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4 Financial statements8

The formats adopted for the preparation of the financial statements are consistent with the provisions of IAS 1 – “Presentation of financial statements” (hereinafter “IAS 1”). In particular:

It is believed that these statements adequately represent the group’s situation with regard to its balance sheet, income statement and financial position.

Moreover, pursuant to Consob Resolution No. 15519 of 28 July 2006, any income and expense from non-recurring operations is shown separately in the income statement.

With regard to the same Consob Resolution, the balances of receivables/payables and transactions with related parties, described in more detail in Note 33 – “Related-party transactions”, are shown separately in the financial statements.

In compliance with IAS 1, unless otherwise stated, comparative data refer to the previous year.

8 The financial statements are the same as those adopted for the 2013 Annual Report.

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