Balance Sheet

Balance Sheet (€) Note 31 December
2011
of which with
related parties
31 December
2010
of which with
related parties
Non-current assets          
Intangible assets 7 13,031,349   8,346,224 -
Property, plant and equipment 8 69,038,125   71,512,853 -
Investment properties   -   - -
Equity investments 9 143,413,088   139,322,607 -
Financial assets at fair value   -   - -
Securities held to maturity   -   - -
Receivables 11 7,127,849 3,941,322 4,026,893 1,005,640
Deferred tax assets 16 17,252,049 - 16,896,323 -
Other assets 18 23,811,058 - 23,246,310 -
    273,673,518 - 263,351,210 -
Current assets          
Inventories 12 84,022,909 - 86,300,626 -
Contract work in progress 13 144,528,230 - 102,482,909 -
Trade receivables 14 565,403,292 135,310,784 534,367,364 138,304,549
Financial assets at fair value 15 24,742,500 - - -
Securities held to maturity   - - - -
Income tax receivables 16 8,674,928 - 2,711,348 -
Financial receivables 14 140,166,992 61,313,371 177,344,968 177,344,968
Derivatives 17 9,578,819 - 9,792,949 -
Other assets 18 26,338,153 1,510,065 25,645,405 1,564,243
Cash and cash equivalents 19 106,894,102 - 115,500,529 -
    1,110,349,925 - 1,054,146,098 -
Total assets   1,384,023,443 - 1,317,497,308 -
Shareholders’ equity          
Share capital 20 69,998,175 - 59,707,589 -
Other reserves 20 119,391,962 - 133,273,094 -
Retained earnings (accum. losses) carried forward,          
inclusive of the profit for the year 20 132,549,309 - 111,526,619 -
Total Shareholders’ equity   321,939,446 - 304,507,302 -
Non-current liabilities          
Borrowings 21 437,850 - 1,620,827 -
Severance pay and other employee liabilities 23 18,380,164 - 20,773,862 -
Provisions for risks and charges   - - - -
Deferred tax liabilities 16 4,178,619 - 2,986,571 -
Other liabilities 24 2,437,758 - 2,687,500 -
    25,434,391 - 28,068,760 -
Current liabilities          
Advances from customers 13 563,801,901 - 504,559,293 -
Trade payables 25 374,517,371 64,721,902 374,857,440 83,645,453
Borrowings 21 33,130,618 31,931,113 31,525,171 28,958,348
Income tax payables   - - 9,621,716 -
Provisions for risks and charges 22 7,753,029 - 6,008,924 -
Derivatives 17 10,100,676 - 10,063,576 -
Other liabilities 24 47,346,011 96,133 48,285,126 26,444
    1,036,649,606 - 984,921,246 -
Total liabilities   1,062,083,997 - 1,012,990,006 -
Total liabilities and Shareholders’ equity   1,384,023,443 - 1,317,497,308 -
 

Registered Office: 16151 Genoa Via Paolo Mantovani, 3 - 5
Paid-in Share Capital EUR 70,000,000 R.E.A. n. 421689 Register of Enterprises of Genoa Tax Code 01371160662
A Finmeccanica Company