HALF-YEARLY FINANCIAL REPORT
A s c o p i a v e G r o u p
Index | |
GENERAL INFORMATION | 5 |
Corporate bodies and information | 5 |
MANAGEMENT REPORT | 8 |
Foreword | 8 |
The structure of the Ascopiave Group | 10 |
Gas distribution | 11 |
The legal framework | 12 |
Natural gas distribution sector | 12 |
Renewable energy production sector | 13 |
Ascopiave S.p.A. share price performance on the stock exchange | 15 |
Control of the company | 16 |
Corporate Governance and Code of Ethics | 17 |
Other important facts | 23 |
Natural gas distribution | 23 |
Efficiency and energy-saving obligations | 24 |
Efficiency and energy saving | 25 |
Stipulation of a proposed convention with the municipalities for the adoption of a | |
shared procedure aimed at the agreed quantification of the "Industrial Residual Value" | |
of the networks | 25 |
Litigation | 27 |
Relations with the Internal Revenue Service | 31 |
Territorial areas | 32 |
Dividend distribution | 35 |
Own shares | 35 |
Foreseeable development of operations | 35 |
Inflationary trends and interest rates | 36 |
Group objectives and policies and description of risks | 37 |
Research and Development | 41 |
Information systems | 41 |
Human Resources | 42 |
Other information | 43 |
Seasonal characteristic of the activity | 43 |
List of company locations | 44 |
Commentary on the economic and financial results for the first half of the financial
year 2023 | 44 |
Performance Indicators | 44 |
Operating Performance - Key Operational Indicators | 45 |
Operating Performance - The Group's Economic Results | 46 |
Operating Performance - The Financial Situation | 49 |
Operating Performance - Investments | 52 |
Condensed Consolidated Financial Statements | 53 |
Consolidated Statement of Financial Position | 54 |
Consolidated Statement of Comprehensive Income | 55 |
Statements of Changes in Consolidated Shareholders' Equity | 56 |
Consolidated Cash Flow Statement | 57 |
EXPLANATORY NOTES | 58 |
Corporate information | 58 |
General preparation benchmarks and expression of compliance with IFRS | 58 |
Budget Schemes | 59 |
Evaluation Benchmarks | 59 |
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Ascopiave Group - Half-yearly financial report 2023 |3
Business Combinations | 59 |
Consolidation Area and Benchmarks | 60 |
Summaries of companies consolidated on a line-by-line basis | 63 |
NOTES TO THE ITEMS IN THE CONSOLIDATED BALANCE SHEET | 64 |
Non-current assets | 64 |
Current Assets | 71 |
Consolidated shareholders' equity | 75 |
Non-current liabilities | 76 |
Current liabilities | 81 |
NOTES TO THE MAIN ITEMS OF THE CONSOLIDATED INCOME STATEMENT | 85 |
Revenues | 86 |
Financial income and expenses | 91 |
Taxes | 92 |
Net result from assets held for sale | 93 |
Non-recurring components | 93 |
Transactions resulting from atypical and/or unusual operations | 93 |
Economic, equity and financial performance of companies held for sale | 94 |
The economic results of companies held for sale | 94 |
Business Combinations | 96 |
Commitments and risks | 98 |
Risk factors and uncertainty | 99 |
Capital Management | 100 |
Representation of financial assets and liabilities by category | 102 |
Transactions with related parties | 103 |
Financial statements presented in accordance with Consob Resolution 15519/2006 | |
.................................................................................................... | 105 |
Consolidated Statement of Financial Position | 105 |
Consolidated Statement of Comprehensive Income | 106 |
Consolidated Cash Flow Statement | 107 |
Consolidated net financial debt | 108 |
Significant events following the end of the first half of the financial year 2023 . 109 | |
Group objectives and policies | 109 |
Attachments:
- Declaration of the Manager in Charge - Attestation to the Consolidated Financial Statements pursuant to Article 81- ter of Consob Regulation No. 11971;
- Independent auditors' report on the limited audit of the condensed half-yearly financial statements as at 30 June 2023.
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Ascopiave Group - Half-yearly financial report 2023 |4
GENERAL INFORMATION
Corporate bodies and information
Board of Directors and Board of Auditors
Name | Office | Duration of office | From | To |
Cecconato Nicola | Chairman of the Board of Directiors | 2020-2022 | 29/05/2020 | 18/04/2023 |
and CEO | ||||
Pietrobon Greta | Indipendet Director | 2020-2022 | 29/05/2020 | 18/04/2023 |
Quarello Enrico | Directors | 2020-2022 | 29/05/2020 | 18/04/2023 |
Bet Roberto | Directors | 2020-2022 | 29/05/2020 | 18/04/2023 |
Geronazzo Marachiara | Indipendet Director | 2020-2022 | 29/05/2020 | 18/04/2023 |
Vecchiato Luisa | Indipendet Director | 2020-2022 | 29/05/2020 | 18/04/2023 |
Novello Cristian | Indipendet Director | 2020-2022 | 29/05/2020 | 18/04/2023 |
Cecconato Nicola | Chairman of the Board of Directiors | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
and CEO* | ||||
Pietrobon Greta | Directors | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
Quarello Enrico | Directors | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
Novello Cristian | Directors | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
M onti Federica | Indipendet Director | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
Vecchiato Luisa | Indipendet Director | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
Zoppas Giovanni | Indipendet Director | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
On 18 April 2023, the Ordinary Shareholders' Meeting appointed the new Board of Directors.
Name | Office | Duration of office | From | To |
Salvaggio Giovanni | President of the Board of Auditors | 2020-2022 | 29/05/2020 | 18/04/2023 |
M oro Barbara | Statutory Auditor | 2020-2022 | 29/05/2020 | 18/04/2023 |
Biancolin Luca | Statutory Auditor | 2020-2022 | 29/05/2020 | 18/04/2023 |
Salvaggio Giovanni | President of the Board of Auditors | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
M oro Barbara | Statutory Auditor | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
Biancolin Luca | Statutory Auditor | 2023-2025 | 18/04/2023 | Approval of budget 2025 |
On 18 April 2023, the Ordinary Shareholders' Meeting appointed the new Board of Statutory Auditors.
Internal committees
In-Company Control Committee | From | To |
Novello Cristian | 08/06/2020 | Approval of budget 2022 |
Bet Roberto | 08/06/2020 | Approval of budget 2022 |
Geronazzo Marachiara | 08/06/2020 | Approval of budget 2022 |
Novello Cristian | 11/05/2023 | Approval of budget 2025 |
M onti Federica | 11/05/2023 | Approval of budget 2025 |
Vecchiato Luisa | 11/05/2023 | Approval of budget 2025 |
In-Company | From | To |
Control Committee | ||
Pietrobon Greta | 08/06/2020 | Approval of budget 2022 |
Quarello Enrico | 08/06/2020 | Approval of budget 2022 |
Vecchiato Luisa | 08/06/2020 | Approval of budget 2022 |
Vecchiato Luisa | 11/05/2023 | Approval of budget 2025 |
Novello Cristian | 11/05/2023 | Approval of budget 2025 |
Pietrobon Greta | 11/05/2023 | Approval of budget 2025 |
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Ascopiave Group - Half-yearly financial report 2023 |5
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ASCOPIAVE S.p.A. published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2023 06:29:01 UTC.