Interpump S p A : FY2020 Financial Statements » Download (6,022 Kb)

Annual financial report at 31 December 2020

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Annual Financial Report at 31-12-2020 - Interpump Group

Contents

			Page
Composition of corporate bodies	3
2020 Board of Directors' Report	5
Consolidated Financial Statements at 31/12/2020	35
Consolidated statement of financial position	36
Consolidated income statement	38
Comprehensive consolidated income statement	39
Consolidated cash flow statement	40
Statement of changes in consolidated shareholders' equity	42
Notes to the annual financial report	43
1.	General information	43
2.	Scope of consolidation	43
3.	Accounting standards	46
	3.1	Reference accounting standards	46
	3.1.1	Accounting standards, amendments and interpretations in force
		from 1 January 2020 and adopted by the Group	47
	3.1.2 New accounting standards and amendments
		not yet applicable and not adopted early by the Group	48
	3.2	Consolidation principles	49
	3.3	Business sector information	52
	3.4	Treatment of foreign currency transactions	52
	3.5	Non-current assets held for sale and discontinued operations	53
	3.6	Property, plant and equipment	54
	3.7	Goodwill	55
	3.8	Other intangible assets	55
	3.9	Impairment of assets	56
	3.10	Equity investments	57
	3.11	Cash and cash equivalents	57
	3.12	Financial assets (Trade receivables, Other financial assets
		and Other assets)	57
	3.13	Derivative financial instruments	59
	3.14	Inventories	60
	3.15	Share capital and Treasury Shares	60
	3.16	Financial liabilities (Trade payables, Bank payables,
		Interest-bearing financial payables and Other liabilities)	60
	3.17	Liabilities for employee benefits	61
	3.18	Income taxes	62
	3.19	Provisions for risks and charges	64
	3.20	Revenues	64
	3.21	Costs	65

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Annual Financial Report at 31-12-2020 - Interpump Group

4.	Business sector information	65
5.	Business combinations	71
6.	Cash and cash equivalents	75
7.	Trade receivables	76
8.	Inventories	76
9.	Other current assets	77
10.	Property, plant and equipment	77
11.	Goodwill	78
12.	Other intangible assets	79
13.	Other financial assets	81
14.	Deferred tax assets and liabilities	83
15.	Interest-bearing financial payables and bank payables	83
16.	Other current liabilities	85
17.	Provisions for risks and charges	86
18.	Liabilities for employee benefits	87
19.	Other non-current liabilities	88
20.	Share capital	88
21.	Reserves	94
22.	Minority shareholders' equity	96
23.	Other net revenues	96
24.	Costs by nature	97
25.	Directors' and statutory auditors' remuneration	98
26.	Financial income and expenses	98
27.	Income taxes	99
28.	Earnings per share	101
29.	Information on financial assets and liabilities	102
30.	Information on financial risks	103
31.	Notes to the cash flow statement	107
32.	Commitments	108
33.	Transactions with related parties	108
34.	Events occurring after the close of the year	110
Annex 1: Certification of the consolidated financial statements pursuant to art. 81-(3) of
Consob regulation no. 11971 of 14 May 1999 as amended	111
Report of the Board of Statutory Auditors on the consolidated financial statements	112
Independent auditor's report on the consolidated financial statements	121
Separate Financial Statements at 31 December 2020 - Interpump Group S.p.A.	127

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Annual Financial Report at 31-12-2020 - Interpump Group

Board of Directors

Fulvio Montipò

Chairman and Chief Executive Officer

Giovanni Tamburi (b)

Deputy Chairman

Victor Gottardi

Executive Director

Fabio Marasi

Executive Director

Angelo Busani (a) (c)

Independent Director

Antonia Di Bella

Independent Director

Marcello Margotto (b)

Independent Director

Lead Independent Director

Federica Menichetti (a) (b) (c)

Independent Director

Stefania Petruccioli

Independent Director

Paola Tagliavini (a), (c)

Independent Director

Board of Statutory Auditors

Anna Maria Allievi

Chairman

Roberta De Simone

Statutory Auditor

Mario Tagliaferri

Statutory Auditor

Independent Auditors

EY S.p.A.

1. 1. Member of the Audit, Risks and Sustainability Committee
2. Member of the Remuneration Committee and Appointments Committee
3. 1. Member of the Related Party Transactions Committee

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