Rome, 25 may 2011
Cassa depositi e prestiti (CDP) announces that the Shareholders’ Meeting met today to approve the separate financial statements for 2010. The consolidated financial statements, which also reflect the results of TERNA Spa and CDP Investimenti SGR Spa, were presented during the meeting too.
The Shareholders' Meeting also awarded the engagement for the statutory auditing of the accounts for the period from 1 January 2011 to 31 December 2019 to PricewaterhouseCoopers S.p.A., approving the proposal submitted by the Board of Auditors.
Financial statement approval and dividend payment
The 2010 financial year closed with net income of €2,743 million, up 59% compared with 2009 (€1,725 million). Net income reflects a capital gain of about €1 billion on the share exchange with the MEF: excluding this factor and the effect of others that had positively impacted performance in 2009, net income still rose by 8%. This performance enables us to distribute a dividend of €700 million and, in addition to the allocation of €137.1 million to the legal reserve, to strengthen capital further with an allocation of about €1.9 billion."
Developments in the main aggregates of CDP's separate financial statements were as follows.
Summary of Consolidated Financial Statements
The consolidated financial statements at 31 December 2010 show net income pertaining to the shareholders of the parent company in the amount of €2,344 million, up 16% compared with 2009. Total assets reached €260,937 million (+10%) while shareholders' equity amounted to €13,913 million, a rise of 8%.
The manager responsible for preparing the corporate financial reports, Andrea Novelli, declares pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Financial Intermediation that the accounting information contained in this press release corresponds to that in the accounting documentation, books and records.