It freedom often permit renegotiation to your re also funding of financial obligation towards the favorable terminology. Cfr Cucinotta, Sit Bocchi Grams. Grams. off – E-mail sent otherwise received from the Dr. Ferraris besthookupwebsites.org/local-hookup/newcastle, accessory no.
42 560 information on the spot of investments vary “depending on the person of your own information” because quoted lower than: “In order to auditors, in the balance sheet sets, exchangeability try filed as actually from inside the”:
Auditors desk Many euros % Italy 372 10
4% European countries 368 10.3% United states * dos,735 76.5% Central The usa 69 step 1.9% South america 9 0.3% Africa eleven 0.3% China dos 0.1% Australian continent eight 0.2% Overall 3,573 100% * The united states includes the fresh Cayman Try, “I told Standard &. Poor’s the exchangeability had been kept from the after the countries”
Parfin consolidation domain Bonlat1 % Bonlat Quick assets 951 436 forty-five.8% Bonds released in order to working-capital 2,413 dos,127 88.1% Complete € 3,364 2,563 76.2% Within According to information Parfin delivered the brand new CONSOB to your 21/7/03, the new group’s exchangeability (“cash”) at the conclusion of 2002 along with is actually submitted to be focused, except that from the Bonlat, in the a couple Dutch however this is (Parmalat Finance Enterprise BV and you can Parmalat Netherlands BV) due to the fact shown from the after the table:
Parmalat group – Realization by the depositary company off property stability regarding latest accounts at the banks Providers in the within Bonlat Investment Company 43(5 forty-five.8% 645 68.3% Parmalat Finanziaria Health spa step three 0.3% 15 1.6% Parmalat Spa 66 6.9% 68 seven.2% Parmalat Funds Enterprise BV 191′ 20.1% 117 several.4% Parmalat Netherlands BV 112J 11.8% 10 step one.1% PDBI Exchangeability Government Hungary 34 step 3.6% 0 Parmalat Milk & Bakery 18 1.9% 0 Parmalat Food Inc, 0 -,- 23 dos.4% Indulac step three 0.3% thirteen step 1.4% Overall Within Dominant DEPOSITARIES12 863 90.7% 891 94.4% Other companies 88 9.3% 53 5.6% Total Liquidity 951 a hundred.0% 944 one hundred.0% Full Liquidity Leaving out BONLAT 515 54.2% 299 31.7% Number for the many euros Dominant wide variety; of which 189 during the San Paolo-IMI. at which 109 from the San Paolo- IMI New CONSOB try therefore capable dictate that “an enormous part of the Parmalat group’s liquidity is actually focused on the new Bonlat Financing Corporation, head office with the Cayman Are., a part managed indirectly from Parmalat Health spa sub-group”eleven. Much more in depth trends, the newest “liquidity” of the Parmalat class traceable back once again to Bonlat is actually submitted since the getting delivered therefore: several Consob – Statement 3082946 from ; re: Report to regulators concerning it is possible to criminal activity – attachment 9 pp. 14-15; Detail//Breakdown of the brand new depositaries of one’s group’s exchangeability due to the fact a proportion of your principal number. eleven Consob – Report 3082285 from ; re: Parmalat Finanziaria Day spa – Are accountable to regulators of suspicion off criminal activity, p. 3.
Quick assets released on the Bonlat equilibrium layer on Newest account during the Financial of The usa 320 Cheques 116 Full € 436
This measure is suggested because of the Grant Thornton and you can recognized while in the combination of one’s equilibrium layer (as a matter of fact 2,374 – 143 = 2,231 USD at which 2,231/step one
Ties printed to working-capital in the Bonlat financial record within Ties deposited in the Bank out-of The united states 819 Epicurum Financing 504 Promissory notes 804 Overall € 2,127 The level of “Bonlat exchangeability” from the since the determined by the brand new CONSOB differs from that found on the times of your Board of Statutory Auditors towards 10/4/03 as well as in their accessory. “Bonlat liquidity” as stated from the Board regarding Statutory Auditors moments, is restricted to help you “bonds at the office money inside portfolio regarding part Bonlat” and is valued at the euro dos,374,373,114. The latest accessory indicates not that the currency unit would be USD, not euros. Additionally, no matter what which tool away from account is used, the fresh figures regarding Board out-of Statutory Auditors times commonly affirmed by the that from the newest CONSOB. In fact, turned into euros, the level of the “bonds when you look at the working capital” will be comparable to dos,264 million, during accordance towards CONSOB it might be dos,127. The latest communication out of beliefs is definitely noticeable with the number of the administrative centre licensed regarding Epicurum Fund, specifically 504 billion euros (529/step 1.0487 = 504). On the Panel of Statutory Auditors minutes actually this new reclassification out of the fresh new promissory notes away from working capital so you’re able to fixed monetary property inside the degree of USD 143 billion or euro 120 mil is forgotten. 0487 = 2127).Within meeting with this new economic analysts on the ten/4/03 all the details into liquidity appeared as if provided generally once the a good example/commentary of your own figures included in the following table: 14 Particularly, p. 02 of your own minutes of ten/4/03 the brand new Board out-of Statutory Auditors Parmalat Finanziaria spa, Meeting with the auditing providers Deloitte and you can Grant Thornton: Ask for details about Notes on the group’s exchangeability. fifteen Document “Re Bonlat Ties”, delivered with the via facsimile out-of Grant Thornton Salon from the Dr. Verde in order to Dr. Brughera. sixteen This new CONSOB – Statement 3082285 regarding ; re: Parmalat Finanziaria salon-Are accountable to the police out-of uncertainty out of crime, p.3; p. step 3. 17 Financing development to your euro/USD exchange rate of just one.0487 of as in quotations utilized in transformation away from equilibrium sheets for the pp. 112-113 of the Parmalat Finanziaria Salon consolidated financial record – printed version. 18 Funding development with the euro/USD exchange rate of 1.0487 away from as with quotations used in transformation out-of balance sheets on pp. 112-113 of your own Parmalat Finanziaria Health spa consolidated financial statement – posted adaptation 19 This new CONSOB Declaration 3082946 out of , re: Are accountable to law enforcement out-of suspicion away from crime, p.step 3 – connection 19, pp. 6-7: Bonlat – Memo. 20 Parmalat Class, FYE 2002 Performance and strategies, , Milan – Slide several