Pirelli RE .- Dati Patrimoniali

(€/mln)

	Dec 09 Actual	Dec 08 Actual
Fixed Assets	654	589,1
of wich Participations	472,3	405,7
of wich Goodwill	148,1	137,8
Net Working Capital	114,9	133,1
Net Invested Capital	768,9	722,2
Net Equity	663,1	366,4
of wich group net equity	653,4	361,7
Provisions	64,5	66,3
Net financial positions	41,3	289,5
of wich shareholders loans	(404,4)	(572,3)
Total covering net invested capital	768,9	722,2
Net financial positions excluding shareholders loans	445,8	861,8
Net Invested Capital excluding shareholders loans	1.173,4	1.294,5
Gearing	0,67	2,35

(Euro Million)

	Dicembre 2004 IAS	Dicembre 2005 IAS	Dicembre 2006 IAS	Dicembre 2007 IAS
Fixed Assets	375,7	410,7	581,7	886,1
Net Working Capital	204,6	215,9	283,3	190,5
Net Invested Capital	580,3	626,6	865,0	1076,6
Shareholders' Equity	485,5	535,4	700,3	715,7
Minority Interests	6,4	16,7	8,4	4,4

Funds	48.2	38.7	59.9	66,8	66,3
Net Financial Position	40.2	30.5	96.4	289.7	289.5
Total Sources	580.3	621.3	865.0	1076.6	722.2
ROE	26.0%	28.0%	26.0%	na	na
ROI Adjusted	20.0%	24.0%	23.0%	na	na
Financial Position excluding Shareholders'Loans	250	292.5	430.5	816.1	861.8
Gearing NFP not incl. Shareholders' Loans	0.51	0.53	0.61	1.13	2.35