Balance sheet

Download Pirelli in Figures (XLS)

FY 2018 Balance Sheet figures' release available on February 26th, 2019

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.

Last revised: 15 Feb 2019

Further information on the company's financial communications is available in the

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