That it independency tend to permit renegotiation to your lso are capital of your own personal debt towards beneficial terms. Cfr Cucinotta, Sit Bocchi official website Grams. G. out-of – E-post delivered or received from the Dr. Ferraris, connection zero.
42 560 information regarding the spot of expenditures are very different “with respect to the recipient of one’s guidance” just like the quoted less than: “So you can auditors, on balance sheets, exchangeability is actually recorded to be inside the”:
Auditors desk Scores of euros % Italy 372 ten
4% Europe 368 ten.3% The united states * dos,735 76.5% Main The united states 69 1.9% South america nine 0.3% Africa eleven 0.3% China dos 0.1% Australian continent seven 0.2% Total step three,573 a hundred% * North america includes the fresh Cayman Are, “I told Basic &. Poor’s that liquidity was being held regarding adopting the places”
Parfin consolidation domain name Bonlat1 % Bonlat Liquid assets 951 436 forty-five.8% Bonds posted so you’re able to working capital 2,413 dos,127 88.1% Complete € 3,364 2,563 76.2% In the Considering recommendations Parfin delivered the brand new CONSOB with the 21/7/03, the fresh new group’s liquidity (“cash”) at the conclusion of 2002 as well as in try filed as being focused, aside from within Bonlat, in the a couple Dutch this really is (Parmalat Funds Enterprise BV and you can Parmalat Netherlands BV) once the revealed on adopting the desk:
Parmalat category – Realization of the depositary business regarding assets stability out-of most recent accounts at banking companies Company during the during the Bonlat Investment Corporation 43(5 forty-five.8% 645 68.3% Parmalat Finanziaria Health spa 3 0.3% fifteen step 1.6% Parmalat Day spa 66 six.9% 68 eight.2% Parmalat Financing Agency BV 191′ 20.1% 117 several.4% Parmalat Netherlands BV 112J eleven.8% ten step 1.1% PDBI Exchangeability Administration Hungary 34 step 3.6% 0 Parmalat Dairy & Bakery 18 step 1.9% 0 Parmalat Restaurants Inc, 0 -,- 23 2.4% Indulac 3 0.3% thirteen 1.4% Overall From the Prominent DEPOSITARIES12 863 ninety.7% 891 94.4% Other programs 88 nine.3% 53 5.6% Overall Liquidity 951 a hundred.0% 944 a hundred.0% Complete Liquidity Excluding BONLAT 515 54.2% 299 29.7% Wide variety within the countless euros Dominating quantity; where 189 from the San Paolo-IMI. from which 109 within San Paolo- IMI The new CONSOB are therefore capable dictate you to definitely “a big portion of the Parmalat group’s exchangeability try concentrated during the the Bonlat Funding Agency, headquarters toward Cayman Are., a part regulated ultimately from the Parmalat Day spa sandwich-group”11. In more detailed trend, the fresh new “liquidity” of the Parmalat classification traceable returning to Bonlat try registered since are distributed ergo: a dozen Consob – Statement 3082946 away from ; re: Are accountable to authorities regarding you’ll be able to crime – attachment 9 pp. 14-15; Detail//Article on brand new depositaries of the group’s exchangeability given that a percentage of one’s principal number. eleven Consob – Statement 3082285 off ; re: Parmalat Finanziaria Spa – Are accountable to bodies away from uncertainty away from crime, p. step 3.
Quick assets posted for the Bonlat harmony piece at Current account in the Financial off The united states 320 Cheques 116 Overall € 436
That it scale try proposed of the Offer Thornton and recognized throughout combination of your balance piece (in fact dos,374 – 143 = 2,231 USD from which 2,23step 1/1
Securities released to help you working-capital for the Bonlat financial record in the Securities transferred at Lender of The united states 819 Epicurum Fund 504 Promissory notes 804 Complete € dos,127 The amount of “Bonlat liquidity” during the while the influenced by brand new CONSOB is different from you to shown on the times of the Panel away from Legal Auditors into 10/4/03 along with the connection. “Bonlat exchangeability” as mentioned about Panel out-of Legal Auditors moments, is restricted to help you “bonds at the office funding during the profile of part Bonlat” that’s respected within euro dos,374,373,114. The fresh connection indicates not that currency tool might be USD, perhaps not euros. In addition, aside from and therefore device of account is employed, the brand new figures from the Board out-of Legal Auditors minutes are not affirmed from the that from the fresh new CONSOB. In fact, turned into euros, the level of the “securities inside the working capital” would-be equivalent to 2,264 million, during accordance toward CONSOB it could be 2,127. The fresh interaction out-of viewpoints is obviously detectable into number of the administrative centre subscribed regarding Epicurum Money, particularly 504 million euros (529/1.0487 = 504). On the Board out of Statutory Auditors moments in reality brand new reclassification regarding the promissory cards regarding working-capital so you can fixed monetary property within the the degree of USD 143 million otherwise euro 120 billion try forgotten. 0487 = 2127).At ending up in the fresh new economic analysts for the 10/4/03 every piece of information towards the liquidity appeared to be offered basically because an example/feedback of rates within the following the desk: 14 Particularly, p. 02 of the minutes off ten/4/03 the fresh new Panel out-of Statutory Auditors Parmalat Finanziaria health spa, Ending up in the latest auditing organizations Deloitte and Offer Thornton: Request for information regarding Notes in the group’s exchangeability. fifteen Document “Re also Bonlat Securities”, delivered on the thru fax from Give Thornton Salon from the Dr. Verde to help you Dr. Brughera. 16 The CONSOB – Report 3082285 regarding ; re: Parmalat Finanziaria salon-Report to the police out-of suspicion off criminal activity, p.3; p. step three. 17 Money increases to your euro/USD rate of exchange of just one.0487 regarding like in quotations included in conversion process away from balance sheet sets on pp. 112-113 of Parmalat Finanziaria Salon consolidated financial statement – released variation. 18 Financial support progress to the euro/USD exchange rate of just one.0487 from like in quotations utilized in sales off harmony sheets into pp. 112-113 of your Parmalat Finanziaria Day spa consolidated financial statement – released adaptation 19 The fresh new CONSOB Declaration 3082946 off , re: Are accountable to the police off uncertainty out of criminal activity, p.step three – accessory 19, pp. 6-7: Bonlat – Memo. 20 Parmalat Group, FYE 2002 Efficiency and methods, , Milan – Fall 12
