DOCSLIB.ORG

Interim Financial Report 30 JUNE 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Interim Financial Report 30 JUNE 2020 (Translation from the Italian original which remains the definitive version) Interim Financial Report 30 JUNE 2020 (Translation from the Italian original which remains the definitive version) Romania ● Railway Line Frontieră-Curtici-Simeria section (Lot 2A, Arad-Barzava-Ilteu section) i (Translation from the Italian original which remains the definitive version) General Index Interim Financial Report ______________________________________________________ 1 Condensed interim consolidated financial statements and notes thereto _______________ 79 Management Certification ___________________________________________________ 145 ii (Translation from the Italian original which remains the definitive version) Italy ● Line C of the Rome Metro, Piazza Venezia station 1 (Translation from the Italian original which remains the definitive version) Interim Financial Report 1 (Translation from the Italian original which remains the definitive version) Poland ● Lodz–Fabryczna Railway Station 2 (Translation from the Italian original which remains the definitive version) Contents Company bodies __________________________________________________________________ 4 Highlights _______________________________________________________________________ 7 Group profile _____________________________________________________________________ 8 Key events of the period ___________________________________________________________ 12 Covid–19 _______________________________________________________________________ 13 Composition with creditors on a going concern basis procedure as per article 186–bis of the Bankruptcy Law _________________________________________________________________ 17 Performance ____________________________________________________________________ 24 Disclosure required by article 114 of Legislative decree no. 58/98 (the Consolidated Finance Act) _ 32 Order backlog ___________________________________________________________________ 33 Construction ____________________________________________________________________ 36 Operation and Maintenance ________________________________________________________ 50 Concessions ___________________________________________________________________ 52 Risk management ________________________________________________________________ 55 Main risks and uncertainties ________________________________________________________ 58 Alternative performance indicators ___________________________________________________ 73 Events after the reporting period ____________________________________________________ 75 Outlook ________________________________________________________________________ 77 Other information ________________________________________________________________ 78 3 (Translation from the Italian original which remains the definitive version) Company bodies Board of directors1 Paolo Astaldi,2 Chairman Alessandro De Rosa3, Deputy chairman Filippo Stinellis4, Chief executive officer Andrea Gemma5, Director Flavia Insom5, Director Maria Raffaella Leone5, Director Nicoletta Mincato5, Director Teresa Naddeo5, Director Michele Valensise, Director Chief restructuring officer Paolo Amato6, Chief restructuring officer ___________________________ 1 Appointed by the shareholders in their ordinary meeting of 31 July 2020, in office until their meeting held to approve the 2022 financial statements. 2 Confirmed as chairman by the board of directors on 31 July 2020. Executive director. 3 Appointed as deputy chairman by the board of directors on 31 July 2020. 4 Confirmed as chief executive officer by the board of directors on 31 July 2020. Executive director. 5 Independent as per article 148 of the Consolidated Finance Act and article 3 of the Code of Conduct. 6 Appointed as chief restructuring office (CRO) by the board of directors on 31 May 2019 to supervise the general implementation of the composition with creditors plan (the “plan”), also to comply with the terms of the binding offer presented by Webuild S.p.A. (“WeBuild”). As of that date, the CRO has attended all the meetings of the board of directors and board committees. The board of directors continues to have independent decision-making powers in compliance with the applicable laws and regulations, as well as the composition with creditors plan and proposal. More information about the composition with creditors plan and proposal as well as Webuild’s binding offer, and in general about Astaldi’s composition with creditors procedure, is provided in the 2019 Annual Report available in the Investor Relations - Financial Reports section of the parent’s website www.astaldi.com. 4 (Translation from the Italian original which remains the definitive version) Control and risks committee7 Nicoletta Mincato, Chairwoman Alessandro De Rosa Teresa Naddeo Appointments and remuneration committee Teresa Naddeo, Chairwoman Nicoletta Mincato Alessandro De Rosa Related parties committee Andrea Gemma, Chairman Maria Raffaella Leone Flavia Insom Board of statutory auditors8 Giovanni Fiori, Chairman Anna Rosa Adiutori, Standing statutory auditor Lelio Fornabaio, Standing statutory auditor Giulia De Martino, Alternate statutory auditor Francesco Follina, Alternate statutory auditor Gregorio Antonio Greco, Alternate statutory auditor Independent auditors The parent has engaged KPMG S.p.A. on a voluntary basis to review the condensed interim consolidated financial statements at 30 June 2020. The engagement for the statutory audit of the parent’s separate and consolidated financial statements for the years ending 31 December 2020 to 2028 (included) and the consolidated non-financial statement and separate ___________________________ 7 Appointed by the board of directors on 31 July 2020. 8 Appointed by the shareholders in their ordinary meeting of 27 April 2018, in office until the meeting held to approve the 2020 financial statements. 5 (Translation from the Italian original which remains the definitive version) unit (as defined later) has been assigned to PricewaterhouseCoopers S.p.A. by the shareholders in their meeting of 31 July 2020. General management Paolo Citterio9, general manager - administration and finance and manager in charge of financial reporting Cesare Bernardini, general manager of Europe, Asia and Africa and Brenner (Italy) Francesco Maria Rotundi, general manager of Italy, the Americas, Algeria, Morocco and Tunisia Filippo Stinellis10, general manager of Turkey Proxy for the separate unit Claudio Sforza11, proxy for the management and winding up of the separate unit ___________________________ 9 Confirmed as manager in charge of financial reporting as well as general manager by the board of directors on 31 July 2020. 10 Appointed as general manager of Turkey by the board of directors on 27 July 2020. 11 In accordance with the terms of the composition with creditors proposal, on 24 May 2020, the parent’s board of directors gave Claudio Sforza a special mandate to manage and wind up the separate unit on behalf of the unsecured creditors holding participating financial instruments (as defined later). The mandate is effective from the date of publication of the authorisation of Astaldi’s composition with creditors procedure (17 July 2020). More information about this is provided later in this report. 6 (Translation from the Italian original which remains the definitive version) Highlights Table 1 – Key statement of profit or loss figures Of which Of which core assets effects related scope to the (management view)* composition H1 with creditors 2020 procedure (management (C) = (A-B) Astaldi Group view)* (€m) (A) (B) Total revenue 656.8 7.9 648.9 Adjusted gross operating profit ** 78.6 54.4 24.2 % 12.0% 8.4% Gross operating profit 66.3 42.1 24.2 % 10.1% 6.5% Adjusted operating profit ** 17.0 15.7 1.3 % 2.6% 2.4% Operating profit 4.7 3.4 1.3 % 0.7% 0.5% * The figures in column B (“Of which effects related to the composition with creditors procedure - management view”), not reviewed by the independent auditor, show (i) the effects on profit or loss directly related to the assets and liabilities that will be transferred to the separate unit, (ii) the income and expense arising from the composition with creditors procedures commenced by certain group companies, as well as (iii) the fees of the group’s advisors, engaged to assist with the composition with creditors procedure, including court costs. The figures in column C (“Of which core assets scope - management view), also unreviewed, show the difference between the figures in column A and column B, as defined above. ** The adjusted gross operating profit and the adjusted operating profit for the first half of 2020 were calculated by excluding the composition with creditors procedure costs from the gross operating profit and operating profit, respectively. These costs amounted to €12.3 million for the first half of 2020. Table 2 – Key statements of financial position and cash flows figures (€m) 30/06/2020 31/12/2019 Net invested capital 794.2 729.2 Deficit (1,574.6) (1,540.1) Total net financial debt (2,368.7) (2,301.6) Note: Net financial debt and the deficit at 30 June 2020 do not reflect the effect of the discharging of the group’s debts, as the authorisation of the Astaldi composition with creditors procedure was published on 17 July 2020. 7 (Translation from the Italian original which remains the definitive version) Group profile The Astaldi Group (the “group”) is an international market player and one of the major general contractors in Italy. It has a large share of the European and global construction market. Listed
Load more

Recommended publications
  • The Rough Guide to Naples & the Amalfi Coast
    HEK=> =K?:;I J>;HEK=>=K?:;je CVeaZh i]Z6bVaÒ8dVhi D7FB;IJ>;7C7B<?9E7IJ 7ZcZkZcid BdcYgV\dcZ 8{ejV HVc<^dg\^d 8VhZgiV HVciÉ6\ViV YZaHVcc^d YZ^<di^ HVciVBVg^V 8{ejVKiZgZ 8VhiZaKdaijgcd 8VhVaY^ Eg^cX^eZ 6g^Zcod / AV\dY^EVig^V BVg^\a^Vcd 6kZaa^cd 9WfeZ_Y^_de CdaV 8jbV CVeaZh AV\dY^;jhVgd Edoojda^ BiKZhjk^jh BZgXVidHVcHZkZg^cd EgX^YV :gXdaVcd Fecf[__ >hX]^V EdbeZ^ >hX]^V IdggZ6ccjco^ViV 8VhiZaaVbbVgZY^HiVW^V 7Vnd[CVeaZh GVkZaad HdggZcid Edh^iVcd HVaZgcd 6bVa[^ 8{eg^ <ja[d[HVaZgcd 6cVX{eg^ 8{eg^ CVeaZh I]Z8Vbe^;aZ\gZ^ Hdji]d[CVeaZh I]Z6bVa[^8dVhi I]Z^haVcYh LN Cdgi]d[CVeaZh FW[ijkc About this book Rough Guides are designed to be good to read and easy to use. The book is divided into the following sections, and you should be able to find whatever you need in one of them. The introductory colour section is designed to give you a feel for Naples and the Amalfi Coast, suggesting when to go and what not to miss, and includes a full list of contents. Then comes basics, for pre-departure information and other practicalities. The guide chapters cover the region in depth, each starting with a highlights panel, introduction and a map to help you plan your route. Contexts fills you in on history, books and film while individual colour sections introduce Neapolitan cuisine and performance. Language gives you an extensive menu reader and enough Italian to get by. 9 781843 537144 ISBN 978-1-84353-714-4 The book concludes with all the small print, including details of how to send in updates and corrections, and a comprehensive index.
    [Show full text]
  • Breakthrough Ceremony for Monte Olibano Tunnel on the Cumana Railway Line
    BREAKTHROUGH CEREMONY FOR MONTE OLIBANO TUNNEL ON THE CUMANA RAILWAY LINE The tunnel, built by Astaldi Group, allows for the upgrading and expansion of a strategic transport infrastructure for the metropolitan area of Naples and for the whole Phlegrean catchment area Naples, 2 July 2020 – The breakthrough ceremony for Monte Olibano tunnel, which forms part of the project to upgrade and expand the Cumana Railway, was held this morning in Naples and was attended by Vincenzo De Luca , President of Campania Region , Vincenzo Figliolia , Mayor of Pozzuoli , Umberto De Gregorio, Chairman of EAV , as well as Paolo Astaldi , Chairman of Astaldi Group , and Filippo Stinellis , CEO of Astaldi Group. The new tunnel forms part of the project to double the Cumana Railway line along a section measuring approximately 5 km and includes, inter alia, works to adjust the route of the old single-track Monte Olibano tunnel, construction of new stations in Pozzuoli and Cantieri, updating of Gerolomini station and works to double the railway track for the Dazio- Cantieri section. Performance of these works will make it possible to finally complete doubling of the railway line, allowing for an underground-style transport service on the complete Cumana line, with a high frequency of trains and high safety standards. Completion of the planned upgrading and expansion of the railway is scheduled for June 2023. The network, which comprises the Cumana and Circumflegrea lines and 33 stations, serves the whole of the western part of the Naples metropolitan area and the Phlegrean catchment area, a highly-populated area that is set to expand even further as a result of the constant growth of housing and tourism.
    [Show full text]
  • Two Desalination Contracts in Oman for Combined $330M One Plant to Be Bigge
    PRESS RELEASE NEW WEBUILD WIN IN PLANT CONSTRUCTION: TWO DESALINATION CONTRACTS IN OMAN FOR COMBINED $330M ONE PLANT TO BE BIGGEST IN OMAN AS SULTANATE SEEKS SUSTAINABLE DEVELOPMENT MILAN, November 20, 2020 – Fisia Italimpianti, a unit of the Webuild Group, has won two engineering, procurement and construction (EPC) contracts worth a combined total of about $330 million for two desalination plants in Oman. Located on the coast in the Gulf of Oman north of Muscat, the plants will serve residents living near the capital. The contracts, commissioned by the Oman Power and Water Procurement Company (OPWP), will have Fisia Italimpianti and its joint-venture partner GS Inima Environment build plants that use the reverse osmosis process to desalinate water from the sea. The first, Ghubrah 3 IWP, will have a production capacity of 300,000 cubic metres of water a day, while the second, Barka 5 IWP, will produce 100,000 cubic metres a day. Both projects are expected to take three years to complete, with Ghubrah becoming the biggest in the sultanate. Fisia Italimpianti has a 50% stake in both joint-ventures. The Barka 5 and Ghubrah 3 plants will increase the Group’s presence in Oman as it helps the sultanate reach its goals of sustainable development, confronting the challenge of water scarcity posed by a desert climate. Fisia Italimpianti entered Oman in 2017 with the Salalah project, a desalination plant that also uses the reverse osmosis process to produce 113,500 cubic metres a day of potable water for the city of the same name on the southwestern coast.
    [Show full text]
  • Sold the Third Bosphorous Bridge in Turkey
    ASTALDI: SOLD THE THIRD BOSPHOROUS BRIDGE IN TURKEY Rome, 19 March 2020 – Astaldi S.p.A. (“Astaldi” or the “Company”) informs that it has signed the closing on the sale of its interest in the concession for the construction and operation of the Northern Marmara Highway (the “Third Bridge”) in Turkey to IC Ictas Sanayi ve Ticaret A.S. (“Ictas”). The agreement signed with Ictas – already evaluated by the Court of Rome as offering the best protection of creditors within the composition procedure that Astaldi is currently carrying out – includes terms and conditions that are consistent with the composition proposal filed by the Company, and to wit: (i) the transfer to Ictas of the whole interest held by Astaldi in the Concessionaire of the Third Bridge (the “Concessionaire”) and of the relevant receivables, at a price of USD 315 million. This purchase price shall be paid net of a) the offsetting items with Ictas as per point (ii), b) the repayment of the other Turkish creditors (by virtue of the non-recognition of the composition arrangement in Turkey) for an amount of approximately EUR 142 million, in accordance with the arrangements provided for in the Composition Plan, as well as c) the relevant transaction cost; (ii) the waiving of any Ictas’ claim against Astaldi in relation to the projects in partnership, as a result of the getting out of said projects (both in Turkey and Russia); (iii) the purchase price, net of the items as per point (i) shall be paid in a single payment on receipt of the payment of the sale price by Ictas that the same is negotiating with a consortium of Chinese entrepreneurs (the “Chinese Consortium”) for selling the majority share of the capital of the same Concessionaire, or, in the absence of an agreement between Ictas and the Chinese Consortium, in annual instalments, in addition to the accrued interest, by the fourth quarter 2023.
    [Show full text]
  • Interim Financial Report at 30 June 2017 Astaldi Group
    Translation under review from the Italian original, that remains the definitive version Interim Financial Report at 30 June 2017 Astaldi Group 0 Translation under review from the Italian original, that remains the definitive version ASTALDI Società per Azioni Registered Office/Head Office: Via Giulio Vincenzo Bona 65 - 00156 Rome (Italy) Registered with the Companies Register of Rome Tax Code no.: 00398970582 R.E.A. no. 152353 VAT no. 0080281001 Share capital: EUR 196,849,800.00 fully paid-in 1 Interim Financial Report at 30 June 2017 | Astaldi Group Translation under review from the Italian original, that remains the definitive version Interim Report at 30 June 2017 _______________________________________________________________________________________ _ 4 _ GENERAL INFORMATION _ 7 _ INTERIM REPORT ON OPERATIONS _ 57 _ CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS MANAGEMENT CERTIFICATION MISSION Astaldi Group’s mission is to contribute to developing and improving the quality of life in the countries where it operates. It does so by adopting its own style, which sees design, construction and operation of major infrastructures go hand in hand with integration with the territory and training of the people involved. Astaldi translates ideas into reality, meeting the needs of its own customers and opening new paths to progress by constructing state-of-the-art works able to combine functionality and aesthetic beauty. Astaldi Group is representative of Italy as regards infrastructures worldwide. It has long exported technology, know-how and innovative solutions, establishing a real partnership with customers. Astaldi contributes to the affirmation of Italy’s excellence the world over, cultivating talent and optimising brilliance. 2 Interim Financial Report at 30 June 2017 | Astaldi Group Translation under review from the Italian original, that remains the definitive version ELT (Extremely Large Telescope), Chile (The world’s largest optical telescope) First Stone Ceremony for ELT | 26 May 2017.
    [Show full text]
  • Research Article the Impact of Urban Transit Systems on Property Values: a Model and Some Evidences from the City of Naples
    Hindawi Journal of Advanced Transportation Volume 2018, Article ID 1767149, 22 pages https://doi.org/10.1155/2018/1767149 Research Article The Impact of Urban Transit Systems on Property Values: A Model and Some Evidences from the City of Naples Mariano Gallo Dipartimento di Ingegneria, Universita` del Sannio, Piazza Roma 21, 82100 Benevento, Italy Correspondence should be addressed to Mariano Gallo; [email protected] Received 9 October 2017; Revised 30 January 2018; Accepted 21 February 2018; Published 5 April 2018 Academic Editor: David F. Llorca Copyright © 2018 Mariano Gallo. Tis is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. A hedonic model for estimating the efects of transit systems on real estate values is specifed and calibrated for the city of Naples. Te model is used to estimate the external benefts concerning property values which may be attributed to the Naples metro at the present time and in two future scenarios. Te results show that only high-frequency metro lines have appreciable efects on real estate values, while low-frequency metro lines and bus lines produce no signifcant impacts. Our results show that the impacts on real estate values of the metro system in Naples are signifcant, with corresponding external benefts estimated at about 7.2 billion euros or about 8.5% of the total value of real estate assets. 1. Introduction lower environmental impacts produced by less use of private cars, investments in transit systems, especially in railways Urban transit systems play a fundamental role for the social and metros, may generate an appreciable increase in property and economic development of large urban areas, as well as values in the zones served; this beneft should be explicitly signifcantly afecting the quality of life in such areas.
    [Show full text]
  • PRESS RELEASE WEBUILD (SALINI IMPREGILO) to WORK on €220M CONTRACT for TURIN-LYON HIGH-SPEED RAILWAY BASE TUNNEL MILAN, July 1
    PRESS RELEASE WEBUILD (SALINI IMPREGILO) TO WORK ON €220M CONTRACT FOR TURIN-LYON HIGH-SPEED RAILWAY BASE TUNNEL MILAN, July 10, 2020 – Webuild, formerly Salini Impregilo, and its partners have won a €220-million contract to help develop the base tunnel between Turin and Lyon, a major infrastructure project that is part of an ambitious European Union initiative of sustainable mobility to connect the continent’s railway networks and increase the transport of people and goods on rail rather than road. The Lot 5A contract, commissioned by Tunnel Euralpin Lyon Turin (TELT), is the latest acknowledgement of Webuild’s global leadership in tunnelling and the construction of major high-speed railways that contribute to the sustainable development of transport links across regions. Webuild will develop the project with joint- venture partners Vinci Construction Grands Projets, Dodin Campenon Bernard, VINCI Construction France and Bergteamet. Webuild has a 33% stake. Located at the center of the planned 57.5-kilometre base tunnel between the train stations of Susa in Italy and Saint-Jean-de-Maurienne in France, the contract consists of preparatory works for the future safety site at Modane. The excavations will create a logistics hub 500 metres below ground ahead of the drilling of 18 kilometres of tunnel under the Ambin Massif in the direction of Italy. It comprises the excavation of four shafts each 500 metres deep at Avrieux, using the raise-boring method for safety, speed and cost. The contract also entails the excavation by the conventional method with the use of explosives of tunnels, chambers and seven caverns - measuring up to 22 metres in height and 23 metres in width - at the base of the existing decline at Villarodin Bourget Modane.
    [Show full text]
  • Exports: the Heart of Nep
    How to Export to 2018 Turkey This report includes all the information related to trade basics and detailed data regarding export from Brazil to Turkey. This report is for information purposes only and Tumer Eng. will not be liable to any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data, or other intangible losses. Ver:1.0 2018 1 Contents 1 Why Turkey.................................................................................................................................... 12 1.1 General Information .............................................................................................................. 12 1.2 Geography ............................................................................................................................. 13 1.2.1 Distances ....................................................................................................................... 18 1.2.2 Climate of Turkey .......................................................................................................... 19 1.2.2.1 Air temperature changes until now .......................................................................... 20 1.2.2.2 Precipitation changes until now ................................................................................ 21 1.2.2.3 Air temperature changes in the 21st century ........................................................... 21 1.2.2.4 Precipitation changes in the 21st century ................................................................
    [Show full text]
  • 2019 Annual Report Annual 2019
    a force for good. 2019 ANNUAL REPORT ANNUAL 2019 1, cours Ferdinand de Lesseps 92851 Rueil Malmaison Cedex – France Tel.: +33 1 47 16 35 00 Fax: +33 1 47 51 91 02 www.vinci.com VINCI.Group 2019 ANNUAL REPORT VINCI @VINCI CONTENTS 1 P r o l e 2 Album 10 Interview with the Chairman and CEO 12 Corporate governance 14 Direction and strategy 18 Stock market and shareholder base 22 Sustainable development 32 CONCESSIONS 34 VINCI Autoroutes 48 VINCI Airports 62 Other concessions 64 – VINCI Highways 68 – VINCI Railways 70 – VINCI Stadium 72 CONTRACTING 74 VINCI Energies 88 Eurovia 102 VINCI Construction 118 VINCI Immobilier 121 GENERAL & FINANCIAL ELEMENTS 122 Report of the Board of Directors 270 Report of the Lead Director and the Vice-Chairman of the Board of Directors 272 Consolidated nancial statements This universal registration document was filed on 2 March 2020 with the Autorité des Marchés Financiers (AMF, the French securities regulator), as competent authority 349 Parent company nancial statements under Regulation (EU) 2017/1129, without prior approval pursuant to Article 9 of the 367 Special report of the Statutory Auditors on said regulation. The universal registration document may be used for the purposes of an offer to the regulated agreements public of securities or the admission of securities to trading on a regulated market if accompanied by a prospectus or securities note as well as a summary of all 368 Persons responsible for the universal registration document amendments, if any, made to the universal registration document. The set of documents thus formed is approved by the AMF in accordance with Regulation (EU) 2017/1129.
    [Show full text]
  • Albo-AEC-PIETRANGELI-18-02-2019
    Associazione Europea Ferrovieri – Italia ALBO DELLE ASSOCIAZIONI FERROVIARIE E CULTURALI DELL’AREA DELLE FERROVIE TURISTICHE a cura di: Mario Pietrangeli Con il patrocinio di: _____________________________________________________________________________ Pubblicazione prodotta sotto l’egida della: Edizione: febbraio 2019 2 PREFAZIONE Il 16 settembre 2017 si costituisce a Pesaro – nell’ambito delle iniziative degli Stati Generali della Mobilità Nuova - l’Alleanza per la Mobilità Dolce. Essa nasce dal desiderio delle più importanti Associazioni Nazionali, impegnate sul tema, di collaborare per promuovere e far crescere la mobilità dolce, attraverso una serie di azioni e attività da sviluppare congiuntamente. La rete sul territorio per la mobilita dolce promuove il piacere del viaggio a bassa velocità e la mobilità attiva, integrando percorsi ciclabili, reti di cammini, ferrovie turistiche, linee ferroviarie locali, riutilizzando e qualificando il patrimonio esistente, in una visione integrata con il trasporto collettivo: una rete dolce, semplice da utilizzare da parte di tutti. Obiettivo principale è la promozione, di una Rete Nazionale (nel futuro si pensa di estendere tale promozione anche a livello Europeo) di Mobilità Dolce e Sostenibile (Integrata con le realtà Turistiche, Artistiche, Gastronomiche delle Località e dei Piccoli Borghi Attraversati) che abbia come requisiti fondamentali: il recupero delle infrastrutture territoriali dismesse (ferrovie, infrastrutture ferroviarie, funivie, canali e vie fluviali, strade arginali, percorsi
    [Show full text]
  • Humane Society Return
    OMB No. 1545-0047 Form 990 Return of Organization Exempt From Income Tax 2018 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) Open to Public Department of the Treasury G Do not enter social security numbers on this form as it may be made public. Internal Revenue Service G Go to www.irs.gov/Form990 for instructions and the latest information. Inspection A For the 2018 calendar year, or tax year beginning , 2018, and ending , B Check if applicable: C D Employer identification number Address change Humane Society of Collier County, Inc. 59-1033966 Name change 370 Airport-Pulling Road N. E Telephone number Initial return Naples, FL 34104 239-643-1880 Final return/terminated Amended return G Gross receipts $ 5,122,242. Is this a group return for subordinates? Application pending F Name and address of principal officer: Sarah Baeckler Davis H(a) Yes X No H(b) Are all subordinates included? Yes No Same As C Above If "No," attach a list. (see instructions) I Tax-exempt status: X 501(c)(3) 501(c) ()H (insert no.) 4947(a)(1) or 527 J Website: G hsnaples.org H(c) Group exemption number G K Form of organization: X Corporation Trust Association OtherG L Year of formation: 1960 M State of legal domicile: FL Part I Summary 1 Briefly describe the organization's mission or most significant activities:To provide shelter and adoption services for pets while promoting responsible pet ownership. 2 Check this box G if the organization discontinued its operations or disposed of more than 25% of its net assets.
    [Show full text]
  • A Wide Area Road User Fee Financing System for Russian Federal Highways
    Pages 107 - 113 A WIDE AREA ROAD USER FEE FINANCING SYSTEM FOR RUSSIAN FEDERAL HIGHWAYS Daniel F. Malick US FHWA representative to Russia, Moscow Note: the opinions expressed in this paper are solely those of the author and are not intended to reflect US FHWA policy within the United States ABSTRACT The US Federal Highway Administration has maintained an office in Moscow since 1994, assisting the Russian Federal Highway Service in their transition from soviet to democratic/free market institutions in the highway sector. One such effort has been to work with the Russians in evaluating a variety of road financing options that advance their development of a national road system while encouraging the transfer of some of the world’s newest technologies. One such option is a fully private sector developed and operated system for monitoring the road usage of heavy commercial vehicles. INTRODUCTION In the conference materials prepared by the US Trade Development Agency for the USTDA CONFERENCE ON HIGHWAY MARKET DEVELOPMENT IN NEW INDEPENDENT STATES; ST. PETERSBURG, RUSSIA; September 17-19, 1996, the following statement on US Strengths was made on page 8: “The U.S. is also a world leader in intelligent transportation systems (ITS). Since the enactment of the Intermodal Surface Transportation Efficiency Act (ISTEA) in December 1991, federal funding for research, development, testing, and deployment rapidly increased from about $2 million in 1989 to well over $200 million annually during the last five years. Substantial federal funding for ITS programs allowed the U.S. to regain its technology leadership in such areas as electronic toll collection systems, commercial vehicle fleet management, adaptive traffic signal controls, traveler and driver information systems, automated roadside safety inspection equipment, route guidance systems, remote incident detection and management systems, and automated highway design.
    [Show full text]