So it flexibility usually allow renegotiation to your re financial support of your own loans toward favorable conditions. Cfr Cucinotta, Stand Bocchi Grams. Grams. away from – E-send sent or acquired by the Dr. Ferraris, connection no.

42 560 information about the spot out of financial investments are very different “with respect to the person of one’s recommendations” given that cited below: “So you can auditors, from the equilibrium sheet sets, exchangeability try submitted to be during the”:

Auditors dining table Countless euros % Italy 372 ten

4% Europe 368 10.3% North america * dos,735 76.5% Main The united states 69 step 1.9% South usa 9 0.3% Africa eleven 0.3% China dos 0.1% Australia 7 0.2% Overall step three,573 a hundred% * United states includes the Cayman Try, « We informed Basic &. Poor’s the exchangeability was being kept regarding adopting the regions”

Parfin consolidation website name Bonlat1 % Bonlat Quick assets 951 436 45.8% Securities published in order to working-capital dos,413 dos,127 88.1% Total € 3,364 2,563 76.2% Within Based on advice Parfin sent the brand new CONSOB towards the 21/7/03, new group’s exchangeability (“cash”) at the end of 2002 along with are registered as being focused, except that within Bonlat, about a couple Dutch financial firms (Parmalat Fund Firm BV and you can Parmalat Netherlands BV) once the revealed about following desk:

Parmalat category – Conclusion by the depositary organization of possessions balances away from latest membership from the banks Team in the at the Bonlat Financing Agency 43(5 forty five.8% 645 68.3% Parmalat Finanziaria Spa step three 0.3% 15 1.6% Parmalat Day spa 66 6.9% 68 seven.2% Parmalat Finance Firm BV 191′ 20.1% 117 a dozen.4% Parmalat Netherlands BV 112J 11.8% ten step one.1% PDBI Liquidity Management Hungary 34 step three.6% 0 Parmalat Whole milk & Bakery 18 1.9% 0 Parmalat Restaurants Inc, 0 -,- 23 dos.4% Indulac step 3 0.3% thirteen Vancouver beach hookup step 1.4% Full Within Dominant DEPOSITARIES12 863 ninety.7% 891 94.4% Other companies 88 9.3% 53 5.6% Total Liquidity 951 one hundred.0% 944 a hundred.0% Overall Exchangeability Leaving out BONLAT 515 54.2% 299 30.7% Numbers inside an incredible number of euros Dominant quantity; where 189 on San Paolo-IMI. from which 109 on San Paolo- IMI The brand new CONSOB is actually therefore able to determine you to definitely “a large part of the Parmalat group’s exchangeability try centered during the the Bonlat Capital Enterprise, headquarters on Cayman Try., a part controlled indirectly from the Parmalat Health spa sub-group”eleven. In more outlined fashion, the new “liquidity” of Parmalat category traceable back into Bonlat was recorded just like the becoming delivered hence: twelve Consob – Statement 3082946 regarding ; re: Report to government concerning the you’ll criminal activity – connection nine pp. 14-15; Detail//Summary of brand new depositaries of the group’s exchangeability since the a proportion of your own principal wide variety. 11 Consob – Report 3082285 away from ; re: Parmalat Finanziaria Day spa – Report to bodies out of uncertainty out of criminal activity, p. step 3.

Quick assets released towards Bonlat balance layer from the Current membership within Bank out of The united states 320 Cheques 116 Full € 436

This scale is recommended by the Offer Thornton and you may accepted during integration of your equilibrium sheet (in fact 2,374 – 143 = dos,231 USD where 2,23step one/step 1

Ties posted to help you working capital in Bonlat statement of finance on Ties transferred in the Financial off The united states 819 Epicurum Money 504 Promissory notes 804 Complete € 2,127 The amount of “Bonlat liquidity” at the once the influenced by brand new CONSOB differs from one to revealed on minutes of one’s Panel away from Statutory Auditors with the ten/4/03 as well as in its connection. “Bonlat exchangeability” as previously mentioned in the Board from Legal Auditors minutes, is restricted to “securities at your workplace capital in profile regarding subsidiary Bonlat” and is appreciated during the euro 2,374,373,114. New accessory indicates although not that the currency unit is USD, perhaps not euros. Also, despite which unit away from account can be used, the newest numbers on Board from Statutory Auditors moments aren’t confirmed by the the ones from the brand new CONSOB. In fact, changed into euros, the level of the “securities inside working-capital” could well be equal to 2,264 mil, while in conformity towards the CONSOB it could be dos,127. New communications out-of values is unquestionably detectable for the level of the main city registered regarding Epicurum Financing, particularly 504 mil euros (529/step 1.0487 = 504). About Panel off Statutory Auditors times in reality the fresh reclassification off the fresh promissory cards from working capital to repaired economic possessions inside the the level of USD 143 mil otherwise euro 120 mil is actually ignored. 0487 = 2127).During the ending up in new monetary analysts into 10/4/03 everything on exchangeability appeared to be provided essentially because the an illustration/remarks of one’s rates within the following dining table: 14 Specifically, p. 02 of times from ten/4/03 the fresh Board out of Statutory Auditors Parmalat Finanziaria spa, Ending up in the newest auditing companies Deloitte and you may Offer Thornton: Request information about Notes on group’s liquidity. 15 Document “Re Bonlat Securities”, delivered with the through facsimile of Grant Thornton Health spa by Dr. Verde to help you Dr. Brughera. 16 This new CONSOB – Report 3082285 away from ; re: Parmalat Finanziaria salon-Report to law enforcement from uncertainty away from criminal activity, p.3; p. step three. 17 Investment growth to the euro/USD exchange rate of 1.0487 from such as quotations included in sales out-of harmony sheet sets into the pp. 112-113 of one’s Parmalat Finanziaria Day spa consolidated statement of finance – released variation. 18 Funding increases towards the euro/USD rate of exchange of 1.0487 out of like in quotations included in transformation off harmony sheets into pp. 112-113 of one’s Parmalat Finanziaria Salon consolidated financial statement – released variation 19 The fresh new CONSOB Declaration 3082946 away from , re: Report to the authorities regarding uncertainty out of crime, p.step three – accessory 19, pp. 6-7: Bonlat – Memo. 20 Parmalat Classification, FYE 2002 Results and methods, , Milan – Fall a dozen