Annual Report 2008
Reply Annual Report 2008
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Contents
Thumbnails
Reply Annual Report 2008
Cover
Contents
Board of directors and controlling bodies
Reply - Financial highlights
Letter to the Shareholders
Reply Living Network
The business model
Market focus
Telco & Media
Banking, Insurance and Financial companies
Industry and Services
Energy & Utilities
Public administration
Technology innovation
Web 2.0
Mobile and wireless
Digital television
Service Oriented Architecture
Security
Reply platform & services
Click Reply
Discovery Reply
Gaia Reply
TamTamy
Business Process Outsurcing
Cfo Services
Application Management
Partnership / Research and Development
Microsoft
Oracle
SAP
Development of proprietor platforms
“Scouting, selection & adoption” of new technologies
The value of people
Annual Report 2008
Directors’ report on operations
Main risks and uncertainties to which Reply S.p.A and the Group are exposed
Financial review of the Group
Trend of the period
Reclassified consolidated income statement
Analysis of the financial structure
Net financial position and cash flows statement
Significant operations
Reply on the stock market
The parent company Reply S.p.A.
Reclassified income statement
Financial Structure
Financial position
Reconciliation of equity and profit for the year of the Parent Company
Other information
Corporate Governance
Research and development activities
Human Resources
Security Planning Document
Transactions with related parties and group companies
Treasury shares
Financial instruments
Interest held by Members of the Board of Directors and Controlling Bodies, and Key management (art. 79 of Consob Regulation, Resolution No. 11971 of May 14, 1999)
Events subsequent to December 31, 2008
Outlook on operations
Motion for the approval of the financial statements and allocation of the 2008 net result
Consolidated financial statements as at December 31, 2008
Reply Consolidated income statement
Reply Consolidated balance sheet
Reply Consolidated cash flows statement
Reply Statement of changes in equity
Notes to the consolidated financial statements
General information
Accounting principles and basis of consolidation
Financial risk management
Consolidation
Revenues
Purchases
Personnel
Services and other costs
Amortisation, depreciation and write-downs
Other unusual operating income/(expenses)
Financial income/(expenses)
Income taxes
Assets, liabilities and result of discontinued operations
Earnings per share
Tangible assets
Goodwill
Other intangible assets
Financial assets
Deferred tax assets
Inventories
Trade receivables
Other receivables and current assets
Cash and cash equivalents
Shareholders’ equity
Financial liabilities
Employee benefits
Deferred tax liabilities
Provisions
Trade payables
Other current liabilities
Segment Reporting
Additional disclosures to financial instruments and risk management policies
Transactions with related parties
Emoluments to directors, Statutory Auditor and Key management
Guarantees, commitments and contingent liabilities
Events subsequent to December 31, 2008
Annexed tables
Consolidated Income Statement pursuant to Consob Resolution No. 15519 of July 27, 2006
Consolidated Balance Sheet pursuant to Consob Resolution No. 15519 of July 27, 2006
Companies included in consolidation at 31 december 2008
Information requested by Art. 149-duodecies issued by Consob
Attestation in respect of the Consolidated Financial Statements under Article 154-bis of Legislative Decree 58/98
Statutory auditors’ report on the consolidated financial statements at December 31, 2008
Auditors' Report
Statutory financial statements at December 31, 2008
Reply S.p.A. Income statement
Reply S.p.A. Balance sheet
Reply S.p.A. Cash flows statement
Reply S.p.A. Statement of changes in equity
Explanatory notes to the financial statements
General information
Accounting principles
Financial risk management
Other
Revenues
Other revenues
Purchases
Personnel
Services and other costs
Amortisation, depreciation and write-downs
Other unusual operating income/(expenses)
Result of equity investments
Financial income/(expenses)
Income taxes
Earnings per share
Tangible assets
Goodwill
Other intangible assets
Equity investments
Non current financial assets
Deferred tax assets
Trade receivables
Other receivables and current assets
Current financial assets
Cash and cash equivalents
Shareholders’ equity
Financial liabilities
Employee benefits
Deferred tax liabilities
Trade payables
Other current liabilities
Additional disclosures to financial instruments and risk management policies
Transactions with related parties
Significant non-recurring transactions
Transactions resulting from unusual and/or abnormal operations
Guarantees, commitments and contingent liabilities
Emoluments to directors, Statutory Auditors and Key management
Events subsequent to December 31, 2008
Annexed tables
Income statement pursuant to Consob Resolution no. 15519 of July 27, 2006
Balance Sheet pursuant to Consob Resolution no. 15519 of July 27, 2006
Equity investments in subsidiaries with additional information required by Consob
Detail of Shareholders’ net equity
Information requested by Art. 149-duodecies issued by Consob
Attestation in respect of the Statutory Financial Statements under Article 154-bis of Legislative Decree 58/98
Statutory auditors’ report
Auditors' Report
Corporate Governance
Introduction
Corporate governance system
Ownership information (art. 123-Bis legislative decree 58/1998)
Share capital structure
Restrictions on the transfer of securities
Significant shareholdings
Securities which grant special rights
Employee shareholdings: mechanism for exercising voting rights
Restrictions on voting rights
Agreements between shareholders
Appointment and substitute of directors and amendments to the bylaws
Mandates to increase the share capital and authorisation to buy treasury shares
Change of control clause
Directors’ indemnity in the event of resignation, termination or cessation of employment following a takeover bid
Management and coordination activities
Board of directors
Members
Role of the board of directors
Corporate offices
Independent directors
Lead independent directorr
Use of confidential information
Committees within the board of directors
Remuneration committee
Remuneration of directors
Internal control committee
Internal control system
Executive officer in charge to supervise the functionality of the internal control system
Organisational, management and control model pursuant to legislative decree 231/2001
Independent auditors
Executive officer responsible to draw up the accounting documents
Directors’ interests and transactions with related parties
Appointment of statutory auditors
Statutory auditors
Relations with shareholders
General shareholders’ meetings
Changes from the year end under review
Corporate information
Reply Annual Report 2008 Thumbnails
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