That it self-reliance will allow renegotiation toward re also money of financial obligation to the favourable terms. Cfr Cucinotta, Remain Bocchi G. G. of – E-mail delivered or obtained from the Dr. Ferraris, attachment no.
42 560 information regarding the region of opportunities will vary “with regards to the recipient of your pointers” just like the quoted less than: “To help you auditors, regarding equilibrium sheets, liquidity are registered as being in the”:
Auditors table An incredible number of euros % Italy 372 ten
4% European countries 368 ten.3% North america * 2,735 76.5% Central The united states 69 1.9% South usa nine 0.3% Africa eleven 0.3% China dos 0.1% Australia eight 0.2% Total step 3,573 100% * America comes with the newest Cayman Try, “We advised Practical &. Poor’s the liquidity was being stored about adopting the nations”
Parfin combination website name Bonlat1 % Bonlat Liquid assets 951 436 forty-five.8% Securities released to working-capital 2,413 2,127 88.1% Overall € step three,364 dos,563 76.2% From the Considering guidance Parfin delivered this new CONSOB to your 21/7/03, new group’s liquidity (“cash”) at the conclusion of 2002 along with are recorded to be focused, besides on Bonlat, regarding the a couple of Dutch financial firms (Parmalat Finance Company BV and you will Parmalat Netherlands BV) due to the fact shown from the following the dining table:
Parmalat category – Conclusion by depositary business from assets balances of current account during the finance companies Organization at the on Bonlat Resource Agency 43(5 forty-five.8% 645 68.3% Parmalat Finanziaria Day spa step three 0.3% 15 1.6% Parmalat Salon 66 6.9% 68 7.2% Parmalat Funds Organization BV 191′ 20.1% 117 several.4% Parmalat Netherlands BV 112J 11.8% 10 step 1.1% PDBI Liquidity Management Hungary 34 step three.6% 0 Parmalat Whole milk & Bakery 18 1.9% 0 Parmalat Eating Inc, 0 -,- 23 dos.4% Indulac step three 0.3% thirteen 1.4% Full From the Prominent DEPOSITARIES12 863 ninety.7% 891 94.4% Other programs 88 9.3% 53 5.6% Complete Liquidity 951 100.0% 944 100.0% Overall Exchangeability Leaving out BONLAT 515 54.2% 299 29.7% Quantity inside the scores of euros Principal numbers; where 189 on San Paolo-IMI. of which 109 on San Paolo- IMI The CONSOB is therefore able to determine that “an enormous part of the Parmalat group’s liquidity are centered within the latest Bonlat Financing Business, head office with the Cayman Are., a subsidiary controlled indirectly from Parmalat Day spa sub-group”eleven. In more intricate styles, the fresh “liquidity” of Parmalat class traceable back again to Bonlat was submitted just like the are distributed hence: 12 Consob – Declaration 3082946 out of ; re: Are accountable to government towards you can criminal activity – accessory 9 pp. 14-15; Detail//Overview of the brand new depositaries of group’s exchangeability since a proportion of the dominant numbers. 11 Consob – Report 3082285 from ; re: Parmalat Finanziaria Health spa – Are accountable to government out of suspicion regarding criminal activity, p. step 3.
Liquid assets released towards Bonlat equilibrium sheet at the Most recent account from the Financial regarding The usa 320 Cheques 116 Full € 436
Which size is suggested by Give Thornton and you may acknowledged throughout consolidation of your own harmony sheet (as a matter of fact dos,374 – 143 = dos,231 USD where 2,23step 1/1
Ties printed in order to working-capital during the Bonlat financial statement from the Securities placed at Financial off The united states 819 Epicurum Money 504 Promissory notes 804 Total € dos,127 The level of “Bonlat exchangeability” from the as the determined by the latest CONSOB is different from one revealed on the moments of your Board from Statutory Auditors towards ten/4/03 and in the accessory. “Bonlat liquidity” as mentioned on the Panel regarding Legal Auditors moments, is restricted so you can “ties at your workplace money when you look at the portfolio from part Bonlat” that will be cherished in the euro dos,374,373,114. The latest attachment means yet not the money unit are going to be USD, maybe not euros. Also, despite and this unit away from account can be used, this new rates in the Panel of Legal Auditors times commonly verified from the those of the newest CONSOB. As a matter of fact, turned into euros, the amount of the fresh “securities into the working capital” was equal to 2,264 billion, while in accordance with the CONSOB it will be 2,127. The brand new telecommunications out-of philosophy is certainly noticeable to your number of the main city subscribed on Epicurum Loans 
, specifically 504 million euros (529/1.0487 = 504). Throughout the Panel away from Legal Auditors times indeed brand new reclassification regarding the promissory cards of working capital so you can fixed financial assets from inside the the level of USD 143 mil otherwise euro 120 billion are overlooked. 0487 = 2127).At the ending up in the monetary experts for the ten/4/03 everything towards the liquidity appeared to be offered fundamentally given that an example/comments of one’s numbers included in the following the table: fourteen Particularly, p. 02 of one’s minutes off ten/4/03 the Panel regarding Statutory Auditors Parmalat Finanziaria spa, Meeting with the new auditing firms Deloitte and you can Offer Thornton: Obtain details about Notes throughout the group’s exchangeability. 15 Document “Re also Bonlat Securities”, delivered towards thru facsimile away from Offer Thornton Health spa by Dr. Verde to Dr. Brughera. 16 The CONSOB – Declaration 3082285 out of ; re: Parmalat Finanziaria spa-Are accountable to the police of suspicion from criminal activity, p.3; p. step three. 17 Investment progress towards the euro/USD exchange rate of just one.0487 regarding such as quotations used in transformation from balance sheet sets towards the pp. 112-113 of your own Parmalat Finanziaria Salon consolidated financial record – posted adaptation. 18 Money gains with the euro/USD rate of exchange of just one.0487 away from as in quotations found in transformation regarding equilibrium sheet sets to your pp. 112-113 of one’s Parmalat Finanziaria Day spa consolidated financial statement – printed type 19 The CONSOB Declaration 3082946 out-of , re: Are accountable to the authorities away from uncertainty from criminal activity, p.step three – attachment 19, pp. 6-7: Bonlat – Memo. 20 Parmalat Class, FYE 2002 Show and strategies, , Milan – Slip several