Orsero S.p.A. Pro-forma Consolidated Financial Accounts as at 31 December 2016

Orsero prepared the Company’s Pro-Forma Consolidated Financial Data as at 31 December 2016 (the “Pro-Forma Consolidated Data”). These data take into account the effects arising from the merger by incorporation of GF Group S.p.A. into Glenalta Food S.p.A. (the “Merger”), which was effective as of 13 February of this year, and of preliminary operations to the same merger. They were prepared according to IFRS international accounting standards and subject to voluntary audit.

Please note that the Pro-Forma Consolidated Financial Accounts for Orsero as at 31 December 2016 are substantially comparable with the GF Group S.p.A. Consolidated Financial Accounts as at 31 December 2015 (restated according to IFRS/IAS accounting standards), with the exception of certain items of the statement of financial position. These items, as at 31 December 2016, take into account the effects of the Business Combination achieved through the Merger, the most significant among them being:

  • the impact on Fixed Assets, Net Working Capital and Net Financial Position deriving from “preliminary transactions” related to the Merger (namely the spin-off of Mono Azul and Business Aviation);
  • the positive impact on Total Equity and Net Financial Position of approximately Euro 49 million deriving from financial resources injected by Glenalta Food S.p.A.

Following hear the main financial data, amounts in thousands of Euro.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION PRO-FORMA AS AT 31 DECEMBER 2016

bs-2016-proforma

 

 

 

CONSOLIDATED INCOME STATEMENT PRO-FORMA AS AT 31 DECEMBER 2016

pl-2016-proforma ebit-adjustments

 

 

KEY INDICATORS

indicators

 

(*) 2015 Consolidated Financial Statements of GF Group S.p.A. according to IFRS accounting principles.