2015 › Annual report 2015

Review of the results of the separate financial statements

EXOR S.p.A. closes the year 2015 with a profit of €2,551.3 million (€51.8 million in 2014).

The positive change is primarily due to higher dividends of €2,422.7 million and the reduction in net financial expenses which in 2015 show net financial income of €0.6 million.

The separate condensed income statement and condensed statement of financial position, as well as comments on the most significant line items are presented below.

EXOR S.p.A. - Condensed Income Statement

€ million Note 2015 2014 Change
Dividends from investments 1 2,566.2 143.5 2,422.7
Gains (losses) on disposals, impairment (losses) reversals of investments 2 4.1 3.1 1.0
Net financial income (expenses) 3 0.6 (72.7) 73.3
Net general expenses 4 (16.6) (18.1) 1.5
Non-recurring other income (expenses) and general expenses 5 (9.4) (6.2) (3.2)
Income taxes and other taxes and duties   6.4 2.2 4.2
Profit for the year   2,551.3 51.8 2,499.5

EXOR S.p.A. - Condensed Statemet of Financial Position

  12.31.201512.31.2014 
€ million Note Amount % Amount % Change
Investments and other financial assets available-for-sale 6 4,935.4 54.3 4,632.8 90.7 302.6
Other non-current financial assets 8 26.4 0.3 26.7 0.5 (0.3)
Current financial assets and cash and cash equivalents 8 3,430.8 37.7 443.1 8.7 2,987.7
Financial receivables from subsidiaries 8 701.8 7.7 1.1 0.0 700.7
Tax receivables   4.2 0.0 6.0 0.1 (1.8)
Other current and non-current assets   0.8 0.0 0.9 0.0 (0.1)
Total Assets   9,099.4 100.0 5,110.6 100.0 3,988.8
Equity 7 6,419.3 70.5 3,409.9 66.7 3,009.4
Bonds 8 2,625.1 28.9 1,624.9 31.8 1,000.2
Other current financial liabilities 8 32.6 0.4 45.6 0.9 (13.0)
Current and non-current provisions and other liabilities   22.4 0.2 30.2 0.6 (7.8)
Total Equity and Liabilities   9,099.4 100.0 5,110.6 100.0 3,988.8
Commercial Register No.64236277 Legal notes | Credits