Cash and cash equivalents

298,887

180,434

Trade receivables, net

686,172

577,317

Inventories, net

300,498

248,933

Derivative financial instruments - current

11,005

15,498

Financial receivables and other receivables from parent company, subsidiaries, associates and related parties - current

168,605

145,871

Other current assets

97,013

117,235

Property, plant and equipment

766,697

712,896

Intangible assets

196,384

192,330

Investments

954,183

860,178

Deferred tax assets

30,797

29,617

Other non-current assets

21,817

23,816

Derivative financial instruments - non-current

5,290

8,018

Financial receivables and other receivables from parent company, subsidiaries, associates and related parties - non-current

172,433

162,734

Short-term financial payables and bank overdraft

340,803

264,499

Financial payables and other payables to parent company, subsidiaries, associates and related parties - current

40,087

86,032

Trade payables

807,824

706,732

Tax payables

30,724

18,469

Derivative financial instruments - current

14,171

7,557

Other current liabilities

119,732

99,002

Long-term financial payables

365,971

523,909

Long-term employee benefits

26,712

30,549

Provisions for risks and charges

2,178

10,153

Deferred tax liabilities

2,249

5,456

Other non-current liabilities

23,388

26,893

Derivative financial instruments - non-current

7,072

7,086

Financial payables and other payables to parent company, subsidiaries, associates and related parties - non-current

13,878

68,874

Share capital

255,882

255,882

Total other reserves

950,562

1,002,230

Net income of the period

708,548

161,554

Net revenues

1,753,693

1,498,554

Cost of goods sold

(801,248)

(668,697)

Operating expenses

(728,846)

(600,210)

Interest and other financial income / (expenses), net

(41,879)

(46,810)

Dividends from investments

603,102

24,779

Taxation

(58,274)

(46,062)

Change in Cash Flow Hedge reserve

(8,423)

4,581

Tax impact

2,021

(1,099)

Change in Fair Value Investments in equity instruments reserve

(6,706)

(5,569)

Tax impact

-

-

Change in Actuarial reserve

5

(681)

Tax impact

-

90

Depreciation and amortization

58,425

45,559

Impairment of property, plant and equipment and intangible assets

1,061

2,247

Losses/(gains) on disposal of non-current assets

(1,523)

(101)

Impairment of investments

26,311

33,433

Monetary financial (income) expenses

(603,316)

(21,438)

Other non-monetary (income) expenses

68

(16,287)

Trade receivables, net

(113,527)

6,167

Inventories, net

(28,022)

(28,728)

Trade payables

101,092

(37,402)

Other current assets and liabilities

8,461

46,708

Other non-current assets and liabilities

(14,991)

(18,168)

Interest paid, net

(1,779)

(8,963)

Taxes paid

(21,870)

-

Purchase of property, plant and equipment and intangible assets

(142,507)

(112,177)

Disposal of property, plant and equipment and intangible assets

4,250

256

Investments in subsidiaries

(7,084)

(10,168)

Financial investments

(96,267)

Dividends from investments

603,102

24,779

Dividends paid to shareholders

(191,912)

(307,059)

Change in short-term borrowing - third parties

90,000

(218)

Change in intercompany loans

(51,727)

-

Loans repaid by subsidiaries

44,406

27,415

Loans made to subsidiaries

(140,688)

(34,964)

Repayment of short-term portion of long-term borrowings - third parties

(140,332)

(30,356)

Repayment of Notes

(130,000)

Arrangement of long-term borrowings - third parties

100,000

299,500

Opening cash and cash equivalents, net of bank overdraft

180,434

112,783

Cash and cash equivalents, net of bank overdraft

298,887

180,434

Allocation of 2016 net income

-

-

-

-

-

183,355

-

-

183,355

(183,355)

-

Dividends

-

-

-

-

-

(307,059)

-

-

(307,059)

-

(307,059)

Other movements

-

-

-

-

-

80,290

-

(2,207)

78,083

-

78,083

Comprehensive income for the period (recyclable to P&L)

-

-

-

-

-

-

3,482

(3,362)

120

161,554

161,674

Comprehensive income for the period (not recyclable to P&L)

-

-

-

-

-

(592)

-

-

(592)

-

(592)

First Time Adoption IFRS 15 – Allowance for return assets

-

-

-

-

-

(2,740)

-

-

(2,740)

-

(2,740)

First Time Adoption IFRS 9 – Allowance for bad and doubtful debts

-

-

-

-

-

(5,467)

-

-

(5,467)

-

(5,467)

First Time Adoption IFRS 9 – Derivatives

-

-

-

-

-

2,063

(2,063)

-

-

-

-

Allocation of 2017 net income

-

-

-

-

-

161,554

-

-

161,554

(161,554)

-

Dividends

-

-

-

-

-

(191,912)

-

-

(191,912)

-

(191,912)

Comprehensive income for the period (recyclable to P&L)

-

-

-

-

-

-

(6,402)

-

(6,402)

708,548

702,146

Comprehensive income for the period (not recyclable to P&L)

-

-

-

-

-

5

-

(6,706)

(6,701)

-

(6,701)