Annual Financial Report

at 31 December 2018

Annual Financial Report at 31-12-2018 - Interpump Group

Contents

Page

Composition of corporate bodies

3

Board of Directors' Report for 2018

5

Consolidated financial statements at 31/12/2018

33

Consolidated statement of financial position

34

Consolidated income statement

36

Comprehensive consolidated income statement

37

Consolidated cash flow statement

38

Statement of changes in consolidated shareholders' equity

40

Notes to the annual financial report

41

1.

General information

41

2.

Scope of consolidation

41

3.

Accounting standards

44

3.1

Reference accounting standards

44

3.1.1 Accounting standards, amendments and interpretations in force

from 1 January 2018 and adopted by the Group

45

3.1.2 Accounting standards, amendments and interpretations in force

from 1 January 2018, but not relevant for the Group

46

3.1.3 New accounting standards and amendments

not yet applicable and not adopted early by the Group

47

3.2

Consolidation principles

49

3.3

Business sector information

52

3.4 Treatment of foreign currency transactions

52

3.5Non-currentassets 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)

58

3.13

Derivative financial instruments

59

3.14

Inventories

60

3.15

Share capital and Treasury Shares

61

3.16

Financial liabilities (Trade payables, Bank payables,

Interest-bearing financial payables and Other liabilities)

61

3.17

Liabilities for employee benefits

61

3.18

Income taxes

63

Annual Financial Report at 31-12-2018 - Interpump Group

3.19 Provisions for risks and charges

64

3.20

Revenues

64

3.21

Costs

65

4.

Business sector information

65

5.

Business combinations

71

6.

Cash and cash equivalents

75

7.

Trade receivables

75

8.

Inventories

76

9.

Other current assets

76

10.

Property, plant and equipment

77

11.

Goodwill

78

12.

Other intangible assets

79

13.

Other financial assets

80

14.

Deferred tax assets and liabilities

82

15.

Assets and liabilities held for sale

83

16.

Interest-bearing financial payables and bank payables

83

17.

Other current liabilities

85

18.

Provisions for risks and charges

86

19.

Liabilities for employee benefits

86

20.

Other non-current liabilities

87

21.

Share capital

88

22.

Reserves

94

23.

Minority shareholders' equity

95

24.

Other net revenues

96

25.

Costs by nature

96

26.

Directors' and statutory auditors' remuneration

97

27.

Financial income and expenses

97

28.

Income taxes

98

29.

Earnings per share

100

30.

Information on financial assets and liabilities

101

31.

Information on financial risks

102

32.

Notes to the cash flow statement

107

33.

Commitments

107

34.

Transactions with related parties

108

35.

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

119

Interpump Group S.p.A. - Separate Financial Statements at 31 December 2018

125

Annual Financial Report at 31-12-2018 - Interpump Group

Board of Directors

Fulvio Montipò

Chairman and Chief Executive Officer

Paolo Marinsek

Deputy Chairman

Angelo Busani (a)

Independent Director

Antonia Di Bella

Independent Director

Franco Garilli (a), (b), (c)

Independent Director

Lead Independent Director

Marcello Margotto (b)

Independent Director

Stefania Petruccioli (a), (c)

Independent Director

Paola Tagliavini (a), (c)

Independent Director

Giovanni Tamburi (b)

Non-executive Director

Board of Statutory Auditors

Fabrizio Fagnola

Chairman

Federica Menichetti

Statutory auditor

Alessandra Tronconi

Statutory auditor

Independent Auditors

EY S.p.A.

(a)Member of the Audit and Risks Committee

(b)Member of the Remuneration Committee and Appointments Committee

(c)Member of the Related Party Transactions Committee

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Interpump Group S.p.A. published this content on 02 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2019 10:22:09 UTC