EUR (x 1.000)

31-12-2009

31-12-2008

A. Capital (note XII)

97.853

68.913

- Subscribed capital

100.522

68.913

- Costs capital increase

-2.669

0

B. Premiums on issue

63.960

0

D. Reserves

205.079

202.716

E. Result

26.050

10.185

- Result carried over from preceding years

25.613

25.970

- Result for the year

437

15.785

F. Impact on the fair value of costs and transfer taxes estimated at the time

of the notional transfer of the investment property and of the valuation

of development projects at cost

-27.124

-22.106

H. Exchange rate differences

1.025

1.599

A. Provisions (note XIV)

1.188

1.273

- Other

1.188

1.273

B. Long term financial debts (note XV)

373.726

297.341

- Credit institutions

336.877

263.764

- Financial leasing

29.174

26.910

- Other

7.675

6.667

C. Other long term financial commitments (note VII)

32.509

21.242

- Other

32.509

21.242

F. Deferred taxes – Liabilities

6.228

9.039

- Exit tax

0

0

- Other

6.228

9.039

B. Short term financial debts (notes VII and XV)

121.777

180.304

- Credit institutions

116.446

177.428

- Financial leasing

4.795

2.292

- Other

536

584

D. Trade payables and other current debts

10.631

15.162

- Other

10.631

15.162

Suppliers

9.436

14.577

Taxes, remunerations and social security contributions

1.195

585

E. Other short term commitments (note XVI)

546

13.831

- Other

546

13.831

F. Accruals and deferred income

2.628

3.204