed h91 gs203\"><div class=\"t m0 xa4 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(3,5) </div></div><div class=\"c w1a5 h91 gs204\"><div class=\"t m0 xe hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">0,6 </div></div><div class=\"c w2c4 h91 gs205\"><div class=\"t m0 x3a h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">42,5 </div></div><div class=\"c w233 h91 gs206\"><div class=\"t m0 xa2 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">47,2 </div></div><div class=\"c w8b h91 gs207\"><div class=\"t m0 xa4 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(4,1) </div></div><div class=\"c w2c5 h91 gs208\"><div class=\"t m0 x53 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">0,7 </div></div><div class=\"c w2c6 h91 gs209\"><div class=\"t m0 x9d h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">43,8 </div></div><div class=\"c w1d0 h91 gs20a\"><div class=\"t m0 xa5 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c w2c3 h8f gs20b\"><div class=\"t m0 x0 hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">Imposta sostituti<span class=\"_ _3\"></span>va </div></div><div class=\"c w1ce h8f gs20c\"><div class=\"t m0 xa2 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">13,2 </div></div><div class=\"c w1ed h8f gs20d\"><div class=\"t m0 xb1 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1a5 h8f gs20e\"><div class=\"t m0 xdb hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c4 h8f gs20f\"><div class=\"t m0 x3a h13 yc1 ff2 fs3 fcb sc0 ls0 ws0\">13,2 </div></div><div class=\"c w233 h8f gs210\"><div class=\"t m0 xa4 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">3,8 </div></div><div class=\"c w8b h8f gs211\"><div class=\"t m0 xb1 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c5 h8f gs212\"><div class=\"t m0 x4 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c6 h8f gs213\"><div class=\"t m0 xbc h13 yc1 ff2 fs3 fcb sc0 ls0 ws0\">3,8 </div></div><div class=\"c w1d0 h8f gs214\"><div class=\"t m0 xa4 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">9,4 </div></div><div class=\"c w2c3 h91 gs215\"><div class=\"t m0 x0 hf y5cf ff4 fs3 fc1 sc0 ls0 ws0\">Contributi straordin<span class=\"_ _3\"></span>ari </div></div><div class=\"c w1ce h91 gs216\"><div class=\"t m0 xa4 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">9,6 </div></div><div class=\"c w1ed h91 gs217\"><div class=\"t m0 xb1 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1a5 h91 gs218\"><div class=\"t m0 xdb hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c4 h91 gs219\"><div class=\"t m0 xa9 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">9,6 </div></div><div class=\"c w233 h91 gs21a\"><div class=\"t m0 x53 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w8b h91 gs21b\"><div class=\"t m0 xb1 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c5 h91 gs21c\"><div class=\"t m0 x4 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c6 h91 gs21d\"><div class=\"t m0 xa4 h13 yc1 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w1d0 h91 gs21e\"><div class=\"t m0 xa4 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">9,6 </div></div><div class=\"c w2c3 h91 gs21f\"><div class=\"t m0 x0 h13 y5cf ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w1ce h91 gs220\"><div class=\"t m0 xaa h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">235,5 </div></div><div class=\"c w1ed h91 gs221\"><div class=\"t m0 xa5 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">(32,0) </div></div><div class=\"c w1a5 h91 gs222\"><div class=\"t m0 x32 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">(3,2) </div></div><div class=\"c w2c4 h91 gs223\"><div class=\"t m0 xf h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">200,3 </div></div><div class=\"c w233 h91 gs224\"><div class=\"t m0 xaa h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">229,9 </div></div><div class=\"c w8b h91 gs225\"><div class=\"t m0 xa5 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">(68,0) </div></div><div class=\"c w2c5 h91 gs226\"><div class=\"t m0 x16 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">11,3 </div></div><div class=\"c w2c6 h91 gs227\"><div class=\"t m0 x1a3 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">173,2 </div></div><div class=\"c w1d0 h91 gs228\"><div class=\"t m0 xa2 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">27,1 </div></div><div class=\"c w2 h0 gs1eb\"><div class=\"t m0 x23 h3 y10ba ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019esercizio <span class=\"_ _e\"> </span>202<span class=\"ff1\">4 <span class=\"_ _d\"> </span>presenta <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>carico <span class=\"_ _d\"> </span>fiscale <span class=\"_ _e\"></span>corrente <span class=\"_ _d\"> </span>superiore <span class=\"_ _e\"> </span></span>a <span class=\"_ _d\"> </span>quello <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ell\u2019esercizi<span class=\"_ _3\"></span>o <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>recedente<span class=\"ff1\">, <span class=\"_ _d\"> </span>coerentemente<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y1c7b ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019aumento del<span class=\"ff1\"> risultato ante<span class=\"_ _3\"></span> imposte, al netto di alcune com<span class=\"_ _3\"></span>ponenti non ricorrenti <span class=\"_ _3\"></span>non rilevanti fiscalmente<span class=\"_ _5\"></span>. </span></div><div class=\"t m0 x23 h3 y15ba ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y31e ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _7\"></span>fiscalit\u00e0 <span class=\"_ _5\"></span>anticipata <span class=\"_ _7\"></span>accoglie <span class=\"_ _7\"></span>l\u2019effetto <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>variazioni <span class=\"_ _6\"></span><span class=\"ff1\">temporanee <span class=\"_ _5\"></span>del<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>componenti <span class=\"_ _5\"></span>economiche <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>deducibili <span class=\"_ _7\"></span>dal </span></div><div class=\"t m0 x23 h3 y1c4d ff1 fs1 fc1 sc0 ls0 ws0\">reddito <span class=\"_ _2\"> </span>fiscale <span class=\"_ _1d\"> </span><span class=\"ff5\">nell\u2019eser<span class=\"_ _3\"></span>cizio<span class=\"ff1 ls16\">, <span class=\"_ _1d\"> </span></span>relati<span class=\"_ _3\"></span>ve <span class=\"_ _2\"> </span>principalmente <span class=\"_ _2\"> </span>all\u2019<span class=\"_ _5\"></span><span class=\"ff1\">accantonamento <span class=\"_ _2\"> </span>a <span class=\"_ _2\"> </span>fondo <span class=\"_ _1d\"> </span>svaluta<span class=\"_ _3\"></span>zione <span class=\"_ _2\"> </span>crediti <span class=\"_ _1d\"> </span>e <span class=\"_ _1d\"> </span>agli<span class=\"_ _3\"></span> </span></span></div><div class=\"t m0 x23 h3 y1c4e ff1 fs1 fc1 sc0 ls0 ws0\">accantonamenti <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>fondi.<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>Accoglie, <span class=\"_ _e\"></span>inoltre, <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>beneficio <span class=\"_ _e\"></span>sulle <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"> </span>Ires <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>Irap <span class=\"_ _e\"></span>derivante <span class=\"_ _e\"></span><span class=\"lse\">da<span class=\"lsf\">ll</span></span><span class=\"ff5\">\u2019affrancamento</span> <span class=\"_ _6\"></span>dei </div><div class=\"t m0 x23 h3 yb2c ff1 fs1 fc1 sc0 ls0 ws0\">maggiori valori originat<span class=\"_ _3\"></span>esi in seguito: </div><div class=\"t m0 x23 h5a yb2d ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">all\u2019acquisizione <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>controllo <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>A<span class=\"_ _5\"></span><span class=\"ff1\">.<span class=\"_ _5\"></span>C.R. <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>Reggiani <span class=\"_ _7\"></span>Albertino <span class=\"_ _7\"></span><span class=\"ls56\">Sp</span>a <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>F.ll <span class=\"_ _7\"></span>Franchini <span class=\"_ _5\"></span>Srl <span class=\"_ _7\"></span>ai <span class=\"_ _5\"></span>sensi </span></span></span></div><div class=\"t m0 x63 h3 y12ab ff1 fs1 fc1 sc0 ls0 ws0\">dei <span class=\"_ _6\"></span>commi <span class=\"_ _7\"></span>10-bis <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>10-<span class=\"ff5\">ter <span class=\"_ _6\"></span>dell\u2019art.15 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>D.L. <span class=\"_ _7\"></span>185/2008.<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>L\u2019effetto <span class=\"_ _6\"></span>sulle <span class=\"_ _7\"></span>imposte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nticipate <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>complessiv<span class=\"_ _3\"></span>i </span></div><div class=\"t m0 x63 h3 y1c7c ff1 fs1 fc1 sc0 ls0 ws0\">16,3 milioni di euro a<span class=\"_ _3\"></span> fronte del pagame<span class=\"_ _3\"></span>nto di imposte sostit<span class=\"_ _3\"></span>utive di 9,4 milioni di eur<span class=\"_ _3\"></span>o<span class=\"_ _7\"></span><span class=\"ls1e\">; </span> </div><div class=\"t m0 x23 h5a yfa4 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _6\"></span>scissione <span class=\"_ _e\"></span>parziale <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>Herambiente <span class=\"_ _6\"></span>Servizi <span class=\"_ _e\"></span>Industriali <span class=\"_ _6\"></span>Srl <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>A<span class=\"_ _5\"></span>.C.R. <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>Reggiani <span class=\"_ _6\"></span>Albertino <span class=\"_ _6\"></span><span class=\"ls20\">Sp<span class=\"_ _5\"></span></span>a <span class=\"_ _6\"></span>ai <span class=\"_ _e\"></span>sensi <span class=\"_ _6\"></span>del </span></span></div><div class=\"t m0 x63 h43 yb30 ff5 fs1 fc1 sc0 ls0 ws0\">comma 10 dell\u2019art.15 del <span class=\"_ _5\"></span>D.L. 185/2008. L<span class=\"_ _5\"></span>\u2019effetto sulle imposte anticipate \u00e8 pari a <span class=\"_ _5\"></span>4,1 milioni di euro a<span class=\"_ _5\"></span> fronte del </div><div class=\"t m0 x63 h3 y147 ff1 fs1 fc1 sc0 ls0 ws0\">pagamento di una imp<span class=\"_ _3\"></span>osta sostitutiva di 2,3 milioni di euro<span class=\"ls16\">; </span> </div><div class=\"t m0 x23 h5a y884 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">alla <span class=\"_ _6\"></span><span class=\"ff5\">fusione <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>incorporazion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>Asco <span class=\"_ _6\"></span>TLC <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>Acantho <span class=\"_ _6\"></span>Spa, <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>sensi <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>comma <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>dell\u2019art.1<span class=\"_ _3\"></span>5 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>D.L. </span></span></span></div><div class=\"t m0 x63 h3 yff6 ff1 fs1 fc1 sc0 ls0 ws0\">185/2008. <span class=\"_ _6\"></span><span class=\"ff5\">L\u2019effett<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>sulle <span class=\"_ _7\"></span>imposte <span class=\"_ _6\"></span>anticipate<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>comple<span class=\"_ _3\"></span>ssivi <span class=\"_ _6\"></span>2,6 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>fronte<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>pagam<span class=\"_ _3\"></span>ento <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i </span></div><div class=\"t m0 x63 h3 y41d ff1 fs1 fc1 sc0 ls0 ws0\">una imposta sostituti<span class=\"_ _3\"></span>va di 1,4 milioni di eur<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h43 y108e ff5 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _6\"></span>segnala <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>scor<span class=\"_ _3\"></span>so <span class=\"_ _6\"></span>anno <span class=\"_ _7\"></span>tale <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>accoglie<span class=\"_ _3\"></span>va <span class=\"_ _6\"></span>benefici <span class=\"_ _7\"></span>fiscali <span class=\"_ _6\"></span>derivanti <span class=\"_ _7\"></span>dall\u2019affrancamento <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>maggiori <span class=\"_ _6\"></span>val<span class=\"_ _3\"></span>ori </div><div class=\"t m0 x23 h3 yff7 ff5 fs1 fc1 sc0 ls0 ws0\">originatesi <span class=\"_ _e\"> </span>dall\u2019acquisizione <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>societ\u00e0 <span class=\"_ _f\"> </span><span class=\"ff1\">Con <span class=\"_ _e\"> </span>Energia <span class=\"_ _e\"> </span>Spa <span class=\"_ _d\"> </span>pari <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>6<span class=\"ls16\">,5</span> <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>euro, <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fronte <span class=\"_ _e\"></span>del <span class=\"_ _e\"> </span>pagamento <span class=\"_ _d\"> </span>di </span></div><div class=\"t m0 x23 h3 y41e ff5 fs1 fc1 sc0 ls0 ws0\">un\u2019imposta sostitutiv<span class=\"_ _3\"></span>a <span class=\"ff1 ls10\">di<span class=\"ls0\"> </span>3,<span class=\"ls0\">7 milioni d<span class=\"_ _3\"></span>i euro. </span></span></div><div class=\"t m0 x23 h3 y108f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yff8 ff1 fs1 fc1 sc0 ls0 ws0\">Con <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>ributi <span class=\"_ _5\"></span>straordinari<span class=\"ls16\">, <span class=\"_ _5\"></span></span>la <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>accoglie <span class=\"_ _7\"></span>quanto gi\u00e0 <span class=\"_ _7\"></span>versato <span class=\"_ _5\"></span>negli <span class=\"_ _5\"></span>esercizi <span class=\"_ _5\"></span>precedenti <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>EstEnergy </div><div class=\"t m0 x23 h3 yff9 ff1 fs1 fc1 sc0 ls0 ws0\">Spa <span class=\"_ _d\"> </span>in <span class=\"_ _f\"> </span>relazione <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span><span class=\"ff5\">contributo <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>titolo <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>prelievo <span class=\"_ _d\"> </span>solidaristico <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>traordinario <span class=\"_ _e\"> </span>istituito, <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>l\u2019anno <span class=\"_ _e\"> </span>2022, <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>al <span class=\"_ _d\"> </span>D.L. <span class=\"_ _d\"> </span>n. </span></div><div class=\"t m0 x23 h3 y1090 ff1 fs1 fc1 sc0 ls0 ws0\">21/2022, <span class=\"_ _d\"> </span>iscritto <span class=\"_ _d\"> </span>co<span class=\"_ _5\"></span>me <span class=\"_ _e\"> </span>credito <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>oich\u00e9 <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _d\"> </span>riteneva <span class=\"_ _f\"> </span>che <span class=\"_ _d\"> </span>non <span class=\"_ _f\"> </span>sussistesse <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>robabilit\u00e0 <span class=\"_ _e\"> </span>oggettiva <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>overlo </div><div class=\"t m0 x23 h3 yffa ff1 fs1 fc1 sc0 ls0 ws0\">corrispondere <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>qual<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>era <span class=\"_ _6\"></span>successi<span class=\"_ _3\"></span>vamente <span class=\"_ _7\"></span>proceduto <span class=\"_ _7\"></span><span class=\"ff5\">alla <span class=\"_ _7\"></span>presentazione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un\u2019istanza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>rimborso.<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>Con <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a </div><div class=\"t m0 x23 h3 yffb ff1 fs1 fc1 sc0 ls0 ws0\">pronuncia  della  sentenza  n.111  d<span class=\"_ _5\"></span>el  27 <span class=\"_ _4\"> </span>giugno  2024, <span class=\"_ _4\"> </span>la <span class=\"_ _4\"> </span>Corte  costituzionale  ha, <span class=\"_ _4\"> </span>tuttavia,  <span class=\"ff5\">stabilito  l\u2019illegittimit\u00e0 </span></div><div class=\"t m0 x23 h3 y1290 ff5 fs1 fc1 sc0 ls0 ws0\">costituzionale del contributo con esclusivo riferimento all\u2019inclusi<span class=\"_ _3\"></span>one delle<span class=\"_ _7\"></span><span class=\"ff1\"> accise nella base imponibile rilevante per la </span></div><div class=\"t m0 x23 h3 y78d ff1 fs1 fc1 sc0 ls0 ws0\">determinazione dello <span class=\"_ _5\"></span>stesso, <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>respinto <span class=\"_ _5\"></span>tutte le<span class=\"_ _5\"></span> altre <span class=\"_ _5\"></span>censure di <span class=\"_ _5\"></span>costituzionalit\u00e0<span class=\"ls16\">, <span class=\"_ _5\"></span></span>confermando in<span class=\"_ _5\"></span> tal <span class=\"_ _5\"></span>modo <span class=\"_ _5\"></span>la </div><div class=\"t m0 x23 h3 yffc ff1 fs1 fc1 sc0 ls0 ws0\">legittimit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>relievo. <span class=\"_ _6\"></span>Di <span class=\"_ _6\"></span>conseguen<span class=\"_ _3\"></span>za, <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>luce <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>parere <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>propri <span class=\"_ _6\"></span>legal<span class=\"_ _3\"></span>i,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>itenuto <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>pi\u00f9 </div><div class=\"t m0 x23 h3 yb4a ff5 fs1 fc1 sc0 ls0 ws0\">recuperabile il cre<span class=\"_ _3\"></span>dito iscritto per il contributo <span class=\"_ _3\"></span>e ha contabilizzato <span class=\"_ _3\"></span>l\u2019onere tra le imposte di <span class=\"_ _3\"></span>periodo.<span class=\"_ _7\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 yffd ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yffe ff1 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _7\"></span>Gruppo, <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023, <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>adottato <span class=\"_ _5\"></span>l'eccezione <span class=\"_ _7\"></span>temporanea <span class=\"_ _5\"></span>prevista <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>allo <span class=\"_ _5\"></span>Ias <span class=\"_ _7\"></span>12 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>contabilizzazione </div><div class=\"t m0 x23 h43 y1292 ff5 fs1 fc1 sc0 ls0 ws0\">delle imposte anticipate e differite connesse<span class=\"_ _3\"></span> all\u2019applicazione delle disposizioni<span class=\"_ _3\"></span> del Pillar 2, introdotte nell\u2019ordinamento </div><div class=\"t m0 x23 h3 yfff ff1 fs1 fc1 sc0 ls0 ws0\">italiano c<span class=\"_ _5\"></span>on e<span class=\"_ _5\"></span>fficacia dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>gennaio <span class=\"_ _5\"></span>2024 dal <span class=\"_ _5\"></span>D.L<span class=\"_ _5\"></span>gs. del <span class=\"_ _5\"></span>28 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023 n. <span class=\"_ _5\"></span>209. <span class=\"_ _5\"></span>In <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>decreto, <span class=\"_ _5\"></span>Hera Spa </div><div class=\"t m0 x23 h3 y1000 ff1 fs1 fc1 sc0 ls0 ws0\">si qualifica come controllante capogruppo (Ultimate Parent Entity <span class=\"_ _5\"></span>-<span class=\"_ _5\"></span> Upe) in <span class=\"_ _5\"></span>quant<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>consolid<span class=\"_ _3\"></span>a integralmente le attivit\u00e0, </div><div class=\"t m0 x23 h3 y1294 ff1 fs1 fc1 sc0 ls0 ws0\">passivit\u00e0, i ricavi, i c<span class=\"_ _3\"></span>osti e i flussi finanziari <span class=\"_ _3\"></span>delle societ\u00e0 del Grup<span class=\"_ _3\"></span>po che partecipa (direttam<span class=\"_ _3\"></span>ente e indirettamente). <span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h43 y1001 ff5 fs1 fc1 sc0 ls0 ws0\">Sulla <span class=\"_ _6\"></span>base <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>risultanze<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>ca<span class=\"_ _5\"></span>lcolo <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>Transitional <span class=\"_ _7\"></span>CbCR <span class=\"_ _6\"></span>Safe <span class=\"_ _7\"></span>harbour <span class=\"_ _6\"></span>(Tsh) <span class=\"_ _7\"></span>test <span class=\"_ _6\"></span>relativo <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>d\u2019imposta<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y1002 ff1 fs1 fc1 sc0 ls0 ws0\">2024  effettu<span class=\"_ _3\"></span>ato  dalla<span class=\"_ _3\"></span>  Upe,  il<span class=\"_ _3\"></span>  Gruppo <span class=\"_ _f\"> </span>(inteso  come <span class=\"_ _f\"> </span>insieme <span class=\"_ _f\"> </span>de<span class=\"_ _5\"></span>lle <span class=\"_ _f\"> </span>societ\u00e0  consolidat<span class=\"_ _3\"></span>e  contabilmen<span class=\"_ _3\"></span>te  dalla <span class=\"_ _f\"> </span>Upe) </div><div class=\"t m0 x23 h3 yeb8 ff1 fs1 fc1 sc0 ls0 ws0\">beneficia dei Tsh in tutte le giur<span class=\"_ _3\"></span>isdizioni <span class=\"_ _5\"></span><span class=\"ff5\">e quindi non \u00e8 te<span class=\"_ _3\"></span>nuta a pagare in Italia un\u2019impo<span class=\"_ _3\"></span>sta integrativa sui redditi delle<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y1003 ff5 fs1 fc1 sc0 ls0 ws0\">controllate estere <span class=\"_ _3\"></span>che presentano un\u2019aliquota<span class=\"_ _3\"></span> fiscale effettiva inf<span class=\"_ _3\"></span>eriore al 15%.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y1004 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1297 ff5 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _10\"> </span>u<span class=\"_ _5\"></span>n\u2019analisi <span class=\"_ _10\"> </span><span class=\"ff1\">ul<span class=\"_ _5\"></span>teriore <span class=\"_ _10\"> </span></span>dell\u2019andamento <span class=\"_ _10\"> </span>del <span class=\"_ _8\"> </span>tax <span class=\"_ _10\"> </span>ra<span class=\"_ _5\"></span>te, <span class=\"_ _10\"> </span>si <span class=\"_ _8\"> </span>rimanda <span class=\"_ _10\"> </span>al <span class=\"_ _8\"> </span>paragr<span class=\"_ _3\"></span>afo <span class=\"_ _8\"> </span>1<span class=\"_ _5\"></span>.04.01 <span class=\"_ _10\"> </span>\u201cRisultati <span class=\"_ _8\"> </span>economic<span class=\"_ _3\"></span>i <span class=\"_ _8\"> </span>e </div><div class=\"t m0 x23 h3 y1005 ff5 fs1 fc1 sc0 ls0 ws0\">investimenti\u201d <span class=\"_ _6\"> </span>della <span class=\"_ _e\"> </span>relazione <span class=\"_ _e\"> </span>sulla <span class=\"_ _e\"> </span>gestione, <span class=\"_ _6\"></span>dove <span class=\"_ _e\"> </span>sia <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>risultato<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>prima <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>imposte <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>carico <span class=\"_ _6\"> </span>fiscale<span class=\"_ _6\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>laddove </span></div><div class=\"t m0 x23 h3 y1006 ff1 fs1 fc1 sc0 ls0 ws0\">necessario, <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _8\"> </span>rideter<span class=\"_ _3\"></span>minati <span class=\"_ _8\"> </span>gesti<span class=\"_ _3\"></span>onalmente<span class=\"ls1e\">, <span class=\"_ _8\"> </span></span>al <span class=\"_ _10\"> </span>fine <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>determinare <span class=\"_ _10\"> </span>un <span class=\"_ _10\"> </span>t<span class=\"_ _5\"></span>ax <span class=\"_ _10\"> </span>rate <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>djusted <span class=\"_ _10\"> </span>pienamente<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y1c7d ff1 fs1 fc1 sc0 ls0 ws0\">confrontabile. </div><div class=\"t m0 x23 h3 y1008 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y1c7e ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div><div class=\"c w2 h0 gs22a\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y172 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019aliquota <span class=\"_ _7\"></span>teorica <span class=\"_ _7\"></span>determinata <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onfigurazione <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>eddito <span class=\"_ _7\"></span>imponibile <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019impresa <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>fini <span class=\"_ _7\"></span>dell\u2019imposta </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">Ires \u00e8 pari al 24%. L<span class=\"_ _3\"></span>a <span class=\"ff5\">riconciliazione con l\u2019aliquota <span class=\"_ _3\"></span>effettiva viene riport<span class=\"_ _3\"></span>ata di seguito.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x1b h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2c8 h3c gs22b\"><div class=\"t m0 x23 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div></div><div class=\"c w2ca h3c gs22c\"><div class=\"t m0 x3e h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">2023 </div></div><div class=\"c w2cc h3c gs22d\"><div class=\"t m0 x182 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO NOMI<span class=\"_ _3\"></span>NALE </div></div><div class=\"c w2cd h3c gs22e\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO PERCE<span class=\"_ _3\"></span>NTUALE </div></div><div class=\"c w2cc h3c gs22f\"><div class=\"t m0 x182 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO NOMI<span class=\"_ _3\"></span>NALE </div></div><div class=\"c w2cd h3c gs230\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO PERCE<span class=\"_ _3\"></span>NTUALE </div></div><div class=\"c w2c7 h90 gs231\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Utile prima delle im<span class=\"_ _3\"></span>poste </div></div><div class=\"c w2cc h90 gs232\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">736,2 </div></div><div class=\"c w2cc h90 gs233\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">656,4 </div></div><div class=\"c w2c7 h3c gs234\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Ires </div></div><div class=\"c w2c7 h3c gs235\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Aliquota ordinari<span class=\"_ _3\"></span>a </div></div><div class=\"c w2cc h3c gs236\"><div class=\"t m0 x64 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(176,7) </div></div><div class=\"c w2cd h3c gs237\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(24,0)% </div></div><div class=\"c w2cc h3c gs238\"><div class=\"t m0 x64 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(157,5) </div></div><div class=\"c w2cd h3c gs239\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(24,0)% </div></div><div class=\"c w2c7 h3c gs23a\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Deduzioni Irap </div></div><div class=\"c w2cc h3c gs23b\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1,2 </div></div><div class=\"c w2cd h3c gs23c\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,2% </div></div><div class=\"c w2cc h3c gs23d\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1,1 </div></div><div class=\"c w2cd h3c gs23e\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,2% </div></div><div class=\"c w2c7 h3c gs23f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Partecipazioni </div></div><div class=\"c w2cc h3c gs240\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(5,9) </div></div><div class=\"c w2cd h3c gs241\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(0,8)% </div></div><div class=\"c w2cc h3c gs242\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(0,8) </div></div><div class=\"c w2cd h3c gs243\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(0,1)% </div></div><div class=\"c w2c7 h3c gs244\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ace e super Ace<span class=\"_ _3\"></span> </div></div><div class=\"c w2cc h3c gs245\"><div class=\"t m0 xe6 hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2cc h3c gs246\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4,3 </div></div><div class=\"c w2cd h3c gs247\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,7% </div></div><div class=\"c w2c7 h3c gs248\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Maxi e iper ammort<span class=\"_ _3\"></span>amenti </div></div><div class=\"c w2cc h3c gs249\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">6,0 </div></div><div class=\"c w2cd h3c gs24a\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,8% </div></div><div class=\"c w2cc h3c gs24b\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">7,1 </div></div><div class=\"c w2cd h3c gs24c\"><div class=\"t m0 x3c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1,1% </div></div><div class=\"c w2c7 h3c gs24d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ires esercizi preced<span class=\"_ _3\"></span>enti </div></div><div class=\"c w2cc h3c gs24e\"><div class=\"t m0 xe6 hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2cc h3c gs24f\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(1,5) </div></div><div class=\"c w2cd h3c gs250\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(0,2)% </div></div><div class=\"c w2c7 h8e gs251\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Altre variazioni (in au<span class=\"_ _3\"></span>mento e/o </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">diminuzione) </div></div><div class=\"c w2cc h8e gs252\"><div class=\"t m0 x23 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">20,7 </div></div><div class=\"c w2cd h8e gs253\"><div class=\"t m0 x3c hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">2,8% </div></div><div class=\"c w2cc h8e gs254\"><div class=\"t m0 x23 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">16,1 </div></div><div class=\"c w2cd h8e gs255\"><div class=\"t m0 x3c hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">2,5% </div></div><div class=\"c w2c7 h98 gs256\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Irap e altre imp<span class=\"_ _3\"></span>oste correnti </div></div><div class=\"c w2c7 h3c gs257\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Irap </div></div><div class=\"c w2cc h3c gs258\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(42,5) </div></div><div class=\"c w2cd h3c gs259\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(5,8)% </div></div><div class=\"c w2cc h3c gs25a\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(43,8) </div></div><div class=\"c w2cd h3c gs25b\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(6,7)% </div></div><div class=\"c w2c7 h3c gs25c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Affrancamento </div></div><div class=\"c w2cc h3c gs25d\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">6,5 </div></div><div class=\"c w2cd h3c gs25e\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">0,9% </div></div><div class=\"c w2cc h3c gs25f\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1,8 </div></div><div class=\"c w2cd h3c gs260\"><div class=\"t m0 x3c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">0,3% </div></div><div class=\"c w2c7 h90 gs261\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Contributi extraprofitt<span class=\"_ _3\"></span>i </div></div><div class=\"c w2cc h90 gs262\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(9,6) </div></div><div class=\"c w2cd h90 gs263\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(1,3)% </div></div><div class=\"c w2cc h90 gs264\"><div class=\"t m0 xe6 hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c7 h3c gs265\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Imposte </div></div><div class=\"c w2cc h3c gs266\"><div class=\"t m0 x64 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(200,3) </div></div><div class=\"c w2cd h3c gs267\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(27,2)% </div></div><div class=\"c w2cc h3c gs268\"><div class=\"t m0 x64 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(173,2) </div></div><div class=\"c w2cd h3c gs269\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(26,4)% </div></div><div class=\"c w2 h0 gs22a\"><div class=\"t m0 x1b h3 yfa3 ff1 fs1 fc1 sc0 ls0 ws0\">Tale <span class=\"_ _5\"></span>riconciliazione <span class=\"_ _5\"></span>viene <span class=\"_ _5\"></span>proposta <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>soli <span class=\"_ _5\"></span>fini<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Ires, <span class=\"_ _5\"></span><span class=\"ff5\">in <span class=\"_ _5\"></span>considerazione del <span class=\"_ _7\"></span>fatto che<span class=\"_ _5\"></span> la <span class=\"_ _7\"></span>disciplina dell\u2019Irap <span class=\"_ _6\"></span></span>in merito <span class=\"_ _5\"></span>alla </div><div class=\"t m0 x1b h3 yb0c ff1 fs1 fc1 sc0 ls0 ws0\">determinazione  dell<span class=\"_ _3\"></span>a  sua  base  imponibile  <span class=\"ff5\">rende  poco  signifi<span class=\"_ _3\"></span>cativa  la  riconciliazi<span class=\"_ _3\"></span>one  tra  l\u2019onere  fis<span class=\"_ _3\"></span>cale  teorico<span class=\"_ _5\"></span><span class=\"ff1\">, </span></span></div><div class=\"t m0 x1b h3 y1c87 ff1 fs1 fc1 sc0 ls0 ws0\">derivato dai dati di bi<span class=\"_ _3\"></span>lancio, <span class=\"ff5\">e l\u2019onere fiscale effettivo.</span> </div><div class=\"t m0 x1b h3 y1c88 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y12b3 ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>\u201cPartecipazioni\u201d accoglie <span class=\"_ _5\"></span>l\u2019effetto <span class=\"_ _5\"></span>delle s<span class=\"_ _5\"></span>valutazioni non <span class=\"_ _5\"></span>rilevanti f<span class=\"_ _5\"></span>iscalmente di <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>patrimonio<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 ya65 ff1 fs1 fc1 sc0 ls0 ws0\">netto. </div><div class=\"t m0 x1b h3 y1c89 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y60b ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>\u201cMaxi <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>iper <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>mmortamen<span class=\"_ _3\"></span>ti\u201d <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>decrementa <span class=\"_ _e\"> </span><span class=\"ff1\">in <span class=\"_ _6\"></span>valore <span class=\"_ _7\"></span>assoluto <span class=\"_ _e\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _6\"></span>concl<span class=\"_ _3\"></span>usione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 y1c8a ff1 fs1 fc1 sc0 ls0 ws0\">beneficio <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>iscale <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>quota <span class=\"_ _e\"> </span>parte <span class=\"_ _d\"> </span>degli <span class=\"_ _e\"> </span>investi<span class=\"_ _5\"></span>menti <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>nuovi <span class=\"_ _d\"> </span>beni <span class=\"_ _d\"> </span>strumentali <span class=\"_ _e\"></span>effettuata <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _e\"> </span>ne<span class=\"_ _5\"></span>gli <span class=\"_ _e\"></span>esercizi </div><div class=\"t m0 x1b h3 y1c8b ff1 fs1 fc1 sc0 ls0 ws0\">passati.  <span class=\"ff5\">Si <span class=\"_ _f\"> </span>ricorda  c<span class=\"_ _3\"></span>he  a <span class=\"_ _f\"> </span>partire <span class=\"_ _f\"> </span>dall\u2019esercizio  2020 <span class=\"_ _f\"> </span>tale<span class=\"_ _5\"></span><span class=\"ff1\">  age<span class=\"_ _3\"></span>volazione  \u00e8 <span class=\"_ _f\"> </span>stata  sostituita <span class=\"_ _f\"> </span>da  un  m<span class=\"_ _3\"></span>eccanismo <span class=\"_ _f\"> </span>di </span></span></div><div class=\"t m0 x1b h3 y60e ff1 fs1 fc1 sc0 ls0 ws0\">riconoscimento di <span class=\"ff5\">crediti d\u2019imp<span class=\"_ _3\"></span>osta<span class=\"ff1\">. </span></span></div><div class=\"t m0 x1b h3 y1c4a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1c8c ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>\u201cAltre <span class=\"_ _5\"></span>variazioni (in <span class=\"_ _5\"></span>aumento <span class=\"_ _5\"></span>e/o <span class=\"_ _5\"></span>diminuzione)\u201d <span class=\"_ _7\"></span><span class=\"ff1\">si <span class=\"_ _5\"></span>incrementa <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>allo <span class=\"_ _5\"></span>scorso <span class=\"_ _5\"></span>esercizio <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>effetto </span></div><div class=\"t m0 x1b h3 y611 ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _6\"></span>component<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>risultato <span class=\"_ _6\"></span>prim<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>imposte <span class=\"_ _6\"></span>non <span class=\"_ _7\"></span>fiscalmente <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levanti <span class=\"_ _7\"></span>relative <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>valutazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _7\"></span>delle </div><div class=\"t m0 x1b h3 y1c8d ff1 fs1 fc1 sc0 ls0 ws0\">opzioni di vendita <span class=\"_ _5\"></span>e degli earn out n<span class=\"_ _5\"></span>ei confronti di<span class=\"_ _5\"></span> soci di <span class=\"_ _5\"></span>minoranza (<span class=\"lse\">49</span>,9 <span class=\"_ _5\"></span>milioni al 31 d<span class=\"_ _5\"></span>icembre 2024 rispetto a 31,<span class=\"_ _5\"></span>2 </div><div class=\"t m0 x1b h3 ya35 ff1 fs1 fc1 sc0 ls0 ws0\">milioni <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>2023)<span class=\"_ _5\"></span><span class=\"ff5\">, <span class=\"_ _7\"></span>oltre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019effetto <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>rilascio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>imposte <span class=\"_ _7\"></span>differite <span class=\"_ _5\"></span>iscritte <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>differenziale <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ra <span class=\"_ _7\"></span>valore </span></div><div class=\"t m0 x1b h3 y614 ff1 fs1 fc1 sc0 ls0 ws0\">nominale <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>attuale <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>debito <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>put <span class=\"_ _e\"> </span>option<span class=\"_ _5\"></span><span class=\"ls1e\">. <span class=\"_ _f\"> </span></span>Si <span class=\"_ _e\"></span>segnala, <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>noltre, <span class=\"_ _e\"></span>che <span class=\"_ _d\"> </span>la <span class=\"_ _e\"></span>voce <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>isente <span class=\"_ _e\"></span>positivamente <span class=\"_ _e\"></span>al <span class=\"_ _e\"> </span>31 </div><div class=\"t m0 x1b h43 y1c8e ff5 fs1 fc1 sc0 ls0 ws0\">dicembre <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>maggiori <span class=\"_ _7\"></span>agevolazioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>carattere <span class=\"_ _7\"></span>straordinario <span class=\"_ _7\"></span>riconosciute <span class=\"_ _5\"></span>sottoforma <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>credit<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>d\u2019imposta <span class=\"_ _7\"></span>ad </div><div class=\"t m0 x1b h43 y1c8f ff5 fs1 fc1 sc0 ls0 ws0\">alcune <span class=\"_ _e\"> </span>imprese <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _6\"> </span>per <span class=\"_ _d\"> </span>l\u2019acquisto <span class=\"_ _6\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span>lettrica <span class=\"_ _6\"></span>e <span class=\"_ _d\"> </span>gas <span class=\"_ _e\"> </span>naturale, <span class=\"_ _6\"> </span>azzerate <span class=\"_ _e\"> </span>dal <span class=\"_ _e\"> </span>Governo <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>partire <span class=\"_ _e\"> </span>dal </div><div class=\"t m0 x1b h3 y617 ff5 fs1 fc1 sc0 ls0 ws0\">secondo semestre dell\u2019e<span class=\"_ _3\"></span>sercizio 2023.<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y1c90 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 yb6c ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _7\"></span>voce <span class=\"_ _5\"></span>\u201cI<span class=\"_ _5\"></span>rap\u201d <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>decrementa <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>valore <span class=\"_ _5\"></span>assoluto <span class=\"_ _7\"></span>principalmente <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>benefici <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>affrancamenti <span class=\"_ _5\"></span>realizzati </div><div class=\"t m0 x1b h3 y3a8 ff5 fs1 fc1 sc0 ls0 ws0\">nel corso <span class=\"_ _5\"></span>dell\u2019anno 2024, pari <span class=\"_ _5\"></span>a 3,1 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro rispetto a <span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>milione di euro <span class=\"_ _5\"></span>del 31 <span class=\"_ _5\"></span>dicembre 2023<span class=\"_ _6\"></span><span class=\"ff1 ls1e\">. <span class=\"ls0\">La <span class=\"_ _5\"></span>diminuzione<span class=\"_ _3\"></span> </span></span></div><div class=\"t m0 x1b h3 y1c91 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019incidenza <span class=\"_ _e\"> </span>sul <span class=\"_ _f\"> </span>tax <span class=\"_ _e\"> </span>rate <span class=\"_ _f\"> </span>risente, <span class=\"_ _e\"> </span>inoltre, <span class=\"_ _d\"> </span>del<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _f\"> </span>significativ<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>miglioramento <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>gestione <span class=\"_ _d\"> </span>finanziaria, <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>quale <span class=\"_ _d\"> </span>non </span></div><div class=\"t m0 x1b h3 y2fd ff5 fs1 fc1 sc0 ls0 ws0\">risulta <span class=\"_ _7\"></span>essere<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>rilevante <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>fini <span class=\"_ _6\"></span>dell\u2019imposta<span class=\"_ _3\"></span>, <span class=\"_ _6\"></span>ma <span class=\"_ _7\"></span>determina <span class=\"_ _6\"></span>un <span class=\"_ _7\"></span>incremento <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>risultato <span class=\"_ _7\"></span>an<span class=\"_ _5\"></span>te<span class=\"_ _7\"></span><span class=\"ff1\">-imposte <span class=\"_ _6\"></span>(<span class=\"_ _3\"></span>base <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>calcolo </span></div><div class=\"t m0 x1b h3 y618 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019indicatore)<span class=\"ff1\">. </span></div><div class=\"t m0 x1b h3 y1516 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1c92 ff5 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _6\"> </span>voce <span class=\"_ _e\"> </span>\u201cAffrancamento\u201d <span class=\"_ _6\"></span>accoglie <span class=\"_ _6\"> </span>il <span class=\"_ _e\"> </span>beneficio <span class=\"_ _e\"> </span><span class=\"ff1\">netto <span class=\"_ _6\"></span>solamente <span class=\"_ _e\"></span>sulle <span class=\"_ _6\"></span>imposte <span class=\"_ _6\"></span>Ires<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>derivante <span class=\"_ _e\"></span><span class=\"lse\">da<span class=\"ls23\">ll<span class=\"_ _5\"></span></span></span></span>\u2019affrancamento <span class=\"_ _6\"></span>dei </div><div class=\"t m0 x1b h3 y1f2 ff1 fs1 fc1 sc0 ls0 ws0\">maggiori valori sopracitati pari a 6,5 milio<span class=\"_ _3\"></span>ni di euro (il beneficio Ir<span class=\"_ _3\"></span>ap <span class=\"ls10\">\u00e8 </span>infatti <span class=\"ff5\">classificato nell<span class=\"_ _3\"></span>a voce \u201cIrap\u201d d<span class=\"ff1\">i cui sopra). </span></span></div><div class=\"t m0 x1b h3 y833 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y6b1 ff5 fs1 fc1 sc0 ls0 ws0\">Per la voce \u201cContrib<span class=\"_ _3\"></span>uti <span class=\"ff1\">straordinari</span>\u201d si veda quanto gi\u00e0 comme<span class=\"_ _3\"></span>ntato <span class=\"ff1\">sopra. </span></div><div class=\"t m0 x1b h3 y1829 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y1c93 ff5 fs1 fc1 sc0 ls0 ws0\">Infine, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>ricorda <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>1\u00b0 <span class=\"_ _6\"></span>gennaio <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>riforma <span class=\"_ _6\"></span>fiscale <span class=\"_ _6\"></span>approvata <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>Governo <span class=\"_ _6\"></span>italiano <span class=\"_ _7\"></span>ha <span class=\"_ _e\"> </span>abolito <span class=\"_ _6\"></span>l\u2019Ace <span class=\"_ _6\"></span>come<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 ycde ff1 fs1 fc1 sc0 ls0 ws0\">strumento di agevolazi<span class=\"_ _3\"></span>one fiscale per le soci<span class=\"_ _3\"></span>et\u00e0 che reinvestono g<span class=\"_ _3\"></span>li utili nel loro processo <span class=\"_ _3\"></span>operativo.<span class=\"_ _7\"></span>  </div><div class=\"t m0 x1b h42 yd69 ff8 fsa fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y1c94 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>13  Attivit\u00e0 e pa<span class=\"_ _3\"></span>ssivit\u00e0 per impo<span class=\"_ _3\"></span>ste correnti<span class=\"_ _75\"> </span> 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Crediti per imposte <span class=\"_ _3\"></span>sul reddito 30,5 10,3 20,2 Credito per rimbors<span class=\"_ _3\"></span>o Ires 0,8 1,1 (0,3) Totale attivit\u00e0 p<span class=\"_ _3\"></span>er imposte correnti 31,3 11,4 19,9 Debiti per imposte <span class=\"_ _3\"></span>sul reddito 48,2 110,2 (62,0) Totale passivit\u00e0 per <span class=\"_ _3\"></span>imposte correnti 48,2 110,2 (62,0)<span class=\"_ _75\"> </span> \u201cCrediti <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"> </span>sul <span class=\"_ _e\"> </span>reddito\u201d, <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>riferiscono <span class=\"_ _e\"> </span>all\u2019eccedenza <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>acconti <span class=\"_ _d\"> </span>versati<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"></span>dirette <span class=\"_ _e\"> </span>Ires <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>Irap </span>rispetto al carico fiscale co<span class=\"_ _3\"></span>rrente di competenza <span class=\"ff5\">dell\u2019esercizio</span>. \u201cDebiti per i<span class=\"_ _5\"></span>mposte sul reddito\u201d, includo<span class=\"ff1 lse\">no<span class=\"ls0\"> <span class=\"_ _5\"></span>principalmente le imposte Ires e Irap <span class=\"_ _5\"></span>stanziate per competenza sul reddito </span></span>prodotto nell\u2019esercizi<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span><span class=\"ff1\">, al netto d<span class=\"_ _3\"></span>egli acconti versati e d<span class=\"_ _3\"></span>egli eventuali saldi pregr<span class=\"_ _3\"></span>essi non ancora comp<span class=\"_ _3\"></span>ensati<span class=\"_ _7\"></span><span class=\"ls1e\">. </span> </span>Si <span class=\"_ _7\"></span>ricorda <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>l\u2019importo <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>articolarm<span class=\"_ _3\"></span>ente <span class=\"_ _7\"></span>rilevante <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>\u201cDebiti <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>imposte <span class=\"_ _5\"></span>sul <span class=\"_ _7\"></span>reddito\u201d <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"></span>rifletteva, per alcune <span class=\"_ _5\"></span>societ\u00e0 del <span class=\"_ _5\"></span>Gruppo, una significativa variazione <span class=\"_ _5\"></span>positiva dell\u2019utile prima delle <span class=\"_ _5\"></span>imposte rispetto <span class=\"_ _5\"></span>all\u2019esercizi<span class=\"_ _3\"></span>o 2022 che, <span class=\"_ _5\"></span>per e<span class=\"_ _5\"></span>ffetto del <span class=\"_ _5\"></span>meccanismo di versamento d<span class=\"_ _5\"></span>elle imposte dirette <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>acconto su <span class=\"_ _5\"></span>base storica, ha <span class=\"_ _5\"></span>comportato una rilevante esposi<span class=\"_ _3\"></span>zione netta a debito al <span class=\"_ _3\"></span>31 dicembre 2023.<span class=\"_ _75\"> </span>14  Attivit\u00e0 e pa<span class=\"_ _3\"></span>ssivit\u00e0 per imposte dif<span class=\"_ _3\"></span>ferite 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Attivit\u00e0 per imposte a<span class=\"_ _3\"></span>nticipate 468,9 448,2 20,7 Compensazione fis<span class=\"_ _3\"></span>calit\u00e0 differita (126,4) (146,1) 19,7 Crediti per imposta <span class=\"_ _3\"></span>sostitutiva 0,4 0,2 0,2 Totale attivit\u00e0 p<span class=\"_ _3\"></span>er imposte differite n<span class=\"_ _3\"></span>ette 342,9 302,3 40,6 Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite 271,2 303,0 (31,8) Compensazione fis<span class=\"_ _3\"></span>calit\u00e0 differita (126,4) (146,1) 19,7 Totale passivit\u00e0 p<span class=\"_ _3\"></span>er imposte differit<span class=\"_ _3\"></span>e nette 144,8 156,9 (12,1) Le <span class=\"_ _6\"></span><span class=\"ls0\">Attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>imposte <span class=\"_ _e\"></span>differite <span class=\"_ _6\"></span><span class=\"ff5\">(denominate <span class=\"_ _6\"></span>\u201cAttivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>differite\u201d <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"></span>pubblicato </span></span>dell\u2019esercizio precedente)<span class=\"ff1\"> sono compensate laddove vi sia un diritto legalmente esercitabile di compensare le attivit\u00e0 </span>fiscali correnti con le<span class=\"_ _3\"></span> passivit\u00e0 fiscali corre<span class=\"_ _3\"></span>nti corrispondenti. Le<span class=\"ls0\"> <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ff5\">imposte <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ifferite <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _7\"></span></span>2024 <span class=\"_ _7\"></span>riguardano <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>seguenti <span class=\"_ _7\"></span>differenze </span>temporanee tra valore <span class=\"_ _3\"></span>attribuito alle attivit\u00e0<span class=\"_ _3\"></span> e passivit\u00e0 secondo <span class=\"_ _3\"></span>criteri c<span class=\"_ _5\"></span>ontabili e i corrispondenti valori <span class=\"_ _3\"></span>ai fini fiscali. ATTIVIT\u00c0 PER IM<span class=\"_ _3\"></span>POSTE DIFFERITE<span class=\"fc0\"> </span>2024 2023<span class=\"ff1 fs0 fc0\"> </span>DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI Imposte anticip<span class=\"_ _3\"></span>ate con effetto a cont<span class=\"_ _3\"></span>o economico <span class=\"_ _3\"></span>e conto economic<span class=\"_ _3\"></span>o complessivo<span class=\"ff1 fs0 fc0\"> </span>Ammortamenti 738,1 191,5 698,2 181,1 Fondo svalutazi<span class=\"_ _3\"></span>one crediti 389,4 93,0 321,6 76,2 Fondi 274,7 76,7 244,5 67,8 Partecipazioni 179,8 50,3 148,4 41,9 Operazioni di copertur<span class=\"_ _3\"></span>a (cash flow hedge) 18,2 5,1 60,6 17,4 Altri 201,5 52,3 258,6 63,8 Totale effetto fisc<span class=\"_ _3\"></span>ale 1.801,7 468,9 1,0 1.731,9 448,2 (9,3) Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico c<span class=\"_ _3\"></span>omplessivo (12,3) (40,3) Importo accreditato (a<span class=\"_ _3\"></span>ddebitato) a conto economico<span class=\"_ _3\"></span> 32,0 68,0 PASSIVIT\u00c0 PE<span class=\"_ _3\"></span>R IMPOSTE DIFFERITE 2024 2023 DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI Imposte differite c<span class=\"_ _3\"></span>on effetto a conto <span class=\"_ _3\"></span>economico e cont<span class=\"_ _3\"></span>o economico com<span class=\"_ _3\"></span>plessivo<span class=\"ff1 fs0 fc0\"> </span>Ammortamenti<span class=\"_ _3\"></span> 875,4 187,2 836,8 177,4 Operazioni di copertur<span class=\"_ _3\"></span>a (cash flow hedge) 18,3 5,3 133,4 38,1 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie attualizzate 7,5 1,8 60,1 14,4 Fondi 26,7 7,8 32,5 8,8 Altri 278,4 69,1 258,0 64,3 Totale effetto fisc<span class=\"_ _3\"></span>ale 1.206,3 271,2 4,4 1.320,8 303,0 10,3 Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico c<span class=\"_ _3\"></span>omplessivo 33,0 123,9 Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico<span class=\"_ _3\"></span> 3,2 (11,3) Le <span class=\"_ _10\"> </span>\u201cVariazioni <span class=\"_ _10\"> </span>patrimoniali\u201d <span class=\"_ _8\"> </span><span class=\"ff1\">non <span class=\"_ _10\"> </span>producono <span class=\"_ _10\"> </span>effetti <span class=\"_ _10\"> </span>sul <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>onto <span class=\"_ _10\"> </span>economico <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>sul <span class=\"_ _8\"> </span>conto <span class=\"_ _10\"> </span>economico <span class=\"_ _10\"> </span>complessivo </span>dell\u2019esercizio<span class=\"ff1\">, <span class=\"_ _5\"></span>poich\u00e9 <span class=\"_ _7\"></span>accolgono<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>saldi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>imposte <span class=\"_ _7\"></span>differite <span class=\"_ _5\"></span>derivanti <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>usiness </span>combination effettuate nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 202<span class=\"_ _5\"></span><span class=\"ff1\">4<span class=\"_ _5\"></span> (per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>quali si rimanda <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>paragrafo 2.<span class=\"ls10\">02</span>.<span class=\"lse\">10</span> <span class=\"_ _5\"></span></span>\u201c<span class=\"ff1\">Altre <span class=\"_ _5\"></span>informazioni</span>\u201d<span class=\"ff1\">)<span class=\"_ _3\"></span> </span>e da riclassifiche di natura re<span class=\"_ _3\"></span>siduale intervenute tra attivit\u00e0 e <span class=\"_ _3\"></span>passivit\u00e0 per imposte differite.<span class=\"_ _75\"> </span>Le <span class=\"_ _f\"> </span><span class=\"ff5 ls0\">\u201cAttivit\u00e0  <span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte  di<span class=\"_ _3\"></span>fferite<span class=\"ff5\">\u201d  sono <span class=\"_ _f\"> </span>generate <span class=\"_ _f\"> </span>dalle  </span>differenze  tempor<span class=\"_ _3\"></span>anee  tra<span class=\"_ _3\"></span>  val<span class=\"_ _3\"></span>ore  attribuito <span class=\"_ _f\"> </span>alle  a<span class=\"_ _3\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>e </span></span>passivit\u00e0 <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>criteri <span class=\"_ _6\"></span>contabili <span class=\"_ _e\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>corrispondenti <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fini <span class=\"_ _6\"></span>fiscali<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _6\"></span></span><span class=\"ff5\">L\u2019incremento</span> <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>periodo <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>principalment<span class=\"_ _3\"></span>e dovuto ai seguenti ef<span class=\"_ _3\"></span>fetti: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">rettifica <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reversal <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>considerate <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>deducibili <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>determinazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>fiscale <span class=\"_ _6\"></span>corrente </span></span>dell\u2019esercizio <span class=\"_ _10\"> </span><span class=\"ff1\">precedente <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>relazion<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span><span class=\"ff5\">ll\u2019attivit\u00e0 <span class=\"_ _10\"> </span></span>di <span class=\"_ _10\"> </span>efficientamento <span class=\"_ _10\"> </span>energetico <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>condomini, <span class=\"_ _10\"> </span>che <span class=\"_ _10\"> </span>h<span class=\"_ _5\"></span>anno </span>comportato il decreme<span class=\"_ _3\"></span>nto delle attivit\u00e0 per <span class=\"lse\">23</span>,3 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">accantonamenti <span class=\"_ _6\"></span>netti <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>dell<span class=\"_ _5\"></span>a <span class=\"_ _e\"></span>Capogruppo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>principali <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita, <span class=\"_ _6\"></span>che </span></span>hanno comportato l\u2019i<span class=\"_ _3\"></span>ncremento<span class=\"ff1\"> delle attivit\u00e0 per complessivi 16,8 milioni di<span class=\"_ _3\"></span> euro; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">variazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>derivati<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ommodity, <span class=\"_ _5\"></span>designati <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>coperture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>flussi <span class=\"_ _5\"></span>finanziari </span></span>(cash  flow  hedge),  che  ha  comportato  un  decremento  delle<span class=\"_ _3\"></span>  attivit\u00e0  con  contropartita  il  conto  economico complessivo per 12,3 milioni di <span class=\"_ _3\"></span>euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">maggiori ammortamenti contabili non deducibili nell\u2019esercizio corrente, che hanno comportato l\u2019incremento delle </span></span>attivit\u00e0 per complessivi<span class=\"_ _3\"></span> 10,4 milioni di euro<span class=\"_ _3\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">accantonamenti netti ai<span class=\"_ _3\"></span> fondi, che hanno comp<span class=\"_ _3\"></span>ortato l\u2019increment<span class=\"_ _3\"></span>o delle attivit\u00e0 per <span class=\"_ _5\"></span><span class=\"ff1\">8,9 milioni di euro. </span></span></span>In <span class=\"_ _5\"></span>relazione <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>attivit\u00e0<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>iscritte <span class=\"_ _5\"></span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _5\"></span>2021</span> <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>riallineamento de<span class=\"_ _5\"></span>gli avv<span class=\"_ _5\"></span>iamenti <span class=\"_ _5\"></span>previsto <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>specifiche disposizioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>legge, <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>fiscale <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>utilizzo <span class=\"_ _5\"></span>annuale <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>costanti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>di 50 <span class=\"_ _e\"> </span>anni <span class=\"_ _6\"> </span>a <span class=\"_ _e\"> </span>partire <span class=\"_ _e\"> </span>dall\u2019<span class=\"ff1\">iscrizione, <span class=\"_ _e\"></span>il <span class=\"_ _e\"> </span>management <span class=\"_ _e\"></span>conferma <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>valutazione <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>piena <span class=\"_ _e\"></span>recuperabilit\u00e0 <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>considerazion<span class=\"_ _3\"></span>e </span>dell\u2019estensione  degli <span class=\"_ _4\"> </span>orizzonti  te<span class=\"_ _5\"></span>mporali  di  p<span class=\"_ _5\"></span>revedibilit\u00e0  dei  business <span class=\"_ _4\"> </span>regolati  d<span class=\"_ _5\"></span>ella  distribuzione,  dell\u2019incidenza particolarmente <span class=\"_ _e\"> </span>contenuta <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>reddito <span class=\"_ _f\"> </span>imponibi<span class=\"_ _3\"></span>le <span class=\"_ _d\"> </span>necessario <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>recupero <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>tali <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>mposte <span class=\"_ _e\"> </span>anticipate <span class=\"_ _d\"> </span>sul <span class=\"_ _f\"> </span>reddito<span class=\"_ _3\"></span> imponibile <span class=\"_ _e\"></span>complessivam<span class=\"_ _3\"></span>ente <span class=\"_ _e\"> </span>generato <span class=\"_ _e\"></span>dagli <span class=\"_ _e\"></span>asset <span class=\"_ _6\"></span>distributivi <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>residua <span class=\"_ _e\"></span>pluridecennale,<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>nonch\u00e9 <span class=\"_ _e\"></span>del regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>fis<span class=\"_ _3\"></span>cale <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>opera <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _6\"></span>conse<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compensare <span class=\"_ _6\"></span>eventu<span class=\"_ _3\"></span>ali <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>modo<span class=\"_ _3\"></span> trasversale ai business. \u201cPassivit\u00e0 <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>imposte <span class=\"_ _4\"> </span>differite\u201d <span class=\"_ _4\"> </span>sono <span class=\"_ _10\"> </span>generate <span class=\"_ _4\"> </span>dalle <span class=\"_ _10\"> </span>differenze <span class=\"_ _4\"> </span>temporanee<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>imponibili <span class=\"_ _4\"> </span></span>tra <span class=\"_ _10\"> </span>l\u2019utile  d<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>bilancio <span class=\"_ _10\"> </span>e l\u2019imponibile fiscale.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>componente rilevante, <span class=\"_ _5\"></span>inoltre, gli <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>fiscali <span class=\"_ _5\"></span>correlati all\u2019iscrizione o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>alla rettifica di attivit\u00e0 e p<span class=\"_ _3\"></span>assivit\u00e0 nel bilancio co<span class=\"_ _3\"></span>nsolidato.<span class=\"_ _5\"></span> Il <span class=\"_ _6\"></span>significativo <span class=\"_ _7\"></span>decremento<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dovuto <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>via <span class=\"_ _6\"></span>principale <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>valu<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dei derivati, <span class=\"_ _f\"> </span>principalmente  su <span class=\"_ _f\"> </span>commodity,  designati <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>coperture  di <span class=\"_ _f\"> </span>flussi  fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _f\"> </span>(cash  flow <span class=\"_ _f\"> </span>hedge), <span class=\"_ _f\"> </span>che  h<span class=\"_ _3\"></span>a comportando <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>decremento <span class=\"_ _8\"> </span>delle <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>per <span class=\"_ _8\"> </span><span class=\"ls10\">32</span>,8 <span class=\"_ _8\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>con <span class=\"_ _8\"> </span>contropartita <span class=\"_ _8\"> </span>il <span class=\"_ _8\"> </span>conto <span class=\"_ _8\"> </span>economic<span class=\"_ _1\"></span>o complessivo<span class=\"ls16\">.</span><div class=\"c w2 h0 gs2de\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h122 y12f1 ff3 fs12 fc2 sc0 ls0 ws0\">Informativa sui con<span class=\"_ _3\"></span>tenziosi fiscal<span class=\"_ _3\"></span>i </div><div class=\"t m0 x23 h3 y157b ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2d4 h340 gs2df\"><div class=\"t m0 x0 h13 y1cb2 ff2 fs3 fc2 sc0 ls0 ws0\">Sezione <span class=\"_ _1e\"> </span>Ires, <span class=\"_ _1e\"> </span>Irap, <span class=\"_ _1e\"> </span>Iva <span class=\"_ _4\"> </span>e </div><div class=\"t m0 x0 h13 y3b ff2 fs3 fc2 sc0 ls0 ws0\">Ritenute<span class=\"ff4\"> </span></div></div><div class=\"c w2d4 h341 gs2e0\"><div class=\"t m0 x0 h13 y1cb4 ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h13 y135b ff2 fs3 fc2 sc0 ls0 ws0\">Societ\u00e0 </div><div class=\"t m0 x0 h2c0 y349 ff2 fs7 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h2c0 ycc ff2 fs7 fc2 sc0 ls0 ws0\">Imposta </div></div><div class=\"c w264 h341 gs2e1\"><div class=\"t m0 x0 h13 y1cb5 ff2 fs3 fc2 sc0 ls0 ws0\">Descrizione </div><div class=\"t m0 x0 h13 y64c ff2 fs3 fc2 sc0 ls0 ws0\">del contenzioso<span class=\"_ _3\"></span> </div></div><div class=\"c w2d5 h341 gs2e2\"><div class=\"t m0 x0 h13 y1cb5 ff2 fs3 fc2 sc0 ls0 ws0\">Stato </div><div class=\"t m0 x0 h13 y64c ff2 fs3 fc2 sc0 ls0 ws0\">del contenzioso<span class=\"_ _3\"></span> </div></div><div class=\"c w1fc h341 gs2e3\"><div class=\"t mb x1a h13 y1 ff2 fs3 fc2 sc0 ls0 ws0\">Ammontare </div><div class=\"t mb xbc h13 y1 ff2 fs3 fc2 sc0 ls0 ws0\">contestato*</div><div class=\"t mb xbc h13 y30c ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2d6 h341 gs2e4\"><div class=\"t mb x3a h13 y1 ff2 fs3 fc2 sc0 ls0 ws0\">Importi pagati</div><div class=\"t mb x3a h13 y1591 ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t mb xa4 h13 y1 ff2 fs3 fc2 sc0 ls0 ws0\">(anche <span class=\"_ _9\"> </span>a </div><div class=\"t mb xa4 h13 y192a ff2 fs3 fc2 sc0 ls0 ws0\">titolo </div><div class=\"t mb x3 h13 y1 ff2 fs3 fc2 sc0 ls0 ws0\">provvisorio)**</div><div class=\"t mb x3 h13 y61c ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2d7 h341 gs2e5\"><div class=\"t mb xb h13 y1 ff2 fs3 fc2 sc0 ls0 ws0\">Accantonamenti</div><div class=\"t mb xb h13 y1cb6 ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t mb x32 h13 y1 ff2 fs3 fc2 sc0 ls0 ws0\">iscritti a bilancio</div><div class=\"t mb x32 h13 y1cb7 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2d4 h342 gs2e6\"><div class=\"t m0 x0 h13 y101d ff2 fs3 fc2 sc0 ls0 ws0\">Ascotrade Spa </div><div class=\"t m0 x0 h13 y1cb8 ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h13 y1cb9 ff2 fs3 fc2 sc0 ls0 ws0\">Ires, Irap e Iva </div><div class=\"t m0 x0 h13 y31 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w264 h342 gs2e7\"><div class=\"t m0 x5 h36 y1cba ff4 fs7 fc1 sc0 ls0 ws0\">Avvisi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>accertamento <span class=\"_ _f\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal </div><div class=\"t m0 x5 h36 y1cbb ff4 fs7 fc1 sc0 ls0 ws0\">2013  al  2020  r<span class=\"_ _5\"></span>elativi  alla  deducibili<span class=\"_ _5\"></span>t\u00e0  di </div><div class=\"t m0 x5 h36 y1cbc ff4 fs7 fc1 sc0 ls0 ws0\">alcune <span class=\"_ _6\"> </span>c<span class=\"_ _5\"></span>omponenti <span class=\"_ _e\"> </span>del <span class=\"_ _6\"> </span>cos<span class=\"_ _5\"></span>to <span class=\"_ _6\"> </span>di  acquisto </div><div class=\"t m0 x5 h36 y1cbd ff4 fs7 fc1 sc0 ls0 ws0\">della <span class=\"_ _8\"> </span>m<span class=\"_ _5\"></span>ateria <span class=\"_ _2\"> </span>prima <span class=\"_ _2\"> </span>e <span class=\"_ _2\"> </span>alla <span class=\"_ _2\"> </span>il<span class=\"_ _5\"></span>legittima </div><div class=\"t m0 x5 h36 y1cbe ffb fs7 fc1 sc0 ls0 ws0\">detrazione dell\u2019Iva<span class=\"ff4 fcf ls35\">. <span class=\"_ _5\"></span></span><span class=\"ff4\"> </span></div></div><div class=\"c w2d5 h342 gs2e8\"><div class=\"t m0 x5 h36 y1cbf ff4 fs7 fc1 sc0 ls0 ws0\">Per <span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>anni <span class=\"_ _7\"></span>2013 <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>014, <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>Corte <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>Giustiz<span class=\"_ _5\"></span>ia <span class=\"_ _5\"></span>Tri<span class=\"_ _5\"></span>butaria </div><div class=\"t m0 x5 h36 y1cc0 ffb fs7 fc1 sc0 ls0 ws0\">di  II  grado  ha  rigettato  l\u2019appello  proposto  dall\u2019<span class=\"_ _5\"></span>Agenzia </div><div class=\"t m0 x5 h36 y1cc1 ff4 fs7 fc1 sc0 ls0 ws0\">delle <span class=\"_ _5\"></span>entrate c<span class=\"_ _5\"></span>ondannandola <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>pagamento <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>spese. <span class=\"_ _5\"></span>I </div><div class=\"t m0 x5 h36 y1cc2 ffb fs7 fc1 sc0 ls0 ws0\">procedimenti  per <span class=\"_ _e\"> </span>l\u2019anno  2015  hanno  visto <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>entenze  di </div><div class=\"t m0 x5 h36 y1cc3 ffb fs7 fc1 sc0 ls0 ws0\">primo <span class=\"_ _f\"> </span>gr<span class=\"_ _5\"></span>ado <span class=\"_ _1e\"> </span>favorevoli <span class=\"_ _1e\"> </span>alla <span class=\"_ _f\"> </span>soci<span class=\"_ _5\"></span>et\u00e0. <span class=\"_ _1e\"> </span>L\u2019 <span class=\"_ _f\"> </span>Agenz<span class=\"_ _5\"></span>ia <span class=\"_ _f\"> </span>dell<span class=\"_ _5\"></span>e </div><div class=\"t m0 x5 h36 y1cc4 ff4 fs7 fc1 sc0 ls0 ws0\">entrate <span class=\"_ _10\"> </span>ha <span class=\"_ _4\"> </span>ri<span class=\"_ _5\"></span>corso <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>ppello <span class=\"_ _10\"> </span>davanti <span class=\"_ _10\"> </span>alla <span class=\"_ _4\"> </span>Corte <span class=\"_ _10\"> </span>di </div><div class=\"t m0 x5 h36 y1cc5 ff4 fs7 fc1 sc0 ls0 ws0\">Giustizia  Tributaria  di  II  grado  che  ha  riconf<span class=\"_ _5\"></span>ermato  la </div><div class=\"t m0 x5 h36 y1cc6 ffb fs7 fc1 sc0 ls0 ws0\">sentenza <span class=\"_ _5\"></span>di I <span class=\"_ _5\"></span>grado, <span class=\"_ _5\"></span>con socc<span class=\"_ _5\"></span>ombenza <span class=\"_ _5\"></span>dell\u2019Agenzia <span class=\"_ _5\"></span>delle </div><div class=\"t m0 x5 h36 y1cc7 ff4 fs7 fc1 sc0 ls0 ws0\">entrate. <span class=\"_ _f\"> </span> <span class=\"_ _f\"> </span>Per <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>2016 <span class=\"_ _1e\"> </span>al  2<span class=\"_ _5\"></span>018, <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>Corte <span class=\"_ _f\"> </span>di </div><div class=\"t m0 x5 h36 y172d ff4 fs7 fc1 sc0 ls0 ws0\">Giustizia <span class=\"_ _c\"> </span>Tri<span class=\"_ _5\"></span>butaria <span class=\"_ _22\"> </span>di <span class=\"_ _c\"> </span>I<span class=\"_ _5\"></span> <span class=\"_ _c\"> </span>gr<span class=\"_ _5\"></span>ado <span class=\"_ _22\"> </span>ha <span class=\"_ _22\"> </span>annullato <span class=\"_ _22\"> </span>gli </div><div class=\"t m0 x5 h36 y91 ff4 fs7 fc1 sc0 ls0 ws0\">accertamenti, <span class=\"_ _5\"></span>ma <span class=\"ffb\">l\u2019<span class=\"_ _5\"></span>Agenzia <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span></span>entrate <span class=\"_ _5\"></span>ha imp<span class=\"_ _5\"></span>ugnato la </div><div class=\"t m0 x5 h36 y1cc8 ff4 fs7 fc1 sc0 ls0 ws0\">sentenza. <span class=\"_ _1e\"> </span><span class=\"ffb\">Per <span class=\"_ _4\"> </span>l\u2019anno <span class=\"_ _4\"> </span>2019 <span class=\"_ _1e\"> </span>la <span class=\"_ _4\"> </span>societ\u00e0 <span class=\"_ _4\"> </span>ha <span class=\"_ _4\"> </span></span>presentato </div><div class=\"t m0 x5 h36 y1a18 ff4 fs7 fc1 sc0 ls0 ws0\">ricorso<span class=\"ls35\">, <span class=\"_ _4\"> </span></span>per <span class=\"_ _4\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>quale <span class=\"_ _4\"> </span>l<span class=\"ffb\">\u2019<span class=\"_ _5\"></span>Agenzia <span class=\"_ _4\"> </span>della <span class=\"_ _10\"> </span></span>Riscossione <span class=\"_ _4\"> </span>ha </div><div class=\"t m0 x5 h36 ybe ff4 fs7 fc1 sc0 ls0 ws0\">intimato <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>pagamento  della <span class=\"_ _6\"> </span>cauzione. <span class=\"_ _6\"> </span>S<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _6\"> </span>in  a<span class=\"_ _3\"></span>ttesa <span class=\"_ _6\"> </span>di </div><div class=\"t m0 x5 h36 y15b3 ff4 fs7 fc1 sc0 ls0 ws0\">fissazione  della  relativa  udienza.<span class=\"_ _5\"></span>  In  data  31  dicembre </div><div class=\"t m0 x5 h36 y17c4 ffb fs7 fc1 sc0 ls0 ws0\">2024 <span class=\"_ _f\"> </span>l\u2019Agenzia <span class=\"_ _1e\"> </span><span class=\"ff4\">delle <span class=\"_ _f\"> </span>entr<span class=\"_ _5\"></span>ate <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Ven<span class=\"_ _5\"></span>ezia <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>notifi<span class=\"_ _5\"></span>cato </span></div><div class=\"t m0 x5 h36 y1cc9 ffb fs7 fc1 sc0 ls0 ws0\">avviso <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>accert<span class=\"_ _5\"></span>amento <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>l\u2019anno <span class=\"_ _7\"></span>2020 <span class=\"_ _7\"></span>verso <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>quale <span class=\"_ _7\"></span>la </div><div class=\"t m0 x5 h36 ye2 ff4 fs7 fc1 sc0 ls0 ws0\">societ\u00e0 provveder\u00e0 a pr<span class=\"_ _5\"></span>esentare ricorso.<span class=\"_ _5\"></span> </div></div><div class=\"c w1fc h342 gs2e9\"><div class=\"t m0 x17 h36 y1cbc ff4 fs7 fc1 sc0 ls0 ws0\">13,6 </div></div><div class=\"c w2d6 h342 gs2ea\"><div class=\"t m0 xf h36 y1cbc ff4 fs7 fc1 sc0 ls46 ws0\">0,<span class=\"ls0\">3 </span></div></div><div class=\"c w2d7 h342 gs2eb\"><div class=\"t m0 xd h36 y1cbc ff4 fs7 fc1 sc0 ls0 ws0\">- </div></div><div class=\"c w2d4 h1d2 gs2ec\"><div class=\"t m0 x0 h13 y1023 ff2 fs3 fc2 sc0 ls0 ws0\">Herambiente Spa </div><div class=\"t m0 x0 h13 y377 ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h13 yb3a ff2 fs3 fc2 sc0 ls0 ws0\">Irap </div></div><div class=\"c w264 h1d2 gs2ed\"><div class=\"t m0 x5 h36 y1cca ff4 fs7 fc1 sc0 ls0 ws0\">Avvisi di accertamento <span class=\"_ _5\"></span>Irap per gli anni dal<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y175a ff4 fs7 fc1 sc0 ls0 ws0\">2009 <span class=\"_ _a\"> </span>al <span class=\"_ _9\"> </span>2013, <span class=\"_ _9\"> </span>circa <span class=\"_ _a\"> </span>l<span class=\"_ _5\"></span>a <span class=\"_ _a\"> </span>s<span class=\"_ _5\"></span>pettanza </div><div class=\"t m0 x5 h36 yc2b ffb fs7 fc1 sc0 ls0 ws0\">dell\u2019agevolazione <span class=\"_ _1e\"> </span>Irap <span class=\"_ _f\"> </span>\"c<span class=\"_ _5\"></span>uneo <span class=\"_ _f\"> </span>fis<span class=\"_ _5\"></span>cale\"<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ls14\">a </span></span></div><div class=\"t m0 x5 h36 y154d ff4 fs7 fc1 sc0 ls0 ws0\">favore della societ\u00e0<span class=\"_ _5\"></span>. </div></div><div class=\"c w2d5 h1d2 gs2ee\"><div class=\"t m0 x5 h36 y86 ff4 fs7 fc1 sc0 ls0 ws0\">Per  i  periodi <span class=\"_ _f\"> </span>d'imposta  acc<span class=\"_ _5\"></span>ertati,  a <span class=\"_ _f\"> </span>seguito  dei  ric<span class=\"_ _5\"></span>orsi </div><div class=\"t m0 x5 h36 y7f ff4 fs7 fc1 sc0 ls0 ws0\">presentati d<span class=\"_ _5\"></span>alla parte <span class=\"_ _5\"></span>di volta <span class=\"_ _5\"></span>in volt<span class=\"_ _5\"></span>a s<span class=\"_ _5\"></span>occombente (so<span class=\"_ _5\"></span>no </div><div class=\"t m0 x5 h36 y1ccb ff4 fs7 fc1 sc0 ls0 ws0\">presenti <span class=\"_ _4\"> </span>sentenze <span class=\"_ _4\"> </span>sia <span class=\"_ _4\"> </span>favorevoli<span class=\"_ _5\"></span> <span class=\"_ _1e\"> </span>che <span class=\"_ _4\"> </span>sfavor<span class=\"_ _5\"></span>evoli <span class=\"_ _4\"> </span>alla </div><div class=\"t m0 x5 h36 y136e ff4 fs7 fc1 sc0 ls0 ws0\">societ\u00e0), <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>procedime<span class=\"_ _5\"></span>nti <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>pendenti <span class=\"_ _7\"></span>innanzi <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>C<span class=\"_ _5\"></span>orte </div><div class=\"t m0 x5 h36 ydb ff4 fs7 fc1 sc0 ls0 ws0\">di Cassazione.  </div></div><div class=\"c w1fc h1d2 gs2ef\"><div class=\"t m0 x15 h36 y1ccb ff4 fs7 fc1 sc0 ls0 ws0\">4,1 </div></div><div class=\"c w2d6 h1d2 gs2f0\"><div class=\"t m0 xf h36 y1ccb ff4 fs7 fc1 sc0 ls0 ws0\">4,1 </div></div><div class=\"c w2d7 h1d2 gs2f1\"><div class=\"t m0 xd h36 y1ccb ff4 fs7 fc1 sc0 ls0 ws0\">- </div></div><div class=\"c w2d4 h343 gs2f3\"><div class=\"t m0 x0 h13 y1ccc ff2 fs3 fc2 sc0 ls0 ws0\">Herambiente Spa </div><div class=\"t m0 x0 h13 y1797 ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h13 y1798 ff2 fs3 fc2 sc0 ls0 ws0\">Ritenute su divi<span class=\"_ _3\"></span>dendi </div><div class=\"t m0 x0 h13 y1799 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w264 h343 gs2f4\"><div class=\"t m0 x5 h36 y1ccd ff4 fs7 fc1 sc0 ls0 ws0\">Avvisi <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>accertamento <span class=\"_ _6\"> </span>v<span class=\"_ _5\"></span>erso <span class=\"_ _6\"> </span>la <span class=\"_ _6\"> </span>mancata<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1cce ff4 fs7 fc1 sc0 ls0 ws0\">applicazione <span class=\"_ _f\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _f\"> </span>ri<span class=\"_ _5\"></span>tenuta <span class=\"_ _f\"> </span>sui <span class=\"_ _1e\"> </span>dividendi </div><div class=\"t m0 x5 h36 y1ccf ff4 fs7 fc1 sc0 ls0 ws0\">distribuiti <span class=\"_ _7\"></span>ad <span class=\"_ _7\"></span>Am<span class=\"_ _5\"></span>biente <span class=\"_ _7\"></span>Arancione<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>U.A. <span class=\"_ _7\"></span>ed<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1cd0 ff4 fs7 fc1 sc0 ls0 ws0\">European  Waste<span class=\"_ _5\"></span>  Holding <span class=\"_ _f\"> </span>Ltd  negli  anni<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y143f ff4 fs7 fc1 sc0 ls0 ws0\">2016<span class=\"ls35\">, </span>2017, 2018 e<span class=\"_ _5\"></span> 2019. </div></div><div class=\"c w2d5 h343 gs2f5\"><div class=\"t m0 x5 h36 y1cd1 ff4 fs7 fcd sc0 ls0 ws0\">Con riferim<span class=\"_ _5\"></span>ento ai <span class=\"_ _5\"></span>procedimenti p<span class=\"_ _5\"></span>er gli <span class=\"_ _5\"></span>anni 2<span class=\"_ _5\"></span>016 e <span class=\"_ _5\"></span>2017, </div><div class=\"t m0 x5 h36 y1400 ff4 fs7 fcd sc0 ls0 ws0\">nel c<span class=\"_ _5\"></span>orso d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>2024 s<span class=\"_ _5\"></span>ono s<span class=\"_ _5\"></span>tate <span class=\"_ _5\"></span>depositate <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>sentenze <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>I </div><div class=\"t m0 x5 h36 y1ccd ff4 fs7 fcd sc0 ls0 ws0\">grado <span class=\"_ _7\"></span>entrambe <span class=\"_ _6\"></span>favorevoli <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>Societ\u00e0. <span class=\"_ _7\"></span>Sono <span class=\"_ _7\"></span>pende<span class=\"_ _5\"></span>nti <span class=\"_ _7\"></span>i </div><div class=\"t m0 x5 h36 y1cce ff4 fs7 fcd sc0 ls0 ws0\">termini  per  la  presentazio<span class=\"_ _5\"></span>ne  del  ricorso  in  a<span class=\"_ _5\"></span>ppello  da </div><div class=\"t m0 x5 h36 y1ccf ffb fs7 fcd sc0 ls0 ws0\">parte <span class=\"_ _4\"> </span>dell\u2019Agenzia <span class=\"_ _4\"> </span>delle <span class=\"_ _4\"> </span>Entrate <span class=\"_ _4\"> </span>avverso <span class=\"_ _4\"> </span>le<span class=\"_ _5\"></span> <span class=\"_ _1e\"> </span>sud<span class=\"_ _5\"></span>dette </div><div class=\"t m0 x5 h36 y1cd0 ff4 fs7 fcd sc0 ls0 ws0\">sentenze. <span class=\"_ _6\"> </span>Nel <span class=\"_ _6\"></span>corso <span class=\"_ _6\"> </span>del <span class=\"_ _6\"> </span>2024 <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ociet\u00e0 <span class=\"_ _6\"> </span>ha <span class=\"_ _6\"> </span>ricevuto <span class=\"_ _6\"> </span>gli </div><div class=\"t m0 x5 h36 y143f ff4 fs7 fcd sc0 ls0 ws0\">avvisi di <span class=\"_ _5\"></span>accertamento p<span class=\"_ _5\"></span>er gli <span class=\"_ _5\"></span>anni 2<span class=\"_ _5\"></span>018 e <span class=\"_ _5\"></span>2019 avvers<span class=\"_ _5\"></span>o i </div><div class=\"t m0 x5 h36 y1cd2 ff4 fs7 fcd sc0 ls0 ws0\">quali <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>stati pr<span class=\"_ _5\"></span>esentati i<span class=\"_ _5\"></span> r<span class=\"_ _5\"></span>elativi <span class=\"_ _5\"></span>ricorsi <span class=\"_ _5\"></span>presso <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>Corte </div><div class=\"t m0 x5 h36 y1cd3 ff4 fs7 fcd sc0 ls0 ws0\">di Giustizia Tributaria com<span class=\"_ _5\"></span>petente.<span class=\"fc1\"> </span></div></div><div class=\"c w1fc h343 gs2f6\"><div class=\"t m0 x15 h36 y1ccf ff4 fs7 fc1 sc0 ls0 ws0\">7<span class=\"ls58\">,0</span> </div></div><div class=\"c w2d6 h343 gs2f7\"><div class=\"t m0 x9d h36 y1ccf ff4 fs7 fc1 sc0 ls0 ws0\">- </div></div><div class=\"c w2d7 h343 gs2f8\"><div class=\"t m0 xd h36 y1ccf ff4 fs7 fc1 sc0 ls0 ws0\">- </div></div><div class=\"c w2d4 h344 gs2f9\"><div class=\"t m0 x0 h13 y1cd5 ff2 fs3 fc2 sc0 ls0 ws0\">Marche  </div><div class=\"t m0 x0 h13 y1cd6 ff2 fs3 fc2 sc0 ls0 ws0\">Multiservizi Spa<span class=\"_ _3\"></span> </div><div class=\"t m0 x0 h13 y1cd7 ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h13 y1937 ff2 fs3 fc2 sc0 ls0 ws0\">Ires e Irap </div></div><div class=\"c w264 h344 gs2fa\"><div class=\"t m0 x5 h36 y1cd8 ff4 fs7 fc1 sc0 ls0 ws0\">Avvisi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>accertamento <span class=\"_ _f\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal </div><div class=\"t m0 x5 h36 y1cd9 ff4 fs7 fc1 sc0 ls0 ws0\">2009  al <span class=\"_ _6\"> </span>2016  con  contestazione <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>elativa </div><div class=\"t m0 x5 h36 y1417 ffb fs7 fc1 sc0 ls0 ws0\">alla <span class=\"_ _8\"> </span>deduzion<span class=\"_ _5\"></span>e <span class=\"_ _8\"> </span>dell\u2019acca<span class=\"_ _5\"></span>ntonamento <span class=\"_ _8\"> </span>ai<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y17c0 ff4 fs7 fc1 sc0 ls0 ws0\">fondi di post-gesti<span class=\"_ _5\"></span>one delle discariche.<span class=\"_ _5\"></span> </div></div><div class=\"c w2d5 h344 gs2fb\"><div class=\"t m0 x5 h36 y1cda ff4 fs7 fc1 sc0 ls0 ws0\">Per <span class=\"_ _f\"> </span>gli <span class=\"_ _1e\"> </span>anni <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>2<span class=\"_ _5\"></span>009 <span class=\"_ _f\"> </span>al <span class=\"_ _1e\"> </span>2011, <span class=\"_ _1e\"> </span>a <span class=\"_ _f\"> </span>seguito <span class=\"_ _1e\"> </span>dei <span class=\"_ _f\"> </span>ricorsi </div><div class=\"t m0 x5 h36 y1cdb ff4 fs7 fc1 sc0 ls0 ws0\">presentati <span class=\"_ _7\"></span>dalla <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>arte <span class=\"_ _7\"></span>soccombente <span class=\"_ _6\"></span>avverso <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>sentenze </div><div class=\"t m0 x5 h36 y1cdc ff4 fs7 fc1 sc0 ls0 ws0\">sfavorevoli <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>Corte <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Gius<span class=\"_ _5\"></span>tizia <span class=\"_ _7\"></span>Tributaria <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>II <span class=\"_ _7\"></span>grado <span class=\"_ _6\"> </span>ha </div><div class=\"t m0 x5 h36 y1cdd ffb fs7 fc1 sc0 ls0 ws0\">emesso <span class=\"_ _6\"></span>sentenze <span class=\"_ _6\"> </span>favorev<span class=\"_ _5\"></span>oli <span class=\"_ _6\"></span>all\u2019Ufficio, <span class=\"_ _6\"> </span>verso <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>quali <span class=\"_ _6\"> </span>la </div><div class=\"t m0 x5 h36 y13c8 ff4 fs7 fc1 sc0 ls0 ws0\">societ\u00e0 <span class=\"_ _5\"></span>ha <span class=\"_ _7\"></span>proposto <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>Cassazion<span class=\"_ _5\"></span>e<span class=\"ls35\">. <span class=\"_ _7\"></span></span>Per <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>anni </div><div class=\"t m0 x5 h36 y6b ff4 fs7 fc1 sc0 ls0 ws0\">2012, 2013, <span class=\"_ _5\"></span>2014 e 2015 la<span class=\"_ _5\"></span> Corte d Giustizia<span class=\"_ _5\"></span> di <span class=\"_ _5\"></span>I grado si </div><div class=\"t m0 x5 h36 y1cc8 ff4 fs7 fc1 sc0 ls0 ws0\">\u00e8 <span class=\"_ _10\"> </span>espressa <span class=\"_ _8\"> </span>con <span class=\"_ _10\"> </span>giudizio <span class=\"_ _8\"> </span>favorevole <span class=\"_ _10\"> </span>o <span class=\"_ _8\"> </span>parzialmente </div><div class=\"t m0 x5 h36 y1a18 ff4 fs7 fc1 sc0 ls0 ws0\">favorevole <span class=\"_ _5\"></span>verso <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ociet\u00e0, <span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>n <span class=\"_ _5\"></span>conseguent<span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>appello <span class=\"_ _7\"></span>da </div><div class=\"t m0 x5 h36 ybe ffb fs7 fc1 sc0 ls0 ws0\">parte <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>ell\u2019Ufficio <span class=\"_ _e\"> </span>alla <span class=\"_ _6\"> </span>C<span class=\"_ _5\"></span>orte <span class=\"_ _e\"> </span>di <span class=\"_ _6\"> </span>giustizi<span class=\"_ _5\"></span>a <span class=\"_ _6\"> </span>di  II <span class=\"_ _6\"> </span>grado.  <span class=\"ff4\">Per </span></div><div class=\"t m0 x5 h36 y15b3 ff4 fs7 fc1 sc0 ls0 ws0\">l'anno <span class=\"_ _6\"></span>2016, <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _7\"></span>ha <span class=\"_ _6\"> </span>impugn<span class=\"ffb\">a<span class=\"_ _5\"></span>to <span class=\"_ _7\"></span>l\u2019acc<span class=\"_ _5\"></span>ertamento. <span class=\"_ _6\"></span></span>In </div><div class=\"t m0 x5 h36 y17c4 ff4 fs7 fc1 sc0 ls0 ws0\">data <span class=\"_ _5\"></span>26 novem<span class=\"_ _5\"></span>bre 2<span class=\"_ _5\"></span>024 la <span class=\"_ _5\"></span>Corte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Giustizia <span class=\"_ _5\"></span>Tributaria <span class=\"_ _5\"></span>di </div><div class=\"t m0 x5 h36 y1cc9 ff4 fs7 fc1 sc0 ls0 ws0\">I <span class=\"_ _7\"></span>grado <span class=\"_ _6\"> </span>di <span class=\"_ _7\"></span>Anco<span class=\"_ _5\"></span>na <span class=\"_ _7\"></span>ha <span class=\"_ _6\"></span>emesso <span class=\"_ _7\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>sentenza<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>quale </div><div class=\"t m0 x5 h36 ye2 ff4 fs7 fc1 sc0 ls0 ws0\">ha respinto il ricorso d<span class=\"_ _5\"></span>ella societ\u00e0.<span class=\"_ _5\"></span> </div></div><div class=\"c w1fc h344 gs2fc\"><div class=\"t m0 x15 h36 y1cc8 ff4 fs7 fc1 sc0 ls0 ws0\">2,5 </div></div><div class=\"c w2d6 h344 gs2fd\"><div class=\"t m0 xf h36 y1cc8 ff4 fs7 fc1 sc0 ls46 ws0\">1,<span class=\"ls0\">4 </span></div></div><div class=\"c w2d7 h344 gs2fe\"><div class=\"t m0 x13 h36 y1cc8 ff4 fs7 fc1 sc0 ls46 ws0\">0,<span class=\"ls0\">4 </span></div></div><div class=\"c w2d4 h345 gs2ff\"><div class=\"t m0 x0 h13 y1cde ff2 fs3 fc2 sc0 ls0 ws0\">Inrete  </div><div class=\"t m0 x0 h13 y1cdf ff2 fs3 fc2 sc0 ls0 ws0\">Distribuzione S<span class=\"_ _3\"></span>pa </div><div class=\"t m0 x0 h13 y1ce0 ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h13 y1ce1 ff2 fs3 fc2 sc0 ls0 ws0\">Ires e Irap </div></div><div class=\"c w264 h345 gs300\"><div class=\"t m0 x5 h36 y1ce2 ff4 fs7 fcd sc0 ls0 ws0\">Avvisi <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>accertamento <span class=\"_ _1e\"> </span>Ires <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>Irap <span class=\"_ _1e\"> </span>per </div><div class=\"t m0 x5 h36 y1ce3 ff4 fs7 fcd sc0 ls0 ws0\">l'anno 2016, <span class=\"_ _5\"></span>2017 e <span class=\"_ _5\"></span>2018 <span class=\"_ _5\"></span>aventi a <span class=\"_ _5\"></span>oggetto </div><div class=\"t m0 x5 h36 y1ce4 ffb fs7 fcd sc0 ls0 ws0\">l\u2019indebita <span class=\"_ _1f\"> </span>deduzione <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>on<span class=\"_ _5\"></span>eri <span class=\"_ _5b\"> </span>d<span class=\"_ _5\"></span>a </div><div class=\"t m0 x5 h36 y1ce5 ffb fs7 fcd sc0 ls0 ws0\">attualizzazione, <span class=\"_ _1d\"> </span>l\u2019erra<span class=\"_ _5\"></span>ta <span class=\"_ _1d\"> </span>determinazion<span class=\"_ _5\"></span>e </div><div class=\"t m0 x5 h36 y1ce6 ffb fs7 fcd sc0 ls0 ws0\">dell\u2019agevolazione <span class=\"_ _8\"> </span>maxi<span class=\"_ _5\"></span><span class=\"ff4\">-ammortamenti <span class=\"_ _2\"> </span>e </span></div><div class=\"t m0 x5 h36 y1ce7 ff4 fs7 fcd sc0 ls0 ws0\">iper-<span class=\"ffb\">ammortamenti <span class=\"_ _69\"> </span>(quest\u2019ultima </span></div><div class=\"t m0 x5 h36 y1ce8 ff4 fs7 fcd sc0 ls0 ws0\">contestata <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>il<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>2017 <span class=\"_ _6\"> </span>e <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>20<span class=\"_ _5\"></span>18) <span class=\"_ _7\"></span>circa<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>gli<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1ce9 ff4 fs7 fcd sc0 ls0 ws0\">oneri <span class=\"_ _a\"> </span>accessori <span class=\"_ _a\"> </span>all'installazi<span class=\"_ _5\"></span>one <span class=\"_ _11\"> </span>d<span class=\"_ _5\"></span>egli </div><div class=\"t m0 x5 h36 y1cea ffb fs7 fcd sc0 ls0 ws0\">smart <span class=\"_ _5\"></span>meters, <span class=\"_ _7\"></span>ovvero <span class=\"_ _5\"></span>l\u2019<span class=\"_ _5\"></span>indebita <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>duzione </div><div class=\"t m0 x5 h36 y1ceb ff4 fs7 fcd sc0 ls0 ws0\">di <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>relativi<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>personale <span class=\"_ _7\"></span>dipendente <span class=\"_ _7\"></span>ai </div><div class=\"t m0 x5 h36 ybf0 ff4 fs7 fcd sc0 ls0 ws0\">fini Irap (solo 2016).<span class=\"_ _5\"></span><span class=\"fc1\"> </span></div></div><div class=\"c w2d5 h345 gs301\"><div class=\"t m0 x5 h36 y1cec ff4 fs7 fcd sc0 ls0 ws0\">Con <span class=\"_ _5\"></span>riferime<span class=\"_ _5\"></span>nto <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>pretesa <span class=\"_ _7\"></span>Irap, <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>definito <span class=\"_ _5\"></span>il<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1ced ffb fs7 fcd sc0 ls0 ws0\">contraddittorio <span class=\"_ _e\"> </span>con <span class=\"_ _6\"> </span>l\u2019<span class=\"_ _5\"></span>Agenzia  d<span class=\"_ _3\"></span>elle  <span class=\"ff4\">entrate <span class=\"_ _6\"> </span>e  ha <span class=\"_ _6\"> </span>pagato </span></div><div class=\"t m0 x5 h36 y1cee ffb fs7 fcd sc0 ls0 ws0\">l\u2019imposta <span class=\"_ _6\"> </span>dovuta <span class=\"_ _6\"></span>(di <span class=\"_ _6\"> </span>entit\u00e0 <span class=\"_ _6\"></span>modesta). <span class=\"_ _6\"> </span>Con <span class=\"_ _6\"> </span>riferimento <span class=\"_ _6\"> </span>ai </div><div class=\"t m0 x5 h36 y1cef ff4 fs7 fcd sc0 ls0 ws0\">due <span class=\"_ _7\"></span>ril<span class=\"_ _5\"></span>ievi <span class=\"_ _6\"></span>Ires, <span class=\"_ _7\"></span>avverso <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>q<span class=\"_ _5\"></span>uali <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"> </span>stato <span class=\"_ _6\"></span>proposto <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>corso, </div><div class=\"t m0 x5 h36 y1cf0 ff4 fs7 fcd sc0 ls0 ws0\">nel <span class=\"_ _6\"></span>2022 <span class=\"_ _7\"></span>la <span class=\"_ _6\"> </span>Corte <span class=\"_ _6\"> </span>di <span class=\"_ _6\"></span>Giustizia <span class=\"_ _7\"></span>Tri<span class=\"_ _5\"></span>butaria <span class=\"_ _6\"> </span>ha <span class=\"_ _6\"></span>pronunciato </div><div class=\"t m0 x5 h36 y1cf1 ff4 fs7 fcd sc0 ls0 ws0\">sentenza <span class=\"_ _6a\"> </span>di <span class=\"_ _6a\"> </span>I <span class=\"_ _6a\"> </span>g<span class=\"_ _3\"></span>rado <span class=\"_ _6a\"> </span>favorevole <span class=\"_ _6a\"> </span>alla <span class=\"_ _6a\"> </span>societ\u00e0. </div><div class=\"t m0 x5 h36 y1cf2 ffb fs7 fcd sc0 ls0 ws0\">Conseguentemente <span class=\"_ _e\"> </span>l\u2019Agenzia <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _e\"> </span><span class=\"ff4\">entrate <span class=\"_ _6\"> </span>ha  p<span class=\"_ _3\"></span>roposto </span></div><div class=\"t m0 x5 h36 y1cf3 ff4 fs7 fcd sc0 ls0 ws0\">appello.  Il <span class=\"_ _f\"> </span>procedimento<span class=\"_ _5\"></span>  \u00e8 <span class=\"_ _f\"> </span>attualmente  pend<span class=\"_ _5\"></span>ente  in  II<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1cf4 ffb fs7 fcd sc0 ls0 ws0\">grado. <span class=\"_ _6\"> </span>Con  riferimento <span class=\"_ _6\"> </span>all\u2019avviso  d<span class=\"_ _3\"></span>i  a<span class=\"_ _3\"></span>ccertamento <span class=\"_ _e\"> </span>2017 </div><div class=\"t m0 x5 h36 y1cf5 ff4 fs7 fcd sc0 ls0 ws0\">nel <span class=\"_ _6\"> </span>corso  de<span class=\"_ _3\"></span>l  2024 <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>stata  depositata <span class=\"_ _6\"> </span>la  sentenza <span class=\"_ _6\"> </span>di  I </div><div class=\"t m0 x5 h36 y1cf6 ff4 fs7 fcd sc0 ls0 ws0\">grado favorevole<span class=\"_ _5\"></span> alla soci<span class=\"_ _5\"></span>et\u00e0. Sono <span class=\"_ _5\"></span>pendenti i<span class=\"_ _5\"></span> termini <span class=\"_ _5\"></span>per </div><div class=\"t m0 x5 h36 y1cf7 ff4 fs7 fcd sc0 ls0 ws0\">la <span class=\"_ _2\"> </span>present<span class=\"_ _5\"></span>azione <span class=\"_ _2\"> </span>del <span class=\"_ _2\"> </span>ri<span class=\"_ _5\"></span>corso <span class=\"_ _2\"> </span>i<span class=\"_ _5\"></span>n <span class=\"_ _2\"> </span>appell<span class=\"_ _5\"></span>o <span class=\"_ _2\"> </span>da <span class=\"_ _1d\"> </span>parte </div><div class=\"t m0 x5 h36 y1cf8 ffb fs7 fcd sc0 ls0 ws0\">dell\u2019Agenzia <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span><span class=\"ff4\">entrate <span class=\"_ _7\"></span>avverso <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>su<span class=\"_ _5\"></span>ddetta <span class=\"_ _7\"></span>sentenza. </span></div><div class=\"t m0 x5 h36 y1cf9 ff4 fs7 fcd sc0 ls0 ws0\">In  pendenz<span class=\"_ _5\"></span>a  di <span class=\"_ _f\"> </span>giudizio  la<span class=\"_ _5\"></span>  societ\u00e0 <span class=\"_ _f\"> </span>ha  pagat<span class=\"_ _5\"></span>o  a <span class=\"_ _f\"> </span>titolo </div><div class=\"t m0 x5 h36 y1cfa ffb fs7 fcd sc0 ls0 ws0\">provvisorio <span class=\"_ _1e\"> </span>1/3 <span class=\"_ _4\"> </span>dell\u2019imposta <span class=\"_ _1e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _1e\"> </span>gli <span class=\"_ _1e\"> </span>interessi <span class=\"_ _4\"> </span>dovuti. <span class=\"_ _1e\"> </span>Si </div><div class=\"t m0 x5 h36 y1cfb ffb fs7 fcd sc0 ls0 ws0\">attende <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>rimborso <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>dell\u2019Agenzia <span class=\"_ _7\"></span>delle <span class=\"_ _6\"> </span><span class=\"ff4\">entrate <span class=\"_ _6\"></span>a </span></div><div class=\"t m0 x5 h36 y1cfc ff4 fs7 fcd sc0 ls0 ws0\">seguito della sudd<span class=\"_ _5\"></span>etta sentenza favor<span class=\"_ _5\"></span>evole.<span class=\"_ _5\"></span> Nel corso del </div><div class=\"t m0 x5 h36 y1cfd ffb fs7 fcd sc0 ls0 ws0\">2024  \u00e8  stato  notificato<span class=\"_ _5\"></span>  l\u2019avviso  di  accertamento  per  il<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1cfe ffb fs7 fcd sc0 ls0 ws0\">periodo <span class=\"_ _2\"> </span>d\u2019imposta <span class=\"_ _2\"> </span>2<span class=\"_ _5\"></span>018 <span class=\"_ _2\"> </span>a<span class=\"ff4\">vverso <span class=\"_ _2\"> </span>il<span class=\"_ _5\"></span> <span class=\"_ _2\"> </span>quale <span class=\"_ _2\"> </span>\u00e8 <span class=\"_ _2\"> </span>stato </span></div><div class=\"t m0 x5 h36 y1cff ff4 fs7 fcd sc0 ls0 ws0\">presentato <span class=\"_ _7\"></span>ricorso <span class=\"_ _7\"></span>presso <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>Corte <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Gi<span class=\"_ _5\"></span>ustizia <span class=\"_ _5\"></span>Tri<span class=\"_ _5\"></span>butaria </div><div class=\"t m0 x5 h36 y136e ff4 fs7 fcd sc0 ls0 ws0\">competente. I<span class=\"_ _5\"></span>n pendenza <span class=\"_ _5\"></span>di giudizio l<span class=\"_ _5\"></span>a societ\u00e0<span class=\"_ _5\"></span> ha <span class=\"_ _5\"></span>pagato </div><div class=\"t m0 x5 h36 ydb ffb fs7 fcd sc0 ls0 ws0\">a titolo provvisorio 1/3 dell<span class=\"_ _5\"></span>\u2019imposta e gli interessi<span class=\"_ _5\"></span> dovuti.<span class=\"_ _5\"></span><span class=\"ff4\"> </span></div></div><div class=\"c w1fc h345 gs302\"><div class=\"t m0 x15 h36 y1ce7 ff4 fs7 fc1 sc0 ls0 ws0\">2,8 </div></div><div class=\"c w2d6 h345 gs303\"><div class=\"t m0 xf h36 y1ce7 ff4 fs7 fc1 sc0 ls46 ws0\">0,<span class=\"ls0\">5 </span></div></div><div class=\"c w2d7 h345 gs304\"><div class=\"t m0 xd h36 y1ce7 ff4 fs7 fc1 sc0 ls0 ws0\">- </div></div>Hera Luce Srl<span class=\"_ _3\"></span> Ires e Irap Avviso  di  accertamento  per  l\u2019anno  2013 relativo <span class=\"_ _1d\"> </span>alla <span class=\"_ _2\"> </span>d<span class=\"_ _5\"></span>educibilit\u00e0 <span class=\"_ _1d\"> </span>dei <span class=\"_ _1d\"> </span>costi <span class=\"_ _2\"> </span>di<span class=\"_ _5\"></span> manutenzione ordinaria.<span class=\"_ _5\"></span> \u00c8  stato<span class=\"_ _3\"></span>  proposto  ricorso <span class=\"_ _e\"> </span>in  appello  p<span class=\"_ _3\"></span>resso  la  Co<span class=\"_ _3\"></span>rte  di Giustizia  Tributaria  di <span class=\"_ _e\"> </span>II  grado  contro <span class=\"_ _e\"> </span>la  sentenza  di <span class=\"_ _e\"> </span>I grado, <span class=\"_ _6\"> </span>che  ha <span class=\"_ _6\"> </span>annullato <span class=\"_ _e\"> </span>le <span class=\"_ _6\"> </span>sa<span class=\"_ _5\"></span>nzioni, <span class=\"_ _6\"> </span>ma<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>conferm<span class=\"_ _5\"></span>ato <span class=\"_ _6\"> </span>le maggiori <span class=\"_ _1e\"> </span>im<span class=\"_ _5\"></span>poste <span class=\"_ _1e\"> </span>richieste. <span class=\"_ _4\"> </span>La <span class=\"_ _1e\"> </span>Soci<span class=\"_ _5\"></span>et\u00e0 <span class=\"_ _1e\"> </span>ha <span class=\"_ _4\"> </span>definito <span class=\"_ _1e\"> </span>il giudizio <span class=\"_ _8\"> </span>ricorre<span class=\"_ _5\"></span>ndo <span class=\"_ _8\"> </span>all'istituto <span class=\"_ _2\"> </span>della <span class=\"_ _8\"> </span>definizio<span class=\"_ _5\"></span>ne <span class=\"_ _8\"> </span>delle controversie <span class=\"_ _6\"> </span>tributarie <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>c<span class=\"_ _5\"></span>ui <span class=\"_ _6\"> </span>all'art. <span class=\"_ _6\"> </span>1, <span class=\"_ _6\"> </span>commi <span class=\"_ _6\"> </span>197 <span class=\"_ _6\"> </span>ss <span class=\"_ _6\"> </span>L. 29/12/2022, <span class=\"_ _5\"></span>n. <span class=\"_ _7\"></span>197 <span class=\"_ _5\"></span>(Legge <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Bi<span class=\"_ _5\"></span>lancio <span class=\"_ _5\"></span>2023). <span class=\"_ _5\"></span>In<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>di comunicazione della cess<span class=\"_ _5\"></span>ata materia del conten<span class=\"_ _5\"></span>dere.<span class=\"_ _5\"></span> 0,6 0,3 - *  per  \u201cammontare  contestato\u201d  si  intende  l'i<span class=\"_ _3\"></span>mporto  originario  oggetto  di  contestazione <span class=\"_ _e\"> </span>privo  di  interessi,  a  meno  di  ridetermi<span class=\"_ _5\"></span><span class=\"ff1\">nazioni  intervenute  a  seguito  di<span class=\"_ _3\"></span> </span>conciliazione giudiziale, accertamento con adesione, annullamento parziale in sede giudiziale o in autotutela. ** gli importi pagati accolgono gli interessi, laddove dovuti.  Sezione altre imp<span class=\"_ _3\"></span>oste Societ\u00e0 Imposta Descrizione del contenzioso Stato del contenzioso Ammontare contestato*Importi pagati(anche <span class=\"_ _2\"> </span>a <span class=\"_ _1d\"> </span>tit<span class=\"_ _3\"></span>olo provvisorio)**Accantonamentiiscritti a bilancioHerambiente Spa Ecotassa Atti <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontestazione <span class=\"_ _6\"></span>relativi <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>disc<span class=\"_ _5\"></span>arica di  Sommacampagna  per  i  periodi  2014-<span class=\"_ _75\"> </span>2017. Per  il <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span><span class=\"ffb\">d\u2019imposta <span class=\"_ _f\"> </span>2014</span>  si <span class=\"_ _f\"> </span>\u00e8  tenu<span class=\"_ _5\"></span>ta  udienz<span class=\"_ _5\"></span>a  di trattazione <span class=\"_ _e\"> </span><span class=\"fcd\">e <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>giudizi<span class=\"_ _5\"></span>o <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>stat<span class=\"_ _5\"></span>o <span class=\"_ _6\"></span>sospeso. <span class=\"_ _6\"> </span>P<span class=\"_ _5\"></span>er <span class=\"_ _6\"> </span>il<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>periodo </span>2015 <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>entenza <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _7\"></span>Corte <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Giustizia <span class=\"_ _7\"></span>Tri<span class=\"_ _5\"></span>butaria <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>II grado <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>risult<span class=\"_ _5\"></span>ata <span class=\"_ _5\"></span>favorevole<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>soci<span class=\"_ _5\"></span>et\u00e0. <span class=\"_ _5\"></span>Sono <span class=\"_ _7\"></span>pendenti <span class=\"_ _5\"></span>i termini per<span class=\"_ _5\"></span> la pr<span class=\"_ _5\"></span>esentazione <span class=\"_ _5\"></span>del ri<span class=\"_ _5\"></span>corso in <span class=\"_ _5\"></span>Cassazione<span class=\"_ _5\"></span> da parte <span class=\"_ _1d\"> </span>della <span class=\"_ _1d\"> </span>Regione <span class=\"_ _1d\"> </span>V<span class=\"_ _5\"></span>eneto <span class=\"_ _1d\"> </span>avverso <span class=\"_ _1d\"> </span>l<span class=\"_ _5\"></span>a <span class=\"_ _1d\"> </span>suddetta sentenza. <span class=\"_ _6\"> </span>Per <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>periodi  d\u2019imposta <span class=\"_ _6\"> </span>2016 <span class=\"_ _6\"> </span>e  2<span class=\"_ _3\"></span>017 <span class=\"_ _6\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>stata depositata <span class=\"_ _8\"> </span>la <span class=\"_ _10\"> </span>sentenza <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>I <span class=\"_ _8\"> </span>grado <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _10\"> </span>ri<span class=\"_ _5\"></span>sultata parzialmente <span class=\"_ _10\"> </span>favorev<span class=\"_ _5\"></span>ole <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>soci<span class=\"_ _5\"></span>et\u00e0. <span class=\"_ _10\"> </span>A <span class=\"_ _10\"> </span>seguito <span class=\"_ _8\"> </span>del ricorso <span class=\"_ _1e\"> </span>in <span class=\"_ _4\"> </span>appello <span class=\"_ _4\"> </span>da <span class=\"_ _1e\"> </span>p<span class=\"_ _5\"></span>arte <span class=\"_ _1e\"> </span>della <span class=\"_ _4\"> </span>Regione <span class=\"_ _4\"> </span>Veneto <span class=\"_ _1e\"> </span>il procedimento  \u00e8  pendente  presso  la  Corte  di  Giustizia Tributaria di II grado.<span class=\"_ _5\"></span><span class=\"fc1\"> </span>7,0 - 1,5 Hera Servizi En<span class=\"_ _3\"></span>ergia Spa Crediti <span class=\"_ _8\"> </span>d\u2019imposta <span class=\"_ _10\"> </span>bonus edilizi Annullamento <span class=\"_ _10\"> </span>comunicazione <span class=\"_ _10\"> </span>sconto <span class=\"_ _4\"> </span>i<span class=\"_ _5\"></span>n fattura art.121 del DL 34/202<span class=\"_ _5\"></span>0 Nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>del <span class=\"_ _1e\"> </span>2024 <span class=\"_ _f\"> </span>l<span class=\"_ _5\"></span><span class=\"ffb\">\u2019Agenzia <span class=\"_ _f\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _f\"> </span></span>entrate <span class=\"_ _1e\"> </span>Direzione Provinciale  di <span class=\"_ _f\"> </span>Trieste  e<span class=\"_ _5\"></span>  di  V<span class=\"_ _5\"></span>enezia  hanno  pr<span class=\"_ _5\"></span>ovveduto all\u2019annullamento <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>alcu<span class=\"_ _5\"></span>ne <span class=\"_ _5\"></span>com<span class=\"_ _5\"></span>unicazioni <span class=\"_ _7\"></span>dello <span class=\"_ _7\"></span>sc<span class=\"_ _5\"></span>onto <span class=\"_ _5\"></span>in fattura relative a <span class=\"_ _5\"></span>pratiche vers<span class=\"_ _5\"></span>o condominii. <span class=\"_ _5\"></span>La societ<span class=\"_ _5\"></span>\u00e0 ha provveduto a presentar<span class=\"_ _5\"></span>e i relativi ricorsi.<span class=\"_ _5\"></span> 5,1 -<div class=\"c w2d8 h2ce gs306\"><div class=\"t m0 x0 h13 y1d0c ff2 fs3 fc2 sc0 ls0 ws0\">Herambiente Spa </div><div class=\"t m0 x0 h13 y1d0d ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h13 y1d0e ff2 fs3 fc2 sc0 ls0 ws0\">Ici/Imu </div></div><div class=\"c w264 h2ce gs307\"><div class=\"t m0 x5 h36 y1d0f ff4 fs7 fc1 sc0 ls0 ws0\">Avvisi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>accertame<span class=\"_ _5\"></span>nto <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1d10 ff4 fs7 fc1 sc0 ls0 ws0\">2008 <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>20<span class=\"ls14\">23</span> <span class=\"_ _4\"> </span>emessi<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>seguito <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ella </div><div class=\"t m0 x5 h36 y1d11 ff4 fs7 fc1 sc0 ls0 ws0\">rettifica <span class=\"_ _6b\"> </span>di <span class=\"_ _5c\"> </span>classam<span class=\"_ _5\"></span>ento <span class=\"_ _5c\"> </span>c<span class=\"_ _5\"></span>atastale </div><div class=\"t m0 x5 h36 yd57 ffb fs7 fc1 sc0 ls0 ws0\">dell\u2019impianto <span class=\"_ _1d\"> </span>del <span class=\"_ _1d\"> </span>termovalorizzatore <span class=\"_ _1d\"> </span>di </div><div class=\"t m0 x5 h36 y997 ff4 fs7 fc1 sc0 ls0 ws0\">Ferrara. </div></div><div class=\"c w2d5 h2ce gs308\"><div class=\"t m0 x5 h36 y1cce ff4 fs7 fc1 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>procedime<span class=\"_ _5\"></span>nto <span class=\"_ _5\"></span>risulta <span class=\"_ _7\"></span>concluso <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>avvi<span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>2008<span class=\"_ _5\"></span>-2013 </div><div class=\"t m0 x5 h36 y1ccf ff4 fs7 fc1 sc0 ls0 ws0\">con <span class=\"_ _8\"> </span>pronuncia <span class=\"_ _10\"> </span>fav<span class=\"_ _5\"></span>orevole <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>er <span class=\"_ _10\"> </span>la <span class=\"_ _8\"> </span>societ\u00e0. <span class=\"_ _8\"> </span><span class=\"fcd\">I <span class=\"_ _8\"> </span>periodi </span></div><div class=\"t m0 x5 h36 y1cd0 ffb fs7 fcd sc0 ls0 ws0\">d\u2019imposta 201<span class=\"_ _5\"></span>4 e 20<span class=\"_ _5\"></span>15 sono <span class=\"_ _5\"></span>pendenti i<span class=\"_ _5\"></span>n I gra<span class=\"_ _5\"></span>do in <span class=\"_ _5\"></span>attesa </div><div class=\"t m0 x5 h36 y143f ffb fs7 fcd sc0 ls0 ws0\">dell\u2019esito delle co<span class=\"_ _5\"></span>ntroversie catastali.<span class=\"_ _5\"></span> Per quanto ri<span class=\"_ _5\"></span>guarda </div><div class=\"t m0 x5 h36 y1cd2 ff4 fs7 fcd sc0 ls0 ws0\">gli <span class=\"_ _10\"> </span>anni <span class=\"_ _10\"> </span>2016-<span class=\"_ _5\"></span>2023 <span class=\"_ _10\"> </span>sono <span class=\"_ _10\"> </span>stati <span class=\"_ _10\"> </span>integralm<span class=\"_ _5\"></span>ente <span class=\"_ _10\"> </span>definiti </div><div class=\"t m0 x5 h36 y1cd3 ff4 fs7 fcd sc0 ls0 ws0\">mediante conciliazione c<span class=\"_ _5\"></span>on il Comune.<span class=\"_ _5\"></span><span class=\"fc1\"> </span></div></div><div class=\"c w2d9 h2ce gs309\"><div class=\"t m0 x15 h36 y1d11 ff4 fs7 fc1 sc0 ls0 ws0\">2,8 </div></div><div class=\"c w2da h2ce gs30a\"><div class=\"t m0 xf h36 y1d11 ff4 fs7 fc1 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w2d7 h2ce gs30b\"><div class=\"t m0 x13 h36 y1d11 ff4 fs7 fc1 sc0 ls0 ws0\">1,9 </div></div><div class=\"c w2d8 h34a gs30c\"><div class=\"t m0 x0 h13 y101c ff2 fs3 fc2 sc0 ls0 ws0\">Herambiente Spa </div><div class=\"t m0 x0 h13 y6d ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h13 y6ef ff2 fs3 fc2 sc0 ls0 ws0\">Ici/Imu </div></div><div class=\"c w264 h34a gs30d\"><div class=\"t m0 x5 h36 y1cd9 ff4 fs7 fc1 sc0 ls0 ws0\">Avvisi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>accertamento <span class=\"_ _f\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>anni <span class=\"_ _f\"> </span>dal </div><div class=\"t m0 x5 h36 y1417 ff4 fs7 fc1 sc0 ls0 ws0\">2011 <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>2<span class=\"_ _5\"></span>023 <span class=\"_ _4\"> </span>em<span class=\"_ _5\"></span>essi <span class=\"_ _10\"> </span>relativamente <span class=\"_ _10\"> </span>a </div><div class=\"t m0 x5 h36 y17c0 ff4 fs7 fc1 sc0 ls0 ws0\">fabbricati <span class=\"_ _11\"> </span>e <span class=\"_ _22\"> </span>aree <span class=\"_ _11\"> </span>fabbrica<span class=\"_ _5\"></span>bili <span class=\"_ _22\"> </span>s<span class=\"_ _5\"></span>iti <span class=\"_ _22\"> </span>a </div><div class=\"t m0 x5 h36 y1cca ff4 fs7 fc1 sc0 ls0 ws0\">Ravenna <span class=\"_ _9\"> </span>circa <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>loro <span class=\"_ _9\"> </span>class<span class=\"_ _5\"></span>amento </div><div class=\"t m0 x5 h36 y175a ff4 fs7 fc1 sc0 ls0 ws0\">catastale. </div></div><div class=\"c w2d5 h34a gs30e\"><div class=\"t m0 x5 h36 y1cdd ff4 fs7 fcd sc0 ls0 ws0\">Per <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>anni <span class=\"_ _7\"></span>2011-<span class=\"_ _5\"></span>2020 <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>state<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>pronunci<span class=\"_ _5\"></span>ate <span class=\"_ _5\"></span>sente<span class=\"_ _5\"></span>nze </div><div class=\"t m0 x5 h36 y13c8 ff4 fs7 fcd sc0 ls0 ws0\">in  parte <span class=\"_ _e\"> </span>parzialmente  favorevoli  e <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span>n  parte <span class=\"_ _e\"> </span>sfavorevoli. </div><div class=\"t m0 x5 h36 y6b ff4 fs7 fcd sc0 ls0 ws0\">Per <span class=\"_ _f\"> </span>alcune  u<span class=\"_ _5\"></span>nit\u00e0  im<span class=\"_ _5\"></span>mobiliari <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>fini <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>pagamento <span class=\"_ _f\"> </span>di </div><div class=\"t m0 x5 h36 y1cc8 ff4 fs7 fcd sc0 ls0 ws0\">quanto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ovuto, <span class=\"_ _5\"></span><span class=\"ffb\">si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>n <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019esito <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>controversie<span class=\"_ _5\"></span> </span></div><div class=\"t m0 x5 h36 y1d12 ff4 fs7 fcd sc0 ls0 ws0\">catastali. P<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>le r<span class=\"_ _5\"></span>estanti <span class=\"_ _5\"></span>questioni <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>elative <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>anni <span class=\"_ _5\"></span>2016<span class=\"_ _5\"></span>-<span class=\"_ _75\"> </span></div><div class=\"t m0 x5 h36 ybe ff4 fs7 fcd sc0 ls0 ws0\">2020 <span class=\"_ _22\"> </span>la <span class=\"_ _22\"> </span>societ\u00e0 <span class=\"_ _22\"> </span>h<span class=\"_ _5\"></span>a <span class=\"_ _22\"> </span>definito <span class=\"_ _11\"> </span>le <span class=\"_ _22\"> </span>pretese <span class=\"_ _11\"> </span>tramite </div><div class=\"t m0 x5 h36 y15b3 ff4 fs7 fcd sc0 ls0 ws0\">conciliazione con il Com<span class=\"_ _5\"></span>une. </div><div class=\"t m0 x5 h36 y1cc9 ff4 fs7 fcd sc0 ls0 ws0\">Con <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>ferimento <span class=\"_ _6\"></span>agli <span class=\"_ _7\"></span>acc<span class=\"_ _5\"></span>ertamenti <span class=\"_ _6\"></span>2021-202<span class=\"_ _5\"></span>3, <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ociet\u00e0 </div><div class=\"t m0 x5 h36 ye2 ff4 fs7 fcd sc0 ls0 ws0\">ha pagato quanto contenut<span class=\"_ _5\"></span>o negli avvisi di accertame<span class=\"_ _5\"></span>nto.<span class=\"_ _5\"></span><span class=\"fc1\"> </span></div></div><div class=\"c w2d9 h34a gs30f\"><div class=\"t m0 x15 h36 y17c0 ff4 fs7 fc1 sc0 ls0 ws0\">2,4 </div></div><div class=\"c w2da h34a gs310\"><div class=\"t m0 xf h36 y17c0 ff4 fs7 fc1 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w2d7 h34a gs311\"><div class=\"t m0 x13 h36 y17c0 ff4 fs7 fc1 sc0 ls0 ws0\">1,4 </div></div><div class=\"c w2d8 h34b gs312\"><div class=\"t m0 x0 h13 y1d13 ff2 fs3 fc2 sc0 ls0 ws0\">AcegasApsAmga <span class=\"_ _3\"></span>Spa </div><div class=\"t m0 x0 h13 y1d14 ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h13 y1d15 ff2 fs3 fc2 sc0 ls0 ws0\">Accise sugli  </div><div class=\"t m0 x0 h13 y1d16 ff2 fs3 fc2 sc0 ls0 ws0\">autoconsumi </div><div class=\"t m0 x0 h13 y1d17 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w264 h34b gs313\"><div class=\"t m0 x5 h36 y1cbb ff4 fs7 fc1 sc0 ls0 ws0\">Verifica <span class=\"_ _5d\"> </span>tecnic<span class=\"_ _5\"></span>o-amministrati<span class=\"_ _5\"></span>va <span class=\"_ _5d\"> </span>sui<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1cbc ff4 fs7 fc1 sc0 ls0 ws0\">termovalorizzatori <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>Padova <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>Trieste<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1cbd ffb fs7 fc1 sc0 ls0 ws0\">svolta  dall\u2019Agenzia  delle  Dogane  per  gli<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1cbe ff4 fs7 fc1 sc0 ls0 ws0\">anni <span class=\"_ _2\"> </span>dal <span class=\"_ _2\"> </span>2012 <span class=\"_ _2\"> </span>al <span class=\"_ _2\"> </span>2015 <span class=\"_ _2\"> </span>i<span class=\"_ _5\"></span>n <span class=\"_ _8\"> </span>rel<span class=\"_ _5\"></span>azione </div><div class=\"t m0 x5 h36 y1d18 ffb fs7 fc1 sc0 ls0 ws0\">all\u2019installazione  degli  stru<span class=\"_ _3\"></span>menti  di  misura </div><div class=\"t m0 x5 h36 y1d19 ff4 fs7 fc1 sc0 ls0 ws0\">per <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>rilevazi<span class=\"_ _5\"></span>one <span class=\"_ _10\"> </span>dell'energia <span class=\"_ _8\"> </span>elettrica </div><div class=\"t m0 x5 h36 y1d1a ff4 fs7 fc1 sc0 ls0 ws0\">prodotta  e  utilizzata  per  auto<span class=\"_ _3\"></span>consumo<span class=\"_ _5\"></span>  e </div><div class=\"t m0 x5 h36 y1d1b ff4 fs7 fc1 sc0 ls0 ws0\">relativo pagamento dell'accisa<span class=\"_ _5\"></span>. </div><div class=\"t m0 x5 h36 y1d1c ff4 fs7 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2d5 h34b gs314\"><div class=\"t m0 x5 h36 y1cc6 ff4 fs7 fc1 sc0 ls0 ws0\">Con <span class=\"_ _10\"> </span>riferimento <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>term<span class=\"_ _5\"></span>ovalorizzatore <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>P<span class=\"_ _5\"></span>adova, <span class=\"_ _10\"> </span>la </div><div class=\"t m0 x5 h36 y1cc7 ff4 fs7 fc1 sc0 ls0 ws0\">Cassazione <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>acc<span class=\"_ _5\"></span>olto <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>corso <span class=\"_ _7\"></span>rinvi<span class=\"_ _5\"></span>ando <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>caus<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>all<span class=\"_ _5\"></span>a </div><div class=\"t m0 x5 h36 y172d ff4 fs7 fc1 sc0 ls0 ws0\">Corte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Gi<span class=\"_ _5\"></span>ustizia <span class=\"_ _5\"></span>Tributaria <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>II <span class=\"_ _7\"></span>grado. <span class=\"_ _5\"></span>Allo<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>attuale </div><div class=\"t m0 x5 h36 y91 ff4 fs7 fc1 sc0 ls0 ws0\">si \u00e8 in attesa di fi<span class=\"_ _5\"></span>ssazione dell'udienza.<span class=\"_ _5\"></span> Con riferimento al </div><div class=\"t m0 x5 h36 y1d1d ff4 fs7 fc1 sc0 ls0 ws0\">termovalorizzatore  di  Trieste, <span class=\"_ _6\"> </span>a  seguito  della  sen<span class=\"_ _3\"></span>tenza </div><div class=\"t m0 x5 h36 y1d1e ff4 fs7 fc1 sc0 ls0 ws0\">della <span class=\"_ _5\"></span>Corte <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>Giustizia <span class=\"_ _5\"></span>Tri<span class=\"_ _5\"></span>butaria <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>avev<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>ric<span class=\"_ _5\"></span>onosciuto </div><div class=\"t m0 x5 h36 y1667 ffb fs7 fc1 sc0 ls0 ws0\">la <span class=\"_ _6\"></span>spettanza <span class=\"_ _6\"></span>dell'accisa <span class=\"_ _6\"></span>agevolata, <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>'Agenzia <span class=\"_ _6\"> </span>dell\u2019<span class=\"_ _5\"></span><span class=\"ff4\">entrate </span></div><div class=\"t m0 x5 h36 y1d1f ff4 fs7 fc1 sc0 ls0 ws0\">ha  proposto <span class=\"_ _e\"> </span>ricorso  per  Cassazione. <span class=\"_ _e\"> </span>Si  \u00e8 <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span>n  attesa  di </div><div class=\"t m0 x5 h36 y1d20 ff4 fs7 fc1 sc0 ls0 ws0\">fissazione dell'udienza.<span class=\"_ _5\"></span> </div><div class=\"t m0 x5 h36 y1d21 ff4 fs7 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2d9 h34b gs315\"><div class=\"t m0 x15 h36 y1d1e ff4 fs7 fc1 sc0 ls0 ws0\">2,1 </div></div><div class=\"c w2da h34b gs316\"><div class=\"t m0 xf h36 y1d1e ff4 fs7 fc1 sc0 ls0 ws0\">1,1 </div></div><div class=\"c w2d7 h34b gs317\"><div class=\"t m0 xd h36 y1d1e ff4 fs7 fc1 sc0 ls0 ws0\">- </div></div>Avvisi <span class=\"_ _20\"> </span>di <span class=\"_ _20\"> </span>accertamento <span class=\"_ _20\"> </span>relativi all\u2019occupazione <span class=\"_ _11\"> </span>p<span class=\"_ _5\"></span>ermanente <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>s<span class=\"_ _5\"></span>uolo pubblico <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>c<span class=\"_ _5\"></span>assonetti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>rifiu<span class=\"_ _5\"></span>ti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i periodi <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>imposta <span class=\"_ _8\"> </span>dal <span class=\"_ _10\"> </span>2013 <span class=\"_ _8\"> </span>al <span class=\"_ _10\"> </span>201<span class=\"_ _5\"></span>7 notificati dal Comune di Ricc<span class=\"_ _5\"></span>ione. I <span class=\"_ _5\"></span><span class=\"ls0\">proce<span class=\"_ _5\"></span>dimenti <span class=\"_ _5\"></span>Tos<span class=\"_ _5\"></span>ap <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>anni <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>2013 <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>2016 <span class=\"_ _7\"></span>sono </span>pendenti <span class=\"_ _6\"> </span>inna<span class=\"_ _5\"></span>nzi <span class=\"_ _6\"> </span>alla <span class=\"_ _e\"> </span>Corte <span class=\"_ _6\"> </span>di  Cassazione <span class=\"_ _6\"> </span>a <span class=\"_ _e\"> </span>seguito <span class=\"_ _6\"> </span>di presentazione <span class=\"_ _5\"></span>dei ricorsi <span class=\"_ _5\"></span>avverso le<span class=\"_ _5\"></span> sentenze <span class=\"_ _5\"></span>di 2\u00b0 <span class=\"_ _5\"></span>grado parzialmente <span class=\"_ _9\"> </span>s<span class=\"_ _5\"></span>favorevoli <span class=\"_ _23\"> </span>alla <span class=\"_ _9\"> </span>societ<span class=\"_ _5\"></span>\u00e0. <span class=\"_ _9\"> </span>Mentre<span class=\"_ _5\"></span> <span class=\"_ _9\"> </span>il procedimento <span class=\"_ _5\"></span>Cosap <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l'anno <span class=\"_ _5\"></span>2017 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>pendent<span class=\"_ _5\"></span>e innanzi<span class=\"_ _5\"></span> alla <span class=\"_ _7\"></span>C<span class=\"_ _5\"></span>orte <span class=\"_ _7\"></span>d\u2019Ap<span class=\"_ _5\"></span>pello <span class=\"_ _7\"></span>di <span class=\"_ _6\"> </span>Bologna. <span class=\"_ _6\"></span>La <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>entenza <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>I <span class=\"_ _6\"></span>grado risulta parzialmente fav<span class=\"_ _5\"></span>orevole alla societ\u00e0.<span class=\"_ _5\"></span> 1,2 1,2 Hera Spa Cosap/Tosap Atto <span class=\"_ _1d\"> </span>di <span class=\"_ _1d\"> </span>contestazione <span class=\"_ _1d\"> </span>Cosap <span class=\"_ _1d\"> </span>relativ<span class=\"_ _5\"></span>o all\u2019occupazione <span class=\"_ _11\"> </span>p<span class=\"_ _5\"></span>ermanente <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>s<span class=\"_ _5\"></span>uolo pubblico <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>c<span class=\"_ _5\"></span>assonetti <span class=\"_ _f\"> </span>per <span class=\"_ _1e\"> </span>rifiuti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i<span class=\"_ _5\"></span> periodi <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>im<span class=\"_ _5\"></span>posta <span class=\"_ _6\"> </span>2018<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>e <span class=\"_ _6\"> </span>2019  notificati dal Comune di Riccione<span class=\"_ _5\"></span>. Con <span class=\"_ _8\"> </span>riferimento <span class=\"_ _8\"> </span>a <span class=\"_ _8\"> </span>e<span class=\"_ _5\"></span>ntrambi <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>peri<span class=\"_ _5\"></span>odi <span class=\"_ _8\"> </span>d\u2019imposta <span class=\"_ _8\"> </span>le sentenze <span class=\"_ _c\"> </span>di <span class=\"_ _22\"> </span>I <span class=\"_ _c\"> </span>grado <span class=\"_ _c\"> </span>s<span class=\"_ _5\"></span>ono <span class=\"_ _c\"> </span>risultate <span class=\"_ _22\"> </span>parzialmente sfavorevoli <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>soci<span class=\"_ _5\"></span>et\u00e0. <span class=\"_ _10\"> </span>Avverso <span class=\"_ _10\"> </span>l<span class=\"_ _5\"></span>e <span class=\"_ _10\"> </span>stesse <span class=\"_ _10\"> </span>\u00e8 <span class=\"_ _10\"> </span>stato<span class=\"_ _5\"></span> proposto ricorso innanzi <span class=\"_ _5\"></span>alla Corte di Appello di Bologn<span class=\"_ _5\"></span>a<span class=\"fc1\">.<span class=\"_ _5\"></span> </span>    <span class=\"ls0\">0,5 </span>        0,5      1,0 Avvisi <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>accerta<span class=\"_ _3\"></span>mento <span class=\"_ _8\"> </span>Tosap <span class=\"_ _8\"> </span>relativo all\u2019occupazione <span class=\"_ _11\"> </span>p<span class=\"_ _5\"></span>ermanente <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>s<span class=\"_ _5\"></span>uolo pubblico <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>c<span class=\"_ _5\"></span>assonetti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>rifiu<span class=\"_ _5\"></span>ti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i periodi <span class=\"_ _4\"> </span>dal <span class=\"_ _4\"> </span>2014 <span class=\"_ _1e\"> </span>al <span class=\"_ _4\"> </span>2018 <span class=\"_ _4\"> </span>notificati<span class=\"_ _5\"></span> <span class=\"_ _1e\"> </span>dal<span class=\"_ _5\"></span> Comune di Coriano.<span class=\"_ _5\"></span> I <span class=\"_ _5\"></span>procedim<span class=\"_ _5\"></span>enti <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>l\u2019anno <span class=\"_ _7\"></span>2014 <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>015 <span class=\"_ _5\"></span>sono <span class=\"_ _7\"></span>attualme<span class=\"_ _5\"></span>nte pendenti presso l<span class=\"_ _5\"></span>a Corte <span class=\"_ _5\"></span>di Giustizia Trib<span class=\"_ _5\"></span>utaria di <span class=\"_ _5\"></span>II grado dell'Emilia-Romag<span class=\"_ _5\"></span>na.  Entrambe  le <span class=\"_ _e\"> </span>sentenze  di  I  grado sono <span class=\"_ _5\"></span>risultate <span class=\"_ _5\"></span>sfavorev<span class=\"_ _5\"></span>oli <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>societ\u00e0. <span class=\"_ _5\"></span>Rel<span class=\"_ _5\"></span>ativamente <span class=\"_ _5\"></span>agli avvisi <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>2016, <span class=\"_ _6\"> </span>20<span class=\"_ _5\"></span>17 <span class=\"_ _6\"> </span>e <span class=\"_ _6\"> </span>2018 <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>se<span class=\"_ _5\"></span>ntenze <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>I <span class=\"_ _6\"> </span>grado sono <span class=\"_ _5\"></span>risultate <span class=\"_ _7\"></span>entrambe <span class=\"_ _5\"></span>sfavorev<span class=\"_ _5\"></span>oli <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>pertanto <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Societ\u00e0 ha <span class=\"_ _6\"> </span>presentato <span class=\"_ _6\"> </span>ric<span class=\"_ _5\"></span>orso. <span class=\"_ _6\"> </span>Il <span class=\"_ _6\"> </span>giudizi<span class=\"_ _5\"></span>o <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>pendente <span class=\"_ _6\"> </span>i<span class=\"_ _5\"></span>nnanzi <span class=\"_ _6\"> </span>la Corte di Giustizia tribut<span class=\"_ _5\"></span>aria dell\u2019Emili<span class=\"_ _5\"></span>a<span class=\"ff4\">-Romagna. </span> 0,9                 <span class=\"ls46\">0,</span>7 *  per  \u201cammontare  contestato\u201d  si  intende  l'i<span class=\"_ _3\"></span>mporto  originario  oggetto  di  contestazione <span class=\"_ _e\"> </span>privo  di  interessi,  a  meno  di  ridetermi<span class=\"_ _5\"></span><span class=\"ff1\">nazioni  intervenute  a  seguito  di<span class=\"_ _3\"></span> </span>conciliazione giudiziale, accertamento con adesione, annullamento parziale in sede giudiziale o in autotutela. ** gli importi pagati accolgono gli interessi, laddove dovuti. Con  riferim<span class=\"_ _3\"></span>ento  ai <span class=\"_ _f\"> </span>contenziosi  in <span class=\"_ _f\"> </span>oggetto  il <span class=\"_ _f\"> </span>Gruppo,  sentiti<span class=\"_ _3\"></span>  anche<span class=\"_ _3\"></span>  i  pro<span class=\"_ _3\"></span>pri  leg<span class=\"_ _3\"></span>ali,  ha <span class=\"_ _f\"> </span>ritenuto  di <span class=\"_ _f\"> </span>procedere  agli<span class=\"_ _3\"></span> accantonamenti indicati. Laddove n<span class=\"_ _5\"></span>on si <span class=\"_ _5\"></span>sia proceduto <span class=\"_ _5\"></span>ad alcun <span class=\"_ _5\"></span>accantonamento, le violazioni <span class=\"_ _5\"></span>contestate sono sta<span class=\"_ _5\"></span>te ritenute prive di fo<span class=\"_ _3\"></span>ndamento.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-48": {
   "value": "13  Attivit\u00e0 e pa<span class=\"_ _3\"></span>ssivit\u00e0 per impo<span class=\"_ _3\"></span>ste correnti<span class=\"_ _75\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Crediti per imposte <span class=\"_ _3\"></span>sul reddito 30,5 10,3 20,2 Credito per rimbors<span class=\"_ _3\"></span>o Ires 0,8 1,1 (0,3) Totale attivit\u00e0 p<span class=\"_ _3\"></span>er imposte correnti 31,3 11,4 19,9 Debiti per imposte <span class=\"_ _3\"></span>sul reddito 48,2 110,2 (62,0) Totale passivit\u00e0 per <span class=\"_ _3\"></span>imposte correnti 48,2 110,2 (62,0)<span class=\"_ _75\"> </span>\u201cCrediti <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"> </span>sul <span class=\"_ _e\"> </span>reddito\u201d, <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>riferiscono <span class=\"_ _e\"> </span>all\u2019eccedenza <span class=\"_ _e\"> </span>degli <span class=\"_ _e\"> </span>acconti <span class=\"_ _d\"> </span>versati<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>imposte <span class=\"_ _e\"></span>dirette <span class=\"_ _e\"> </span>Ires <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>Irap </span>rispetto al carico fiscale co<span class=\"_ _3\"></span>rrente di competenza <span class=\"ff5\">dell\u2019esercizio</span>. \u201cDebiti per i<span class=\"_ _5\"></span>mposte sul reddito\u201d, includo<span class=\"ff1 lse\">no<span class=\"ls0\"> <span class=\"_ _5\"></span>principalmente le imposte Ires e Irap <span class=\"_ _5\"></span>stanziate per competenza sul reddito </span></span>prodotto nell\u2019esercizi<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span><span class=\"ff1\">, al netto d<span class=\"_ _3\"></span>egli acconti versati e d<span class=\"_ _3\"></span>egli eventuali saldi pregr<span class=\"_ _3\"></span>essi non ancora comp<span class=\"_ _3\"></span>ensati<span class=\"_ _7\"></span><span class=\"ls1e\">. </span> </span>Si <span class=\"_ _7\"></span>ricorda <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>l\u2019importo <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>articolarm<span class=\"_ _3\"></span>ente <span class=\"_ _7\"></span>rilevante <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>\u201cDebiti <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>imposte <span class=\"_ _5\"></span>sul <span class=\"_ _7\"></span>reddito\u201d <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023 <span class=\"_ _7\"></span>rifletteva, per alcune <span class=\"_ _5\"></span>societ\u00e0 del <span class=\"_ _5\"></span>Gruppo, una significativa variazione <span class=\"_ _5\"></span>positiva dell\u2019utile prima delle <span class=\"_ _5\"></span>imposte rispetto <span class=\"_ _5\"></span>all\u2019esercizi<span class=\"_ _3\"></span>o 2022 che, <span class=\"_ _5\"></span>per e<span class=\"_ _5\"></span>ffetto del <span class=\"_ _5\"></span>meccanismo di versamento d<span class=\"_ _5\"></span>elle imposte dirette <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>acconto su <span class=\"_ _5\"></span>base storica, ha <span class=\"_ _5\"></span>comportato una rilevante esposi<span class=\"_ _3\"></span>zione netta a debito al <span class=\"_ _3\"></span>31 dicembre 2023.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-434": {
   "value": "14  Attivit\u00e0 e pa<span class=\"_ _3\"></span>ssivit\u00e0 per imposte dif<span class=\"_ _3\"></span>ferite 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Attivit\u00e0 per imposte a<span class=\"_ _3\"></span>nticipate 468,9 448,2 20,7 Compensazione fis<span class=\"_ _3\"></span>calit\u00e0 differita (126,4) (146,1) 19,7 Crediti per imposta <span class=\"_ _3\"></span>sostitutiva 0,4 0,2 0,2 Totale attivit\u00e0 p<span class=\"_ _3\"></span>er imposte differite n<span class=\"_ _3\"></span>ette 342,9 302,3 40,6 Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite 271,2 303,0 (31,8) Compensazione fis<span class=\"_ _3\"></span>calit\u00e0 differita (126,4) (146,1) 19,7 Totale passivit\u00e0 p<span class=\"_ _3\"></span>er imposte differit<span class=\"_ _3\"></span>e nette 144,8 156,9 (12,1) Le <span class=\"_ _6\"></span><span class=\"ls0\">Attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>imposte <span class=\"_ _e\"></span>differite <span class=\"_ _6\"></span><span class=\"ff5\">(denominate <span class=\"_ _6\"></span>\u201cAttivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>differite\u201d <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"></span>pubblicato </span></span>dell\u2019esercizio precedente)<span class=\"ff1\"> sono compensate laddove vi sia un diritto legalmente esercitabile di compensare le attivit\u00e0 </span>fiscali correnti con le<span class=\"_ _3\"></span> passivit\u00e0 fiscali corre<span class=\"_ _3\"></span>nti corrispondenti. Le<span class=\"ls0\"> <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ff5\">imposte <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ifferite <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _7\"></span></span>2024 <span class=\"_ _7\"></span>riguardano <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>seguenti <span class=\"_ _7\"></span>differenze </span>temporanee tra valore <span class=\"_ _3\"></span>attribuito alle attivit\u00e0<span class=\"_ _3\"></span> e passivit\u00e0 secondo <span class=\"_ _3\"></span>criteri c<span class=\"_ _5\"></span>ontabili e i corrispondenti valori <span class=\"_ _3\"></span>ai fini fiscali. ATTIVIT\u00c0 PER IM<span class=\"_ _3\"></span>POSTE DIFFERITE<span class=\"fc0\"> </span>2024 2023<span class=\"ff1 fs0 fc0\"> </span>DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI Imposte anticip<span class=\"_ _3\"></span>ate con effetto a cont<span class=\"_ _3\"></span>o economico <span class=\"_ _3\"></span>e conto economic<span class=\"_ _3\"></span>o complessivo<span class=\"ff1 fs0 fc0\"> </span>Ammortamenti 738,1 191,5 698,2 181,1 Fondo svalutazi<span class=\"_ _3\"></span>one crediti 389,4 93,0 321,6 76,2 Fondi 274,7 76,7 244,5 67,8 Partecipazioni 179,8 50,3 148,4 41,9 Operazioni di copertur<span class=\"_ _3\"></span>a (cash flow hedge) 18,2 5,1 60,6 17,4 Altri 201,5 52,3 258,6 63,8 Totale effetto fisc<span class=\"_ _3\"></span>ale 1.801,7 468,9 1,0 1.731,9 448,2 (9,3) Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico c<span class=\"_ _3\"></span>omplessivo (12,3) (40,3) Importo accreditato (a<span class=\"_ _3\"></span>ddebitato) a conto economico<span class=\"_ _3\"></span> 32,0 68,0 PASSIVIT\u00c0 PE<span class=\"_ _3\"></span>R IMPOSTE DIFFERITE 2024 2023 DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI Imposte differite c<span class=\"_ _3\"></span>on effetto a conto <span class=\"_ _3\"></span>economico e cont<span class=\"_ _3\"></span>o economico com<span class=\"_ _3\"></span>plessivo<span class=\"ff1 fs0 fc0\"> </span>Ammortamenti<span class=\"_ _3\"></span> 875,4 187,2 836,8 177,4 Operazioni di copertur<span class=\"_ _3\"></span>a (cash flow hedge) 18,3 5,3 133,4 38,1 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie attualizzate 7,5 1,8 60,1 14,4 Fondi 26,7 7,8 32,5 8,8 Altri 278,4 69,1 258,0 64,3 Totale effetto fisc<span class=\"_ _3\"></span>ale 1.206,3 271,2 4,4 1.320,8 303,0 10,3 Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico c<span class=\"_ _3\"></span>omplessivo 33,0 123,9 Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico<span class=\"_ _3\"></span> 3,2 (11,3) Le <span class=\"_ _10\"> </span>\u201cVariazioni <span class=\"_ _10\"> </span>patrimoniali\u201d <span class=\"_ _8\"> </span><span class=\"ff1\">non <span class=\"_ _10\"> </span>producono <span class=\"_ _10\"> </span>effetti <span class=\"_ _10\"> </span>sul <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>onto <span class=\"_ _10\"> </span>economico <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>sul <span class=\"_ _8\"> </span>conto <span class=\"_ _10\"> </span>economico <span class=\"_ _10\"> </span>complessivo </span>dell\u2019esercizio<span class=\"ff1\">, <span class=\"_ _5\"></span>poich\u00e9 <span class=\"_ _7\"></span>accolgono<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>saldi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>imposte <span class=\"_ _7\"></span>differite <span class=\"_ _5\"></span>derivanti <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>usiness </span>combination effettuate nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 202<span class=\"_ _5\"></span><span class=\"ff1\">4<span class=\"_ _5\"></span> (per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>quali si rimanda <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>paragrafo 2.<span class=\"ls10\">02</span>.<span class=\"lse\">10</span> <span class=\"_ _5\"></span></span>\u201c<span class=\"ff1\">Altre <span class=\"_ _5\"></span>informazioni</span>\u201d<span class=\"ff1\">)<span class=\"_ _3\"></span> </span>e da riclassifiche di natura re<span class=\"_ _3\"></span>siduale intervenute tra attivit\u00e0 e <span class=\"_ _3\"></span>passivit\u00e0 per imposte differite.<span class=\"_ _75\"> </span>Le <span class=\"_ _f\"> </span><span class=\"ff5 ls0\">\u201cAttivit\u00e0  <span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte  di<span class=\"_ _3\"></span>fferite<span class=\"ff5\">\u201d  sono <span class=\"_ _f\"> </span>generate <span class=\"_ _f\"> </span>dalle  </span>differenze  tempor<span class=\"_ _3\"></span>anee  tra<span class=\"_ _3\"></span>  val<span class=\"_ _3\"></span>ore  attribuito <span class=\"_ _f\"> </span>alle  a<span class=\"_ _3\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>e </span></span>passivit\u00e0 <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>criteri <span class=\"_ _6\"></span>contabili <span class=\"_ _e\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>corrispondenti <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fini <span class=\"_ _6\"></span>fiscali<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _6\"></span></span><span class=\"ff5\">L\u2019incremento</span> <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>periodo <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>principalment<span class=\"_ _3\"></span>e dovuto ai seguenti ef<span class=\"_ _3\"></span>fetti: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">rettifica <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reversal <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>considerate <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>deducibili <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>determinazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>fiscale <span class=\"_ _6\"></span>corrente </span></span>dell\u2019esercizio <span class=\"_ _10\"> </span><span class=\"ff1\">precedente <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>relazion<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span><span class=\"ff5\">ll\u2019attivit\u00e0 <span class=\"_ _10\"> </span></span>di <span class=\"_ _10\"> </span>efficientamento <span class=\"_ _10\"> </span>energetico <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>condomini, <span class=\"_ _10\"> </span>che <span class=\"_ _10\"> </span>h<span class=\"_ _5\"></span>anno </span>comportato il decreme<span class=\"_ _3\"></span>nto delle attivit\u00e0 per <span class=\"lse\">23</span>,3 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">accantonamenti <span class=\"_ _6\"></span>netti <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>dell<span class=\"_ _5\"></span>a <span class=\"_ _e\"></span>Capogruppo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>principali <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita, <span class=\"_ _6\"></span>che </span></span>hanno comportato l\u2019i<span class=\"_ _3\"></span>ncremento<span class=\"ff1\"> delle attivit\u00e0 per complessivi 16,8 milioni di<span class=\"_ _3\"></span> euro; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">variazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>derivati<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ommodity, <span class=\"_ _5\"></span>designati <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>coperture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>flussi <span class=\"_ _5\"></span>finanziari </span></span>(cash  flow  hedge),  che  ha  comportato  un  decremento  delle<span class=\"_ _3\"></span>  attivit\u00e0  con  contropartita  il  conto  economico complessivo per 12,3 milioni di <span class=\"_ _3\"></span>euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">maggiori ammortamenti contabili non deducibili nell\u2019esercizio corrente, che hanno comportato l\u2019incremento delle </span></span>attivit\u00e0 per complessivi<span class=\"_ _3\"></span> 10,4 milioni di euro<span class=\"_ _3\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">accantonamenti netti ai<span class=\"_ _3\"></span> fondi, che hanno comp<span class=\"_ _3\"></span>ortato l\u2019increment<span class=\"_ _3\"></span>o delle attivit\u00e0 per <span class=\"_ _5\"></span><span class=\"ff1\">8,9 milioni di euro. </span></span></span>In <span class=\"_ _5\"></span>relazione <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>attivit\u00e0<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>iscritte <span class=\"_ _5\"></span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _5\"></span>2021</span> <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>riallineamento de<span class=\"_ _5\"></span>gli avv<span class=\"_ _5\"></span>iamenti <span class=\"_ _5\"></span>previsto <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>specifiche disposizioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>legge, <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>fiscale <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>utilizzo <span class=\"_ _5\"></span>annuale <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>costanti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>di 50 <span class=\"_ _e\"> </span>anni <span class=\"_ _6\"> </span>a <span class=\"_ _e\"> </span>partire <span class=\"_ _e\"> </span>dall\u2019<span class=\"ff1\">iscrizione, <span class=\"_ _e\"></span>il <span class=\"_ _e\"> </span>management <span class=\"_ _e\"></span>conferma <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>valutazione <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>piena <span class=\"_ _e\"></span>recuperabilit\u00e0 <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>considerazion<span class=\"_ _3\"></span>e </span>dell\u2019estensione  degli <span class=\"_ _4\"> </span>orizzonti  te<span class=\"_ _5\"></span>mporali  di  p<span class=\"_ _5\"></span>revedibilit\u00e0  dei  business <span class=\"_ _4\"> </span>regolati  d<span class=\"_ _5\"></span>ella  distribuzione,  dell\u2019incidenza particolarmente <span class=\"_ _e\"> </span>contenuta <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>reddito <span class=\"_ _f\"> </span>imponibi<span class=\"_ _3\"></span>le <span class=\"_ _d\"> </span>necessario <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>recupero <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>tali <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>mposte <span class=\"_ _e\"> </span>anticipate <span class=\"_ _d\"> </span>sul <span class=\"_ _f\"> </span>reddito<span class=\"_ _3\"></span> imponibile <span class=\"_ _e\"></span>complessivam<span class=\"_ _3\"></span>ente <span class=\"_ _e\"> </span>generato <span class=\"_ _e\"></span>dagli <span class=\"_ _e\"></span>asset <span class=\"_ _6\"></span>distributivi <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>residua <span class=\"_ _e\"></span>pluridecennale,<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>nonch\u00e9 <span class=\"_ _e\"></span>del regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>fis<span class=\"_ _3\"></span>cale <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>opera <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _6\"></span>conse<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compensare <span class=\"_ _6\"></span>eventu<span class=\"_ _3\"></span>ali <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>modo<span class=\"_ _3\"></span> trasversale ai business. \u201cPassivit\u00e0 <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>imposte <span class=\"_ _4\"> </span>differite\u201d <span class=\"_ _4\"> </span>sono <span class=\"_ _10\"> </span>generate <span class=\"_ _4\"> </span>dalle <span class=\"_ _10\"> </span>differenze <span class=\"_ _4\"> </span>temporanee<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>imponibili <span class=\"_ _4\"> </span></span>tra <span class=\"_ _10\"> </span>l\u2019utile  d<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>bilancio <span class=\"_ _10\"> </span>e l\u2019imponibile fiscale.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>componente rilevante, <span class=\"_ _5\"></span>inoltre, gli <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>fiscali <span class=\"_ _5\"></span>correlati all\u2019iscrizione o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>alla rettifica di attivit\u00e0 e p<span class=\"_ _3\"></span>assivit\u00e0 nel bilancio co<span class=\"_ _3\"></span>nsolidato.<span class=\"_ _5\"></span> Il <span class=\"_ _6\"></span>significativo <span class=\"_ _7\"></span>decremento<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dovuto <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>via <span class=\"_ _6\"></span>principale <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>valu<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dei derivati, <span class=\"_ _f\"> </span>principalmente  su <span class=\"_ _f\"> </span>commodity,  designati <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>coperture  di <span class=\"_ _f\"> </span>flussi  fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _f\"> </span>(cash  flow <span class=\"_ _f\"> </span>hedge), <span class=\"_ _f\"> </span>che  h<span class=\"_ _3\"></span>a comportando <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>decremento <span class=\"_ _8\"> </span>delle <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>per <span class=\"_ _8\"> </span><span class=\"ls10\">32</span>,8 <span class=\"_ _8\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>con <span class=\"_ _8\"> </span>contropartita <span class=\"_ _8\"> </span>il <span class=\"_ _8\"> </span>conto <span class=\"_ _8\"> </span>economic<span class=\"_ _1\"></span>o complessivo<span class=\"ls16\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-49": {
   "value": "14  Attivit\u00e0 e pa<span class=\"_ _3\"></span>ssivit\u00e0 per imposte dif<span class=\"_ _3\"></span>ferite 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Attivit\u00e0 per imposte a<span class=\"_ _3\"></span>nticipate 468,9 448,2 20,7 Compensazione fis<span class=\"_ _3\"></span>calit\u00e0 differita (126,4) (146,1) 19,7 Crediti per imposta <span class=\"_ _3\"></span>sostitutiva 0,4 0,2 0,2 Totale attivit\u00e0 p<span class=\"_ _3\"></span>er imposte differite n<span class=\"_ _3\"></span>ette 342,9 302,3 40,6 Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite 271,2 303,0 (31,8) Compensazione fis<span class=\"_ _3\"></span>calit\u00e0 differita (126,4) (146,1) 19,7 Totale passivit\u00e0 p<span class=\"_ _3\"></span>er imposte differit<span class=\"_ _3\"></span>e nette 144,8 156,9 (12,1) Le <span class=\"_ _6\"></span><span class=\"ls0\">Attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>imposte <span class=\"_ _e\"></span>differite <span class=\"_ _6\"></span><span class=\"ff5\">(denominate <span class=\"_ _6\"></span>\u201cAttivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>differite\u201d <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"></span>pubblicato </span></span>dell\u2019esercizio precedente)<span class=\"ff1\"> sono compensate laddove vi sia un diritto legalmente esercitabile di compensare le attivit\u00e0 </span>fiscali correnti con le<span class=\"_ _3\"></span> passivit\u00e0 fiscali corre<span class=\"_ _3\"></span>nti corrispondenti. Le<span class=\"ls0\"> <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ff5\">imposte <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ifferite <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll\u2019esercizio <span class=\"_ _7\"></span></span>2024 <span class=\"_ _7\"></span>riguardano <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>seguenti <span class=\"_ _7\"></span>differenze </span>temporanee tra valore <span class=\"_ _3\"></span>attribuito alle attivit\u00e0<span class=\"_ _3\"></span> e passivit\u00e0 secondo <span class=\"_ _3\"></span>criteri c<span class=\"_ _5\"></span>ontabili e i corrispondenti valori <span class=\"_ _3\"></span>ai fini fiscali. ATTIVIT\u00c0 PER IM<span class=\"_ _3\"></span>POSTE DIFFERITE<span class=\"fc0\"> </span>2024 2023<span class=\"ff1 fs0 fc0\"> </span>DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI Imposte anticip<span class=\"_ _3\"></span>ate con effetto a cont<span class=\"_ _3\"></span>o economico <span class=\"_ _3\"></span>e conto economic<span class=\"_ _3\"></span>o complessivo<span class=\"ff1 fs0 fc0\"> </span>Ammortamenti 738,1 191,5 698,2 181,1 Fondo svalutazi<span class=\"_ _3\"></span>one crediti 389,4 93,0 321,6 76,2 Fondi 274,7 76,7 244,5 67,8 Partecipazioni 179,8 50,3 148,4 41,9 Operazioni di copertur<span class=\"_ _3\"></span>a (cash flow hedge) 18,2 5,1 60,6 17,4 Altri 201,5 52,3 258,6 63,8 Totale effetto fisc<span class=\"_ _3\"></span>ale 1.801,7 468,9 1,0 1.731,9 448,2 (9,3) Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico c<span class=\"_ _3\"></span>omplessivo (12,3) (40,3) Importo accreditato (a<span class=\"_ _3\"></span>ddebitato) a conto economico<span class=\"_ _3\"></span> 32,0 68,0 PASSIVIT\u00c0 PE<span class=\"_ _3\"></span>R IMPOSTE DIFFERITE 2024 2023 DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI DIFFERENZE TEMPORANEE EFFETTO FISCALE (IRES + IRAP) VARIAZIONI PATRIMONIALI Imposte differite c<span class=\"_ _3\"></span>on effetto a conto <span class=\"_ _3\"></span>economico e cont<span class=\"_ _3\"></span>o economico com<span class=\"_ _3\"></span>plessivo<span class=\"ff1 fs0 fc0\"> </span>Ammortamenti<span class=\"_ _3\"></span> 875,4 187,2 836,8 177,4 Operazioni di copertur<span class=\"_ _3\"></span>a (cash flow hedge) 18,3 5,3 133,4 38,1 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie attualizzate 7,5 1,8 60,1 14,4 Fondi 26,7 7,8 32,5 8,8 Altri 278,4 69,1 258,0 64,3 Totale effetto fisc<span class=\"_ _3\"></span>ale 1.206,3 271,2 4,4 1.320,8 303,0 10,3 Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico c<span class=\"_ _3\"></span>omplessivo 33,0 123,9 Importo accredit<span class=\"_ _3\"></span>ato (addebitato) a conto economico<span class=\"_ _3\"></span> 3,2 (11,3) Le <span class=\"_ _10\"> </span>\u201cVariazioni <span class=\"_ _10\"> </span>patrimoniali\u201d <span class=\"_ _8\"> </span><span class=\"ff1\">non <span class=\"_ _10\"> </span>producono <span class=\"_ _10\"> </span>effetti <span class=\"_ _10\"> </span>sul <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>onto <span class=\"_ _10\"> </span>economico <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>sul <span class=\"_ _8\"> </span>conto <span class=\"_ _10\"> </span>economico <span class=\"_ _10\"> </span>complessivo </span>dell\u2019esercizio<span class=\"ff1\">, <span class=\"_ _5\"></span>poich\u00e9 <span class=\"_ _7\"></span>accolgono<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>saldi <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>imposte <span class=\"_ _7\"></span>differite <span class=\"_ _5\"></span>derivanti <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>usiness </span>combination effettuate nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 202<span class=\"_ _5\"></span><span class=\"ff1\">4<span class=\"_ _5\"></span> (per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>quali si rimanda <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>paragrafo 2.<span class=\"ls10\">02</span>.<span class=\"lse\">10</span> <span class=\"_ _5\"></span></span>\u201c<span class=\"ff1\">Altre <span class=\"_ _5\"></span>informazioni</span>\u201d<span class=\"ff1\">)<span class=\"_ _3\"></span> </span>e da riclassifiche di natura re<span class=\"_ _3\"></span>siduale intervenute tra attivit\u00e0 e <span class=\"_ _3\"></span>passivit\u00e0 per imposte differite.<span class=\"_ _75\"> </span>Le <span class=\"_ _f\"> </span><span class=\"ff5 ls0\">\u201cAttivit\u00e0  <span class=\"ff1\">per <span class=\"_ _f\"> </span>imposte  di<span class=\"_ _3\"></span>fferite<span class=\"ff5\">\u201d  sono <span class=\"_ _f\"> </span>generate <span class=\"_ _f\"> </span>dalle  </span>differenze  tempor<span class=\"_ _3\"></span>anee  tra<span class=\"_ _3\"></span>  val<span class=\"_ _3\"></span>ore  attribuito <span class=\"_ _f\"> </span>alle  a<span class=\"_ _3\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>e </span></span>passivit\u00e0 <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>criteri <span class=\"_ _6\"></span>contabili <span class=\"_ _e\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>corrispondenti <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fini <span class=\"_ _6\"></span>fiscali<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _6\"></span></span><span class=\"ff5\">L\u2019incremento</span> <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>periodo <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>principalment<span class=\"_ _3\"></span>e dovuto ai seguenti ef<span class=\"_ _3\"></span>fetti: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">rettifica <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>reversal <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>considerate <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>deducibili <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>determinazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>fiscale <span class=\"_ _6\"></span>corrente </span></span>dell\u2019esercizio <span class=\"_ _10\"> </span><span class=\"ff1\">precedente <span class=\"_ _10\"> </span>in <span class=\"_ _8\"> </span>relazion<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span><span class=\"ff5\">ll\u2019attivit\u00e0 <span class=\"_ _10\"> </span></span>di <span class=\"_ _10\"> </span>efficientamento <span class=\"_ _10\"> </span>energetico <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>condomini, <span class=\"_ _10\"> </span>che <span class=\"_ _10\"> </span>h<span class=\"_ _5\"></span>anno </span>comportato il decreme<span class=\"_ _3\"></span>nto delle attivit\u00e0 per <span class=\"lse\">23</span>,3 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">accantonamenti <span class=\"_ _6\"></span>netti <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>dell<span class=\"_ _5\"></span>a <span class=\"_ _e\"></span>Capogruppo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>principali <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita, <span class=\"_ _6\"></span>che </span></span>hanno comportato l\u2019i<span class=\"_ _3\"></span>ncremento<span class=\"ff1\"> delle attivit\u00e0 per complessivi 16,8 milioni di<span class=\"_ _3\"></span> euro; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">variazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>derivati<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ommodity, <span class=\"_ _5\"></span>designati <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>coperture <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>flussi <span class=\"_ _5\"></span>finanziari </span></span>(cash  flow  hedge),  che  ha  comportato  un  decremento  delle<span class=\"_ _3\"></span>  attivit\u00e0  con  contropartita  il  conto  economico complessivo per 12,3 milioni di <span class=\"_ _3\"></span>euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">maggiori ammortamenti contabili non deducibili nell\u2019esercizio corrente, che hanno comportato l\u2019incremento delle </span></span>attivit\u00e0 per complessivi<span class=\"_ _3\"></span> 10,4 milioni di euro<span class=\"_ _3\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">accantonamenti netti ai<span class=\"_ _3\"></span> fondi, che hanno comp<span class=\"_ _3\"></span>ortato l\u2019increment<span class=\"_ _3\"></span>o delle attivit\u00e0 per <span class=\"_ _5\"></span><span class=\"ff1\">8,9 milioni di euro. </span></span></span>In <span class=\"_ _5\"></span>relazione <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>attivit\u00e0<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>iscritte <span class=\"_ _5\"></span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _5\"></span>2021</span> <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>riallineamento de<span class=\"_ _5\"></span>gli avv<span class=\"_ _5\"></span>iamenti <span class=\"_ _5\"></span>previsto <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>specifiche disposizioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>legge, <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>fiscale <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>utilizzo <span class=\"_ _5\"></span>annuale <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>costanti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>di 50 <span class=\"_ _e\"> </span>anni <span class=\"_ _6\"> </span>a <span class=\"_ _e\"> </span>partire <span class=\"_ _e\"> </span>dall\u2019<span class=\"ff1\">iscrizione, <span class=\"_ _e\"></span>il <span class=\"_ _e\"> </span>management <span class=\"_ _e\"></span>conferma <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>valutazione <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>piena <span class=\"_ _e\"></span>recuperabilit\u00e0 <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>considerazion<span class=\"_ _3\"></span>e </span>dell\u2019estensione  degli <span class=\"_ _4\"> </span>orizzonti  te<span class=\"_ _5\"></span>mporali  di  p<span class=\"_ _5\"></span>revedibilit\u00e0  dei  business <span class=\"_ _4\"> </span>regolati  d<span class=\"_ _5\"></span>ella  distribuzione,  dell\u2019incidenza particolarmente <span class=\"_ _e\"> </span>contenuta <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>reddito <span class=\"_ _f\"> </span>imponibi<span class=\"_ _3\"></span>le <span class=\"_ _d\"> </span>necessario <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>recupero <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>tali <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>mposte <span class=\"_ _e\"> </span>anticipate <span class=\"_ _d\"> </span>sul <span class=\"_ _f\"> </span>reddito<span class=\"_ _3\"></span> imponibile <span class=\"_ _e\"></span>complessivam<span class=\"_ _3\"></span>ente <span class=\"_ _e\"> </span>generato <span class=\"_ _e\"></span>dagli <span class=\"_ _e\"></span>asset <span class=\"_ _6\"></span>distributivi <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>residua <span class=\"_ _e\"></span>pluridecennale,<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>nonch\u00e9 <span class=\"_ _e\"></span>del regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>fis<span class=\"_ _3\"></span>cale <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>opera <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _6\"></span>conse<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compensare <span class=\"_ _6\"></span>eventu<span class=\"_ _3\"></span>ali <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>modo<span class=\"_ _3\"></span> trasversale ai business. \u201cPassivit\u00e0 <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span>imposte <span class=\"_ _4\"> </span>differite\u201d <span class=\"_ _4\"> </span>sono <span class=\"_ _10\"> </span>generate <span class=\"_ _4\"> </span>dalle <span class=\"_ _10\"> </span>differenze <span class=\"_ _4\"> </span>temporanee<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>imponibili <span class=\"_ _4\"> </span></span>tra <span class=\"_ _10\"> </span>l\u2019utile  d<span class=\"_ _5\"></span>i <span class=\"_ _4\"> </span>bilancio <span class=\"_ _10\"> </span>e l\u2019imponibile fiscale.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>componente rilevante, <span class=\"_ _5\"></span>inoltre, gli <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>fiscali <span class=\"_ _5\"></span>correlati all\u2019iscrizione o<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>alla rettifica di attivit\u00e0 e p<span class=\"_ _3\"></span>assivit\u00e0 nel bilancio co<span class=\"_ _3\"></span>nsolidato.<span class=\"_ _5\"></span> Il <span class=\"_ _6\"></span>significativo <span class=\"_ _7\"></span>decremento<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>rispetto <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>023<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dovuto <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>via <span class=\"_ _6\"></span>principale <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>valu<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dei derivati, <span class=\"_ _f\"> </span>principalmente  su <span class=\"_ _f\"> </span>commodity,  designati <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>coperture  di <span class=\"_ _f\"> </span>flussi  fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _f\"> </span>(cash  flow <span class=\"_ _f\"> </span>hedge), <span class=\"_ _f\"> </span>che  h<span class=\"_ _3\"></span>a comportando <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>decremento <span class=\"_ _8\"> </span>delle <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>per <span class=\"_ _8\"> </span><span class=\"ls10\">32</span>,8 <span class=\"_ _8\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>con <span class=\"_ _8\"> </span>contropartita <span class=\"_ _8\"> </span>il <span class=\"_ _8\"> </span>conto <span class=\"_ _8\"> </span>economic<span class=\"_ _1\"></span>o complessivo<span class=\"ls16\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "Patrimonio nett<span class=\"_ _3\"></span>o 15  Patrimonio <span class=\"_ _3\"></span>netto del Grupp<span class=\"_ _3\"></span>o 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Capitale sociale (v<span class=\"_ _3\"></span>alore nominale) 1.489,5 1.489,5 \u2010<span class=\"ff12\"> </span>Riserva azioni proprie<span class=\"_ _3\"></span> (48,0) (45,8) (2,2) Oneri aumento capital<span class=\"_ _3\"></span>e sociale (0,7) (0,7) \u2010<span class=\"ff4\"> </span>Capitale sociale  1.440,8 1.443,0 (2,2) Riserva legale<span class=\"_ _3\"></span> 146,1 133,9 12,2 Altre riserve 1.699,2 1.471,4 227,8 Componenti di c<span class=\"_ _3\"></span>onto economico comples<span class=\"_ _3\"></span>sivo (Oci) (40,2) 4,5 (44,7) Riserva per operazi<span class=\"_ _3\"></span>oni su azioni propri<span class=\"_ _3\"></span>e (60,3) (56,0) (4,3) Riserve  1.744,8 1.553,8 191,0 Utile (perdita) d<span class=\"_ _3\"></span>ell'esercizio 494,5 441,4 53,1 Totale 3.680,1 3.438,2 241,9 Il <span class=\"_ _7\"></span>capitale <span class=\"_ _7\"></span>sociale <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>costituito <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>1<span class=\"_ _5\"></span>.489.53<span class=\"_ _3\"></span>8.745 <span class=\"_ _7\"></span>azioni <span class=\"_ _7\"></span>ordinarie <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>nominale <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>1 <span class=\"_ _7\"></span>euro cadauna e risulta interam<span class=\"_ _3\"></span>ente versato. Il numero delle a<span class=\"_ _3\"></span>zioni proprie detenute <span class=\"_ _3\"></span>dal Gruppo al 31 dicembre 20<span class=\"_ _3\"></span>2<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span> \u00e8 pari a 48<span class=\"ls0\">.0<span class=\"_ _3\"></span>42.438 (45.830.208 al 31 <span class=\"_ _3\"></span>dicembre 2023<span class=\"lsd\">).<span class=\"_ _75\"> </span></span></span><span class=\"ls0\"> </span>La <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>Riserva <span class=\"_ _6\"></span>legale <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>capogruppo <span class=\"_ _6\"></span>Hera <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>incrementa <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>destinazione <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>quota <span class=\"_ _6\"></span>parte prevista per <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>risultato dell\u2019esercizio precedente, deliberata <span class=\"_ _5\"></span>dall\u2019Assemblea dei <span class=\"_ _5\"></span>Soci in <span class=\"_ _5\"></span>sede <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>approvazione<span class=\"_ _3\"></span> del bilancio al 31 dic<span class=\"_ _3\"></span>embre 2023. Le <span class=\"_ _7\"></span><span class=\"ls0\">Altre <span class=\"_ _6\"></span>riserve <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>rappresen<span class=\"_ _3\"></span>tate <span class=\"_ _6\"></span>dagli <span class=\"_ _7\"></span>utili <span class=\"_ _6\"></span>generati <span class=\"_ _7\"></span>negli <span class=\"_ _6\"></span>eser<span class=\"_ _3\"></span>cizi <span class=\"_ _6\"></span>precedenti <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>riserve<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>costituite <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>sede <span class=\"_ _7\"></span>di </span>apporti di capitale. Le <span class=\"_ _6\"></span>Riserve <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>proprie<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>iflettono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>effettuate<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4, <span class=\"_ _e\"></span>ma anche <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span><span class=\"ff5\">\u2019utilizzo</span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>414.145 <span class=\"_ _7\"></span>azioni <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>l'acquisizione <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>minoranza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Uniflotte <span class=\"_ _6\"></span>Srl, <span class=\"_ _7\"></span>per<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>controva<span class=\"_ _3\"></span>lore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i 1,3 milioni di euro, e l<span class=\"ff5\">\u2019utilizzo</span> di 1.146.625 <span class=\"ff5\">azioni per l\u2019acquisizione del ramo Soelia, per un co<span class=\"_ _3\"></span>ntrovalore di <span class=\"_ _5\"></span><span class=\"ff1\">3,9 mil<span class=\"_ _5\"></span>ioni </span></span>di euro. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "15  Patrimonio <span class=\"_ _3\"></span>netto del Grupp<span class=\"_ _3\"></span>o 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Capitale sociale (v<span class=\"_ _3\"></span>alore nominale) 1.489,5 1.489,5 \u2010<span class=\"ff12\"> </span>Riserva azioni proprie<span class=\"_ _3\"></span> (48,0) (45,8) (2,2) Oneri aumento capital<span class=\"_ _3\"></span>e sociale (0,7) (0,7) \u2010<span class=\"ff4\"> </span>Capitale sociale  1.440,8 1.443,0 (2,2) Riserva legale<span class=\"_ _3\"></span> 146,1 133,9 12,2 Altre riserve 1.699,2 1.471,4 227,8 Componenti di c<span class=\"_ _3\"></span>onto economico comples<span class=\"_ _3\"></span>sivo (Oci) (40,2) 4,5 (44,7) Riserva per operazi<span class=\"_ _3\"></span>oni su azioni propri<span class=\"_ _3\"></span>e (60,3) (56,0) (4,3) Riserve  1.744,8 1.553,8 191,0 Utile (perdita) d<span class=\"_ _3\"></span>ell'esercizio 494,5 441,4 53,1 Totale 3.680,1 3.438,2 241,9 Il <span class=\"_ _7\"></span>capitale <span class=\"_ _7\"></span>sociale <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>costituito <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>1<span class=\"_ _5\"></span>.489.53<span class=\"_ _3\"></span>8.745 <span class=\"_ _7\"></span>azioni <span class=\"_ _7\"></span>ordinarie <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>nominale <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>1 <span class=\"_ _7\"></span>euro cadauna e risulta interam<span class=\"_ _3\"></span>ente versato. Il numero delle a<span class=\"_ _3\"></span>zioni proprie detenute <span class=\"_ _3\"></span>dal Gruppo al 31 dicembre 20<span class=\"_ _3\"></span>2<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span> \u00e8 pari a 48<span class=\"ls0\">.0<span class=\"_ _3\"></span>42.438 (45.830.208 al 31 <span class=\"_ _3\"></span>dicembre 2023<span class=\"lsd\">).<span class=\"_ _75\"> </span></span></span><span class=\"ls0\"> </span>La <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>Riserva <span class=\"_ _6\"></span>legale <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>capogruppo <span class=\"_ _6\"></span>Hera <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>incrementa <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>destinazione <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>quota <span class=\"_ _6\"></span>parte prevista per <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>risultato dell\u2019esercizio precedente, deliberata <span class=\"_ _5\"></span>dall\u2019Assemblea dei <span class=\"_ _5\"></span>Soci in <span class=\"_ _5\"></span>sede <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>approvazione<span class=\"_ _3\"></span> del bilancio al 31 dic<span class=\"_ _3\"></span>embre 2023. Le <span class=\"_ _7\"></span><span class=\"ls0\">Altre <span class=\"_ _6\"></span>riserve <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>rappresen<span class=\"_ _3\"></span>tate <span class=\"_ _6\"></span>dagli <span class=\"_ _7\"></span>utili <span class=\"_ _6\"></span>generati <span class=\"_ _7\"></span>negli <span class=\"_ _6\"></span>eser<span class=\"_ _3\"></span>cizi <span class=\"_ _6\"></span>precedenti <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>riserve<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>costituite <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>sede <span class=\"_ _7\"></span>di </span>apporti di capitale. Le <span class=\"_ _6\"></span>Riserve <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>proprie<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>iflettono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>effettuate<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4, <span class=\"_ _e\"></span>ma anche <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span><span class=\"ff5\">\u2019utilizzo</span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>414.145 <span class=\"_ _7\"></span>azioni <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>l'acquisizione <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>minoranza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Uniflotte <span class=\"_ _6\"></span>Srl, <span class=\"_ _7\"></span>per<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>controva<span class=\"_ _3\"></span>lore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i 1,3 milioni di euro, e l<span class=\"ff5\">\u2019utilizzo</span> di 1.146.625 <span class=\"ff5\">azioni per l\u2019acquisizione del ramo Soelia, per un co<span class=\"_ _3\"></span>ntrovalore di <span class=\"_ _5\"></span><span class=\"ff1\">3,9 mil<span class=\"_ _5\"></span>ioni </span></span>di euro. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-50": {
   "value": "Il numero delle a<span class=\"_ _3\"></span>zioni proprie detenute <span class=\"_ _3\"></span>dal Gruppo al 31 dicembre 20<span class=\"_ _3\"></span>2<span class=\"_ _7\"></span>4<span class=\"_ _5\"></span> \u00e8 pari a 48<span class=\"ls0\">.0<span class=\"_ _3\"></span>42.438 (45.830.208 al 31 <span class=\"_ _3\"></span>dicembre 2023<span class=\"lsd\">).<span class=\"_ _75\"> </span></span></span>Le <span class=\"_ _6\"></span>Riserve <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>proprie<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>iflettono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l<span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>effettuate<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4, <span class=\"_ _e\"></span>ma anche <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span><span class=\"ff5\">\u2019utilizzo</span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>414.145 <span class=\"_ _7\"></span>azioni <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>l'acquisizione <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>minoranza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Uniflotte <span class=\"_ _6\"></span>Srl, <span class=\"_ _7\"></span>per<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>controva<span class=\"_ _3\"></span>lore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-51": {
   "value": "16<span class=\"ls0\">  Interessenz<span class=\"_ _3\"></span>e di minoranza </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Capitale e riserv<span class=\"_ _3\"></span>e 270,5 266,8 3,7 Altre componenti di c<span class=\"_ _3\"></span>onto economico co<span class=\"_ _3\"></span>mplessivo (OCI) (5,1) 4,8 (9,9) Utile (perdita) dell'<span class=\"_ _3\"></span>esercizio 41,4 41,8 (0,4) Totale 306,8 313,4 (6,6) La <span class=\"_ _7\"></span>voce <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>costituita <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>soci <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>Herambiente, <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>Marche Multiservizi <span class=\"_ _d\"> </span>Spa <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>Acantho <span class=\"_ _e\"> </span>Spa<span class=\"_ _5\"></span>. <span class=\"_ _d\"> </span>La <span class=\"_ _d\"> </span>variazione, <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>fronte <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>un <span class=\"_ _d\"> </span>risultato <span class=\"_ _d\"> </span>d <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>4<span class=\"_ _5\"></span>1,4 <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>euro <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>di dividendi <span class=\"_ _d\"> </span>corrisposti <span class=\"_ _d\"> </span>ai <span class=\"_ _d\"> </span>soci <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>minoranza <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>37,4 <span class=\"_ _f\"> </span>milioni <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>euro,  \u00e8 <span class=\"_ _d\"> </span>riconducibile <span class=\"_ _d\"> </span>principalmente <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>variazione negativa della riserv<span class=\"ls10\">a <span class=\"_ _3\"></span><span class=\"ls0\">di cash flow hedge relativa a c<span class=\"_ _3\"></span>operture di transizio<span class=\"_ _3\"></span>ni su commodity gas ed energi<span class=\"_ _3\"></span>a elettrica<span class=\"_ _5\"></span>. </span></span>Con  riferiment<span class=\"_ _3\"></span>o  all\u2019acquisizione<span class=\"_ _3\"></span>  di  quote <span class=\"_ _f\"> </span>di  controllo  no<span class=\"_ _3\"></span>n  totalitarie  r<span class=\"_ _3\"></span>ealizzate  median<span class=\"_ _3\"></span>te  operazioni <span class=\"_ _f\"> </span>di  business combination, <span class=\"_ _7\"></span>diversi <span class=\"_ _7\"></span>accordi <span class=\"_ _7\"></span>contrattuali <span class=\"_ _6\"></span>stipulati <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>previsto <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>concessione <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>soci <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>mi<span class=\"_ _3\"></span>noranza <span class=\"_ _6\"></span>di opzioni irrevocabili di vendit<span class=\"_ _3\"></span>a<span class=\"_ _5\"></span><span class=\"ff5\">, da esercitarsi all\u2019intern<span class=\"_ _3\"></span>o di specifiche finestre tempor<span class=\"_ _3\"></span>ali. L\u2019esistenza di<span class=\"_ _5\"></span><span class=\"ff1\"> tali diritti in capo </span></span>ai <span class=\"_ _5\"></span>soci <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>comportato <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>necessit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>classificare <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>bilancio <span class=\"_ _7\"></span>consolidato <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziari<span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>l<span class=\"lse\">e </span>opzioni  sull<span class=\"_ _3\"></span>e  azioni/qu<span class=\"_ _3\"></span>ote  delle <span class=\"_ _f\"> </span>societ\u00e0  acquisite <span class=\"_ _f\"> </span>detenute  da<span class=\"_ _3\"></span>i  soci <span class=\"_ _f\"> </span>di  minoranza,<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>considerando  p<span class=\"_ _3\"></span>ertanto  come<span class=\"_ _3\"></span> interamente <span class=\"_ _7\"></span>possedute <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>partecipazioni. <span class=\"_ _7\"></span>Per <span class=\"_ _7\"></span>maggiori <span class=\"_ _5\"></span>dettagli <span class=\"_ _7\"></span>circa <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>calcolo <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>de<span class=\"_ _3\"></span>bit<span class=\"lsf\">i <span class=\"_ _7\"></span></span>per <span class=\"_ _7\"></span>l<span class=\"lse\">e </span>opzioni <span class=\"ff5\">di vendita, si rim<span class=\"_ _3\"></span>anda a quanto illu<span class=\"_ _3\"></span>strato alla nota 19 \u201cPassivi<span class=\"_ _3\"></span>t\u00e0 finanziarie\u201d.<span class=\"_ _75\"> </span></span>Prospetto di raccordo<span class=\"_ _3\"></span> Si <span class=\"_ _5\"></span>riporta <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>seguito <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>prospetto <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>raccordo <span class=\"_ _5\"></span>fra <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _5\"></span>separato <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>Capogruppo <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>bilancio c<span class=\"_ _5\"></span>onsolidato per <span class=\"_ _7\"></span>gli esercizi 2024 e 2023. RISULTATO NE<span class=\"_ _3\"></span>TTO 2024 PATRIMONIO N<span class=\"_ _3\"></span>ETTO 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>Saldi come da bila<span class=\"_ _3\"></span>ncio d'esercizio della <span class=\"_ _3\"></span>Capogruppo 267,3 2.641,1 Eccedenza dei patrim<span class=\"_ _3\"></span>oni netti (compre<span class=\"_ _3\"></span>so il risultato di peri<span class=\"_ _3\"></span>odo) rispetto ai valori <span class=\"_ _3\"></span>di carico delle partecipazioni in im<span class=\"_ _3\"></span>prese consoli<span class=\"_ _3\"></span>date 188,8 849,9 Rettifiche di cons<span class=\"_ _3\"></span>olidamento:      <span class=\"ls0\">valutazione a patrimonio netto <span class=\"_ _3\"></span>di imprese iscritt<span class=\"_ _3\"></span>e nel bilancio sep<span class=\"_ _3\"></span>arato al costo </span>1,9 45,7      <span class=\"ls0\">differenza tra prezzo di acqui<span class=\"_ _3\"></span>sto e corrispond<span class=\"_ _3\"></span>ente patrimonio netto <span class=\"_ _3\"></span>contabile </span>37,2 157,1      <span class=\"ls0\">eliminazione effetti operazio<span class=\"_ _3\"></span>ni infragruppo </span>(0,7) (13,7) Totale 494,5 3.680,1 Attribuzione interes<span class=\"_ _3\"></span>senza di terzi 41,4 306,8 Saldi come da bilancio <span class=\"_ _3\"></span>consolidato 535,9 3.986,9 RISULTATO NE<span class=\"_ _3\"></span>TTO 2023 PATRIMONIO N<span class=\"_ _3\"></span>ETTO 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Saldi come da bila<span class=\"_ _3\"></span>ncio d'esercizio della <span class=\"_ _3\"></span>Capogruppo 244,8 2.584,8 Eccedenza dei patrim<span class=\"_ _3\"></span>oni netti (compre<span class=\"_ _3\"></span>so il risultato di peri<span class=\"_ _3\"></span>odo) rispetto ai valori <span class=\"_ _3\"></span>di carico delle partecipazioni in im<span class=\"_ _3\"></span>prese consoli<span class=\"_ _3\"></span>date 197,2<span class=\"fc10\"> </span>728,0<span class=\"fc10\"> </span>Rettifiche di cons<span class=\"_ _3\"></span>olidamento:      <span class=\"ls0\">valutazione a patrimonio netto <span class=\"_ _3\"></span>di imprese iscritt<span class=\"_ _3\"></span>e nel bilancio sep<span class=\"_ _3\"></span>arato al costo </span>(0,6)<span class=\"fc10\"> </span>43,9<span class=\"fc10\"> </span>     <span class=\"ls0\">differenza tra prezzo di acqui<span class=\"_ _3\"></span>sto e corrispond<span class=\"_ _3\"></span>ente patrimonio netto <span class=\"_ _3\"></span>contabile </span>2,1<span class=\"fc10\"> </span>94,5<span class=\"fc10\"> </span>     <span class=\"ls0\">eliminazione effetti operazio<span class=\"_ _3\"></span>ni infragruppo </span>(2,1)<span class=\"fc10\"> </span>(13,0)<span class=\"fc10\"> </span>Totale 441,4 3.438,2 Attribuzione interes<span class=\"_ _3\"></span>senza di terzi 41,8<span class=\"fc10\"> </span>313,4<span class=\"fc10\"> </span>Saldi come da <span class=\"_ _3\"></span>bilancio consolidato 483,2 3.751,6",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-52": {
   "value": "17<span class=\"ls55\">  <span class=\"ls0\">Utile per azi<span class=\"_ _3\"></span>one </span></span>2024 2023 Utile (perdita) dell'<span class=\"_ _3\"></span>esercizio attribuibile ai <span class=\"_ _3\"></span>possessori di <span class=\"_ _3\"></span>azioni ordinarie dell<span class=\"_ _3\"></span>'entit\u00e0 Capogruppo (A) 494,5 441,4 Numero medio pon<span class=\"_ _3\"></span>derato delle azioni i<span class=\"_ _3\"></span>n circolazione ai fini <span class=\"_ _3\"></span>del calcolo dell<span class=\"_ _3\"></span>'utile (perdita) per azioni      <span class=\"ls0\">base (B) </span>1.441.374.819 1.446.069.736      <span class=\"ls0\">diluito (C) </span>1.441.374.819 1.446.069.736 Utile (perdita) p<span class=\"_ _3\"></span>er azione (in euro)     <span class=\"ls0\">base (A/B) </span>0,343 0,305    <span class=\"ls0\">diluito (A/C) </span>0,343 0,305 L\u2019utile base <span class=\"_ _5\"></span>per azione \u00e8<span class=\"_ _5\"></span> calcolato relativamente <span class=\"_ _5\"></span>al risultato economico <span class=\"_ _5\"></span>attribuibile ai possessori <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>strumenti ordinari di  capit<span class=\"_ _3\"></span>ale  de<span class=\"_ _3\"></span>ll\u2019entit\u00e0  C<span class=\"_ _3\"></span>apogruppo. <span class=\"_ _f\"> </span>L\u2019utile <span class=\"_ _f\"> </span>diluito  per <span class=\"_ _f\"> </span>azione  \u00e8<span class=\"_ _3\"></span> <span class=\"_ _4\"> </span><span class=\"ff1\">p<span class=\"_ _5\"></span>ari <span class=\"_ _f\"> </span>a  quello <span class=\"_ _f\"> </span>base  i<span class=\"_ _3\"></span>n  qua<span class=\"_ _3\"></span>nto  no<span class=\"_ _3\"></span>n  e<span class=\"_ _3\"></span>sistono  altr<span class=\"_ _3\"></span>e </span>categorie di azioni di<span class=\"_ _3\"></span>verse da quelle ordi<span class=\"_ _3\"></span>narie e non esistono str<span class=\"_ _3\"></span>umenti convertibili in<span class=\"_ _3\"></span> azioni.<span class=\"_ _5\"></span> Alla <span class=\"_ _f\"> </span>data  di <span class=\"_ _f\"> </span>redazione <span class=\"_ _f\"> </span>del  present<span class=\"_ _3\"></span>e  bila<span class=\"_ _3\"></span>ncio  c<span class=\"_ _3\"></span>onsolidato, <span class=\"_ _f\"> </span>il  capitale <span class=\"_ _f\"> </span>sociale <span class=\"_ _f\"> </span>della <span class=\"_ _10\"> </span>capogrup<span class=\"_ _3\"></span>po  He<span class=\"_ _3\"></span>ra  Sp<span class=\"_ _3\"></span>a  risult<span class=\"_ _3\"></span>a composto <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>1.489.538.745 <span class=\"_ _7\"></span>azioni <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>rdinarie, <span class=\"_ _5\"></span>invariate <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>ispetto <span class=\"_ _7\"></span>al<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023, <span class=\"_ _6\"></span>utili<span class=\"_ _3\"></span>zzate <span class=\"_ _7\"></span>nella <span class=\"_ _7\"></span>determinazione<span class=\"_ _3\"></span> dell\u2019utile per azion<span class=\"_ _3\"></span>e di base e diluito.<span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "18 <span class=\"_ _21\"> </span> <span class=\"_ _5b\"> </span>Attivit\u00e0 <span class=\"_ _21\"> </span>f<span class=\"_ _5\"></span>inanziari<span class=\"_ _3\"></span>e, <span class=\"_ _21\"> </span>disponibilit\u00e0 <span class=\"_ _21\"> </span>liquide <span class=\"_ _21\"> </span>e <span class=\"_ _5b\"> </span>mezzi equivalenti 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Crediti per servizi di c<span class=\"_ _3\"></span>ostruzione 102,2 100,3 1,9 Crediti per finanzia<span class=\"_ _3\"></span>menti 15,6 19,6 (4,0) Titoli in portafoglio 2,0 2,0 \u2010<span class=\"ff4\"> </span>Crediti finanziari di<span class=\"_ _3\"></span>versi 38,2 40,9 (2,7) Totale attivit\u00e0 fi<span class=\"_ _3\"></span>nanziarie non corr<span class=\"_ _3\"></span>enti 158,0 162,8 (4,8) Crediti per finanzia<span class=\"_ _3\"></span>menti 4,7 6,3 (1,6) Titoli in portafoglio \u2010<span class=\"ff4\"> </span>1,6 (1,6) Crediti finanziari di<span class=\"_ _3\"></span>versi 18,4 83,0 (64,6) Totale attivit\u00e0 fi<span class=\"_ _3\"></span>nanziarie correnti 23,1 90,9 (67,8) Disponibilit\u00e0 liq<span class=\"_ _3\"></span>uide e mezzi equi<span class=\"_ _3\"></span>valenti 1.315,6 1.332,8 (17,2) Totale attivit\u00e0 fi<span class=\"_ _3\"></span>nanziarie, disponi<span class=\"_ _3\"></span>bilit\u00e0 liquide e me<span class=\"_ _3\"></span>zzi equivalenti 1.496,7 1.586,5 (89,8)<span class=\"_ _75\"> </span>\u201cCrediti <span class=\"_ _e\"> </span>per <span class=\"_ _f\"> </span>servizi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>costruzione\u201d <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>rilevati <span class=\"_ _f\"> </span><span class=\"ff1\">nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>comuni <span class=\"_ _e\"> </span>per <span class=\"_ _f\"> </span>servizi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>costruzione <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>impianti <span class=\"_ _d\"> </span>di </span>pubblica <span class=\"_ _5\"></span>illuminazione <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>conformit\u00e0 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>modello <span class=\"_ _5\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>finanziaria <span class=\"_ _5\"></span>previsto <span class=\"_ _7\"></span>dall\u2019interpretazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>Ifric <span class=\"_ _7\"></span>12, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>pi\u00f9 analiticamente <span class=\"_ _10\"> </span>riportato <span class=\"_ _10\"> </span>nella <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ezione <span class=\"_ _10\"> </span>descrittiva <span class=\"_ _10\"> </span>dei <span class=\"_ _8\"> </span>criteri <span class=\"_ _10\"> </span>di <span class=\"_ _2\"> </span><span class=\"ff5\">valutazione <span class=\"_ _10\"> </span>relativamente <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>voce <span class=\"_ _10\"> </span>\u201cCrediti <span class=\"_ _10\"> </span>e </span>finanziamenti\u201d al par<span class=\"_ _3\"></span>agrafo 2.02.01 \u201cIntroduzi<span class=\"_ _3\"></span>one\u201d.<span class=\"ff1\"> </span>\u201cCrediti per finanziame<span class=\"_ _3\"></span>nti\u201d comprend<span class=\"ff1\">e finanziamenti, regolati a t<span class=\"_ _3\"></span>assi di mercato, concessi alle seguenti soci<span class=\"_ _3\"></span>et\u00e0: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>QUOTA NON CORRENTE QUOTA CORRENTE TOTALE QUOTA NON CORRENTE QUOTA CORRENTE TOTALE Aloe Spa 3,8 0,8 4,6 4,6 0,8 5,4 Set Spa 5,4 3,5 8,9 8,9 5,2 14,1 Altre minori 6,4 0,4 6,8 6,1 0,3 6,4 Totale 15,6 4,7 20,3 19,6 6,3 25,9 I <span class=\"_ _e\"> </span><span class=\"ls0\">finanziamenti <span class=\"_ _6\"></span>n<span class=\"_ _5\"></span>ei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>rappresentano <span class=\"_ _6\"></span>veicoli <span class=\"_ _e\"> </span>attraverso <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>quali <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _6\"></span>detiene <span class=\"_ _d\"> </span>quote <span class=\"_ _e\"></span>di </span>produzione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>generazione <span class=\"_ _6\"></span>elettrica <span class=\"_ _6\"></span>(Set <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>Tamarete <span class=\"_ _6\"></span>Energia <span class=\"_ _e\"></span>Srl<span class=\"lsd\">) <span class=\"_ _6\"></span></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>assoggettati <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>test <span class=\"_ _6\"></span>di impairment, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>risultato <span class=\"_ _e\"></span>non <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>determinato <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>necessit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>procedere <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>rettifica <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>valori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>iscrizione <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>tali finanziamenti <span class=\"_ _5\"></span><span class=\"ff5\">nel <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>202</span>4<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>illustrato <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>nota <span class=\"_ _7\"></span>27 <span class=\"_ _7\"></span><span class=\"ff5\">\u201c</span>Impairment <span class=\"_ _5\"></span>test <span class=\"_ _5\"></span>partecipazioni<span class=\"ff5\">\u201d</span>. <span class=\"_ _5\"></span>Per <span class=\"_ _7\"></span>quanto riguarda <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>verso <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>collegat<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Tamarete <span class=\"_ _5\"></span>Energia <span class=\"_ _7\"></span>Srl, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>isultavano c<span class=\"_ _5\"></span>ompletamen<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>svalutati <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>31 dicembre <span class=\"_ _f\"> </span>2023<span class=\"ff5\">, <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>ha <span class=\"_ _d\"> </span>ricevuto <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>dell\u2019esercizio</span> <span class=\"_ _f\"> </span><span class=\"ff5\">il  rim<span class=\"_ _3\"></span>borso <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>quote <span class=\"_ _f\"> </span>previste <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>l\u2019anno <span class=\"_ _d\"> </span>2024<span class=\"_ _7\"></span><span class=\"ff1 ls1e\">, </span></span>iscrivendo la conseguente rivalu<span class=\"_ _3\"></span>tazion<span class=\"ls10\">e </span>tra i proventi fi<span class=\"_ _3\"></span>nanziari per 2,4 milioni di euro. \u201cTitoli <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>portafoglio\u201d<span class=\"ff1\">, <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>parte<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>non <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrente <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>corrente <span class=\"_ _7\"></span>accolgono<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>obblig<span class=\"_ _3\"></span>azioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>fond<span class=\"ls23\">i <span class=\"_ _6\"></span></span>a <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>aranzia<span class=\"_ _3\"></span> </span>del<span class=\"ls0\">la <span class=\"_ _e\"></span>gestio<span class=\"lse\">ne</span> <span class=\"_ _e\"></span>post-mortem <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>discarica <span class=\"_ _d\"> </span>in <span class=\"_ _e\"> </span>capo <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontrollata <span class=\"_ _6\"></span>Asa <span class=\"_ _d\"> </span>Scpa, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>ammontare<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _e\"> </span></span>il <span class=\"_ _e\"></span>cui <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"> </span>di </span>iscrizione  \u00e8 <span class=\"_ _f\"> </span>sostanzialmente  a<span class=\"_ _3\"></span>llineato  al <span class=\"_ _f\"> </span>fair  value <span class=\"_ _f\"> </span>al  termine  dell\u2019e<span class=\"_ _3\"></span>sercizio.<span class=\"_ _5\"></span><span class=\"ff1\">  </span>Tali  titoli  ri<span class=\"_ _3\"></span>entrano  all\u2019i<span class=\"_ _3\"></span>nterno  della categoria <span class=\"_ _10\"> </span>degli <span class=\"_ _8\"> </span>str<span class=\"_ _3\"></span>umenti <span class=\"_ _8\"> </span>fina<span class=\"_ _3\"></span>nziari <span class=\"_ _10\"> </span>valutati <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _10\"> </span>fair <span class=\"_ _8\"> </span>value <span class=\"_ _10\"> </span>rilevato <span class=\"_ _10\"> </span>nelle <span class=\"_ _10\"> </span>altre <span class=\"_ _8\"> </span>componenti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>conto <span class=\"_ _8\"> </span>economic<span class=\"_ _3\"></span>o complessivo. \u201cCrediti finanziari div<span class=\"_ _3\"></span>ersi\u201d<span class=\"ff1\">, riguardano le seguenti contr<span class=\"_ _3\"></span>oparti<span class=\"_ _5\"></span>: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>QUOTA NON CORRENTE QUOTA CORRENTE TOTALE QUOTA NON CORRENTE QUOTA CORRENTE TOTALE Consorzio Collin<span class=\"_ _3\"></span>are 13,5 \u2010<span class=\"ff12\"> </span>13,5 13,3 \u2010<span class=\"ff12\"> </span>13,3 Acosea Impianti 12,7 \u2010<span class=\"ff4\"> </span>12,7 12,7 \u2010<span class=\"ff4\"> </span>12,7 Comune di Padova<span class=\"_ _3\"></span> 9,0 1,6 10,6 10,6 1,5 12,1 Cato e Regione Ve<span class=\"_ _3\"></span>neto \u2010<span class=\"ff4\"> </span>5,4 5,4 \u2010<span class=\"ff4\"> </span>6,1 6,1 Comuni ex CMV 2,6 \u2010<span class=\"ff4\"> </span>2,6 3,9 \u2010<span class=\"ff4\"> </span>3,9 Data market exc<span class=\"_ _3\"></span>hange \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>10,8 10,8<span class=\"_ _75\"> </span>Altri crediti finanziari<span class=\"_ _3\"></span> 0,4 11,4 11,8 0,4 64,6 65,0 Totale 38,2 18,4 56,6 40,9 83,0 123,9 \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">Consorzio <span class=\"_ _10\"> </span>Collin<span class=\"_ _3\"></span>are <span class=\"_ _10\"> </span>concerne <span class=\"_ _4\"> </span>l\u2019indennizzo <span class=\"_ _10\"> </span>spettant<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>gestore <span class=\"_ _4\"> </span>u<span class=\"_ _5\"></span>scente <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>termine <span class=\"_ _10\"> </span>dell\u2019affi<span class=\"_ _3\"></span>damento <span class=\"_ _10\"> </span>della </span></span>gestione del servizio di<span class=\"_ _3\"></span> distribuzione gas in alcuni comuni della r<span class=\"_ _3\"></span>egione Friuli-Venezia Giulia; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Acosea Impianti si rifer<span class=\"_ _3\"></span>isce a una garanzia fi<span class=\"_ _3\"></span>nanziaria rilasciata <span class=\"_ _3\"></span>dalla capogruppo Hera S<span class=\"_ _3\"></span>pa;<span class=\"_ _5\"></span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Comune di <span class=\"_ _5\"></span>Padova, \u00e8 principalmente correlato alla costruzione di<span class=\"_ _5\"></span> impianti fotovoltaici. Il rimbors<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span> di tale credito, </span></span>regolato a tasso di mer<span class=\"_ _3\"></span>cato, \u00e8 previsto in quote annuali con oriz<span class=\"_ _3\"></span>zonte temporale al 2030; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cato <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Regione <span class=\"_ _5\"></span>Veneto \u00e8 <span class=\"_ _5\"></span>rappresentato da <span class=\"_ _5\"></span>contributi <span class=\"_ _5\"></span>pubblici <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>saranno incassati <span class=\"_ _5\"></span>successivament<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data </span></span>di bilancio; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Comuni <span class=\"_ _5\"></span>ex <span class=\"_ _6\"></span>CMV<span class=\"_ _3\"></span>, <span class=\"_ _7\"></span><span class=\"ff5\">concerne <span class=\"_ _5\"></span>l\u2019indennizzo <span class=\"_ _5\"></span>spettante <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>gestore <span class=\"_ _5\"></span>uscente <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>termine <span class=\"_ _5\"></span>dell\u2019affidamento <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>gestione </span></span></span>del <span class=\"_ _d\"> </span>servizio <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _f\"> </span>ga<span class=\"_ _3\"></span>s <span class=\"_ _f\"> </span>nei <span class=\"_ _d\"> </span>comuni <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i  <span class=\"ff5\">G<span class=\"_ _3\"></span>oro <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>Castello <span class=\"_ _d\"> </span>d\u2019Argile<span class=\"_ _5\"></span><span class=\"ff1\">. <span class=\"_ _d\"> </span>L</span>a <span class=\"_ _f\"> </span>variazione <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio </span>precedente <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>dovuta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>termine <span class=\"_ _6\"></span>dell\u2019affidament<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>comune <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Vigarano, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>correlato <span class=\"_ _6\"></span>incasso <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>relativa<span class=\"_ _3\"></span> </span>quota d<span class=\"lsf\">i </span>indennizz<span class=\"_ _3\"></span>o spettante al Gruppo per <span class=\"_ _3\"></span>1,<span class=\"_ _5\"></span>3 milioni di eur<span class=\"_ _3\"></span>o; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Altri crediti finanziari accolgono principalmente anticipi di nat<span class=\"_ _3\"></span>ura finanziaria per la partecipazione alle future gar<span class=\"_ _3\"></span>e </span></span>di <span class=\"_ _6\"></span>assegnazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>servizio <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuzione <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as <span class=\"_ _6\"></span>metano. <span class=\"_ _6\"></span>Al <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _7\"></span>accoglievano <span class=\"_ _d\"> </span>le <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>di cessione <span class=\"_ _d\"> </span><span class=\"ff5\">di <span class=\"_ _f\"> </span>crediti <span class=\"_ _d\"> </span>d\u2019imposta <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>fficientam<span class=\"_ _3\"></span>ento <span class=\"_ _d\"> </span>energetico  c<span class=\"_ _3\"></span>oncluse <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>termine <span class=\"_ _d\"> </span>dell\u2019esercizio, <span class=\"_ _d\"> </span>formalmente<span class=\"_ _75\"> </span></span>validate <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>accettate <span class=\"_ _7\"></span>dalle <span class=\"_ _6\"></span>controparti <span class=\"_ _7\"></span>bancarie, <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>incasso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>avvenuto <span class=\"_ _6\"></span>nel <span class=\"_ _e\"></span>successivo <span class=\"_ _7\"></span>mese <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>gennaio<span class=\"ls16\">, <span class=\"_ _6\"></span></span>per 43,6 milioni di euro. \u201cDisponibilit\u00e0 <span class=\"_ _e\"> </span>liquide <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>mezzi <span class=\"_ _e\"> </span>equivalenti\u201d <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>rappresentati <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span>sclusivamente<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>da <span class=\"_ _e\"> </span>depositi <span class=\"_ _e\"> </span>bancari<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>postali <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a </span>1.315,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _5\"></span>(<span class=\"ls10\">1.</span>332,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3). <span class=\"_ _7\"></span>Per meglio <span class=\"_ _7\"></span>comprendere<span class=\"_ _3\"></span> la variazione dell\u2019amm<span class=\"_ _3\"></span>ontare delle disponibilit<span class=\"_ _3\"></span>\u00e0 liquide si rinvia <span class=\"_ _3\"></span>allo schema di rendicont<span class=\"_ _3\"></span>o finanziario.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "18 <span class=\"_ _21\"> </span> <span class=\"_ _5b\"> </span>Attivit\u00e0 <span class=\"_ _21\"> </span>f<span class=\"_ _5\"></span>inanziari<span class=\"_ _3\"></span>e, <span class=\"_ _21\"> </span>disponibilit\u00e0 <span class=\"_ _21\"> </span>liquide <span class=\"_ _21\"> </span>e <span class=\"_ _5b\"> </span>mezzi equivalenti 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Crediti per servizi di c<span class=\"_ _3\"></span>ostruzione 102,2 100,3 1,9 Crediti per finanzia<span class=\"_ _3\"></span>menti 15,6 19,6 (4,0) Titoli in portafoglio 2,0 2,0 \u2010<span class=\"ff4\"> </span>Crediti finanziari di<span class=\"_ _3\"></span>versi 38,2 40,9 (2,7) Totale attivit\u00e0 fi<span class=\"_ _3\"></span>nanziarie non corr<span class=\"_ _3\"></span>enti 158,0 162,8 (4,8) Crediti per finanzia<span class=\"_ _3\"></span>menti 4,7 6,3 (1,6) Titoli in portafoglio \u2010<span class=\"ff4\"> </span>1,6 (1,6) Crediti finanziari di<span class=\"_ _3\"></span>versi 18,4 83,0 (64,6) Totale attivit\u00e0 fi<span class=\"_ _3\"></span>nanziarie correnti 23,1 90,9 (67,8) Disponibilit\u00e0 liq<span class=\"_ _3\"></span>uide e mezzi equi<span class=\"_ _3\"></span>valenti 1.315,6 1.332,8 (17,2) Totale attivit\u00e0 fi<span class=\"_ _3\"></span>nanziarie, disponi<span class=\"_ _3\"></span>bilit\u00e0 liquide e me<span class=\"_ _3\"></span>zzi equivalenti 1.496,7 1.586,5 (89,8)<span class=\"_ _75\"> </span><div class=\"c w2 h0 gs419\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCrediti <span class=\"_ _e\"> </span>per <span class=\"_ _f\"> </span>servizi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>costruzione\u201d <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>rilevati <span class=\"_ _f\"> </span><span class=\"ff1\">nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>comuni <span class=\"_ _e\"> </span>per <span class=\"_ _f\"> </span>servizi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>costruzione <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>impianti <span class=\"_ _d\"> </span>di </span></div><div class=\"t m0 x23 h43 y173 ff5 fs1 fc1 sc0 ls0 ws0\">pubblica <span class=\"_ _5\"></span>illuminazione <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>conformit\u00e0 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>modello <span class=\"_ _5\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>finanziaria <span class=\"_ _5\"></span>previsto <span class=\"_ _7\"></span>dall\u2019interpretazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>Ifric <span class=\"_ _7\"></span>12, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>pi\u00f9 </div><div class=\"t m0 x23 h3 y174 ff1 fs1 fc1 sc0 ls0 ws0\">analiticamente <span class=\"_ _10\"> </span>riportato <span class=\"_ _10\"> </span>nella <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>ezione <span class=\"_ _10\"> </span>descrittiva <span class=\"_ _10\"> </span>dei <span class=\"_ _8\"> </span>criteri <span class=\"_ _10\"> </span>di <span class=\"_ _2\"> </span><span class=\"ff5\">valutazione <span class=\"_ _10\"> </span>relativamente <span class=\"_ _10\"> </span>alla <span class=\"_ _10\"> </span>voce <span class=\"_ _10\"> </span>\u201cCrediti <span class=\"_ _10\"> </span>e </span></div><div class=\"t m0 x23 h3 y175 ff5 fs1 fc1 sc0 ls0 ws0\">finanziamenti\u201d al par<span class=\"_ _3\"></span>agrafo 2.02.01 \u201cIntroduzi<span class=\"_ _3\"></span>one\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y176 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y177 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCrediti per finanziame<span class=\"_ _3\"></span>nti\u201d comprend<span class=\"ff1\">e finanziamenti, regolati a t<span class=\"_ _3\"></span>assi di mercato, concessi alle seguenti soci<span class=\"_ _3\"></span>et\u00e0: </span></div><div class=\"t m0 x23 h3 y178 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w9d h3c gs41a\"><div class=\"t m0 x1a h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w9d h3c gs41b\"><div class=\"t m0 x1a h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2b8 h8e gs41c\"><div class=\"t m0 x13 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA NON </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2b9 h8e gs41d\"><div class=\"t m0 xa4 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2b8 h8e gs41e\"><div class=\"t m0 xa2 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2b9 h8e gs41f\"><div class=\"t m0 x13 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA NON </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2b9 h8e gs420\"><div class=\"t m0 xa4 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2d0 h8e gs421\"><div class=\"t m0 xa4 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2b3 h3c gs422\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Aloe Spa </div></div><div class=\"c w2b8 h3c gs423\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,8 </div></div><div class=\"c w2b9 h3c gs424\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,8 </div></div><div class=\"c w2b8 h3c gs425\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,6 </div></div><div class=\"c w2b9 h3c gs426\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,6 </div></div><div class=\"c w2b9 h3c gs427\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,8 </div></div><div class=\"c w2d0 h3c gs428\"><div class=\"t m0 xae hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">5,4 </div></div><div class=\"c w2b3 h3c gs429\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Set Spa </div></div><div class=\"c w2b8 h3c gs42a\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">5,4 </div></div><div class=\"c w2b9 h3c gs42b\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,5 </div></div><div class=\"c w2b8 h3c gs42c\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,9 </div></div><div class=\"c w2b9 h3c gs42d\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,9 </div></div><div class=\"c w2b9 h3c gs42e\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">5,2 </div></div><div class=\"c w2d0 h3c gs42f\"><div class=\"t m0 x4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">14,1 </div></div><div class=\"c w2b3 h3c gs430\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre minori </div></div><div class=\"c w2b8 h3c gs431\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,4 </div></div><div class=\"c w2b9 h3c gs432\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2b8 h3c gs433\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,8 </div></div><div class=\"c w2b9 h3c gs434\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,1 </div></div><div class=\"c w2b9 h3c gs435\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w2d0 h3c gs436\"><div class=\"t m0 xae hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,4 </div></div><div class=\"c w2b3 h90 gs437\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w2b8 h90 gs438\"><div class=\"t m0 xa8 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">15,6 </div></div><div class=\"c w2b9 h90 gs439\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">4,7 </div></div><div class=\"c w2b8 h90 gs43a\"><div class=\"t m0 xa8 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">20,3 </div></div><div class=\"c w2b9 h90 gs43b\"><div class=\"t m0 xa8 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">19,6 </div></div><div class=\"c w2b9 h90 gs43c\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">6,3 </div></div><div class=\"c w2d0 h90 gs43d\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">25,9 </div></div><div class=\"c w2 h0 gs419\"><div class=\"t m0 x23 h3 y14a2 ff1 fs1 fc1 sc0 ls16 ws0\">I <span class=\"_ _e\"> </span><span class=\"ls0\">finanziamenti <span class=\"_ _6\"></span>n<span class=\"_ _5\"></span>ei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>rappresentano <span class=\"_ _6\"></span>veicoli <span class=\"_ _e\"> </span>attraverso <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>quali <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _6\"></span>detiene <span class=\"_ _d\"> </span>quote <span class=\"_ _e\"></span>di </span></div><div class=\"t m0 x23 h3 yd75 ff1 fs1 fc1 sc0 ls0 ws0\">produzione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>generazione <span class=\"_ _6\"></span>elettrica <span class=\"_ _6\"></span>(Set <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>Tamarete <span class=\"_ _6\"></span>Energia <span class=\"_ _e\"></span>Srl<span class=\"lsd\">) <span class=\"_ _6\"></span></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>assoggettati <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>test <span class=\"_ _6\"></span>di </div><div class=\"t m0 x23 h3 y1665 ff1 fs1 fc1 sc0 ls0 ws0\">impairment, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>risultato <span class=\"_ _e\"></span>non <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>determinato <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>necessit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>procedere <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>rettifica <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>valori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>iscrizione <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>tali </div><div class=\"t m0 x23 h3 y1d4d ff1 fs1 fc1 sc0 ls0 ws0\">finanziamenti <span class=\"_ _5\"></span><span class=\"ff5\">nel <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>202</span>4<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>illustrato <span class=\"_ _5\"></span>alla <span class=\"_ _7\"></span>nota <span class=\"_ _7\"></span>27 <span class=\"_ _7\"></span><span class=\"ff5\">\u201c</span>Impairment <span class=\"_ _5\"></span>test <span class=\"_ _5\"></span>partecipazioni<span class=\"ff5\">\u201d</span>. <span class=\"_ _5\"></span>Per <span class=\"_ _7\"></span>quanto </div><div class=\"t m0 x23 h3 y850 ff1 fs1 fc1 sc0 ls0 ws0\">riguarda <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>verso <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>collegat<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Tamarete <span class=\"_ _5\"></span>Energia <span class=\"_ _7\"></span>Srl, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>isultavano c<span class=\"_ _5\"></span>ompletamen<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>svalutati <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>31 </div><div class=\"t m0 x23 h3 y1511 ff1 fs1 fc1 sc0 ls0 ws0\">dicembre <span class=\"_ _f\"> </span>2023<span class=\"ff5\">, <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>ha <span class=\"_ _d\"> </span>ricevuto <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>dell\u2019esercizio</span> <span class=\"_ _f\"> </span><span class=\"ff5\">il  rim<span class=\"_ _3\"></span>borso <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>quote <span class=\"_ _f\"> </span>previste <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>l\u2019anno <span class=\"_ _d\"> </span>2024<span class=\"_ _7\"></span><span class=\"ff1 ls1e\">, </span></span></div><div class=\"t m0 x23 h3 yc55 ff1 fs1 fc1 sc0 ls0 ws0\">iscrivendo la conseguente rivalu<span class=\"_ _3\"></span>tazion<span class=\"ls10\">e </span>tra i proventi fi<span class=\"_ _3\"></span>nanziari per 2,4 milioni di euro. </div><div class=\"t m0 x23 h3 y853 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1d4e ff5 fs1 fc1 sc0 ls0 ws0\">\u201cTitoli <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>portafoglio\u201d<span class=\"ff1\">, <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>parte<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>non <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrente <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>corrente <span class=\"_ _7\"></span>accolgono<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>obblig<span class=\"_ _3\"></span>azioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>fond<span class=\"ls23\">i <span class=\"_ _6\"></span></span>a <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>aranzia<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y104f ff1 fs1 fc1 sc0 ls10 ws0\">del<span class=\"ls0\">la <span class=\"_ _e\"></span>gestio<span class=\"lse\">ne</span> <span class=\"_ _e\"></span>post-mortem <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>discarica <span class=\"_ _d\"> </span>in <span class=\"_ _e\"> </span>capo <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ontrollata <span class=\"_ _6\"></span>Asa <span class=\"_ _d\"> </span>Scpa, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>ammontare<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _e\"> </span></span>il <span class=\"_ _e\"></span>cui <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"> </span>di </span></div><div class=\"t m0 x23 h3 y856 ff5 fs1 fc1 sc0 ls0 ws0\">iscrizione  \u00e8 <span class=\"_ _f\"> </span>sostanzialmente  a<span class=\"_ _3\"></span>llineato  al <span class=\"_ _f\"> </span>fair  value <span class=\"_ _f\"> </span>al  termine  dell\u2019e<span class=\"_ _3\"></span>sercizio.<span class=\"_ _5\"></span><span class=\"ff1\">  </span>Tali  titoli  ri<span class=\"_ _3\"></span>entrano  all\u2019i<span class=\"_ _3\"></span>nterno  della </div><div class=\"t m0 x23 h3 y1c16 ff1 fs1 fc1 sc0 ls0 ws0\">categoria <span class=\"_ _10\"> </span>degli <span class=\"_ _8\"> </span>str<span class=\"_ _3\"></span>umenti <span class=\"_ _8\"> </span>fina<span class=\"_ _3\"></span>nziari <span class=\"_ _10\"> </span>valutati <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>l <span class=\"_ _10\"> </span>fair <span class=\"_ _8\"> </span>value <span class=\"_ _10\"> </span>rilevato <span class=\"_ _10\"> </span>nelle <span class=\"_ _10\"> </span>altre <span class=\"_ _8\"> </span>componenti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>conto <span class=\"_ _8\"> </span>economic<span class=\"_ _3\"></span>o </div><div class=\"t m0 x23 h3 y1051 ff1 fs1 fc1 sc0 ls0 ws0\">complessivo. </div><div class=\"t m0 x23 h3 y859 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1d4f ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCrediti finanziari div<span class=\"_ _3\"></span>ersi\u201d<span class=\"ff1\">, riguardano le seguenti contr<span class=\"_ _3\"></span>oparti<span class=\"_ _5\"></span>: </span></div><div class=\"t m0 x23 h3 y1053 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w1eb h3c gs43e\"><div class=\"t m0 x182 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w9d h3c gs43f\"><div class=\"t m0 x1a h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2dd h5f gs440\"><div class=\"t m0 x9d h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA NON </div><div class=\"t m0 xbc h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2b7 h5f gs441\"><div class=\"t m0 xbc h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA </div><div class=\"t m0 x14 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2b8 h5f gs442\"><div class=\"t m0 xa2 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2b9 h5f gs443\"><div class=\"t m0 x13 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA NON </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2b9 h5f gs444\"><div class=\"t m0 xa4 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2d0 h5f gs445\"><div class=\"t m0 xa4 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2b3 h3c gs446\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Consorzio Collin<span class=\"_ _3\"></span>are </div></div><div class=\"c w2dd h3c gs447\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13,5 </div></div><div class=\"c w2b7 h3c gs448\"><div class=\"t m0 x1c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2b8 h3c gs449\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13,5 </div></div><div class=\"c w2b9 h3c gs44a\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13,3 </div></div><div class=\"c w2b9 h3c gs44b\"><div class=\"t m0 x8c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2d0 h3c gs44c\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13,3 </div></div><div class=\"c w2b3 h3c gs44d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Acosea Impianti </div></div><div class=\"c w2dd h3c gs44e\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,7 </div></div><div class=\"c w2b7 h3c gs44f\"><div class=\"t m0 x1c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b8 h3c gs450\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,7 </div></div><div class=\"c w2b9 h3c gs451\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,7 </div></div><div class=\"c w2b9 h3c gs452\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2d0 h3c gs453\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,7 </div></div><div class=\"c w2b3 h3c gs454\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Comune di Padova<span class=\"_ _3\"></span> </div></div><div class=\"c w2dd h3c gs455\"><div class=\"t m0 x8c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">9,0 </div></div><div class=\"c w2b7 h3c gs456\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,6 </div></div><div class=\"c w2b8 h3c gs457\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">10,6 </div></div><div class=\"c w2b9 h3c gs458\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">10,6 </div></div><div class=\"c w2b9 h3c gs459\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,5 </div></div><div class=\"c w2d0 h3c gs45a\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,1 </div></div><div class=\"c w2b3 h3c gs45b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Cato e Regione Ve<span class=\"_ _3\"></span>neto </div></div><div class=\"c w2dd h3c gs45c\"><div class=\"t m0 x64 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b7 h3c gs45d\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,4 </div></div><div class=\"c w2b8 h3c gs45e\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,4 </div></div><div class=\"c w2b9 h3c gs45f\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h3c gs460\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">6,1 </div></div><div class=\"c w2d0 h3c gs461\"><div class=\"t m0 xae hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">6,1 </div></div><div class=\"c w2b3 h3c gs462\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Comuni ex CMV </div></div><div class=\"c w2dd h3c gs463\"><div class=\"t m0 x8c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,6 </div></div><div class=\"c w2b7 h3c gs464\"><div class=\"t m0 x1c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b8 h3c gs465\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,6 </div></div><div class=\"c w2b9 h3c gs466\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3,9 </div></div><div class=\"c w2b9 h3c gs467\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2d0 h3c gs468\"><div class=\"t m0 xae hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3,9 </div></div><div class=\"c w2b3 h3c gs469\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Data market exc<span class=\"_ _3\"></span>hange </div></div><div class=\"c w2dd h3c gs46a\"><div class=\"t m0 x64 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b7 h3c gs46b\"><div class=\"t m0 x1c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b8 h3c gs46c\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h3c gs46d\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h3c gs46e\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">10,8 </div></div><div class=\"c w2d0 h3c gs46f\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">10,8<span class=\"_ _75\"> </span> </div></div><div class=\"c w2b3 h3c gs471\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri crediti finanziari<span class=\"_ _3\"></span> </div></div><div class=\"c w2dd h3c gs472\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2b7 h3c gs473\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">11,4 </div></div><div class=\"c w2b8 h3c gs474\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">11,8 </div></div><div class=\"c w2b9 h3c gs475\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2b9 h3c gs476\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">64,6 </div></div><div class=\"c w2d0 h3c gs477\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">65,0 </div></div><div class=\"c w2b3 h3c gs478\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w2dd h3c gs479\"><div class=\"t m0 x30 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">38,2 </div></div><div class=\"c w2b7 h3c gs47a\"><div class=\"t m0 x2b h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">18,4 </div></div><div class=\"c w2b8 h3c gs47b\"><div class=\"t m0 xa8 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">56,6 </div></div><div class=\"c w2b9 h3c gs47c\"><div class=\"t m0 xa8 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">40,9 </div></div><div class=\"c w2b9 h3c gs47d\"><div class=\"t m0 xa8 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">83,0 </div></div><div class=\"c w2d0 h3c gs47e\"><div class=\"t m0 xb1 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">123,9 </div></div><div class=\"c w2 h0 gs47f\"><div class=\"t m0 x23 h5a y184c ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">Consorzio <span class=\"_ _10\"> </span>Collin<span class=\"_ _3\"></span>are <span class=\"_ _10\"> </span>concerne <span class=\"_ _4\"> </span>l\u2019indennizzo <span class=\"_ _10\"> </span>spettant<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>gestore <span class=\"_ _4\"> </span>u<span class=\"_ _5\"></span>scente <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>termine <span class=\"_ _10\"> </span>dell\u2019affi<span class=\"_ _3\"></span>damento <span class=\"_ _10\"> </span>della </span></span></div><div class=\"t m0 x63 h3 y227 ff1 fs1 fc1 sc0 ls0 ws0\">gestione del servizio di<span class=\"_ _3\"></span> distribuzione gas in alcuni comuni della r<span class=\"_ _3\"></span>egione Friuli-Venezia Giulia; </div><div class=\"t m0 x23 h5a y6ae ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Acosea Impianti si rifer<span class=\"_ _3\"></span>isce a una garanzia fi<span class=\"_ _3\"></span>nanziaria rilasciata <span class=\"_ _3\"></span>dalla capogruppo Hera S<span class=\"_ _3\"></span>pa;<span class=\"_ _5\"></span> </span></span></div><div class=\"t m0 x23 h5a y1d52 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Comune di <span class=\"_ _5\"></span>Padova, \u00e8 principalmente correlato alla costruzione di<span class=\"_ _5\"></span> impianti fotovoltaici. Il rimbors<span class=\"_ _5\"></span>o<span class=\"_ _5\"></span> di tale credito, </span></span></div><div class=\"t m0 x63 h3 y1d53 ff1 fs1 fc1 sc0 ls0 ws0\">regolato a tasso di mer<span class=\"_ _3\"></span>cato, \u00e8 previsto in quote annuali con oriz<span class=\"_ _3\"></span>zonte temporale al 2030; </div><div class=\"t m0 x23 h5a y89c ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cato <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Regione <span class=\"_ _5\"></span>Veneto \u00e8 <span class=\"_ _5\"></span>rappresentato da <span class=\"_ _5\"></span>contributi <span class=\"_ _5\"></span>pubblici <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>saranno incassati <span class=\"_ _5\"></span>successivament<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data </span></span></div><div class=\"t m0 x63 h3 yf26 ff1 fs1 fc1 sc0 ls0 ws0\">di bilancio; </div><div class=\"t m0 x23 h5a ydcb ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Comuni <span class=\"_ _5\"></span>ex <span class=\"_ _6\"></span>CMV<span class=\"_ _3\"></span>, <span class=\"_ _7\"></span><span class=\"ff5\">concerne <span class=\"_ _5\"></span>l\u2019indennizzo <span class=\"_ _5\"></span>spettante <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>gestore <span class=\"_ _5\"></span>uscente <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>termine <span class=\"_ _5\"></span>dell\u2019affidamento <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>gestione </span></span></span></div><div class=\"t m0 x63 h3 y1c59 ff1 fs1 fc1 sc0 ls0 ws0\">del <span class=\"_ _d\"> </span>servizio <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _f\"> </span>ga<span class=\"_ _3\"></span>s <span class=\"_ _f\"> </span>nei <span class=\"_ _d\"> </span>comuni <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i  <span class=\"ff5\">G<span class=\"_ _3\"></span>oro <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>Castello <span class=\"_ _d\"> </span>d\u2019Argile<span class=\"_ _5\"></span><span class=\"ff1\">. <span class=\"_ _d\"> </span>L</span>a <span class=\"_ _f\"> </span>variazione <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio </span></div><div class=\"t m0 x63 h3 yc1c ff5 fs1 fc1 sc0 ls0 ws0\">precedente <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>dovuta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>termine <span class=\"_ _6\"></span>dell\u2019affidament<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>comune <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Vigarano, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>correlato <span class=\"_ _6\"></span>incasso <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>relativa<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x63 h3 yc1d ff1 fs1 fc1 sc0 ls0 ws0\">quota d<span class=\"lsf\">i </span>indennizz<span class=\"_ _3\"></span>o spettante al Gruppo per <span class=\"_ _3\"></span>1,<span class=\"_ _5\"></span>3 milioni di eur<span class=\"_ _3\"></span>o; </div><div class=\"t m0 x23 h5a yb7a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Altri crediti finanziari accolgono principalmente anticipi di nat<span class=\"_ _3\"></span>ura finanziaria per la partecipazione alle future gar<span class=\"_ _3\"></span>e </span></span></div><div class=\"t m0 x63 h3 ydcf ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _6\"></span>assegnazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>servizio <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuzione <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as <span class=\"_ _6\"></span>metano. <span class=\"_ _6\"></span>Al <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _7\"></span>accoglievano <span class=\"_ _d\"> </span>le <span class=\"_ _6\"></span>operazioni <span class=\"_ _6\"></span>di </div><div class=\"t m0 x63 h3 yd0c ff1 fs1 fc1 sc0 ls0 ws0\">cessione <span class=\"_ _d\"> </span><span class=\"ff5\">di <span class=\"_ _f\"> </span>crediti <span class=\"_ _d\"> </span>d\u2019imposta <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>fficientam<span class=\"_ _3\"></span>ento <span class=\"_ _d\"> </span>energetico  c<span class=\"_ _3\"></span>oncluse <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>termine <span class=\"_ _d\"> </span>dell\u2019esercizio, <span class=\"_ _d\"> </span>formalmente<span class=\"_ _75\"> </span></span><span class=\"ff5\"> </span></div></div>validate <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>accettate <span class=\"_ _7\"></span>dalle <span class=\"_ _6\"></span>controparti <span class=\"_ _7\"></span>bancarie, <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>incasso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>avvenuto <span class=\"_ _6\"></span>nel <span class=\"_ _e\"></span>successivo <span class=\"_ _7\"></span>mese <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>gennaio<span class=\"ls16\">, <span class=\"_ _6\"></span></span>per 43,6 milioni di euro. \u201cDisponibilit\u00e0 <span class=\"_ _e\"> </span>liquide <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>mezzi <span class=\"_ _e\"> </span>equivalenti\u201d <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>rappresentati <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span>sclusivamente<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>da <span class=\"_ _e\"> </span>depositi <span class=\"_ _e\"> </span>bancari<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>postali <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a </span>1.315,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _5\"></span>(<span class=\"ls10\">1.</span>332,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3). <span class=\"_ _7\"></span>Per meglio <span class=\"_ _7\"></span>comprendere<span class=\"_ _3\"></span> la variazione dell\u2019amm<span class=\"_ _3\"></span>ontare delle disponibilit<span class=\"_ _3\"></span>\u00e0 liquide si rinvia <span class=\"_ _3\"></span>allo schema di rendicont<span class=\"_ _3\"></span>o finanziario.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "\u201cDisponibilit\u00e0 <span class=\"_ _e\"> </span>liquide <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>mezzi <span class=\"_ _e\"> </span>equivalenti\u201d <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>rappresentati <span class=\"_ _6\"> </span>e<span class=\"_ _5\"></span>sclusivamente<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>da <span class=\"_ _e\"> </span>depositi <span class=\"_ _e\"> </span>bancari<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>postali <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a </span>1.315,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>4 <span class=\"_ _5\"></span>(<span class=\"ls10\">1.</span>332,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3). <span class=\"_ _7\"></span>Per meglio <span class=\"_ _7\"></span>comprendere<span class=\"_ _3\"></span> la variazione dell\u2019amm<span class=\"_ _3\"></span>ontare delle disponibilit<span class=\"_ _3\"></span>\u00e0 liquide si rinvia <span class=\"_ _3\"></span>allo schema di rendicont<span class=\"_ _3\"></span>o finanziario.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromBanksExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "19  Passivit\u00e0 <span class=\"_ _3\"></span>finanziarie 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Prestiti obbligazion<span class=\"_ _3\"></span>ari e finanziamenti 4.113,3 4.072,2 41,1 Opzione di vendita <span class=\"_ _3\"></span>soci di minoranza 39,6 327,8 (288,2) Debiti per acquisizi<span class=\"_ _3\"></span>one partecipazio<span class=\"_ _3\"></span>ni di controllo e corrispetti<span class=\"_ _3\"></span>vi potenziali 1,4 20,1 (18,7) Altri debiti finanziari<span class=\"_ _3\"></span> 0,3 1,6 (1,3) Totale passivit\u00e0 f<span class=\"_ _3\"></span>inanziarie non c<span class=\"_ _3\"></span>orrenti 4.154,6 4.421,7 (267,1) Prestiti obbligazion<span class=\"_ _3\"></span>ari e finanziamenti 450,0 479,2 (29,2) Opzione di vendita <span class=\"_ _3\"></span>soci di minoranza 251,2 \u2010<span class=\"ff4\"> </span>251,2 Scoperti di conto c<span class=\"_ _3\"></span>orrente e interessi p<span class=\"_ _3\"></span>assivi 151,9 92,6 59,3 Debiti per acquisizi<span class=\"_ _3\"></span>one partecipazioni <span class=\"_ _3\"></span>di controllo e corrispetti<span class=\"_ _3\"></span>vi potenziali 20,8 13,8 7,0 Altri debiti finanziari<span class=\"_ _3\"></span> 352,8 305,2 47,6 Totale passivit\u00e0 f<span class=\"_ _3\"></span>inanziarie correnti 1.226,7 890,8 335,9 Totale passivit\u00e0 f<span class=\"_ _3\"></span>inanziarie 5.381,3 5.312,5 68,8 \u201cPrestiti <span class=\"_ _7\"></span>obbligazionari <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>finanziamenti\u201d,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>nella <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>corrente <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>movimentano<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _7\"></span>ol<span class=\"_ _5\"></span>tre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>riclassifica <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ella </span>parte <span class=\"_ _7\"></span>corrente <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>quote <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>finanziamenti <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _5\"></span>successivo,</span> <span class=\"_ _7\"></span><span class=\"ff5\">principalmente <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019effetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span></span>i <span class=\"_ _7\"></span>un finanziamento <span class=\"_ _5\"></span>per 460 <span class=\"_ _7\"></span>milioni <span class=\"ls10\">di</span> <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>concesso <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>Banca <span class=\"_ _5\"></span>europea per <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>investimenti<span class=\"ls1e\">, <span class=\"_ _7\"></span></span>a <span class=\"_ _5\"></span>tasso fi<span class=\"_ _5\"></span>sso e <span class=\"_ _5\"></span>rimborso <span class=\"_ _5\"></span>al 2040, sottoscritto <span class=\"_ _5\"></span><span class=\"lse\">al</span> <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span><span class=\"ls10\">di</span> accelerare <span class=\"_ _5\"></span><span class=\"ls23\">la</span> <span class=\"_ _5\"></span>transizione <span class=\"_ _5\"></span>ecologica e <span class=\"_ _5\"></span>contribuire alla <span class=\"_ _5\"></span>lotta c<span class=\"_ _5\"></span>ontro <span class=\"lsf\">il</span> <span class=\"_ _5\"></span>cambiamento climatico nei<span class=\"ls0\"> <span class=\"_ _6\"></span>territori <span class=\"_ _6\"></span>serviti <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>Gruppo. <span class=\"_ _6\"></span><span class=\"ls1e\">In</span> <span class=\"_ _e\"></span>particolare, <span class=\"_ _6\"></span><span class=\"lsf\">il</span> <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>nanziamento <span class=\"_ _6\"></span>consentir\u00e0 <span class=\"_ _6\"></span><span class=\"lse\">di<span class=\"_ _5\"></span></span> <span class=\"_ _6\"></span>migliorare <span class=\"_ _e\"></span><span class=\"ls23\">la</span> <span class=\"_ _e\"></span>resilienza <span class=\"_ _6\"></span></span>del<span class=\"ls0\"> <span class=\"_ _6\"></span>ciclo <span class=\"_ _e\"></span>idrico </span>integrato, <span class=\"_ _5\"></span>favorire <span class=\"ff5\">l\u2019efficienza</span> <span class=\"_ _5\"></span>energetica, <span class=\"lsf\">la</span> <span class=\"_ _5\"></span>decarbonizzazi<span class=\"_ _3\"></span>one <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019economia</span> circolare <span class=\"_ _5\"></span>e potenziare <span class=\"_ _5\"></span><span class=\"lsf\">il</span> trattamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span><span class=\"ls23\">la</span> raccolta dei rifiuti, <span class=\"ff5\">nell\u2019ambit<span class=\"_ _3\"></span>o<span class=\"ff1\"> <span class=\"lse\">di<span class=\"_ _5\"></span></span> oltre <span class=\"lse\">60</span> progettualit\u00e0 allineat<span class=\"_ _3\"></span>e alla tassonomia europea. </span></span>La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>comprende, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _5\"></span><span class=\"ff5\">il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>dell\u2019opzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita, p<span class=\"_ _5\"></span>ari a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>5<span class=\"_ _5\"></span></span>5,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>correlata <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>partecipazion<span class=\"_ _3\"></span>e di  minoranza  del  3%  di  Ascopiave  Spa  in  Hera  C<span class=\"_ _3\"></span>omm  Spa  che,  per  effett<span class=\"_ _3\"></span>o  delle  disposizioni  contrattuali,<span class=\"_ _3\"></span>  \u00e8 classificata <span class=\"_ _f\"> </span>come  finanziam<span class=\"_ _3\"></span>ento  e <span class=\"_ _f\"> </span>valutata <span class=\"_ _f\"> </span>secondo  il <span class=\"_ _f\"> </span>metodo  del <span class=\"_ _f\"> </span>costo  amm<span class=\"_ _3\"></span>ortizzato. <span class=\"_ _4\"> </span>Tale  debito, <span class=\"_ _f\"> </span>del  valore nominale di <span class=\"_ _5\"></span>54 milioni di <span class=\"_ _5\"></span>euro, si <span class=\"_ _5\"></span>incrementa per effetto della componente f<span class=\"_ _5\"></span>inanziaria valutativ<span class=\"_ _3\"></span>a e <span class=\"_ _5\"></span>si decrementa per <span class=\"_ _5\"></span>i dividendi corrisposti:<span class=\"_ _75\"> </span>VALORE  INIZIALE ONERI  FINANZIARI FLUSSI CORRISPOSTI VALORE  FINALE Esercizio 2023 54,8 3,2 (2,7) 55,3 Esercizio 2024 55,3 3,2 (2,7) 55,8 La <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>corrente <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span><span class=\"ff5 lsd\">\u201cP<span class=\"ls0\">restiti <span class=\"_ _5\"></span>obbligazionari <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d <span class=\"_ _6\"></span></span></span>accoglie <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>quote<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">scadenti <span class=\"_ _5\"></span>entro <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>\u2019esercizio <span class=\"_ _7\"></span>successiv<span class=\"ff1\">o </span></span>dei debiti a <span class=\"_ _5\"></span>medio e lungo termine, oltre ad un <span class=\"_ _5\"></span>prestito obbligazionario<span class=\"_ _3\"></span> per un valore no<span class=\"_ _5\"></span>minale resid<span class=\"_ _3\"></span>uo di 15 <span class=\"_ _5\"></span>milioni di euro in scadenza a maggio 20<span class=\"_ _3\"></span>25. Rispetto al 31 dicembre <span class=\"_ _3\"></span>2023 si evidenzia il rimb<span class=\"_ _3\"></span>orso d<span class=\"_ _5\"></span>i: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">un prestito obbligazi<span class=\"_ _3\"></span>onario (nella forma di green bond<span class=\"lsd\">) </span>avente un<span class=\"_ _3\"></span> nozionale residuo di 288,3<span class=\"_ _3\"></span> milioni di euro;   </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 ls10\">un <span class=\"ls0\">prestito obb<span class=\"_ _5\"></span>ligazion<span class=\"_ _3\"></span>ario d<span class=\"_ _5\"></span>enominato<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>in y<span class=\"_ _5\"></span>en <span class=\"_ _5\"></span>giapponesi <span class=\"_ _5\"></span>avente un <span class=\"_ _5\"></span>nozionale residuo <span class=\"_ _5\"></span>di 20 <span class=\"_ _5\"></span>miliardi <span class=\"_ _5\"></span>di yen<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>pari </span></span></span>a 149,8 milioni di euro (convertit<span class=\"_ _3\"></span>o al tasso di cambio orig<span class=\"_ _3\"></span>inario oggetto di cop<span class=\"_ _3\"></span>ertura)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span>Si evidenzia<span class=\"ls10\">no</span> di segui<span class=\"_ _3\"></span>to le principali condizi<span class=\"_ _3\"></span>oni dei prestiti obbli<span class=\"_ _3\"></span>gazionari in essere al 31<span class=\"_ _5\"></span> dicemb<span class=\"_ _3\"></span>re 2024: PRESTITI OBBLIG<span class=\"_ _3\"></span>AZIONARI DURATA (ANNI) SCADENZA VALORE NOMINALE (ML<span class=\"_ _3\"></span>N) CEDOLA TASSO  ANNUALE Sustainability lin<span class=\"_ _3\"></span>ked-bond 12.5 25<span class=\"ls0\">-</span>apr<span class=\"ls0\">-<span class=\"_ _3\"></span>2034 </span>500 Eur Fissa, annuale 1,00% Sustainability lin<span class=\"_ _3\"></span>ked-bond 10<span class=\"ls0\"> </span>20<span class=\"ls0\">-</span>apr<span class=\"ls0\">-<span class=\"_ _3\"></span>2033 </span>600 Eur Fissa, annuale 4,25% Bond 12<span class=\"ls0\"> </span>22<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>5 </span>15 Eur Fissa, annuale 3,5% Green Bond 7 25<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>9 </span>500 Eur Fissa, annuale 2,5% Bond 10<span class=\"ls0\"> </span>14<span class=\"ls0\">-ott-2026 </span>325,44 Eur Fissa, annuale 0,875%<span class=\"_ _75\"> </span> Bond 10<span class=\"ls0\"> </span>03<span class=\"ls0\">-dic-2030 </span>500 Eur Fissa, annuale 0,25% Bond* 15/20 14<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>7/2032 </span>102,5 Eur Fissa, annuale 5,25% Green Bond 8 05<span class=\"ls0\">-lug-2027<span class=\"_ _3\"></span> </span>357,2 Eur Fissa, annuale 0,875% Bond 15<span class=\"ls0\"> </span>29<span class=\"ls0\">-gen-2028<span class=\"_ _3\"></span> </span>599,02 Eur Fissa, annuale 5,20% * Strumento non quotato Al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _5\"></span>4 <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>prestiti <span class=\"_ _e\"> </span>obbligazionari <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>essere<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>presentano <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>nominale <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>3.499,1 <span class=\"_ _e\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>euro (3.937,2 <span class=\"_ _5\"></span>milioni di<span class=\"_ _5\"></span> euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2023)<span class=\"_ _5\"></span>, un <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di iscrizione <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo ammortizzato <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span><span class=\"ls10\">3.</span>414,4 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro (3.804,5 <span class=\"_ _5\"></span>milioni di euro<span class=\"_ _5\"></span> al <span class=\"_ _5\"></span>31 dicembre <span class=\"_ _5\"></span>2023)<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>e un <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value di <span class=\"_ _5\"></span><span class=\"lse\">3.<span class=\"_ _5\"></span></span>382,2 <span class=\"_ _5\"></span>milioni di e<span class=\"_ _5\"></span>uro (<span class=\"_ _5\"></span><span class=\"lse\">3.</span>737,7 <span class=\"_ _5\"></span>al 31 <span class=\"_ _5\"></span>dicembre 2023<span class=\"_ _5\"></span><span class=\"ls59\">) </span>determinato dalle quot<span class=\"_ _3\"></span>azioni di mercato ove dis<span class=\"_ _3\"></span>ponibili.<span class=\"_ _5\"></span> Su <span class=\"_ _5\"></span>alcuni <span class=\"_ _5\"></span>finanziamenti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>presenti <span class=\"_ _5\"></span>covenant <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>prevedono <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>mite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>corporate <span class=\"_ _5\"></span>rating, <span class=\"_ _5\"></span>il<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>quale <span class=\"_ _5\"></span>deve essere <span class=\"_ _7\"></span>valutato, <span class=\"_ _7\"></span>anche <span class=\"_ _6\"></span>solo <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>un\u2019agenzia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>rating, <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>on <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>sotto <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>livello <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>Investment <span class=\"_ _6\"></span>gr<span class=\"_ _3\"></span>ade <span class=\"_ _7\"></span>(BBB<span class=\"_ _6\"></span><span class=\"ff1\">-). </span>Alla data attuale tale <span class=\"_ _3\"></span>parametro risulta ri<span class=\"_ _3\"></span>spettato.<span class=\"_ _5\"></span> \u201cOpzione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>soci <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>minoranza\u201d, <span class=\"_ _6\"></span>accoglie <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>opzioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>attribuite, <span class=\"_ _6\"></span>con specifici <span class=\"_ _6\"></span>istituti <span class=\"_ _6\"></span>contratt<span class=\"_ _3\"></span>uali, <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>soci <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>minoranz<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>sulle <span class=\"_ _6\"></span>proprie <span class=\"_ _7\"></span>quo<span class=\"_ _5\"></span>te <span class=\"_ _6\"></span>partecipativ<span class=\"_ _3\"></span>e<span class=\"_ _7\"></span><span class=\"ls1e\">. <span class=\"_ _e\"></span></span>Il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>ilevante <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>riferibile all\u2019opzione di <span class=\"_ _5\"></span>vendita de<span class=\"_ _5\"></span>lla partecipazione di <span class=\"_ _5\"></span>minoranza in <span class=\"_ _5\"></span>EstEnergy <span class=\"_ _5\"></span>Spa, pari <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span><span class=\"ff1 lse\">25<span class=\"ls0\">% del <span class=\"_ _5\"></span>capitale s<span class=\"_ _5\"></span>ociale, detenuta </span></span>da Ascopiave Spa. La policy del Gruppo preved<span class=\"_ _3\"></span>e di non rappresentare l\u2019intere<span class=\"_ _3\"></span>ssenza dei soci di minoranza nella co<span class=\"_ _3\"></span>mponente di risultato di <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>eriodo, <span class=\"_ _e\"> </span>pertanto, <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>debiti <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>o<span class=\"_ _5\"></span>pzioni <span class=\"_ _e\"></span>(da <span class=\"_ _d\"> </span>versare <span class=\"_ _e\"> </span>alla <span class=\"_ _d\"> </span>data <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>sercizio <span class=\"_ _e\"></span>delle <span class=\"_ _d\"> </span>stesse <span class=\"_ _e\"> </span>secondo <span class=\"_ _d\"> </span>il meccanismo contrattuale con<span class=\"_ _3\"></span>diviso tra le parti) \u00e8 increme<span class=\"_ _3\"></span>ntato dei dividendi che ci si aspetta verra<span class=\"_ _3\"></span>nno distribuiti dalle societ\u00e0 <span class=\"_ _e\"> </span>controllate <span class=\"_ _e\"> </span>lungo <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>vita <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>potetica <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>opzioni <span class=\"_ _d\"> </span>stesse. <span class=\"_ _e\"> </span>Il <span class=\"_ _d\"> </span>fair <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>alue <span class=\"_ _e\"> </span>iscritto <span class=\"_ _d\"> </span>a <span class=\"_ _e\"> </span>bilancio <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ome <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _e\"> </span>non rappresenta, <span class=\"_ _7\"></span>quindi, <span class=\"_ _5\"></span>soltanto <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>attuale <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>prezzo <span class=\"_ _7\"></span>previsto <span class=\"_ _5\"></span>dell\u2019opzione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>vendita <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ata <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>suo <span class=\"_ _7\"></span>esercizio, ma <span class=\"_ _6\"></span>contiene <span class=\"_ _6\"></span>anch<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>stima <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttualizzata <span class=\"_ _7\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>dividendi <span class=\"_ _6\"></span>distribuiti<span class=\"_ _5\"></span>,<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>anto <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>ritenersi <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>corrispettivo<span class=\"_ _3\"></span> variabile <span class=\"_ _e\"> </span>dovuto <span class=\"_ _e\"> </span>alla <span class=\"_ _e\"> </span>controparte. <span class=\"_ _e\"> </span>Data <span class=\"_ _6\"> </span>la <span class=\"_ _d\"> </span>struttura <span class=\"_ _e\"> </span>dell\u2019operazione,<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>nel <span class=\"_ _e\"> </span>corso <span class=\"_ _d\"> </span>del <span class=\"_ _e\"> </span>periodo <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>\u2019esercizio <span class=\"_ _6\"> </span>del<span class=\"_ _5\"></span>l\u2019opzione,<span class=\"_ _3\"></span> l\u2019utile <span class=\"_ _7\"></span>generato <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>controllate <span class=\"_ _7\"></span>sar\u00e0 <span class=\"_ _7\"></span>distribuito <span class=\"_ _7\"></span>secondo <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>rispettive <span class=\"_ _7\"></span>quote <span class=\"_ _7\"></span>nominali <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>partecipazione. <span class=\"_ _7\"></span>Tale meccanismo <span class=\"_ _5\"></span>fa <span class=\"_ _5\"></span>s\u00ec <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>dell\u2019opzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>verr\u00e0 <span class=\"_ _5\"></span>estinta <span class=\"_ _5\"></span>tramite l<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>distribuzione d<span class=\"_ _5\"></span>i futuri dividendi <span class=\"_ _d\"> </span>\u00e8  i<span class=\"_ _3\"></span>n <span class=\"_ _f\"> </span>realt\u00e0 <span class=\"_ _d\"> </span>autoliquidante, <span class=\"_ _d\"> </span>dal <span class=\"_ _f\"> </span>momento <span class=\"_ _f\"> </span>che <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>risorse <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _d\"> </span>necessarie <span class=\"_ _f\"> </span>(ovvero <span class=\"_ _d\"> </span>i <span class=\"_ _f\"> </span>dividendi <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lle partecipazioni di minoranza) saranno direttam<span class=\"_ _3\"></span>ente generate dalle societ\u00e0 controllate,<span class=\"_ _3\"></span> senza pertanto determinare nel corso di tale periodo u<span class=\"_ _3\"></span>n reale fabbisogno fi<span class=\"_ _3\"></span>nanziario addizional<span class=\"_ _3\"></span>e per il Gruppo.<span class=\"_ _5\"></span> Di seguito \u00e8 riportata l<span class=\"_ _3\"></span>a movimentazione d<span class=\"_ _3\"></span>ell\u2019esercizio, confront<span class=\"_ _3\"></span>ata con il periodo prec<span class=\"_ _3\"></span>edente:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>VALORE INIZIALE ACQUISIZIONI ONERI FINANZIARI VARIAZIONI  IPOTESI FLUSSI CORRISPOSTI VALORE FINALE 31<span class=\"ls0\">-dic-<span class=\"ls3\">23</span> </span>Equity value 421,2 7,6 14,4 (11,9) (149,5) 281,9 Dividendi futuri 80,0 3,1 2,8 (19,3) (20,7) 45,9 Totale 501,2 10,7 17,2 (31,1) (170,2) 327,8 31<span class=\"ls0\">-dic-<span class=\"ls3\">24</span> </span>Equity value 281,9 8,6 9,9 (37,8) \u2010<span class=\"ff4\"> </span>262,6 Dividendi futuri 45,9 2,3 1,6 (12,1) (9,5) 28,2 Totale 327,8 10,9 11,5 (49,9) (9,5) 290,8 Con riferimento alla m<span class=\"_ _3\"></span>ovimentazione intervenut<span class=\"_ _3\"></span>a nell\u2019esercizio:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le acquisizioni <span class=\"ff5\">si riferiscon<span class=\"_ _3\"></span>o all\u2019operazione straor<span class=\"_ _3\"></span>dinaria <span class=\"_ _5\"></span><span class=\"ff1\">relativa a Trs Ecol<span class=\"_ _3\"></span>ogy Srl; </span></span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">gli <span class=\"_ _6\"></span>o<span class=\"ff5\">neri <span class=\"_ _7\"></span>finanziari <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _7\"></span>figurativi <span class=\"_ _7\"></span>derivanti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>all\u2019attualizzazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>de<span class=\"_ _5\"></span><span class=\"ff1\">lla <span class=\"_ _7\"></span>passivit\u00e0<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>iscritta <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> </span></span></span></span>bilancio precedente; <div class=\"c w2 h0 gs4b9\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h5a y26c ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le variazioni ipotesi <span class=\"_ _5\"></span>rappresentano <span class=\"ff5\">gli effetti del<span class=\"_ _5\"></span>l\u2019aggiorn<span class=\"_ _3\"></span>amento delle variabili sottostanti al<span class=\"_ _7\"></span><span class=\"ff1\">la determinazione del </span></span></span></span></div><div class=\"t m0 x59 h3 y26d ff1 fs1 fc1 sc0 ls0 ws0\">fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>dell<span class=\"lse\">e <span class=\"_ _d\"> </span></span>opzioni <span class=\"_ _d\"> </span>stesse. <span class=\"_ _e\"> </span>In <span class=\"_ _d\"> </span>particolare, <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>tali <span class=\"_ _d\"> </span>opzioni <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"> </span>cal<span class=\"_ _5\"></span>colato <span class=\"_ _e\"></span>facendo <span class=\"_ _e\"> </span>riferimento <span class=\"_ _e\"> </span>allo </div><div class=\"t m0 x59 h3 y12e5 ff1 fs1 fc1 sc0 ls0 ws0\">scenario <span class=\"_ _6\"></span>futuro <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>esercizio <span class=\"_ _6\"></span>ritenuto <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>robabile <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>management<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>tenuto <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>esercizi <span class=\"_ _6\"></span>parziali </div><div class=\"t m0 x59 h3 y2a6 ff1 fs1 fc1 sc0 ls0 ws0\">effettuati <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>gi\u00e0 <span class=\"_ _7\"></span>sottoscritti, <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>coerenza <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>ipotesi <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ianificazio<span class=\"_ _3\"></span>ne <span class=\"_ _7\"></span>aggiornate<span class=\"_ _5\"></span>, <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>dottando <span class=\"_ _7\"></span>criteri <span class=\"_ _6\"></span>sec<span class=\"_ _3\"></span>ondo <span class=\"_ _7\"></span>le </div><div class=\"t m0 x59 h3 y2a7 ff1 fs1 fc1 sc0 ls0 ws0\">condizioni <span class=\"_ _6\"></span>contrattualizz<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>parti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>attualizzando <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>corrisp<span class=\"_ _3\"></span>ondenti <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>futuri <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa, <span class=\"_ _7\"></span>u<span class=\"_ _5\"></span>tilizzando <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>e </div><div class=\"t m0 x59 h3 y2a8 ff1 fs1 fc1 sc0 ls0 ws0\">tasso <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>sconto <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>medi<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>indebitam<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>ungo <span class=\"_ _7\"></span>termine <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _e\"> </span>iniziale <span class=\"_ _6\"></span><span class=\"ff5\">dell\u2019operazione. </span></div><div class=\"t m0 x59 h3 y2a9 ff5 fs1 fc1 sc0 ls0 ws0\">Nell\u2019esercizio <span class=\"_ _5\"></span>202<span class=\"ff1\">4 <span class=\"_ _5\"></span><span class=\"ls23\">la<span class=\"_ _5\"></span></span> <span class=\"_ _5\"></span>rivisitazione <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>stime <span class=\"_ _5\"></span></span>ha <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>omportato l\u2019iscrizione <span class=\"_ _7\"></span><span class=\"ff1\">di <span class=\"_ _5\"></span>proventi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>50,4 <span class=\"_ _7\"></span>milioni di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>di </span></div><div class=\"t m0 x59 h3 y2aa ff1 fs1 fc1 sc0 ls0 ws0\">oneri <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>0,5 <span class=\"_ _f\"> </span>milioni <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>euro.  I <span class=\"_ _d\"> </span>proventi  d<span class=\"_ _3\"></span>el <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>riferiscono <span class=\"_ _f\"> </span>principalmente <span class=\"_ _f\"> </span>all<span class=\"ff5\">\u2019</span>opzione  sull<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>quote <span class=\"_ _f\"> </span>di </div><div class=\"t m0 x59 h3 y2ab ff1 fs1 fc1 sc0 ls0 ws0\">minoranza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>EstEn<span class=\"_ _3\"></span>ergy <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>47,8 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(26,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicemb<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>2023<span class=\"_ _5\"></span>). <span class=\"_ _6\"></span>A <span class=\"_ _6\"></span>tal <span class=\"_ _6\"></span>fine <span class=\"_ _7\"></span>si </div><div class=\"t m0 x59 h3 y2ac ff1 fs1 fc1 sc0 ls0 ws0\">segnala <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>data <span class=\"_ _7\"></span>16 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2024 <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>stipulato <span class=\"_ _7\"></span><span class=\"ff5\">l\u2019atto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cessione <span class=\"_ _7\"></span></span>con<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Ascopiave <span class=\"_ _7\"></span>Spa <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>25% <span class=\"_ _7\"></span>residuo </div><div class=\"t m0 x59 h3 y237 ff1 fs1 fc1 sc0 ls0 ws0\">del <span class=\"_ _7\"></span>capitale <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>sudd<span class=\"_ _3\"></span>etta <span class=\"_ _7\"></span>societ\u00e0, <span class=\"_ _6\"></span>sogg<span class=\"_ _3\"></span>etto <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>ndizione <span class=\"_ _7\"></span>sospensiva <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>agamento <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>avverr\u00e0 <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orso<span class=\"_ _3\"></span> </div><div class=\"t m0 x59 h3 y238 ff1 fs1 fc1 sc0 ls0 ws0\">del 2025<span class=\"ff5\">, come riportato al<span class=\"_ _3\"></span> paragrafo 1.03 \u201cPri<span class=\"_ _3\"></span>ncipali fatti di rilie<span class=\"_ _3\"></span>vo\u201d<span class=\"_ _5\"></span><span class=\"ff1\">; </span></span></div><div class=\"t m0 x1b h5a y6c9 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i <span class=\"_ _f\"> </span>flussi <span class=\"_ _d\"> </span>corrisposti <span class=\"_ _d\"> </span>accolgono <span class=\"_ _f\"> </span>gli <span class=\"_ _d\"> </span>importi <span class=\"_ _d\"> </span>versati <span class=\"_ _f\"> </span>ai <span class=\"_ _d\"> </span>soci <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>minoranza <span class=\"_ _d\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>agamento <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>dividendi<span class=\"_ _6\"></span> <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>loro </span></span></div><div class=\"t m0 x59 h3 y6ca ff1 fs1 fc1 sc0 ls0 ws0\">pertinenza, <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>9 <span class=\"_ _6\"></span>milio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _6\"></span>relativi <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>soci <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>minoranz<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>EstEnergy <span class=\"_ _7\"></span>Spa<span class=\"ls16\">. <span class=\"_ _6\"></span></span>Si <span class=\"_ _7\"></span>segnala <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>he <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>periodo<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> </div><div class=\"t m0 x59 h3 y6cb ff1 fs1 fc1 sc0 ls0 ws0\">confronto accoglie<span class=\"ls11\">va</span> principalmente <span class=\"ff5\">l\u2019esercizio parziale da parte di Ascopiave Spa dell'opzione di vendita in suo </span></div><div class=\"t m0 x59 h3 y23c ff1 fs1 fc1 sc0 ls0 ws0\">possesso <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>il <span class=\"_ _e\"></span><span class=\"lse\">15</span>% <span class=\"_ _e\"></span>delle <span class=\"_ _6\"></span>azioni <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>EstEnergy <span class=\"_ _6\"></span>Spa <span class=\"_ _e\"></span>per <span class=\"_ _6\"></span>un<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>controvalore <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>137,5 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>eu<span class=\"_ _5\"></span>ro <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _e\"></span></span><span class=\"ff5\">l\u2019esercizio </span></div><div class=\"t m0 x59 h3 y23d ff1 fs1 fc1 sc0 ls0 ws0\">totale <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Herambiente <span class=\"_ _7\"></span>Servizi <span class=\"_ _6\"></span>Industriali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Srl<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dell'<span class=\"_ _3\"></span>opzione <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>acquisto <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>suo <span class=\"_ _7\"></span>possesso, <span class=\"_ _7\"></span>correlata <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>una </div><div class=\"t m0 x59 h3 y23e ff1 fs1 fc1 sc0 ls0 ws0\">corrispondente opzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita dei <span class=\"_ _5\"></span>soci <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>minoranza, p<span class=\"_ _5\"></span>ari <span class=\"_ _5\"></span>al 30<span class=\"_ _5\"></span>% delle <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>societ\u00e0 Recycla <span class=\"_ _5\"></span>Spa <span class=\"_ _5\"></span>per </div><div class=\"t m0 x59 h3 y23f ff1 fs1 fc1 sc0 ls0 ws0\">un controvalore di 10,3 milio<span class=\"_ _3\"></span>ni di euro. </div><div class=\"t m0 x1b h3 y6cc ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y6cd ff5 fs1 fc1 sc0 ls0 ws0\">\u201cScoperti <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>corrente <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>interessi <span class=\"_ _e\"> </span>passivi\u201d, <span class=\"_ _e\"> </span><span class=\"ff1\">accolgono <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>debiti <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>le <span class=\"_ _e\"></span>sottoscrizioni<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>restiti <span class=\"_ _6\"></span>a </span></div><div class=\"t m0 x1b h3 y6ce ff1 fs1 fc1 sc0 ls0 ws0\">breve <span class=\"_ _7\"></span>termine, <span class=\"_ _5\"></span>ne<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>forma <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>hot <span class=\"_ _7\"></span>money, <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span><span class=\"lse\">75</span> <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(10 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>al<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>31<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>dicembre <span class=\"_ _7\"></span>2023) <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>interessi<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y6cf ff1 fs1 fc1 sc0 ls0 ws0\">passivi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>competenza<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>ancora<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>corrisposti <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"lse\">71</span>,7 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>eur<span class=\"_ _3\"></span>o </div><div class=\"t m0 x1b h3 y6d0 ff1 fs1 fc1 sc0 ls0 ws0\">(71,9 milioni di euro <span class=\"_ _3\"></span>al 31 dicembre 2023). </div><div class=\"t m0 x1b h3 y6d1 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y2dc ff5 fs1 fc1 sc0 ls0 ws0\">\u201cDebiti <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>acquisizione <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>corrispettivi <span class=\"_ _5\"></span>potenziali\u201d, <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ccolgono <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>somme <span class=\"_ _5\"></span>ancora <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>pagare </div><div class=\"t m0 x1b h3 y2dd ff1 fs1 fc1 sc0 ls10 ws0\">ai<span class=\"ls0\"> <span class=\"_ _6\"></span><span class=\"ff5\">soci <span class=\"_ _6\"></span>cedenti <span class=\"_ _6\"></span>nell\u2019am<span class=\"_ _3\"></span>bito <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>operazioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>aggregazione <span class=\"_ _6\"></span>azi<span class=\"_ _3\"></span>endale <span class=\"_ _6\"></span>concluse <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>quell<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>precedenti, </span></span></div><div class=\"t m0 x1b h3 y6d2 ff1 fs1 fc1 sc0 ls0 ws0\">nonch\u00e9 <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>stima <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>bilancio <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>corrispettivi <span class=\"_ _5\"></span>potenziali <span class=\"_ _6\"></span>(earn-out) <span class=\"_ _5\"></span>previsti <span class=\"_ _7\"></span>dagli <span class=\"_ _5\"></span>accordi <span class=\"_ _7\"></span>sottoscritti <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>sede <span class=\"_ _7\"></span>di </div><div class=\"t m0 x1b h3 y1132 ff1 fs1 fc1 sc0 ls0 ws0\">acquisizione. <span class=\"_ _7\"></span>Al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dice<span class=\"_ _5\"></span>mbre <span class=\"_ _7\"></span>2024, <span class=\"_ _7\"></span>nella <span class=\"_ _6\"></span>quota <span class=\"_ _7\"></span>corrente, <span class=\"_ _7\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>voce <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>riferisce <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>corrispettivo <span class=\"_ _6\"></span>differi<span class=\"_ _3\"></span>to </div><div class=\"t m0 x1b h43 yf0c ff5 fs1 fc1 sc0 ls0 ws0\">per l\u2019acquisizione delle <span class=\"_ _5\"></span>quote di minoranza di <span class=\"_ _5\"></span>Aliplast Spa per 17,4 <span class=\"_ _5\"></span>milioni di euro. <span class=\"_ _5\"></span>La variazione rispetto a<span class=\"_ _5\"></span>ll\u2019eserci<span class=\"_ _3\"></span>zio </div><div class=\"t m0 x1b h3 y62c ff1 fs1 fc1 sc0 ls0 ws0\">precedente <span class=\"_ _22\"> </span>\u00e8 <span class=\"_ _11\"> </span>d<span class=\"_ _5\"></span>ovuta <span class=\"_ _11\"> </span>principalmente <span class=\"_ _11\"> </span><span class=\"ff5\">all\u2019avverarsi <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>corso <span class=\"_ _11\"> </span>dell\u2019</span>esercizio <span class=\"_ _11\"> </span>2024 <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>condizioni <span class=\"_ _11\"> </span>previste </div><div class=\"t m0 x1b h3 ye04 ff5 fs1 fc1 sc0 ls0 ws0\">contrattualmente <span class=\"_ _f\"> </span>per  il  riconoscimento <span class=\"_ _f\"> </span>dell\u2019earn<span class=\"_ _5\"></span><span class=\"ff1\">-</span>out  relativo  all\u2019acqui<span class=\"_ _3\"></span>sizione,  avvenut<span class=\"_ _3\"></span>a  nell\u2019esercizio <span class=\"_ _f\"> </span>2019,  della </div><div class=\"t m0 x1b h3 y1068 ff1 fs1 fc1 sc0 ls0 ws0\">societ\u00e0 Pistoia Ambien<span class=\"_ _3\"></span>te Srl, successivame<span class=\"_ _3\"></span>nte fusa per incorporazio<span class=\"_ _3\"></span>ne in Herambiente Spa. </div><div class=\"t m0 x1b h3 ye64 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1133 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltri debiti finanzi<span class=\"_ _3\"></span>ari\u201d, <span class=\"ff1\">riguardano principalmente: </span></div><div class=\"t m0 x1b h3 yc4b ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w9d h3c gs4ba\"><div class=\"t m0 x1a h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2b5 h3c gs4bb\"><div class=\"t m0 x1a h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2b9 h8e gs4bc\"><div class=\"t m0 x13 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA NON </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2b9 h8e gs4bd\"><div class=\"t m0 xa4 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2b8 h8e gs4be\"><div class=\"t m0 xa2 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2b9 h8e gs4bf\"><div class=\"t m0 x13 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA NON </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2b8 h8e gs4c0\"><div class=\"t m0 xa4 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">CORRENTE </div></div><div class=\"c w2ba h8e gs4c1\"><div class=\"t m0 xa4 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2b3 h3c gs4c2\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Factoring </div></div><div class=\"c w2b9 h3c gs4c3\"><div class=\"t m0 x8c h335 y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2b9 h3c gs4c4\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">332,8 </div></div><div class=\"c w2b8 h3c gs4c5\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">332,8 </div></div><div class=\"c w2b9 h3c gs4c6\"><div class=\"t m0 x8c h335 y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2b8 h3c gs4c7\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">117,7 </div></div><div class=\"c w2ba h3c gs4c8\"><div class=\"t m0 xb1 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">117,7 </div></div><div class=\"c w2b3 h8e gs4c9\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Cassa servizi ener<span class=\"_ _3\"></span>getici e </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">ambientali </div></div><div class=\"c w2b9 h8e gs4ca\"><div class=\"t m0 x8c hf y5e2 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h8e gs4cb\"><div class=\"t m0 x1c hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">5,7 </div></div><div class=\"c w2b8 h8e gs4cc\"><div class=\"t m0 x1c hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">5,7 </div></div><div class=\"c w2b9 h8e gs4cd\"><div class=\"t m0 x8c hf y5e2 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b8 h8e gs4ce\"><div class=\"t m0 xa8 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">21,3 </div></div><div class=\"c w2ba h8e gs4cf\"><div class=\"t m0 x4 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">21,3 </div></div><div class=\"c w2b3 h3c gs4d0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Cassa pensioni <span class=\"_ _3\"></span>comunali Trieste </div></div><div class=\"c w2b9 h3c gs4d1\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h3c gs4d2\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1,2 </div></div><div class=\"c w2b8 h3c gs4d3\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1,2 </div></div><div class=\"c w2b9 h3c gs4d4\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1,2 </div></div><div class=\"c w2b8 h3c gs4d5\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w2ba h3c gs4d6\"><div class=\"t m0 xae hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1,5 </div></div><div class=\"c w2b3 h3c gs4d7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Data market exc<span class=\"_ _3\"></span>hange </div></div><div class=\"c w2b9 h3c gs4d8\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h3c gs4d9\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2b8 h3c gs4da\"><div class=\"t m0 x1c hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2b9 h3c gs4db\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b8 h3c gs4dc\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2ba h3c gs4dd\"><div class=\"t m0 x92 hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b3 h3c gs4de\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Settlement </div></div><div class=\"c w2b9 h3c gs4df\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h3c gs4e0\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b8 h3c gs4e1\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h3c gs4e2\"><div class=\"t m0 x8c hf y70 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b8 h3c gs4e3\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">154,1 </div></div><div class=\"c w2ba h3c gs4e4\"><div class=\"t m0 xb1 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">154,1 </div></div><div class=\"c w2b3 h3c gs4e5\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri minori </div></div><div class=\"c w2b9 h3c gs4e6\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w2b9 h3c gs4e7\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">12,7 </div></div><div class=\"c w2b8 h3c gs4e8\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">13,0 </div></div><div class=\"c w2b9 h3c gs4e9\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2b8 h3c gs4ea\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">11,8 </div></div><div class=\"c w2ba h3c gs4eb\"><div class=\"t m0 x4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">12,2 </div></div><div class=\"c w2b3 h3c gs4ec\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w2b9 h3c gs4ed\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w2b9 h3c gs4ee\"><div class=\"t m0 xa3 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">352,8 </div></div><div class=\"c w2b8 h3c gs4ef\"><div class=\"t m0 xa3 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">353,1 </div></div><div class=\"c w2b9 h3c gs4f0\"><div class=\"t m0 x1c h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">1,6 </div></div><div class=\"c w2b8 h3c gs4f1\"><div class=\"t m0 xa3 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">305,2 </div></div><div class=\"c w2ba h3c gs4f2\"><div class=\"t m0 xb1 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">306,8 </div></div><div class=\"c w2 h0 gs4b9\"><div class=\"t m0 x1b h5a ycdb ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Factoring, <span class=\"_ _f\"> </span>accoglie  princi<span class=\"_ _3\"></span>palmente  gli  i<span class=\"_ _3\"></span>ncassi  ancora <span class=\"_ _f\"> </span>da  tr<span class=\"_ _3\"></span>asferire <span class=\"_ _f\"> </span>a  fine  esercizio <span class=\"_ _f\"> </span>agli  i<span class=\"_ _3\"></span>stituti  fi<span class=\"_ _3\"></span>nanziari,  in </span></span></div><div class=\"t m0 x59 h3 y16e8 ff1 fs1 fc1 sc0 ls0 ws0\">relazione <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>crediti <span class=\"_ _6\"></span>oggetto <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span><span class=\"ls12\">ce</span>ssioni <span class=\"_ _7\"></span>pro-soluto <span class=\"_ _7\"></span><span class=\"ff5\">per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>G<span class=\"_ _3\"></span>ruppo <span class=\"_ _7\"></span>ha <span class=\"_ _6\"></span>ma<span class=\"_ _3\"></span>ntenuto <span class=\"_ _7\"></span>l\u2019attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>riscoss<span class=\"_ _5\"></span><span class=\"ff1\">ione <span class=\"_ _7\"></span>per </span></span></div><div class=\"t m0 x59 h3 y4a2 ff1 fs1 fc1 sc0 ls0 ws0\">conto delle societ\u00e0 di factor; </div><div class=\"t m0 x1b h5a y12e9 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Cassa <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>energetici <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>ambientali <span class=\"_ _6\"></span>(Cse<span class=\"_ _3\"></span>a), <span class=\"_ _7\"></span>accoglie <span class=\"_ _7\"></span>principalmente <span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>incassi <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>retrocedere <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>quanto </span></span></div><div class=\"t m0 x59 h3 y22d ff1 fs1 fc1 sc0 ls0 ws0\">gi\u00e0 anticipati dalla Csea in relazione alle rendicontazio<span class=\"_ _3\"></span>ni effettuate dal Gruppo per l<span class=\"_ _5\"></span><span class=\"ls10\">e </span>attivit\u00e0 s<span class=\"_ _3\"></span>volte sui mercati di </div><div class=\"t m0 x59 h3 y96 ff1 fs1 fc1 sc0 ls0 ws0\">vendita di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>ed energia e<span class=\"_ _5\"></span>lettrica <span class=\"_ _5\"></span>soggetti a <span class=\"_ _5\"></span>gara, dettagliate all<span class=\"_ _5\"></span>a nota <span class=\"_ _5\"></span>38 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre passivit\u00e0 correnti\u201d<span class=\"_ _5\"></span></span><span class=\"ls16\">, </span>alla <span class=\"_ _5\"></span>quale si </div><div class=\"t m0 x59 h3 y1218 ff1 fs1 fc1 sc0 ls0 ws0\">rimanda per maggiori <span class=\"_ _3\"></span>dettagli; </div><div class=\"t m0 x1b h5a y10d3 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">Settlement, <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>importi <span class=\"_ _d\"> </span>ricevuti <span class=\"_ _d\"> </span>come <span class=\"_ _d\"> </span>anticipi <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>termine <span class=\"_ _d\"> </span>dell\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>tati <span class=\"_ _e\"> </span>iscritti <span class=\"_ _f\"> </span>alla <span class=\"_ _e\"> </span>voce </span></span></div><div class=\"t m0 x59 h3 y5fc ff5 fs1 fc1 sc0 ls0 ws0\">\"Debiti commerciali\u201d, <span class=\"_ _3\"></span>come meglio precisat<span class=\"_ _3\"></span>o nel paragrafo 2.02.0<span class=\"_ _3\"></span>1 \u201cIntroduzione\u201d; <span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h5a yda7 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Altri <span class=\"_ _e\"></span>minori, <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>ccoglie <span class=\"_ _6\"></span>principalmente <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>debito <span class=\"_ _6\"></span>verso <span class=\"_ _e\"> </span>la <span class=\"_ _e\"></span>collegata <span class=\"_ _e\"></span>ASM <span class=\"_ _e\"></span>SET <span class=\"_ _6\"></span>S<span class=\"lsd\">rl</span> <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>la <span class=\"_ _e\"></span>gestione <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>tesoreria </span></span></div><div class=\"t m0 x59 h3 yda8 ff1 fs1 fc1 sc0 ls0 ws0\">centralizzata <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>3,7 <span class=\"_ _d\"> </span>milioni <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>euro <span class=\"_ _f\"> </span>(a <span class=\"_ _d\"> </span>credito <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _d\"> </span>2<span class=\"_ _5\"></span>023) <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span><span class=\"ff5\">debiti <span class=\"_ _f\"> </span>verso <span class=\"_ _d\"> </span>l\u2019</span>Erario <span class=\"_ _f\"> </span>relativ<span class=\"_ _3\"></span>amente </div></div><div class=\"c w2 h0 gs4f4\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x63 h3 y172 ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019incasso del <span class=\"_ _5\"></span>canone Rai <span class=\"_ _5\"></span>addebitato ai c<span class=\"_ _5\"></span>lienti nella bolletta <span class=\"_ _5\"></span>elettrica dalle s<span class=\"_ _5\"></span>ociet\u00e0 di <span class=\"_ _5\"></span>vendita del Gruppo<span class=\"_ _6\"></span><span class=\"ff1\"> per <span class=\"_ _5\"></span>3,5 </span></div><div class=\"t m0 x63 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">milioni di euro (6,4 milioni di eu<span class=\"_ _3\"></span>ro al 31 dicembre 2023). </div><div class=\"t m0 x10a h4e y1d66 ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y87e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y37e ff1 fs1 fc1 sc0 ls0 ws0\">Sono  riport<span class=\"_ _3\"></span>ate  le <span class=\"_ _f\"> </span>passivit\u00e0  finanziarie  di<span class=\"_ _3\"></span>stinte  per <span class=\"_ _f\"> </span>natura  al  31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>202<span class=\"_ _5\"></span>4,  con <span class=\"_ _f\"> </span>indicazione  d<span class=\"_ _3\"></span>elle  fasce  di<span class=\"_ _1\"></span> </div><div class=\"t m0 x23 h3 y37f ff1 fs1 fc1 sc0 ls0 ws0\">scadenza: </div><div class=\"t m0 x10a h4e y380 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w2c7 h8e gs4f5\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TIPOLOGIA </div></div><div class=\"c w2e3 h8e gs4f6\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">IMPORTO RESI<span class=\"_ _3\"></span>DUO </div><div class=\"t m0 x53 h13 y2e8 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w287 h8e gs4f7\"><div class=\"t m0 x1a3 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA ENTRO </div><div class=\"t m0 xa6 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">ESERCIZIO </div></div><div class=\"c w2e4 h8e gs4f8\"><div class=\"t m0 x1a3 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA ENTRO </div><div class=\"t m0 x53 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">2\u00b0 ANNO </div></div><div class=\"c w2e5 h8e gs4f9\"><div class=\"t m0 x1a3 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA ENTRO </div><div class=\"t m0 x53 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">5\u00b0 ANNO </div></div><div class=\"c w2e4 h8e gs4fa\"><div class=\"t m0 xd h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">QUOTA OLTRE </div><div class=\"t m0 x53 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">5\u00b0 ANNO </div></div><div class=\"c w2c7 h3c gs4fb\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Prestiti obbligazion<span class=\"_ _3\"></span>ari </div></div><div class=\"c w2e3 h3c gs4fc\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.414,4 </div></div><div class=\"c w287 h3c gs4fd\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">14,9 </div></div><div class=\"c w2e4 h3c gs4fe\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">318,7 </div></div><div class=\"c w2e5 h3c gs4ff\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.457,8 </div></div><div class=\"c w2e4 h3c gs500\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.623,0 </div></div><div class=\"c w2c7 h3c gs501\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Finanziamenti </div></div><div class=\"c w2e3 h3c gs502\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.148,9 </div></div><div class=\"c w287 h3c gs503\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">435,1 </div></div><div class=\"c w2e4 h3c gs504\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">112,1 </div></div><div class=\"c w2e5 h3c gs505\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">163,5 </div></div><div class=\"c w2e4 h3c gs506\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">438,2 </div></div><div class=\"c w2c7 h3c gs507\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Opzioni di vendita <span class=\"_ _3\"></span>soci di minoranza </div></div><div class=\"c w2e3 h3c gs508\"><div class=\"t m0 x90 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">290,8 </div></div><div class=\"c w287 h3c gs509\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">251,2 </div></div><div class=\"c w2e4 h3c gs50a\"><div class=\"t m0 x99 hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2e5 h3c gs50b\"><div class=\"t m0 xac hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">39,6 </div></div><div class=\"c w2e4 h3c gs50c\"><div class=\"t m0 x99 hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c7 h94 gs50d\"><div class=\"t m0 x0 hf y5e6 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti per acquisizi<span class=\"_ _3\"></span>one </div><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">partecipazioni di co<span class=\"_ _3\"></span>ntrollo e </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">corrispettivi potenzi<span class=\"_ _3\"></span>ali </div></div><div class=\"c w2e3 h94 gs50e\"><div class=\"t m0 x19 hf y5e7 ff4 fs3 fc1 sc0 ls0 ws0\">22,2 </div></div><div class=\"c w287 h94 gs50f\"><div class=\"t m0 xac hf y5e7 ff4 fs3 fc1 sc0 ls0 ws0\">20,8 </div></div><div class=\"c w2e4 h94 gs510\"><div class=\"t m0 x94 hf y5e7 ff4 fs3 fc1 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w2e5 h94 gs511\"><div class=\"t m0 x94 hf y5e7 ff4 fs3 fc1 sc0 ls0 ws0\">1,0 </div></div><div class=\"c w2e4 h94 gs512\"><div class=\"t m0 x99 hf y5e7 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c7 h3c gs513\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri debiti finanziari<span class=\"_ _3\"></span> </div></div><div class=\"c w2e3 h3c gs514\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">353,1 </div></div><div class=\"c w287 h3c gs515\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">352,8 </div></div><div class=\"c w2e4 h3c gs516\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2e5 h3c gs517\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2e4 h3c gs518\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2c7 h8e gs519\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Scoperti di conto c<span class=\"_ _3\"></span>orrente e </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">interessi passivi </div></div><div class=\"c w2e3 h8e gs51a\"><div class=\"t m0 x90 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">151,9 </div></div><div class=\"c w287 h8e gs51b\"><div class=\"t m0 x30 hf y5e2 ff4 fs3 fc1 sc0 ls0 ws0\">151,9 </div></div><div class=\"c w2e4 h8e gs51c\"><div class=\"t m0 x99 hf y5e2 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2e5 h8e gs51d\"><div class=\"t m0 x99 hf y5e2 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2e4 h8e gs51e\"><div class=\"t m0 x99 hf y5e2 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c7 h98 gs51f\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w2e3 h98 gs520\"><div class=\"t m0 xfd h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">5.381,3 </div></div><div class=\"c w287 h98 gs521\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">1.226,7 </div></div><div class=\"c w2e4 h98 gs522\"><div class=\"t m0 x30 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">431,3 </div></div><div class=\"c w2e5 h98 gs523\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">1.662,0 </div></div><div class=\"c w2e4 h98 gs524\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">2.061,3 </div></div><div class=\"c w2 h0 gs4f4\"><div class=\"t m0 x23 h3 y1d6a ff1 fs1 fc1 sc0 ls0 ws0\">Nella <span class=\"_ _d\"> </span>t<span class=\"_ _5\"></span>abella <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>segue <span class=\"_ _d\"> </span>viene <span class=\"_ _f\"> </span>rappresentato <span class=\"_ _d\"> </span>il <span class=\"_ _f\"> </span>worst<span class=\"_ _5\"></span>-case <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>cenario <span class=\"_ _d\"> </span>dove <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>(liquidit\u00e0, <span class=\"_ _d\"> </span>crediti <span class=\"_ _f\"> </span>finanziari <span class=\"_ _d\"> </span>e </div><div class=\"t m0 x23 h3 y1d6b ff1 fs1 fc1 sc0 ls0 ws0\">commerciali) <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>prese <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>considerazione,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>mentre <span class=\"_ _6\"></span>veng<span class=\"_ _3\"></span>ono <span class=\"_ _6\"></span>riportat<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>passi<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _6\"></span>finanziarie<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>obbligazioni, </div><div class=\"t m0 x23 h3 y826 ff1 fs1 fc1 sc0 ls0 ws0\">finanziamenti e scoperti di conto corrente, nella quota capitale e interessi, i debiti commerci<span class=\"_ _3\"></span>ali e <span class=\"_ _5\"></span>le quote interessi dei </div><div class=\"t m0 x23 h3 y1d6c ff1 fs1 fc1 sc0 ls0 ws0\">contratti derivati su <span class=\"_ _5\"></span>tassi. \u00c8 <span class=\"_ _5\"></span>stata ipotizzata la revoca <span class=\"_ _5\"></span>a vista delle <span class=\"_ _5\"></span>linee finanziarie, mentre per i f<span class=\"_ _5\"></span>inanziamenti \u00e8 stato </div><div class=\"t m0 x23 h3 y1d6d ff1 fs1 fc1 sc0 ls0 ws0\">ipotizzato il rimborso a<span class=\"_ _3\"></span>lla prima data prevista<span class=\"_ _3\"></span> dai termini contratt<span class=\"_ _3\"></span>uali<span class=\"_ _5\"></span>. </div><div class=\"t m0 x23 h3 y15c5 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2b3 h3c gs525\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">WORST CASE SC<span class=\"_ _3\"></span>ENARIO </div></div><div class=\"c w9d h3c gs526\"><div class=\"t m0 x1a h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w9d h3c gs527\"><div class=\"t m0 x1a h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2b3 h8e gs528\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(MLN/EURO) </div></div><div class=\"c w2b8 h8e gs529\"><div class=\"t m0 x15 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">DA 1 A 3 MESI </div></div><div class=\"c w2b9 h8e gs52a\"><div class=\"t m0 x17 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">OLTRE 3 MESI </div><div class=\"t m0 x9f h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">FINO A 1 ANNO </div></div><div class=\"c w2b8 h8e gs52b\"><div class=\"t m0 x15 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">DA 1 A 2 ANNI </div></div><div class=\"c w2b9 h8e gs52c\"><div class=\"t m0 x15 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">DA 1 A 3 MESI </div></div><div class=\"c w2b9 h8e gs52d\"><div class=\"t m0 x17 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">OLTRE 3 MESI </div><div class=\"t m0 x9f h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">FINO A 1 ANNO </div></div><div class=\"c w2d0 h8e gs52e\"><div class=\"t m0 x14 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">DA 1 A 2 ANNI </div></div><div class=\"c w2b3 h3c gs52f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Obbligazioni </div></div><div class=\"c w2b8 h3c gs530\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">31,1 </div></div><div class=\"c w2b9 h3c gs531\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">102,3 </div></div><div class=\"c w2b8 h3c gs532\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">412,2 </div></div><div class=\"c w2b9 h3c gs533\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">33,2 </div></div><div class=\"c w2b9 h3c gs534\"><div class=\"t m0 xa3 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">536,2 </div></div><div class=\"c w2d0 h3c gs535\"><div class=\"t m0 xb1 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">102,3 </div></div><div class=\"c w2b3 h3c gs536\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti e altre passivit\u00e0 fin<span class=\"_ _3\"></span>anziarie </div></div><div class=\"c w2b8 h3c gs537\"><div class=\"t m0 xa3 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">163,7 </div></div><div class=\"c w2b9 h3c gs538\"><div class=\"t m0 xa3 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">458,7 </div></div><div class=\"c w2b8 h3c gs539\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">70,1 </div></div><div class=\"c w2b9 h3c gs53a\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">98,0 </div></div><div class=\"c w2b9 h3c gs53b\"><div class=\"t m0 xa8 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">81,9 </div></div><div class=\"c w2d0 h3c gs53c\"><div class=\"t m0 xb1 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">444,9 </div></div><div class=\"c w2b3 h3c gs53d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti verso fornitori<span class=\"_ _3\"></span> </div></div><div class=\"c w2b8 h3c gs53e\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">2.723,9 </div></div><div class=\"c w2b9 h3c gs53f\"><div class=\"t m0 x8c hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b8 h3c gs540\"><div class=\"t m0 x8c hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b9 h3c gs541\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">2.637,2 </div></div><div class=\"c w2b9 h3c gs542\"><div class=\"t m0 x8c hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2d0 h3c gs543\"><div class=\"t m0 x92 hf y66 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2b3 h3c gs544\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w2b8 h3c gs545\"><div class=\"t m0 x16 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">2.918,8 </div></div><div class=\"c w2b9 h3c gs546\"><div class=\"t m0 xa3 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">561,0 </div></div><div class=\"c w2b8 h3c gs547\"><div class=\"t m0 xa3 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">482,3 </div></div><div class=\"c w2b9 h3c gs548\"><div class=\"t m0 x16 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">2.768,4 </div></div><div class=\"c w2b9 h3c gs549\"><div class=\"t m0 xa3 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">618,1 </div></div><div class=\"c w2d0 h3c gs54a\"><div class=\"t m0 xb1 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">547,2 </div></div><div class=\"c w2 h0 gs4f4\"><div class=\"t m0 x23 h3 y1c62 ff5 fs1 fc1 sc0 ls0 ws0\">Le d<span class=\"_ _5\"></span>isponibilit\u00e0 liquide e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>linee di <span class=\"_ _5\"></span>credito attuali, <span class=\"_ _5\"></span>oltre <span class=\"_ _5\"></span>alle risorse <span class=\"_ _5\"></span>generate dall\u2019attivit\u00e0 operativa <span class=\"_ _5\"></span>e di <span class=\"_ _5\"></span>finanziament<span class=\"_ _6\"></span><span class=\"ff1\">o,<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y1257 ff1 fs1 fc1 sc0 ls0 ws0\">sono <span class=\"_ _6\"></span>giudicate <span class=\"_ _6\"></span>sufficienti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>far <span class=\"_ _6\"></span>fronte <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fabbisogni <span class=\"_ _6\"></span>finanziari <span class=\"_ _6\"></span>futuri. <span class=\"_ _d\"> </span>Di <span class=\"_ _6\"></span>seguito <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>riepilogo <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>credito <span class=\"_ _6\"></span>a </div><div class=\"t m0 x23 h3 y35d ff1 fs1 fc1 sc0 ls0 ws0\">disposizione al 31 di<span class=\"_ _3\"></span>cembre 2024<span class=\"ff5\">, confrontate con l\u2019esercizio<span class=\"_ _3\"></span> precedente:<span class=\"ff1\"> </span></span></div></div><div class=\"c wd3 h90 gs54b\"><div class=\"t m0 x64 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c wd3 h90 gs54c\"><div class=\"t m0 x64 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c wd2 h3c gs54d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Committed </div></div><div class=\"c wd3 h3c gs54e\"><div class=\"t m0 x23 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.005,0 </div></div><div class=\"c wd3 h3c gs54f\"><div class=\"t m0 x23 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.565,0 </div></div><div class=\"c wd2 h3c gs550\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Uncommited </div></div><div class=\"c wd3 h3c gs551\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">720,0 </div></div><div class=\"c wd3 h3c gs552\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">752,0 </div></div><div class=\"c wd2 h3c gs553\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c wd3 h3c gs554\"><div class=\"t m0 x23 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">1.725,0 </div></div><div class=\"c wd3 h3c gs555\"><div class=\"t m0 x23 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">2.317,0 </div></div><div class=\"c w2 h0 gs4f4\"><div class=\"t m0 x23 h3 y1bf8 ff1 fs1 fc1 sc0 ls10 ws0\">Le<span class=\"ls0\"> <span class=\"_ _6\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>credito <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>distribuite <span class=\"_ _6\"></span>fra <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>principali <span class=\"_ _6\"></span>istituti <span class=\"_ _6\"></span>bancari <span class=\"_ _6\"></span>italiani <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>internazionali <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>consentono <span class=\"_ _d\"> </span><span class=\"ff5\">un\u2019adeguata </span></span></div><div class=\"t m0 x23 h3 yb15 ff1 fs1 fc1 sc0 ls0 ws0\">diversificazione del<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>rischio <span class=\"_ _5\"></span>controparte <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>condizioni <span class=\"_ _5\"></span>competitive.<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">Ne<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>202</span>4, <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>particolare, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>stata </div><div class=\"t m0 x23 h3 y1159 ff1 fs1 fc1 sc0 ls0 ws0\">utilizzata <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>linea <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>credito <span class=\"_ _d\"> </span>contrattualizzata <span class=\"_ _d\"> </span>nel <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>precedente<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>con<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>Banca <span class=\"_ _d\"> </span>europea <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>gli <span class=\"_ _d\"> </span>investimenti<span class=\"ls25\">, </span></div><div class=\"t m0 x23 h3 y1d6f ff5 fs1 fc1 sc0 ls0 ws0\">mediante  l\u2019a<span class=\"_ _3\"></span>cce<span class=\"ff1\">nsione  di  un <span class=\"_ _f\"> </span>finanziamento  per  460  mil<span class=\"_ _3\"></span>ioni  di <span class=\"_ _f\"> </span>euro,  come  riportato <span class=\"_ _f\"> </span>nel  commento  sui  <span class=\"ff5\">\u201cPrestiti<span class=\"_ _3\"></span> </span></span></div><div class=\"t m0 x23 h3 y17cf ff1 fs1 fc1 sc0 ls0 ws0\">obbligazionari e finan<span class=\"_ _3\"></span>ziamenti<span class=\"ff5 lsd\">\u201d.</span> </div><div class=\"t m0 x23 h3 y3fd ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1504 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y1d70 ff3 fs1 fc1 sc0 ls0 ws0\">Fidejussioni e garan<span class=\"_ _3\"></span>zie prestate </div></div><div class=\"c wd3 h3c gs556\"><div class=\"t m0 x64 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c wd3 h3c gs557\"><div class=\"t m0 x64 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c wd2 h3c gs558\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fidejussioni e gara<span class=\"_ _3\"></span>nzie bancarie </div></div><div class=\"c wd3 h3c gs559\"><div class=\"t m0 x23 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.054,4 </div></div><div class=\"c wd3 h3c gs55a\"><div class=\"t m0 x23 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2.951,4 </div></div><div class=\"c wd2 h3c gs55b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fidejussioni e gara<span class=\"_ _3\"></span>nzie assicurative </div></div><div class=\"c wd3 h3c gs55c\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">827,5 </div></div><div class=\"c wd3 h3c gs55d\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">987,5 </div></div><div class=\"c wd2 h3c gs55e\"><div class=\"t m0 x0 h13 yfdd ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c wd3 h3c gs55f\"><div class=\"t m0 x23 h13 yfde ff2 fs3 fc1 sc0 ls0 ws0\">3.881,9 </div></div><div class=\"c wd3 h3c gs560\"><div class=\"t m0 x23 h13 yfde ff2 fs3 fc1 sc0 ls0 ws0\">3.938,9<span class=\"_ _75\"> </span> </div></div>\u201cFidejussioni <span class=\"_ _e\"> </span>e <span class=\"_ _f\"> </span>gar<span class=\"_ _3\"></span>anzie <span class=\"_ _d\"> </span>bancarie\u201d, <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _7\"></span><span class=\"ff1\">4<span class=\"ls1e\">, <span class=\"_ _f\"> </span></span>confro<span class=\"_ _3\"></span>ntato <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>precedente, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>cos\u00ec </span>composto: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Fidejussioni ban<span class=\"_ _3\"></span>carie 1.023,2 1.075,8 Lettere di patronag<span class=\"_ _3\"></span>e 2.031,2 1.875,6 Totale 3.054,4 2.951,4<span class=\"_ _75\"> </span> In particolare: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le <span class=\"_ _d\"> </span>fidejussioni <span class=\"_ _d\"> </span>bancarie <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>sottoscritte <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>favore <span class=\"_ _d\"> </span>di  <span class=\"ff5\">enti <span class=\"_ _e\"> </span>pubblici <span class=\"_ _d\"> </span>(Ministero <span class=\"_ _d\"> </span>dell\u2019ambiente <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _d\"> </span>sicurezza </span></span></span>energetica,  Regioni,<span class=\"_ _3\"></span>  Province  e  Comuni) <span class=\"_ _f\"> </span>e  di  privati  a  garanzia  della  corretta<span class=\"_ _3\"></span>  gestione  di  impianti <span class=\"_ _f\"> </span>per <span class=\"_ _4\"> </span>il trattamento <span class=\"_ _2\"> </span>e <span class=\"_ _1d\"> </span>lo <span class=\"_ _2\"> </span>sma<span class=\"_ _5\"></span>ltimento<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>di <span class=\"_ _2\"> </span>rifiuti, <span class=\"_ _1d\"> </span>della <span class=\"_ _2\"> </span>corretta <span class=\"_ _2\"> </span>e<span class=\"_ _5\"></span>secuzione <span class=\"_ _2\"> </span>di <span class=\"_ _1d\"> </span>servizi <span class=\"_ _2\"> </span>inerenti <span class=\"_ _1d\"> </span>l<span class=\"_ _3\"></span>o <span class=\"_ _1d\"> </span>smaltim<span class=\"_ _3\"></span>ento <span class=\"_ _1d\"> </span>e l\u2019intermediazione dei r<span class=\"_ _5\"></span>ifiuti, per <span class=\"_ _5\"></span>lavori di b<span class=\"_ _5\"></span>onifica e per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corretto assolvimento di <span class=\"_ _5\"></span>impegni contrattuali<span class=\"_ _7\"></span><span class=\"ff1\"> s<span class=\"_ _5\"></span>ui mercati </span>all\u2019ingrosso delle commo<span class=\"_ _3\"></span>dity energetich<span class=\"_ _3\"></span>e<span class=\"_ _5\"></span><span class=\"ff1\">; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le <span class=\"_ _5\"></span>lettere d<span class=\"_ _5\"></span>i patronage <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>rilasciate <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>garanzia del <span class=\"_ _5\"></span>puntuale p<span class=\"_ _5\"></span>agamento<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>approvvigionamenti<span class=\"_ _3\"></span> </span></span>di materie prime e di servi<span class=\"_ _3\"></span>zi di trasporto e distrib<span class=\"_ _3\"></span>uzione di commodity energet<span class=\"_ _3\"></span>iche<span class=\"_ _5\"></span>. \u201cFidejussioni e <span class=\"_ _5\"></span>garanzie assicurative\u201d, rilasciate a<span class=\"_ _5\"></span> favore <span class=\"_ _5\"></span>di enti <span class=\"_ _5\"></span>pubblici (<span class=\"_ _5\"></span>Provi<span class=\"_ _3\"></span>nce, <span class=\"_ _5\"></span>Comuni e <span class=\"_ _5\"></span>Ministero dell\u2019ambiente<span class=\"_ _7\"></span><span class=\"ff1\"> </span>e <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>sicurezza <span class=\"_ _5\"></span>energetica)<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>terzi <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>garanzia <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>corretta <span class=\"_ _5\"></span>ges<span class=\"_ _5\"></span>tione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>pubblica <span class=\"_ _7\"></span>utilit\u00e0, <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di smaltimento r<span class=\"_ _5\"></span>ifiuti, <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>corretta <span class=\"_ _5\"></span>esecuzione <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>opere d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>attraversament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>condutture <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>propriet\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>privati, d<span class=\"_ _5\"></span>i lavori di bonifica, di im<span class=\"_ _3\"></span>pianti per il trattame<span class=\"_ _3\"></span>nto e lo smaltimento di<span class=\"_ _3\"></span> rifiuti<span class=\"_ _5\"></span>. Si <span class=\"_ _e\"></span>segnala, <span class=\"_ _6\"></span>infine, <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _e\"></span>2024 <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>Hera <span class=\"_ _6\"></span>ha <span class=\"_ _e\"></span>prestato <span class=\"_ _e\"></span>garanzie <span class=\"_ _6\"></span>reali <span class=\"_ _6\"></span>destinate <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>fornire <span class=\"_ _6\"></span>idonea copertura ad alcuni fin<span class=\"_ _3\"></span>anziamenti bancari, per complessivi 11,1 milioni di<span class=\"_ _3\"></span> euro. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "<div class=\"c w2 h0 gs481\"><div class=\"t m0 x1b h3 y12b3 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cPrestiti <span class=\"_ _7\"></span>obbligazionari <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>finanziamenti\u201d,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>nella <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>corrente <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>movimentano<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _7\"></span>ol<span class=\"_ _5\"></span>tre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>riclassifica <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ella </span></div><div class=\"t m0 x1b h3 ya65 ff1 fs1 fc1 sc0 ls0 ws0\">parte <span class=\"_ _7\"></span>corrente <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>quote <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>finanziamenti <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _5\"></span>successivo,</span> <span class=\"_ _7\"></span><span class=\"ff5\">principalmente <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019effetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span></span>i <span class=\"_ _7\"></span>un </div><div class=\"t m0 x1b h3 y1c89 ff1 fs1 fc1 sc0 ls0 ws0\">finanziamento <span class=\"_ _5\"></span>per 460 <span class=\"_ _7\"></span>milioni <span class=\"ls10\">di</span> <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>concesso <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>Banca <span class=\"_ _5\"></span>europea per <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>investimenti<span class=\"ls1e\">, <span class=\"_ _7\"></span></span>a <span class=\"_ _5\"></span>tasso fi<span class=\"_ _5\"></span>sso e <span class=\"_ _5\"></span>rimborso <span class=\"_ _5\"></span>al </div><div class=\"t m0 x1b h3 y12b4 ff1 fs1 fc1 sc0 ls0 ws0\">2040, sottoscritto <span class=\"_ _5\"></span><span class=\"lse\">al</span> <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span><span class=\"ls10\">di</span> accelerare <span class=\"_ _5\"></span><span class=\"ls23\">la</span> <span class=\"_ _5\"></span>transizione <span class=\"_ _5\"></span>ecologica e <span class=\"_ _5\"></span>contribuire alla <span class=\"_ _5\"></span>lotta c<span class=\"_ _5\"></span>ontro <span class=\"lsf\">il</span> <span class=\"_ _5\"></span>cambiamento climatico </div><div class=\"t m0 x1b h3 y1c8a ff1 fs1 fc1 sc0 ls10 ws0\">nei<span class=\"ls0\"> <span class=\"_ _6\"></span>territori <span class=\"_ _6\"></span>serviti <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>Gruppo. <span class=\"_ _6\"></span><span class=\"ls1e\">In</span> <span class=\"_ _e\"></span>particolare, <span class=\"_ _6\"></span><span class=\"lsf\">il</span> <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>nanziamento <span class=\"_ _6\"></span>consentir\u00e0 <span class=\"_ _6\"></span><span class=\"lse\">di<span class=\"_ _5\"></span></span> <span class=\"_ _6\"></span>migliorare <span class=\"_ _e\"></span><span class=\"ls23\">la</span> <span class=\"_ _e\"></span>resilienza <span class=\"_ _6\"></span></span>del<span class=\"ls0\"> <span class=\"_ _6\"></span>ciclo <span class=\"_ _e\"></span>idrico </span></div><div class=\"t m0 x1b h3 y1c8b ff1 fs1 fc1 sc0 ls0 ws0\">integrato, <span class=\"_ _5\"></span>favorire <span class=\"ff5\">l\u2019efficienza</span> <span class=\"_ _5\"></span>energetica, <span class=\"lsf\">la</span> <span class=\"_ _5\"></span>decarbonizzazi<span class=\"_ _3\"></span>one <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019economia</span> circolare <span class=\"_ _5\"></span>e potenziare <span class=\"_ _5\"></span><span class=\"lsf\">il</span> trattamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span><span class=\"ls23\">la</span> </div><div class=\"t m0 x1b h3 yc78 ff1 fs1 fc1 sc0 ls0 ws0\">raccolta dei rifiuti, <span class=\"ff5\">nell\u2019ambit<span class=\"_ _3\"></span>o<span class=\"ff1\"> <span class=\"lse\">di<span class=\"_ _5\"></span></span> oltre <span class=\"lse\">60</span> progettualit\u00e0 allineat<span class=\"_ _3\"></span>e alla tassonomia europea. </span></span></div><div class=\"t m0 x1b h3 y1c4a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1c8c ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>comprende, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _5\"></span><span class=\"ff5\">il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>dell\u2019opzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita, p<span class=\"_ _5\"></span>ari a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>5<span class=\"_ _5\"></span></span>5,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>correlata <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>partecipazion<span class=\"_ _3\"></span>e </div><div class=\"t m0 x1b h3 y1693 ff1 fs1 fc1 sc0 ls0 ws0\">di  minoranza  del  3%  di  Ascopiave  Spa  in  Hera  C<span class=\"_ _3\"></span>omm  Spa  che,  per  effett<span class=\"_ _3\"></span>o  delle  disposizioni  contrattuali,<span class=\"_ _3\"></span>  \u00e8 </div><div class=\"t m0 x1b h3 y1c8d ff1 fs1 fc1 sc0 ls0 ws0\">classificata <span class=\"_ _f\"> </span>come  finanziam<span class=\"_ _3\"></span>ento  e <span class=\"_ _f\"> </span>valutata <span class=\"_ _f\"> </span>secondo  il <span class=\"_ _f\"> </span>metodo  del <span class=\"_ _f\"> </span>costo  amm<span class=\"_ _3\"></span>ortizzato. <span class=\"_ _4\"> </span>Tale  debito, <span class=\"_ _f\"> </span>del  valore </div><div class=\"t m0 x1b h3 ya35 ff1 fs1 fc1 sc0 ls0 ws0\">nominale di <span class=\"_ _5\"></span>54 milioni di <span class=\"_ _5\"></span>euro, si <span class=\"_ _5\"></span>incrementa per effetto della componente f<span class=\"_ _5\"></span>inanziaria valutativ<span class=\"_ _3\"></span>a e <span class=\"_ _5\"></span>si decrementa per <span class=\"_ _5\"></span>i </div><div class=\"t m0 x1b h3 y5f1 ff1 fs1 fc1 sc0 ls0 ws0\">dividendi corrisposti:<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 y1c8e ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w3b h8e gs483\"><div class=\"t m0 xfd h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">VALORE  </div><div class=\"t m0 xfd h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">INIZIALE </div></div><div class=\"c w3c h8e gs484\"><div class=\"t m0 x8c h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ONERI  </div><div class=\"t m0 x2b h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">FINANZIARI </div></div><div class=\"c w3b h8e gs485\"><div class=\"t m0 x30 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FLUSSI </div><div class=\"t m0 xa2 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">CORRISPOSTI </div></div><div class=\"c w3d h8e gs486\"><div class=\"t m0 xfd h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">VALORE  </div><div class=\"t m0 x30 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">FINALE </div></div><div class=\"c w3a h3c gs487\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Esercizio 2023 </div></div><div class=\"c w3b h3c gs488\"><div class=\"t m0 x91 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">54,8 </div></div><div class=\"c w3c h3c gs489\"><div class=\"t m0 x7 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3,2 </div></div><div class=\"c w3b h3c gs48a\"><div class=\"t m0 x64 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(2,7) </div></div><div class=\"c w3d h3c gs48b\"><div class=\"t m0 x91 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">55,3 </div></div><div class=\"c w3a h3c gs48c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Esercizio 2024 </div></div><div class=\"c w3b h3c gs48d\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">55,3 </div></div><div class=\"c w3c h3c gs48e\"><div class=\"t m0 x7 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">3,2 </div></div><div class=\"c w3b h3c gs48f\"><div class=\"t m0 x64 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(2,7) </div></div><div class=\"c w3d h3c gs490\"><div class=\"t m0 x91 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">55,8 </div></div><div class=\"c w2 h0 gs491\"><div class=\"t m0 x1b h3 ydc4 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>corrente <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span><span class=\"ff5 lsd\">\u201cP<span class=\"ls0\">restiti <span class=\"_ _5\"></span>obbligazionari <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d <span class=\"_ _6\"></span></span></span>accoglie <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>quote<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">scadenti <span class=\"_ _5\"></span>entro <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>\u2019esercizio <span class=\"_ _7\"></span>successiv<span class=\"ff1\">o </span></span></div><div class=\"t m0 x1b h3 y1266 ff1 fs1 fc1 sc0 ls0 ws0\">dei debiti a <span class=\"_ _5\"></span>medio e lungo termine, oltre ad un <span class=\"_ _5\"></span>prestito obbligazionario<span class=\"_ _3\"></span> per un valore no<span class=\"_ _5\"></span>minale resid<span class=\"_ _3\"></span>uo di 15 <span class=\"_ _5\"></span>milioni di </div><div class=\"t m0 x1b h3 y19e ff1 fs1 fc1 sc0 ls0 ws0\">euro in scadenza a maggio 20<span class=\"_ _3\"></span>25. Rispetto al 31 dicembre <span class=\"_ _3\"></span>2023 si evidenzia il rimb<span class=\"_ _3\"></span>orso d<span class=\"_ _5\"></span>i: </div><div class=\"t m0 x1b h5a yc17 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">un prestito obbligazi<span class=\"_ _3\"></span>onario (nella forma di green bond<span class=\"lsd\">) </span>avente un<span class=\"_ _3\"></span> nozionale residuo di 288,3<span class=\"_ _3\"></span> milioni di euro;   </span></span></div><div class=\"t m0 x1b h5a ybc3 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 ls10\">un <span class=\"ls0\">prestito obb<span class=\"_ _5\"></span>ligazion<span class=\"_ _3\"></span>ario d<span class=\"_ _5\"></span>enominato<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>in y<span class=\"_ _5\"></span>en <span class=\"_ _5\"></span>giapponesi <span class=\"_ _5\"></span>avente un <span class=\"_ _5\"></span>nozionale residuo <span class=\"_ _5\"></span>di 20 <span class=\"_ _5\"></span>miliardi <span class=\"_ _5\"></span>di yen<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>pari </span></span></span></div><div class=\"t m0 x59 h3 ybc4 ff1 fs1 fc1 sc0 ls0 ws0\">a 149,8 milioni di euro (convertit<span class=\"_ _3\"></span>o al tasso di cambio orig<span class=\"_ _3\"></span>inario oggetto di cop<span class=\"_ _3\"></span>ertura)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span> </div><div class=\"t m0 x1b h3 y5a4 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 yb76 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div><div class=\"c w2 h0 gs493\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Si evidenzia<span class=\"ls10\">no</span> di segui<span class=\"_ _3\"></span>to le principali condizi<span class=\"_ _3\"></span>oni dei prestiti obbli<span class=\"_ _3\"></span>gazionari in essere al 31<span class=\"_ _5\"></span> dicemb<span class=\"_ _3\"></span>re 2024: </div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2de h8e gs494\"><div class=\"t m0 x0 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">PRESTITI OBBLIG<span class=\"_ _3\"></span>AZIONARI </div></div><div class=\"c w2df h8e gs495\"><div class=\"t m0 x53 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">DURATA </div><div class=\"t m0 xfd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">(ANNI) </div></div><div class=\"c wec h8e gs496\"><div class=\"t m0 xb2 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">SCADENZA </div></div><div class=\"c w2e0 h8e gs497\"><div class=\"t m0 xa3 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">VALORE </div><div class=\"t m0 x15 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">NOMINALE (ML<span class=\"_ _3\"></span>N) </div></div><div class=\"c w2e1 h8e gs498\"><div class=\"t m0 x53 h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">CEDOLA </div></div><div class=\"c w2e0 h8e gs499\"><div class=\"t m0 xdb h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">TASSO  </div><div class=\"t m0 x16 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">ANNUALE </div></div><div class=\"c w2de h3c gs49a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Sustainability lin<span class=\"_ _3\"></span>ked-bond </div></div><div class=\"c w2df h3c gs49b\"><div class=\"t m0 xac hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">12.5 </div></div><div class=\"c wec h3c gs49c\"><div class=\"t m0 xa6 hf y66 ff4 fs3 fc1 sc0 ls1 ws0\">25<span class=\"ls0\">-</span>apr<span class=\"ls0\">-<span class=\"_ _3\"></span>2034 </span></div></div><div class=\"c w2e0 h3c gs49d\"><div class=\"t m0 xdb hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">500 Eur </div></div><div class=\"c w2e1 h3c gs49e\"><div class=\"t m0 xb hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Fissa, annuale </div></div><div class=\"c w2e0 h3c gs49f\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1,00% </div></div><div class=\"c w2de h90 gs4a0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Sustainability lin<span class=\"_ _3\"></span>ked-bond </div></div><div class=\"c w2df h90 gs4a1\"><div class=\"t m0 x64 hf y66 ff4 fs3 fc1 sc0 ls1 ws0\">10<span class=\"ls0\"> </span></div></div><div class=\"c wec h90 gs4a2\"><div class=\"t m0 xa6 hf y66 ff4 fs3 fc1 sc0 ls1 ws0\">20<span class=\"ls0\">-</span>apr<span class=\"ls0\">-<span class=\"_ _3\"></span>2033 </span></div></div><div class=\"c w2e0 h90 gs4a3\"><div class=\"t m0 xdb hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">600 Eur </div></div><div class=\"c w2e1 h90 gs4a4\"><div class=\"t m0 xb hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Fissa, annuale </div></div><div class=\"c w2e0 h90 gs4a5\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">4,25% </div></div><div class=\"c w2de h3c gs4a6\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Bond </div></div><div class=\"c w2df h3c gs4a7\"><div class=\"t m0 x64 hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">12<span class=\"ls0\"> </span></div></div><div class=\"c wec h3c gs4a8\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">22<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>5 </span></div></div><div class=\"c w2e0 h3c gs4a9\"><div class=\"t m0 x1 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">15 Eur </div></div><div class=\"c w2e1 h3c gs4aa\"><div class=\"t m0 xb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Fissa, annuale </div></div><div class=\"c w2e0 h3c gs4ab\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3,5% </div></div><div class=\"c w2de h3c gs4ac\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Green Bond </div></div><div class=\"c w2df h3c gs4ad\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">7 </div></div><div class=\"c wec h3c gs4ae\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">25<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>9 </span></div></div><div class=\"c w2e0 h3c gs4af\"><div class=\"t m0 xdb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">500 Eur </div></div><div class=\"c w2e1 h3c gs4b0\"><div class=\"t m0 xb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Fissa, annuale </div></div><div class=\"c w2e0 h3c gs4b1\"><div class=\"t m0 x90 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2,5% </div></div><div class=\"c w2de h3c gs4b2\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Bond </div></div><div class=\"c w2df h3c gs4b3\"><div class=\"t m0 x64 hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">10<span class=\"ls0\"> </span></div></div><div class=\"c wec h3c gs4b4\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc1 sc0 ls1 ws0\">14<span class=\"ls0\">-ott-2026 </span></div></div><div class=\"c w2e0 h3c gs4b5\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">325,44 Eur </div></div><div class=\"c w2e1 h3c gs4b6\"><div class=\"t m0 xb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Fissa, annuale </div></div><div class=\"c w2e0 h3c gs4b7\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,875%<span class=\"_ _75\"> </span> </div></div>Bond 10<span class=\"ls0\"> </span>03<span class=\"ls0\">-dic-2030 </span>500 Eur Fissa, annuale 0,25% Bond* 15/20 14<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>7/2032 </span>102,5 Eur Fissa, annuale 5,25% Green Bond 8 05<span class=\"ls0\">-lug-2027<span class=\"_ _3\"></span> </span>357,2 Eur Fissa, annuale 0,875% Bond 15<span class=\"ls0\"> </span>29<span class=\"ls0\">-gen-2028<span class=\"_ _3\"></span> </span>599,02 Eur Fissa, annuale 5,20% * Strumento non quotato Al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _5\"></span>4 <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>prestiti <span class=\"_ _e\"> </span>obbligazionari <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>essere<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>presentano <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>nominale <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>3.499,1 <span class=\"_ _e\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>euro (3.937,2 <span class=\"_ _5\"></span>milioni di<span class=\"_ _5\"></span> euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2023)<span class=\"_ _5\"></span>, un <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di iscrizione <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo ammortizzato <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span><span class=\"ls10\">3.</span>414,4 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro (3.804,5 <span class=\"_ _5\"></span>milioni di euro<span class=\"_ _5\"></span> al <span class=\"_ _5\"></span>31 dicembre <span class=\"_ _5\"></span>2023)<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>e un <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value di <span class=\"_ _5\"></span><span class=\"lse\">3.<span class=\"_ _5\"></span></span>382,2 <span class=\"_ _5\"></span>milioni di e<span class=\"_ _5\"></span>uro (<span class=\"_ _5\"></span><span class=\"lse\">3.</span>737,7 <span class=\"_ _5\"></span>al 31 <span class=\"_ _5\"></span>dicembre 2023<span class=\"_ _5\"></span><span class=\"ls59\">) </span>determinato dalle quot<span class=\"_ _3\"></span>azioni di mercato ove dis<span class=\"_ _3\"></span>ponibili.<span class=\"_ _5\"></span> Su <span class=\"_ _5\"></span>alcuni <span class=\"_ _5\"></span>finanziamenti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>presenti <span class=\"_ _5\"></span>covenant <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>prevedono <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>mite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>corporate <span class=\"_ _5\"></span>rating, <span class=\"_ _5\"></span>il<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>quale <span class=\"_ _5\"></span>deve essere <span class=\"_ _7\"></span>valutato, <span class=\"_ _7\"></span>anche <span class=\"_ _6\"></span>solo <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>un\u2019agenzia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>rating, <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>on <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>sotto <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>livello <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>Investment <span class=\"_ _6\"></span>gr<span class=\"_ _3\"></span>ade <span class=\"_ _7\"></span>(BBB<span class=\"_ _6\"></span><span class=\"ff1\">-). </span>Alla data attuale tale <span class=\"_ _3\"></span>parametro risulta ri<span class=\"_ _3\"></span>spettato.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-53": {
   "value": "\u201cPrestiti <span class=\"_ _7\"></span>obbligazionari <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>finanziamenti\u201d,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>nella <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>corrente <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>movimentano<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _7\"></span>ol<span class=\"_ _5\"></span>tre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>riclassifica <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ella </span>parte <span class=\"_ _7\"></span>corrente <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>quote <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>finanziamenti <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _5\"></span>successivo,</span> <span class=\"_ _7\"></span><span class=\"ff5\">principalmente <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019effetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span></span>i <span class=\"_ _7\"></span>un finanziamento <span class=\"_ _5\"></span>per 460 <span class=\"_ _7\"></span>milioni <span class=\"ls10\">di</span> <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>concesso <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>Banca <span class=\"_ _5\"></span>europea per <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>investimenti<span class=\"ls1e\">, <span class=\"_ _7\"></span></span>a <span class=\"_ _5\"></span>tasso fi<span class=\"_ _5\"></span>sso e <span class=\"_ _5\"></span>rimborso <span class=\"_ _5\"></span>al 2040, sottoscritto <span class=\"_ _5\"></span><span class=\"lse\">al</span> <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span><span class=\"ls10\">di</span> accelerare <span class=\"_ _5\"></span><span class=\"ls23\">la</span> <span class=\"_ _5\"></span>transizione <span class=\"_ _5\"></span>ecologica e <span class=\"_ _5\"></span>contribuire alla <span class=\"_ _5\"></span>lotta c<span class=\"_ _5\"></span>ontro <span class=\"lsf\">il</span> <span class=\"_ _5\"></span>cambiamento climatico nei<span class=\"ls0\"> <span class=\"_ _6\"></span>territori <span class=\"_ _6\"></span>serviti <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>Gruppo. <span class=\"_ _6\"></span><span class=\"ls1e\">In</span> <span class=\"_ _e\"></span>particolare, <span class=\"_ _6\"></span><span class=\"lsf\">il</span> <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>nanziamento <span class=\"_ _6\"></span>consentir\u00e0 <span class=\"_ _6\"></span><span class=\"lse\">di<span class=\"_ _5\"></span></span> <span class=\"_ _6\"></span>migliorare <span class=\"_ _e\"></span><span class=\"ls23\">la</span> <span class=\"_ _e\"></span>resilienza <span class=\"_ _6\"></span></span>del<span class=\"ls0\"> <span class=\"_ _6\"></span>ciclo <span class=\"_ _e\"></span>idrico </span>integrato, <span class=\"_ _5\"></span>favorire <span class=\"ff5\">l\u2019efficienza</span> <span class=\"_ _5\"></span>energetica, <span class=\"lsf\">la</span> <span class=\"_ _5\"></span>decarbonizzazi<span class=\"_ _3\"></span>one <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019economia</span> circolare <span class=\"_ _5\"></span>e potenziare <span class=\"_ _5\"></span><span class=\"lsf\">il</span> trattamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span><span class=\"ls23\">la</span> raccolta dei rifiuti, <span class=\"ff5\">nell\u2019ambit<span class=\"_ _3\"></span>o<span class=\"ff1\"> <span class=\"lse\">di<span class=\"_ _5\"></span></span> oltre <span class=\"lse\">60</span> progettualit\u00e0 allineat<span class=\"_ _3\"></span>e alla tassonomia europea. </span></span>La <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>comprende, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _5\"></span><span class=\"ff5\">il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>dell\u2019opzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita, p<span class=\"_ _5\"></span>ari a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>5<span class=\"_ _5\"></span></span>5,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>correlata <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>partecipazion<span class=\"_ _3\"></span>e di  minoranza  del  3%  di  Ascopiave  Spa  in  Hera  C<span class=\"_ _3\"></span>omm  Spa  che,  per  effett<span class=\"_ _3\"></span>o  delle  disposizioni  contrattuali,<span class=\"_ _3\"></span>  \u00e8 classificata <span class=\"_ _f\"> </span>come  finanziam<span class=\"_ _3\"></span>ento  e <span class=\"_ _f\"> </span>valutata <span class=\"_ _f\"> </span>secondo  il <span class=\"_ _f\"> </span>metodo  del <span class=\"_ _f\"> </span>costo  amm<span class=\"_ _3\"></span>ortizzato. <span class=\"_ _4\"> </span>Tale  debito, <span class=\"_ _f\"> </span>del  valore nominale di <span class=\"_ _5\"></span>54 milioni di <span class=\"_ _5\"></span>euro, si <span class=\"_ _5\"></span>incrementa per effetto della componente f<span class=\"_ _5\"></span>inanziaria valutativ<span class=\"_ _3\"></span>a e <span class=\"_ _5\"></span>si decrementa per <span class=\"_ _5\"></span>i dividendi corrisposti:<span class=\"_ _75\"> </span>VALORE  INIZIALE ONERI  FINANZIARI FLUSSI CORRISPOSTI VALORE  FINALE Esercizio 2023 54,8 3,2 (2,7) 55,3 Esercizio 2024 55,3 3,2 (2,7) 55,8 La <span class=\"_ _7\"></span>quota <span class=\"_ _7\"></span>corrente <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span><span class=\"ff5 lsd\">\u201cP<span class=\"ls0\">restiti <span class=\"_ _5\"></span>obbligazionari <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>finanziamenti\u201d <span class=\"_ _6\"></span></span></span>accoglie <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>quote<span class=\"_ _3\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">scadenti <span class=\"_ _5\"></span>entro <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>\u2019esercizio <span class=\"_ _7\"></span>successiv<span class=\"ff1\">o </span></span>dei debiti a <span class=\"_ _5\"></span>medio e lungo termine, oltre ad un <span class=\"_ _5\"></span>prestito obbligazionario<span class=\"_ _3\"></span> per un valore no<span class=\"_ _5\"></span>minale resid<span class=\"_ _3\"></span>uo di 15 <span class=\"_ _5\"></span>milioni di euro in scadenza a maggio 20<span class=\"_ _3\"></span>25. Rispetto al 31 dicembre <span class=\"_ _3\"></span>2023 si evidenzia il rimb<span class=\"_ _3\"></span>orso d<span class=\"_ _5\"></span>i: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">un prestito obbligazi<span class=\"_ _3\"></span>onario (nella forma di green bond<span class=\"lsd\">) </span>avente un<span class=\"_ _3\"></span> nozionale residuo di 288,3<span class=\"_ _3\"></span> milioni di euro;   </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 ls10\">un <span class=\"ls0\">prestito obb<span class=\"_ _5\"></span>ligazion<span class=\"_ _3\"></span>ario d<span class=\"_ _5\"></span>enominato<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>in y<span class=\"_ _5\"></span>en <span class=\"_ _5\"></span>giapponesi <span class=\"_ _5\"></span>avente un <span class=\"_ _5\"></span>nozionale residuo <span class=\"_ _5\"></span>di 20 <span class=\"_ _5\"></span>miliardi <span class=\"_ _5\"></span>di yen<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>pari </span></span></span>a 149,8 milioni di euro (convertit<span class=\"_ _3\"></span>o al tasso di cambio orig<span class=\"_ _3\"></span>inario oggetto di cop<span class=\"_ _3\"></span>ertura)<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span>Si evidenzia<span class=\"ls10\">no</span> di segui<span class=\"_ _3\"></span>to le principali condizi<span class=\"_ _3\"></span>oni dei prestiti obbli<span class=\"_ _3\"></span>gazionari in essere al 31<span class=\"_ _5\"></span> dicemb<span class=\"_ _3\"></span>re 2024: PRESTITI OBBLIG<span class=\"_ _3\"></span>AZIONARI DURATA (ANNI) SCADENZA VALORE NOMINALE (ML<span class=\"_ _3\"></span>N) CEDOLA TASSO  ANNUALE Sustainability lin<span class=\"_ _3\"></span>ked-bond 12.5 25<span class=\"ls0\">-</span>apr<span class=\"ls0\">-<span class=\"_ _3\"></span>2034 </span>500 Eur Fissa, annuale 1,00% Sustainability lin<span class=\"_ _3\"></span>ked-bond 10<span class=\"ls0\"> </span>20<span class=\"ls0\">-</span>apr<span class=\"ls0\">-<span class=\"_ _3\"></span>2033 </span>600 Eur Fissa, annuale 4,25% Bond 12<span class=\"ls0\"> </span>22<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>5 </span>15 Eur Fissa, annuale 3,5% Green Bond 7 25<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>9 </span>500 Eur Fissa, annuale 2,5% Bond 10<span class=\"ls0\"> </span>14<span class=\"ls0\">-ott-2026 </span>325,44 Eur Fissa, annuale 0,875%<span class=\"_ _75\"> </span>Bond 10<span class=\"ls0\"> </span>03<span class=\"ls0\">-dic-2030 </span>500 Eur Fissa, annuale 0,25% Bond* 15/20 14<span class=\"ls0\">-mag-202<span class=\"_ _3\"></span>7/2032 </span>102,5 Eur Fissa, annuale 5,25% Green Bond 8 05<span class=\"ls0\">-lug-2027<span class=\"_ _3\"></span> </span>357,2 Eur Fissa, annuale 0,875% Bond 15<span class=\"ls0\"> </span>29<span class=\"ls0\">-gen-2028<span class=\"_ _3\"></span> </span>599,02 Eur Fissa, annuale 5,20% * Strumento non quotato Al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _5\"></span>4 <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>prestiti <span class=\"_ _e\"> </span>obbligazionari <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>essere<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>presentano <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>valore <span class=\"_ _e\"></span>nominale <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>3.499,1 <span class=\"_ _e\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>euro (3.937,2 <span class=\"_ _5\"></span>milioni di<span class=\"_ _5\"></span> euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2023)<span class=\"_ _5\"></span>, un <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di iscrizione <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo ammortizzato <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span><span class=\"ls10\">3.</span>414,4 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro (3.804,5 <span class=\"_ _5\"></span>milioni di euro<span class=\"_ _5\"></span> al <span class=\"_ _5\"></span>31 dicembre <span class=\"_ _5\"></span>2023)<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>e un <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value di <span class=\"_ _5\"></span><span class=\"lse\">3.<span class=\"_ _5\"></span></span>382,2 <span class=\"_ _5\"></span>milioni di e<span class=\"_ _5\"></span>uro (<span class=\"_ _5\"></span><span class=\"lse\">3.</span>737,7 <span class=\"_ _5\"></span>al 31 <span class=\"_ _5\"></span>dicembre 2023<span class=\"_ _5\"></span><span class=\"ls59\">) </span>determinato dalle quot<span class=\"_ _3\"></span>azioni di mercato ove dis<span class=\"_ _3\"></span>ponibili.<span class=\"_ _5\"></span> Su <span class=\"_ _5\"></span>alcuni <span class=\"_ _5\"></span>finanziamenti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>presenti <span class=\"_ _5\"></span>covenant <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>prevedono <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>li<span class=\"_ _5\"></span>mite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>corporate <span class=\"_ _5\"></span>rating, <span class=\"_ _5\"></span>il<span class=\"_ _7\"></span> <span class=\"_ _7\"></span>quale <span class=\"_ _5\"></span>deve essere <span class=\"_ _7\"></span>valutato, <span class=\"_ _7\"></span>anche <span class=\"_ _6\"></span>solo <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>un\u2019agenzia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>rating, <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>on <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>sotto <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>livello <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>Investment <span class=\"_ _6\"></span>gr<span class=\"_ _3\"></span>ade <span class=\"_ _7\"></span>(BBB<span class=\"_ _6\"></span><span class=\"ff1\">-). </span>Alla data attuale tale <span class=\"_ _3\"></span>parametro risulta ri<span class=\"_ _3\"></span>spettato.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-54": {
   "value": "Fidejussioni e garan<span class=\"_ _3\"></span>zie prestate 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Fidejussioni e gara<span class=\"_ _3\"></span>nzie bancarie 3.054,4 2.951,4 Fidejussioni e gara<span class=\"_ _3\"></span>nzie assicurative 827,5 987,5 Totale 3.881,9 3.938,9<span class=\"_ _75\"> </span>\u201cFidejussioni <span class=\"_ _e\"> </span>e <span class=\"_ _f\"> </span>gar<span class=\"_ _3\"></span>anzie <span class=\"_ _d\"> </span>bancarie\u201d, <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"> </span>202<span class=\"_ _7\"></span><span class=\"ff1\">4<span class=\"ls1e\">, <span class=\"_ _f\"> </span></span>confro<span class=\"_ _3\"></span>ntato <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>periodo <span class=\"_ _d\"> </span>precedente, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>cos\u00ec </span>composto: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Fidejussioni ban<span class=\"_ _3\"></span>carie 1.023,2 1.075,8 Lettere di patronag<span class=\"_ _3\"></span>e 2.031,2 1.875,6 Totale 3.054,4 2.951,4<span class=\"_ _75\"> </span>In particolare: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le <span class=\"_ _d\"> </span>fidejussioni <span class=\"_ _d\"> </span>bancarie <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>sottoscritte <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>favore <span class=\"_ _d\"> </span>di  <span class=\"ff5\">enti <span class=\"_ _e\"> </span>pubblici <span class=\"_ _d\"> </span>(Ministero <span class=\"_ _d\"> </span>dell\u2019ambiente <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _d\"> </span>sicurezza </span></span></span>energetica,  Regioni,<span class=\"_ _3\"></span>  Province  e  Comuni) <span class=\"_ _f\"> </span>e  di  privati  a  garanzia  della  corretta<span class=\"_ _3\"></span>  gestione  di  impianti <span class=\"_ _f\"> </span>per <span class=\"_ _4\"> </span>il trattamento <span class=\"_ _2\"> </span>e <span class=\"_ _1d\"> </span>lo <span class=\"_ _2\"> </span>sma<span class=\"_ _5\"></span>ltimento<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>di <span class=\"_ _2\"> </span>rifiuti, <span class=\"_ _1d\"> </span>della <span class=\"_ _2\"> </span>corretta <span class=\"_ _2\"> </span>e<span class=\"_ _5\"></span>secuzione <span class=\"_ _2\"> </span>di <span class=\"_ _1d\"> </span>servizi <span class=\"_ _2\"> </span>inerenti <span class=\"_ _1d\"> </span>l<span class=\"_ _3\"></span>o <span class=\"_ _1d\"> </span>smaltim<span class=\"_ _3\"></span>ento <span class=\"_ _1d\"> </span>e l\u2019intermediazione dei r<span class=\"_ _5\"></span>ifiuti, per <span class=\"_ _5\"></span>lavori di b<span class=\"_ _5\"></span>onifica e per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corretto assolvimento di <span class=\"_ _5\"></span>impegni contrattuali<span class=\"_ _7\"></span><span class=\"ff1\"> s<span class=\"_ _5\"></span>ui mercati </span>all\u2019ingrosso delle commo<span class=\"_ _3\"></span>dity energetich<span class=\"_ _3\"></span>e<span class=\"_ _5\"></span><span class=\"ff1\">; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le <span class=\"_ _5\"></span>lettere d<span class=\"_ _5\"></span>i patronage <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>rilasciate <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>garanzia del <span class=\"_ _5\"></span>puntuale p<span class=\"_ _5\"></span>agamento<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>approvvigionamenti<span class=\"_ _3\"></span> </span></span>di materie prime e di servi<span class=\"_ _3\"></span>zi di trasporto e distrib<span class=\"_ _3\"></span>uzione di commodity energet<span class=\"_ _3\"></span>iche<span class=\"_ _5\"></span>. \u201cFidejussioni e <span class=\"_ _5\"></span>garanzie assicurative\u201d, rilasciate a<span class=\"_ _5\"></span> favore <span class=\"_ _5\"></span>di enti <span class=\"_ _5\"></span>pubblici (<span class=\"_ _5\"></span>Provi<span class=\"_ _3\"></span>nce, <span class=\"_ _5\"></span>Comuni e <span class=\"_ _5\"></span>Ministero dell\u2019ambiente<span class=\"_ _7\"></span><span class=\"ff1\"> </span>e <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>sicurezza <span class=\"_ _5\"></span>energetica)<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>terzi <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>garanzia <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>corretta <span class=\"_ _5\"></span>ges<span class=\"_ _5\"></span>tione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>pubblica <span class=\"_ _7\"></span>utilit\u00e0, <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di smaltimento r<span class=\"_ _5\"></span>ifiuti, <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>corretta <span class=\"_ _5\"></span>esecuzione <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>opere d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>attraversament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>condutture <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>propriet\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>privati, d<span class=\"_ _5\"></span>i lavori di bonifica, di im<span class=\"_ _3\"></span>pianti per il trattame<span class=\"_ _3\"></span>nto e lo smaltimento di<span class=\"_ _3\"></span> rifiuti<span class=\"_ _5\"></span>. Si <span class=\"_ _e\"></span>segnala, <span class=\"_ _6\"></span>infine, <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _e\"></span>2024 <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>Hera <span class=\"_ _6\"></span>ha <span class=\"_ _e\"></span>prestato <span class=\"_ _e\"></span>garanzie <span class=\"_ _6\"></span>reali <span class=\"_ _6\"></span>destinate <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>fornire <span class=\"_ _6\"></span>idonea copertura ad alcuni fin<span class=\"_ _3\"></span>anziamenti bancari, per complessivi 11,1 milioni di<span class=\"_ _3\"></span> euro. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-55": {
   "value": "20  Flussi mon<span class=\"_ _3\"></span>etari dell\u2019atti<span class=\"_ _3\"></span>vit\u00e0 di finanzia<span class=\"_ _3\"></span>mento<span class=\"ff8\"> </span>Variazione delle passiv<span class=\"_ _3\"></span>it\u00e0 finanziarie Di seguito si r<span class=\"_ _5\"></span>iportano<span class=\"_ _3\"></span> le <span class=\"_ _5\"></span>informazioni<span class=\"_ _3\"></span> sulle variazioni delle passivit\u00e0 finanziari<span class=\"_ _5\"></span><span class=\"ff5\">e <span class=\"_ _5\"></span>intercorse nell\u2019esercizio 202</span>4, distinte tra flussi monetari e <span class=\"_ _3\"></span>flussi non monetari.<span class=\"_ _75\"> </span>TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. (A) FLUSSI NON MON<span class=\"_ _3\"></span>ETARI FLUSSI MONETARI (F)=(A)-<span class=\"_ _75\"> </span>[(B)+(C)+(D)<span class=\"_ _75\"> </span>+(E)] ACQUISIZIONI  CESSIONI (B) COMPONENTI ECONOMICHE VALUTATIVE (C) VARIAZIONI FAIR VALUE (D) ALTRE VARIAZIONI (E) Passivit\u00e0 finanziarie non correnti 4.154,6 4.421,7 (267,1) 11,2 38,8 (49,9) (730,4) 463,2 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 1.226,7 890,8 335,9 0,6 3,1 21,2 563,9 (252,9) Flussi relativi a passivit\u00e0 finanziarie 5.381,3 5.312,5 68,8 11,8 41,9 (28,7) (166,5) 210,3 di cui Nuove emissioni di <span class=\"_ _3\"></span>debiti finanziari a lun<span class=\"_ _3\"></span>go termine 471,1 Rimborsi di debiti f<span class=\"_ _3\"></span>inanziari non corr<span class=\"_ _3\"></span>enti (7,9) Rimborsi e altre <span class=\"_ _3\"></span>variazioni nette di debiti <span class=\"_ _3\"></span>finanziari (252,9) Passivit\u00e0 per leasing 79,1 81,3 (2,2) 1,7 \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>16,7 (20,6) Passivit\u00e0 finanziarie derivanti da attivit<span class=\"_ _3\"></span>\u00e0 di finanziament<span class=\"_ _3\"></span>o 5.460,4 5.393,8 66,6 13,5 41,9 (28,7) (149,8) 189,7 \u201cAcquisizioni <span class=\"_ _6\"> </span>e <span class=\"_ _d\"> </span>cessioni\u201d <span class=\"_ _e\"> </span>accolgono<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"> </span>dalle <span class=\"_ _e\"> </span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>acquisizione <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span><span class=\"ff1\">controllo <span class=\"_ _e\"></span>effettuate <span class=\"_ _e\"></span>nel </span>corso <span class=\"_ _10\"> </span>dell\u2019esercizio <span class=\"_ _8\"> </span>20<span class=\"_ _3\"></span>24, <span class=\"_ _8\"> </span>come <span class=\"_ _10\"> </span>illustrato <span class=\"_ _10\"> </span>nel<span class=\"_ _5\"></span>la <span class=\"_ _8\"> </span>sezio<span class=\"_ _3\"></span>ne <span class=\"_ _8\"> </span>\u201cBusines<span class=\"_ _3\"></span>s <span class=\"_ _8\"> </span>combin<span class=\"_ _3\"></span>ation <span class=\"_ _10\"> </span>(<span class=\"_ _5\"></span>informazioni<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>integrativ<span class=\"_ _3\"></span>e)\u201d<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _8\"> </span>del<span class=\"_ _3\"></span> </span>paragrafo <span class=\"ff5\">2.02.10 \u201cA</span>ltre inform<span class=\"_ _3\"></span>azioni<span class=\"ff5 lsd\">\u201d.<span class=\"_ _75\"> </span></span>\u201cComponenti economi<span class=\"_ _3\"></span>che valutative\u201d si riferisc<span class=\"_ _3\"></span>ono <span class=\"_ _5\"></span><span class=\"ff1 ls10\">a:<span class=\"ls0\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">oneri <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _7\"></span>ammortizzato d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>bond <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>finanziamen<span class=\"_ _3\"></span>ti <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>30,3 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _7\"></span>come <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>alla </span></span>nota 10 <span class=\"ff5\">\u201cOneri finanziari\u201d<span class=\"_ _3\"></span>;<span class=\"ff1\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">oneri  da  attuali<span class=\"_ _3\"></span>zzazione  correlati <span class=\"_ _f\"> </span>al<span class=\"_ _5\"></span>le  opzio<span class=\"_ _3\"></span>ni  di  vendita  dell<span class=\"_ _3\"></span>e  partecipazioni <span class=\"_ _f\"> </span>di  minoranza  e  agli <span class=\"_ _f\"> </span>earn<span class=\"_ _6\"></span>-out </span></span>contrattualizzati <span class=\"_ _5\"></span>in sede <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione del <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>imprese <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>rami <span class=\"_ _5\"></span>aziendali, <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>11,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>m<span class=\"_ _3\"></span>e riportato alla nota <span class=\"_ _3\"></span>10<span class=\"_ _5\"></span> <span class=\"ff5\">\u201cOneri fin<span class=\"_ _3\"></span>anziari\u201d<span class=\"ff1\">. </span></span>\u201cVariazioni<span class=\"ff1\"> </span>fair value\u201d<span class=\"ff1\"> accolgono<span class=\"_ _3\"></span> principalmente: </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">l\u2019adeguamento<span class=\"ff1\">  al  fair  value <span class=\"_ _4\"> </span><span class=\"lse\">de<span class=\"_ _5\"></span></span></span>l  valore  contabile  dell\u2019opzione  di  vendita  iscritta  nei  c<span class=\"_ _5\"></span>onfronti  del  socio  di </span></span>minoranza <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>EstEnergy <span class=\"_ _5\"></span>Spa <span class=\"_ _6\"></span><span class=\"ff5\">ch<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>comportato <span class=\"_ _7\"></span>l\u2019iscrizione <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>proventi <span class=\"_ _6\"></span><span class=\"ff1\">per <span class=\"_ _7\"></span><span class=\"ls10\">47</span>,8 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>riportato </span></span>alla nota 19 \u201cPassivit<span class=\"_ _3\"></span>\u00e0 finanziarie\u201d;<span class=\"_ _75\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">la <span class=\"_ _7\"></span>rettifica <span class=\"_ _7\"></span>apportata <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>contabile <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>prestito <span class=\"_ _5\"></span>obbligazionario <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>valuta <span class=\"_ _6\"></span>(rimbors<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>cor<span class=\"_ _3\"></span>so </span></span>dell\u2019esercizio 2024)<span class=\"ff1\"> per effetto della relazione di copertura<span class=\"_ _3\"></span> in fair value hedge e <span class=\"_ _7\"></span><span class=\"ff5\">che ha comportato l\u2019iscrizione di </span></span>oneri per <span class=\"lse\">21</span>,2 milioni di euro<span class=\"ff5\">, come riportat<span class=\"_ _3\"></span>o alla nota 29 \u201cStrum<span class=\"_ _3\"></span>enti derivati\u201d<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>\u201cAltre variazioni\u201d, ac<span class=\"_ _3\"></span>colgono gli effetti do<span class=\"_ _3\"></span>vuti principalmente a:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">iscrizione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>importi <span class=\"_ _5\"></span>relativi <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>settlement <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>154,1 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>nella <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>\u201cDebiti <span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>mmerciali\u201d, co<span class=\"_ _5\"></span>me </span></span>meglio precisato nel p<span class=\"_ _3\"></span>aragrafo 2.02.01 \u201cIntro<span class=\"_ _3\"></span>duzione\u201d;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">pagamento <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>dividendi <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>soci <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _6\"></span><span class=\"ff5\">con <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>quali <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>Gruppo, <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>momento <span class=\"_ _7\"></span>dell\u2019acq<span class=\"_ _5\"></span></span>uisizione <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>controllo, </span></span>ha <span class=\"_ _6\"></span>contrattualizzato <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>opzioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>endita, <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>9,5 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro<span class=\"ls16\">. <span class=\"_ _e\"></span></span>Nello <span class=\"_ _6\"></span>schema <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rendiconto <span class=\"_ _6\"></span>finanziario <span class=\"_ _6\"></span>il relativo <span class=\"_ _5\"></span>flusso d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>cassa <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>classificato <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>dividendi <span class=\"_ _5\"></span>pagati, <span class=\"_ _5\"></span>pur <span class=\"_ _7\"></span>essendo <span class=\"_ _5\"></span>rappresentat<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>contabilmente come <span class=\"_ _6\"></span>una<span class=\"_ _3\"></span> variazione <span class=\"_ _8\"> </span>della <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>finanziaria<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>gi\u00e0 <span class=\"_ _8\"> </span>iscritta <span class=\"_ _8\"> </span>(tale <span class=\"_ _2\"> </span><span class=\"ff5\">meccanismo <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>illustrat<span class=\"_ _3\"></span>o <span class=\"_ _8\"> </span>nella <span class=\"_ _8\"> </span>nota <span class=\"_ _8\"> </span>19 <span class=\"_ _8\"> </span>\u201cPassivit\u00e0 </span>finanziarie\u201d<span class=\"ff1\">); </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">iscrizione d<span class=\"_ _5\"></span>ei <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>leasing <span class=\"_ _5\"></span><span class=\"ff5\">sottoscritti <span class=\"_ _5\"></span>nell\u2019esercizio e <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>imisurazio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>debito <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>contratti </span></span></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _7\"></span>generat<span class=\"_ _3\"></span>a <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>un a<span class=\"_ _5\"></span>ggiornamento delle <span class=\"_ _5\"></span>ipotesi <span class=\"_ _5\"></span>sottostanti <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>opzioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>innovo, acquisto <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>recesso anticipato<span class=\"ff5\">, come riportat<span class=\"_ _3\"></span>o alla nota 22 \u201cDiritti d<span class=\"_ _3\"></span>\u2019uso e passivit\u00e0 per le<span class=\"_ _3\"></span>asing\u201d.<span class=\"_ _75\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "20  Flussi mon<span class=\"_ _3\"></span>etari dell\u2019atti<span class=\"_ _3\"></span>vit\u00e0 di finanzia<span class=\"_ _3\"></span>mento<span class=\"ff8\"> </span>Variazione delle passiv<span class=\"_ _3\"></span>it\u00e0 finanziarie Di seguito si r<span class=\"_ _5\"></span>iportano<span class=\"_ _3\"></span> le <span class=\"_ _5\"></span>informazioni<span class=\"_ _3\"></span> sulle variazioni delle passivit\u00e0 finanziari<span class=\"_ _5\"></span><span class=\"ff5\">e <span class=\"_ _5\"></span>intercorse nell\u2019esercizio 202</span>4, distinte tra flussi monetari e <span class=\"_ _3\"></span>flussi non monetari.<span class=\"_ _75\"> </span><div class=\"c w2e6 h5f gs562\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TIPOLOGIA </div></div><div class=\"c w69 h5f gs563\"><div class=\"t m0 x13 h13 y28 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2e7 h5f gs564\"><div class=\"t m0 x13 h13 y28 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w1dc h5f gs565\"><div class=\"t m0 xc0 h13 y2e7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div><div class=\"t m0 xa5 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">(A) </div></div><div class=\"c w2ea h5f gs566\"><div class=\"t m0 xaa h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">FLUSSI NON MON<span class=\"_ _3\"></span>ETARI </div></div><div class=\"c w23c h357 gs567\"><div class=\"t m0 xf h13 y1591 ff2 fs3 fc2 sc0 ls0 ws0\">FLUSSI </div><div class=\"t m0 x5 h13 y1d79 ff2 fs3 fc2 sc0 ls0 ws0\">MONETARI </div><div class=\"t m0 xf h13 y126d ff2 fs3 fc2 sc0 ls0 ws0\">(F)=(A)-<span class=\"_ _75\"> </span></div><div class=\"t m0 x0 h13 y176c ff2 fs3 fc2 sc0 ls0 ws0\">[(B)+(C)+(D)<span class=\"_ _75\"> </span></div><div class=\"t m0 xa2 h13 y625 ff2 fs3 fc2 sc0 ls0 ws0\">+(E)] </div></div><div class=\"c w2eb h156 gs568\"><div class=\"t m0 x14 h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">ACQUISIZIONI  </div><div class=\"t m0 xa9 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">CESSIONI </div><div class=\"t m0 xae h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(B) </div></div><div class=\"c w2ec h156 gs569\"><div class=\"t m0 x5 h13 y87 ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI </div><div class=\"t m0 x9f h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">ECONOMICHE </div><div class=\"t m0 x15 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">VALUTATIVE </div><div class=\"t m0 xa8 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">(C) </div></div><div class=\"c w2ed h156 gs56a\"><div class=\"t m0 x182 h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI </div><div class=\"t m0 x14 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 xa8 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(D) </div></div><div class=\"c w2ee h156 gs56b\"><div class=\"t m0 xbc h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE </div><div class=\"t m0 xc h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI </div><div class=\"t m0 x53 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(E) </div></div><div class=\"c w2e6 h8e gs56c\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 finanziarie </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">non correnti </div></div><div class=\"c w69 h8e gs56d\"><div class=\"t m0 xb hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">4.154,6 </div></div><div class=\"c w2e7 h8e gs56e\"><div class=\"t m0 xb hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">4.421,7 </div></div><div class=\"c w1dc h8e gs56f\"><div class=\"t m0 x13 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(267,1) </div></div><div class=\"c w2eb h8e gs570\"><div class=\"t m0 x4 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">11,2 </div></div><div class=\"c w2ec h8e gs571\"><div class=\"t m0 xa3 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">38,8 </div></div><div class=\"c w2ed h8e gs572\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(49,9) </div></div><div class=\"c w2ee h8e gs573\"><div class=\"t m0 xa9 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(730,4) </div></div><div class=\"c w23c h8e gs574\"><div class=\"t m0 xa9 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">463,2 </div></div><div class=\"c w2e6 h8e gs575\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">correnti </div></div><div class=\"c w69 h8e gs576\"><div class=\"t m0 xb hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">1.226,7 </div></div><div class=\"c w2e7 h8e gs577\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">890,8 </div></div><div class=\"c w1dc h8e gs578\"><div class=\"t m0 xc0 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">335,9 </div></div><div class=\"c w2eb h8e gs579\"><div class=\"t m0 xae hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">0,6 </div></div><div class=\"c w2ec h8e gs57a\"><div class=\"t m0 xa8 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">3,1 </div></div><div class=\"c w2ed h8e gs57b\"><div class=\"t m0 xa3 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">21,2 </div></div><div class=\"c w2ee h8e gs57c\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">563,9 </div></div><div class=\"c w23c h8e gs57d\"><div class=\"t m0 x9d hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(252,9) </div></div><div class=\"c w2e6 h358 gs57e\"><div class=\"t m0 x0 h13 y1408 ff2 fs3 fc1 sc0 ls0 ws0\">Flussi relativi a </div><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">passivit\u00e0 </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">finanziarie </div></div><div class=\"c w69 h358 gs57f\"><div class=\"t m0 xb h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">5.381,3 </div></div><div class=\"c w2e7 h358 gs580\"><div class=\"t m0 xb h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">5.312,5 </div></div><div class=\"c w1dc h358 gs581\"><div class=\"t m0 xb h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">68,8 </div></div><div class=\"c w2eb h358 gs582\"><div class=\"t m0 x4 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">11,8 </div></div><div class=\"c w2ec h358 gs583\"><div class=\"t m0 xa3 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">41,9 </div></div><div class=\"c w2ed h358 gs584\"><div class=\"t m0 x16 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">(28,7) </div></div><div class=\"c w2ee h358 gs585\"><div class=\"t m0 xa9 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">(166,5) </div></div><div class=\"c w23c h358 gs586\"><div class=\"t m0 xa9 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">210,3 </div></div><div class=\"c w2ef h3c gs587\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">di cui </div></div><div class=\"c w2ef h3c gs588\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Nuove emissioni di <span class=\"_ _3\"></span>debiti finanziari a lun<span class=\"_ _3\"></span>go termine </div></div><div class=\"c w23c h3c gs589\"><div class=\"t m0 xa9 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">471,1 </div></div><div class=\"c w2ef h3c gs58a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Rimborsi di debiti f<span class=\"_ _3\"></span>inanziari non corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w23c h3c gs58b\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(7,9) </div></div><div class=\"c w2ef h3c gs58c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Rimborsi e altre <span class=\"_ _3\"></span>variazioni nette di debiti <span class=\"_ _3\"></span>finanziari </div></div><div class=\"c w23c h3c gs58d\"><div class=\"t m0 x9d hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(252,9) </div></div><div class=\"c w2e6 h95 gs58e\"><div class=\"t m0 x0 h13 ye2 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 per </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">leasing </div></div><div class=\"c w69 h95 gs58f\"><div class=\"t m0 x32 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">79,1 </div></div><div class=\"c w2e7 h95 gs590\"><div class=\"t m0 x32 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">81,3 </div></div><div class=\"c w1dc h95 gs591\"><div class=\"t m0 x3a h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">(2,2) </div></div><div class=\"c w2eb h95 gs592\"><div class=\"t m0 xae h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">1,7 </div></div><div class=\"c w2ec h95 gs593\"><div class=\"t m0 x30 h13 y5bf ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2ed h95 gs594\"><div class=\"t m0 x30 h13 y5bf ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2ee h95 gs595\"><div class=\"t m0 x16 h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">16,7 </div></div><div class=\"c w23c h95 gs596\"><div class=\"t m0 xbc h13 y5bf ff2 fs3 fcb sc0 ls0 ws0\">(20,6) </div></div><div class=\"c w2e6 h359 gs597\"><div class=\"t m0 x0 h13 y17c4 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 </div><div class=\"t m0 x0 h13 y1cc9 ff2 fs3 fc1 sc0 ls0 ws0\">finanziarie </div><div class=\"t m0 x0 h13 ye2 ff2 fs3 fc1 sc0 ls0 ws0\">derivanti da attivit<span class=\"_ _3\"></span>\u00e0 </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">di finanziament<span class=\"_ _3\"></span>o </div></div><div class=\"c w69 h359 gs598\"><div class=\"t m0 xb h13 y17e4 ff2 fs3 fcb sc0 ls0 ws0\">5.460,4 </div></div><div class=\"c w2e7 h359 gs599\"><div class=\"t m0 xb h13 y17e4 ff2 fs3 fcb sc0 ls0 ws0\">5.393,8 </div></div><div class=\"c w1dc h359 gs59a\"><div class=\"t m0 xb h13 y17e4 ff2 fs3 fcb sc0 ls0 ws0\">66,6 </div></div><div class=\"c w2eb h359 gs59b\"><div class=\"t m0 x4 h13 y17e4 ff2 fs3 fcb sc0 ls0 ws0\">13,5 </div></div><div class=\"c w2ec h359 gs59c\"><div class=\"t m0 xa3 h13 y17e4 ff2 fs3 fcb sc0 ls0 ws0\">41,9 </div></div><div class=\"c w2ed h359 gs59d\"><div class=\"t m0 x16 h13 y17e4 ff2 fs3 fcb sc0 ls0 ws0\">(28,7) </div></div><div class=\"c w2ee h359 gs59e\"><div class=\"t m0 xa9 h13 y17e4 ff2 fs3 fcb sc0 ls0 ws0\">(149,8) </div></div><div class=\"c w23c h359 gs59f\"><div class=\"t m0 xa9 h13 y17e4 ff2 fs3 fcb sc0 ls0 ws0\">189,7 </div></div><div class=\"c w2 h0 gs5a0\"><div class=\"t m0 x1b h3 y103c ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAcquisizioni <span class=\"_ _6\"> </span>e <span class=\"_ _d\"> </span>cessioni\u201d <span class=\"_ _e\"> </span>accolgono<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _e\"> </span>derivanti <span class=\"_ _e\"> </span>dalle <span class=\"_ _e\"> </span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>acquisizione <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span><span class=\"ff1\">controllo <span class=\"_ _e\"></span>effettuate <span class=\"_ _e\"></span>nel </span></div><div class=\"t m0 x1b h3 yf3d ff5 fs1 fc1 sc0 ls0 ws0\">corso <span class=\"_ _10\"> </span>dell\u2019esercizio <span class=\"_ _8\"> </span>20<span class=\"_ _3\"></span>24, <span class=\"_ _8\"> </span>come <span class=\"_ _10\"> </span>illustrato <span class=\"_ _10\"> </span>nel<span class=\"_ _5\"></span>la <span class=\"_ _8\"> </span>sezio<span class=\"_ _3\"></span>ne <span class=\"_ _8\"> </span>\u201cBusines<span class=\"_ _3\"></span>s <span class=\"_ _8\"> </span>combin<span class=\"_ _3\"></span>ation <span class=\"_ _10\"> </span>(<span class=\"_ _5\"></span>informazioni<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>integrativ<span class=\"_ _3\"></span>e)\u201d<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _8\"> </span>del<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x1b h3 yf3e ff1 fs1 fc1 sc0 ls0 ws0\">paragrafo <span class=\"ff5\">2.02.10 \u201cA</span>ltre inform<span class=\"_ _3\"></span>azioni<span class=\"ff5 lsd\">\u201d.<span class=\"_ _75\"> </span></span> </div><div class=\"t m0 x1b h3 y1d7c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y1d7d ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div>\u201cComponenti economi<span class=\"_ _3\"></span>che valutative\u201d si riferisc<span class=\"_ _3\"></span>ono <span class=\"_ _5\"></span><span class=\"ff1 ls10\">a:<span class=\"ls0\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">oneri <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _7\"></span>ammortizzato d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>bond <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>finanziamen<span class=\"_ _3\"></span>ti <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>30,3 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _7\"></span>come <span class=\"_ _5\"></span>riportato <span class=\"_ _5\"></span>alla </span></span>nota 10 <span class=\"ff5\">\u201cOneri finanziari\u201d<span class=\"_ _3\"></span>;<span class=\"ff1\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">oneri  da  attuali<span class=\"_ _3\"></span>zzazione  correlati <span class=\"_ _f\"> </span>al<span class=\"_ _5\"></span>le  opzio<span class=\"_ _3\"></span>ni  di  vendita  dell<span class=\"_ _3\"></span>e  partecipazioni <span class=\"_ _f\"> </span>di  minoranza  e  agli <span class=\"_ _f\"> </span>earn<span class=\"_ _6\"></span>-out </span></span>contrattualizzati <span class=\"_ _5\"></span>in sede <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>acquisizione del <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>imprese <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>rami <span class=\"_ _5\"></span>aziendali, <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>11,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>m<span class=\"_ _3\"></span>e riportato alla nota <span class=\"_ _3\"></span>10<span class=\"_ _5\"></span> <span class=\"ff5\">\u201cOneri fin<span class=\"_ _3\"></span>anziari\u201d<span class=\"ff1\">. </span></span>\u201cVariazioni<span class=\"ff1\"> </span>fair value\u201d<span class=\"ff1\"> accolgono<span class=\"_ _3\"></span> principalmente: </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">l\u2019adeguamento<span class=\"ff1\">  al  fair  value <span class=\"_ _4\"> </span><span class=\"lse\">de<span class=\"_ _5\"></span></span></span>l  valore  contabile  dell\u2019opzione  di  vendita  iscritta  nei  c<span class=\"_ _5\"></span>onfronti  del  socio  di </span></span>minoranza <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>EstEnergy <span class=\"_ _5\"></span>Spa <span class=\"_ _6\"></span><span class=\"ff5\">ch<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>comportato <span class=\"_ _7\"></span>l\u2019iscrizione <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>proventi <span class=\"_ _6\"></span><span class=\"ff1\">per <span class=\"_ _7\"></span><span class=\"ls10\">47</span>,8 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro, <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>riportato </span></span>alla nota 19 \u201cPassivit<span class=\"_ _3\"></span>\u00e0 finanziarie\u201d;<span class=\"_ _75\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">la <span class=\"_ _7\"></span>rettifica <span class=\"_ _7\"></span>apportata <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>contabile <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>prestito <span class=\"_ _5\"></span>obbligazionario <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>valuta <span class=\"_ _6\"></span>(rimbors<span class=\"_ _3\"></span>ato <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>cor<span class=\"_ _3\"></span>so </span></span>dell\u2019esercizio 2024)<span class=\"ff1\"> per effetto della relazione di copertura<span class=\"_ _3\"></span> in fair value hedge e <span class=\"_ _7\"></span><span class=\"ff5\">che ha comportato l\u2019iscrizione di </span></span>oneri per <span class=\"lse\">21</span>,2 milioni di euro<span class=\"ff5\">, come riportat<span class=\"_ _3\"></span>o alla nota 29 \u201cStrum<span class=\"_ _3\"></span>enti derivati\u201d<span class=\"_ _5\"></span><span class=\"ff1\">. </span></span>\u201cAltre variazioni\u201d, ac<span class=\"_ _3\"></span>colgono gli effetti do<span class=\"_ _3\"></span>vuti principalmente a:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">iscrizione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>importi <span class=\"_ _5\"></span>relativi <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>settlement <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>154,1 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>nella <span class=\"_ _5\"></span>voce <span class=\"_ _5\"></span>\u201cDebiti <span class=\"_ _5\"></span>co<span class=\"_ _5\"></span>mmerciali\u201d, co<span class=\"_ _5\"></span>me </span></span>meglio precisato nel p<span class=\"_ _3\"></span>aragrafo 2.02.01 \u201cIntro<span class=\"_ _3\"></span>duzione\u201d;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">pagamento <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>dividendi <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>soci <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minoranza <span class=\"_ _6\"></span><span class=\"ff5\">con <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>quali <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>Gruppo, <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>momento <span class=\"_ _7\"></span>dell\u2019acq<span class=\"_ _5\"></span></span>uisizione <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>controllo, </span></span>ha <span class=\"_ _6\"></span>contrattualizzato <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>opzioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>endita, <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>9,5 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro<span class=\"ls16\">. <span class=\"_ _e\"></span></span>Nello <span class=\"_ _6\"></span>schema <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rendiconto <span class=\"_ _6\"></span>finanziario <span class=\"_ _6\"></span>il relativo <span class=\"_ _5\"></span>flusso d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>cassa <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>classificato <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>dividendi <span class=\"_ _5\"></span>pagati, <span class=\"_ _5\"></span>pur <span class=\"_ _7\"></span>essendo <span class=\"_ _5\"></span>rappresentat<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>contabilmente come <span class=\"_ _6\"></span>una<span class=\"_ _3\"></span> variazione <span class=\"_ _8\"> </span>della <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>finanziaria<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>gi\u00e0 <span class=\"_ _8\"> </span>iscritta <span class=\"_ _8\"> </span>(tale <span class=\"_ _2\"> </span><span class=\"ff5\">meccanismo <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>illustrat<span class=\"_ _3\"></span>o <span class=\"_ _8\"> </span>nella <span class=\"_ _8\"> </span>nota <span class=\"_ _8\"> </span>19 <span class=\"_ _8\"> </span>\u201cPassivit\u00e0 </span>finanziarie\u201d<span class=\"ff1\">); </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">iscrizione d<span class=\"_ _5\"></span>ei <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>leasing <span class=\"_ _5\"></span><span class=\"ff5\">sottoscritti <span class=\"_ _5\"></span>nell\u2019esercizio e <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>imisurazio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>debito <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>contratti </span></span></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _7\"></span>generat<span class=\"_ _3\"></span>a <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>un a<span class=\"_ _5\"></span>ggiornamento delle <span class=\"_ _5\"></span>ipotesi <span class=\"_ _5\"></span>sottostanti <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>opzioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>innovo, acquisto <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>recesso anticipato<span class=\"ff5\">, come riportat<span class=\"_ _3\"></span>o alla nota 22 \u201cDiritti d<span class=\"_ _3\"></span>\u2019uso e passivit\u00e0 per le<span class=\"_ _3\"></span>asing\u201d.<span class=\"_ _75\"> </span></span>Acquisto quote di parte<span class=\"_ _3\"></span>cipazioni in imprese con<span class=\"_ _3\"></span>solidate Il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>iferisc<span class=\"lse\">e <span class=\"_ _6\"></span></span><span class=\"ff5\">all\u2019esborso <span class=\"_ _6\"></span>correlato <span class=\"_ _e\"> </span>all\u2019acquisto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>quote <span class=\"_ _6\"> </span>non <span class=\"_ _e\"> </span>di <span class=\"_ _6\"> </span>controllo <span class=\"_ _6\"> </span>nella <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>ociet\u00e0 <span class=\"_ _d\"> </span></span>Uniflotte <span class=\"_ _6\"></span>Srl, <span class=\"_ _e\"></span>mentre <span class=\"_ _6\"></span>il valore dell\u2019esercizio <span class=\"_ _3\"></span>precedente si riferisce<span class=\"_ _3\"></span> all\u2019acquisto delle quot<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span><span class=\"ff1\">ne<span class=\"_ _5\"></span>lla societ\u00e0 T<span class=\"_ _3\"></span>ri-Generazione Scarl. </span>Aumento capitale soci<span class=\"_ _3\"></span>ale minoranze Il<span class=\"ls0\"> <span class=\"_ _e\"> </span>valore <span class=\"_ _e\"> </span>si <span class=\"_ _d\"> </span>riferisce, <span class=\"_ _e\"> </span>tra <span class=\"_ _d\"> </span>gli <span class=\"_ _e\"></span>altri, <span class=\"_ _d\"> </span><span class=\"ff5\">all\u2019aumento <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>capitale <span class=\"_ _e\"> </span>sociale <span class=\"_ _e\"> </span>sottoscritto <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>versato <span class=\"_ _e\"> </span>dai <span class=\"_ _e\"> </span>soci <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>minoranza <span class=\"_ _e\"> </span>della </span></span>societ\u00e0  <span class=\"ff5\">Horowatt  Srl,  mentre  il  valore  dell\u2019esercizio  precedente  si  riferisce  all\u2019aumento  sotto<span class=\"_ _3\"></span>scritto  dai  soci  di </span>minoranza della societ<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>A.C.R. di R<span class=\"_ _3\"></span>eggiani Albertino Spa.<span class=\"_ _75\"> </span>Dividendi pagati ad azioni<span class=\"_ _3\"></span>sti Hera e intere<span class=\"_ _3\"></span>ssenze di minoranza Il valore si riferisce a<span class=\"_ _3\"></span>i dividendi pagati nel c<span class=\"_ _3\"></span>orso dell\u2019esercizio 20<span class=\"_ _3\"></span>2<span class=\"_ _5\"></span><span class=\"ff1\">4 <span class=\"ls10\">a:</span> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">soci della Capogruppo <span class=\"_ _3\"></span>per 201,9 milioni di euro; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">soci <span class=\"_ _5\"></span>di mino<span class=\"_ _5\"></span>ranza per <span class=\"_ _5\"></span>46,9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di euro, <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>9,5<span class=\"_ _5\"></span> milioni <span class=\"_ _5\"></span>di euro <span class=\"_ _5\"></span>corrisposti <span class=\"_ _5\"></span>ai s<span class=\"_ _5\"></span>oci di <span class=\"_ _5\"></span>minoranza<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>nei c<span class=\"_ _5\"></span>onfronti </span></span>dei  quali  il <span class=\"_ _4\"> </span>Gruppo  ha  r<span class=\"_ _5\"></span>ilevato  negli  esercizi  precedenti  debiti  per  opzioni  di  vendita<span class=\"_ _6\"></span>,<span class=\"_ _3\"></span>  come  co<span class=\"_ _5\"></span>mmentato<span class=\"_ _3\"></span> precedentemente. Si segnala, infine, ch<span class=\"_ _3\"></span>e non s<span class=\"ff5\">ono presenti nell\u2019esercizio <span class=\"_ _3\"></span>202<span class=\"ff1\">4<span class=\"_ _5\"></span> flussi non m<span class=\"_ _3\"></span>onetari dovuti a differe<span class=\"_ _3\"></span>nze cambio. </span></span>28 <span class=\"ls0\"> Flussi <span class=\"ffd\">mone<span class=\"_ _3\"></span>tari dell\u2019atti<span class=\"_ _3\"></span>vit\u00e0 di investime<span class=\"ff8\">nt<span class=\"_ _3\"></span>o </span></span></span>Investimenti in impres<span class=\"_ _3\"></span>e controllate e rami <span class=\"_ _3\"></span>aziendali al netto delle dispo<span class=\"_ _3\"></span>nibilit\u00e0 liquide Per <span class=\"_ _5\"></span>maggiori dettagli <span class=\"_ _5\"></span>sulle <span class=\"_ _5\"></span>operazioni d<span class=\"_ _5\"></span>i acquisizione<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">realizzate n<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>orso dell\u2019esercizio <span class=\"_ _5\"></span>202</span>4 <span class=\"_ _7\"></span>si rimanda <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>paragrafo 2.02.10 \u201cAltre inform<span class=\"_ _3\"></span>azioni\u201d.<span class=\"ff1\"> </span>Si <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>iporta <span class=\"_ _e\"></span>nella <span class=\"_ _e\"> </span>tabella <span class=\"_ _d\"> </span>seguente <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>dettaglio <span class=\"_ _f\"> </span>degli <span class=\"_ _e\"> </span>esborsi <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>cassa <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>delle <span class=\"_ _e\"> </span>disponibilit\u00e0 <span class=\"_ _d\"> </span>liquide <span class=\"_ _e\"> </span>ac<span class=\"_ _5\"></span>quisit<span class=\"_ _3\"></span>e, <span class=\"_ _d\"> </span>laddove presenti, relativamente<span class=\"_ _3\"></span> agli investimenti in <span class=\"_ _3\"></span>imprese e rami azien<span class=\"_ _3\"></span>dali effettuati nel perio<span class=\"_ _3\"></span>do.<span class=\"_ _7\"></span> 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>TRS ECOLOGY SRL TRIVENETA SCARL RAMO  SOELIA ALTRE  MINORI TOTALE INVESTIMENTI Esborsi di cassa ch<span class=\"_ _3\"></span>e hanno portato all'ottenimento del c<span class=\"_ _3\"></span>ontrollo 23,6 1,0 8,7 0,1 33,4 Disponibilit\u00e0 liquide a<span class=\"_ _3\"></span>cquisite (0,1) (0,2) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(0,3) Investimenti in im<span class=\"_ _3\"></span>prese controllat<span class=\"_ _3\"></span>e e rami aziendali al n<span class=\"_ _3\"></span>etto delle disponibilit\u00e0 liq<span class=\"_ _3\"></span>uide 23,5 0,8 8,7 0,1 33,1 Esborsi di cassa in <span class=\"_ _3\"></span>partecipazioni non controllate \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>0,4 0,4 Investimenti in im<span class=\"_ _3\"></span>prese controllat<span class=\"_ _3\"></span>e, rami aziendali e altr<span class=\"_ _3\"></span>e partecipazioni 23,5 0,8 8,7 0,5 33,5 Incremento/decremento di<span class=\"_ _3\"></span> altre attivit\u00e0 di inves<span class=\"_ _3\"></span>timento Di seguito s<span class=\"_ _5\"></span>i riportano le inf<span class=\"_ _5\"></span><span class=\"ff5\">ormazioni sulle variazioni delle <span class=\"_ _5\"></span>altre attivit\u00e0 di<span class=\"_ _5\"></span> investimento intercorse nell\u2019eserci<span class=\"_ _3\"></span>zio 2024<span class=\"_ _7\"></span><span class=\"ff1 ls1e\">, </span></span>distinte tra flussi mo<span class=\"_ _3\"></span>netari e flussi non monet<span class=\"_ _3\"></span>ari. TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. (A) FLUSSI NON MON<span class=\"_ _3\"></span>ETARI FLUSSI MONETARI (F)=[(B)+(C)<span class=\"_ _75\"> </span>+(D)+(E)]-<span class=\"_ _75\"> </span>(A) ACQUISIZIONI  CESSIONI (B) COMPONENTI ECONOMICHE VALUTATIVE (C) VARIAZIONI FAIR VALUE (D) ALTRE VARIAZIONI (E) Attivit\u00e0 finanziarie correnti e non correnti 181,1 253,7 (72,6) \u2010<span class=\"ff12\"> </span>9,2 - (0,6) 81,2 \u201cComponenti <span class=\"_ _5\"></span>economiche <span class=\"_ _5\"></span>valutative\u201d <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span><span class=\"ff1\">proventi <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>attualizzazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inanziari <span class=\"_ _7\"></span>non <span class=\"_ _5\"></span>correnti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span><span class=\"lse\">6,<span class=\"_ _5\"></span></span>8 </span>milioni <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>euro <span class=\"_ _d\"> </span>come <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>iportato <span class=\"_ _e\"></span>alla <span class=\"_ _e\"> </span>nota <span class=\"_ _f\"> </span>9 <span class=\"_ _d\"> </span><span class=\"ff5\">\u201cProventi <span class=\"_ _e\"> </span>finanziari\u201d</span> <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>gli <span class=\"_ _d\"> </span>effetti <span class=\"_ _d\"> </span>economici <span class=\"_ _e\"></span>della <span class=\"_ _f\"> </span>rivalutazion<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>crediti finanziari relativi a finanziamenti concessi<span class=\"_ _3\"></span> a societ\u00e0 valutate a patrimonio netto e ad altre partecipazioni minori,<span class=\"_ _7\"></span> come illustrato alla nota <span class=\"ff5\">9 \u201cProventi fi<span class=\"_ _3\"></span>nanziari\u201d<span class=\"ff1\">. </span></span>Il <span class=\"_ _6\"></span>flusso <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>onetario <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>perio<span class=\"_ _3\"></span>do <span class=\"_ _6\"></span>accoglie <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>particolare <span class=\"_ _6\"></span>l\u2019incas<span class=\"_ _3\"></span>so <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>mese <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>gennaio <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>dell<span class=\"_ _5\"></span><span class=\"ff1\">a <span class=\"_ _6\"></span>cessione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>crediti </span>d\u2019imposta per efficie<span class=\"_ _3\"></span>ntamento energetic<span class=\"_ _3\"></span>o conclus<span class=\"_ _5\"></span><span class=\"ff1\">a </span>al termine <span class=\"_ _3\"></span>dell\u2019esercizio<span class=\"ff1\"> 2023, per 43,6 milioni di eur<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span>. </span><div class=\"c w2 h0 gscaf\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 lsb ws0\">39<span class=\"ls0\">  <span class=\"ffd\">Flussi mon<span class=\"_ _3\"></span>etari dell\u2019atti<span class=\"_ _3\"></span>vit\u00e0 operativa<span class=\"ff8\"> </span></span></span></div><div class=\"t m0 x1b h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c y479 ff3 fs1 fc1 sc0 ls0 ws0\">Variazione capitale circol<span class=\"_ _3\"></span>ante netto </div><div class=\"t m0 x1b h3 y47a ff1 fs1 fc1 sc0 ls0 ws0\">Di <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>eguito <span class=\"_ _e\"> </span>si <span class=\"_ _d\"> </span>riportano <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>inf<span class=\"_ _5\"></span><span class=\"ff5\">ormazioni <span class=\"_ _e\"> </span>sulle <span class=\"_ _d\"> </span>variazioni <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>capitale <span class=\"_ _d\"> </span>circolante <span class=\"_ _e\"> </span>netto <span class=\"_ _d\"> </span>intercorse <span class=\"_ _d\"> </span>nell\u2019esercizio <span class=\"_ _e\"> </span>202<span class=\"_ _7\"></span></span>4<span class=\"ls1e\">, </span></div><div class=\"t m0 x1b h3 y47b ff1 fs1 fc1 sc0 ls0 ws0\">distinte tra flussi mo<span class=\"_ _3\"></span>netari e flussi non monet<span class=\"_ _3\"></span>ari. </div><div class=\"t m0 x1b h3 y47c ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2e6 h8e gscb0\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TIPOLOGIA </div></div><div class=\"c w69 h8e gscb1\"><div class=\"t m0 x13 h13 y28 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2e7 h8e gscb2\"><div class=\"t m0 x13 h13 y28 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w1dc h8e gscb3\"><div class=\"t m0 xc0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div><div class=\"t m0 xa5 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">(A) </div></div><div class=\"c w2ea h8e gscb4\"><div class=\"t m0 xaa h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">FLUSSI NON MON<span class=\"_ _3\"></span>ETARI </div></div><div class=\"c w23c h374 gscb5\"><div class=\"t m0 xf h13 y1591 ff2 fs3 fc2 sc0 ls0 ws0\">FLUSSI </div><div class=\"t m0 x5 h13 y1de2 ff2 fs3 fc2 sc0 ls0 ws0\">MONETARI </div><div class=\"t m0 x9f h13 y126d ff2 fs3 fc2 sc0 ls0 ws0\">(F)=[(B)+(C)<span class=\"_ _75\"> </span></div><div class=\"t m0 x14 h13 y12ad ff2 fs3 fc2 sc0 ls0 ws0\">+(D)+(E)]-<span class=\"_ _75\"> </span></div><div class=\"t m0 x32 h13 y625 ff2 fs3 fc2 sc0 ls0 ws0\">(A) </div></div><div class=\"c w2eb h156 gscb6\"><div class=\"t m0 x14 h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">ACQUISIZIONI  </div><div class=\"t m0 xa9 h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">CESSIONI </div><div class=\"t m0 xae h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(B) </div></div><div class=\"c w2ec h156 gscb7\"><div class=\"t m0 x5 h13 y87 ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI </div><div class=\"t m0 x9f h13 y5e6 ff2 fs3 fc2 sc0 ls0 ws0\">ECONOMICHE </div><div class=\"t m0 x15 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">VALUTATIVE </div><div class=\"t m0 xa8 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">(C) </div></div><div class=\"c w2ed h156 gscb8\"><div class=\"t m0 x182 h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI </div><div class=\"t m0 x14 h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 xa8 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(D) </div></div><div class=\"c w2ee h156 gscb9\"><div class=\"t m0 xbc h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE </div><div class=\"t m0 xc h13 y61f ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI </div><div class=\"t m0 x53 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(E) </div></div><div class=\"c w2e6 h3c gscba\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Rimanenze </div></div><div class=\"c w69 h3c gscbb\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">168,1 </div></div><div class=\"c w2e7 h3c gscbc\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">198,5 </div></div><div class=\"c w1dc h3c gscbd\"><div class=\"t m0 xf hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(30,4) </div></div><div class=\"c w2eb h3c gscbe\"><div class=\"t m0 xae hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2ec h3c gscbf\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">9,0 </div></div><div class=\"c w23c h3c gscc0\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">39,5 </div></div><div class=\"c w2e6 h3c gscc1\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti commerci<span class=\"_ _3\"></span>ali </div></div><div class=\"c w69 h3c gscc2\"><div class=\"t m0 xb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.172,5 </div></div><div class=\"c w2e7 h3c gscc3\"><div class=\"t m0 xb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.586,8 </div></div><div class=\"c w1dc h3c gscc4\"><div class=\"t m0 x13 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(414,3) </div></div><div class=\"c w2eb h3c gscc5\"><div class=\"t m0 xdb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w2ec h3c gscc6\"><div class=\"t m0 xa6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(123,0) </div></div><div class=\"c w2ed h3c gscc7\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(10,2) </div></div><div class=\"c w2ee h3c gscc8\"><div class=\"t m0 xc0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(1.081,0) </div></div><div class=\"c w23c h3c gscc9\"><div class=\"t m0 x9d hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(800,9) </div></div><div class=\"c w2e6 h3c gscca\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti commerciali </div></div><div class=\"c w69 h3c gsccb\"><div class=\"t m0 xf hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(2.723,9) </div></div><div class=\"c w2e7 h3c gsccc\"><div class=\"t m0 xf hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(2.619,3) </div></div><div class=\"c w1dc h3c gsccd\"><div class=\"t m0 x13 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(104,6) </div></div><div class=\"c w2eb h3c gscce\"><div class=\"t m0 xdb hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w2ee h3c gsccf\"><div class=\"t m0 xa9 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(153,5) </div></div><div class=\"c w23c h3c gscd0\"><div class=\"t m0 xbc hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(49,0) </div></div><div class=\"c w2e6 h123 gscd1\"><div class=\"t m0 x0 hf yd12 ff4 fs3 fc1 sc0 ls0 ws0\">Altre </div><div class=\"t m0 x0 hf y103a ff4 fs3 fc1 sc0 ls0 ws0\">attivit\u00e0/passivit\u00e0 </div><div class=\"t m0 x0 hf ybff ff4 fs3 fc1 sc0 ls0 ws0\">correnti, compresi </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">contratti con clienti </div></div><div class=\"c w69 h123 gscd2\"><div class=\"t m0 xaa hf y1e79 ff4 fs3 fc1 sc0 ls0 ws0\">(347,6) </div></div><div class=\"c w2e7 h123 gscd3\"><div class=\"t m0 xaa hf y1e79 ff4 fs3 fc1 sc0 ls0 ws0\">(942,3) </div></div><div class=\"c w1dc h123 gscd4\"><div class=\"t m0 xc0 hf y1e79 ff4 fs3 fc1 sc0 ls0 ws0\">594,7 </div></div><div class=\"c w2eb h123 gscd5\"><div class=\"t m0 xdb hf y1e79 ff4 fs3 fc1 sc0 ls0 ws0\">(1,9) </div></div><div class=\"c w2ec h123 gscd6\"><div class=\"t m0 xa3 hf y1e79 ff4 fs3 fc1 sc0 ls0 ws0\">57,0 </div></div><div class=\"c w2ed h123 gscd7\"><div class=\"t m0 xa3 hf y1e79 ff4 fs3 fc1 sc0 ls0 ws0\">23,7 </div></div><div class=\"c w2ee h123 gscd8\"><div class=\"t m0 xa6 hf y1e79 ff4 fs3 fc1 sc0 ls0 ws0\">954,1 </div></div><div class=\"c w23c h123 gscd9\"><div class=\"t m0 xa9 hf y1e79 ff4 fs3 fc1 sc0 ls0 ws0\">438,2 </div></div><div class=\"c w2e6 h8e gscda\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc1 sc0 ls0 ws0\">Variazione capital<span class=\"_ _3\"></span>e </div><div class=\"t m0 x0 h13 y74 ff2 fs3 fc1 sc0 ls0 ws0\">circolante </div></div><div class=\"c w69 h8e gscdb\"><div class=\"t m0 xa2 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">269,1 </div></div><div class=\"c w2e7 h8e gscdc\"><div class=\"t m0 xa2 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">223,7 </div></div><div class=\"c w1dc h8e gscdd\"><div class=\"t m0 xb h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">45,4 </div></div><div class=\"c w2eb h8e gscde\"><div class=\"t m0 xdb h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">(2,9) </div></div><div class=\"c w2ec h8e gscdf\"><div class=\"t m0 x16 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">(57,0) </div></div><div class=\"c w2ed h8e gsce0\"><div class=\"t m0 xa3 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">13,5 </div></div><div class=\"c w2ee h8e gsce1\"><div class=\"t m0 xa9 h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">(280,4) </div></div><div class=\"c w23c h8e gsce2\"><div class=\"t m0 x9d h13 y5e2 ff2 fs3 fc1 sc0 ls0 ws0\">(372,2) </div></div><div class=\"c w2 h0 gscaf\"><div class=\"t m0 x1b h3 y14c8 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAcquisizioni <span class=\"_ _6\"> </span>e <span class=\"_ _d\"> </span>cessioni\u201d <span class=\"_ _e\"> </span><span class=\"ff1\">accolgono <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>effetti <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>erivanti <span class=\"_ _6\"></span>dalle <span class=\"_ _e\"></span>operazioni <span class=\"_ _e\"> </span>di <span class=\"_ _e\"></span>acquisizione <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>controllo <span class=\"_ _6\"></span>effettuate <span class=\"_ _e\"></span>ne<span class=\"_ _7\"></span><span class=\"ls23\">l </span></span></div><div class=\"t m0 x1b h3 yde1 ff5 fs1 fc1 sc0 ls0 ws0\">corso dell\u2019esercizi<span class=\"_ _3\"></span>o 20<span class=\"ff1\">24, come illustrato nel paragrafo </span>2.02.10 \u201cA<span class=\"_ _3\"></span>ltre informazioni\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 y1e7a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y957 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cComponenti economi<span class=\"_ _3\"></span>che valutative\u201d accolgon<span class=\"_ _3\"></span>o principalmente:<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h5a y1e7b ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">l\u2019accantonamento<span class=\"ff1\"> netto a fondo <span class=\"_ _3\"></span>svalutazione crediti per 122,4 milioni di e<span class=\"_ _3\"></span>uro negativi; </span></span></span></div><div class=\"t m0 x1b h5a y99e ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">i proventi <span class=\"_ _5\"></span>relativi <span class=\"ls10\">al</span> p<span class=\"_ _5\"></span>rocesso <span class=\"ls10\">di</span> attualizzazione dei <span class=\"_ _5\"></span>crediti <span class=\"ff5\">d\u2019<span class=\"_ _5\"></span>imposta</span> <span class=\"lse\">da</span> <span class=\"_ _5\"></span>sconto <span class=\"ls23\">in<span class=\"_ _5\"></span></span> fattura, <span class=\"_ _5\"></span>per 51,5 <span class=\"_ _5\"></span>milioni <span class=\"ls10\">di</span> e<span class=\"_ _5\"></span>uro </span></span></div><div class=\"t m0 x59 h3 y1e7c ff1 fs1 fc1 sc0 ls0 ws0\">positivi, come riportato alla nota 9 <span class=\"ff5\">\u201cPro<span class=\"_ _3\"></span>venti<span class=\"ff1\"> </span>finanziari\u201d;<span class=\"ff1\"> </span></span></div><div class=\"t m0 x1b h5a y32a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le <span class=\"_ _f\"> </span>quote <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>competenza <span class=\"_ _f\"> </span>del <span class=\"_ _d\"> </span>per<span class=\"_ _5\"></span>iodo <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>contributi <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>n <span class=\"_ _f\"> </span>conto  i<span class=\"_ _3\"></span>mpianti, <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>cui <span class=\"_ _f\"> </span>ammontare <span class=\"_ _f\"> </span>complessivo<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>stato </span></span></div><div class=\"t m0 x59 h3 y32b ff1 fs1 fc1 sc0 ls0 ws0\">incassato negli eserciz<span class=\"_ _3\"></span>i precedenti, per 14,5 <span class=\"ff5\">milioni di euro positi<span class=\"_ _3\"></span>vi, come riportato alla <span class=\"_ _3\"></span>nota 2 \u201cAltri <span class=\"ff1\">p<span class=\"_ _5\"></span>roventi</span><span class=\"ls13\">\u201d.</span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x1b h5a yc4d ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">l<span class=\"ff5\">\u2019adeguamento</span> della svalutazio<span class=\"_ _3\"></span>ne delle giacenze <span class=\"ls10\">di</span> gas meta<span class=\"_ _3\"></span>no per 9<span class=\"ls16\">,6</span> milioni <span class=\"ls10\">di<span class=\"_ _3\"></span><span class=\"ls0\"> euro positivi. </span></span></span></span></div><div class=\"t m0 x1b h3 y11d3 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y11d4 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cVariazioni fair val<span class=\"_ _3\"></span>ue\u201d accolgono:<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h5a y112 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">la <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>cer<span class=\"_ _5\"></span>tificati a<span class=\"_ _5\"></span>mbientali e <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>obblighi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>missione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>serra <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ssegnati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>Gruppo, <span class=\"_ _5\"></span>oltre <span class=\"_ _e\"></span><span class=\"ls10\">al</span>la </span></span></div><div class=\"t m0 x59 h3 y91e ff1 fs1 fc1 sc0 ls0 ws0\">valorizzazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>ter<span class=\"_ _3\"></span>mine <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ompravendita <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>quote <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>emissioni <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _6\"></span>serra, <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>comple<span class=\"_ _3\"></span>ssivi </div><div class=\"t m0 x59 h3 yc6 ff1 fs1 fc1 sc0 ls0 ws0\">8,5 milioni di euro positivi<span class=\"ff5\">, come<span class=\"_ _3\"></span> riportato alle note 37 \u201cAl<span class=\"_ _3\"></span>tre attivit\u00e0 correnti\u201d e 38 <span class=\"_ _3\"></span>\u201cAltre passivit\u00e0 corren<span class=\"_ _3\"></span>ti\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div><div class=\"t m0 x1b h5a y862 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">la <span class=\"_ _e\"></span>valutazione <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ia <span class=\"_ _6\"></span>de<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _e\"> </span><span class=\"ff5\">commerciali <span class=\"_ _e\"> </span>sia <span class=\"_ _e\"> </span>dei <span class=\"_ _6\"> </span>cred<span class=\"_ _5\"></span>iti <span class=\"_ _6\"></span>d\u2019imposta <span class=\"_ _d\"> </span>correlati <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>ll\u2019applica<span class=\"_ _3\"></span>zione <span class=\"_ _e\"> </span>dello </span></span></span></div><div class=\"t m0 x59 h3 ye2e ff1 fs1 fc1 sc0 ls0 ws0\">sconto <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>fattura <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>relazione <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>interventi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>fficientam<span class=\"_ _3\"></span>ento <span class=\"_ _7\"></span>energetico <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>resso <span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>ienti <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inali <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>5 <span class=\"_ _5\"></span>mil<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>euro </div><div class=\"t m0 x59 h3 y90c ff1 fs1 fc1 sc0 ls0 ws0\">positivi, come riportato a<span class=\"_ _3\"></span>lla nota 10 <span class=\"ff5\">\u201cOneri finanziari\u201d</span>. </div><div class=\"t m0 x1b h3 y1057 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 ye31 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltre <span class=\"_ _7\"></span>variazioni\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ompensazioni <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll\u2019intern<span class=\"_ _3\"></span>o <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>capitale <span class=\"_ _7\"></span>circolante <span class=\"_ _7\"></span>netto <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>operazioni <span class=\"_ _7\"></span>che </div><div class=\"t m0 x1b h3 y1058 ff1 fs1 fc1 sc0 ls0 ws0\">prevedono <span class=\"_ _e\"> </span>la <span class=\"_ _d\"> </span>rappresentazione<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>lorda <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>passivit\u00e0<span class=\"_ _5\"></span>. <span class=\"_ _d\"> </span>La <span class=\"_ _e\"> </span>voce <span class=\"_ _d\"> </span>risente <span class=\"_ _d\"> </span><span class=\"ff5\">dell\u2019iscrizione <span class=\"_ _e\"> </span>degli <span class=\"_ _d\"> </span>importi <span class=\"_ _e\"> </span>relativi <span class=\"_ _e\"> </span>al </span></div><div class=\"t m0 x1b h3 y1059 ff1 fs1 fc1 sc0 ls0 ws0\">settlement <span class=\"_ _e\"></span>gas <span class=\"_ _6\"></span><span class=\"ff5\">c<span class=\"_ _5\"></span>lassificati <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _6\"></span>2023 <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>voce <span class=\"_ _e\"> </span>\u201cPassivit\u00e0 <span class=\"_ _6\"></span>finanziarie\u201d<span class=\"_ _5\"></span></span> <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>154,1 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>co<span class=\"_ _5\"></span>me </div><div class=\"t m0 x1b h43 ye33 ff5 fs1 fc1 sc0 ls0 ws0\">meglio precisato ne<span class=\"_ _5\"></span>l paragrafo 2.02.01 <span class=\"_ _5\"></span>\u201cIntroduzio<span class=\"_ _3\"></span>ne\u201d<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>nonch\u00e9 dell\u2019utilizzo di <span class=\"_ _5\"></span>crediti di <span class=\"_ _5\"></span>natura fiscale <span class=\"_ _5\"></span>iscritti tra l<span class=\"_ _5\"></span>e altre </div><div class=\"t m0 x1b h3 y160a ff1 fs1 fc1 sc0 ls0 ws0\">attivit\u00e0 correnti a<span class=\"_ _5\"></span>i fini <span class=\"_ _5\"></span>di compensazione in <span class=\"_ _5\"></span>modo da <span class=\"_ _5\"></span>rappresentare le <span class=\"_ _7\"></span>effettive uscite d<span class=\"_ _5\"></span>i cassa <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>imposte sul <span class=\"_ _5\"></span>reddito </div><div class=\"t m0 x1b h3 y1503 ff1 fs1 fc1 sc0 ls0 ws0\">pagate nel periodo. </div><div class=\"t m0 x1b h3 ye35 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h6c yfec ff3 fs1 fc1 sc0 ls0 ws0\">Dividendi incassati </div><div class=\"t m0 x1b h3 y160b ff5 fs1 fc1 sc0 ls0 ws0\">Nel <span class=\"_ _5\"></span>corso <span class=\"_ _7\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>202<span class=\"ff1\">4 <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tati <span class=\"_ _5\"></span>incassati <span class=\"_ _5\"></span>dividendi <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _5\"></span>consolidate <span class=\"_ _5\"></span>secondo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>patrimonio </span></div><div class=\"t m0 x1b h3 ye36 ff1 fs1 fc1 sc0 ls0 ws0\">netto per 4,9 <span class=\"_ _5\"></span>milioni di euro (8,7 milioni di euro al 31 d<span class=\"_ _5\"></span>icembre 2023) e da <span class=\"_ _5\"></span>partecipazioni detenut<span class=\"_ _3\"></span>e in a<span class=\"_ _5\"></span>ltre societ\u00e0 per </div><div class=\"t m0 x1b h3 y160c ff1 fs1 fc1 sc0 ls10 ws0\">7,<span class=\"ls0\">9 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span><span class=\"lse\">6,</span>4 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023)<span class=\"_ _5\"></span>. <span class=\"_ _7\"></span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ettagli <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>rim<span class=\"_ _3\"></span>anda <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>note <span class=\"_ _6\"></span>9 <span class=\"_ _6\"></span><span class=\"ff5\">\u201cProventi </span></span></div><div class=\"t m0 x1b h3 y160d ff5 fs1 fc1 sc0 ls0 ws0\">finanziari\u201d e 26 \u201cPart<span class=\"_ _3\"></span>ecipazioni<span class=\"ff1\"> valutate con il metodo del p<span class=\"_ _3\"></span>atrimonio netto e Altre<span class=\"_ _3\"></span> partecipazioni<span class=\"ff5 ls13\">\u201d.<span class=\"_ _5\"></span></span> </span></div><div class=\"t m0 x1b h3 y160e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y15e9 ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff3 fs1 fc1\"> </span></div></div><div class=\"c w2 h0 gsce4\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y172 ff3 fs1 fc1 sc0 ls0 ws0\">Interessi netti pagati </div><div class=\"t m0 x23 h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">Di seguito s<span class=\"_ _5\"></span>i riporta l<span class=\"_ _5\"></span>a riconciliazione tra <span class=\"_ _5\"></span>i valori di <span class=\"_ _5\"></span>bilancio di <span class=\"_ _5\"></span>proventi e <span class=\"_ _5\"></span>oneri finanziari e <span class=\"_ _5\"></span>i relativi <span class=\"_ _5\"></span>flussi di <span class=\"_ _5\"></span>cassa<span class=\"_ _7\"></span> <span class=\"_ _5\"></span>netti </div><div class=\"t m0 x23 h3 y174 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019esercizio.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y175 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w328 h8e gsce5\"><div class=\"t m0 x0 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">TIPOLOGIA </div></div><div class=\"c w329 h8e gsce6\"><div class=\"t m0 x14 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">2024 </div><div class=\"t m0 x1a3 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">(A) </div></div><div class=\"c w32a h8e gsce7\"><div class=\"t m0 xc7 h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI NO<span class=\"_ _3\"></span>N MONETARIE </div></div><div class=\"c w281 h376 gsce8\"><div class=\"t m0 xb h13 y1e7d ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI </div><div class=\"t m0 xa2 h13 y37c ff2 fs3 fc2 sc0 ls0 ws0\">MONETARIE </div><div class=\"t m0 xdb h13 yda2 ff2 fs3 fc2 sc0 ls0 ws0\">(E)=(A)-<span class=\"_ _75\"> </span></div><div class=\"t m0 xa2 h13 y16d ff2 fs3 fc2 sc0 ls0 ws0\">[(B)+(C)+(D)] </div></div><div class=\"c w32c h156 gsce9\"><div class=\"t m0 xfd h13 y87 ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI </div><div class=\"t m0 x4 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">ECONOMICHE </div><div class=\"t m0 x30 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">VALUTATIVE </div><div class=\"t m0 xce h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">(B) </div></div><div class=\"c w32d h156 gscea\"><div class=\"t m0 xc0 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI FAIR <span class=\"_ _3\"></span>VALUE </div><div class=\"t m0 x82 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">(C) </div></div><div class=\"c w32b h156 gsceb\"><div class=\"t m0 xa3 h13 y11f1 ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE </div><div class=\"t m0 xb h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONI  </div><div class=\"t m0 x8c h13 y28 ff2 fs3 fc2 sc0 ls0 ws0\">(D) </div></div><div class=\"c w328 h3c gscec\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Proventi finanziari </div></div><div class=\"c w329 h3c gsced\"><div class=\"t m0 x17 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">202,5 </div></div><div class=\"c w32c h3c gscee\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">60,7 </div></div><div class=\"c w32d h3c gscef\"><div class=\"t m0 x63 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">72,2 </div></div><div class=\"c w32b h3c gscf0\"><div class=\"t m0 xae hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">12,8 </div></div><div class=\"c w281 h3c gscf1\"><div class=\"t m0 x92 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">56,8 </div></div><div class=\"c w328 h3c gscf2\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri finanziari </div></div><div class=\"c w329 h3c gscf3\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(308,5) </div></div><div class=\"c w32c h3c gscf4\"><div class=\"t m0 x153 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(96,0) </div></div><div class=\"c w32d h3c gscf5\"><div class=\"t m0 xce hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(17,8) </div></div><div class=\"c w32b h3c gscf6\"><div class=\"t m0 x1 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(2,1) </div></div><div class=\"c w281 h3c gscf7\"><div class=\"t m0 x1c hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(192,6) </div></div><div class=\"c w328 h3c gscf8\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w329 h3c gscf9\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(106,0) </div></div><div class=\"c w32c h3c gscfa\"><div class=\"t m0 x153 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(35,3) </div></div><div class=\"c w32d h3c gscfb\"><div class=\"t m0 x63 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">54,4 </div></div><div class=\"c w32b h3c gscfc\"><div class=\"t m0 xae h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">10,7 </div></div><div class=\"c w281 h3c gscfd\"><div class=\"t m0 x1c h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(135,8) </div></div><div class=\"c w2 h0 gsce4\"><div class=\"t m0 x23 h43 y1e81 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cComponenti economiche valutative\u201d <span class=\"_ _5\"></span>accolgono oneri e <span class=\"_ _5\"></span>proventi derivanti sia <span class=\"_ _5\"></span>dalla valutazione <span class=\"_ _5\"></span>a costo a<span class=\"_ _5\"></span>mmortizzato<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y578 ff1 fs1 fc1 sc0 ls0 ws0\">sia <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>processo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>attualizzazione <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _5\"></span>contraddistinte <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>flussi <span class=\"_ _5\"></span>monetari <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>realizzeranno <span class=\"_ _5\"></span><span class=\"ls10\">ne</span>gli </div><div class=\"t m0 x23 h3 y1e82 ff1 fs1 fc1 sc0 ls0 ws0\">esercizi <span class=\"_ _6\"></span>successivi, <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>partecipazioni <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>alutate <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>metodo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>netto<span class=\"ls1e\">, </span></div><div class=\"t m0 x23 h3 y1e83 ff1 fs1 fc1 sc0 ls0 ws0\">come riportato alle n<span class=\"_ _3\"></span>ote 9 <span class=\"ff5\">\u201c<span class=\"_ _5\"></span>Prov<span class=\"_ _3\"></span>enti finanziari\u201d e 1<span class=\"ff1\">0 </span>\u201cOneri finan<span class=\"_ _3\"></span>ziari\u201d.<span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h3 y57b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1e84 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cVariazioni <span class=\"_ _5\"></span>fair <span class=\"_ _7\"></span>value\u201d <span class=\"_ _7\"></span>accolgono <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>valutazioni <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>corrent<span class=\"_ _5\"></span><span class=\"ff1\">e <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie, <span class=\"_ _7\"></span>principalmente </span></div><div class=\"t m0 x23 h3 y1e85 ff1 fs1 fc1 sc0 ls0 ws0\">riferibili a: </div><div class=\"t m0 x23 h5a y932 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">opzioni di vendita <span class=\"_ _3\"></span>e corrispettivi potenziali, <span class=\"_ _3\"></span>per un effetto netto <span class=\"_ _3\"></span>complessivo di <span class=\"_ _5\"></span><span class=\"ls10\">49</span>,9 milioni di <span class=\"_ _3\"></span>euro positivi; </span></span></div><div class=\"t m0 x23 h5a y10c8 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">rettifica <span class=\"_ _f\"> </span>apportata <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>valore  c<span class=\"_ _3\"></span>ontabile <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>un  pre<span class=\"_ _3\"></span>stito <span class=\"_ _f\"> </span>obbligazionario <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>valuta<span class=\"_ _7\"></span><span class=\"ls16\">, <span class=\"_ _f\"> </span></span>per  ef<span class=\"_ _3\"></span>fetto <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>relazione <span class=\"_ _f\"> </span>di </span></span></div><div class=\"t m0 x63 h3 yc98 ff1 fs1 fc1 sc0 ls0 ws0\">copertura in fair value hedge, <span class=\"ff5\">ch<span class=\"_ _3\"></span>e ha comportato l\u2019iscri<span class=\"_ _3\"></span>zione di <span class=\"ff1\">oneri per <span class=\"ls10\">21</span>,2 milioni di e<span class=\"_ _3\"></span>uro; </span></span></div><div class=\"t m0 x23 h5a y1e86 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">derivati <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>copertura <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>tassi <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>cambi <span class=\"_ _6\"></span>che <span class=\"_ _5\"></span>h<span class=\"_ _5\"></span>anno <span class=\"_ _7\"></span>comportato <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>rilevazione <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>netti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alutazione <span class=\"_ _7\"></span>per </span></span></div><div class=\"t m0 x63 h3 y7d1 ff1 fs1 fc1 sc0 ls10 ws0\">20<span class=\"ls0\">,6 milioni <span class=\"_ _3\"></span>di euro positivi; </span></div><div class=\"t m0 x23 h5a y15d1 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">crediti <span class=\"_ _d\"> </span>correlati <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>l\u2019applica<span class=\"_ _3\"></span>zione <span class=\"_ _d\"> </span>dello <span class=\"_ _d\"> </span>sconto <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>fattura <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>relazione <span class=\"_ _e\"> </span>a <span class=\"_ _f\"> </span>interventi <span class=\"_ _e\"> </span>agevolabili <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>fficientament<span class=\"_ _3\"></span>o </span></span></div><div class=\"t m0 x63 h3 y1d31 ff1 fs1 fc1 sc0 ls0 ws0\">energetico realizzati <span class=\"_ _3\"></span>per conto di clienti finali <span class=\"_ _3\"></span>per 5 milioni di euro<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>positivi. </div><div class=\"t m0 x23 h3 ycd6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y14f0 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltre <span class=\"_ _5\"></span>variazioni\u201d <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span><span class=\"ff1\">dividendi corrisposti <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>altre <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>minori, <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>flusso <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>cassa </span></div><div class=\"t m0 x23 h3 y17de ff1 fs1 fc1 sc0 ls0 ws0\">del periodo \u00e8 espost<span class=\"_ _3\"></span>o in una voce specifica d<span class=\"_ _3\"></span>el rendiconto finanz<span class=\"_ _3\"></span>iario per <span class=\"_ _5\"></span><span class=\"ls10\">7,</span>9 milioni di euro. </div><div class=\"t m0 x23 h3 y1e87 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1b97 ff1 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _5\"></span>segnala, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>flusso <span class=\"_ _5\"></span>monetario <span class=\"_ _5\"></span>relativo <span class=\"_ _5\"></span>agli <span class=\"_ _7\"></span>interessi <span class=\"_ _7\"></span>finanziari <span class=\"_ _5\"></span>pagati <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>pagato <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>periodo </div><div class=\"t m0 x23 h3 y13e8 ff1 fs1 fc1 sc0 ls0 ws0\">per gli oneri su leasi<span class=\"_ _3\"></span>ng, pari a 2,9 milioni di<span class=\"_ _3\"></span> euro.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h6c y4c5 ff3 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h6c y4c6 ff3 fs1 fc1 sc0 ls0 ws0\">Imposte pagate </div><div class=\"t m0 x23 h3 y4c7 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y4c8 ff1 fs1 fc1 sc0 ls0 ws0\">Si riporta il dettaglio per tip<span class=\"_ _3\"></span>ologia di imposta d<span class=\"_ _3\"></span>ei flussi che compongon<span class=\"_ _3\"></span>o la voce:<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y4c9 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c wd3 h90 gscfe\"><div class=\"t m0 x64 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c wd3 h90 gscff\"><div class=\"t m0 x64 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c wd2 h3c gsd00\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Imposte sul reddito </div></div><div class=\"c wd3 h3c gsd01\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">180,0 </div></div><div class=\"c wd3 h3c gsd02\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">92,9 </div></div><div class=\"c wd2 h3c gsd03\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Imposta sostituti<span class=\"_ _3\"></span>va </div></div><div class=\"c wd3 h3c gsd04\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">13,3 </div></div><div class=\"c wd3 h3c gsd05\"><div class=\"t m0 xf0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3,7 </div></div><div class=\"c wd2 h3c gsd06\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Imposte pagate </div></div><div class=\"c wd3 h3c gsd07\"><div class=\"t m0 x54 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">193,3 </div></div><div class=\"c wd3 h3c gsd08\"><div class=\"t m0 xe6 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">96,6 </div></div><div class=\"c w2 h0 gsce4\"><div class=\"t m0 x23 h3 yde7 ff1 fs1 fc1 sc0 ls10 ws0\">Le  <span class=\"ls0\">imposte  sul  reddito <span class=\"_ _4\"> </span>accolgono <span class=\"_ _10\"> </span>pri<span class=\"_ _3\"></span>ncipalmente <span class=\"_ _4\"> </span>quanto  versato  dal <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _4\"> </span>in  relazione  a<span class=\"_ _5\"></span>  saldi <span class=\"_ _4\"> </span>Ires  e<span class=\"_ _5\"></span>  Irap </span></div><div class=\"t m0 x23 h3 yde8 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019esercizio <span class=\"ff1\">precedente a q<span class=\"_ _3\"></span>uello di chiusura e agli acconti dovu<span class=\"_ _3\"></span>ti per <span class=\"ff5\">il reddito generato nell\u2019ese<span class=\"_ _3\"></span>rcizio corrente. <span class=\"ff1\"> </span></span></span></div><div class=\"t m0 x23 h3 y1e88 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yb4d ff1 fs1 fc1 sc0 ls0 ws0\">L<span class=\"ff5\">\u2019imposta <span class=\"_ _6\"></span>sostitutiva <span class=\"_ _e\"> </span></span>rappresent<span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _6\"></span>2024 <span class=\"_ _e\"></span>quanto <span class=\"_ _6\"></span>versato <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>re<span class=\"_ _5\"></span>lazione <span class=\"_ _6\"></span>al<span class=\"ff5 lsf\">l\u2019</span>affrancamento <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>maggiori </div><div class=\"t m0 x23 h3 yde9 ff5 fs1 fc1 sc0 ls0 ws0\">valori risultanti dalle <span class=\"_ _5\"></span>operazioni straordinarie dettagliate alla <span class=\"_ _5\"></span>nota 12 <span class=\"_ _5\"></span>\u201cImposte\u201d, alla <span class=\"_ _5\"></span>quale si <span class=\"_ _5\"></span>rimanda<span class=\"_ _7\"></span><span class=\"ff1 ls16\">. <span class=\"ls0\">Al <span class=\"_ _5\"></span>31 dicembre </span></span></div><div class=\"t m0 x23 h3 y1e89 ff1 fs1 fc1 sc0 ls0 ws0\">2023 <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>voce <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>riferisce <span class=\"_ _e\"> </span>a  q<span class=\"_ _3\"></span>uanto <span class=\"_ _d\"> </span>versato <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>relazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>a<span class=\"ff5\">ll\u2019affrancamento <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ell\u2019operazione <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>cquisizione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _f\"> </span>Con<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y542 ff1 fs1 fc1 sc0 ls0 ws0\">Energia Spa. </div><div class=\"t m0 x23 h3 ydea ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y155c ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "Dividendi pagati ad azioni<span class=\"_ _3\"></span>sti Hera e intere<span class=\"_ _3\"></span>ssenze di minoranza Il valore si riferisce a<span class=\"_ _3\"></span>i dividendi pagati nel c<span class=\"_ _3\"></span>orso dell\u2019esercizio 20<span class=\"_ _3\"></span>2<span class=\"_ _5\"></span><span class=\"ff1\">4 <span class=\"ls10\">a:</span> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">soci della Capogruppo <span class=\"_ _3\"></span>per 201,9 milioni di euro; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">soci <span class=\"_ _5\"></span>di mino<span class=\"_ _5\"></span>ranza per <span class=\"_ _5\"></span>46,9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di euro, <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>9,5<span class=\"_ _5\"></span> milioni <span class=\"_ _5\"></span>di euro <span class=\"_ _5\"></span>corrisposti <span class=\"_ _5\"></span>ai s<span class=\"_ _5\"></span>oci di <span class=\"_ _5\"></span>minoranza<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>nei c<span class=\"_ _5\"></span>onfronti </span></span>dei  quali  il <span class=\"_ _4\"> </span>Gruppo  ha  r<span class=\"_ _5\"></span>ilevato  negli  esercizi  precedenti  debiti  per  opzioni  di  vendita<span class=\"_ _6\"></span>,<span class=\"_ _3\"></span>  come  co<span class=\"_ _5\"></span>mmentato<span class=\"_ _3\"></span> precedentemente. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-435": {
   "value": "<div class=\"c w2 h0 gs5a2\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 lsb ws0\">21  <span class=\"ls0\">Immobili, im<span class=\"_ _3\"></span>pianti e macchi<span class=\"_ _3\"></span>nari </span></div><div class=\"t m0 x1b h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gs5a3\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gs5a4\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gs5a5\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs5a6\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Terreni e fabbric<span class=\"_ _3\"></span>ati </div></div><div class=\"c w111 h3c gs5a7\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">663,3 </div></div><div class=\"c w112 h3c gs5a8\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">635,7 </div></div><div class=\"c w111 h3c gs5a9\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">27,6 </div></div><div class=\"c w113 h3c gs5aa\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Impianti e macchin<span class=\"_ _3\"></span>ari </div></div><div class=\"c w111 h3c gs5ab\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.126,9 </div></div><div class=\"c w112 h3c gs5ac\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.067,9 </div></div><div class=\"c w111 h3c gs5ad\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">59,0 </div></div><div class=\"c w113 h3c gs5ae\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altri beni mobili </div></div><div class=\"c w111 h3c gs5af\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">114,6 </div></div><div class=\"c w112 h3c gs5b0\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">107,7 </div></div><div class=\"c w111 h3c gs5b1\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">6,9 </div></div><div class=\"c w113 h3c gs5b2\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Immobilizzazioni in <span class=\"_ _3\"></span>corso </div></div><div class=\"c w111 h3c gs5b3\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">254,2 </div></div><div class=\"c w112 h3c gs5b4\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">246,1 </div></div><div class=\"c w111 h3c gs5b5\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">8,1 </div></div><div class=\"c w113 h3c gs5b6\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale asset operati<span class=\"_ _3\"></span>vi </div></div><div class=\"c w111 h3c gs5b7\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.159,0 </div></div><div class=\"c w112 h3c gs5b8\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.057,4 </div></div><div class=\"c w111 h3c gs5b9\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">101,6 </div></div><div class=\"c w113 h3c gs5ba\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Investimenti immobiliari<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gs5bb\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,7 </div></div><div class=\"c w112 h3c gs5bc\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,9 </div></div><div class=\"c w111 h3c gs5bd\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w113 h3c gs5be\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs5bf\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.160,7 </div></div><div class=\"c w112 h3c gs5c0\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.059,3 </div></div><div class=\"c w111 h3c gs5c1\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">101,4 </div></div><div class=\"c w2 h0 gs5a2\"><div class=\"t m0 x1b h3 y623 ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _7\"></span>immobili, <span class=\"_ _5\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>macchi<span class=\"_ _5\"></span><span class=\"lse\">na</span><span class=\"ff5\">ri <span class=\"_ _7\"></span>(denominati <span class=\"_ _5\"></span>\u201cImmobilizzazioni <span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>teriali\u201d <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>prospetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>situazione <span class=\"_ _5\"></span>patrimon<span class=\"_ _5\"></span></span>iale-<span class=\"_ _75\"> </span></div><div class=\"t m0 x1b h3 y1d83 ff1 fs1 fc1 sc0 ls0 ws0\">finanziaria <span class=\"_ _5\"></span>pubblicato <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>dicembre <span class=\"_ _7\"></span>2023) <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>esposti <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>etto <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>relativo <span class=\"_ _7\"></span>fondo <span class=\"_ _5\"></span>ammortamento <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>resentano <span class=\"_ _5\"></span>la </div><div class=\"t m0 x1b h3 y56 ff1 fs1 fc1 sc0 ls0 ws0\">seguente composizi<span class=\"_ _3\"></span>one e variazione: </div></div><div class=\"c w25c h35b gs5c2\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE INIZIA<span class=\"_ _3\"></span>LE </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w25a h35b gs5c3\"><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">INVESTIMENTI</div><div class=\"t mb x53 h13 y1d84 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25b h35b gs5c4\"><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DISINVESTIME<span class=\"_ _3\"></span>NTI</div><div class=\"t mb x53 h13 y13c6 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25a h35b gs5c5\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">AMMORTAMEN<span class=\"_ _3\"></span>TI E </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">SVALUTAZIONI</div><div class=\"t mb x53 h13 y1d85 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25a h35b gs5c6\"><div class=\"t mb xc0 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONE </div><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DELL'AREA DI </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONSOLIDAME<span class=\"_ _3\"></span>NTO</div><div class=\"t mb x53 h13 y1d86 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25a h35b gs5c7\"><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE VARIAZIO<span class=\"_ _3\"></span>NI</div><div class=\"t mb x53 h13 y1d87 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25b h35b gs5c8\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE FINAL<span class=\"_ _3\"></span>E </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w25c h35b gs5c9\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DI CUI VALORE </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">FINALE LORDO</div><div class=\"t mb x53 h13 y16a0 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w25a h35b gs5ca\"><div class=\"t mb xb2 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DI CUI FONDO </div><div class=\"t mb x53 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">AMMORTAMEN<span class=\"_ _3\"></span>TO</div><div class=\"t mb x53 h13 y1925 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f0 h3c gs5cb\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2f0 h3c gs5cc\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Terreni e fabbric<span class=\"_ _3\"></span>ati </div></div><div class=\"c w25c h3c gs5cd\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">620,4 </div></div><div class=\"c w25a h3c gs5ce\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">21,0 </div></div><div class=\"c w25b h3c gs5cf\"><div class=\"t m0 xa5 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,5) </div></div><div class=\"c w25a h3c gs5d0\"><div class=\"t m0 xb hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(23,7) </div></div><div class=\"c w25a h3c gs5d1\"><div class=\"t m0 xa4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,4 </div></div><div class=\"c w25a h3c gs5d2\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">10,1 </div></div><div class=\"c w25b h3c gs5d3\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">635,7 </div></div><div class=\"c w25c h3c gs5d4\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">955,0 </div></div><div class=\"c w25a h3c gs5d5\"><div class=\"t m0 xc0 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(319,3) </div></div><div class=\"c w2f0 h3c gs5d6\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Impianti e macchin<span class=\"_ _3\"></span>ari </div></div><div class=\"c w25c h3c gs5d7\"><div class=\"t m0 xf hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.089,5 </div></div><div class=\"c w25a h3c gs5d8\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">57,1 </div></div><div class=\"c w25b h3c gs5d9\"><div class=\"t m0 xa5 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(7,8) </div></div><div class=\"c w25a h3c gs5da\"><div class=\"t m0 xc0 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(123,4) </div></div><div class=\"c w25a h3c gs5db\"><div class=\"t m0 xa4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">5,5 </div></div><div class=\"c w25a h3c gs5dc\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">47,0 </div></div><div class=\"c w25b h3c gs5dd\"><div class=\"t m0 xf hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.067,9 </div></div><div class=\"c w25c h3c gs5de\"><div class=\"t m0 xf hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3.152,4 </div></div><div class=\"c w25a h3c gs5df\"><div class=\"t m0 x18 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2.084,5) </div></div><div class=\"c w2f0 h90 gs5e0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri beni mobili </div></div><div class=\"c w25c h90 gs5e1\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">89,5 </div></div><div class=\"c w25a h90 gs5e2\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">22,0 </div></div><div class=\"c w25b h90 gs5e3\"><div class=\"t m0 xa5 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w25a h90 gs5e4\"><div class=\"t m0 xb hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(24,2) </div></div><div class=\"c w25a h90 gs5e5\"><div class=\"t m0 xa4 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">7,7 </div></div><div class=\"c w25a h90 gs5e6\"><div class=\"t m0 xa2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">13,1 </div></div><div class=\"c w25b h90 gs5e7\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">107,7 </div></div><div class=\"c w25c h90 gs5e8\"><div class=\"t m0 xaa hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">480,1 </div></div><div class=\"c w25a h90 gs5e9\"><div class=\"t m0 xc0 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(372,4) </div></div><div class=\"c w2f0 h3c gs5ea\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Immobilizzazioni in <span class=\"_ _3\"></span>corso </div></div><div class=\"c w25c h3c gs5eb\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">183,0 </div></div><div class=\"c w25a h3c gs5ec\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">142,6 </div></div><div class=\"c w25b h3c gs5ed\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,8) </div></div><div class=\"c w25a h3c gs5ee\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,9) </div></div><div class=\"c w25a h3c gs5ef\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w25a h3c gs5f0\"><div class=\"t m0 xb hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(78,2) </div></div><div class=\"c w25b h3c gs5f1\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">246,1 </div></div><div class=\"c w25c h3c gs5f2\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">246,1 </div></div><div class=\"c w25a h3c gs5f3\"><div class=\"t m0 x53 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f0 h3c gs5f4\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w25c h3c gs5f5\"><div class=\"t m0 xf h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.982,4 </div></div><div class=\"c w25a h3c gs5f6\"><div class=\"t m0 xaa h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">242,7 </div></div><div class=\"c w25b h3c gs5f7\"><div class=\"t m0 xa5 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(9,5) </div></div><div class=\"c w25a h3c gs5f8\"><div class=\"t m0 xc0 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(172,2) </div></div><div class=\"c w25a h3c gs5f9\"><div class=\"t m0 xa2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">22,0 </div></div><div class=\"c w25a h3c gs5fa\"><div class=\"t m0 xa5 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(8,0) </div></div><div class=\"c w25b h3c gs5fb\"><div class=\"t m0 xf h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.057,4 </div></div><div class=\"c w25c h3c gs5fc\"><div class=\"t m0 xf h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">4.833,6 </div></div><div class=\"c w25a h3c gs5fd\"><div class=\"t m0 x18 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(2.776,2) </div></div><div class=\"c w2f0 h3c gs5fe\"><div class=\"t m0 x0 h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2f0 h3c gs5ff\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Terreni e fabbric<span class=\"_ _3\"></span>ati </div></div><div class=\"c w25c h3c gs600\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">635,7 </div></div><div class=\"c w25a h3c gs601\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">15,2 </div></div><div class=\"c w25b h3c gs602\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(4,0) </div></div><div class=\"c w25a h3c gs603\"><div class=\"t m0 xb hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(22,6) </div></div><div class=\"c w25a h3c gs604\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,7 </div></div><div class=\"c w25a h3c gs605\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">37,3 </div></div><div class=\"c w25b h3c gs606\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">663,3 </div></div><div class=\"c w25c h3c gs607\"><div class=\"t m0 xf hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.014,2 </div></div><div class=\"c w25a h3c gs608\"><div class=\"t m0 xc0 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(350,9) </div></div><div class=\"c w2f0 h98 gs609\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Impianti e macchin<span class=\"_ _3\"></span>ari </div></div><div class=\"c w25c h98 gs60a\"><div class=\"t m0 xf hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.067,9 </div></div><div class=\"c w25a h98 gs60b\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">79,3 </div></div><div class=\"c w25b h98 gs60c\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(6,4) </div></div><div class=\"c w25a h98 gs60d\"><div class=\"t m0 xc0 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(130,5) </div></div><div class=\"c w25a h98 gs60e\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w25a h98 gs60f\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">116,5 </div></div><div class=\"c w25b h98 gs610\"><div class=\"t m0 xf hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.126,9 </div></div><div class=\"c w25c h98 gs611\"><div class=\"t m0 xf hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3.300,7 </div></div><div class=\"c w25a h98 gs612\"><div class=\"t m0 x18 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(2.173,8) </div></div><div class=\"c w2f0 h3c gs613\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri beni mobili </div></div><div class=\"c w25c h3c gs614\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">107,7 </div></div><div class=\"c w25a h3c gs615\"><div class=\"t m0 xa2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">23,7 </div></div><div class=\"c w25b h3c gs616\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,4) </div></div><div class=\"c w25a h3c gs617\"><div class=\"t m0 xb hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(25,8) </div></div><div class=\"c w25a h3c gs618\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,7 </div></div><div class=\"c w25a h3c gs619\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">8,7 </div></div><div class=\"c w25b h3c gs61a\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">114,6 </div></div><div class=\"c w25c h3c gs61b\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">508,5 </div></div><div class=\"c w25a h3c gs61c\"><div class=\"t m0 xc0 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(393,9) </div></div><div class=\"c w2f0 h3c gs61d\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Immobilizzazioni in <span class=\"_ _3\"></span>corso </div></div><div class=\"c w25c h3c gs61e\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">246,1 </div></div><div class=\"c w25a h3c gs61f\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">163,9 </div></div><div class=\"c w25b h3c gs620\"><div class=\"t m0 xa5 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w25a h3c gs621\"><div class=\"t m0 x53 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w25a h3c gs622\"><div class=\"t m0 xa4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,5 </div></div><div class=\"c w25a h3c gs623\"><div class=\"t m0 xc0 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(156,1) </div></div><div class=\"c w25b h3c gs624\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">254,2 </div></div><div class=\"c w25c h3c gs625\"><div class=\"t m0 xaa hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">254,2 </div></div><div class=\"c w25a h3c gs626\"><div class=\"t m0 x53 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f0 h3c gs627\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w25c h3c gs628\"><div class=\"t m0 xf h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.057,4 </div></div><div class=\"c w25a h3c gs629\"><div class=\"t m0 xaa h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">282,1 </div></div><div class=\"c w25b h3c gs62a\"><div class=\"t m0 xb h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(11,0) </div></div><div class=\"c w25a h3c gs62b\"><div class=\"t m0 xc0 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(178,9) </div></div><div class=\"c w25a h3c gs62c\"><div class=\"t m0 xa4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">3,0 </div></div><div class=\"c w25a h3c gs62d\"><div class=\"t m0 xa4 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">6,4 </div></div><div class=\"c w25b h3c gs62e\"><div class=\"t m0 xf h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">2.159,0 </div></div><div class=\"c w25c h3c gs62f\"><div class=\"t m0 xf h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">5.077,6 </div></div><div class=\"c w25a h3c gs630\"><div class=\"t m0 x18 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(2.918,6) </div></div><div class=\"c w2 h0 gs5a2\"><div class=\"t m0 x1b h3 y21e ff5 fs1 fc1 sc0 ls0 ws0\">\u201cTerreni <span class=\"_ _6\"> </span>e <span class=\"_ _e\"> </span>fabbricati\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _e\"> </span>costituiti <span class=\"_ _6\"> </span>per <span class=\"_ _d\"> </span><span class=\"ff1\">123,9 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>da <span class=\"_ _e\"> </span>terreni <span class=\"_ _e\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _d\"> </span>539,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>fabbricati. </span></div><div class=\"t m0 x1b h3 y21f ff1 fs1 fc1 sc0 ls0 ws0\">Trattasi in via preval<span class=\"_ _3\"></span>ente di siti di propriet\u00e0 che accolgono gli impianti pr<span class=\"_ _3\"></span>oduttivi del Gruppo. </div><div class=\"t m0 x1b h3 y220 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y221 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cImpianti <span class=\"_ _f\"> </span>e  macchin<span class=\"_ _3\"></span>ari\u201d,  a<span class=\"_ _3\"></span>ccolgono <span class=\"_ _f\"> </span>principalmente  l<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>reti  di <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>e  gli <span class=\"_ _f\"> </span>impianti  r<span class=\"_ _3\"></span>elativi <span class=\"_ _f\"> </span>ai  bus<span class=\"_ _3\"></span>iness  n<span class=\"_ _3\"></span>on </div><div class=\"t m0 x1b h3 y222 ff1 fs1 fc1 sc0 ls0 ws0\">rientranti <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>regime <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>concessione, <span class=\"_ _d\"> </span>quali <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>teleriscaldamento,<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>la <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>istribuzione <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _e\"> </span>sul <span class=\"_ _d\"> </span>territorio <span class=\"_ _d\"> </span>di </div><div class=\"t m0 x1b h3 y223 ff1 fs1 fc1 sc0 ls0 ws0\">Modena, <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>smaltimento <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>trattamento <span class=\"_ _6\"></span>rifiuti, <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>produzione <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>materie <span class=\"_ _6\"></span>plastiche. <span class=\"_ _6\"></span>I <span class=\"_ _6\"></span>principali </div><div class=\"t m0 x1b h3 y224 ff5 fs1 fc1 sc0 ls0 ws0\">investimenti <span class=\"_ _e\"> </span>dell\u2019esercizio <span class=\"_ _e\"> </span>riguardano <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>trattamento <span class=\"_ _e\"> </span>rifiuti <span class=\"_ _d\"> </span>per <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>ammontare <span class=\"_ _e\"> </span>di  <span class=\"ff1\">3<span class=\"_ _3\"></span>7,7 <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>euro<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _d\"> </span></span>la </span></div><div class=\"t m0 x1b h3 y225 ff1 fs1 fc1 sc0 ls0 ws0\">distribuzione d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>energia e<span class=\"_ _5\"></span>lettrica per <span class=\"_ _7\"></span>15,4<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ls10\">e </span>i<span class=\"_ _5\"></span>nvestimenti nei <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>energia <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>ammontare <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>15,6 </div><div class=\"t m0 x1b h3 y226 ff1 fs1 fc1 sc0 ls0 ws0\">milioni <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>euro, <span class=\"_ _d\"> </span>sostenuti <span class=\"_ _d\"> </span>principalmente <span class=\"_ _e\"></span>dalla <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _d\"> </span>Hera <span class=\"_ _e\"> </span>Servizi <span class=\"_ _d\"> </span>Energia <span class=\"_ _d\"> </span>Spa. <span class=\"_ _e\"> </span>I <span class=\"_ _d\"> </span>disinvestimenti <span class=\"_ _e\"> </span>rappresentano </div><div class=\"t m0 x1b h3 y227 ff1 fs1 fc1 sc0 ls0 ws0\">demolizioni e dismis<span class=\"_ _3\"></span>sioni di impianti obsole<span class=\"_ _3\"></span>ti<span class=\"_ _5\"></span> o danneggiati. </div><div class=\"t m0 x1b h3 y228 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y229 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltri  beni  mobili\u201d, <span class=\"_ _f\"> </span>co<span class=\"_ _5\"></span>mprend<span class=\"_ _3\"></span>ono  in  via  prevalente,  co<span class=\"_ _3\"></span>n  riferimento  ai <span class=\"_ _f\"> </span>business  non  ancora  andati  a  ga<span class=\"_ _3\"></span>ra  per </div><div class=\"t m0 x1b h3 y22a ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019affidamento del s<span class=\"_ _3\"></span>ervizio, attrezzature e c<span class=\"_ _3\"></span>assonetti per la raccolt<span class=\"_ _3\"></span>a rifiuti per <span class=\"_ _5\"></span><span class=\"ff1\">68,7 milioni di euro e a<span class=\"_ _3\"></span>utomezzi per 45,9 </span></div><div class=\"t m0 x1b h3 y22b ff1 fs1 fc1 sc0 ls0 ws0\">milioni di euro. </div><div class=\"t m0 x1b h3 y22c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y22d ff5 fs1 fc1 sc0 ls0 ws0\">\u201cImmobilizzazioni <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>corso\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"> </span>cost<span class=\"_ _5\"></span>ituite <span class=\"_ _6\"></span>principalmente<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>dagli <span class=\"_ _6\"></span>investimenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>via <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>realizzazione<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i<span class=\"_ _5\"></span>mpianti <span class=\"_ _6\"></span>di </span></div><div class=\"t m0 x1b h3 y22e ff1 fs1 fc1 sc0 ls0 ws0\">trattamento rif<span class=\"_ _5\"></span>iuti p<span class=\"_ _5\"></span>er 1<span class=\"_ _5\"></span>21,6 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>sviluppo <span class=\"_ _5\"></span>della rete <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>teleriscaldamento p<span class=\"_ _5\"></span>er 2<span class=\"_ _5\"></span>8,4 <span class=\"_ _5\"></span>milioni, oltre <span class=\"_ _5\"></span>che </div><div class=\"t m0 x1b h3 y22f ff1 fs1 fc1 sc0 ls0 ws0\">per <span class=\"ff5\">la rete di distribuzi<span class=\"_ _3\"></span>one dell\u2019energia elet<span class=\"_ _3\"></span>trica per<span class=\"_ _5\"></span><span class=\"ff1\"> 24,4 milioni <span class=\"_ _3\"></span>di euro. </span></span></div><div class=\"t m0 x1b h3 y230 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y231 ff5 fs1 fc1 sc0 ls0 ws0\">Nelle \u201cAltre variazioni\u201d sono rappresentate le riclassifiche<span class=\"_ _3\"></span> dalle immobilizzazioni in corso alle specifiche categorie per<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y232 ff5 fs1 fc1 sc0 ls0 ws0\">i <span class=\"_ _6\"></span>cespiti <span class=\"_ _7\"></span>entrati <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>n <span class=\"_ _6\"></span>fu<span class=\"_ _3\"></span>nzione <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orso <span class=\"_ _7\"></span>dell\u2019esercizio <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>d <span class=\"_ _7\"></span>eventuali <span class=\"_ _6\"></span>riclassifi<span class=\"_ _3\"></span>che<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span></span>da <span class=\"_ _6\"></span>diri<span class=\"_ _3\"></span>tti <span class=\"_ _6\"></span>d\u2019uso <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>da/a <span class=\"_ _6\"></span>immobilizzazion<span class=\"_ _3\"></span>i </span></div><div class=\"t m0 x1b h3 y233 ff1 fs1 fc1 sc0 ls0 ws0\">immateriali, specie i<span class=\"_ _3\"></span>n presenza di beni ogget<span class=\"_ _3\"></span>to di attivit\u00e0 in conc<span class=\"_ _3\"></span>essione.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y234 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div>Per <span class=\"_ _f\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>colonna <span class=\"_ _f\"> </span>\u201cVariazione <span class=\"_ _f\"> </span>dell\u2019area <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>consolidamento\u201d <span class=\"_ _f\"> </span>si  ri<span class=\"_ _3\"></span>manda <span class=\"_ _f\"> </span>a  qu<span class=\"_ _3\"></span>anto  r<span class=\"_ _3\"></span>iportato <span class=\"_ _4\"> </span>nella  s<span class=\"_ _3\"></span>ezione <span class=\"_ _f\"> </span>\u201cBusiness combination (inform<span class=\"_ _3\"></span>azioni integrative)\u201d conte<span class=\"_ _3\"></span>nuta nel<span class=\"_ _5\"></span><span class=\"ff1\"> paragrafo 2.02.10 </span>\u201c<span class=\"ff1\">Altr<span class=\"_ _3\"></span>e informazioni<span class=\"ff5\">\u201d</span>. </span>Per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>disamina <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>ga<span class=\"_ _3\"></span>ranzie <span class=\"_ _7\"></span>real<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>pre<span class=\"_ _3\"></span>state <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>favori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ter<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>imm<span class=\"_ _3\"></span>obilizzazioni <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ateriali <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>etenute <span class=\"_ _7\"></span>dal Gruppo, si rimanda <span class=\"_ _3\"></span>alla nota 19 \u201cPassivit\u00e0 fin<span class=\"_ _3\"></span>anziarie\u201d.<span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "21  <span class=\"ls0\">Immobili, im<span class=\"_ _3\"></span>pianti e macchi<span class=\"_ _3\"></span>nari </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Terreni e fabbric<span class=\"_ _3\"></span>ati 663,3 635,7 27,6 Impianti e macchin<span class=\"_ _3\"></span>ari 1.126,9 1.067,9 59,0 Altri beni mobili 114,6 107,7 6,9 Immobilizzazioni in <span class=\"_ _3\"></span>corso 254,2 246,1 8,1 Totale asset operati<span class=\"_ _3\"></span>vi 2.159,0 2.057,4 101,6 Investimenti immobiliari<span class=\"_ _3\"></span> 1,7 1,9 (0,2) Totale 2.160,7 2.059,3 101,4 Gli <span class=\"_ _7\"></span>immobili, <span class=\"_ _5\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>macchi<span class=\"_ _5\"></span><span class=\"lse\">na</span><span class=\"ff5\">ri <span class=\"_ _7\"></span>(denominati <span class=\"_ _5\"></span>\u201cImmobilizzazioni <span class=\"_ _5\"></span>ma<span class=\"_ _5\"></span>teriali\u201d <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>prospetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>situazione <span class=\"_ _5\"></span>patrimon<span class=\"_ _5\"></span></span>iale-<span class=\"_ _75\"> </span>finanziaria <span class=\"_ _5\"></span>pubblicato <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _5\"></span>dicembre <span class=\"_ _7\"></span>2023) <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>esposti <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>etto <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>relativo <span class=\"_ _7\"></span>fondo <span class=\"_ _5\"></span>ammortamento <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>resentano <span class=\"_ _5\"></span>la seguente composizi<span class=\"_ _3\"></span>one e variazione: VALORE INIZIA<span class=\"_ _3\"></span>LE NETTO INVESTIMENTIDISINVESTIME<span class=\"_ _3\"></span>NTIAMMORTAMEN<span class=\"_ _3\"></span>TI E SVALUTAZIONIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOALTRE VARIAZIO<span class=\"_ _3\"></span>NIVALORE FINAL<span class=\"_ _3\"></span>E NETTO DI CUI VALORE FINALE LORDODI CUI FONDO AMMORTAMEN<span class=\"_ _3\"></span>TO31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Terreni e fabbric<span class=\"_ _3\"></span>ati 620,4 21,0 (0,5) (23,7) 8,4 10,1 635,7 955,0 (319,3) Impianti e macchin<span class=\"_ _3\"></span>ari 1.089,5 57,1 (7,8) (123,4) 5,5 47,0 1.067,9 3.152,4 (2.084,5) Altri beni mobili 89,5 22,0 (0,4) (24,2) 7,7 13,1 107,7 480,1 (372,4) Immobilizzazioni in <span class=\"_ _3\"></span>corso 183,0 142,6 (0,8) (0,9) 0,4 (78,2) 246,1 246,1 \u2010<span class=\"ff4\"> </span>Totale 1.982,4 242,7 (9,5) (172,2) 22,0 (8,0) 2.057,4 4.833,6 (2.776,2) 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>Terreni e fabbric<span class=\"_ _3\"></span>ati 635,7 15,2 (4,0) (22,6) 1,7 37,3 663,3 1.014,2 (350,9) Impianti e macchin<span class=\"_ _3\"></span>ari 1.067,9 79,3 (6,4) (130,5) 0,1 116,5 1.126,9 3.300,7 (2.173,8) Altri beni mobili 107,7 23,7 (0,4) (25,8) 0,7 8,7 114,6 508,5 (393,9) Immobilizzazioni in <span class=\"_ _3\"></span>corso 246,1 163,9 (0,2) \u2010<span class=\"ff4\"> </span>0,5 (156,1) 254,2 254,2 \u2010<span class=\"ff4\"> </span>Totale 2.057,4 282,1 (11,0) (178,9) 3,0 6,4 2.159,0 5.077,6 (2.918,6) \u201cTerreni <span class=\"_ _6\"> </span>e <span class=\"_ _e\"> </span>fabbricati\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _e\"> </span>costituiti <span class=\"_ _6\"> </span>per <span class=\"_ _d\"> </span><span class=\"ff1\">123,9 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>da <span class=\"_ _e\"> </span>terreni <span class=\"_ _e\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _d\"> </span>539,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>fabbricati. </span>Trattasi in via preval<span class=\"_ _3\"></span>ente di siti di propriet\u00e0 che accolgono gli impianti pr<span class=\"_ _3\"></span>oduttivi del Gruppo. \u201cImpianti <span class=\"_ _f\"> </span>e  macchin<span class=\"_ _3\"></span>ari\u201d,  a<span class=\"_ _3\"></span>ccolgono <span class=\"_ _f\"> </span>principalmente  l<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>reti  di <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>e  gli <span class=\"_ _f\"> </span>impianti  r<span class=\"_ _3\"></span>elativi <span class=\"_ _f\"> </span>ai  bus<span class=\"_ _3\"></span>iness  n<span class=\"_ _3\"></span>on rientranti <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>regime <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>concessione, <span class=\"_ _d\"> </span>quali <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>teleriscaldamento,<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>la <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>istribuzione <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _e\"> </span>sul <span class=\"_ _d\"> </span>territorio <span class=\"_ _d\"> </span>di Modena, <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>smaltimento <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>trattamento <span class=\"_ _6\"></span>rifiuti, <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>produzione <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>materie <span class=\"_ _6\"></span>plastiche. <span class=\"_ _6\"></span>I <span class=\"_ _6\"></span>principali investimenti <span class=\"_ _e\"> </span>dell\u2019esercizio <span class=\"_ _e\"> </span>riguardano <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>trattamento <span class=\"_ _e\"> </span>rifiuti <span class=\"_ _d\"> </span>per <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>ammontare <span class=\"_ _e\"> </span>di  <span class=\"ff1\">3<span class=\"_ _3\"></span>7,7 <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>euro<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _d\"> </span></span>la </span>distribuzione d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>energia e<span class=\"_ _5\"></span>lettrica per <span class=\"_ _7\"></span>15,4<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ls10\">e </span>i<span class=\"_ _5\"></span>nvestimenti nei <span class=\"_ _5\"></span>servizi <span class=\"_ _5\"></span>energia <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>ammontare <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>15,6 milioni <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>euro, <span class=\"_ _d\"> </span>sostenuti <span class=\"_ _d\"> </span>principalmente <span class=\"_ _e\"></span>dalla <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _d\"> </span>Hera <span class=\"_ _e\"> </span>Servizi <span class=\"_ _d\"> </span>Energia <span class=\"_ _d\"> </span>Spa. <span class=\"_ _e\"> </span>I <span class=\"_ _d\"> </span>disinvestimenti <span class=\"_ _e\"> </span>rappresentano demolizioni e dismis<span class=\"_ _3\"></span>sioni di impianti obsole<span class=\"_ _3\"></span>ti<span class=\"_ _5\"></span> o danneggiati. \u201cAltri  beni  mobili\u201d, <span class=\"_ _f\"> </span>co<span class=\"_ _5\"></span>mprend<span class=\"_ _3\"></span>ono  in  via  prevalente,  co<span class=\"_ _3\"></span>n  riferimento  ai <span class=\"_ _f\"> </span>business  non  ancora  andati  a  ga<span class=\"_ _3\"></span>ra  per l\u2019affidamento del s<span class=\"_ _3\"></span>ervizio, attrezzature e c<span class=\"_ _3\"></span>assonetti per la raccolt<span class=\"_ _3\"></span>a rifiuti per <span class=\"_ _5\"></span><span class=\"ff1\">68,7 milioni di euro e a<span class=\"_ _3\"></span>utomezzi per 45,9 </span>milioni di euro. \u201cImmobilizzazioni <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>corso\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"> </span>cost<span class=\"_ _5\"></span>ituite <span class=\"_ _6\"></span>principalmente<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>dagli <span class=\"_ _6\"></span>investimenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>via <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>realizzazione<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i<span class=\"_ _5\"></span>mpianti <span class=\"_ _6\"></span>di </span>trattamento rif<span class=\"_ _5\"></span>iuti p<span class=\"_ _5\"></span>er 1<span class=\"_ _5\"></span>21,6 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>sviluppo <span class=\"_ _5\"></span>della rete <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>teleriscaldamento p<span class=\"_ _5\"></span>er 2<span class=\"_ _5\"></span>8,4 <span class=\"_ _5\"></span>milioni, oltre <span class=\"_ _5\"></span>che per <span class=\"ff5\">la rete di distribuzi<span class=\"_ _3\"></span>one dell\u2019energia elet<span class=\"_ _3\"></span>trica per<span class=\"_ _5\"></span><span class=\"ff1\"> 24,4 milioni <span class=\"_ _3\"></span>di euro. </span></span>Nelle \u201cAltre variazioni\u201d sono rappresentate le riclassifiche<span class=\"_ _3\"></span> dalle immobilizzazioni in corso alle specifiche categorie per<span class=\"_ _3\"></span> i <span class=\"_ _6\"></span>cespiti <span class=\"_ _7\"></span>entrati <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>n <span class=\"_ _6\"></span>fu<span class=\"_ _3\"></span>nzione <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orso <span class=\"_ _7\"></span>dell\u2019esercizio <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>d <span class=\"_ _7\"></span>eventuali <span class=\"_ _6\"></span>riclassifi<span class=\"_ _3\"></span>che<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span></span>da <span class=\"_ _6\"></span>diri<span class=\"_ _3\"></span>tti <span class=\"_ _6\"></span>d\u2019uso <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>da/a <span class=\"_ _6\"></span>immobilizzazion<span class=\"_ _3\"></span>i </span>immateriali, specie i<span class=\"_ _3\"></span>n presenza di beni ogget<span class=\"_ _3\"></span>to di attivit\u00e0 in conc<span class=\"_ _3\"></span>essione.<span class=\"_ _5\"></span> Per <span class=\"_ _f\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>colonna <span class=\"_ _f\"> </span>\u201cVariazione <span class=\"_ _f\"> </span>dell\u2019area <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>consolidamento\u201d <span class=\"_ _f\"> </span>si  ri<span class=\"_ _3\"></span>manda <span class=\"_ _f\"> </span>a  qu<span class=\"_ _3\"></span>anto  r<span class=\"_ _3\"></span>iportato <span class=\"_ _4\"> </span>nella  s<span class=\"_ _3\"></span>ezione <span class=\"_ _f\"> </span>\u201cBusiness combination (inform<span class=\"_ _3\"></span>azioni integrative)\u201d conte<span class=\"_ _3\"></span>nuta nel<span class=\"_ _5\"></span><span class=\"ff1\"> paragrafo 2.02.10 </span>\u201c<span class=\"ff1\">Altr<span class=\"_ _3\"></span>e informazioni<span class=\"ff5\">\u201d</span>. </span>Per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>disamina <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>ga<span class=\"_ _3\"></span>ranzie <span class=\"_ _7\"></span>real<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>pre<span class=\"_ _3\"></span>state <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>favori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ter<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>imm<span class=\"_ _3\"></span>obilizzazioni <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ateriali <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>etenute <span class=\"_ _7\"></span>dal Gruppo, si rimanda <span class=\"_ _3\"></span>alla nota 19 \u201cPassivit\u00e0 fin<span class=\"_ _3\"></span>anziarie\u201d.<span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-56": {
   "value": "22  Diritti d\u2019u<span class=\"_ _3\"></span>so e <span class=\"ff8\">passivit\u00e0 per l<span class=\"_ _3\"></span>easing </span>Le<span class=\"ls0\"> tabelle <span class=\"_ _5\"></span>seguenti r<span class=\"_ _5\"></span>iporta<span class=\"lse\">no</span> <span class=\"_ _5\"></span>la composizione dei<span class=\"_ _5\"></span> <span class=\"_ _5\"></span><span class=\"ff5\">diritti d\u2019uso</span> <span class=\"_ _5\"></span>(esposti al<span class=\"_ _5\"></span> netto d<span class=\"_ _5\"></span>el relativo <span class=\"_ _5\"></span>fondo ammortamento)<span class=\"_ _5\"></span> <span class=\"_ _5\"></span></span>e <span class=\"ls0\">le </span>passivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>leasing, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>relativa <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vimentazione. <span class=\"_ _7\"></span>I <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>acquisiti <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>sede <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>business <span class=\"_ _7\"></span>combination <span class=\"_ _7\"></span>sono separatamente identifi<span class=\"_ _3\"></span>cati nella movime<span class=\"_ _3\"></span>ntazione e classificati <span class=\"_ _3\"></span>come \u201cVariazione dell\u2019ar<span class=\"_ _3\"></span>ea di consolidamento\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Diritti d'uso di terreni <span class=\"_ _3\"></span>e fabbricati 52,1 59,1 (7,0) Diritti d'uso di impi<span class=\"_ _3\"></span>anti e macchinari 5,4 6,4 (1,0) Diritti d'uso di altri <span class=\"_ _3\"></span>beni mobili 26,7 25,1 1,6 Totale 84,2 90,6 (6,4) VALORE INIZIA<span class=\"_ _3\"></span>LE NETTO NUOVI CONTRAT<span class=\"_ _3\"></span>TI E MODIFICHE CONTRATTUALIAMMORTAMEN<span class=\"_ _3\"></span>TI E SVALUTAZIONIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOALTRE VARIAZIO<span class=\"_ _3\"></span>NIVALORE FINAL<span class=\"_ _3\"></span>E NETTO DI CUI VALORE FINALE LORDODI CUI FONDO AMMORTAMEN<span class=\"_ _3\"></span>TO31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Diritti d'uso di terreni <span class=\"_ _3\"></span>e fabbricati 50,7 10,1 (8,6) 6,9 \u2010<span class=\"ff12\"> </span>59,1 104,1 (45,0) Diritti d'uso di impi<span class=\"_ _3\"></span>anti e macchinari 7,1 0,8 (1,3) \u2010<span class=\"ff4\"> </span>(0,2) 6,4 12,5 (6,1) Diritti d'uso di altri beni mobili 26,4 9,6 (10,6) 0,1 (0,4) 25,1 48,5 (23,4) Totale 84,2 20,5 (20,5) 7,0 (0,6) 90,6 165,1 (74,5) 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>Diritti d'uso di terreni <span class=\"_ _3\"></span>e fabbricati 59,1 5,4 (8,7) \u2010<span class=\"ff12\"> </span>(3,7) 52,1 102,8 (50,7) Diritti d'uso di impi<span class=\"_ _3\"></span>anti e macchinari 6,4 0,4 (1,3) 0,4 (0,5) 5,4 12,4 (7,0) Diritti d'uso di altri <span class=\"_ _3\"></span>beni mobili 25,1 11,0 (10,4) 1,6 (0,6) 26,7 46,6 (19,9) Totale 90,6 16,8 (20,4) 2,0 (4,8) 84,2 161,8 (77,6) \u201cDiritti d\u2019uso di terreni e fabbricati\u201d, costituiti per 4<span class=\"_ _5\"></span>5 milioni di euro da <span class=\"_ _5\"></span>diritti d\u2019uso relativi a fabbricati e per i res<span class=\"_ _6\"></span><span class=\"ff1\">idui 7<span class=\"ls16\">,1</span> </span>milioni <span class=\"_ _e\"> </span>di <span class=\"_ _6\"> </span>euro <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>diritti <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _6\"> </span>relativi <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>terreni. <span class=\"_ _e\"> </span>I <span class=\"_ _6\"> </span>diritti <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _e\"> </span>dei <span class=\"_ _6\"> </span>fabbricati <span class=\"_ _e\"> </span>si <span class=\"_ _e\"> </span>riferiscono <span class=\"_ _6\"> </span>principalmente <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>contratti<span class=\"_ _7\"></span><span class=\"ff1\"> </span>aventi a oggetto i com<span class=\"_ _3\"></span>plessi immobiliari desti<span class=\"_ _3\"></span>nati alle sedi operati<span class=\"_ _3\"></span>ve, agli uffici e agli sport<span class=\"_ _3\"></span>elli clienti.<span class=\"_ _7\"></span> \u201cDiritti <span class=\"_ _e\"> </span>d\u2019uso <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>impianti <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>macchinari\u201d <span class=\"_ _d\"> </span><span class=\"ff1\">f<span class=\"_ _5\"></span>anno <span class=\"_ _e\"></span>riferimento <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"> </span>aventi <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>mpianti <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>depurazione <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>di </span>compostaggio. \u201cDiritti <span class=\"_ _7\"></span>d\u2019<span class=\"_ _5\"></span>uso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>be<span class=\"_ _3\"></span>ni<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _6\"></span>mobili</span>\u201d <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>riferiscono <span class=\"_ _7\"></span><span class=\"ff1\">i<span class=\"_ _5\"></span>n <span class=\"_ _7\"></span>via <span class=\"_ _6\"></span>prevalente <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>contratti <span class=\"_ _6\"></span></span>sottoscritti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l\u2019utili<span class=\"_ _3\"></span>zzo <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span><span class=\"ff1\">infrastrutture <span class=\"_ _7\"></span>It </span>(specialmente data ce<span class=\"_ _3\"></span>nter), automezzi operativ<span class=\"_ _3\"></span>i e autovetture. Sono <span class=\"_ _e\"> </span>riportati <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>colonna <span class=\"_ _e\"> </span>\u201cNuovi <span class=\"_ _e\"> </span>contratti <span class=\"_ _6\"> </span>e <span class=\"_ _d\"> </span>modifiche <span class=\"_ _e\"> </span>contrattuali\u201d <span class=\"_ _6\"> </span>i <span class=\"_ _d\"> </span>leasing <span class=\"_ _e\"> </span>sottoscritti <span class=\"_ _6\"> </span>n<span class=\"_ _5\"></span>el <span class=\"_ _6\"> </span>corso <span class=\"_ _d\"> </span>dell\u2019esercizio, nonch\u00e9 la modifica d<span class=\"_ _3\"></span>elle ipotesi passate circa durata e opzioni <span class=\"_ _3\"></span>di rinnovo o recesso dei <span class=\"_ _3\"></span>contratti esistenti. La <span class=\"_ _d\"> </span>colonna <span class=\"_ _d\"> </span>\u201cAltre <span class=\"_ _d\"> </span>variazioni\u201d <span class=\"_ _d\"> </span>accoglie <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>residuo <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ei <span class=\"_ _d\"> </span>beni <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>leasing <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>sono  <span class=\"ff1\">stati <span class=\"_ _e\"> </span>o<span class=\"_ _5\"></span>gg<span class=\"_ _3\"></span>etto <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>riscatto <span class=\"_ _e\"></span>nel </span>periodo e il cui val<span class=\"_ _3\"></span>ore \u00e8 stato riclassificato tra gli immobili, impianti <span class=\"_ _3\"></span>e macchinari per natura. Le passivit\u00e0 finanziarie<span class=\"_ _3\"></span> presentano la segu<span class=\"_ _3\"></span>ente composizione e <span class=\"_ _3\"></span>variazione, confrontate c<span class=\"_ _3\"></span>on l\u2019esercizio <span class=\"_ _5\"></span><span class=\"ff1\">precedente: </span>VALORE INIZIA<span class=\"_ _3\"></span>LE NETTO NUOVI CONTRAT<span class=\"_ _3\"></span>TI E MODIFICHE CONTRATTUALIDECREMENTIONERI FINANZI<span class=\"_ _3\"></span>ARIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOALTRE VARIAZIO<span class=\"_ _3\"></span>NIVALORE FINAL<span class=\"_ _3\"></span>E NETTO 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Passivit\u00e0 per leasin<span class=\"_ _3\"></span>g 76,4 20,3 (25,2) 2,8 7,0 \u2010<span class=\"ff12\"> </span>81,3 di cui passivit\u00e0 non corre<span class=\"_ _3\"></span>nti 55,1 56,8 passivit\u00e0 correnti<span class=\"_ _3\"></span> 21,3 24,5 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>Passivit\u00e0 per leasin<span class=\"_ _3\"></span>g 81,3 16,7 (23,5) 2,9 1,7 \u2010<span class=\"ff12\"> </span>79,1 di cui passivit\u00e0 non corre<span class=\"_ _3\"></span>nti 56,8 54,7 passivit\u00e0 correnti<span class=\"_ _3\"></span> 24,5 24,4 La colonna \u201cNuovi contratti e modifiche contrattuali\u201d<span class=\"_ _3\"></span> accoglie<span class=\"_ _5\"></span><span class=\"ff1\"> </span>i contratti sottoscritti nell\u2019esercizio e la rimisurazione del<span class=\"_ _3\"></span> debito <span class=\"_ _e\"></span>dei <span class=\"_ _e\"> </span>contratti <span class=\"_ _e\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>essere, <span class=\"_ _e\"> </span>gen<span class=\"_ _5\"></span>erata <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>ggiornam<span class=\"_ _3\"></span>ento <span class=\"_ _d\"> </span>delle <span class=\"_ _e\"> </span>ipotesi <span class=\"_ _e\"> </span>sot<span class=\"_ _5\"></span>tostanti <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>irca <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>opzioni <span class=\"_ _e\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>rinnovo, acquisto o recesso anti<span class=\"_ _3\"></span>cipato.  I <span class=\"_ _6\"></span><span class=\"ff5 ls0\">\u201cDecreme<span class=\"_ _3\"></span>nti\u201d <span class=\"_ _6\"></span><span class=\"ff1\">sono <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>enerati <span class=\"_ _6\"></span>dal <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>imborso<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>cano<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>contrattuali <span class=\"_ _6\"></span><span class=\"ff5\">previsti <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>corso <span class=\"_ _7\"></span>del<span class=\"_ _5\"></span>l\u2019eserciz<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dalle<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>opzioni <span class=\"_ _7\"></span>di </span></span></span>riscatto esercitate. Conformemente alle <span class=\"_ _5\"></span>proprie policy <span class=\"_ _5\"></span>di a<span class=\"_ _5\"></span>pprovvigionam<span class=\"_ _3\"></span>ento, <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo ha s<span class=\"_ _5\"></span>ottoscritto contratti <span class=\"_ _5\"></span>allineati agli <span class=\"_ _5\"></span>standard di mercato <span class=\"_ _e\"></span>con <span class=\"_ _e\"> </span>riferimento <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>tutte <span class=\"_ _e\"></span>le <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ipologie <span class=\"_ _6\"></span>di <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _e\"></span>sottostanti. <span class=\"_ _e\"></span>Nel <span class=\"_ _e\"> </span>caso <span class=\"_ _d\"> </span>di <span class=\"_ _e\"></span>uffici, <span class=\"_ _e\"></span>sportelli <span class=\"_ _e\"></span>clienti, <span class=\"_ _e\"> </span>autovetture <span class=\"_ _e\"> </span>e infrastrutture <span class=\"_ _5\"></span>I<span class=\"_ _5\"></span>t <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>contratti <span class=\"_ _5\"></span>non <span class=\"_ _7\"></span>prevedono <span class=\"_ _7\"></span>clausole <span class=\"_ _5\"></span>vincolanti <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>particolari <span class=\"_ _5\"></span>onerosit\u00e0 <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>caso <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>recesso, <span class=\"_ _5\"></span>trattandosi <span class=\"_ _7\"></span>di attivit\u00e0 <span class=\"_ _5\"></span>perfettamente <span class=\"_ _5\"></span>fungibili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>offerte <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>vasto <span class=\"_ _5\"></span>numero <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>controparti. <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>debito <span class=\"_ _5\"></span>espresso <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> b<span class=\"_ _5\"></span>ilancio <span class=\"_ _5\"></span>rappresenta,<span class=\"_ _3\"></span> quindi, <span class=\"_ _6\"></span>l\u2019ammontare <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _6\"></span>probabile <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>esborsi <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _6\"></span>dovr\u00e0 <span class=\"_ _6\"></span>sostenere <span class=\"_ _6\"></span>negli <span class=\"_ _6\"></span>esercizi <span class=\"_ _6\"></span>futuri<span class=\"_ _7\"></span><span class=\"ff1\">. <span class=\"_ _6\"></span>Per<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>medesime </span>ragioni, <span class=\"_ _6\"></span>inoltre, <span class=\"_ _6\"></span>attualmente <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>ritiene <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>non <span class=\"_ _e\"></span>verranno <span class=\"_ _6\"></span>esercitate <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>clausole <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rinnovo <span class=\"_ _6\"></span>laddove <span class=\"_ _e\"></span>presenti,<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>se <span class=\"_ _6\"></span>non esplicitamente previste <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>management, <span class=\"_ _5\"></span>valutando <span class=\"_ _5\"></span>eventualmente <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>futuro <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>convenienza <span class=\"_ _5\"></span>economica <span class=\"_ _5\"></span>delle s<span class=\"_ _5\"></span>tesse<span class=\"_ _3\"></span> o la sottoscrizione di<span class=\"_ _3\"></span> nuovi contratti con co<span class=\"_ _3\"></span>ntroparti differenti<span class=\"_ _5\"></span>. Nella tabella che segu<span class=\"_ _3\"></span>e sono riportate le p<span class=\"_ _3\"></span>assivit\u00e0 per leasing di<span class=\"_ _3\"></span>stinte per fasce di scade<span class=\"_ _3\"></span>nza:<span class=\"_ _5\"></span> TIPOLOGIA TOTALE QUOTA ENTRO ESERCIZIO QUOTA ENTRO 2\u00b0 ANNO QUOTA ENTRO 5\u00b0 ANNO QUOTA OLTRE 5\u00b0 ANNO Esercizio 2023 81,3 24,5 14,2 25,3 17,3 Esercizio 2024 79,1 24,4 15,3 23,5 15,9",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "<div class=\"c w2 h0 gs697\"><div class=\"t m0 x1b h3 y986 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yed2 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 yfff ff8 fsa fc2 sc0 lsb ws0\">23  <span class=\"ls0\">Attivit\u00e0 im<span class=\"_ _3\"></span>materiali </span></div><div class=\"t m0 x6b h4e y29a ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h98 gs698\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h98 gs699\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h98 gs69a\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gs69b\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Applicativi informati<span class=\"_ _3\"></span>ci </div></div><div class=\"c w111 h3c gs69c\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">103,8 </div></div><div class=\"c w112 h3c gs69d\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">105,3 </div></div><div class=\"c w111 h3c gs69e\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,5) </div></div><div class=\"c w113 h3c gs69f\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Concessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo </div></div><div class=\"c w111 h3c gs6a0\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">88,5 </div></div><div class=\"c w112 h3c gs6a1\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">100,7 </div></div><div class=\"c w111 h3c gs6a2\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(12,2) </div></div><div class=\"c w113 h3c gs6a3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Servizi pubblici i<span class=\"_ _3\"></span>n concessione </div></div><div class=\"c w111 h3c gs6a4\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3.480,0 </div></div><div class=\"c w112 h3c gs6a5\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3.315,7 </div></div><div class=\"c w111 h3c gs6a6\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">164,3 </div></div><div class=\"c w113 h3c gs6a7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Liste clienti </div></div><div class=\"c w111 h3c gs6a8\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">571,9 </div></div><div class=\"c w112 h3c gs6a9\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">605,6 </div></div><div class=\"c w111 h3c gs6aa\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(33,7) </div></div><div class=\"c w113 h3c gs6ab\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre attivit\u00e0 immat<span class=\"_ _3\"></span>eriali </div></div><div class=\"c w111 h3c gs6ac\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">134,7 </div></div><div class=\"c w112 h3c gs6ad\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">119,4 </div></div><div class=\"c w111 h3c gs6ae\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">15,3 </div></div><div class=\"c w113 h3c gs6af\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso servizi pub<span class=\"_ _3\"></span>blici in concessione </div></div><div class=\"c w111 h3c gs6b0\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">443,4 </div></div><div class=\"c w112 h3c gs6b1\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">380,3 </div></div><div class=\"c w111 h3c gs6b2\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">63,1 </div></div><div class=\"c w113 h3c gs6b3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso </div></div><div class=\"c w111 h3c gs6b4\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">123,5 </div></div><div class=\"c w112 h3c gs6b5\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">92,6 </div></div><div class=\"c w111 h3c gs6b6\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">30,9 </div></div><div class=\"c w113 h3c gs6b7\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gs6b8\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">4.945,8 </div></div><div class=\"c w112 h3c gs6b9\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">4.719,6 </div></div><div class=\"c w111 h3c gs6ba\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">226,2 </div></div>Le <span class=\"_ _2\"> </span>attivit\u00e0 <span class=\"_ _2\"> </span>immateriali <span class=\"_ _8\"> </span>sono <span class=\"_ _2\"> </span>esposte <span class=\"_ _8\"> </span>al <span class=\"_ _2\"> </span>netto <span class=\"_ _2\"> </span>del <span class=\"_ _2\"> </span>relativo <span class=\"_ _8\"> </span>fondo <span class=\"_ _2\"> </span>ammortamento <span class=\"_ _8\"> </span>e <span class=\"_ _2\"> </span>presentano <span class=\"_ _2\"> </span>la <span class=\"_ _2\"> </span>seguente composizione e vari<span class=\"_ _3\"></span>azione: VALORE INIZIA<span class=\"_ _3\"></span>LE NETTO INVESTIMENTIDISINVESTIME<span class=\"_ _3\"></span>NTIAMMORTAMEN<span class=\"_ _3\"></span>TI E SVALUTAZIONIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOALTRE VARIAZIONIVALORE FINAL<span class=\"_ _3\"></span>E NETTO DI CUI VALORE FINALE LORDODI CUI FONDO AMMORTAMEN<span class=\"_ _3\"></span>TO31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Applicativi informati<span class=\"_ _3\"></span>ci 82,5 8,6 \u2010<span class=\"ff12\"> </span>(45,8) 0,1 59,9 105,3 637,1 (531,8) Concessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo 110,8 0,6 \u2010<span class=\"ff4\"> </span>(14,1) 1,5 1,9 100,7 487,2 (386,5) Servizi pubblici i<span class=\"_ _3\"></span>n concessione 3.184,5 209,4 (7,3) (183,8) \u2010<span class=\"ff4\"> </span>112,9 3.315,7 5.902,5 (2.586,8) Liste clienti 581,1 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(42,6) 67,1 \u2010<span class=\"ff4\"> </span>605,6 808,9 (203,3) Altre attivit\u00e0 immat<span class=\"_ _3\"></span>eriali 92,9 79,5 \u2010<span class=\"ff4\"> </span>(46,7) 1,8 (8,1) 119,4 328,7 (209,3) Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso servizi pubbli<span class=\"_ _3\"></span>ci in concessione 273,9 212,2 (0,2) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(105,6) 380,3 380,3 \u2010<span class=\"ff4\"> </span>Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso 91,7 62,8 \u2010<span class=\"ff4\"> </span>(0,4) \u2010<span class=\"ff4\"> </span>(61,5) 92,6 92,6 \u2010<span class=\"ff4\"> </span>Totale 4.417,4 573,1 (7,5) (333,4) 70,5 (0,5) 4.719,6 8.637,3 (3.917,7) 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>Applicativi informati<span class=\"_ _3\"></span>ci 105,3 11,6 \u2010<span class=\"ff12\"> </span>(48,5) 0,2 35,2 103,8 683,8 (580,0) Concessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo 100,7 0,1 \u2010<span class=\"ff4\"> </span>(13,8) 1,3 0,2 88,5 486,4 (397,9) Servizi pubblici i<span class=\"_ _3\"></span>n concessione 3.315,7 182,7 (8,7) (203,1) 12,8 180,6 3.480,0 6.251,9 (2.771,9) Liste clienti 605,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(45,1) 11,4 \u2010<span class=\"ff4\"> </span>571,9 820,3 (248,4) Altre attivit\u00e0 immat<span class=\"_ _3\"></span>eriali 119,4 66,6 (1,1) (53,0) \u2010<span class=\"ff4\"> </span>2,8 134,7 396,6 (261,9)<span class=\"_ _75\"> </span> Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso servizi pubbli<span class=\"_ _3\"></span>ci in concessione 380,3 245,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(182,5) 443,4 443,4 \u2010<span class=\"ff4\"> </span>Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso 92,6 71,5 (1,9) (0,6) \u2010<span class=\"ff4\"> </span>(38,1) 123,5 123,5 \u2010<span class=\"ff4\"> </span>Totale 4.719,6 578,1 (11,7) (364,1) 25,7 (1,8) 4.945,8 9.205,9 (4.260,1) \u201cApplicativi <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>nformatici\u201d, <span class=\"_ _d\"> </span>sono <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>costi  sostenuti <span class=\"_ _d\"> </span>per  l\u2019<span class=\"_ _3\"></span>acquisto <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>l\u2019implementazi<span class=\"_ _3\"></span>one <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>sistemi <span class=\"_ _f\"> </span>informativi aziendali. \u201cConcessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo\u201d, sono <span class=\"_ _3\"></span>costituiti principalment<span class=\"_ _3\"></span>e da:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">concessioni, pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>25,9 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro, r<span class=\"_ _5\"></span>iferibili <span class=\"_ _5\"></span>principalmente a <span class=\"_ _5\"></span>diritti relativi <span class=\"_ _5\"></span>alle a<span class=\"_ _5\"></span>ttivit\u00e0 di <span class=\"_ _5\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato </span></span>e <span class=\"_ _1d\"> </span>distribuzione <span class=\"_ _c\"> </span>gas, <span class=\"_ _1d\"> </span>classificati <span class=\"_ _1d\"> </span>nelle <span class=\"_ _1d\"> </span>attivit\u00e0 <span class=\"_ _1d\"> </span>immateriali <span class=\"_ _1d\"> </span>anche <span class=\"_ _c\"> </span>anteriormente <span class=\"_ _1d\"> </span>alla <span class=\"_ _1d\"> </span>prima <span class=\"_ _1d\"> </span>applicazione dell\u2019interpretazione If<span class=\"_ _3\"></span>ric 12 \u201cAccordi per <span class=\"_ _3\"></span>servizi in concessione\u201d;<span class=\"_ _75\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">autorizzazione <span class=\"_ _e\"> </span>relativa <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _e\"> </span>del<span class=\"_ _5\"></span>la <span class=\"_ _e\"> </span>discarica <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>Serravalle <span class=\"_ _d\"> </span>Pistoiese<span class=\"_ _5\"></span><span class=\"ff1 fcd ls1e\">, <span class=\"_ _f\"> </span></span><span class=\"ff1\">pari <span class=\"_ _e\"> </span>a<span class=\"fcd\"> <span class=\"_ _f\"> </span>45,1</span> <span class=\"_ _d\"> </span>milioni<span class=\"fcd\"> <span class=\"_ _e\"> </span></span>di <span class=\"_ _d\"> </span>euro, <span class=\"_ _d\"> </span>asset </span></span></span>iscritto nell\u2019ambito d<span class=\"_ _5\"></span>i un\u2019operazione d<span class=\"_ _5\"></span>i business <span class=\"_ _5\"></span>combination realizzata negli <span class=\"_ _5\"></span>esercizi precedenti e<span class=\"_ _5\"></span> ammortizzato sulla base delle to<span class=\"_ _3\"></span>nnellate conferite.  \u201cServizi <span class=\"_ _7\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncessione\u201d, <span class=\"_ _7\"></span>comprendono <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>beni <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>dist<span class=\"_ _3\"></span>ribuzione <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as, <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>energia elettrica (territorio di <span class=\"_ _5\"></span>Imola), ciclo <span class=\"_ _5\"></span>idrico integrato<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>trattament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>e illuminazione pubblica <span class=\"_ _5\"></span>(salvo per questi <span class=\"_ _5\"></span>ultimi quanto<span class=\"_ _75\"> </span>precisato nella <span class=\"_ _5\"></span><span class=\"ff5\">nota 18 <span class=\"_ _5\"></span>\u201cAttivit\u00e0 finanziarie, disponibilit\u00e0 liquide e me<span class=\"_ _5\"></span>zzi equivalenti\u201d) oggetto di<span class=\"_ _7\"></span></span> <span class=\"_ _5\"></span>concessione da parte degli enti <span class=\"_ _5\"></span>pubblici di r<span class=\"_ _5\"></span>iferimento.<span class=\"_ _3\"></span> Tali <span class=\"_ _5\"></span>rapporti di <span class=\"_ _5\"></span>concessione e i <span class=\"_ _5\"></span>relativi beni, <span class=\"_ _5\"></span>inerenti all\u2019esercizio dell\u2019attivit\u00e0 sui <span class=\"_ _6\"> </span><span class=\"ff1\">quali </span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>detiene <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>diritti <span class=\"_ _7\"></span>all\u2019utilizzo, <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontabilizzati <span class=\"_ _7\"></span>applicando <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>modello <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>immateriale <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _7\"></span>previsto dall\u2019interpretazione <span class=\"_ _d\"> </span>Ifric <span class=\"_ _f\"> </span>12. <span class=\"_ _f\"> </span>Gli <span class=\"_ _f\"> </span>investimenti <span class=\"_ _f\"> </span>dell\u2019esercizio <span class=\"_ _d\"> </span>hanno <span class=\"_ _f\"> </span>riguardato <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rincipalmente <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>reti <span class=\"_ _f\"> </span>idriche <span class=\"_ _f\"> </span>per <span class=\"_ _10\"> </span><span class=\"ff1 ls10\">94<span class=\"_ _3\"></span><span class=\"ls0\"> </span></span>milioni di euro e le reti <span class=\"_ _3\"></span>di distribuzione del ga<span class=\"_ _3\"></span>s per <span class=\"_ _5\"></span>59,3 milioni di euro. \u201cAttivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>pubblici <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>concessione\u201d, <span class=\"_ _5\"></span>rappresentano <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>investimenti<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _7\"></span>correlati <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>medesime </span>concessioni, che risultano ancora da u<span class=\"_ _5\"></span>ltimare alla data di fine esercizio e s<span class=\"_ _5\"></span>i riferiscono principal<span class=\"_ _3\"></span>mente alle reti idriche per <span class=\"_ _5\"></span>291,3 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>reti <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>distribuzione del <span class=\"_ _5\"></span>gas <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>96,7 <span class=\"_ _5\"></span><span class=\"ff5\">milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>all\u2019igiene <span class=\"_ _5\"></span>urbana <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span></span>26,8 <span class=\"_ _5\"></span>milioni di euro.<span class=\"_ _75\"> </span>\u201cAttivit\u00e0 immateriali i<span class=\"_ _3\"></span>n corso\u201d, sono costituite <span class=\"_ _3\"></span>principalmente da proge<span class=\"_ _3\"></span>tti informatici non ancora<span class=\"_ _3\"></span> ultimati.<span class=\"_ _75\"> </span>\u201cListe clienti\u201d, sono <span class=\"_ _5\"></span>iscritte per effetto delle operazioni di <span class=\"_ _5\"></span>business combination e della conse<span class=\"_ _5\"></span>guent<span class=\"_ _3\"></span>e a<span class=\"_ _5\"></span>ttivit\u00e0 valutativa<span class=\"_ _3\"></span> a <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>asset <span class=\"_ _6\"></span>acquisiti. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>ammortamento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>tali <span class=\"_ _6\"></span>liste <span class=\"_ _6\"></span>clienti <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>correlato <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>abbandono (churn rate) identific<span class=\"_ _3\"></span>ato per ogni singola op<span class=\"_ _3\"></span>erazione. \u201cAltre <span class=\"_ _f\"> </span>att<span class=\"_ _5\"></span>ivit\u00e0 <span class=\"_ _f\"> </span>immateriali\u201d, <span class=\"_ _f\"> </span>comprendono  p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _f\"> </span>i  cost<span class=\"_ _3\"></span>i  increm<span class=\"_ _3\"></span>entali  so<span class=\"_ _3\"></span>stenuti  p<span class=\"_ _3\"></span>er  l\u2019ottenim<span class=\"_ _3\"></span>ento  di<span class=\"_ _3\"></span>  nuov<span class=\"_ _3\"></span>i contratti <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>vendita <span class=\"_ _f\"> </span>rappresentati <span class=\"_ _d\"> </span>esclusivamente <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>provvigioni. <span class=\"_ _f\"> </span>Gli <span class=\"_ _f\"> </span>investimenti <span class=\"_ _d\"> </span>risultano <span class=\"_ _f\"> </span>significativi <span class=\"_ _d\"> </span>anche <span class=\"_ _f\"> </span>per l\u2019esercizio <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>024<span class=\"ff1\"> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>strategia <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>sviluppo <span class=\"_ _6\"></span>commerciale <span class=\"_ _6\"></span>posta <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>essere, <span class=\"_ _6\"></span>ammontando <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>65,5 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di </span>euro (78,3 milioni <span class=\"_ _3\"></span>di euro per l\u2019esercizio <span class=\"_ _3\"></span>2023<span class=\"_ _5\"></span><span class=\"ff1\">).  </span>Le \u201cAltre variazioni\u201d comprend<span class=\"_ _3\"></span>ono riclassifiche delle immo<span class=\"_ _3\"></span>bilizzazioni in corso alle rispett<span class=\"_ _3\"></span>ive categorie specifiche per i cespiti entrati in <span class=\"_ _5\"></span>funzione nel corso dell\u2019esercizio e <span class=\"_ _5\"></span>riclassifiche da/a immobilizzazioni materiali, specie in presenza di beni oggetto di atti<span class=\"_ _3\"></span>vit\u00e0 in concessione.  La \u201c<span class=\"_ _5\"></span>Variazione dell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consolidamento\u201d riflette <span class=\"_ _5\"></span>le acquisizioni <span class=\"_ _5\"></span>di controllo <span class=\"_ _5\"></span>realizzate nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio<span class=\"_ _7\"></span><span class=\"ff1\">, per <span class=\"_ _5\"></span>i </span>cui <span class=\"_ _6\"></span><span class=\"ff5\">dettagli <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>rinvi<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>sezione <span class=\"_ _6\"></span>\u201cBusi<span class=\"_ _3\"></span>ness <span class=\"_ _6\"></span>combin<span class=\"_ _3\"></span>ation <span class=\"_ _6\"></span>(infor<span class=\"_ _3\"></span>mazioni <span class=\"_ _6\"></span>integra<span class=\"_ _3\"></span>tive)\u201d <span class=\"_ _7\"></span>contenuta <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>paragrafo <span class=\"_ _6\"></span>2.02.10<span class=\"_ _3\"></span> </span>\u201cAltre informazioni\u201d.<span class=\"ff1\"> </span>24<span class=\"ls55\">  <span class=\"ls0\">Avviament<span class=\"_ _3\"></span>o </span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Avviamento 933,0 908,7 24,3 Il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>del<span class=\"ff5\">l\u2019avviamento a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span></span>4 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>riconducibile principalmente <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>seguenti <span class=\"_ _5\"></span>operazioni<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione del controllo avvenute in e<span class=\"_ _3\"></span>sercizi precedenti: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">\u201cAttivit\u00e0 commerciali A<span class=\"_ _3\"></span>scopiave\u201d<span class=\"ff1 ls1e\">, <span class=\"ls0\">per co<span class=\"_ _5\"></span>mplessi<span class=\"_ _3\"></span>vi 431,2 milioni di euro (anno 2019); </span></span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">integrazione che ha <span class=\"_ _3\"></span>dato origine a Hera Spa,<span class=\"_ _3\"></span> per 81,3 milioni di <span class=\"_ _3\"></span>euro<span class=\"_ _5\"></span> (anno 2002); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fusione di Agea Spa, per 41,<span class=\"_ _3\"></span>7 milioni di euro (anno 2004); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Gruppo Meta per eff<span class=\"_ _3\"></span>etto della fusione di M<span class=\"_ _3\"></span>eta Spa in Hera Spa, <span class=\"_ _3\"></span>per 117,7 milioni di euro<span class=\"_ _5\"></span> (anno 2005); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fusione di Sat Spa in Hera S<span class=\"_ _3\"></span>pa, per 54,9 milioni di euro (anno 2008); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">A.C.R. Spa, per 27,1 milio<span class=\"_ _3\"></span>ni di euro (anno 2023); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Gruppo Aliplast, per 25 milio<span class=\"_ _3\"></span>ni di euro (anno 2017); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Gruppo Marche Multis<span class=\"_ _3\"></span>ervizi,<span class=\"_ _5\"></span> per 2<span class=\"_ _3\"></span>0,8 milioni di euro (anno 2006); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Asco T<span class=\"ls10\">LC</span> Spa me<span class=\"_ _3\"></span>diante fusione per inco<span class=\"_ _3\"></span>rporazione in Acantho S<span class=\"_ _3\"></span>pa<span class=\"_ _5\"></span>, per 18,1 milioni di euro (anno 2023);<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">F.lli Franchini Srl, per 15,4 mili<span class=\"_ _3\"></span>oni di euro (anno 2023). </span></span>Nel <span class=\"_ _f\"> </span>corso  dell\u2019eserci<span class=\"_ _3\"></span>zio  20<span class=\"_ _3\"></span>24 <span class=\"_ _f\"> </span>\u00e8  stata <span class=\"_ _f\"> </span>effettuata  una <span class=\"_ _f\"> </span>operazione <span class=\"_ _f\"> </span>di  agg<span class=\"_ _3\"></span>regazione <span class=\"_ _f\"> </span>aziendale  che <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>comportato l\u2019incremento <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ell\u2019avviament<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>24,<span class=\"_ _5\"></span>3 <span class=\"_ _d\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>euro, <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iferita <span class=\"_ _e\"> </span>all\u2019acquisizione <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>societ\u00e0  <span class=\"ff1\">TRS <span class=\"_ _d\"> </span>Ecology <span class=\"_ _d\"> </span>Srl<span class=\"_ _5\"></span>. <span class=\"_ _d\"> </span>Per </span>maggiori <span class=\"_ _f\"> </span>dettagli <span class=\"_ _f\"> </span>sulle <span class=\"_ _f\"> </span>operazioni <span class=\"_ _f\"> </span>di  <span class=\"ff5\">aggregazione <span class=\"_ _f\"> </span>si  rim<span class=\"_ _3\"></span>anda <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>sezione  \u201cB<span class=\"_ _3\"></span>usiness <span class=\"_ _f\"> </span>combination <span class=\"_ _f\"> </span>(informazioni </span>integrative)\u201d del paragr<span class=\"_ _3\"></span>afo 2.02.10 \u201cAltre<span class=\"ff1\"> informazioni</span>\u201d<span class=\"ff1\">. </span>Di seguito si riporta i<span class=\"_ _3\"></span>l valore dell\u2019avviamento <span class=\"_ _3\"></span>suddiviso per settor<span class=\"_ _3\"></span>e operativo:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Gas 493,5 493,5 \u2010<span class=\"ff12\"> </span>Ambiente 284,9 260,6 24,3 Energia elettrica 91,2 91,2 \u2010<span class=\"ff4\"> </span>Ciclo idrico 42,7 42,7 \u2010<span class=\"ff4\"> </span>Altri servizi 20,7 20,7 \u2010<span class=\"ff4\"> </span>Totale 933,0 908,7 24,3 Si <span class=\"_ _e\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>nel <span class=\"_ _e\"> </span>corso <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>2024 <span class=\"_ _6\"></span>ne<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>segmento <span class=\"_ _e\"></span>Energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>stata <span class=\"_ _e\"> </span>operata <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>riclassificazione <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>ettore Illuminazione pubblica, <span class=\"_ _5\"></span>precedentement<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>contenuto all\u2019interno del <span class=\"_ _5\"></span>segmento <span class=\"_ _5\"></span>Altri <span class=\"_ _5\"></span>servizi<span class=\"_ _5\"></span><span class=\"ff1\">; <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>conseguenza <span class=\"_ _5\"></span>il settore <span class=\"_ _5\"></span>\u00e8 </span>stato <span class=\"_ _6\"></span>riclassificato <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023<span class=\"_ _5\"></span>. <span class=\"_ _e\"></span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _6\"></span>dettagli <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>rimanda <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>capitolo <span class=\"_ _6\"></span>1.06 <span class=\"_ _d\"> </span><span class=\"ff5\">\u201c</span>Analisi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>aree strategiche d\u2019affari\u201d<span class=\"ff1\"> contenut<span class=\"_ _3\"></span>o nella relazione sulla<span class=\"_ _3\"></span> gestione</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-57": {
   "value": "23  <span class=\"ls0\">Attivit\u00e0 im<span class=\"_ _3\"></span>materiali </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Applicativi informati<span class=\"_ _3\"></span>ci 103,8 105,3 (1,5) Concessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo 88,5 100,7 (12,2) Servizi pubblici i<span class=\"_ _3\"></span>n concessione 3.480,0 3.315,7 164,3 Liste clienti 571,9 605,6 (33,7) Altre attivit\u00e0 immat<span class=\"_ _3\"></span>eriali 134,7 119,4 15,3 Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso servizi pub<span class=\"_ _3\"></span>blici in concessione 443,4 380,3 63,1 Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso 123,5 92,6 30,9 Totale 4.945,8 4.719,6 226,2 Le <span class=\"_ _2\"> </span>attivit\u00e0 <span class=\"_ _2\"> </span>immateriali <span class=\"_ _8\"> </span>sono <span class=\"_ _2\"> </span>esposte <span class=\"_ _8\"> </span>al <span class=\"_ _2\"> </span>netto <span class=\"_ _2\"> </span>del <span class=\"_ _2\"> </span>relativo <span class=\"_ _8\"> </span>fondo <span class=\"_ _2\"> </span>ammortamento <span class=\"_ _8\"> </span>e <span class=\"_ _2\"> </span>presentano <span class=\"_ _2\"> </span>la <span class=\"_ _2\"> </span>seguente composizione e vari<span class=\"_ _3\"></span>azione: VALORE INIZIA<span class=\"_ _3\"></span>LE NETTO INVESTIMENTIDISINVESTIME<span class=\"_ _3\"></span>NTIAMMORTAMEN<span class=\"_ _3\"></span>TI E SVALUTAZIONIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOALTRE VARIAZIONIVALORE FINAL<span class=\"_ _3\"></span>E NETTO DI CUI VALORE FINALE LORDODI CUI FONDO AMMORTAMEN<span class=\"_ _3\"></span>TO31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Applicativi informati<span class=\"_ _3\"></span>ci 82,5 8,6 \u2010<span class=\"ff12\"> </span>(45,8) 0,1 59,9 105,3 637,1 (531,8) Concessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo 110,8 0,6 \u2010<span class=\"ff4\"> </span>(14,1) 1,5 1,9 100,7 487,2 (386,5) Servizi pubblici i<span class=\"_ _3\"></span>n concessione 3.184,5 209,4 (7,3) (183,8) \u2010<span class=\"ff4\"> </span>112,9 3.315,7 5.902,5 (2.586,8) Liste clienti 581,1 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(42,6) 67,1 \u2010<span class=\"ff4\"> </span>605,6 808,9 (203,3) Altre attivit\u00e0 immat<span class=\"_ _3\"></span>eriali 92,9 79,5 \u2010<span class=\"ff4\"> </span>(46,7) 1,8 (8,1) 119,4 328,7 (209,3) Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso servizi pubbli<span class=\"_ _3\"></span>ci in concessione 273,9 212,2 (0,2) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(105,6) 380,3 380,3 \u2010<span class=\"ff4\"> </span>Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso 91,7 62,8 \u2010<span class=\"ff4\"> </span>(0,4) \u2010<span class=\"ff4\"> </span>(61,5) 92,6 92,6 \u2010<span class=\"ff4\"> </span>Totale 4.417,4 573,1 (7,5) (333,4) 70,5 (0,5) 4.719,6 8.637,3 (3.917,7) 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>Applicativi informati<span class=\"_ _3\"></span>ci 105,3 11,6 \u2010<span class=\"ff12\"> </span>(48,5) 0,2 35,2 103,8 683,8 (580,0) Concessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo 100,7 0,1 \u2010<span class=\"ff4\"> </span>(13,8) 1,3 0,2 88,5 486,4 (397,9) Servizi pubblici i<span class=\"_ _3\"></span>n concessione 3.315,7 182,7 (8,7) (203,1) 12,8 180,6 3.480,0 6.251,9 (2.771,9) Liste clienti 605,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(45,1) 11,4 \u2010<span class=\"ff4\"> </span>571,9 820,3 (248,4) Altre attivit\u00e0 immat<span class=\"_ _3\"></span>eriali 119,4 66,6 (1,1) (53,0) \u2010<span class=\"ff4\"> </span>2,8 134,7 396,6 (261,9)<span class=\"_ _75\"> </span>Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso servizi pubbli<span class=\"_ _3\"></span>ci in concessione 380,3 245,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(182,5) 443,4 443,4 \u2010<span class=\"ff4\"> </span>Attivit\u00e0 immateriali <span class=\"_ _3\"></span>in corso 92,6 71,5 (1,9) (0,6) \u2010<span class=\"ff4\"> </span>(38,1) 123,5 123,5 \u2010<span class=\"ff4\"> </span>Totale 4.719,6 578,1 (11,7) (364,1) 25,7 (1,8) 4.945,8 9.205,9 (4.260,1) \u201cApplicativi <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>nformatici\u201d, <span class=\"_ _d\"> </span>sono <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>costi  sostenuti <span class=\"_ _d\"> </span>per  l\u2019<span class=\"_ _3\"></span>acquisto <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>l\u2019implementazi<span class=\"_ _3\"></span>one <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>sistemi <span class=\"_ _f\"> </span>informativi aziendali. \u201cConcessioni e altri <span class=\"_ _3\"></span>diritti di utilizzo\u201d, sono <span class=\"_ _3\"></span>costituiti principalment<span class=\"_ _3\"></span>e da:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">concessioni, pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>25,9 <span class=\"_ _5\"></span>milioni di <span class=\"_ _5\"></span>euro, r<span class=\"_ _5\"></span>iferibili <span class=\"_ _5\"></span>principalmente a <span class=\"_ _5\"></span>diritti relativi <span class=\"_ _5\"></span>alle a<span class=\"_ _5\"></span>ttivit\u00e0 di <span class=\"_ _5\"></span>ciclo idrico <span class=\"_ _5\"></span>integrato </span></span>e <span class=\"_ _1d\"> </span>distribuzione <span class=\"_ _c\"> </span>gas, <span class=\"_ _1d\"> </span>classificati <span class=\"_ _1d\"> </span>nelle <span class=\"_ _1d\"> </span>attivit\u00e0 <span class=\"_ _1d\"> </span>immateriali <span class=\"_ _1d\"> </span>anche <span class=\"_ _c\"> </span>anteriormente <span class=\"_ _1d\"> </span>alla <span class=\"_ _1d\"> </span>prima <span class=\"_ _1d\"> </span>applicazione dell\u2019interpretazione If<span class=\"_ _3\"></span>ric 12 \u201cAccordi per <span class=\"_ _3\"></span>servizi in concessione\u201d;<span class=\"_ _75\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">autorizzazione <span class=\"_ _e\"> </span>relativa <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _e\"> </span>del<span class=\"_ _5\"></span>la <span class=\"_ _e\"> </span>discarica <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>Serravalle <span class=\"_ _d\"> </span>Pistoiese<span class=\"_ _5\"></span><span class=\"ff1 fcd ls1e\">, <span class=\"_ _f\"> </span></span><span class=\"ff1\">pari <span class=\"_ _e\"> </span>a<span class=\"fcd\"> <span class=\"_ _f\"> </span>45,1</span> <span class=\"_ _d\"> </span>milioni<span class=\"fcd\"> <span class=\"_ _e\"> </span></span>di <span class=\"_ _d\"> </span>euro, <span class=\"_ _d\"> </span>asset </span></span></span>iscritto nell\u2019ambito d<span class=\"_ _5\"></span>i un\u2019operazione d<span class=\"_ _5\"></span>i business <span class=\"_ _5\"></span>combination realizzata negli <span class=\"_ _5\"></span>esercizi precedenti e<span class=\"_ _5\"></span> ammortizzato sulla base delle to<span class=\"_ _3\"></span>nnellate conferite.  \u201cServizi <span class=\"_ _7\"></span>pubblici <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>oncessione\u201d, <span class=\"_ _7\"></span>comprendono <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>beni <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ttivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>dist<span class=\"_ _3\"></span>ribuzione <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as, <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>energia elettrica (territorio di <span class=\"_ _5\"></span>Imola), ciclo <span class=\"_ _5\"></span>idrico integrato<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>trattament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>e illuminazione pubblica <span class=\"_ _5\"></span>(salvo per questi <span class=\"_ _5\"></span>ultimi quanto<span class=\"_ _75\"> </span>precisato nella <span class=\"_ _5\"></span><span class=\"ff5\">nota 18 <span class=\"_ _5\"></span>\u201cAttivit\u00e0 finanziarie, disponibilit\u00e0 liquide e me<span class=\"_ _5\"></span>zzi equivalenti\u201d) oggetto di<span class=\"_ _7\"></span></span> <span class=\"_ _5\"></span>concessione da parte degli enti <span class=\"_ _5\"></span>pubblici di r<span class=\"_ _5\"></span>iferimento.<span class=\"_ _3\"></span> Tali <span class=\"_ _5\"></span>rapporti di <span class=\"_ _5\"></span>concessione e i <span class=\"_ _5\"></span>relativi beni, <span class=\"_ _5\"></span>inerenti all\u2019esercizio dell\u2019attivit\u00e0 sui <span class=\"_ _6\"> </span><span class=\"ff1\">quali </span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>detiene <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>diritti <span class=\"_ _7\"></span>all\u2019utilizzo, <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontabilizzati <span class=\"_ _7\"></span>applicando <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>modello <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>immateriale <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _7\"></span>previsto dall\u2019interpretazione <span class=\"_ _d\"> </span>Ifric <span class=\"_ _f\"> </span>12. <span class=\"_ _f\"> </span>Gli <span class=\"_ _f\"> </span>investimenti <span class=\"_ _f\"> </span>dell\u2019esercizio <span class=\"_ _d\"> </span>hanno <span class=\"_ _f\"> </span>riguardato <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rincipalmente <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>reti <span class=\"_ _f\"> </span>idriche <span class=\"_ _f\"> </span>per <span class=\"_ _10\"> </span><span class=\"ff1 ls10\">94<span class=\"_ _3\"></span><span class=\"ls0\"> </span></span>milioni di euro e le reti <span class=\"_ _3\"></span>di distribuzione del ga<span class=\"_ _3\"></span>s per <span class=\"_ _5\"></span>59,3 milioni di euro. \u201cAttivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>servizi <span class=\"_ _7\"></span>pubblici <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>concessione\u201d, <span class=\"_ _5\"></span>rappresentano <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>investimenti<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _7\"></span>correlati <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>medesime </span>concessioni, che risultano ancora da u<span class=\"_ _5\"></span>ltimare alla data di fine esercizio e s<span class=\"_ _5\"></span>i riferiscono principal<span class=\"_ _3\"></span>mente alle reti idriche per <span class=\"_ _5\"></span>291,3 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro, <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>reti <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>distribuzione del <span class=\"_ _5\"></span>gas <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>96,7 <span class=\"_ _5\"></span><span class=\"ff5\">milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>all\u2019igiene <span class=\"_ _5\"></span>urbana <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span></span>26,8 <span class=\"_ _5\"></span>milioni di euro.<span class=\"_ _75\"> </span>\u201cAttivit\u00e0 immateriali i<span class=\"_ _3\"></span>n corso\u201d, sono costituite <span class=\"_ _3\"></span>principalmente da proge<span class=\"_ _3\"></span>tti informatici non ancora<span class=\"_ _3\"></span> ultimati.<span class=\"_ _75\"> </span>\u201cListe clienti\u201d, sono <span class=\"_ _5\"></span>iscritte per effetto delle operazioni di <span class=\"_ _5\"></span>business combination e della conse<span class=\"_ _5\"></span>guent<span class=\"_ _3\"></span>e a<span class=\"_ _5\"></span>ttivit\u00e0 valutativa<span class=\"_ _3\"></span> a <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>asset <span class=\"_ _6\"></span>acquisiti. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>ammortamento<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>tali <span class=\"_ _6\"></span>liste <span class=\"_ _6\"></span>clienti <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>correlato <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>abbandono (churn rate) identific<span class=\"_ _3\"></span>ato per ogni singola op<span class=\"_ _3\"></span>erazione. \u201cAltre <span class=\"_ _f\"> </span>att<span class=\"_ _5\"></span>ivit\u00e0 <span class=\"_ _f\"> </span>immateriali\u201d, <span class=\"_ _f\"> </span>comprendono  p<span class=\"_ _3\"></span>rincipalmente <span class=\"_ _f\"> </span>i  cost<span class=\"_ _3\"></span>i  increm<span class=\"_ _3\"></span>entali  so<span class=\"_ _3\"></span>stenuti  p<span class=\"_ _3\"></span>er  l\u2019ottenim<span class=\"_ _3\"></span>ento  di<span class=\"_ _3\"></span>  nuov<span class=\"_ _3\"></span>i contratti <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>vendita <span class=\"_ _f\"> </span>rappresentati <span class=\"_ _d\"> </span>esclusivamente <span class=\"_ _d\"> </span>da <span class=\"_ _f\"> </span>provvigioni. <span class=\"_ _f\"> </span>Gli <span class=\"_ _f\"> </span>investimenti <span class=\"_ _d\"> </span>risultano <span class=\"_ _f\"> </span>significativi <span class=\"_ _d\"> </span>anche <span class=\"_ _f\"> </span>per l\u2019esercizio <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>024<span class=\"ff1\"> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>dell<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>strategia <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>sviluppo <span class=\"_ _6\"></span>commerciale <span class=\"_ _6\"></span>posta <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>essere, <span class=\"_ _6\"></span>ammontando <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>65,5 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di </span>euro (78,3 milioni <span class=\"_ _3\"></span>di euro per l\u2019esercizio <span class=\"_ _3\"></span>2023<span class=\"_ _5\"></span><span class=\"ff1\">).  </span>Le \u201cAltre variazioni\u201d comprend<span class=\"_ _3\"></span>ono riclassifiche delle immo<span class=\"_ _3\"></span>bilizzazioni in corso alle rispett<span class=\"_ _3\"></span>ive categorie specifiche per i cespiti entrati in <span class=\"_ _5\"></span>funzione nel corso dell\u2019esercizio e <span class=\"_ _5\"></span>riclassifiche da/a immobilizzazioni materiali, specie in presenza di beni oggetto di atti<span class=\"_ _3\"></span>vit\u00e0 in concessione.  La \u201c<span class=\"_ _5\"></span>Variazione dell\u2019area <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consolidamento\u201d riflette <span class=\"_ _5\"></span>le acquisizioni <span class=\"_ _5\"></span>di controllo <span class=\"_ _5\"></span>realizzate nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio<span class=\"_ _7\"></span><span class=\"ff1\">, per <span class=\"_ _5\"></span>i </span>cui <span class=\"_ _6\"></span><span class=\"ff5\">dettagli <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>rinvi<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>sezione <span class=\"_ _6\"></span>\u201cBusi<span class=\"_ _3\"></span>ness <span class=\"_ _6\"></span>combin<span class=\"_ _3\"></span>ation <span class=\"_ _6\"></span>(infor<span class=\"_ _3\"></span>mazioni <span class=\"_ _6\"></span>integra<span class=\"_ _3\"></span>tive)\u201d <span class=\"_ _7\"></span>contenuta <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>paragrafo <span class=\"_ _6\"></span>2.02.10<span class=\"_ _3\"></span> </span>\u201cAltre informazioni\u201d.<span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-58": {
   "value": "24<span class=\"ls55\">  <span class=\"ls0\">Avviament<span class=\"_ _3\"></span>o </span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Avviamento 933,0 908,7 24,3 Il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>del<span class=\"ff5\">l\u2019avviamento a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2<span class=\"_ _5\"></span>02<span class=\"_ _5\"></span></span>4 <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>riconducibile principalmente <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>seguenti <span class=\"_ _5\"></span>operazioni<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione del controllo avvenute in e<span class=\"_ _3\"></span>sercizi precedenti: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">\u201cAttivit\u00e0 commerciali A<span class=\"_ _3\"></span>scopiave\u201d<span class=\"ff1 ls1e\">, <span class=\"ls0\">per co<span class=\"_ _5\"></span>mplessi<span class=\"_ _3\"></span>vi 431,2 milioni di euro (anno 2019); </span></span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">integrazione che ha <span class=\"_ _3\"></span>dato origine a Hera Spa,<span class=\"_ _3\"></span> per 81,3 milioni di <span class=\"_ _3\"></span>euro<span class=\"_ _5\"></span> (anno 2002); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fusione di Agea Spa, per 41,<span class=\"_ _3\"></span>7 milioni di euro (anno 2004); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Gruppo Meta per eff<span class=\"_ _3\"></span>etto della fusione di M<span class=\"_ _3\"></span>eta Spa in Hera Spa, <span class=\"_ _3\"></span>per 117,7 milioni di euro<span class=\"_ _5\"></span> (anno 2005); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fusione di Sat Spa in Hera S<span class=\"_ _3\"></span>pa, per 54,9 milioni di euro (anno 2008); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">A.C.R. Spa, per 27,1 milio<span class=\"_ _3\"></span>ni di euro (anno 2023); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Gruppo Aliplast, per 25 milio<span class=\"_ _3\"></span>ni di euro (anno 2017); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Gruppo Marche Multis<span class=\"_ _3\"></span>ervizi,<span class=\"_ _5\"></span> per 2<span class=\"_ _3\"></span>0,8 milioni di euro (anno 2006); </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Asco T<span class=\"ls10\">LC</span> Spa me<span class=\"_ _3\"></span>diante fusione per inco<span class=\"_ _3\"></span>rporazione in Acantho S<span class=\"_ _3\"></span>pa<span class=\"_ _5\"></span>, per 18,1 milioni di euro (anno 2023);<span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">F.lli Franchini Srl, per 15,4 mili<span class=\"_ _3\"></span>oni di euro (anno 2023). </span></span>Nel <span class=\"_ _f\"> </span>corso  dell\u2019eserci<span class=\"_ _3\"></span>zio  20<span class=\"_ _3\"></span>24 <span class=\"_ _f\"> </span>\u00e8  stata <span class=\"_ _f\"> </span>effettuata  una <span class=\"_ _f\"> </span>operazione <span class=\"_ _f\"> </span>di  agg<span class=\"_ _3\"></span>regazione <span class=\"_ _f\"> </span>aziendale  che <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>comportato l\u2019incremento <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ell\u2019avviament<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>24,<span class=\"_ _5\"></span>3 <span class=\"_ _d\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>euro, <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>iferita <span class=\"_ _e\"> </span>all\u2019acquisizione <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>societ\u00e0  <span class=\"ff1\">TRS <span class=\"_ _d\"> </span>Ecology <span class=\"_ _d\"> </span>Srl<span class=\"_ _5\"></span>. <span class=\"_ _d\"> </span>Per </span>maggiori <span class=\"_ _f\"> </span>dettagli <span class=\"_ _f\"> </span>sulle <span class=\"_ _f\"> </span>operazioni <span class=\"_ _f\"> </span>di  <span class=\"ff5\">aggregazione <span class=\"_ _f\"> </span>si  rim<span class=\"_ _3\"></span>anda <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>sezione  \u201cB<span class=\"_ _3\"></span>usiness <span class=\"_ _f\"> </span>combination <span class=\"_ _f\"> </span>(informazioni </span>integrative)\u201d del paragr<span class=\"_ _3\"></span>afo 2.02.10 \u201cAltre<span class=\"ff1\"> informazioni</span>\u201d<span class=\"ff1\">. </span>Di seguito si riporta i<span class=\"_ _3\"></span>l valore dell\u2019avviamento <span class=\"_ _3\"></span>suddiviso per settor<span class=\"_ _3\"></span>e operativo:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Gas 493,5 493,5 \u2010<span class=\"ff12\"> </span>Ambiente 284,9 260,6 24,3 Energia elettrica 91,2 91,2 \u2010<span class=\"ff4\"> </span>Ciclo idrico 42,7 42,7 \u2010<span class=\"ff4\"> </span>Altri servizi 20,7 20,7 \u2010<span class=\"ff4\"> </span>Totale 933,0 908,7 24,3 Si <span class=\"_ _e\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>nel <span class=\"_ _e\"> </span>corso <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>2024 <span class=\"_ _6\"></span>ne<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>segmento <span class=\"_ _e\"></span>Energia <span class=\"_ _d\"> </span>elettrica <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>stata <span class=\"_ _e\"> </span>operata <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>riclassificazione <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>ettore Illuminazione pubblica, <span class=\"_ _5\"></span>precedentement<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>contenuto all\u2019interno del <span class=\"_ _5\"></span>segmento <span class=\"_ _5\"></span>Altri <span class=\"_ _5\"></span>servizi<span class=\"_ _5\"></span><span class=\"ff1\">; <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>conseguenza <span class=\"_ _5\"></span>il settore <span class=\"_ _5\"></span>\u00e8 </span>stato <span class=\"_ _6\"></span>riclassificato <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023<span class=\"_ _5\"></span>. <span class=\"_ _e\"></span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _6\"></span>dettagli <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>rimanda <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>capitolo <span class=\"_ _6\"></span>1.06 <span class=\"_ _d\"> </span><span class=\"ff5\">\u201c</span>Analisi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>aree strategiche d\u2019affari\u201d<span class=\"ff1\"> contenut<span class=\"_ _3\"></span>o nella relazione sulla<span class=\"_ _3\"></span> gestione</span><span class=\"ff1\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-59": {
   "value": "25 <span class=\"ls0\"> Impairment <span class=\"_ _3\"></span>test asset </span>Unit\u00e0 generatrici di flu<span class=\"_ _3\"></span>ssi finanziari e avviam<span class=\"_ _3\"></span>ento<span class=\"_ _5\"></span> Asset<span class=\"ff5\">, diritti d\u2019uso</span> e a<span class=\"_ _5\"></span>vviamenti sono stati assoggettati a test di impairment attrave<span class=\"_ _3\"></span>rso la determinazione del valore in uso, <span class=\"_ _7\"></span>inteso <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>attuale <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cassa <span class=\"_ _7\"></span>operativi <span class=\"_ _7\"></span>(opportunam<span class=\"_ _3\"></span>ente <span class=\"_ _7\"></span>attualizzati <span class=\"_ _5\"></span>secondo <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _7\"></span>Dcf <span class=\"_ _e\"> </span>- Discounted cash <span class=\"_ _5\"></span>flow) derivanti da<span class=\"_ _5\"></span>l piano <span class=\"_ _5\"></span>industriale 2024<span class=\"_ _5\"></span>-2028, approvato <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Consiglio di Amministrazione <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>Hera<span class=\"_ _3\"></span> Spa nella seduta del 22 gennai<span class=\"_ _3\"></span>o 2025. Gli <span class=\"_ _10\"> </span>avviamenti <span class=\"_ _10\"> </span>allocati <span class=\"_ _10\"> </span>alle <span class=\"_ _10\"> </span>singole <span class=\"_ _8\"> </span>unit\u00e0 <span class=\"_ _10\"> </span>generatrici <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>flussi <span class=\"_ _10\"> </span>finanziari <span class=\"_ _10\"> </span>(Cgu <span class=\"_ _8\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _10\"> </span>Cash <span class=\"_ _10\"> </span>generating <span class=\"_ _10\"> </span>units) <span class=\"_ _10\"> </span>sono assoggettati <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>impai<span class=\"_ _3\"></span>rment <span class=\"_ _6\"></span>test <span class=\"_ _7\"></span>almeno <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cad<span class=\"_ _3\"></span>enza <span class=\"_ _6\"></span>annuale. <span class=\"_ _7\"></span>Specifici <span class=\"_ _6\"></span>asset <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>gruppi <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>asset <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>vita <span class=\"_ _7\"></span>ut<span class=\"_ _5\"></span>ile <span class=\"_ _7\"></span>definita, intesi <span class=\"_ _d\"> </span>quale <span class=\"_ _f\"> </span>aggregazione <span class=\"_ _d\"> </span>pi\u00f9 <span class=\"_ _f\"> </span>piccol<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>he <span class=\"_ _d\"> </span>genera<span class=\"lse\">no<span class=\"_ _5\"></span></span> <span class=\"_ _d\"> </span>flussi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>cassa <span class=\"_ _d\"> </span>indipendenti, <span class=\"_ _f\"> </span>sono <span class=\"_ _d\"> </span>assoggettati <span class=\"_ _d\"> </span>a impairment test solo se <span class=\"_ _5\"></span>esiste una indicazione che possa<span class=\"_ _5\"></span><span class=\"lse\">no</span> aver subito una <span class=\"_ _5\"></span>riduzione di valore. In par<span class=\"_ _5\"></span>ticolare, per gli avviamenti, <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>test <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _d\"> </span>stato <span class=\"_ _d\"> </span>condotto <span class=\"_ _f\"> </span>sui <span class=\"_ _d\"> </span>gruppi <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>Cgu <span class=\"_ _e\"> </span>che <span class=\"_ _f\"> </span>beneficiano <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>inergie <span class=\"_ _e\"> </span>derivanti <span class=\"_ _d\"> </span>dall\u2019operazione <span class=\"_ _d\"> </span>di acquisizione <span class=\"_ _5\"></span>cui <span class=\"_ _7\"></span>l\u2019avviamento <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>riferisce, <span class=\"_ _7\"></span>tenendo <span class=\"_ _5\"></span>conto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>eventuali <span class=\"_ _5\"></span>successive <span class=\"_ _7\"></span>modifiche <span class=\"_ _5\"></span>nella <span class=\"_ _7\"></span>composizione <span class=\"_ _5\"></span>delle Cgu <span class=\"_ _7\"></span>stesse. <span class=\"_ _6\"></span>Tali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>gruppi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Cgu <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>mpi <span class=\"_ _7\"></span>rispetto <span class=\"_ _7\"></span>ai <span class=\"_ _6\"></span>settori <span class=\"_ _7\"></span>operativi <span class=\"_ _7\"></span>riportati <span class=\"_ _7\"></span>nella <span class=\"_ _7\"></span>sezione <span class=\"_ _6\"></span>corrisp<span class=\"_ _3\"></span>ondente del paragrafo 2.02.1<span class=\"_ _3\"></span>0 \u201cAltre informazioni\u201d.<span class=\"ff1\"> </span>Nell\u2019effettuare <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>est <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>impairm<span class=\"_ _3\"></span>ent <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>risultato <span class=\"_ _7\"></span>sufficiente <span class=\"_ _7\"></span>determinare <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>d\u2019uso <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>Cgu, <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>gruppi <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Cgu, sottoposti a verifica, <span class=\"_ _3\"></span>non rendendosi quindi<span class=\"_ _3\"></span> necessario determin<span class=\"_ _3\"></span>arne il fair value degli <span class=\"_ _3\"></span>asset oggetto di v<span class=\"_ _3\"></span>alutazione.<span class=\"_ _7\"></span> Con <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>eterminazion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>cassa <span class=\"_ _7\"></span>operativi<span class=\"ls16\">, <span class=\"_ _6\"></span></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>posto <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>atto <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>processo <span class=\"_ _7\"></span>strutturato relativo  alla<span class=\"_ _3\"></span>  predispo<span class=\"_ _3\"></span>sizione  e <span class=\"_ _f\"> </span>revisione  del <span class=\"_ _f\"> </span>piano  industri<span class=\"_ _3\"></span>ale<span class=\"_ _5\"></span>,  il  quale <span class=\"_ _f\"> </span>prevede  che <span class=\"_ _f\"> </span>lo  stesso <span class=\"_ _f\"> </span>venga  elaborato annualmente, <span class=\"_ _5\"></span>in base <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>uno <span class=\"_ _5\"></span>scenario <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>contesto <span class=\"_ _5\"></span>esterno c<span class=\"_ _5\"></span>he considera <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>andamenti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>mercato e <span class=\"_ _7\"></span>la nor<span class=\"_ _5\"></span>mativa dei business <span class=\"_ _7\"></span>regolamentati, <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>supporto <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>tutte <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>unit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>business <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>logica <span class=\"_ _7\"></span>bottom<span class=\"_ _7\"></span>-up. <span class=\"_ _6\"></span>In <span class=\"_ _7\"></span>particolare, <span class=\"_ _7\"></span>nello sviluppo <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>piano <span class=\"_ _d\"> </span>industriale <span class=\"_ _e\"> </span>2024<span class=\"_ _5\"></span>-2028 <span class=\"_ _d\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>implementate <span class=\"_ _e\"> </span>ipotesi <span class=\"_ _d\"> </span>coerenti <span class=\"_ _e\"> </span>con <span class=\"_ _d\"> </span>quelle <span class=\"_ _d\"> </span>utilizzate <span class=\"_ _e\"> </span>nei <span class=\"_ _d\"> </span>piani precedenti <span class=\"_ _4\"> </span>e, <span class=\"_ _10\"> </span>sulla  base <span class=\"_ _10\"> </span>dei <span class=\"_ _4\"> </span>valori <span class=\"_ _10\"> </span>consuntivi,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>sono  state <span class=\"_ _10\"> </span>elaborate  d<span class=\"_ _5\"></span>elle <span class=\"_ _4\"> </span>proiezioni <span class=\"_ _4\"> </span>facendo <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>iferimento,  ove necessario, alle pi<span class=\"_ _3\"></span>\u00f9 autorevoli e aggiornate<span class=\"_ _3\"></span> fonti esterne disponi<span class=\"_ _3\"></span>bili.<span class=\"_ _5\"></span> Lo <span class=\"_ _6\"> </span>sv<span class=\"_ _5\"></span>iluppo <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>ricavi <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>business <span class=\"_ _6\"></span>regolati <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _e\"> </span>elaborato <span class=\"_ _6\"> </span>sulla <span class=\"_ _e\"> </span>base <span class=\"_ _6\"> </span>dell\u2019evoluzione <span class=\"_ _e\"> </span>tariffaria<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>derivante <span class=\"_ _6\"></span>dalla regolazione <span class=\"_ _6\"></span>nazionale <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>/o <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>accordi <span class=\"_ _7\"></span>con <span class=\"_ _6\"> </span>le <span class=\"_ _6\"></span>autorit\u00e0 <span class=\"_ _6\"></span>d\u2019ambito. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuzi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>energy <span class=\"_ _6\"></span>sono stati proiettati in b<span class=\"_ _5\"></span>ase ai princ<span class=\"_ _5\"></span>ipi delle delibere <span class=\"_ _5\"></span>Arera 737/22 (Rtdg) per <span class=\"_ _5\"></span>il gas <span class=\"_ _5\"></span>e 616/23 (Tit), <span class=\"_ _5\"></span>163/23 (Tiross) e 497/23 (declinazione della regolazio<span class=\"_ _3\"></span>ne Ross<span class=\"_ _5\"></span>-base) per la distribuzione elettrica.<span class=\"_ _3\"></span> Si \u00e8 inoltre tenuto conto dei rispettivi tassi di remunerazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>capitale <span class=\"_ _6\"> </span>(<span class=\"_ _5\"></span>Wacc) <span class=\"_ _6\"></span>approvati <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>via <span class=\"_ _e\"> </span>definitiva <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>Arera, <span class=\"_ _e\"> </span>fino <span class=\"_ _6\"></span>all\u2019annualit\u00e0 <span class=\"_ _6\"></span>2025, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>riportato <span class=\"_ _e\"> </span>nel<span class=\"_ _3\"></span> testo <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ntegrato <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>riferiment<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>(Ti<span class=\"_ _3\"></span>wacc <span class=\"_ _7\"></span>2022<span class=\"_ _5\"></span>-2027, <span class=\"_ _6\"></span>Delib<span class=\"_ _3\"></span>era <span class=\"_ _7\"></span>6<span class=\"_ _5\"></span>14/21 <span class=\"_ _7\"></span>s.m.i.); <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>gli <span class=\"_ _7\"></span>anni <span class=\"_ _6\"></span>succ<span class=\"_ _3\"></span>essivi, <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>Wacc <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>stati aggiornati c<span class=\"_ _5\"></span>oerentement<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>metodologia <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>stessa delibera <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>secondo <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>previsioni <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>parametri finanziari <span class=\"_ _5\"></span>e fiscali insite nel pian<span class=\"_ _3\"></span>o industriale approvato<span class=\"_ _3\"></span>.<span class=\"_ _5\"></span> I <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>energy <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>tutela <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>relativi <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ultima <span class=\"_ _6\"></span>istanza <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>stimati <span class=\"_ _7\"></span>su<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dei rispettivi <span class=\"_ _7\"></span>testi <span class=\"_ _7\"></span>regolatori <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>riferimento, <span class=\"_ _7\"></span>ossia <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>TIV <span class=\"_ _7\"></span>(delibere <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>08/22 <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>491/2<span class=\"_ _3\"></span>0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>s.m.i) <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Tivg<span class=\"_ _7\"></span><span class=\"ff1\"> </span>(approvato <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>delibera <span class=\"_ _6\"></span>Arg/Gas/64/09 <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>s.m.i.) <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as; <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>deriv<span class=\"_ _3\"></span>anti <span class=\"_ _6\"></span>dall\u2019agg<span class=\"_ _3\"></span>iudicazione <span class=\"_ _6\"></span>dei <span class=\"_ _d\"> </span><span class=\"ff1\">servizi <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tutel<span class=\"_ _3\"></span>e </span>graduali per i clienti elettrici sono stati <span class=\"_ _5\"></span>stimati sulla base della <span class=\"_ _5\"></span>delibera <span class=\"_ _5\"></span>362/23, mentre il superamento della tutela per i clienti gas \u00e8 stato sviluppat<span class=\"_ _3\"></span>o coerentemente alla delibera 100/2<span class=\"_ _3\"></span>023. Per <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>ciclo <span class=\"_ _6\"></span>idrico <span class=\"_ _6\"></span>integrato <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>previsti <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>ipotesi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>volumi <span class=\"_ _6\"></span>distribuiti<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>costanti, <span class=\"_ _6\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>tariffe derivanti <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>agli <span class=\"_ _6\"> </span>accordi <span class=\"_ _e\"> </span>sottoscritti <span class=\"_ _e\"> </span>con <span class=\"_ _e\"> </span>Atersir, <span class=\"_ _6\"></span>oltre <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>dall\u2019applicazione <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>nuovo <span class=\"_ _e\"> </span>Metodo <span class=\"_ _6\"> </span>t<span class=\"_ _5\"></span>ariffario <span class=\"_ _e\"> </span>idrico <span class=\"_ _6\"> </span>(Mti<span class=\"_ _6\"></span><span class=\"ff1\">-4)<span class=\"_ _3\"></span> </span>aggiornato <span class=\"_ _5\"></span>dalla <span class=\"_ _7\"></span>delibera <span class=\"_ _7\"></span>Arera <span class=\"_ _7\"></span>639/23, <span class=\"_ _7\"></span>tenuto <span class=\"_ _7\"></span>conto, <span class=\"_ _7\"></span>tra <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>al<span class=\"_ _5\"></span>tri, <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>parametri <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>copertura <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>oneri finanziari <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>fiscali. <span class=\"_ _7\"></span>Per <span class=\"_ _6\"></span>l\u2019ig<span class=\"_ _3\"></span>iene <span class=\"_ _7\"></span>urbana <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>ricavi <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tati <span class=\"_ _7\"></span>stimati <span class=\"_ _6\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>contratti <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ervizio <span class=\"_ _7\"></span>sottoscritti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l<span class=\"_ _7\"></span><span class=\"ff1 lse\">e </span>concessioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>recente <span class=\"_ _7\"></span>rinnovo <span class=\"_ _5\"></span>(territori <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Bologna, <span class=\"_ _7\"></span>Modena, <span class=\"_ _7\"></span>Ravenna/Cese<span class=\"_ _3\"></span>na), <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>regole <span class=\"_ _7\"></span>derivanti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>alle delibere Arera sul Me<span class=\"_ _5\"></span>todo tariffa<span class=\"_ _3\"></span>rio rifiuti (Mtr<span class=\"_ _5\"></span>-2) e delle ipotesi di nuovo <span class=\"_ _5\"></span>affidamento per il territorio di Rimini (2026) e il Comune di Ferrara (<span class=\"_ _3\"></span>2028). La <span class=\"_ _5\"></span>dinamica dei p<span class=\"_ _5\"></span>rezzi dell\u2019energia elettrica e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>gas venduto <span class=\"_ _5\"></span>e acquistato <span class=\"_ _5\"></span>sul libero <span class=\"_ _5\"></span>mercato \u00e8 <span class=\"_ _5\"></span>stata elaborata <span class=\"_ _5\"></span>sulla base <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>considerazioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>business <span class=\"_ _d\"> </span>coerenti <span class=\"_ _d\"> </span>con <span class=\"_ _f\"> </span>lo <span class=\"_ _d\"> </span>scenario <span class=\"_ _f\"> </span>energetico <span class=\"_ _d\"> </span>pianificato, <span class=\"_ _d\"> </span>tenuto <span class=\"_ _d\"> </span>conto <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>previsioni fornite da un panel di<span class=\"_ _3\"></span> osservatori istituzion<span class=\"_ _3\"></span>ali.<span class=\"_ _5\"></span> Lo <span class=\"_ _6\"></span>sviluppo<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>impiantistico <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>rattamento <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>recupero <span class=\"_ _7\"></span>ambientale <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>coerente <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>previsioni <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>piani d\u2019ambito <span class=\"_ _7\"></span>provinciali <span class=\"_ _5\"></span>nei <span class=\"_ _6\"></span>quali<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>H<span class=\"_ _3\"></span>era <span class=\"_ _7\"></span>opera. <span class=\"_ _7\"></span>La <span class=\"_ _7\"></span>pianificazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>tempi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>realizzazione <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>egli <span class=\"_ _7\"></span>investimenti <span class=\"_ _5\"></span>e del successivo avvio d<span class=\"_ _3\"></span>ei nuovi impianti <span class=\"_ _3\"></span>\u00e8 frutto della miglior stim<span class=\"_ _3\"></span>a delle strutture tecnic<span class=\"_ _3\"></span>he preposte.<span class=\"_ _5\"></span> L\u2019evoluzione <span class=\"_ _7\"></span>inerziale <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>costi <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Grupp<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>arco <span class=\"_ _7\"></span>piano <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>stata <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>viluppata <span class=\"_ _7\"></span>formulando <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rospettich<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>basate<span class=\"_ _3\"></span> sull\u2019insieme delle informazio<span class=\"_ _3\"></span>ni disponibili. Per ci\u00f2 che attiene il personale <span class=\"_ _3\"></span>e il costo del lavoro, sono state considerate le indicazioni conten<span class=\"_ _3\"></span>ute nei diversi contr<span class=\"_ _3\"></span>atti di lavoro.<span class=\"_ _5\"></span> Il <span class=\"_ _5\"></span>primo <span class=\"_ _5\"></span>anno <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>rappresenta <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>l\u2019individ<span class=\"_ _3\"></span>uazione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>econo<span class=\"_ _5\"></span>mici, fi<span class=\"_ _5\"></span>nanziari e <span class=\"_ _7\"></span>di gestione <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>confluiscono <span class=\"_ _d\"> </span>nel <span class=\"_ _f\"> </span>budget <span class=\"_ _d\"> </span>annuale, <span class=\"_ _d\"> </span>elemento <span class=\"_ _d\"> </span>guida <span class=\"_ _d\"> </span>opera<span class=\"_ _5\"></span>tivo <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>ra<span class=\"_ _5\"></span>ggiungiment<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>egli <span class=\"_ _d\"> </span>obiettivi <span class=\"_ _d\"> </span>di crescita del Gruppo.<span class=\"_ _75\"> </span>I <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cassa <span class=\"_ _6\"></span>ge<span class=\"_ _3\"></span>nerati <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>stati <span class=\"_ _7\"></span>quindi <span class=\"_ _7\"></span>determinati <span class=\"_ _7\"></span>utilizzando <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ome <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>dati <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>2025<span class=\"_ _7\"></span>-2028. <span class=\"_ _7\"></span>In particolare, si <span class=\"_ _5\"></span>\u00e8 considerato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>margine operativo netto, cui <span class=\"_ _5\"></span>sono s<span class=\"_ _5\"></span>tate detratte <span class=\"_ _5\"></span>le imposte, <span class=\"_ _5\"></span>sommati gli ammorta<span class=\"_ _5\"></span>menti<span class=\"_ _3\"></span> e gli accantonamenti<span class=\"_ _3\"></span> e detratti gli investiment<span class=\"_ _3\"></span>i di mantenimento p<span class=\"_ _3\"></span>revisti per ciascun anno <span class=\"_ _3\"></span>di piano.<span class=\"_ _7\"></span> Successivamente  all\u2019ultimo <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span>nno <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>p<span class=\"_ _5\"></span>iano  s<span class=\"_ _5\"></span>ono  s<span class=\"_ _5\"></span>tati <span class=\"_ _4\"> </span>considerati <span class=\"_ _4\"> </span>flussi <span class=\"_ _10\"> </span>di  cassa <span class=\"_ _10\"> </span>norm<span class=\"_ _3\"></span>alizzati <span class=\"_ _10\"> </span>(Free<span class=\"_ _3\"></span> <span class=\"_ _4\"> </span>cash <span class=\"_ _10\"> </span>flow<span class=\"_ _3\"></span> normalizzato) pari <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>valore de<span class=\"_ _5\"></span>l margine <span class=\"_ _5\"></span>operativo netto <span class=\"_ _5\"></span>dell\u2019ultimo <span class=\"_ _5\"></span>anno di <span class=\"_ _5\"></span>piano, <span class=\"_ _5\"></span>nell\u2019ipotesi di <span class=\"_ _5\"></span>mantenere un<span class=\"_ _5\"></span> valore di ammortamenti e acca<span class=\"_ _3\"></span>ntonamenti pari a quell<span class=\"_ _3\"></span>o degli investime<span class=\"_ _3\"></span>nti. Nel caso in cui il pi<span class=\"_ _3\"></span>ano, a causa del suo <span class=\"_ _3\"></span>orizzonte temporale <span class=\"_ _1d\"> </span>di <span class=\"_ _1d\"> </span>medio <span class=\"_ _1d\"> </span>termine, <span class=\"_ _1d\"> </span>non <span class=\"_ _1d\"> </span>tenga<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>in <span class=\"_ _1d\"> </span>considerazione <span class=\"_ _1d\"> </span>la <span class=\"_ _1d\"> </span>previsione <span class=\"_ _1d\"> </span>di <span class=\"_ _1d\"> </span>eventi <span class=\"_ _1d\"> </span>futuri <span class=\"_ _2\"> </span>che <span class=\"_ _1d\"> </span>i<span class=\"_ _5\"></span>nfluenza<span class=\"_ _3\"></span>no significativamente <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>flussi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>cassa <span class=\"_ _e\"></span>prospettici, <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"> </span>considerati <span class=\"_ _e\"></span>degli <span class=\"_ _e\"> </span>aggiustamenti <span class=\"_ _e\"> </span>al <span class=\"_ _d\"> </span>fine <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>poter <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ecepire anche gli effetti di <span class=\"_ _5\"></span>tali eventi. I flussi di cassa <span class=\"_ _5\"></span>sono stati calcolati applicando al Free cash flow normalizzato il tasso d<span class=\"_ _6\"></span><span class=\"ls41\">i </span>crescita <span class=\"_ _5\"></span>(g) <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>orizzonte <span class=\"_ _5\"></span>temporale <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>medio-<span class=\"ff5\">lungo <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>ermine <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>tener <span class=\"_ _5\"></span>conto <span class=\"_ _7\"></span>dell\u2019inflazione <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>(pari <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>%), <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il </span>periodo dal 2029 <span class=\"_ _5\"></span>al 2044 (quindi co<span class=\"_ _5\"></span>mplessi<span class=\"_ _3\"></span>vamente 20 a<span class=\"_ _5\"></span>nni). Per i <span class=\"_ _5\"></span>servizi regolamentati, tali flussi sono <span class=\"_ _5\"></span>resi coerenti con le ipotesi di m<span class=\"_ _3\"></span>antenimento della quota <span class=\"_ _3\"></span>di mercato dopo l\u2019espl<span class=\"_ _3\"></span>etamento delle gare previs<span class=\"_ _3\"></span>te.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>A <span class=\"_ _7\"></span>tali <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>lussi <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>aggiunge <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>attuale <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _5\"></span>rendita <span class=\"_ _7\"></span>perpetua <span class=\"_ _7\"></span>calcolata <span class=\"_ _7\"></span>considerando <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>flusso <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cassa <span class=\"_ _7\"></span>derivante dall\u2019applicazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>criterio <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>rendi<span class=\"_ _3\"></span>ta <span class=\"_ _6\"></span>perpetua <span class=\"_ _6\"></span>rife<span class=\"_ _3\"></span>rita <span class=\"_ _6\"></span>all\u2019ultimo <span class=\"_ _7\"></span>anno <span class=\"_ _6\"></span>(2044), <span class=\"_ _6\"></span>assume<span class=\"_ _3\"></span>ndo <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>fattore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>rescita<span class=\"_ _3\"></span> pari <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>sola <span class=\"_ _7\"></span>inflazione <span class=\"_ _5\"></span>attesa <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>2%, <span class=\"_ _7\"></span>sia <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>libero <span class=\"_ _5\"></span>me<span class=\"_ _5\"></span>rcato, <span class=\"_ _5\"></span>sia <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>egolamentati,<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _5\"></span>\u00e8 previsto <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>mantenimen<span class=\"_ _3\"></span>to <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>quote di <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>concessione <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>100% <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>gare <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>territori serviti. Per <span class=\"_ _5\"></span>l\u2019attualizzazione dei <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa u<span class=\"_ _5\"></span>nlevered \u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>utilizzato <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>il costo <span class=\"_ _5\"></span>medio <span class=\"_ _5\"></span>ponderato <span class=\"_ _5\"></span>del c<span class=\"_ _5\"></span>apitale (Weighted average cost <span class=\"_ _3\"></span>of capital - Wacc), rappresentativo del<span class=\"_ _3\"></span> rendimento atteso dai<span class=\"_ _3\"></span> finanziatori della so<span class=\"_ _3\"></span>ciet\u00e0 e dagli azionisti <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>l\u2019impiego <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>propri <span class=\"_ _f\"> </span>capitali, <span class=\"_ _d\"> </span>rettificato <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>rischio <span class=\"_ _f\"> </span>Paese <span class=\"_ _d\"> </span>specifico <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>trova <span class=\"_ _d\"> </span>l\u2019asset <span class=\"_ _f\"> </span>oggetto <span class=\"_ _f\"> </span>di valutazione. La <span class=\"_ _5\"></span>valorizzazione del <span class=\"_ _5\"></span>rischio Paese specifico <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>includere nel <span class=\"_ _5\"></span>tasso di <span class=\"_ _5\"></span>sconto \u00e8<span class=\"_ _5\"></span> definita s<span class=\"_ _5\"></span>ulla base <span class=\"_ _5\"></span>delle informazioni <span class=\"_ _8\"> </span>fornite <span class=\"_ _8\"> </span>da <span class=\"_ _8\"> </span>provider <span class=\"_ _8\"> </span>esterni.<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>Avendo <span class=\"_ _8\"> </span>il <span class=\"_ _8\"> </span>Gruppo <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>portafoglio <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>business <span class=\"_ _8\"> </span>diversific<span class=\"_ _3\"></span>ato, <span class=\"_ _8\"> </span>con <span class=\"_ _8\"> </span>un bilanciamento <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>regolate <span class=\"_ _e\"> </span>e <span class=\"_ _f\"> </span>attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>libero <span class=\"_ _d\"> </span>mercato <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>rendono <span class=\"_ _d\"> </span>meno <span class=\"_ _e\"> </span>esposto <span class=\"_ _d\"> </span>agli <span class=\"_ _d\"> </span>andamenti <span class=\"_ _e\"> </span>ciclici dell\u2019economia, <span class=\"_ _6\"></span>viene <span class=\"_ _e\"> </span>utilizzato <span class=\"_ _6\"></span>un<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>approccio <span class=\"_ _e\"> </span>metodologico <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span>prevede <span class=\"_ _e\"> </span>un\u2019osservazione <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>dodici <span class=\"_ _e\"> </span>mesi <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>ll\u2019ultimo<span class=\"_ _3\"></span> esercizio con riferim<span class=\"_ _3\"></span>ento alle principali v<span class=\"_ _3\"></span>ariabili alla base del cal<span class=\"_ _3\"></span>colo del Wacc.<span class=\"_ _5\"></span> Nello specifico, i tas<span class=\"_ _3\"></span>si utilizzati ai fini dell<span class=\"_ _3\"></span>e valutazioni consuntive<span class=\"_ _3\"></span> sono i seguenti:<span class=\"_ _5\"></span> 2024 2023 Wacc Gas <span class=\"ffb\">\u2013</span> Energi<span class=\"_ _3\"></span>a Elettrica <span class=\"ffb\">\u2013</span> Ciclo Idric<span class=\"_ _3\"></span>o <span class=\"ffb\">\u2013</span> Altri Servizi 5,04% 5,38% Wacc Ambiente 5,68% 6,24% Gli <span class=\"_ _7\"></span>esiti <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>test <span class=\"_ _7\"></span><span class=\"ff5\">s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>risultati <span class=\"_ _7\"></span>positivi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>tutte <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>Cgu, <span class=\"_ _7\"></span>emergendo <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>d\u2019uso <span class=\"_ _7\"></span>superiore <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>d\u2019iscrizione <span class=\"_ _5\"></span>a </span>bilancio. Tutto ci\u00f2 premesso, son<span class=\"_ _3\"></span>o stati ipotizzati due <span class=\"_ _3\"></span>scenari di sensitivity: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">una <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rima <span class=\"_ _7\"></span>analisi <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>focalizzata <span class=\"_ _7\"></span>sulla <span class=\"_ _6\"></span>margi<span class=\"_ _3\"></span>nalit\u00e0 <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>singoli <span class=\"_ _7\"></span>business, <span class=\"_ _7\"></span>ipotizzandone <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>decremento <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>5%, </span></span>con conseguente rid<span class=\"_ _3\"></span>uzione dei flussi di cassa s<span class=\"_ _3\"></span>viluppati negli an<span class=\"_ _3\"></span>ni di piano e seguenti; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">una seconda analisi <span class=\"_ _3\"></span>ha ipotizzato di attu<span class=\"_ _3\"></span>alizzare tutti i flussi di <span class=\"_ _3\"></span>cassa utilizzando wacc incr<span class=\"_ _3\"></span>ementati di 25 bps.<span class=\"_ _75\"> </span></span></span>In  entrambi <span class=\"_ _4\"> </span>gli  scenari,  i<span class=\"_ _5\"></span>  valori  ottenuti  s<span class=\"_ _5\"></span>ono  superiori  a  quelli <span class=\"_ _4\"> </span>presenti  a <span class=\"_ _4\"> </span>bilancio,  pertanto  le<span class=\"_ _5\"></span>  analisi  hanno ulteriormente conferm<span class=\"_ _3\"></span>ato i valori di iscrizio<span class=\"_ _3\"></span>ne.<span class=\"_ _5\"></span> Valutazioni inerenti sc<span class=\"_ _3\"></span>enari da cambiamento clim<span class=\"_ _3\"></span>atico e sensitivity con<span class=\"_ _3\"></span>seguenti<span class=\"_ _5\"></span> L\u2019elettrificazione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>consumi <span class=\"_ _7\"></span>costituisce <span class=\"_ _5\"></span>uno <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>pi\u00f9 <span class=\"_ _5\"></span>rilevanti <span class=\"_ _7\"></span>rischi/opportunit\u00e0 cor<span class=\"_ _5\"></span>relati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>ca<span class=\"_ _5\"></span>mbiament<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>cl<span class=\"_ _5\"></span>imatico. <span class=\"_ _5\"></span>Il conseguimento della <span class=\"_ _7\"></span>mitigazione dei <span class=\"_ _5\"></span>cambiamenti <span class=\"_ _5\"></span>climatici, d<span class=\"_ _5\"></span>efinito attraverso <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>riduzione d<span class=\"_ _5\"></span>elle <span class=\"_ _5\"></span>emissioni a livello europeo e <span class=\"_ _5\"></span>declinati su <span class=\"_ _5\"></span>base nazionale con <span class=\"_ _5\"></span>i relativi piani d<span class=\"_ _5\"></span>i attuazione, richiede i<span class=\"_ _5\"></span>niziative<span class=\"_ _3\"></span> v<span class=\"_ _5\"></span>olte a modificare <span class=\"_ _5\"></span>sia le tecnologie adott<span class=\"_ _3\"></span>ate per il soddisfaciment<span class=\"_ _3\"></span>o dei fabbisogni energ<span class=\"_ _3\"></span>etici che misure di efficie<span class=\"_ _3\"></span>ntamento degli stes<span class=\"_ _3\"></span>si. <span class=\"_ _7\"></span> Il <span class=\"_ _f\"> </span>Gruppo  H<span class=\"_ _1\"></span>e<span class=\"_ _5\"></span>ra <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>pertanto <span class=\"_ _f\"> </span>avviato <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _f\"> </span>analisi <span class=\"_ _f\"> </span>specifiche <span class=\"_ _d\"> </span>volte  a<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>identificare <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>possibili <span class=\"_ _f\"> </span>impatti <span class=\"_ _f\"> </span>dello <span class=\"_ _f\"> </span>scenario transizionale <span class=\"_ _7\"></span>sull\u2019evoluzione <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>onsumi <span class=\"_ _7\"></span>energetici <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>clienti <span class=\"_ _7\"></span>finali, <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>aree<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>business <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>propria elezione, su un orizz<span class=\"_ _3\"></span>onte temporale che tr<span class=\"_ _3\"></span>aguarda il 2050.  Le a<span class=\"_ _5\"></span>nalisi hanno <span class=\"_ _5\"></span>tenuto conto <span class=\"_ _5\"></span>dei d<span class=\"_ _5\"></span>river esogeni, <span class=\"_ _5\"></span>quali le <span class=\"_ _5\"></span>politiche n<span class=\"_ _5\"></span>azionali ed e<span class=\"_ _5\"></span>uropee sul <span class=\"_ _5\"></span>tema <span class=\"_ _5\"></span>e le<span class=\"_ _5\"></span> preferenze <span class=\"_ _5\"></span>dei consumatori, <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>fattori <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>cambiamento <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>delle <span class=\"_ _10\"> </span>tecnologie <span class=\"_ _10\"> </span>abilitanti <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>orrelate. <span class=\"_ _10\"> </span>I <span class=\"_ _10\"> </span>risultati <span class=\"_ _10\"> </span>hanno <span class=\"_ _10\"> </span>permesso <span class=\"_ _4\"> </span>di dimensionare <span class=\"_ _6\"></span>l\u2019imp<span class=\"_ _3\"></span>atto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>lo <span class=\"_ _7\"></span>scenario <span class=\"_ _6\"></span>transizionale <span class=\"_ _7\"></span>potrebbe <span class=\"_ _6\"></span>avere <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ull\u2019evoluzio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>consumi <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>elettrici <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>n funzione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>principali <span class=\"_ _f\"> </span>determinanti  q<span class=\"_ _3\"></span>uali <span class=\"_ _f\"> </span>efficienza <span class=\"_ _f\"> </span>energetica,  mi<span class=\"_ _3\"></span>x <span class=\"_ _f\"> </span>tecnologico, <span class=\"_ _f\"> </span>mobilit\u00e0 <span class=\"_ _f\"> </span>e  autocons<span class=\"_ _3\"></span>umo. <span class=\"_ _f\"> </span>Tali analisi <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>confermato, <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>particolare, <span class=\"_ _6\"></span>l\u2019aspettativa <span class=\"_ _6\"></span>diffusa <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>assistere <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>futuro <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _e\"> </span>crescita <span class=\"_ _6\"></span>dei <span class=\"_ _6\"> </span>consumi <span class=\"_ _6\"> </span>di energia elettrica e cont<span class=\"_ _3\"></span>emporaneamente a<span class=\"_ _3\"></span> una riduzione dei c<span class=\"_ _3\"></span>onsumi gas.<span class=\"_ _75\"> </span>Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>gestiti <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>condotte <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>necessariamente <span class=\"_ _6\"></span>tenuto <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>della diversa natura dell\u2019at<span class=\"_ _3\"></span>tivit\u00e0 regolata di distribu<span class=\"_ _3\"></span>zione e dell\u2019attivit\u00e0<span class=\"_ _3\"></span> di vendita a libero merc<span class=\"_ _3\"></span>ato.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>Relativamente <span class=\"_ _8\"> </span>all\u2019attivit\u00e0 <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>distribuzione <span class=\"_ _8\"> </span>gas, <span class=\"_ _8\"> </span>va <span class=\"_ _8\"> </span>anzitutto <span class=\"_ _8\"> </span>ricordato <span class=\"_ _8\"> </span>che <span class=\"_ _2\"> </span>le <span class=\"_ _8\"> </span>attivit\u00e0 <span class=\"_ _8\"> </span>manutentive <span class=\"_ _8\"> </span>ordinarie <span class=\"_ _8\"> </span>e straordinarie, <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>prevista <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>remunerazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>tariffaria, <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrelate <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>fisicit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>degli <span class=\"_ _7\"></span>asset <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>volumi <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> gas <span class=\"_ _6\"></span>distribuito. <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>rinnovo, <span class=\"_ _6\"></span>infat<span class=\"_ _3\"></span>ti, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>poste <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>risoluzione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>criticit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"></span>tramite interventi <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>evento, <span class=\"_ _7\"></span>conseguenti <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span><span class=\"ff5\">esempio <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>dispersione<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>rottura <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>rete <span class=\"_ _7\"></span>o <span class=\"_ _6\"></span>dell\u2019impi<span class=\"_ _3\"></span>anto, <span class=\"_ _7\"></span>oppure <span class=\"_ _6\"></span>tramite<span class=\"_ _3\"></span> </span>interventi programm<span class=\"_ _3\"></span>ati per rispetto dei dettami <span class=\"_ _3\"></span>della normativa te<span class=\"_ _3\"></span>cnica e regolatoria.<span class=\"_ _5\"></span> Il <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>transizionale <span class=\"_ _6\"></span>relativo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>ca<span class=\"_ _5\"></span>mbiament<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>climatico <span class=\"_ _6\"></span>appare <span class=\"_ _6\"></span>dunque <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>dipendente <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>decisioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>natura strettamente <span class=\"_ _e\"></span>regolatoria <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>dai <span class=\"_ _e\"> </span>futuri <span class=\"_ _e\"></span>sviluppi <span class=\"_ _e\"></span>sistemici <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>rete <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distribuzione <span class=\"_ _6\"></span>del <span class=\"_ _d\"> </span>gas. <span class=\"_ _e\"></span>Una <span class=\"_ _e\"></span>prospettiva <span class=\"_ _6\"></span>ritenuta probabile <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>quella<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>potrebbe <span class=\"_ _6\"></span>prevedere <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odifica <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>driver <span class=\"_ _6\"></span>generanti <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>fabbis<span class=\"_ _3\"></span>ogno <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sviluppo della <span class=\"_ _5\"></span>rete <span class=\"_ _5\"></span>gas, <span class=\"_ _5\"></span>passando dalla <span class=\"_ _5\"></span>necessit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>soddisfare <span class=\"_ _5\"></span>esigenze di <span class=\"_ _5\"></span>consumo <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>necessit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>soddisfare esigenze <span class=\"_ _5\"></span>di immissione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>biometano <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>general<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>green <span class=\"_ _7\"></span>gas <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>possano <span class=\"_ _5\"></span>abilitare <span class=\"_ _5\"></span>sistemi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>produzione <span class=\"_ _5\"></span>energetica <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>fonti rinnovabili. Anche <span class=\"_ _6\"></span>Arera,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>sotto <span class=\"_ _6\"></span>qu<span class=\"_ _3\"></span>esto <span class=\"_ _6\"></span>punto <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>vista, <span class=\"_ _7\"></span>ha <span class=\"_ _6\"></span>mostrato <span class=\"_ _6\"></span>intere<span class=\"_ _3\"></span>sse <span class=\"_ _6\"></span>ad <span class=\"_ _7\"></span>approfondire <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>tematiche <span class=\"_ _6\"></span>legate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>gli <span class=\"_ _7\"></span>eventuali costi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>transizione <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>potrebbero <span class=\"_ _6\"></span>emerg<span class=\"_ _3\"></span>ere <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>momento <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>vi <span class=\"_ _6\"></span>sar\u00e0 <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>contrazione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>consu<span class=\"_ _5\"></span>mi <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>quindi <span class=\"_ _7\"></span>un declino <span class=\"_ _e\"> </span>nell\u2019utilizzo<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>tale <span class=\"_ _e\"> </span>vettore <span class=\"_ _e\"> </span>energetico. <span class=\"_ _e\"> </span>Dal <span class=\"_ _e\"> </span>Quadro <span class=\"_ _e\"> </span>Strategico <span class=\"_ _e\"> </span>2022<span class=\"_ _5\"></span><span class=\"ff1\">-<span class=\"lse\">20</span>25 <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>merge <span class=\"_ _6\"></span>la <span class=\"_ _e\"></span>consapevolezza <span class=\"_ _e\"></span>della </span>necessit\u00e0 <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>riflettere <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uali <span class=\"_ _6\"></span>pos<span class=\"_ _3\"></span>sano <span class=\"_ _6\"></span>essere <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>opportuni <span class=\"_ _7\"></span>strumenti, <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>regolatori, <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>favorire <span class=\"_ _6\"></span>la<span class=\"_ _3\"></span> realizzazione  degli  inv<span class=\"_ _3\"></span>estimenti  di  effettiva  utilit\u00e0<span class=\"_ _3\"></span>  per  il  sistema,  nel  rispetto  di  cri<span class=\"_ _3\"></span>teri  efficienza  e  sosteni<span class=\"_ _3\"></span>bilit\u00e0 economica. Allo <span class=\"_ _d\"> </span>stato <span class=\"_ _f\"> </span>attuale, <span class=\"_ _d\"> </span>l\u2019Ente <span class=\"_ _d\"> </span><span class=\"ff1\">r<span class=\"_ _5\"></span>egolatore <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>ha <span class=\"_ _f\"> </span>per\u00f2 <span class=\"_ _d\"> </span>emanato <span class=\"_ _d\"> </span>alcun <span class=\"_ _d\"> </span>provvedimento <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>itenendo <span class=\"_ _e\"> </span>di <span class=\"_ _f\"> </span>procedere <span class=\"_ _e\"> </span>in <span class=\"_ _f\"> </span>piena </span>continuit\u00e0 <span class=\"_ _6\"></span>con <span class=\"_ _e\"></span>gli <span class=\"_ _6\"></span>attuali <span class=\"_ _6\"></span>criteri <span class=\"_ _6\"></span>regolatori. <span class=\"_ _e\"></span>Pertanto, <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>queste <span class=\"_ _6\"></span>considerazioni, <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>ritiene <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>non siano <span class=\"_ _6\"></span>riscontrabili <span class=\"_ _6\"></span>nell\u2019attuale <span class=\"_ _6\"></span>quadro <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>elementi <span class=\"_ _6\"></span>tali <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>poter <span class=\"_ _6\"> </span>presuppore <span class=\"_ _6\"> </span>una <span class=\"_ _6\"> </span>severa <span class=\"_ _e\"> </span>discontinuit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _6\"> </span>del sistema <span class=\"_ _5\"></span>senza <span class=\"_ _7\"></span>meccanismi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>tutela <span class=\"_ _7\"></span>dell\u2019equilibrio <span class=\"_ _5\"></span>finanziario <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>gestiscono <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>servizio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>distribuzione gas. La <span class=\"_ _6\"></span>distribuzione <span class=\"_ _6\"></span>elettrica, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>contr<span class=\"_ _3\"></span>o, <span class=\"_ _6\"></span>sar\u00e0 <span class=\"_ _6\"></span>un\u2019attivit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>impatto <span class=\"_ _6\"></span>sempre <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _6\"></span>crescente <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>ret<span class=\"_ _3\"></span>e <span class=\"_ _6\"> </span>energetica <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>via dell\u2019elettrificazione<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>dei <span class=\"_ _6\"></span>consumi. <span class=\"_ _6\"></span>Ci\u00f2 <span class=\"_ _6\"> </span>potr\u00e0 <span class=\"_ _e\"> </span>rappresentare <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tutti <span class=\"_ _6\"> </span>gli <span class=\"_ _e\"> </span>effetti <span class=\"_ _6\"> </span>un\u2019opportunit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>sviluppo <span class=\"_ _e\"> </span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"> </span>Gruppo, specie nello scenario i<span class=\"_ _3\"></span>n cui saranno messe a<span class=\"_ _3\"></span> gara le attuali conc<span class=\"_ _3\"></span>essioni.<span class=\"_ _5\"></span> Relativamente <span class=\"_ _7\"></span>all\u2019attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>vendita, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>odellizzato <span class=\"_ _7\"></span>uno <span class=\"_ _7\"></span>scenario <span class=\"_ _6\"></span>oltre <span class=\"_ _7\"></span>l\u2019orizzonte <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>piano <span class=\"_ _6\"></span>che, <span class=\"_ _7\"></span>tenendo <span class=\"_ _7\"></span>conto dei  rischi <span class=\"_ _4\"> </span>transizionali,  proietta <span class=\"_ _4\"> </span>consumi <span class=\"_ _4\"> </span>dei <span class=\"_ _4\"> </span>clienti  p<span class=\"_ _5\"></span>er  servizio  e <span class=\"_ _4\"> </span>tipologia <span class=\"_ _4\"> </span>d\u2019uso <span class=\"_ _4\"> </span>fino <span class=\"_ _4\"> </span>al <span class=\"_ _4\"> </span>2050. <span class=\"_ _4\"> </span>In <span class=\"_ _4\"> </span>particolare, considerando <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>vari <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>dinamiche <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>efficientament<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>transizione <span class=\"_ _6\"></span>energetica, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>calcolati <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>volumi medi <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>cluster <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>clientela <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>stati <span class=\"_ _7\"></span>applicati <span class=\"_ _7\"></span>tassi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>crescita/decrescita <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>empo. <span class=\"_ _5\"></span>Per <span class=\"_ _7\"></span>fornire <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>stima <span class=\"_ _7\"></span>della marginalit\u00e0 <span class=\"_ _6\"></span>complessiva, <span class=\"_ _6\"> </span>s<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>operato <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>step <span class=\"_ _e\"> </span>intermedi, <span class=\"_ _6\"></span>stimando <span class=\"_ _6\"> </span>l\u2019evoluzione <span class=\"_ _6\"> </span>della <span class=\"_ _e\"> </span>customer <span class=\"_ _6\"> </span>base <span class=\"_ _e\"> </span>in <span class=\"_ _6\"> </span>termini <span class=\"_ _e\"> </span>di punti di fornitura, a cui \u00e8 stato attribuito un volume medi<span class=\"_ _3\"></span>o per segmento corretto nel tempo per considerare gli imp<span class=\"_ _3\"></span>atti della <span class=\"_ _5\"></span>transizione energetica. <span class=\"_ _5\"></span>Nell\u2019ipotesi di <span class=\"_ _5\"></span>mantenere c<span class=\"_ _5\"></span>ostanti nel <span class=\"_ _5\"></span>tempo <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>marginalit\u00e0 ipotizzate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>industriale<span class=\"_ _1\"></span> su ogni servizio/segmento, \u00e8 stata stimata nel periodo<span class=\"_ _3\"></span> 2029<span class=\"_ _5\"></span>-<span class=\"ff5\">2050 una crescita della marginalit\u00e0 dell\u2019energia elettrica,<span class=\"_ _3\"></span> </span>associata a una ridu<span class=\"_ _3\"></span>zione, di entit\u00e0 inferi<span class=\"_ _3\"></span>ore, della marginalit\u00e0 del<span class=\"_ _3\"></span> gas.<span class=\"_ _5\"></span> Al <span class=\"_ _7\"></span>fine <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>volgere <span class=\"_ _5\"></span>un\u2019analisi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>sensitivity <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>relazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>test <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>impairment, <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>proiezioni <span class=\"_ _7\"></span>relative <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>vendita <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>gas naturale sono state incorp<span class=\"_ _3\"></span>orate nei modelli valutativi, <span class=\"_ _3\"></span>sia rettificando i flussi di cassa annual<span class=\"_ _3\"></span>i fino al 2050 (in base alle<span class=\"_ _7\"></span> ipotesi precedentemente esposte) <span class=\"_ _5\"></span>di mediamente 5<span class=\"_ _5\"></span> milioni <span class=\"_ _5\"></span>di euro, <span class=\"_ _5\"></span>sia nor<span class=\"_ _5\"></span>malizza<span class=\"_ _3\"></span>ndo <span class=\"_ _5\"></span>il f<span class=\"_ _5\"></span>lusso di cassa <span class=\"_ _5\"></span>utilizzato per il <span class=\"_ _5\"></span>calcolo <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>terminale d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>analogo <span class=\"_ _5\"></span>valore. <span class=\"_ _5\"></span>Anche in <span class=\"_ _7\"></span>tale <span class=\"_ _5\"></span>scenario ipotetico, <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>risultati <span class=\"_ _5\"></span>ottenuti <span class=\"_ _5\"></span>confermano la piena recuperabilit\u00e0 <span class=\"_ _3\"></span>dei valori degli asset is<span class=\"_ _3\"></span>critti a bilancio.<span class=\"_ _75\"> </span>27  Impairment <span class=\"_ _3\"></span>test partecipazi<span class=\"_ _3\"></span>oni Con <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>generazione <span class=\"_ _5\"></span>elettrica, <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>presenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>indicatori <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>impairment <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>continuit\u00e0 <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>gli esercizi  precedenti,  \u00e8  stata  svolta  un<span class=\"_ _3\"></span>a  valutazione  approfondita  del  valore  rec<span class=\"_ _3\"></span>uperabile  delle  partecipazioni  a influenza <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>otevole <span class=\"_ _5\"></span>detenute <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>Gruppo, <span class=\"_ _7\"></span>oltre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>correlate <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>finanziarie, <span class=\"_ _7\"></span>operanti <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>settore. <span class=\"_ _7\"></span>L\u2019analisi <span class=\"_ _7\"></span>\u00e8 stata c<span class=\"_ _5\"></span>ondotta attraverso <span class=\"_ _5\"></span>l\u2019attualizzazione dei <span class=\"_ _5\"></span>flussi di<span class=\"_ _5\"></span> cassa <span class=\"_ _5\"></span>previsti, s<span class=\"_ _5\"></span>viluppati in <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>arco t<span class=\"_ _5\"></span>emporale coerente <span class=\"_ _5\"></span>con la vita utile degli impi<span class=\"_ _3\"></span>anti, per le societ\u00e0 Set S<span class=\"_ _3\"></span>pa e Tamarete Energ<span class=\"_ _3\"></span>ia Srl.<span class=\"_ _5\"></span> L\u2019esercizio 2024 \u00e8 stato caratterizzato da una dinam<span class=\"_ _3\"></span>ica rialzista del prezzo del gas e dell\u2019energia<span class=\"_ _3\"></span> elettrica sui mercati di <span class=\"_ _7\"></span>riferimento, <span class=\"_ _7\"></span>seppur <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>livelli <span class=\"_ _7\"></span>inferiori <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>passato <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>mantengono <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>Clean <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>park <span class=\"_ _7\"></span>spread <span class=\"_ _7\"></span>(Css) <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>aseload <span class=\"_ _5\"></span>negativo. La <span class=\"_ _d\"> </span>t<span class=\"_ _5\"></span>endenza <span class=\"_ _e\"> </span>nel<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>breve<span class=\"_ _5\"></span>-medio <span class=\"_ _d\"> </span>termine <span class=\"_ _d\"> </span>non <span class=\"_ _f\"> </span>mostra <span class=\"_ _d\"> </span>segnali <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>miglioramento <span class=\"_ _e\"> </span>del<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>Css <span class=\"_ _f\"> </span>baseload, <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>crescente penetrazione <span class=\"_ _e\"> </span>delle <span class=\"_ _f\"> </span>F<span class=\"lse\">er</span> <span class=\"_ _f\"> </span><span class=\"ff5\">e <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>l\u2019ingresso <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>n<span class=\"_ _5\"></span>uova <span class=\"_ _e\"> </span>capacit\u00e0  </span>C<span class=\"_ _3\"></span>ombined <span class=\"_ _d\"> </span>cycle <span class=\"_ _d\"> </span>gas <span class=\"_ _d\"> </span>turbine <span class=\"_ _f\"> </span>(Ccgt) <span class=\"_ _d\"> </span>ad <span class=\"_ _d\"> </span>alta <span class=\"_ _d\"> </span>efficienza incentivata <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>aste <span class=\"_ _7\"></span>Capacity <span class=\"_ _5\"></span>Market <span class=\"_ _7\"></span>con <span class=\"_ _5\"></span>pressione <span class=\"_ _5\"></span>competitiva s<span class=\"_ _5\"></span>ui <span class=\"_ _7\"></span>Ccgt <span class=\"_ _5\"></span>esistenti <span class=\"_ _5\"></span>caratterizzati <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>minore <span class=\"_ _5\"></span>efficienza. Sono <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>iverse <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ause <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>determinato <span class=\"_ _5\"></span>l\u2019andamento <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>mercato <span class=\"_ _5\"></span>dell\u2019energia <span class=\"_ _5\"></span>elettrica <span class=\"_ _7\"></span>negli <span class=\"_ _5\"></span>ultimi <span class=\"_ _7\"></span>anni <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>che possono <span class=\"_ _7\"></span>ricondursi <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>fattori <span class=\"_ _7\"></span>congiunturali,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>sia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>lato <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span>la <span class=\"_ _7\"></span>domanda <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>lato <span class=\"_ _6\"></span>dell\u2019o<span class=\"_ _3\"></span>fferta. <span class=\"_ _7\"></span>I <span class=\"_ _6\"></span>principal<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>fattori <span class=\"_ _6\"></span>che hanno influito sulla di<span class=\"_ _3\"></span>namica dei prezzi sono <span class=\"_ _3\"></span>attribuibili a: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">crescente <span class=\"_ _6\"></span>partecipazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>produzione <span class=\"_ _7\"></span>rinnovabile <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mix <span class=\"_ _6\"></span>produttivo <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>costante <span class=\"_ _6\"></span>aumento <span class=\"_ _6\"></span>delle<span class=\"_ _3\"></span> </span></span>installazioni di impia<span class=\"_ _3\"></span>nti eolici e fotovoltai<span class=\"_ _3\"></span>ci;<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">crescita <span class=\"_ _5\"></span>contenuta del <span class=\"_ _5\"></span>Pil <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>spinta a<span class=\"_ _5\"></span>ll\u2019efficie<span class=\"_ _3\"></span>ntamento d<span class=\"_ _5\"></span>ei consumi <span class=\"_ _5\"></span>(<span class=\"_ _5\"></span>guidato<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>dagli <span class=\"_ _5\"></span>obiettivi delle <span class=\"_ _5\"></span>politiche e<span class=\"_ _5\"></span>uropee </span></span>e nazionali sul clima) c<span class=\"_ _3\"></span>he hanno contribuito a<span class=\"_ _3\"></span> una modesta cres<span class=\"_ _3\"></span>cita della domanda di en<span class=\"_ _3\"></span>ergia;<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">politiche europee e n<span class=\"_ _3\"></span>azionali volte a favorir<span class=\"_ _3\"></span>e la riduzione delle <span class=\"_ _3\"></span>emissioni di CO<span class=\"_ _75\"> </span></span></span>2<span class=\"_ _75\"> </span>. <span class=\"ls0\"> </span>Sulla base degli scenari elaborati, si ritien<span class=\"_ _3\"></span>e che il mercato manterr\u00e0 livelli di Clean spark spread baseload neg<span class=\"_ _3\"></span>ativi, in particolare per un com<span class=\"_ _3\"></span>binato disposto di molteplici effetti, tra cui: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ingresso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>nuova <span class=\"_ _7\"></span>capacit\u00e0 <span class=\"_ _5\"></span>Ccgt <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>levata <span class=\"_ _5\"></span>efficienza, <span class=\"_ _7\"></span>sovvenzionata <span class=\"_ _5\"></span>dal <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>eccanismo <span class=\"_ _5\"></span>del<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Capacity <span class=\"_ _5\"></span>Market <span class=\"_ _7\"></span>che </span></span>sta andando a sostit<span class=\"_ _3\"></span>uire gli impianti a carb<span class=\"_ _3\"></span>one in vista del phase-<span class=\"ff5\">out di quest\u2019ultimo entro il 2<span class=\"_ _3\"></span>030;<span class=\"ff1\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">fine ciclo <span class=\"_ _5\"></span>di vita de<span class=\"_ _5\"></span>gli impianti Ccgt caratterizzati da <span class=\"_ _5\"></span>minore efficienza che, gi\u00e0 da <span class=\"_ _5\"></span>diversi anni, crea c<span class=\"_ _5\"></span>ondizioni di </span></span>mercato <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>avorevoli <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>interventi <span class=\"_ _5\"></span>volti <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>migliorare <span class=\"_ _7\"></span>efficienza <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>flessibilit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>t<span class=\"_ _5\"></span>roveranno <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>adeguato <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>torno sull\u2019investimento <span class=\"_ _6\"> </span>con<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>marginalit\u00e0 <span class=\"_ _e\"> </span>estraibile <span class=\"_ _e\"> </span>dai <span class=\"_ _e\"> </span>mercati <span class=\"_ _e\"> </span>Mgp <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>Msd. <span class=\"_ _e\"> </span>Questi <span class=\"_ _e\"> </span>investimenti <span class=\"_ _e\"> </span>oltre <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>contribuire all\u2019adeguatezza <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>sistema <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>medio<span class=\"_ _5\"></span><span class=\"ff1\">-lungo <span class=\"_ _6\"></span>periodo, <span class=\"_ _6\"></span>risultano <span class=\"_ _6\"></span>necessari <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>garantire <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>adeguato <span class=\"_ _6\"></span>livello <span class=\"_ _6\"></span>di </span>marginalit\u00e0; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">marginalit\u00e0 di consegu<span class=\"_ _3\"></span>enza contenuta sul merc<span class=\"_ _3\"></span>ato Mgp; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ruolo <span class=\"_ _d\"> </span>crescente <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>fonti <span class=\"_ _d\"> </span>rinnovabili, <span class=\"_ _d\"> </span>sostenute <span class=\"_ _d\"> </span>anche <span class=\"_ _d\"> </span>dagli <span class=\"_ _d\"> </span>sfidanti <span class=\"_ _d\"> </span>obiettivi <span class=\"_ _d\"> </span>europei <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ecarbonizz<span class=\"_ _3\"></span>azione, </span></span>nonch\u00e9 dalla necessit\u00e0<span class=\"_ _3\"></span> di ridurre il rischio ge<span class=\"_ _3\"></span>opolitico delle fonti e<span class=\"_ _3\"></span>nergetiche.<span class=\"_ _5\"></span> Ci\u00f2 <span class=\"_ _e\"> </span>premesso, <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>cassa <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>uturi <span class=\"_ _e\"></span>sono <span class=\"_ _d\"> </span>stati <span class=\"_ _e\"> </span>determinati <span class=\"_ _d\"> </span>sulla <span class=\"_ _e\"> </span>base <span class=\"_ _d\"> </span>dello <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>cenario <span class=\"_ _e\"></span>energetico <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>medio<span class=\"_ _6\"></span>-lu<span class=\"_ _3\"></span>ngo termine <span class=\"_ _4\"> </span>ritenuto <span class=\"_ _4\"> </span>pi\u00f9 <span class=\"_ _4\"> </span>probabile  d<span class=\"_ _5\"></span>a  parte <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>el  Gruppo, <span class=\"_ _4\"> </span>formulato <span class=\"_ _4\"> </span>sulla <span class=\"_ _4\"> </span>base <span class=\"_ _10\"> </span>di  ipotesi  e<span class=\"_ _5\"></span>laborate  da <span class=\"_ _4\"> </span>un<span class=\"_ _5\"></span>  esperto indipendente <span class=\"_ _d\"> </span>coerenti <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>on <span class=\"_ _d\"> </span>le<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>aspettative <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>evoluzione <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>domanda <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>energia, <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>potenza <span class=\"_ _d\"> </span>installata, <span class=\"_ _f\"> </span>della domanda <span class=\"_ _7\"></span>contendibile <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>cicli <span class=\"_ _7\"></span>combinati, <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>margine <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>riserva <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>tteso <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>sistema. <span class=\"_ _7\"></span>Tale <span class=\"_ _7\"></span>scenario <span class=\"_ _7\"></span>modifica <span class=\"_ _7\"></span>quello utilizzato <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>precedente <span class=\"_ _7\"></span>esercizio, <span class=\"_ _6\"></span>incidendo <span class=\"_ _6\"></span>sui<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valori <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Clean <span class=\"_ _6\"></span>spark<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>spread <span class=\"_ _7\"></span>futuro. <span class=\"_ _6\"></span>I <span class=\"_ _6\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _6\"></span>stimati <span class=\"_ _7\"></span>sono stati <span class=\"_ _7\"></span>attualizzati <span class=\"_ _5\"></span>utilizzando <span class=\"_ _7\"></span>un <span class=\"_ _5\"></span>Wacc <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>5,73% <span class=\"_ _7\"></span>(rispetto <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>Wacc <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>5,93% <span class=\"_ _7\"></span>utilizzato <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>2023), <span class=\"_ _7\"></span>calcolato <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>le stesse modalit\u00e0 ill<span class=\"_ _3\"></span>ustrate per le unit\u00e0 ge<span class=\"_ _3\"></span>neratrici di flussi finanzi<span class=\"_ _3\"></span>ari come indicato all<span class=\"_ _3\"></span>a nota 25 \u201cImpairment<span class=\"_ _3\"></span> test asset\u201d.<span class=\"_ _7\"></span><span class=\"ff1\"> </span>L\u2019esito <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>test <span class=\"_ _e\"> </span>ha <span class=\"_ _e\"> </span>comportato <span class=\"_ _6\"> </span>u<span class=\"_ _5\"></span>na <span class=\"_ _e\"> </span>svalutazione <span class=\"_ _6\"> </span>della <span class=\"_ _e\"> </span>partecipazione <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>Set <span class=\"_ _e\"> </span>Spa <span class=\"_ _e\"> </span>pari <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>22,<span class=\"_ _7\"></span><span class=\"ff1\">1 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>euro <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>ha </span>confermato <span class=\"_ _6\"></span>uno <span class=\"_ _e\"></span>scenario <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>forte <span class=\"_ _e\"></span>criticit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Tamarete <span class=\"_ _e\"></span>Energi<span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Srl, <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>mergendo<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>presupposti <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>recupero delle somme investite. Sono stati ipotizzati, <span class=\"_ _3\"></span>inoltre, due scenari di <span class=\"_ _3\"></span>sensitivity:<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">una <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rima <span class=\"_ _5\"></span>analisi <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stata <span class=\"_ _7\"></span>sviluppata <span class=\"_ _7\"></span>diminuendo <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>Css <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>1 <span class=\"_ _7\"></span>euro/MWh, <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>conseguente <span class=\"_ _5\"></span>riduzione <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di </span></span>cassa sviluppati negli anni di vi<span class=\"_ _3\"></span>ta degli impianti; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">una seconda analisi <span class=\"_ _3\"></span>ha ipotizzato di attu<span class=\"_ _3\"></span>alizzare tutti i flussi di <span class=\"_ _3\"></span>cassa utilizzato il wacc incr<span class=\"_ _3\"></span>ementato di 25 bps.<span class=\"_ _5\"></span> </span></span>Nel <span class=\"_ _6\"> </span>primo <span class=\"_ _e\"> </span>scenario <span class=\"_ _6\"></span>si <span class=\"_ _6\"> </span>determinerebbe <span class=\"_ _e\"> </span>un\u2019ulteriore <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>Set <span class=\"_ _e\"> </span>Spa <span class=\"_ _6\"></span>per <span class=\"_ _6\"> </span>1<span class=\"_ _5\"></span>,1 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>euro<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _e\"></span>(inclusi <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>crediti </span>finanziari), mentre nel <span class=\"_ _5\"></span>secondo scenario il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>della partecipazione r<span class=\"_ _5\"></span>isulterebbe sostanzialm<span class=\"_ _3\"></span>ente allineato a <span class=\"_ _5\"></span>quello di iscrizione attual<span class=\"_ _3\"></span>e.<span class=\"_ _75\"> </span>Al t<span class=\"_ _5\"></span>ermine del <span class=\"_ _5\"></span>processo valutativo il<span class=\"_ _5\"></span> valore <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>iscrizione di <span class=\"_ _5\"></span>asset finanziari, partecipazione <span class=\"_ _5\"></span>e crediti, <span class=\"_ _5\"></span>relativi a <span class=\"_ _5\"></span>Set <span class=\"_ _5\"></span>Spa risultano <span class=\"_ _5\"></span>rispettivamente p<span class=\"_ _5\"></span>ari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>0,3 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>8,9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro, <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>asset <span class=\"_ _7\"></span>finanziari <span class=\"_ _5\"></span>riferiti <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Tamarete Energia Srl risulta<span class=\"_ _3\"></span>no interamente svalutati. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "<div class=\"c w2 h0 gs83a\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">Le Altre <span class=\"ff5\">partecipazioni in imp<span class=\"_ _3\"></span>rese non rientranti nell<span class=\"_ _3\"></span>\u2019area di consolidam<span class=\"_ _3\"></span>ento hanno registrato l<span class=\"_ _3\"></span>e seguenti variazioni:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></div></div><div class=\"c w4e h363 gs83b\"><div class=\"t mb x16 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">GERARCHIA FAIR </div><div class=\"t mb xa8 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALUE </div></div><div class=\"c w4f h363 gs83c\"><div class=\"t mb x1c h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE INIZIA<span class=\"_ _3\"></span>LE</div><div class=\"t mb x1c h13 y1dbe ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w50 h363 gs83d\"><div class=\"t mb x1 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">INVESTIMENTI <span class=\"_ _3\"></span>E</div><div class=\"t mb x1 h13 y1d0a ff2 fs3 fc2 sc0 ls0 ws0\"> </div><div class=\"t mb x94 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DISINVESTIME<span class=\"_ _3\"></span>NTI</div><div class=\"t mb x94 h13 y13c6 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w51 h363 gs83e\"><div class=\"t mb x93 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALUTAZIONI A </div><div class=\"t mb x23 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE</div><div class=\"t mb x23 h13 y13f4 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w52 h363 gs83f\"><div class=\"t mb xac h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ALTRE VARIAZIO<span class=\"_ _3\"></span>NI</div><div class=\"t mb xac h13 y1cd5 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w53 h363 gs840\"><div class=\"t mb xac h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE FINAL<span class=\"_ _3\"></span>E</div><div class=\"t mb xac h13 y1dbf ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w4d h3c gs841\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div>Ascopiave Spa 1 27,6 \u2010<span class=\"ff4\"> </span>(1,7) \u2010<span class=\"ff4\"> </span>25,9 Calenia Energia S<span class=\"_ _3\"></span>pa 3 1,7 \u2010<span class=\"ff4\"> </span>12,7 \u2010<span class=\"ff4\"> </span>14,4 Veneta Sanitaria Fi<span class=\"_ _3\"></span>nanza di Progetto Spa 3 3,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,6 Altre minori 3 6,0 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(1,3) 4,7 Totale 38,9 \u2010<span class=\"ff2 sc0\"> </span>11,0 (1,3) 48,6 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span>Ascopiave Spa 1 25,9 \u2010<span class=\"ff4\"> </span>5,7 \u2010<span class=\"ff4\"> </span>31,6 Calenia Energia S<span class=\"_ _3\"></span>pa 3 14,4 \u2010<span class=\"ff4\"> </span>(9,6) \u2010<span class=\"ff4\"> </span>4,8 Veneta Sanitaria Fi<span class=\"_ _3\"></span>nanza di Progetto Spa 3 3,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,6 Sinergas Spa 3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>2,3 2,3 Altre minori 3 4,7 0,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>5,0 Totale 48,6 0,3 (3,9) 2,3 47,3 Nel caso di partecipazi<span class=\"_ _3\"></span>oni aventi gerarchia 1 <span class=\"_ _3\"></span>di fair value, l\u2019adeguamento<span class=\"_ _3\"></span> di valore, rilevato tr<span class=\"_ _3\"></span>a le componenti di conto<span class=\"_ _1\"></span> economico <span class=\"_ _5\"></span>complessivo, <span class=\"_ _5\"></span>permette <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>llineare <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>carico <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>az<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>quotazioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>fine <span class=\"_ _7\"></span>anno. Nel <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>partecipazioni aventi <span class=\"_ _5\"></span>gerarchia <span class=\"_ _5\"></span>3, le <span class=\"_ _5\"></span>risultanze <span class=\"_ _5\"></span>ottenute dall\u2019applicazione di <span class=\"_ _5\"></span>tecniche valutative <span class=\"_ _5\"></span>basate <span class=\"_ _5\"></span>su stime <span class=\"_ _7\"></span>interne, <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>asse<span class=\"_ _3\"></span>nza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>arametri <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>osservabili, <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>comportato <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>tra<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>di conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>complessivo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>adeguamento <span class=\"_ _6\"></span>negativo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>partecipazione <span class=\"_ _6\"></span>nel<span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>societ\u00e0 Calenia Energia Spa.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-60": {
   "value": "Le Altre <span class=\"ff5\">partecipazioni in imp<span class=\"_ _3\"></span>rese non rientranti nell<span class=\"_ _3\"></span>\u2019area di consolidam<span class=\"_ _3\"></span>ento hanno registrato l<span class=\"_ _3\"></span>e seguenti variazioni:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>GERARCHIA FAIR VALUE VALORE INIZIA<span class=\"_ _3\"></span>LEINVESTIMENTI <span class=\"_ _3\"></span>EDISINVESTIME<span class=\"_ _3\"></span>NTIVALUTAZIONI A FAIR VALUEALTRE VARIAZIO<span class=\"_ _3\"></span>NIVALORE FINAL<span class=\"_ _3\"></span>E31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Ascopiave Spa 1 27,6 \u2010<span class=\"ff4\"> </span>(1,7) \u2010<span class=\"ff4\"> </span>25,9 Calenia Energia S<span class=\"_ _3\"></span>pa 3 1,7 \u2010<span class=\"ff4\"> </span>12,7 \u2010<span class=\"ff4\"> </span>14,4 Veneta Sanitaria Fi<span class=\"_ _3\"></span>nanza di Progetto Spa 3 3,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,6 Altre minori 3 6,0 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(1,3) 4,7 Totale 38,9 \u2010<span class=\"ff2 sc0\"> </span>11,0 (1,3) 48,6 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span>Ascopiave Spa 1 25,9 \u2010<span class=\"ff4\"> </span>5,7 \u2010<span class=\"ff4\"> </span>31,6 Calenia Energia S<span class=\"_ _3\"></span>pa 3 14,4 \u2010<span class=\"ff4\"> </span>(9,6) \u2010<span class=\"ff4\"> </span>4,8 Veneta Sanitaria Fi<span class=\"_ _3\"></span>nanza di Progetto Spa 3 3,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,6 Sinergas Spa 3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>2,3 2,3 Altre minori 3 4,7 0,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>5,0 Totale 48,6 0,3 (3,9) 2,3 47,3 Nel caso di partecipazi<span class=\"_ _3\"></span>oni aventi gerarchia 1 <span class=\"_ _3\"></span>di fair value, l\u2019adeguamento<span class=\"_ _3\"></span> di valore, rilevato tr<span class=\"_ _3\"></span>a le componenti di conto<span class=\"_ _1\"></span> economico <span class=\"_ _5\"></span>complessivo, <span class=\"_ _5\"></span>permette <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>llineare <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>carico <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>az<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>quotazioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>fine <span class=\"_ _7\"></span>anno. Nel <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>partecipazioni aventi <span class=\"_ _5\"></span>gerarchia <span class=\"_ _5\"></span>3, le <span class=\"_ _5\"></span>risultanze <span class=\"_ _5\"></span>ottenute dall\u2019applicazione di <span class=\"_ _5\"></span>tecniche valutative <span class=\"_ _5\"></span>basate <span class=\"_ _5\"></span>su stime <span class=\"_ _7\"></span>interne, <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>asse<span class=\"_ _3\"></span>nza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>arametri <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>osservabili, <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>comportato <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>tra<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>di conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>complessivo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>adeguamento <span class=\"_ _6\"></span>negativo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>partecipazione <span class=\"_ _6\"></span>nel<span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>societ\u00e0 Calenia Energia Spa. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "Le Altre <span class=\"ff5\">partecipazioni in imp<span class=\"_ _3\"></span>rese non rientranti nell<span class=\"_ _3\"></span>\u2019area di consolidam<span class=\"_ _3\"></span>ento hanno registrato l<span class=\"_ _3\"></span>e seguenti variazioni:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span>GERARCHIA FAIR VALUE VALORE INIZIA<span class=\"_ _3\"></span>LEINVESTIMENTI <span class=\"_ _3\"></span>EDISINVESTIME<span class=\"_ _3\"></span>NTIVALUTAZIONI A FAIR VALUEALTRE VARIAZIO<span class=\"_ _3\"></span>NIVALORE FINAL<span class=\"_ _3\"></span>E31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Ascopiave Spa 1 27,6 \u2010<span class=\"ff4\"> </span>(1,7) \u2010<span class=\"ff4\"> </span>25,9 Calenia Energia S<span class=\"_ _3\"></span>pa 3 1,7 \u2010<span class=\"ff4\"> </span>12,7 \u2010<span class=\"ff4\"> </span>14,4 Veneta Sanitaria Fi<span class=\"_ _3\"></span>nanza di Progetto Spa 3 3,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,6 Altre minori 3 6,0 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>(1,3) 4,7 Totale 38,9 \u2010<span class=\"ff2 sc0\"> </span>11,0 (1,3) 48,6 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span>Ascopiave Spa 1 25,9 \u2010<span class=\"ff4\"> </span>5,7 \u2010<span class=\"ff4\"> </span>31,6 Calenia Energia S<span class=\"_ _3\"></span>pa 3 14,4 \u2010<span class=\"ff4\"> </span>(9,6) \u2010<span class=\"ff4\"> </span>4,8 Veneta Sanitaria Fi<span class=\"_ _3\"></span>nanza di Progetto Spa 3 3,6 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>3,6 Sinergas Spa 3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>2,3 2,3 Altre minori 3 4,7 0,3 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>5,0 Totale 48,6 0,3 (3,9) 2,3 47,3 Nel caso di partecipazi<span class=\"_ _3\"></span>oni aventi gerarchia 1 <span class=\"_ _3\"></span>di fair value, l\u2019adeguamento<span class=\"_ _3\"></span> di valore, rilevato tr<span class=\"_ _3\"></span>a le componenti di conto<span class=\"_ _1\"></span> economico <span class=\"_ _5\"></span>complessivo, <span class=\"_ _5\"></span>permette <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>llineare <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>carico <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>az<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>alle <span class=\"_ _7\"></span>quotazioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>fine <span class=\"_ _7\"></span>anno. Nel <span class=\"_ _5\"></span>caso di <span class=\"_ _5\"></span>partecipazioni aventi <span class=\"_ _5\"></span>gerarchia <span class=\"_ _5\"></span>3, le <span class=\"_ _5\"></span>risultanze <span class=\"_ _5\"></span>ottenute dall\u2019applicazione di <span class=\"_ _5\"></span>tecniche valutative <span class=\"_ _5\"></span>basate <span class=\"_ _5\"></span>su stime <span class=\"_ _7\"></span>interne, <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>asse<span class=\"_ _3\"></span>nza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>arametri <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>osservabili, <span class=\"_ _7\"></span>hanno <span class=\"_ _7\"></span>comportato <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>ri<span class=\"_ _5\"></span>levazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>tra<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>di conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>complessivo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>adeguamento <span class=\"_ _6\"></span>negativo <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>partecipazione <span class=\"_ _6\"></span>nel<span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>societ\u00e0 Calenia Energia Spa. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "Si <span class=\"_ _6\"></span>espongono <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rincipali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>aggregati <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>joint <span class=\"_ _6\"></span>venture <span class=\"_ _6\"></span>Enomondo <span class=\"_ _6\"></span>Srl <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _6\"></span></span>S<span class=\"_ _3\"></span>et <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _7\"></span>a in<span class=\"ls0\">fluenza notevole (Aimag<span class=\"_ _3\"></span> Spa, ASM S<span class=\"_ _3\"></span>ET Srl, SEA Srl, Sgr Servizi Spa e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>Tamarete Energia Srl): </span>ATTIVIT\u00c0 SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti Immobili, impianti e m<span class=\"_ _3\"></span>acchinari 125,0 305,5 430,5 Diritti d'uso \u2010<span class=\"ff4\"> </span>0,8 0,8 Attivit\u00e0 immateriali 0,3 58,3 58,6 Avviamento \u2010<span class=\"ff4\"> </span>98,0 98,0 Altre partecipazi<span class=\"_ _3\"></span>oni \u2010<span class=\"ff4\"> </span>6,8 6,8 Attivit\u00e0 finanziarie 0,1 13,5 13,6 Attivit\u00e0 per imposte differit<span class=\"_ _1\"></span>e 1,9 1,1 3,0 Totale attivit\u00e0 n<span class=\"_ _3\"></span>on correnti 127,3 484,0 611,3 Attivit\u00e0 correnti Rimanenze 3,4 3,5 6,9 Crediti commerci<span class=\"_ _3\"></span>ali 62,1 212,0 274,1<span class=\"_ _75\"> </span> Attivit\u00e0 finanziarie \u2010<span class=\"ff4\"> </span>3,8 3,8 Attivit\u00e0 per imposte c<span class=\"_ _3\"></span>orrenti 5,9 0,2 6,1 Attivit\u00e0 derivanti da c<span class=\"_ _3\"></span>ontratti verso clie<span class=\"_ _3\"></span>nti correnti \u2010<span class=\"ff4\"> </span>0,1 0,1 Altre attivit\u00e0 corr<span class=\"_ _3\"></span>enti 8,1 100,8 108,9 Strumenti derivati<span class=\"_ _3\"></span> 0,1 \u2010<span class=\"ff4\"> </span>0,1 Disponibilit\u00e0 liquide e <span class=\"_ _3\"></span>mezzi equivalenti 13,0 24,2 37,2 Totale attivit\u00e0 c<span class=\"_ _3\"></span>orrenti 92,6 344,6 437,2 Totale attivit\u00e0 219,9 828,6 1.048,5<span class=\"_ _75\"> </span>PATRIMONIO N<span class=\"_ _3\"></span>ETTO E PASSIVIT<span class=\"_ _3\"></span>\u00c0 SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Capitale sociale e r<span class=\"_ _3\"></span>iserve Capitale sociale 14,1 87,9 102,0 Riserve 93,1 232,0 325,1 Utile (perdita) dell'<span class=\"_ _3\"></span>esercizio 4,8 33,5 38,3 Patrimonio nett<span class=\"_ _3\"></span>o del Gruppo 112,0 353,4 465,4 Interessenze di minor<span class=\"_ _3\"></span>anza 15,6 15,6 Totale patrimonio <span class=\"_ _3\"></span>netto 112,0 369,0 481,0 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 23,8 204,9 228,7 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing \u2010<span class=\"ff4\"> </span>0,6 0,6 Benefici ai dipende<span class=\"_ _3\"></span>nti 0,3 6,1 6,4 Fondi 0,3 44,4 44,7 Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite 0,3 0,5 0,8 Strumenti finanziari d<span class=\"_ _3\"></span>erivati 0,1 \u2010<span class=\"ff4\"> </span>0,1 Totale passivit\u00e0 n<span class=\"_ _3\"></span>on correnti 24,8 256,5 281,3 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 6,7 0,1 6,8 Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing \u2010<span class=\"ff4\"> </span>0,2 0,2 Debiti commerciali 69,2 162,9 232,1 Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste correnti 0,2 \u2010<span class=\"ff4\"> </span>0,2 Altre passivit\u00e0 corr<span class=\"_ _3\"></span>enti 7,0 39,9 46,9 Totale passivit\u00e0 c<span class=\"_ _3\"></span>orrenti 83,1 203,1 286,2 Totale passivit\u00e0<span class=\"_ _3\"></span> 107,9 459,6 567,5 Totale patrimonio <span class=\"_ _3\"></span>netto e totale p<span class=\"_ _3\"></span>assivit\u00e0 219,9 828,6 1.048,5 CONTO ECONOMI<span class=\"_ _3\"></span>CO SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Ricavi 132,1 673,1 805,2 Altri ricavi operativi 5,1 0,7 5,8 Materie prime e materi<span class=\"_ _3\"></span>ali (84,8) (395,1) (479,9) Costi per servizi (25,6) (123,3) (148,9) Costi del person<span class=\"_ _3\"></span>ale (2,7) (34,5) (37,2) Ammortamenti a<span class=\"_ _3\"></span>ccantonamenti e svaluta<span class=\"_ _3\"></span>zioni (15,0) (55,2) (70,2) Altre spese operati<span class=\"_ _3\"></span>ve (0,7) (8,4) (9,1) Utile operativo 8,4 57,3 65,7 Proventi finanziari 0,5 11,2 11,7 Oneri finanziari (2,7) (17,8) (20,5) Totale gestione fi<span class=\"_ _3\"></span>nanziaria (2,2) (6,6) (8,8) Altri ricavi (costi) <span class=\"_ _3\"></span>non operativi (0,1) \u2010<span class=\"ff4\"> </span>(0,1) Utile prima dell<span class=\"_ _3\"></span>e imposte 6,1 50,7 56,8 Imposte del peri<span class=\"_ _3\"></span>odo (1,3) (16,2) (17,5) Utile netto del p<span class=\"_ _3\"></span>eriodo 4,8 34,5 39,3<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "Si <span class=\"_ _6\"></span>espongono <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>rincipali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>aggregati <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>joint <span class=\"_ _6\"></span>venture <span class=\"_ _6\"></span>Enomondo <span class=\"_ _6\"></span>Srl <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _6\"></span></span>S<span class=\"_ _3\"></span>et <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _7\"></span>a in<span class=\"ls0\">fluenza notevole (Aimag<span class=\"_ _3\"></span> Spa, ASM S<span class=\"_ _3\"></span>ET Srl, SEA Srl, Sgr Servizi Spa e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>Tamarete Energia Srl): </span>ATTIVIT\u00c0 SOCIET\u00c0  JOINT VENTUR<span class=\"_ _3\"></span>E SOCIET\u00c0 COLLEGATE TOTALE Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti Immobili, impianti e m<span class=\"_ _3\"></span>acchinari 125,0 305,5 430,5 Diritti d'uso \u2010<span class=\"ff4\"> </span>0,8 0,8 Attivit\u00e0 immateriali 0,3 58,3 58,6 Avviamento \u2010<span class=\"ff4\"> </span>98,0 98,0 Altre partecipazi<span class=\"_ _3\"></span>oni \u2010<span class=\"ff4\"> </span>6,8 6,8 Attivit\u00e0 finanziarie 0,1 13,5 13,6 Attivit\u00e0 per imposte differit<span class=\"_ _1\"></span>e 1,9 1,1 3,0 Totale attivit\u00e0 n<span class=\"_ _3\"></span>on correnti 127,3 484,0 611,3 Attivit\u00e0 correnti Rimanenze 3,4 3,5 6,9 Crediti commerci<span class=\"_ _3\"></span>ali 62,1 212,0 274,1<span class=\"_ _75\"> </span> <div class=\"c w110 h3c gs843\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 finanziarie </div></div><div class=\"c w111 h3c gs844\"><div class=\"t m0 x72 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w112 h3c gs845\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,8 </div></div><div class=\"c w111 h3c gs846\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">3,8 </div></div><div class=\"c w110 h3c gs847\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 per imposte c<span class=\"_ _3\"></span>orrenti </div></div><div class=\"c w111 h3c gs848\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">5,9 </div></div><div class=\"c w112 h3c gs849\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w111 h3c gs84a\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,1 </div></div><div class=\"c w110 h90 gs84b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 derivanti da c<span class=\"_ _3\"></span>ontratti verso clie<span class=\"_ _3\"></span>nti correnti </div></div><div class=\"c w111 h90 gs84c\"><div class=\"t m0 x72 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w112 h90 gs84d\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w111 h90 gs84e\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w110 h3c gs84f\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altre attivit\u00e0 corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w111 h3c gs850\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">8,1 </div></div><div class=\"c w112 h3c gs851\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">100,8 </div></div><div class=\"c w111 h3c gs852\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">108,9 </div></div><div class=\"c w110 h3c gs853\"><div class=\"t m0 x0 hf y15c8 ff4 fs3 fc1 sc0 ls0 ws0\">Strumenti derivati<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gs854\"><div class=\"t m0 xc6 hf yfde ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w112 h3c gs855\"><div class=\"t m0 x72 hf yfde ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w111 h3c gs856\"><div class=\"t m0 xc6 hf yfde ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w110 h3c gs858\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 liquide e <span class=\"_ _3\"></span>mezzi equivalenti </div></div><div class=\"c w111 h3c gs859\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13,0 </div></div><div class=\"c w112 h3c gs85a\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">24,2 </div></div><div class=\"c w111 h3c gs85b\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">37,2 </div></div><div class=\"c w110 h3c gs85c\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0 c<span class=\"_ _3\"></span>orrenti </div></div><div class=\"c w111 h3c gs85d\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">92,6 </div></div><div class=\"c w112 h3c gs85e\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">344,6 </div></div><div class=\"c w111 h3c gs85f\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">437,2 </div></div><div class=\"c w110 h3c gs860\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale attivit\u00e0 </div></div><div class=\"c w111 h3c gs861\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">219,9 </div></div><div class=\"c w112 h3c gs862\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">828,6 </div></div><div class=\"c w111 h3c gs863\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.048,5<span class=\"_ _75\"> </span> </div></div><div class=\"c w113 h5f gs865\"><div class=\"t m0 x0 h13 y1dd0 ff2 fs3 fc2 sc0 ls0 ws0\">PATRIMONIO N<span class=\"_ _3\"></span>ETTO E PASSIVIT<span class=\"_ _3\"></span>\u00c0 </div></div><div class=\"c w111 h5f gs866\"><div class=\"t m0 x30 h13 y2e7 ff2 fs3 fc2 sc0 ls0 ws0\">SOCIET\u00c0  </div><div class=\"t m0 xa5 h13 y182f ff2 fs3 fc2 sc0 ls0 ws0\">JOINT VENTUR<span class=\"_ _3\"></span>E </div></div><div class=\"c w112 h5f gs867\"><div class=\"t m0 x30 h13 y2e7 ff2 fs3 fc2 sc0 ls0 ws0\">SOCIET\u00c0 </div><div class=\"t m0 x53 h13 y182f ff2 fs3 fc2 sc0 ls0 ws0\">COLLEGATE </div></div><div class=\"c w111 h5f gs868\"><div class=\"t m0 x8c h13 y1dd0 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w113 h3c gs869\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Capitale sociale e r<span class=\"_ _3\"></span>iserve </div></div><div class=\"c w113 h3c gs86a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Capitale sociale </div></div><div class=\"c w111 h3c gs86b\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">14,1 </div></div><div class=\"c w112 h3c gs86c\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">87,9 </div></div><div class=\"c w111 h3c gs86d\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">102,0 </div></div><div class=\"c w113 h3c gs86e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Riserve </div></div><div class=\"c w111 h3c gs86f\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">93,1 </div></div><div class=\"c w112 h3c gs870\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">232,0 </div></div><div class=\"c w111 h3c gs871\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">325,1 </div></div><div class=\"c w113 h3c gs872\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Utile (perdita) dell'<span class=\"_ _3\"></span>esercizio </div></div><div class=\"c w111 h3c gs873\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">4,8 </div></div><div class=\"c w112 h3c gs874\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">33,5 </div></div><div class=\"c w111 h3c gs875\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">38,3 </div></div><div class=\"c w113 h3c gs876\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Patrimonio nett<span class=\"_ _3\"></span>o del Gruppo </div></div><div class=\"c w111 h3c gs877\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">112,0 </div></div><div class=\"c w112 h3c gs878\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">353,4 </div></div><div class=\"c w111 h3c gs879\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">465,4 </div></div><div class=\"c w113 h3c gs87a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Interessenze di minor<span class=\"_ _3\"></span>anza </div></div><div class=\"c w112 h3c gs87b\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">15,6 </div></div><div class=\"c w111 h3c gs87c\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">15,6 </div></div><div class=\"c w113 h3c gs87d\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale patrimonio <span class=\"_ _3\"></span>netto </div></div><div class=\"c w111 h3c gs87e\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">112,0 </div></div><div class=\"c w112 h3c gs87f\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">369,0 </div></div><div class=\"c w111 h3c gs880\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">481,0 </div></div><div class=\"c w113 h90 gs881\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w113 h3c gs882\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti </div></div><div class=\"c w111 h3c gs883\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">23,8 </div></div><div class=\"c w112 h3c gs884\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">204,9 </div></div><div class=\"c w111 h3c gs885\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">228,7 </div></div><div class=\"c w113 h3c gs886\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing </div></div><div class=\"c w111 h3c gs887\"><div class=\"t m0 x72 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w112 h3c gs888\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,6 </div></div><div class=\"c w111 h3c gs889\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,6 </div></div><div class=\"c w113 h3c gs88a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Benefici ai dipende<span class=\"_ _3\"></span>nti </div></div><div class=\"c w111 h3c gs88b\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w112 h3c gs88c\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">6,1 </div></div><div class=\"c w111 h3c gs88d\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">6,4 </div></div><div class=\"c w113 h3c gs88e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondi </div></div><div class=\"c w111 h3c gs88f\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w112 h3c gs890\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">44,4 </div></div><div class=\"c w111 h3c gs891\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">44,7 </div></div><div class=\"c w113 h98 gs892\"><div class=\"t m0 x0 hf yddf ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite </div></div><div class=\"c w111 h98 gs893\"><div class=\"t m0 xc6 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w112 h98 gs894\"><div class=\"t m0 xc6 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">0,5 </div></div><div class=\"c w111 h98 gs895\"><div class=\"t m0 xc6 hf y15f1 ff4 fs3 fc10 sc0 ls0 ws0\">0,8 </div></div><div class=\"c w113 h3c gs896\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Strumenti finanziari d<span class=\"_ _3\"></span>erivati </div></div><div class=\"c w111 h3c gs897\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w112 h3c gs898\"><div class=\"t m0 x72 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w111 h3c gs899\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w113 h3c gs89a\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale passivit\u00e0 n<span class=\"_ _3\"></span>on correnti </div></div><div class=\"c w111 h3c gs89b\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">24,8 </div></div><div class=\"c w112 h3c gs89c\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">256,5 </div></div><div class=\"c w111 h3c gs89d\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">281,3 </div></div><div class=\"c w113 h3c gs89e\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 corre<span class=\"_ _3\"></span>nti </div></div><div class=\"c w113 h3c gs89f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti </div></div><div class=\"c w111 h3c gs8a0\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,7 </div></div><div class=\"c w112 h3c gs8a1\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w111 h3c gs8a2\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,8 </div></div><div class=\"c w113 h3c gs8a3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing </div></div><div class=\"c w111 h3c gs8a4\"><div class=\"t m0 x72 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w112 h3c gs8a5\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w111 h3c gs8a6\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w113 h3c gs8a7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti commerciali </div></div><div class=\"c w111 h3c gs8a8\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">69,2 </div></div><div class=\"c w112 h3c gs8a9\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">162,9 </div></div><div class=\"c w111 h3c gs8aa\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">232,1 </div></div><div class=\"c w113 h90 gs8ab\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste correnti </div></div><div class=\"c w111 h90 gs8ac\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w112 h90 gs8ad\"><div class=\"t m0 x72 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w111 h90 gs8ae\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w113 h3c gs8af\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altre passivit\u00e0 corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w111 h3c gs8b0\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">7,0 </div></div><div class=\"c w112 h3c gs8b1\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">39,9 </div></div><div class=\"c w111 h3c gs8b2\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">46,9 </div></div><div class=\"c w113 h3c gs8b3\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale passivit\u00e0 c<span class=\"_ _3\"></span>orrenti </div></div><div class=\"c w111 h3c gs8b4\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">83,1 </div></div><div class=\"c w112 h3c gs8b5\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">203,1 </div></div><div class=\"c w111 h3c gs8b6\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">286,2 </div></div><div class=\"c w113 h3c gs8b7\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale passivit\u00e0<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gs8b8\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">107,9 </div></div><div class=\"c w112 h3c gs8b9\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">459,6 </div></div><div class=\"c w111 h3c gs8ba\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">567,5 </div></div><div class=\"c w113 h3c gs8bb\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale patrimonio <span class=\"_ _3\"></span>netto e totale p<span class=\"_ _3\"></span>assivit\u00e0 </div></div><div class=\"c w111 h3c gs8bc\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">219,9 </div></div><div class=\"c w112 h3c gs8bd\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">828,6 </div></div><div class=\"c w111 h3c gs8be\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.048,5 </div></div><div class=\"c w113 h5f gs8bf\"><div class=\"t m0 x0 h13 y1dd0 ff2 fs3 fc2 sc0 ls0 ws0\">CONTO ECONOMI<span class=\"_ _3\"></span>CO </div></div><div class=\"c w111 h5f gs8c0\"><div class=\"t m0 x30 h13 y2e7 ff2 fs3 fc2 sc0 ls0 ws0\">SOCIET\u00c0  </div><div class=\"t m0 xa5 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">JOINT VENTUR<span class=\"_ _3\"></span>E </div></div><div class=\"c w112 h5f gs8c1\"><div class=\"t m0 x30 h13 y2e7 ff2 fs3 fc2 sc0 ls0 ws0\">SOCIET\u00c0 </div><div class=\"t m0 x53 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">COLLEGATE </div></div><div class=\"c w111 h5f gs8c2\"><div class=\"t m0 x8c h13 y1dd0 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w113 h3c gs8c3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ricavi </div></div><div class=\"c w111 h3c gs8c4\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">132,1 </div></div><div class=\"c w112 h3c gs8c5\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">673,1 </div></div><div class=\"c w111 h3c gs8c6\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">805,2 </div></div><div class=\"c w113 h3c gs8c7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri ricavi operativi </div></div><div class=\"c w111 h3c gs8c8\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,1 </div></div><div class=\"c w112 h3c gs8c9\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,7 </div></div><div class=\"c w111 h3c gs8ca\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,8 </div></div><div class=\"c w113 h3c gs8cb\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Materie prime e materi<span class=\"_ _3\"></span>ali </div></div><div class=\"c w111 h3c gs8cc\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(84,8) </div></div><div class=\"c w112 h3c gs8cd\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(395,1) </div></div><div class=\"c w111 h3c gs8ce\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(479,9) </div></div><div class=\"c w113 h3c gs8cf\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi per servizi </div></div><div class=\"c w111 h3c gs8d0\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(25,6) </div></div><div class=\"c w112 h3c gs8d1\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(123,3) </div></div><div class=\"c w111 h3c gs8d2\"><div class=\"t m0 x93 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(148,9) </div></div><div class=\"c w113 h3c gs8d3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi del person<span class=\"_ _3\"></span>ale </div></div><div class=\"c w111 h3c gs8d4\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2,7) </div></div><div class=\"c w112 h3c gs8d5\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(34,5) </div></div><div class=\"c w111 h3c gs8d6\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(37,2) </div></div><div class=\"c w113 h3c gs8d7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Ammortamenti a<span class=\"_ _3\"></span>ccantonamenti e svaluta<span class=\"_ _3\"></span>zioni </div></div><div class=\"c w111 h3c gs8d8\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(15,0) </div></div><div class=\"c w112 h3c gs8d9\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(55,2) </div></div><div class=\"c w111 h3c gs8da\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(70,2) </div></div><div class=\"c w113 h3c gs8db\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altre spese operati<span class=\"_ _3\"></span>ve </div></div><div class=\"c w111 h3c gs8dc\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,7) </div></div><div class=\"c w112 h3c gs8dd\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(8,4) </div></div><div class=\"c w111 h3c gs8de\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(9,1) </div></div><div class=\"c w113 h90 gs8df\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Utile operativo </div></div><div class=\"c w111 h90 gs8e0\"><div class=\"t m0 xc6 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">8,4 </div></div><div class=\"c w112 h90 gs8e1\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">57,3 </div></div><div class=\"c w111 h90 gs8e2\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">65,7 </div></div><div class=\"c w113 h3c gs8e3\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Proventi finanziari </div></div><div class=\"c w111 h3c gs8e4\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,5 </div></div><div class=\"c w112 h3c gs8e5\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">11,2 </div></div><div class=\"c w111 h3c gs8e6\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">11,7 </div></div><div class=\"c w113 h3c gs8e7\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri finanziari </div></div><div class=\"c w111 h3c gs8e8\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(2,7) </div></div><div class=\"c w112 h3c gs8e9\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(17,8) </div></div><div class=\"c w111 h3c gs8ea\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(20,5) </div></div><div class=\"c w113 h3c gs8eb\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale gestione fi<span class=\"_ _3\"></span>nanziaria </div></div><div class=\"c w111 h3c gs8ec\"><div class=\"t m0 x2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(2,2) </div></div><div class=\"c w112 h3c gs8ed\"><div class=\"t m0 x2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(6,6) </div></div><div class=\"c w111 h3c gs8ee\"><div class=\"t m0 x2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(8,8) </div></div><div class=\"c w113 h3c gs8ef\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri ricavi (costi) <span class=\"_ _3\"></span>non operativi </div></div><div class=\"c w111 h3c gs8f0\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w112 h3c gs8f1\"><div class=\"t m0 x72 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w111 h3c gs8f2\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w113 h98 gs8f3\"><div class=\"t m0 x0 h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">Utile prima dell<span class=\"_ _3\"></span>e imposte </div></div><div class=\"c w111 h98 gs8f4\"><div class=\"t m0 xc6 h13 y15f1 ff2 fs3 fcb sc0 ls0 ws0\">6,1 </div></div><div class=\"c w112 h98 gs8f5\"><div class=\"t m0 x4b h13 y15f1 ff2 fs3 fcb sc0 ls0 ws0\">50,7 </div></div><div class=\"c w111 h98 gs8f6\"><div class=\"t m0 x4b h13 y15f1 ff2 fs3 fcb sc0 ls0 ws0\">56,8 </div></div><div class=\"c w113 h3c gs8f7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Imposte del peri<span class=\"_ _3\"></span>odo </div></div><div class=\"c w111 h3c gs8f8\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c w112 h3c gs8f9\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(16,2) </div></div><div class=\"c w111 h3c gs8fa\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(17,5) </div></div><div class=\"c w113 h3c gs8fb\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Utile netto del p<span class=\"_ _3\"></span>eriodo </div></div><div class=\"c w111 h3c gs8fc\"><div class=\"t m0 xc6 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">4,8 </div></div><div class=\"c w112 h3c gs8fd\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">34,5 </div></div><div class=\"c w111 h3c gs8fe\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">39,3<span class=\"_ _75\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-436": {
   "value": "2.02.07 <span class=\"ls0\">- Deriva<span class=\"_ _3\"></span>ti e strumenti ass<span class=\"_ _3\"></span>imilati </span>Gli strumenti derivati di cui<span class=\"_ _5\"></span> il Gruppo si <span class=\"_ _5\"></span>avvale si <span class=\"_ _5\"></span>distinguono in due <span class=\"_ _5\"></span>tipologie sulla base del sottostante coperto: tassi e <span class=\"_ _6\"></span>cambi, <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _6\"></span>riferim<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>operazi<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>finanzi<span class=\"_ _3\"></span>amento, <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>commodity, <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>prezzo <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>operazio<span class=\"_ _3\"></span>ni commerciali di acquisto <span class=\"_ _5\"></span>e vendita di <span class=\"_ _5\"></span>gas ed <span class=\"_ _5\"></span>energia elettrica. Tutti i <span class=\"_ _5\"></span>derivati su <span class=\"_ _5\"></span>commodity sono classificati tra <span class=\"_ _5\"></span>attivit\u00e0 e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>correnti <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>virt\u00f9 <span class=\"_ _5\"></span>dell\u2019elevato <span class=\"_ _7\"></span>livello <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>liqui<span class=\"_ _3\"></span>dit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _3\"></span>orizzonte <span class=\"_ _7\"></span>temporale <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>operativit\u00e0 <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>car<span class=\"_ _3\"></span>atterizzano questi strumenti.<div class=\"c w2 h0 gs93e\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">29  Strumenti d<span class=\"_ _3\"></span>erivati  </div><div class=\"t m0 x23 h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y479 ff1 fs1 fc1 sc0 ls0 ws0\">Al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>4<span class=\"ls16\">, <span class=\"_ _5\"></span></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>non <span class=\"_ _5\"></span>evidenza <span class=\"_ _7\"></span>alcuna <span class=\"_ _6\"></span>es<span class=\"_ _3\"></span>posizione <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>relazione <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>derivati <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>tassi <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>ca<span class=\"_ _5\"></span>mbi <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>quanto </div><div class=\"t m0 x23 h3 y47a ff5 fs1 fc1 sc0 ls0 ws0\">nel <span class=\"_ _e\"> </span>corso <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>ell\u2019esercizio<span class=\"ff1\"> <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>sono <span class=\"_ _6\"></span>conclusi<span class=\"_ _5\"></span>, <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>eguito <span class=\"_ _6\"></span>ai <span class=\"_ _e\"> </span>rimborsi <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>finanziamenti <span class=\"_ _e\"></span>sottostanti, <span class=\"_ _e\"> </span>gli <span class=\"_ _e\"></span>effetti <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>derivati </span></div><div class=\"t m0 x23 h3 y47b ff1 fs1 fc1 sc0 ls0 ws0\">designati come coperture di cas<span class=\"_ _3\"></span>h flow hedge <span class=\"lse\">e </span>di fair value hedge.  </div><div class=\"t m0 x23 h3 y47c ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019esposizione <span class=\"_ _6\"></span>netta <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>commodity, <span class=\"_ _6\"> </span><span class=\"ff1\">ne<span class=\"_ _5\"></span>gativa <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>024, <span class=\"_ _6\"></span>risente <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>particolare <span class=\"_ _6\"></span><span class=\"lse\">de<span class=\"_ _5\"></span></span></span>ll\u2019effetto <span class=\"_ _6\"></span>dei<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y47d ff1 fs1 fc1 sc0 ls0 ws0\">minor<span class=\"lsf\">i </span>nozionali e dei minori pr<span class=\"_ _3\"></span>ezzi medi dei contratti valutati a fine <span class=\"ff5\">2024 <span class=\"_ _3\"></span>rispetto all\u2019esercizio pr<span class=\"_ _3\"></span>ecedente.</span><span class=\"ff5\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 x23 h3 y47e ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2b6 h91 gs940\"><div class=\"t m0 x1a3 h13 y5cf ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2ff h91 gs941\"><div class=\"t m0 x1a h13 y5cf ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w301 h91 gs942\"><div class=\"t m0 x14 h13 y5cf ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONE </div></div><div class=\"c w2fe h8e gs943\"><div class=\"t m0 x14 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 x3a h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">ATTIVIT\u00c0 </div></div><div class=\"c w302 h8e gs944\"><div class=\"t m0 x1a h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 xc0 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">PASSIVIT\u00c0 </div></div><div class=\"c w249 h8e gs945\"><div class=\"t m0 x1a h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xaa h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w303 h8e gs946\"><div class=\"t m0 x15 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 x9d h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">ATTIVIT\u00c0 </div></div><div class=\"c w304 h8e gs947\"><div class=\"t m0 x13 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div><div class=\"t m0 xc0 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">PASSIVIT\u00c0 </div></div><div class=\"c w305 h8e gs948\"><div class=\"t m0 xd h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xa9 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w303 h8e gs949\"><div class=\"t m0 x9d h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xa2 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w2fc h8f gs94a\"><div class=\"t m0 x0 h13 yc1 ff2 fs3 fc1 sc0 ls0 ws0\">Derivati su tassi e c<span class=\"_ _3\"></span>ambi </div></div><div class=\"c w2fc h91 gs94b\"><div class=\"t m0 x0 hf y5cf ff4 fs3 fc1 sc0 ls0 ws0\">Finanziamenti </div></div><div class=\"c w2fe h91 gs94c\"><div class=\"t m0 x30 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">- </div></div><div class=\"c w302 h91 gs94d\"><div class=\"t m0 x8c hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w249 h91 gs94e\"><div class=\"t m0 x4 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">- </div></div><div class=\"c w303 h91 gs94f\"><div class=\"t m0 xb1 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w304 h91 gs950\"><div class=\"t m0 x90 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w305 h91 gs951\"><div class=\"t m0 xa3 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w303 h91 gs952\"><div class=\"t m0 x53 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(0,3) </div></div><div class=\"c w2fc h91 gs953\"><div class=\"t m0 x0 hf y5cf ff4 fs3 fc1 sc0 ls0 ws0\">Finanziamenti in valut<span class=\"_ _3\"></span>a </div></div><div class=\"c w2fe h91 gs954\"><div class=\"t m0 xae hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w302 h91 gs955\"><div class=\"t m0 x8c hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w249 h91 gs956\"><div class=\"t m0 x4 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w303 h91 gs957\"><div class=\"t m0 xb1 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">0,9 </div></div><div class=\"c w304 h91 gs958\"><div class=\"t m0 xb1 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">21,6 </div></div><div class=\"c w305 h91 gs959\"><div class=\"t m0 xa6 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(20,7) </div></div><div class=\"c w303 h91 gs95a\"><div class=\"t m0 x53 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">20,7 </div></div><div class=\"c w2fc h5f gs95b\"><div class=\"t m0 x0 h13 ybff ff2 fs3 fc1 sc0 ls0 ws0\">Totale derivati su ta<span class=\"_ _3\"></span>ssi e </div><div class=\"t m0 x0 h13 y2e8 ff2 fs3 fc1 sc0 ls0 ws0\">cambi </div></div><div class=\"c w2fe h5f gs95c\"><div class=\"t m0 x30 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">- </div></div><div class=\"c w302 h5f gs95d\"><div class=\"t m0 x8c h13 y28 ff11 fs3 fcb sc2 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w249 h5f gs95e\"><div class=\"t m0 x4 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">- </div></div><div class=\"c w303 h5f gs95f\"><div class=\"t m0 xb1 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">1,2 </div></div><div class=\"c w304 h5f gs960\"><div class=\"t m0 xb1 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">21,6 </div></div><div class=\"c w305 h5f gs961\"><div class=\"t m0 xa6 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">(20,4) </div></div><div class=\"c w303 h5f gs962\"><div class=\"t m0 x53 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">20,4 </div></div><div class=\"c w2fc h8f gs963\"><div class=\"t m0 x0 h13 yc1 ff2 fs3 fc1 sc0 ls0 ws0\">Derivati su comm<span class=\"_ _3\"></span>odity </div></div><div class=\"c w2fc h8f gs964\"><div class=\"t m0 x0 hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">Portafoglio commer<span class=\"_ _3\"></span>ciale </div></div><div class=\"c w2fe h8f gs965\"><div class=\"t m0 xa7 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">161,1 </div></div><div class=\"c w302 h8f gs966\"><div class=\"t m0 xa3 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">160,9 </div></div><div class=\"c w249 h8f gs967\"><div class=\"t m0 x53 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w303 h8f gs968\"><div class=\"t m0 x16 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">409,5 </div></div><div class=\"c w304 h8f gs969\"><div class=\"t m0 x53 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">336,9 </div></div><div class=\"c w305 h8f gs96a\"><div class=\"t m0 xa7 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">72,6 </div></div><div class=\"c w303 h8f gs96b\"><div class=\"t m0 x16 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(72,3) </div></div><div class=\"c w2fc h91 gs96c\"><div class=\"t m0 x0 hf y5cf ff4 fs3 fc1 sc0 ls0 ws0\">Portafoglio tradi<span class=\"_ _3\"></span>ng </div></div><div class=\"c w2fe h91 gs96d\"><div class=\"t m0 x53 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">21,3 </div></div><div class=\"c w302 h91 gs96e\"><div class=\"t m0 xa8 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">46,5 </div></div><div class=\"c w249 h91 gs96f\"><div class=\"t m0 xb2 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(25,2) </div></div><div class=\"c w303 h91 gs970\"><div class=\"t m0 x53 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">67,6 </div></div><div class=\"c w304 h91 gs971\"><div class=\"t m0 xb1 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">99,1 </div></div><div class=\"c w305 h91 gs972\"><div class=\"t m0 xa6 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">(31,5) </div></div><div class=\"c w303 h91 gs973\"><div class=\"t m0 xb1 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">6,3 </div></div><div class=\"c w2fc h8e gs974\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc1 sc0 ls0 ws0\">Totale derivati su </div><div class=\"t m0 x0 h13 y2e8 ff2 fs3 fc1 sc0 ls0 ws0\">commodity  </div></div><div class=\"c w2fe h8e gs975\"><div class=\"t m0 xa7 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">182,4 </div></div><div class=\"c w302 h8e gs976\"><div class=\"t m0 xa3 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">207,4 </div></div><div class=\"c w249 h8e gs977\"><div class=\"t m0 xb2 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">(25,0) </div></div><div class=\"c w303 h8e gs978\"><div class=\"t m0 x16 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">477,1 </div></div><div class=\"c w304 h8e gs979\"><div class=\"t m0 x53 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">436,0 </div></div><div class=\"c w305 h8e gs97a\"><div class=\"t m0 xa7 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">41,1 </div></div><div class=\"c w303 h8e gs97b\"><div class=\"t m0 x16 h13 y28 ff2 fs3 fcb sc0 ls0 ws0\">(66,1) </div></div><div class=\"c w2fc h91 gs97c\"><div class=\"t m0 x0 h13 y5cf ff2 fs3 fc1 sc0 ls0 ws0\">Totale derivati  </div></div><div class=\"c w2fe h91 gs97d\"><div class=\"t m0 xa7 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">182,4 </div></div><div class=\"c w302 h91 gs97e\"><div class=\"t m0 xa3 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">207,4 </div></div><div class=\"c w249 h91 gs97f\"><div class=\"t m0 xb2 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">(25,0) </div></div><div class=\"c w303 h91 gs980\"><div class=\"t m0 x16 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">478,3 </div></div><div class=\"c w304 h91 gs981\"><div class=\"t m0 x53 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">457,6 </div></div><div class=\"c w305 h91 gs982\"><div class=\"t m0 xa7 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">20,7 </div></div><div class=\"c w303 h91 gs983\"><div class=\"t m0 x16 h13 y5cf ff2 fs3 fcb sc0 ls0 ws0\">(45,7) </div></div><div class=\"c w2fc h8f gs984\"><div class=\"t m0 x0 hf yc1 ff4 fs3 fc1 sc0 ls0 ws0\">di cui non correnti </div></div><div class=\"c w2fe h8f gs985\"><div class=\"t m0 x30 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">- </div></div><div class=\"c w302 h8f gs986\"><div class=\"t m0 x8c hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w303 h8f gs987\"><div class=\"t m0 xb1 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w304 h8f gs988\"><div class=\"t m0 x90 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2fc h91 gs989\"><div class=\"t m0 x0 hf y5cf ff4 fs3 fc1 sc0 ls0 ws0\">di cui correnti </div></div><div class=\"c w2fe h91 gs98a\"><div class=\"t m0 xa7 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">182,4 </div></div><div class=\"c w302 h91 gs98b\"><div class=\"t m0 xa3 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">207,4 </div></div><div class=\"c w303 h91 gs98c\"><div class=\"t m0 x16 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">478,0 </div></div><div class=\"c w304 h91 gs98d\"><div class=\"t m0 x53 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">457,6 </div></div><div class=\"c w2 h0 gs98e\"><div class=\"t m0 x23 h3 y1de7 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _5\"></span>gestione operativa del<span class=\"_ _5\"></span>le commodity <span class=\"_ _5\"></span>si realizza <span class=\"_ _5\"></span>tramite un <span class=\"_ _5\"></span>processo che <span class=\"_ _5\"></span>consente di <span class=\"_ _5\"></span>individuare obiettivi, strategie </div><div class=\"t m0 x23 h3 y5a3 ff1 fs1 fc1 sc0 ls0 ws0\">e <span class=\"_ _7\"></span>responsabilit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _5\"></span>operazione <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>essere. <span class=\"_ _5\"></span>I <span class=\"_ _7\"></span>contratti, <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>natura <span class=\"_ _5\"></span>finanziaria <span class=\"_ _5\"></span>sia <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>natura <span class=\"_ _7\"></span>fisica, <span class=\"_ _5\"></span>vengono </div><div class=\"t m0 x23 h3 y1de8 ff1 fs1 fc1 sc0 ls0 ws0\">classificati nei portaf<span class=\"_ _3\"></span>ogli co<span class=\"_ _5\"></span>mmerci<span class=\"_ _3\"></span>ale e di trading in base a<span class=\"_ _3\"></span>lla finalit\u00e0 dei contra<span class=\"_ _3\"></span>tti stessi. <span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h43 y1de9 ff5 fs1 fc1 sc0 ls0 ws0\">Il <span class=\"_ _d\"> </span>modello <span class=\"_ _d\"> </span>organizzativo <span class=\"_ _d\"> </span>interno <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"> </span>consente <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>identificare <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>natura <span class=\"_ _d\"> </span>dell\u2019operazione <span class=\"_ _e\"> </span>(commerciale <span class=\"_ _d\"> </span>o <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i </div><div class=\"t m0 x23 h43 y1261 ff5 fs1 fc1 sc0 ls0 ws0\">trading) <span class=\"_ _5\"></span>gi\u00e0 a<span class=\"_ _5\"></span>ll\u2019inception del <span class=\"_ _5\"></span>contratto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>produrre <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>set <span class=\"_ _5\"></span>informativo adeguato <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>un\u2019identificazione for<span class=\"_ _5\"></span>male della <span class=\"_ _5\"></span>finalit\u00e0 </div><div class=\"t m0 x23 h3 y1c9b ff1 fs1 fc1 sc0 ls0 ws0\">dello strumento derivat<span class=\"_ _3\"></span>o.  </div><div class=\"t m0 x23 h3 y1d3e ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _7\"></span>gestione <span class=\"_ _5\"></span>centralizzata <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>perazioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>hedging <span class=\"_ _7\"></span>consente <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>realizzare <span class=\"_ _5\"></span>ogni <span class=\"_ _7\"></span>possibil<span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>sinergia <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>coperture </div><div class=\"t m0 x23 h43 y1dea ff5 fs1 fc1 sc0 ls0 ws0\">dei fabbisogni di <span class=\"_ _5\"></span>energia elettrica e gas, \u00e8 <span class=\"_ _5\"></span>integrata con operazioni su tassi d<span class=\"_ _5\"></span>i cambio e s<span class=\"_ _5\"></span>i realizza mediante l\u2019utilizzo </div><div class=\"t m0 x23 h3 y14e4 ff1 fs1 fc1 sc0 ls0 ws0\">esclusivo di contratti sw<span class=\"_ _3\"></span>ap o altri derivati auto<span class=\"_ _3\"></span>rizzati. <span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h43 y14e5 ff5 fs1 fc1 sc0 ls0 ws0\">Tutte <span class=\"_ _6\"> </span>le <span class=\"_ _e\"> </span>restanti <span class=\"_ _6\"></span>fattispecie <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>strumenti <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>o <span class=\"_ _e\"> </span>assimilabili <span class=\"_ _6\"></span>che <span class=\"_ _6\"> </span>non <span class=\"_ _e\"> </span>hanno <span class=\"_ _6\"></span>l\u2019obiettivo <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>c<span class=\"_ _5\"></span>oprire <span class=\"_ _6\"></span>i <span class=\"_ _e\"> </span>fabbisogni <span class=\"_ _6\"></span>del </div><div class=\"t m0 x23 h3 yb47 ff5 fs1 fc1 sc0 ls0 ws0\">Gruppo sono classifica<span class=\"_ _3\"></span>te all\u2019interno del portaf<span class=\"_ _3\"></span>oglio di trading.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y1016 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y3a ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"ff8 fsa fc2\"> </span></div></div>Derivati su t<span class=\"_ _3\"></span>assi Gl<span class=\"ls0\">i <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>periodo <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>finanziari der<span class=\"_ _5\"></span>ivati su<span class=\"_ _5\"></span> tassi <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>cam<span class=\"_ _5\"></span>bi, <span class=\"_ _5\"></span>confrontati <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019esercizio</span> <span class=\"_ _5\"></span>precedente, <span class=\"_ _5\"></span>sono </span>riportati di seguito: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>TIPOLOGIA GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Cash flow hedge<span class=\"_ _3\"></span> 2 - - \u2010<span class=\"ff12\"> </span>5,9 mln 0,3 \u2010<span class=\"ff12\"> </span>Fair value hedge<span class=\"_ _3\"></span> 2 - \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>149,8 mln 0,9 21,6 Totale fair value<span class=\"_ _3\"></span> - \u2010<span class=\"ff2 sc0\"> </span>1,2 21,6 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>TIPOLOGIA GERARCHIA FAIR VALUE PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Cash flow hedge<span class=\"_ _3\"></span> 2 0,3 \u2010<span class=\"ff12\"> </span>0,3 0,2 \u2010<span class=\"ff12\"> </span>0,2 Fair value hedge<span class=\"_ _3\"></span> 2 26,3 (8,1) 18,2 4,9 (23,8) (18,9) Totale proventi<span class=\"_ _3\"></span> (oneri) 26,6 (8,1) 18,5 5,1 (23,8) (18,7) La <span class=\"_ _7\"></span>variazione <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>derivati <span class=\"_ _6\"></span>desig<span class=\"_ _3\"></span>nati <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>coperture <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lussi <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inanziari<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>attribuire <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>conclusione dei <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>conseguente <span class=\"_ _5\"></span>azzeramento <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>nozionale di <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ferimento. <span class=\"_ _5\"></span>L<span class=\"ff5\">\u2019effetto <span class=\"_ _5\"></span>sul </span>conto economico com<span class=\"_ _3\"></span>plessivo <span class=\"ff5\">dell\u2019esercizio 202</span>4 <span class=\"ls10\">\u00e8 </span>pari <span class=\"_ _3\"></span>a un onere di <span class=\"ls10\">0,</span>3 milioni<span class=\"_ _3\"></span> di euro. Nel corso dell\u2019esercizio sono andati in scadenza <span class=\"_ _5\"></span><span class=\"ff1\">i derivati designati come coperture dei rischi di tasso e c<span class=\"_ _5\"></span>ambio e del </span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valuta <span class=\"_ _5\"></span>(fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>hedge), n<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>forma <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Interest <span class=\"_ _5\"></span>rate swap <span class=\"_ _5\"></span>(<span class=\"_ _5\"></span>Irs) e <span class=\"_ _7\"></span>Cross c<span class=\"_ _5\"></span>urrency<span class=\"_ _3\"></span> swap <span class=\"_ _7\"></span>(Ccs), <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>quanto <span class=\"_ _7\"></span>correlati <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>prestito <span class=\"_ _7\"></span>obbligazionario <span class=\"_ _7\"></span>denominato <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>y<span class=\"_ _5\"></span>en <span class=\"_ _7\"></span>giapponesi<span class=\"_ _5\"></span>, <span class=\"_ _7\"></span>rimborsato <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scadenza ad <span class=\"_ _5\"></span>agosto <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>024, <span class=\"_ _5\"></span>avente <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>nozionale <span class=\"_ _7\"></span>residuo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>20 <span class=\"_ _7\"></span>miliardi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>yen <span class=\"_ _7\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>149,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>(convertito <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _7\"></span>di cambio originario <span class=\"_ _3\"></span>oggetto di copertura).<span class=\"_ _75\"> </span>La <span class=\"_ _6\"></span>rip<span class=\"_ _3\"></span>artizione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>roventi <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>oneri <span class=\"_ _6\"></span>riferiti <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>derivati <span class=\"_ _7\"></span>classificati <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>edge <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>elative <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>assivit\u00e0 <span class=\"_ _7\"></span>sottostanti, rettificate per gli utili <span class=\"_ _3\"></span>e le perdite attribuibi<span class=\"_ _3\"></span>li al rischio coperto,<span class=\"_ _5\"></span> \u00e8 riportata di segu<span class=\"_ _3\"></span>ito: COPERTURE FAIR V<span class=\"_ _3\"></span>ALUE HEDGE 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione deri<span class=\"_ _3\"></span>vati 21,6 (0,6) 21,0 \u2010<span class=\"ff12\"> </span>(14,6) (14,6) Accrued interest \u2010<span class=\"ff4\"> </span>(0,4) (0,4) 0,5 (0,7) (0,2) Cash flow realizzati<span class=\"_ _3\"></span> 4,7 (7,1) (2,4) 4,4 (8,5) (4,1) Effetto economi<span class=\"_ _3\"></span>co derivati  fair value hedge<span class=\"_ _3\"></span> 26,3 (8,1) 18,2 4,9 (23,8) (18,9) SOTTOSTANTI <span class=\"_ _3\"></span>COPERTI 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione pas<span class=\"_ _3\"></span>sivit\u00e0 finanziarie \u2010<span class=\"ff12\"> </span>(21,2) (21,2) 15,6 \u2010<span class=\"ff12\"> </span>15,6<span class=\"_ _75\"> </span>Derivati su co<span class=\"_ _3\"></span>mmodity Portafoglio com<span class=\"_ _3\"></span>merciale Il <span class=\"_ _e\"> </span><span class=\"ls0\">portafoglio <span class=\"_ _d\"> </span>commerciale <span class=\"_ _e\"></span>accoglie <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>erivati <span class=\"_ _e\"></span>o <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>quiparabili, <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>natura <span class=\"_ _d\"> </span>finanziaria <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>fisica, <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>u <span class=\"_ _e\"> </span>commodity, </span>sottoscritti <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>opertura <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>disallineamenti <span class=\"_ _e\"> </span>tra <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>formule <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>cquisto <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>vendita, <span class=\"_ _d\"> </span>che <span class=\"_ _e\"></span>possono <span class=\"_ _e\"> </span>essere <span class=\"_ _d\"> </span>distinti <span class=\"_ _e\"></span>nelle<span class=\"_ _7\"></span> seguenti classi: Gestione operativ<span class=\"_ _3\"></span>a TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Formule gas 3 14.977.245 MWh 136,5 13.984.372 MWh 210,0 Formule energia elett<span class=\"_ _3\"></span>rica 2 1.646.775 MWh 24,2 2.690.293 MWh 199,2 Altre commodities 3 \u2010<span class=\"ff4\"> </span>7.649 Ton 0,3 Cambi 2 24.328.000 Usd 0,4 935.000 Usd 0,0 Formule gas 3 15.545.353 MWh 143,6 13.108.766 MWh 189,2 Formule energia el<span class=\"_ _3\"></span>ettrica 2 1.450.939 MWh 17,1 3.186.649 MWh 147,4 Altre commodities 3 7.284  Ton 0,2 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Cambi 2 \u2010<span class=\"ff4\"> </span>19.620.000 Usd 0,3 Totale fair value<span class=\"_ _3\"></span> 161,1 160,9 409,5 336,9 \u2010<span class=\"ff2 sc0\"> </span>I <span class=\"_ _5\"></span>principiali <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>tali <span class=\"_ _5\"></span>contratti sono <span class=\"_ _5\"></span>quelli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>replicare <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>formule i<span class=\"_ _5\"></span>n <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>mercat<span class=\"_ _7\"></span>o <span class=\"_ _5\"></span>e coprire <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>eventuali <span class=\"_ _6\"></span>spread <span class=\"_ _6\"></span>tra <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>mercati <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>(tipicamente <span class=\"_ _6\"></span>Ttf <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>Psv)<span class=\"_ _5\"></span>. <span class=\"_ _e\"></span>Al <span class=\"_ _6\"></span><span class=\"ff5\">fine <span class=\"_ _e\"> </span>di <span class=\"_ _6\"></span>valutare <span class=\"_ _6\"> </span>l\u2019impatto <span class=\"_ _6\"> </span>che <span class=\"_ _e\"> </span>le </span>oscillazioni <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>prezzo <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>sottostante <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>anno <span class=\"_ _7\"></span>sui <span class=\"_ _7\"></span>derivati <span class=\"_ _6\"></span>fin<span class=\"_ _3\"></span>anziari <span class=\"_ _7\"></span>ascrivibili <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>portafoglio <span class=\"_ _7\"></span>commerciale, viene <span class=\"_ _d\"> </span>utilizzato <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>trumento <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>PaR <span class=\"_ _f\"> </span>(Profit <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>t <span class=\"_ _d\"> </span>Risk), <span class=\"_ _d\"> </span>ossia <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>variazione <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _d\"> </span>portafoglio <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>strumenti finanziari derivati ent<span class=\"_ _3\"></span>ro ipotesi di probabilit\u00e0<span class=\"_ _3\"></span> prestabilite per effett<span class=\"_ _3\"></span>o di uno spostamento <span class=\"_ _3\"></span>degli indici di mercato.<span class=\"_ _5\"></span> Il decremento del fai<span class=\"_ _3\"></span>r value rispetto all\u2019e<span class=\"_ _3\"></span>sercizio precedente<span class=\"_ _5\"></span><span class=\"ff1\"> risente princip<span class=\"_ _3\"></span>almente: </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">dell\u2019effetto <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>minori <span class=\"_ _5\"></span>nozionali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span><span class=\"ff1\">dei <span class=\"_ _5\"></span>minori <span class=\"_ _5\"></span>prezzi <span class=\"_ _5\"></span>medi <span class=\"_ _5\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>formule energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fine </span></span></span>periodo; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">dell\u2019effetto <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>negativo <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontratti <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>formule <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as<span class=\"_ _5\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>dice <span class=\"_ _7\"></span>Ttf,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>sottoscritti <span class=\"_ _7\"></span>nel </span></span></span>corso dell\u2019esercizi<span class=\"_ _3\"></span>o a prezzi medi inferiori <span class=\"_ _3\"></span>rispetto a quelli degli<span class=\"_ _3\"></span> anni precedenti. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>L\u2019effetto sul conto ec<span class=\"_ _3\"></span>onomico complessivo di q<span class=\"_ _3\"></span>uesti strumenti pu\u00f2 <span class=\"_ _3\"></span>essere cos\u00ec scomposto:<span class=\"_ _75\"> </span><div class=\"c w2b3 h8e gsa06\"><div class=\"t m0 x0 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">COPERTURE C<span class=\"_ _3\"></span>OMMODITY </div><div class=\"t m0 x0 h13 y2e8 ff2 fs3 fc2 sc0 ls0 ws0\">PORTAFOGLIO C<span class=\"_ _3\"></span>OMMERCIALE </div></div><div class=\"c w9d h8e gsa07\"><div class=\"t m0 x1a h13 y28 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w9d h8e gsa08\"><div class=\"t m0 x1a h13 y28 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2d0 h8e gsa09\"><div class=\"t m0 x182 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI </div><div class=\"t m0 xa5 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">POSITIVE </div></div><div class=\"c w9d h8e gsa0a\"><div class=\"t m0 x13 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI </div><div class=\"t m0 xa9 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">NEGATIVE </div></div><div class=\"c w2b5 h8e gsa0b\"><div class=\"t m0 xb2 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xe h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w2b6 h8e gsa0c\"><div class=\"t m0 x13 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI </div><div class=\"t m0 xb2 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">POSITIVE </div></div><div class=\"c w9d h8e gsa0d\"><div class=\"t m0 x13 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">COMPONENTI </div><div class=\"t m0 xa9 h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">NEGATIVE </div></div><div class=\"c w2b5 h8e gsa0e\"><div class=\"t m0 xb2 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">EFFETTO </div><div class=\"t m0 xe h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">NETTO </div></div><div class=\"c w2b3 h3c gsa0f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Variazione flussi fin<span class=\"_ _3\"></span>anziari attesi </div></div><div class=\"c w2b8 h3c gsa10\"><div class=\"t m0 xb1 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,2) </div></div><div class=\"c w2b9 h3c gsa11\"><div class=\"t m0 x8c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2b8 h3c gsa12\"><div class=\"t m0 xb1 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(1,2) </div></div><div class=\"c w2b9 h3c gsa13\"><div class=\"t m0 xa8 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">47,2 </div></div><div class=\"c w2b9 h3c gsa14\"><div class=\"t m0 x8c h335 y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff12\"> </span></div></div><div class=\"c w2d0 h3c gsa15\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">47,2 </div></div><div class=\"c w2b3 h5f gsa16\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Riserva trasferita a <span class=\"_ _3\"></span>conto </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">economico </div></div><div class=\"c w2b8 h5f gsa17\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">1.055,7 </div></div><div class=\"c w2b9 h5f gsa18\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(1.126,9) </div></div><div class=\"c w2b8 h5f gsa19\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(71,2) </div></div><div class=\"c w2b9 h5f gsa1a\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">2.036,1 </div></div><div class=\"c w2b9 h5f gsa1b\"><div class=\"t m0 xa2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(2.372,2) </div></div><div class=\"c w2d0 h5f gsa1c\"><div class=\"t m0 xe hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(336,1) </div></div><div class=\"c w2b3 h358 gsa1d\"><div class=\"t m0 x0 h13 y1cc9 ff2 fs3 fc1 sc0 ls0 ws0\">Effetto conto ec<span class=\"_ _3\"></span>onomico </div><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">complessivo deri<span class=\"_ _3\"></span>vati  </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">cash flow hedge<span class=\"_ _3\"></span> </div></div><div class=\"c w2b8 h358 gsa1e\"><div class=\"t m0 x16 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">1.054,5 </div></div><div class=\"c w2b9 h358 gsa1f\"><div class=\"t m0 xa2 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">(1.126,9) </div></div><div class=\"c w2b8 h358 gsa20\"><div class=\"t m0 x53 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">(72,4) </div></div><div class=\"c w2b9 h358 gsa21\"><div class=\"t m0 x16 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">2.083,3 </div></div><div class=\"c w2b9 h358 gsa22\"><div class=\"t m0 xa2 h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">(2.372,2) </div></div><div class=\"c w2d0 h358 gsa23\"><div class=\"t m0 xe h13 y6fe ff2 fs3 fcb sc0 ls0 ws0\">(288,9) </div></div><div class=\"c w2 h0 gsa24\"><div class=\"t m0 x23 h3 y263 ff1 fs1 fc1 sc0 ls0 ws0\">Le componenti iscritte a conto econom<span class=\"_ _3\"></span>ico complessivo ven<span class=\"_ _5\"></span>gono riversate a conto economico in corrisp<span class=\"_ _3\"></span>ondenza delle<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y264 ff1 fs1 fc1 sc0 ls0 ws0\">date di maturazione <span class=\"_ _3\"></span>delle corrispondenti p<span class=\"_ _3\"></span>osizioni coperte. </div><div class=\"t m0 x23 h3 y98 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1df7 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019effetto <span class=\"_ _6\"> </span>sul <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico <span class=\"_ _e\"> </span>d<span class=\"ff1\">el <span class=\"_ _e\"></span>realizzato <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>contratti <span class=\"_ _e\"></span>derivati <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>equiparabili, <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>natura <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>sica <span class=\"_ _6\"></span>o <span class=\"_ _e\"> </span>finanziaria, <span class=\"_ _f\"> </span><span class=\"lse\">pu\u00f2 </span></span></div><div class=\"t m0 x23 h3 y12fd ff1 fs1 fc1 sc0 ls0 ws0\">essere cos\u00ec scompost<span class=\"_ _3\"></span>o: </div><div class=\"t m0 x23 h3 y1df8 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1df9 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1dcd ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div>CONTRATTI FISICI <span class=\"_ _3\"></span>EQUIPARATI A DERIVATI CONTRATTI DERIVATI FINANZIARI EFFETTO COMPLESSIVO Ricavi di vendita 1.088,1 Proventi 38,8 1.126,9 Costi di acquisto<span class=\"_ _3\"></span> (1.059,7) Oneri 4,0 (1.055,7) Effetto da realiz<span class=\"_ _3\"></span>zazione derivati cash flow hedge<span class=\"_ _3\"></span> 28,4 42,8 71,2 Sensitivity analysis <span class=\"ff10\">\u2013</span> Port<span class=\"_ _3\"></span>afoglio commerciale Ipotizzando  un <span class=\"_ _4\"> </span>istantaneo <span class=\"_ _4\"> </span>incremento  di <span class=\"_ _10\"> </span>3<span class=\"lse\">0 <span class=\"_ _10\"> </span></span>euro/MWh  del  Ttf,<span class=\"_ _5\"></span>  con <span class=\"_ _10\"> </span>invaria<span class=\"_ _3\"></span>nza  della <span class=\"_ _10\"> </span>curva  Pun, <span class=\"_ _4\"> </span>il <span class=\"_ _4\"> </span>potenziale<span class=\"_ _5\"></span> incremento d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value degli <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>finanziari derivati <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>portafoglio c<span class=\"_ _5\"></span>ommerciale in <span class=\"_ _5\"></span>essere a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 d<span class=\"_ _5\"></span>icembre 202<span class=\"_ _7\"></span>4 ammonterebbe <span class=\"_ _10\"> </span>a <span class=\"_ _8\"> </span>circa <span class=\"_ _10\"> </span>3,4 <span class=\"_ _8\"> </span>mi<span class=\"_ _3\"></span>lioni <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>e<span class=\"_ _5\"></span>uro<span class=\"ff5\">. <span class=\"_ _10\"> </span>Contrariamente, <span class=\"_ _10\"> </span>ipotizzando <span class=\"_ _10\"> </span>un\u2019istantanea <span class=\"_ _10\"> </span>riduzione <span class=\"_ _10\"> </span>dello <span class=\"_ _8\"> </span>stesso </span>ammontare, il poten<span class=\"_ _3\"></span>ziale <span class=\"lse\">de<span class=\"_ _5\"></span></span>cremento di fair value<span class=\"_ _3\"></span> sarebbe pari a circa 3,4 milioni di euro. Ipotizzando <span class=\"_ _10\"> </span>un\u2019ista<span class=\"_ _3\"></span>ntanea <span class=\"_ _10\"> </span>traslazio<span class=\"_ _3\"></span>ne <span class=\"_ _10\"> </span><span class=\"ff1\">a<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>ialzo <span class=\"_ _4\"> </span>del<span class=\"_ _5\"></span>la <span class=\"_ _10\"> </span>curv<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>Pun <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _10\"> </span>30 <span class=\"_ _10\"> </span>euro/MWh,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>parit\u00e0 <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>prezzo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Ttf,<span class=\"_ _3\"></span> </span>l\u2019incremento <span class=\"_ _6\"> </span>potenziale <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _6\"> </span>degli <span class=\"_ _e\"> </span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _e\"> </span>derivati <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _6\"></span>commerciale <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>essere <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>31 dicembre <span class=\"_ _7\"></span>2024 <span class=\"_ _6\"></span>ammonterebbe <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>circa <span class=\"_ _6\"></span>2,2 <span class=\"_ _6\"></span><span class=\"ff5\">milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro. <span class=\"_ _6\"></span>Contrariam<span class=\"_ _3\"></span>ente, <span class=\"_ _6\"></span>ip<span class=\"_ _3\"></span>otizzando <span class=\"_ _7\"></span>un<span class=\"_ _5\"></span>\u2019istan<span class=\"_ _3\"></span>tanea <span class=\"_ _6\"></span>trasl<span class=\"_ _3\"></span>azione <span class=\"_ _e\"> </span><span class=\"ff1\">al </span></span>ribasso di 30 euro/MWh, il p<span class=\"_ _3\"></span>otenziale decrement<span class=\"_ _3\"></span>o di fair value sarebbe pari <span class=\"_ _3\"></span>a circa <span class=\"_ _5\"></span>2,2 milioni di euro. Nell\u2019ambito del<span class=\"ff1\"> modello organizzativo s<span class=\"_ _3\"></span>opra descritto, tali variazioni di fair value riguar<span class=\"_ _3\"></span>derebbero<span class=\"_ _7\"></span> gli strumenti derivat<span class=\"_ _3\"></span>i </span>classificati come hedg<span class=\"_ _3\"></span>e accounting e pertant<span class=\"_ _3\"></span>o si registrerebbe u<span class=\"_ _3\"></span>n\u2019opposta variazione d<span class=\"_ _3\"></span>el patrimonio netto.<span class=\"_ _75\"> </span>Portafoglio trading<span class=\"_ _3\"></span> Il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ortafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>equiparabili <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>hanno <span class=\"_ _5\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>coprire <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>fabbisogni <span class=\"_ _5\"></span>del Gruppo e sono sottosc<span class=\"_ _3\"></span>ritti con finalit\u00e0 speculative. Tali strumenti<span class=\"_ _3\"></span> possono essere distinti <span class=\"_ _3\"></span>nelle seguenti fattispec<span class=\"_ _3\"></span>ie:<span class=\"_ _5\"></span> Gestione operativ<span class=\"_ _3\"></span>a TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Formule energia el<span class=\"_ _3\"></span>ettrica 2 1.738.529 MWh 21,3 3.311.730 MWh 67,6 Formule energia el<span class=\"_ _3\"></span>ettrica 2 2.492.178 MWh 46,5 4.507.848 MWh 99,1 Totale fair value<span class=\"_ _3\"></span> 21,3 46,5 67,6 99,1 TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione deri<span class=\"_ _3\"></span>vati 120,2 (113,9) 6,3 170,1 (189,4) (19,3) Cash flow realizzati<span class=\"_ _3\"></span> 69,0 (50,1) 18,9 36,0 (59,1) (23,1) Effetto economi<span class=\"_ _3\"></span>co derivati 189,2 (164,0) 25,2 206,1 (248,5) (42,4) Al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutare<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l\u2019impatto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>oscillazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>prezzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercat<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>sottostante <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>sui <span class=\"_ _6\"> </span>derivati <span class=\"_ _6\"></span>ascrivibili <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> portafoglio di trading,<span class=\"_ _3\"></span> viene utilizzato lo strum<span class=\"_ _3\"></span>ento del VaR (Va<span class=\"_ _5\"></span>lue at Ri<span class=\"_ _3\"></span>sk), ossia la variazione neg<span class=\"_ _3\"></span>ativa del valore del portafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>entro <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>probabilit\u00e0 <span class=\"_ _5\"></span>prestabilite, <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>no <span class=\"_ _5\"></span>spostamento <span class=\"_ _7\"></span>avverso <span class=\"_ _7\"></span>degli indici di mercato.<span class=\"_ _75\"> </span>Il <span class=\"_ _6\"></span>decremento <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>allo <span class=\"_ _6\"></span>scorso <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>sercizio <span class=\"_ _6\"></span>risent<span class=\"_ _3\"></span>e <span class=\"_ _6\"> </span>dell\u2019effetto <span class=\"_ _d\"> </span><span class=\"ff1\">sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>nozionali <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori </span>prezzi medi dei contrat<span class=\"_ _3\"></span>ti in essere a fine period<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span>L\u2019effetto <span class=\"_ _5\"></span>sul conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span><span class=\"ff1\">degli <span class=\"_ _5\"></span>scambi <span class=\"_ _5\"></span>realizzati <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>contratti derivati <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>equiparabili, di <span class=\"_ _5\"></span>natura <span class=\"_ _5\"></span>fisica o<span class=\"_ _5\"></span> finanziaria, </span>pu\u00f2 essere cos\u00ec scom<span class=\"_ _3\"></span>posto: CONTRATTI EQ<span class=\"_ _3\"></span>UIPARATI A DERIVATI CONTRATTI DERIVATI FINANZIARI EFFETTO COMPLESSIVO Ricavi di vendita 47,9 Proventi 21,1 69,0 Costi di acquisto (10,7) Oneri (39,4) (50,1) Effetto da realiz<span class=\"_ _3\"></span>zazione derivati  37,2 (18,3) 18,9 Sensitivity analysis <span class=\"ff10\">\u2013</span> Portafo<span class=\"_ _3\"></span>glio trading Ipotizzando <span class=\"_ _10\"> </span>un\u2019ista<span class=\"_ _3\"></span>ntanea <span class=\"_ _10\"> </span>traslazio<span class=\"_ _3\"></span>ne<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>ialzo <span class=\"_ _10\"> </span>della <span class=\"_ _4\"> </span>curva <span class=\"_ _10\"> </span>Pun <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _10\"> </span>30 <span class=\"_ _10\"> </span>euro/MWh, <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>parit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>prezzo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Ttf, </span>l\u2019incremento <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>ir <span class=\"_ _5\"></span>value <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>portafoglio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _6\"></span><span class=\"ff1\">4 </span>ammonterebbe <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>circa <span class=\"_ _d\"> </span>3,7 <span class=\"_ _e\"></span><span class=\"ff5\">milioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"> </span>euro. <span class=\"_ _e\"> </span>Contrariamente, <span class=\"_ _e\"> </span>ipotizzando <span class=\"_ _6\"> </span>un\u2019istantanea <span class=\"_ _e\"> </span>traslazione <span class=\"_ _d\"> </span></span>al <span class=\"_ _e\"></span>ribasso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>3<span class=\"lse\">0 </span>euro/MWh, il potenzial<span class=\"_ _3\"></span>e decremento di fair v<span class=\"_ _3\"></span>alue sarebbe pari a <span class=\"_ _3\"></span>circa <span class=\"_ _5\"></span>3,7 milioni di euro.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "La <span class=\"_ _7\"></span>variazione <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>derivati <span class=\"_ _6\"></span>desig<span class=\"_ _3\"></span>nati <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>coperture <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>lussi <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>inanziari<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>attribuire <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>conclusione dei <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>conseguente <span class=\"_ _5\"></span>azzeramento <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>nozionale di <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>ferimento. <span class=\"_ _5\"></span>L<span class=\"ff5\">\u2019effetto <span class=\"_ _5\"></span>sul </span>conto economico com<span class=\"_ _3\"></span>plessivo <span class=\"ff5\">dell\u2019esercizio 202</span>4 <span class=\"ls10\">\u00e8 </span>pari <span class=\"_ _3\"></span>a un onere di <span class=\"ls10\">0,</span>3 milioni<span class=\"_ _3\"></span> di euro. Nel corso dell\u2019esercizio sono andati in scadenza <span class=\"_ _5\"></span><span class=\"ff1\">i derivati designati come coperture dei rischi di tasso e c<span class=\"_ _5\"></span>ambio e del </span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valuta <span class=\"_ _5\"></span>(fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>hedge), n<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>forma <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Interest <span class=\"_ _5\"></span>rate swap <span class=\"_ _5\"></span>(<span class=\"_ _5\"></span>Irs) e <span class=\"_ _7\"></span>Cross c<span class=\"_ _5\"></span>urrency<span class=\"_ _3\"></span> swap <span class=\"_ _7\"></span>(Ccs), <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>quanto <span class=\"_ _7\"></span>correlati <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>prestito <span class=\"_ _7\"></span>obbligazionario <span class=\"_ _7\"></span>denominato <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>y<span class=\"_ _5\"></span>en <span class=\"_ _7\"></span>giapponesi<span class=\"_ _5\"></span>, <span class=\"_ _7\"></span>rimborsato <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>scadenza ad <span class=\"_ _5\"></span>agosto <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>024, <span class=\"_ _5\"></span>avente <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>nozionale <span class=\"_ _7\"></span>residuo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>20 <span class=\"_ _7\"></span>miliardi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>yen <span class=\"_ _7\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>149,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>(convertito <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _7\"></span>di cambio originario <span class=\"_ _3\"></span>oggetto di copertura).<span class=\"_ _75\"> </span>La <span class=\"_ _6\"></span>rip<span class=\"_ _3\"></span>artizione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>roventi <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>oneri <span class=\"_ _6\"></span>riferiti <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>derivati <span class=\"_ _7\"></span>classificati <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>edge <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>elative <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>assivit\u00e0 <span class=\"_ _7\"></span>sottostanti, rettificate per gli utili <span class=\"_ _3\"></span>e le perdite attribuibi<span class=\"_ _3\"></span>li al rischio coperto,<span class=\"_ _5\"></span> \u00e8 riportata di segu<span class=\"_ _3\"></span>ito: COPERTURE FAIR V<span class=\"_ _3\"></span>ALUE HEDGE 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione deri<span class=\"_ _3\"></span>vati 21,6 (0,6) 21,0 \u2010<span class=\"ff12\"> </span>(14,6) (14,6) Accrued interest \u2010<span class=\"ff4\"> </span>(0,4) (0,4) 0,5 (0,7) (0,2) Cash flow realizzati<span class=\"_ _3\"></span> 4,7 (7,1) (2,4) 4,4 (8,5) (4,1) Effetto economi<span class=\"_ _3\"></span>co derivati  fair value hedge<span class=\"_ _3\"></span> 26,3 (8,1) 18,2 4,9 (23,8) (18,9) SOTTOSTANTI <span class=\"_ _3\"></span>COPERTI 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione pas<span class=\"_ _3\"></span>sivit\u00e0 finanziarie \u2010<span class=\"ff12\"> </span>(21,2) (21,2) 15,6 \u2010<span class=\"ff12\"> </span>15,6<span class=\"_ _75\"> </span> Portafoglio com<span class=\"_ _3\"></span>merciale Il <span class=\"_ _e\"> </span><span class=\"ls0\">portafoglio <span class=\"_ _d\"> </span>commerciale <span class=\"_ _e\"></span>accoglie <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>erivati <span class=\"_ _e\"></span>o <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>quiparabili, <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>natura <span class=\"_ _d\"> </span>finanziaria <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>fisica, <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>u <span class=\"_ _e\"> </span>commodity, </span>sottoscritti <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>opertura <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>disallineamenti <span class=\"_ _e\"> </span>tra <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>formule <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>cquisto <span class=\"_ _e\"></span>e <span class=\"_ _e\"> </span>vendita, <span class=\"_ _d\"> </span>che <span class=\"_ _e\"></span>possono <span class=\"_ _e\"> </span>essere <span class=\"_ _d\"> </span>distinti <span class=\"_ _e\"></span>nelle<span class=\"_ _7\"></span> seguenti classi: Gestione operativ<span class=\"_ _3\"></span>a TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Formule gas 3 14.977.245 MWh 136,5 13.984.372 MWh 210,0 Formule energia elett<span class=\"_ _3\"></span>rica 2 1.646.775 MWh 24,2 2.690.293 MWh 199,2 Altre commodities 3 \u2010<span class=\"ff4\"> </span>7.649 Ton 0,3 Cambi 2 24.328.000 Usd 0,4 935.000 Usd 0,0 Formule gas 3 15.545.353 MWh 143,6 13.108.766 MWh 189,2 Formule energia el<span class=\"_ _3\"></span>ettrica 2 1.450.939 MWh 17,1 3.186.649 MWh 147,4 Altre commodities 3 7.284  Ton 0,2 \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>Cambi 2 \u2010<span class=\"ff4\"> </span>19.620.000 Usd 0,3 Totale fair value<span class=\"_ _3\"></span> 161,1 160,9 409,5 336,9 \u2010<span class=\"ff2 sc0\"> </span>I <span class=\"_ _5\"></span>principiali <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>tali <span class=\"_ _5\"></span>contratti sono <span class=\"_ _5\"></span>quelli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>replicare <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>formule i<span class=\"_ _5\"></span>n <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>mercat<span class=\"_ _7\"></span>o <span class=\"_ _5\"></span>e coprire <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>eventuali <span class=\"_ _6\"></span>spread <span class=\"_ _6\"></span>tra <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>mercati <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>(tipicamente <span class=\"_ _6\"></span>Ttf <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>Psv)<span class=\"_ _5\"></span>. <span class=\"_ _e\"></span>Al <span class=\"_ _6\"></span><span class=\"ff5\">fine <span class=\"_ _e\"> </span>di <span class=\"_ _6\"></span>valutare <span class=\"_ _6\"> </span>l\u2019impatto <span class=\"_ _6\"> </span>che <span class=\"_ _e\"> </span>le </span>oscillazioni <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>prezzo <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>mercato <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>sottostante <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>anno <span class=\"_ _7\"></span>sui <span class=\"_ _7\"></span>derivati <span class=\"_ _6\"></span>fin<span class=\"_ _3\"></span>anziari <span class=\"_ _7\"></span>ascrivibili <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>portafoglio <span class=\"_ _7\"></span>commerciale, viene <span class=\"_ _d\"> </span>utilizzato <span class=\"_ _d\"> </span>lo <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>trumento <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>PaR <span class=\"_ _f\"> </span>(Profit <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>t <span class=\"_ _d\"> </span>Risk), <span class=\"_ _d\"> </span>ossia <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>variazione <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _d\"> </span>portafoglio <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>strumenti finanziari derivati ent<span class=\"_ _3\"></span>ro ipotesi di probabilit\u00e0<span class=\"_ _3\"></span> prestabilite per effett<span class=\"_ _3\"></span>o di uno spostamento <span class=\"_ _3\"></span>degli indici di mercato.<span class=\"_ _5\"></span> Il decremento del fai<span class=\"_ _3\"></span>r value rispetto all\u2019e<span class=\"_ _3\"></span>sercizio precedente<span class=\"_ _5\"></span><span class=\"ff1\"> risente princip<span class=\"_ _3\"></span>almente: </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">dell\u2019effetto <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>minori <span class=\"_ _5\"></span>nozionali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span><span class=\"ff1\">dei <span class=\"_ _5\"></span>minori <span class=\"_ _5\"></span>prezzi <span class=\"_ _5\"></span>medi <span class=\"_ _5\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>formule energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fine </span></span></span>periodo; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">dell\u2019effetto <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>alue <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>negativo <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontratti <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>formule <span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>as<span class=\"_ _5\"></span><span class=\"ff1\">, <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>in<span class=\"_ _3\"></span>dice <span class=\"_ _7\"></span>Ttf,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>sottoscritti <span class=\"_ _7\"></span>nel </span></span></span>corso dell\u2019esercizi<span class=\"_ _3\"></span>o a prezzi medi inferiori <span class=\"_ _3\"></span>rispetto a quelli degli<span class=\"_ _3\"></span> anni precedenti. <span class=\"_ _5\"></span><span class=\"ff1\"> </span>L\u2019effetto sul conto ec<span class=\"_ _3\"></span>onomico complessivo di q<span class=\"_ _3\"></span>uesti strumenti pu\u00f2 <span class=\"_ _3\"></span>essere cos\u00ec scomposto:<span class=\"_ _75\"> </span>COPERTURE C<span class=\"_ _3\"></span>OMMODITY PORTAFOGLIO C<span class=\"_ _3\"></span>OMMERCIALE 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>COMPONENTI POSITIVE COMPONENTI NEGATIVE EFFETTO NETTO COMPONENTI POSITIVE COMPONENTI NEGATIVE EFFETTO NETTO Variazione flussi fin<span class=\"_ _3\"></span>anziari attesi (1,2) \u2010<span class=\"ff12\"> </span>(1,2) 47,2 \u2010<span class=\"ff12\"> </span>47,2 Riserva trasferita a <span class=\"_ _3\"></span>conto economico 1.055,7 (1.126,9) (71,2) 2.036,1 (2.372,2) (336,1) Effetto conto ec<span class=\"_ _3\"></span>onomico complessivo deri<span class=\"_ _3\"></span>vati  cash flow hedge<span class=\"_ _3\"></span> 1.054,5 (1.126,9) (72,4) 2.083,3 (2.372,2) (288,9) Le componenti iscritte a conto econom<span class=\"_ _3\"></span>ico complessivo ven<span class=\"_ _5\"></span>gono riversate a conto economico in corrisp<span class=\"_ _3\"></span>ondenza delle<span class=\"_ _3\"></span> date di maturazione <span class=\"_ _3\"></span>delle corrispondenti p<span class=\"_ _3\"></span>osizioni coperte. L\u2019effetto <span class=\"_ _6\"> </span>sul <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico <span class=\"_ _e\"> </span>d<span class=\"ff1\">el <span class=\"_ _e\"></span>realizzato <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ei <span class=\"_ _6\"></span>contratti <span class=\"_ _e\"></span>derivati <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>equiparabili, <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>natura <span class=\"_ _6\"></span>fi<span class=\"_ _5\"></span>sica <span class=\"_ _6\"></span>o <span class=\"_ _e\"> </span>finanziaria, <span class=\"_ _f\"> </span><span class=\"lse\">pu\u00f2 </span></span>essere cos\u00ec scompost<span class=\"_ _3\"></span>o: CONTRATTI FISICI <span class=\"_ _3\"></span>EQUIPARATI A DERIVATI CONTRATTI DERIVATI FINANZIARI EFFETTO COMPLESSIVO Ricavi di vendita 1.088,1 Proventi 38,8 1.126,9 Costi di acquisto<span class=\"_ _3\"></span> (1.059,7) Oneri 4,0 (1.055,7) Effetto da realiz<span class=\"_ _3\"></span>zazione derivati cash flow hedge<span class=\"_ _3\"></span> 28,4 42,8 71,2 Sensitivity analysis <span class=\"ff10\">\u2013</span> Port<span class=\"_ _3\"></span>afoglio commerciale Ipotizzando  un <span class=\"_ _4\"> </span>istantaneo <span class=\"_ _4\"> </span>incremento  di <span class=\"_ _10\"> </span>3<span class=\"lse\">0 <span class=\"_ _10\"> </span></span>euro/MWh  del  Ttf,<span class=\"_ _5\"></span>  con <span class=\"_ _10\"> </span>invaria<span class=\"_ _3\"></span>nza  della <span class=\"_ _10\"> </span>curva  Pun, <span class=\"_ _4\"> </span>il <span class=\"_ _4\"> </span>potenziale<span class=\"_ _5\"></span> incremento d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value degli <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>finanziari derivati <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>portafoglio c<span class=\"_ _5\"></span>ommerciale in <span class=\"_ _5\"></span>essere a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 d<span class=\"_ _5\"></span>icembre 202<span class=\"_ _7\"></span>4 ammonterebbe <span class=\"_ _10\"> </span>a <span class=\"_ _8\"> </span>circa <span class=\"_ _10\"> </span>3,4 <span class=\"_ _8\"> </span>mi<span class=\"_ _3\"></span>lioni <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>e<span class=\"_ _5\"></span>uro<span class=\"ff5\">. <span class=\"_ _10\"> </span>Contrariamente, <span class=\"_ _10\"> </span>ipotizzando <span class=\"_ _10\"> </span>un\u2019istantanea <span class=\"_ _10\"> </span>riduzione <span class=\"_ _10\"> </span>dello <span class=\"_ _8\"> </span>stesso </span>ammontare, il poten<span class=\"_ _3\"></span>ziale <span class=\"lse\">de<span class=\"_ _5\"></span></span>cremento di fair value<span class=\"_ _3\"></span> sarebbe pari a circa 3,4 milioni di euro. Ipotizzando <span class=\"_ _10\"> </span>un\u2019ista<span class=\"_ _3\"></span>ntanea <span class=\"_ _10\"> </span>traslazio<span class=\"_ _3\"></span>ne <span class=\"_ _10\"> </span><span class=\"ff1\">a<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>ialzo <span class=\"_ _4\"> </span>del<span class=\"_ _5\"></span>la <span class=\"_ _10\"> </span>curv<span class=\"_ _3\"></span>a <span class=\"_ _10\"> </span>Pun <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _10\"> </span>30 <span class=\"_ _10\"> </span>euro/MWh,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _10\"> </span>parit\u00e0 <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>prezzo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Ttf,<span class=\"_ _3\"></span> </span>l\u2019incremento <span class=\"_ _6\"> </span>potenziale <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _6\"> </span>degli <span class=\"_ _e\"> </span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _e\"> </span>derivati <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _6\"></span>commerciale <span class=\"_ _6\"></span>in <span class=\"_ _e\"> </span>essere <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>31 dicembre <span class=\"_ _7\"></span>2024 <span class=\"_ _6\"></span>ammonterebbe <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>circa <span class=\"_ _6\"></span>2,2 <span class=\"_ _6\"></span><span class=\"ff5\">milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro. <span class=\"_ _6\"></span>Contrariam<span class=\"_ _3\"></span>ente, <span class=\"_ _6\"></span>ip<span class=\"_ _3\"></span>otizzando <span class=\"_ _7\"></span>un<span class=\"_ _5\"></span>\u2019istan<span class=\"_ _3\"></span>tanea <span class=\"_ _6\"></span>trasl<span class=\"_ _3\"></span>azione <span class=\"_ _e\"> </span><span class=\"ff1\">al </span></span>ribasso di 30 euro/MWh, il p<span class=\"_ _3\"></span>otenziale decrement<span class=\"_ _3\"></span>o di fair value sarebbe pari <span class=\"_ _3\"></span>a circa <span class=\"_ _5\"></span>2,2 milioni di euro. Nell\u2019ambito del<span class=\"ff1\"> modello organizzativo s<span class=\"_ _3\"></span>opra descritto, tali variazioni di fair value riguar<span class=\"_ _3\"></span>derebbero<span class=\"_ _7\"></span> gli strumenti derivat<span class=\"_ _3\"></span>i </span>classificati come hedg<span class=\"_ _3\"></span>e accounting e pertant<span class=\"_ _3\"></span>o si registrerebbe u<span class=\"_ _3\"></span>n\u2019opposta variazione d<span class=\"_ _3\"></span>el patrimonio netto.<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "Portafoglio trading<span class=\"_ _3\"></span> Il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ortafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>equiparabili <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>hanno <span class=\"_ _5\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>coprire <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>fabbisogni <span class=\"_ _5\"></span>del Gruppo e sono sottosc<span class=\"_ _3\"></span>ritti con finalit\u00e0 speculative. Tali strumenti<span class=\"_ _3\"></span> possono essere distinti <span class=\"_ _3\"></span>nelle seguenti fattispec<span class=\"_ _3\"></span>ie:<span class=\"_ _5\"></span> Gestione operativ<span class=\"_ _3\"></span>a TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Formule energia el<span class=\"_ _3\"></span>ettrica 2 1.738.529 MWh 21,3 3.311.730 MWh 67,6 Formule energia el<span class=\"_ _3\"></span>ettrica 2 2.492.178 MWh 46,5 4.507.848 MWh 99,1 Totale fair value<span class=\"_ _3\"></span> 21,3 46,5 67,6 99,1 TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione deri<span class=\"_ _3\"></span>vati 120,2 (113,9) 6,3 170,1 (189,4) (19,3) Cash flow realizzati<span class=\"_ _3\"></span> 69,0 (50,1) 18,9 36,0 (59,1) (23,1) Effetto economi<span class=\"_ _3\"></span>co derivati 189,2 (164,0) 25,2 206,1 (248,5) (42,4) Al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutare<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l\u2019impatto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>oscillazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>prezzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercat<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>sottostante <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>sui <span class=\"_ _6\"> </span>derivati <span class=\"_ _6\"></span>ascrivibili <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> portafoglio di trading,<span class=\"_ _3\"></span> viene utilizzato lo strum<span class=\"_ _3\"></span>ento del VaR (Va<span class=\"_ _5\"></span>lue at Ri<span class=\"_ _3\"></span>sk), ossia la variazione neg<span class=\"_ _3\"></span>ativa del valore del portafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>entro <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>probabilit\u00e0 <span class=\"_ _5\"></span>prestabilite, <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>no <span class=\"_ _5\"></span>spostamento <span class=\"_ _7\"></span>avverso <span class=\"_ _7\"></span>degli indici di mercato.<span class=\"_ _75\"> </span>Il <span class=\"_ _6\"></span>decremento <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>allo <span class=\"_ _6\"></span>scorso <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>sercizio <span class=\"_ _6\"></span>risent<span class=\"_ _3\"></span>e <span class=\"_ _6\"> </span>dell\u2019effetto <span class=\"_ _d\"> </span><span class=\"ff1\">sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>nozionali <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori </span>prezzi medi dei contrat<span class=\"_ _3\"></span>ti in essere a fine period<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span>L\u2019effetto <span class=\"_ _5\"></span>sul conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span><span class=\"ff1\">degli <span class=\"_ _5\"></span>scambi <span class=\"_ _5\"></span>realizzati <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>contratti derivati <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>equiparabili, di <span class=\"_ _5\"></span>natura <span class=\"_ _5\"></span>fisica o<span class=\"_ _5\"></span> finanziaria, </span>pu\u00f2 essere cos\u00ec scom<span class=\"_ _3\"></span>posto: CONTRATTI EQ<span class=\"_ _3\"></span>UIPARATI A DERIVATI CONTRATTI DERIVATI FINANZIARI EFFETTO COMPLESSIVO Ricavi di vendita 47,9 Proventi 21,1 69,0 Costi di acquisto (10,7) Oneri (39,4) (50,1) Effetto da realiz<span class=\"_ _3\"></span>zazione derivati  37,2 (18,3) 18,9 Sensitivity analysis <span class=\"ff10\">\u2013</span> Portafo<span class=\"_ _3\"></span>glio trading Ipotizzando <span class=\"_ _10\"> </span>un\u2019ista<span class=\"_ _3\"></span>ntanea <span class=\"_ _10\"> </span>traslazio<span class=\"_ _3\"></span>ne<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>ialzo <span class=\"_ _10\"> </span>della <span class=\"_ _4\"> </span>curva <span class=\"_ _10\"> </span>Pun <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _10\"> </span>30 <span class=\"_ _10\"> </span>euro/MWh, <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>parit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>prezzo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Ttf, </span>l\u2019incremento <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>ir <span class=\"_ _5\"></span>value <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>portafoglio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _6\"></span><span class=\"ff1\">4 </span>ammonterebbe <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>circa <span class=\"_ _d\"> </span>3,7 <span class=\"_ _e\"></span><span class=\"ff5\">milioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"> </span>euro. <span class=\"_ _e\"> </span>Contrariamente, <span class=\"_ _e\"> </span>ipotizzando <span class=\"_ _6\"> </span>un\u2019istantanea <span class=\"_ _e\"> </span>traslazione <span class=\"_ _d\"> </span></span>al <span class=\"_ _e\"></span>ribasso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>3<span class=\"lse\">0 </span>euro/MWh, il potenzial<span class=\"_ _3\"></span>e decremento di fair v<span class=\"_ _3\"></span>alue sarebbe pari a <span class=\"_ _3\"></span>circa <span class=\"_ _5\"></span>3,7 milioni di euro.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradingIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "Portafoglio trading<span class=\"_ _3\"></span> Il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ortafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>equiparabili <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>hanno <span class=\"_ _5\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>coprire <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>fabbisogni <span class=\"_ _5\"></span>del Gruppo e sono sottosc<span class=\"_ _3\"></span>ritti con finalit\u00e0 speculative. Tali strumenti<span class=\"_ _3\"></span> possono essere distinti <span class=\"_ _3\"></span>nelle seguenti fattispec<span class=\"_ _3\"></span>ie:<span class=\"_ _5\"></span> Gestione operativ<span class=\"_ _3\"></span>a TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Formule energia el<span class=\"_ _3\"></span>ettrica 2 1.738.529 MWh 21,3 3.311.730 MWh 67,6 Formule energia el<span class=\"_ _3\"></span>ettrica 2 2.492.178 MWh 46,5 4.507.848 MWh 99,1 Totale fair value<span class=\"_ _3\"></span> 21,3 46,5 67,6 99,1 TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione deri<span class=\"_ _3\"></span>vati 120,2 (113,9) 6,3 170,1 (189,4) (19,3) Cash flow realizzati<span class=\"_ _3\"></span> 69,0 (50,1) 18,9 36,0 (59,1) (23,1) Effetto economi<span class=\"_ _3\"></span>co derivati 189,2 (164,0) 25,2 206,1 (248,5) (42,4) Al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutare<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l\u2019impatto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>oscillazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>prezzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercat<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>sottostante <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>sui <span class=\"_ _6\"> </span>derivati <span class=\"_ _6\"></span>ascrivibili <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> portafoglio di trading,<span class=\"_ _3\"></span> viene utilizzato lo strum<span class=\"_ _3\"></span>ento del VaR (Va<span class=\"_ _5\"></span>lue at Ri<span class=\"_ _3\"></span>sk), ossia la variazione neg<span class=\"_ _3\"></span>ativa del valore del portafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>entro <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>probabilit\u00e0 <span class=\"_ _5\"></span>prestabilite, <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>no <span class=\"_ _5\"></span>spostamento <span class=\"_ _7\"></span>avverso <span class=\"_ _7\"></span>degli indici di mercato.<span class=\"_ _75\"> </span>Il <span class=\"_ _6\"></span>decremento <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>allo <span class=\"_ _6\"></span>scorso <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>sercizio <span class=\"_ _6\"></span>risent<span class=\"_ _3\"></span>e <span class=\"_ _6\"> </span>dell\u2019effetto <span class=\"_ _d\"> </span><span class=\"ff1\">sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>nozionali <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori </span>prezzi medi dei contrat<span class=\"_ _3\"></span>ti in essere a fine period<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span>L\u2019effetto <span class=\"_ _5\"></span>sul conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span><span class=\"ff1\">degli <span class=\"_ _5\"></span>scambi <span class=\"_ _5\"></span>realizzati <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>contratti derivati <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>equiparabili, di <span class=\"_ _5\"></span>natura <span class=\"_ _5\"></span>fisica o<span class=\"_ _5\"></span> finanziaria, </span>pu\u00f2 essere cos\u00ec scom<span class=\"_ _3\"></span>posto: CONTRATTI EQ<span class=\"_ _3\"></span>UIPARATI A DERIVATI CONTRATTI DERIVATI FINANZIARI EFFETTO COMPLESSIVO Ricavi di vendita 47,9 Proventi 21,1 69,0 Costi di acquisto (10,7) Oneri (39,4) (50,1) Effetto da realiz<span class=\"_ _3\"></span>zazione derivati  37,2 (18,3) 18,9 Sensitivity analysis <span class=\"ff10\">\u2013</span> Portafo<span class=\"_ _3\"></span>glio trading Ipotizzando <span class=\"_ _10\"> </span>un\u2019ista<span class=\"_ _3\"></span>ntanea <span class=\"_ _10\"> </span>traslazio<span class=\"_ _3\"></span>ne<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>ialzo <span class=\"_ _10\"> </span>della <span class=\"_ _4\"> </span>curva <span class=\"_ _10\"> </span>Pun <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _10\"> </span>30 <span class=\"_ _10\"> </span>euro/MWh, <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>parit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>prezzo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Ttf, </span>l\u2019incremento <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>ir <span class=\"_ _5\"></span>value <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>portafoglio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _6\"></span><span class=\"ff1\">4 </span>ammonterebbe <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>circa <span class=\"_ _d\"> </span>3,7 <span class=\"_ _e\"></span><span class=\"ff5\">milioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"> </span>euro. <span class=\"_ _e\"> </span>Contrariamente, <span class=\"_ _e\"> </span>ipotizzando <span class=\"_ _6\"> </span>un\u2019istantanea <span class=\"_ _e\"> </span>traslazione <span class=\"_ _d\"> </span></span>al <span class=\"_ _e\"></span>ribasso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>3<span class=\"lse\">0 </span>euro/MWh, il potenzial<span class=\"_ _3\"></span>e decremento di fair v<span class=\"_ _3\"></span>alue sarebbe pari a <span class=\"_ _3\"></span>circa <span class=\"_ _5\"></span>3,7 milioni di euro.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsHeldForTradingExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "Portafoglio trading<span class=\"_ _3\"></span> Il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ortafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>equiparabili <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>hanno <span class=\"_ _5\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>coprire <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>fabbisogni <span class=\"_ _5\"></span>del Gruppo e sono sottosc<span class=\"_ _3\"></span>ritti con finalit\u00e0 speculative. Tali strumenti<span class=\"_ _3\"></span> possono essere distinti <span class=\"_ _3\"></span>nelle seguenti fattispec<span class=\"_ _3\"></span>ie:<span class=\"_ _5\"></span> Gestione operativ<span class=\"_ _3\"></span>a TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Formule energia el<span class=\"_ _3\"></span>ettrica 2 1.738.529 MWh 21,3 3.311.730 MWh 67,6 Formule energia el<span class=\"_ _3\"></span>ettrica 2 2.492.178 MWh 46,5 4.507.848 MWh 99,1 Totale fair value<span class=\"_ _3\"></span> 21,3 46,5 67,6 99,1 TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione deri<span class=\"_ _3\"></span>vati 120,2 (113,9) 6,3 170,1 (189,4) (19,3) Cash flow realizzati<span class=\"_ _3\"></span> 69,0 (50,1) 18,9 36,0 (59,1) (23,1) Effetto economi<span class=\"_ _3\"></span>co derivati 189,2 (164,0) 25,2 206,1 (248,5) (42,4) Al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutare<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l\u2019impatto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>oscillazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>prezzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercat<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>sottostante <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>sui <span class=\"_ _6\"> </span>derivati <span class=\"_ _6\"></span>ascrivibili <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> portafoglio di trading,<span class=\"_ _3\"></span> viene utilizzato lo strum<span class=\"_ _3\"></span>ento del VaR (Va<span class=\"_ _5\"></span>lue at Ri<span class=\"_ _3\"></span>sk), ossia la variazione neg<span class=\"_ _3\"></span>ativa del valore del portafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>entro <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>probabilit\u00e0 <span class=\"_ _5\"></span>prestabilite, <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>no <span class=\"_ _5\"></span>spostamento <span class=\"_ _7\"></span>avverso <span class=\"_ _7\"></span>degli indici di mercato.<span class=\"_ _75\"> </span>Il <span class=\"_ _6\"></span>decremento <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>allo <span class=\"_ _6\"></span>scorso <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>sercizio <span class=\"_ _6\"></span>risent<span class=\"_ _3\"></span>e <span class=\"_ _6\"> </span>dell\u2019effetto <span class=\"_ _d\"> </span><span class=\"ff1\">sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>nozionali <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori </span>prezzi medi dei contrat<span class=\"_ _3\"></span>ti in essere a fine period<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span>L\u2019effetto <span class=\"_ _5\"></span>sul conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span><span class=\"ff1\">degli <span class=\"_ _5\"></span>scambi <span class=\"_ _5\"></span>realizzati <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>contratti derivati <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>equiparabili, di <span class=\"_ _5\"></span>natura <span class=\"_ _5\"></span>fisica o<span class=\"_ _5\"></span> finanziaria, </span>pu\u00f2 essere cos\u00ec scom<span class=\"_ _3\"></span>posto: CONTRATTI EQ<span class=\"_ _3\"></span>UIPARATI A DERIVATI CONTRATTI DERIVATI FINANZIARI EFFETTO COMPLESSIVO Ricavi di vendita 47,9 Proventi 21,1 69,0 Costi di acquisto (10,7) Oneri (39,4) (50,1) Effetto da realiz<span class=\"_ _3\"></span>zazione derivati  37,2 (18,3) 18,9 Sensitivity analysis <span class=\"ff10\">\u2013</span> Portafo<span class=\"_ _3\"></span>glio trading Ipotizzando <span class=\"_ _10\"> </span>un\u2019ista<span class=\"_ _3\"></span>ntanea <span class=\"_ _10\"> </span>traslazio<span class=\"_ _3\"></span>ne<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>ialzo <span class=\"_ _10\"> </span>della <span class=\"_ _4\"> </span>curva <span class=\"_ _10\"> </span>Pun <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _10\"> </span>30 <span class=\"_ _10\"> </span>euro/MWh, <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>parit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>prezzo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Ttf, </span>l\u2019incremento <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>ir <span class=\"_ _5\"></span>value <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>portafoglio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _6\"></span><span class=\"ff1\">4 </span>ammonterebbe <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>circa <span class=\"_ _d\"> </span>3,7 <span class=\"_ _e\"></span><span class=\"ff5\">milioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"> </span>euro. <span class=\"_ _e\"> </span>Contrariamente, <span class=\"_ _e\"> </span>ipotizzando <span class=\"_ _6\"> </span>un\u2019istantanea <span class=\"_ _e\"> </span>traslazione <span class=\"_ _d\"> </span></span>al <span class=\"_ _e\"></span>ribasso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>3<span class=\"lse\">0 </span>euro/MWh, il potenzial<span class=\"_ _3\"></span>e decremento di fair v<span class=\"_ _3\"></span>alue sarebbe pari a <span class=\"_ _3\"></span>circa <span class=\"_ _5\"></span>3,7 milioni di euro.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsHeldForTradingExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "Portafoglio trading<span class=\"_ _3\"></span> Il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ortafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>accoglie <span class=\"_ _5\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>equiparabili <span class=\"_ _5\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>hanno <span class=\"_ _5\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>coprire <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>fabbisogni <span class=\"_ _5\"></span>del Gruppo e sono sottosc<span class=\"_ _3\"></span>ritti con finalit\u00e0 speculative. Tali strumenti<span class=\"_ _3\"></span> possono essere distinti <span class=\"_ _3\"></span>nelle seguenti fattispec<span class=\"_ _3\"></span>ie:<span class=\"_ _5\"></span> Gestione operativ<span class=\"_ _3\"></span>a TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA FAIR VALUE NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 NOZIONALE FAIR VALUE ATTIVIT\u00c0 FAIR VALUE PASSIVIT\u00c0 Formule energia el<span class=\"_ _3\"></span>ettrica 2 1.738.529 MWh 21,3 3.311.730 MWh 67,6 Formule energia el<span class=\"_ _3\"></span>ettrica 2 2.492.178 MWh 46,5 4.507.848 MWh 99,1 Totale fair value<span class=\"_ _3\"></span> 21,3 46,5 67,6 99,1 TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>PROVENTI ONERI EFFETTO NETTO PROVENTI ONERI EFFETTO NETTO Valutazione deri<span class=\"_ _3\"></span>vati 120,2 (113,9) 6,3 170,1 (189,4) (19,3) Cash flow realizzati<span class=\"_ _3\"></span> 69,0 (50,1) 18,9 36,0 (59,1) (23,1) Effetto economi<span class=\"_ _3\"></span>co derivati 189,2 (164,0) 25,2 206,1 (248,5) (42,4) Al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutare<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l\u2019impatto <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>oscillazio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>prezzi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercat<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>sottostante <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>sui <span class=\"_ _6\"> </span>derivati <span class=\"_ _6\"></span>ascrivibili <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> portafoglio di trading,<span class=\"_ _3\"></span> viene utilizzato lo strum<span class=\"_ _3\"></span>ento del VaR (Va<span class=\"_ _5\"></span>lue at Ri<span class=\"_ _3\"></span>sk), ossia la variazione neg<span class=\"_ _3\"></span>ativa del valore del portafoglio <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _5\"></span>entro <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>probabilit\u00e0 <span class=\"_ _5\"></span>prestabilite, <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>no <span class=\"_ _5\"></span>spostamento <span class=\"_ _7\"></span>avverso <span class=\"_ _7\"></span>degli indici di mercato.<span class=\"_ _75\"> </span>Il <span class=\"_ _6\"></span>decremento <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>allo <span class=\"_ _6\"></span>scorso <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>sercizio <span class=\"_ _6\"></span>risent<span class=\"_ _3\"></span>e <span class=\"_ _6\"> </span>dell\u2019effetto <span class=\"_ _d\"> </span><span class=\"ff1\">sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>nozionali <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>minori </span>prezzi medi dei contrat<span class=\"_ _3\"></span>ti in essere a fine period<span class=\"_ _3\"></span>o<span class=\"_ _5\"></span>.<span class=\"_ _75\"> </span>L\u2019effetto <span class=\"_ _5\"></span>sul conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span><span class=\"ff1\">degli <span class=\"_ _5\"></span>scambi <span class=\"_ _5\"></span>realizzati <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>contratti derivati <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>equiparabili, di <span class=\"_ _5\"></span>natura <span class=\"_ _5\"></span>fisica o<span class=\"_ _5\"></span> finanziaria, </span>pu\u00f2 essere cos\u00ec scom<span class=\"_ _3\"></span>posto: CONTRATTI EQ<span class=\"_ _3\"></span>UIPARATI A DERIVATI CONTRATTI DERIVATI FINANZIARI EFFETTO COMPLESSIVO Ricavi di vendita 47,9 Proventi 21,1 69,0 Costi di acquisto (10,7) Oneri (39,4) (50,1) Effetto da realiz<span class=\"_ _3\"></span>zazione derivati  37,2 (18,3) 18,9 Sensitivity analysis <span class=\"ff10\">\u2013</span> Portafo<span class=\"_ _3\"></span>glio trading Ipotizzando <span class=\"_ _10\"> </span>un\u2019ista<span class=\"_ _3\"></span>ntanea <span class=\"_ _10\"> </span>traslazio<span class=\"_ _3\"></span>ne<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _10\"> </span>al <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>ialzo <span class=\"_ _10\"> </span>della <span class=\"_ _4\"> </span>curva <span class=\"_ _10\"> </span>Pun <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _10\"> </span>30 <span class=\"_ _10\"> </span>euro/MWh, <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>parit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>prezzo <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>Ttf, </span>l\u2019incremento <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fa<span class=\"_ _5\"></span>ir <span class=\"_ _5\"></span>value <span class=\"_ _7\"></span>degli <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>trumenti <span class=\"_ _5\"></span>derivati <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>portafoglio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>trading <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _6\"></span><span class=\"ff1\">4 </span>ammonterebbe <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>circa <span class=\"_ _d\"> </span>3,7 <span class=\"_ _e\"></span><span class=\"ff5\">milioni <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"> </span>euro. <span class=\"_ _e\"> </span>Contrariamente, <span class=\"_ _e\"> </span>ipotizzando <span class=\"_ _6\"> </span>un\u2019istantanea <span class=\"_ _e\"> </span>traslazione <span class=\"_ _d\"> </span></span>al <span class=\"_ _e\"></span>ribasso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>3<span class=\"lse\">0 </span>euro/MWh, il potenzial<span class=\"_ _3\"></span>e decremento di fair v<span class=\"_ _3\"></span>alue sarebbe pari a <span class=\"_ _3\"></span>circa <span class=\"_ _5\"></span>3,7 milioni di euro.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesHeldForTradingExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-61": {
   "value": "30  <span class=\"ls0\">Benefici ai <span class=\"_ _3\"></span>dipendenti </span>La voce comprende gli accantonamenti a favor<span class=\"_ _3\"></span>e del personale dipendente per il trattament<span class=\"_ _3\"></span>o di fine rapporto di lavoro e altri benefici contrattuali, al netto delle anticipazioni concesse<span class=\"_ _3\"></span> e <span class=\"_ _5\"></span>dei versamenti effettuati<span class=\"_ _3\"></span> agli <span class=\"_ _5\"></span>istituti di previdenza <span class=\"_ _7\"></span>in accordo con la normativa vigente. Il calcolo viene effettuato utilizzando tecniche attuariali<span class=\"_ _3\"></span> e <span class=\"_ _5\"></span>attualizzando le passivit\u00e0 future <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>data <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>bilancio. <span class=\"_ _d\"> </span>Tali <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _d\"> </span>sono <span class=\"_ _d\"> </span>costituite <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>redito <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>ipendent<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>ma<span class=\"_ _5\"></span>turer\u00e0 <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>data <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui presumibilmente las<span class=\"_ _3\"></span>cer\u00e0 l\u2019azienda.<span class=\"ff1\"> </span>VALORE INIZIA<span class=\"_ _3\"></span>LESERVICE COSTONERI FINANZI<span class=\"_ _3\"></span>ARIUTILI (PERDITE) ATTUARIALIUTILIZZIALTRI MOVIME<span class=\"_ _3\"></span>NTIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOVALORE FINAL<span class=\"_ _3\"></span>E31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>Trattamento fine ra<span class=\"_ _3\"></span>pporto 79,4 1,0 2,5 1,5 (9,7) \u2010<span class=\"ff4\"> </span>1,1 75,8 Altri benefici 12,6 \u2010<span class=\"ff4\"> </span>0,5 0,5 (1,3) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>12,3 Totale 92,0 1,0 3,0 2,0 (11,0) \u2010<span class=\"ff2 sc0\"> </span>1,1 88,1 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span>Trattamento fine ra<span class=\"_ _3\"></span>pporto 75,8 1,1 2,0 0,3 (9,0) \u2010<span class=\"ff4\"> </span>0,1 70,3 Altri benefici 12,3 \u2010<span class=\"ff4\"> </span>0,4 (2,1) (1,0) \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>9,6 Totale 88,1 1,1 2,4 (1,8) (10,0) \u2010<span class=\"ff2 sc0\"> </span>0,1 79,9 \u201cAltri benefici\u201d compre<span class=\"_ _3\"></span>ndono le seguenti fattis<span class=\"_ _3\"></span>pecie:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">s<span class=\"ff5\">conto <span class=\"_ _4\"> </span>gas, <span class=\"_ _4\"> </span>rappresenta <span class=\"_ _4\"> </span>un\u2019indennit\u00e0  annua <span class=\"_ _10\"> </span>ricon<span class=\"_ _3\"></span>osciuta <span class=\"_ _4\"> </span>ai <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>ipendenti  Federgasacqua <span class=\"_ _4\"> </span>assunti  p<span class=\"_ _5\"></span>rima  del </span></span></span>gennaio 1980, reversibile agli<span class=\"_ _3\"></span> eredi; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">premungas, <span class=\"_ _d\"> </span>fondo <span class=\"_ _d\"> </span>pensionistico <span class=\"_ _d\"> </span>integrativo <span class=\"_ _e\"> </span>re<span class=\"_ _5\"></span>lativo <span class=\"_ _e\"></span>ai <span class=\"_ _d\"> </span>dipendenti <span class=\"_ _f\"> </span>Federga<span class=\"_ _3\"></span>sacqua <span class=\"_ _d\"> </span>assunti <span class=\"_ _d\"> </span>prima <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>gen<span class=\"_ _3\"></span>naio </span></span>1980. <span class=\"_ _5\"></span>Tale <span class=\"_ _7\"></span>fondo, <span class=\"_ _5\"></span>chiuso <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>far <span class=\"_ _5\"></span>data <span class=\"_ _7\"></span>dal <span class=\"_ _5\"></span>gennaio <span class=\"_ _5\"></span>1997, <span class=\"_ _7\"></span>viene <span class=\"_ _5\"></span>movimentato <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>adenza <span class=\"_ _5\"></span>trimestrale <span class=\"_ _5\"></span>unicamente per regolare i versame<span class=\"_ _3\"></span>nti effettuati ai pensio<span class=\"_ _3\"></span>nati aventi diritto<span class=\"_ _5\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">riduzione  tariff<span class=\"_ _3\"></span>aria,  \u00e8  stat<span class=\"_ _3\"></span>o  costituito <span class=\"_ _f\"> </span>per  far  fronte <span class=\"_ _f\"> </span>agli  oneri  deri<span class=\"_ _3\"></span>vanti  dal  ri<span class=\"_ _3\"></span>conoscimento  al <span class=\"_ _f\"> </span>personale  in<span class=\"_ _3\"></span> </span></span>quiescenza del ramo e<span class=\"_ _3\"></span>lettrico delle agevolazi<span class=\"_ _3\"></span>oni tariffarie sui con<span class=\"_ _3\"></span>sumi energetici. <span class=\"_ _5\"></span> La <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>omponente <span class=\"_ _d\"> </span>\u201cService <span class=\"_ _d\"> </span>cost\u201d <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _d\"> </span>relativa <span class=\"_ _f\"> </span>alle <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _f\"> </span>con <span class=\"_ _d\"> </span>un <span class=\"_ _f\"> </span>numero <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>idotto <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>dipendenti, <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _4\"> </span><span class=\"ff1\">quali <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>fondo </span>trattamento di fine rap<span class=\"_ _3\"></span>porto rappresenta ancora u<span class=\"_ _3\"></span>n piano a benefici d<span class=\"_ _3\"></span>efiniti. <span class=\"_ _5\"></span> \u201cOneri finanziari\u201d sono <span class=\"_ _3\"></span>calcolati applicando<span class=\"_ _3\"></span> un tasso di attualizzazio<span class=\"_ _3\"></span>ne specifico per ogni societ<span class=\"_ _3\"></span>\u00e0, determinato in bas<span class=\"_ _3\"></span>e alla durata media fin<span class=\"_ _3\"></span>anziaria dell\u2019obbligazio<span class=\"_ _3\"></span>ne<span class=\"_ _5\"></span><span class=\"ff1\">.  </span>\u201cUtili <span class=\"_ _d\"> </span>(perdite)<span class=\"ff1\"> <span class=\"_ _f\"> </span></span>attuariali\u201d <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>ri<span class=\"_ _5\"></span><span class=\"ff1\">misurazione <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>lle <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>benefici <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>dipendenti <span class=\"_ _d\"> </span>derivante <span class=\"_ _f\"> </span>dall<span class=\"_ _3\"></span>a </span>modifica delle ipot<span class=\"_ _3\"></span>esi attuariali. Tali effetti sono contabilizzati nelle alt<span class=\"_ _3\"></span>re componenti di cont<span class=\"_ _3\"></span>o economico complessi<span class=\"_ _3\"></span>vo.<span class=\"_ _5\"></span> La <span class=\"_ _6\"></span>\u201cV<span class=\"_ _3\"></span>ariazione <span class=\"_ _7\"></span>dell\u2019area <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>consolidame<span class=\"_ _3\"></span>nto\u201d <span class=\"_ _7\"></span>accoglie <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>fondo <span class=\"_ _7\"></span>trattamento <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>fine <span class=\"_ _7\"></span>rapporto <span class=\"_ _7\"></span>acquisito <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _7\"></span>delle operazioni di business <span class=\"_ _3\"></span>combination conclu<span class=\"_ _3\"></span>se nell\u2019esercizio.<span class=\"_ _75\"> </span>La <span class=\"_ _6\"></span>tab<span class=\"_ _3\"></span>ella <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ottostante <span class=\"_ _7\"></span>rappresenta <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>principali <span class=\"_ _7\"></span>assunzioni <span class=\"_ _7\"></span>utilizzate <span class=\"_ _7\"></span>nella <span class=\"_ _6\"></span>stima <span class=\"_ _7\"></span>attuariale <span class=\"_ _6\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>benefici<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _7\"></span>dipendenti suddivise per area g<span class=\"_ _3\"></span>eografica: AREA CENTRA<span class=\"_ _3\"></span>LE AREA NORD-<span class=\"ls1f\">EST</span> Tasso annuo tecni<span class=\"_ _3\"></span>co di attualizzazion<span class=\"_ _3\"></span>e 2,78% 2,78% Tasso annuo di <span class=\"_ _3\"></span>aumento retribuzioni c<span class=\"_ _3\"></span>omplessive 2,50% 2,50% Frequenza annua <span class=\"_ _3\"></span>di uscita dall'attivit\u00e0 la<span class=\"_ _3\"></span>vorativa per caus<span class=\"_ _3\"></span>e diverse dalla morte 2,12% 3,16% Frequenza annua <span class=\"_ _3\"></span>media di utilizzo del fo<span class=\"_ _3\"></span>ndo Tfr 2,19% 1,86% Nell\u2019interpretazion<span class=\"_ _3\"></span>e di tali assunzioni occor<span class=\"_ _3\"></span>re considerare quant<span class=\"_ _3\"></span>o segue:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">con <span class=\"_ _5\"></span>riferimento <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inflazione, lo <span class=\"_ _5\"></span>scenario <span class=\"_ _5\"></span>inflazionistico <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>desunto <span class=\"_ _5\"></span>adottando u<span class=\"_ _5\"></span>n <span class=\"_ _5\"></span>indice <span class=\"_ _5\"></span>Ipca pari <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>l </span></span>2<span class=\"ls37\">% </span><span class=\"ff5\">per l\u2019anno 202</span>5 e per gli ann<span class=\"_ _3\"></span>i successivi; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">per le probabilit\u00e0 di mo<span class=\"_ _3\"></span>rte si \u00e8 fatto riferiment<span class=\"_ _3\"></span>o alle tavole Istat 2<span class=\"_ _3\"></span>02<span class=\"_ _5\"></span>3; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">nelle valutazioni <span class=\"_ _5\"></span>attuariali sono state <span class=\"_ _5\"></span>considerate le <span class=\"_ _5\"></span>nuove decorrenze per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>trattamenti pensionistici<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>previste dal </span></span>D.L. <span class=\"_ _e\"></span>201 <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>6 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>2011, <span class=\"_ _e\"></span>convertito, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>modificazioni, <span class=\"_ _6\"></span>dalla <span class=\"_ _e\"></span>L. <span class=\"_ _e\"> </span>214 <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>22 <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _6\"></span>2011, <span class=\"_ _e\"> </span>nonch\u00e9 <span class=\"_ _e\"> </span>la disciplina di <span class=\"_ _5\"></span>adeguamento dei requisiti <span class=\"_ _5\"></span>di accesso <span class=\"_ _5\"></span>al sistema <span class=\"_ _5\"></span>pensionistico agli <span class=\"_ _5\"></span>incrementi della speranza d<span class=\"_ _5\"></span>i vita ai <span class=\"_ _6\"></span>sensi <span class=\"_ _6\"> </span>dell\u2019art. <span class=\"_ _e\"> </span>12 <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>D.L. <span class=\"_ _e\"> </span>78 <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>31 <span class=\"_ _e\"> </span>maggio <span class=\"_ _6\"></span>2010, <span class=\"_ _6\"></span>convertito, <span class=\"_ _6\"></span>con <span class=\"_ _6\"> </span>modificazioni, <span class=\"_ _6\"></span>dalla <span class=\"_ _6\"> </span>L. <span class=\"_ _e\"> </span>122 <span class=\"_ _6\"></span>del <span class=\"_ _6\"> </span>30 <span class=\"_ _e\"> </span>luglio 2010; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">per <span class=\"_ _5\"></span>le probabilit\u00e0 di <span class=\"_ _5\"></span>uscita d<span class=\"_ _5\"></span>all\u2019attivit\u00e0 lavorativa per <span class=\"_ _5\"></span>cause diverse d<span class=\"_ _5\"></span>alla morte \u00e8<span class=\"_ _5\"></span> stato <span class=\"_ _5\"></span>ipotizzato un <span class=\"_ _5\"></span>tasso medio </span></span>di uscita pari al 2,12% annuo <span class=\"ff5\">per l\u2019Area centr<span class=\"_ _3\"></span>ale e 3,16% per l\u2019Area Nord<span class=\"ff1\">-est, in quanto l'analisi differenzi<span class=\"_ _3\"></span>ata per </span></span>qualifica contrattuale<span class=\"_ _3\"></span> e sesso non ha portato <span class=\"_ _3\"></span>a risultati statistic<span class=\"_ _3\"></span>amente significativi;<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">per tenere in <span class=\"_ _5\"></span>considerazione il fenomeno delle anticipazioni, sono state <span class=\"_ _5\"></span>ipotizzat<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>le frequenze nonch\u00e9 l\u2019importo </span></span>di <span class=\"_ _6\"></span>Tfr <span class=\"_ _6\"></span>medio <span class=\"_ _6\"></span>anticipato. <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>frequenze <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>anticipazione, <span class=\"_ _6\"></span>nonch\u00e9 <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>percentuali <span class=\"_ _6\"></span>medie <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Tfr <span class=\"_ _6\"></span>richieste <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>titolo <span class=\"_ _6\"></span>di anticipo <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>state  des<span class=\"_ _3\"></span>unte <span class=\"_ _f\"> </span>dall\u2019osservazione <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>dati <span class=\"_ _f\"> </span>az<span class=\"_ _5\"></span>iendali. <span class=\"_ _d\"> </span>La<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>percentuale <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Tfr  rich<span class=\"_ _3\"></span>iesta <span class=\"_ _f\"> </span>a  titolo <span class=\"_ _d\"> </span>di<span class=\"_ _5\"></span> anticipo \u00e8 stata ipotizz<span class=\"_ _3\"></span>ata pari al 70% del Tfr,<span class=\"_ _3\"></span> ovvero al massimo pre<span class=\"_ _3\"></span>visto dalla normativa vig<span class=\"_ _3\"></span>ente.<span class=\"_ _7\"></span> Per le valutazioni att<span class=\"_ _3\"></span>uariali \u00e8 stata utilizzata la<span class=\"_ _3\"></span> curva dei tassi eur<span class=\"_ _3\"></span>o composite AA al 31 <span class=\"_ _3\"></span>dicembre 202<span class=\"_ _7\"></span>4. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-62": {
   "value": "Sensitivity analysis <span class=\"ff10\">\u2013</span> Obbliga<span class=\"_ _3\"></span>zioni per piani a benefici<span class=\"_ _3\"></span> definiti Ipotizzando <span class=\"_ _e\"> </span>un <span class=\"_ _f\"> </span>increme<span class=\"_ _3\"></span>nto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>50 <span class=\"_ _d\"> </span>basis <span class=\"_ _d\"> </span>point <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>tasso <span class=\"_ _d\"> </span>tecnico <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>attualizzazione <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>que<span class=\"_ _5\"></span>llo <span class=\"_ _e\"></span>effettivamente applicato <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4, <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>parit\u00e0 <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>altre <span class=\"_ _6\"></span>ipotesi <span class=\"_ _6\"></span>attuar<span class=\"_ _3\"></span>iali, <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>decremento <span class=\"_ _6\"></span>potenzial<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>del valore <span class=\"_ _5\"></span>attuale d<span class=\"_ _5\"></span>elle obbligazioni <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>piani <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>benefici d<span class=\"_ _5\"></span>efiniti (Dbo) <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>ammonterebbe a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>circa 1<span class=\"_ _5\"></span>,<span class=\"_ _7\"></span>4 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro. Allo stesso modo ipotizzando una riduzione del medesimo tasso di<span class=\"_ _5\"></span> 50 basis point, si avrebbe un a<span class=\"_ _5\"></span>umento potenzial<span class=\"_ _3\"></span>e del valore attuale del<span class=\"_ _3\"></span>la passivit\u00e0 di circa 1,5 milioni di euro. Ipotizzando <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>incremen<span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>50 <span class=\"_ _7\"></span>b<span class=\"_ _5\"></span>asis <span class=\"_ _7\"></span>point <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>inflazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>quello <span class=\"_ _7\"></span>effettivamente <span class=\"_ _7\"></span>applicato <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le valutazioni <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dice<span class=\"_ _5\"></span>mbre 202<span class=\"_ _5\"></span>4<span class=\"ff5\">, <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>parit\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>altre <span class=\"_ _5\"></span>ipotesi <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ttuariali, l\u2019incremento <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _5\"></span>delle </span>obbligazioni <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>piani <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>benefici <span class=\"_ _7\"></span>definiti <span class=\"_ _5\"></span>(Dbo) <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>ammonterebbe <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>circa <span class=\"_ _6\"></span>0,9 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>uro. <span class=\"_ _5\"></span>Allo <span class=\"_ _7\"></span>stesso <span class=\"_ _5\"></span>modo<span class=\"_ _5\"></span>, ipotizzando <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>rid<span class=\"_ _3\"></span>uzione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>medesimo <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>50 <span class=\"_ _7\"></span>basis <span class=\"_ _7\"></span>point, <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>avrebbe <span class=\"_ _7\"></span>u<span class=\"_ _5\"></span>na <span class=\"_ _7\"></span>diminuzione <span class=\"_ _7\"></span>potenziale <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>valore<span class=\"_ _3\"></span> attuale della passivit<span class=\"_ _3\"></span>\u00e0 di circa 0,9 milioni di euro. Le <span class=\"_ _f\"> </span>variazioni <span class=\"_ _d\"> </span>de<span class=\"_ _5\"></span>lle <span class=\"_ _d\"> </span>restanti  i<span class=\"_ _3\"></span>potesi <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ttuariali <span class=\"_ _d\"> </span>produrrebbero <span class=\"_ _f\"> </span>effetti <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>ignificati<span class=\"_ _3\"></span>vi <span class=\"_ _f\"> </span>rispetto <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>attuale <span class=\"_ _d\"> </span>delle passivit\u00e0 per piani a <span class=\"_ _3\"></span>benefici definiti iscritti <span class=\"_ _3\"></span>a bilancio.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "<div class=\"c w2 h0 gsa86\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 lsb ws0\">31  Fondi<span class=\"ls0\"> </span></div><div class=\"t m0 x23 h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w24a h1f gsa87\"><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE INIZIA<span class=\"_ _3\"></span>LE</div><div class=\"t mb x4 h13 y1dbe ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f5 h1f gsa88\"><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ACCANTONAMEN<span class=\"_ _3\"></span>TI</div><div class=\"t mb x4 h13 y303 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f5 h1f gsa89\"><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ONERI FINANZI<span class=\"_ _3\"></span>ARI</div><div class=\"t mb x4 h13 y169f ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2ee h1f gsa8a\"><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">UTILIZZI</div><div class=\"t mb x4 h13 yb36 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f5 h1f gsa8b\"><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ALTRI MOVIME<span class=\"_ _3\"></span>NTI</div><div class=\"t mb x4 h13 y1718 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f5 h1f gsa8c\"><div class=\"t mb xa9 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONE </div><div class=\"t mb xa7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DELL'AREA DI </div><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONSOLIDAME<span class=\"_ _3\"></span>NTO</div><div class=\"t mb x4 h13 y1d8f ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w24a h1f gsa8d\"><div class=\"t mb x4 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VALORE FINAL<span class=\"_ _3\"></span>E</div><div class=\"t mb x4 h13 y1dbf ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2f4 h3c gsa8e\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2f4 h3c gsa8f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo ripristino <span class=\"_ _3\"></span>beni di terzi </div></div><div class=\"c w24a h3c gsa90\"><div class=\"t m0 xa6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">217,9 </div></div><div class=\"c w2f5 h3c gsa91\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">6,4 </div></div><div class=\"c w2f5 h3c gsa92\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">4,4 </div></div><div class=\"c w2ee h3c gsa93\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gsa94\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2f5 h3c gsa95\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gsa96\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">228,8 </div></div><div class=\"c w2f4 h8e gsa97\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Fondo spese chius<span class=\"_ _3\"></span>ura e post </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">chiusura discariche </div></div><div class=\"c w24a h8e gsa98\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">186,3 </div></div><div class=\"c w2f5 h8e gsa99\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">6,6 </div></div><div class=\"c w2f5 h8e gsa9a\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">0,3 </div></div><div class=\"c w2ee h8e gsa9b\"><div class=\"t m0 xb2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(12,0) </div></div><div class=\"c w2f5 h8e gsa9c\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">3,9 </div></div><div class=\"c w2f5 h8e gsa9d\"><div class=\"t m0 x4 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h8e gsa9e\"><div class=\"t m0 xb2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">185,1 </div></div><div class=\"c w2f4 h8e gsa9f\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Fondo cause legali e <span class=\"_ _3\"></span>contenzioso del </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">personale </div></div><div class=\"c w24a h8e gsaa0\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">10,9 </div></div><div class=\"c w2f5 h8e gsaa1\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">8,1 </div></div><div class=\"c w2f5 h8e gsaa2\"><div class=\"t m0 x4 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2ee h8e gsaa3\"><div class=\"t m0 x32 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(3,0) </div></div><div class=\"c w2f5 h8e gsaa4\"><div class=\"t m0 x32 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(1,0) </div></div><div class=\"c w2f5 h8e gsaa5\"><div class=\"t m0 x4 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h8e gsaa6\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">15,0 </div></div><div class=\"c w2f4 h3c gsaa7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo smaltimento rif<span class=\"_ _3\"></span>iuti </div></div><div class=\"c w24a h3c gsaa8\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">9,7 </div></div><div class=\"c w2f5 h3c gsaa9\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,3 </div></div><div class=\"c w2f5 h3c gsaaa\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2ee h3c gsaab\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(9,4) </div></div><div class=\"c w2f5 h3c gsaac\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w2f5 h3c gsaad\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gsaae\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,5 </div></div><div class=\"c w2f4 h170 gsaaf\"><div class=\"t m0 x0 hf yddf ff4 fs3 fc1 sc0 ls0 ws0\">Fondo smantellam<span class=\"_ _3\"></span>ento impianti </div></div><div class=\"c w24a h170 gsab0\"><div class=\"t m0 x53 hf y6af ff4 fs3 fc10 sc0 ls0 ws0\">6,1 </div></div><div class=\"c w2f5 h170 gsab1\"><div class=\"t m0 x53 hf y6af ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2f5 h170 gsab2\"><div class=\"t m0 x53 hf y6af ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w2ee h170 gsab3\"><div class=\"t m0 x4 hf y6af ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h170 gsab4\"><div class=\"t m0 x4 hf y6af ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h170 gsab5\"><div class=\"t m0 x4 hf y6af ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h170 gsab6\"><div class=\"t m0 x53 hf y6af ff4 fs3 fc10 sc0 ls0 ws0\">6,3 </div></div><div class=\"c w2f4 h3c gsab7\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altri fondi </div></div><div class=\"c w24a h3c gsab8\"><div class=\"t m0 xa6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">134,7 </div></div><div class=\"c w2f5 h3c gsab9\"><div class=\"t m0 x16 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">59,0 </div></div><div class=\"c w2f5 h3c gsaba\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2ee h3c gsabb\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(3,3) </div></div><div class=\"c w2f5 h3c gsabc\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(16,5) </div></div><div class=\"c w2f5 h3c gsabd\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w24a h3c gsabe\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">174,1 </div></div><div class=\"c w2f4 h3c gsabf\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w24a h3c gsac0\"><div class=\"t m0 xa6 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">565,6 </div></div><div class=\"c w2f5 h3c gsac1\"><div class=\"t m0 x16 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">88,5 </div></div><div class=\"c w2f5 h3c gsac2\"><div class=\"t m0 x53 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">4,8 </div></div><div class=\"c w2ee h3c gsac3\"><div class=\"t m0 xb2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(27,7) </div></div><div class=\"c w2f5 h3c gsac4\"><div class=\"t m0 xb2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(13,6) </div></div><div class=\"c w2f5 h3c gsac5\"><div class=\"t m0 x53 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">0,2 </div></div><div class=\"c w24a h3c gsac6\"><div class=\"t m0 xb2 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">617,8 </div></div><div class=\"c w2f4 h3c gsac7\"><div class=\"t m0 x0 h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span><span class=\"fc1\"> </span></span></div></div><div class=\"c w2f4 h3c gsac8\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo ripristino beni di <span class=\"_ _3\"></span>terzi </div></div><div class=\"c w24a h3c gsac9\"><div class=\"t m0 xa6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">228,8 </div></div><div class=\"c w2f5 h3c gsaca\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">6,4 </div></div><div class=\"c w2f5 h3c gsacb\"><div class=\"t m0 x53 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,2 </div></div><div class=\"c w2ee h3c gsacc\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gsacd\"><div class=\"t m0 x32 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w2f5 h3c gsace\"><div class=\"t m0 x4 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gsacf\"><div class=\"t m0 xb2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">240,3 </div></div><div class=\"c w2f4 h8e gsad0\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Fondo spese chius<span class=\"_ _3\"></span>ura e post </div><div class=\"t m0 x0 hf y2e8 ff4 fs3 fc1 sc0 ls0 ws0\">chiusura discariche </div></div><div class=\"c w24a h8e gsad1\"><div class=\"t m0 xa6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">185,1 </div></div><div class=\"c w2f5 h8e gsad2\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">10,5 </div></div><div class=\"c w2f5 h8e gsad3\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">18,6 </div></div><div class=\"c w2ee h8e gsad4\"><div class=\"t m0 xb2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(13,4) </div></div><div class=\"c w2f5 h8e gsad5\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">9,4 </div></div><div class=\"c w2f5 h8e gsad6\"><div class=\"t m0 x4 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h8e gsad7\"><div class=\"t m0 xb2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">210,2 </div></div><div class=\"c w2f4 h8e gsad8\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Fondo cause legali e <span class=\"_ _3\"></span>contenzioso del </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">personale </div></div><div class=\"c w24a h8e gsad9\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">15,0 </div></div><div class=\"c w2f5 h8e gsada\"><div class=\"t m0 x53 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">2,8 </div></div><div class=\"c w2f5 h8e gsadb\"><div class=\"t m0 x4 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2ee h8e gsadc\"><div class=\"t m0 x32 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(2,7) </div></div><div class=\"c w2f5 h8e gsadd\"><div class=\"t m0 x32 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(0,3) </div></div><div class=\"c w2f5 h8e gsade\"><div class=\"t m0 x4 hf y5e2 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h8e gsadf\"><div class=\"t m0 x16 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">14,8 </div></div><div class=\"c w2f4 h3c gsae0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo smaltimento rif<span class=\"_ _3\"></span>iuti </div></div><div class=\"c w24a h3c gsae1\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,5 </div></div><div class=\"c w2f5 h3c gsae2\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">8,5 </div></div><div class=\"c w2f5 h3c gsae3\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2ee h3c gsae4\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(8,2) </div></div><div class=\"c w2f5 h3c gsae5\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w2f5 h3c gsae6\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1,0 </div></div><div class=\"c w24a h3c gsae7\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">9,6 </div></div><div class=\"c w2f4 h3c gsae8\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo smantellam<span class=\"_ _3\"></span>ento impianti </div></div><div class=\"c w24a h3c gsae9\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,3 </div></div><div class=\"c w2f5 h3c gsaea\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gsaeb\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w2ee h3c gsaec\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2f5 h3c gsaed\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">0,2 </div></div><div class=\"c w2f5 h3c gsaee\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w24a h3c gsaef\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,7 </div></div><div class=\"c w2f4 h3c gsaf0\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri fondi </div></div><div class=\"c w24a h3c gsaf1\"><div class=\"t m0 xa6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">174,1 </div></div><div class=\"c w2f5 h3c gsaf2\"><div class=\"t m0 x16 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">48,1 </div></div><div class=\"c w2f5 h3c gsaf3\"><div class=\"t m0 x4 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2ee h3c gsaf4\"><div class=\"t m0 xb2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(10,6) </div></div><div class=\"c w2f5 h3c gsaf5\"><div class=\"t m0 x32 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(3,0) </div></div><div class=\"c w2f5 h3c gsaf6\"><div class=\"t m0 x53 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,9 </div></div><div class=\"c w24a h3c gsaf7\"><div class=\"t m0 xb2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">211,5 </div></div><div class=\"c w2f4 h90 gsaf8\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w24a h90 gsaf9\"><div class=\"t m0 xa6 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">617,8 </div></div><div class=\"c w2f5 h90 gsafa\"><div class=\"t m0 x16 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">76,3 </div></div><div class=\"c w2f5 h90 gsafb\"><div class=\"t m0 x16 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">24,0 </div></div><div class=\"c w2ee h90 gsafc\"><div class=\"t m0 xb2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(34,9) </div></div><div class=\"c w2f5 h90 gsafd\"><div class=\"t m0 x53 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">6,0 </div></div><div class=\"c w2f5 h90 gsafe\"><div class=\"t m0 x53 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">3,9 </div></div><div class=\"c w24a h90 gsaff\"><div class=\"t m0 xb2 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">693,1 </div></div><div class=\"c w2 h0 gsa86\"><div class=\"t m0 x23 h6c y1e1f ff5 fs1 fc1 sc0 ls0 ws0\">\u201cFondo <span class=\"_ _5\"></span>ripristino <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>terzi\u201d<span class=\"ff3\"> <span class=\"_ _7\"></span><span class=\"ff1\">include <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>st<span class=\"_ _5\"></span>anziamenti <span class=\"_ _5\"></span>effettuati<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>relazione <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>vincoli <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>legge <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>contrattuali <span class=\"_ _7\"></span>gravanti<span class=\"_ _3\"></span> </span></span></div><div class=\"t m0 x23 h3 y1c2f ff1 fs1 fc1 sc0 ls0 ws0\">sulle <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>qualit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>utilizzatrici <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>re<span class=\"_ _5\"></span>ti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>distribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>propr<span class=\"_ _7\"></span>iet\u00e0 <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>asset. <span class=\"_ _6\"></span>Gli<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y28c ff1 fs1 fc1 sc0 ls0 ws0\">stanziamenti <span class=\"_ _7\"></span>vengono <span class=\"_ _6\"></span>effettuati <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>aliquote <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>ammortamen<span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>economico<span class=\"_ _5\"></span>-tecniche <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>itenut<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>rappresentative<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y10f3 ff5 fs1 fc1 sc0 ls0 ws0\">della residua possibilit\u00e0 di utilizzo dei cespiti al <span class=\"_ _5\"></span>fine di indennizzare le societ\u00e0 proprietarie dell\u2019effettivo deperimento <span class=\"_ _7\"></span><span class=\"ff1 lse\">e </span></div><div class=\"t m0 x23 h3 y28e ff5 fs1 fc1 sc0 ls0 ws0\">consumo <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>beni <span class=\"_ _7\"></span>utilizzati <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>l\u2019attivit\u00e0 <span class=\"_ _7\"></span>d\u2019impresa. <span class=\"_ _6\"></span><span class=\"ff1\">Nel <span class=\"_ _5\"></span>caso <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>regime <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>concessione <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>sia <span class=\"_ _5\"></span>ancora <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>uno <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>di </span></div><div class=\"t m0 x23 h3 y28f ff5 fs1 fc1 sc0 ls0 ws0\">proroga in a<span class=\"_ _5\"></span>ttesa della f<span class=\"_ _5\"></span>issazione delle gare d\u2019ambito, <span class=\"_ _5\"></span>il<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>fondo riflette il <span class=\"_ _5\"></span>valore attuale degli <span class=\"_ _5\"></span>esborsi che <span class=\"_ _5\"></span>si andranno <span class=\"_ _5\"></span>a </span></div><div class=\"t m0 x23 h43 y1e20 ff5 fs1 fc1 sc0 ls0 ws0\">determinare <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>periodi <span class=\"_ _6\"></span>futuri<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>(generalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>llo <span class=\"_ _6\"></span>scadere <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>elle <span class=\"_ _6\"></span>conven<span class=\"_ _3\"></span>zioni <span class=\"_ _6\"></span>sottoscritte <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>on <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>autorit\u00e0 <span class=\"_ _6\"></span>d\u2019ambito<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per </div><div class=\"t m0 x23 h3 y1501 ff1 fs1 fc1 sc0 ls0 ws0\">quanto <span class=\"_ _7\"></span>concerne <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>servi<span class=\"_ _3\"></span>zio <span class=\"_ _7\"></span>idrico <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>allo <span class=\"_ _5\"></span>scadere <span class=\"_ _6\"></span>del <span class=\"_ _5\"></span>periodo <span class=\"_ _6\"></span>transitori<span class=\"_ _3\"></span>o <span class=\"_ _7\"></span>previsto <span class=\"_ _6\"></span>dal<span class=\"_ _3\"></span>la <span class=\"_ _7\"></span>vigente <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>qua<span class=\"_ _3\"></span>nto </div><div class=\"t m0 x23 h3 y1502 ff1 fs1 fc1 sc0 ls0 ws0\">concerne <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>dis<span class=\"_ _3\"></span>tribuzione <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>gas). <span class=\"_ _6\"></span>Gli <span class=\"_ _6\"></span>incrementi <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>fondo <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>costit<span class=\"_ _3\"></span>uiti <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ommatoria <span class=\"_ _7\"></span>tra <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>stanziamenti <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y1608 ff1 fs1 fc1 sc0 ls0 ws0\">competenza <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>periodo, <span class=\"_ _f\"> </span>anche  q<span class=\"_ _3\"></span>uesti <span class=\"_ _f\"> </span>attualizzati, <span class=\"_ _f\"> </span>e  gl<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _f\"> </span>che  rifl<span class=\"_ _3\"></span>ettono <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>componente<span class=\"_ _7\"></span>  deri<span class=\"_ _3\"></span>vante </div><div class=\"t m0 x23 h3 y1c23 ff5 fs1 fc1 sc0 ls0 ws0\">dall\u2019attualizzazione <span class=\"_ _7\"></span><span class=\"ff1\">dei <span class=\"_ _7\"></span>flussi. <span class=\"_ _7\"></span>Si <span class=\"_ _7\"></span>precisa <span class=\"_ _7\"></span>che, <span class=\"_ _7\"></span>essendo <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>aggior <span class=\"_ _7\"></span>parte <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>concessioni <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>uno <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>proroga, <span class=\"_ _7\"></span>il </span></div><div class=\"t m0 x23 h3 y159f ff1 fs1 fc1 sc0 ls0 ws0\">processo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>attualizzazione <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>conseguenti <span class=\"_ _6\"></span>oner<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>finanziari <span class=\"_ _e\"></span>si <span class=\"_ _6\"></span>r<span class=\"_ _5\"></span>iferiscono <span class=\"_ _6\"></span>esclusivamente <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>concessioni <span class=\"_ _e\"></span>ancora </div><div class=\"t m0 x23 h3 y15a0 ff1 fs1 fc1 sc0 ls0 ws0\">pienamente in vigore. </div><div class=\"t m0 x23 h3 y15a1 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y15a2 ff5 fs1 fc1 sc0 lsd ws0\">\u201cF<span class=\"ff1 ls0\">ondo spese <span class=\"_ _5\"></span>chiusura e post <span class=\"_ _5\"></span>chiusura <span class=\"_ _5\"></span><span class=\"ff5\">discariche\u201d rappresenta quanto <span class=\"_ _5\"></span>stanziato per far <span class=\"_ _5\"></span>fronte ai <span class=\"_ _5\"></span>costi che <span class=\"_ _5\"></span>dovranno </span></span></div><div class=\"t m0 x23 h3 y1119 ff1 fs1 fc1 sc0 ls0 ws0\">essere s<span class=\"_ _5\"></span>ostenuti per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>gestione del <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>di c<span class=\"_ _5\"></span>hiusura e <span class=\"_ _5\"></span>post <span class=\"_ _5\"></span>chiusura delle <span class=\"_ _5\"></span>discariche <span class=\"_ _5\"></span>attualmente in <span class=\"_ _5\"></span>gestione. <span class=\"_ _5\"></span>Gli </div><div class=\"t m0 x23 h3 y15a3 ff1 fs1 fc1 sc0 ls0 ws0\">esborsi <span class=\"_ _5\"></span>fu<span class=\"_ _5\"></span>turi, <span class=\"_ _5\"></span>desunti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>iscarica <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>una <span class=\"_ _5\"></span>specifica <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>erizia <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>stima, <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>stati <span class=\"_ _7\"></span>attualizzati. <span class=\"_ _5\"></span>Gli <span class=\"_ _7\"></span>incrementi </div><div class=\"t m0 x23 h3 yb17 ff1 fs1 fc1 sc0 ls0 ws0\">del fondo <span class=\"_ _5\"></span>iscritti a conto economico comprendono <span class=\"_ _5\"></span>la componente finanziaria desunta dal <span class=\"_ _5\"></span>processo di attualizzazione </div><div class=\"t m0 x23 h3 y111b ff1 fs1 fc1 sc0 ls0 ws0\">e <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>accantonamenti <span class=\"_ _5\"></span>dovuti <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>modifiche <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>ipotesi <span class=\"_ _7\"></span>sugli <span class=\"_ _7\"></span>esborsi <span class=\"_ _5\"></span>futuri <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>seguito <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>revisione <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>perizie <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>stima </div><div class=\"t m0 x23 h3 y6b0 ff1 fs1 fc1 sc0 ls0 ws0\">sulle discariche esaurit<span class=\"_ _3\"></span>e.  </div><div class=\"t m0 x23 h3 y15a4 ff1 fs1 fc1 sc0 ls0 ws0\">Gli <span class=\"_ _d\"> </span>oneri <span class=\"_ _f\"> </span>finanziari <span class=\"_ _e\"> </span>si <span class=\"_ _f\"> </span><span class=\"lsf\">in</span>crementano <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>ignificativament<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ispetto <span class=\"_ _e\"> </span>al <span class=\"_ _f\"> </span>precedente <span class=\"_ _e\"> </span>esercizio <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rincipalme<span class=\"_ _3\"></span>nte  per <span class=\"_ _d\"> </span>effetto </div><div class=\"t m0 x23 h3 y111c ff1 fs1 fc1 sc0 ls0 ws0\">da<span class=\"ff5\">ll\u2019aggiornamento dei parametri utilizzati <span class=\"_ _5\"></span>per riflettere le <span class=\"_ _5\"></span>attuali condizioni <span class=\"_ _5\"></span>di mercato<span class=\"_ _7\"></span></span>. <span class=\"_ _5\"></span>A tal p<span class=\"_ _5\"></span>roposito si <span class=\"_ _5\"></span>segnala <span class=\"_ _5\"></span><span class=\"ls12\">che </span></div><div class=\"t m0 x23 h3 ye88 ff1 fs1 fc1 sc0 ls0 ws0\">al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023 <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>rivisitazione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i a<span class=\"_ _5\"></span>ttualizzazion<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>aveva <span class=\"_ _7\"></span>compor<span class=\"_ _5\"></span>tato <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>decremento <span class=\"_ _7\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>attuale </div><div class=\"t m0 x23 h3 y15a5 ff1 fs1 fc1 sc0 ls0 ws0\">con <span class=\"_ _5\"></span>conseguente <span class=\"_ _5\"></span>riduzione significativa d<span class=\"_ _5\"></span>egli oneri <span class=\"_ _7\"></span>tale <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>compensare <span class=\"_ _5\"></span>quasi <span class=\"_ _5\"></span>interamente <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019effetto finanziario <span class=\"_ _5\"></span>dovuto </span></div><div class=\"t m0 x23 h3 y111e ff1 fs1 fc1 sc0 ls0 ws0\">al passare del tempo. </div><div class=\"t m0 x23 h3 y15a6 ff5 fs1 fc1 sc0 ls0 ws0\">Gli utilizzi rappres<span class=\"_ _3\"></span>entano gli esborsi effettivi <span class=\"_ _3\"></span>che si sono determi<span class=\"_ _3\"></span>nati nell\u2019anno<span class=\"_ _5\"></span><span class=\"ff1\">, mentre vengono </span>classificati come \u201cAlt<span class=\"_ _3\"></span>ri </div><div class=\"t m0 x23 h3 y15a7 ff5 fs1 fc1 sc0 ls0 ws0\">movimenti\u201d<span class=\"ff1\"> <span class=\"_ _5\"></span>principalmente le <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>delle s<span class=\"_ _5\"></span>time dei <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>chiusura e <span class=\"_ _5\"></span>post <span class=\"_ _5\"></span>chiusura <span class=\"_ _5\"></span>relativi alle <span class=\"_ _5\"></span>discariche attive, </span></div><div class=\"t m0 x23 h3 y1120 ff5 fs1 fc1 sc0 ls0 ws0\">che <span class=\"_ _5\"></span>comportano <span class=\"_ _7\"></span>l\u2019iscrizione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ettifica <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>uguale <span class=\"_ _7\"></span>ammontare <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>valore <span class=\"_ _7\"></span>de<span class=\"_ _7\"></span><span class=\"ff1\">gli <span class=\"_ _5\"></span>impianti <span class=\"_ _7\"></span>(asset <span class=\"_ _5\"></span>discarica), <span class=\"_ _5\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _5\"></span>9<span class=\"_ _5\"></span>,4 </span></div><div class=\"t m0 x23 h3 y14a0 ff5 fs1 fc1 sc0 ls0 ws0\">milioni di euro per l\u2019es<span class=\"_ _3\"></span>ercizio 202<span class=\"ff1\">4. </span></div><div class=\"t m0 x23 h3 y14a1 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div>\u201cFondo <span class=\"_ _5\"></span>cause <span class=\"_ _5\"></span>legali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>cont<span class=\"_ _5\"></span>enzioso d<span class=\"_ _5\"></span>el <span class=\"_ _5\"></span>personale\u201d <span class=\"_ _5\"></span>riflette<span class=\"ff1\"> <span class=\"_ _5\"></span></span>le<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>valutazioni sull\u2019esito <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>cause <span class=\"_ _7\"></span>legali e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>contenzioso promosso dal personal<span class=\"_ _3\"></span>e dipendente.<span class=\"_ _75\"> </span>\u201cFondo <span class=\"_ _5\"></span>smaltimento <span class=\"_ _5\"></span>rifiuti\u201d<span class=\"ff1\"> <span class=\"_ _7\"></span>rappresenta <span class=\"_ _5\"></span>la <span class=\"_ _7\"></span>stima <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>smaltimento <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>rifiuti <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>stoccati <span class=\"_ _5\"></span>presso <span class=\"_ _7\"></span>gli <span class=\"_ _5\"></span>impianti <span class=\"_ _5\"></span>del </span>Gruppo. <span class=\"_ _f\"> </span>Gli <span class=\"_ _d\"> </span>accantonamenti <span class=\"_ _f\"> </span>riflettono <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>costi <span class=\"_ _f\"> </span>stimati <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span><span class=\"ff5\">er <span class=\"_ _f\"> </span>i <span class=\"_ _d\"> </span>conferimenti <span class=\"_ _d\"> </span>dell\u2019anno <span class=\"_ _d\"> </span>2<span class=\"_ _5\"></span>02</span>4 <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>ancora <span class=\"_ _f\"> </span>processati <span class=\"_ _d\"> </span>al termine dell\u2019esercizio,<span class=\"ff1\"> <span class=\"_ _5\"></span>mentre <span class=\"_ _5\"></span>gli utilizzi<span class=\"_ _5\"></span> </span>rappresentano i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>sostenuti nel c<span class=\"_ _5\"></span>orso dell\u2019esercizio per<span class=\"_ _5\"></span> la <span class=\"_ _5\"></span>lavorazione dei rifiuti residui stoccati al 3<span class=\"_ _3\"></span>1 dicembre 2023. \u201cFondo <span class=\"_ _5\"></span>smantellamento <span class=\"_ _7\"></span>impianti\u201d<span class=\"ff1\"> <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>appresenta <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>stanziato <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>far <span class=\"_ _7\"></span>fronte <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>futuri <span class=\"_ _7\"></span>lavori <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>smantellamento <span class=\"_ _5\"></span>degli </span>impianti <span class=\"ff5\">laddove ne ricor<span class=\"_ _3\"></span>ra l\u2019obbligo<span class=\"ff1\">. </span></span>\u201cAltri <span class=\"_ _d\"> </span>fondi\u201d<span class=\"ff1\"> <span class=\"_ _d\"> </span>accolgono <span class=\"_ _d\"> </span>stanziamenti <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>f<span class=\"_ _5\"></span>ronte <span class=\"_ _e\"> </span>di <span class=\"_ _f\"> </span>rischi <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>var<span class=\"_ _5\"></span>ia <span class=\"_ _d\"> </span>natura. <span class=\"_ _d\"> </span>Di <span class=\"_ _d\"> </span>seguito <span class=\"_ _d\"> </span>si  riport<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>una <span class=\"_ _d\"> </span>descrizione <span class=\"_ _d\"> </span>delle </span>principali voci: PASSIVIT\u00c0 TIPOLOGIA 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>MLN/EURO Rischi derivanti dall\u2019atti<span class=\"_ _1\"></span>v<span class=\"_ _5\"></span>it\u00e0 di efficientam<span class=\"_ _3\"></span>ento energetico s<span class=\"_ _3\"></span>volta per conto di clienti prev<span class=\"_ _3\"></span>alentemente condomi<span class=\"_ _3\"></span>ni Probabile 18,3 23,8 Mancato riconoscime<span class=\"_ _3\"></span>nto degli oneri re<span class=\"_ _3\"></span>ndicontati nei mercati <span class=\"_ _3\"></span>energy regolamentati Probabile 15,8 \u2010<span class=\"ff4\"> </span>Garanzia sull\u2019espo<span class=\"_ _3\"></span>sizione finanziaria c<span class=\"_ _3\"></span>oncessa da Acega<span class=\"_ _3\"></span>sApsAmga Spa nell\u2019ipotesi <span class=\"_ _3\"></span>di abbandono delle attivit<span class=\"_ _3\"></span>\u00e0 che fanno prin<span class=\"_ _3\"></span>cipalmente capo alla controllat<span class=\"_ _3\"></span>a estera AresGa<span class=\"_ _3\"></span>s (Bulgaria) Potenziale 11,3 11,3 Rischio di mancato rist<span class=\"_ _3\"></span>oro da parte delle <span class=\"_ _3\"></span>Agenzia delle dogan<span class=\"_ _3\"></span>e in relazione alle addi<span class=\"_ _3\"></span>zionali sull'energia <span class=\"_ _3\"></span>elettrica rimborsate agli <span class=\"_ _3\"></span>utenti finali Probabile 10,3 9,0 Rischio contezio<span class=\"_ _3\"></span>si con Autorit\u00e0 garant<span class=\"_ _3\"></span>e Probabile 10,0 \u2010<span class=\"ff4\"> </span>Mancato riconoscime<span class=\"_ _3\"></span>nto del maggior c<span class=\"_ _3\"></span>osto dell\u2019energia el<span class=\"_ _3\"></span>ettrica utilizzata nello s<span class=\"_ _3\"></span>volgimento del servizi<span class=\"_ _3\"></span>o idrico nell\u2019anno 20<span class=\"_ _3\"></span>22 per superamento del li<span class=\"_ _3\"></span>mite massimo ammi<span class=\"_ _3\"></span>ssibile previsto dal <span class=\"_ _3\"></span>sistema tariffario Probabile 9,3 9,3 Mancato riconoscime<span class=\"_ _3\"></span>nto della quota d<span class=\"_ _3\"></span>ei certificati verdi degli im<span class=\"_ _3\"></span>pianti di cogenerazione c<span class=\"_ _3\"></span>alcolato sul differen<span class=\"_ _3\"></span>ziale dei servizi ausiliari derivanti dal totale <span class=\"_ _3\"></span>autoconsumo e <span class=\"_ _3\"></span>quelli stimati in base all<span class=\"_ _3\"></span>a percentuale da be<span class=\"_ _3\"></span>nchmark Probabile 8,9 14,0 Oneri per futuri interv<span class=\"_ _3\"></span>enti sugli <span class=\"ffb\">impianti coi<span class=\"_ _3\"></span>nvolti nell\u2019evento </span>alluvionale 2023 cop<span class=\"_ _3\"></span>erti da rimborsi as<span class=\"_ _3\"></span>sicurativi gi\u00e0 incassati Probabile 8,9 - Le  passivit\u00e0  classificate  come  potenziali  sono  s<span class=\"_ _5\"></span>tate  rilevate  in  sede  di  business <span class=\"_ _4\"> </span>combination  nell\u2019esercizio  di riferimento <span class=\"ff5\">dell\u2019operazio<span class=\"_ _3\"></span>ne.<span class=\"ff1\"> </span></span>Gli  a<span class=\"_ _5\"></span>ccantonamenti  <span class=\"ff5\">relativi  agli <span class=\"_ _4\"> </span>\u201cAltri <span class=\"_ _4\"> </span>fondi\u201d<span class=\"_ _5\"></span></span>,  pari <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>48,1  milioni  d<span class=\"_ _5\"></span>i  euro, <span class=\"_ _10\"> </span>presentano  una  di<span class=\"_ _5\"></span>minuzione  rispetto all\u2019esercizio prece<span class=\"_ _3\"></span>dente principalmente a fro<span class=\"_ _3\"></span>nte<span class=\"_ _5\"></span><span class=\"ff1\"> di: </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">significativa riduzione de<span class=\"ff5\">ll<span class=\"_ _5\"></span>\u2019attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>di efficientamento energ<span class=\"ff1\">e<span class=\"_ _5\"></span>tico degli edifici e <span class=\"_ _5\"></span>conseguenti rischiosit\u00e0, specie con </span></span></span></span>le imprese appaltatri<span class=\"_ _3\"></span>ci<span class=\"_ _5\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">decremento <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>egli <span class=\"_ _6\"></span>accanto<span class=\"_ _3\"></span>namenti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>decomissioni<span class=\"_ _5\"></span>ng <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impianti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>trattamento, <span class=\"_ _6\"></span>gi\u00e0 <span class=\"_ _6\"></span>ampiamente </span></span>appostati al 31 dic<span class=\"_ _3\"></span>embre 2023; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">valutazione <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _7\"></span>2024 <span class=\"_ _6\"></span><span class=\"lse\">de</span>l <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>ischio <span class=\"_ _7\"></span>derivante <span class=\"_ _7\"></span>dalla <span class=\"_ _6\"></span>delibera <span class=\"_ _7\"></span>Arera <span class=\"_ _7\"></span><span class=\"lse\">n.<span class=\"_ _5\"></span></span>388 <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _7\"></span>relazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _6\"></span>clie<span class=\"_ _3\"></span>ntela <span class=\"_ _6\"></span>de<span class=\"_ _3\"></span>l </span></span>mercato salvaguardia non di<span class=\"_ _3\"></span>salimentabile da considerare ammi<span class=\"_ _3\"></span>ssibile nelle proce<span class=\"_ _3\"></span>dure di rendicontazi<span class=\"_ _3\"></span>one<span class=\"_ _5\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">valutazione <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>una <span class=\"_ _e\"></span>probabile <span class=\"_ _6\"></span>contestazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>del<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019Autorit\u00e0</span> </span></span>garante della privacy. Le <span class=\"_ _5\"></span>\u201cVariazioni dell<span class=\"_ _5\"></span>\u2019area di <span class=\"_ _5\"></span>consolidamento\u201d <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fondi <span class=\"_ _7\"></span><span class=\"ff1\">relativi a <span class=\"_ _7\"></span>societ\u00e0 e <span class=\"_ _5\"></span>rami <span class=\"_ _5\"></span>aziendali<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>controllo \u00e8 <span class=\"_ _5\"></span>stato </span>acquisito nel corso d<span class=\"_ _3\"></span>ell\u2019esercizio 2024, come riportato alla nota 2<span class=\"_ _3\"></span>.02.10 \u201cAltre informazi<span class=\"_ _3\"></span>oni\u201d.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Per una disamina dei f<span class=\"_ _3\"></span>ondi iscritti per cont<span class=\"_ _3\"></span>enziosi fiscali si riman<span class=\"_ _3\"></span>da <span class=\"_ _5\"></span><span class=\"ff5\">alla nota 12 \u201c</span>Imposte<span class=\"ff5 ls13\">\u201d.</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "32<span class=\"ls55\">  <span class=\"ls0\">Rimanenze </span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Stoccaggi gas 85,8 114,6 (28,8) Materie prime e <span class=\"_ _3\"></span>scorte 69,2 70,2 (1,0) Materiali destinati alla <span class=\"_ _3\"></span>vendita e prodotti <span class=\"_ _3\"></span>finiti 13,1 13,7 (0,6) Totale 168,1 198,5 (30,4) \u201cStoccaggi <span class=\"_ _d\"> </span>gas\u201d, <span class=\"_ _f\"> </span>gi\u00e0 <span class=\"_ _d\"> </span>esposti <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>netto <span class=\"_ _f\"> </span>del <span class=\"_ _d\"> </span>relativo <span class=\"_ _f\"> </span>fondo <span class=\"_ _d\"> </span>svalutazione, <span class=\"_ _d\"> </span>rappresentano <span class=\"_ _d\"> </span>le  <span class=\"ff1\">giacenze <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>ga<span class=\"ls11\">s <span class=\"_ _d\"> </span></span>metano </span>destinate alla vendita. <span class=\"_ _3\"></span>La variazione risp<span class=\"_ _3\"></span>etto al termine dell\u2019eserc<span class=\"_ _3\"></span>izio precedente \u00e8 dovuta<span class=\"_ _5\"></span><span class=\"ff1\"> principalmente: </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">alla <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>iminuzione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"> </span>prezzi <span class=\"_ _e\"> </span>all\u2019ingrosso <span class=\"_ _6\"></span>registrata <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>corso <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>el<span class=\"_ _5\"></span>l\u2019esercizio<span class=\"ff1\"> <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>4, <span class=\"_ _6\"></span>che <span class=\"_ _e\"></span>ha <span class=\"_ _6\"></span>determinato <span class=\"_ _6\"></span>u<span class=\"_ _5\"></span>n <span class=\"_ _6\"></span>costo </span></span></span>medio di carico pi\u00f9 con<span class=\"_ _3\"></span>tenuto; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ai <span class=\"_ _e\"> </span>minori <span class=\"_ _d\"> </span>volumi <span class=\"_ _e\"></span>in <span class=\"_ _d\"> </span>giacenza <span class=\"_ _e\"></span>a <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>ine <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>effetto <span class=\"_ _d\"> </span>delle <span class=\"_ _e\"></span>minori <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>stoccaggio <span class=\"_ _e\"> </span>acquistate <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>er <span class=\"_ _e\"></span>la </span></span>stagione autunno inv<span class=\"_ _3\"></span>erno 2024-2025. Come <span class=\"_ _10\"> </span>illustrato <span class=\"_ _10\"> </span>nella <span class=\"_ _8\"> </span>rel<span class=\"_ _3\"></span>azione <span class=\"_ _10\"> </span>sulla <span class=\"_ _8\"> </span>gestio<span class=\"_ _3\"></span>ne <span class=\"_ _10\"> </span>al <span class=\"_ _8\"> </span>par<span class=\"_ _3\"></span>agrafo <span class=\"_ _10\"> </span>1.04 <span class=\"_ _10\"> </span><span class=\"ff5\">\u201c<span class=\"_ _5\"></span>Sintesi <span class=\"_ _10\"> </span>andamento <span class=\"_ _10\"> </span>economico</span>-finanziario <span class=\"_ _10\"> </span>e definizione <span class=\"_ _4\"> </span>degli <span class=\"_ _10\"> </span>indicatori <span class=\"_ _4\"> </span>alternativi <span class=\"_ _10\"> </span>di <span class=\"_ _4\"> </span>performance\u201d, <span class=\"_ _4\"> </span>ne<span class=\"_ _5\"></span>lla  d<span class=\"_ _5\"></span>eterminazione <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>costo <span class=\"_ _4\"> </span>medio <span class=\"_ _10\"> </span>delle <span class=\"_ _4\"> </span>rimanenze vengono <span class=\"_ _e\"></span>presi <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>considerazione <span class=\"_ _e\"></span>tutti <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>acquisti <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>gas <span class=\"_ _e\"></span>naturale <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>ffettuati <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>iniezione <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>stoccaggio, senza <span class=\"_ _5\"></span>alcuna d<span class=\"_ _5\"></span>istinzione circa <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>finalit\u00e0 <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>stessi, <span class=\"_ _5\"></span>diversament<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>quello che <span class=\"_ _5\"></span>avviene <span class=\"_ _5\"></span>gestionalmente <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>un p<span class=\"_ _5\"></span>i\u00f9 puntuale <span class=\"_ _d\"> </span>monitoraggio <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>business. <span class=\"_ _d\"> </span>I<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>prezzi <span class=\"_ _f\"> </span>decrescent<span class=\"_ _3\"></span>i <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>il <span class=\"_ _d\"> </span>criterio <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>valutazione <span class=\"_ _d\"> </span>massivo <span class=\"_ _d\"> </span>d<span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ontratti <span class=\"_ _d\"> </span>hanno determinato <span class=\"_ _6\"></span>una <span class=\"_ _e\"></span>valorizzazione <span class=\"_ _6\"></span>contabile <span class=\"_ _e\"></span>delle <span class=\"_ _6\"></span>scorte <span class=\"_ _e\"></span>superiore <span class=\"_ _6\"></span>a <span class=\"_ _e\"></span>quello <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>pu\u00f2<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>identificato <span class=\"_ _e\"></span>come <span class=\"_ _6\"></span>valore netto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>realizzo <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>luce <span class=\"_ _e\"></span>dei <span class=\"_ _6\"></span>contratti <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>endita <span class=\"_ _6\"></span>a <span class=\"_ _e\"> </span>termine <span class=\"_ _e\"></span>gi\u00e0 <span class=\"_ _e\"></span>sottoscritti <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>Gruppo <span class=\"_ _6\"></span>al<span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>riferimento <span class=\"_ _6\"></span>del bilancio. <span class=\"_ _d\"> </span>Per <span class=\"_ _e\"> </span>tali <span class=\"_ _d\"> </span>ragioni <span class=\"_ _d\"> </span>si <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>proceduto <span class=\"_ _e\"></span>a<span class=\"_ _5\"></span>d<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>allineare <span class=\"_ _d\"> </span>contabilmente <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>scorte <span class=\"_ _d\"> </span>al <span class=\"_ _e\"> </span>p<span class=\"_ _5\"></span>resumibile <span class=\"_ _e\"></span>valore <span class=\"_ _d\"> </span>di realizzo <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>netto <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>osti <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>vendita<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _7\"></span></span>rilevando <span class=\"_ _7\"></span>una <span class=\"_ _5\"></span>rettifica <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>fine <span class=\"_ _7\"></span>periodo <span class=\"_ _5\"></span>pari <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>17,8 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _5\"></span>(<span class=\"_ _5\"></span><span class=\"ls10\">27</span>,4 <span class=\"_ _5\"></span>milioni <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> euro al 31 dicembre 202<span class=\"_ _3\"></span>3).<span class=\"_ _75\"> </span>\u201cMaterie prime e scort<span class=\"_ _3\"></span>e\u201d, gi\u00e0 esposte al netto d<span class=\"_ _3\"></span>el relativo fondo svalut<span class=\"_ _3\"></span>azione, sono costituite p<span class=\"_ _3\"></span>rincipalmente<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"lse\">da<span class=\"_ _5\"></span></span>: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Materiali di ricambi<span class=\"_ _3\"></span>o e apparecchiat<span class=\"_ _3\"></span>ure 61,8 61,3 0,5 Materie plastiche<span class=\"_ _3\"></span> 7,2 8,8 (1,6) Altri combustibili 0,2 0,1 0,1 Totale 69,2 70,2 (1,0) \u201cMateriali <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>estinati <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>v<span class=\"_ _5\"></span>endita<span class=\"ff1\"> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>prodotti <span class=\"_ _6\"></span>finit<span class=\"_ _3\"></span>i<span class=\"ff5\">\u201d, <span class=\"_ _6\"></span></span>gi\u00e0 <span class=\"_ _6\"></span>esposte <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>netto <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>relativo <span class=\"_ _6\"></span>fondo <span class=\"_ _7\"></span>svalutazione<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _6\"></span></span>sono <span class=\"_ _6\"></span>costituiti<span class=\"_ _3\"></span> </span>principalmente da: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Prodotti plastici 9,9 8,4 1,5 Materiale per impia<span class=\"_ _3\"></span>nti fotovoltaici 3,0 4,9 (1,9) Altri prodotti/mat<span class=\"_ _3\"></span>eriali 0,2 0,4 (0,2) Totale 13,1 13,7 (0,6) Come <span class=\"_ _e\"> </span>esposto <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>paragrafo <span class=\"_ _e\"> </span>2.02.01 <span class=\"_ _e\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>cor<span class=\"_ _5\"></span>so <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>presente <span class=\"_ _d\"> </span>esercizio, <span class=\"_ _6\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>introdotte <span class=\"_ _6\"> </span>nuove righe <span class=\"_ _4\"> </span>negli <span class=\"_ _4\"> </span>schemi <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span>  bilancio <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>di  conseguenza  sono<span class=\"_ _5\"></span>  state <span class=\"_ _4\"> </span>effettuate <span class=\"_ _4\"> </span>alcune <span class=\"_ _8\"> </span>riesposizioni <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>qu<span class=\"_ _3\"></span>anto pubblicato al 31 dicembre 20<span class=\"_ _3\"></span>23. In<span class=\"_ _5\"></span> particolare, si seg<span class=\"_ _3\"></span>nala che <span class=\"ff5\">nell\u2019esercizio precedente </span>le <span class=\"ff5 lsd\">\u201cR</span>imanenze<span class=\"ff5\">\u201d</span> accoglievano le risultanze dei lavori in corso su ordin<span class=\"_ _3\"></span>azione<span class=\"_ _5\"></span> per 433,1 milioni di euro, che sono state esposte<span class=\"_ _5\"></span> al 31 dicembre 2024<span class=\"ls25\">, </span>per <span class=\"_ _e\"> </span>entrambi <span class=\"_ _d\"> </span>i <span class=\"_ _e\"> </span>periodi <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>confronto,<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>nella <span class=\"_ _d\"> </span>voce <span class=\"_ _d\"> </span><span class=\"ff5\">di <span class=\"_ _e\"> </span>nuova <span class=\"_ _d\"> </span>introduzione <span class=\"_ _e\"> </span>\u201c<span class=\"_ _5\"></span></span>Attivit\u00e0 <span class=\"_ _e\"></span>correnti <span class=\"_ _e\"> </span>derivanti <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>contratti <span class=\"_ _e\"></span>con <span class=\"_ _d\"> </span><span class=\"ls23\">i </span>clienti<span class=\"ff5\">\u201d</span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-437": {
   "value": "33<span class=\"ls55\">  <span class=\"ls0\">Crediti com<span class=\"_ _3\"></span>merciali  </span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Crediti verso clienti 2.133,9 3.066,5 (932,6) Crediti verso clienti <span class=\"_ _3\"></span>per bollette e fattur<span class=\"_ _3\"></span>e da emettere 1.748,7 1.147,0 601,7 Fondo svalutazi<span class=\"_ _3\"></span>one crediti (710,1) (626,7) (83,4) Totale 3.172,5 3.586,8 (414,3) I <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>commerciali <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>comprensivi <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>consumi <span class=\"_ _5\"></span>stimati, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>quota <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>competenza <span class=\"_ _5\"></span>del p<span class=\"_ _5\"></span>eriodo, <span class=\"_ _5\"></span>relativamente a bollette <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>fatture <span class=\"_ _e\"></span>che <span class=\"_ _d\"> </span>saranno <span class=\"_ _e\"></span>emesse <span class=\"_ _e\"> </span>dopo <span class=\"_ _d\"> </span>la <span class=\"_ _e\"> </span>data <span class=\"_ _d\"> </span>del<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>3<span class=\"_ _5\"></span>1 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>2024, <span class=\"_ _d\"> </span>nonch\u00e9 <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>crediti <span class=\"_ _d\"> </span>per <span class=\"_ _e\"> </span>ricavi <span class=\"_ _d\"> </span>maturati nell\u2019esercizio con <span class=\"_ _7\"></span>riferimento al <span class=\"_ _5\"></span>settore <span class=\"_ _5\"></span>idrico <span class=\"_ _5\"></span>che, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>funzione delle <span class=\"_ _7\"></span>modalit\u00e0 di <span class=\"_ _6\"></span><span class=\"ff1\">addebito a<span class=\"_ _5\"></span>gli u<span class=\"_ _5\"></span>tenti <span class=\"_ _5\"></span>finali determinate </span>dall\u2019Autorit\u00e0, verrann<span class=\"_ _3\"></span>o fatturati nei prossimi e<span class=\"_ _3\"></span>sercizi.<span class=\"_ _5\"></span><span class=\"ff1\">  </span>La <span class=\"_ _6\"></span>variazione <span class=\"_ _7\"></span>dello <span class=\"_ _6\"></span>stock <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span><span class=\"ff5\">crediti <span class=\"_ _7\"></span>gestito <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>esercizio <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>recedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _e\"> </span><span class=\"ff1\">dovuta <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>diversi <span class=\"_ _7\"></span>fenomeni <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>hanno </span></span>avuto effetti contrappo<span class=\"_ _3\"></span>sti. Di seguito sono riportati i principali: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">diminuzione <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>fatture <span class=\"_ _e\"> </span>emesse <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>relazione <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>servizi <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>efficientamento <span class=\"_ _e\"></span>energetico <span class=\"_ _e\"></span>svolti <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>dei </span></span>condomini. <span class=\"_ _6\"></span><span class=\"ff5\">Nell\u2019ultimo <span class=\"_ _6\"></span>trimestre<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dell\u2019<span class=\"ff1\">e<span class=\"_ _5\"></span>sercizio <span class=\"_ _6\"></span>2023, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>particolare, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>h<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>proceduto <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>fatturare <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>stato </span></span>avanzamento <span class=\"_ _6\"></span>dei <span class=\"_ _d\"> </span>cantieri, <span class=\"_ _e\"></span>quasi <span class=\"_ _6\"></span>interamente <span class=\"_ _e\"></span>conclusi, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>interventi <span class=\"_ _e\"></span>rientranti <span class=\"_ _6\"></span>nel <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>uperbonus <span class=\"_ _6\"></span>110%. <span class=\"_ _d\"> </span>Tali crediti <span class=\"_ _5\"></span>commerciali, <span class=\"_ _5\"></span>valutati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>loro <span class=\"_ _5\"></span>rilevazione <span class=\"_ _5\"></span>iniziale, <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>volta <span class=\"_ _7\"></span>terminato nei <span class=\"_ _7\"></span>primi mesi <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>l\u2019invio <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>documentazione <span class=\"_ _6\"></span>necess<span class=\"_ _3\"></span>aria <span class=\"_ _6\"></span>all\u2019Agenzia <span class=\"_ _6\"></span>delle <span class=\"_ _d\"> </span><span class=\"ff1\">entrate, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>riconosciuti <span class=\"_ _6\"></span>come </span>crediti d\u2019imposta, es<span class=\"_ _3\"></span>sendo previsto il mecca<span class=\"_ _3\"></span>nismo dello sconto i<span class=\"_ _3\"></span>n fattura nel rapporto con<span class=\"_ _3\"></span>trattuale con il cli<span class=\"_ _3\"></span>ente; <span class=\"_ _7\"></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">aumento <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>crediti <span class=\"_ _10\"> </span>verso <span class=\"_ _10\"> </span>clienti <span class=\"_ _10\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _10\"> </span>fatture <span class=\"_ _10\"> </span>da <span class=\"_ _10\"> </span>emettere <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>re<span class=\"_ _5\"></span>lazione, <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>particolare, <span class=\"_ _10\"> </span>alle <span class=\"_ _10\"> </span>operazioni <span class=\"_ _10\"> </span>di </span></span>intermediazione <span class=\"_ _7\"></span>sui <span class=\"_ _6\"></span>mercat<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>ll\u2019ingro<span class=\"ff1\">sso <span class=\"_ _6\"></span>realiz<span class=\"_ _3\"></span>zate <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>fine <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>sercizio, <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>prevedono <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>regolazione <span class=\"_ _7\"></span>finanziaria </span>nei primi mesi del 202<span class=\"_ _3\"></span>5,<span class=\"_ _5\"></span> per i qu<span class=\"_ _3\"></span>ali si <span class=\"ff5\">evidenza un andamento si<span class=\"_ _3\"></span>milare alla voce \u201cDe<span class=\"_ _3\"></span>biti commerciali\u201d<span class=\"ff1\">.<span class=\"_ _75\"> </span></span></span>Il  valor<span class=\"_ _3\"></span>e  dei <span class=\"_ _f\"> </span>crediti  comm<span class=\"_ _3\"></span>erciali  r<span class=\"_ _3\"></span>appresentati  i<span class=\"_ _3\"></span>n <span class=\"_ _f\"> </span>bilancio  al  31  dicembre <span class=\"_ _f\"> </span>2024  <span class=\"ff5\">costituisce <span class=\"_ _f\"> </span>l\u2019esposizione <span class=\"_ _f\"> </span>teorica </span>massima al rischio di c<span class=\"_ _3\"></span>redito per il Gruppo. La movimentazione del correlato fond<span class=\"_ _3\"></span>o svalutazione \u00e8 la seguente:<span class=\"_ _75\"> </span><div class=\"c w2df h35b gsba4\"><div class=\"t mb x19 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONSISTENZA </div><div class=\"t mb x7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">INIZIALE</div><div class=\"t mb x7 h13 y1e43 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c wec h35b gsba5\"><div class=\"t mb x7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">ACCANTONAMEN<span class=\"_ _3\"></span>TI</div><div class=\"t mb x7 h13 y1e44 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2e0 h35b gsba6\"><div class=\"t mb xfd h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">VARIAZIONE </div><div class=\"t mb x19 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">DELL'AREA DI </div><div class=\"t mb x7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONSOLIDAME<span class=\"_ _3\"></span>NTO</div><div class=\"t mb x7 h13 y1e0f ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2e1 h35b gsba7\"><div class=\"t mb x19 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">UTILIZZI E ALT<span class=\"_ _3\"></span>RI </div><div class=\"t mb x7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">MOVIMENTI</div><div class=\"t mb x7 h13 y9bc ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2e0 h35b gsba8\"><div class=\"t mb x19 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">CONSISTENZA </div><div class=\"t mb x7 h13 yc6e ff2 fs3 fc2 sc0 ls0 ws0\">FINALE</div><div class=\"t mb x7 h13 y87 ff2 fs3 fc2 sc0 ls0 ws0\"> </div></div><div class=\"c w2de h3c gsba9\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Esercizio 2023 </div></div><div class=\"c w2df h3c gsbaa\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">552,0 </div></div><div class=\"c wec h3c gsbab\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">158,0 </div></div><div class=\"c w2e0 h3c gsbac\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1,7 </div></div><div class=\"c w2e1 h3c gsbad\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(85,0) </div></div><div class=\"c w2e0 h3c gsbae\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">626,7 </div></div><div class=\"c w2de h3c gsbaf\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Esercizio 2024 </div></div><div class=\"c w2df h3c gsbb0\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">626,7 </div></div><div class=\"c wec h3c gsbb1\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">122,9 </div></div><div class=\"c w2e0 h3c gsbb2\"><div class=\"t m0 x7 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2e1 h3c gsbb3\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(39,5) </div></div><div class=\"c w2e0 h3c gsbb4\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">710,1 </div></div><div class=\"c w2 h0 gsbb5\"><div class=\"t m0 x23 h43 y1823 ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019appostamento del fondo viene effettuato sulla b<span class=\"_ _5\"></span>ase di valutazioni analitiche in <span class=\"_ _5\"></span>relazione a specifici crediti, integrate </div><div class=\"t m0 x23 h43 y1e45 ff5 fs1 fc1 sc0 ls0 ws0\">da <span class=\"_ _7\"></span>valutazioni <span class=\"_ _7\"></span>basate <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>analisi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rospettiche <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>guardanti <span class=\"_ _5\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>clientela <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>mas<span class=\"_ _3\"></span>sa <span class=\"_ _6\"></span>(in <span class=\"_ _5\"></span>relazione <span class=\"_ _7\"></span>all\u2019anzianit\u00e0 </div><div class=\"t m0 x23 h3 y102d ff1 fs1 fc1 sc0 ls0 ws0\">del <span class=\"_ _5\"></span>credito, a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>tipo di <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>recupero <span class=\"_ _5\"></span>intraprese e <span class=\"_ _5\"></span>allo <span class=\"_ _5\"></span>status del <span class=\"_ _5\"></span>debitore), <span class=\"_ _6\"></span><span class=\"ff5\">come descritto <span class=\"_ _5\"></span>nella s<span class=\"_ _5\"></span>ezione \u201cGestione </span></div><div class=\"t m0 x23 h3 y5c4 ff5 fs1 fc1 sc0 ls0 ws0\">dei <span class=\"_ _4\"> </span>rischi\u201d <span class=\"_ _4\"> </span><span class=\"ff1\">del <span class=\"_ _4\"> </span>paragrafo <span class=\"_ _4\"> </span>2.02.01 <span class=\"_ _10\"> </span></span>\u201cIntroduzione\u201d.  La <span class=\"_ _4\"> </span>variazione <span class=\"_ _4\"> </span>rispetto  a<span class=\"_ _5\"></span>ll\u2019esercizio  precedente  \u00e8 <span class=\"_ _10\"> </span>riconduci<span class=\"_ _3\"></span>bile<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 ycf5 ff1 fs1 fc1 sc0 ls0 ws0\">principalmente <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>minori <span class=\"_ _5\"></span>accantonamenti s<span class=\"_ _5\"></span>ui <span class=\"_ _5\"></span>mercati <span class=\"_ _5\"></span>tradizionali <span class=\"_ _5\"></span>energy, <span class=\"_ _6\"></span>sia <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>effetto <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>minori <span class=\"_ _5\"></span>volumi <span class=\"_ _7\"></span>venduti <span class=\"_ _7\"></span>sul </div><div class=\"t m0 x23 h3 y102e ff1 fs1 fc1 sc0 ls0 ws0\">mercato <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>gas <span class=\"_ _d\"> </span>sia <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _e\"> </span>contrazione <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>prezzi <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>riferimento <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _d\"> </span>commodity, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>agli  accant<span class=\"_ _3\"></span>onamenti </div><div class=\"t m0 x23 h3 y99c ff1 fs1 fc1 sc0 ls0 ws0\">appostati <span class=\"_ _6\"></span>nello <span class=\"_ _6\"></span>scorso <span class=\"_ _6\"></span>es<span class=\"_ _3\"></span>ercizio <span class=\"_ _e\"></span>particolarmente <span class=\"_ _6\"></span>rile<span class=\"_ _3\"></span>vanti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>ambientali, <span class=\"_ _6\"></span>non </div><div class=\"t m0 x23 h3 y1030 ff5 fs1 fc1 sc0 ls0 ws0\">presenti <span class=\"_ _5\"></span>nell\u2019esercizio <span class=\"_ _5\"></span>corrente<span class=\"ff1\">. <span class=\"_ _7\"></span></span>Tali <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>parzialmente <span class=\"_ _5\"></span>compensati <span class=\"_ _5\"></span>dall\u2019incremento <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>accantonamenti </div><div class=\"t m0 x23 h3 y1031 ff1 fs1 fc1 sc0 ls0 ws0\">per <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _e\"></span>energy <span class=\"_ _e\"> </span>ac<span class=\"_ _5\"></span>quisiti<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>nei <span class=\"_ _e\"></span>territori <span class=\"_ _e\"> </span>precedentemente <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>presidiati, <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>evidenziano <span class=\"_ _e\"> </span>profili <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>affidabilit\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>di </div><div class=\"t m0 x23 h3 y17ed ff1 fs1 fc1 sc0 ls0 ws0\">regolarit\u00e0 dei pagam<span class=\"_ _3\"></span>enti inferiori a quelli <span class=\"_ _3\"></span>della clientela storic<span class=\"_ _3\"></span>a del Gruppo. <span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 yccd ff1 fs1 fc1 sc0 ls16 ws0\">I <span class=\"_ _6\"></span><span class=\"ls0\">minori <span class=\"_ _6\"></span>utiliz<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>movim<span class=\"_ _3\"></span>enti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>perio<span class=\"_ _3\"></span>do <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>princi<span class=\"_ _3\"></span>palmente <span class=\"_ _6\"></span>imputabil<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>riduzi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>volu<span class=\"_ _5\"></span>mi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cessioni <span class=\"_ _7\"></span>di </span></div><div class=\"t m0 x23 h3 ydb4 ff1 fs1 fc1 sc0 ls0 ws0\">crediti <span class=\"_ _6\"></span>non-<span class=\"ff5\">performing <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>ffettuate <span class=\"_ _7\"></span>ne<span class=\"_ _5\"></span>ll\u2019esercizio</span> <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dic<span class=\"_ _3\"></span>embre <span class=\"_ _6\"></span>2023. <span class=\"_ _6\"></span>Tale <span class=\"_ _6\"></span>tipologia <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>cessioni <span class=\"_ _6\"></span>comporta <span class=\"_ _6\"></span>la </div><div class=\"t m0 x23 h3 y5d ff1 fs1 fc1 sc0 ls0 ws0\">completa derecognitio<span class=\"_ _3\"></span>n del valore degli ste<span class=\"_ _3\"></span>ssi mediante utilizzo del <span class=\"_ _3\"></span>fondo stanziato.<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h3 y1032 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1033 ff1 fs1 fc1 sc0 ls0 ws0\">Si dettagliano nella t<span class=\"_ _5\"></span>abella sottostante i <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>per fatture e<span class=\"_ _5\"></span>messe relativi a <span class=\"_ _5\"></span>tutti i <span class=\"_ _5\"></span>cluster di clientela,<span class=\"_ _5\"></span> d<span class=\"_ _5\"></span>istinti per fasce </div><div class=\"t m0 x23 h3 y1e46 ff1 fs1 fc1 sc0 ls0 ws0\">di scaduto: </div><div class=\"t m0 x23 h3 y1034 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2df h3c gsbb6\"><div class=\"t m0 x2b h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c wec h3c gsbb7\"><div class=\"t m0 x1 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">INC.% </div></div><div class=\"c w2e0 h3c gsbb8\"><div class=\"t m0 x2b h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2e1 h3c gsbb9\"><div class=\"t m0 x1 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">INC.% </div></div><div class=\"c w2e0 h3c gsbba\"><div class=\"t m0 xb6 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w2de h3c gsbbb\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">A scadere </div></div><div class=\"c w2df h3c gsbbc\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">592,6 </div></div><div class=\"c wec h3c gsbbd\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">28% </div></div><div class=\"c w2e0 h3c gsbbe\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">1.227,4 </div></div><div class=\"c w2e1 h3c gsbbf\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">40% </div></div><div class=\"c w2e0 h3c gsbc0\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(634,8) </div></div><div class=\"c w2de h3c gsbc1\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Scaduto 0-30 gg </div></div><div class=\"c w2df h3c gsbc2\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">173,8 </div></div><div class=\"c wec h3c gsbc3\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">8%<span class=\"ls0\"> </span></div></div><div class=\"c w2e0 h3c gsbc4\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">429,3 </div></div><div class=\"c w2e1 h3c gsbc5\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">14% </div></div><div class=\"c w2e0 h3c gsbc6\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(255,5) </div></div><div class=\"c w2de h3c gsbc7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Scaduto 31-180 gg<span class=\"_ _3\"></span> </div></div><div class=\"c w2df h3c gsbc8\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">183,7 </div></div><div class=\"c wec h3c gsbc9\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">9%<span class=\"ls0\"> </span></div></div><div class=\"c w2e0 h3c gsbca\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">398,1 </div></div><div class=\"c w2e1 h3c gsbcb\"><div class=\"t m0 xac hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13% </div></div><div class=\"c w2e0 h3c gsbcc\"><div class=\"t m0 xfd hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(214,4) </div></div><div class=\"c w2de h3c gsbcd\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Scaduto 181-360 g<span class=\"_ _3\"></span>g </div></div><div class=\"c w2df h3c gsbce\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">199,8 </div></div><div class=\"c wec h3c gsbcf\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">9%<span class=\"ls0\"> </span></div></div><div class=\"c w2e0 h3c gsbd0\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">230,4 </div></div><div class=\"c w2e1 h3c gsbd1\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc10 sc0 ls1 ws0\">8%<span class=\"ls0\"> </span></div></div><div class=\"c w2e0 h3c gsbd2\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(30,6) </div></div><div class=\"c w2de h98 gsbd4\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Scaduto oltre 360 <span class=\"_ _3\"></span>gg </div></div><div class=\"c w2df h98 gsbd5\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">984,0 </div></div><div class=\"c wec h98 gsbd6\"><div class=\"t m0 xac hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">46% </div></div><div class=\"c w2e0 h98 gsbd7\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">781,3 </div></div><div class=\"c w2e1 h98 gsbd8\"><div class=\"t m0 xac hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">25% </div></div><div class=\"c w2e0 h98 gsbd9\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">202,7 </div></div><div class=\"c w2de h3c gsbda\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w2df h3c gsbdb\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">2.133,9 </div></div><div class=\"c w2e0 h3c gsbdc\"><div class=\"t m0 x4 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">3.066,5 </div></div><div class=\"c w2e0 h3c gsbdd\"><div class=\"t m0 xfd h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">(932,6) </div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-63": {
   "value": "Il  valor<span class=\"_ _3\"></span>e  dei <span class=\"_ _f\"> </span>crediti  comm<span class=\"_ _3\"></span>erciali  r<span class=\"_ _3\"></span>appresentati  i<span class=\"_ _3\"></span>n <span class=\"_ _f\"> </span>bilancio  al  31  dicembre <span class=\"_ _f\"> </span>2024  <span class=\"ff5\">costituisce <span class=\"_ _f\"> </span>l\u2019esposizione <span class=\"_ _f\"> </span>teorica </span>massima al rischio di c<span class=\"_ _3\"></span>redito per il Gruppo. La movimentazione del correlato fond<span class=\"_ _3\"></span>o svalutazione \u00e8 la seguente:<span class=\"_ _75\"> </span>CONSISTENZA INIZIALEACCANTONAMEN<span class=\"_ _3\"></span>TIVARIAZIONE DELL'AREA DI CONSOLIDAME<span class=\"_ _3\"></span>NTOUTILIZZI E ALT<span class=\"_ _3\"></span>RI MOVIMENTICONSISTENZA FINALEEsercizio 2023 552,0 158,0 1,7 (85,0) 626,7 Esercizio 2024 626,7 122,9 \u2010<span class=\"ff4\"> </span>(39,5) 710,1 L\u2019appostamento del fondo viene effettuato sulla b<span class=\"_ _5\"></span>ase di valutazioni analitiche in <span class=\"_ _5\"></span>relazione a specifici crediti, integrate da <span class=\"_ _7\"></span>valutazioni <span class=\"_ _7\"></span>basate <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>analisi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>rospettiche <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>crediti <span class=\"_ _5\"></span>ri<span class=\"_ _5\"></span>guardanti <span class=\"_ _5\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>clientela <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>mas<span class=\"_ _3\"></span>sa <span class=\"_ _6\"></span>(in <span class=\"_ _5\"></span>relazione <span class=\"_ _7\"></span>all\u2019anzianit\u00e0 del <span class=\"_ _5\"></span>credito, a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>tipo di <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>recupero <span class=\"_ _5\"></span>intraprese e <span class=\"_ _5\"></span>allo <span class=\"_ _5\"></span>status del <span class=\"_ _5\"></span>debitore), <span class=\"_ _6\"></span><span class=\"ff5\">come descritto <span class=\"_ _5\"></span>nella s<span class=\"_ _5\"></span>ezione \u201cGestione </span>dei <span class=\"_ _4\"> </span>rischi\u201d <span class=\"_ _4\"> </span><span class=\"ff1\">del <span class=\"_ _4\"> </span>paragrafo <span class=\"_ _4\"> </span>2.02.01 <span class=\"_ _10\"> </span></span>\u201cIntroduzione\u201d.  La <span class=\"_ _4\"> </span>variazione <span class=\"_ _4\"> </span>rispetto  a<span class=\"_ _5\"></span>ll\u2019esercizio  precedente  \u00e8 <span class=\"_ _10\"> </span>riconduci<span class=\"_ _3\"></span>bile<span class=\"_ _5\"></span><span class=\"ff1\"> </span>principalmente <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>minori <span class=\"_ _5\"></span>accantonamenti s<span class=\"_ _5\"></span>ui <span class=\"_ _5\"></span>mercati <span class=\"_ _5\"></span>tradizionali <span class=\"_ _5\"></span>energy, <span class=\"_ _6\"></span>sia <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>effetto <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>minori <span class=\"_ _5\"></span>volumi <span class=\"_ _7\"></span>venduti <span class=\"_ _7\"></span>sul mercato <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>gas <span class=\"_ _d\"> </span>sia <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _e\"> </span>contrazione <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>prezzi <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>riferimento <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>elle <span class=\"_ _d\"> </span>commodity, <span class=\"_ _e\"> </span>oltre <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>agli  accant<span class=\"_ _3\"></span>onamenti appostati <span class=\"_ _6\"></span>nello <span class=\"_ _6\"></span>scorso <span class=\"_ _6\"></span>es<span class=\"_ _3\"></span>ercizio <span class=\"_ _e\"></span>particolarmente <span class=\"_ _6\"></span>rile<span class=\"_ _3\"></span>vanti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>ambientali, <span class=\"_ _6\"></span>non presenti <span class=\"_ _5\"></span>nell\u2019esercizio <span class=\"_ _5\"></span>corrente<span class=\"ff1\">. <span class=\"_ _7\"></span></span>Tali <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _5\"></span>solo <span class=\"_ _5\"></span>parzialmente <span class=\"_ _5\"></span>compensati <span class=\"_ _5\"></span>dall\u2019incremento <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>accantonamenti per <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _e\"></span>energy <span class=\"_ _e\"> </span>ac<span class=\"_ _5\"></span>quisiti<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>nei <span class=\"_ _e\"></span>territori <span class=\"_ _e\"> </span>precedentemente <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>presidiati, <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>evidenziano <span class=\"_ _e\"> </span>profili <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>affidabilit\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>di regolarit\u00e0 dei pagam<span class=\"_ _3\"></span>enti inferiori a quelli <span class=\"_ _3\"></span>della clientela storic<span class=\"_ _3\"></span>a del Gruppo. <span class=\"_ _5\"></span> I <span class=\"_ _6\"></span><span class=\"ls0\">minori <span class=\"_ _6\"></span>utiliz<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>movim<span class=\"_ _3\"></span>enti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>perio<span class=\"_ _3\"></span>do <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>princi<span class=\"_ _3\"></span>palmente <span class=\"_ _6\"></span>imputabil<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>ll<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>riduzi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>volu<span class=\"_ _5\"></span>mi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cessioni <span class=\"_ _7\"></span>di </span>crediti <span class=\"_ _6\"></span>non-<span class=\"ff5\">performing <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>ffettuate <span class=\"_ _7\"></span>ne<span class=\"_ _5\"></span>ll\u2019esercizio</span> <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dic<span class=\"_ _3\"></span>embre <span class=\"_ _6\"></span>2023. <span class=\"_ _6\"></span>Tale <span class=\"_ _6\"></span>tipologia <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>cessioni <span class=\"_ _6\"></span>comporta <span class=\"_ _6\"></span>la completa derecognitio<span class=\"_ _3\"></span>n del valore degli ste<span class=\"_ _3\"></span>ssi mediante utilizzo del <span class=\"_ _3\"></span>fondo stanziato.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "<div class=\"c w2 h0 gsbdf\"><div class=\"t m0 x23 h3 y7ec ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y1c8d ff8 fsa fc2 sc0 lsb ws0\">34<span class=\"ls55\">  <span class=\"ls0\">Debiti commercial<span class=\"_ _3\"></span>i </span></span></div><div class=\"t m0 x23 h3 yc37 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsbe0\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsbe1\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsbe2\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gsbe3\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti verso fornitori<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gsbe4\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">673,0 </div></div><div class=\"c w112 h3c gsbe5\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">917,3 </div></div><div class=\"c w111 h3c gsbe6\"><div class=\"t m0 x93 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(244,3) </div></div><div class=\"c w110 h3c gsbe7\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti verso fornitori <span class=\"_ _3\"></span>per fatture da rice<span class=\"_ _3\"></span>vere </div></div><div class=\"c w111 h3c gsbe8\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2.050,9 </div></div><div class=\"c w112 h3c gsbe9\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">1.702,0 </div></div><div class=\"c w111 h3c gsbea\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">348,9 </div></div><div class=\"c w110 h3c gsbeb\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsbec\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">2.723,9 </div></div><div class=\"c w112 h3c gsbed\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">2.619,3 </div></div><div class=\"c w111 h3c gsbee\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">104,6 </div></div><div class=\"c w2 h0 gsbdf\"><div class=\"t m0 x23 h3 yf23 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y2d0 ff5 fs1 fc1 sc0 ls0 ws0\">La variazione dei de<span class=\"_ _3\"></span>biti commerciali rispetto <span class=\"_ _3\"></span>all\u2019esercizio preced<span class=\"_ _3\"></span>ente <span class=\"_ _5\"></span><span class=\"ff1\">deriva principalmente dai seguenti effett<span class=\"_ _3\"></span>i: </span></div><div class=\"t m0 x23 h5a ydd1 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">aumento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span><span class=\"ff5\">in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>operazi<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>intermediazione <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ui <span class=\"_ _6\"></span>mercati <span class=\"_ _6\"></span>all\u2019i<span class=\"_ _3\"></span>ngros<span class=\"_ _7\"></span><span class=\"ff1\">so <span class=\"_ _6\"></span>energy <span class=\"_ _6\"></span>realizzate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> </span></span></span></span></div><div class=\"t m0 x63 h3 y10e1 ff1 fs1 fc1 sc0 ls0 ws0\">fine <span class=\"_ _6\"></span>esercizio, <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>prevedono <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>reg<span class=\"_ _3\"></span>olazione <span class=\"_ _6\"></span>finanziaria <span class=\"_ _7\"></span>nei <span class=\"_ _6\"></span>primi <span class=\"_ _6\"></span>mesi <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>2025<span class=\"_ _7\"></span><span class=\"ls16\">, <span class=\"_ _6\"></span></span>per <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>quali <span class=\"_ _7\"></span>si <span class=\"_ _6\"></span>evidenzia <span class=\"_ _6\"></span>un </div><div class=\"t m0 x63 h3 y10e2 ff5 fs1 fc1 sc0 ls0 ws0\">andamento similare all<span class=\"_ _3\"></span>a voce \u201cCrediti comm<span class=\"_ _3\"></span>erciali\u201d<span class=\"_ _5\"></span><span class=\"ff1\">; </span></div><div class=\"t m0 x23 h5a y15ed ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">iscrizione degli <span class=\"_ _5\"></span>importi <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>settlement <span class=\"_ _5\"></span>gas, per <span class=\"_ _5\"></span>154,1 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di euro, <span class=\"_ _5\"></span>classificati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2023 <span class=\"_ _5\"></span>nella </span></span></div><div class=\"t m0 x63 h3 ydc9 ff5 fs1 fc1 sc0 ls0 ws0\">voce \u201cPassivit\u00e0 finanzi<span class=\"_ _3\"></span>arie\u201d, come meglio preci<span class=\"_ _3\"></span>sato nel paragrafo 2.02.0<span class=\"_ _3\"></span>1 \u201cIntroduzione\u201d<span class=\"_ _5\"></span><span class=\"ff1\">; </span></div><div class=\"t m0 x23 h5a y680 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">diminuzione <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>volumi <span class=\"_ _7\"></span>dell\u2019attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>riqua<span class=\"_ _3\"></span>lificazione <span class=\"_ _7\"></span>energetica <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>edifici <span class=\"_ _7\"></span>svolta <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>conto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cl<span class=\"_ _5\"></span>ienti <span class=\"_ _7\"></span>finali, <span class=\"_ _7\"></span>in </span></span></div><div class=\"t m0 x63 h3 yc1a ff1 fs1 fc1 sc0 ls0 ws0\">particolare <span class=\"_ _6\"></span>condom<span class=\"_ _3\"></span>ini, <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>compor<span class=\"_ _3\"></span>tato <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>orrispon<span class=\"_ _3\"></span>dente <span class=\"_ _6\"></span>decremento <span class=\"_ _7\"></span>dei<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>debiti <span class=\"_ _7\"></span>nei <span class=\"_ _6\"></span>confronti <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 </div><div class=\"t m0 x63 h3 y1c59 ff1 fs1 fc1 sc0 ls0 ws0\">fornitrici e dei prof<span class=\"_ _3\"></span>essionisti che realizza<span class=\"_ _3\"></span>no le opere<span class=\"_ _5\"></span>. </div><div class=\"t m0 x10a h4e y70a ff1 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y1699 ff5 fs1 fc1 sc0 ls0 ws0\">Come <span class=\"_ _e\"> </span>esposto <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>paragrafo <span class=\"_ _e\"> </span>2.02.01 <span class=\"_ _e\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>cor<span class=\"_ _5\"></span>so <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>presente <span class=\"_ _d\"> </span>esercizio, <span class=\"_ _6\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>introdotte <span class=\"_ _6\"> </span>nuove </div><div class=\"t m0 x23 h3 y1e41 ff1 fs1 fc1 sc0 ls0 ws0\">righe <span class=\"_ _4\"> </span>negli <span class=\"_ _4\"> </span>schemi <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span>  bilancio <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>di  conseguenza  sono<span class=\"_ _5\"></span>  state <span class=\"_ _4\"> </span>effettuate <span class=\"_ _4\"> </span>alcune <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>iesposizio<span class=\"_ _3\"></span>ni <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>quanto </div><div class=\"t m0 x23 h43 y155d ff5 fs1 fc1 sc0 ls0 ws0\">pubblicato <span class=\"_ _f\"> </span>al  31 <span class=\"_ _f\"> </span>dicembre  202<span class=\"_ _3\"></span>3.  In <span class=\"_ _f\"> </span>particolare, <span class=\"_ _f\"> </span>si  segnala <span class=\"_ _f\"> </span>che  nell\u2019<span class=\"_ _3\"></span>esercizio  p<span class=\"_ _3\"></span>recedente  i <span class=\"_ _f\"> </span>\u201cDebiti <span class=\"_ _f\"> </span>co<span class=\"_ _5\"></span>mmerciali<span class=\"_ _3\"></span>\u201d </div><div class=\"t m0 x23 h3 y169a ff1 fs1 fc1 sc0 ls0 ws0\">accoglievano <span class=\"_ _6\"></span>acconti <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>beni <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>servizi <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>17,9 <span class=\"_ _e\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _e\"></span>che <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _6\"></span>stati <span class=\"_ _e\"></span>esposti <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _e\"></span>2024, <span class=\"_ _6\"></span>per </div><div class=\"t m0 x23 h3 y1e49 ff5 fs1 fc1 sc0 ls0 ws0\">entrambi i periodi <span class=\"_ _3\"></span>di confronto, nella voce di <span class=\"_ _3\"></span>nuova introduzione \u201c<span class=\"_ _3\"></span>Passivit\u00e0 correnti deriva<span class=\"_ _3\"></span>nti da contratti con i cli<span class=\"_ _3\"></span>enti\u201d<span class=\"_ _6\"></span><span class=\"ff1\">.</span><span class=\"ff1\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "35  Attivit\u00e0 corr<span class=\"_ _3\"></span>enti derivanti da contra<span class=\"_ _3\"></span>tti con i clienti<span class=\"_ _3\"></span> 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Servizi energia e riqu<span class=\"_ _3\"></span>alificazione en<span class=\"_ _3\"></span>ergetica edifici 179,6 364,1 (184,5) Illuminazione pubblic<span class=\"_ _3\"></span>a 40,0 21,1 18,9 Trattamento e smaltim<span class=\"_ _3\"></span>ento 22,2 23,7 (1,5) Servizi idrici 21,6 22,5 (0,9) Altri minori 0,5 1,7 (1,2) Totale 263,9 433,1 (169,2) Le <span class=\"ls0\">a<span class=\"_ _5\"></span>ttivit\u00e0 derivanti <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>clienti<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>commesse <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>durata pluriennale <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>lavori <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>impiantistic<span class=\"_ _5\"></span>a. <span class=\"_ _5\"></span>La </span>variazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>relativa <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span>alla <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontrazione <span class=\"_ _5\"></span>del<span class=\"_ _6\"></span><span class=\"ff1\">l<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>riqualificazione </span>energetica degli <span class=\"_ _5\"></span>edifici, in p<span class=\"_ _5\"></span>articolare condomini<span class=\"_ _5\"></span><span class=\"ls1e\">, <span class=\"_ _5\"></span></span>per <span class=\"_ _5\"></span>effetto delle <span class=\"_ _5\"></span>modifich<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>normative che <span class=\"_ _5\"></span>hanno di <span class=\"_ _5\"></span>fatto eliminato <span class=\"_ _5\"></span>la possibilit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>effettuare <span class=\"_ _7\"></span>lo <span class=\"_ _7\"></span>sconto <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>fattura <span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>clienti. <span class=\"_ _7\"></span>Si <span class=\"_ _5\"></span>evidenzia, <span class=\"_ _7\"></span>invece, <span class=\"_ _5\"></span>u<span class=\"_ _5\"></span>n <span class=\"_ _7\"></span>incremento <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>lavori <span class=\"_ _7\"></span>relativi <span class=\"_ _5\"></span>al<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>settore dell\u2019illuminazione pu<span class=\"_ _3\"></span>bblica<span class=\"ff1\">, riconducibile a commesse contrattualizzate nel <span class=\"_ _3\"></span>corso del<span class=\"ff5\">l\u2019esercizio</span> 2024. </span>Come <span class=\"_ _e\"> </span>esposto <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>paragrafo <span class=\"_ _e\"> </span>2.02.01 <span class=\"_ _e\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>cor<span class=\"_ _5\"></span>so <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>presente <span class=\"_ _d\"> </span>esercizio, <span class=\"_ _6\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>introdotte <span class=\"_ _6\"> </span>nuove righe <span class=\"_ _4\"> </span>negli <span class=\"_ _4\"> </span>schemi <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span>  bilancio <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>di  conseguenza  sono<span class=\"_ _5\"></span>  state <span class=\"_ _4\"> </span>effettuate <span class=\"_ _4\"> </span>alcune <span class=\"_ _8\"> </span>riesposizioni <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>a <span class=\"_ _10\"> </span>qu<span class=\"_ _3\"></span>anto pubblicato <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>2023. <span class=\"_ _f\"> </span>In <span class=\"_ _f\"> </span>particolare, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>segnala <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>nell\u2019esercizio <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>erivanti <span class=\"_ _d\"> </span>da commesse di durata pl<span class=\"_ _3\"></span>uriennale erano esposte<span class=\"_ _3\"></span> nella voce \u201cRimanenze\u201d<span class=\"_ _3\"></span> per 433,1 miloni di euro<span class=\"_ _5\"></span><span class=\"ff1\">. </span><div class=\"c w2 h0 gsbf0\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 lsb ws0\">37  <span class=\"ls0\">Altre attivit<span class=\"_ _3\"></span>\u00e0 correnti </span></div><div class=\"t m0 x23 h3 y478 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsbf1\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsbf2\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsbf3\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gsbf4\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti d'imposta, <span class=\"_ _3\"></span>agevolazioni fiscali <span class=\"_ _3\"></span>e altri crediti tributari </div></div><div class=\"c w111 h3c gsbf5\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">741,6 </div></div><div class=\"c w112 h3c gsbf6\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">100,6 </div></div><div class=\"c w111 h3c gsbf7\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">641,0 </div></div><div class=\"c w110 h8e gsbf8\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali<span class=\"_ _3\"></span> per perequazione <span class=\"_ _3\"></span>e </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">proventi di continuit\u00e0 </div></div><div class=\"c w111 h8e gsbf9\"><div class=\"t m0 x4b hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">82,0 </div></div><div class=\"c w112 h8e gsbfa\"><div class=\"t m0 x4b hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">85,3 </div></div><div class=\"c w111 h8e gsbfb\"><div class=\"t m0 x2 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">(3,3) </div></div><div class=\"c w110 h3c gsbfc\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Iva, accise e addizi<span class=\"_ _3\"></span>onali </div></div><div class=\"c w111 h3c gsbfd\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">48,4 </div></div><div class=\"c w112 h3c gsbfe\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">75,7 </div></div><div class=\"c w111 h3c gsbff\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(27,3) </div></div><div class=\"c w110 h3c gsc00\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Anticipi a fornitori<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gsc01\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">48,0 </div></div><div class=\"c w112 h3c gsc02\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">35,7 </div></div><div class=\"c w111 h3c gsc03\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">12,3 </div></div><div class=\"c w110 h90 gsc04\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Costi anticipati </div></div><div class=\"c w111 h90 gsc05\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">42,0 </div></div><div class=\"c w112 h90 gsc06\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">34,7 </div></div><div class=\"c w111 h90 gsc07\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">7,3 </div></div><div class=\"c w110 h3c gsc08\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 per titoli di eff<span class=\"_ _3\"></span>icienza energetica e<span class=\"_ _3\"></span>d emission tradin<span class=\"_ _3\"></span>g </div></div><div class=\"c w111 h3c gsc09\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">41,2 </div></div><div class=\"c w112 h3c gsc0a\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">64,3 </div></div><div class=\"c w111 h3c gsc0b\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(23,1) </div></div><div class=\"c w110 h3c gsc0c\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Depositi cauzionali </div></div><div class=\"c w111 h3c gsc0d\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">39,6 </div></div><div class=\"c w112 h3c gsc0e\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">39,8 </div></div><div class=\"c w111 h3c gsc0f\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w110 h3c gsc10\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altri crediti </div></div><div class=\"c w111 h3c gsc11\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">61,7 </div></div><div class=\"c w112 h3c gsc12\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">73,2 </div></div><div class=\"c w111 h3c gsc13\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(11,5) </div></div><div class=\"c w110 h3c gsc14\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsc15\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">1.104,5 </div></div><div class=\"c w112 h3c gsc16\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">509,3 </div></div><div class=\"c w111 h3c gsc17\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">595,2 </div></div><div class=\"c w2 h0 gsbf0\"><div class=\"t m0 x23 h3 y1b9e ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 yfbb ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCrediti d\u2019imposta<span class=\"ff1\">, agevolazioni <span class=\"_ _3\"></span>fiscali e altri crediti tributari<span class=\"ff5\">\u201d, accolgono prin<span class=\"_ _3\"></span>cipalmente:<span class=\"ff1\"> </span></span></span></div><div class=\"t m0 x23 h5a y17ed ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">crediti  derivanti  dall\u2019applicazione  dello  sconto  in  fattura  ai  c<span class=\"_ _5\"></span>lienti  finali,  valutati  al  costo  ammortizzato,  in </span></span></div><div class=\"t m0 x63 h3 yccd ff1 fs1 fc1 sc0 ls0 ws0\">relazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _7\"></span>agevolati <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>effi<span class=\"_ _3\"></span>cientamento <span class=\"_ _6\"></span>en<span class=\"_ _3\"></span>ergetico <span class=\"_ _6\"></span>reali<span class=\"_ _3\"></span>zzati <span class=\"_ _6\"></span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>condomini <span class=\"_ _6\"></span>per <span class=\"_ _d\"> </span>731,1 </div><div class=\"t m0 x63 h43 ydb4 ff5 fs1 fc1 sc0 ls0 ws0\">milioni  di <span class=\"_ _f\"> </span>euro  (88,3  mi<span class=\"_ _3\"></span>lioni  di<span class=\"_ _3\"></span>  euro <span class=\"_ _f\"> </span>al  31  dicemb<span class=\"_ _3\"></span>re  2023). <span class=\"_ _f\"> </span>Il  significativo  i<span class=\"_ _3\"></span>ncremento <span class=\"_ _f\"> </span>rispetto  all\u2019esercizio </div><div class=\"t m0 x63 h3 ybf5 ff1 fs1 fc1 sc0 ls0 ws0\">precedente <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _f\"> </span>riconducibile<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>scelta <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>conservare <span class=\"_ _f\"> </span>tali <span class=\"_ _e\"> </span>crediti <span class=\"_ _d\"> </span>sui <span class=\"_ _d\"> </span>cassetti <span class=\"_ _d\"> </span>fiscali <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _f\"> </span>e <span class=\"_ _d\"> </span>utilizzarli <span class=\"_ _d\"> </span>in </div><div class=\"t m0 x63 h3 y1032 ff1 fs1 fc1 sc0 ls0 ws0\">compensazione, me<span class=\"_ _3\"></span>ntre nel corso del 202<span class=\"_ _3\"></span>3 si \u00e8 proceduto in via<span class=\"_ _3\"></span> prevalente a cessioni al <span class=\"_ _3\"></span>sistema bancario;<span class=\"_ _5\"></span> </div><div class=\"t m0 x23 h5a yefb ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">crediti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>investimenti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>stru<span class=\"_ _5\"></span>mentali, <span class=\"_ _7\"></span>inclusa <span class=\"_ _5\"></span>Industria <span class=\"_ _5\"></span>4.0, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>complessivi <span class=\"_ _7\"></span>7,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>(9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di </span></span></div><div class=\"t m0 x63 h3 y246 ff1 fs1 fc1 sc0 ls0 ws0\">euro  a<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>31 <span class=\"_ _4\"> </span>dicembre <span class=\"_ _4\"> </span>2023), <span class=\"_ _10\"> </span>che  saranno  u<span class=\"_ _5\"></span>tilizzati  in <span class=\"_ _10\"> </span>compensaz<span class=\"_ _3\"></span>ione <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>imp<span class=\"_ _3\"></span>oste <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>contrib<span class=\"_ _3\"></span>uti <span class=\"_ _4\"> </span>nei <span class=\"_ _4\"> </span>per<span class=\"_ _5\"></span>iodi </div><div class=\"t m0 x63 h3 y1e54 ff1 fs1 fc1 sc0 ls0 ws0\">successivi sulla bas<span class=\"_ _3\"></span>e dei limiti annuali previs<span class=\"_ _3\"></span>ti.  </div><div class=\"t m0 x23 h3 y1e55 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y69d ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCassa <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>energetici <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>ambientali <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>perequazione <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>continuit\u00e0\u201d <span class=\"_ _5\"></span>sono <span class=\"_ _6\"></span>costituiti <span class=\"_ _7\"></span>da<span class=\"_ _6\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>di </span></div><div class=\"t m0 x23 h3 y1036 ff1 fs1 fc1 sc0 ls0 ws0\">continuit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span><span class=\"lse\">23</span>,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(<span class=\"ls10\">30<span class=\"ls16\">,3</span></span> <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023<span class=\"lsd\">) <span class=\"_ _5\"></span></span>e <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>perequazione <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>5<span class=\"ls10\">8,</span>3 </div><div class=\"t m0 x23 h3 y145c ff1 fs1 fc1 sc0 ls0 ws0\">milioni di euro (<span class=\"lse\">55</span> milioni di euro al 31 <span class=\"_ _3\"></span>dicembre 2023). </div><div class=\"t m0 x23 h3 y6a0 ff1 fs1 fc1 sc0 ls0 ws0\">Si <span class=\"_ _4\"> </span>segnala <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>he <span class=\"_ _4\"> </span>i <span class=\"_ _10\"> </span>proventi  di <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>ontinuit\u00e0 <span class=\"_ _4\"> </span>diminuiscono <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span><span class=\"lse\">6,</span>6 <span class=\"_ _10\"> </span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>euro <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>precedente<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>esercizio<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y95d ff1 fs1 fc1 sc0 ls0 ws0\">principalmente <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>seguito <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>decremento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>rediti <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>oneri <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>sistema <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>bonus <span class=\"_ _6\"></span>sociali <span class=\"_ _6\"></span>gas<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>lettrico<span class=\"_ _7\"></span>, <span class=\"_ _6\"></span><span class=\"ls12\">che </span></div><div class=\"t m0 x23 h3 y1e56 ff1 fs1 fc1 sc0 ls0 ws0\">hanno e<span class=\"_ _5\"></span>videnziato un <span class=\"_ _5\"></span>significativo <span class=\"_ _5\"></span>increment<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>negli esercizi <span class=\"_ _5\"></span>precedenti, <span class=\"_ _5\"></span>in parte <span class=\"_ _5\"></span>gi\u00e0 <span class=\"_ _5\"></span>riassorbito al <span class=\"_ _5\"></span>31 d<span class=\"_ _5\"></span>icembre 2023, </div><div class=\"t m0 x23 h3 y5d1 ff1 fs1 fc1 sc0 ls0 ws0\">per effetto <span class=\"lse\">de</span>lle agevolazioni agli u<span class=\"_ _3\"></span>tenti introdotte dal Governo <span class=\"ff5\">per far fronte <span class=\"_ _3\"></span>al \u201ccaro bollette\u201d<span class=\"ff1\">. </span></span></div><div class=\"t m0 x23 h3 ye66 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1ba7 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cIva, <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>addizionali\u201d, <span class=\"_ _7\"></span><span class=\"ff1\">sono <span class=\"_ _5\"></span>costituiti <span class=\"_ _7\"></span></span>dai <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>verso <span class=\"_ _7\"></span>l\u2019erario p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>im<span class=\"_ _5\"></span><span class=\"ff1\">posta <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>lore <span class=\"_ _5\"></span>aggiunto <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>10,4 <span class=\"_ _5\"></span>mil<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>di </span></div><div class=\"t m0 x23 h3 yc0c ff1 fs1 fc1 sc0 ls0 ws0\">euro <span class=\"_ _5\"></span>(10,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>addizionali <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span><span class=\"lse\">38<span class=\"_ _5\"></span></span> <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>(65,1 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro </div><div class=\"t m0 x23 h3 y1c52 ff1 fs1 fc1 sc0 ls0 ws0\">al <span class=\"_ _7\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _7\"></span>dicembre <span class=\"_ _6\"></span>2023). <span class=\"_ _6\"></span>P<span class=\"_ _3\"></span>er <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uanto <span class=\"_ _6\"></span>rigua<span class=\"_ _3\"></span>rda <span class=\"_ _7\"></span>acc<span class=\"_ _5\"></span>ise <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>addizion<span class=\"_ _3\"></span>ali, <span class=\"_ _7\"></span>occorre <span class=\"_ _6\"></span>tener <span class=\"_ _7\"></span>presente <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>modalit\u00e0 <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>re<span class=\"_ _5\"></span>golano <span class=\"_ _7\"></span>i </div><div class=\"t m0 x23 h43 y1c53 ff5 fs1 fc1 sc0 ls0 ws0\">rapporti  finanziari  con  l<span class=\"_ _5\"></span>\u2019erario:<span class=\"_ _3\"></span>  gli <span class=\"_ _4\"> </span>acconti  corrisposti  nel <span class=\"_ _4\"> </span>corso  dell\u2019anno,  infatti,  sono <span class=\"_ _4\"> </span>calcolati  sulla  base <span class=\"_ _4\"> </span>dei </div><div class=\"t m0 x23 h3 yc0e ff5 fs1 fc1 sc0 ls0 ws0\">quantitativi <span class=\"_ _6\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>gas <span class=\"_ _6\"></span>ed <span class=\"_ _e\"> </span>energia <span class=\"_ _e\"> </span>elettrica <span class=\"_ _6\"> </span>fatturati <span class=\"_ _e\"> </span>nell\u2019esercizio <span class=\"_ _6\"> </span>precedente,<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _e\"></span>mentre <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>debi<span class=\"_ _5\"></span>to <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>ffettivo <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>genera <span class=\"_ _6\"></span>sull<span class=\"_ _5\"></span>a </span></div><div class=\"t m0 x23 h3 y1c54 ff1 fs1 fc1 sc0 ls0 ws0\">base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>volumi <span class=\"_ _7\"></span>venduti <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>periodo.<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>Attraverso <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>ueste <span class=\"_ _6\"></span>modali<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _6\"></span>possono <span class=\"_ _7\"></span>generarsi <span class=\"_ _6\"></span>posizioni <span class=\"_ _7\"></span>creditorie <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>debitorie </div><div class=\"t m0 x23 h3 y1c55 ff5 fs1 fc1 sc0 ls0 ws0\">con differenze anche sig<span class=\"_ _3\"></span>nificative tra un pe<span class=\"_ _3\"></span>riodo e l\u2019altro.<span class=\"_ _5\"></span><span class=\"ff1\">  </span></div><div class=\"t m0 x23 h3 yc11 ff1 fs1 fc1 sc0 ls0 ws0\">La <span class=\"_ _6\"></span>riduzione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>accise <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>addizionali <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _6\"></span>determinata <span class=\"_ _6\"></span>dalla <span class=\"_ _6\"></span>modalit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>pagamento <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>normativa </div><div class=\"t m0 x23 h3 y1c56 ff1 fs1 fc1 sc0 ls0 ws0\">vigente che <span class=\"_ _5\"></span>prevede il versamento <span class=\"ff5\">in <span class=\"_ _5\"></span>acconto per le accise e add<span class=\"_ _5\"></span>izionali gas, sulla base dei volumi <span class=\"_ _5\"></span>fatturati nell\u2019anno<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x23 h3 y1c57 ff1 fs1 fc1 sc0 ls0 ws0\">precedente<span class=\"ff5\">. <span class=\"_ _7\"></span>In <span class=\"_ _7\"></span>particolare, <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>volumi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019anno <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>risultati <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>leggera <span class=\"_ _7\"></span>contrazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _7\"></span>all\u2019esercizio </span></div><div class=\"t m0 x23 h3 y5aa ff1 fs1 fc1 sc0 ls0 ws0\">precedente,  determinando  quindi  un  credito  per  accise  contenuto  al  31  d<span class=\"_ _5\"></span>icembre  2024;  al  contrario<span class=\"_ _7\"></span>  i  volumi </div><div class=\"t m0 x23 h43 y1c58 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019elettrico <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>risultati <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>aumento <span class=\"_ _d\"> </span>determinando <span class=\"_ _e\"> </span>quindi <span class=\"_ _e\"> </span>u<span class=\"_ _5\"></span>n <span class=\"_ _e\"> </span>sa<span class=\"_ _5\"></span>ldo <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>debito, <span class=\"_ _d\"> </span>come <span class=\"_ _e\"> </span>riportato <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _e\"> </span>nota <span class=\"_ _d\"> </span>38 <span class=\"_ _d\"> </span>\u201cAltre </div><div class=\"t m0 x23 h3 y179c ff5 fs1 fc1 sc0 ls0 ws0\">passivit\u00e0 correnti\u201d.<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 yc14 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y475 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAnticipi <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>fornitori\u201d<span class=\"ff1 ls1e\">, <span class=\"_ _d\"> </span><span class=\"ls0\">la <span class=\"_ _d\"> </span>variazione <span class=\"_ _d\"> </span></span></span>dell\u2019anno <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>riconducibile <span class=\"_ _e\"> </span>principalmente <span class=\"_ _f\"> </span>all\u2019avvio <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>nuovi <span class=\"_ _e\"> </span>contratti <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tipulati <span class=\"_ _e\"> </span>con </div><div class=\"t m0 x23 h3 y16ac ff1 fs1 fc1 sc0 ls0 ws0\">fornitori <span class=\"_ _7\"></span>aventi <span class=\"_ _7\"></span>diritto <span class=\"_ _6\"></span>ad <span class=\"_ _7\"></span><span class=\"ff5\">anticipazioni <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ul <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>dell\u2019appalto</span>,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>ottemperanza <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>riferime<span class=\"_ _3\"></span>nto<span class=\"_ _5\"></span>. <span class=\"_ _7\"></span>La <span class=\"_ _6\"></span>voc<span class=\"_ _3\"></span>e </div><div class=\"t m0 x23 h3 yc17 ff1 fs1 fc1 sc0 ls0 ws0\">accoglie, in via residuale, anche<span class=\"_ _3\"></span> gli acconti ad agenti p<span class=\"_ _3\"></span>er provvigioni. </div><div class=\"t m0 x23 h3 y7bd ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y1814 ff5 fs1 fc1 sc0 ls0 ws0\">\u201c<span class=\"ff1\">Attivit\u00e0 per t</span>itoli di effici<span class=\"_ _3\"></span>enza energetica ed emis<span class=\"_ _3\"></span>sion trading\u201d compren<span class=\"_ _3\"></span>d<span class=\"_ _5\"></span><span class=\"ff1\">ono le seguenti fattispecie: </span></div><div class=\"t m0 x23 h3 y927 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsc18\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsc19\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsc1a\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gsc1b\"><div class=\"t m0 x0 hf y15c8 ff4 fs3 fc1 sc0 ls0 ws0\">Certificati bianchi<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gsc1c\"><div class=\"t m0 x4b hf yfde ff4 fs3 fc10 sc0 ls0 ws0\">27,9 </div></div><div class=\"c w112 h3c gsc1d\"><div class=\"t m0 x4b hf yfde ff4 fs3 fc10 sc0 ls0 ws0\">51,5 </div></div><div class=\"c w111 h3c gsc1e\"><div class=\"t m0 x98 hf yfde ff4 fs3 fc10 sc0 ls0 ws0\">(23,6) </div></div><div class=\"c w110 h3c gsc1f\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Certificati grigi </div></div><div class=\"c w111 h3c gsc20\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13,3 </div></div><div class=\"c w112 h3c gsc21\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">7,6 </div></div><div class=\"c w111 h3c gsc22\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,7 </div></div><div class=\"c w110 h3c gsc23\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Certificati verdi </div></div><div class=\"c w111 h3c gsc24\"><div class=\"t m0 x72 hf y70 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w112 h3c gsc25\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,1 </div></div><div class=\"c w111 h3c gsc26\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(5,1) </div></div><div class=\"c w110 h3c gsc27\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsc28\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">41,2 </div></div><div class=\"c w112 h3c gsc29\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">64,3 </div></div><div class=\"c w111 h3c gsc2a\"><div class=\"t m0 x98 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(23,1) </div></div><div class=\"c w2 h0 gsc2c\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h5a y26c ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Il portafoglio re<span class=\"_ _5\"></span>lativo ai certificati bianchi acco<span class=\"_ _5\"></span>glie <span class=\"_ _5\"></span>in v<span class=\"_ _5\"></span>ia prevalente la <span class=\"_ _5\"></span>valorizzazione dei titoli c<span class=\"_ _5\"></span>alcolati sulla base </span></span></div><div class=\"t m0 x59 h3 y26d ff1 fs1 fc1 sc0 ls0 ws0\">degli <span class=\"_ _6\"></span>obiettivi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>efficienza <span class=\"_ _7\"></span>energetica <span class=\"_ _6\"></span>stabiliti <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>Gse <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>distri<span class=\"_ _3\"></span>butrici <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>energia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> </div><div class=\"t m0 x59 h3 y12e5 ff1 fs1 fc1 sc0 ls0 ws0\">netto delle cessioni <span class=\"_ _5\"></span>intervenute nel periodo, p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>26,4 <span class=\"_ _5\"></span>milioni di euro <span class=\"_ _5\"></span>(49,7 <span class=\"_ _5\"></span>milioni di euro <span class=\"_ _5\"></span>al 31 d<span class=\"_ _5\"></span>icembre 2023) <span class=\"_ _5\"></span><span class=\"lse\">e </span></div><div class=\"t m0 x59 h3 y2a6 ff1 fs1 fc1 sc0 ls0 ws0\">in <span class=\"_ _5\"></span>via <span class=\"_ _7\"></span>residuale <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>titoli <span class=\"_ _5\"></span>originati <span class=\"_ _5\"></span>dagli <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>efficientamento <span class=\"_ _5\"></span>energetico<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>realizzati da<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>1,<span class=\"_ _7\"></span>5 <span class=\"_ _7\"></span>milioni<span class=\"_ _3\"></span> </div><div class=\"t m0 x59 h3 y2a7 ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _7\"></span>euro <span class=\"_ _6\"></span>(<span class=\"ls10\">1,</span>8 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2023<span class=\"_ _5\"></span>). <span class=\"_ _7\"></span>Il <span class=\"_ _6\"></span>decremento, <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>sos<span class=\"_ _5\"></span>tanziale <span class=\"_ _7\"></span>parit\u00e0 <span class=\"_ _6\"></span>sia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valorizzazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> </div><div class=\"t m0 x59 h3 y2a8 ff5 fs1 fc1 sc0 ls0 ws0\">contributo <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _e\"> </span>precedente<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span></span>sia <span class=\"_ _d\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>o<span class=\"_ _5\"></span>biettivi <span class=\"_ _e\"> </span>assegnati <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>l\u2019anno <span class=\"_ _f\"> </span>d\u2019obblig<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>2024<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _d\"> </span>\u00e8 </span></div><div class=\"t m0 x59 h3 y2a9 ff1 fs1 fc1 sc0 ls0 ws0\">dovuto alle operazio<span class=\"_ _3\"></span>ni di ottimizzazione <span class=\"_ _3\"></span>del capitale circolante <span class=\"_ _3\"></span>netto realizzatesi nel <span class=\"_ _5\"></span>periodo; </div><div class=\"t m0 x1b h5a y1c95 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Il portafoglio dei c<span class=\"_ _5\"></span>ertificati grigi accoglie la v<span class=\"_ _5\"></span>alorizzazione sia dei titoli <span class=\"_ _5\"></span>in possesso del Gruppo per <span class=\"_ _6\"></span>13,1 <span class=\"_ _5\"></span>milioni di </span></span></div><div class=\"t m0 x59 h3 yb87 ff1 fs1 fc1 sc0 ls0 ws0\">euro <span class=\"_ _7\"></span>(6<span class=\"_ _5\"></span>,3 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _5\"></span>3<span class=\"ff5\">) <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ia <span class=\"_ _7\"></span>dell\u2019esposizione<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>compra<span class=\"_ _3\"></span>vendita <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>termine <span class=\"_ _7\"></span>di </span></div><div class=\"t m0 x59 h3 y6c7 ff1 fs1 fc1 sc0 ls0 ws0\">quote <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>emissione d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>serra <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>0,2 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>(1,3 <span class=\"_ _7\"></span>milioni a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3). <span class=\"_ _5\"></span>La <span class=\"_ _7\"></span>variazione <span class=\"_ _5\"></span>rispetto </div><div class=\"t m0 x59 h43 y6c8 ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019esercizio <span class=\"_ _e\"> </span>precedente <span class=\"_ _d\"> </span>risente <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>maggiori <span class=\"_ _d\"> </span>titoli <span class=\"_ _e\"> </span>detenuti <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fine <span class=\"_ _e\"> </span>periodo <span class=\"_ _f\"> </span>mentre <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rezzo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alorizzazio<span class=\"_ _3\"></span>ne </div><div class=\"t m0 x59 h3 y52 ff1 fs1 fc1 sc0 ls0 ws0\">risulta diminuito; </div><div class=\"t m0 x1b h5a y102d ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Il <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _d\"> </span>relativo <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>certificati <span class=\"_ _e\"> </span>verdi <span class=\"_ _d\"> </span>accoglie<span class=\"_ _5\"></span><span class=\"ls12\">va</span> <span class=\"_ _d\"> </span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"> </span>2023 <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>titoli <span class=\"_ _d\"> </span>iscritti <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ompetenza <span class=\"_ _e\"></span>prima </span></span></div><div class=\"t m0 x59 h43 yb18 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019esercizio <span class=\"_ _7\"></span>2016 <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>relazione <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>produzione <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>energia <span class=\"_ _6\"></span>elettrica <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>termoval<span class=\"_ _3\"></span>orizzatore <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Ferrara. <span class=\"_ _6\"></span>Tali <span class=\"_ _7\"></span>titoli </div><div class=\"t m0 x59 h3 yb89 ff1 fs1 fc1 sc0 ls0 ws0\">sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>contenzioso <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gse <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>merito <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>metodologia <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>calcolo <span class=\"_ _e\"></span>degli <span class=\"_ _e\"></span>autoconsumi <span class=\"_ _6\"></span>dei </div><div class=\"t m0 x59 h3 yb8a ff1 fs1 fc1 sc0 ls0 ws0\">servizi <span class=\"_ _7\"></span>ausiliari<span class=\"ff5\">. <span class=\"_ _7\"></span>Nel <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024, <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>seguito <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>sentenza <span class=\"_ _7\"></span>sfavorevole <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Co<span class=\"_ _3\"></span>nsiglio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Stato<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>\u00e8 </div><div class=\"t m0 x59 h3 yb8b ff1 fs1 fc1 sc0 ls0 ws0\">provveduto alla chiu<span class=\"_ _3\"></span>sura del credito con il <span class=\"_ _3\"></span>conseguente utilizzo d<span class=\"_ _3\"></span>el fondo precedentemente <span class=\"_ _3\"></span>stanziato.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 yb8c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 ya8b ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCosti anticipati\u201d,<span class=\"ff1\"> comprendon<span class=\"_ _3\"></span>o principalmente le quote di <span class=\"_ _3\"></span>competenza futura relativamente a: </span></div><div class=\"t m0 x1b h3 y38f ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsc2d\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsc2e\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsc2f\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gsc30\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Servizi e lavorazio<span class=\"_ _3\"></span>ni esterne </div></div><div class=\"c w111 h3c gsc31\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">16,7 </div></div><div class=\"c w112 h3c gsc32\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">14,5 </div></div><div class=\"c w111 h3c gsc33\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,2 </div></div><div class=\"c w113 h3c gsc34\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Oneri, fideiussio<span class=\"_ _3\"></span>ni e commissioni banc<span class=\"_ _3\"></span>arie </div></div><div class=\"c w111 h3c gsc35\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,2 </div></div><div class=\"c w112 h3c gsc36\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,4 </div></div><div class=\"c w111 h3c gsc37\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w113 h3c gsc38\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Canoni passivi e di <span class=\"_ _3\"></span>concessione per s<span class=\"_ _3\"></span>ervizi a rete </div></div><div class=\"c w111 h3c gsc39\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3,1 </div></div><div class=\"c w112 h3c gsc3a\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">3,0 </div></div><div class=\"c w111 h3c gsc3b\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,1 </div></div><div class=\"c w113 h3c gsc3c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri minori  </div></div><div class=\"c w111 h3c gsc3d\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">17,0 </div></div><div class=\"c w112 h3c gsc3e\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">11,8 </div></div><div class=\"c w111 h3c gsc3f\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,2 </div></div><div class=\"c w113 h3c gsc40\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsc41\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">42,0 </div></div><div class=\"c w112 h3c gsc42\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">34,7 </div></div><div class=\"c w111 h3c gsc43\"><div class=\"t m0 xc6 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">7,3 </div></div><div class=\"c w2 h0 gsc2c\"><div class=\"t m0 x1b h3 y163a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y1e59 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cDepositi <span class=\"_ _e\"> </span>cauzionali\u201d, <span class=\"_ _e\"> </span>accolgono <span class=\"_ _e\"> </span>principalmente <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>depositi <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>ersati <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>garanzia <span class=\"_ _d\"> </span>della <span class=\"_ _e\"> </span>partecipazione <span class=\"_ _e\"> </span>alle <span class=\"_ _e\"> </span>piattaforme </div><div class=\"t m0 x1b h43 y97e ff5 fs1 fc1 sc0 ls0 ws0\">estere <span class=\"_ _5\"></span>di n<span class=\"_ _5\"></span>egoziazione dei <span class=\"_ _5\"></span>contratti su <span class=\"_ _7\"></span>commodity e <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>aste <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>mercato elettrico, <span class=\"_ _5\"></span>nonch\u00e9 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>garantire l\u2019operativit\u00e0 </div><div class=\"t m0 x1b h3 y1380 ff5 fs1 fc1 sc0 ls0 ws0\">sui <span class=\"_ _6\"></span>merc<span class=\"_ _3\"></span>ati <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>l\u2019ingrosso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _6\"></span><span class=\"ff1\">30,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _7\"></span>(29,2 <span class=\"_ _6\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dicembre </span></div><div class=\"t m0 x1b h3 y1e5a ff1 fs1 fc1 sc0 ls0 ws0\">2023). </div><div class=\"t m0 x1b h3 y163b ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y10ff ff1 fs1 fc1 sc0 ls0 ws0\">La voce <span class=\"ff5\">\u201cAltri crediti\u201d \u00e8 d<span class=\"_ _3\"></span>ettagliata di seguito:<span class=\"ff1\"> </span></span></div></div><div class=\"c w111 h3c gsc44\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsc45\"><div class=\"t m0 xae h13 y5d5 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsc46\"><div class=\"t m0 x99 h13 y5d5 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gsc47\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Contributi straordin<span class=\"_ _3\"></span>ari </div></div><div class=\"c w111 h3c gsc48\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13,0 </div></div><div class=\"c w112 h3c gsc49\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">22,6 </div></div><div class=\"c w111 h3c gsc4a\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(9,6) </div></div><div class=\"c w113 h3c gsc4b\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Incentivi da fonti rinno<span class=\"_ _3\"></span>vabili </div></div><div class=\"c w111 h3c gsc4c\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">7,5 </div></div><div class=\"c w112 h3c gsc4d\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,7 </div></div><div class=\"c w111 h3c gsc4e\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">6,8 </div></div><div class=\"c w113 h3c gsc4f\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti verso societ<span class=\"_ _3\"></span>\u00e0 degli asset </div></div><div class=\"c w111 h3c gsc50\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,2 </div></div><div class=\"c w112 h3c gsc51\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,2 </div></div><div class=\"c w111 h3c gsc52\"><div class=\"t m0 x72 hf y66 ff11 fs3 fc10 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w113 h3c gsc53\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri minori  </div></div><div class=\"c w111 h3c gsc54\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">35,0 </div></div><div class=\"c w112 h3c gsc55\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">43,7 </div></div><div class=\"c w111 h3c gsc56\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(8,7) </div></div><div class=\"c w113 h3c gsc57\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsc58\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fc10 sc0 ls0 ws0\">61,7 </div></div><div class=\"c w112 h3c gsc59\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fc10 sc0 ls0 ws0\">73,2 </div></div><div class=\"c w111 h3c gsc5a\"><div class=\"t m0 x98 h13 y66 ff2 fs3 fc10 sc0 ls0 ws0\">(11,5) </div></div><div class=\"c w2 h0 gsc2c\"><div class=\"t m0 x1b h5a y14b1 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Contributi s<span class=\"_ _5\"></span>traordinari <span class=\"_ _5\"></span>accolgono<span class=\"ls1e\">, <span class=\"_ _5\"></span></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>quanto versato, <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>dovuto, <span class=\"_ _5\"></span><span class=\"lse\">da</span>lla <span class=\"_ _5\"></span>capogruppo <span class=\"_ _5\"></span>Hera </span></span></div><div class=\"t m0 x59 h3 y1291 ff1 fs1 fc1 sc0 ls0 ws0\">Spa <span class=\"_ _6\"></span><span class=\"ff5\">nel <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>dell\u2019esercizio <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>relativamente <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>\u201cContributo <span class=\"_ _6\"></span>straordinario <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>xtraprofitti\u201d, <span class=\"_ _6\"></span>intro<span class=\"_ _3\"></span>dotto <span class=\"_ _6\"></span>per <span class=\"_ _6\"> </span>l\u2019anno </span></div><div class=\"t m0 x59 h3 y1292 ff5 fs1 fc1 sc0 ls0 ws0\">2022 <span class=\"_ _e\"> </span>dall\u2019art. <span class=\"_ _e\"> </span>37 <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>D.L. <span class=\"_ _e\"> </span>21/2022. <span class=\"_ _e\"> </span>Tali <span class=\"_ _e\"> </span>importi <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>stati <span class=\"_ _d\"> </span>corrisposti <span class=\"_ _e\"> </span>all\u2019Erario <span class=\"_ _e\"> </span>alle <span class=\"_ _e\"> </span>scadenze <span class=\"_ _e\"> </span>stabilite,  <span class=\"ff1\">m<span class=\"_ _3\"></span>a <span class=\"_ _e\"> </span>la </span></div><div class=\"t m0 x59 h3 y14b3 ff5 fs1 fc1 sc0 ls0 ws0\">successiva <span class=\"_ _7\"></span>Legge <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Bilancio <span class=\"_ _5\"></span>2023, <span class=\"_ _7\"></span>ai<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>commi <span class=\"_ _7\"></span>120 <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>121 <span class=\"_ _7\"></span>dell\u2019art<span class=\"_ _7\"></span><span class=\"ff1\">.1, <span class=\"_ _7\"></span></span>ha <span class=\"_ _6\"></span>modificato <span class=\"_ _7\"></span>l\u2019ambito <span class=\"_ _7\"></span>soggettivo <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>b<span class=\"_ _5\"></span>ase </div><div class=\"t m0 x59 h3 y1293 ff5 fs1 fc1 sc0 ls0 ws0\">imponibile del <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontributo per <span class=\"_ _5\"></span>l\u2019anno <span class=\"_ _5\"></span>2022 <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>seguito d<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>quale lo <span class=\"_ _5\"></span>stesso <span class=\"_ _5\"></span>non<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>risulta <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>dovuto <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Gruppo, <span class=\"_ _5\"></span>che </span></div><div class=\"t m0 x59 h3 y1294 ff1 fs1 fc1 sc0 ls0 ws0\">ha <span class=\"_ _d\"> </span>pertanto <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ichiesto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rimborso <span class=\"_ _f\"> </span>tale <span class=\"_ _e\"> </span>contributo.<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span><span class=\"ff5\">A <span class=\"_ _d\"> </span>seguito <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>diniego <span class=\"_ _d\"> </span>tacito <span class=\"_ _d\"> </span>dell\u2019Ufficio</span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>del <span class=\"_ _d\"> </span>conseguente </div><div class=\"t m0 x59 h3 y1150 ff1 fs1 fc1 sc0 ls0 ws0\">ricorso <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Hera <span class=\"_ _6\"></span>S<span class=\"_ _3\"></span>pa, <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>entenza <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>marzo <span class=\"_ _7\"></span>2025,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>Corte <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Giustizia <span class=\"_ _7\"></span>Tributaria <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>primo <span class=\"_ _6\"></span>gr<span class=\"_ _3\"></span>ado <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> </div><div class=\"t m0 x59 h3 y1295 ff5 fs1 fc1 sc0 ls0 ws0\">Bologna <span class=\"_ _e\"> </span>ha <span class=\"_ _e\"> </span>condannato <span class=\"_ _e\"> </span>l\u2019Amministrazione <span class=\"_ _e\"> </span>finanziaria <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>disporre <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>rimborso <span class=\"_ _e\"> </span>inte<span class=\"_ _5\"></span>grale <span class=\"_ _6\"></span>de<span class=\"_ _5\"></span>lle <span class=\"_ _e\"> </span>somme <span class=\"_ _e\"> </span>richieste<span class=\"_ _7\"></span><span class=\"ff1 ls1e\">. </span></div><div class=\"t m0 x59 h3 yeb8 ff1 fs1 fc1 sc0 ls0 ws0\">L<span class=\"ff5\">\u2019importo versato rima<span class=\"_ _3\"></span>ne<span class=\"ff1\">, pertanto, iscritto tra le altre attivit\u00e0 <span class=\"_ _3\"></span>correnti in attesa d<span class=\"ls10\">el</span> rimborso dell<span class=\"_ _3\"></span>o stesso. </span></span></div><div class=\"t m0 x59 h3 y14b6 ff1 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _d\"> </span>una <span class=\"_ _d\"> </span>migliore <span class=\"_ _f\"> </span>compren<span class=\"_ _3\"></span>sione <span class=\"_ _d\"> </span><span class=\"ff5\">d<span class=\"_ _5\"></span>ei <span class=\"_ _d\"> </span>movimenti <span class=\"_ _d\"> </span>intercorsi <span class=\"_ _d\"> </span>nell\u2019anno <span class=\"_ _e\"> </span>si<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rimanda <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>quanto <span class=\"_ _f\"> </span></span>illustrato <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>capitolo </div><div class=\"t m0 x59 h3 y1296 ff5 fs1 fc1 sc0 ls0 ws0\">2.02.03 \u201cFiscalit\u00e0\u201d<span class=\"ff1\">; </span></div><div class=\"t m0 x1b h5a y1d91 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Incentivi <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>fonti <span class=\"_ _7\"></span>rinnovabili, <span class=\"_ _6\"></span>so<span class=\"_ _3\"></span>no <span class=\"_ _6\"></span>rap<span class=\"_ _3\"></span>presentati <span class=\"_ _7\"></span>da<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>crediti <span class=\"_ _6\"></span>verso <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>Gse <span class=\"_ _7\"></span>derivanti <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>meccanismo <span class=\"_ _7\"></span>incentivante </span></span></div><div class=\"t m0 x59 h3 yda5 ff1 fs1 fc1 sc0 ls0 ws0\">per la produzione di energia elettrica che ha sostituito dal 2016 il meccani<span class=\"_ _3\"></span>smo dei certificati verdi<span class=\"_ _7\"></span>. Gli incentivi di </div><div class=\"t m0 x59 h3 y10fc ff1 fs1 fc1 sc0 ls0 ws0\">competenza del <span class=\"_ _5\"></span>periodo sono <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>mento <span class=\"ff5\">rispetto <span class=\"_ _5\"></span>all\u2019esercizio 202</span>3 <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>quanto si<span class=\"_ _5\"></span> \u00e8 <span class=\"_ _5\"></span>assistito a <span class=\"_ _5\"></span>un<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>incremento del </div><div class=\"t m0 x59 h43 y1bb ff5 fs1 fc1 sc0 ls0 ws0\">prezzo <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>incentivi <span class=\"_ _5\"></span>(Grin), <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>determina <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>maniera <span class=\"_ _5\"></span>inversamente <span class=\"_ _5\"></span>proporzionale <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>prezzo <span class=\"_ _5\"></span>dell\u2019energia </div><div class=\"t m0 x59 h3 y1bc ff5 fs1 fc1 sc0 ls0 ws0\">(Pun) dell\u2019esercizi<span class=\"_ _3\"></span>o precedente<span class=\"ff1\">;<span class=\"_ _75\"> </span></span><span class=\"ff1\"> </span></div></div>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Crediti <span class=\"_ _7\"></span>verso <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>So<span class=\"_ _3\"></span>ciet\u00e0 <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>asset <span class=\"_ _7\"></span>accolgono <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>crediti <span class=\"_ _7\"></span>verso <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _6\"></span>propr<span class=\"_ _3\"></span>ietarie <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>reti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>beni </span></span>accessori utilizzati d<span class=\"_ _3\"></span>al Gruppo per lo svolg<span class=\"_ _3\"></span>imento dei servizi di p<span class=\"_ _3\"></span>ubblica utilit\u00e0<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "36<span class=\"ls55\">  </span>Passivit\u00e0 co<span class=\"_ _3\"></span>rrenti derivanti <span class=\"_ _3\"></span>da contratti co<span class=\"_ _3\"></span>n i clienti \u201cAcconti  per  lavori\u201d,  accoglie <span class=\"_ _4\"> </span><span class=\"ff1\">pr<span class=\"_ _5\"></span>incipalm<span class=\"_ _3\"></span>ente <span class=\"_ _4\"> </span>gli  acconti <span class=\"_ _4\"> </span>ricevuti  da  Comuni  e  c<span class=\"_ _5\"></span>ondomini  per  lavori  in  fase <span class=\"_ _4\"> </span>di </span>realizzazione <span class=\"_ _5\"></span>relativi <span class=\"_ _7\"></span>rispettivamente <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>opere <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ubblica <span class=\"_ _5\"></span>illuminazione <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>riqualificazioni <span class=\"_ _5\"></span>energetiche <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>edifici, <span class=\"_ _7\"></span>che saranno co<span class=\"_ _5\"></span>mplet<span class=\"_ _3\"></span>ati <span class=\"_ _5\"></span>negli esercizi <span class=\"_ _5\"></span>successivi. <span class=\"_ _5\"></span>Il s<span class=\"_ _5\"></span>ignificativo decremento riflette <span class=\"_ _5\"></span>da una <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>la diminuzione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori<span class=\"_ _3\"></span> di <span class=\"_ _5\"></span>efficientamento energetico realizzati <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Gruppo<span class=\"_ _5\"></span> <span class=\"ff5\">e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>dall\u2019altra la c<span class=\"_ _5\"></span>onclusione d<span class=\"_ _5\"></span></span>ella <span class=\"_ _5\"></span>maggior parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>lavori in<span class=\"_ _5\"></span> essere al 31 dicembre 2023. \u201cRisconti passivi\u201d, rap<span class=\"_ _3\"></span>presentano quote di <span class=\"_ _3\"></span>ricavi di competenza <span class=\"_ _3\"></span>degli esercizi successivi.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Come <span class=\"_ _e\"> </span>esposto <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>paragrafo <span class=\"_ _e\"> </span>2.02.01 <span class=\"_ _e\"> </span>\u201cIntroduzione\u201d, <span class=\"_ _6\"> </span>nel <span class=\"_ _e\"> </span>cor<span class=\"_ _5\"></span>so <span class=\"_ _6\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _6\"> </span>presente <span class=\"_ _d\"> </span>esercizio, <span class=\"_ _6\"> </span>sono <span class=\"_ _e\"> </span>state <span class=\"_ _d\"> </span>introdotte <span class=\"_ _6\"> </span>nuove righe <span class=\"_ _4\"> </span>negli <span class=\"_ _4\"> </span>schemi <span class=\"_ _4\"> </span>di<span class=\"_ _5\"></span>  bilancio <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>di  conseguenza  sono<span class=\"_ _5\"></span>  state <span class=\"_ _4\"> </span>effettuate <span class=\"_ _4\"> </span>alcune <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>iesposizio<span class=\"_ _3\"></span>ni <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _4\"> </span>quanto pubblicato al 31 di<span class=\"_ _3\"></span>cembre 2023. In particol<span class=\"_ _3\"></span>are, si segnala che ne<span class=\"_ _3\"></span>ll\u2019esercizio precedente:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">gli acconti p<span class=\"_ _5\"></span>er lavori e <span class=\"_ _5\"></span>i risconti p<span class=\"_ _5\"></span>assivi erano esposti rispettivamente per <span class=\"_ _5\"></span>365,1 milioni di <span class=\"_ _5\"></span>euro e <span class=\"_ _5\"></span>per 14,4 <span class=\"_ _5\"></span>milioni </span></span>di euro all\u2019interno del<span class=\"_ _3\"></span> rigo del prospetto di stato patrim<span class=\"_ _3\"></span>oniale \u201cAltre passivit\u00e0 co<span class=\"_ _3\"></span>rrenti\u201d;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">gli altri acconti era<span class=\"_ _3\"></span>no esposti nella voce \u201cD<span class=\"_ _3\"></span>ebiti commerciali\u201d per 17<span class=\"_ _3\"></span>,9 miloni di euro.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Acconti per lavori in c<span class=\"_ _3\"></span>orso 184,0 365,1 (181,1) Risconti passivi 14,0 14,4 (0,4) Altri acconti 5,2 17,9 (12,7) Totale 203,2 397,4 (194,2)<span class=\"_ _75\"> </span>38  <span class=\"ls0\">Altre passiv<span class=\"_ _3\"></span>it\u00e0 correnti </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Debiti per anticipi v<span class=\"_ _3\"></span>erso Cassa per i <span class=\"_ _3\"></span>servizi energetici e ambi<span class=\"_ _3\"></span>entali 510,4 422,8 87,6 Contributi in conto im<span class=\"_ _3\"></span>pianti 300,6 262,5 38,1 Depositi cauzionali <span class=\"_ _3\"></span>da clienti 160,0 199,9 (39,9) Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali<span class=\"_ _3\"></span> per componenti e perequazione 137,3 119,0 18,3 Iva, accise e addizi<span class=\"_ _3\"></span>onali 38,4 118,4 (80,0) Personale e ritenut<span class=\"_ _3\"></span>e a dipendenti 97,2 89,8 7,4 Debiti verso istituti <span class=\"_ _3\"></span>di previdenza 83,5 78,9 4,6 Passivit\u00e0 per titoli <span class=\"_ _3\"></span>di efficienza ener<span class=\"_ _3\"></span>getica ed emission tra<span class=\"_ _3\"></span>ding 34,4 49,5 (15,1) Ricavi anticipati 13,5 15,3 (1,8) Altri debiti 137,5 131,2 6,3 Totale 1.512,8 1.487,3 25,5 \u201cDebiti per ant<span class=\"_ _5\"></span>icipi verso Cassa per i servizi energetici e ambientali\u201d, costituiti da anticipazioni non onerose concesse dalla Cassa per <span class=\"_ _5\"></span>i servizi energetici e ambientali<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ulla base di norme di <span class=\"_ _5\"></span>legge e delibere <span class=\"_ _5\"></span>Arera che si sono s<span class=\"_ _5\"></span>usseguite<span class=\"_ _3\"></span> negli anni, per le seguenti princi<span class=\"_ _3\"></span>pali fattispecie: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">258,5 milioni di euro (<span class=\"_ _5\"></span>236,7 milioni di euro al 31 d<span class=\"_ _5\"></span>icembre 2023) in ottemperanza al meccanismo di integrazione </span></span>previsto a <span class=\"_ _5\"></span>fronte di <span class=\"_ _5\"></span>crediti scaduti e <span class=\"_ _5\"></span>non riscossi <span class=\"_ _5\"></span>vantati nei confronti <span class=\"_ _5\"></span>dei clienti <span class=\"_ _5\"></span>gestiti in re<span class=\"_ _5\"></span>gime di <span class=\"_ _7\"></span>Salvaguardia. Le ultime rendiconta<span class=\"_ _3\"></span>zioni riguardano <span class=\"ff5\">l\u2019anno</span> 2022; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">204,9 <span class=\"_ _8\"> </span>milioni <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>(153,3 <span class=\"_ _8\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>euro <span class=\"_ _8\"> </span>al <span class=\"_ _8\"> </span>31 <span class=\"_ _8\"> </span>dicembre <span class=\"_ _10\"> </span>2023<span class=\"ls13\">) <span class=\"_ _2\"> </span></span>in <span class=\"_ _8\"> </span>ottempera<span class=\"_ _3\"></span>nza <span class=\"_ _8\"> </span>ai <span class=\"_ _10\"> </span>me<span class=\"_ _5\"></span>ccanismi <span class=\"_ _10\"> </span>di </span></span>reintegrazione previsti a fronte degli oneri della morosit\u00e0 dei servizi di ult<span class=\"_ _5\"></span>ima istanza nel settore del gas naturale (Fui, Ftd e Fdd), soste<span class=\"_ _3\"></span>nuti fino a<span class=\"ff5\">ll\u2019anno termico</span> 2022-<span class=\"ls10\">20</span>23;<span class=\"_ _3\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">19,8 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(5 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023) <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>ottemperanza <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>meccanismo<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>integrazione </span></span>previsto <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>fronte <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>rediti <span class=\"_ _e\"></span>scaduti <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>non <span class=\"_ _e\"></span>riscossi<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>vantati <span class=\"_ _e\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>clienti <span class=\"_ _e\"> </span>gestiti <span class=\"_ _d\"> </span>nel <span class=\"_ _d\"> </span>servizio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>tutele graduali <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>piccole <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>connesse <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>bassa <span class=\"_ _6\"></span>tensione <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>trovano <span class=\"_ _6\"></span>senza <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>contratto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>condizioni <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> libero mercato; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">12,6 <span class=\"_ _f\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>uro <span class=\"_ _f\"> </span>(<span class=\"lse\">14</span> <span class=\"_ _f\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _d\"> </span>202<span class=\"_ _5\"></span>3) <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>ottemperanza <span class=\"_ _f\"> </span><span class=\"ls10\">al</span>le <span class=\"_ _d\"> </span>modalit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>accesso <span class=\"_ _f\"> </span>al </span></span>meccanismo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>reintegrazione <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>oneri <span class=\"_ _e\"></span>generali <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>si<span class=\"_ _5\"></span>stema <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>incassati <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>clienti <span class=\"_ _e\"></span>finali <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gi\u00e0 <span class=\"_ _e\"></span>versati <span class=\"_ _e\"></span>alle societ\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>gli <span class=\"_ _e\"> </span>anni <span class=\"_ _d\"> </span>201<span class=\"_ _5\"></span>6-2023. <span class=\"_ _e\"> </span>I<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>perimetro <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>circoscritto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _e\"></span>elettrica <span class=\"_ _d\"> </span>in regime <span class=\"_ _c\"> </span>di <span class=\"_ _22\"> </span>mercato <span class=\"_ _c\"> </span>libero, <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>me<span class=\"_ _5\"></span>rcato <span class=\"_ _c\"> </span>Salvaguardia <span class=\"_ _c\"> </span>(disalimentabile) <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>al <span class=\"_ _22\"> </span>servizio <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>tu<span class=\"_ _5\"></span>tele <span class=\"_ _c\"> </span>graduali (disalimentabile); \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">11 <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>euro <span class=\"_ _d\"> </span>in <span class=\"_ _e\"></span>ottemperanza <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>meccanismo <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>h<span class=\"_ _5\"></span>a <span class=\"_ _e\"> </span>istituito <span class=\"_ _e\"> </span>una <span class=\"_ _d\"> </span>perequazione <span class=\"_ _e\"></span>dei <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>icavi, <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>di </span></span>rendicontazione <span class=\"_ _d\"> </span>effettuata <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>gennaio <span class=\"_ _d\"> </span>2023, <span class=\"_ _d\"> </span>volta <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>compensare <span class=\"_ _e\"> </span>par<span class=\"_ _5\"></span>te <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>costi <span class=\"_ _d\"> </span>non <span class=\"_ _f\"> </span>prevedibili,<span class=\"_ _3\"></span> sostenuti <span class=\"_ _5\"></span>nelle <span class=\"_ _5\"></span>forniture sui <span class=\"_ _5\"></span>mercati <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>ultima <span class=\"_ _5\"></span>istanza <span class=\"_ _5\"></span><span class=\"ff5\">default <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Fui, <span class=\"_ _5\"></span>specie <span class=\"_ _5\"></span>per e<span class=\"_ _5\"></span>ffetto <span class=\"_ _5\"></span>dell\u2019ingres<span class=\"_ _3\"></span>so <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>numero </span>maggiore di clienti ri<span class=\"_ _3\"></span>spetto alle previsioni. \u201cContributi  in  conto <span class=\"_ _4\"> </span>impianti\u201d,  si  decrementano  proporzionalmente  alle  quote  di  ammortamento  calcolate<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _4\"> </span>sulle </span>immobilizzazioni di rife<span class=\"_ _3\"></span>rimento e si increm<span class=\"_ _3\"></span>entano per effetto de<span class=\"_ _5\"></span>gli incassi d<span class=\"_ _3\"></span>ei contributi pubblici. La voce comprende<span class=\"_ _3\"></span>: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Fondo nuovi investim<span class=\"_ _3\"></span>enti per il sistema idr<span class=\"_ _3\"></span>ico 104,9 102,6 2,3 Depurazione e r<span class=\"_ _3\"></span>eti fognarie 54,5 40,7 13,8 Contributi Pnrr 41,6 2,0 39,6 Depuratore di Serv<span class=\"_ _3\"></span>ola (Trieste) 28,3 30,7 (2,4) Realizzazione vasc<span class=\"_ _3\"></span>he di laminazione e co<span class=\"_ _3\"></span>ndotte sottomarine a Rimini 19,2 18,4 0,8 Altri minori 52,1 68,1 (16,0) Totale 300,6 262,5 38,1<span class=\"_ _75\"> </span>I contributi <span class=\"_ _5\"></span>Pnrr, in particolare, accolgono <span class=\"_ _5\"></span>le linee di <span class=\"_ _5\"></span>finanziamen<span class=\"_ _3\"></span>to del <span class=\"_ _5\"></span>Piano nazionale di ripresa e <span class=\"_ _5\"></span>resilienza attivate<span class=\"_ _3\"></span> per <span class=\"_ _5\"></span>nuovi <span class=\"_ _5\"></span>investimenti. Di <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>sono r<span class=\"_ _5\"></span>iportati <span class=\"_ _5\"></span>i principali <span class=\"_ _5\"></span>interventi per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>sono stati <span class=\"_ _5\"></span>ricevuti <span class=\"_ _5\"></span>contributi nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 2024:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">riduzione <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>idriche <span class=\"_ _6\"></span><span class=\"lse\">ne</span>lle <span class=\"_ _6\"></span>Ato <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>regione <span class=\"_ _6\"></span>Emilia-Ro<span class=\"_ _3\"></span>magna <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>Hera<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>gesto<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizi<span class=\"_ _3\"></span>o </span></span>idrico integrato per 15,4 milioni <span class=\"_ _3\"></span>di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ricerca <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>idriche <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _5\"></span></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>rinnovam<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span><span class=\"ff5\">delle <span class=\"_ _7\"></span>reti <span class=\"_ _6\"></span>nell\u2019Ato <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>provincia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Pesaro</span>-Urbino </span></span>per 5,9 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">potenziamento <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>mpianti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>depurazione <span class=\"_ _6\"></span>nei <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>uni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Bologna <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>Raven<span class=\"_ _3\"></span>na <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>interventi <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ulla <span class=\"_ _7\"></span>rete <span class=\"_ _6\"></span>fognari<span class=\"_ _3\"></span>a </span></span>nel territorio della <span class=\"_ _3\"></span>provincia di Forl\u00ec per 4,4 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">potenziamento <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>fonte <span class=\"_ _5\"></span>geotermica n<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>omune di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Ferrara <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>estensione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>rete <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>teleriscaldamento <span class=\"_ _5\"></span>nel </span></span>comune di Forl\u00ec per 3 milioni di<span class=\"_ _3\"></span> euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">progetto \"Sustainable water managem<span class=\"_ _3\"></span>ent<span class=\"ff5\">\u201d</span> nel<span class=\"ff5\">l\u2019Ato </span>Bacchiglione nella regio<span class=\"_ _3\"></span>ne Veneto per 2,5 milioni <span class=\"_ _3\"></span>di euro. </span></span>\u201cDepositi <span class=\"_ _10\"> </span>cauzio<span class=\"_ _3\"></span>nali <span class=\"_ _10\"> </span>da <span class=\"_ _4\"> </span>clienti\u201d, <span class=\"_ _10\"> </span>riflettono<span class=\"ff1\"> <span class=\"_ _10\"> </span>quanto <span class=\"_ _10\"> </span>richiesto <span class=\"_ _4\"> </span>ai <span class=\"_ _10\"> </span>clienti <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>relazione <span class=\"_ _10\"> </span>principalmente<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>contratti  d<span class=\"_ _5\"></span>i </span>somministrazione <span class=\"_ _7\"></span>gas, <span class=\"_ _6\"></span>energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>acqua<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>presen<span class=\"_ _3\"></span>za <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>eterminate <span class=\"_ _6\"></span>condi<span class=\"_ _3\"></span>zioni<span class=\"ls1e\">. <span class=\"_ _6\"></span></span>Il <span class=\"_ _6\"></span>significativo <span class=\"_ _6\"></span>decrem<span class=\"_ _3\"></span>ento rispetto <span class=\"_ _6\"></span>all\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _6\"></span>precedente <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>at<span class=\"_ _5\"></span>tribuire <span class=\"_ _6\"></span><span class=\"ff1\">principalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>minori <span class=\"_ _7\"></span>prezzi <span class=\"_ _6\"></span>medi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ommodity <span class=\"_ _7\"></span>evidenziatesi </span>nel corso dell\u2019esercizio<span class=\"_ _3\"></span> 2024, che hanno determinato una minor<span class=\"_ _3\"></span>e entit\u00e0 dell\u2019ammontare <span class=\"_ _3\"></span>singolarmente richiest<span class=\"_ _3\"></span>o<span class=\"_ _7\"></span><span class=\"ff1\">. </span>\u201cCassa  per  i<span class=\"_ _3\"></span>  servizi <span class=\"_ _f\"> </span>energetici  e <span class=\"_ _f\"> </span>ambientali  per  com<span class=\"_ _3\"></span>ponenti  e <span class=\"_ _f\"> </span>perequazione\u201d,  rifl<span class=\"_ _3\"></span>ette  le <span class=\"_ _f\"> </span>posizioni  debitorie <span class=\"_ _f\"> </span>nei confronti della Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali per alc<span class=\"_ _3\"></span>une componenti di sistema dei s<span class=\"_ _3\"></span>ervizi gas, elettrico e idrico <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>134,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(<span class=\"_ _5\"></span>111,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>3<span class=\"lsd\">) <span class=\"_ _6\"></span></span>e <span class=\"_ _e\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>erequazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>di vendita <span class=\"_ _7\"></span>dell\u2019energia<span class=\"ff1\"> <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>lettrica <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>2,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span>7,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>023). <span class=\"_ _7\"></span></span>L\u2019incremento <span class=\"_ _6\"></span>ris<span class=\"_ _3\"></span>petto all<span class=\"ff5\">\u2019esercizio</span> <span class=\"_ _6\"></span>precedente <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>debiti <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>componenti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sistema <span class=\"_ _e\"></span>riflette <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>perdurare <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>effetti, <span class=\"_ _e\"></span>gi\u00e0 <span class=\"_ _6\"></span>evidenziati <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 dicembre 2<span class=\"_ _5\"></span>023, <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>al<span class=\"ff5\">l\u2019azzeramento dei <span class=\"_ _5\"></span>decreti <span class=\"_ _5\"></span>introdotti <span class=\"_ _5\"></span>negli esercizi <span class=\"_ _5\"></span>precedenti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>far <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>\u201ccaro <span class=\"_ _5\"></span>bollette\u201d<span class=\"_ _7\"></span></span><span class=\"ls25\">, </span>nonch\u00e9 <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019in<span class=\"_ _3\"></span>cremento <span class=\"_ _6\"></span><span class=\"ff1\">dei <span class=\"_ _7\"></span>volumi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuiti <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>busin<span class=\"_ _3\"></span>ess <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019a<span class=\"_ _3\"></span>umento <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>posizione <span class=\"_ _7\"></span>debitoria <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>specifiche<span class=\"_ _3\"></span> </span></span></span>componenti relative <span class=\"_ _3\"></span>ai mercati di ultima istan<span class=\"_ _3\"></span>za serviti dal Grupp<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> \u201cIva, <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>addizionali\u201d<span class=\"ff1\">, <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>imposta <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>aggiunto <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>16,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _5\"></span>(71,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di </span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>addizionali <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>21,6 <span class=\"_ _5\"></span>milioni d<span class=\"_ _5\"></span>i euro <span class=\"_ _7\"></span>(46,7 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2<span class=\"_ _5\"></span>023). Come <span class=\"_ _7\"></span>illustrato <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>nota <span class=\"_ _6\"></span>37 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>correnti\u201d,</span> <span class=\"_ _6\"></span>tali <span class=\"_ _5\"></span>variazioni <span class=\"_ _7\"></span>devono <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>lette <span class=\"_ _7\"></span>tenendo <span class=\"_ _7\"></span>presente <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>modalit\u00e0 che <span class=\"_ _e\"> </span>regolano <span class=\"_ _e\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _e\"> </span>con <span class=\"_ _e\"> </span>l\u2019<span class=\"_ _5\"></span><span class=\"ff1\">Erario, <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>quali <span class=\"_ _d\"> </span>possono <span class=\"_ _e\"> </span>generarsi <span class=\"_ _e\"> </span>posizioni <span class=\"_ _e\"> </span>creditorie <span class=\"_ _d\"> </span>o <span class=\"_ _e\"> </span>debitorie <span class=\"_ _e\"> </span>con </span>differenze anche sig<span class=\"_ _3\"></span>nificative tra un period<span class=\"_ _3\"></span>o e <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019altro.</span> Per <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>concerne <span class=\"_ _e\"> </span>l\u2019<span class=\"_ _5\"></span>imposta<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>sul <span class=\"_ _e\"> </span>va<span class=\"_ _5\"></span>lore <span class=\"_ _e\"> </span>aggiunto, <span class=\"_ _f\"> </span>il <span class=\"_ _e\"> </span>significativo <span class=\"_ _d\"> </span>decremento <span class=\"_ _e\"> </span>rispetto <span class=\"_ _e\"> </span>all\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _e\"> </span>\u00e8 dovuto <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>una <span class=\"_ _7\"></span>parte <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>versamento <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fine <span class=\"_ _7\"></span>periodo <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019acconto, <span class=\"_ _5\"></span>calcolato <span class=\"_ _7\"></span>su <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span><span class=\"ff1\">e <span class=\"_ _7\"></span>storica, <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>37,6 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>e </span>dall\u2019altra <span class=\"_ _6\"></span>alla <span class=\"_ _6\"> </span>significativa <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>debitoria <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"> </span>dicembre <span class=\"_ _6\"> </span>2023<span class=\"_ _7\"></span><span class=\"ff1\">. <span class=\"_ _e\"></span>Tale <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>derivava <span class=\"_ _e\"></span>dalla </span>rilevante <span class=\"_ _e\"></span>fatturazione <span class=\"_ _6\"></span><span class=\"ff5\">ef<span class=\"_ _5\"></span>fettuata<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>nell\u2019ultimo<span class=\"ff1\"> <span class=\"_ _e\"></span>trimestre <span class=\"_ _e\"></span>dello <span class=\"_ _e\"></span>scorso <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>nno <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>conclusione <span class=\"_ _e\"></span>degli <span class=\"_ _d\"> </span>interventi <span class=\"_ _6\"></span>rientranti <span class=\"_ _e\"></span>nel </span></span>superbonus 110%, casist<span class=\"_ _3\"></span>ica non evidenziata<span class=\"_ _3\"></span>si nell\u2019esercizio corren<span class=\"_ _3\"></span>te.  <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Per quanto concerne accise e addizi<span class=\"_ _3\"></span>onali, il pagamento in acconto nel corso <span class=\"_ _3\"></span>dell\u2019esercizio<span class=\"_ _7\"></span><span class=\"ff1\"> \u00e8 avvenuto, com<span class=\"_ _3\"></span>e previsto </span>dalla <span class=\"_ _5\"></span>normativa <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>vigore, <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>fatturati <span class=\"_ _5\"></span>nell\u2019anno <span class=\"_ _5\"></span>precedente. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>debito <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>competenza <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>generat<span class=\"_ _3\"></span>o invece sulla base <span class=\"_ _5\"></span>dei volumi fatturati nell\u2019esercizio 202<span class=\"_ _5\"></span><span class=\"ff1\">4<span class=\"_ _5\"></span><span class=\"ls16\">. </span>Ci\u00f2 ha co<span class=\"_ _5\"></span>mportat<span class=\"_ _3\"></span>o, <span class=\"_ _5\"></span>come riportato anche<span class=\"_ _5\"></span> alla <span class=\"_ _5\"></span>nota 37 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre </span></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti\u201d, u<span class=\"_ _5\"></span>na pos<span class=\"_ _5\"></span>izione creditoria <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>business <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>metano <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>posizione <span class=\"_ _5\"></span>debitoria per<span class=\"_ _5\"></span> il business della vendita <span class=\"_ _3\"></span>di energia elettric<span class=\"_ _3\"></span>a.<span class=\"_ _5\"></span> \u201cPersonale e <span class=\"_ _5\"></span>ritenute di<span class=\"_ _5\"></span>pendenti<span class=\"_ _3\"></span>\u201d, <span class=\"_ _7\"></span><span class=\"ff1\">accoglie prevalentemente i <span class=\"_ _5\"></span>compensi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>ferie <span class=\"_ _5\"></span>maturate e non<span class=\"_ _5\"></span> godute<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>il premio </span>di <span class=\"_ _5\"></span>produttivit\u00e0 <span class=\"ff5\">e <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>incentivi all<span class=\"_ _5\"></span>\u2019esodo contabilizzati per <span class=\"_ _5\"></span>competenza al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024<span class=\"_ _7\"></span></span>, <span class=\"_ _5\"></span>oltre le <span class=\"_ _5\"></span>ritenute d<span class=\"_ _5\"></span>a versare all\u2019Erario in qualit\u00e0<span class=\"_ _3\"></span> di sostituto d\u2019imposta per i<span class=\"_ _3\"></span>l personale dipen<span class=\"_ _3\"></span>dente.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u201cDebiti <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>istituti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i p<span class=\"_ _5\"></span>revidenza\u201d,<span class=\"ff1\"> <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>contributi <span class=\"_ _7\"></span>dovuti <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>enti <span class=\"_ _5\"></span>previdenziali<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>relazion<span class=\"lse\">e </span></span>alle retribuzioni di <span class=\"_ _3\"></span>dicembre, al premio di ri<span class=\"_ _3\"></span>sultato e a<span class=\"_ _5\"></span>lle mensilit\u00e0 aggiu<span class=\"_ _3\"></span>ntive previste dai contratti collettivi <span class=\"_ _3\"></span>nazionali. \u201cTitoli di efficienza e<span class=\"_ _3\"></span>nergetica ed emission tradi<span class=\"_ _3\"></span>ng\u201d, comprende l<span class=\"_ _3\"></span>e seguenti fattispecie:<span class=\"ff1\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Certificati bianchi<span class=\"_ _3\"></span> 15,1 27,1 (12,0) Certificati garanzie <span class=\"_ _3\"></span>d'origine 13,4 12,7 0,7 Certificati grigi 5,9 9,7 (3,8) Totale 34,4 49,5 (15,1) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ertificati <span class=\"_ _6\"></span>bianchi <span class=\"_ _6\"></span>comprendono<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">la <span class=\"_ _e\"> </span>valutazione <span class=\"_ _6\"></span>dell\u2019esposizione <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>elativamente<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>agli <span class=\"_ _6\"> </span>obblighi <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>riconsegna <span class=\"_ _6\"></span>nei </span></span></span>confronti <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>Autorit\u00e0 <span class=\"_ _d\"> </span>competenti <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>titoli <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>efficienza <span class=\"_ _d\"> </span>energetica <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>ancora <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>portafoglio.  La <span class=\"_ _f\"> </span>variazione rispetto al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 202<span class=\"_ _5\"></span>3, <span class=\"_ _5\"></span>in u<span class=\"_ _5\"></span>n contesto <span class=\"_ _5\"></span>che h<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>evidenziato quotazioni d<span class=\"_ _5\"></span>i mercato<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ostanzialmente in <span class=\"_ _5\"></span>linea<span class=\"ls1e\">, </span>\u00e8 <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"></span>princip<span class=\"_ _3\"></span>almente <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>minor <span class=\"_ _6\"></span>num<span class=\"_ _3\"></span>ero <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>certificati <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nnullare <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nni <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>quali <span class=\"_ _7\"></span>il Gruppo non ha ancora c<span class=\"_ _3\"></span>ompletamente adempi<span class=\"_ _3\"></span>uto l\u2019obbligo di co<span class=\"_ _3\"></span>mpetenza assegnato;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"ff5\">certificati garanzia d\u2019origine (Go), sostanzialmente in linea con l\u2019eserc<span class=\"_ _3\"></span>izio precedente,<span class=\"_ _5\"></span><span class=\"ff1\"> sono relativi agli obblighi<span class=\"_ _3\"></span> </span></span></span></span>di <span class=\"_ _5\"></span>certificazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>energia <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>lettrica prodotta <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>fonti <span class=\"_ _5\"></span>energetiche <span class=\"_ _5\"></span>rinnovabili <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>vendite <span class=\"_ _5\"></span>effettuate <span class=\"_ _5\"></span>nei confronti dei clienti c<span class=\"_ _3\"></span>he prevedono contr<span class=\"_ _3\"></span>attualmente tale tipologi<span class=\"_ _3\"></span>a di approvvigionam<span class=\"_ _3\"></span>ento;<span class=\"_ _7\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"_ _f\"> </span>certificati <span class=\"_ _d\"> </span>grigi <span class=\"_ _d\"> </span>riflettono <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>valorizzazione <span class=\"_ _f\"> </span><span class=\"ff5\">sia <span class=\"_ _f\"> </span>dell\u2019obbligo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>riconsegna <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>certificati <span class=\"_ _d\"> </span>calcolato <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>alla </span></span></span>vigente <span class=\"_ _4\"> </span>normativa <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>5<span class=\"_ _5\"></span>,5 <span class=\"_ _4\"> </span>milioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>euro <span class=\"_ _10\"> </span>(8,7  milioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>e<span class=\"_ _5\"></span>uro  al <span class=\"_ _10\"> </span>31  dicembre <span class=\"_ _4\"> </span>202<span class=\"_ _5\"></span>3<span class=\"lsd\">)  </span>sia <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>e<span class=\"ls23\">i <span class=\"_ _4\"> </span></span>contratti <span class=\"_ _10\"> </span>di<span class=\"_ _3\"></span> compravendita <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>termine <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>q<span class=\"_ _3\"></span>uote <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _f\"> </span>emission<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>gas <span class=\"_ _d\"> </span>serra <span class=\"_ _f\"> </span>pe<span class=\"_ _5\"></span>r <span class=\"_ _f\"> </span>0,4  m<span class=\"_ _3\"></span>ilioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>(1 <span class=\"_ _f\"> </span>milione <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 dicembre <span class=\"_ _6\"></span>2023). <span class=\"_ _6\"></span>L<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>variazione <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>precedente <span class=\"_ _6\"></span>esercizio<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>dovuta <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>mi<span class=\"ls10\">no</span>ri <span class=\"_ _6\"></span>obblighi <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>riconsegna <span class=\"_ _6\"></span>per l\u2019esercizio 2024, ai min<span class=\"_ _3\"></span>ori<span class=\"ff1\"> volumi dei contratti a termine e alla flessione <span class=\"ls10\">dei<span class=\"_ _3\"></span><span class=\"ls0\"> prezzi di mercato. </span></span></span>\u201cRicavi  anticipati<span class=\"ff1\">, <span class=\"_ _4\"> </span>rappresentano  principalmente <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>quote  de<span class=\"_ _5\"></span>i  crediti  di <span class=\"_ _4\"> </span>imposta <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>investimenti  in <span class=\"_ _4\"> </span>nuovi  beni </span>strumentali di compete<span class=\"_ _3\"></span>nza degli esercizi futuri per 8,8 milioni di euro (10,7 milio<span class=\"_ _3\"></span>ni di euro al 31 di<span class=\"_ _3\"></span>cembre 2023)<span class=\"_ _5\"></span>. \u201cAltri debiti\u201d costituiti<span class=\"_ _3\"></span> principalmente dalle s<span class=\"_ _3\"></span>eguenti fattispecie:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Corrispettivit\u00e0 di m<span class=\"_ _3\"></span>orosit\u00e0 settore elett<span class=\"_ _3\"></span>rico, gas e altri 17,1 27,4 (10,3) Contributi per disagi <span class=\"_ _3\"></span>ambientali 16,9 14,1 2,8 Contributi alluvione 16,5 10,0 6,5 Franchigie assic<span class=\"_ _3\"></span>urative 8,1 8,7 (0,6) Altri minori 78,9 71,0 7,9 Totale 137,5 131,2 6,3 In particolare: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _6\"></span><span class=\"ls0\">corrispettivi <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>morosit\u00e0 <span class=\"_ _6\"></span>set<span class=\"_ _5\"></span>tore <span class=\"_ _e\"></span>elettrico, <span class=\"_ _6\"></span>gas <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>rappresentano <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>importi, <span class=\"_ _6\"></span>addebitati <span class=\"_ _6\"></span>agli </span></span></span>utenti <span class=\"_ _6\"></span>finali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>che, <span class=\"_ _7\"></span>prima <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>assagg<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo <span class=\"_ _6\"></span>Hera, <span class=\"_ _7\"></span>siano <span class=\"_ _6\"></span>risultati <span class=\"_ _7\"></span>morosi <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>ultime <span class=\"_ _6\"></span>tr<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>mensilit\u00e0<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>sono riferibili <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>particolar<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>modo <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>mercati <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>ultima <span class=\"_ _7\"></span>is<span class=\"_ _5\"></span>tanza. <span class=\"_ _6\"></span>Tali <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>mporti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>retroce<span class=\"_ _3\"></span>dere <span class=\"_ _7\"></span>ai<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>precedenti <span class=\"_ _7\"></span>fornitori. L\u2019indennizzo <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>iene <span class=\"_ _e\"> </span>applicato <span class=\"_ _d\"> </span>solo <span class=\"_ _d\"> </span>ad <span class=\"_ _f\"> </span>alcune <span class=\"_ _e\"> </span>specifiche <span class=\"_ _d\"> </span>categorie <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>utenze, <span class=\"_ _d\"> </span>individuate <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>alla  <span class=\"ff1\">deliber<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>Arera </span>593/2017/R <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>dalle <span class=\"_ _d\"> </span>sue <span class=\"_ _d\"> </span>successive <span class=\"_ _d\"> </span>modifiche <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>integrazio<span class=\"_ _3\"></span>ni<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _d\"> </span></span>Il <span class=\"_ _f\"> </span>decremento <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all<span class=\"ff5\">\u2019</span>esercizio <span class=\"_ _d\"> </span>precedente riflette <span class=\"_ _8\"> </span>l\u2019acquisizi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>un <span class=\"_ _10\"> </span>n<span class=\"_ _5\"></span>uovo <span class=\"_ _8\"> </span>lotto<span class=\"ff1\"> <span class=\"_ _8\"> </span>nel <span class=\"_ _8\"> </span>mercato <span class=\"_ _8\"> </span></span>salvaguardia <span class=\"_ _10\"> </span>avvenuta <span class=\"_ _8\"> </span>nell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>2023, <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>ha<span class=\"_ _3\"></span> comportato un <span class=\"_ _5\"></span>significativo <span class=\"_ _5\"></span>incremento <span class=\"_ _5\"></span><span class=\"ff5\">dell\u2019esposizione</span> <span class=\"_ _5\"></span>al 3<span class=\"_ _5\"></span>1 d<span class=\"_ _5\"></span>icembre 2023<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>mentre le <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>perimetr<span class=\"_ _3\"></span>o sui <span class=\"_ _d\"> </span>mercati <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>ultima <span class=\"_ _d\"> </span>istanza <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>gas <span class=\"_ _e\"> </span>metano <span class=\"_ _f\"> </span><span class=\"ff5\">avvenute <span class=\"_ _e\"> </span>nell\u2019anno <span class=\"_ _e\"> </span>corrente <span class=\"_ _d\"> </span></span>non <span class=\"_ _e\"> </span>hanno <span class=\"_ _d\"> </span>impatti <span class=\"_ _d\"> </span>significativi <span class=\"_ _e\"></span>sul valore al 31 dicembr<span class=\"_ _3\"></span>e 2024; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _d\"> </span><span class=\"ls0\">contributi <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>isagi <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>mbientali <span class=\"_ _e\"> </span>sono <span class=\"_ _f\"> </span>costituiti <span class=\"_ _e\"> </span>da <span class=\"_ _f\"> </span>importi <span class=\"_ _e\"> </span>da<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>li<span class=\"_ _5\"></span>quidare <span class=\"_ _e\"> </span>ai<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>Comuni <span class=\"_ _d\"> </span>determinati <span class=\"_ _d\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _d\"> </span>di </span></span></span>specifiche <span class=\"_ _5\"></span>convenzioni <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>dovuti <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>titolo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>indennizzo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>aventi <span class=\"_ _7\"></span>impatto <span class=\"_ _5\"></span>ambientale <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>relazione al <span class=\"_ _7\"></span>conferimento <span class=\"_ _5\"></span>rifiuti <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>impianti <span class=\"_ _5\"></span>presenti <span class=\"_ _6\"></span><span class=\"ff5\">sui <span class=\"_ _5\"></span>territori <span class=\"_ _7\"></span>comunali. <span class=\"_ _5\"></span>L\u2019ammontare <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>tali <span class=\"_ _7\"></span>contributi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>correlato <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lle<span class=\"_ _3\"></span> </span>quantit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>rifiuti <span class=\"_ _6\"></span>annualmente <span class=\"_ _7\"></span>smaltite <span class=\"_ _6\"></span><span class=\"ff5\">che <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>risultate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>au<span class=\"_ _3\"></span>mento <span class=\"_ _6\"></span>nell\u2019eserciz<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>periodo <span class=\"_ _6\"></span>di </span>confronto; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _7\"></span><span class=\"ls0\">contributi <span class=\"_ _7\"></span>alluvione <span class=\"_ _7\"></span>rappresentano <span class=\"_ _7\"></span><span class=\"lse\">un<span class=\"_ _5\"></span></span><span class=\"ff5\">\u2019</span>anticipazione <span class=\"_ _7\"></span>ricevut<span class=\"lse\">a <span class=\"_ _7\"></span></span>dal<span class=\"ff5\">l\u2019Ente</span> <span class=\"_ _6\"></span>C<span class=\"_ _3\"></span>ommissariale <span class=\"_ _7\"></span>Straordinario <span class=\"_ _7\"></span>istituito <span class=\"_ _7\"></span>dal </span></span></span>Governo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>finanziamento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>lavori <span class=\"_ _6\"></span>ritenuti <span class=\"_ _6\"></span>necessari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span><span class=\"ff5\">dei <span class=\"_ _6\"> </span>danni <span class=\"_ _6\"></span>causati <span class=\"_ _6\"></span>dall\u2019alluvione <span class=\"_ _6\"> </span></span>di <span class=\"_ _e\"></span>maggio 2023 <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>Emilia-Romagn<span class=\"_ _3\"></span>a<span class=\"ls16\">. <span class=\"_ _7\"></span></span>Tali <span class=\"_ _6\"></span>contributi, <span class=\"_ _7\"></span>tuttavia, <span class=\"_ _7\"></span>potranno <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>itenuti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>spettanza <span class=\"_ _7\"></span>effettiva <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo, <span class=\"_ _7\"></span>al netto <span class=\"_ _4\"> </span>dei <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>imborsi  assicurativi  r<span class=\"_ _5\"></span>icevuti,  solamente <span class=\"_ _10\"> </span>al  termine <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>percorso  di <span class=\"_ _10\"> </span>pres<span class=\"_ _3\"></span>entazione <span class=\"_ _4\"> </span>delle <span class=\"_ _4\"> </span>istanze<span class=\"_ _7\"></span> attualmente <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>corso. <span class=\"_ _6\"></span>In <span class=\"_ _7\"></span>tale <span class=\"_ _7\"></span>contesto <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>fortemente <span class=\"_ _7\"></span>incerto, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _7\"></span>rit<span class=\"_ _5\"></span>iene <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019a<span class=\"_ _3\"></span>nticipazione <span class=\"_ _7\"></span><span class=\"ff1\">potrebbe </span></span>dover essere <span class=\"_ _5\"></span>restituita <span class=\"_ _5\"></span><span class=\"ff5\">nel corso dell\u2019esercizio 2025<span class=\"_ _5\"></span></span> e<span class=\"_ _5\"></span> pertanto non <span class=\"_ _5\"></span>ricorrono i <span class=\"_ _5\"></span>requisiti di <span class=\"_ _5\"></span>certezza sufficienti per l\u2019iscrizione del contri<span class=\"_ _3\"></span>buto pubblico;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le f<span class=\"_ _5\"></span>ranchigie assicurative <span class=\"_ _5\"></span>rappresentano importi che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo deve rimborsare direttamente <span class=\"_ _5\"></span>ai terzi <span class=\"_ _5\"></span>danneggiati </span></span>o alle compagnie as<span class=\"_ _3\"></span>sicurative. Come <span class=\"_ _6\"></span>esposto <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>paragrafo <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>.02.01 <span class=\"_ _6\"></span>\u201cIntroduzi<span class=\"_ _3\"></span>one\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>introdotte <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>uove <span class=\"_ _6\"></span>righe <span class=\"_ _6\"></span>negli <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>chemi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bilan<span class=\"_ _3\"></span>cio <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>di conseguenza  sono  state  effettuate  alcune <span class=\"_ _10\"> </span>riesposi<span class=\"_ _3\"></span>zioni  rispetto  a <span class=\"_ _4\"> </span>quanto  pubblicato  al  31  d<span class=\"_ _5\"></span>icembre  2023.  In particolare, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _6\"></span>precedente <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>correnti\u201d <span class=\"_ _6\"></span>accoglievano <span class=\"_ _6\"></span>acconti <span class=\"_ _6\"></span>per <span class=\"_ _6\"> </span>lavori <span class=\"_ _e\"> </span>in </span>corso <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>risconti <span class=\"_ _5\"></span>passivi <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>ricavi <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>clienti <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>differire <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>esercizi <span class=\"_ _5\"></span>successivi <span class=\"_ _5\"></span>rispettivamente <span class=\"_ _5\"></span>per 365,1 milioni di <span class=\"_ _5\"></span>euro e p<span class=\"_ _5\"></span>er 14,4 milioni di <span class=\"_ _5\"></span>euro. Tali fattispecie sono <span class=\"_ _5\"></span>state esposte al 31 <span class=\"_ _5\"></span>dicembre 2024, per <span class=\"_ _5\"></span>entrambi i periodi di confronto,<span class=\"_ _3\"></span> nella voce di nuova intr<span class=\"_ _3\"></span>oduzione \u201cPassivit\u00e0 <span class=\"_ _3\"></span>correnti derivanti da cont<span class=\"_ _3\"></span>ratti con i clienti\u201d<span class=\"_ _5\"></span><span class=\"ff1\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "37  <span class=\"ls0\">Altre attivit<span class=\"_ _3\"></span>\u00e0 correnti </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Crediti d'imposta, <span class=\"_ _3\"></span>agevolazioni fiscali <span class=\"_ _3\"></span>e altri crediti tributari 741,6 100,6 641,0 Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali<span class=\"_ _3\"></span> per perequazione <span class=\"_ _3\"></span>e proventi di continuit\u00e0 82,0 85,3 (3,3) Iva, accise e addizi<span class=\"_ _3\"></span>onali 48,4 75,7 (27,3) Anticipi a fornitori<span class=\"_ _3\"></span> 48,0 35,7 12,3 Costi anticipati 42,0 34,7 7,3 Attivit\u00e0 per titoli di eff<span class=\"_ _3\"></span>icienza energetica e<span class=\"_ _3\"></span>d emission tradin<span class=\"_ _3\"></span>g 41,2 64,3 (23,1) Depositi cauzionali 39,6 39,8 (0,2) Altri crediti 61,7 73,2 (11,5) Totale 1.104,5 509,3 595,2 \u201cCrediti d\u2019imposta<span class=\"ff1\">, agevolazioni <span class=\"_ _3\"></span>fiscali e altri crediti tributari<span class=\"ff5\">\u201d, accolgono prin<span class=\"_ _3\"></span>cipalmente:<span class=\"ff1\"> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">crediti  derivanti  dall\u2019applicazione  dello  sconto  in  fattura  ai  c<span class=\"_ _5\"></span>lienti  finali,  valutati  al  costo  ammortizzato,  in </span></span>relazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _7\"></span>agevolati <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>effi<span class=\"_ _3\"></span>cientamento <span class=\"_ _6\"></span>en<span class=\"_ _3\"></span>ergetico <span class=\"_ _6\"></span>reali<span class=\"_ _3\"></span>zzati <span class=\"_ _6\"></span>principalm<span class=\"_ _3\"></span>ente <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>condomini <span class=\"_ _6\"></span>per <span class=\"_ _d\"> </span>731,1 milioni  di <span class=\"_ _f\"> </span>euro  (88,3  mi<span class=\"_ _3\"></span>lioni  di<span class=\"_ _3\"></span>  euro <span class=\"_ _f\"> </span>al  31  dicemb<span class=\"_ _3\"></span>re  2023). <span class=\"_ _f\"> </span>Il  significativo  i<span class=\"_ _3\"></span>ncremento <span class=\"_ _f\"> </span>rispetto  all\u2019esercizio precedente <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _f\"> </span>riconducibile<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>scelta <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>conservare <span class=\"_ _f\"> </span>tali <span class=\"_ _e\"> </span>crediti <span class=\"_ _d\"> </span>sui <span class=\"_ _d\"> </span>cassetti <span class=\"_ _d\"> </span>fiscali <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _f\"> </span>e <span class=\"_ _d\"> </span>utilizzarli <span class=\"_ _d\"> </span>in compensazione, me<span class=\"_ _3\"></span>ntre nel corso del 202<span class=\"_ _3\"></span>3 si \u00e8 proceduto in via<span class=\"_ _3\"></span> prevalente a cessioni al <span class=\"_ _3\"></span>sistema bancario;<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">crediti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>investimenti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>beni <span class=\"_ _5\"></span>stru<span class=\"_ _5\"></span>mentali, <span class=\"_ _7\"></span>inclusa <span class=\"_ _5\"></span>Industria <span class=\"_ _5\"></span>4.0, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>complessivi <span class=\"_ _7\"></span>7,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>(9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di </span></span>euro  a<span class=\"_ _5\"></span>l <span class=\"_ _4\"> </span>31 <span class=\"_ _4\"> </span>dicembre <span class=\"_ _4\"> </span>2023), <span class=\"_ _10\"> </span>che  saranno  u<span class=\"_ _5\"></span>tilizzati  in <span class=\"_ _10\"> </span>compensaz<span class=\"_ _3\"></span>ione <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>imp<span class=\"_ _3\"></span>oste <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>contrib<span class=\"_ _3\"></span>uti <span class=\"_ _4\"> </span>nei <span class=\"_ _4\"> </span>per<span class=\"_ _5\"></span>iodi successivi sulla bas<span class=\"_ _3\"></span>e dei limiti annuali previs<span class=\"_ _3\"></span>ti.  \u201cCassa <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>energetici <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>ambientali <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>perequazione <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>continuit\u00e0\u201d <span class=\"_ _5\"></span>sono <span class=\"_ _6\"></span>costituiti <span class=\"_ _7\"></span>da<span class=\"_ _6\"></span><span class=\"ff1\"> <span class=\"_ _7\"></span>proventi <span class=\"_ _7\"></span>di </span>continuit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span><span class=\"lse\">23</span>,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(<span class=\"ls10\">30<span class=\"ls16\">,3</span></span> <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2023<span class=\"lsd\">) <span class=\"_ _5\"></span></span>e <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>crediti <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>perequazione <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>5<span class=\"ls10\">8,</span>3 milioni di euro (<span class=\"lse\">55</span> milioni di euro al 31 <span class=\"_ _3\"></span>dicembre 2023). Si <span class=\"_ _4\"> </span>segnala <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>he <span class=\"_ _4\"> </span>i <span class=\"_ _10\"> </span>proventi  di <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>ontinuit\u00e0 <span class=\"_ _4\"> </span>diminuiscono <span class=\"_ _4\"> </span>per <span class=\"_ _10\"> </span><span class=\"lse\">6,</span>6 <span class=\"_ _10\"> </span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _4\"> </span>di <span class=\"_ _10\"> </span>euro <span class=\"_ _4\"> </span>rispetto <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>precedente<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>esercizio<span class=\"_ _3\"></span> principalmente <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>seguito <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>decremento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>rediti <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>oneri <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>sistema <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>bonus <span class=\"_ _6\"></span>sociali <span class=\"_ _6\"></span>gas<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>lettrico<span class=\"_ _7\"></span>, <span class=\"_ _6\"></span><span class=\"ls12\">che </span>hanno e<span class=\"_ _5\"></span>videnziato un <span class=\"_ _5\"></span>significativo <span class=\"_ _5\"></span>increment<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>negli esercizi <span class=\"_ _5\"></span>precedenti, <span class=\"_ _5\"></span>in parte <span class=\"_ _5\"></span>gi\u00e0 <span class=\"_ _5\"></span>riassorbito al <span class=\"_ _5\"></span>31 d<span class=\"_ _5\"></span>icembre 2023, per effetto <span class=\"lse\">de</span>lle agevolazioni agli u<span class=\"_ _3\"></span>tenti introdotte dal Governo <span class=\"ff5\">per far fronte <span class=\"_ _3\"></span>al \u201ccaro bollette\u201d<span class=\"ff1\">. </span></span>\u201cIva, <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>addizionali\u201d, <span class=\"_ _7\"></span><span class=\"ff1\">sono <span class=\"_ _5\"></span>costituiti <span class=\"_ _7\"></span></span>dai <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>verso <span class=\"_ _7\"></span>l\u2019erario p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>im<span class=\"_ _5\"></span><span class=\"ff1\">posta <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>va<span class=\"_ _5\"></span>lore <span class=\"_ _5\"></span>aggiunto <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>10,4 <span class=\"_ _5\"></span>mil<span class=\"_ _5\"></span>ioni <span class=\"_ _5\"></span>di </span>euro <span class=\"_ _5\"></span>(10,6 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>addizionali <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span><span class=\"lse\">38<span class=\"_ _5\"></span></span> <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>(65,1 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro al <span class=\"_ _7\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _7\"></span>dicembre <span class=\"_ _6\"></span>2023). <span class=\"_ _6\"></span>P<span class=\"_ _3\"></span>er <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>uanto <span class=\"_ _6\"></span>rigua<span class=\"_ _3\"></span>rda <span class=\"_ _7\"></span>acc<span class=\"_ _5\"></span>ise <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>addizion<span class=\"_ _3\"></span>ali, <span class=\"_ _7\"></span>occorre <span class=\"_ _6\"></span>tener <span class=\"_ _7\"></span>presente <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>modalit\u00e0 <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>re<span class=\"_ _5\"></span>golano <span class=\"_ _7\"></span>i rapporti  finanziari  con  l<span class=\"_ _5\"></span>\u2019erario:<span class=\"_ _3\"></span>  gli <span class=\"_ _4\"> </span>acconti  corrisposti  nel <span class=\"_ _4\"> </span>corso  dell\u2019anno,  infatti,  sono <span class=\"_ _4\"> </span>calcolati  sulla  base <span class=\"_ _4\"> </span>dei quantitativi <span class=\"_ _6\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>gas <span class=\"_ _6\"></span>ed <span class=\"_ _e\"> </span>energia <span class=\"_ _e\"> </span>elettrica <span class=\"_ _6\"> </span>fatturati <span class=\"_ _e\"> </span>nell\u2019esercizio <span class=\"_ _6\"> </span>precedente,<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _e\"></span>mentre <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>debi<span class=\"_ _5\"></span>to <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span>ffettivo <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>genera <span class=\"_ _6\"></span>sull<span class=\"_ _5\"></span>a </span>base <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>volumi <span class=\"_ _7\"></span>venduti <span class=\"_ _6\"></span>nel <span class=\"_ _7\"></span>periodo.<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>Attraverso <span class=\"_ _6\"></span>q<span class=\"_ _3\"></span>ueste <span class=\"_ _6\"></span>modali<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _6\"></span>possono <span class=\"_ _7\"></span>generarsi <span class=\"_ _6\"></span>posizioni <span class=\"_ _7\"></span>creditorie <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>debitorie con differenze anche sig<span class=\"_ _3\"></span>nificative tra un pe<span class=\"_ _3\"></span>riodo e l\u2019altro.<span class=\"_ _5\"></span><span class=\"ff1\">  </span>La <span class=\"_ _6\"></span>riduzione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>accise <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>addizionali <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _6\"></span>determinata <span class=\"_ _6\"></span>dalla <span class=\"_ _6\"></span>modalit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>pagamento <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>normativa vigente che <span class=\"_ _5\"></span>prevede il versamento <span class=\"ff5\">in <span class=\"_ _5\"></span>acconto per le accise e add<span class=\"_ _5\"></span>izionali gas, sulla base dei volumi <span class=\"_ _5\"></span>fatturati nell\u2019anno<span class=\"_ _3\"></span> </span>precedente<span class=\"ff5\">. <span class=\"_ _7\"></span>In <span class=\"_ _7\"></span>particolare, <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>volumi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019anno <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>risultati <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>leggera <span class=\"_ _7\"></span>contrazione <span class=\"_ _7\"></span>rispetto <span class=\"_ _7\"></span>all\u2019esercizio </span>precedente,  determinando  quindi  un  credito  per  accise  contenuto  al  31  d<span class=\"_ _5\"></span>icembre  2024;  al  contrario<span class=\"_ _7\"></span>  i  volumi dell\u2019elettrico <span class=\"_ _e\"> </span>sono <span class=\"_ _d\"> </span>risultati <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>aumento <span class=\"_ _d\"> </span>determinando <span class=\"_ _e\"> </span>quindi <span class=\"_ _e\"> </span>u<span class=\"_ _5\"></span>n <span class=\"_ _e\"> </span>sa<span class=\"_ _5\"></span>ldo <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>debito, <span class=\"_ _d\"> </span>come <span class=\"_ _e\"> </span>riportato <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _e\"> </span>nota <span class=\"_ _d\"> </span>38 <span class=\"_ _d\"> </span>\u201cAltre passivit\u00e0 correnti\u201d.<span class=\"ff1\"> </span>\u201cAnticipi <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>fornitori\u201d<span class=\"ff1 ls1e\">, <span class=\"_ _d\"> </span><span class=\"ls0\">la <span class=\"_ _d\"> </span>variazione <span class=\"_ _d\"> </span></span></span>dell\u2019anno <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>riconducibile <span class=\"_ _e\"> </span>principalmente <span class=\"_ _f\"> </span>all\u2019avvio <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>nuovi <span class=\"_ _e\"> </span>contratti <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tipulati <span class=\"_ _e\"> </span>con fornitori <span class=\"_ _7\"></span>aventi <span class=\"_ _7\"></span>diritto <span class=\"_ _6\"></span>ad <span class=\"_ _7\"></span><span class=\"ff5\">anticipazioni <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ul <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>dell\u2019appalto</span>,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>ottemperanza <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>normativa <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>riferime<span class=\"_ _3\"></span>nto<span class=\"_ _5\"></span>. <span class=\"_ _7\"></span>La <span class=\"_ _6\"></span>voc<span class=\"_ _3\"></span>e accoglie, in via residuale, anche<span class=\"_ _3\"></span> gli acconti ad agenti p<span class=\"_ _3\"></span>er provvigioni. \u201c<span class=\"ff1\">Attivit\u00e0 per t</span>itoli di effici<span class=\"_ _3\"></span>enza energetica ed emis<span class=\"_ _3\"></span>sion trading\u201d compren<span class=\"_ _3\"></span>d<span class=\"_ _5\"></span><span class=\"ff1\">ono le seguenti fattispecie: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Certificati bianchi<span class=\"_ _3\"></span> 27,9 51,5 (23,6) Certificati grigi 13,3 7,6 5,7 Certificati verdi \u2010<span class=\"ff4\"> </span>5,1 (5,1) Totale 41,2 64,3 (23,1) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Il portafoglio re<span class=\"_ _5\"></span>lativo ai certificati bianchi acco<span class=\"_ _5\"></span>glie <span class=\"_ _5\"></span>in v<span class=\"_ _5\"></span>ia prevalente la <span class=\"_ _5\"></span>valorizzazione dei titoli c<span class=\"_ _5\"></span>alcolati sulla base </span></span>degli <span class=\"_ _6\"></span>obiettivi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>efficienza <span class=\"_ _7\"></span>energetica <span class=\"_ _6\"></span>stabiliti <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>Gse <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>distri<span class=\"_ _3\"></span>butrici <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>energia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> netto delle cessioni <span class=\"_ _5\"></span>intervenute nel periodo, p<span class=\"_ _5\"></span>er <span class=\"_ _5\"></span>26,4 <span class=\"_ _5\"></span>milioni di euro <span class=\"_ _5\"></span>(49,7 <span class=\"_ _5\"></span>milioni di euro <span class=\"_ _5\"></span>al 31 d<span class=\"_ _5\"></span>icembre 2023) <span class=\"_ _5\"></span><span class=\"lse\">e </span>in <span class=\"_ _5\"></span>via <span class=\"_ _7\"></span>residuale <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>titoli <span class=\"_ _5\"></span>originati <span class=\"_ _5\"></span>dagli <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>efficientamento <span class=\"_ _5\"></span>energetico<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>realizzati da<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>1,<span class=\"_ _7\"></span>5 <span class=\"_ _7\"></span>milioni<span class=\"_ _3\"></span> di <span class=\"_ _7\"></span>euro <span class=\"_ _6\"></span>(<span class=\"ls10\">1,</span>8 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2023<span class=\"_ _5\"></span>). <span class=\"_ _7\"></span>Il <span class=\"_ _6\"></span>decremento, <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>sos<span class=\"_ _5\"></span>tanziale <span class=\"_ _7\"></span>parit\u00e0 <span class=\"_ _6\"></span>sia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valorizzazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> contributo <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all\u2019esercizio <span class=\"_ _e\"> </span>precedente<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _d\"> </span></span>sia <span class=\"_ _d\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>o<span class=\"_ _5\"></span>biettivi <span class=\"_ _e\"> </span>assegnati <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>l\u2019anno <span class=\"_ _f\"> </span>d\u2019obblig<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>2024<span class=\"_ _7\"></span><span class=\"ff1\">, <span class=\"_ _d\"> </span>\u00e8 </span>dovuto alle operazio<span class=\"_ _3\"></span>ni di ottimizzazione <span class=\"_ _3\"></span>del capitale circolante <span class=\"_ _3\"></span>netto realizzatesi nel <span class=\"_ _5\"></span>periodo; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Il portafoglio dei c<span class=\"_ _5\"></span>ertificati grigi accoglie la v<span class=\"_ _5\"></span>alorizzazione sia dei titoli <span class=\"_ _5\"></span>in possesso del Gruppo per <span class=\"_ _6\"></span>13,1 <span class=\"_ _5\"></span>milioni di </span></span>euro <span class=\"_ _7\"></span>(6<span class=\"_ _5\"></span>,3 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>202<span class=\"_ _5\"></span>3<span class=\"ff5\">) <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ia <span class=\"_ _7\"></span>dell\u2019esposizione<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>contratti <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>compra<span class=\"_ _3\"></span>vendita <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>termine <span class=\"_ _7\"></span>di </span>quote <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>emissione d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>serra <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>0,2 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>(1,3 <span class=\"_ _7\"></span>milioni a<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _5\"></span>3). <span class=\"_ _5\"></span>La <span class=\"_ _7\"></span>variazione <span class=\"_ _5\"></span>rispetto all\u2019esercizio <span class=\"_ _e\"> </span>precedente <span class=\"_ _d\"> </span>risente <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>maggiori <span class=\"_ _d\"> </span>titoli <span class=\"_ _e\"> </span>detenuti <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>fine <span class=\"_ _e\"> </span>periodo <span class=\"_ _f\"> </span>mentre <span class=\"_ _e\"> </span>il <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>rezzo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>alorizzazio<span class=\"_ _3\"></span>ne risulta diminuito; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Il <span class=\"_ _e\"> </span>portafoglio <span class=\"_ _d\"> </span>relativo <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>certificati <span class=\"_ _e\"> </span>verdi <span class=\"_ _d\"> </span>accoglie<span class=\"_ _5\"></span><span class=\"ls12\">va</span> <span class=\"_ _d\"> </span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"> </span>2023 <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>titoli <span class=\"_ _d\"> </span>iscritti <span class=\"_ _e\"></span>per <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ompetenza <span class=\"_ _e\"></span>prima </span></span>dell\u2019esercizio <span class=\"_ _7\"></span>2016 <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>relazione <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>produzione <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>energia <span class=\"_ _6\"></span>elettrica <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>termoval<span class=\"_ _3\"></span>orizzatore <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Ferrara. <span class=\"_ _6\"></span>Tali <span class=\"_ _7\"></span>titoli sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>un <span class=\"_ _e\"> </span>contenzioso <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gse <span class=\"_ _e\"></span>in <span class=\"_ _e\"> </span>merito <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>metodologia <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>calcolo <span class=\"_ _e\"></span>degli <span class=\"_ _e\"></span>autoconsumi <span class=\"_ _6\"></span>dei servizi <span class=\"_ _7\"></span>ausiliari<span class=\"ff5\">. <span class=\"_ _7\"></span>Nel <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>dell\u2019esercizio <span class=\"_ _5\"></span>2024, <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>seguito <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>sentenza <span class=\"_ _7\"></span>sfavorevole <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Co<span class=\"_ _3\"></span>nsiglio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Stato<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>\u00e8 provveduto alla chiu<span class=\"_ _3\"></span>sura del credito con il <span class=\"_ _3\"></span>conseguente utilizzo d<span class=\"_ _3\"></span>el fondo precedentemente <span class=\"_ _3\"></span>stanziato.<span class=\"_ _5\"></span> \u201cCosti anticipati\u201d,<span class=\"ff1\"> comprendon<span class=\"_ _3\"></span>o principalmente le quote di <span class=\"_ _3\"></span>competenza futura relativamente a: </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Servizi e lavorazio<span class=\"_ _3\"></span>ni esterne 16,7 14,5 2,2 Oneri, fideiussio<span class=\"_ _3\"></span>ni e commissioni banc<span class=\"_ _3\"></span>arie 5,2 5,4 (0,2) Canoni passivi e di <span class=\"_ _3\"></span>concessione per s<span class=\"_ _3\"></span>ervizi a rete 3,1 3,0 0,1 Altri minori  17,0 11,8 5,2 Totale 42,0 34,7 7,3 \u201cDepositi <span class=\"_ _e\"> </span>cauzionali\u201d, <span class=\"_ _e\"> </span>accolgono <span class=\"_ _e\"> </span>principalmente <span class=\"_ _e\"> </span>i <span class=\"_ _e\"> </span>depositi <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>ersati <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>garanzia <span class=\"_ _d\"> </span>della <span class=\"_ _e\"> </span>partecipazione <span class=\"_ _e\"> </span>alle <span class=\"_ _e\"> </span>piattaforme estere <span class=\"_ _5\"></span>di n<span class=\"_ _5\"></span>egoziazione dei <span class=\"_ _5\"></span>contratti su <span class=\"_ _7\"></span>commodity e <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>aste <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>mercato elettrico, <span class=\"_ _5\"></span>nonch\u00e9 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>garantire l\u2019operativit\u00e0 sui <span class=\"_ _6\"></span>merc<span class=\"_ _3\"></span>ati <span class=\"_ _7\"></span>al<span class=\"_ _5\"></span>l\u2019ingrosso <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>ell\u2019energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _6\"></span><span class=\"ff1\">30,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _7\"></span>(29,2 <span class=\"_ _6\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _7\"></span>dicembre </span>2023). La voce <span class=\"ff5\">\u201cAltri crediti\u201d \u00e8 d<span class=\"_ _3\"></span>ettagliata di seguito:<span class=\"ff1\"> </span></span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Contributi straordin<span class=\"_ _3\"></span>ari 13,0 22,6 (9,6) Incentivi da fonti rinno<span class=\"_ _3\"></span>vabili 7,5 0,7 6,8 Crediti verso societ<span class=\"_ _3\"></span>\u00e0 degli asset 6,2 6,2 \u2010<span class=\"ff4\"> </span>Altri minori  35,0 43,7 (8,7) Totale 61,7 73,2 (11,5) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Contributi s<span class=\"_ _5\"></span>traordinari <span class=\"_ _5\"></span>accolgono<span class=\"ls1e\">, <span class=\"_ _5\"></span></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>quanto versato, <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>dovuto, <span class=\"_ _5\"></span><span class=\"lse\">da</span>lla <span class=\"_ _5\"></span>capogruppo <span class=\"_ _5\"></span>Hera </span></span>Spa <span class=\"_ _6\"></span><span class=\"ff5\">nel <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>dell\u2019esercizio <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>relativamente <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>\u201cContributo <span class=\"_ _6\"></span>straordinario <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>xtraprofitti\u201d, <span class=\"_ _6\"></span>intro<span class=\"_ _3\"></span>dotto <span class=\"_ _6\"></span>per <span class=\"_ _6\"> </span>l\u2019anno </span>2022 <span class=\"_ _e\"> </span>dall\u2019art. <span class=\"_ _e\"> </span>37 <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>D.L. <span class=\"_ _e\"> </span>21/2022. <span class=\"_ _e\"> </span>Tali <span class=\"_ _e\"> </span>importi <span class=\"_ _e\"> </span>sono <span class=\"_ _e\"> </span>stati <span class=\"_ _d\"> </span>corrisposti <span class=\"_ _e\"> </span>all\u2019Erario <span class=\"_ _e\"> </span>alle <span class=\"_ _e\"> </span>scadenze <span class=\"_ _e\"> </span>stabilite,  <span class=\"ff1\">m<span class=\"_ _3\"></span>a <span class=\"_ _e\"> </span>la </span>successiva <span class=\"_ _7\"></span>Legge <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Bilancio <span class=\"_ _5\"></span>2023, <span class=\"_ _7\"></span>ai<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>commi <span class=\"_ _7\"></span>120 <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>121 <span class=\"_ _7\"></span>dell\u2019art<span class=\"_ _7\"></span><span class=\"ff1\">.1, <span class=\"_ _7\"></span></span>ha <span class=\"_ _6\"></span>modificato <span class=\"_ _7\"></span>l\u2019ambito <span class=\"_ _7\"></span>soggettivo <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>b<span class=\"_ _5\"></span>ase imponibile del <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ontributo per <span class=\"_ _5\"></span>l\u2019anno <span class=\"_ _5\"></span>2022 <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>seguito d<span class=\"_ _5\"></span>ella <span class=\"_ _5\"></span>quale lo <span class=\"_ _5\"></span>stesso <span class=\"_ _5\"></span>non<span class=\"_ _7\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span>risulta <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>dovuto <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Gruppo, <span class=\"_ _5\"></span>che </span>ha <span class=\"_ _d\"> </span>pertanto <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>ichiesto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rimborso <span class=\"_ _f\"> </span>tale <span class=\"_ _e\"> </span>contributo.<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span><span class=\"ff5\">A <span class=\"_ _d\"> </span>seguito <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>diniego <span class=\"_ _d\"> </span>tacito <span class=\"_ _d\"> </span>dell\u2019Ufficio</span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>del <span class=\"_ _d\"> </span>conseguente ricorso <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Hera <span class=\"_ _6\"></span>S<span class=\"_ _3\"></span>pa, <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>entenza <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>marzo <span class=\"_ _7\"></span>2025,<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>Corte <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Giustizia <span class=\"_ _7\"></span>Tributaria <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>primo <span class=\"_ _6\"></span>gr<span class=\"_ _3\"></span>ado <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> Bologna <span class=\"_ _e\"> </span>ha <span class=\"_ _e\"> </span>condannato <span class=\"_ _e\"> </span>l\u2019Amministrazione <span class=\"_ _e\"> </span>finanziaria <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>disporre <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>rimborso <span class=\"_ _e\"> </span>inte<span class=\"_ _5\"></span>grale <span class=\"_ _6\"></span>de<span class=\"_ _5\"></span>lle <span class=\"_ _e\"> </span>somme <span class=\"_ _e\"> </span>richieste<span class=\"_ _7\"></span><span class=\"ff1 ls1e\">. </span>L<span class=\"ff5\">\u2019importo versato rima<span class=\"_ _3\"></span>ne<span class=\"ff1\">, pertanto, iscritto tra le altre attivit\u00e0 <span class=\"_ _3\"></span>correnti in attesa d<span class=\"ls10\">el</span> rimborso dell<span class=\"_ _3\"></span>o stesso. </span></span>Per <span class=\"_ _d\"> </span>una <span class=\"_ _d\"> </span>migliore <span class=\"_ _f\"> </span>compren<span class=\"_ _3\"></span>sione <span class=\"_ _d\"> </span><span class=\"ff5\">d<span class=\"_ _5\"></span>ei <span class=\"_ _d\"> </span>movimenti <span class=\"_ _d\"> </span>intercorsi <span class=\"_ _d\"> </span>nell\u2019anno <span class=\"_ _e\"> </span>si<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rimanda <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>quanto <span class=\"_ _f\"> </span></span>illustrato <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>capitolo 2.02.03 \u201cFiscalit\u00e0\u201d<span class=\"ff1\">; </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Incentivi <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>fonti <span class=\"_ _7\"></span>rinnovabili, <span class=\"_ _6\"></span>so<span class=\"_ _3\"></span>no <span class=\"_ _6\"></span>rap<span class=\"_ _3\"></span>presentati <span class=\"_ _7\"></span>da<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>crediti <span class=\"_ _6\"></span>verso <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>Gse <span class=\"_ _7\"></span>derivanti <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>meccanismo <span class=\"_ _7\"></span>incentivante </span></span>per la produzione di energia elettrica che ha sostituito dal 2016 il meccani<span class=\"_ _3\"></span>smo dei certificati verdi<span class=\"_ _7\"></span>. Gli incentivi di competenza del <span class=\"_ _5\"></span>periodo sono <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>au<span class=\"_ _5\"></span>mento <span class=\"ff5\">rispetto <span class=\"_ _5\"></span>all\u2019esercizio 202</span>3 <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>quanto si<span class=\"_ _5\"></span> \u00e8 <span class=\"_ _5\"></span>assistito a <span class=\"_ _5\"></span>un<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>incremento del prezzo <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>incentivi <span class=\"_ _5\"></span>(Grin), <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>qua<span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>determina <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>maniera <span class=\"_ _5\"></span>inversamente <span class=\"_ _5\"></span>proporzionale <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>prezzo <span class=\"_ _5\"></span>dell\u2019energia (Pun) dell\u2019esercizi<span class=\"_ _3\"></span>o precedente<span class=\"ff1\">;<span class=\"_ _75\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Crediti <span class=\"_ _7\"></span>verso <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>So<span class=\"_ _3\"></span>ciet\u00e0 <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>asset <span class=\"_ _7\"></span>accolgono <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>crediti <span class=\"_ _7\"></span>verso <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _6\"></span>propr<span class=\"_ _3\"></span>ietarie <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>reti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>beni </span></span>accessori utilizzati d<span class=\"_ _3\"></span>al Gruppo per lo svolg<span class=\"_ _3\"></span>imento dei servizi di p<span class=\"_ _3\"></span>ubblica utilit\u00e0<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "38  <span class=\"ls0\">Altre passiv<span class=\"_ _3\"></span>it\u00e0 correnti </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Debiti per anticipi v<span class=\"_ _3\"></span>erso Cassa per i <span class=\"_ _3\"></span>servizi energetici e ambi<span class=\"_ _3\"></span>entali 510,4 422,8 87,6 Contributi in conto im<span class=\"_ _3\"></span>pianti 300,6 262,5 38,1 Depositi cauzionali <span class=\"_ _3\"></span>da clienti 160,0 199,9 (39,9) Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali<span class=\"_ _3\"></span> per componenti e perequazione 137,3 119,0 18,3 Iva, accise e addizi<span class=\"_ _3\"></span>onali 38,4 118,4 (80,0) Personale e ritenut<span class=\"_ _3\"></span>e a dipendenti 97,2 89,8 7,4 Debiti verso istituti <span class=\"_ _3\"></span>di previdenza 83,5 78,9 4,6 Passivit\u00e0 per titoli <span class=\"_ _3\"></span>di efficienza ener<span class=\"_ _3\"></span>getica ed emission tra<span class=\"_ _3\"></span>ding 34,4 49,5 (15,1) Ricavi anticipati 13,5 15,3 (1,8) Altri debiti 137,5 131,2 6,3 Totale 1.512,8 1.487,3 25,5 <div class=\"c w2 h0 gsc5c\"><div class=\"t m0 x23 h43 yb2e ff5 fs1 fc1 sc0 ls0 ws0\">\u201cDebiti per ant<span class=\"_ _5\"></span>icipi verso Cassa per i servizi energetici e ambientali\u201d, costituiti da anticipazioni non onerose concesse </div><div class=\"t m0 x23 h3 y1c7c ff1 fs1 fc1 sc0 ls0 ws0\">dalla Cassa per <span class=\"_ _5\"></span>i servizi energetici e ambientali<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ulla base di norme di <span class=\"_ _5\"></span>legge e delibere <span class=\"_ _5\"></span>Arera che si sono s<span class=\"_ _5\"></span>usseguite<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h3 y1e61 ff1 fs1 fc1 sc0 ls0 ws0\">negli anni, per le seguenti princi<span class=\"_ _3\"></span>pali fattispecie: </div><div class=\"t m0 x23 h5a yb30 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">258,5 milioni di euro (<span class=\"_ _5\"></span>236,7 milioni di euro al 31 d<span class=\"_ _5\"></span>icembre 2023) in ottemperanza al meccanismo di integrazione </span></span></div><div class=\"t m0 x63 h3 y147 ff1 fs1 fc1 sc0 ls0 ws0\">previsto a <span class=\"_ _5\"></span>fronte di <span class=\"_ _5\"></span>crediti scaduti e <span class=\"_ _5\"></span>non riscossi <span class=\"_ _5\"></span>vantati nei confronti <span class=\"_ _5\"></span>dei clienti <span class=\"_ _5\"></span>gestiti in re<span class=\"_ _5\"></span>gime di <span class=\"_ _7\"></span>Salvaguardia. </div><div class=\"t m0 x63 h3 y148 ff1 fs1 fc1 sc0 ls0 ws0\">Le ultime rendiconta<span class=\"_ _3\"></span>zioni riguardano <span class=\"ff5\">l\u2019anno</span> 2022; </div><div class=\"t m0 x23 h5a y1e1e ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">204,9 <span class=\"_ _8\"> </span>milioni <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>(153,3 <span class=\"_ _8\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>euro <span class=\"_ _8\"> </span>al <span class=\"_ _8\"> </span>31 <span class=\"_ _8\"> </span>dicembre <span class=\"_ _10\"> </span>2023<span class=\"ls13\">) <span class=\"_ _2\"> </span></span>in <span class=\"_ _8\"> </span>ottempera<span class=\"_ _3\"></span>nza <span class=\"_ _8\"> </span>ai <span class=\"_ _10\"> </span>me<span class=\"_ _5\"></span>ccanismi <span class=\"_ _10\"> </span>di </span></span></div><div class=\"t m0 x63 h3 y41d ff1 fs1 fc1 sc0 ls0 ws0\">reintegrazione previsti a fronte degli oneri della morosit\u00e0 dei servizi di ult<span class=\"_ _5\"></span>ima istanza nel settore del gas naturale </div><div class=\"t m0 x63 h3 y108e ff1 fs1 fc1 sc0 ls0 ws0\">(Fui, Ftd e Fdd), soste<span class=\"_ _3\"></span>nuti fino a<span class=\"ff5\">ll\u2019anno termico</span> 2022-<span class=\"ls10\">20</span>23;<span class=\"_ _3\"></span> </div><div class=\"t m0 x23 h5a y135f ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">19,8 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(5 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023) <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>ottemperanza <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>meccanismo<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>integrazione </span></span></div><div class=\"t m0 x63 h3 y789 ff1 fs1 fc1 sc0 ls0 ws0\">previsto <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>fronte <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>rediti <span class=\"_ _e\"></span>scaduti <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>non <span class=\"_ _e\"></span>riscossi<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>vantati <span class=\"_ _e\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>clienti <span class=\"_ _e\"> </span>gestiti <span class=\"_ _d\"> </span>nel <span class=\"_ _d\"> </span>servizio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>tutele </div><div class=\"t m0 x63 h3 y41f ff1 fs1 fc1 sc0 ls0 ws0\">graduali <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>piccole <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>connesse <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>bassa <span class=\"_ _6\"></span>tensione <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>trovano <span class=\"_ _6\"></span>senza <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>contratto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>condizioni <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> </div><div class=\"t m0 x63 h3 y420 ff1 fs1 fc1 sc0 ls0 ws0\">libero mercato; </div><div class=\"t m0 x23 h5a ybfd ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">12,6 <span class=\"_ _f\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>uro <span class=\"_ _f\"> </span>(<span class=\"lse\">14</span> <span class=\"_ _f\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _d\"> </span>202<span class=\"_ _5\"></span>3) <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>ottemperanza <span class=\"_ _f\"> </span><span class=\"ls10\">al</span>le <span class=\"_ _d\"> </span>modalit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>accesso <span class=\"_ _f\"> </span>al </span></span></div><div class=\"t m0 x63 h3 y416 ff1 fs1 fc1 sc0 ls0 ws0\">meccanismo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>reintegrazione <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>oneri <span class=\"_ _e\"></span>generali <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>si<span class=\"_ _5\"></span>stema <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>incassati <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>clienti <span class=\"_ _e\"></span>finali <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gi\u00e0 <span class=\"_ _e\"></span>versati <span class=\"_ _e\"></span>alle </div><div class=\"t m0 x63 h3 y1c37 ff1 fs1 fc1 sc0 ls0 ws0\">societ\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>gli <span class=\"_ _e\"> </span>anni <span class=\"_ _d\"> </span>201<span class=\"_ _5\"></span>6-2023. <span class=\"_ _e\"> </span>I<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>perimetro <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>circoscritto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _e\"></span>elettrica <span class=\"_ _d\"> </span>in </div><div class=\"t m0 x63 h3 y417 ff1 fs1 fc1 sc0 ls0 ws0\">regime <span class=\"_ _c\"> </span>di <span class=\"_ _22\"> </span>mercato <span class=\"_ _c\"> </span>libero, <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>me<span class=\"_ _5\"></span>rcato <span class=\"_ _c\"> </span>Salvaguardia <span class=\"_ _c\"> </span>(disalimentabile) <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>al <span class=\"_ _22\"> </span>servizio <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>tu<span class=\"_ _5\"></span>tele <span class=\"_ _c\"> </span>graduali </div><div class=\"t m0 x63 h3 y421 ff1 fs1 fc1 sc0 ls0 ws0\">(disalimentabile); </div><div class=\"t m0 x23 h5a y163f ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">11 <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>euro <span class=\"_ _d\"> </span>in <span class=\"_ _e\"></span>ottemperanza <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>meccanismo <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>h<span class=\"_ _5\"></span>a <span class=\"_ _e\"> </span>istituito <span class=\"_ _e\"> </span>una <span class=\"_ _d\"> </span>perequazione <span class=\"_ _e\"></span>dei <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>icavi, <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>di </span></span></div><div class=\"t m0 x63 h3 y592 ff1 fs1 fc1 sc0 ls0 ws0\">rendicontazione <span class=\"_ _d\"> </span>effettuata <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>gennaio <span class=\"_ _d\"> </span>2023, <span class=\"_ _d\"> </span>volta <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>compensare <span class=\"_ _e\"> </span>par<span class=\"_ _5\"></span>te <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>costi <span class=\"_ _d\"> </span>non <span class=\"_ _f\"> </span>prevedibili,<span class=\"_ _3\"></span> </div><div class=\"t m0 x63 h3 y1e62 ff1 fs1 fc1 sc0 ls0 ws0\">sostenuti <span class=\"_ _5\"></span>nelle <span class=\"_ _5\"></span>forniture sui <span class=\"_ _5\"></span>mercati <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>ultima <span class=\"_ _5\"></span>istanza <span class=\"_ _5\"></span><span class=\"ff5\">default <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Fui, <span class=\"_ _5\"></span>specie <span class=\"_ _5\"></span>per e<span class=\"_ _5\"></span>ffetto <span class=\"_ _5\"></span>dell\u2019ingres<span class=\"_ _3\"></span>so <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>numero </span></div><div class=\"t m0 x63 h3 y593 ff1 fs1 fc1 sc0 ls0 ws0\">maggiore di clienti ri<span class=\"_ _3\"></span>spetto alle previsioni. </div><div class=\"t m0 x23 h3 y594 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y425 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cContributi  in  conto <span class=\"_ _4\"> </span>impianti\u201d,  si  decrementano  proporzionalmente  alle  quote  di  ammortamento  calcolate<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _4\"> </span>sulle </span></div><div class=\"t m0 x23 h3 y33c ff1 fs1 fc1 sc0 ls0 ws0\">immobilizzazioni di rife<span class=\"_ _3\"></span>rimento e si increm<span class=\"_ _3\"></span>entano per effetto de<span class=\"_ _5\"></span>gli incassi d<span class=\"_ _3\"></span>ei contributi pubblici. La voce comprende<span class=\"_ _3\"></span>: </div><div class=\"t m0 x23 h3 y596 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h90 gsc5d\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h90 gsc5e\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h90 gsc5f\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h3c gsc60\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Fondo nuovi investim<span class=\"_ _3\"></span>enti per il sistema idr<span class=\"_ _3\"></span>ico </div></div><div class=\"c w111 h3c gsc61\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">104,9 </div></div><div class=\"c w112 h3c gsc62\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">102,6 </div></div><div class=\"c w111 h3c gsc63\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,3 </div></div><div class=\"c w110 h3c gsc64\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Depurazione e r<span class=\"_ _3\"></span>eti fognarie </div></div><div class=\"c w111 h3c gsc65\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">54,5 </div></div><div class=\"c w112 h3c gsc66\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">40,7 </div></div><div class=\"c w111 h3c gsc67\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13,8 </div></div><div class=\"c w110 h3c gsc68\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Contributi Pnrr </div></div><div class=\"c w111 h3c gsc69\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">41,6 </div></div><div class=\"c w112 h3c gsc6a\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">2,0 </div></div><div class=\"c w111 h3c gsc6b\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">39,6 </div></div><div class=\"c w110 h3c gsc6c\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Depuratore di Serv<span class=\"_ _3\"></span>ola (Trieste) </div></div><div class=\"c w111 h3c gsc6d\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">28,3 </div></div><div class=\"c w112 h3c gsc6e\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">30,7 </div></div><div class=\"c w111 h3c gsc6f\"><div class=\"t m0 x2 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(2,4) </div></div><div class=\"c w110 h8e gsc70\"><div class=\"t m0 x0 hf y2fc ff4 fs3 fc1 sc0 ls0 ws0\">Realizzazione vasc<span class=\"_ _3\"></span>he di laminazione e co<span class=\"_ _3\"></span>ndotte sottomarine a </div><div class=\"t m0 x0 hf y74 ff4 fs3 fc1 sc0 ls0 ws0\">Rimini </div></div><div class=\"c w111 h8e gsc71\"><div class=\"t m0 x4b hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">19,2 </div></div><div class=\"c w112 h8e gsc72\"><div class=\"t m0 x4b hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">18,4 </div></div><div class=\"c w111 h8e gsc73\"><div class=\"t m0 xc6 hf y5e2 ff4 fs3 fc10 sc0 ls0 ws0\">0,8 </div></div><div class=\"c w110 h3c gsc74\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Altri minori </div></div><div class=\"c w111 h3c gsc75\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">52,1 </div></div><div class=\"c w112 h3c gsc76\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">68,1 </div></div><div class=\"c w111 h3c gsc77\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(16,0) </div></div><div class=\"c w110 h90 gsc78\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h90 gsc79\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">300,6 </div></div><div class=\"c w112 h90 gsc7a\"><div class=\"t m0 x99 h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">262,5 </div></div><div class=\"c w111 h90 gsc7b\"><div class=\"t m0 x4b h13 y66 ff2 fs3 fcb sc0 ls0 ws0\">38,1<span class=\"_ _75\"> </span> </div></div><div class=\"c w2 h0 gsc7d\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">I contributi <span class=\"_ _5\"></span>Pnrr, in particolare, accolgono <span class=\"_ _5\"></span>le linee di <span class=\"_ _5\"></span>finanziamen<span class=\"_ _3\"></span>to del <span class=\"_ _5\"></span>Piano nazionale di ripresa e <span class=\"_ _5\"></span>resilienza attivate<span class=\"_ _3\"></span> </div><div class=\"t m0 x1b h3 y173 ff1 fs1 fc1 sc0 ls0 ws0\">per <span class=\"_ _5\"></span>nuovi <span class=\"_ _5\"></span>investimenti. Di <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>sono r<span class=\"_ _5\"></span>iportati <span class=\"_ _5\"></span>i principali <span class=\"_ _5\"></span>interventi per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>sono stati <span class=\"_ _5\"></span>ricevuti <span class=\"_ _5\"></span>contributi nel <span class=\"_ _5\"></span>corso </div><div class=\"t m0 x1b h3 y174 ff5 fs1 fc1 sc0 ls0 ws0\">dell\u2019esercizio 2024:<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h5a y799 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">riduzione <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>idriche <span class=\"_ _6\"></span><span class=\"lse\">ne</span>lle <span class=\"_ _6\"></span>Ato <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>regione <span class=\"_ _6\"></span>Emilia-Ro<span class=\"_ _3\"></span>magna <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>Hera<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>gesto<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizi<span class=\"_ _3\"></span>o </span></span></div><div class=\"t m0 x59 h3 y2a7 ff1 fs1 fc1 sc0 ls0 ws0\">idrico integrato per 15,4 milioni <span class=\"_ _3\"></span>di euro; </div><div class=\"t m0 x1b h5a y79a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ricerca <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>idriche <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _5\"></span></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>rinnovam<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span><span class=\"ff5\">delle <span class=\"_ _7\"></span>reti <span class=\"_ _6\"></span>nell\u2019Ato <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>provincia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Pesaro</span>-Urbino </span></span></div><div class=\"t m0 x59 h3 y79b ff1 fs1 fc1 sc0 ls0 ws0\">per 5,9 milioni di euro; </div><div class=\"t m0 x1b h5a y13e0 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">potenziamento <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>mpianti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>depurazione <span class=\"_ _6\"></span>nei <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>uni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Bologna <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>Raven<span class=\"_ _3\"></span>na <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>interventi <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ulla <span class=\"_ _7\"></span>rete <span class=\"_ _6\"></span>fognari<span class=\"_ _3\"></span>a </span></span></div><div class=\"t m0 x59 h3 ycf1 ff1 fs1 fc1 sc0 ls0 ws0\">nel territorio della <span class=\"_ _3\"></span>provincia di Forl\u00ec per 4,4 milioni di euro; </div><div class=\"t m0 x1b h5a ycf2 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">potenziamento <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>fonte <span class=\"_ _5\"></span>geotermica n<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>omune di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Ferrara <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>estensione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>rete <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>teleriscaldamento <span class=\"_ _5\"></span>nel </span></span></div><div class=\"t m0 x59 h3 y8cd ff1 fs1 fc1 sc0 ls0 ws0\">comune di Forl\u00ec per 3 milioni di<span class=\"_ _3\"></span> euro; </div><div class=\"t m0 x1b h5a yb5c ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">progetto \"Sustainable water managem<span class=\"_ _3\"></span>ent<span class=\"ff5\">\u201d</span> nel<span class=\"ff5\">l\u2019Ato </span>Bacchiglione nella regio<span class=\"_ _3\"></span>ne Veneto per 2,5 milioni <span class=\"_ _3\"></span>di euro. </span></span></div><div class=\"t m0 x1b h3 yd8a ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yd8b ff5 fs1 fc1 sc0 ls0 ws0\">\u201cDepositi <span class=\"_ _10\"> </span>cauzio<span class=\"_ _3\"></span>nali <span class=\"_ _10\"> </span>da <span class=\"_ _4\"> </span>clienti\u201d, <span class=\"_ _10\"> </span>riflettono<span class=\"ff1\"> <span class=\"_ _10\"> </span>quanto <span class=\"_ _10\"> </span>richiesto <span class=\"_ _4\"> </span>ai <span class=\"_ _10\"> </span>clienti <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>relazione <span class=\"_ _10\"> </span>principalmente<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>contratti  d<span class=\"_ _5\"></span>i </span></div><div class=\"t m0 x1b h3 yd8c ff1 fs1 fc1 sc0 ls0 ws0\">somministrazione <span class=\"_ _7\"></span>gas, <span class=\"_ _6\"></span>energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>acqua<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>presen<span class=\"_ _3\"></span>za <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>eterminate <span class=\"_ _6\"></span>condi<span class=\"_ _3\"></span>zioni<span class=\"ls1e\">. <span class=\"_ _6\"></span></span>Il <span class=\"_ _6\"></span>significativo <span class=\"_ _6\"></span>decrem<span class=\"_ _3\"></span>ento </div><div class=\"t m0 x1b h3 yd8d ff5 fs1 fc1 sc0 ls0 ws0\">rispetto <span class=\"_ _6\"></span>all\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _6\"></span>precedente <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>at<span class=\"_ _5\"></span>tribuire <span class=\"_ _6\"></span><span class=\"ff1\">principalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>minori <span class=\"_ _7\"></span>prezzi <span class=\"_ _6\"></span>medi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ommodity <span class=\"_ _7\"></span>evidenziatesi </span></div><div class=\"t m0 x1b h3 yd8e ff5 fs1 fc1 sc0 ls0 ws0\">nel corso dell\u2019esercizio<span class=\"_ _3\"></span> 2024, che hanno determinato una minor<span class=\"_ _3\"></span>e entit\u00e0 dell\u2019ammontare <span class=\"_ _3\"></span>singolarmente richiest<span class=\"_ _3\"></span>o<span class=\"_ _7\"></span><span class=\"ff1\">. </span></div><div class=\"t m0 x1b h3 yd8f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 yd90 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cCassa  per  i<span class=\"_ _3\"></span>  servizi <span class=\"_ _f\"> </span>energetici  e <span class=\"_ _f\"> </span>ambientali  per  com<span class=\"_ _3\"></span>ponenti  e <span class=\"_ _f\"> </span>perequazione\u201d,  rifl<span class=\"_ _3\"></span>ette  le <span class=\"_ _f\"> </span>posizioni  debitorie <span class=\"_ _f\"> </span>nei </div><div class=\"t m0 x1b h3 yd91 ff1 fs1 fc1 sc0 ls0 ws0\">confronti della Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali per alc<span class=\"_ _3\"></span>une componenti di sistema dei s<span class=\"_ _3\"></span>ervizi gas, elettrico e </div><div class=\"t m0 x1b h3 yb08 ff1 fs1 fc1 sc0 ls0 ws0\">idrico <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>134,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(<span class=\"_ _5\"></span>111,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>3<span class=\"lsd\">) <span class=\"_ _6\"></span></span>e <span class=\"_ _e\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>erequazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>di </div><div class=\"t m0 x1b h3 yd92 ff5 fs1 fc1 sc0 ls0 ws0\">vendita <span class=\"_ _7\"></span>dell\u2019energia<span class=\"ff1\"> <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>lettrica <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>2,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span>7,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>023). <span class=\"_ _7\"></span></span>L\u2019incremento <span class=\"_ _6\"></span>ris<span class=\"_ _3\"></span>petto </div><div class=\"t m0 x1b h3 y73b ff1 fs1 fc1 sc0 ls0 ws0\">all<span class=\"ff5\">\u2019esercizio</span> <span class=\"_ _6\"></span>precedente <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>debiti <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>componenti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sistema <span class=\"_ _e\"></span>riflette <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>perdurare <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>effetti, <span class=\"_ _e\"></span>gi\u00e0 <span class=\"_ _6\"></span>evidenziati <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 </div><div class=\"t m0 x1b h3 yd93 ff1 fs1 fc1 sc0 ls0 ws0\">dicembre 2<span class=\"_ _5\"></span>023, <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>al<span class=\"ff5\">l\u2019azzeramento dei <span class=\"_ _5\"></span>decreti <span class=\"_ _5\"></span>introdotti <span class=\"_ _5\"></span>negli esercizi <span class=\"_ _5\"></span>precedenti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>far <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>\u201ccaro <span class=\"_ _5\"></span>bollette\u201d<span class=\"_ _7\"></span></span><span class=\"ls25\">, </span></div><div class=\"t m0 x1b h3 y5f ff1 fs1 fc1 sc0 ls0 ws0\">nonch\u00e9 <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019in<span class=\"_ _3\"></span>cremento <span class=\"_ _6\"></span><span class=\"ff1\">dei <span class=\"_ _7\"></span>volumi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuiti <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>busin<span class=\"_ _3\"></span>ess <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019a<span class=\"_ _3\"></span>umento <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>posizione <span class=\"_ _7\"></span>debitoria <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>specifiche<span class=\"_ _3\"></span> </span></span></span></div><div class=\"t m0 x1b h3 yd94 ff1 fs1 fc1 sc0 ls0 ws0\">componenti relative <span class=\"_ _3\"></span>ai mercati di ultima istan<span class=\"_ _3\"></span>za serviti dal Grupp<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 yb8f ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yb90 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cIva, <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>addizionali\u201d<span class=\"ff1\">, <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>imposta <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>aggiunto <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>16,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _5\"></span>(71,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di </span></div><div class=\"t m0 x1b h3 yb91 ff1 fs1 fc1 sc0 ls0 ws0\">euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>addizionali <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>21,6 <span class=\"_ _5\"></span>milioni d<span class=\"_ _5\"></span>i euro <span class=\"_ _7\"></span>(46,7 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2<span class=\"_ _5\"></span>023). </div><div class=\"t m0 x1b h3 y24a ff1 fs1 fc1 sc0 ls0 ws0\">Come <span class=\"_ _7\"></span>illustrato <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>nota <span class=\"_ _6\"></span>37 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>correnti\u201d,</span> <span class=\"_ _6\"></span>tali <span class=\"_ _5\"></span>variazioni <span class=\"_ _7\"></span>devono <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>lette <span class=\"_ _7\"></span>tenendo <span class=\"_ _7\"></span>presente <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>modalit\u00e0 </div><div class=\"t m0 x1b h3 y24b ff5 fs1 fc1 sc0 ls0 ws0\">che <span class=\"_ _e\"> </span>regolano <span class=\"_ _e\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _e\"> </span>con <span class=\"_ _e\"> </span>l\u2019<span class=\"_ _5\"></span><span class=\"ff1\">Erario, <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>quali <span class=\"_ _d\"> </span>possono <span class=\"_ _e\"> </span>generarsi <span class=\"_ _e\"> </span>posizioni <span class=\"_ _e\"> </span>creditorie <span class=\"_ _d\"> </span>o <span class=\"_ _e\"> </span>debitorie <span class=\"_ _e\"> </span>con </span></div><div class=\"t m0 x1b h3 y24c ff1 fs1 fc1 sc0 ls0 ws0\">differenze anche sig<span class=\"_ _3\"></span>nificative tra un period<span class=\"_ _3\"></span>o e <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019altro.</span> </div><div class=\"t m0 x1b h43 y24d ff5 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>concerne <span class=\"_ _e\"> </span>l\u2019<span class=\"_ _5\"></span>imposta<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>sul <span class=\"_ _e\"> </span>va<span class=\"_ _5\"></span>lore <span class=\"_ _e\"> </span>aggiunto, <span class=\"_ _f\"> </span>il <span class=\"_ _e\"> </span>significativo <span class=\"_ _d\"> </span>decremento <span class=\"_ _e\"> </span>rispetto <span class=\"_ _e\"> </span>all\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _e\"> </span>\u00e8 </div><div class=\"t m0 x1b h3 yb92 ff5 fs1 fc1 sc0 ls0 ws0\">dovuto <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>una <span class=\"_ _7\"></span>parte <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>versamento <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fine <span class=\"_ _7\"></span>periodo <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019acconto, <span class=\"_ _5\"></span>calcolato <span class=\"_ _7\"></span>su <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span><span class=\"ff1\">e <span class=\"_ _7\"></span>storica, <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>37,6 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>e </span></div><div class=\"t m0 x1b h3 yb93 ff5 fs1 fc1 sc0 ls0 ws0\">dall\u2019altra <span class=\"_ _6\"></span>alla <span class=\"_ _6\"> </span>significativa <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>debitoria <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"> </span>dicembre <span class=\"_ _6\"> </span>2023<span class=\"_ _7\"></span><span class=\"ff1\">. <span class=\"_ _e\"></span>Tale <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>derivava <span class=\"_ _e\"></span>dalla </span></div><div class=\"t m0 x1b h3 yb94 ff1 fs1 fc1 sc0 ls0 ws0\">rilevante <span class=\"_ _e\"></span>fatturazione <span class=\"_ _6\"></span><span class=\"ff5\">ef<span class=\"_ _5\"></span>fettuata<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>nell\u2019ultimo<span class=\"ff1\"> <span class=\"_ _e\"></span>trimestre <span class=\"_ _e\"></span>dello <span class=\"_ _e\"></span>scorso <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>nno <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>conclusione <span class=\"_ _e\"></span>degli <span class=\"_ _d\"> </span>interventi <span class=\"_ _6\"></span>rientranti <span class=\"_ _e\"></span>nel </span></span></div><div class=\"t m0 x1b h3 yb95 ff5 fs1 fc1 sc0 ls0 ws0\">superbonus 110%, casist<span class=\"_ _3\"></span>ica non evidenziata<span class=\"_ _3\"></span>si nell\u2019esercizio corren<span class=\"_ _3\"></span>te.  <span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 yb96 ff5 fs1 fc1 sc0 ls0 ws0\">Per quanto concerne accise e addizi<span class=\"_ _3\"></span>onali, il pagamento in acconto nel corso <span class=\"_ _3\"></span>dell\u2019esercizio<span class=\"_ _7\"></span><span class=\"ff1\"> \u00e8 avvenuto, com<span class=\"_ _3\"></span>e previsto </span></div><div class=\"t m0 x1b h43 yb97 ff5 fs1 fc1 sc0 ls0 ws0\">dalla <span class=\"_ _5\"></span>normativa <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>vigore, <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>fatturati <span class=\"_ _5\"></span>nell\u2019anno <span class=\"_ _5\"></span>precedente. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>debito <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>competenza <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>generat<span class=\"_ _3\"></span>o </div><div class=\"t m0 x1b h3 y983 ff5 fs1 fc1 sc0 ls0 ws0\">invece sulla base <span class=\"_ _5\"></span>dei volumi fatturati nell\u2019esercizio 202<span class=\"_ _5\"></span><span class=\"ff1\">4<span class=\"_ _5\"></span><span class=\"ls16\">. </span>Ci\u00f2 ha co<span class=\"_ _5\"></span>mportat<span class=\"_ _3\"></span>o, <span class=\"_ _5\"></span>come riportato anche<span class=\"_ _5\"></span> alla <span class=\"_ _5\"></span>nota 37 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre </span></span></div><div class=\"t m0 x1b h43 yb98 ff5 fs1 fc1 sc0 ls0 ws0\">attivit\u00e0 <span class=\"_ _5\"></span>correnti\u201d, u<span class=\"_ _5\"></span>na pos<span class=\"_ _5\"></span>izione creditoria <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>business <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>metano <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>posizione <span class=\"_ _5\"></span>debitoria per<span class=\"_ _5\"></span> il </div><div class=\"t m0 x1b h3 yb99 ff1 fs1 fc1 sc0 ls0 ws0\">business della vendita <span class=\"_ _3\"></span>di energia elettric<span class=\"_ _3\"></span>a.<span class=\"_ _5\"></span> </div><div class=\"t m0 x1b h3 y5f2 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yb9a ff5 fs1 fc1 sc0 ls0 ws0\">\u201cPersonale e <span class=\"_ _5\"></span>ritenute di<span class=\"_ _5\"></span>pendenti<span class=\"_ _3\"></span>\u201d, <span class=\"_ _7\"></span><span class=\"ff1\">accoglie prevalentemente i <span class=\"_ _5\"></span>compensi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>ferie <span class=\"_ _5\"></span>maturate e non<span class=\"_ _5\"></span> godute<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>il premio </span></div><div class=\"t m0 x1b h3 yb9b ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _5\"></span>produttivit\u00e0 <span class=\"ff5\">e <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>incentivi all<span class=\"_ _5\"></span>\u2019esodo contabilizzati per <span class=\"_ _5\"></span>competenza al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024<span class=\"_ _7\"></span></span>, <span class=\"_ _5\"></span>oltre le <span class=\"_ _5\"></span>ritenute d<span class=\"_ _5\"></span>a versare </div><div class=\"t m0 x1b h3 ya01 ff5 fs1 fc1 sc0 ls0 ws0\">all\u2019Erario in qualit\u00e0<span class=\"_ _3\"></span> di sostituto d\u2019imposta per i<span class=\"_ _3\"></span>l personale dipen<span class=\"_ _3\"></span>dente.<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 yb9c ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yb4b ff5 fs1 fc1 sc0 ls0 ws0\">\u201cDebiti <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>istituti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i p<span class=\"_ _5\"></span>revidenza\u201d,<span class=\"ff1\"> <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>contributi <span class=\"_ _7\"></span>dovuti <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>enti <span class=\"_ _5\"></span>previdenziali<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>relazion<span class=\"lse\">e </span></span></div><div class=\"t m0 x1b h3 ybbf ff1 fs1 fc1 sc0 ls0 ws0\">alle retribuzioni di <span class=\"_ _3\"></span>dicembre, al premio di ri<span class=\"_ _3\"></span>sultato e a<span class=\"_ _5\"></span>lle mensilit\u00e0 aggiu<span class=\"_ _3\"></span>ntive previste dai contratti collettivi <span class=\"_ _3\"></span>nazionali. </div><div class=\"t m0 x1b h3 ybc0 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yb82 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cTitoli di efficienza e<span class=\"_ _3\"></span>nergetica ed emission tradi<span class=\"_ _3\"></span>ng\u201d, comprende l<span class=\"_ _3\"></span>e seguenti fattispecie:<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h3 ybc1 ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsc7e\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsc7f\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsc80\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w113 h3c gsc81\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Certificati bianchi<span class=\"_ _3\"></span> </div></div><div class=\"c w111 h3c gsc82\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">15,1 </div></div><div class=\"c w112 h3c gsc83\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">27,1 </div></div><div class=\"c w111 h3c gsc84\"><div class=\"t m0 x98 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(12,0) </div></div><div class=\"c w113 h3c gsc85\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Certificati garanzie <span class=\"_ _3\"></span>d'origine </div></div><div class=\"c w111 h3c gsc86\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">13,4 </div></div><div class=\"c w112 h3c gsc87\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">12,7 </div></div><div class=\"c w111 h3c gsc88\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">0,7 </div></div><div class=\"c w113 h3c gsc89\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Certificati grigi </div></div><div class=\"c w111 h3c gsc8a\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">5,9 </div></div><div class=\"c w112 h3c gsc8b\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">9,7 </div></div><div class=\"c w111 h3c gsc8c\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(3,8) </div></div><div class=\"c w113 h3c gsc8d\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gsc8e\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">34,4 </div></div><div class=\"c w112 h3c gsc8f\"><div class=\"t m0 x4b h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">49,5 </div></div><div class=\"c w111 h3c gsc90\"><div class=\"t m0 x98 h13 y70 ff2 fs3 fcb sc0 ls0 ws0\">(15,1) </div></div><div class=\"c w2 h0 gsc7d\"><div class=\"t m0 x1b h5a y5fd ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ertificati <span class=\"_ _6\"></span>bianchi <span class=\"_ _6\"></span>comprendono<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">la <span class=\"_ _e\"> </span>valutazione <span class=\"_ _6\"></span>dell\u2019esposizione <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>elativamente<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>agli <span class=\"_ _6\"> </span>obblighi <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>riconsegna <span class=\"_ _6\"></span>nei </span></span></span></div><div class=\"t m0 x59 h3 y5fe ff1 fs1 fc1 sc0 ls0 ws0\">confronti <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>Autorit\u00e0 <span class=\"_ _d\"> </span>competenti <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>titoli <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>efficienza <span class=\"_ _d\"> </span>energetica <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>ancora <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>portafoglio.  La <span class=\"_ _f\"> </span>variazione </div><div class=\"t m0 x59 h3 y1e67 ff1 fs1 fc1 sc0 ls0 ws0\">rispetto al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 202<span class=\"_ _5\"></span>3, <span class=\"_ _5\"></span>in u<span class=\"_ _5\"></span>n contesto <span class=\"_ _5\"></span>che h<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>evidenziato quotazioni d<span class=\"_ _5\"></span>i mercato<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ostanzialmente in <span class=\"_ _5\"></span>linea<span class=\"ls1e\">, </span></div></div><div class=\"c w2 h0 gsc92\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x63 h3 y172 ff1 fs1 fc1 sc0 ls0 ws0\">\u00e8 <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"></span>princip<span class=\"_ _3\"></span>almente <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>minor <span class=\"_ _6\"></span>num<span class=\"_ _3\"></span>ero <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>certificati <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nnullare <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nni <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>quali <span class=\"_ _7\"></span>il </div><div class=\"t m0 x63 h3 y173 ff5 fs1 fc1 sc0 ls0 ws0\">Gruppo non ha ancora c<span class=\"_ _3\"></span>ompletamente adempi<span class=\"_ _3\"></span>uto l\u2019obbligo di co<span class=\"_ _3\"></span>mpetenza assegnato;<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a y2a5 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"ff5\">certificati garanzia d\u2019origine (Go), sostanzialmente in linea con l\u2019eserc<span class=\"_ _3\"></span>izio precedente,<span class=\"_ _5\"></span><span class=\"ff1\"> sono relativi agli obblighi<span class=\"_ _3\"></span> </span></span></span></span></div><div class=\"t m0 x63 h3 y2a6 ff1 fs1 fc1 sc0 ls0 ws0\">di <span class=\"_ _5\"></span>certificazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>energia <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>lettrica prodotta <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>fonti <span class=\"_ _5\"></span>energetiche <span class=\"_ _5\"></span>rinnovabili <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>vendite <span class=\"_ _5\"></span>effettuate <span class=\"_ _5\"></span>nei </div><div class=\"t m0 x63 h3 y2a7 ff1 fs1 fc1 sc0 ls0 ws0\">confronti dei clienti c<span class=\"_ _3\"></span>he prevedono contr<span class=\"_ _3\"></span>attualmente tale tipologi<span class=\"_ _3\"></span>a di approvvigionam<span class=\"_ _3\"></span>ento;<span class=\"_ _7\"></span> </div><div class=\"t m0 x23 h5a y79a ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"_ _f\"> </span>certificati <span class=\"_ _d\"> </span>grigi <span class=\"_ _d\"> </span>riflettono <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>valorizzazione <span class=\"_ _f\"> </span><span class=\"ff5\">sia <span class=\"_ _f\"> </span>dell\u2019obbligo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>riconsegna <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>certificati <span class=\"_ _d\"> </span>calcolato <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>alla </span></span></span></div><div class=\"t m0 x63 h3 y79b ff1 fs1 fc1 sc0 ls0 ws0\">vigente <span class=\"_ _4\"> </span>normativa <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>5<span class=\"_ _5\"></span>,5 <span class=\"_ _4\"> </span>milioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>euro <span class=\"_ _10\"> </span>(8,7  milioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>e<span class=\"_ _5\"></span>uro  al <span class=\"_ _10\"> </span>31  dicembre <span class=\"_ _4\"> </span>202<span class=\"_ _5\"></span>3<span class=\"lsd\">)  </span>sia <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>e<span class=\"ls23\">i <span class=\"_ _4\"> </span></span>contratti <span class=\"_ _10\"> </span>di<span class=\"_ _3\"></span> </div><div class=\"t m0 x63 h3 y79c ff1 fs1 fc1 sc0 ls0 ws0\">compravendita <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>termine <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>q<span class=\"_ _3\"></span>uote <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _f\"> </span>emission<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>gas <span class=\"_ _d\"> </span>serra <span class=\"_ _f\"> </span>pe<span class=\"_ _5\"></span>r <span class=\"_ _f\"> </span>0,4  m<span class=\"_ _3\"></span>ilioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>(1 <span class=\"_ _f\"> </span>milione <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 </div><div class=\"t m0 x63 h3 yb87 ff1 fs1 fc1 sc0 ls0 ws0\">dicembre <span class=\"_ _6\"></span>2023). <span class=\"_ _6\"></span>L<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>variazione <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>precedente <span class=\"_ _6\"></span>esercizio<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>dovuta <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>mi<span class=\"ls10\">no</span>ri <span class=\"_ _6\"></span>obblighi <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>riconsegna <span class=\"_ _6\"></span>per </div><div class=\"t m0 x63 h3 y6c7 ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019esercizio 2024, ai min<span class=\"_ _3\"></span>ori<span class=\"ff1\"> volumi dei contratti a termine e alla flessione <span class=\"ls10\">dei<span class=\"_ _3\"></span><span class=\"ls0\"> prezzi di mercato. </span></span></span></div><div class=\"t m0 x23 h3 y6c8 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y52 ff5 fs1 fc1 sc0 ls0 ws0\">\u201cRicavi  anticipati<span class=\"ff1\">, <span class=\"_ _4\"> </span>rappresentano  principalmente <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>quote  de<span class=\"_ _5\"></span>i  crediti  di <span class=\"_ _4\"> </span>imposta <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>investimenti  in <span class=\"_ _4\"> </span>nuovi  beni </span></div><div class=\"t m0 x23 h3 y6c9 ff1 fs1 fc1 sc0 ls0 ws0\">strumentali di compete<span class=\"_ _3\"></span>nza degli esercizi futuri per 8,8 milioni di euro (10,7 milio<span class=\"_ _3\"></span>ni di euro al 31 di<span class=\"_ _3\"></span>cembre 2023)<span class=\"_ _5\"></span>. </div><div class=\"t m0 x23 h3 y6ca ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h3 y6cb ff5 fs1 fc1 sc0 ls0 ws0\">\u201cAltri debiti\u201d costituiti<span class=\"_ _3\"></span> principalmente dalle s<span class=\"_ _3\"></span>eguenti fattispecie:<span class=\"_ _5\"></span><span class=\"ff1\"> </span></div><div class=\"t m0 x23 h3 y23c ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w111 h3c gsc93\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w112 h3c gsc94\"><div class=\"t m0 xae h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w111 h3c gsc95\"><div class=\"t m0 x99 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">VAR. </div></div><div class=\"c w110 h98 gsc96\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Corrispettivit\u00e0 di m<span class=\"_ _3\"></span>orosit\u00e0 settore elett<span class=\"_ _3\"></span>rico, gas e altri </div></div><div class=\"c w111 h98 gsc97\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">17,1 </div></div><div class=\"c w112 h98 gsc98\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">27,4 </div></div><div class=\"c w111 h98 gsc99\"><div class=\"t m0 x98 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">(10,3) </div></div><div class=\"c w110 h3c gsc9a\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Contributi per disagi <span class=\"_ _3\"></span>ambientali </div></div><div class=\"c w111 h3c gsc9b\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">16,9 </div></div><div class=\"c w112 h3c gsc9c\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">14,1 </div></div><div class=\"c w111 h3c gsc9d\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">2,8 </div></div><div class=\"c w110 h90 gsc9e\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Contributi alluvione </div></div><div class=\"c w111 h90 gsc9f\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">16,5 </div></div><div class=\"c w112 h90 gsca0\"><div class=\"t m0 x4b hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">10,0 </div></div><div class=\"c w111 h90 gsca1\"><div class=\"t m0 xc6 hf y66 ff4 fs3 fc10 sc0 ls0 ws0\">6,5 </div></div><div class=\"c w110 h3c gsca2\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Franchigie assic<span class=\"_ _3\"></span>urative </div></div><div class=\"c w111 h3c gsca3\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">8,1 </div></div><div class=\"c w112 h3c gsca4\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">8,7 </div></div><div class=\"c w111 h3c gsca5\"><div class=\"t m0 x2 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">(0,6) </div></div><div class=\"c w110 h3c gsca6\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altri minori </div></div><div class=\"c w111 h3c gsca7\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">78,9 </div></div><div class=\"c w112 h3c gsca8\"><div class=\"t m0 x4b hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">71,0 </div></div><div class=\"c w111 h3c gsca9\"><div class=\"t m0 xc6 hf y70 ff4 fs3 fc10 sc0 ls0 ws0\">7,9 </div></div><div class=\"c w110 h3c gscaa\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Totale </div></div><div class=\"c w111 h3c gscab\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fc10 sc0 ls0 ws0\">137,5 </div></div><div class=\"c w112 h3c gscac\"><div class=\"t m0 x99 h13 y70 ff2 fs3 fc10 sc0 ls0 ws0\">131,2 </div></div><div class=\"c w111 h3c gscad\"><div class=\"t m0 xc6 h13 y70 ff2 fs3 fc10 sc0 ls0 ws0\">6,3 </div></div><div class=\"c w2 h0 gsc92\"><div class=\"t m0 x23 h3 ycfd ff1 fs1 fc1 sc0 ls0 ws0\">In particolare: </div><div class=\"t m0 x23 h5a y938 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _6\"></span><span class=\"ls0\">corrispettivi <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>morosit\u00e0 <span class=\"_ _6\"></span>set<span class=\"_ _5\"></span>tore <span class=\"_ _e\"></span>elettrico, <span class=\"_ _6\"></span>gas <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>rappresentano <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>importi, <span class=\"_ _6\"></span>addebitati <span class=\"_ _6\"></span>agli </span></span></span></div><div class=\"t m0 x63 h3 y1e6c ff1 fs1 fc1 sc0 ls0 ws0\">utenti <span class=\"_ _6\"></span>finali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>che, <span class=\"_ _7\"></span>prima <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>assagg<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo <span class=\"_ _6\"></span>Hera, <span class=\"_ _7\"></span>siano <span class=\"_ _6\"></span>risultati <span class=\"_ _7\"></span>morosi <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>ultime <span class=\"_ _6\"></span>tr<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>mensilit\u00e0<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>sono </div><div class=\"t m0 x63 h3 y656 ff1 fs1 fc1 sc0 ls0 ws0\">riferibili <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>particolar<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>modo <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>mercati <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>ultima <span class=\"_ _7\"></span>is<span class=\"_ _5\"></span>tanza. <span class=\"_ _6\"></span>Tali <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>mporti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>retroce<span class=\"_ _3\"></span>dere <span class=\"_ _7\"></span>ai<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>precedenti <span class=\"_ _7\"></span>fornitori. </div><div class=\"t m0 x63 h3 y93a ff5 fs1 fc1 sc0 ls0 ws0\">L\u2019indennizzo <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>iene <span class=\"_ _e\"> </span>applicato <span class=\"_ _d\"> </span>solo <span class=\"_ _d\"> </span>ad <span class=\"_ _f\"> </span>alcune <span class=\"_ _e\"> </span>specifiche <span class=\"_ _d\"> </span>categorie <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>utenze, <span class=\"_ _d\"> </span>individuate <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>alla  <span class=\"ff1\">deliber<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>Arera </span></div><div class=\"t m0 x63 h3 y1e3d ff1 fs1 fc1 sc0 ls0 ws0\">593/2017/R <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>dalle <span class=\"_ _d\"> </span>sue <span class=\"_ _d\"> </span>successive <span class=\"_ _d\"> </span>modifiche <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>integrazio<span class=\"_ _3\"></span>ni<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _d\"> </span></span>Il <span class=\"_ _f\"> </span>decremento <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all<span class=\"ff5\">\u2019</span>esercizio <span class=\"_ _d\"> </span>precedente </div><div class=\"t m0 x63 h3 y657 ff5 fs1 fc1 sc0 ls0 ws0\">riflette <span class=\"_ _8\"> </span>l\u2019acquisizi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>un <span class=\"_ _10\"> </span>n<span class=\"_ _5\"></span>uovo <span class=\"_ _8\"> </span>lotto<span class=\"ff1\"> <span class=\"_ _8\"> </span>nel <span class=\"_ _8\"> </span>mercato <span class=\"_ _8\"> </span></span>salvaguardia <span class=\"_ _10\"> </span>avvenuta <span class=\"_ _8\"> </span>nell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>2023, <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>ha<span class=\"_ _3\"></span> </div><div class=\"t m0 x63 h3 y93d ff1 fs1 fc1 sc0 ls0 ws0\">comportato un <span class=\"_ _5\"></span>significativo <span class=\"_ _5\"></span>incremento <span class=\"_ _5\"></span><span class=\"ff5\">dell\u2019esposizione</span> <span class=\"_ _5\"></span>al 3<span class=\"_ _5\"></span>1 d<span class=\"_ _5\"></span>icembre 2023<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>mentre le <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>perimetr<span class=\"_ _3\"></span>o </div><div class=\"t m0 x63 h3 yd31 ff1 fs1 fc1 sc0 ls0 ws0\">sui <span class=\"_ _d\"> </span>mercati <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>ultima <span class=\"_ _d\"> </span>istanza <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>gas <span class=\"_ _e\"> </span>metano <span class=\"_ _f\"> </span><span class=\"ff5\">avvenute <span class=\"_ _e\"> </span>nell\u2019anno <span class=\"_ _e\"> </span>corrente <span class=\"_ _d\"> </span></span>non <span class=\"_ _e\"> </span>hanno <span class=\"_ _d\"> </span>impatti <span class=\"_ _d\"> </span>significativi <span class=\"_ _e\"></span>sul </div><div class=\"t m0 x63 h3 y144e ff1 fs1 fc1 sc0 ls0 ws0\">valore al 31 dicembr<span class=\"_ _3\"></span>e 2024; </div><div class=\"t m0 x23 h5a yece ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _d\"> </span><span class=\"ls0\">contributi <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>isagi <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>mbientali <span class=\"_ _e\"> </span>sono <span class=\"_ _f\"> </span>costituiti <span class=\"_ _e\"> </span>da <span class=\"_ _f\"> </span>importi <span class=\"_ _e\"> </span>da<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>li<span class=\"_ _5\"></span>quidare <span class=\"_ _e\"> </span>ai<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>Comuni <span class=\"_ _d\"> </span>determinati <span class=\"_ _d\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _d\"> </span>di </span></span></span></div><div class=\"t m0 x63 h3 yaf1 ff1 fs1 fc1 sc0 ls0 ws0\">specifiche <span class=\"_ _5\"></span>convenzioni <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>dovuti <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>titolo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>indennizzo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>aventi <span class=\"_ _7\"></span>impatto <span class=\"_ _5\"></span>ambientale <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>relazione </div><div class=\"t m0 x63 h3 yaae ff1 fs1 fc1 sc0 ls0 ws0\">al <span class=\"_ _7\"></span>conferimento <span class=\"_ _5\"></span>rifiuti <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>impianti <span class=\"_ _5\"></span>presenti <span class=\"_ _6\"></span><span class=\"ff5\">sui <span class=\"_ _5\"></span>territori <span class=\"_ _7\"></span>comunali. <span class=\"_ _5\"></span>L\u2019ammontare <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>tali <span class=\"_ _7\"></span>contributi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>correlato <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lle<span class=\"_ _3\"></span> </span></div><div class=\"t m0 x63 h3 y1e6d ff1 fs1 fc1 sc0 ls0 ws0\">quantit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>rifiuti <span class=\"_ _6\"></span>annualmente <span class=\"_ _7\"></span>smaltite <span class=\"_ _6\"></span><span class=\"ff5\">che <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>risultate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>au<span class=\"_ _3\"></span>mento <span class=\"_ _6\"></span>nell\u2019eserciz<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>periodo <span class=\"_ _6\"></span>di </span></div><div class=\"t m0 x63 h3 y105f ff1 fs1 fc1 sc0 ls0 ws0\">confronto; </div><div class=\"t m0 x23 h5a y6a8 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _7\"></span><span class=\"ls0\">contributi <span class=\"_ _7\"></span>alluvione <span class=\"_ _7\"></span>rappresentano <span class=\"_ _7\"></span><span class=\"lse\">un<span class=\"_ _5\"></span></span><span class=\"ff5\">\u2019</span>anticipazione <span class=\"_ _7\"></span>ricevut<span class=\"lse\">a <span class=\"_ _7\"></span></span>dal<span class=\"ff5\">l\u2019Ente</span> <span class=\"_ _6\"></span>C<span class=\"_ _3\"></span>ommissariale <span class=\"_ _7\"></span>Straordinario <span class=\"_ _7\"></span>istituito <span class=\"_ _7\"></span>dal </span></span></span></div><div class=\"t m0 x63 h3 ye67 ff1 fs1 fc1 sc0 ls0 ws0\">Governo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>finanziamento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>lavori <span class=\"_ _6\"></span>ritenuti <span class=\"_ _6\"></span>necessari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span><span class=\"ff5\">dei <span class=\"_ _6\"> </span>danni <span class=\"_ _6\"></span>causati <span class=\"_ _6\"></span>dall\u2019alluvione <span class=\"_ _6\"> </span></span>di <span class=\"_ _e\"></span>maggio </div><div class=\"t m0 x63 h3 y1e6e ff1 fs1 fc1 sc0 ls0 ws0\">2023 <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>Emilia-Romagn<span class=\"_ _3\"></span>a<span class=\"ls16\">. <span class=\"_ _7\"></span></span>Tali <span class=\"_ _6\"></span>contributi, <span class=\"_ _7\"></span>tuttavia, <span class=\"_ _7\"></span>potranno <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>itenuti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>spettanza <span class=\"_ _7\"></span>effettiva <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo, <span class=\"_ _7\"></span>al </div><div class=\"t m0 x63 h3 y1e6f ff1 fs1 fc1 sc0 ls0 ws0\">netto <span class=\"_ _4\"> </span>dei <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>imborsi  assicurativi  r<span class=\"_ _5\"></span>icevuti,  solamente <span class=\"_ _10\"> </span>al  termine <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>percorso  di <span class=\"_ _10\"> </span>pres<span class=\"_ _3\"></span>entazione <span class=\"_ _4\"> </span>delle <span class=\"_ _4\"> </span>istanze<span class=\"_ _7\"></span> </div><div class=\"t m0 x63 h3 y116f ff1 fs1 fc1 sc0 ls0 ws0\">attualmente <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>corso. <span class=\"_ _6\"></span>In <span class=\"_ _7\"></span>tale <span class=\"_ _7\"></span>contesto <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>fortemente <span class=\"_ _7\"></span>incerto, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _7\"></span>rit<span class=\"_ _5\"></span>iene <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019a<span class=\"_ _3\"></span>nticipazione <span class=\"_ _7\"></span><span class=\"ff1\">potrebbe </span></span></div><div class=\"t m0 x63 h3 yfa7 ff1 fs1 fc1 sc0 ls0 ws0\">dover essere <span class=\"_ _5\"></span>restituita <span class=\"_ _5\"></span><span class=\"ff5\">nel corso dell\u2019esercizio 2025<span class=\"_ _5\"></span></span> e<span class=\"_ _5\"></span> pertanto non <span class=\"_ _5\"></span>ricorrono i <span class=\"_ _5\"></span>requisiti di <span class=\"_ _5\"></span>certezza sufficienti per </div><div class=\"t m0 x63 h3 yfa8 ff5 fs1 fc1 sc0 ls0 ws0\">l\u2019iscrizione del contri<span class=\"_ _3\"></span>buto pubblico;<span class=\"ff1\"> </span></div><div class=\"t m0 x23 h5a y1e70 ffa fs12 fc2 sc0 ls0 ws0\">\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le f<span class=\"_ _5\"></span>ranchigie assicurative <span class=\"_ _5\"></span>rappresentano importi che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo deve rimborsare direttamente <span class=\"_ _5\"></span>ai terzi <span class=\"_ _5\"></span>danneggiati </span></span></div><div class=\"t m0 x63 h3 yee7 ff1 fs1 fc1 sc0 ls0 ws0\">o alle compagnie as<span class=\"_ _3\"></span>sicurative. </div><div class=\"t m0 x23 h3 y1e71 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h43 y1e72 ff5 fs1 fc1 sc0 ls0 ws0\">Come <span class=\"_ _6\"></span>esposto <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>paragrafo <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>.02.01 <span class=\"_ _6\"></span>\u201cIntroduzi<span class=\"_ _3\"></span>one\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>introdotte <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>uove <span class=\"_ _6\"></span>righe <span class=\"_ _6\"></span>negli <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>chemi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bilan<span class=\"_ _3\"></span>cio <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>di </div><div class=\"t m0 x23 h3 y14d0 ff1 fs1 fc1 sc0 ls0 ws0\">conseguenza  sono  state  effettuate  alcune <span class=\"_ _10\"> </span>riesposi<span class=\"_ _3\"></span>zioni  rispetto  a <span class=\"_ _4\"> </span>quanto  pubblicato  al  31  d<span class=\"_ _5\"></span>icembre  2023.  In </div><div class=\"t m0 x23 h3 y1e73 ff1 fs1 fc1 sc0 ls0 ws0\">particolare, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _6\"></span>precedente <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>correnti\u201d <span class=\"_ _6\"></span>accoglievano <span class=\"_ _6\"></span>acconti <span class=\"_ _6\"></span>per <span class=\"_ _6\"> </span>lavori <span class=\"_ _e\"> </span>in </span></div><div class=\"t m0 x23 h3 y1e74 ff1 fs1 fc1 sc0 ls0 ws0\">corso <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>risconti <span class=\"_ _5\"></span>passivi <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>ricavi <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>clienti <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>differire <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>esercizi <span class=\"_ _5\"></span>successivi <span class=\"_ _5\"></span>rispettivamente <span class=\"_ _5\"></span>per </div><div class=\"t m0 x23 h3 y1e75 ff1 fs1 fc1 sc0 ls0 ws0\">365,1 milioni di <span class=\"_ _5\"></span>euro e p<span class=\"_ _5\"></span>er 14,4 milioni di <span class=\"_ _5\"></span>euro. Tali fattispecie sono <span class=\"_ _5\"></span>state esposte al 31 <span class=\"_ _5\"></span>dicembre 2024, per <span class=\"_ _5\"></span>entrambi </div><div class=\"t m0 x23 h3 y17fd ff5 fs1 fc1 sc0 ls0 ws0\">i periodi di confronto,<span class=\"_ _3\"></span> nella voce di nuova intr<span class=\"_ _3\"></span>oduzione \u201cPassivit\u00e0 <span class=\"_ _3\"></span>correnti derivanti da cont<span class=\"_ _3\"></span>ratti con i clienti\u201d<span class=\"_ _5\"></span><span class=\"ff1\">. </span></div><div class=\"t m0 x23 h3 y1e76 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y3cd ff1 fs0 fc0 sc0 ls0 ws0\"> <span class=\"_ _b\"> </span><span class=\"fs1 fc1\"> </span></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "38  <span class=\"ls0\">Altre passiv<span class=\"_ _3\"></span>it\u00e0 correnti </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Debiti per anticipi v<span class=\"_ _3\"></span>erso Cassa per i <span class=\"_ _3\"></span>servizi energetici e ambi<span class=\"_ _3\"></span>entali 510,4 422,8 87,6 Contributi in conto im<span class=\"_ _3\"></span>pianti 300,6 262,5 38,1 Depositi cauzionali <span class=\"_ _3\"></span>da clienti 160,0 199,9 (39,9) Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali<span class=\"_ _3\"></span> per componenti e perequazione 137,3 119,0 18,3 Iva, accise e addizi<span class=\"_ _3\"></span>onali 38,4 118,4 (80,0) Personale e ritenut<span class=\"_ _3\"></span>e a dipendenti 97,2 89,8 7,4 Debiti verso istituti <span class=\"_ _3\"></span>di previdenza 83,5 78,9 4,6 Passivit\u00e0 per titoli <span class=\"_ _3\"></span>di efficienza ener<span class=\"_ _3\"></span>getica ed emission tra<span class=\"_ _3\"></span>ding 34,4 49,5 (15,1) Ricavi anticipati 13,5 15,3 (1,8) Altri debiti 137,5 131,2 6,3 Totale 1.512,8 1.487,3 25,5 \u201cDebiti per ant<span class=\"_ _5\"></span>icipi verso Cassa per i servizi energetici e ambientali\u201d, costituiti da anticipazioni non onerose concesse dalla Cassa per <span class=\"_ _5\"></span>i servizi energetici e ambientali<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ulla base di norme di <span class=\"_ _5\"></span>legge e delibere <span class=\"_ _5\"></span>Arera che si sono s<span class=\"_ _5\"></span>usseguite<span class=\"_ _3\"></span> negli anni, per le seguenti princi<span class=\"_ _3\"></span>pali fattispecie: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">258,5 milioni di euro (<span class=\"_ _5\"></span>236,7 milioni di euro al 31 d<span class=\"_ _5\"></span>icembre 2023) in ottemperanza al meccanismo di integrazione </span></span>previsto a <span class=\"_ _5\"></span>fronte di <span class=\"_ _5\"></span>crediti scaduti e <span class=\"_ _5\"></span>non riscossi <span class=\"_ _5\"></span>vantati nei confronti <span class=\"_ _5\"></span>dei clienti <span class=\"_ _5\"></span>gestiti in re<span class=\"_ _5\"></span>gime di <span class=\"_ _7\"></span>Salvaguardia. Le ultime rendiconta<span class=\"_ _3\"></span>zioni riguardano <span class=\"ff5\">l\u2019anno</span> 2022; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">204,9 <span class=\"_ _8\"> </span>milioni <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>(153,3 <span class=\"_ _8\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _10\"> </span>euro <span class=\"_ _8\"> </span>al <span class=\"_ _8\"> </span>31 <span class=\"_ _8\"> </span>dicembre <span class=\"_ _10\"> </span>2023<span class=\"ls13\">) <span class=\"_ _2\"> </span></span>in <span class=\"_ _8\"> </span>ottempera<span class=\"_ _3\"></span>nza <span class=\"_ _8\"> </span>ai <span class=\"_ _10\"> </span>me<span class=\"_ _5\"></span>ccanismi <span class=\"_ _10\"> </span>di </span></span>reintegrazione previsti a fronte degli oneri della morosit\u00e0 dei servizi di ult<span class=\"_ _5\"></span>ima istanza nel settore del gas naturale (Fui, Ftd e Fdd), soste<span class=\"_ _3\"></span>nuti fino a<span class=\"ff5\">ll\u2019anno termico</span> 2022-<span class=\"ls10\">20</span>23;<span class=\"_ _3\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">19,8 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(5 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>l <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2023) <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>ottemperanza <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>meccanismo<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>integrazione </span></span>previsto <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>fronte <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>rediti <span class=\"_ _e\"></span>scaduti <span class=\"_ _e\"></span>e <span class=\"_ _d\"> </span>non <span class=\"_ _e\"></span>riscossi<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>vantati <span class=\"_ _e\"> </span>nei <span class=\"_ _d\"> </span>confronti <span class=\"_ _e\"> </span>dei <span class=\"_ _d\"> </span>clienti <span class=\"_ _e\"> </span>gestiti <span class=\"_ _d\"> </span>nel <span class=\"_ _d\"> </span>servizio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>tutele graduali <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>piccole <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>connesse <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>bassa <span class=\"_ _6\"></span>tensione <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>trovano <span class=\"_ _6\"></span>senza <span class=\"_ _7\"></span>un <span class=\"_ _6\"></span>contratto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>condizioni <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> libero mercato; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">12,6 <span class=\"_ _f\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>uro <span class=\"_ _f\"> </span>(<span class=\"lse\">14</span> <span class=\"_ _f\"> </span>milioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>al <span class=\"_ _d\"> </span>31 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _d\"> </span>202<span class=\"_ _5\"></span>3) <span class=\"_ _d\"> </span>in<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>ottemperanza <span class=\"_ _f\"> </span><span class=\"ls10\">al</span>le <span class=\"_ _d\"> </span>modalit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>accesso <span class=\"_ _f\"> </span>al </span></span>meccanismo <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>reintegrazione <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>oneri <span class=\"_ _e\"></span>generali <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>si<span class=\"_ _5\"></span>stema <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>incassati <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>clienti <span class=\"_ _e\"></span>finali <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gi\u00e0 <span class=\"_ _e\"></span>versati <span class=\"_ _e\"></span>alle societ\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _e\"></span>per <span class=\"_ _d\"> </span>gli <span class=\"_ _e\"> </span>anni <span class=\"_ _d\"> </span>201<span class=\"_ _5\"></span>6-2023. <span class=\"_ _e\"> </span>I<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>perimetro <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>circoscritto <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>lla <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>energia <span class=\"_ _e\"></span>elettrica <span class=\"_ _d\"> </span>in regime <span class=\"_ _c\"> </span>di <span class=\"_ _22\"> </span>mercato <span class=\"_ _c\"> </span>libero, <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>me<span class=\"_ _5\"></span>rcato <span class=\"_ _c\"> </span>Salvaguardia <span class=\"_ _c\"> </span>(disalimentabile) <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>al <span class=\"_ _22\"> </span>servizio <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>tu<span class=\"_ _5\"></span>tele <span class=\"_ _c\"> </span>graduali (disalimentabile); \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">11 <span class=\"_ _d\"> </span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _d\"> </span>euro <span class=\"_ _d\"> </span>in <span class=\"_ _e\"></span>ottemperanza <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>meccanismo <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>h<span class=\"_ _5\"></span>a <span class=\"_ _e\"> </span>istituito <span class=\"_ _e\"> </span>una <span class=\"_ _d\"> </span>perequazione <span class=\"_ _e\"></span>dei <span class=\"_ _e\"> </span>r<span class=\"_ _5\"></span>icavi, <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>di </span></span>rendicontazione <span class=\"_ _d\"> </span>effettuata <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>gennaio <span class=\"_ _d\"> </span>2023, <span class=\"_ _d\"> </span>volta <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>compensare <span class=\"_ _e\"> </span>par<span class=\"_ _5\"></span>te <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>costi <span class=\"_ _d\"> </span>non <span class=\"_ _f\"> </span>prevedibili,<span class=\"_ _3\"></span> sostenuti <span class=\"_ _5\"></span>nelle <span class=\"_ _5\"></span>forniture sui <span class=\"_ _5\"></span>mercati <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>ultima <span class=\"_ _5\"></span>istanza <span class=\"_ _5\"></span><span class=\"ff5\">default <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Fui, <span class=\"_ _5\"></span>specie <span class=\"_ _5\"></span>per e<span class=\"_ _5\"></span>ffetto <span class=\"_ _5\"></span>dell\u2019ingres<span class=\"_ _3\"></span>so <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>numero </span>maggiore di clienti ri<span class=\"_ _3\"></span>spetto alle previsioni. \u201cContributi  in  conto <span class=\"_ _4\"> </span>impianti\u201d,  si  decrementano  proporzionalmente  alle  quote  di  ammortamento  calcolate<span class=\"_ _5\"></span><span class=\"ff1\"> <span class=\"_ _4\"> </span>sulle </span>immobilizzazioni di rife<span class=\"_ _3\"></span>rimento e si increm<span class=\"_ _3\"></span>entano per effetto de<span class=\"_ _5\"></span>gli incassi d<span class=\"_ _3\"></span>ei contributi pubblici. La voce comprende<span class=\"_ _3\"></span>: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Fondo nuovi investim<span class=\"_ _3\"></span>enti per il sistema idr<span class=\"_ _3\"></span>ico 104,9 102,6 2,3 Depurazione e r<span class=\"_ _3\"></span>eti fognarie 54,5 40,7 13,8 Contributi Pnrr 41,6 2,0 39,6 Depuratore di Serv<span class=\"_ _3\"></span>ola (Trieste) 28,3 30,7 (2,4) Realizzazione vasc<span class=\"_ _3\"></span>he di laminazione e co<span class=\"_ _3\"></span>ndotte sottomarine a Rimini 19,2 18,4 0,8 Altri minori 52,1 68,1 (16,0) Totale 300,6 262,5 38,1<span class=\"_ _75\"> </span>I contributi <span class=\"_ _5\"></span>Pnrr, in particolare, accolgono <span class=\"_ _5\"></span>le linee di <span class=\"_ _5\"></span>finanziamen<span class=\"_ _3\"></span>to del <span class=\"_ _5\"></span>Piano nazionale di ripresa e <span class=\"_ _5\"></span>resilienza attivate<span class=\"_ _3\"></span> per <span class=\"_ _5\"></span>nuovi <span class=\"_ _5\"></span>investimenti. Di <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>sono r<span class=\"_ _5\"></span>iportati <span class=\"_ _5\"></span>i principali <span class=\"_ _5\"></span>interventi per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>sono stati <span class=\"_ _5\"></span>ricevuti <span class=\"_ _5\"></span>contributi nel <span class=\"_ _5\"></span>corso dell\u2019esercizio 2024:<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">riduzione <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>idriche <span class=\"_ _6\"></span><span class=\"lse\">ne</span>lle <span class=\"_ _6\"></span>Ato <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>regione <span class=\"_ _6\"></span>Emilia-Ro<span class=\"_ _3\"></span>magna <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>Hera<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Spa <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>gesto<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizi<span class=\"_ _3\"></span>o </span></span>idrico integrato per 15,4 milioni <span class=\"_ _3\"></span>di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ricerca <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>perdite <span class=\"_ _6\"></span>idriche <span class=\"_ _6\"></span><span class=\"ls10\">e <span class=\"_ _5\"></span></span>i<span class=\"_ _5\"></span>nterventi <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>rinnovam<span class=\"_ _3\"></span>ento <span class=\"_ _6\"></span><span class=\"ff5\">delle <span class=\"_ _7\"></span>reti <span class=\"_ _6\"></span>nell\u2019Ato <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>provincia <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Pesaro</span>-Urbino </span></span>per 5,9 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">potenziamento <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>mpianti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>depurazione <span class=\"_ _6\"></span>nei <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>uni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>Bologna <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>Raven<span class=\"_ _3\"></span>na <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>interventi <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ulla <span class=\"_ _7\"></span>rete <span class=\"_ _6\"></span>fognari<span class=\"_ _3\"></span>a </span></span>nel territorio della <span class=\"_ _3\"></span>provincia di Forl\u00ec per 4,4 milioni di euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">potenziamento <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>fonte <span class=\"_ _5\"></span>geotermica n<span class=\"_ _5\"></span>el c<span class=\"_ _5\"></span>omune di<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>Ferrara <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>estensione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>rete <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>teleriscaldamento <span class=\"_ _5\"></span>nel </span></span>comune di Forl\u00ec per 3 milioni di<span class=\"_ _3\"></span> euro; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">progetto \"Sustainable water managem<span class=\"_ _3\"></span>ent<span class=\"ff5\">\u201d</span> nel<span class=\"ff5\">l\u2019Ato </span>Bacchiglione nella regio<span class=\"_ _3\"></span>ne Veneto per 2,5 milioni <span class=\"_ _3\"></span>di euro. </span></span>\u201cDepositi <span class=\"_ _10\"> </span>cauzio<span class=\"_ _3\"></span>nali <span class=\"_ _10\"> </span>da <span class=\"_ _4\"> </span>clienti\u201d, <span class=\"_ _10\"> </span>riflettono<span class=\"ff1\"> <span class=\"_ _10\"> </span>quanto <span class=\"_ _10\"> </span>richiesto <span class=\"_ _4\"> </span>ai <span class=\"_ _10\"> </span>clienti <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>relazione <span class=\"_ _10\"> </span>principalmente<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>contratti  d<span class=\"_ _5\"></span>i </span>somministrazione <span class=\"_ _7\"></span>gas, <span class=\"_ _6\"></span>energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>acqua<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>presen<span class=\"_ _3\"></span>za <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>eterminate <span class=\"_ _6\"></span>condi<span class=\"_ _3\"></span>zioni<span class=\"ls1e\">. <span class=\"_ _6\"></span></span>Il <span class=\"_ _6\"></span>significativo <span class=\"_ _6\"></span>decrem<span class=\"_ _3\"></span>ento rispetto <span class=\"_ _6\"></span>all\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _6\"></span>precedente <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>at<span class=\"_ _5\"></span>tribuire <span class=\"_ _6\"></span><span class=\"ff1\">principalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>minori <span class=\"_ _7\"></span>prezzi <span class=\"_ _6\"></span>medi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ommodity <span class=\"_ _7\"></span>evidenziatesi </span>nel corso dell\u2019esercizio<span class=\"_ _3\"></span> 2024, che hanno determinato una minor<span class=\"_ _3\"></span>e entit\u00e0 dell\u2019ammontare <span class=\"_ _3\"></span>singolarmente richiest<span class=\"_ _3\"></span>o<span class=\"_ _7\"></span><span class=\"ff1\">. </span>\u201cCassa  per  i<span class=\"_ _3\"></span>  servizi <span class=\"_ _f\"> </span>energetici  e <span class=\"_ _f\"> </span>ambientali  per  com<span class=\"_ _3\"></span>ponenti  e <span class=\"_ _f\"> </span>perequazione\u201d,  rifl<span class=\"_ _3\"></span>ette  le <span class=\"_ _f\"> </span>posizioni  debitorie <span class=\"_ _f\"> </span>nei confronti della Cassa per i servizi <span class=\"_ _3\"></span>energetici e ambientali per alc<span class=\"_ _3\"></span>une componenti di sistema dei s<span class=\"_ _3\"></span>ervizi gas, elettrico e idrico <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>134,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>(<span class=\"_ _5\"></span>111,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>euro <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>3<span class=\"_ _5\"></span>1 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _5\"></span>3<span class=\"lsd\">) <span class=\"_ _6\"></span></span>e <span class=\"_ _e\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>erequazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>servizio<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>di vendita <span class=\"_ _7\"></span>dell\u2019energia<span class=\"ff1\"> <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>lettrica <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>2,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span>7,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>euro <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>023). <span class=\"_ _7\"></span></span>L\u2019incremento <span class=\"_ _6\"></span>ris<span class=\"_ _3\"></span>petto all<span class=\"ff5\">\u2019esercizio</span> <span class=\"_ _6\"></span>precedente <span class=\"_ _6\"></span>dei <span class=\"_ _e\"></span>debiti <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>componenti <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sistema <span class=\"_ _e\"></span>riflette <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>perdurare <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>effetti, <span class=\"_ _e\"></span>gi\u00e0 <span class=\"_ _6\"></span>evidenziati <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 dicembre 2<span class=\"_ _5\"></span>023, <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>al<span class=\"ff5\">l\u2019azzeramento dei <span class=\"_ _5\"></span>decreti <span class=\"_ _5\"></span>introdotti <span class=\"_ _5\"></span>negli esercizi <span class=\"_ _5\"></span>precedenti <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>far <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>\u201ccaro <span class=\"_ _5\"></span>bollette\u201d<span class=\"_ _7\"></span></span><span class=\"ls25\">, </span>nonch\u00e9 <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019in<span class=\"_ _3\"></span>cremento <span class=\"_ _6\"></span><span class=\"ff1\">dei <span class=\"_ _7\"></span>volumi <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuiti <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>busin<span class=\"_ _3\"></span>ess <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>gas <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019a<span class=\"_ _3\"></span>umento <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>posizione <span class=\"_ _7\"></span>debitoria <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>specifiche<span class=\"_ _3\"></span> </span></span></span>componenti relative <span class=\"_ _3\"></span>ai mercati di ultima istan<span class=\"_ _3\"></span>za serviti dal Grupp<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> \u201cIva, <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>addizionali\u201d<span class=\"ff1\">, <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>imposta <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>aggiunto <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>16,8 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>uro <span class=\"_ _5\"></span>(71,7 <span class=\"_ _7\"></span>milioni <span class=\"_ _5\"></span>di </span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2023) <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>accise <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>addizionali <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>21,6 <span class=\"_ _5\"></span>milioni d<span class=\"_ _5\"></span>i euro <span class=\"_ _7\"></span>(46,7 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2<span class=\"_ _5\"></span>023). Come <span class=\"_ _7\"></span>illustrato <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>nota <span class=\"_ _6\"></span>37 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>correnti\u201d,</span> <span class=\"_ _6\"></span>tali <span class=\"_ _5\"></span>variazioni <span class=\"_ _7\"></span>devono <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>lette <span class=\"_ _7\"></span>tenendo <span class=\"_ _7\"></span>presente <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>modalit\u00e0 che <span class=\"_ _e\"> </span>regolano <span class=\"_ _e\"> </span>i <span class=\"_ _d\"> </span>rapporti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _e\"> </span>con <span class=\"_ _e\"> </span>l\u2019<span class=\"_ _5\"></span><span class=\"ff1\">Erario, <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _e\"> </span>quali <span class=\"_ _d\"> </span>possono <span class=\"_ _e\"> </span>generarsi <span class=\"_ _e\"> </span>posizioni <span class=\"_ _e\"> </span>creditorie <span class=\"_ _d\"> </span>o <span class=\"_ _e\"> </span>debitorie <span class=\"_ _e\"> </span>con </span>differenze anche sig<span class=\"_ _3\"></span>nificative tra un period<span class=\"_ _3\"></span>o e <span class=\"_ _5\"></span><span class=\"ff5\">l\u2019altro.</span> Per <span class=\"_ _d\"> </span>quanto <span class=\"_ _e\"> </span>concerne <span class=\"_ _e\"> </span>l\u2019<span class=\"_ _5\"></span>imposta<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>sul <span class=\"_ _e\"> </span>va<span class=\"_ _5\"></span>lore <span class=\"_ _e\"> </span>aggiunto, <span class=\"_ _f\"> </span>il <span class=\"_ _e\"> </span>significativo <span class=\"_ _d\"> </span>decremento <span class=\"_ _e\"> </span>rispetto <span class=\"_ _e\"> </span>all\u2019esercizio <span class=\"_ _d\"> </span>precedente <span class=\"_ _e\"> </span>\u00e8 dovuto <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>una <span class=\"_ _7\"></span>parte <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>versamento <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fine <span class=\"_ _7\"></span>periodo <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>ll\u2019acconto, <span class=\"_ _5\"></span>calcolato <span class=\"_ _7\"></span>su <span class=\"_ _5\"></span>b<span class=\"_ _5\"></span>as<span class=\"_ _5\"></span><span class=\"ff1\">e <span class=\"_ _7\"></span>storica, <span class=\"_ _7\"></span>per <span class=\"_ _5\"></span>37,6 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>euro <span class=\"_ _5\"></span>e </span>dall\u2019altra <span class=\"_ _6\"></span>alla <span class=\"_ _6\"> </span>significativa <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>debitoria <span class=\"_ _6\"></span>del <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"> </span>dicembre <span class=\"_ _6\"> </span>2023<span class=\"_ _7\"></span><span class=\"ff1\">. <span class=\"_ _e\"></span>Tale <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>derivava <span class=\"_ _e\"></span>dalla </span>rilevante <span class=\"_ _e\"></span>fatturazione <span class=\"_ _6\"></span><span class=\"ff5\">ef<span class=\"_ _5\"></span>fettuata<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>nell\u2019ultimo<span class=\"ff1\"> <span class=\"_ _e\"></span>trimestre <span class=\"_ _e\"></span>dello <span class=\"_ _e\"></span>scorso <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>nno <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>conclusione <span class=\"_ _e\"></span>degli <span class=\"_ _d\"> </span>interventi <span class=\"_ _6\"></span>rientranti <span class=\"_ _e\"></span>nel </span></span>superbonus 110%, casist<span class=\"_ _3\"></span>ica non evidenziata<span class=\"_ _3\"></span>si nell\u2019esercizio corren<span class=\"_ _3\"></span>te.  <span class=\"_ _5\"></span><span class=\"ff1\"> </span>Per quanto concerne accise e addizi<span class=\"_ _3\"></span>onali, il pagamento in acconto nel corso <span class=\"_ _3\"></span>dell\u2019esercizio<span class=\"_ _7\"></span><span class=\"ff1\"> \u00e8 avvenuto, com<span class=\"_ _3\"></span>e previsto </span>dalla <span class=\"_ _5\"></span>normativa <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>vigore, <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>dei <span class=\"_ _5\"></span>volumi <span class=\"_ _5\"></span>fatturati <span class=\"_ _5\"></span>nell\u2019anno <span class=\"_ _5\"></span>precedente. <span class=\"_ _5\"></span>Il <span class=\"_ _7\"></span>debito <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>competenza <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>generat<span class=\"_ _3\"></span>o invece sulla base <span class=\"_ _5\"></span>dei volumi fatturati nell\u2019esercizio 202<span class=\"_ _5\"></span><span class=\"ff1\">4<span class=\"_ _5\"></span><span class=\"ls16\">. </span>Ci\u00f2 ha co<span class=\"_ _5\"></span>mportat<span class=\"_ _3\"></span>o, <span class=\"_ _5\"></span>come riportato anche<span class=\"_ _5\"></span> alla <span class=\"_ _5\"></span>nota 37 <span class=\"_ _5\"></span><span class=\"ff5\">\u201cAltre </span></span>attivit\u00e0 <span class=\"_ _5\"></span>correnti\u201d, u<span class=\"_ _5\"></span>na pos<span class=\"_ _5\"></span>izione creditoria <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>business <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _5\"></span>metano <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>posizione <span class=\"_ _5\"></span>debitoria per<span class=\"_ _5\"></span> il business della vendita <span class=\"_ _3\"></span>di energia elettric<span class=\"_ _3\"></span>a.<span class=\"_ _5\"></span> \u201cPersonale e <span class=\"_ _5\"></span>ritenute di<span class=\"_ _5\"></span>pendenti<span class=\"_ _3\"></span>\u201d, <span class=\"_ _7\"></span><span class=\"ff1\">accoglie prevalentemente i <span class=\"_ _5\"></span>compensi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>ferie <span class=\"_ _5\"></span>maturate e non<span class=\"_ _5\"></span> godute<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>il premio </span>di <span class=\"_ _5\"></span>produttivit\u00e0 <span class=\"ff5\">e <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>incentivi all<span class=\"_ _5\"></span>\u2019esodo contabilizzati per <span class=\"_ _5\"></span>competenza al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024<span class=\"_ _7\"></span></span>, <span class=\"_ _5\"></span>oltre le <span class=\"_ _5\"></span>ritenute d<span class=\"_ _5\"></span>a versare all\u2019Erario in qualit\u00e0<span class=\"_ _3\"></span> di sostituto d\u2019imposta per i<span class=\"_ _3\"></span>l personale dipen<span class=\"_ _3\"></span>dente.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u201cDebiti <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>istituti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i p<span class=\"_ _5\"></span>revidenza\u201d,<span class=\"ff1\"> <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>principalmente <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>contributi <span class=\"_ _7\"></span>dovuti <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>enti <span class=\"_ _5\"></span>previdenziali<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>relazion<span class=\"lse\">e </span></span>alle retribuzioni di <span class=\"_ _3\"></span>dicembre, al premio di ri<span class=\"_ _3\"></span>sultato e a<span class=\"_ _5\"></span>lle mensilit\u00e0 aggiu<span class=\"_ _3\"></span>ntive previste dai contratti collettivi <span class=\"_ _3\"></span>nazionali. \u201cTitoli di efficienza e<span class=\"_ _3\"></span>nergetica ed emission tradi<span class=\"_ _3\"></span>ng\u201d, comprende l<span class=\"_ _3\"></span>e seguenti fattispecie:<span class=\"ff1\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Certificati bianchi<span class=\"_ _3\"></span> 15,1 27,1 (12,0) Certificati garanzie <span class=\"_ _3\"></span>d'origine 13,4 12,7 0,7 Certificati grigi 5,9 9,7 (3,8) Totale 34,4 49,5 (15,1) \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>ertificati <span class=\"_ _6\"></span>bianchi <span class=\"_ _6\"></span>comprendono<span class=\"_ _5\"></span> <span class=\"_ _6\"></span><span class=\"ff5\">la <span class=\"_ _e\"> </span>valutazione <span class=\"_ _6\"></span>dell\u2019esposizione <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>elativamente<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>agli <span class=\"_ _6\"> </span>obblighi <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>riconsegna <span class=\"_ _6\"></span>nei </span></span></span>confronti <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>Autorit\u00e0 <span class=\"_ _d\"> </span>competenti <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>titoli <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>efficienza <span class=\"_ _d\"> </span>energetica <span class=\"_ _f\"> </span>non <span class=\"_ _d\"> </span>ancora <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>portafoglio.  La <span class=\"_ _f\"> </span>variazione rispetto al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 202<span class=\"_ _5\"></span>3, <span class=\"_ _5\"></span>in u<span class=\"_ _5\"></span>n contesto <span class=\"_ _5\"></span>che h<span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>evidenziato quotazioni d<span class=\"_ _5\"></span>i mercato<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ostanzialmente in <span class=\"_ _5\"></span>linea<span class=\"ls1e\">, </span>\u00e8 <span class=\"_ _7\"></span>dovuta <span class=\"_ _6\"></span>princip<span class=\"_ _3\"></span>almente <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>minor <span class=\"_ _6\"></span>num<span class=\"_ _3\"></span>ero <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>certificati <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nnullare <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nni <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>quali <span class=\"_ _7\"></span>il Gruppo non ha ancora c<span class=\"_ _3\"></span>ompletamente adempi<span class=\"_ _3\"></span>uto l\u2019obbligo di co<span class=\"_ _3\"></span>mpetenza assegnato;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"ff5\">certificati garanzia d\u2019origine (Go), sostanzialmente in linea con l\u2019eserc<span class=\"_ _3\"></span>izio precedente,<span class=\"_ _5\"></span><span class=\"ff1\"> sono relativi agli obblighi<span class=\"_ _3\"></span> </span></span></span></span>di <span class=\"_ _5\"></span>certificazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>energia <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>lettrica prodotta <span class=\"_ _7\"></span>da <span class=\"_ _5\"></span>fonti <span class=\"_ _5\"></span>energetiche <span class=\"_ _5\"></span>rinnovabili <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>vendite <span class=\"_ _5\"></span>effettuate <span class=\"_ _5\"></span>nei confronti dei clienti c<span class=\"_ _3\"></span>he prevedono contr<span class=\"_ _3\"></span>attualmente tale tipologi<span class=\"_ _3\"></span>a di approvvigionam<span class=\"_ _3\"></span>ento;<span class=\"_ _7\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">I <span class=\"_ _f\"> </span>certificati <span class=\"_ _d\"> </span>grigi <span class=\"_ _d\"> </span>riflettono <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>valorizzazione <span class=\"_ _f\"> </span><span class=\"ff5\">sia <span class=\"_ _f\"> </span>dell\u2019obbligo <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>riconsegna <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>certificati <span class=\"_ _d\"> </span>calcolato <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>alla </span></span></span>vigente <span class=\"_ _4\"> </span>normativa <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>5<span class=\"_ _5\"></span>,5 <span class=\"_ _4\"> </span>milioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>euro <span class=\"_ _10\"> </span>(8,7  milioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>e<span class=\"_ _5\"></span>uro  al <span class=\"_ _10\"> </span>31  dicembre <span class=\"_ _4\"> </span>202<span class=\"_ _5\"></span>3<span class=\"lsd\">)  </span>sia <span class=\"_ _4\"> </span>d<span class=\"_ _5\"></span>e<span class=\"ls23\">i <span class=\"_ _4\"> </span></span>contratti <span class=\"_ _10\"> </span>di<span class=\"_ _3\"></span> compravendita <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>termine <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>q<span class=\"_ _3\"></span>uote <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _f\"> </span>emission<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>gas <span class=\"_ _d\"> </span>serra <span class=\"_ _f\"> </span>pe<span class=\"_ _5\"></span>r <span class=\"_ _f\"> </span>0,4  m<span class=\"_ _3\"></span>ilioni <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>(1 <span class=\"_ _f\"> </span>milione <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>euro <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>31 dicembre <span class=\"_ _6\"></span>2023). <span class=\"_ _6\"></span>L<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>variazione <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>precedente <span class=\"_ _6\"></span>esercizio<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>dovuta <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>mi<span class=\"ls10\">no</span>ri <span class=\"_ _6\"></span>obblighi <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>riconsegna <span class=\"_ _6\"></span>per l\u2019esercizio 2024, ai min<span class=\"_ _3\"></span>ori<span class=\"ff1\"> volumi dei contratti a termine e alla flessione <span class=\"ls10\">dei<span class=\"_ _3\"></span><span class=\"ls0\"> prezzi di mercato. </span></span></span>\u201cRicavi  anticipati<span class=\"ff1\">, <span class=\"_ _4\"> </span>rappresentano  principalmente <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>quote  de<span class=\"_ _5\"></span>i  crediti  di <span class=\"_ _4\"> </span>imposta <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>investimenti  in <span class=\"_ _4\"> </span>nuovi  beni </span>strumentali di compete<span class=\"_ _3\"></span>nza degli esercizi futuri per 8,8 milioni di euro (10,7 milio<span class=\"_ _3\"></span>ni di euro al 31 di<span class=\"_ _3\"></span>cembre 2023)<span class=\"_ _5\"></span>. \u201cAltri debiti\u201d costituiti<span class=\"_ _3\"></span> principalmente dalle s<span class=\"_ _3\"></span>eguenti fattispecie:<span class=\"_ _5\"></span><span class=\"ff1\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>VAR. Corrispettivit\u00e0 di m<span class=\"_ _3\"></span>orosit\u00e0 settore elett<span class=\"_ _3\"></span>rico, gas e altri 17,1 27,4 (10,3) Contributi per disagi <span class=\"_ _3\"></span>ambientali 16,9 14,1 2,8 Contributi alluvione 16,5 10,0 6,5 Franchigie assic<span class=\"_ _3\"></span>urative 8,1 8,7 (0,6) Altri minori 78,9 71,0 7,9 Totale 137,5 131,2 6,3 In particolare: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _6\"></span><span class=\"ls0\">corrispettivi <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>morosit\u00e0 <span class=\"_ _6\"></span>set<span class=\"_ _5\"></span>tore <span class=\"_ _e\"></span>elettrico, <span class=\"_ _6\"></span>gas <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>rappresentano <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>importi, <span class=\"_ _6\"></span>addebitati <span class=\"_ _6\"></span>agli </span></span></span>utenti <span class=\"_ _6\"></span>finali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>che, <span class=\"_ _7\"></span>prima <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>assagg<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo <span class=\"_ _6\"></span>Hera, <span class=\"_ _7\"></span>siano <span class=\"_ _6\"></span>risultati <span class=\"_ _7\"></span>morosi <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>ultime <span class=\"_ _6\"></span>tr<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>mensilit\u00e0<span class=\"_ _7\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>sono riferibili <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>particolar<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>modo <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>mercati <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>ultima <span class=\"_ _7\"></span>is<span class=\"_ _5\"></span>tanza. <span class=\"_ _6\"></span>Tali <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>mporti <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ono <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>retroce<span class=\"_ _3\"></span>dere <span class=\"_ _7\"></span>ai<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>precedenti <span class=\"_ _7\"></span>fornitori. L\u2019indennizzo <span class=\"_ _e\"> </span>v<span class=\"_ _5\"></span>iene <span class=\"_ _e\"> </span>applicato <span class=\"_ _d\"> </span>solo <span class=\"_ _d\"> </span>ad <span class=\"_ _f\"> </span>alcune <span class=\"_ _e\"> </span>specifiche <span class=\"_ _d\"> </span>categorie <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>utenze, <span class=\"_ _d\"> </span>individuate <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>alla  <span class=\"ff1\">deliber<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>Arera </span>593/2017/R <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>dalle <span class=\"_ _d\"> </span>sue <span class=\"_ _d\"> </span>successive <span class=\"_ _d\"> </span>modifiche <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>integrazio<span class=\"_ _3\"></span>ni<span class=\"_ _5\"></span><span class=\"ls16\">. <span class=\"_ _d\"> </span></span>Il <span class=\"_ _f\"> </span>decremento <span class=\"_ _d\"> </span>rispetto <span class=\"_ _d\"> </span>all<span class=\"ff5\">\u2019</span>esercizio <span class=\"_ _d\"> </span>precedente riflette <span class=\"_ _8\"> </span>l\u2019acquisizi<span class=\"_ _3\"></span>one <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>un <span class=\"_ _10\"> </span>n<span class=\"_ _5\"></span>uovo <span class=\"_ _8\"> </span>lotto<span class=\"ff1\"> <span class=\"_ _8\"> </span>nel <span class=\"_ _8\"> </span>mercato <span class=\"_ _8\"> </span></span>salvaguardia <span class=\"_ _10\"> </span>avvenuta <span class=\"_ _8\"> </span>nell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>2023, <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>ha<span class=\"_ _3\"></span> comportato un <span class=\"_ _5\"></span>significativo <span class=\"_ _5\"></span>incremento <span class=\"_ _5\"></span><span class=\"ff5\">dell\u2019esposizione</span> <span class=\"_ _5\"></span>al 3<span class=\"_ _5\"></span>1 d<span class=\"_ _5\"></span>icembre 2023<span class=\"_ _5\"></span>, <span class=\"_ _5\"></span>mentre le <span class=\"_ _5\"></span>variazioni <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>perimetr<span class=\"_ _3\"></span>o sui <span class=\"_ _d\"> </span>mercati <span class=\"_ _e\"></span>di <span class=\"_ _e\"> </span>ultima <span class=\"_ _d\"> </span>istanza <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>gas <span class=\"_ _e\"> </span>metano <span class=\"_ _f\"> </span><span class=\"ff5\">avvenute <span class=\"_ _e\"> </span>nell\u2019anno <span class=\"_ _e\"> </span>corrente <span class=\"_ _d\"> </span></span>non <span class=\"_ _e\"> </span>hanno <span class=\"_ _d\"> </span>impatti <span class=\"_ _d\"> </span>significativi <span class=\"_ _e\"></span>sul valore al 31 dicembr<span class=\"_ _3\"></span>e 2024; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _d\"> </span><span class=\"ls0\">contributi <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>isagi <span class=\"_ _e\"> </span>a<span class=\"_ _5\"></span>mbientali <span class=\"_ _e\"> </span>sono <span class=\"_ _f\"> </span>costituiti <span class=\"_ _e\"> </span>da <span class=\"_ _f\"> </span>importi <span class=\"_ _e\"> </span>da<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>li<span class=\"_ _5\"></span>quidare <span class=\"_ _e\"> </span>ai<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>Comuni <span class=\"_ _d\"> </span>determinati <span class=\"_ _d\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _d\"> </span>di </span></span></span>specifiche <span class=\"_ _5\"></span>convenzioni <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>sono <span class=\"_ _5\"></span>dovuti <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>titolo <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>indennizzo <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>aventi <span class=\"_ _7\"></span>impatto <span class=\"_ _5\"></span>ambientale <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>relazione al <span class=\"_ _7\"></span>conferimento <span class=\"_ _5\"></span>rifiuti <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>impianti <span class=\"_ _5\"></span>presenti <span class=\"_ _6\"></span><span class=\"ff5\">sui <span class=\"_ _5\"></span>territori <span class=\"_ _7\"></span>comunali. <span class=\"_ _5\"></span>L\u2019ammontare <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>tali <span class=\"_ _7\"></span>contributi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>correlato <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>lle<span class=\"_ _3\"></span> </span>quantit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>rifiuti <span class=\"_ _6\"></span>annualmente <span class=\"_ _7\"></span>smaltite <span class=\"_ _6\"></span><span class=\"ff5\">che <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>risultate <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>au<span class=\"_ _3\"></span>mento <span class=\"_ _6\"></span>nell\u2019eserciz<span class=\"_ _3\"></span>io <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>periodo <span class=\"_ _6\"></span>di </span>confronto; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1 lsf\">i <span class=\"_ _7\"></span><span class=\"ls0\">contributi <span class=\"_ _7\"></span>alluvione <span class=\"_ _7\"></span>rappresentano <span class=\"_ _7\"></span><span class=\"lse\">un<span class=\"_ _5\"></span></span><span class=\"ff5\">\u2019</span>anticipazione <span class=\"_ _7\"></span>ricevut<span class=\"lse\">a <span class=\"_ _7\"></span></span>dal<span class=\"ff5\">l\u2019Ente</span> <span class=\"_ _6\"></span>C<span class=\"_ _3\"></span>ommissariale <span class=\"_ _7\"></span>Straordinario <span class=\"_ _7\"></span>istituito <span class=\"_ _7\"></span>dal </span></span></span>Governo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>finanziamento <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>lavori <span class=\"_ _6\"></span>ritenuti <span class=\"_ _6\"></span>necessari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span><span class=\"ff5\">dei <span class=\"_ _6\"> </span>danni <span class=\"_ _6\"></span>causati <span class=\"_ _6\"></span>dall\u2019alluvione <span class=\"_ _6\"> </span></span>di <span class=\"_ _e\"></span>maggio 2023 <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>Emilia-Romagn<span class=\"_ _3\"></span>a<span class=\"ls16\">. <span class=\"_ _7\"></span></span>Tali <span class=\"_ _6\"></span>contributi, <span class=\"_ _7\"></span>tuttavia, <span class=\"_ _7\"></span>potranno <span class=\"_ _7\"></span>essere <span class=\"_ _7\"></span>r<span class=\"_ _5\"></span>itenuti <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>spettanza <span class=\"_ _7\"></span>effettiva <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gru<span class=\"_ _3\"></span>ppo, <span class=\"_ _7\"></span>al netto <span class=\"_ _4\"> </span>dei <span class=\"_ _4\"> </span>r<span class=\"_ _5\"></span>imborsi  assicurativi  r<span class=\"_ _5\"></span>icevuti,  solamente <span class=\"_ _10\"> </span>al  termine <span class=\"_ _4\"> </span>del <span class=\"_ _10\"> </span>percorso  di <span class=\"_ _10\"> </span>pres<span class=\"_ _3\"></span>entazione <span class=\"_ _4\"> </span>delle <span class=\"_ _4\"> </span>istanze<span class=\"_ _7\"></span> attualmente <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>corso. <span class=\"_ _6\"></span>In <span class=\"_ _7\"></span>tale <span class=\"_ _7\"></span>contesto <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>fortemente <span class=\"_ _7\"></span>incerto, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Grup<span class=\"_ _3\"></span>po <span class=\"_ _7\"></span>rit<span class=\"_ _5\"></span>iene <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span><span class=\"ff5\">l\u2019a<span class=\"_ _3\"></span>nticipazione <span class=\"_ _7\"></span><span class=\"ff1\">potrebbe </span></span>dover essere <span class=\"_ _5\"></span>restituita <span class=\"_ _5\"></span><span class=\"ff5\">nel corso dell\u2019esercizio 2025<span class=\"_ _5\"></span></span> e<span class=\"_ _5\"></span> pertanto non <span class=\"_ _5\"></span>ricorrono i <span class=\"_ _5\"></span>requisiti di <span class=\"_ _5\"></span>certezza sufficienti per l\u2019iscrizione del contri<span class=\"_ _3\"></span>buto pubblico;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">le f<span class=\"_ _5\"></span>ranchigie assicurative <span class=\"_ _5\"></span>rappresentano importi che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo deve rimborsare direttamente <span class=\"_ _5\"></span>ai terzi <span class=\"_ _5\"></span>danneggiati </span></span>o alle compagnie as<span class=\"_ _3\"></span>sicurative. Come <span class=\"_ _6\"></span>esposto <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>paragrafo <span class=\"_ _7\"></span>2<span class=\"_ _5\"></span>.02.01 <span class=\"_ _6\"></span>\u201cIntroduzi<span class=\"_ _3\"></span>one\u201d, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>introdotte <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>uove <span class=\"_ _6\"></span>righe <span class=\"_ _6\"></span>negli <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>chemi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bilan<span class=\"_ _3\"></span>cio <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>di conseguenza  sono  state  effettuate  alcune <span class=\"_ _10\"> </span>riesposi<span class=\"_ _3\"></span>zioni  rispetto  a <span class=\"_ _4\"> </span>quanto  pubblicato  al  31  d<span class=\"_ _5\"></span>icembre  2023.  In particolare, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _e\"> </span><span class=\"ff5\">nell\u2019esercizio <span class=\"_ _6\"></span>precedente <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>\u201c<span class=\"_ _5\"></span>Altre <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>correnti\u201d <span class=\"_ _6\"></span>accoglievano <span class=\"_ _6\"></span>acconti <span class=\"_ _6\"></span>per <span class=\"_ _6\"> </span>lavori <span class=\"_ _e\"> </span>in </span>corso <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>risconti <span class=\"_ _5\"></span>passivi <span class=\"_ _5\"></span>relativi <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>ricavi <span class=\"_ _5\"></span>verso <span class=\"_ _5\"></span>clienti <span class=\"_ _5\"></span>da<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>differire <span class=\"_ _5\"></span>negli <span class=\"_ _7\"></span>esercizi <span class=\"_ _5\"></span>successivi <span class=\"_ _5\"></span>rispettivamente <span class=\"_ _5\"></span>per 365,1 milioni di <span class=\"_ _5\"></span>euro e p<span class=\"_ _5\"></span>er 14,4 milioni di <span class=\"_ _5\"></span>euro. Tali fattispecie sono <span class=\"_ _5\"></span>state esposte al 31 <span class=\"_ _5\"></span>dicembre 2024, per <span class=\"_ _5\"></span>entrambi i periodi di confronto,<span class=\"_ _3\"></span> nella voce di nuova intr<span class=\"_ _3\"></span>oduzione \u201cPassivit\u00e0 <span class=\"_ _3\"></span>correnti derivanti da cont<span class=\"_ _3\"></span>ratti con i clienti\u201d<span class=\"_ _5\"></span><span class=\"ff1\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "\u201cDepositi <span class=\"_ _10\"> </span>cauzio<span class=\"_ _3\"></span>nali <span class=\"_ _10\"> </span>da <span class=\"_ _4\"> </span>clienti\u201d, <span class=\"_ _10\"> </span>riflettono<span class=\"ff1\"> <span class=\"_ _10\"> </span>quanto <span class=\"_ _10\"> </span>richiesto <span class=\"_ _4\"> </span>ai <span class=\"_ _10\"> </span>clienti <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>relazione <span class=\"_ _10\"> </span>principalmente<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>contratti  d<span class=\"_ _5\"></span>i </span>somministrazione <span class=\"_ _7\"></span>gas, <span class=\"_ _6\"></span>energia <span class=\"_ _7\"></span>elettrica <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>acqua<span class=\"_ _5\"></span>, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>presen<span class=\"_ _3\"></span>za <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>eterminate <span class=\"_ _6\"></span>condi<span class=\"_ _3\"></span>zioni<span class=\"ls1e\">. <span class=\"_ _6\"></span></span>Il <span class=\"_ _6\"></span>significativo <span class=\"_ _6\"></span>decrem<span class=\"_ _3\"></span>ento rispetto <span class=\"_ _6\"></span>all\u2019eserci<span class=\"_ _3\"></span>zio <span class=\"_ _6\"></span>precedente <span class=\"_ _7\"></span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>at<span class=\"_ _5\"></span>tribuire <span class=\"_ _6\"></span><span class=\"ff1\">principalmente <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>minori <span class=\"_ _7\"></span>prezzi <span class=\"_ _6\"></span>medi <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ommodity <span class=\"_ _7\"></span>evidenziatesi </span>nel corso dell\u2019esercizio<span class=\"_ _3\"></span> 2024, che hanno determinato una minor<span class=\"_ _3\"></span>e entit\u00e0 dell\u2019ammontare <span class=\"_ _3\"></span>singolarmente richiest<span class=\"_ _3\"></span>o<span class=\"_ _7\"></span><span class=\"ff1\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-64": {
   "value": "Business combi<span class=\"_ _3\"></span>nation (inform<span class=\"_ _3\"></span>azioni integrati<span class=\"_ _3\"></span>ve) Le <span class=\"_ _6\"></span>operazioni <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>aggregazione <span class=\"_ _6\"></span>sono <span class=\"_ _e\"></span>state <span class=\"_ _6\"></span>contabilizzate <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _e\"></span>delle <span class=\"_ _6\"></span>valutazioni <span class=\"_ _6\"></span>condotte <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>management <span class=\"_ _6\"></span>in relazione alle <span class=\"_ _5\"></span>analisi d<span class=\"_ _5\"></span>i valutazione a<span class=\"_ _5\"></span>l fair <span class=\"_ _5\"></span>value di <span class=\"_ _5\"></span>attivit\u00e0<span class=\"_ _5\"></span>, p<span class=\"_ _5\"></span>assivit\u00e0 e <span class=\"_ _5\"></span>passivit\u00e0 potenziali, <span class=\"_ _5\"></span>prendendo <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>riferimento le informazioni <span class=\"_ _5\"></span>su <span class=\"_ _5\"></span>fatti <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>circostanze in <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span>ssere <span class=\"_ _5\"></span>disponi<span class=\"_ _5\"></span>bili a<span class=\"_ _5\"></span>lla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione. <span class=\"_ _7\"></span>Il <span class=\"_ _5\"></span>processo <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>valutazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>tutte <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>e operazioni \u00e8 terminato al 31 <span class=\"_ _3\"></span>dicembre 2024. Nella <span class=\"_ _7\"></span>tabella <span class=\"_ _7\"></span>seguente <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>riportate <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>pa<span class=\"_ _3\"></span>ssivit\u00e0 <span class=\"_ _7\"></span>acquisite <span class=\"_ _7\"></span>n<span class=\"_ _7\"></span>elle <span class=\"_ _7\"></span>operazioni <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>aggregazione <span class=\"_ _7\"></span>effettuate <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>el corso dell\u2019esercizi<span class=\"_ _3\"></span>o,<span class=\"_ _5\"></span><span class=\"ff1\"> valutate al<span class=\"_ _3\"></span> loro fair value: </span>TRS ECOLOGY SRL RAMO  SOELIA TRIVENETA  LUCE SCARL ALTRE  MINORI TOTALE BUSINESS COMBINATION Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti Immobili, impianti e m<span class=\"_ _3\"></span>acchinari 3,0 \u2010<span class=\"ff4\"> </span>3,0 Diritti d'uso 2,0 2,0 Attivit\u00e0 immateriali 11,5 12,8 1,3 0,1 25,7 Altre partecipazi<span class=\"_ _3\"></span>oni 2,3 2,3 Attivit\u00e0 per imposte differit<span class=\"_ _1\"></span>e 0,9 0,9 Attivit\u00e0 correnti Rimanenze 0,1 0,1 Crediti commerci<span class=\"_ _3\"></span>ali \u2010<span class=\"ff4\"> </span>(1,0) (1,0) Altre attivit\u00e0 corr<span class=\"_ _3\"></span>enti 0,5 0,2 0,7 Disponibilit\u00e0 liquide<span class=\"_ _3\"></span> 0,1 0,2 0,3 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie (0,2) (0,2) Passivit\u00e0 per leasi<span class=\"_ _3\"></span>ng (0,9) (0,9) Benefici ai dipende<span class=\"_ _3\"></span>nti (0,1) (0,1) Fondi (1,0) (2,9) (3,9) Passivit\u00e0 per impo<span class=\"_ _3\"></span>ste differite (3,8) (0,4) (4,2) Passivit\u00e0 corre<span class=\"_ _3\"></span>nti Passivit\u00e0 per leasi<span class=\"_ _3\"></span>ng (0,8) (0,8) Debiti commerciali (0,1) (0,1) Altre passivit\u00e0 corr<span class=\"_ _3\"></span>enti (1,0) (1,4) (2,4) Totale attivit\u00e0 n<span class=\"_ _3\"></span>ette acquisite 10,2 9,8 1,3 0,1 21,4 Fair value corrispettiv<span class=\"_ _3\"></span>o 23,6 9,1 1,3 0,1 34,1 Fair value intere<span class=\"_ _3\"></span>ssenza posseduta \u2010<span class=\"ff4\"> </span>Interessenze di minor<span class=\"_ _3\"></span>anza \u2010<span class=\"ff4\"> </span>Opzioni di vendita <span class=\"_ _3\"></span>soci di minoranza 10,9 10,9 Totale valore d<span class=\"_ _3\"></span>ell'aggregazione 34,5 9,1 1,3 0,1 45,0 (Avviamento) / Pr<span class=\"_ _3\"></span>ovento (24,3) 0,7 \u2010<span class=\"ff2 sc0\"> </span>\u2010<span class=\"ff2 sc0\"> </span>(23,6)<span class=\"_ _75\"> </span>Il <span class=\"_ _5\"></span>processo di<span class=\"_ _5\"></span> valutazione <span class=\"_ _5\"></span>ha comportato <span class=\"_ _5\"></span>le s<span class=\"_ _5\"></span>eguenti rettifiche<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>ai va<span class=\"_ _5\"></span>lori di <span class=\"_ _5\"></span>libro i<span class=\"_ _5\"></span>scritti nel<span class=\"_ _5\"></span> b<span class=\"_ _5\"></span>ilancio <span class=\"ff5\">dell\u2019entit\u00e0 <span class=\"_ _5\"></span>acquisita</span><span class=\"ls1e\">, </span>nonch\u00e9 le seguenti c<span class=\"_ _3\"></span>onsiderazioni in relazi<span class=\"_ _3\"></span>one al corrispettivo tra<span class=\"_ _3\"></span>sferito:<span class=\"_ _5\"></span> TRS ECOLOGY SRL RAMO  SOELIA TRIVENETA  LUCE SCARL ALTRE  MINORI TOTALE BUSINESS COMBINATION Valore contabile atti<span class=\"_ _3\"></span>vit\u00e0 nette acquisite 2,5 11,2 0,4 \u2010<span class=\"ff12\"> </span>14,1 Rettifiche per valuta<span class=\"_ _3\"></span>zione al fair valu<span class=\"_ _3\"></span>e Attivit\u00e0 immateriali 11,3 (0,4) 1,3 0,1 12,3 Partecipazioni 1,8 1,8 Fondi (2,8) (2,8) Attivit\u00e0 (passivit\u00e0) p<span class=\"_ _3\"></span>er imposte differite (3,6) (0,4) (4,0) Fair value attivit\u00e0 <span class=\"_ _3\"></span>nette acquisite 10,2 9,8 1,3 0,1 21,4 Esborso di cass<span class=\"_ _3\"></span>a 23,6 8,7 1,0 0,1 33,4 Interessenze di minor<span class=\"_ _3\"></span>anza \u2010<span class=\"ff4\"> </span>Corrispettivi differit<span class=\"_ _3\"></span>i / potenziali 0,4 0,3 0,7 Fair value corri<span class=\"_ _3\"></span>spettivo 23,6 9,1 1,3 0,1 34,1 Le <span class=\"_ _d\"> </span>valutazioni <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>fair <span class=\"_ _f\"> </span>value <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>cquisite <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>delle <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ssunte <span class=\"_ _d\"> </span>identificabili, <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>enuto <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>onto <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>valore recuperabile degli as<span class=\"_ _3\"></span>set, hanno portato a identificare q<span class=\"_ _3\"></span>ueste principali rettifi<span class=\"_ _3\"></span>che<span class=\"_ _5\"></span>: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">TRS  Ecology  S<span class=\"_ _3\"></span>rl  <span class=\"ff5\">\u2013</span>  \u00e8  stata <span class=\"_ _f\"> </span>iscritta  una  lista  cli<span class=\"_ _3\"></span>enti  per  <span class=\"lse\">11</span>,3  milioni  di<span class=\"_ _3\"></span>  euro,  q<span class=\"_ _3\"></span>uantificata  sulla <span class=\"_ _f\"> </span>base  delle </span></span>caratteristiche <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>contesto <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>riferimento, <span class=\"_ _f\"> </span>utilizzando  i<span class=\"_ _3\"></span>l <span class=\"_ _f\"> </span>metodo <span class=\"_ _f\"> </span>dei  flussi <span class=\"_ _d\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>cassa <span class=\"_ _f\"> </span>incrementali <span class=\"_ _f\"> </span>(Meem). <span class=\"_ _f\"> </span>Il periodo <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>ammortamento, <span class=\"_ _f\"> </span>pari <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span><span class=\"ls10\">12</span> <span class=\"_ _f\"> </span>anni, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>stato <span class=\"_ _f\"> </span>determinato <span class=\"_ _d\"> </span>sulla <span class=\"_ _f\"> </span>base <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>tasso <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i  a<span class=\"_ _3\"></span>bbandono <span class=\"_ _f\"> </span>definito analizzando le serie <span class=\"_ _3\"></span>storiche del fatturato dei<span class=\"_ _3\"></span> clienti<span class=\"_ _5\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Ramo Soelia<span class=\"ls16\">: </span> </span></span>\u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">in <span class=\"_ _e\"> </span>relazione <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _e\"></span>del <span class=\"_ _d\"> </span>gas <span class=\"_ _d\"> </span>metano <span class=\"_ _e\"></span>nel <span class=\"_ _d\"> </span>comune <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>Argen<span class=\"_ _5\"></span>ta, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"> </span>stata <span class=\"_ _d\"> </span>iscritta <span class=\"_ _e\"> </span>una <span class=\"_ _d\"> </span>rettifica <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span><span class=\"lsf\">l </span></span></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>libro <span class=\"_ _7\"></span>degli<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>asset <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>cquisiti <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>0,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>euro. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>valutazione <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _6\"></span>effettuata <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>base<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lle specifiche condizioni di <span class=\"_ _5\"></span>mercato esistenti alla d<span class=\"_ _5\"></span>ata della valutazione e <span class=\"_ _5\"></span>in funzione <span class=\"_ _5\"></span>della capacit\u00e0 di <span class=\"_ _5\"></span>reddito corrente <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _e\"></span>ramo <span class=\"_ _6\"></span>al <span class=\"_ _e\"> </span>fine <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>esprimere <span class=\"_ _e\"></span>un <span class=\"_ _6\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _e\"></span>recuperabile<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>flussi <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>reddito <span class=\"_ _6\"></span>prospettici derivanti dal capitale inv<span class=\"_ _3\"></span>estito netto (Rab)<span class=\"ls1e\">, </span>utilizzando il metodo dei discou<span class=\"_ _3\"></span>nted cash flow<span class=\"ls1e\">. </span> Inoltre, sono state iscritte delle passivit\u00e0 pote<span class=\"_ _3\"></span>nziali per 2,8 milioni di euro, in relazione a rischi sia di natura regolatoria sia di natura tecnic<span class=\"_ _3\"></span>a correlati ad alcuni asset della do<span class=\"_ _3\"></span>tazione impiantistica acquisiti; \u2013<span class=\"ff3\"> <span class=\"_ _20\"> </span><span class=\"ff1 fc1\">in <span class=\"_ _e\"></span>relazione <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>partecipazione<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>nella <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _6\"></span>Sinergas <span class=\"_ _e\"></span>Spa <span class=\"_ _6\"></span>(pari <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>2,85% <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>capitale <span class=\"_ _6\"></span>sociale) <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stata </span></span>iscritta <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>rettifica <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>valor<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>libro <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>1,8 <span class=\"_ _6\"></span>milio<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>euro. <span class=\"_ _7\"></span>La <span class=\"_ _6\"></span>valutazione <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _7\"></span>effettuata, <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>me <span class=\"_ _7\"></span>da prassi <span class=\"_ _5\"></span>consolidata nel <span class=\"_ _5\"></span>caso <span class=\"_ _5\"></span>di soc<span class=\"_ _5\"></span>iet\u00e0 di <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>di commodity <span class=\"_ _5\"></span>energetiche, <span class=\"_ _5\"></span>utilizzando la <span class=\"_ _5\"></span>metodologia <span class=\"_ _5\"></span>dei multipli di mercato sulla base di transazioni comparabili, determi<span class=\"_ _3\"></span>nando il valore unitario di riferimento della clientela. \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">Triveneta <span class=\"_ _8\"> </span>Luce <span class=\"_ _8\"> </span>S<span class=\"_ _3\"></span>carl <span class=\"_ _8\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>tato <span class=\"_ _10\"> </span>iscritto <span class=\"_ _8\"> </span>un <span class=\"_ _8\"> </span>diritto <span class=\"_ _10\"> </span>intangibile <span class=\"_ _8\"> </span>per <span class=\"_ _8\"> </span>1,3 <span class=\"_ _10\"> </span>milioni <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _8\"> </span>rel<span class=\"_ _3\"></span>ativamente <span class=\"_ _2\"> </span>alla </span></span>sottoscrizione di <span class=\"ff5\">un accordo quadro per la gestione e l\u2019efficientamento energetico degli impianti di illuminazione<span class=\"_ _5\"></span></span><span class=\"ls25\">, </span>in seguito all'aggiudicazione da parte della societ\u00e0 acquisita di a<span class=\"_ _3\"></span>lcuni <span class=\"_ _5\"></span>lotti previsti dalle gare Consip. Il periodo di ammortamento, <span class=\"_ _e\"> </span>pari <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>9 <span class=\"_ _d\"> </span>anni, <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>stato <span class=\"_ _d\"> </span>determinato <span class=\"_ _e\"> </span>sulla <span class=\"_ _d\"> </span>base <span class=\"_ _f\"> </span>della <span class=\"_ _e\"> </span>durata <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>contratti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>concessione <span class=\"_ _d\"> </span>che potranno essere <span class=\"_ _5\"></span>sottoscritti <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>varie <span class=\"_ _5\"></span>amministrazi<span class=\"_ _3\"></span>oni <span class=\"_ _5\"></span>all\u2019interno del <span class=\"_ _5\"></span>contratto <span class=\"_ _5\"></span>quadro, <span class=\"_ _7\"></span><span class=\"ff1\">decorrenti <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di </span>avvio del servizio. Gli <span class=\"_ _10\"> </span>effetti <span class=\"_ _10\"> </span>sopra <span class=\"_ _10\"> </span>rilevati <span class=\"_ _4\"> </span>hanno <span class=\"_ _10\"> </span>comportato<span class=\"_ _5\"></span>, <span class=\"_ _10\"> </span>laddove <span class=\"_ _10\"> </span>previsto, <span class=\"_ _10\"> </span><span class=\"ff5\">l\u2019iscrizi<span class=\"_ _3\"></span>one <span class=\"_ _10\"> </span>di<span class=\"ff1\"> <span class=\"_ _10\"> </span>attivit\u00e0 <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>passivit\u00e0 <span class=\"_ _10\"> </span>fiscali <span class=\"_ _10\"> </span>differite </span></span>determinate sulla base<span class=\"_ _3\"></span> dell\u2019aliquota nomin<span class=\"_ _3\"></span>ale applicabile<span class=\"_ _5\"></span><span class=\"ff1\">. </span>Con <span class=\"_ _e\"></span><span class=\"ff5\">riferimento <span class=\"_ _6\"></span>all\u2019acquisizione <span class=\"_ _6\"> </span>di <span class=\"_ _d\"> </span></span>T<span class=\"ls4c\">RS</span> <span class=\"_ _e\"></span>Ecology <span class=\"_ _e\"></span>Srl <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"></span>stata <span class=\"_ _e\"></span>negoziata <span class=\"_ _6\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>controparte <span class=\"_ _6\"></span>un<span class=\"_ _5\"></span><span class=\"ff5\">\u2019opzion</span>e <span class=\"_ _6\"></span>incrociata <span class=\"_ _e\"></span>di acquisto <span class=\"_ _f\"> </span>e <span class=\"_ _d\"> </span>v<span class=\"_ _5\"></span>endita <span class=\"_ _d\"> </span>dell<span class=\"_ _5\"></span>a <span class=\"_ _f\"> </span>partecipazione <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>minoranza<span class=\"ls16\">. <span class=\"_ _f\"> </span></span>L<span class=\"ff5\">\u2019esist<span class=\"_ _3\"></span>enza <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>tal<span class=\"ff1\">i <span class=\"_ _f\"> </span>diritti <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>capo <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>soci <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>minoranza <span class=\"_ _d\"> </span>h<span class=\"_ _5\"></span>a </span></span>comportato la <span class=\"_ _5\"></span>classificazione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>del valore dell<span class=\"_ _5\"></span><span class=\"ls10\">e </span>opzioni <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>bilancio consolidato come debito <span class=\"_ _5\"></span>finanziario, <span class=\"_ _5\"></span>come riportato alla <span class=\"_ _f\"> </span>nota <span class=\"_ _f\"> </span>19 <span class=\"_ _f\"> </span>\u201cPassivit\u00e0 <span class=\"_ _f\"> </span>finanziarie\u201d.<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>Conformemente<span class=\"ff1\">  alle <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>roprie <span class=\"_ _d\"> </span>policy <span class=\"_ _f\"> </span>contabili, <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>proceduto <span class=\"_ _f\"> </span>a </span>rappresentare <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _7\"></span>consolidato <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>quote <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>minor<span class=\"_ _3\"></span>anza, <span class=\"_ _7\"></span>considerando <span class=\"_ _6\"></span>quindi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>come <span class=\"_ _7\"></span>interamente <span class=\"_ _7\"></span>possedut<span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>la partecipazione. La valutazione <span class=\"_ _3\"></span>dell<span class=\"ff5\">\u2019</span>opzione rilevata in sede di acq<span class=\"_ _3\"></span>uisizione \u00e8 pari a 10,9 milioni di euro.<span class=\"_ _75\"> </span>Con <span class=\"_ _7\"></span>rifermento <span class=\"_ _6\"></span>all\u2019<span class=\"_ _3\"></span>acquisizione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>R<span class=\"_ _3\"></span>amo <span class=\"_ _6\"></span>So<span class=\"_ _3\"></span>elia <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Triveneta <span class=\"_ _7\"></span>Luce <span class=\"_ _6\"></span>S<span class=\"_ _5\"></span><span class=\"ff1 ls12\">ca<span class=\"ls0\">rl, <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _7\"></span>2024 <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>is<span class=\"_ _3\"></span>critti <span class=\"_ _7\"></span>debiti </span></span>per corrispettivi diffe<span class=\"_ _3\"></span>riti rispettivamente pari a<span class=\"_ _3\"></span> 0,4 milioni di euro <span class=\"_ _3\"></span>e 0,3 milioni di euro.<span class=\"_ _5\"></span> Infine, <span class=\"_ _5\"></span>si <span class=\"_ _7\"></span>evidenzia <span class=\"_ _7\"></span>che <span class=\"_ _5\"></span>l\u2019operazione <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>ac<span class=\"_ _5\"></span>quisizio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>TRS <span class=\"_ _5\"></span>Ecology <span class=\"_ _7\"></span>Srl <span class=\"_ _5\"></span>ha <span class=\"_ _7\"></span>comportato <span class=\"_ _5\"></span>l\u2019iscrizione <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>avviamento pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>24,3 <span class=\"_ _f\"> </span>milioni <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span>uro,  ri<span class=\"_ _3\"></span>conducibile <span class=\"_ _f\"> </span>allo <span class=\"_ _d\"> </span>scopo<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>del<span class=\"_ _5\"></span><span class=\"ff5\">l\u2019acquisizione</span>, <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>permesso <span class=\"_ _f\"> </span><span class=\"ff5\">l\u2019accesso <span class=\"_ _f\"> </span>ad <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>n <span class=\"_ _f\"> </span>nuovo </span>segmento <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>clientela <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>l\u2019espansione <span class=\"_ _6\"> </span>in <span class=\"_ _6\"> </span>aree <span class=\"_ _e\"> </span>geografiche <span class=\"_ _6\"></span>limitrof<span class=\"_ _3\"></span>e, <span class=\"_ _d\"> </span><span class=\"ff1\">consentendo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ampliare <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>ottimizzare<span class=\"_ _75\"> </span></span>l\u2019attuale <span class=\"_ _7\"></span>rete <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>impianti <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>alla <span class=\"_ _6\"></span>gestion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>dei <span class=\"_ _7\"></span>rifiuti, <span class=\"_ _7\"></span>anche <span class=\"_ _7\"></span>attraverso <span class=\"_ _7\"></span>lo <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>fruttamento <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>importanti <span class=\"_ _7\"></span>sinergie <span class=\"_ _7\"></span>tra <span class=\"_ _6\"></span>le<span class=\"_ _7\"></span><span class=\"ff1\"> </span>varie piattaforme <span class=\"_ _5\"></span>con gli <span class=\"_ _5\"></span>impianti di <span class=\"_ _5\"></span>smal<span class=\"_ _5\"></span>t<span class=\"ff5\">imento gestiti dal <span class=\"_ _5\"></span>Gruppo. L\u2019operazione di <span class=\"_ _5\"></span>acquisizione del Ra<span class=\"_ _5\"></span>mo Soelia ha </span>invece comportato la ri<span class=\"_ _3\"></span>levazione un provento d<span class=\"_ _3\"></span>a aggregazione pari a 0,7 milioni di euro. Nella <span class=\"_ _d\"> </span>nota <span class=\"_ _f\"> </span>28 <span class=\"_ _f\"> </span>\u201cFlussi <span class=\"_ _d\"> </span>monetari <span class=\"_ _d\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>investimento\u201d <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _f\"> </span>presente <span class=\"_ _d\"> </span>l\u2019analisi <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>flussi <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>cassa <span class=\"_ _d\"> </span>c<span class=\"_ _5\"></span>onnessi <span class=\"_ _d\"> </span>alle operazioni di aggreg<span class=\"_ _3\"></span>azione descritte.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-65": {
   "value": "Principi contabi<span class=\"_ _3\"></span>li, emendamen<span class=\"_ _3\"></span>ti e interpretazi<span class=\"_ _3\"></span>oni applicati dal 1\u00b0 gen<span class=\"_ _3\"></span>naio 2024 Con <span class=\"_ _22\"> </span>riferimento<span class=\"_ _3\"></span> <span class=\"_ _22\"> </span>agli <span class=\"_ _c\"> </span>a<span class=\"_ _5\"></span>mbiti <span class=\"_ _c\"> </span>rilevanti <span class=\"_ _c\"> </span>per <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>Gruppo, <span class=\"_ _c\"> </span>a <span class=\"_ _22\"> </span>partire <span class=\"_ _c\"> </span>dal <span class=\"_ _22\"> </span>1\u00b0 <span class=\"_ _22\"> </span>gennaio <span class=\"_ _c\"> </span>2024 <span class=\"_ _22\"> </span>risultano <span class=\"_ _c\"> </span>applicabili obbligatoriamente<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>seguenti <span class=\"_ _6\"></span>principi <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>ontabili <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>modifiche <span class=\"_ _7\"></span>di <span class=\"_ _6\"> </span>principi <span class=\"_ _6\"></span>contabili <span class=\"_ _6\"></span>emanati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dall\u2019International <span class=\"_ _6\"></span>acco<span class=\"_ _3\"></span>unting standards board (Iasb)<span class=\"_ _3\"></span> e recepiti dall\u2019Unione <span class=\"_ _3\"></span>europea tramite Re<span class=\"_ _3\"></span>golamento comunitario:<span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-66": {
   "value": "M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _d\"> </span>all<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>Ias<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>1<span class=\"ff1\"> <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013</span>  Presentazione <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>bilancio: <span class=\"_ _f\"> </span>classificazione <span class=\"_ _d\"> </span>delle  passi<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>correnti  o <span class=\"_ _d\"> </span>non<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>correnti. </span>Documento <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>messo <span class=\"_ _e\"> </span>dallo <span class=\"_ _d\"> </span>Iasb <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>data <span class=\"_ _d\"> </span>23 <span class=\"_ _d\"> </span>gennaio <span class=\"_ _d\"> </span>2020 <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>aggiornato <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>data <span class=\"_ _e\"> </span>15 <span class=\"_ _f\"> </span>luglio <span class=\"_ _e\"> </span>2020, <span class=\"_ _d\"> </span>applicabile <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>1\u00b0 gennaio <span class=\"_ _4\"> </span>2024 <span class=\"_ _4\"> </span>con <span class=\"_ _10\"> </span>ap<span class=\"_ _3\"></span>plicazione <span class=\"_ _4\"> </span>anticipata <span class=\"_ _4\"> </span>consentita. <span class=\"_ _4\"> </span>Le <span class=\"_ _4\"> </span>modifiche <span class=\"_ _4\"> </span>chiariscono <span class=\"_ _4\"> </span>i <span class=\"_ _10\"> </span>requi<span class=\"_ _3\"></span>siti <span class=\"_ _4\"> </span>da<span class=\"_ _5\"></span>  considerare <span class=\"_ _4\"> </span>per determinare <span class=\"_ _6\"></span>se, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>prospetto <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>situazion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>patrimoniale<span class=\"_ _5\"></span>-finanziaria, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di regolamento <span class=\"_ _6\"></span>incerta <span class=\"_ _6\"></span>debbano <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>classificati <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>correnti <span class=\"_ _6\"></span>o<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>correnti <span class=\"_ _e\"></span>(inclusi <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>estinguibili <span class=\"_ _6\"></span>mediante conversione in strume<span class=\"_ _3\"></span>nti di capitale). M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e al<span class=\"_ _3\"></span>l\u2019<span class=\"_ _1\"></span>Ifr<span class=\"_ _1\"></span>s 16<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _5\"></span>Passivit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>leasing in <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>operazione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>retrolocazion<span class=\"_ _3\"></span>e. <span class=\"_ _5\"></span>Documento e<span class=\"_ _5\"></span>messo dallo </span>Iasb in data 22 settembre 2022, applicabile dal 1\u00b0 genn<span class=\"_ _3\"></span>aio 2024 con applicazione anticip<span class=\"_ _3\"></span>ata consentita. Le modifiche prevedono che, nella valutazione dell<span class=\"_ _3\"></span>e passivit\u00e0 per leasing in un'operazione di vendit<span class=\"_ _3\"></span>a e retrolocazione, il venditore<span class=\"_ _7\"></span>-<span class=\"_ _75\"> </span>locatario <span class=\"_ _6\"></span>determi<span class=\"_ _3\"></span>ni <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>canoni <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>leasing <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>modo <span class=\"_ _6\"></span>tale <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>rilevare<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>alcun <span class=\"_ _6\"></span>im<span class=\"_ _3\"></span>porto <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>u<span class=\"_ _5\"></span>tile <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>perdita <span class=\"_ _6\"></span>riferito <span class=\"_ _7\"></span>al <span class=\"_ _6\"></span>diritto d'uso trattenuto. M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>all<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>Ia<span class=\"_ _3\"></span>s <span class=\"_ _5\"></span>1<span class=\"ff1\"> <span class=\"_ _7\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _6\"></span>Pr<span class=\"_ _3\"></span>esentazione <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>bil<span class=\"_ _3\"></span>ancio: <span class=\"_ _7\"></span>p<span class=\"_ _5\"></span>assivit\u00e0 <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>c<span class=\"_ _5\"></span>orrenti <span class=\"_ _7\"></span>soggette <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>covenant. <span class=\"_ _7\"></span>Documento <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>messo<span class=\"_ _3\"></span> </span>dallo <span class=\"_ _f\"> </span>Iasb <span class=\"_ _f\"> </span>in <span class=\"_ _d\"> </span>data <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>ottobre <span class=\"_ _d\"> </span>2<span class=\"_ _5\"></span>022, <span class=\"_ _d\"> </span>applicabile <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>1\u00b0 <span class=\"_ _f\"> </span>gennaio <span class=\"_ _d\"> </span>2024 <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>applicazione <span class=\"_ _d\"> </span>anticipata <span class=\"_ _f\"> </span>consentita. <span class=\"_ _d\"> </span>Le modifiche <span class=\"_ _6\"></span>mirano <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>migli<span class=\"_ _3\"></span>orare <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>informazioni <span class=\"_ _6\"></span>for<span class=\"_ _3\"></span>nite <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>un'entit\u00e0 <span class=\"_ _6\"></span>quando <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>diri<span class=\"_ _3\"></span>tto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>differire <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>regolamen<span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>una passivit\u00e0 per almeno d<span class=\"_ _3\"></span>odici mesi \u00e8 subordinato<span class=\"_ _3\"></span> al rispetto di det<span class=\"_ _3\"></span>erminati parametri.<span class=\"_ _5\"></span> M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e a<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>o I<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span> 7<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"ff5\">\u2013</span> <span class=\"_ _5\"></span>Rendiconto finanziario e <span class=\"_ _5\"></span><span class=\"ff10\">al<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>\u2019I<span class=\"_ _3\"></span>fr<span class=\"_ _1\"></span>s 7<span class=\"_ _3\"></span><span class=\"ff1\"> <span class=\"ff5\">\u2013</span> <span class=\"_ _5\"></span>Strumenti finanziari: accordi di finanziamento con i <span class=\"_ _5\"></span>fornitori </span></span></span>e <span class=\"_ _d\"> </span>informazioni <span class=\"_ _e\"> </span>nel<span class=\"_ _5\"></span>le <span class=\"_ _e\"> </span>note <span class=\"_ _d\"> </span>esplicative. <span class=\"_ _d\"> </span>Documento <span class=\"_ _e\"> </span>emesso <span class=\"_ _d\"> </span>dallo <span class=\"_ _d\"> </span>Iasb <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>n <span class=\"_ _e\"> </span>data <span class=\"_ _d\"> </span>25 <span class=\"_ _d\"> </span>maggio <span class=\"_ _d\"> </span>2023, <span class=\"_ _d\"> </span>applicabile <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>1\u00b0 gennaio <span class=\"_ _d\"> </span>2024 <span class=\"_ _d\"> </span>con <span class=\"_ _f\"> </span>applicazion<span class=\"_ _3\"></span>e <span class=\"_ _d\"> </span>anticipata <span class=\"_ _d\"> </span>consentita. <span class=\"_ _d\"> </span>Le <span class=\"_ _f\"> </span>modifiche <span class=\"_ _e\"> </span>ri<span class=\"_ _5\"></span>chiedono <span class=\"_ _e\"> </span>a <span class=\"_ _f\"> </span>un\u2019entit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>fornire <span class=\"_ _f\"> </span>inform<span class=\"_ _3\"></span>azioni aggiuntive <span class=\"_ _7\"></span>sugli <span class=\"_ _7\"></span>accordi <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>everse <span class=\"_ _7\"></span>factoring <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>perm<span class=\"_ _3\"></span>ettano <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>ut<span class=\"_ _5\"></span>ilizzatori<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>bilancio <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valutar<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>n <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>mod<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>gli accordi <span class=\"_ _e\"> </span>f<span class=\"_ _5\"></span>inanziari <span class=\"_ _e\"> </span>con <span class=\"_ _d\"> </span>i <span class=\"_ _e\"> </span>fornitori <span class=\"_ _d\"> </span>possano <span class=\"_ _d\"> </span>influenzare <span class=\"_ _e\"> </span>le <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>flussi <span class=\"_ _d\"> </span>finanziari <span class=\"_ _e\"> </span>dell\u2019entit\u00e0 <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>comprendere l'effetto di tali accordi <span class=\"_ _3\"></span>sull\u2019esposizione dell\u2019<span class=\"_ _3\"></span>entit\u00e0 al rischio di liq<span class=\"_ _3\"></span>uidit\u00e0.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Le modifiche chiariscono, correggono o rimuovono diciture o formulazioni ridondanti o conf<span class=\"_ _5\"></span>littual<span class=\"_ _3\"></span>i nel t<span class=\"_ _5\"></span>esto dei relativi principi. Con <span class=\"_ _6\"></span>riferiment<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>all\u2019applicazione <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>ali <span class=\"_ _6\"></span>modifich<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>nuove <span class=\"_ _7\"></span>interpretazioni, <span class=\"_ _6\"></span>non <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>rilevati <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>sul <span class=\"_ _7\"></span>b<span class=\"_ _5\"></span>ilancio <span class=\"_ _7\"></span>del Gruppo. Principi <span class=\"_ _5\"></span>contabili<span class=\"_ _3\"></span>, <span class=\"_ _5\"></span>emendamenti e <span class=\"_ _5\"></span>interpretazioni <span class=\"_ _5\"></span>omologati dall\u2019Unione <span class=\"_ _5\"></span><span class=\"ff3\">europea <span class=\"_ _5\"></span>ma </span>non ancora appl<span class=\"_ _3\"></span>icabili e non ado<span class=\"_ _3\"></span>ttati in via<span class=\"_ _3\"></span> anticipata<span class=\"_ _3\"></span> dal Gruppo Con <span class=\"_ _8\"> </span>riferimento<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>agli <span class=\"_ _8\"> </span>ambiti <span class=\"_ _10\"> </span>rilevanti <span class=\"_ _8\"> </span>per <span class=\"_ _8\"> </span>il <span class=\"_ _10\"> </span>Gruppo, <span class=\"_ _8\"> </span>a <span class=\"_ _10\"> </span>p<span class=\"_ _5\"></span>artire <span class=\"_ _10\"> </span>dal <span class=\"_ _8\"> </span>prossimo <span class=\"_ _8\"> </span>esercizio<span class=\"_ _3\"></span>, <span class=\"_ _8\"> </span>risulterann<span class=\"_ _3\"></span>o <span class=\"_ _8\"> </span>applicabili obbligatoriamente <span class=\"_ _d\"> </span>le <span class=\"_ _f\"> </span>se<span class=\"_ _5\"></span>guenti <span class=\"_ _d\"> </span>modifiche <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>principi <span class=\"_ _f\"> </span>contabili, <span class=\"_ _f\"> </span>essendosi <span class=\"_ _f\"> </span>gi\u00e0 <span class=\"_ _f\"> </span>concluso <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>processo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>endorsment comunitario: M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al<span class=\"_ _1\"></span>lo <span class=\"_ _5\"></span>Ia<span class=\"_ _1\"></span>s <span class=\"_ _5\"></span>21<span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span>Effetti <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>variazioni <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>cambi <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>valute <span class=\"_ _7\"></span>estere: <span class=\"_ _5\"></span>mancanza <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>convertibilit\u00e0. <span class=\"_ _7\"></span>Documento </span>emesso <span class=\"_ _5\"></span>dallo <span class=\"_ _5\"></span>Iasb <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>15 <span class=\"_ _5\"></span>agosto <span class=\"_ _5\"></span>2023 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>applicabile d<span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>gennaio 2025 <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>applicazione anticipata <span class=\"_ _5\"></span>consentita. Le <span class=\"_ _7\"></span>modifiche <span class=\"_ _5\"></span>richiedono <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>un\u2019entit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>pplicare <span class=\"_ _5\"></span>una <span class=\"_ _7\"></span>metodologi<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>maniera <span class=\"_ _5\"></span>coerente <span class=\"_ _5\"></span>nel <span class=\"_ _7\"></span>tempo <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>verificare<span class=\"_ _75\"> </span>se <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>valuta <span class=\"_ _5\"></span>possa <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>convertita <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un\u2019altra <span class=\"_ _5\"></span>e, <span class=\"_ _5\"></span>quando <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>possibile, <span class=\"_ _5\"></span>definire <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>modalit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>determinazione del cambio da utili<span class=\"_ _3\"></span>zzare e l\u2019informativa da <span class=\"_ _3\"></span>riportare nelle not<span class=\"_ _3\"></span>e esplicative.<span class=\"_ _75\"> </span>Le modifiche chiariscono, correggono o rimuovono diciture o formulazioni ridondanti o conf<span class=\"_ _5\"></span>littual<span class=\"_ _3\"></span>i nel t<span class=\"_ _5\"></span>esto dei relativi principi.<span class=\"_ _75\"> </span>Al <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>amministratori <span class=\"_ _6\"></span>stanno <span class=\"_ _6\"></span>valutando <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>possibili <span class=\"_ _6\"></span>effetti <span class=\"_ _d\"> </span><span class=\"ff5\">dell\u2019introduzione <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>queste <span class=\"_ _6\"></span>modifiche <span class=\"_ _6\"></span>sul <span class=\"_ _6\"></span>bilancio </span>consolidato del Gruppo<span class=\"_ _3\"></span>. Principi <span class=\"_ _7\"></span>contabili, <span class=\"_ _5\"></span>emendamenti <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>i<span class=\"_ _5\"></span>nterpretaz<span class=\"_ _3\"></span>ioni <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>ancora <span class=\"_ _7\"></span>omologati <span class=\"_ _5\"></span>dall\u2019Unione europea Sono <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>corso <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>recepimento <span class=\"_ _5\"></span>da <span class=\"_ _7\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>c<span class=\"_ _5\"></span>ompetenti <span class=\"_ _5\"></span>organi <span class=\"_ _5\"></span>dell\u2019Unione <span class=\"_ _5\"></span>europea <span class=\"_ _7\"></span>i <span class=\"_ _5\"></span>seguenti <span class=\"_ _7\"></span>principi, a<span class=\"_ _5\"></span>ggiornament<span class=\"_ _3\"></span>i ed emendamenti dei pr<span class=\"_ _3\"></span>incipi Ifrs (gi\u00e0 approv<span class=\"_ _3\"></span>ati dallo Iasb) rileva<span class=\"_ _3\"></span>nti per il Gruppo:<span class=\"_ _5\"></span> If<span class=\"_ _1\"></span>rs 18<span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span>Presentazio<span class=\"_ _3\"></span>ne <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>informativa <span class=\"_ _5\"></span>nei <span class=\"_ _7\"></span>bilanci. <span class=\"_ _5\"></span>Principio <span class=\"_ _7\"></span>emesso <span class=\"_ _5\"></span>dallo <span class=\"_ _5\"></span>Iasb <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>data <span class=\"_ _5\"></span>9 <span class=\"_ _7\"></span>aprile <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>applicabile <span class=\"_ _5\"></span>dal </span>1\u00b0 <span class=\"_ _5\"></span>gennaio 2<span class=\"_ _5\"></span>027 <span class=\"_ _5\"></span>con applicazione <span class=\"_ _5\"></span>anticipata <span class=\"_ _5\"></span>consentita. Il <span class=\"_ _5\"></span>nuovo <span class=\"_ _5\"></span>principio, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>sostituir\u00e0 <span class=\"_ _5\"></span>lo I<span class=\"_ _5\"></span>as 1<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>\u201cPresentazion<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>del bilancio\u201d, <span class=\"_ _e\"> </span>migliora <span class=\"_ _e\"> </span>l\u2019informativa <span class=\"_ _e\"> </span>sulla <span class=\"_ _e\"> </span>performance <span class=\"_ _6\"> </span>a<span class=\"_ _5\"></span>ziendale <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>termini <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>comparabilit\u00e0, <span class=\"_ _e\"> </span>trasparenza <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>ut<span class=\"_ _5\"></span>ilit\u00e0 <span class=\"_ _6\"> </span>delle informazioni pubblicate e i<span class=\"_ _3\"></span>ntroduce cambiamenti sostanziali nel<span class=\"_ _3\"></span>la struttura del bilancio con particolare rife<span class=\"_ _3\"></span>rimento a<span class=\"_ _7\"></span>gli schemi di conto economic<span class=\"_ _3\"></span>o e, in maniera pi\u00f9 limita<span class=\"_ _3\"></span>ta, di rendiconto finanziar<span class=\"_ _3\"></span>io. In particolare:<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">vengono riviste <span class=\"_ _5\"></span>alcune classificazioni di <span class=\"_ _5\"></span>ricavi <span class=\"_ _5\"></span>e costi, <span class=\"_ _7\"></span>introducendo <span class=\"_ _5\"></span>la distinzione <span class=\"_ _5\"></span>tra sezione <span class=\"_ _5\"></span>operativa, sezione </span></span>di <span class=\"_ _d\"> </span>investimento <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>sezione <span class=\"_ _d\"> </span>finanziaria, <span class=\"_ _d\"> </span>oltre <span class=\"_ _d\"> </span>alla <span class=\"_ _f\"> </span>conferm<span class=\"_ _3\"></span>a <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>gi\u00e0 <span class=\"_ _d\"> </span>presenti <span class=\"_ _d\"> </span>categori<span class=\"_ _7\"></span>e <span class=\"_ _d\"> </span>delle <span class=\"_ _f\"> </span>imposte <span class=\"_ _e\"> </span>e <span class=\"_ _f\"> </span>delle attivit\u00e0 cessate; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">vengono <span class=\"_ _e\"></span>introdotti <span class=\"_ _6\"></span>due <span class=\"_ _e\"></span>nuovi <span class=\"_ _e\"></span>sub<span class=\"_ _5\"></span>-totali <span class=\"_ _e\"></span>(risultato <span class=\"_ _6\"></span>operativo <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>risultato <span class=\"_ _6\"></span>p<span class=\"_ _5\"></span>rima <span class=\"_ _6\"></span>della <span class=\"_ _d\"> </span>gestion<span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>finanziaria <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>delle </span></span>imposte sul reddito); \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">viene <span class=\"_ _d\"> </span>richiesto <span class=\"_ _f\"> </span>l\u2019utilizzo <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>risultato <span class=\"_ _d\"> </span>operativo <span class=\"_ _f\"> </span>come <span class=\"_ _d\"> </span>punto <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>partenza <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _d\"> </span>presentazione <span class=\"_ _d\"> </span>del <span class=\"_ _f\"> </span>rendiconto </span></span>finanziario predispos<span class=\"_ _3\"></span>to con il metodo indire<span class=\"_ _3\"></span>tto;<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">viene <span class=\"_ _e\"> </span>prevista <span class=\"_ _e\"> </span>l\u2019eliminazione <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>alcune <span class=\"_ _e\"> </span>opzioni <span class=\"_ _e\"> </span>alternative <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>classificazione <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>voci <span class=\"_ _e\"> </span>del <span class=\"_ _e\"> </span>rendiconto <span class=\"_ _e\"> </span>finanziario </span></span>attualmente ammesse, c<span class=\"_ _3\"></span>ome gli inte<span class=\"ls13\">re<span class=\"_ _5\"></span></span>ssi e i dividendi incass<span class=\"_ _3\"></span>ati e pagati.  Le entit\u00e0, inoltre, sono <span class=\"_ _5\"></span>chiamate a identificare e dare <span class=\"_ _5\"></span>informativa sugli indicatori di performance non previsti dagli Ifrs utilizzati dal management per commenta<span class=\"_ _3\"></span>re gli andamenti economici e finanziari, giustificandoli<span class=\"_ _3\"></span> e riconciliandoli con le voci degli schemi <span class=\"_ _3\"></span>previste dai principi contabili i<span class=\"_ _3\"></span>nternazionali. Il <span class=\"_ _7\"></span>principio, <span class=\"_ _7\"></span>infine, <span class=\"_ _7\"></span>introduce <span class=\"_ _7\"></span>nuovi <span class=\"_ _7\"></span>criteri <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>\u2019aggregazion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>disa<span class=\"_ _5\"></span>ggreg<span class=\"_ _3\"></span>azione <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>informazioni <span class=\"_ _7\"></span>all\u2019interno <span class=\"_ _7\"></span>delle note di commento. M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>l\u2019I<span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>9 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>a<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>\u2019If<span class=\"_ _1\"></span>rs <span class=\"_ _6\"></span>7<span class=\"_ _1\"></span><span class=\"ff1\"> <span class=\"_ _e\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _e\"> </span>Modifiche <span class=\"_ _e\"></span>alla <span class=\"_ _6\"></span>classificazione <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>alla <span class=\"_ _e\"></span>misurazione <span class=\"_ _6\"></span>di <span class=\"_ _e\"> </span>strumenti <span class=\"_ _e\"></span>finanziari. <span class=\"_ _6\"></span>Principio </span>emesso dallo <span class=\"_ _5\"></span>Iasb in<span class=\"_ _5\"></span> data <span class=\"_ _5\"></span>30 <span class=\"_ _5\"></span>maggio 2024 e <span class=\"_ _5\"></span>applicabile dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>gennaio 2026 <span class=\"_ _5\"></span>con applicazione a<span class=\"_ _5\"></span>nticipata consentita.<span class=\"_ _3\"></span> Le modifiche riguard<span class=\"_ _3\"></span>ano in particolare: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">l\u2019eliminazione <span class=\"_ _6\"></span>contabile <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _e\"> </span>finanziar<span class=\"_ _3\"></span>ia <span class=\"_ _6\"> </span>attraverso <span class=\"_ _6\"> </span>siste<span class=\"_ _5\"></span>mi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>pagamento <span class=\"_ _6\"></span>elettronici. <span class=\"_ _d\"> </span><span class=\"ff1\">Viene <span class=\"_ _6\"></span>chiarito </span></span></span>che <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>data <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>regolamento <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>una <span class=\"_ _d\"> </span>passivit\u00e0 <span class=\"_ _e\"> </span>t<span class=\"_ _5\"></span>ramite <span class=\"_ _e\"> </span>pagamenti <span class=\"_ _d\"> </span>elettronici <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _d\"> </span>quella <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _d\"> </span>risulta estinta. <span class=\"ff5\">In <span class=\"_ _5\"></span>presenza di alcuni <span class=\"_ _5\"></span>criteri specifici l\u2019eliminazione contabile pu\u00f2 <span class=\"_ _7\"></span></span>co<span class=\"_ _5\"></span>munque essere rilevata <span class=\"_ _5\"></span>anche prima della consegna di liq<span class=\"_ _3\"></span>uidit\u00e0 alla data di regolamento; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">la <span class=\"_ _6\"></span>classificazione <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>alcune <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>fina<span class=\"_ _3\"></span>nziarie, <span class=\"_ _6\"></span>comprese <span class=\"_ _6\"></span>quelle<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>caratteristiche <span class=\"_ _7\"></span>legate <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fattori <span class=\"_ _6\"></span>ambi<span class=\"_ _3\"></span>entali, </span></span>sociali <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>governance <span class=\"_ _6\"></span>azienda<span class=\"_ _3\"></span>le <span class=\"_ _6\"></span>(Esg), <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>pot<span class=\"_ _3\"></span>rebbero <span class=\"_ _7\"></span>ora <span class=\"_ _6\"></span>soddisfare <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>criteri<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>previsto <span class=\"_ _7\"></span>dall\u2019Ifrs <span class=\"_ _7\"></span>9 <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>Solely payments <span class=\"_ _7\"></span>for <span class=\"_ _6\"></span>princ<span class=\"_ _3\"></span>iple <span class=\"_ _6\"></span>an<span class=\"_ _3\"></span>d <span class=\"_ _7\"></span>interest <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span>Sppi), <span class=\"_ _7\"></span>a <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>ndizione <span class=\"_ _7\"></span>che <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>loro <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>cas<span class=\"_ _3\"></span>sa <span class=\"_ _7\"></span>n<span class=\"_ _5\"></span>on <span class=\"_ _7\"></span>siano <span class=\"_ _7\"></span>significativamente diversi da quelli di un<span class=\"_ _3\"></span>'attivit\u00e0 finanziaria i<span class=\"_ _3\"></span>dentica priva di tale cara<span class=\"_ _3\"></span>tteristica;<span class=\"_ _5\"></span> \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff5 fs1 fc1\">l\u2019informativa <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>bilancio <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>relazione <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>investimenti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>par<span class=\"_ _5\"></span>tecipazioni valutate <span class=\"_ _7\"></span>irrevocabilmen<span class=\"_ _3\"></span>te <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>con </span></span>contropartita <span class=\"_ _6\"> </span>il <span class=\"_ _e\"> </span>conto <span class=\"_ _6\"> </span>economico <span class=\"_ _6\"> </span>comp<span class=\"_ _5\"></span>lessivo,<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>le <span class=\"_ _6\"></span>quali <span class=\"_ _e\"> </span>viene <span class=\"_ _6\"> </span>richiesta <span class=\"_ _e\"> </span>l\u2019indicazione <span class=\"_ _6\"></span>distinta <span class=\"_ _6\"></span>dei <span class=\"_ _e\"> </span>proventi <span class=\"_ _6\"></span>e oneri del periodo r<span class=\"_ _3\"></span>ealizzati per l<span class=\"ff5\">\u2019eventuale</span> cessione di attivit\u00e0 d<span class=\"_ _3\"></span>a quelli derivanti dal<span class=\"_ _3\"></span>la valutazione di fine p<span class=\"_ _3\"></span>eriodo<span class=\"_ _5\"></span>. In <span class=\"_ _5\"></span>data <span class=\"_ _7\"></span>18 <span class=\"_ _5\"></span>lu<span class=\"_ _5\"></span>glio <span class=\"_ _5\"></span><span class=\"ff5\">2024 <span class=\"_ _5\"></span>lo <span class=\"_ _7\"></span>Iasb <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>ubblicato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>documento <span class=\"_ _5\"></span>\u201cMiglioramenti <span class=\"_ _5\"></span>annuali <span class=\"_ _5\"></span>agli <span class=\"_ _7\"></span>International f<span class=\"_ _5\"></span>inancial <span class=\"_ _5\"></span>reporting<span class=\"_ _3\"></span> </span>standard <span class=\"_ _f\"> </span>- <span class=\"_ _f\"> </span><span class=\"ff5\">Volume <span class=\"_ _d\"> </span>11\u201d. <span class=\"_ _f\"> </span>Tali <span class=\"_ _f\"> </span>miglioram<span class=\"_ _3\"></span>enti <span class=\"_ _f\"> </span>comprendono <span class=\"_ _d\"> </span>otto <span class=\"_ _f\"> </span>modifiche <span class=\"_ _d\"> </span>a <span class=\"_ _f\"> </span>cinque <span class=\"_ _f\"> </span>principi <span class=\"_ _d\"> </span>contabili <span class=\"_ _f\"> </span>internazionali<span class=\"_ _3\"></span> </span>esistenti, di seguit<span class=\"_ _3\"></span>o esposte: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">If<span class=\"_ _1\"></span>rs <span class=\"_ _5\"></span>1<span class=\"ff1\"> <span class=\"_ _5\"></span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _7\"></span>Prima <span class=\"_ _7\"></span>adozione <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>International <span class=\"_ _6\"></span>financial <span class=\"_ _5\"></span>reporting <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>tandard. <span class=\"_ _7\"></span>Il <span class=\"_ _7\"></span>miglioramento <span class=\"_ _7\"></span>risolve <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>potenziale </span></span></span>fonte <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>errore <span class=\"_ _10\"> </span>dovuta <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>ll\u2019inconsistenza <span class=\"_ _10\"> </span>dell\u2019Ifrs<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>1 <span class=\"_ _8\"> </span>rispetto <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>requisiti <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>contabilizzazione <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>hedge accounting prevista <span class=\"_ _3\"></span>dall\u2019Ifrs 9 \u201cStrumenti fi<span class=\"_ _3\"></span>nanziari\u201d;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">If<span class=\"_ _1\"></span>rs <span class=\"_ _3\"></span>7<span class=\"ff1\"> <span class=\"_ _3\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> Strumenti finanziari: <span class=\"_ _3\"></span>informativa di bilancio. Lo Iasb ha introdotto t<span class=\"_ _3\"></span>re modifiche: </span></span></span></span></span>\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span></span>uti<span class=\"_ _5\"></span>li <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>perdite <span class=\"_ _5\"></span>contabilizzate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>momento <span class=\"_ _5\"></span>dell\u2019eliminazione <span class=\"_ _5\"></span>contabile. <span class=\"_ _7\"></span><span class=\"ff1\">Il <span class=\"_ _5\"></span>miglioramento <span class=\"_ _5\"></span>risolve <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>otenziale </span>fonte d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>confusione in <span class=\"_ _5\"></span>relazione <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>contabilizzazi<span class=\"_ _3\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>utili <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>perdite al <span class=\"_ _5\"></span>mo<span class=\"_ _5\"></span>ment<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>dell\u2019eliminazione contabile <span class=\"_ _5\"></span>in quanto  <span class=\"ff5\">l\u2019Ifrs  7  presentava  un  riferimento  a  un  paragrafo  ca<span class=\"_ _3\"></span>ncellato  dallo  standard  contabile  al  momento </span>dell\u2019emissione dell\u2019Ifrs <span class=\"_ _3\"></span>13 \u201cValutazione del <span class=\"_ _3\"></span>fair value\u201d;<span class=\"_ _75\"> </span>\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span>informativa <span class=\"_ _e\"> </span>relativa <span class=\"_ _d\"> </span>alle <span class=\"_ _e\"></span>differenze <span class=\"_ _e\"> </span>tra <span class=\"_ _d\"> </span>fair <span class=\"_ _e\"> </span>value <span class=\"_ _d\"> </span>e <span class=\"_ _e\"></span>prezzo <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"></span>transazione. <span class=\"_ _f\"> </span>Il <span class=\"_ _d\"> </span>migliorame<span class=\"_ _3\"></span>nto <span class=\"_ _e\"> </span>corregge <span class=\"_ _d\"> </span>una </span>inconsistenza tra l\u2019Ifr<span class=\"_ _3\"></span>s 7 e la sua guida di imp<span class=\"_ _3\"></span>lementazione;<span class=\"ff1\"> </span>\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span>introduzione <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>informativa <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>bilancio <span class=\"_ _6\"></span>sul <span class=\"_ _e\"> </span>rischio <span class=\"_ _e\"></span>credito. <span class=\"_ _d\"> </span>Il <span class=\"_ _e\"> </span>miglioramento <span class=\"_ _e\"></span>risolve <span class=\"_ _6\"></span>u<span class=\"_ _5\"></span>na <span class=\"_ _e\"></span>potenziale <span class=\"_ _6\"></span>fonte <span class=\"_ _e\"> </span>di </span>confusione <span class=\"_ _6\"></span>chiarendo <span class=\"_ _e\"></span>che <span class=\"_ _6\"></span>la <span class=\"_ _e\"> </span>guida <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>implement<span class=\"_ _3\"></span>azione <span class=\"_ _6\"></span>non <span class=\"_ _e\"> </span>illustra <span class=\"_ _e\"></span>necessariamente <span class=\"_ _6\"></span>tutti <span class=\"_ _e\"></span>i <span class=\"_ _6\"></span>requisiti <span class=\"_ _e\"></span>esplicitati nel<span class=\"ff5 ls0\">l\u2019Ifr<span class=\"_ _3\"></span>s 7, semplificando inoltre <span class=\"_ _3\"></span>alcune spiegazioni.<span class=\"ff1\"> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">If<span class=\"_ _1\"></span>rs <span class=\"_ _3\"></span>9<span class=\"ff1\"> <span class=\"_ _3\"></span><span class=\"ff5\">\u2013<span class=\"ff1\"> Strumenti finanziari. <span class=\"_ _3\"></span>Lo Iasb ha introdotto d<span class=\"_ _3\"></span>ue modifiche: </span></span></span></span></span>\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span>eliminazione <span class=\"_ _f\"> </span>contabile <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>locatore <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>una <span class=\"_ _f\"> </span>passivit\u00e0 <span class=\"_ _f\"> </span>per <span class=\"_ _d\"> </span>leasing.  Il<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>miglioramento <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>isolve <span class=\"_ _d\"> </span>u<span class=\"_ _5\"></span>na </span>potenziale <span class=\"_ _6\"></span>mancanza <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>chiarezza <span class=\"_ _6\"></span>nell\u2019app<span class=\"_ _3\"></span>licazione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>requisiti <span class=\"_ _6\"></span>presenti<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>all\u2019interno <span class=\"_ _6\"></span>dell\u2019Ifrs <span class=\"_ _6\"></span>9 <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lla contabilizzazione da p<span class=\"_ _3\"></span>arte del locatario dell<span class=\"_ _3\"></span>\u2019estinzione di un de<span class=\"_ _3\"></span>bito per leasing;<span class=\"_ _5\"></span><span class=\"ff1\"> </span>\u2013<span class=\"ff1\"> <span class=\"_ _63\"> </span>prezzo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>transazione. <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>miglioramento <span class=\"_ _5\"></span>risolve una <span class=\"_ _5\"></span>fonte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>potenziale <span class=\"_ _5\"></span>confusione d<span class=\"_ _5\"></span>erivante da <span class=\"_ _5\"></span>un <span class=\"_ _7\"></span>richiamo </span>all\u2019interno <span class=\"_ _e\"> </span>dell\u2019Appendice <span class=\"_ _e\"> </span>A <span class=\"_ _e\"> </span>dell\u2019Ifrs <span class=\"_ _d\"> </span>9 <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>definizione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>\u201cprezzo <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>transazione\u201d <span class=\"_ _e\"> </span>presente <span class=\"_ _e\"> </span>nell\u2019Ifrs <span class=\"_ _e\"> </span>1<span class=\"_ _5\"></span>5 <span class=\"_ _e\"> </span>\u201cRicavi provenienti da <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>con i <span class=\"_ _5\"></span>clienti\u201d, in <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>termine \u201cprezzo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>transazione\u201d \u00e8 <span class=\"_ _5\"></span>utilizzato in <span class=\"_ _5\"></span>vari <span class=\"_ _5\"></span>punti dell\u2019Ifrs<span class=\"_ _75\"> </span>9  con  un  significato  che  non  \u00e8  ne<span class=\"_ _3\"></span>cessariamente  consistente  con  la  d<span class=\"_ _3\"></span>efinizione  presente  all\u2019int<span class=\"_ _3\"></span>erno  dello standard Ifrs 15; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">If<span class=\"_ _1\"></span>rs <span class=\"_ _e\"> </span>10<span class=\"ff1\"> <span class=\"_ _d\"> </span><span class=\"ff5\">\u2013<span class=\"_ _5\"></span></span> <span class=\"_ _f\"> </span>Bilancio <span class=\"_ _d\"> </span>consolidato. <span class=\"_ _f\"> </span>Il <span class=\"_ _f\"> </span>miglioramento <span class=\"_ _f\"> </span>risolve <span class=\"_ _d\"> </span>una <span class=\"_ _f\"> </span>fonte <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>potenziale <span class=\"_ _f\"> </span>confusione <span class=\"_ _d\"> </span>causata <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>una </span></span></span>inconsistenza <span class=\"_ _e\"> </span>presente <span class=\"_ _f\"> </span>n<span class=\"ff5\">ell\u2019Ifrs <span class=\"_ _e\"> </span>10 <span class=\"_ _d\"> </span>relativamente <span class=\"_ _e\"> </span>al<span class=\"_ _5\"></span>l\u2019indivi<span class=\"_ _3\"></span>duazione <span class=\"_ _d\"> </span>da <span class=\"_ _e\"> </span>par<span class=\"_ _5\"></span>te <span class=\"_ _e\"> </span>dell\u2019investitore <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>un <span class=\"_ _d\"> </span>agente <span class=\"_ _d\"> </span>\u201cde </span>facto\u201d;<span class=\"ff1\"> </span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">Ia<span class=\"_ _1\"></span>s <span class=\"_ _d\"> </span>7<span class=\"ff1\"> <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013</span> <span class=\"_ _f\"> </span><span class=\"ff5\">Rendiconto <span class=\"_ _d\"> </span>finanziario. <span class=\"_ _d\"> </span>Il  m<span class=\"_ _3\"></span>iglioramento <span class=\"_ _d\"> </span>risolve <span class=\"_ _f\"> </span>una <span class=\"_ _f\"> </span>potenziale <span class=\"_ _d\"> </span>fonte <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>errore <span class=\"_ _d\"> </span>nell<span class=\"_ _5\"></span>\u2019applicazio<span class=\"_ _3\"></span>ne <span class=\"_ _f\"> </span>del </span></span></span></span>paragrafo <span class=\"_ _f\"> </span>37 <span class=\"_ _f\"> </span>dello  Ia<span class=\"_ _3\"></span>s <span class=\"_ _f\"> </span>7  deriv<span class=\"_ _3\"></span>ante <span class=\"_ _f\"> </span>dall\u2019utilizzo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>termine  \u201c<span class=\"_ _3\"></span>metodo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>costo\u201d,  il <span class=\"_ _f\"> </span>quale <span class=\"_ _d\"> </span>n<span class=\"_ _5\"></span>on <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>pi\u00f9  defin<span class=\"_ _3\"></span>ito all\u2019interno degli Int<span class=\"_ _3\"></span>ernational financial rep<span class=\"_ _3\"></span>orting standard.<span class=\"ff1\"> </span>M<span class=\"_ _3\"></span>od<span class=\"_ _1\"></span>ifi<span class=\"_ _3\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span>all<span class=\"_ _1\"></span>\u2019If<span class=\"_ _1\"></span>rs <span class=\"_ _f\"> </span>9  e<span class=\"_ _1\"></span>  a<span class=\"_ _3\"></span>ll<span class=\"_ _3\"></span>\u2019<span class=\"_ _3\"></span>If<span class=\"_ _3\"></span>rs<span class=\"_ _1\"></span>  7<span class=\"ff3\"> <span class=\"_ _f\"> </span><span class=\"ff5\">\u2013<span class=\"ff1\">  Contratti  relativi  ad  acqui<span class=\"_ _3\"></span>sti  di  energia  elettrica<span class=\"_ _3\"></span>  prodotta  da  fonti  rinnova<span class=\"_ _3\"></span>bili. </span></span></span>Documento <span class=\"_ _f\"> </span>emesso <span class=\"_ _f\"> </span>dallo  I<span class=\"_ _3\"></span>asb <span class=\"_ _f\"> </span>in  data <span class=\"_ _f\"> </span>18 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _f\"> </span>2024 <span class=\"_ _f\"> </span>e  applic<span class=\"_ _3\"></span>abile <span class=\"_ _f\"> </span>dal  1\u00b0 <span class=\"_ _f\"> </span>gennaio <span class=\"_ _f\"> </span>2026 <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>applicazione anticipata consentita. Le modifiche riguarda<span class=\"_ _3\"></span>no la necessit\u00e0 di supportare <span class=\"_ _5\"></span>le entit\u00e0 nel rendicontare gli effetti finanziari dei <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>ontratti <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>a<span class=\"_ _5\"></span>cquisto <span class=\"_ _10\"> </span>di <span class=\"_ _8\"> </span>elettricit\u00e0 <span class=\"_ _10\"> </span>prodotta <span class=\"_ _10\"> </span>da <span class=\"_ _8\"> </span>fonti <span class=\"_ _10\"> </span>rinnovabili <span class=\"_ _8\"> </span>(spe<span class=\"_ _3\"></span>sso <span class=\"_ _10\"> </span>s<span class=\"_ _5\"></span>trutturati <span class=\"_ _10\"> </span>come <span class=\"_ _8\"> </span>P<span class=\"_ _3\"></span>ower <span class=\"_ _8\"> </span>Purchas<span class=\"_ _3\"></span>e Agreements). <span class=\"_ _7\"></span>Sulla <span class=\"_ _7\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>tali <span class=\"_ _7\"></span>contratti, <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>quantit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>e<span class=\"_ _5\"></span>lettricit\u00e0 <span class=\"_ _5\"></span>generata <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>cquistata <span class=\"_ _5\"></span>pu\u00f2 <span class=\"_ _6\"></span>vari<span class=\"_ _3\"></span>are <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>b<span class=\"_ _5\"></span>ase <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>fattori non controllabili quali, ad esem<span class=\"_ _3\"></span>pio, le condizioni meteorologic<span class=\"_ _3\"></span>he. Le modifiche riguardano in parti<span class=\"_ _3\"></span>colare: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">chiarimenti <span class=\"ls12\">su</span><span class=\"ff5\">ll\u2019applicazione dei requi<span class=\"_ _3\"></span>siti di \u201cown use\u201d a q<span class=\"_ _3\"></span>uesta tipologia di cont<span class=\"_ _3\"></span>ratti;<span class=\"_ _5\"></span><span class=\"ff1\"> </span></span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">criteri per consentire<span class=\"_ _3\"></span> la contabilizzazione d<span class=\"_ _3\"></span>i tali contratti come <span class=\"_ _3\"></span>strumenti di copertura<span class=\"_ _5\"></span> <span class=\"ls10\">e;</span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">requisiti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>informativ<span class=\"_ _3\"></span>a <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>consentire a<span class=\"_ _5\"></span>gli utilizzatori <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>bilancio di <span class=\"_ _6\"></span>comprendere l'effetto <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>questi contratti <span class=\"_ _5\"></span>sulle </span></span>performance finanziari<span class=\"_ _3\"></span>e e sui flussi di cassa <span class=\"_ _3\"></span>di un\u2019entit\u00e0.<span class=\"ff1\"> </span>Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>ai <span class=\"_ _e\"></span>nuovi <span class=\"_ _6\"></span>principi <span class=\"_ _6\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>nuove <span class=\"_ _e\"></span>modifiche <span class=\"_ _6\"></span>precedentemente <span class=\"_ _6\"></span>esposte, <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>amministratori stanno valutando i p<span class=\"_ _3\"></span>ossibili effetti sul bilan<span class=\"_ _3\"></span>cio consolidato di Gr<span class=\"_ _3\"></span>uppo correlati alla loro<span class=\"_ _3\"></span> introduzione.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "Classificazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>pa<span class=\"_ _3\"></span>ssivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>sensi dell\u2019Ifrs 7<span class=\"ff8\"> </span>La seguente tabella <span class=\"_ _5\"></span>illustra la composizione delle attivit\u00e0 del <span class=\"_ _5\"></span>Gruppo per classe di<span class=\"_ _5\"></span> valutazione<span class=\"_ _7\"></span>. Il fair <span class=\"_ _5\"></span>value delle altre partecipazioni e degli strume<span class=\"_ _3\"></span>nti finanziari derivati, viceversa, \u00e8 dettagliato ri<span class=\"_ _3\"></span>spettivamente nelle note 26 e 29. 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO FAIR VALUE A CONTO ECONOMICO COMPLESSIVO COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 2 2,0 156,0 158,0 Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti \u2010<span class=\"ff2 sc0\"> </span>2,0 156,0 158,0 Crediti commerci<span class=\"_ _3\"></span>ali \u2010<span class=\"ff4\"> </span>3.172,5 3.172,5 Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti \u2010<span class=\"ff4\"> </span>23,1 23,1 Altre attivit\u00e0 2 14,8 \u2010<span class=\"ff4\"> </span>1.384,9 1.399,7 Attivit\u00e0 correnti 14,8 \u2010<span class=\"ff2 sc0\"> </span>4.580,5 4.595,3<span class=\"_ _75\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO FAIR VALUE A CONTO ECONOMICO COMPLESSIVO COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 2 2,0 160,8 162,8 Attivit\u00e0 non correnti<span class=\"_ _3\"></span> \u2010<span class=\"ff2 sc0\"> </span>2,0 149,8 151,8 Crediti commerci<span class=\"_ _3\"></span>ali 3 1,2 3.585,6 3.586,8 Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti 90,9 90,9 Altre attivit\u00e0 2 9,4 12,2 932,2 953,8 Attivit\u00e0 correnti 9,4 13,4 4.608,7 4.631,5 Relativamente ad \u201cAttivit\u00e0 finanziarie non correnti\u201d si rimanda al dettaglio della nota 18.<span class=\"ff1\"> </span>Relativamente ad \u201cAttivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 18, 33, 35 e 37.<span class=\"_ _75\"> </span>La <span class=\"_ _7\"></span>se<span class=\"_ _5\"></span>guent<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>tabell<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>il<span class=\"_ _5\"></span>lustra<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>composizione <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>classe <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valutazio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span>I<span class=\"_ _6\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>egli strumenti derivati \u00e8 dettagliato, v<span class=\"_ _3\"></span>iceversa<span class=\"ls16\">, </span>nella nota 29. 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO ELEMENTI COPERTI (FAIR VALUE HEDGE) COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 2/3 40,9 \u2010<span class=\"ff12\"> </span>4.113,7 4.154,6 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing 54,7 54,7 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti 40,9 \u2010<span class=\"ff2 sc0\"> </span>4.168,4 4.209,3 Debiti commerciali 2.723,9 2.723,9 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 3 254,0 972,7 1.226,7 Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing 24,4 24,4 Altre passivit\u00e0 2 19,3 1.744,9 1.764,2 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti 273,3 \u2010<span class=\"ff2 sc0\"> </span>5.465,9 5.739,2 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO ELEMENTI COPERTI (FAIR VALUE HEDGE) COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 2/3 330,5 128,6 3.962,6 4.421,7 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing 56,8 56,8 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti 330,5 128,6 4.019,4 4.478,5 Debiti commerciali 2.619,3 2.619,3 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 3 13,7 877,1 890,8 Passivit\u00e0 correnti per <span class=\"_ _3\"></span>leasing 24,5 24,5 Altre passivit\u00e0 2 22,5 1.972,4 1.994,9 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti 36,2 \u2010<span class=\"ff2 sc0\"> </span>5.493,3 5.529,5 Relativamente a \u201cPassivit\u00e0 <span class=\"_ _5\"></span>finanziarie non correnti\u201d, la gerarchia del <span class=\"_ _5\"></span>fair value per gli elementi coperti <span class=\"_ _5\"></span>(fair value <span class=\"_ _5\"></span><span class=\"ff1\">hedge) \u00e8 <span class=\"_ _5\"></span>di livello 2 mentre per gli <span class=\"_ _5\"></span>elementi valutati a </span>fair value a conto economico \u00e8 di livello 3. Relativamente a \u201cPassivit\u00e0 non correnti\u201d si rimanda ai dettagli delle note 19 e 22.<span class=\"ff1\"> </span>Relativamente a \u201cPassivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 19, 22, 34<span class=\"ff1\">, 36 e <span class=\"ls1c\">38.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "Classificazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>pa<span class=\"_ _3\"></span>ssivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>sensi dell\u2019Ifrs 7<span class=\"ff8\"> </span>La seguente tabella <span class=\"_ _5\"></span>illustra la composizione delle attivit\u00e0 del <span class=\"_ _5\"></span>Gruppo per classe di<span class=\"_ _5\"></span> valutazione<span class=\"_ _7\"></span>. Il fair <span class=\"_ _5\"></span>value delle altre partecipazioni e degli strume<span class=\"_ _3\"></span>nti finanziari derivati, viceversa, \u00e8 dettagliato ri<span class=\"_ _3\"></span>spettivamente nelle note 26 e 29. 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO FAIR VALUE A CONTO ECONOMICO COMPLESSIVO COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 2 2,0 156,0 158,0 Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti \u2010<span class=\"ff2 sc0\"> </span>2,0 156,0 158,0 Crediti commerci<span class=\"_ _3\"></span>ali \u2010<span class=\"ff4\"> </span>3.172,5 3.172,5 Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti \u2010<span class=\"ff4\"> </span>23,1 23,1 Altre attivit\u00e0 2 14,8 \u2010<span class=\"ff4\"> </span>1.384,9 1.399,7 Attivit\u00e0 correnti 14,8 \u2010<span class=\"ff2 sc0\"> </span>4.580,5 4.595,3<span class=\"_ _75\"> </span> 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO FAIR VALUE A CONTO ECONOMICO COMPLESSIVO COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 2 2,0 160,8 162,8 Attivit\u00e0 non correnti<span class=\"_ _3\"></span> \u2010<span class=\"ff2 sc0\"> </span>2,0 149,8 151,8 Crediti commerci<span class=\"_ _3\"></span>ali 3 1,2 3.585,6 3.586,8 Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti 90,9 90,9 Altre attivit\u00e0 2 9,4 12,2 932,2 953,8 Attivit\u00e0 correnti 9,4 13,4 4.608,7 4.631,5 Relativamente ad \u201cAttivit\u00e0 finanziarie non correnti\u201d si rimanda al dettaglio della nota 18.<span class=\"ff1\"> </span>Relativamente ad \u201cAttivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 18, 33, 35 e 37.<span class=\"_ _75\"> </span>La <span class=\"_ _7\"></span>se<span class=\"_ _5\"></span>guent<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>tabell<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>il<span class=\"_ _5\"></span>lustra<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>composizione <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>classe <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valutazio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span>I<span class=\"_ _6\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>egli strumenti derivati \u00e8 dettagliato, v<span class=\"_ _3\"></span>iceversa<span class=\"ls16\">, </span>nella nota 29. 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO ELEMENTI COPERTI (FAIR VALUE HEDGE) COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 2/3 40,9 \u2010<span class=\"ff12\"> </span>4.113,7 4.154,6 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing 54,7 54,7 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti 40,9 \u2010<span class=\"ff2 sc0\"> </span>4.168,4 4.209,3 Debiti commerciali 2.723,9 2.723,9 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 3 254,0 972,7 1.226,7 Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing 24,4 24,4 Altre passivit\u00e0 2 19,3 1.744,9 1.764,2 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti 273,3 \u2010<span class=\"ff2 sc0\"> </span>5.465,9 5.739,2 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO ELEMENTI COPERTI (FAIR VALUE HEDGE) COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 2/3 330,5 128,6 3.962,6 4.421,7 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing 56,8 56,8 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti 330,5 128,6 4.019,4 4.478,5 Debiti commerciali 2.619,3 2.619,3 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 3 13,7 877,1 890,8 Passivit\u00e0 correnti per <span class=\"_ _3\"></span>leasing 24,5 24,5 Altre passivit\u00e0 2 22,5 1.972,4 1.994,9 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti 36,2 \u2010<span class=\"ff2 sc0\"> </span>5.493,3 5.529,5 Relativamente a \u201cPassivit\u00e0 <span class=\"_ _5\"></span>finanziarie non correnti\u201d, la gerarchia del <span class=\"_ _5\"></span>fair value per gli elementi coperti <span class=\"_ _5\"></span>(fair value <span class=\"_ _5\"></span><span class=\"ff1\">hedge) \u00e8 <span class=\"_ _5\"></span>di livello 2 mentre per gli <span class=\"_ _5\"></span>elementi valutati a </span>fair value a conto economico \u00e8 di livello 3. Relativamente a \u201cPassivit\u00e0 non correnti\u201d si rimanda ai dettagli delle note 19 e 22.<span class=\"ff1\"> </span>Relativamente a \u201cPassivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 19, 22, 34<span class=\"ff1\">, 36 e <span class=\"ls1c\">38.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "Classificazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>pa<span class=\"_ _3\"></span>ssivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>sensi dell\u2019Ifrs 7<span class=\"ff8\"> </span>La seguente tabella <span class=\"_ _5\"></span>illustra la composizione delle attivit\u00e0 del <span class=\"_ _5\"></span>Gruppo per classe di<span class=\"_ _5\"></span> valutazione<span class=\"_ _7\"></span>. Il fair <span class=\"_ _5\"></span>value delle altre partecipazioni e degli strume<span class=\"_ _3\"></span>nti finanziari derivati, viceversa, \u00e8 dettagliato ri<span class=\"_ _3\"></span>spettivamente nelle note 26 e 29. 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO FAIR VALUE A CONTO ECONOMICO COMPLESSIVO COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 2 2,0 156,0 158,0 Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti \u2010<span class=\"ff2 sc0\"> </span>2,0 156,0 158,0 Crediti commerci<span class=\"_ _3\"></span>ali \u2010<span class=\"ff4\"> </span>3.172,5 3.172,5 Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti \u2010<span class=\"ff4\"> </span>23,1 23,1 Altre attivit\u00e0 2 14,8 \u2010<span class=\"ff4\"> </span>1.384,9 1.399,7 Attivit\u00e0 correnti 14,8 \u2010<span class=\"ff2 sc0\"> </span>4.580,5 4.595,3<span class=\"_ _75\"> </span> 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO FAIR VALUE A CONTO ECONOMICO COMPLESSIVO COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 2 2,0 160,8 162,8 Attivit\u00e0 non correnti<span class=\"_ _3\"></span> \u2010<span class=\"ff2 sc0\"> </span>2,0 149,8 151,8 Crediti commerci<span class=\"_ _3\"></span>ali 3 1,2 3.585,6 3.586,8 Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti 90,9 90,9 Altre attivit\u00e0 2 9,4 12,2 932,2 953,8 Attivit\u00e0 correnti 9,4 13,4 4.608,7 4.631,5 Relativamente ad \u201cAttivit\u00e0 finanziarie non correnti\u201d si rimanda al dettaglio della nota 18.<span class=\"ff1\"> </span>Relativamente ad \u201cAttivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 18, 33, 35 e 37.<span class=\"_ _75\"> </span>La <span class=\"_ _7\"></span>se<span class=\"_ _5\"></span>guent<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>tabell<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>il<span class=\"_ _5\"></span>lustra<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>composizione <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>classe <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valutazio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span>I<span class=\"_ _6\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>egli strumenti derivati \u00e8 dettagliato, v<span class=\"_ _3\"></span>iceversa<span class=\"ls16\">, </span>nella nota 29. 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO ELEMENTI COPERTI (FAIR VALUE HEDGE) COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 2/3 40,9 \u2010<span class=\"ff12\"> </span>4.113,7 4.154,6 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing 54,7 54,7 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti 40,9 \u2010<span class=\"ff2 sc0\"> </span>4.168,4 4.209,3 Debiti commerciali 2.723,9 2.723,9 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 3 254,0 972,7 1.226,7 Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing 24,4 24,4 Altre passivit\u00e0 2 19,3 1.744,9 1.764,2 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti 273,3 \u2010<span class=\"ff2 sc0\"> </span>5.465,9 5.739,2 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO ELEMENTI COPERTI (FAIR VALUE HEDGE) COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 2/3 330,5 128,6 3.962,6 4.421,7 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing 56,8 56,8 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti 330,5 128,6 4.019,4 4.478,5 Debiti commerciali 2.619,3 2.619,3 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 3 13,7 877,1 890,8 Passivit\u00e0 correnti per <span class=\"_ _3\"></span>leasing 24,5 24,5 Altre passivit\u00e0 2 22,5 1.972,4 1.994,9 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti 36,2 \u2010<span class=\"ff2 sc0\"> </span>5.493,3 5.529,5 Relativamente a \u201cPassivit\u00e0 <span class=\"_ _5\"></span>finanziarie non correnti\u201d, la gerarchia del <span class=\"_ _5\"></span>fair value per gli elementi coperti <span class=\"_ _5\"></span>(fair value <span class=\"_ _5\"></span><span class=\"ff1\">hedge) \u00e8 <span class=\"_ _5\"></span>di livello 2 mentre per gli <span class=\"_ _5\"></span>elementi valutati a </span>fair value a conto economico \u00e8 di livello 3. Relativamente a \u201cPassivit\u00e0 non correnti\u201d si rimanda ai dettagli delle note 19 e 22.<span class=\"ff1\"> </span>Relativamente a \u201cPassivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 19, 22, 34<span class=\"ff1\">, 36 e <span class=\"ls1c\">38.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "Classificazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>pa<span class=\"_ _3\"></span>ssivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>sensi dell\u2019Ifrs 7<span class=\"ff8\"> </span>La seguente tabella <span class=\"_ _5\"></span>illustra la composizione delle attivit\u00e0 del <span class=\"_ _5\"></span>Gruppo per classe di<span class=\"_ _5\"></span> valutazione<span class=\"_ _7\"></span>. Il fair <span class=\"_ _5\"></span>value delle altre partecipazioni e degli strume<span class=\"_ _3\"></span>nti finanziari derivati, viceversa, \u00e8 dettagliato ri<span class=\"_ _3\"></span>spettivamente nelle note 26 e 29. 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO FAIR VALUE A CONTO ECONOMICO COMPLESSIVO COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti 2 2,0 156,0 158,0 Attivit\u00e0 non corre<span class=\"_ _3\"></span>nti \u2010<span class=\"ff2 sc0\"> </span>2,0 156,0 158,0 Crediti commerci<span class=\"_ _3\"></span>ali \u2010<span class=\"ff4\"> </span>3.172,5 3.172,5 Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti \u2010<span class=\"ff4\"> </span>23,1 23,1 Altre attivit\u00e0 2 14,8 \u2010<span class=\"ff4\"> </span>1.384,9 1.399,7 Attivit\u00e0 correnti 14,8 \u2010<span class=\"ff2 sc0\"> </span>4.580,5 4.595,3<span class=\"_ _75\"> </span> <div class=\"c w2de h123 gsda5\"><div class=\"t m0 x0 h13 yc26 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span></div></div><div class=\"c w2e1 h123 gsda6\"><div class=\"t m0 xa5 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">GERARCHIA  </div><div class=\"t m0 xa5 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE </div></div><div class=\"c w2df h123 gsda7\"><div class=\"t m0 xc0 h13 y158f ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE A </div><div class=\"t m0 xa8 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">CONTO </div><div class=\"t m0 xbc h13 y39 ff2 fs3 fc2 sc0 ls0 ws0\">ECONOMICO </div></div><div class=\"c w2e1 h123 gsda8\"><div class=\"t m0 xc0 h13 yd12 ff2 fs3 fc2 sc0 ls0 ws0\">FAIR VALUE A </div><div class=\"t m0 xa8 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">CONTO </div><div class=\"t m0 xbc h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">ECONOMICO </div><div class=\"t m0 xd h13 y74 ff2 fs3 fc2 sc0 ls0 ws0\">COMPLESSIVO </div></div><div class=\"c w2e0 h123 gsda9\"><div class=\"t m0 xa8 h13 y2fb ff2 fs3 fc2 sc0 ls0 ws0\">COSTO </div><div class=\"t m0 x182 h13 y2fc ff2 fs3 fc2 sc0 ls0 ws0\">AMMORTIZZATO<span class=\"_ _3\"></span> </div></div><div class=\"c w2e1 h123 gsdaa\"><div class=\"t m0 x3 h13 yc26 ff2 fs3 fc2 sc0 ls0 ws0\">TOTALE </div></div><div class=\"c w2de h3c gsdab\"><div class=\"t m0 x0 hf y5c7 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>non correnti </div></div><div class=\"c w2e1 h3c gsdac\"><div class=\"t m0 x99 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">2 </div></div><div class=\"c w2e1 h3c gsdad\"><div class=\"t m0 x94 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">2,0 </div></div><div class=\"c w2e0 h3c gsdae\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">160,8 </div></div><div class=\"c w2e1 h3c gsdaf\"><div class=\"t m0 x30 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">162,8 </div></div><div class=\"c w2de h90 gsdb0\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 non correnti<span class=\"_ _3\"></span> </div></div><div class=\"c w2df h90 gsdb1\"><div class=\"t m0 x7 h13 y66 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2e1 h90 gsdb2\"><div class=\"t m0 x94 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">2,0 </div></div><div class=\"c w2e0 h90 gsdb3\"><div class=\"t m0 x30 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">149,8 </div></div><div class=\"c w2e1 h90 gsdb4\"><div class=\"t m0 x30 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">151,8 </div></div><div class=\"c w2de h3c gsdb5\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Crediti commerci<span class=\"_ _3\"></span>ali </div></div><div class=\"c w2e1 h3c gsdb6\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3 </div></div><div class=\"c w2e1 h3c gsdb7\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1,2 </div></div><div class=\"c w2e0 h3c gsdb8\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.585,6 </div></div><div class=\"c w2e1 h3c gsdb9\"><div class=\"t m0 x4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">3.586,8 </div></div><div class=\"c w2de h3c gsdba\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 finanziarie <span class=\"_ _3\"></span>correnti </div></div><div class=\"c w2e0 h3c gsdbb\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">90,9 </div></div><div class=\"c w2e1 h3c gsdbc\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">90,9 </div></div><div class=\"c w2de h3c gsdbd\"><div class=\"t m0 x0 hf y5d5 ff4 fs3 fc1 sc0 ls0 ws0\">Altre attivit\u00e0 </div></div><div class=\"c w2e1 h3c gsdbe\"><div class=\"t m0 x99 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">2 </div></div><div class=\"c w2df h3c gsdbf\"><div class=\"t m0 x94 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">9,4 </div></div><div class=\"c w2e1 h3c gsdc0\"><div class=\"t m0 xac hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">12,2 </div></div><div class=\"c w2e0 h3c gsdc1\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">932,2 </div></div><div class=\"c w2e1 h3c gsdc2\"><div class=\"t m0 x30 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">953,8 </div></div><div class=\"c w2de h3c gsdc3\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc1 sc0 ls0 ws0\">Attivit\u00e0 correnti </div></div><div class=\"c w2df h3c gsdc4\"><div class=\"t m0 x94 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">9,4 </div></div><div class=\"c w2e1 h3c gsdc5\"><div class=\"t m0 xac h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">13,4 </div></div><div class=\"c w2e0 h3c gsdc6\"><div class=\"t m0 x4 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">4.608,7 </div></div><div class=\"c w2e1 h3c gsdc7\"><div class=\"t m0 x4 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">4.631,5 </div></div><div class=\"c w2 h0 gsdc8\"><div class=\"t m0 x1b h4e ydee ff5 fs8 fc1 sc0 ls0 ws0\">Relativamente ad \u201cAttivit\u00e0 finanziarie non correnti\u201d si rimanda al dettaglio della nota 18.<span class=\"ff1\"> </span></div><div class=\"t m0 x1b h4e y1eb7 ff5 fs8 fc1 sc0 ls0 ws0\">Relativamente ad \u201cAttivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 18, 33, 35 e 37.<span class=\"_ _75\"> </span><span class=\"ff1\"> </span></div></div>La <span class=\"_ _7\"></span>se<span class=\"_ _5\"></span>guent<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>tabell<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>il<span class=\"_ _5\"></span>lustra<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>composizione <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>classe <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>valutazio<span class=\"_ _3\"></span>ne. <span class=\"_ _7\"></span>I<span class=\"_ _6\"></span>l <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>egli strumenti derivati \u00e8 dettagliato, v<span class=\"_ _3\"></span>iceversa<span class=\"ls16\">, </span>nella nota 29. 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO ELEMENTI COPERTI (FAIR VALUE HEDGE) COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 2/3 40,9 \u2010<span class=\"ff12\"> </span>4.113,7 4.154,6 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing 54,7 54,7 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti 40,9 \u2010<span class=\"ff2 sc0\"> </span>4.168,4 4.209,3 Debiti commerciali 2.723,9 2.723,9 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 3 254,0 972,7 1.226,7 Passivit\u00e0 correnti p<span class=\"_ _3\"></span>er leasing 24,4 24,4 Altre passivit\u00e0 2 19,3 1.744,9 1.764,2 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti 273,3 \u2010<span class=\"ff2 sc0\"> </span>5.465,9 5.739,2 31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GERARCHIA  FAIR VALUE FAIR VALUE A CONTO ECONOMICO ELEMENTI COPERTI (FAIR VALUE HEDGE) COSTO AMMORTIZZATO<span class=\"_ _3\"></span> TOTALE Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie non correnti 2/3 330,5 128,6 3.962,6 4.421,7 Passivit\u00e0 non corre<span class=\"_ _3\"></span>nti per leasing 56,8 56,8 Passivit\u00e0 non corr<span class=\"_ _3\"></span>enti 330,5 128,6 4.019,4 4.478,5 Debiti commerciali 2.619,3 2.619,3 Passivit\u00e0 finanzi<span class=\"_ _3\"></span>arie correnti 3 13,7 877,1 890,8 Passivit\u00e0 correnti per <span class=\"_ _3\"></span>leasing 24,5 24,5 Altre passivit\u00e0 2 22,5 1.972,4 1.994,9 Passivit\u00e0 corre<span class=\"_ _3\"></span>nti 36,2 \u2010<span class=\"ff2 sc0\"> </span>5.493,3 5.529,5 Relativamente a \u201cPassivit\u00e0 <span class=\"_ _5\"></span>finanziarie non correnti\u201d, la gerarchia del <span class=\"_ _5\"></span>fair value per gli elementi coperti <span class=\"_ _5\"></span>(fair value <span class=\"_ _5\"></span><span class=\"ff1\">hedge) \u00e8 <span class=\"_ _5\"></span>di livello 2 mentre per gli <span class=\"_ _5\"></span>elementi valutati a </span>fair value a conto economico \u00e8 di livello 3. Relativamente a \u201cPassivit\u00e0 non correnti\u201d si rimanda ai dettagli delle note 19 e 22.<span class=\"ff1\"> </span>Relativamente a \u201cPassivit\u00e0 correnti\u201d si rimanda ai dettagli delle note 13, 19, 22, 34<span class=\"ff1\">, 36 e <span class=\"ls1c\">38.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-67": {
   "value": "Informativa per <span class=\"_ _3\"></span>settori operati<span class=\"_ _3\"></span>vi La r<span class=\"_ _5\"></span>appresentazi<span class=\"_ _3\"></span>one <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>risultati per <span class=\"_ _5\"></span>settori operativi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>effettuata in <span class=\"_ _5\"></span>base a<span class=\"_ _5\"></span>ll\u2019approccio utilizzato dal <span class=\"_ _5\"></span>management per monitorare la perfomance del Gruppo per aree di attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>mogen<span class=\"_ _3\"></span>ee. Costi e attivit\u00e0 nette delle funzioni di supporto al<span class=\"_ _3\"></span> business, in coerenza <span class=\"_ _3\"></span>con il modello di co<span class=\"_ _3\"></span>ntrollo interno, sono <span class=\"_ _3\"></span>attribuiti interamente ai b<span class=\"_ _3\"></span>usiness operativi.<span class=\"_ _5\"></span> Si <span class=\"_ _d\"> </span>segnala <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>management <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>partire <span class=\"_ _d\"> </span>dall<span class=\"_ _5\"></span>\u2019esercizi<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>2024, <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>er <span class=\"_ _d\"> </span>una <span class=\"_ _d\"> </span>pi\u00f9 <span class=\"_ _d\"> </span>coerente <span class=\"_ _f\"> </span>rappresent<span class=\"_ _3\"></span>azione <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>r<span class=\"_ _5\"></span>isultati<span class=\"_ _3\"></span> rispetto <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>dinamiche <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>mercato, <span class=\"_ _6\"></span>ha <span class=\"_ _6\"> </span>esposto <span class=\"_ _6\"> </span>i <span class=\"_ _e\"> </span>risultati <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>illuminazio<span class=\"_ _3\"></span>ne <span class=\"_ _6\"></span>pubblica <span class=\"_ _6\"></span>all\u2019interno <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>settore energia <span class=\"_ _6\"></span>elettrica, <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>precede<span class=\"_ _3\"></span>nte <span class=\"_ _6\"></span>classificazione <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>settore <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>serviz<span class=\"_ _3\"></span>i, <span class=\"_ _6\"></span>procedendo <span class=\"_ _6\"></span>inoltre <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>riesporre <span class=\"_ _6\"></span>gli<span class=\"_ _3\"></span> schemi dei periodi di<span class=\"_ _3\"></span> confronto. Al 31 dicembre 2024 il Grup<span class=\"_ _3\"></span>po Hera \u00e8 organizzato nei segu<span class=\"_ _3\"></span>enti settori operativi: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">G<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span><span class=\"ff1\">: comprende i servizi d<span class=\"_ _3\"></span>i distribuzione e vendit<span class=\"_ _3\"></span>a di gas metano, di tel<span class=\"_ _3\"></span>eriscaldamento e <span class=\"_ _5\"></span>i servizi energia; </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">E<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>el<span class=\"_ _3\"></span>et<span class=\"_ _3\"></span>tr<span class=\"_ _1\"></span>ica<span class=\"_ _3\"></span><span class=\"ff1\">: <span class=\"_ _6\"></span>comprende <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>produzione <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>energia, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>distrib<span class=\"_ _3\"></span>uzione<span class=\"_ _7\"></span><span class=\"ls16\">, <span class=\"_ _6\"></span></span>vendita <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>energia <span class=\"_ _6\"></span>elettrica <span class=\"_ _6\"></span><span class=\"lse\">e </span></span></span></span>illuminazione pubblic<span class=\"_ _3\"></span>a<span class=\"_ _5\"></span>; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">C<span class=\"_ _3\"></span>ic<span class=\"_ _3\"></span>lo<span class=\"_ _1\"></span> i<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>co<span class=\"_ _1\"></span><span class=\"ff1\">: <span class=\"_ _5\"></span>comprende i servizi<span class=\"_ _3\"></span> di acquedotto, depura<span class=\"_ _3\"></span>zione e fognatura; </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">A<span class=\"_ _3\"></span>mb<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>te<span class=\"ff1\">: comprende i<span class=\"_ _3\"></span> servizi di raccolta, tr<span class=\"_ _3\"></span>attamento, recupero e <span class=\"_ _3\"></span>smaltimento dei rifiuti; <span class=\"_ _5\"></span> </span></span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"ff3 fs1 fc1\">A<span class=\"_ _3\"></span>lt<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> se<span class=\"_ _1\"></span>rvi<span class=\"_ _3\"></span>zi<span class=\"_ _1\"></span><span class=\"ff1 ls16\">: <span class=\"ls0\">comprende le telecomunicazi<span class=\"_ _3\"></span>oni e altri servizi mino<span class=\"_ _3\"></span>ri.<span class=\"_ _75\"> </span></span></span></span></span>Si riportano le attivit<span class=\"_ _3\"></span>\u00e0 e passivit\u00e0 per settor<span class=\"_ _3\"></span>e operativo<span class=\"_ _5\"></span> relative agli es<span class=\"_ _3\"></span>ercizi 2024 e 2023: 31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span>GAS ENERGIA ELETTRICA CICLO IDRICO AMBIENTE ALTRI SERVIZI TOTALE Esercizio corre<span class=\"_ _3\"></span>nte Asset (tangibili e inta<span class=\"_ _3\"></span>ngibili) 2.106,5 846,8 2.620,4 1.515,9 101,0 7.190,6 Avviamento 493,5 91,2 42,7 284,9 20,7 933,0 Partecipazioni 66,3 11,1 52,3 44,8 0,1 174,6 Attivit\u00e0 immobiliz<span class=\"_ _3\"></span>zate non attribuite 198,1 Immobilizzazioni n<span class=\"_ _3\"></span>ette 2.666,3 949,1 2.715,4 1.845,6 121,8 8.496,3 Capitale circolante <span class=\"_ _3\"></span>netto attribuito 152,2 73,7 (0,6) 68,7 (24,8) 269,2 Capitale circolante <span class=\"_ _3\"></span>netto non attribuito (41,9) Capitale circolant<span class=\"_ _3\"></span>e netto 152,2 73,7 (0,6) 68,7 (24,8) 227,3 Fondi diversi (229,1) (68,5) (169,3) (302,4) (3,8) (773,1) Capitale investito <span class=\"_ _3\"></span>netto 2.589,4 954,3 2.545,5 1.611,9 93,2 7.950,5<span class=\"_ _75\"> </span>31<span class=\"ls0\">-DIC-<span class=\"ls3\">23</span> </span>GAS ENERGIA ELETTRICA CICLO IDRICO AMBIENTE ALTRI SERVIZI TOTALE Esercizio preced<span class=\"_ _3\"></span>ente Asset (tangibili e inta<span class=\"_ _3\"></span>ngibili) 2.043,2 792,1 2.466,6 1.464,7 103,0 6.869,6 Avviamento 493,5 91,2 42,7 260,6 20,7 908,7 Partecipazioni 96,6 42,4 16,0 40,5 \u2010<span class=\"ff4\"> </span>195,5 Attivit\u00e0 immobiliz<span class=\"_ _3\"></span>zate non attribuite 145,3 Immobilizzazioni n<span class=\"_ _3\"></span>ette 2.633,3 884,3 2.525,3 1.765,8 165,1 8.119,1 Capitale circolante <span class=\"_ _3\"></span>netto attribuito 460,9 (172,5) (56,4) 14,7 (23,0) 223,7 Capitale circolante <span class=\"_ _3\"></span>netto non attribuito (57,7) Capitale circolant<span class=\"_ _3\"></span>e netto 460,9 (177,8) (56,4) 14,7 (17,7) 166,0 Fondi diversi (216,7) (43,0) (153,3) (289,1) (3,8) (705,9) Capitale investito <span class=\"_ _3\"></span>netto 2.877,5 665,3 2.315,6 1.491,4 141,8 7.579,2 Rounding / Adjust<span class=\"_ _3\"></span>ment Si riportano le principali misure <span class=\"_ _3\"></span>di risultato per settor<span class=\"_ _3\"></span>e opera<span class=\"_ _5\"></span>tivo relativ<span class=\"_ _3\"></span>e agli esercizi 2024 <span class=\"_ _3\"></span>e 2023: 2024 GAS ENERGIA ELETTRICA CICLO IDRICO AMBIENTE ALTRI SERVIZI STRUTTURA TOTALE Esercizio corre<span class=\"_ _3\"></span>nte Ricavi diretti 5.571,8 4.709,9 1.084,4 1.605,9 47,4 25,0 13.044,4 Ricavi infra-cicli 224,2 223,6 7,4 117,9 52,6 106,9 732,7 Totale ricavi diretti<span class=\"_ _3\"></span> 5.796,0 4.933,4 1.091,8 1.723,8 100,1 131,9 13.777,1 Ricavi indiretti 13,0 5,8 71,1 42,4 (0,3) (131,9) \u2010<span class=\"ff4\"> </span>Ricavi totali 5.809,0 4.939,3 1.162,8 1.766,2 99,8 \u2010<span class=\"ff2 sc0\"> </span>13.777,1 Margine operativ<span class=\"_ _3\"></span>o lordo 571,4 322,0 297,1 367,0 30,1 \u2010<span class=\"ff2 sc0\"> </span>1.587,6 Ammortamenti e ac<span class=\"_ _3\"></span>cantonamenti diretti 183,1 151,2 123,0 187,3 17,5 95,5 757,7 Ammortamenti e ac<span class=\"_ _3\"></span>cantonamenti indiretti 11,8 12,6 37,4 33,6 0,2 (95,5) \u2010<span class=\"ff4\"> </span>Ammortamenti <span class=\"_ _3\"></span>e accantonamenti totali 194,9 163,9 160,4 220,8 17,7 \u2010<span class=\"ff2 sc0\"> </span>757,7 Risultato operativ<span class=\"_ _3\"></span>o 376,5 158,2 136,7 146,2 12,4 \u2010<span class=\"ff2 sc0\"> </span>829,9<span class=\"_ _75\"> </span>2023 GAS ENERGIA ELETTRICA CICLO IDRICO AMBIENTE ALTRI SERVIZI STRUTTURA TOTALE Esercizio preced<span class=\"_ _3\"></span>ente Ricavi diretti 8.421,2 4.583,4 999,2 1.555,3 39,5 (33,5) 15.565,1 Ricavi infra-cicli 120,0 235,4 5,4 137,3 50,9 165,0 714,2 Totale ricavi diretti<span class=\"_ _3\"></span> 8.541,3 4.818,8 1.004,6 1.692,6 90,4 131,6 16.279,3 Ricavi indiretti 15,8 6,7 63,3 45,3 0,5 (131,6) \u2010<span class=\"ff4\"> </span>Ricavi totali 8.557,1 4.825,5 1.067,9 1.737,9 90,9 \u2010<span class=\"ff2 sc0\"> </span>16.279,3 Margine operativ<span class=\"_ _3\"></span>o lordo 609,9 326,3 271,4 353,4 26,7 \u2010<span class=\"ff2 sc0\"> </span>1.587,7 Ammortamenti e ac<span class=\"_ _3\"></span>cantonamenti diretti 211,3 126,5 109,4 200,2 16,8 89,4 753,7 Ammortamenti e ac<span class=\"_ _3\"></span>cantonamenti indiretti 10,0 5,2 41,4 32,6 0,2 (89,4) \u2010<span class=\"ff4\"> </span>Ammortamenti <span class=\"_ _3\"></span>e accantonamenti totali 221,3 131,7 150,8 232,9 17,0 \u2010<span class=\"ff2 sc0\"> </span>753,7 Risultato operativ<span class=\"_ _3\"></span>o 388,6 194,6 120,6 120,6 9,7 \u2010<span class=\"ff2 sc0\"> </span>834,0 Come <span class=\"_ _7\"></span>ampiamente <span class=\"_ _5\"></span>descritto <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>relazione <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>gestione, <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>margine <span class=\"_ _7\"></span>operativo <span class=\"_ _5\"></span>lordo <span class=\"_ _e\"></span>del <span class=\"_ _5\"></span>settore <span class=\"_ _7\"></span>operativo <span class=\"_ _7\"></span>gas <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>stato oggetto <span class=\"_ _6\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>icembre <span class=\"_ _6\"></span>2023 <span class=\"_ _e\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _e\"></span>rettifica <span class=\"_ _6\"></span>ai <span class=\"_ _e\"> </span>fini <span class=\"_ _e\"></span>gestionali <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>commentare <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>suo <span class=\"_ _e\"></span>andamento <span class=\"_ _6\"></span>del <span class=\"_ _e\"></span>periodo. <span class=\"_ _e\"></span>Nel<span class=\"_ _3\"></span> capitolo 1.06 <span class=\"_ _5\"></span>\u201cAnalisi per <span class=\"_ _5\"></span>aree <span class=\"_ _5\"></span>strategiche d\u2019affari\u201d, a <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>fare r<span class=\"_ _5\"></span>iferimento per <span class=\"_ _5\"></span>la sua <span class=\"_ _5\"></span>comprensione delle <span class=\"_ _5\"></span>dinamiche di business, \u00e8 esposto il <span class=\"_ _3\"></span>valore contenente la<span class=\"_ _3\"></span> rettifica sulla valori<span class=\"_ _3\"></span>zzazione delle giacen<span class=\"_ _3\"></span>ze di gas.<span class=\"_ _5\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "La r<span class=\"_ _5\"></span>appresentazi<span class=\"_ _3\"></span>one <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>risultati per <span class=\"_ _5\"></span>settori operativi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>effettuata in <span class=\"_ _5\"></span>base a<span class=\"_ _5\"></span>ll\u2019approccio utilizzato dal <span class=\"_ _5\"></span>management per monitorare la perfomance del Gruppo per aree di attivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _5\"></span>mogen<span class=\"_ _3\"></span>ee. Costi e attivit\u00e0 nette delle funzioni di supporto al<span class=\"_ _3\"></span> business, in coerenza <span class=\"_ _3\"></span>con il modello di co<span class=\"_ _3\"></span>ntrollo interno, sono <span class=\"_ _3\"></span>attribuiti interamente ai b<span class=\"_ _3\"></span>usiness operativi.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-438": {
   "value": "<div class=\"c w2 h0 gseff\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h41 y12e ff2 fs9 fc3 sc0 ls0 ws0\">2.03<span class=\"fc2\"> <span class=\"_ _9\"> </span></span>- <span class=\"_ _9\"> </span>SCHEM<span class=\"_ _5\"></span>I <span class=\"_ _23\"> </span>DI <span class=\"_ _9\"> </span>BILANCIO<span class=\"_ _5\"></span> <span class=\"_ _9\"> </span>AI <span class=\"_ _23\"> </span>SENSI <span class=\"_ _9\"> </span>DELLA <span class=\"_ _23\"> </span>DELIBERA </div><div class=\"t m0 x1b h41 y12f ff2 fs9 fc3 sc0 ls0 ws0\">CONSOB 15519/2006 </div><div class=\"t m0 x1b h3 y130 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y408 ff1 fs1 fc1 sc0 ls0 ws0\">Vengono <span class=\"_ _f\"> </span>di<span class=\"_ _5\"></span> <span class=\"_ _f\"> </span>seguito  rip<span class=\"_ _3\"></span>ortati,  i<span class=\"_ _3\"></span>n  coeren<span class=\"_ _3\"></span>za  c<span class=\"_ _3\"></span>on  le <span class=\"_ _f\"> </span>relative  pol<span class=\"_ _3\"></span>icy  di <span class=\"_ _4\"> </span>Gruppo, <span class=\"_ _f\"> </span>i  rapporti <span class=\"_ _f\"> </span>economici,  pa<span class=\"_ _3\"></span>trimoniali <span class=\"_ _f\"> </span>e </div><div class=\"t m0 x1b h3 y17f7 ff1 fs1 fc1 sc0 ls0 ws0\">finanziari in essere a<span class=\"_ _3\"></span>l 31 dicembre 2024 e relativo periodo di <span class=\"_ _3\"></span>confronto con parti correlate. </div><div class=\"t m0 x1b h3 y1ecd ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1ece ff1 fs1 fc1 sc0 ls0 ws0\">La Procedura per le oper<span class=\"_ _3\"></span>azioni con parti c<span class=\"_ _3\"></span>orrelate<span class=\"_ _5\"></span> \u00e8 presente su<span class=\"_ _3\"></span>l sito del Gruppo Hera al link:  </div><div class=\"t m0 x1b h2 ye1c ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y17ea ff1 fs0 fc1e sc0 ls0 ws0\">https://www.gruppohera.it/gruppo/governance/sistema-<span class=\"ls5b\">di</span>-governance/politiche-e-procedure<span class=\"fc0\"> </span></div><div class=\"t m0 x1b h3 y1bde ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h43 y1ecf ff5 fs1 fc1 sc0 ls0 ws0\">Per <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>riguarda <span class=\"_ _5\"></span>l\u2019informativa <span class=\"_ _5\"></span>sulle <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>maggiore <span class=\"_ _5\"></span>rilevanza <span class=\"_ _5\"></span>previste <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>delibera Consob <span class=\"_ _7\"></span>n. <span class=\"_ _5\"></span>17221 <span class=\"_ _5\"></span>del </div><div class=\"t m0 x1b h3 y1351 ff1 fs1 fc1 sc0 ls0 ws0\">12 <span class=\"_ _e\"></span>marzo <span class=\"_ _6\"></span>2010 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>successive <span class=\"_ _6\"></span>modifiche <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>integrazioni, <span class=\"_ _6\"></span>si <span class=\"_ _e\"> </span>segnala <span class=\"_ _e\"></span>che <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>partire <span class=\"_ _e\"></span>dal <span class=\"_ _6\"></span>1<span class=\"_ _5\"></span>\u00b0 <span class=\"_ _6\"></span>gennaio <span class=\"_ _e\"></span>2024 <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _e\"> </span>entrato <span class=\"_ _e\"></span>in </div><div class=\"t m0 x1b h3 y1ed0 ff1 fs1 fc1 sc0 ls0 ws0\">vigore <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>nu<span class=\"_ _3\"></span>ovo <span class=\"_ _7\"></span>contratto <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>fo<span class=\"_ _5\"></span>rnitura <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ll'ingrosso <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>Hera <span class=\"_ _6\"></span>Spa <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>acqua <span class=\"_ _6\"></span>potabil<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>usi <span class=\"_ _7\"></span>civili <span class=\"_ _7\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>Romagna </div><div class=\"t m0 x1b h3 y1634 ff1 fs1 fc1 sc0 ls0 ws0\">Acque <span class=\"_ _7\"></span><span class=\"ff5\">\u2013</span> <span class=\"_ _7\"></span>Societ\u00e0 <span class=\"_ _7\"></span>delle <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>onti <span class=\"_ _6\"></span>S<span class=\"_ _3\"></span>pa. <span class=\"_ _7\"></span>Il <span class=\"_ _7\"></span>contratto, <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>durata <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>4 <span class=\"_ _6\"></span>anni, <span class=\"_ _5\"></span>prevede <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>controvalore <span class=\"_ _7\"></span>annuo <span class=\"_ _7\"></span>st<span class=\"_ _5\"></span>imato<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>48,<span class=\"_ _3\"></span>5 </div><div class=\"t m0 x1b h3 y1ed1 ff1 fs1 fc1 sc0 ls0 ws0\">milioni di euro. </div><div class=\"t m0 x1b h3 ye22 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y1c99 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yf63 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 yef6 ff1 fs1 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h3 y5b ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w1c3 h2bf gsf01\"><div class=\"t m0 x1 h3b y1ed5 ff1 fs7 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x1 hb y1ed6 ff1 fs3 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x1 hb y1ed7 ff1 fs3 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x1 h42 y1ed8 ff8 fsa fc2 sc0 lsb ws0\">2.03.01 <span class=\"ls0\">- Conto <span class=\"_ _3\"></span>economico ai <span class=\"_ _3\"></span>sensi della delib<span class=\"_ _3\"></span>era Consob 155<span class=\"_ _3\"></span>19/2006 </span></div><div class=\"t m0 x4e h4e y1ed9 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w1c3 h2bf gsf03\"><div class=\"t m0 x1 h3b y1ee9 ff1 fs7 fc11 sc0 ls0 ws0\"> </div><div class=\"t m0 x1 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1 h42 y1eea ff8 fsa fc2 sc0 lsb ws0\">2.03.02 <span class=\"ls0\">- Situazi<span class=\"_ _3\"></span>one patrimonial<span class=\"_ _3\"></span>e-finanziaria ai sen<span class=\"_ _3\"></span>si della deli<span class=\"_ _3\"></span>bera Consob 15<span class=\"_ _3\"></span>519/2006 </span></div><div class=\"t m0 x1 h4e y1eeb ff1 fs8 fc1 sc0 ls0 ws0\"> </div><div class=\"t m0 x1 h4e y1eec ff1 fs8 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w2 h0 gsf05\"><div class=\"t m0 x1b h2 yec ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 y5 ff1 fs0 fc8 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1b h42 y477 ff8 fsa fc2 sc0 ls0 ws0\">2.03.03 <span class=\"_ _8\"> </span>- <span class=\"_ _8\"> </span>Rendiconto <span class=\"_ _8\"> </span>finanziario <span class=\"_ _8\"> </span>ai <span class=\"_ _8\"> </span>sensi <span class=\"_ _8\"> </span>della <span class=\"_ _8\"> </span>delibera </div><div class=\"t m0 x1b h42 y1f12 ff8 fsa fc2 sc0 ls0 ws0\">Consob 15519/2<span class=\"_ _3\"></span>006 </div><div class=\"t m0 x1b h4e y1f13 ff1 fs8 fc0 sc0 ls0 ws0\"> </div></div><div class=\"c w10a h3c gsf06\"><div class=\"t m0 x64 h13 y5c7 ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c wd3 h3c gsf07\"><div class=\"t m0 x0 h13 y5c7 ff2 fs3 fc2 sc0 ls0 ws0\">DI CUI PARTI C<span class=\"_ _3\"></span>ORRELATE </div></div><div class=\"c wd2 h3c gsf08\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Risultato ante i<span class=\"_ _3\"></span>mposte </div></div><div class=\"c w10a h3c gsf09\"><div class=\"t m0 x54 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">736,2 </div></div><div class=\"c wd2 h3c gsf0a\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Rettifiche per ri<span class=\"_ _3\"></span>condurre l'utile netto <span class=\"_ _3\"></span>al flusso di cassa da attivit<span class=\"_ _3\"></span>\u00e0 operative </div></div><div class=\"c wd2 h3c gsf0b\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Ammortamenti e perdit<span class=\"_ _3\"></span>e di valore di attivit<span class=\"_ _3\"></span>\u00e0 </div></div><div class=\"c w10a h3c gsf0c\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">563,4 </div></div><div class=\"c wd2 h3c gsf0d\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Accantonamenti ai fo<span class=\"_ _3\"></span>ndi </div></div><div class=\"c w10a h3c gsf0e\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">194,3 </div></div><div class=\"c wd2 h3c gsf0f\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Effetto valutazio<span class=\"_ _3\"></span>ne con il metodo del patri<span class=\"_ _3\"></span>monio netto </div></div><div class=\"c w10a h3c gsf10\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(12,3) </div></div><div class=\"c wd2 h3c gsf11\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(Proventi) oneri f<span class=\"_ _3\"></span>inanziari </div></div><div class=\"c w10a h3c gsf12\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">106,0 </div></div><div class=\"c wd2 h3c gsf13\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(Plusvalenze) minu<span class=\"_ _3\"></span>svalenze e altri eleme<span class=\"_ _3\"></span>nti non monetari </div></div><div class=\"c w10a h3c gsf14\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(1,2) </div></div><div class=\"c wd2 h3c gsf15\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Variazione fondi </div></div><div class=\"c w10a h3c gsf16\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(<span class=\"ls1\">34</span>,9) </div></div><div class=\"c wd2 h3c gsf17\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Variazione fondi per <span class=\"_ _3\"></span>benefici ai dipend<span class=\"_ _3\"></span>enti </div></div><div class=\"c w10a h3c gsf18\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(10,0) </div></div><div class=\"c wd2 h95 gsf19\"><div class=\"t m0 x0 h13 ye6c ff2 fs3 fc1 sc0 ls0 ws0\">Totale <span class=\"_ _7\"></span>disponibilit\u00e0 <span class=\"_ _7\"></span>liquide <span class=\"_ _6\"></span>gener<span class=\"_ _3\"></span>ate <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>ima <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>variazioni <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>capit<span class=\"_ _3\"></span>ale <span class=\"_ _6\"></span>circo<span class=\"_ _3\"></span>lante </div><div class=\"t m0 x0 h13 ye6d ff2 fs3 fc1 sc0 ls0 ws0\">netto </div></div><div class=\"c w10a h95 gsf1a\"><div class=\"t m0 x23 h13 ya91 ff2 fs3 fc1 sc0 ls0 ws0\">1.5<span class=\"ls1\">41</span>,5<span class=\"_ _3\"></span> </div></div><div class=\"c wd2 h3c gsf1b\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(Incremento) decre<span class=\"_ _3\"></span>mento di rimanenze </div></div><div class=\"c w10a h3c gsf1c\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">39,5 </div></div><div class=\"c wd2 h3c gsf1d\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(Incremento) decre<span class=\"_ _3\"></span>mento di crediti comm<span class=\"_ _3\"></span>erciali </div></div><div class=\"c w10a h3c gsf1e\"><div class=\"t m0 xf4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(800,9) </div></div><div class=\"c wd3 h3c gsf1f\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(3,7) </div></div><div class=\"c wd2 h3c gsf20\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Incremento (decreme<span class=\"_ _3\"></span>nto) di debiti comme<span class=\"_ _3\"></span>rciali </div></div><div class=\"c w10a h3c gsf21\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(49,0) </div></div><div class=\"c wd3 h3c gsf22\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">17,2 </div></div><div class=\"c wd2 h3c gsf23\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Incremento/decr<span class=\"_ _3\"></span>emento delle altre attivit<span class=\"_ _3\"></span>\u00e0/passivit\u00e0 correnti,<span class=\"_ _3\"></span> compresi contratti c<span class=\"_ _3\"></span>on clienti </div></div><div class=\"c w10a h3c gsf24\"><div class=\"t m0 x54 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4<span class=\"ls3\">38</span>,2 </div></div><div class=\"c wd3 h3c gsf25\"><div class=\"t m0 xf0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4,5 </div></div><div class=\"c wd2 h3c gsf26\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Variazione capital<span class=\"_ _3\"></span>e circolante </div></div><div class=\"c w10a h3c gsf27\"><div class=\"t m0 xf4 h13 y70 ff2 fs3 fc1 sc0 ls39 ws0\">(3<span class=\"ls3\">72<span class=\"ls0\">,2) </span></span></div></div><div class=\"c wd2 h3c gsf28\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Dividendi incass<span class=\"_ _3\"></span>ati </div></div><div class=\"c w10a h3c gsf29\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">12,8 </div></div><div class=\"c wd3 h3c gsf2a\"><div class=\"t m0 xf0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">6,4 </div></div><div class=\"c wd2 h3c gsf2b\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Interessi attivi e altri pr<span class=\"_ _3\"></span>oventi finanziari in<span class=\"_ _3\"></span>cassati </div></div><div class=\"c w10a h3c gsf2c\"><div class=\"t m0 xe6 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">56,8 </div></div><div class=\"c wd3 h3c gsf2d\"><div class=\"t m0 xf0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">4,5 </div></div><div class=\"c wd2 h3c gsf2e\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Interessi passivi, o<span class=\"_ _3\"></span>neri netti su derivati e <span class=\"_ _3\"></span>altri oneri finanziari <span class=\"_ _3\"></span>pagati </div></div><div class=\"c w10a h3c gsf2f\"><div class=\"t m0 xf4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(192,6) </div></div><div class=\"c wd3 h3c gsf30\"><div class=\"t m0 x72 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(0,3) </div></div><div class=\"c wd2 h3c gsf31\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Imposte pagate </div></div><div class=\"c w10a h3c gsf32\"><div class=\"t m0 xf4 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">(193,3) </div></div><div class=\"c wd2 h3c gsf33\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 liq<span class=\"_ _3\"></span>uide generate (assor<span class=\"_ _3\"></span>bite) dall'attivit\u00e0 o<span class=\"_ _3\"></span>perativa (a) </div></div><div class=\"c w10a h3c gsf34\"><div class=\"t m0 x54 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">853,0 </div></div><div class=\"c wd2 h3c gsf35\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Investimenti in imm<span class=\"_ _3\"></span>obili, impianti e mac<span class=\"_ _3\"></span>chinari </div></div><div class=\"c w10a h3c gsf36\"><div class=\"t m0 xf4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(282,1) </div></div><div class=\"c wd2 h3c gsf37\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Investimenti in attivit\u00e0 im<span class=\"_ _3\"></span>materiali </div></div><div class=\"c w10a h3c gsf38\"><div class=\"t m0 xf4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(578,2) </div></div><div class=\"c wd2 h98 gsf39\"><div class=\"t m0 x0 hf y1f19 ff4 fs3 fc1 sc0 ls0 ws0\">Investimenti in impr<span class=\"_ _3\"></span>ese controllate e rami <span class=\"_ _3\"></span>aziendali al netto delle di<span class=\"_ _3\"></span>sponibilit\u00e0 liquide </div></div><div class=\"c w10a h98 gsf3a\"><div class=\"t m0 x54 hf y1f19 ff4 fs3 fc1 sc0 ls0 ws0\">(33,1) </div></div><div class=\"c wd2 h3c gsf3b\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Prezzo di cessione di im<span class=\"_ _3\"></span>mobilizzazioni m<span class=\"_ _3\"></span>ateriali e immateri<span class=\"_ _3\"></span>ali </div></div><div class=\"c w10a h3c gsf3c\"><div class=\"t m0 xf0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">8,0 </div></div><div class=\"c wd2 h3c gsf3d\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(Incremento) decre<span class=\"_ _3\"></span>mento di altre attivit<span class=\"_ _3\"></span>\u00e0 d'investimento </div></div><div class=\"c w10a h3c gsf3e\"><div class=\"t m0 xe6 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">81,2 </div></div><div class=\"c wd3 h3c gsf3f\"><div class=\"t m0 xe6 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">11,2 </div></div><div class=\"c wd2 h3c gsf40\"><div class=\"t m0 x0 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 ge<span class=\"_ _3\"></span>nerate (assorbite) <span class=\"_ _3\"></span>dall'attivit\u00e0 di investim<span class=\"_ _3\"></span>ento (b) </div></div><div class=\"c w10a h3c gsf41\"><div class=\"t m0 xf4 h13 y66 ff2 fs3 fc1 sc0 ls0 ws0\">(804,6) </div></div><div class=\"c wd2 h90 gsf42\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Nuove emissioni di <span class=\"_ _3\"></span>debiti finanziari a lun<span class=\"_ _3\"></span>go termine </div></div><div class=\"c w10a h90 gsf43\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">471,1 </div></div><div class=\"c wd2 h90 gsf44\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Rimborsi di debiti f<span class=\"_ _3\"></span>inanziari non corr<span class=\"_ _3\"></span>enti </div></div><div class=\"c w10a h90 gsf45\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(7,9) </div></div><div class=\"c wd2 h90 gsf46\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Rimborsi e altre <span class=\"_ _3\"></span>variazioni nette di debiti <span class=\"_ _3\"></span>finanziari </div></div><div class=\"c w10a h90 gsf47\"><div class=\"t m0 xf4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(252,9) </div></div><div class=\"c wd3 h90 gsf48\"><div class=\"t m0 xf0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">3,5 </div></div><div class=\"c wd2 h90 gsf49\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Rimborsi di passivit<span class=\"_ _3\"></span>\u00e0 per leasing </div></div><div class=\"c w10a h90 gsf4a\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(20,6) </div></div><div class=\"c wd3 h90 gsf4b\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c wd2 h90 gsf4c\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Acquisto quote di part<span class=\"_ _3\"></span>ecipazioni in impre<span class=\"_ _3\"></span>se consolidate </div></div><div class=\"c w10a h90 gsf4d\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c wd2 h90 gsf4e\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Aumento capital<span class=\"_ _3\"></span>e sociale minoranze </div></div><div class=\"c w10a h90 gsf4f\"><div class=\"t m0 xf0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">1,3 </div></div><div class=\"c wd2 h90 gsf50\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">Dividendi pagati ad a<span class=\"_ _3\"></span>zionisti Hera e int<span class=\"_ _3\"></span>eressenze di minor<span class=\"_ _3\"></span>anza </div></div><div class=\"c w10a h90 gsf51\"><div class=\"t m0 xf4 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(248,8) </div></div><div class=\"c wd3 h90 gsf52\"><div class=\"t m0 x54 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(79,5) </div></div><div class=\"c wd2 h90 gsf53\"><div class=\"t m0 x0 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(Investimenti) disin<span class=\"_ _3\"></span>vestimenti in azioni <span class=\"_ _3\"></span>proprie  </div></div><div class=\"c w10a h90 gsf54\"><div class=\"t m0 x72 hf y66 ff4 fs3 fc1 sc0 ls0 ws0\">(6,5) </div></div><div class=\"c wd2 h3c gsf55\"><div class=\"t m0 x0 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 ge<span class=\"_ _3\"></span>nerate (assorbite) <span class=\"_ _3\"></span>dall'attivit\u00e0 di finanzi<span class=\"_ _3\"></span>amento (c) </div></div><div class=\"c w10a h3c gsf56\"><div class=\"t m0 x54 h13 y70 ff2 fs3 fc1 sc0 ls0 ws0\">(65,6) </div></div><div class=\"c wd2 h98 gsf57\"><div class=\"t m0 x0 h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">Incremento (de<span class=\"_ _3\"></span>cremento) disponi<span class=\"_ _3\"></span>bilit\u00e0 liquide (a+b+c) </div></div><div class=\"c w10a h98 gsf58\"><div class=\"t m0 x54 h13 y15f1 ff2 fs3 fc1 sc0 ls0 ws0\">(17,2) </div></div><div class=\"c wd2 h3c gsf59\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 liquide e <span class=\"_ _3\"></span>mezzi equivalenti all<span class=\"_ _3\"></span>'inizio dell'esercizio </div></div><div class=\"c w10a h3c gsf5a\"><div class=\"t m0 x23 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.332,8 </div></div><div class=\"c wd2 h3c gsf5b\"><div class=\"t m0 x0 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 liquide e <span class=\"_ _3\"></span>mezzi equivalenti all<span class=\"_ _3\"></span>a fine dell'eser<span class=\"_ _3\"></span>cizio </div></div><div class=\"c w10a h3c gsf5c\"><div class=\"t m0 x23 hf y70 ff4 fs3 fc1 sc0 ls0 ws0\">1.315,6 </div></div><div class=\"c w2 h0 gsf5e\"><div class=\"t m0 x23 h2 yec ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 y5 ff1 fs0 fc4 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h2 ydf ff1 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x23 h42 y477 ff8 fsa fc2 sc0 lsb ws0\">2.03.04 <span class=\"_ _10\"> </span><span class=\"ls0\">- <span class=\"_ _8\"> </span>Indebitament<span class=\"_ _3\"></span>o <span class=\"_ _8\"> </span>finanz<span class=\"_ _3\"></span>iario <span class=\"_ _8\"> </span>netto <span class=\"_ _10\"> </span>ai <span class=\"_ _10\"> </span>sensi <span class=\"_ _10\"> </span>della </span></div><div class=\"t m0 x23 h42 y1f12 ff8 fsa fc2 sc0 ls0 ws0\">comunicazione <span class=\"_ _3\"></span>Consob Dem/6064293 del<span class=\"_ _1\"></span> 2006 </div><div class=\"t m0 x23 h3 y1f1d ff1 fs1 fc1 sc0 ls0 ws0\"> </div></div><div class=\"c w349 h91 gsf5f\"><div class=\"t m0 x107 h13 y5bf ff2 fs3 fc2 sc0 ls1 ws0\">31<span class=\"ls0\">-DIC-<span class=\"ls3\">24</span> </span></div></div><div class=\"c w2d7 h8f gsf60\"><div class=\"t m0 x1a3 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">A </div></div><div class=\"c w34c h8f gsf61\"><div class=\"t m0 x1a3 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">B </div></div><div class=\"c w1e0 h8f gsf62\"><div class=\"t m0 xf h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">C </div></div><div class=\"c w34d h8f gsf63\"><div class=\"t m0 xd h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">D </div></div><div class=\"c w238 h8f gsf64\"><div class=\"t m0 x13 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">A </div></div><div class=\"c w34f h8f gsf65\"><div class=\"t m0 x1a3 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">B </div></div><div class=\"c w350 h8f gsf66\"><div class=\"t m0 x1a3 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">C </div></div><div class=\"c w346 h8f gsf67\"><div class=\"t m0 xd h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">D </div></div><div class=\"c w351 h91 gsf68\"><div class=\"t m0 xc hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">A </div></div><div class=\"c w2fb h91 gsf69\"><div class=\"t m0 x0 hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">Disponibilit\u00e0 </div><div class=\"t m0 x0 hf y687 ff4 fs3 fc1 sc0 ls0 ws0\">liquide </div></div><div class=\"c w210 h91 gsf6a\"><div class=\"t m0 x3a hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">1.315,6 </div></div><div class=\"c w352 h91 gsf6b\"><div class=\"t m0 xa9 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h91 gsf6c\"><div class=\"t m0 xa5 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c6 h91 gsf6d\"><div class=\"t m0 xb2 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w353 h91 gsf6e\"><div class=\"t m0 xa5 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1df h91 gsf6f\"><div class=\"t m0 x14 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">1.332,8 </div></div><div class=\"c w355 h91 gsf70\"><div class=\"t m0 x9d hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1d2 h91 gsf71\"><div class=\"t m0 xa5 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w356 h91 gsf72\"><div class=\"t m0 xa5 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w357 h91 gsf73\"><div class=\"t m0 xa2 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w351 h91 gsf74\"><div class=\"t m0 xc hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">B </div></div><div class=\"c w2fb h91 gsf75\"><div class=\"t m0 x0 hf ye2 ff4 fs3 fc1 sc0 ls0 ws0\">Mezzi equivalenti a </div><div class=\"t m0 x0 hf y687 ff4 fs3 fc1 sc0 ls0 ws0\">disponibilit\u00e0 liquide<span class=\"_ _3\"></span> </div></div><div class=\"c w210 h91 gsf76\"><div class=\"t m0 xb1 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h91 gsf77\"><div class=\"t m0 xa9 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h91 gsf78\"><div class=\"t m0 xa5 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c6 h91 gsf79\"><div class=\"t m0 xb2 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w353 h91 gsf7a\"><div class=\"t m0 xa5 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1df h91 gsf7b\"><div class=\"t m0 xa4 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w355 h91 gsf7c\"><div class=\"t m0 x9d hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1d2 h91 gsf7d\"><div class=\"t m0 xa5 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w356 h91 gsf7e\"><div class=\"t m0 xa5 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w357 h91 gsf7f\"><div class=\"t m0 xa2 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w351 h91 gsf80\"><div class=\"t m0 xc hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">C </div></div><div class=\"c w2fb h91 gsf81\"><div class=\"t m0 x0 hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">Altre attivit\u00e0 </div><div class=\"t m0 x0 hf y687 ff4 fs3 fc1 sc0 ls0 ws0\">finanziarie correnti </div></div><div class=\"c w210 h91 gsf82\"><div class=\"t m0 xa4 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">23,1 </div></div><div class=\"c w352 h91 gsf83\"><div class=\"t m0 xa9 hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h91 gsf84\"><div class=\"t m0 xc0 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">3,5 </div></div><div class=\"c w2c6 h91 gsf85\"><div class=\"t m0 xb hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">3,6 </div></div><div class=\"c w353 h91 gsf86\"><div class=\"t m0 x9d hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w1df h91 gsf87\"><div class=\"t m0 x3a hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">90,9 </div></div><div class=\"c w355 h91 gsf88\"><div class=\"t m0 x9d hf y5bf ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1d2 h91 gsf89\"><div class=\"t m0 xc0 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">7,0 </div></div><div class=\"c w356 h91 gsf8a\"><div class=\"t m0 xc0 hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">3,7 </div></div><div class=\"c w357 h91 gsf8b\"><div class=\"t m0 x9d hf y5bf ff4 fs3 fc1 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w351 h91 gsf8c\"><div class=\"t m0 xc h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">D </div></div><div class=\"c w2fb h91 gsf8d\"><div class=\"t m0 x0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">Liquidit\u00e0 (A+B+<span class=\"_ _3\"></span>C) </div></div><div class=\"c w210 h91 gsf8e\"><div class=\"t m0 x3a h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">1.338,7 </div></div><div class=\"c w1df h91 gsf8f\"><div class=\"t m0 x14 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">1.423,7 </div></div><div class=\"c w2fb h8f gsf90\"><div class=\"t m0 x0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">di cui correlate </div></div><div class=\"c w352 h8f gsf91\"><div class=\"t m0 xa9 h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w352 h8f gsf92\"><div class=\"t m0 xc0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">3,5 </div></div><div class=\"c w2c6 h8f gsf93\"><div class=\"t m0 xb h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">3,6 </div></div><div class=\"c w353 h8f gsf94\"><div class=\"t m0 x9d h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w355 h8f gsf95\"><div class=\"t m0 x9d h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w1d2 h8f gsf96\"><div class=\"t m0 xc0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">7,0 </div></div><div class=\"c w356 h8f gsf97\"><div class=\"t m0 xc0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">3,7 </div></div><div class=\"c w357 h8f gsf98\"><div class=\"t m0 x9d h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">1,3 </div></div><div class=\"c w351 h33 gsf99\"><div class=\"t m0 xc hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">E </div></div><div class=\"c w2fb h33 gsf9a\"><div class=\"t m0 x0 hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">Debito finanziari<span class=\"_ _3\"></span>o </div><div class=\"t m0 x0 hf y687 ff4 fs3 fc1 sc0 ls0 ws0\">corrente </div></div><div class=\"c w210 h33 gsf9b\"><div class=\"t m0 xb hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(777,0) </div></div><div class=\"c w352 h33 gsf9c\"><div class=\"t m0 xa9 hf yc6e ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h33 gsf9d\"><div class=\"t m0 x1a hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(3,8) </div></div><div class=\"c w2c6 h33 gsf9e\"><div class=\"t m0 xf hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(1,9) </div></div><div class=\"c w353 h33 gsf9f\"><div class=\"t m0 xa5 hf yc6e ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1df h33 gsfa0\"><div class=\"t m0 x18 hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(411,9) </div></div><div class=\"c w355 h33 gsfa1\"><div class=\"t m0 x9d hf yc6e ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1d2 h33 gsfa2\"><div class=\"t m0 x1a hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w356 h33 gsfa3\"><div class=\"t m0 x1a hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(0,7) </div></div><div class=\"c w357 h33 gsfa4\"><div class=\"t m0 xa2 hf yc6e ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w351 h358 gsfa5\"><div class=\"t m0 xc hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">F </div></div><div class=\"c w2fb h358 gsfa6\"><div class=\"t m0 x0 hf y1cc9 ff4 fs3 fc1 sc0 ls0 ws0\">Parte corrente d<span class=\"_ _3\"></span>el </div><div class=\"t m0 x0 hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">debito finanziario </div><div class=\"t m0 x0 hf y687 ff4 fs3 fc1 sc0 ls0 ws0\">non corrente </div></div><div class=\"c w210 h358 gsfa7\"><div class=\"t m0 xb hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">(474,1) </div></div><div class=\"c w352 h358 gsfa8\"><div class=\"t m0 xa9 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h358 gsfa9\"><div class=\"t m0 xa5 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c6 h358 gsfaa\"><div class=\"t m0 xf hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">(1,3) </div></div><div class=\"c w353 h358 gsfab\"><div class=\"t m0 x1a hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w1df h358 gsfac\"><div class=\"t m0 x18 hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">(524,1) </div></div><div class=\"c w355 h358 gsfad\"><div class=\"t m0 x9d hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1d2 h358 gsfae\"><div class=\"t m0 xa5 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w356 h358 gsfaf\"><div class=\"t m0 x1a hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">(1,4) </div></div><div class=\"c w357 h358 gsfb0\"><div class=\"t m0 x1a3 hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w351 h383 gsfb1\"><div class=\"t m0 xc h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">G </div></div><div class=\"c w2fb h383 gsfb2\"><div class=\"t m0 x0 h13 y1cc9 ff2 fs3 fc1 sc0 ls0 ws0\">Indebitamento </div><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">finanziario </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">corrente (E+F) </div></div><div class=\"c w210 h383 gsfb3\"><div class=\"t m0 xd h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">(1.251,1) </div></div><div class=\"c w1df h383 gsfb4\"><div class=\"t m0 x18 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">(936,0) </div></div><div class=\"c w2fb h91 gsfb5\"><div class=\"t m0 x0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">di cui correlate </div></div><div class=\"c w352 h91 gsfb6\"><div class=\"t m0 xa9 h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w352 h91 gsfb7\"><div class=\"t m0 x1a h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(3,8) </div></div><div class=\"c w2c6 h91 gsfb8\"><div class=\"t m0 xf h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(3,2) </div></div><div class=\"c w353 h91 gsfb9\"><div class=\"t m0 x1a h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w355 h91 gsfba\"><div class=\"t m0 x9d h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w1d2 h91 gsfbb\"><div class=\"t m0 x1a h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w356 h91 gsfbc\"><div class=\"t m0 x1a h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(2,1) </div></div><div class=\"c w357 h91 gsfbd\"><div class=\"t m0 x1a3 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(0,1) </div></div><div class=\"c w351 h346 gsfbe\"><div class=\"t m0 xc h13 y17e4 ff2 fs3 fc1 sc0 ls0 ws0\">H </div></div><div class=\"c w2fb h346 gsfbf\"><div class=\"t m0 x0 h13 y17c4 ff2 fs3 fc1 sc0 ls0 ws0\">Indebitamento </div><div class=\"t m0 x0 h13 y1408 ff2 fs3 fc1 sc0 ls0 ws0\">finanziario </div><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">corrente netto </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">(G+D) </div></div><div class=\"c w210 h346 gsfc0\"><div class=\"t m0 xa4 h13 y17e4 ff2 fs3 fc1 sc0 ls0 ws0\">87,6 </div></div><div class=\"c w1df h346 gsfc1\"><div class=\"t m0 xd h13 y17e4 ff2 fs3 fc1 sc0 ls0 ws0\">487,7 </div></div><div class=\"c w2fb h8f gsfc2\"><div class=\"t m0 x0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">di cui correlate </div></div><div class=\"c w352 h8f gsfc3\"><div class=\"t m0 xa9 h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w352 h8f gsfc4\"><div class=\"t m0 x1a h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(0,3) </div></div><div class=\"c w2c6 h8f gsfc5\"><div class=\"t m0 xb h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">0,4 </div></div><div class=\"c w353 h8f gsfc6\"><div class=\"t m0 x9d h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">1,2 </div></div><div class=\"c w355 h8f gsfc7\"><div class=\"t m0 x9d h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w1d2 h8f gsfc8\"><div class=\"t m0 xc0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">6,9 </div></div><div class=\"c w356 h8f gsfc9\"><div class=\"t m0 xc0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">1,6 </div></div><div class=\"c w357 h8f gsfca\"><div class=\"t m0 x9d h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">1,2 </div></div><div class=\"c w351 h33 gsfcb\"><div class=\"t m0 xc hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">I </div></div><div class=\"c w2fb h33 gsfcc\"><div class=\"t m0 x0 hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">Debito finanziari<span class=\"_ _3\"></span>o </div><div class=\"t m0 x0 hf y687 ff4 fs3 fc1 sc0 ls0 ws0\">non corrente   </div></div><div class=\"c w210 h33 gsfcd\"><div class=\"t m0 xb hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(808,0) </div></div><div class=\"c w352 h33 gsfce\"><div class=\"t m0 xa9 hf yc6e ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h33 gsfcf\"><div class=\"t m0 xa5 hf yc6e ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c6 h33 gsfd0\"><div class=\"t m0 xf hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(3,8) </div></div><div class=\"c w353 h33 gsfd1\"><div class=\"t m0 x1a hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w1df h33 gsfd2\"><div class=\"t m0 xc hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(1.087,0) </div></div><div class=\"c w355 h33 gsfd3\"><div class=\"t m0 x9d hf yc6e ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1d2 h33 gsfd4\"><div class=\"t m0 xa5 hf yc6e ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w356 h33 gsfd5\"><div class=\"t m0 x1a hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(3,9) </div></div><div class=\"c w357 h33 gsfd6\"><div class=\"t m0 x1a3 hf yc6e ff4 fs3 fc1 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w351 h8f gsfd7\"><div class=\"t m0 xc hf ya3 ff4 fs3 fc1 sc0 ls0 ws0\">J </div></div><div class=\"c w2fb h8f gsfd8\"><div class=\"t m0 x0 hf ya3 ff4 fs3 fc1 sc0 ls0 ws0\">Strumenti di debito <span class=\"_ _3\"></span> </div></div><div class=\"c w210 h8f gsfd9\"><div class=\"t m0 xd hf ya3 ff4 fs3 fc1 sc0 ls0 ws0\">(3.401,3) </div></div><div class=\"c w352 h8f gsfda\"><div class=\"t m0 xa9 hf ya3 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h8f gsfdb\"><div class=\"t m0 xa5 hf ya3 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c6 h8f gsfdc\"><div class=\"t m0 xb2 hf ya3 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w353 h8f gsfdd\"><div class=\"t m0 xa5 hf ya3 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1df h8f gsfde\"><div class=\"t m0 xc hf ya3 ff4 fs3 fc1 sc0 ls0 ws0\">(3.391,2) </div></div><div class=\"c w355 h8f gsfdf\"><div class=\"t m0 x9d hf ya3 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1d2 h8f gsfe0\"><div class=\"t m0 xa5 hf ya3 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w356 h8f gsfe1\"><div class=\"t m0 xa5 hf ya3 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w357 h8f gsfe2\"><div class=\"t m0 xa2 hf ya3 ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w351 h358 gsfe3\"><div class=\"t m0 xc hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">K </div></div><div class=\"c w2fb h358 gsfe4\"><div class=\"t m0 x0 hf y1408 ff4 fs3 fc1 sc0 ls0 ws0\">Debiti commerciali </div><div class=\"t m0 x0 hf y6fe ff4 fs3 fc1 sc0 ls0 ws0\">e altri debiti non </div><div class=\"t m0 x0 hf y687 ff4 fs3 fc1 sc0 ls0 ws0\">correnti  </div></div><div class=\"c w210 h358 gsfe5\"><div class=\"t m0 xb1 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h358 gsfe6\"><div class=\"t m0 xa9 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w352 h358 gsfe7\"><div class=\"t m0 xa5 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w2c6 h358 gsfe8\"><div class=\"t m0 xb2 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w353 h358 gsfe9\"><div class=\"t m0 xa5 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1df h358 gsfea\"><div class=\"t m0 xa4 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w355 h358 gsfeb\"><div class=\"t m0 x9d hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w1d2 h358 gsfec\"><div class=\"t m0 xa5 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w356 h358 gsfed\"><div class=\"t m0 xa5 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w357 h358 gsfee\"><div class=\"t m0 xa2 hf y6fe ff11 fs3 fc1 sc0 ls0 ws0\">\u2010<span class=\"ff4\"> </span></div></div><div class=\"c w351 h358 gsfef\"><div class=\"t m0 xc h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">L </div></div><div class=\"c w2fb h358 gsff0\"><div class=\"t m0 x0 h13 y1408 ff2 fs3 fc1 sc0 ls0 ws0\">Indebitamento </div><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">finanziario non </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">corrente (I+J+K) <span class=\"_ _3\"></span> </div></div><div class=\"c w210 h358 gsff1\"><div class=\"t m0 xd h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">(4.209,3) </div></div><div class=\"c w1df h358 gsff2\"><div class=\"t m0 xc h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">(4.478,2) </div></div><div class=\"c w2fb h8f gsff3\"><div class=\"t m0 x0 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">di cui correlate </div></div><div class=\"c w352 h8f gsff4\"><div class=\"t m0 xa9 h13 ya3 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w352 h8f gsff5\"><div class=\"t m0 xa5 h13 ya3 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w2c6 h8f gsff6\"><div class=\"t m0 xf h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">(3,8) </div></div><div class=\"c w353 h8f gsff7\"><div class=\"t m0 x1a h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w355 h8f gsff8\"><div class=\"t m0 x9d h13 ya3 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w1d2 h8f gsff9\"><div class=\"t m0 xa5 h13 ya3 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w356 h8f gsffa\"><div class=\"t m0 x1a h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">(3,9) </div></div><div class=\"c w357 h8f gsffb\"><div class=\"t m0 x1a3 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">(0,2) </div></div><div class=\"c w351 h384 gsffc\"><div class=\"t m0 xc h13 y34c ff2 fs3 fc1 sc0 ls0 ws0\">M </div></div><div class=\"c w2fb h384 gsffd\"><div class=\"t m0 x0 h13 ybe ff2 fs3 fc1 sc0 ls0 ws0\">Totale </div><div class=\"t m0 x0 h13 y15b3 ff2 fs3 fc1 sc0 ls0 ws0\">indebitamento </div><div class=\"t m0 x0 h13 y17c4 ff2 fs3 fc1 sc0 ls0 ws0\">finanziario (H+L) </div><div class=\"t m0 x0 h13 y1408 ff2 fs3 fc1 sc0 ls0 ws0\">Orientamenti </div><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">Esma 32 - 382 - </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">1138 </div></div><div class=\"c w210 h384 gsffe\"><div class=\"t m0 xd h13 y34c ff2 fs3 fc1 sc0 ls0 ws0\">(4.121,7) </div></div><div class=\"c w1df h384 gsfff\"><div class=\"t m0 xc h13 y34c ff2 fs3 fc1 sc0 ls0 ws0\">(3.990,5) </div></div><div class=\"c w2fb h8f gs1000\"><div class=\"t m0 x0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">di cui correlate </div></div><div class=\"c w352 h8f gs1001\"><div class=\"t m0 xa9 h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w352 h8f gs1002\"><div class=\"t m0 x1a h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(0,3) </div></div><div class=\"c w2c6 h8f gs1003\"><div class=\"t m0 xf h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(3,4) </div></div><div class=\"c w353 h8f gs1004\"><div class=\"t m0 x9d h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">1,0 </div></div><div class=\"c w355 h8f gs1005\"><div class=\"t m0 x9d h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w1d2 h8f gs1006\"><div class=\"t m0 xc0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">6,9 </div></div><div class=\"c w356 h8f gs1007\"><div class=\"t m0 x1a h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(2,3) </div></div><div class=\"c w357 h8f gs1008\"><div class=\"t m0 x9d h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">1,0 </div></div><div class=\"c w2fb h33 gs1009\"><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">Crediti finanziari </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">non correnti </div></div><div class=\"c w210 h33 gs100a\"><div class=\"t m0 xa2 h13 yc6e ff2 fs3 fc1 sc0 ls0 ws0\">158,0 </div></div><div class=\"c w1df h33 gs100b\"><div class=\"t m0 xd h13 yc6e ff2 fs3 fc1 sc0 ls0 ws0\">162,8 </div></div><div class=\"c w2fb h8f gs100c\"><div class=\"t m0 x0 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">di cui correlate </div></div><div class=\"c w352 h8f gs100d\"><div class=\"t m0 xa9 h13 ya3 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w352 h8f gs100e\"><div class=\"t m0 xc0 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">7,9 </div></div><div class=\"c w2c6 h8f gs100f\"><div class=\"t m0 xb h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">9,0 </div></div><div class=\"c w353 h8f gs1010\"><div class=\"t m0 x1a3 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">20,5 </div></div><div class=\"c w355 h8f gs1011\"><div class=\"t m0 x9d h13 ya3 ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w1d2 h8f gs1012\"><div class=\"t m0 x1a h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">11,0 </div></div><div class=\"c w356 h8f gs1013\"><div class=\"t m0 x1a h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">10,6 </div></div><div class=\"c w357 h8f gs1014\"><div class=\"t m0 x1a3 h13 ya3 ff2 fs3 fc1 sc0 ls0 ws0\">21,2 </div></div><div class=\"c w2fb h91 gs1015\"><div class=\"t m0 x0 h13 y6fe ff2 fs3 fc1 sc0 ls0 ws0\">Indebitamento </div><div class=\"t m0 x0 h13 y687 ff2 fs3 fc1 sc0 ls0 ws0\">finanziario netto<span class=\"_ _3\"></span> </div></div><div class=\"c w210 h91 gs1016\"><div class=\"t m0 xd h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(3.963,7) </div></div><div class=\"c w1df h91 gs1017\"><div class=\"t m0 xc h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">(3.827,7) </div></div><div class=\"c w2fb h91 gs1018\"><div class=\"t m0 x0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">di cui correlate </div></div><div class=\"c w352 h91 gs1019\"><div class=\"t m0 xa9 h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w352 h91 gs101a\"><div class=\"t m0 xc0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">7,6 </div></div><div class=\"c w2c6 h91 gs101b\"><div class=\"t m0 xb h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">5,6 </div></div><div class=\"c w353 h91 gs101c\"><div class=\"t m0 x1a3 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">21,5 </div></div><div class=\"c w355 h91 gs101d\"><div class=\"t m0 x9d h13 y5bf ff11 fs3 fc1 sc1 ls0 ws0\">\u2010<span class=\"ff2 sc0\"> </span></div></div><div class=\"c w1d2 h91 gs101e\"><div class=\"t m0 x1a h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">17,9 </div></div><div class=\"c w356 h91 gs101f\"><div class=\"t m0 xc0 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">8,3 </div></div><div class=\"c w357 h91 gs1020\"><div class=\"t m0 x1a3 h13 y5bf ff2 fs3 fc1 sc0 ls0 ws0\">22,2 </div></div>2.03.05 <span class=\"ls0\">- Elenco<span class=\"_ _3\"></span> parti correlate<span class=\"_ _3\"></span> </span>I valori riportati nella tabell<span class=\"_ _3\"></span>a al 31 dicembre 20<span class=\"_ _3\"></span>24<span class=\"_ _5\"></span> sono relativi all<span class=\"_ _3\"></span>e parti correlate di seg<span class=\"_ _3\"></span>uito elencate: Gruppo A - Socie<span class=\"_ _3\"></span>t\u00e0 controllate non con<span class=\"_ _3\"></span>solidat<span class=\"_ _3\"></span>e - Gruppo B - Socie<span class=\"_ _3\"></span>t\u00e0 collegate e<span class=\"_ _3\"></span> a controllo con<span class=\"_ _3\"></span>giunto<span class=\"_ _75\"> </span>Adria Link Srl Aimag Spa ASM SET Srl Aurora Srl Enomondo Srl H.E.P.T. Co. Ltd Natura Srl in liquidazio<span class=\"_ _3\"></span>ne Oikothen Scarl in liq<span class=\"_ _3\"></span>uidazione SEA <span class=\"ls0\">- Servizi Ecologici Ambientali S<span class=\"_ _3\"></span>rl </span>Set Spa Sgr Servizi Spa Tamarete Energia Srl Tre Monti Srl Gruppo C - Par<span class=\"_ _3\"></span>ti correlate a<span class=\"_ _3\"></span> influenza notevo<span class=\"_ _3\"></span>le Comune di Bologna Comune di Casalecchi<span class=\"_ _3\"></span>o di Reno Comune di Cesena Comune di Ferrara Comune di Imola Comune di Modena Comune di Padova Comune di Ravenna Comune di Rimini Comune di Trieste Con.Ami Ferrara Tua S<span class=\"ls10\">pa</span> Ravenna Holding Spa Rimini Holding Spa Gruppo D - Al<span class=\"_ _3\"></span>tre parti correlate Acosea Impianti Srl Acquedotto del Dragon<span class=\"_ _3\"></span>e Impianti Spa Aloe Spa Amir Spa - Asset Aspes Spa Calenia Energia Spa Fiorano Gestioni Patrim<span class=\"_ _3\"></span>oniali Srl Formigine Patrimonio Sr<span class=\"_ _3\"></span>l Maranello Patrimoni<span class=\"_ _3\"></span>o Srl Romagna Acque Spa Sassuolo Gestioni P<span class=\"_ _3\"></span>atrimoniali Srl Serramazzoni Patrimo<span class=\"_ _3\"></span>nio Srl Societ\u00e0 Italiana Servizi<span class=\"_ _3\"></span> Spa - Sis Spa asset Te.Am  Societ\u00e0 Territori<span class=\"_ _3\"></span>o Ambiente Srl Team Srl - Assets Unica Reti Spa - Asset Sindaci, amministrator<span class=\"_ _3\"></span>i, dirigenti strategici, familiari di dirigenti strategic<span class=\"_ _3\"></span>i ed entit\u00e0 correlate ai dirig<span class=\"_ _3\"></span>enti strategici<span class=\"_ _75\"> </span>2.03.06 <span class=\"_ _6c\"> </span>- <span class=\"_ _6c\"> </span>Note <span class=\"_ _6c\"> </span>di <span class=\"_ _6c\"> </span>comment<span class=\"_ _3\"></span>o <span class=\"_ _6c\"> </span>ai <span class=\"_ _6c\"> </span>rapporti <span class=\"_ _6c\"> </span>con<span class=\"_ _3\"></span> <span class=\"_ _6c\"> </span>parti correlate Gestione dei se<span class=\"_ _3\"></span>rvizi Il <span class=\"_ _d\"> </span>Gruppo <span class=\"_ _d\"> </span>Hera <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>concessionario <span class=\"_ _e\"> </span>in <span class=\"_ _d\"> </span>gran <span class=\"_ _d\"> </span>parte <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>territorio <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>competenza <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>nella <span class=\"_ _d\"> </span>quasi <span class=\"_ _d\"> </span>totalit\u00e0 <span class=\"_ _e\"></span>dei <span class=\"_ _d\"> </span>territori <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>ei Comuni <span class=\"_ _5\"></span>azionisti <span class=\"_ _7\"></span>relativamente al<span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>province <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>Modena, <span class=\"_ _5\"></span>Bologna, <span class=\"_ _5\"></span>Ferrara, <span class=\"_ _7\"></span>Forl\u00ec<span class=\"_ _7\"></span>-Cesena, <span class=\"_ _5\"></span>Ravenna, <span class=\"_ _5\"></span>Rimini, <span class=\"_ _7\"></span>Padova, Udine, <span class=\"_ _e\"> </span>Trieste, <span class=\"_ _e\"> </span>Gorizia <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>Pesaro <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>servizi <span class=\"_ _6\"> </span>pubblici <span class=\"_ _e\"> </span>locali <span class=\"_ _e\"> </span>d\u2019interesse <span class=\"_ _6\"> </span>econo<span class=\"_ _5\"></span>mico <span class=\"_ _6\"> </span>(distribuzione <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>gas <span class=\"_ _6\"> </span>naturale <span class=\"_ _e\"> </span>a mezzo di gasdotti locali, servizi<span class=\"_ _3\"></span>o idrico integrato e servizi ambientali, com<span class=\"_ _3\"></span>prensivi di spazzament<span class=\"_ _3\"></span>o, raccolta, trasporto e  avvio <span class=\"_ _f\"> </span>al  re<span class=\"_ _3\"></span>cupero  e <span class=\"_ _f\"> </span>allo  smaltim<span class=\"_ _3\"></span>ento  dei <span class=\"_ _f\"> </span>rifiuti).  I<span class=\"_ _3\"></span>l  servi<span class=\"_ _3\"></span>zio  di <span class=\"_ _f\"> </span>distribuzione <span class=\"_ _f\"> </span>dell\u2019energia  el<span class=\"_ _3\"></span>ettrica <span class=\"_ _f\"> </span>\u00e8  svolto <span class=\"_ _f\"> </span>nei comprensori <span class=\"_ _f\"> </span>di  Modena <span class=\"_ _f\"> </span>e  Imola,  e <span class=\"_ _f\"> </span>nei  comuni <span class=\"_ _f\"> </span>di  Trieste <span class=\"_ _f\"> </span>e  Gorizia. <span class=\"_ _f\"> </span>Altri  servizi <span class=\"_ _f\"> </span>di  pubblica <span class=\"_ _f\"> </span>ut<span class=\"_ _5\"></span>ilit\u00e0 <span class=\"_ _f\"> </span>(tra  questi,<span class=\"_ _75\"> </span>teleriscaldamento<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>urbano, <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>energia <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>pubblica <span class=\"_ _6\"></span>illuminazione) <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>svolti <span class=\"_ _6\"></span>in <span class=\"_ _e\"></span>regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>libero <span class=\"_ _6\"></span>mercato <span class=\"_ _6\"></span>ovvero attraverso s<span class=\"_ _5\"></span>pecifiche convenzioni <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>enti <span class=\"_ _5\"></span>locali <span class=\"_ _5\"></span>interessati. <span class=\"_ _5\"></span>Attraverso appositi <span class=\"_ _5\"></span>rapporti <span class=\"_ _5\"></span>convenzionali <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>enti locali e/o le agenzie di ambito territor<span class=\"_ _3\"></span>iale, al Gruppo Hera \u00e8 dem<span class=\"_ _3\"></span>andato anche il servizio di tratt<span class=\"_ _3\"></span>amento e smaltimento rifiuti, non gi\u00e0 ricompre<span class=\"_ _3\"></span>so nelle attivit\u00e0 di igi<span class=\"_ _3\"></span>ene urbana.<span class=\"_ _5\"></span> Settore idrico Il <span class=\"_ _6\"></span>s<span class=\"_ _5\"></span>ervizio <span class=\"_ _6\"></span>idrico <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>gestito <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>Hera <span class=\"_ _e\"></span>in <span class=\"_ _6\"></span>alcuni <span class=\"_ _e\"></span>territori <span class=\"_ _6\"></span>di <span class=\"_ _e\"></span>pertinenza <span class=\"_ _6\"></span>delle <span class=\"_ _e\"> </span>regioni <span class=\"_ _e\"></span>Emilia<span class=\"_ _7\"></span>-Romagna, <span class=\"_ _6\"></span>Veneto, Friuli-Venezia <span class=\"_ _7\"></span>Giulia <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>Marche. <span class=\"_ _7\"></span>Esso <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>svolto <span class=\"_ _7\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>convenzioni <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tipulate <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>rispettive <span class=\"_ _5\"></span>autori<span class=\"_ _5\"></span>t\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>ambito locale, di durata vari<span class=\"_ _3\"></span>abile, normalmente ve<span class=\"_ _3\"></span>ntennale. L\u2019affidamento <span class=\"_ _d\"> </span>al <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _d\"> </span>Hera <span class=\"_ _d\"> </span>della <span class=\"_ _f\"> </span>gestione <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _d\"> </span>servizio <span class=\"_ _f\"> </span>idrico <span class=\"_ _d\"> </span>integrato <span class=\"_ _d\"> </span>ha <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>oggetto <span class=\"_ _f\"> </span>l\u2019insie<span class=\"_ _3\"></span>me <span class=\"_ _f\"> </span>delle <span class=\"_ _d\"> </span>attivit\u00e0 <span class=\"_ _d\"> </span>di captazione, <span class=\"_ _6\"></span>potabilizzazi<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>distribuzione <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>cqua <span class=\"_ _6\"></span>potabil<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>uso <span class=\"_ _6\"></span>civile <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>industriale <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>rvizio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fognatura <span class=\"_ _6\"></span>e depurazione. <span class=\"_ _4\"> </span>Le <span class=\"_ _10\"> </span>convenzioni  st<span class=\"_ _5\"></span>ipulate <span class=\"_ _4\"> </span>con <span class=\"_ _10\"> </span>le <span class=\"_ _4\"> </span>autorit\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>ambito  locale <span class=\"_ _10\"> </span>prevedono <span class=\"_ _4\"> </span>in <span class=\"_ _10\"> </span>capo <span class=\"_ _4\"> </span>al <span class=\"_ _10\"> </span>gestore <span class=\"_ _10\"> </span>an<span class=\"_ _3\"></span>che l\u2019esecuzione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>di  prog<span class=\"_ _3\"></span>ettazione <span class=\"_ _f\"> </span>e  re<span class=\"_ _3\"></span>alizzazione <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>nuove  reti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>impianti <span class=\"_ _f\"> </span>funzionali <span class=\"_ _f\"> </span>all\u2019erogazione <span class=\"_ _f\"> </span>del servizio. Le <span class=\"_ _5\"></span>convenzioni regolano <span class=\"_ _5\"></span>gli aspetti <span class=\"_ _5\"></span>economici del <span class=\"_ _5\"></span>rapporto contrattuale, <span class=\"_ _5\"></span>le modalit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gestion<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>del servizio, nonch\u00e9 gli standard <span class=\"_ _3\"></span>prestazionali e di qualit\u00e0. La competenza sulla regolazio<span class=\"_ _3\"></span>ne del servizio idrico \u00e8 deman<span class=\"_ _3\"></span>data all\u2019autorit\u00e0 nazionale Arera, si<span class=\"_ _3\"></span>a per quanto riguarda<span class=\"_ _3\"></span> gli <span class=\"_ _1d\"> </span>aspetti <span class=\"_ _1d\"> </span>tariffari <span class=\"_ _1d\"> </span>che <span class=\"_ _1d\"> </span>della <span class=\"_ _1d\"> </span>qualit\u00e0 <span class=\"_ _1d\"> </span>del <span class=\"_ _1d\"> </span>servizio. <span class=\"_ _1d\"> </span>L\u2019attuale <span class=\"_ _1d\"> </span>periodo <span class=\"_ _1d\"> </span>regolatorio <span class=\"_ _1d\"> </span>2024<span class=\"_ _7\"></span><span class=\"ff1\">-2029 <span class=\"_ _1d\"> </span>(delibera <span class=\"_ _1d\"> </span>Arera </span>639/2023/R/idr) \u00e8 il qu<span class=\"_ _3\"></span>arto periodo tariffari<span class=\"_ _3\"></span>o.<span class=\"_ _5\"></span> Al <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>garantire <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>aggiore <span class=\"_ _6\"></span>stabilit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sviluppo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>ciclo<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>idrico, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>durata <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _6\"></span>quarto <span class=\"_ _7\"></span>periodo <span class=\"_ _6\"></span>regolatorio <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stata<span class=\"_ _3\"></span> estesa a<span class=\"_ _5\"></span> s<span class=\"_ _5\"></span>ei annualit\u00e0, <span class=\"_ _5\"></span>ricomprendendo pertanto <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>2024<span class=\"_ _5\"></span>-<span class=\"ff5\">2029, <span class=\"_ _5\"></span>con l\u2019<span class=\"_ _5\"></span>introduzion<span class=\"_ _3\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>alcuni <span class=\"_ _5\"></span>elementi di <span class=\"_ _5\"></span>novit\u00e0 </span>quali <span class=\"_ _6\"> </span>l\u2019incentivazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>azioni<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>sostenibilit\u00e0 <span class=\"_ _6\"> </span>ener<span class=\"_ _5\"></span>getica <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ambientale, <span class=\"_ _6\"></span>ulteriori <span class=\"_ _6\"></span>obiettivi <span class=\"_ _6\"> </span>di <span class=\"_ _e\"> </span>qualit\u00e0 <span class=\"_ _6\"></span>tecnica, <span class=\"_ _6\"></span>nonch\u00e9 l\u2019allargamento <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>perimetro <span class=\"_ _7\"></span>re<span class=\"_ _5\"></span>golatori<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>gestione <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>acque <span class=\"_ _6\"></span>meteoriche. <span class=\"_ _7\"></span>A <span class=\"_ _6\"></span>ciascun <span class=\"_ _6\"></span>ge<span class=\"_ _3\"></span>store <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>riconosciuto <span class=\"_ _6\"></span>un ricavo <span class=\"_ _6\"></span>gara<span class=\"_ _3\"></span>ntito <span class=\"_ _6\"></span>(Vrg)<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>indipen<span class=\"_ _3\"></span>dente <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span>dinamica <span class=\"_ _7\"></span>dei <span class=\"_ _6\"></span>volumi <span class=\"_ _7\"></span>distribuiti <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>determinato <span class=\"_ _7\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>costi <span class=\"_ _6\"></span>operativi<span class=\"_ _3\"></span> (efficientabili ed <span class=\"_ _5\"></span>esogeni), <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>capitale <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>funzione <span class=\"_ _5\"></span>degli in<span class=\"_ _5\"></span>vestimenti realizzati <span class=\"_ _5\"></span>nonch\u00e9, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019ambito d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>Rimini,<span class=\"_ _3\"></span> del <span class=\"_ _f\"> </span>risultato <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>procedura <span class=\"_ _f\"> </span>competitiva <span class=\"_ _f\"> </span>conclusa, <span class=\"_ _f\"> </span>a  segui<span class=\"_ _3\"></span>to <span class=\"_ _f\"> </span>della  q<span class=\"_ _3\"></span>uale <span class=\"_ _f\"> </span>\u00e8  stato <span class=\"_ _d\"> </span>s<span class=\"_ _5\"></span>tipulat<span class=\"_ _3\"></span>o  i<span class=\"_ _3\"></span>l <span class=\"_ _f\"> </span>nuovo  c<span class=\"_ _3\"></span>ontratto <span class=\"_ _f\"> </span>di concessione per il p<span class=\"_ _3\"></span>eriodo 2022-2039. Per <span class=\"_ _7\"></span>lo <span class=\"_ _5\"></span>svolgimento <span class=\"_ _5\"></span>de<span class=\"_ _5\"></span>l <span class=\"_ _5\"></span>servizio <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>gestore <span class=\"_ _7\"></span>si <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>vvale <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>reti, <span class=\"_ _5\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>ltre <span class=\"_ _5\"></span>dotazioni <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>sua <span class=\"_ _7\"></span>propriet\u00e0, <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>propriet\u00e0 <span class=\"_ _5\"></span>dei Comuni e di propriet<span class=\"_ _3\"></span>\u00e0 delle societ\u00e0 patrim<span class=\"_ _3\"></span>oniali. Tali beni, face<span class=\"_ _3\"></span>nti parte del patrimonio i<span class=\"_ _3\"></span>drico indisponibile del ge<span class=\"_ _3\"></span>store, oppure <span class=\"_ _5\"></span>concessi <span class=\"_ _7\"></span>allo <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>tesso <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>uso <span class=\"_ _5\"></span>o <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>affitto, <span class=\"_ _5\"></span>al <span class=\"_ _7\"></span>termine <span class=\"_ _7\"></span>della <span class=\"_ _5\"></span>concessione <span class=\"_ _7\"></span>devono <span class=\"_ _5\"></span>essere <span class=\"_ _7\"></span>riconsegnati <span class=\"_ _5\"></span>ai <span class=\"_ _7\"></span>Comuni, societ\u00e0 <span class=\"_ _6\"></span>patrimoniali, <span class=\"_ _6\"></span>autorit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ambito <span class=\"_ _6\"></span>loc<span class=\"_ _3\"></span>ale, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>messi <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>disposizione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>gestore <span class=\"_ _6\"></span>subentrante. <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>opere realizzate <span class=\"_ _7\"></span>dal <span class=\"_ _6\"></span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Hera <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _6\"></span>servizio <span class=\"_ _7\"></span>idrico <span class=\"_ _7\"></span>dovranno <span class=\"_ _6\"></span>es<span class=\"_ _3\"></span>sere <span class=\"_ _7\"></span>restituite <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>citati <span class=\"_ _6\"></span>enti <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>f<span class=\"_ _5\"></span>ronte <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>pagam<span class=\"_ _3\"></span>ento <span class=\"_ _7\"></span>del valore residuo di tali <span class=\"_ _3\"></span>beni. I <span class=\"_ _7\"></span>rapporti <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>Hera <span class=\"_ _6\"></span>co<span class=\"_ _3\"></span>n <span class=\"_ _7\"></span>l\u2019<span class=\"_ _5\"></span>utenza <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>disciplinati <span class=\"_ _6\"></span>dai<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>regolamenti <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>f<span class=\"_ _5\"></span>ornitura, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>carte <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>ervizi redatte <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>base <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>schemi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _5\"></span>a<span class=\"_ _5\"></span>pprovati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dalle <span class=\"_ _7\"></span>autorit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>ambit<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>ocale, <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>coerenz<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>lle <span class=\"_ _7\"></span>disposizioni <span class=\"_ _7\"></span>di Arera in termini di qual<span class=\"_ _3\"></span>it\u00e0 del servizio e della <span class=\"_ _3\"></span>risorsa.<span class=\"_ _5\"></span> Settore ambiente<span class=\"_ _3\"></span> Il <span class=\"_ _f\"> </span>servizio <span class=\"_ _d\"> </span>rifiuti <span class=\"_ _f\"> </span>urbani <span class=\"_ _d\"> </span>gestito <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>Hera <span class=\"_ _d\"> </span>ne<span class=\"_ _5\"></span>l <span class=\"_ _d\"> </span>territorio <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>compete<span class=\"_ _3\"></span>nza <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>svolto <span class=\"_ _d\"> </span>sulla <span class=\"_ _d\"> </span>b<span class=\"_ _5\"></span>ase <span class=\"_ _d\"> </span>di <span class=\"_ _f\"> </span>convenzioni stipulate <span class=\"_ _d\"> </span>con <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>autorit\u00e0 <span class=\"_ _d\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>ambito <span class=\"_ _d\"> </span>locale <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>ha <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>o<span class=\"_ _5\"></span>ggetto <span class=\"_ _d\"> </span>la <span class=\"_ _e\"> </span>ges<span class=\"_ _5\"></span>tione <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span>sclusiva <span class=\"_ _e\"> </span>dei <span class=\"_ _f\"> </span>servizi <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>raccolta, <span class=\"_ _d\"> </span>trasporto, spazzamento <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>lavaggio <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>strade, <span class=\"_ _f\"> </span>avvio <span class=\"_ _f\"> </span>al  r<span class=\"_ _3\"></span>ecupero <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>smaltimento <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>rifiuti <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>altre <span class=\"_ _f\"> </span>att<span class=\"_ _5\"></span>ivit\u00e0 <span class=\"_ _f\"> </span>minori. <span class=\"_ _f\"> </span>Le convenzioni <span class=\"_ _6\"></span>stipulate <span class=\"_ _6\"></span>con <span class=\"_ _e\"></span>le <span class=\"_ _6\"></span>autorit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>amb<span class=\"_ _5\"></span>ito <span class=\"_ _6\"></span>locale <span class=\"_ _6\"></span>regolano <span class=\"_ _6\"></span>gli <span class=\"_ _e\"></span>aspetti <span class=\"_ _6\"></span>economici <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>rapporto <span class=\"_ _e\"></span>contrattuale, <span class=\"_ _6\"></span>ma anche le modalit\u00e0 di organizza<span class=\"_ _3\"></span>zione e gestione del servizio e i livelli quantitativi e qualitativi delle <span class=\"_ _3\"></span>prestazioni erogate.<span class=\"_ _3\"></span> A <span class=\"_ _7\"></span>partire <span class=\"_ _5\"></span>dal <span class=\"_ _7\"></span>2020 <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>regolazione <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>servizio <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>rifiuti <span class=\"_ _5\"></span>urbani <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stata <span class=\"_ _5\"></span>assunta <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>capo <span class=\"_ _5\"></span>ad <span class=\"_ _7\"></span>Arera, <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>quale <span class=\"_ _7\"></span>ha <span class=\"_ _5\"></span>def<span class=\"_ _5\"></span>init<span class=\"_ _3\"></span>o un p<span class=\"_ _5\"></span>rimo biennio <span class=\"_ _5\"></span>regolatorio 2020<span class=\"_ _5\"></span>-2021 circoscritto <span class=\"_ _5\"></span>alla s<span class=\"_ _5\"></span>ola gestione <span class=\"_ _5\"></span>integrata dei <span class=\"_ _5\"></span>rifiuti <span class=\"_ _5\"></span>(delibera Arera <span class=\"_ _5\"></span>443/2019) e<span class=\"_ _75\"> </span>un <span class=\"_ _6\"></span>successivo <span class=\"_ _6\"></span>aggiornamento <span class=\"_ _6\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>2022<span class=\"_ _5\"></span>-2025 <span class=\"_ _6\"></span>a<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>partire <span class=\"_ _6\"></span>dal <span class=\"_ _e\"></span>quale <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _e\"></span>regolate <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>t<span class=\"_ _5\"></span>ariffe <span class=\"_ _6\"></span>di accesso <span class=\"_ _d\"> </span>agli <span class=\"_ _d\"> </span>impianti <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>trattamento <span class=\"_ _d\"> </span>qualificati <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>ome <span class=\"_ _d\"> </span>impianti <span class=\"_ _e\"> </span>min<span class=\"_ _5\"></span>imi <span class=\"_ _e\"> </span>da <span class=\"_ _d\"> </span>p<span class=\"_ _5\"></span>arte <span class=\"_ _e\"> </span>de<span class=\"_ _5\"></span>ll\u2019ente <span class=\"_ _e\"> </span>regionale <span class=\"_ _d\"> </span>(delibera <span class=\"_ _d\"> </span>Arera 363/2021). Pertanto, il <span class=\"_ _3\"></span>corrispettivo annual<span class=\"_ _3\"></span>e per la gestione del s<span class=\"_ _3\"></span>ervizio \u00e8 stato determina<span class=\"_ _3\"></span>to con riferimento alla cit<span class=\"_ _3\"></span>ata regolazione nazional<span class=\"_ _3\"></span>e, tenuto conto, a integra<span class=\"_ _3\"></span>zione dei risultati, d<span class=\"_ _3\"></span>elle procedure competitive <span class=\"_ _3\"></span>concluse per gli am<span class=\"_ _3\"></span>biti di recente <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>ffidamento<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>(ambiti <span class=\"_ _f\"> </span>di <span class=\"_ _d\"> </span>Ravenna <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>Cesena, <span class=\"_ _d\"> </span>Bologna, <span class=\"_ _f\"> </span>Modena <span class=\"_ _d\"> </span>e <span class=\"_ _f\"> </span>Saccolongo<span class=\"_ _5\"></span><span class=\"ls16\">, <span class=\"_ _f\"> </span></span>Abano <span class=\"_ _d\"> </span>Ter<span class=\"_ _5\"></span>me, <span class=\"_ _d\"> </span>Ponte <span class=\"_ _f\"> </span>San Nicol\u00f2, Albignasego <span class=\"_ _3\"></span>e Casalserugo<span class=\"ls13\">).</span> A seguito dei recenti pronunciamenti del Consiglio di Stato sui contenziosi amministrativi in tema di \u201cimpianti minimi\u201d, l\u2019avvio <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>ella <span class=\"_ _6\"> </span>r<span class=\"_ _5\"></span>egolazio<span class=\"_ _3\"></span>ne <span class=\"_ _e\"> </span>nazionale <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>questa <span class=\"_ _6\"> </span>tipologia <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>impianti <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>stato <span class=\"_ _e\"> </span>posticipato <span class=\"_ _6\"></span>dal <span class=\"_ _e\"> </span>2022 <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>2024 <span class=\"_ _e\"> </span>(delibera<span class=\"_ _3\"></span> Arera  7/2024); <span class=\"_ _4\"> </span>gli  impianti  che <span class=\"_ _4\"> </span>sono  s<span class=\"_ _5\"></span>tati  definiti  impianti  minimi  s<span class=\"_ _5\"></span>i  riferiscono  agli  impianti  di <span class=\"_ _4\"> </span>smaltimento  e trattamento dei rifiuti<span class=\"_ _3\"></span> indifferenziati.<span class=\"_ _75\"> </span>Il servizio svolto per la g<span class=\"_ _3\"></span>estione dei rifiuti ur<span class=\"_ _3\"></span>bani \u00e8 fatturato dal G<span class=\"_ _3\"></span>ruppo Hera ai singoli C<span class=\"_ _3\"></span>omuni nel caso di regim<span class=\"_ _3\"></span>e Tari o ai singoli utenti nel <span class=\"_ _3\"></span>caso di applicazione dell<span class=\"_ _3\"></span>a tariffa corrispettiva p<span class=\"_ _3\"></span>untuale.<span class=\"_ _5\"></span> Per l\u2019esercizio degli im<span class=\"_ _3\"></span>pianti di trattamento dei r<span class=\"_ _3\"></span>ifiuti urbani il Gru<span class=\"_ _3\"></span>ppo Hera \u00e8 soggetto all\u2019o<span class=\"_ _3\"></span>ttenimento di autorizz<span class=\"_ _3\"></span>azioni provinciali.<span class=\"_ _75\"> </span>Nel <span class=\"_ _7\"></span>rispetto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>el <span class=\"_ _7\"></span>principio <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>continuit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>servizio <span class=\"_ _7\"></span>pubblico, <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>sensi <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>convenzioni <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>essere, <span class=\"_ _5\"></span>il <span class=\"_ _7\"></span>gestore <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>t<span class=\"_ _5\"></span>enuto<span class=\"_ _3\"></span> alla <span class=\"_ _5\"></span>prosecuzione <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>servizio anche <span class=\"_ _5\"></span>nei <span class=\"_ _5\"></span>territori <span class=\"_ _5\"></span>ove <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _7\"></span>gi\u00e0 <span class=\"_ _5\"></span>stata s<span class=\"_ _5\"></span>uperata la <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>scadenza <span class=\"_ _5\"></span>dell\u2019affidamento <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>fino alla decorrenza dei nu<span class=\"_ _3\"></span>ovi affidamenti. Settore energ<span class=\"_ _3\"></span>ia La <span class=\"_ _5\"></span>durata <span class=\"_ _7\"></span>delle <span class=\"_ _5\"></span>concessioni <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>gas <span class=\"_ _7\"></span>naturale <span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>mezzo <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>gasdotti <span class=\"_ _5\"></span>locali, <span class=\"_ _5\"></span>inizialmente <span class=\"_ _5\"></span>fissata <span class=\"_ _7\"></span>in <span class=\"_ _5\"></span>periodi tra <span class=\"_ _6\"></span>die<span class=\"_ _3\"></span>ci <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>trenta <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>nni <span class=\"_ _7\"></span>dagli <span class=\"_ _6\"></span>atti <span class=\"_ _7\"></span>originari <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>affidamento <span class=\"_ _7\"></span>stipulati <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>Comuni, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>stata <span class=\"_ _6\"></span>rivist<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>dal <span class=\"_ _7\"></span>Decreto <span class=\"_ _7\"></span>164/2000 (cosiddetto <span class=\"_ _5\"></span>Decreto <span class=\"_ _7\"></span>Letta, <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _5\"></span>ecepimento <span class=\"_ _5\"></span>della <span class=\"_ _7\"></span>Direttiva <span class=\"_ _5\"></span>98/30/CE) <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>successivi <span class=\"_ _5\"></span>interventi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>riordino <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>mercati dell\u2019energia.  Inrete  Di<span class=\"_ _3\"></span>stribuzione  Energia<span class=\"_ _3\"></span>  Spa,  societ\u00e0  del  G<span class=\"_ _3\"></span>ruppo  Hera  subentrat<span class=\"_ _3\"></span>a  a  Hera  Spa  nell\u2019attiv<span class=\"_ _3\"></span>it\u00e0  di distribuzione <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>ed <span class=\"_ _7\"></span>energia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _7\"></span>gode <span class=\"_ _7\"></span>degli <span class=\"_ _7\"></span>i<span class=\"_ _5\"></span>ncrementi <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>durate <span class=\"_ _7\"></span>residue <span class=\"_ _6\"></span>pre<span class=\"_ _3\"></span>viste <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _6\"></span>sogg<span class=\"_ _3\"></span>etti <span class=\"_ _7\"></span>gestori <span class=\"_ _7\"></span>che hanno promosso operazi<span class=\"_ _3\"></span>oni di parziale privat<span class=\"_ _3\"></span>izzazione e aggreg<span class=\"_ _3\"></span>azione. La durata delle<span class=\"_ _3\"></span> concessioni di distrib<span class=\"_ _3\"></span>uzione \u00e8 immutata <span class=\"_ _2\"> </span>rispetto <span class=\"_ _2\"> </span>a <span class=\"_ _1d\"> </span>q<span class=\"_ _3\"></span>uella <span class=\"_ _2\"> </span>prevista <span class=\"_ _2\"> </span>all\u2019atto <span class=\"_ _2\"> </span>della <span class=\"_ _2\"> </span>quotazione. <span class=\"_ _2\"> </span>Le <span class=\"_ _2\"> </span>convenzioni <span class=\"_ _2\"> </span>collegate <span class=\"_ _2\"> </span>alle <span class=\"_ _2\"> </span>c<span class=\"_ _5\"></span>oncessioni <span class=\"_ _8\"> </span>d<span class=\"_ _5\"></span>i distribuzione <span class=\"_ _d\"> </span>hanno <span class=\"_ _f\"> </span>a <span class=\"_ _d\"> </span>o<span class=\"_ _5\"></span>ggetto <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>distribuzione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>gas <span class=\"_ _d\"> </span>metano <span class=\"_ _f\"> </span>o <span class=\"_ _d\"> </span>altri <span class=\"_ _f\"> </span>similari, <span class=\"_ _d\"> </span>per <span class=\"_ _f\"> </span>riscaldamento, <span class=\"_ _d\"> </span>usi <span class=\"_ _f\"> </span>domestici, artigianali, <span class=\"_ _f\"> </span>industriali <span class=\"_ _f\"> </span>e  per <span class=\"_ _f\"> </span>altri  usi <span class=\"_ _f\"> </span>generici. <span class=\"_ _f\"> </span>Le  tariffe <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la  distribu<span class=\"_ _3\"></span>zione <span class=\"_ _f\"> </span>de<span class=\"_ _5\"></span>l <span class=\"_ _f\"> </span>gas <span class=\"_ _f\"> </span>sono  fissate <span class=\"_ _f\"> </span>ai  sensi<span class=\"_ _3\"></span>  della<span class=\"_ _3\"></span> regolazione vigente <span class=\"_ _3\"></span>e delle periodiche delib<span class=\"_ _3\"></span>erazioni dell\u2019autorit\u00e0 <span class=\"_ _3\"></span>nazionale Arera.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>Il <span class=\"_ _7\"></span>territorio <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>quale <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>esercisce <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>servizio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>gas <span class=\"_ _7\"></span>metano <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>suddiviso <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>am<span class=\"_ _3\"></span>biti <span class=\"_ _7\"></span>tariffari <span class=\"_ _5\"></span>n<span class=\"_ _5\"></span>ei quali, alle diverse categorie di clienti, \u00e8 applicata una tariffa uniforme di distribuzione. La normativa tariffari<span class=\"_ _3\"></span>a in vigor<span class=\"_ _6\"></span><span class=\"lse\">e </span>al  mo<span class=\"_ _5\"></span>mento  dell\u2019approvazi<span class=\"_ _3\"></span>one  de<span class=\"_ _5\"></span>l  presente  bilancio  annuale <span class=\"_ _4\"> </span>consolidato  \u00e8 <span class=\"_ _4\"> </span>rappresentata  principalmente  dalla delibera <span class=\"_ _e\"> </span>Arera <span class=\"_ _e\"> </span>631/2023/R/gas <span class=\"_ _e\"></span>del <span class=\"_ _e\"> </span>28 <span class=\"_ _d\"> </span>dicembre <span class=\"_ _e\"></span>2023 <span class=\"_ _e\"> </span>(aggiornamento <span class=\"_ _e\"></span>delle <span class=\"_ _e\"> </span>tariffe <span class=\"_ _e\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>i <span class=\"_ _e\"> </span>servizi <span class=\"_ _e\"> </span>di <span class=\"_ _d\"> </span>distribuzione <span class=\"_ _e\"></span>e misura <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>gas, <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>\u2019anno <span class=\"_ _7\"></span>2024) <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>ha <span class=\"_ _6\"></span>sostituito <span class=\"_ _5\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _7\"></span>precedente <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>elibera <span class=\"_ _7\"></span>736/2022/R/gas <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>29 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2022 <span class=\"_ _6\"></span>e con  c<span class=\"_ _5\"></span>ui  sono  s<span class=\"_ _5\"></span>tate  approvate, <span class=\"_ _4\"> </span>per <span class=\"_ _4\"> </span>l\u2019anno  2<span class=\"_ _5\"></span>024,  le <span class=\"_ _4\"> </span>tariffe <span class=\"_ _4\"> </span>obbligatorie  per <span class=\"_ _4\"> </span>i <span class=\"_ _10\"> </span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>distribuzione, <span class=\"_ _4\"> </span>misura  e commercializzazion<span class=\"_ _3\"></span>e del gas naturale di cui <span class=\"_ _3\"></span>all\u2019articolo 42 della <span class=\"_ _3\"></span>Rtdg.<span class=\"_ _5\"></span><span class=\"ff1\"> </span>I valori tariffari <span class=\"_ _5\"></span>validi dal 1\u00b0 gennaio 2024 s<span class=\"_ _5\"></span>ono riportati nella tabella 1 <span class=\"_ _5\"></span>dell\u2019Allegato A alla delibera suddetta. Le <span class=\"_ _5\"></span>tarif<span class=\"_ _7\"></span><span class=\"ff1\">fe </span>per l\u2019esercizio 2024 <span class=\"_ _5\"></span>si inseriscono all\u2019interno del <span class=\"_ _5\"></span>cosiddetto periodo tariffario 2020<span class=\"_ _7\"></span><span class=\"ff1\">-2025. Dal 1<span class=\"_ _5\"></span>\u00b0 gennaio 2020, <span class=\"_ _5\"></span>infatti, </span>\u00e8 <span class=\"_ _7\"></span>entrata <span class=\"_ _5\"></span>in <span class=\"_ _7\"></span>vigore <span class=\"_ _7\"></span>la <span class=\"_ _5\"></span>Regolazione <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>tariffe <span class=\"_ _5\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>distribuzione <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>misura <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>gas <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>eriodo <span class=\"_ _5\"></span>2020<span class=\"_ _6\"></span>-202<span class=\"_ _3\"></span>5 (Rtdg 2020-2025), approva<span class=\"_ _3\"></span>ta con deliberazion<span class=\"_ _3\"></span>e 570/2019/R/gas e agg<span class=\"_ _3\"></span>iornata con la deliberazio<span class=\"_ _3\"></span>ne 737/2022/R/gas.<span class=\"_ _5\"></span> Ai <span class=\"_ _7\"></span>sensi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>quanto <span class=\"_ _7\"></span>previsto <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>all'articolo <span class=\"_ _5\"></span>43 <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>Rtdg <span class=\"_ _7\"></span>2020<span class=\"_ _5\"></span>-<span class=\"_ _5\"></span>2025, <span class=\"_ _5\"></span>le <span class=\"_ _7\"></span>tariffe <span class=\"_ _7\"></span>obbligatorie <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _5\"></span>e<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>misura <span class=\"_ _5\"></span>del gas naturale sono diffe<span class=\"_ _3\"></span>renziate in ambiti ta<span class=\"_ _3\"></span>riffari: \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito nord-occidentale, c<span class=\"_ _3\"></span>omprendente le regio<span class=\"_ _3\"></span>ni Valle d'Aosta, Piem<span class=\"_ _3\"></span>onte e Liguria;<span class=\"_ _5\"></span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito <span class=\"_ _6\"></span>nord-orientale, <span class=\"_ _7\"></span>comprendente <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>regioni <span class=\"_ _7\"></span>Lombardia, <span class=\"_ _6\"></span>Trentino<span class=\"_ _5\"></span>-Alto <span class=\"_ _6\"></span>Adige, <span class=\"_ _6\"></span>Ve<span class=\"_ _3\"></span>neto, <span class=\"_ _6\"></span>Friuli-Venezia <span class=\"_ _6\"></span>Giulia, </span></span>Emilia-Romagna; \u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito centrale, comp<span class=\"_ _3\"></span>rendente le regioni Tosc<span class=\"_ _3\"></span>ana, Umbria e Marche; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito centro-sud-orientale, <span class=\"_ _3\"></span>comprendente le regi<span class=\"_ _3\"></span>oni Abruzzo, Molise, Pugli<span class=\"_ _3\"></span>a, Basilicata; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito centro-sud-occidentale,<span class=\"_ _3\"></span> comprendente le r<span class=\"_ _3\"></span>egioni Lazio e Campa<span class=\"_ _3\"></span>nia;<span class=\"_ _5\"></span> </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito meridionale, <span class=\"_ _3\"></span>comprendente le regi<span class=\"_ _3\"></span>oni Calabria e Sicilia; </span></span>\u2022<span class=\"ff1\"> <span class=\"_ _1c\"> </span><span class=\"fs1 fc1\">ambito Sardegna, com<span class=\"_ _3\"></span>prendente la region<span class=\"_ _3\"></span>e Sardegna. </span></span>Il <span class=\"_ _5\"></span>v<span class=\"_ _5\"></span>alore <span class=\"_ _5\"></span>delle <span class=\"_ _7\"></span>componenti <span class=\"_ _5\"></span>tariffarie <span class=\"_ _7\"></span>Gs, <span class=\"_ _7\"></span>Re, <span class=\"_ _7\"></span>Rs <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>Ug1 <span class=\"_ _6\"></span>- <span class=\"_ _5\"></span>di <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>comma <span class=\"_ _7\"></span>42.3, <span class=\"_ _5\"></span>lettere <span class=\"_ _7\"></span>c), <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>), <span class=\"_ _5\"></span>e) <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>f) <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>Rtdg <span class=\"_ _5\"></span>2020<span class=\"_ _7\"></span>-<span class=\"_ _75\"> </span>2025 - \u00e8 soggetto ad agg<span class=\"_ _3\"></span>iornamento trimestral<span class=\"_ _3\"></span>e. Per l\u2019anno 2024, dal 1\u00b0 <span class=\"_ _5\"></span>gennaio 2024 sono stati applicati i valori contenuti nelle tabelle 9<span class=\"_ _5\"></span>, 10 e 11 della deliberazione 633/2023/R/com, <span class=\"_ _e\"></span>come <span class=\"_ _d\"> </span>successivamente <span class=\"_ _e\"></span>rettificate <span class=\"_ _e\"> </span>dalla <span class=\"_ _d\"> </span>deliberazione <span class=\"_ _e\"> </span>45/2024/R/com; <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>al <span class=\"_ _e\"> </span>1\u00b0 <span class=\"_ _d\"> </span>aprile <span class=\"_ _d\"> </span>2024 <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>le componenti <span class=\"_ _e\"> </span>Gs, <span class=\"_ _d\"> </span>Rs, <span class=\"_ _d\"> </span>Ug1 <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>Re <span class=\"_ _e\"> </span>\u00e8<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>s<span class=\"_ _5\"></span>tato <span class=\"_ _e\"> </span>confermato <span class=\"_ _e\"> </span>i<span class=\"_ _5\"></span>l <span class=\"_ _e\"></span>valore <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>1\u00b0 <span class=\"_ _d\"> </span>trimestre <span class=\"_ _e\"></span>2024 <span class=\"_ _d\"> </span>(tabelle <span class=\"_ _e\"> </span>9 <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>11 <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>delibera 633/2023/R/com, <span class=\"_ _7\"></span>come <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>uccessivament<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>rettificate <span class=\"_ _7\"></span>dalla <span class=\"_ _7\"></span>deliberazione <span class=\"_ _7\"></span>45/2024/R/com), <span class=\"_ _7\"></span>mentre <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>componente Ug3 <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>applicata <span class=\"_ _7\"></span>l<span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>ta<span class=\"_ _3\"></span>bella <span class=\"_ _6\"></span>8 <span class=\"_ _7\"></span>de<span class=\"_ _5\"></span>lla <span class=\"_ _7\"></span>delibera <span class=\"_ _6\"></span>113/2024/R/c<span class=\"_ _3\"></span>om; <span class=\"_ _6\"></span>dal <span class=\"_ _7\"></span>1\u00b0 <span class=\"_ _6\"></span>luglio <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>componenti<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Gs, <span class=\"_ _6\"></span>R<span class=\"_ _3\"></span>s, <span class=\"_ _6\"></span>Ug1e <span class=\"_ _7\"></span>Re <span class=\"_ _6\"></span>\u00e8 stato <span class=\"_ _6\"></span>nuovamente <span class=\"_ _7\"></span>confermato <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>1<span class=\"_ _5\"></span>\u00b0 <span class=\"_ _6\"></span>trimest<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>2024 <span class=\"_ _7\"></span>(<span class=\"_ _5\"></span>tabelle <span class=\"_ _7\"></span>9 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>11 <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>ella <span class=\"_ _7\"></span>delibera <span class=\"_ _6\"></span>633/2023/R/com, <span class=\"_ _7\"></span>come rettificate <span class=\"_ _6\"></span>dalla <span class=\"_ _e\"></span>deliberazione <span class=\"_ _6\"></span>45/2024/R/com), <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>os\u00ec <span class=\"_ _6\"></span>come <span class=\"_ _e\"> </span>per <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>componente <span class=\"_ _6\"></span>Ug3 <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"> </span>stato <span class=\"_ _e\"></span>parimenti <span class=\"_ _6\"></span>confermato <span class=\"_ _e\"></span>il valore <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>secon<span class=\"_ _3\"></span>do <span class=\"_ _6\"></span>trimest<span class=\"_ _3\"></span>re <span class=\"_ _7\"></span>2024 <span class=\"_ _6\"></span>(tabella <span class=\"_ _7\"></span>8 <span class=\"_ _7\"></span>della <span class=\"_ _6\"></span>delibera <span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>13/2024/R/com); <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>1\u00b0 <span class=\"_ _6\"></span>ottob<span class=\"_ _3\"></span>re <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span>le <span class=\"_ _7\"></span>co<span class=\"_ _5\"></span>mponenti<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Gs<span class=\"_ _3\"></span>, Rs <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>Ug1, <span class=\"_ _5\"></span>s<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _6\"></span>appli<span class=\"_ _3\"></span>cata <span class=\"_ _7\"></span>la <span class=\"_ _6\"></span>Tab<span class=\"_ _3\"></span>ella <span class=\"_ _7\"></span>1<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>allegata <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>deliberazione <span class=\"_ _7\"></span>384/2024/R/com, <span class=\"_ _7\"></span>mentre <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _7\"></span>componente <span class=\"_ _7\"></span>Re <span class=\"_ _7\"></span>\u00e8 stato <span class=\"_ _5\"></span>confermato <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _5\"></span>trimestre <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>tabella <span class=\"_ _5\"></span>11 <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>delibera <span class=\"_ _5\"></span>633/2023/R/com, come <span class=\"_ _5\"></span>rettificata dalla <span class=\"_ _e\"></span>deliberazione <span class=\"_ _6\"></span>45/2024/R/com, <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>componente <span class=\"_ _e\"> </span>Ug3 <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stato <span class=\"_ _6\"></span>c<span class=\"_ _5\"></span>onfermato <span class=\"_ _6\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>secondo <span class=\"_ _6\"></span>tr<span class=\"_ _5\"></span>imestre<span class=\"_ _3\"></span> 2024 (tabella 8 della <span class=\"_ _3\"></span>delibera 113/2024/R/c<span class=\"_ _3\"></span>om).<span class=\"_ _75\"> </span>Per <span class=\"_ _f\"> </span>quanto <span class=\"_ _d\"> </span>attiene <span class=\"_ _d\"> </span>all\u2019energia <span class=\"_ _d\"> </span>elettrica, <span class=\"_ _f\"> </span>gli <span class=\"_ _d\"> </span>affidamenti <span class=\"_ _d\"> </span>(d<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>durata <span class=\"_ _f\"> </span>trentennale <span class=\"_ _e\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>rinnovabili <span class=\"_ _d\"> </span>a<span class=\"_ _5\"></span>i <span class=\"_ _d\"> </span>sensi <span class=\"_ _f\"> </span>della <span class=\"_ _d\"> </span>vigente normativa) <span class=\"_ _e\"> </span>hanno <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>oggetto <span class=\"_ _e\"> </span>l\u2019attivit\u00e0 <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>distribuzione <span class=\"_ _6\"> </span>d<span class=\"_ _5\"></span>i <span class=\"_ _e\"> </span>energia <span class=\"_ _6\"> </span>co<span class=\"_ _5\"></span>mprenden<span class=\"_ _3\"></span>te, <span class=\"_ _e\"> </span>tra <span class=\"_ _e\"> </span>l\u2019altro, <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>delle <span class=\"_ _e\"> </span>reti <span class=\"_ _e\"> </span>di distribuzione <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>l\u2019<span class=\"_ _3\"></span>esercizio <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>conn<span class=\"_ _3\"></span>essi, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>manutenzion<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>ordinaria <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>straordi<span class=\"_ _3\"></span>naria, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>programmazione <span class=\"_ _7\"></span>e l\u2019individuazione <span class=\"_ _7\"></span>degli <span class=\"_ _6\"></span>interventi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sviluppo, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _6\"></span>l\u2019attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>mis<span class=\"_ _5\"></span>ura. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>sosp<span class=\"_ _3\"></span>ensione, <span class=\"_ _6\"></span>ovvero <span class=\"_ _7\"></span>la<span class=\"_ _5\"></span> <span class=\"_ _6\"></span>decadenz<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>della concessione, <span class=\"_ _f\"> </span>pu\u00f2  d<span class=\"_ _3\"></span>eterminarsi, <span class=\"_ _f\"> </span>a  giudi<span class=\"_ _3\"></span>zio <span class=\"_ _f\"> </span>dell\u2019Autorit\u00e0  naz<span class=\"_ _3\"></span>ionale, <span class=\"_ _f\"> </span>a  fronte <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>verificarsi <span class=\"_ _f\"> </span>di  inademp<span class=\"_ _3\"></span>imenti  e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>di<span class=\"_ _75\"> </span>violazioni <span class=\"_ _d\"> </span>imputabili <span class=\"_ _d\"> </span>alla <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _d\"> </span>concessionaria <span class=\"_ _e\"> </span>c<span class=\"_ _5\"></span>he <span class=\"_ _d\"> </span>pregiudichino <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>maniera <span class=\"_ _d\"> </span>grave <span class=\"_ _d\"> </span>e<span class=\"_ _5\"></span> <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>iffusa <span class=\"_ _e\"> </span>la<span class=\"_ _5\"></span> <span class=\"_ _d\"> </span>prestazione <span class=\"_ _e\"> </span>del servizio <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>misura <span class=\"_ _7\"></span>dell\u2019energia <span class=\"_ _7\"></span>elettrica. <span class=\"_ _7\"></span>La <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>concessionaria <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>obbligata <span class=\"_ _7\"></span>ad applicare <span class=\"_ _4\"> </span>ai <span class=\"_ _10\"> </span>propri <span class=\"_ _4\"> </span>c<span class=\"_ _5\"></span>lienti <span class=\"_ _4\"> </span>(i <span class=\"_ _10\"> </span>cosiddetti <span class=\"_ _4\"> </span>utenti <span class=\"_ _10\"> </span>della <span class=\"_ _4\"> </span>distribuzione) <span class=\"_ _10\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _10\"> </span>tariffe <span class=\"_ _4\"> </span>fissate <span class=\"_ _10\"> </span>dalle <span class=\"_ _4\"> </span>norme <span class=\"_ _10\"> </span>vigenti <span class=\"_ _4\"> </span>e <span class=\"_ _10\"> </span>dalle deliberazioni <span class=\"_ _e\"> </span>adottate <span class=\"_ _d\"> </span>dall\u2019Autorit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>settore. <span class=\"_ _d\"> </span>La <span class=\"_ _d\"> </span>normativa <span class=\"_ _d\"> </span>tariffaria, <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>vigore <span class=\"_ _d\"> </span>al <span class=\"_ _d\"> </span>momento <span class=\"_ _d\"> </span>dell\u2019approvazione <span class=\"_ _d\"> </span>del bilancio <span class=\"_ _10\"> </span>annuale <span class=\"_ _10\"> </span>c<span class=\"_ _5\"></span>onsolidato, <span class=\"_ _10\"> </span>fa <span class=\"_ _10\"> </span>r<span class=\"_ _5\"></span>iferimento<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>alla <span class=\"_ _10\"> </span>delibera <span class=\"_ _10\"> </span>dell\u2019Autorit\u00e0 <span class=\"_ _10\"> </span>616/2023/R/Eel <span class=\"_ _8\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>2<span class=\"_ _5\"></span>7 <span class=\"_ _10\"> </span>dicembre <span class=\"_ _8\"> </span>2023<span class=\"_ _3\"></span> (Regolazione <span class=\"_ _7\"></span>tariffaria <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>d<span class=\"_ _5\"></span>istribuzion<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>misura <span class=\"_ _5\"></span>dell\u2019energia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>periodo <span class=\"_ _7\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>regolazione <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>024<span class=\"_ _6\"></span><span class=\"ff1\">-<span class=\"_ _75\"> </span></span>2027) <span class=\"_ _d\"> </span>che <span class=\"_ _f\"> </span>ha <span class=\"_ _d\"> </span>sostituito <span class=\"_ _d\"> </span>la <span class=\"_ _f\"> </span>precedente <span class=\"_ _d\"> </span>delibera <span class=\"_ _d\"> </span>dell\u2019Autorit\u00e0 <span class=\"_ _d\"> </span>654/2015/R/Eel <span class=\"_ _e\"> </span>d<span class=\"_ _5\"></span>el <span class=\"_ _d\"> </span>23 <span class=\"_ _f\"> </span>dicembre <span class=\"_ _e\"> </span>2015 <span class=\"_ _f\"> </span>(Regolazione tariffaria <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>tra<span class=\"_ _3\"></span>smissione, <span class=\"_ _7\"></span>distribuzione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>misura <span class=\"_ _7\"></span>dell\u2019energia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>eriodo <span class=\"_ _5\"></span>di<span class=\"_ _5\"></span> <span class=\"_ _7\"></span>regolazione <span class=\"_ _5\"></span>2<span class=\"_ _5\"></span>016<span class=\"_ _6\"></span><span class=\"ff1\">-<span class=\"_ _75\"> </span></span>2023) vigente sino al<span class=\"_ _3\"></span> 31 dicembre 2023.  Con <span class=\"_ _f\"> </span>questa <span class=\"_ _d\"> </span>deliberazione <span class=\"_ _d\"> </span>l\u2019Autorit\u00e0 <span class=\"_ _d\"> </span>h<span class=\"_ _5\"></span>a <span class=\"_ _d\"> </span>emanato <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>disposizio<span class=\"_ _3\"></span>ni <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>materia<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>regolazione<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>tariffaria <span class=\"_ _d\"> </span>dei <span class=\"_ _f\"> </span>servizi <span class=\"_ _d\"> </span>di distribuzione <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>mi<span class=\"_ _3\"></span>sura <span class=\"_ _7\"></span>dell\u2019energ<span class=\"_ _3\"></span>ia <span class=\"_ _7\"></span>elettrica, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>periodo <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>regolazione <span class=\"_ _5\"></span>2024<span class=\"_ _7\"></span><span class=\"ff1\">-2027, <span class=\"_ _7\"></span>nonch\u00e9 <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>Testi <span class=\"_ _7\"></span>integrati<span class=\"_ _3\"></span> </span>per la distribuzione (Tit<span class=\"_ _3\"></span>) la misura (Time) e p<span class=\"_ _3\"></span>er il servizio di connes<span class=\"_ _3\"></span>sione (Tic).<span class=\"_ _5\"></span> Le <span class=\"_ _7\"></span>tariffe <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>servizi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>distribuzione <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>misura <span class=\"_ _7\"></span>coprono <span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>costi <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>er <span class=\"_ _7\"></span>il <span class=\"_ _5\"></span>trasporto <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>misurazione <span class=\"_ _5\"></span>dell'energia <span class=\"_ _7\"></span>elettrica sulle reti di <span class=\"_ _5\"></span>distribuzione.<span class=\"_ _3\"></span> Sono applicate a <span class=\"_ _5\"></span>tutti i clienti e hanno una s<span class=\"_ _5\"></span>truttura di tipo trinomio espressa in centesimi di<span class=\"_ _6\"></span> euro <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>punto <span class=\"_ _7\"></span>di <span class=\"_ _5\"></span>p<span class=\"_ _5\"></span>relievo <span class=\"_ _5\"></span>all\u2019anno <span class=\"_ _5\"></span>(quota <span class=\"_ _7\"></span>fissa), <span class=\"_ _5\"></span>centesimi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>euro <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>KW <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>anno <span class=\"_ _5\"></span>(quota <span class=\"_ _7\"></span>potenza) <span class=\"_ _5\"></span>e <span class=\"_ _7\"></span>centesimi <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>i euro per KWh consum<span class=\"_ _3\"></span>ato (quota energia). Le <span class=\"_ _e\"></span>tariffe <span class=\"_ _6\"></span>per <span class=\"_ _e\"> </span>i <span class=\"_ _e\"></span>servizi <span class=\"_ _6\"></span>d<span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>distribuzione <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>misura <span class=\"_ _6\"></span>sono <span class=\"_ _e\"></span>aggiornate <span class=\"_ _6\"></span>periodicamente <span class=\"_ _6\"></span>dal<span class=\"_ _5\"></span>l'autorit\u00e0 <span class=\"_ _6\"></span>nazionale <span class=\"_ _6\"></span>Arera <span class=\"_ _e\"></span>con idoneo provvedimento. Per <span class=\"_ _6\"> </span>l<span class=\"_ _5\"></span>\u2019anno <span class=\"_ _6\"></span>2024 <span class=\"_ _6\"></span>l\u2019aggiornamento <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>tariffe <span class=\"_ _6\"> </span>per<span class=\"_ _5\"></span> <span class=\"_ _6\"> </span>l\u2019uso <span class=\"_ _6\"> </span>dei <span class=\"_ _e\"> </span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>distribuzione <span class=\"_ _6\"> </span>e <span class=\"_ _e\"> </span>misura <span class=\"_ _6\"></span>dell\u2019energia <span class=\"_ _6\"></span>elettrica <span class=\"_ _6\"> </span>\u00e8 stato <span class=\"_ _7\"></span>determinato <span class=\"_ _5\"></span>con <span class=\"_ _7\"></span>delibera <span class=\"_ _5\"></span>6<span class=\"_ _5\"></span>30/2023/R/Eel <span class=\"_ _5\"></span>del <span class=\"_ _7\"></span>28 <span class=\"_ _7\"></span>dicembre <span class=\"_ _5\"></span>2023 <span class=\"_ _7\"></span>(aggiornamento, <span class=\"_ _5\"></span>per <span class=\"_ _7\"></span>l\u2019anno <span class=\"_ _7\"></span>2024, <span class=\"_ _5\"></span>d<span class=\"_ _5\"></span>elle <span class=\"_ _5\"></span>tariffe per <span class=\"_ _6\"></span>l\u2019uso <span class=\"_ _6\"></span>delle <span class=\"_ _6\"> </span>infrastrutture <span class=\"_ _6\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>distribuzione <span class=\"_ _6\"></span>e <span class=\"_ _e\"> </span>misura <span class=\"_ _6\"></span>dell\u2019energ<span class=\"_ _3\"></span>ia <span class=\"_ _6\"> </span>elettrica <span class=\"_ _6\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _6\"></span>clienti <span class=\"_ _6\"></span>domestici, <span class=\"_ _6\"></span>non domestici e delle condi<span class=\"_ _3\"></span>zioni economiche p<span class=\"_ _3\"></span>er l\u2019erogazione del se<span class=\"_ _3\"></span>rvizio di connessione).<span class=\"_ _5\"></span><span class=\"ff1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-68": {
   "value": "2.03.05 <span class=\"ls0\">- Elenco<span class=\"_ _3\"></span> parti correlate<span class=\"_ _3\"></span> </span>I valori riportati nella tabell<span class=\"_ _3\"></span>a al 31 dicembre 20<span class=\"_ _3\"></span>24<span class=\"_ _5\"></span> sono relativi all<span class=\"_ _3\"></span>e parti correlate di seg<span class=\"_ _3\"></span>uito elencate: Gruppo A - Socie<span class=\"_ _3\"></span>t\u00e0 controllate non con<span class=\"_ _3\"></span>solidat<span class=\"_ _3\"></span>e - Gruppo B - Socie<span class=\"_ _3\"></span>t\u00e0 collegate e<span class=\"_ _3\"></span> a controllo con<span class=\"_ _3\"></span>giunto<span class=\"_ _75\"> </span>Adria Link Srl Aimag Spa ASM SET Srl Aurora Srl Enomondo Srl H.E.P.T. Co. Ltd Natura Srl in liquidazio<span class=\"_ _3\"></span>ne Oikothen Scarl in liq<span class=\"_ _3\"></span>uidazione SEA <span class=\"ls0\">- Servizi Ecologici Ambientali S<span class=\"_ _3\"></span>rl </span>Set Spa Sgr Servizi Spa Tamarete Energia Srl Tre Monti Srl Gruppo C - Par<span class=\"_ _3\"></span>ti correlate a<span class=\"_ _3\"></span> influenza notevo<span class=\"_ _3\"></span>le Comune di Bologna Comune di Casalecchi<span class=\"_ _3\"></span>o di Reno Comune di Cesena Comune di Ferrara Comune di Imola Comune di Modena Comune di Padova Comune di Ravenna Comune di Rimini Comune di Trieste Con.Ami Ferrara Tua S<span class=\"ls10\">pa</span> Ravenna Holding Spa Rimini Holding Spa Gruppo D - Al<span class=\"_ _3\"></span>tre parti correlate Acosea Impianti Srl Acquedotto del Dragon<span class=\"_ _3\"></span>e Impianti Spa Aloe Spa Amir Spa - Asset Aspes Spa Calenia Energia Spa Fiorano Gestioni Patrim<span class=\"_ _3\"></span>oniali Srl Formigine Patrimonio Sr<span class=\"_ _3\"></span>l Maranello Patrimoni<span class=\"_ _3\"></span>o Srl Romagna Acque Spa Sassuolo Gestioni P<span class=\"_ _3\"></span>atrimoniali Srl Serramazzoni Patrimo<span class=\"_ _3\"></span>nio Srl Societ\u00e0 Italiana Servizi<span class=\"_ _3\"></span> Spa - Sis Spa asset Te.Am  Societ\u00e0 Territori<span class=\"_ _3\"></span>o Ambiente Srl Team Srl - Assets Unica Reti Spa - Asset Sindaci, amministrator<span class=\"_ _3\"></span>i, dirigenti strategici, familiari di dirigenti strategic<span class=\"_ _3\"></span>i ed entit\u00e0 correlate ai dirig<span class=\"_ _3\"></span>enti strategici<span class=\"_ _75\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-69": {
   "value": "Societ\u00e0 contro<span class=\"_ _3\"></span>llate DENOMINAZIONE SEDE LEGALE CAPITALE SOCIA<span class=\"_ _3\"></span>LE (EURO) (*) PERCENTUA<span class=\"_ _3\"></span>LE CONSOLIDATA INTERESSENZA COMPLESSIVA DIRETTA INDIRETTA A.C.R. di Reggiani <span class=\"_ _3\"></span>Albertino Spa Mirandola (Mo) 390.000 60,00% 60,00% Acantho Spa Imola (Bo) 27.094.468 70,16% 70,16% AcegasApsAmg<span class=\"_ _3\"></span>a Spa Trieste  284.677.324 100,00% 100,00% Aliplast Spa Istrana (Tv) 5.000.000 75,00% 75,00% Aliplast France Re<span class=\"_ _3\"></span>cyclage Sas La Wantzenau (Fra<span class=\"_ _3\"></span>ncia) 1.025.000 75,00% 75,00% Aliplast Iberia Sl<span class=\"_ _3\"></span>u Calle Castilla -Leon (S<span class=\"_ _3\"></span>pagna) 815.000 75,00% 75,00% Aliplast Polska Sp<span class=\"_ _3\"></span>zoo Zgierz (Polonia) 1.200.000 PLN 75,00% 75,00% Aresenergy Eoo<span class=\"_ _3\"></span>d Varna (Bulgaria) 50.000 Lev 100,00% 100,00% AresGas Ead Sofia (Bulgaria) 22.572.241 Lev 100,00% 100,00% Ares Trading Eo<span class=\"_ _3\"></span>od Varna (Bulgaria) 50.000 Lev 100,00% 100,00% Asa Scpa Castelmaggiore (B<span class=\"_ _3\"></span>O) 1.820.000 38,25% 38,25% Atlas Utilities Ea<span class=\"_ _3\"></span>d (**) Varna (Bulgaria) 50.000 Lev 100,00% 100,00% Biorg Srl Bologna 1.000.000 75,00% 75,00% Black Sea Gas Co<span class=\"_ _3\"></span>mpany Eood Varna (Bulgaria) 5.000 Lev 100,00% 100,00% EstEnergy Spa Trieste  299.925.761 100,00% 100,00% Etra Energia Srl Cittadella (Pd) 100.000 51,00% 51,00% F.lli Franchini Srl Rimini 1.100.000 100,00% 100,00% Feronia Srl Bologna  100.000 75,00% 75,00% Frullo Energia Ambi<span class=\"_ _3\"></span>ente Srl Bologna  17.139.100 38,25% 38,25% Green Factory Srl<span class=\"_ _3\"></span> Pesaro 500.000 46,70% 46,70%<span class=\"_ _75\"> </span>Herambiente Sp<span class=\"_ _3\"></span>a Bologna  271.648.000 75,00% 75,00% Herambiente Servi<span class=\"_ _3\"></span>zi Industriali Srl Bologna 5.000.000 75,00% 75,00% Hera Comm Spa<span class=\"_ _3\"></span> Imola (Bo) 53.595.899 100,00% 100,00% Hera Luce Srl Cesena 1.000.000 100,00% 100,00% Hera Servizi Energi<span class=\"_ _3\"></span>a Spa Udine 13.216.899 84,50% 84,50% Heratech Srl Bologna 2.000.000 100,00% 100,00% Hera Trading Srl Trieste  22.600.000 100,00% 100,00% HestAmbiente Srl<span class=\"_ _3\"></span> Trieste  1.010.000 82,50% 82,50% Horowatt Srl Cesena 550.000 50,00% 50,00% Inrete Distribuzione E<span class=\"_ _3\"></span>nergia Spa Bologna 10.091.815 100,00% 100,00% Macero Macerat<span class=\"_ _3\"></span>ese Srl Macerata (Mc)  1.032.912 46,70% 46,70% Marche Multiservizi S<span class=\"_ _3\"></span>pa Pesaro 16.388.535 46,70% 46,70% Marche Multiservizi <span class=\"_ _3\"></span>Falconara Srl Falconara Maritt<span class=\"_ _3\"></span>ima (An) 100.000 46,70% 46,70% Primagas Ad Varna (Bulgaria) 1.149.860 Lev 97,34% 97,34% Recycla Spa Maniago (Pn) 90.000 75,00% 75,00% Tiepolo Srl Bologna 1.305.000 100,00% 100,00% Tri-Generazione S<span class=\"_ _3\"></span>carl Padova  100.000 71,83% 71,83% Triveneta Luce Sc<span class=\"_ _3\"></span>arl Vicenza  400.000 100,00% 100,00% TRS Ecology Srl Caorso (PC) 1.000.000 75,00% 75,00% Uniflotte Srl Bologna  2.254.177 100,00% 100,00%<span class=\"_ _75\"> </span>Vallortigara Servizi <span class=\"_ _3\"></span>Ambientali Spa Torrebelvicino (Vi) 330.000 75,00% 75,00% Wolmann Spa<span class=\"_ _3\"></span> Bologna  400.000 100,00% 100,00%<span class=\"_ _75\"> </span>Prospetto <span class=\"_ _7\"></span>riepilogativo <span class=\"_ _7\"></span>dati <span class=\"_ _6\"></span>essenzi<span class=\"_ _3\"></span>ali <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>bilancio <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>s<span class=\"_ _5\"></span>ociet\u00e0 <span class=\"_ _7\"></span>controllate <span class=\"_ _7\"></span>a<span class=\"_ _5\"></span>i <span class=\"_ _7\"></span>sensi <span class=\"_ _7\"></span>dell\u2019art. <span class=\"_ _6\"></span>2429, <span class=\"_ _7\"></span>ultimo <span class=\"_ _7\"></span>comma, <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> C.c. MGL/EURO A.C.R. SPA ACANTHO SPA ACEGASAPSAMG<span class=\"_ _3\"></span>A  <span class=\"ls3b\">SPA*</span> ALIPLAST SPA ALIPLAST FRA<span class=\"_ _3\"></span>NCE RECYCLAGE S<span class=\"_ _3\"></span>AS ATTIVIT\u00c0 Immobilizzazioni 33.399 114.289 1.140.094 93.247 3.154 Attivo circolante 96.944 32.834 238.830 82.161 2.493 Totale attivit\u00e0 130.343 147.123 1.378.924 175.408 5.647 PASSIVIT\u00c0 Capitale sociale 390 27.094 284.677 5.000 1.025 Riserve  44.173 29.754 275.761 36.259 1.315 Utile netto / (perdit<span class=\"_ _3\"></span>a) 19.818 9.516 33.524 209 216 Fondi 85<span class=\"ls0\"> </span>50<span class=\"ls0\"> </span>38.074 455 \u2010<span class=\"ff4\"> </span>Fondo Tfr 463 1.118 9.760 597 \u2010<span class=\"ff4\"> </span>Debiti 65.415 79.591 737.128 132.888 3.091 Totale passivit\u00e0<span class=\"_ _3\"></span> 130.343 147.123 1.378.924 175.408 5.647 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 190.722 92.579 441.495 151.368 5.989 Costi della produzione<span class=\"_ _3\"></span> (155.381) (79.023) (393.773) (148.814) (5.782)<span class=\"_ _75\"> </span>Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari (585) 12<span class=\"ls0\"> </span>(4.165) (2.139) (39) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari (6.868) (1.772)  -<span class=\"ls8\">   </span> \u2010<span class=\"ff4\"> </span>118 Imposte dell'eserci<span class=\"_ _3\"></span>zio (8.070) (2.280) (10.033) (206) (70) Utile netto / (perdit<span class=\"_ _3\"></span>a) 19.818 9.516 33.524 209 216 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>MGL/EURO ALIPLAST IBERIA SLU ALIPLAST POL<span class=\"_ _3\"></span>SKA SPZOO ARES TRADI<span class=\"_ _3\"></span>NG EOOD ARESENERGY EOOD ARESGAS EAD ATTIVIT\u00c0 Immobilizzazioni 729 297  -<span class=\"ls8\">   </span> 6 83.020 Attivo circolante 1.135 1.569 852 824 5.115 Totale attivit\u00e0<span class=\"_ _3\"></span> 1.864 1.866 852 830 88.135 PASSIVIT\u00c0 Capitale sociale 815 281 26<span class=\"ls0\"> </span>26<span class=\"ls0\"> </span>11.541 Riserve  262 1.111 637 (92) 19.541 Utile netto / (perdit<span class=\"_ _3\"></span>a) 85<span class=\"ls0\"> </span>143 164 36<span class=\"ls0\"> </span>1.887 Fondi \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> 264 Fondo Tfr \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> 41<span class=\"ls0\"> </span>Debiti 702 331 25<span class=\"ls0\"> </span>860 54.861 Totale passivit\u00e0<span class=\"_ _3\"></span> 1.864 1.866 852 830 88.135 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 2.334 4.031 2.596 2.330 36.844 Costi della produzi<span class=\"_ _3\"></span>one (2.256) (3.843) (2.413) (2.278) (33.372) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari \u2010<span class=\"ff4\"> </span>(3) (1) (16) (1.403) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari 35<span class=\"ls0\"> </span>\u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> Imposte dell'eserci<span class=\"_ _3\"></span>zio (28) (42) (18)  -<span class=\"ls8\">   </span> (182) Utile netto / (perdit<span class=\"_ _3\"></span>a) 85<span class=\"ls0\"> </span>143 164 36<span class=\"ls0\"> </span>1.887 MGL/EURO ASA SCPA BIORG SRL BLACK SEA GA<span class=\"_ _3\"></span>S COMPANY EOOD ESTENERGY SPA* ETRA ENERGIA<span class=\"_ _3\"></span> SRL* ATTIVIT\u00c0 Immobilizzazioni 2.411 30.403 1.119 500.314 123 Attivo circolante 19.468 4.852 4.245 470.663 5.934 Totale attivit\u00e0<span class=\"_ _3\"></span> 21.879 35.255 5.364 970.977 6.057 PASSIVIT\u00c0 Capitale sociale 1.820 1.000 3 299.926 100 Riserve  622 8.000 4.815 184.045 1.578 Utile netto / (perdit<span class=\"_ _3\"></span>a) \u2010<span class=\"ff4\"> </span>(1.738) (281) 63.182 1.247 Fondi 16.766 146  -<span class=\"ls8\">   </span> 6.317  -<span class=\"ls8\">   </span> Fondo Tfr 105 30<span class=\"ls0\"> </span>91<span class=\"ls0\"> </span>2.005 60<span class=\"ls0\"> </span>Debiti 2.566 27.817 736 415.502 3.072 Totale passivit\u00e0<span class=\"_ _3\"></span> 21.879 35.255 5.364 970.977 6.057 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 6.343 7.144 3.445 1.241.691 11.970 Costi della produzi<span class=\"_ _3\"></span>one (6.799) (8.535) (3.722) (1.154.357) (10.311) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari 458 (764) (6) 13.188 91<span class=\"ls0\"> </span>Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> Imposte dell'eserci<span class=\"_ _3\"></span>zio (2) 417 2 (37.340) (503)<span class=\"_ _75\"> </span>Utile netto / (perdit<span class=\"_ _3\"></span>a) \u2010<span class=\"ff2 sc0\"> </span>(1.738) (281) 63.182 1.247 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>MGL/EURO F.LLI FRANCHINI<span class=\"_ _3\"></span> SRL FERONIA SRL FRULLO ENER<span class=\"_ _3\"></span>GIA AMBIENTE SRL*<span class=\"_ _3\"></span> GREEN FACTO<span class=\"_ _3\"></span>RY SRL HERA COMM SPA* ATTIVIT\u00c0 Immobilizzazioni 343 19.468 47.207 4.098 242.722 Attivo circolante 39.843 6.575 27.355 1.106 2.586.179 Totale attivit\u00e0 40.186 26.043 74.562 5.204 2.828.901 PASSIVIT\u00c0 Capitale sociale 1.100 100 17.139 500 53.596 Riserve  2.884 2.047 23.835 (63) 293.157 Utile netto / (perdit<span class=\"_ _3\"></span>a) 1.391 383 17.307 (16) 239.773 Fondi 100 4.646 1.867 \u2010<span class=\"ff4\"> </span>46.285 Fondo Tfr 395 \u2010<span class=\"ff4\"> </span>1.354 \u2010<span class=\"ff4\"> </span>3.918 Debiti 34.316 18.867 13.060 4.783 2.192.172 Totale passivit\u00e0<span class=\"_ _3\"></span> 40.186 26.043 74.562 5.204 2.828.901 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 19.935 4.670 45.538 \u2010<span class=\"ff4\"> </span>5.863.132 Costi della produzi<span class=\"_ _3\"></span>one (17.948) (4.073) (22.015) (16) (5.578.710) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari (55) (199) 420 \u2010<span class=\"ff4\"> </span>15.593 Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari \u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>\u2010<span class=\"ff4\"> </span>29.287 Imposte dell'eserci<span class=\"_ _3\"></span>zio (541) (15) (6.636) \u2010<span class=\"ff2 sc0\"> </span>(89.529) Utile netto / (perdita)<span class=\"_ _3\"></span> 1.391 383 17.307 (16) 239.773 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>MGL/EURO HERA LUCE SRL* HERA SERVI<span class=\"_ _3\"></span>ZI ENERGIA SPA* HERA TRADI<span class=\"_ _3\"></span>NG SRL* HERAMBIENTE SERVIZI  INDUSTRIALI S<span class=\"_ _3\"></span>RL* HERAMBIENTE SPA* ATTIVIT\u00c0 Immobilizzazioni 127.504 106.818 179 274.026 995.124 Attivo circolante 69.100 502.537 1.664.144 56.920 533.823 Totale attivit\u00e0 196.604 609.355 1.664.323 330.946 1.528.947 PASSIVIT\u00c0 Capitale sociale 1.000 13.217 22.600 5.000 271.599 Riserve  70.255 71.121 106.257 36.300 80.394 Utile netto / (perdit<span class=\"_ _3\"></span>a) 4.547 3.392 2.162 10.617 47.345 Fondi 1.114 18.472 \u2010<span class=\"ff4\"> </span>4.894 169.440 Fondo Tfr 633 1.540 662 2.448 5.597 Debiti 119.055 501.613 1.532.642 271.687 954.572 Totale passivit\u00e0<span class=\"_ _3\"></span> 196.604 609.355 1.664.323 330.946 1.528.947 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 94.174 199.297 6.721.634 159.326 549.700 Costi della produzi<span class=\"_ _3\"></span>one (91.512) (175.142) (6.723.114) (157.976) (496.947) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari 3.578 (19.436) 4.973 2.671 1.596 Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> \u2010<span class=\"ff4\"> </span>Imposte dell'eserci<span class=\"_ _3\"></span>zio (1.693) (1.327) (1.331) 6.596 (7.004) Utile netto / (perdit<span class=\"_ _3\"></span>a) 4.547 3.392 2.162 10.617 47.345 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>MGL/EURO HERATECH SRL* HESTAMBIENTE SRL* HOROWATT SRL INRETE DISTRIBUZIONE  ENERGIA SPA* MACERO MACERATESE <span class=\"_ _3\"></span>SRL<span class=\"_ _75\"> </span>ATTIVIT\u00c0 Immobilizzazioni 54<span class=\"ls0\"> </span>112.178 177 1.458.666 5.507 Attivo circolante 77.283 21.343 555 204.278 7.591 Totale attivit\u00e0<span class=\"_ _3\"></span> 77.337 133.521 732 1.662.944 13.098 PASSIVIT\u00c0 Capitale sociale 1.981 1.010 550 9.901 1.033 Riserve  1.369 24.329 \u2010<span class=\"ff4\"> </span>581.307 6.627 Utile netto / (perdit<span class=\"_ _3\"></span>a) 963 23.768 (6) 44.210 667 Fondi 110 5.856 \u2010<span class=\"ff4\"> </span>153.578 223 Fondo Tfr 3.544 438 \u2010<span class=\"ff4\"> </span>6.713 473 Debiti 69.370 78.120 188 867.235 4.075 Totale passivit\u00e0<span class=\"_ _3\"></span> 77.337 133.521 732 1.662.944 13.098 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produzio<span class=\"_ _3\"></span>ne 164.391 93.461 9 420.690 15.367 Costi della produzi<span class=\"_ _3\"></span>one (162.645) (59.081) (15) (338.705) (14.448) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari (341) (1.583) \u2010<span class=\"ff4\"> </span>(21.510) (26) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> \u2010<span class=\"ff4\"> </span>671 \u2010<span class=\"ff4\"> </span>Imposte dell'eserci<span class=\"_ _3\"></span>zio (442) (9.029) \u2010<span class=\"ff4\"> </span>(16.936) (226) Utile netto / (perdit<span class=\"_ _3\"></span>a) 963 23.768 (6) 44.210 667 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>MGL/EURO MARCHE MULTISERVI<span class=\"_ _3\"></span>ZI SPA MARCHE MULTISERVI<span class=\"_ _3\"></span>ZI FALCONARA S<span class=\"_ _3\"></span>RL PRIMAGAS AD<span class=\"ls0\"> </span>RECYCLA SPA TIEPOLO SRL ATTIVIT\u00c0 Immobilizzazioni 280.361 2.590 2.684 16.220 4.764 Attivo circolante 82.284 2.325 452 7.563 2.208 Totale attivit\u00e0<span class=\"_ _3\"></span> 362.645 4.915 3.136 23.783 6.972 PASSIVIT\u00c0 Capitale sociale 16.389 100 588 90<span class=\"ls0\"> </span>1.305 Riserve  115.976 828 1.149 6.465 (21) Utile netto / (perdit<span class=\"_ _3\"></span>a) 8.201 358 270 3.383 (70) Fondi 41.102 509 35<span class=\"ls0\"> </span>901 \u2010<span class=\"ff4\"> </span>Fondo Tfr 4.368 626  -<span class=\"ls8\">   </span> 1.269 \u2010<span class=\"ff4\"> </span>Debiti 176.609 2.494 1.094 11.675 5.758 Totale passivit\u00e0<span class=\"_ _3\"></span> 362.645 4.915 3.136 23.783 6.972 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 147.772 8.963 2.880 25.298 Costi della produzi<span class=\"_ _3\"></span>one (132.584) (8.406) (2.560) (20.569) (77) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari (2.019) (17) (21) (114) (15) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span>  -<span class=\"ls8\">   </span> \u2010<span class=\"ff4\"> </span>Imposte dell'eserci<span class=\"_ _3\"></span>zio (4.968) (182) (29) (1.232) 22<span class=\"ls0\"> </span>Utile netto / (perdit<span class=\"_ _3\"></span>a) 8.201 358 270 3.383 (70)<span class=\"_ _75\"> </span>MGL/EURO TRI-GENERAZION<span class=\"_ _3\"></span>E SCARL TRIVENETA LU<span class=\"_ _3\"></span>CE SCARL TRS ECOLOGY SRL UNIFLOTTE SRL* VALLORTIGAR<span class=\"_ _3\"></span>A SERVIZI AMBIENTALI SPA ATTIVIT\u00c0<span class=\"_ _75\"> </span>Immobilizzazioni  -<span class=\"ls8\">   </span> 3 6.<span class=\"ls3\">59<span class=\"ls0\">7 </span></span>147.364 18.135 Attivo circolante 665 358 10.<span class=\"ls0\">411<span class=\"_ _3\"></span> </span>31.835 13.328 Totale attivit\u00e0 665 361 17.<span class=\"ls0\">008<span class=\"_ _3\"></span> </span>179.199 31.463 PASSIVIT\u00c0 Capitale sociale 100 400 1.000 2.254 330 Riserve  289 (29) 3.775 32.696 13.592 Utile netto / (perdit<span class=\"_ _3\"></span>a) \u2010<span class=\"ff4\"> </span>(16) 505 2.248 2.309 Fondi \u2010<span class=\"ff4\"> </span>1.224 628 505 Fondo Tfr \u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span> 65<span class=\"ls0\"> </span>1.042 892 Debiti 276 6 10.439 140.331 13.835 Totale passivit\u00e0<span class=\"_ _3\"></span> 665 361 17.<span class=\"ls0\">008<span class=\"_ _3\"></span> </span>179.199 31.463 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 824  -<span class=\"ls8\">   </span> 16.7<span class=\"ls3\">84</span> 107.063 31.599 Costi della produzi<span class=\"_ _3\"></span>one (834) (16) (1<span class=\"ls0\">6.<span class=\"ls3\">021</span>) </span>(100.577) (28.318) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari 10<span class=\"ls0\"> </span> -<span class=\"ls8\">   </span> (5) (3.482) (97) Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari \u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span> \u2010<span class=\"ff4\"> </span>Imposte dell'eserci<span class=\"_ _3\"></span>zio \u2010<span class=\"ff4\"> </span> -<span class=\"ls8\">   </span> (2<span class=\"ls3\">53<span class=\"ls0\">) </span></span>(756) (875) Utile netto / (perdit<span class=\"_ _3\"></span>a) \u2010<span class=\"ff2 sc0\"> </span>(16) 505 2.248 2.309 *La societ\u00e0 applica i principi contabili internazionali e pertanto i valori esposti sono ad essi conformi<span class=\"fc0\">. </span>MGL/EURO WOLMANN SPA ATTIVIT\u00c0 Immobilizzazioni 41<span class=\"ls0\"> </span>Attivo circolante 9.186 Totale attivit\u00e0 9.227 PASSIVIT\u00c0 Capitale sociale 400 Riserve  1.055 Utile netto / (perdit<span class=\"_ _3\"></span>a) (972) Fondi 285 Fondo Tfr 186 Debiti 8.273 Totale passivit\u00e0<span class=\"_ _3\"></span> 9.227 CONTO ECONOMI<span class=\"_ _3\"></span>CO Valore della produ<span class=\"_ _3\"></span>zione 6.332 Costi della produzi<span class=\"_ _3\"></span>one (7.466) Proventi / (oneri) fin<span class=\"_ _3\"></span>anziari 196 Proventi / (oneri) str<span class=\"_ _3\"></span>aordinari (195) Imposte dell'eserci<span class=\"_ _3\"></span>zio 161 Utile netto / (perdit<span class=\"_ _3\"></span>a) (972)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-70": {
   "value": "2.06<span class=\"fc2\"> <span class=\"_ _2a\"> </span></span>- <span class=\"_ _6d\"> </span>PROSPETTO <span class=\"_ _6d\"> </span>ART.149 <span class=\"_ _2a\"> </span>DUODECIES <span class=\"_ _6d\"> </span>DEL REGOLAMENTO EMITTENTI CONSOB MGL/EURO SOCIET\u00c0 DI RE<span class=\"_ _3\"></span>VISIONE   2024 Prestazioni per la c<span class=\"_ _3\"></span>ertificazione del bilan<span class=\"_ _3\"></span>cio Deloitte &amp; Touche  598 KPMG 446 Prestazioni di altri s<span class=\"_ _3\"></span>ervizi finalizzati all'emi<span class=\"_ _3\"></span>ssione di un'atte<span class=\"_ _3\"></span>stazione rese dall<span class=\"_ _3\"></span>a societ\u00e0 di revisione Deloitte &amp; Touche  180 KPMG  183 Altre prestazioni di <span class=\"_ _3\"></span>servizi Deloitte &amp; Touche 23<span class=\"ls0\"> </span>KPMG 60<span class=\"ls0\"> </span>Totale 1.4<span class=\"ls1\">90</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "it",
    "entity": "scheme:8156009414FD99443B48",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fid-5abf2c14-f1a1-439d-83ed-1e46439a4c74": {
   "value": "Ai sensi <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>delibera <span class=\"_ _5\"></span>Consob <span class=\"_ _5\"></span>15519 del <span class=\"_ _5\"></span>27 <span class=\"_ _5\"></span>luglio <span class=\"_ _5\"></span>2006, <span class=\"_ _5\"></span>gli effetti <span class=\"_ _5\"></span>dei r<span class=\"_ _5\"></span>apporti con <span class=\"_ _5\"></span>parti <span class=\"_ _5\"></span>correlate <span class=\"_ _5\"></span>sono evidenziati <span class=\"_ _5\"></span>nell'apposito sche<span class=\"_ _5\"></span>ma di <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economico riportato al paragrafo 2.03.01 del presente bilancio consolidato.",
   "dimensions": {
    "concept": "xbrl:note",
    "noteId": "fid-5abf2c14-f1a1-439d-83ed-1e46439a4c74",
    "language": "it"
   }
  },
  "fid-5bd63227-f47e-4e82-83d1-9cacbbfa1959": {
   "value": "Ai <span class=\"_ _7\"></span>sensi <span class=\"_ _6\"></span>della <span class=\"_ _7\"></span>delibera <span class=\"_ _7\"></span>Con<span class=\"_ _5\"></span>sob <span class=\"_ _7\"></span>15519 <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>27 <span class=\"_ _7\"></span>luglio <span class=\"_ _7\"></span>200<span class=\"_ _5\"></span>6, <span class=\"_ _7\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>rapporti <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>parti <span class=\"_ _7\"></span>correlate <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>evidenziati <span class=\"_ _7\"></span>nell'a<span class=\"_ _7\"></span>pposito <span class=\"_ _7\"></span>sch<span class=\"_ _5\"></span>ema <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>re<span class=\"_ _5\"></span>ndiconto <span class=\"_ _7\"></span>finanziario riportato al paragrafo 2.03.03 del presente bilancio consolidato.",
   "dimensions": {
    "concept": "xbrl:note",
    "noteId": "fid-5bd63227-f47e-4e82-83d1-9cacbbfa1959",
    "language": "it"
   }
  },
  "fid-6e5f13a1-12f3-4e47-a4fb-9605337d3bae": {
   "value": "Ai sensi de<span class=\"_ _5\"></span>lla delibera <span class=\"_ _5\"></span>Consob 15519 del <span class=\"_ _5\"></span>27 luglio 20<span class=\"_ _5\"></span>06, gli <span class=\"_ _5\"></span>effetti dei rapporti con<span class=\"_ _5\"></span> parti correlate sono<span class=\"_ _5\"></span> evidenziati nell'a<span class=\"_ _7\"></span>pposito <span class=\"_ _5\"></span>schema della situazione patrimoniale<span class=\"_ _5\"></span>-<span class=\"_ _75\"> </span>finanziaria riportato al paragrafo 2.03.02 del presente bilancio consolidato.",
   "dimensions": {
    "concept": "xbrl:note",
    "noteId": "fid-6e5f13a1-12f3-4e47-a4fb-9605337d3bae",
    "language": "it"
   }
  },
  "fid-0490f1be-43c2-4777-8d95-f2ce7ab10b0d": {
   "value": "Ai sensi de<span class=\"_ _5\"></span>lla delibera <span class=\"_ _5\"></span>Consob 15519 del <span class=\"_ _5\"></span>27 luglio 20<span class=\"_ _5\"></span>06, gli <span class=\"_ _5\"></span>effetti dei rapporti con<span class=\"_ _5\"></span> parti correlate sono<span class=\"_ _5\"></span> <span class=\"_ _5\"></span>evidenziati <span class=\"_ _5\"></span>nell'apposito schema della situazion<span class=\"_ _5\"></span>e patrimoniale-<span class=\"_ _75\"> </span>finanziaria riportato al paragrafo 2.03.02 del presente bilancio consolidato.",
   "dimensions": {
    "concept": "xbrl:note",
    "noteId": "fid-0490f1be-43c2-4777-8d95-f2ce7ab10b0d",
    "language": "it"
   }
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 }
}