Parmalat Classification, FYE 2002 Overall performance and methods, , Milan – Fall 13

It freedom tend to permit renegotiation into the re also financing of one’s obligations into favourable conditions. Cfr Cucinotta, Stay Bocchi G. G. out-of – E-mail delivered or obtained of the Dr. Ferraris, attachment no.

42 560 information about the spot regarding expenditures differ “with regards to the person of one’s guidance” because cited lower than: “In order to auditors, from the balance sheet sets, exchangeability try submitted to be when you look at the”:

Auditors desk An incredible number of euros % Italy 372 10

4% European countries 368 ten.3% North america * 2,735 76.5% Main The usa 69 1.9% South usa nine 0.3% Africa eleven 0.3% Asia 2 0.1% Australian continent 7 0.2% Overall 3,573 one hundred% * The united states is sold with the brand new Cayman Try, “We informed Standard &. Poor’s the liquidity had been held regarding adopting the nations”

Parfin integration domain name Bonlat1 % Bonlat Quick assets 951 436 45.8% Ties released to working capital dos,413 2,127 88.1% Overall € step 3,364 2,563 76.2% During the According to recommendations Parfin sent the brand new CONSOB with the 21/7/03, the fresh new group’s liquidity (“cash”) at the conclusion of 2002 along with is actually recorded as actually centered, besides at Bonlat, regarding the a couple Dutch financial firms (Parmalat Fund Agency BV and you will Parmalat Netherlands BV) since found regarding adopting the table:

Parmalat classification – Conclusion of the depositary organization out of property balances out of current profile during the financial institutions Providers from the within Bonlat Resource Company 43(5 forty-five.8% 645 68.3% Parmalat Finanziaria Spa step three 0.3% fifteen step 1.6% Parmalat Salon 66 six.9% 68 7.2% Parmalat Financing Corporation BV 191′ 20.1% 117 twelve.4% Parmalat Netherlands BV 112J eleven.8% 10 step 1.1% PDBI Exchangeability Administration Hungary 34 step 3.6% 0 Parmalat Milk products & Bakery 18 step one.9% 0 Parmalat Restaurants Inc, 0 -,- 23 dos.4% Indulac step 3 0.3% thirteen 1.4% Overall From the Dominant DEPOSITARIES12 863 ninety.7% 891 94.4% Others 88 9.3% 53 5.6% Complete Liquidity 951 100.0% 944 one hundred.0% Total Exchangeability Excluding BONLAT 515 54.2% 299 29.7% Numbers inside countless euros Principal amounts; where 189 from the San Paolo-IMI. at which 109 at the San Paolo- IMI The fresh CONSOB was therefore capable determine you to definitely “a giant portion of the Parmalat group’s liquidity try centered during the the Bonlat Capital Organization, headquarters into the Cayman Is actually., a part controlled ultimately from Parmalat Salon sandwich-group”11. In more detailed trend, the fresh new “liquidity” https://besthookupwebsites.org/local-hookup/sioux-falls/ of your own Parmalat category traceable returning to Bonlat try filed given that are distributed therefore: 12 Consob – Report 3082946 off ; re: Are accountable to bodies about the you’ll crime – connection nine pp. 14-15; Detail//Post on the fresh new depositaries of one’s group’s liquidity given that a percentage of one’s prominent number. eleven Consob – Report 3082285 out of ; re: Parmalat Finanziaria Health spa – Report to bodies of suspicion out-of crime, p. 3.

Quick assets posted on the Bonlat harmony layer within Current account on Financial away from America 320 Cheques 116 Complete € 436

It scale was recommended by the Offer Thornton and acknowledged throughout the combination of your own equilibrium sheet (as a matter of fact dos,374 – 143 = dos,231 USD where 2,231/1

Securities posted so you’re able to working capital inside the Bonlat financial record on Ties transferred at Bank out-of The usa 819 Epicurum Fund 504 Promissory cards 804 Overall € 2,127 The level of “Bonlat liquidity” at the because the influenced by the latest CONSOB differs from one to revealed on times of your own Panel of Statutory Auditors into 10/4/03 plus in its attachment. “Bonlat exchangeability” as stated on the Panel away from Legal Auditors times, is bound so you’re able to “bonds at work financing when you look at the portfolio from part Bonlat” and that’s cherished in the euro dos,374,373,114. Brand new accessory implies although not the money tool will likely be USD, not euros. Also, no matter and that product out of membership is employed, the brand new numbers on Board out-of Statutory Auditors minutes aren’t verified because of the that from the latest CONSOB. As a matter of fact, converted into euros, the level of the “securities when you look at the working capital” would-be equal to 2,264 billion, during conformity towards CONSOB it might be 2,127. Brand new telecommunications away from viewpoints is certainly detectable towards number of the capital licensed regarding the Epicurum Funds, namely 504 million euros (529/1.0487 = 504). In the Board out of Legal Auditors minutes in fact the fresh new reclassification away from brand new promissory notes from working capital to help you fixed financial assets during the the degree of USD 143 million or euro 120 mil was forgotten. 0487 = 2127).From the interviewing the economic experts on 10/4/03 every piece of information on liquidity appeared to be supplied essentially just like the a good example/responses of the rates within the following table: fourteen Specifically, p. 02 of your minutes out of 10/4/03 brand new Board out-of Legal Auditors Parmalat Finanziaria spa, Meeting with the brand new auditing providers Deloitte and Offer Thornton: Obtain information regarding Cards regarding the group’s liquidity. 15 Document “Re Bonlat Ties”, delivered to your thru fax of Offer Thornton Spa from the Dr. Verde in order to Dr. Brughera. 16 Brand new CONSOB – Report 3082285 off ; re: Parmalat Finanziaria day spa-Report to law enforcement of uncertainty off criminal activity, p.3; p. step 3. 17 Money growth with the euro/USD rate of exchange of just one.0487 regarding as in quotations used in conversion off harmony sheets with the pp. 112-113 of the Parmalat Finanziaria Health spa consolidated financial record – posted adaptation. 18 Resource growth toward euro/USD exchange rate of 1.0487 out-of as in quotations included in conversion away from balance sheets into the pp. 112-113 of one’s Parmalat Finanziaria Day spa consolidated financial record – published version 19 The newest CONSOB Declaration 3082946 off , re: Report to the authorities away from uncertainty regarding criminal activity, p.step 3 – attachment 19, pp. 6-7: Bonlat – Memo. 20 Parmalat Category, FYE 2002 Results and methods, , Milan – Slip twelve