Which autonomy usually permit renegotiation into lso are funding of one’s personal debt towards the beneficial words. Cfr Cucinotta, Remain Bocchi G. G. away from – E-mail delivered otherwise obtained of the Dr. Ferraris, connection zero.
42 560 details about the spot out of assets are very different “depending on the receiver of your guidance” due to the fact quoted less than: “To auditors, about equilibrium sheets, liquidity are registered as being into the”:
Auditors table An incredible number of euros % Italy 372 10
4% Europe 368 ten.3% The united states * dos,735 76.5% Main The usa 69 step 1.9% South america 9 0.3% Africa eleven 0.3% China dos 0.1% Australian continent 7 0.2% Full step 3,573 a hundred% * America includes the latest Cayman Try, “We told Simple &. Poor’s that exchangeability was being stored from the following the nations”
Parfin consolidation domain name Bonlat1 % Bonlat Liquid assets 951 436 forty five.8% Bonds printed to working capital 2,413 2,127 88.1% Total € step 3,364 dos,563 76.2% Within Predicated on advice Parfin sent the new CONSOB into the 21/7/03, the fresh new group’s exchangeability (“cash”) after 2002 and in is actually submitted as being concentrated, apart from at the Bonlat, throughout the a couple of Dutch financial firms (Parmalat Fund Agency BV and you can Parmalat Netherlands BV) because shown in the after the desk:
Parmalat classification – Bottom line by depositary providers of property balances off current membership from the banking companies Providers within in the Bonlat Money Agency 43(5 45.8% 645 68.3% Parmalat Finanziaria Salon step 3 0.3% fifteen 1.6% Parmalat Spa 66 6.9% 68 seven.2% Parmalat Finance Enterprise BV 191′ 20.1% 117 12.4% Parmalat Netherlands BV 112J 11.8% ten 1.1% PDBI Exchangeability Government Hungary 34 3.6% 0 Parmalat Milk products & Bakery 18 step one.9% 0 Parmalat Restaurants Inc, 0 -,- 23 dos.4% Indulac 3 0.3% thirteen step 1.4% Total At Dominating DEPOSITARIES12 863 90.7% 891 94.4% Other companies 88 nine.3% 53 5.6% Full Exchangeability 951 100.0% 944 100.0% Overall Liquidity Excluding BONLAT 515 54.2% 299 31.7% Amounts inside an incredible number of euros Principal quantity; from which 189 during the San Paolo-IMI. at which 109 during the San Paolo- IMI The CONSOB are thus able to influence one “a massive part of the Parmalat group’s liquidity is concentrated during the the new Bonlat Financial support Organization, headquarters on the Cayman Is actually., a subsidiary regulated ultimately through the Parmalat Health spa sub-group”eleven. In more detailed manner, the fresh “liquidity” of your own Parmalat group traceable back once again to Bonlat is filed since are marketed ergo: several Consob – Statement 3082946 regarding ; re: Are accountable to government in regards to the you are able to crime – accessory 9 pp. 14-15; Detail//Summary of the depositaries of your group’s liquidity as the an amount of the dominating quantity. 11 Consob – Statement 3082285 off ; re: Parmalat Finanziaria Day spa – Are accountable to government away from suspicion out of crime, p. 3.
Liquid assets posted towards Bonlat equilibrium piece from the Most recent account from the Bank of America 320 Cheques 116 Overall € 436
Which scale try advised from the Offer Thornton and you can approved throughout the integration of your own balance sheet (as a matter of fact dos,374 – 143 = 2,231 USD from which dos,23step 1/1
Securities published so you’re able to working capital in Bonlat statement of finance at Ties transferred on Bank from The usa 819 Epicurum Fund 504 Promissory notes 804 Overall € 2,127 The degree of “Bonlat exchangeability” from the while the 
dependent on the brand new CONSOB is different from one revealed regarding the minutes of your Board of Legal Auditors into the 10/4/03 along with their attachment. “Bonlat liquidity” as previously mentioned regarding Board of Legal Auditors moments, is limited to help you “ties of working money from inside the profile out of part Bonlat” in fact it is respected at euro 2,374,373,114. The latest connection means yet not your money equipment can be USD, perhaps not euros. In addition, no matter and this tool out of account is employed, brand new rates on Board out-of Statutory Auditors moments are not verified because of the those of new CONSOB. As a matter of fact, changed into euros, the degree of the fresh new “bonds in working-capital” was comparable to dos,264 million, whilst in conformity into CONSOB it could be 2,127. The new communications out of opinions is unquestionably detectable on level of the main city signed up about Epicurum Financing, specifically 504 mil euros (529/step 1.0487 = 504). Regarding the Board of Statutory Auditors times in fact brand new reclassification of new promissory cards away from working capital in order to repaired monetary property inside the level of USD 143 billion or euro 120 million is actually ignored. 0487 = 2127).On ending up in the new financial experts into 10/4/03 everything for the liquidity looked like offered essentially because the a good example/remarks of the numbers part of the after the desk: 14 Specifically, p. 02 of your times out of 10/4/03 the latest Board regarding Legal Auditors Parmalat Finanziaria salon, Meeting with new auditing organizations Deloitte and Give Thornton: Ask for details about Notes on the group’s liquidity. 15 Document “Lso are Bonlat Bonds”, delivered towards thru facsimile out of Grant Thornton Spa of the Dr. Verde so you can Dr. Brughera. sixteen The fresh CONSOB – Report 3082285 regarding ; re: Parmalat Finanziaria health spa-Are accountable to the police out of suspicion of crime, p.3; p. 3. 17 Financial support progress into euro/USD rate of exchange of just one.0487 regarding as in quotations utilized in transformation out of harmony sheet sets for the pp. 112-113 of your Parmalat Finanziaria Health spa consolidated statement of finance – released variation. 18 Capital gains on the euro/USD rate of exchange of just one.0487 of as with quotations used in sales out-of balance sheets to the pp. 112-113 of the Parmalat Finanziaria Day spa consolidated financial statement – published type 19 The brand new CONSOB Statement 3082946 away from , re: Report to the police of uncertainty off crime, p.step three – accessory 19, pp. 6-7: Bonlat – Memo. 20 Parmalat Class, FYE 2002 Abilities and methods, , Milan – Fall twelve
