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

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Interpump Group S.p.A. published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 13:53:00 UTC.