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Prospectus - Notowania

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8. PROPERTY, PLANT AND EQUIPMENT<br />

8.1. Fixed assets and intangible assets<br />

For information on fixed assets and intangible assets and the relative quantification, refer to the<br />

First Section, Chapter 5, Paragraph 5.2.1. which details the main investments carried out by the<br />

Group in the last three financial years and the first nine months of 2009.<br />

• Tangible assets: breakdown of assets valued at cost<br />

The information regarding tangible assets as at September 30, 2009 and December 31, 2008,<br />

2007 and 2006 is shown below, valued at cost.<br />

( millions of €)<br />

Tangible<br />

assets<br />

Valued at cost % change<br />

09.30.2009 12.31.2008 12.31.2007 12.31.2006 2009/2008 2008/2007 2007/2006<br />

A.<br />

Instrumental<br />

assets<br />

1.1 owned 8,870 9,122 8,911 7,489 -2.8% 2.4% 19.0%<br />

a) land 1,878 2,237 2,351 1,342 -16.0% -4.8% 75.2%<br />

b) buildings 4,043 4,369 4,395 3,158 -7.5% -0.6% 39.2%<br />

c) furniture 266 287 281 180 -7.3% 2.1% 56.1%<br />

d) electronic<br />

systems<br />

753 814 559 463 -7.5% 45.6% 20.7%<br />

e) other 1 1,930 1,415 1,325 2,346 36.4% 6.8% -43.5%<br />

1.2 acquired<br />

under<br />

financial<br />

lease<br />

161 138 103 103 16.7% 34.0% 0%<br />

a) land 3 3 11 11 0% -72.7% 0%<br />

b) buildings 49 50 74 74 -2.0% -32.4% 0%<br />

c) furniture - 2 1 1 -100.0% 100.0% 0%<br />

d) electronic<br />

systems<br />

3 7 2 1 -57.1% 250.0% 100.0%<br />

e) other 106 76 15 16 39.5% 406.7% -6.3%<br />

Total A 9,031 9,260 9,014 7,592 -2.5% 2.7% 18.7%<br />

B. Assets held<br />

for<br />

investment<br />

2.1 owned 1,514 1,368 1,399 1,023 10.7% -2.2% 36.8%<br />

a) land 611 631 585 412 -3.2% 7.9% 42.0%<br />

b) buildings 903 737 814 611 22.5% 9.5% 33.2%<br />

2.2 acquired<br />

under<br />

financial<br />

lease<br />

- - - - -<br />

a) land - - - - - - -<br />

b) buildings - - - - - - -<br />

c) other - - - - - - -<br />

Total B 1,514 1,368 1,399 1,023 10.7% -2.2% 36.8%<br />

Total (A+B) 10,545 10,628 10,413 8,615 -0.8% 2.1% 20.9%<br />

1<br />

As at December 12, 2007, ongoing leasing transactions were reclassified under the item loans to customers as a result of<br />

instructions from the Bank of Italy.<br />

- 170 -

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