That it self-reliance tend to enable renegotiation for the re investment of financial obligation into the favorable terms. Cfr Cucinotta, Remain Bocchi G. Grams. out of - E-send sent or acquired because of the Dr. Ferraris, accessory no.

42 560 information regarding the spot from assets are different “according to recipient of your own suggestions” just like the cited below: “So you can auditors, regarding balance sheets, exchangeability try submitted to be during the”:

Auditors desk Many euros % Italy 372 10

4% Europe 368 10.3% America * dos,735 76.5% Main America 69 step one.9% South usa 9 0.3% Africa eleven 0.3% Asia dos 0.1% Australian continent eight 0.2% Overall step 3,573 100% * United states comes with the newest Cayman Are, "I advised Standard &. Poor's that the exchangeability had been held on the after the regions”

Parfin consolidation domain Bonlat1 % Bonlat Liquid assets 951 436 forty-five.8% Bonds posted so you're able to working-capital 2,413 dos,127 88.1% Total € step three,364 dos,563 76.2% At the Centered on information Parfin delivered the newest CONSOB for the 21/7/03, the new group's exchangeability (“cash”) at the end of 2002 along with is recorded as being focused, except that from the Bonlat, throughout the one or two Dutch financial firms (Parmalat Finance Corporation BV and you will Parmalat Netherlands BV) while the revealed regarding the following the table:

Parmalat class – Summation from the depositary company off possessions stability off newest levels in the financial institutions Providers in the at the Bonlat Financial support Firm 43(5 forty five.8% 645 68.3% Parmalat Finanziaria Day spa step 3 0.3% fifteen 1.6% Parmalat Health spa 66 six.9% 68 7.2% Parmalat Fund Company BV 191' 20.1% 117 a dozen.4% Parmalat Netherlands BV 112J 11.8% ten step 1.1% PDBI Liquidity Administration Hungary 34 step 3.6% 0 Parmalat Whole milk & Bakery 18 step 1.9% 0 Parmalat Restaurants Inc, 0 -,- 23 dos.4% Indulac step three 0.3% 13 step one.4% Full During the Dominating DEPOSITARIES12 863 ninety.7% 891 94.4% Other businesses 88 nine.3% 53 5.6% Complete Exchangeability 951 100.0% 944 a hundred.0% Overall Exchangeability Excluding BONLAT 515 54.2% 299 29.7% Numbers during the scores of euros Dominating numbers; where 189 during the San Paolo-IMI. from which 109 at the San Paolo- IMI The CONSOB was for this reason capable determine you to “a huge part of the Parmalat group's exchangeability try centered at the the latest Bonlat Financial support Company, head office to your Cayman Try., a subsidiary regulated ultimately from Parmalat Health spa sandwich-group”11. In more outlined manner, the new “liquidity” of your Parmalat classification traceable back to Bonlat are submitted due to the fact getting distributed hence: a dozen Consob - Report 3082946 away from ; re: Are accountable to regulators in regards to the it is possible to crime - accessory nine pp. 14-15; Detail//Report on the depositaries of your group's exchangeability while the a percentage of one's dominant numbers. 11 Consob - Statement 3082285 of ; re: Parmalat Finanziaria Day spa - Are accountable to bodies of uncertainty away from crime, p. step 3.

Liquid assets printed to your Bonlat harmony piece from the Current account in the Bank off The united states 320 Cheques 116 Overall € 436

That it scale is proposed of the Offer Thornton and you can accepted while in the consolidation of your own balance layer (as a matter of fact 2,374 – 143 = 2,231 USD at which dos,23step 1/1

Securities published to help you working-capital when you look at the Bonlat financial statement on Securities transferred on Lender out-of America 819 Epicurum Finance 504 Promissory cards 804 Full € 2,127 The amount of “Bonlat exchangeability” during the because the dependent on the CONSOB differs from one to revealed on moments of one's Board out of Legal Auditors towards ten/4/03 plus the connection. “Bonlat exchangeability” as stated from the Panel away from Statutory Auditors times, is restricted in order to “bonds at your workplace resource when you look at the portfolio of subsidiary Bonlat” that's cherished at euro dos,374,373,114. The accessory implies not your money tool would be USD, maybe not euros . Additionally, no matter and therefore tool out of membership can be used, this new data throughout the Panel from Statutory Auditors minutes are not confirmed because of the those of brand new CONSOB. As a matter of fact, turned into euros, the degree of the latest “securities for the working-capital” could be equal to 2,264 million, whilst in conformity toward CONSOB it could be dos,127. This new telecommunications from viewpoints is obviously detectable on quantity of the main city registered on the Epicurum Loans, namely 504 million euros (529/1.0487 = 504). Regarding Board of Statutory Auditors times actually new reclassification out-of brand new promissory cards of working capital so you can fixed monetary possessions during the the level of USD 143 billion otherwise euro 120 million is ignored. 0487 = 2127).At the ending up in the fresh financial experts into ten/4/03 the information towards liquidity appeared to be supplied essentially because a good example/commentary of figures part of the after the desk: 14 Specifically, p. 02 of your own times out of ten/4/03 this new Panel off Legal Auditors Parmalat Finanziaria health spa, Ending up in new auditing organizations Deloitte and Grant Thornton: Request information about Cards regarding the group's exchangeability. 15 Document “Re also Bonlat Bonds”, sent to your via facsimile off Offer Thornton Health spa by Dr. Verde so you can Dr. Brughera. sixteen The fresh new CONSOB – Declaration 3082285 off ; re: Parmalat Finanziaria day spa-Report to the authorities out of uncertainty off crime, p.3; p. 3. 17 Resource increases towards euro/USD exchange rate of 1.0487 off such as quotations included in sales from harmony sheets into the pp. 112-113 of your own Parmalat Finanziaria Spa consolidated statement of finance – published type. 18 Financial support growth on euro/USD rate of exchange of just one.0487 away from such as quotations included in conversion process out of balance sheet sets for the pp. 112-113 of one's Parmalat Finanziaria Salon consolidated financial record – printed adaptation 19 The fresh new CONSOB Declaration 3082946 away from , re: Report to the authorities out-of suspicion of crime, p.3 - attachment 19, pp. 6-7: Bonlat – Memo. 20 Parmalat Group, FYE 2002 Performance and strategies, , Milan - Slide several