97003570583 2014-12-31 97003570583 2014-01-01 2014-12-31 97003570583 2013-12-31 97003570583 2013-01-01 2013-12-31 iso4217:EUR shares pure

COOPERATIVA CULTURALE LABORATORIO 2001 - SOCIETA' COOPERATIVA

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<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il presente bilancio è stato redatto in modo conforme alle disposizioni del D.Lgs. 9 aprile 1991, n. 127, che ha dato attuazione alle Direttive CEE 25 luglio 1978, n. 78/660 (IV Direttiva) e 13 giugno 1983, n. 83/349 (VII</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> </span></font><font face="Times New Roman"><span style=" font-size:11pt">Direttiva) in materia di redazione dei conti annuali e consolidati, ed in modo conforme al D.Lgs. 17 gennaio 2003, n. 6, recante la riforma organica della disciplina</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> </span></font><font face="Times New Roman"><span style=" font-size:11pt">delle società di capitali e delle società cooperative.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Si compone dei seguenti documenti:</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">- </span></font><font face="Times New Roman"><span style=" font-size:11pt">stato patrimoniale (attività, passività e capitale netto) e, in calce a questo, i conti d'ordine;</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">- </span></font><font face="Times New Roman"><span style=" font-size:11pt">conto economico;</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">- </span></font><font face="Times New Roman"><span style=" font-size:11pt">nota integrativa.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il presente documento costituisce pertanto, con lo stato patrimoniale, il conto economico e la nota integrativa, un unico atto. La sua funzione è quella di illustrare le voci contenute negli schemi di stato patrimoniale e di conto economico, integrandone i dati sintetico-quantitativi e di fornire ulteriori elementi di valutazione.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Vengono inoltre fornite tutte le informazioni complementari ritenute necessarie a dare una rappresentazione veritiera e corretta della situazione patrimoniale, economica e finanziaria della società, anche se non richieste da specifiche disposizioni di legge.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">In calce alla nota integrativa è esposto il rendiconto della posizione finanziaria netta, atto a fornire le necessarie informazioni di natura finanziaria.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">In ottemperanza al disposto di cui all’art. 2423 ter del codice civile, si segnala che:</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">- </span></font><font face="Times New Roman"><span style=" font-size:11pt">le voci di bilancio precedute da numeri arabi non risultano ulteriormente suddivise;</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">- </span></font><font face="Times New Roman"><span style=" font-size:11pt">non sono state aggiunte ulteriori voci rispetto a quelle previste dal codice civile;</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">- </span></font><font face="Times New Roman"><span style=" font-size:11pt">i dati del presente bilancio sono stati affiancati a quelli relativi all’esercizio precedente.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il bilancio di esercizio viene redatto con gli importi espressi in euro. In particolare, ai sensi dell’art. 2423, comma 5, c.c. lo stato patrimoniale e il conto economico sono predisposti in unità di euro. Il passaggio dai saldi di conto,</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> </span></font><font face="Times New Roman"><span style=" font-size:11pt">espressi in centesimi di euro, ai saldi di bilancio, espressi in unità di euro, è avvenuto mediante arrotondamento per eccesso</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> </span></font><font face="Times New Roman"><span style=" font-size:11pt">o per difetto in conformità a quanto dispone il Regolamento CE. La quadratura dei prospetti di bilancio, viene assicurata riepilogando i differenziali dello stato patrimoniale in una “Riserva per arrotondamenti in unità di euro”, iscrivibile nella voce A.VII Altre riserve e quelli del conto economico, alternativamente, in E.20) Proventi straordinario in E.21) Oneri straordinari.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I dati della presente nota integrativa sono espressi in unità di euro e pertanto i prospetti e le tabelle che seguono sono stati integrati per esigenze di quadratura dei saldi, con l’evidenziazione degli eventuali arrotondamenti necessari.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Ai sensi dell’art. 2 dello statuto sociale, la società opera prevalentemente nel settore della radiofonia, e, a supporto di tale attività, svolge anche attività editoriale a carattere librario.</span></font></p> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Nel corso dell’esercizio, l’attività si è estrinsecata prevalentemente nello svolgimento di gestione e conduzione, quale radio comunitaria con trasmissione sulla frequenza fm 87,9 e in streaming sul web ( www.ondarossa.info ), della testata radiofonica "Radio Onda Rossa", nonché a supporto dell'edizione dell'agenda/libro "Scarceranda".</span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">E’ stato redatto in forma abbreviata in quanto sussistono i requisiti di cui al comma 1 dell'art. 2435 bis del codice civile, e pertanto non è stata redatta la relazione sulla gestione. A completamento della doverosa informazione si precisa in questa sede che, ai sensi dell'art. 2428 punti 3) e 4) del codice civile, non esistono entità ivi indicate possedute dalla società anche per tramite di società fiduciaria o per interposta persona e che nessuna di tali entità è stata acquistata o alienata dalla società nel corso dell'esercizio, anche per tramite di società fiduciaria o per interposta persona. </span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></p><div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:4.22mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Mutualità prevalente</b></span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La Cooperativa è iscritta nell’Albo nazionale delle società cooperative al numero </span><span style=" font-size:11pt; display:none">#AZI00018</span><span style=" font-size:11pt">A/138154</span><span style=" font-size:11pt; display:none">#AZI00018End</span><span style=" font-size:11pt">, come previsto dall’art. 2512 C.C.</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman" color="#0f0f0f"><span style=" font-size:11pt">La stessa si avvale prevalentemente delle prestazioni lavorative dei suoi soci.</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La condizione di prevalenza di cui all’art. 2513 C.C. è dimostrata dai dati contabili sotto riportati:</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il costo del lavoro dei soci è superiore al cinquanta per cento del totale del costo del lavoro di cui all’art. 2425, primo comma, punto B9</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">A- Costo del lavoro totale: </span><span style=" font-size:11pt; display:none">#PCO66903</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">1.754</span></font><font face="Times New Roman"><span style=" font-size:11pt; display:none">#PCO66903End</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">B- Costo del lavoro dei soci: </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">1.382</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Rapporto B/A </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">78,79</span></font><font face="Times New Roman"><span style=" font-size:11pt">%</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La condizione di oggettiva prevalenza di cui all’art. 2513 C.C. è pertanto raggiunta: i costi del lavoro dei soci rappresentano il </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">78,79%</span></font><font face="Times New Roman"><span style=" font-size:11pt"> dei costi del lavoro totali.</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></p><p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il costo per il personale è costituito </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">per la maggior parte dall'</span></font><font face="Times New Roman"><span style=" font-size:11pt"> assicurazione INAIL per i soci della Cooperativa che prestano la loro opera gratuita, volontaria e non retribuita ai sensi dell'art.2 dello Statuto sociale.</span></font></p> <div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:4.22mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Compagine sociale e ammissione nuovi soci</b></span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Ai sensi dell’art. 2528 C.C. si informa inoltre che la cooperativa nell’anno </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">2014 non</span></font><font face="Times New Roman"><span style=" font-size:11pt"> ha deliberato l’ammissione di nuovi soci, tenendo conto delle rispettive qualità professionali; </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">non vi sono stat</span></font><font face="Times New Roman"><span style=" font-size:11pt">e domande di ammissione non accolte nel corso dell’anno</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> in quanto non presentate.</span></font></p> <div align="left" style="line-height: 140%; "> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u>Criteri di valutazione</u></i></b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I criteri di valutazione utilizzati per redigere il presente bilancio non si discostano da quelli seguiti per la formazione del bilancio del precedente esercizio.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La valutazione delle voci di bilancio è stata fatta ispirandosi ai principi generali:</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">- della prudenza. Sono stati indicati esclusivamente gli utili realizzati alla data di chiusura dell’esercizio e si è tenuto conto dei rischi e delle perdite di competenza dell’esercizio, anche se conosciuti dopo la chiusura di questo;</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">- della competenza economica. L’effetto delle operazioni di gestione e degli altri eventi è stato rilevato contabilmente ed attribuito all'esercizio al quale tali operazioni ed eventi si riferiscono, indipendentemente dalla data dell’incasso o del pagamento;</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">- della prospettiva di continuità dell’impresa;</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">- della continuità di applicazione dei criteri di valutazione nel tempo, condizione essenziale per la comparabilità dei bilanci nei diversi esercizi;</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">- della prevalenza degli aspetti sostanziali su quelli formali. Le operazioni e tutti gli accadimenti economici sono stati rappresentati secondo la realtà economica sottostante gli aspetti formali.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">In particolare, i criteri utilizzati nella redazione del bilancio vengono di seguito illustrati con riferimento alle singole voci di bilancio.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Immobilizzazioni immateriali</b></span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I valori originari d’iscrizione sono rappresentati dal costo di acquisto, comprensivo degli oneri accessori, o dal costo di produzione, comprensivo di tutti i costi direttamente imputabili e deicosti indiretti per la quota ragionevolmente imputabile. Il valore delle immobilizzazioni è stato rettificato dagli ammortamenti effettuati nel corso degli esercizi ed imputati direttamente alle singole voci. La durata ipotizzata per il processo di ammortamento, distinta per singola categoria, risulta la seguente:</span></font></p> <ul style="margin-bottom: 0mm; list-style-type: disc; "> <li style="margin-left: -7pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; font-family:Times New Roman; color:#000000; font-weight:Normal; font-style:Normal; font-decoration:Normal">Ristrutturazioni su immobili di terzi: anni 20 (aliquota 5%).</span></font></p> </div></li> </ul> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Qualora si riscontri una riduzione durevole delle condizioni di utilizzo futuro e pertanto una perdita durevole di valore, le immobilizzazioni vengono corrispondentemente svalutate. Nel momento in cui, in esercizi successivi, vengono meno le cause che hanno determinato la svalutazione, il valore originario viene ripristinato al netto degli ulteriori ammortamenti non calcolati a causa della precedente svalutazione.</span></font></p> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Immobilizzazioni materiali</b></span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Sono iscritte al costo di acquisto, comprensivo degli oneri accessori d’acquisto e di ogni altro onere che l’impresa ha dovuto sostenere perché l’immobilizzazione potesse essere utilizzata. </span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I costi rivolti all’ampliamento, ammodernamento o miglioramento delle immobilizzazioni sono stati capitalizzati solo nella misura in cui si sono tradotti in un aumento significativo e misurabile di capacità o di produttività o di sicurezza o di vita utile del bene.</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Nel corso degli anni non sono state effettuate rivalutazioni in base a leggi dello Stato.</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il valore delle immobilizzazioni è stato rettificato dagli ammortamenti effettuati sistematicamente nel corso degli esercizi e calcolati sulla base del criterio della residua possibilità di utilizzazione. La durata economica ipotizzata per le diverse categorie ha comportato l’applicazione delle seguenti aliquote, invariate rispetto all'esercizio precedente e ridotte alla metà nell'esercizio di entrata in funzione del bene:</span></font></p> <ul style="margin-bottom: 0mm; list-style-type: disc; "> <li style="margin-left: 14pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; font-family:Times New Roman; color:#000000; font-weight:Normal; font-style:Normal; font-decoration:Normal">impianti - apparecchiature di studio e di trasmissione radioantenna: anni 8 (aliquota 12,5%);</span></font></p> </div></li> <li style="margin-left: 14pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; font-family:Times New Roman; color:#000000; font-weight:Normal; font-style:Normal; font-decoration:Normal">altri beni - apparecchiature di studio, macchine elettroniche e per la telefonia: anni 5 (aliquota 20%);</span></font></p> </div></li> <li style="margin-left: 14pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; font-family:Times New Roman; color:#000000; font-weight:Normal; font-style:Normal; font-decoration:Normal">altri beni - apparecchiature di studio: anni 4 (aliquota 25%)</span></font></p> </div></li> <li style="margin-left: 14pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; font-family:Times New Roman; color:#000000; font-weight:Normal; font-style:Normal; font-decoration:Normal">impianti - climatizzazione studio: anni 4 (aliquota 25%);</span></font></p> </div></li> <li style="margin-left: 14pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; color: #010101; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; font-family:Times New Roman; color:#000000; font-weight:Normal; font-style:Normal; font-decoration:Normal">altri beni - apparecchiatura di studio, mobili e arredi varia e minuta: anni 1 (aliquota 100%);</span></font></p> </div></li> <li style="margin-left: 14pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt; font-family:Times New Roman; color:#010101; font-weight:Normal; font-style:Normal; font-decoration:Normal">impianti - impianti di trasmissione: anni 10 (10%)</span></font><font face="Times New Roman"><span style=" font-size:11pt">.</span></font></p> </div></li> </ul> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Qualora si riscontri una riduzione durevole delle condizioni di utilizzo futuro e pertanto una perdita durevole di valore, le immobilizzazioni vengono corrispondentemente svalutate. Nel momento in cui, in esercizi successivi, vengono meno le cause che hanno determinato la svalutazione, il valore originario viene totalmente o parzialmente ripristinato.</span></font></p> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Crediti</b></span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Risultano iscritti al valore di presunto realizzo al termine dell’esercizio. Il processo valutativo è stato realizzato con riferimento ad ogni posizione creditoria, tenendo conto di tutte le situazioni già manifestatesi o comunque desumibili da elementi certi e precisi che possano comportare delle perdite. L’adeguamento al presumibile valore di realizzo è stato ottenuto mediante l’iscrizione di appositi fondi di svalutazione.</span></font></p> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Rimanenze di magazzino</b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#262626"><span style=" font-size:11pt">Sono iscritte al costo di acquisto. In particolare la valutazione è avvenuta attribuendo ad ogni unità il valore risultante dalla divisione del costo complessivo per la loro quantità. </span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Disponibilità liquide</b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I depositi bancari e la cassa sono iscritti in bilancio al valore nominale.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Ratei e risconti attivi e passivi</b></span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Sono quote di costi e di proventi comuni a più esercizi determinate secondo criteri di competenza temporale.</span></font></p> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Fondo TFR</b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Rappresenta l'effettivo debito maturato verso i dipendenti secondo l’articolo 2120 c.c. e dei contratti di lavoro vigenti, considerando ogni forma di remunerazione avente carattere continuativo.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il fondo corrisponde al totale delle singole indennità maturate a favore dei dipendenti alla data di chiusura del bilancio, al netto degli accordi erogati, ed è pari a quanto si sarebbe dovuto corrispondere ai dipendenti nell'ipotesi di cessazione del rapporto di lavoro in tale data.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Debiti</b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Sono rilevati al loro valore nominale.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Riconoscimento dei ricavi</b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I ricavi derivanti dalle vendite di prodotti sono stati iscritti al momento del trasferimento della proprietà, da identificarsi con la consegna o la spedizione dei beni.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I ricavi relativi a prestazioni di servizi sono riconosciuti al momento della loro ultimazione.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Imposte sul reddito</b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Le imposte sono determinate secondo il principio di competenza economica, e sono formate da:</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">- </span></font><font face="Times New Roman"><span style=" font-size:11pt">Imposte correnti liquidate o da liquidare per l’esercizio, determinate secondo le aliquote e le norme vigenti, a titolo di IRES e di IRAP</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">- </span></font><font face="Times New Roman"><span style=" font-size:11pt">Imposte differite computate sulle differenze temporanee imponibili originate nell’esercizio e lo storno del fondo imposte differite per differenze temporanee imponibili riversate nell’esercizio, a titolo di IRES e di IRAP</span></font></div> <div align="justify" style="margin-left:10mm; margin-right:0mm; text-indent:-3mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">- </span></font><font face="Times New Roman"><span style=" font-size:11pt">Imposte anticipate computate sulle differenze temporanee deducibili originate nell’esercizio e lo storno delle imposte anticipate per differenze temporanee deducibili riversate nell’esercizio, a titolo di IRES e di IRAP</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Le imposte anticipate sono iscritte qualora vi sia la ragionevole certezza del loro recupero negli esercizi successivi.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Garanzie, impegni, beni di terzi e rischi</b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Non sussistono rischi per i quali la manifestazione di una passività è solo possibile; inoltre non si è tenuto conto dei rischi di natura remota.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Deroghe</b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Non vi sono deroghe ai criteri di valutazione applicati.</span></font></div> <div align="left" style="line-height: 140%; "> </div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Valori espressi in valuta estera</b></span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Con riferimento alla data di chiusura dell’esercizio, non vi sono crediti e debiti espressi originariamente in valuta estera. </span></font></p>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Lo stato patrimoniale rappresenta la situazione patrimoniale e finanziaria della società. Nello stato patrimoniale sono indicate le attività, le passività e il patrimonio netto della società alla data di chiusura dell’esercizio.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">La classificazione degli elementi dell'attivo è effettuata principalmente sulla base del criterio di destinazione come disposto dall'articolo 2424-bis, comma 1. </span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">L’articolo 2424 codice civile prescrive uno schema obbligatorio, analitico e redatto in modo tale da evidenziare aggregati parziali. La forma dello stato patrimoniale è quella a sezioni contrapposte, denominate rispettivamente Attivo e Passivo.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Sono dettagliati i crediti iscritti tra le immobilizzazioni finanziarie di origine finanziaria esigibili entro l'esercizio e i crediti iscritti nell'attivo circolante di origine commerciale esigibili oltre l'esercizio</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Vengono di seguito dettagliati i beni immateriali.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">L'ammontare degli oneri finanziari imputati nell'esercizio ai valori iscritti in bilancio verrà esposto in seguito.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Qui di seguito sono dettagliati i movimenti delle immobilizzazioni immateriali.</span></font></div>

<table width="646" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="351"></col> <col width="220"></col> <col width="76"></col> </colgroup> <tr> <td align="center" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="right" valign="top" width="211" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Costi imp. e ampliam.</b></span></font></div> </td> <td align="center" valign="top" width="67" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Altre</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Costo storico</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">14.000</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Rivalutazioni in esercizi precedenti</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Ammortamenti in esercizi precedenti</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">-2.591</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Svalutazioni in esercizi precedenti</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" height="16" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Saldo inizio esercizio</span></font></div> </td> <td align="right" valign="top" width="211" height="16" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">11.409</span></font></div> </td> <td align="right" valign="top" width="67" height="16" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Acquisti nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Riclassificazioni da altra voce</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Riclassificazioni ad altra voce</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Alienazioni nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Fondo ammortamento beni ceduti</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Rivalutazioni nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Ammortamenti nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">-700</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Svalutazioni nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="211" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="67" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="342" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="211" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>10.709</b></span></font></div> </td> <td align="right" valign="top" width="67" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td></tr> </table> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Non vi sono state ulteriori acquisizioni dell’esercizio dei "Costi Impianto e Ampliamento" che si riferiscono alla quota di costo di competenza della Cooperativa per i lavori effettuati sull'immobile dal Condominio in cui si trova l'unità immobiliare in comodato ove ha sede e studi radiofonici la Cooperativa medesima, nonché a spese di ristrutturazione e manutenzione effettuate nella medesima unità immobiliare.</span></font></p> <div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "> </div> <div style="margin-left: 0mm;"> <table width="646" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="236"></col> <col width="79"></col> <col width="84"></col> <col width="89"></col> <col width="80"></col> <col width="79"></col> </colgroup> <tr> <td align="center" valign="top" width="227" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="right" valign="top" width="70" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="right" valign="top" width="75" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Incremento</b></span></font></div> </td> <td align="right" valign="top" width="80" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Decremento</b></span></font></div> </td> <td align="right" valign="top" width="71" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Amm.to esercizio</b></span></font></div> </td> <td align="center" valign="top" width="70" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="227" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Ristrutturazioni su beni di terzi</span></font></div> </td> <td align="right" valign="top" width="70" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">11.409</span></font></div> </td> <td align="right" valign="top" width="75" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="80" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="71" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">700</span></font></div> </td> <td align="right" valign="top" width="70" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">10.709</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="227" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="70" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>11.409</b></span></font></div> </td> <td align="right" valign="top" width="75" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="80" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="71" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>700</b></span></font></div> </td> <td align="right" valign="top" width="70" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>10.709</b></span></font></div> </td></tr> </table> </div> <div align="justify" style="margin-left:1mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="margin-left:1mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Non sono state operate svalutazioni ex art. 2426, comma 1, n. 3) c.c.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u>Commento conclusivo: immobilizzazioni immateriali</u></i></b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I coefficienti di ammortamento non sono variati rispetto all’esercizio precedente.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Vengono di seguito dettagliati i beni materiali.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "> </div>

<p style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:2.11mm; margin-bottom:4.22mm;line-height: 140%; "> </p> <table width="646" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="252"></col> <col width="156"></col> <col width="172"></col> <col width="66"></col> </colgroup> <tr> <td align="center" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="right" valign="top" width="147" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Impianti e macchinari</b></span></font></div> </td> <td align="right" valign="top" width="163" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Attrezzature ind. e com.</b></span></font></div> </td> <td align="right" valign="top" width="57" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Altri beni</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Costo storico</span></font></div> </td> <td align="right" valign="top" width="147" height="18" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">33.498</span></font></div> </td> <td align="right" valign="top" width="163" height="18" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">333</span></font></div> </td> <td align="right" valign="top" width="57" height="18" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">4.849</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Rivalutazioni in esercizi precedenti</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Ammortamenti in esercizi precedenti</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">32.988</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">121</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">4.849</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Svalutazioni in esercizi precedenti</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Saldo inizio esercizio</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">510</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">212</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Acquisti nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">5.072</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Riclassificazioni da altra voce</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Riclassificazioni ad altra voce</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Alienazioni nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Fondo ammortamento beni ceduti</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" height="17" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Rivalutazioni nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="147" height="17" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="163" height="17" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="57" height="17" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" height="17" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Ammortamenti nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="147" height="17" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">643</span></font></div> </td> <td align="right" valign="top" width="163" height="17" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">61</span></font></div> </td> <td align="right" valign="top" width="57" height="17" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Svalutazioni nell'esercizio</span></font></div> </td> <td align="right" valign="top" width="147" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="163" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="57" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="243" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="147" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>4.939</b></span></font></div> </td> <td align="right" valign="top" width="163" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>151</b></span></font></div> </td> <td align="right" valign="top" width="57" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td></tr> </table> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></p><p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Le acquisizioni dell’esercizio si riferiscono all'acquisto di </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">impianto specifico per le trasmissioni, un traliccio, e attrezzature varie</span></font><font face="Times New Roman"><span style=" font-size:11pt">.</span></font></p> <div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u>Commento conclusivo: immobilizzazioni materiali</u></i></b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I coefficienti di ammortamento non sono variati rispetto all’esercizio precedente.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "> </div>

<div align="left"><font face="Times New Roman"><span style=" font-size:11pt">La società non ha in essere alcun contratto di locazione finanziaria. </span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">La società non ha</span></font><font face="Times New Roman"><span style=" font-size:11pt"> immobilizzazioni finanziarie</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito vengono dettagliate le voci dell'attivo circolante con specifico dettaglio delle rimanenze / dettaglio crediti / dettaglio crediti verso clienti / analisi disponibilità liquide come richiesto dai principi contabili nazionali.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u>Rimanenze</u></i></b></span></font></div> <p style="margin-left:1mm; margin-right:0mm; text-indent:0mm; margin-top:2.11mm; margin-bottom:4.22mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito si fornisce un dettaglio de</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">lle rimanenze.</span></font></p> <table width="646" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Prodotti finiti e merci</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">16.835</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">16.154</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">-681</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>16.835</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>16.154</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>-681</b></span></font></div> </td></tr> </table> <p align="justify" style="margin-left:1mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Le rimanenze di prodotti finiti e di merci si riferiscono invece a prodotti editoriali e musicali</span></font></p> <p align="justify" style="margin-left:1mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I metodi di valutazione non sono variati rispetto a quelli adottati per la redazione del bilancio del precedente esercizio e non si segnalano rilevanti cambiamenti nella classificazione delle voci.</span></font></p> <p style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:2.11mm; margin-bottom:4.22mm;line-height: 140%; "> </p> <table width="646" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2012</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Prodotti finiti e merci</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">16.665</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">16.835</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">170</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>16.665</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>16.835</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>170</b></span></font></div> </td></tr> </table> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Le rimanenze di prodotti finiti e di merci si riferiscono invece a prodotti editoriali e musicali</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I metodi di valutazione non sono variati rispetto a quelli adottati per la redazione del bilancio del precedente esercizio e non si segnalano rilevanti cambiamenti nella classificazione delle voci.</span></font></p> <div align="justify" style="margin-left:1mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Qui di seguito sono riportate le variazioni delle rimanenze.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito vengono dettagliate le voci dell'attivo circolante con specifico dettaglio delle variazioni dei crediti / dettaglio crediti verso clienti e/o dei crediti verso altri / analisi disponibilità liquide come richiesto dai principi contabili nazionali.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<table width="646" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Verso clienti</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">1.500</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">1.500</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Crediti tributari</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">23.677</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">28.831</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">5.154</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Verso altri</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">252</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">252</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>25.429</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>30.583</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>5.154</b></span></font></div> </td></tr> </table> <div align="left" style="margin-left:1mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Le principali variazioni sono da ascriversi all'incremento del credito IVA</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">.</span></font><font face="Times New Roman"><span style=" font-size:11pt"> </span></font></div>

<div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La ripartizione dei crediti secondo area geografica è riportata nella tabella seguente.</span></font></div> <table width="646" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="340"></col> <col width="111"></col> <col width="83"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="331" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Crediti per area geografica</b></span></font></div> </td> <td align="right" valign="top" width="102" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>V/clienti</b></span></font></div> </td> <td align="right" valign="top" width="74" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>V/altri</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Totale</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="331" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Italia</span></font></div> </td> <td align="right" valign="top" width="102" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">1.500</span></font></div> </td> <td align="right" valign="top" width="74" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">29.083</span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">30.583</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="331" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Estero</span></font></div> </td> <td align="right" valign="top" width="102" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="74" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="331" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="102" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>1.500</b></span></font></div> </td> <td align="right" valign="top" width="74" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>29.083</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>30.583</b></span></font></div> </td></tr> </table> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u>Altre informazioni: crediti</u></i></b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito si fornisce un dettaglio dei crediti verso clienti.</span></font></div> <div align="justify" style="line-height: 140%; "> </div> <center> <table width="477" align="center" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="364"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Importo</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Crediti documentati da fatture</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">1.500</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>1.500</b></span></font></div> </td></tr> </table> </center> <div align="left" style="line-height: 140%; "> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito si fornisce un dettaglio dei crediti verso altri.</span></font></div> <div align="justify" style="line-height: 140%; "> </div> <center> <table width="477" align="center" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="364"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Importo</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Depositi cauzionali in denaro</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">252</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>252</b></span></font></div> </td></tr> </table> </center> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito è esposto un dettaglio della voce "Ratei e risconti attivi".</span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Misurano proventi (oneri) la cui manifestazione numeraria è posticipata (anticipata) rispetto alla competenza economica.</span></font></p> <table width="646" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Ratei attivi</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">27</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">27</span></font></div> </td></tr> </table> <table width="646" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-left-width: 0px; border-color: #010101; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="left" valign="top" width="301" style="border-left:solid #010101 0px; border-right:solid #bfbfbf 1px; border-top:solid #bfbfbf 1px; border-bottom:solid #bfbfbf 1px; "> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Risconti attivi</span></font></div> </td> <td align="right" valign="top" width="105" style="border-left:solid #bfbfbf 1px; border-right:solid #010101 0px; border-top:solid #bfbfbf 1px; border-bottom:solid #bfbfbf 1px; "> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">200</span></font></div> </td> <td align="right" valign="top" width="105" style="border-left:solid #010101 0px; border-right:solid #010101 0px; border-top:solid #bfbfbf 1px; border-bottom:solid #bfbfbf 1px; "> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">581</span></font></div> </td> <td align="right" valign="top" width="105" style="border-left:solid #010101 0px; border-right:solid #010101 0px; border-top:solid #bfbfbf 1px; border-bottom:solid #bfbfbf 1px; "> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">381</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="301" bgcolor="#f5f6f8" style="border-left:solid #010101 0px; border-right:solid #bfbfbf 1px; border-top:solid #bfbfbf 1px; border-bottom:solid #bfbfbf 1px; "> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="105" bgcolor="#f5f6f8" style="border-left:solid #bfbfbf 1px; border-right:solid #010101 0px; border-top:solid #bfbfbf 1px; border-bottom:solid #bfbfbf 1px; "> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>200</b></span></font></div> </td> <td align="right" valign="top" width="105" bgcolor="#f5f6f8" style="border-left:solid #010101 0px; border-right:solid #010101 0px; border-top:solid #bfbfbf 1px; border-bottom:solid #bfbfbf 1px; "> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>608</b></span></font></div> </td> <td align="right" valign="top" width="105" bgcolor="#f5f6f8" style="border-left:solid #010101 0px; border-right:solid #010101 0px; border-top:solid #bfbfbf 1px; border-bottom:solid #bfbfbf 1px; "> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>408</b></span></font></div> </td></tr> </table> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></p><p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La voce “R</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">atei</span></font><font face="Times New Roman"><span style=" font-size:11pt">” risulta così composta:</span></font></p> <center> <table width="477" align="center" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="364"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Importo</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">interessi c/c postale</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">27</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>27</b></span></font></div> </td></tr> </table> </center> <div align="left" style="margin-left:2mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></div><p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La voce “Risconti attivi” risulta così composta:</span></font></p> <center> <table width="477" align="center" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="363"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="354" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Importo</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="354" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">assicurazioni</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">320</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="354" height="17" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">servizi telematici/telefonici</span></font></div> </td> <td align="right" valign="top" width="104" height="17" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">261</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="354" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>581</b></span></font></div> </td></tr> </table> </center> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></p><div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Non sussistono, alla data di chiusura dell’esercizio, ratei e risconti aventi durata superiore a cinque anni.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Di seguito si fornisce un riepilogo delle variazioni registrate nelle altre voci dell'attivo.</span></font></div>

-681

5154

-29223

408

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">La classificazione delle voci del passivo è effettuata principalmente sulla base della natura delle fonti di finanziamento, cio al fine di distinguere i mezzi propri da quelli di terzi.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il capitale sociale risulta così composto alla data di chiusura dell’esercizio:</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il capitale sociale</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> di Euro 325,00</span></font><font face="Times New Roman"><span style=" font-size:11pt"> risulta composto da n.</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">13 </span></font><font face="Times New Roman"><span style=" font-size:11pt">quote dal valore nominale, rispettivamente, di Euro </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">25,00</span></font><font face="Times New Roman"><span style=" font-size:11pt">.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Durante l’esercizio </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">non ci sono state variazioni nella compagine sociale.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Con riferimento alla consistenza delle voci di patrimonio netto, si riportano nel prospetto che segue le principali variazioni registrate nell’esercizio in corso rispetto a quello precedente.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Immediatamente sotto è dettagliata la composizione della voce "Altre riserve".</span></font></div>

3165

7067

30564

10232

30564

<div align="left" style="margin-left:1mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></div><p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Si forniscono infine le seguenti informazioni aggiuntive:</span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La voce “Riserve statutarie”, è formata dalla riserva costituita ai sensi dell'art.6 lett.d) dello Statuto sociale, ed </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">si </span></font><font face="Times New Roman"><span style=" font-size:11pt">è formata a seguito di rinuncia per liberalità ai crediti per finanziamenti infruttiferi da parte dei soci a favore della società.</span></font></p> <div align="left" style="line-height: 140%; "> </div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:2.81mm; margin-bottom:0.70mm;line-height: 140%; "><font face="Times New Roman" color="#262626"><span style=" font-size:11pt"><b><i>La composizione della voce “Altre riserve” risulta essere la seguente:</i></b></span></font></p> <table width="651" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="265"></col> <col width="98"></col> <col width="98"></col> <col width="95"></col> <col width="95"></col> </colgroup> <tr> <td align="center" valign="top" width="256" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="right" valign="top" width="89" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="right" valign="top" width="89" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Incremento</b></span></font></div> </td> <td align="right" valign="top" width="86" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Decremento</b></span></font></div> </td> <td align="right" valign="top" width="86" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="256" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Riserva straordinaria</span></font></div> </td> <td align="right" valign="top" width="89" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">2.800</span></font></div> </td> <td align="right" valign="top" width="89" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="86" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="86" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">2.800</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="256" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Riserva indivisibile</span></font></div> </td> <td align="right" valign="top" width="89" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">30.763</span></font></div> </td> <td align="right" valign="top" width="89" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">7.068</span></font></div> </td> <td align="right" valign="top" width="86" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="86" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">37.831</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="256" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="89" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>33.563</b></span></font></div> </td> <td align="right" valign="top" width="89" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>7.068</b></span></font></div> </td> <td align="right" valign="top" width="86" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="86" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>40.631</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="256" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>arrotondamento</b></span></font></div> </td> <td align="right" valign="top" width="89" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="89" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="86" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>1</b></span></font></div> </td> <td align="right" valign="top" width="86" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>-1</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="256" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>da bilancio</b></span></font></div> </td> <td align="right" valign="top" width="89" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>33.563</b></span></font></div> </td> <td align="right" valign="top" width="89" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>7.068</b></span></font></div> </td> <td align="right" valign="top" width="86" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="86" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>40.630</b></span></font></div> </td></tr> </table> <div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u><br /></u></i></b></span></font></div><div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">L</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">a </span></font><font face="Times New Roman"><span style=" font-size:11pt">principale variazion</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">e è</span></font><font face="Times New Roman"><span style=" font-size:11pt"> da ascrivere a</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">ll'incremento da destinazione dell'utile 2013.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Le voci di patrimonio netto e le altre riserve vengono analiticamente indicate nel prospetto seguente con la specificazione della loro origine, possibilità di utilizzazione, distribuibilità, nonché della loro avvenuta utilizzazione nei tre esercizi precedenti.</span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Le voci di patrimonio netto vengono analiticamente indicate con la specificazione della loro origine, possibilità di utilizzazione e distribuibilità:</span></font></p> <div align="left" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>A</b></span><span style=" font-size:11pt"> = per aumento di capitale; </span></font></div> <div align="left" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>B</b></span><span style=" font-size:11pt"> = per copertura perdite; </span></font></div> <div align="left" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>C</b></span><span style=" font-size:11pt"> = per distribuzione ai soci</span></font></div> <div align="justify" style="line-height: 140%; "> </div>

<div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u><br /></u></i></b></span></font></div><p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Le voci di patrimonio netto vengono analiticamente indicate nel prospetto seguente con la specificazione della loro origine, possibilità di utilizzazione, distribuibilità, nonché della loro avvenuta utilizzazione nei tre esercizi precedenti:</span></font></p> <table width="646" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="222"></col> <col width="84"></col> <col width="80"></col> <col width="83"></col> <col width="103"></col> <col width="74"></col> </colgroup> <tr> <td align="center" valign="top" width="213" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="75" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Poss.Util. ABC</b></span></font></div> </td> <td align="right" valign="top" width="71" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Importo</b></span></font></div> </td> <td align="right" valign="top" width="74" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Quota disponibile</b></span></font></div> </td> <td align="right" valign="top" width="94" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Util.nei 3 es. prec.cop.perd.</b></span></font></div> </td> <td align="right" valign="top" width="65" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Util.nei 3 es. prec.altro</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="213" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Capitale</span></font></div> </td> <td align="center" valign="top" width="75" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">B</span></font></div> </td> <td align="right" valign="top" width="71" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">325</span></font></div> </td> <td align="right" valign="top" width="74" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="94" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="65" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="213" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Riserva legale</span></font></div> </td> <td align="center" valign="top" width="75" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">B</span></font></div> </td> <td align="right" valign="top" width="71" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">48.291</span></font></div> </td> <td align="right" valign="top" width="74" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">48.291</span></font></div> </td> <td align="right" valign="top" width="94" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="65" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="213" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Riserve statutarie</span></font></div> </td> <td align="center" valign="top" width="75" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">B</span></font></div> </td> <td align="right" valign="top" width="71" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">6.847</span></font></div> </td> <td align="right" valign="top" width="74" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">6.847</span></font></div> </td> <td align="right" valign="top" width="94" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="65" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="213" height="15" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Altre riserve</span></font></div> </td> <td align="center" valign="top" width="75" height="15" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">B</span></font></div> </td> <td align="right" valign="top" width="71" height="15" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">40.630</span></font></div> </td> <td align="right" valign="top" width="74" height="15" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">40.630</span></font></div> </td> <td align="right" valign="top" width="94" height="15" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="65" height="15" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="213" height="17" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="center" valign="top" width="75" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td> <td align="right" valign="top" width="71" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>96.093</b></span></font></div> </td> <td align="right" valign="top" width="74" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>95.768</b></span></font></div> </td> <td align="right" valign="top" width="94" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="65" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="213" height="17" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>quota non distribuibile</b></span></font></div> </td> <td align="center" valign="top" width="75" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td> <td align="right" valign="top" width="71" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="74" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>95.768</b></span></font></div> </td> <td align="right" valign="top" width="94" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="65" height="17" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="213" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>quota distribuibile</b></span></font></div> </td> <td align="center" valign="top" width="75" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td> <td align="right" valign="top" width="71" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="74" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="94" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="65" bgcolor="#f5f6f8" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td></tr> </table> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>A</b></span><span style=" font-size:11pt"> = per aumento di capitale; </span><span style=" font-size:11pt"><b>B</b></span><span style=" font-size:11pt"> = per copertura perdite; </span><span style=" font-size:11pt"><b>C</b></span><span style=" font-size:11pt"> = per distribuzione ai soci</span></font></p> <div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u><br /></u></i></b></span></font></div><div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u><br /></u></i></b></span></font></div><div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u>Commento origine, possibilità di utilizzo e distribuibilità delle voci del patrimonio netto</u></i></b></span></font></div> <div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La riserva legale, di importo pari a € </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">48.291</span></font><font face="Times New Roman"><span style=" font-size:11pt"> è superiore</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> </span></font><font face="Times New Roman"><span style=" font-size:11pt">al minimo imposto dall'articolo 2430 c.c. (1/5 del capitale sociale)</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">.</span></font></div> <div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><br /></b></span></font></div><div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u>Commento conclusivo: patrimonio netto</u></i></b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Il Consiglio di Amministrazione propone di utilizzare quanto a riserva indivisibile per coprire la perdita di esercizio.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Qui di seguito si forniscono le informazioni sul TFR.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Il trattamento di fine rapporto corrisponde alla sommatoria dei debiti maturati alla fine dell’esercizio a favore di ciascun dipendente in rapporto all’anzianità conseguita.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Sono stati trasferiti ai fondi di previdenza complementare [...] le quote relative a [...]</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Sono stati erogati anticipi ai dipendenti per euro [...].</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Di seguito vengono dettagliati i debiti.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">E' importante sottolineare che la riclassificazione dei debiti entro e oltre l'esercizio è effettuata con riferimento alla loro scadenza contrattuale, tenendo conto anche di fatti ed eventi previsti nel contratto che possono aver determinato una modifica della scadenza originaria.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Di seguito sono fornite le informazioni relative alle variazioni e alla scadenza dei debiti.</span></font></div>

8452

6046

2406

12402

4210

2705

1505

2866

7138

-4272

-361

<p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:2.81mm; margin-bottom:0.70mm;line-height: 140%; "><font face="Times New Roman" color="#262626"><span style=" font-size:11pt">Le principali variazioni sono da ascriversi al pagamento dei debiti verso fornitori per utenze, alla rilevazione del debito per Inail. </span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:2.81mm; margin-bottom:0.70mm;line-height: 140%; "><font face="Times New Roman" color="#262626"><span style=" font-size:11pt"><i>La voce “Debiti tributari” accoglie:</i></span></font></p> <ul style="margin-bottom: 0mm; list-style-type: disc; "> <li style="margin-left: 89pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; font-family:Times New Roman; color:#000000; font-weight:Normal; font-style:Normal; font-decoration:Normal">il debito per IRES per Euro 10.526;</span></font></p> </div></li> <li style="margin-left: 89pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; font-family:Times New Roman; color:#000000; font-weight:Normal; font-style:Normal; font-decoration:Normal">il debito per IRAP per Euro 1.690;</span></font></p> </div></li> <li style="margin-left: 89pt; margin-right: 0pt; padding-left: 0pt; font-size: 11pt; "><div style="margin-top: 0pt; margin-bottom: 3pt; "> <p align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; font-family:Times New Roman; color:#000000; font-weight:Normal; font-style:Normal; font-decoration:Normal">il debito per ritenute d'acconto dovute pregresse per Euro 186.</span></font></p> </div></li> </ul> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Non risultano debiti assistiti da garanzie reali sui beni della società. </span></font></p> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">I debiti verso gli istituti di previdenza e di sicurezza sociale accolgono principalmente i</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">l</span></font><font face="Times New Roman"><span style=" font-size:11pt"> debiti verso l'</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">INAIL </span></font><font face="Times New Roman"><span style=" font-size:11pt">rilevat</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">o</span></font><font face="Times New Roman"><span style=" font-size:11pt"> </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">per i soci</span></font><font face="Times New Roman"><span style=" font-size:11pt">.</span></font></div> <div align="left" style="line-height: 140%; "> </div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:2.81mm; margin-bottom:0.70mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"> </span></font><font face="Times New Roman" color="#262626"><span style=" font-size:11pt"><b><i>Tra i debiti verso fornitori si evidenzia la ripartizione:</i></b></span></font></p> <div align="left" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio d</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">ei debiti verso fornitori</span></font><font face="Times New Roman"><span style=" font-size:11pt">.</span></font></div> <div align="left" style="line-height: 140%; "> </div> <div align="center"> </div> <center> <table width="477" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="364"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Importo</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Fornitori di beni e servizi</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">8.452</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>8.452</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="left" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio de</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">gli altri debiti</span></font></div> <div align="center"> </div> <center> <table width="477" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="364"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Importo</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Debiti verso amministratori o sindaci per emolumenti o altro</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">150</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Ministero dello Sviluppoo Economico 3%</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">316</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Altri debiti ...</span></font></div> </td> <td align="right" valign="top" width="104" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">2.400</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="355" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>2.866</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La composizione degli altri debiti è costituita da un debito pregresso rimasto verso il collegio sindacale e da quanto raccolto quale fondo spese legali per l</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">e</span></font><font face="Times New Roman"><span style=" font-size:11pt"> campagn</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">e</span></font><font face="Times New Roman"><span style=" font-size:11pt"> "15 ottobre"</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> e "solidarietà Gaza"</span></font><font face="Times New Roman"><span style=" font-size:11pt">.</span></font></p> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito si fornisce un dettaglio dei debiti assistiti da garanzie reali su beni sociali.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

27930

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito si fornisce un riepilogo delle variazioni registrate nelle altre voci del</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> passivo</span></font><font face="Times New Roman"><span style=" font-size:11pt">.</span></font></div>

-361

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Il Conto Economico fornisce una rappresentazione delle operazioni di gestione mediante una sintesi dei componenti positivi e negativi di reddito che hanno contribuito a determinare il risultato economico.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">I componenti positivi e negativi sono raggruppati in modo da fornire risultati intermedi significativi.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Di seguito vengono esposti i dettagli del valore della produzione</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Si propone la ripartizione dei ricavi delle vendite e delle prestazioni secondo categorie di attività</span></font></div>

Prodotti editoriali e musicali c/vendite

1252

Sottoscrizioni da ascoltatori

1983

altri ricavi

Italia

2965

Europa

300

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio della variazione del valore della produzione.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Ricavi delle vendite e delle prestazioni</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">14.719</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">3.265</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-11.454</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="29" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Variazione delle rimanenze di prodotti in lavorazione, semilavorati e finiti</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Variazioni dei lavori in corso su ordinazione</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Incrementi di immobilizzazioni per lavori interni</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Altri ricavi e proventi</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">30.540</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">14.066</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-16.474</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>45.259</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>17.331</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>-27.928</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="left" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio dei ricavi delle vendite e delle prestazioni.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Prodotti editoriali e musicali c/vendite</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">8.677</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.252</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-7.425</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Sottoscrizioni da ascoltatori</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">6.235</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.983</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-4.252</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Altri…</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">60</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">30</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-30</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">(Sconti, abbuoni, premi su vendite)</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-253</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">253</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>14.719</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>3.265</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>-11.454</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Con riguardo alle informazioni presentate nel prospetto precedente è possibile svolgere le seguenti considerazioni</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">: </span></font></div> <div align="left" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Si rileva un forte calo nelle sottoscrizioni da ascoltatori e nei proventi dalla cessione del prodotto editoriale "Scarceranda".</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> della variazione degli altri ricavi e proventi.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Contributi in conto esercizio emittenti radiofoniche</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">30.540</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">14.066</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-16.474</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>30.540</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>14.066</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>-16.474</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Con riguardo alle informazioni presentate nel prospetto precedente è possibile svolgere le seguenti considerazioni</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">:</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Si rileva un dimezzamento dei contributi per l'emittenza radiofonica.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito vengono dettagliati i costi della produzione analizzando le variazioni delle singole voci.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> della variazione dei costi della produzione.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Per materie prime, sussidiarie, di consumo e di merci</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.113</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.628</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">515</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Per servizi</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">16.862</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">19.724</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">2.862</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Per godimento di beni di terzi</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">372</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">133</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-239</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Per il personale</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.321</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.754</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">433</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Ammortamenti e svalutazioni</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">850</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.404</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">554</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="29" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Variazioni delle rimanenze di materie prime, sussidiarie, di consumo e merci</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-170</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">681</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">851</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Accantonamenti per rischi</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Altri accantonamenti</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Oneri diversi di gestione</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">3.527</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">6.255</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">2.728</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>23.875</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>31.579</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>7.704</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> della variazione dei costi d'acquisto materie prime, sussidiarie e di consumo.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Copie ns.pubblicazioni c/acquisti</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.000</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.000</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Acquisti vari</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">113</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">628</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">515</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>1.113</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>1.628</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>515</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> della variazione dei costi per servizi.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Servizi telematici</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">298</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">15</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-283</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Servizi editoriali</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">227</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.116</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">889</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Canone internet</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.532</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.302</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-230</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Energia elettrica</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">10.403</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">13.314</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">2.911</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Spese telefonia fissa</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.542</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.700</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">158</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Altre utenze</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">280</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-280</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Spese telefonia mobile</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.128</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.572</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">444</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Spese postali e di affrancatura</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">125</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-124</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Manutenzione e riparazione su beni propri</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">463</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">97</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-366</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Assicurazioni varie</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">302</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">182</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-120</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Spese per servizi bancari</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">562</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">426</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-136</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>16.862</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>19.725</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>2.863</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>arrotondamento</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>-1</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>da bilancio</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>16.862</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>19.724</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> della variazione dei costi di godimento beni di terzi.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Spese condominiali su immobili in comodato</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">372</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">133</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-239</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>372</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>133</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>-239</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio della variazione </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">dei costi del personale.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Salari</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">258</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">258</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Contributi INPS</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">87</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">87</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Contributi INAIL</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.321</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-1.321</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Contributi INAIL dipendenti</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">7</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">7</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">contributi INAIL soci</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.382</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.382</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Accantonamento fondo TFR</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">19</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">19</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>1.321</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>1.753</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>432</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>arrotondamento</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>1</b></span></font></div> </td> <td align="right" valign="top" width="104" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>da bilancio</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>1.321</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>1.754</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>0</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio della variazione </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">degli ammortamenti e svalutazioni.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Ammortamento altre immobilizzazioni immateriali</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">700</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">700</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Ammortamento ordinario impianti e macchinari</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">117</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">117</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="29" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Ammortamento ordinario attrezzature industriali e commerciali</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">108</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">526</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">418</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="29" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Ammortamento ordinario apparecchi telefonici e per comunicazion</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">42</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">61</span></font></div> </td> <td align="right" valign="top" width="104" height="29" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">19</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>850</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>1.404</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>554</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio della variazione delle rimanenze </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">di prodotti editoriali e musicali.</span></font></div> <div align="left" style="line-height: 140%; "> </div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Rimanenze iniziali</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">16.665</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">16.835</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">170</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">(Rimanenze finali)</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-16.835</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-16.154</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">681</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>-170</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>681</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>851</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio della variazione </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">degli oneri diversi di gestione.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Contributo ispezione cooperative</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">280</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-280</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Imposta di bollo</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">346</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">200</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-146</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Diritto annuale CCIAA</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">200</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-200</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Diritti vari</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">153</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-153</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Imposte comunali</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">572</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">579</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">7</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Tassa sui rifiuti</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">619</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">619</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Diritti SIAE</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">686</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">424</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-262</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Sopravvenienze e insussistenze passive ordinarie</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">176</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.368</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.192</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Abbonamenti, libri, riviste, giornali</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.099</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">2.636</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">1.537</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Sanzioni, sopratasse, multe ed ammende</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">15</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">75</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">60</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Erogazioni liberali</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">300</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">300</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">spese di cancelleria</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">0</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">54</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">54</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>3.527</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>6.255</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>2.728</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Di seguito vengono dettagliate tutti i componenti positivi e negativi del risultato economico d'esercizio connessi all'attività finanziaria dell'impresa.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Come richiesto dall'articolo 2427 del codice civile, punto 11), si indica l''ammontare dei proventi da partecipazioni, indicati nell'articolo 2425, numero 15), diversi dai dividendi.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">La società non rileva</span></font><font face="Times New Roman"><span style=" font-size:11pt"> proventi da partecipazione.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Il prospetto immediatamente sotto mostra la ripartizione degli interessi e altri oneri finanziari per tipologia di debiti.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio della variazione </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">degli altri proventi finanziari.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Interessi su depositi postali</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">10</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">65</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">55</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>10</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>65</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>55</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Non si rilevano rettifiche di valore di attività finanziarie.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito si offre il dettaglio dei valori iscritti nella classe E del conto economico.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Di seguito viene fornito un dettaglio della variazione </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">degli oneri straordinari.</span></font></div> <div align="center"> </div> <center> <table width="646" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="309"></col> <col width="113"></col> <col width="113"></col> <col width="113"></col> </colgroup> <tr> <td align="center" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Descrizione</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2013</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Valore al 31/12/2014</b></span></font></div> </td> <td align="center" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center"><font face="Arial" size="1"><span style=" font-size:9pt"><b>Variazione</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" height="18" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt">Sopravvenienze passive straordinarie</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">6.533</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">5.818</span></font></div> </td> <td align="right" valign="top" width="104" height="18" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt">-715</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="300" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left"><font face="Arial" size="1"><span style=" font-size:9pt"><b>totale calcolato</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>6.533</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>5.818</b></span></font></div> </td> <td align="right" valign="top" width="104" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right"><font face="Arial" size="1"><span style=" font-size:9pt"><b>-715</b></span></font></div> </td></tr> </table> </center> <div align="right"> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">C</span></font></div> <div align="left" style="line-height: 140%; "> </div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u>Commento conclusivo: oneri e proventi straordinari</u></i></b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Come richiesto dall'articolo 2427 del codice civile, punto 13, si indica la composizione delle voci «proventi straordinari» e «oneri straordinari», essendo il loro ammontare apprezzabile</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">: </span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Stante la perdita rilevata non si rilevano imposte IRES/IRAP da pagare.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b><i><u>Commento conclusivo del conto economico</u></i></b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Con riferimento alla possibilità di deduzione extracontabile di taluni componenti negativi di reddito</span></font></div> <div align="left" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">ancorché non imputati a conto economico, riconosciuta dal disposto dell’art. 6, lettera a), della legge 366</span></font></div> <div align="left" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">/2001, nulla vi è da rilevare in quanto la società non ha operato rettifiche od accantonamenti di valore</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">esclusivamente in applicazione di norme tributarie.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Di seguito vengono dettagliate informazioni diverse da quelle desumibili dal prospetto contabile.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Verranno dettagliate specifiche informazioni che si ritiene essere rilevanti.</span></font></div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il numero medio dei dipendenti durante l’esercizio, ripartito per categoria, viene evidenziato nel seguente prospetto.</span></font></div> <div align="justify" style="line-height: 140%; "> </div> <center> <table width="383" align="center" cellpadding="4" cellspacing="0" style="border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="231"></col> <col width="151"></col> </colgroup> <tr> <td align="center" valign="top" width="222" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>DIPENDENTI</b></span></font></div> </td> <td align="center" valign="top" width="142" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Numero medio</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="222" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="justify" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Dirigenti</span></font></div> </td> <td align="center" valign="top" width="142" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="222" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="justify" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Impiegati</span></font></div> </td> <td align="center" valign="top" width="142" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="222" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="justify" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Operai</span></font></div> </td> <td align="center" valign="top" width="142" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 1</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="222" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="justify" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Altro (soci volontari)</span></font></div> </td> <td align="center" valign="top" width="142" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">13</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="222" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="justify" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">TOTALE</span></font></div> </td> <td align="center" valign="top" width="142" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">14</span></font></div> </td></tr> </table> </center> <div align="left" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il contratto nazionale di lavoro applicato è quello del settore </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"> radio-televisione emittenti private locali</span></font><font face="Times New Roman"><span style=" font-size:11pt">.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">L’organico medio aziendale, ripartito per categoria, ha subito le seguenti variazioni rispetto all’esercizio precedente:</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Vi è stata l'assunzione di un addetto alle pulizie quale lavoratore dipendente non socio. Il numero dei soci prestatori d'opera volontari è rimasto invariato.</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:4.22mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman" color="#262626"><span style=" font-size:11pt">Si evidenzia che i membri del consiglio di amministrazione non percepiscono compensi. </span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><br /></span></font></div><div align="left" style="line-height: 140%; "> </div>

<p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><b>Patrimoni destinati ad uno specifico affare</b></span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La società, nel corso dell’esercizio, non ha deliberato in merito alla facoltà concessa dalla lettera a) del comma 1 dell’art. 2447 </span><span style=" font-size:11pt"><i>bis</i></span><span style=" font-size:11pt"> del codice civile sulla costituzione di patrimoni destinati a specifici affari. </span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><b>Finanziamenti destinati ad uno specifico affare</b></span></font></p> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">La società, nel corso dell’esercizio, non ha stipulato alcun contratto relativo al finanziamento di specifici affari, possibilità prevista dalla lettera b) del comma 1 dell’art. 2447 </span><span style=" font-size:11pt"><i>bis</i></span><span style=" font-size:11pt"> del codice civile. </span></font></p> <div align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:4.22mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Operazioni con parti correlate</b></span></font></div> <p align="justify" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:1.06mm; margin-bottom:1.06mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Con riferimento all’obbligo informativo previsto dal numero 22-bis) dell’art. 2427 c.c., introdotto dal D.Lgs. n. 173/2008 di recepimento della Direttiva 2006/46/CE e relativo alle operazioni realizzate con parti correlate, come definite nei principi contabili internazionali e in particolare nello IAS 24, si precisa che tale obbligo informativo non sussiste in capo alla nostra società in quanto nel corso dell’esercizio nessuna operazione è stata posta in essere con parti correlate</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">.</span></font><font face="Times New Roman"><span style=" font-size:11pt"> </span></font></p> <div align="left" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Rendiconto Finanziario - Metodo indiretto</b></span></font></div> <center> <table width="635" align="center" cellpadding="4" cellspacing="0" style="table-layout: fixed; border-collapse: collapse; border-width: 0px; border-color: #646464; "> <colgroup> <col width="497"></col> <col width="138"></col> </colgroup> <tr> <td align="center" valign="top" width="488" height="30" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td> <td align="center" valign="top" width="129" height="30" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="center" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>2014</b></span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="23" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>A. Flussi finanziari derivanti dalla gestione reddituale</b></span></font></div> </td> <td align="right" valign="top" width="129" height="23" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b> Utile (perdita) dell'esercizio</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -20.015</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b> </b></span><span style=" font-size:9pt"> Imposte sul reddito</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Interessi passivi/(interessi attivi)</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -50</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="22" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> (Dividendi)</span></font></div> </td> <td align="right" valign="top" width="129" height="22" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> (Plusvalenze)/minusvalenze derivanti dalla cessione di attività</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="41" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b> 1. Utile (perdita) dell'esercizio prima d'imposte sul reddito, interessi, dividendi e plus/minusvalenze da cessione</b></span></font></div> </td> <td align="right" valign="top" width="129" height="41" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -20.065</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="41" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><i> Rettifiche per elementi non monetari che hanno avuto contropartita nel capitale circolante netto</i></span></font></div> </td> <td align="right" valign="top" width="129" height="41" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Accantonamenti ai fondi</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 19</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="22" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Ammortamenti delle immobilizzazioni</span></font></div> </td> <td align="right" valign="top" width="129" height="22" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 1.404</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Svalutazioni per perdite durevoli di valore</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="23" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Altre rettifiche per elementi non monetari</span></font></div> </td> <td align="right" valign="top" width="129" height="23" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b> 2. Flusso finanziario prima delle variazioni del ccn</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 1.423</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><i> Variazioni del capitale circolante netto</i></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Decremento/(incremento) delle rimanenze</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 681</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Decremento/(incremento) dei crediti vs clienti</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Incremento/(decremento) dei debiti vs fornitori</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 2.406</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Decremento/(incremento) ratei e risconti attivi</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -408</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Incremento/(decremento) ratei e risconti passivi</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Altre variazioni del capitale circolante netto</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -7.921</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b> 3. Flusso finanziario dopo le variazioni del ccn</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -5.242</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="24" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> </span><span style=" font-size:9pt"><i>Altre rettifiche</i></span></font></div> </td> <td align="right" valign="top" width="129" height="24" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Interessi incassati/(pagati)</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 50</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> (Imposte sul reddito pagate)</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Dividendi incassati</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> (Utilizzo dei fondi)</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> </span><span style=" font-size:9pt"><b> 4. Flusso finanziario dopo le rettifiche</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 50</span></font></div> </td></tr> <tr> <td align="right" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Flusso finanziario della gestione reddituale (A)</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -23.834</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>B. Flussi finanziari derivanti dall'attività d'investimento</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> </span><span style=" font-size:9pt"><i> Immobilizzazioni materiali</i></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -5.072</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> (Investimenti)</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -5.072</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Prezzo di realizzo disinvestimenti</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> </span><span style=" font-size:9pt"><i>Immobilizzazioni immateriali</i></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> (Investimenti)</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Prezzo di realizzo disinvestimenti</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="23" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> </span><span style=" font-size:9pt"><i>Immobilizzazioni finanziarie</i></span></font></div> </td> <td align="right" valign="top" width="129" height="23" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> (Investimenti)</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Prezzo di realizzo disinvestimenti</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><i> Attività finanziarie non immobilizzate</i></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" color="#010101" size="1"><span style=" font-size:9pt"> </span></font><font face="Arial" size="1"><span style=" font-size:9pt">(Investimenti)</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" color="#010101" size="1"><span style=" font-size:9pt"> </span></font><font face="Arial" size="1"><span style=" font-size:9pt">Prezzo di realizzo disinvestimenti</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><i> Acquisizione o cessione di società controllate o di rami d'azienda al netto delle disponibilità liquide</i></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="right" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Flusso finanziario dell'attività di investimento (B)</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -5.072</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>C. Flussi finanziari derivanti dell'attività di finanziamento</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> </span><span style=" font-size:9pt"><i>Mezzi di terzi</i></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Incremento (decremento) debiti a breve verso banche</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Accensione finanziamenti</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Rimborso finanziamenti</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> </span><span style=" font-size:9pt"><i>Mezzi propri</i></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><span style="font-size: 9pt;"> </span></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Aumento di capitale a pagamento</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Cessione (acquisto) di azioni proprie</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> 0</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> Dividendi (e acconti su dividendi) pagati</span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -317</span></font></div> </td></tr> <tr> <td align="right" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Flusso finanziario dell'attività di finanziamento (C)</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"> -317</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="32" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:2.81mm;line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt">Incremento (decremento) delle disponibilità liquide (A ± B ± C)</span></font></div> </td> <td align="right" valign="top" width="129" height="32" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt; display:none">#XRF00054</span><span style=" font-size:9pt"> -29.223</span><span style=" font-size:9pt; display:none">#XRF00054End</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" height="21" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Disponibilità liquide al 01/01/2014</b></span></font></div> </td> <td align="right" valign="top" width="129" height="21" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt; display:none"><b>#XRF00055</b></span><span style=" font-size:9pt"> 70.106</span><span style=" font-size:9pt; display:none">#XRF00055End</span></font></div> </td></tr> <tr> <td align="left" valign="top" width="488" bgcolor="#e0e0e0" style="border: solid #646464 1px;"> <div align="left" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt"><b>Disponibilità liquide al 31/12/2014</b></span></font></div> </td> <td align="right" valign="top" width="129" style="border: solid #646464 1px;"> <div align="right" style="line-height: 140%; "><font face="Arial" size="1"><span style=" font-size:9pt; display:none"><b>#XRF00056</b></span><span style=" font-size:9pt"> 40.883</span><span style=" font-size:9pt; display:none">#XRF00056End</span></font></div> </td></tr> </table> </center> <div align="right" style="line-height: 140%; "> </div>

<div align="left" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:4.22mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><b>Si propone all'assemblea di destinare il risultato d'esercizio nella seguente maniera:</b></span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Procedere alla copertura totale della perdita d'esercizio al 31/12/2014 di Euro </span></font><font face="Times New Roman"><span style=" font-size:11pt"><b>20.014,90 </b></span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">con l'utilizzo di quanto accantonato a </span></font><font face="Times New Roman"><span style=" font-size:11pt"><i>Riserva indivisibile.</i></span></font></div> <div align="center" style="margin-left:0mm; margin-right:0mm; text-indent:0mm; margin-top:0.00mm; margin-bottom:0.00mm;line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">* * * * *</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il presente bilancio di esercizio, composto da stato patrimoniale, conto economico e nota integrativa, è stato redatto con chiarezza e rappresenta in modo completo, veritiero e corretto la situazione patrimoniale e finanziaria della società nonché il risultato economico dell'esercizio e corrisponde alle risultanze delle scritture contabili.</span></font></div> <div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt; display:none">#AZI00004</span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Roma (RM)</span></font><font face="Times New Roman"><span style=" font-size:11pt; display:none">#AZI00004End</span><span style=" font-size:11pt">, lì </span></font><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">4 aprile 2015</span></font></div> <div align="center" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt">Il Presidente del Consiglio di Amministrazione</span></font></div> <div align="center" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt"><br /></span></font></div><div align="center" style="line-height: 140%; "><font face="Times New Roman" color="#010101"><span style=" font-size:11pt">Giorgio Salerno</span></font></div> <div align="left" style="line-height: 140%; "> </div>

<div align="justify" style="line-height: 140%; "><font face="Times New Roman"><span style=" font-size:11pt"><i>Il sottoscritto </i></span><span style=" font-size:11pt; display:none"><i>#PDF00003</i></span><span style=" font-size:11pt"><i>CARLO CAVALLETTI</i></span><span style=" font-size:11pt; display:none"><i>#PDF00003End</i></span><span style=" font-size:11pt"><i> iscritto nell’Albo dei dottori commercialisti ed esperti contabili di </i></span><span style=" font-size:11pt; display:none"><i>#PDF00004</i></span><span style=" font-size:11pt"><i>VITERBO</i></span><span style=" font-size:11pt; display:none"><i>#PDF00004End</i></span><span style=" font-size:11pt"><i> al numero </i></span><span style=" font-size:11pt; display:none"><i>#PDF00005</i></span><span style=" font-size:11pt"><i>093</i></span><span style=" font-size:11pt; display:none"><i>#PDF00005End</i></span><span style=" font-size:11pt"><i>, ai sensi dell’art. 31 comma 2-quinquies della Legge 340/2000, dichiara che il presente documento è conforme all’originale depositato presso la società.</i></span></font></div>