Pirelli RE - Dati Patrimoniali

(€/mln)

	FY 08 Actual	FY 07 Actual
Fixed Assets	589.1	879.6
of wich Participations	405.7	594.8
of wich Goodwill	137.8	218.4
Net Working Capital	133.1	190.5
Net Invested Capital	722.2	1,070.1
Net Equity	366.4	720.1
of wich group net equity	361.7	715.7
Provisions	66.3	60.3
Net financial positions	289.5	289.7
of wich shareholders loans	(572.3)	(526.4)
Total covering net invested capital	722.2	1,070.1
Net financial positions excluding shareholders loans	861.8	816.1
Net Invested Capital excluding shareholders loans	1,294.5	1,596.5
Gearing	2.35	1.13

(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
Net Financial Position	40,2	30,5	96,4	289.7
Total Sources	580,3	621,3	865,0	1076.6
ROE	26,0%	28,0%	26,0%	na
ROI Adjusted	20,0%	24,0%	23,0%	na
Financial Position excluding Shareholders'Loans	250	292,5	430,5	816,1
Gearing NFP not incl. Shareholders' Loans	0,51	0,53	0,61	1,13