7
CONSOLIDATED FINANCIAL STATEMENTS
9
10 Directors and auditors
12 Financial highlights
12 Main financial and operating data
14 Key financials
16 Prysmian Group
16 Vision, Mission, Values
23 Development objectives and strategies
26 Corporate governance
28 Corporate structure
31 Organisational structure
32 Top managers
34 Prysmian and the financial markets
34 Ownership structure
38 Financial market performance
41 Investor relations
42 Significant events during the year
42 New industrial projects and initiatives
45 Finance and M&A activities
46 Reference scenario
46 Macroeconomic scenario
47 Cable industry trends
48 Group performance and results
50 Income statement
52 Segment performance: Energy business
62 Segment performance: Telecom business
66 Group statement of financial position
70 Alternative performance indicators
75 The internal control and risk management system
78 Risk factors and uncertainties
92 Sustainable approach to managing the business
94 Human resources
97 Research and development
100 An integrated supply chain
108 Prysmian for the environment
110 Incentive plans
112 Significant events after the reporting period
112 Business outlook
113 Other information
114 Certification pursuant to art. 2.6.2 of the Italian
Stockmarket Regulations regarding the conditions
contained in art. 36 of the Market Regulations
117
123
EXPLANATORY NOTES
232
CERTIFICATION OF THE CONSOLIDATED FINANCIAL
STATEMENTS PURSUANT TO ART. 81-TER OF CONSOB
REGULATION 11971 DATED 14 MAY 1999 AND SUBSEQUENT
AMENDMENTS AND ADDITIONS
235
AUDIT REPORT
