Balance sheet

Download Pirelli in Figures (XLS)

Net Invested Capital

€ million (carve-out figures)

Source of Financing

€ million (carve-out figures)

€ million (carve-out figures)
FY 2014
FY 2015
FY 2016
Intangible assets1 674 657 5,996
Tangible assets 2,115 2,075 2,925
Financial Investments 368 392 246
Net operating working capital 174 260 274
Other payables / receivables 137 (24) 19
Assets held for sale 31 0 0
Net Invested Capital 3,498 3,360 9,460
Net equity 1,850 1,636 2,633
Provisions 609 483 1,866
Net financial position 1,038 1,241 4,961
Source of financing 3,498 3,360 9,460
1. Following the merger of Marco Polo into Pirelli, the acquisition price excess amounting to €6 billion has been allocated through the Purchase Price Allocation process (PPA) to the fair value of Pirelli assets and liabilities as of September 1, 2015 (acquisition date). Due to the subsequent reverse merger of Marco Polo into Pirelli, the value of intangible assets in FY 2016 increased significantly.

Net Invested Capital

€ million (reported figures)

Source of Financing

€ million (reported figures)

€ million (reported figures)
FY 20161
9M 2017
Intangible assets 6,497 5,910
Tangible assets 3,557 2,968
Financial Investments 246 269
Net operating working capital 236 940
Other payables / receivables -311 147
Assets held for sale 0 -1
Net Invested Capital 10,225 10,233
Net equity 3,275 4,160
Provisions 2,037 1,786
Net financial position 4,913 4,288
Source of financing 10,225 10,233
1. Reported figures for FY 2016 (NIC 10,225 million €) include assets related to Pirelli Industrial activities, thereby differing from full year carve-out figures for 2016 (NIC 9,460 million €).

Latest update: 06/11/2017