Balance sheet
Download Pirelli in Figures (XLS)
Net Invested Capital
€ million (2014-16 carve-out figures)
Source of Financing
€ million (2014-16 carve-out figures)
| € million (carve-out figures) |
FY 2014
|
FY 2015
|
FY 2016
|
FY 2017
|
| Intangible assets1 | 674 | 657 | 5,996 | 5,894 |
| Tangible assets | 2,115 | 2,075 | 2,925 | 2,980 |
| Financial Investments | 368 | 392 | 246 | 247 |
| Net operating working capital | 174 | 260 | 274 | (81) |
| Other payables / receivables | 137 | (24) | 19 | (42) |
| Assets held for sale | 31 | 0 | 0 | 61 |
| Net Invested Capital | 3,498 | 3,360 | 9,460 | 9,059 |
|---|
| Net equity | 1,850 | 1,636 | 2,633 | 4,177 |
| Provisions | 609 | 483 | 1,866 | 1,664 |
| Net financial position | 1,038 | 1,241 | 4,961 | 3,219 |
| Source of financing | 3,498 | 3,360 | 9,460 | 9,059 |
|---|
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) |
1H 2017
|
1H 2018
|
| Intangible assets | 5,940 | 5,832 |
| Tangible assets | 2,927 | 2,971 |
| Financial Investments | 264 | 78 |
| Net operating working capital | 766 | 796 |
| Other payables / receivables | 190 | 113 |
| Assets held for sale | 0 | 39 |
| Net Invested Capital | 10,087 | 9,829 |
|---|
| Net equity | 4,057 | 4,323 |
| Provisions | 1,853 | 1,589 |
| Net financial position | 4,177 | 3,917 |
| Source of financing | 10,087 | 9,829 |
|---|