14MB - Pirelli

Segment results for the year ending December 31, 2007 were as follows:
(in thousands of euros)
Tyre Real Estate Broadband
Access
Other
Businesses
Other Total 2007
Sales to third parties 4,160,899 1,724,024 112,410 68,410 9,854 6,075,597
Sales to the Group 819 351 - 3,028 (4,198) -
Total sales 4,161,718 1,724,375 112,410 71,438 5,656 6,075,597
Depreciation of property, plant
and equipment/amortization of
intangible assets (190,465) (7,646) (1,048) (883) (8,870) (208,912)
Impairment losses of property,
plant and equipment/intangible
assets (811) (3,823) - - - (4,634)
Operating profit (loss) 358,090 33,120 852 (8,497) (19,565) 364,000
Share of earnings (losses) of
companies accounted for by
the equity method 159 114,977 - - 1,407 116,543
Financial income (expenses) (81,887)
Impairment losses on investments
(34,137)
Dividends 34,459
Gains (losses) from changes in
fair value of financial assets (20,097)
Income before income
taxes 378,881
Income taxes (123,028)
Income from continuing
operations 255,853
Income (loss) from
discontinued operations 49,455 (14,788) 33,070 67,737
Income for the year 323,590
Sales between business segments are carried out at market value.
Segment assets, liabilities and capital expenditures at December 31, 2008 are as follows:
(in thousands of euros)
Tyre Real Estate Broadband
Access
Other
Businesses
Other
Total
12/31/2008
Segment assets 3,727,998 568,827 57,895 64,199 124,909 4,543,828
Investments in associates and
joint ventures 911 357,868 - 6,493 150,028 515,300
Total allocated assets 3,728,909 926,695 57,895 70,692 274,937 5,059,128
Unallocated assets 1,874,090
Total assets 6,933,218
Segment liabilities 1,628,707 355,252 58,864 26,640 158,450 2,227,913
Unallocated liabilities 2,330,943
Total liabilities 4,558,856
Capital expenditures - property,
plant and equipment 285,415 6,101 1,892 15,837 1,479 310,724
Capital expenditures - intangible
assets 459,777 13,702 164 75 2,986 476,704
ANNUAL FINANCIAL REPORT 2008
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