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2015 Annual Report
(Translation from the Italian original which remains the definitive version) 2015 ANNUAL REPORT CONTENTS 2015 ANNUAL REPORT 1 Chairman’s letter 3 GROUP HIGHLIGHTS 6 Disclaimer 7 Key and glossary 8 The future is founded on history 11 Consolidated highlights 12 DIRECTORS’ REPORT 13 Corporate governance and ownership structure report 14 The group’s performance 29 Transport 37 Infrastructure 42 Real Estate Services 45 Other Services 48 Ferrovie dello Stato Italiane S.p.A.’s performance 52 Macroeconomic context 55 Customers 59 Performance of markets and domestic railway traffic 63 Traffic figures of major European railway companies 67 Safety in railway operations 68 Sustainability 69 Human resources 70 The environment 75 Risk factors 77 Investments 81 Research and development 90 Main events of the year 92 Other information 101 Parent’s treasury shares 113 Related party transactions 114 Events after the reporting date 115 Outlook for the group 116 Proposed allocation of the profit for the year of Ferrovie dello Stato Italiane S.p.A. 118 CONSOLIDATED FINANCIAL STATEMENTS OF FERROVIE DELLO STATO ITALIANE GROUP AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2015 119 Consolidated financial statements 120 Notes to the consolidated financial statements 126 Annexes 210 SEPARATE FINANCIAL STATEMENTS OF FERROVIE DELLO STATO ITALIANE S.P.A. AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2015 221 Financial statements 222 Notes to the separate financial statements 228 Ferrovie dello Stato Italiane group 2 Chairman’s letter Dear Shareholder, 2015 brought a host of new developments for Ferrovie dello Stato Italiane group and its stakeholders. In many ways, it was a year of transition as the Italian macroeconomic context stabilised, public investments in the country’s strategic infrastructure resumed (with a total of €17 billion allocated to FS group for investments in railway transport over the next few years) and the tax burden was cut substantially. -
Mexico City's Foro Sol Shines on in a Rough Year
MEXICO CITY’S FORO SOL SHINES ON IN A ROUGH YEAR n a year in which nearly every- thing changed, one thing that strong for Foro Sol, which enter- spots on the Hot Tickets list for THEIR TURN: Foro Sol’s remained constant was Foro tains big acts and festivals during 2020. Electric Daisy Carnival drew design allows it to host Sol’s hold on the top spot in the months when temperatures in nearly 300,000 people and grossed open-wheel racing. Top Stops rankings for venues Mexico City are comfortable but almost $12.5 million, making it the holding more than 30,000. cold weather prevents most big No. 1 Hot Ticket, and Vive Latno IThe 55,000-capacity stadium in outdoor events in North America had ticket sales of 153,892 and a ing with 1,100,481. Mexico City, operated by Mexican and Europe. gross of $7,747, 979, putting it at Among the big names to play entertainment and media compa- By the time COVID-19 shut- No. 4 on the Hot Tickets list. the venue in 2020, Maroon 5 hit ny Grupo CIE, came in with total downs hit venues around the world The stadium also ruled its the stage Feb. 23 and Billy Joel, ticket sales of 677,591 for the re- in mid-March, Foro Sol had already capacity category for the past two taking a break from ballparks for porting period in this COVID-ab- played host to Electric Daisy years. In 2019, it sold 881,760 a stadium that hosts auto racing, breviated concert season. -
Mediolanum Forum, Opened in 1990 and Is the Main Covered Polyfunctional Venue in the North of Italy
The Forum of Milan, which is today called Mediolanum Forum, opened in 1990 and is the main covered polyfunctional venue in the north of Italy. Along with the PalaLottomatica in Rome, which is also managed by the ForumNet Group, the Mediolanum Forum is the only Italian structure to be included in the prestigious EAA (European Arenas Association), which features the most important European arenas. The building is arranged over three floors and has a total area of 40,000 sqm. Thanks to its modularity and suitability for any type of event, over the years it has become a point of reference for the biggest international events, including concerts with the most famous artists, sporting events of primary importance, shows, conventions, fairs, exhibitions, competitions and television productions as well as smaller events, such as gala dinners and pre or after show activities. The Mediolanum Forum offers various internal spaces with different dimensions and characteristics. These can be used simultaneously or independently, as required by the type of event. As well as the Central Arena, the venue offers the Premium, Gallery and Gold Halls, the Quota Otto spaces and various external spaces. The Arena’s upper tier (Quota Ventuno) hosts the “Sky Belvedere”, a refined environment which directly overlooks the parterre and which can be exclusively reserved for press conferences, meetings and corporate hospitality activities. The Mediolanum Forum has ample dedicated parking facilities and will soon have a dedicated stop on Line 2 of the Milanese Underground. Mediolanum Forum Via G. Di Vittorio, 6 - 20090 Assago (MI) - Tel. +39 02 488571 - Fax +39 02 48844898 - www.forumnet.it The Mediolanum Forum is situated at the junction between the A7 Milan-Genoa motorway and Milan’s Tangenziale Ovest ring road, at the Milanofiori-Assago exit. -
Sap Societa' Archeologica S.R.L
Foto dall'alto sede di Quingentole SAP SOCIETA' ARCHEOLOGICA S.R.L. SEDE LEGALE E OPERATIVA SAN LORENZO DI QUINGENTOLE (MN) Strada Fienili, 39A - Tel 0386 42591 Fax 0386 42591 - [email protected] [email protected] SEDE OPERATIVA ALBAVILLA (CO) Piazza Garibaldi, 2 - Tel e Fax 031 627953 - [email protected] www.archeologica.it SAP Società Archeologica si è costituita a Mantova nel 1994. La società è nata con l’intento di raggruppare professionisti operanti da anni nel settore dei beni culturali, in particolare in campo archeologico; ciascuno dei soci ha al suo attivo almeno trenta anni di esperienze direttive avendo avuto la possibilità di collaborare in modo proficuo con diverse Soprintendenze Archeologiche d’Italia, e con numerosi altri Enti preposti alla ricerca. Inoltre Sap collabora con Musei ed Istituti Universitari (es. Laboratorio archeobiologico dei Civici Musei di Como, Civici Musei di Brescia, Università di Roma La Sapienza, Università di Venezia “Cà Foscari”, Università di Padova, dell’Insubria e di Verona). Tale esperienza ha permesso di consolidare rapporti qualificati con il personale direttivo di Soprintendenze, Musei ed Università ed ha offerto la possibilità di avvalersi di professionisti esterni su progetti specifici. SAP opera su tutto il territorio nazionale con due sedi operative a Quingentole (Mantova) e a Albavilla (Como). Nel corso di venticinque anni la Società ha avuto l’opportunità di eseguire indagini archeologiche di ogni tipo e periodo storico. La SAP, partendo dallo scavo archeologico, è in grado di organizzare e realizzare tutte le fasi successive di elaborazione dei dati, di studio dei reperti, di informatizzazione con le tecnologie più avanzate, fino alla pubblicazione o alla esposizione museale. -
Bollettino Di Spoglio Dei Periodici
Ministero delle Infrastrutture e dei Trasporti Biblioteca Umberto e Bruno Bucci, martiri delle Fosse Ardeatine [email protected] Rassegna di articoli tratti dalle riviste possedute dalla biblioteca aggiornamento: Gennaio 2017 Periodici indicizzati: Urbanistica e Appalti, Strade & Autostrade, Bollettino di Legislazione Tecnica, Appalti e Contratti, I Contratti dello Stato e degli Enti Pubblici, Le Strade, il Nuovo Cantiere. Argomenti: Ambiente e territorio p. 2 Amministrazione pubblica p. 3 Appalti p. 3 Edilizia ed urbanistica p. 6 Giurisprudenza p. 8 Infrastrutture p.11 Trasporti p.13 Unione Europea p.14 a cura di Raffaello Brunetti 1 ARTICO LO NR. ARGOMENTO AUTORE TITOLO RIVISTA AMBIENTE E TERRITORIO Bollettino di Amianto – Interventi di Agevolazioni alle imprese per Legislazione Tecnica, 1 bonifica – Imprese - interventi di bonifica amianto web, n. 11, 2016, pp. Agevolazioni 913-917 Autostrade green – Apostolo, Passante di Mestre con vista Le Strade, n. 1521, 2 Passante di Mestre Fabrizio bosco 2016, pp. 72-76 Barriere di sicurezza – Chiara, Le Strade, n. 1521, 3 Guard - rail lignei – I custodi del legno Stefano 2016, pp. 94-97 Tecnologia Dissesto idrogeologico – Sicurezza - Italia Sicura, il nuovo approccio Il Nuovo Cantiere, n. 4 Progettazione e Mezzi, Pietro contro frane e inondazioni 4, 2016, pp. 80-84 realizzazione – Struttura di missione Materiali ecosostenibili De Deo, M. ; – Pavimentazioni - Del Debbio, Le Strade, n. 1521, 5 Minerali naturali Minerali naturali – Piste G. ; Santoro, 2016, pp. 98-100 ciclopedonali F. Mobilità – Piste ciclabili – Normativa – Tipologie Giavarini, Le Strade, n. 1521, 6 Pista alle bici! costruttive – Sviluppo – Carlo 2016, pp. 88-92 Prospettive Mobilità sostenibile – Strade & Autostrade, Verso le emissioni zero per una 7 Emissioni zero – Green Scotti, Piero n. -
Harry Styles Live on Tour Expands World Tour Dates
HARRY STYLES LIVE ON TOUR EXPANDS WORLD TOUR DATES TO 2018 LOS ANGELES (June 8, 2017) – Due to overwhelming demand, Harry Styles has added 56 new show dates in 2018 to his sold-out world tour. The freshly added dates will begin in MarCh 2018 in Basel, Switzerland and will Conclude in Los Angeles, CA in July. The new dates will be supported by KaCey Musgraves (U.S. and Canada), Warpaint (Asia) and Leon Bridges (South AmeriCa and MexiCo), with speCial guests for Europe and Australia to be announCed soon. The first leg of Harry Styles Live On Tour, whiCh sold out in reCord time, will kiCk off in September 2017 visiting intimate venues around the world and featuring support from MUNA. All tiCkets go on sale on Friday, June 16 via local ticket agents, visit www.hstyles.Co.uk for loCal on sale timings. To ensure fans get tiCkets in their hands direCtly, Fan Registration for the North AmeriCan tour dates is available now here through TiCketmaster’s Verified Fan program, and for Europe here; supplies are limited. Additional fan measures will be made for the International shows on a local level. Harry Styles’ self-titled debut album was released May 12th and soared to the top of the charts around the world. In the U.S. it topped the Billboard 200 album Chart with over 230,000 equivalent album units sold and 193,000 traditional albums sold, making history as the biggest debut sales week for a U.K. male artist’s first full-length album sinCe Nielsen Music began traCking sales in 1991. -
A35 Brebemi – Progetto “Ehighway” RELAZIONE DESCRITTIVA
A35 Brebemi – progetto “eHIGHWAY” STUDIO PILOTA DI ELETTRIFICAZIONE DI UN TRATTO DEL COLLEGAMENTO AUTOSTRADALE A35 Brebemi RELAZIONE DESCRITTIVA PRELIMINARE Milano, 07.08.2018 __________________________________________________________________________________ INDICE 1. PREMESSE ........................................................................................................................................ 3 1.1. Quadro normativo e accordi sul clima .................................................................................... 4 1.1.1. Il Protocollo di Kyoto ....................................................................................................... 4 1.1.2. Accordo di Parigi .............................................................................................................. 4 1.1.3. Legge 4 novembre 2016, n. 204 “Ratifica ed esecuzione dell'Accordo di Parigi collegato alla Convenzione quadro delle Nazioni Unite sui cambiamenti climatici, adottato a Parigi il 12 dicembre 2015” ............................................................................................................................... 5 1.2. Inquadramento programmatico nazionale ed europeo .......................................................... 5 1.2.1. Libro Bianco “Tabella di marcia verso uno spazio europeo dei Trasporti - per una politica dei trasporti competitiva e sostenibile” ............................................................................. 5 1.2.2. Pianificazione Nazionale ................................................................................................. -
Centostazioni Retail S.P.A. an Investment Opportunity in the Italian Travel Retail Sector
www.pwc.com Centostazioni Retail S.p.A. An investment opportunity in the Italian travel retail sector November 2015 March 2018 Contents 01 Transaction background 02 Centostazioni Retail at a glance 03 Investment opportunity This document has been prepared by the Corporate Finance department of PricewaterhouseCoopers Advisory S.p.A. (“PwCCF”) to provide the intended recipient with some preliminary information about a potential investment opportunity. The document is strictly confidential and must not be provided to or made available, by any mean, to any person other than the intended recipient. The document can not be copied, reproduced, distributed or disclosed to any third party, in whole or in part, without the prior written consent of PwCCF. In no event, regardless of whether consent has been provided, shall PwCCF assume any responsibility to any third party to which the Document is disclosed or otherwise made available. The document does not constitute the giving of investment advice, nor a part of any advice on investment decisions. The information used in preparing the Document has been obtained from a variety of third party sources. PwCCF has not sought to establish the reliability of those sources nor has PwCCF verified such information. Accordingly, no representation or warranty of any kind (whether express or implied) is given by PwCCF as to the accuracy of the information herein reported, and to the completeness or fitness for any purpose of this document. In no event PwCCF shall assume any responsibility to any third party on this regard. Centostazioni Retail S.p.A. PwC 2 32 Transaction background PRE-DEMERGER STRUCTURE Pre-Demerger structure 100% 100% • Ferrovie dello Stato Italiane S.p.A. -
Grignasco – Chiesa Di Maria Vergine Assunta Domenica 7 Luglio 2013, Ore 18:30
Grignasco – Chiesa di Maria Vergine Assunta Domenica 7 luglio 2013, ore 18:30 Quarto concerto commemorativo in memoria di Giuseppe Asietti Programma Johann Sebastian Bach Concerto Brandeburghese n. 4 in sol maggiore 1. Allegro 2. Andante 3. Presto Antonio Giacometti Invisibili specchi del passato per oboe e archi Johann Sebastian Bach Concerto Brandeburghese n. 5 in re maggiore 1. Allegro 2. Affettuoso 3. Allegro Johann Sebastian Bach Concerto Brandeburghese n. 1 in fa maggiore 1. Allegro 2. Adagio 3. Allegro 4. Minuetto, Trio I, Polacca, Trio II Orchestra Cantelli di Milano Direttore e oboe solista: Francesco Quaranta Solisti: Dmitri Chichlov, violino Chiara Nicora, clavicembalo Claudio Giacomazzi, violoncello Angela Citterio, flauto (IV e V Brandeburghese) Sonia Formenti, flauto (IV Brandeburghese) Domenico Lamacchia, oboe (I Brandeburghese) Matteo Donadoni, oboe (I Brandeburghese) Alfredo Pedretti, corno (I Brandeburghese) Luca Quaranta, corno (I Brandeburghese) Leonardo Dosso, fagotto (I Brandeburghese) L’ingresso è libero Grignasco – Chiesa di Maria Vergine Assunta Domenica 7 luglio 2013, ore 18:30 Quarto concerto commemorativo in memoria di Giuseppe Asietti Programma Johann Sebastian Bach Concerto Brandeburghese n. 4 in sol maggiore 4. Allegro 5. Andante 6. Presto Antonio Giacometti Invisibili specchi del passato per oboe e archi Johann Sebastian Bach Concerto Brandeburghese n. 5 in re maggiore 4. Allegro 5. Affettuoso 6. Allegro Johann Sebastian Bach Concerto Brandeburghese n. 1 in fa maggiore 5. Allegro 6. Adagio 7. Allegro 8. -
Financial Statements and Consolidated Accounts
FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2017 Cremonini S.p.A. Via Modena, 53 41014 Castelvetro di Modena (Mo) Italia Share Cap. euro 67,073,931.60, fully paid Modena Comp. Reg. no. 00162810360 Modena Economic Admin. Reg. no. 126967 Tax ref. & VAT no. 00162810360 TABLE OF CONTENTS TABLE OF CONTENTS Cremonini Group Organization………………………………………...……….………………… 2 Corporate Bodies of Cremonini S.p.A.………………………………………………….……….. 3 Financial statements as at 31 December 2017 ………………………………………………... 4 - Directors’ report - Cremonini S.p.A. financial statements - Notes to the Cremonini S.p.A. financial statements - Consolidated financial statements - Notes to the consolidated financial statements 1 GROUP ORGANIZATION CORPORATE BODIES DIRECTORS’ REPORT CREMONINI S.P.A FIN. STATEM. CONSOLIDATED FIN. STATEM. CREMONINI GROUP ORGANIZATION AS AT 31 DECEMBER 2017 2 GROUP ORGANIZATION CORPORATE BODIES DIRECTORS’ REPORT CREMONINI S.P.A FIN. STATEM. CONSOLIDATED FIN. STATEM. CORPORATE BODIES OF CREMONINI S.p.A. Board of Directors Chairman Luigi Cremonini Vice Chairman Illias Aratri Chief Executive Officer Vincenzo Cremonini Directors Paolo Boni Serafino Cremonini Board of Statutory Auditors Chairman Eugenio Orienti Statutory Auditors Giulio Palazzo Paola Simonelli Alternates Patrizia Iotti Daniele Serra Independent Auditors PricewaterhouseCoopers S.p.A. 3 GROUP ORGANIZATION CORPORATE BODIES DIRECTORS’ REPORT CREMONINI S.P.A. FIN. STATEM. CONSOLIDATED FIN. STATEM. DIRECTORS’ REPORT Introduction The financial statements as at 31 December 2017, pursuant to Legislative Decree No. 38 of 28 February 2005, have been prepared in accordance with the criteria for evaluation and measurement established by the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and adopted by the European Commission according to the procedures in Article 6 of Regulation (EC) No. -
Milano Cortina 2026
MILANO M.T. MILANO CORTINA 2026 CORTINA Candidate City Olympic Winter Games INDEX 1 2 3 4 5 VISION AND GAMES PARALYMPIC SUSTAINABILITY GAMES GAMES CONCEPT EXPERIENCE WINTER GAMES AND LEGACY DELIVERY MILANO VISION AND CORTINA GAMES CONCEPT _2026 VISION AND 1 GAMES CONCEPT The Milano Cortina 2026 ting of the Italian Alps. Having hosted the 1956 Olympic Winter ity. We know that delivering intense sporting moments in inspi- 1 | Olympic Vision Games, Cortina, the Queen of the Dolomites, is an international rational metropolitan and mountainous settings has the power winter sports destination of the highest acclaim, with an excel- to change lives. We want the world to love winter sports like we A partnership inspired by Agenda 2020 lent track record and relationships with national and interna- do, inspired by amazing athletic performances; tional sports federations. A proud host city for the 2021 World The Milano Cortina 2026 Candidature was inspired by the Alpine Ski Championships, it was praised for its sustainable ap- Embrace Sustainability - We want to build on our strong IOC’s Agenda 2020 and presentation of ‘New Norm’ which proach to ensure protection of the sensitive alpine ecosystem. It environmental credentials. We will use the Games to help clearly repositions hosting the Olympic and Paralympic is an interesting example of a multi-cultural, multi-lingual socie- accelerate our work at the forefront of sustainability to help Games as an event that is more sustainable, more flexible ty with clear ambitions for a sustainable future. develop innovative and sustainable solutions to shape lives of and more efficient, both operationally and financially, whilst the future. -
Bilancio 2002 Del Gruppo Fs
Financial Financial statements statements 2013 2013 Piazza della Croce Rossa,1 00161 Roma www.trenitalia.com TRENITALIA S.p.A. FINANCIAL STATEMENTS AT 31 DECEMBER 2013 Disclaimer This Annual Report 2013 has been translated into English solely for the convenience of the international reader. In the event of conflict or inconsistency between the terms used in the Italian version of the report and the English version, the Italian version shall prevail, as the Italian version constitutes the sole official document. TRENITALIA S.p.A. Trenitalia SpA Company with a sole shareholder subject to the direction and coordination activities of Ferrovie dello Stato Italiane S.p.A. Share capital: Euro 1,654,464,000.00 fully paid-up Registered office: Piazza della Croce Rossa no. 1, 00161 Rome Fiscal code and Register of companies: 05403151003 R.E.A. (Repertorio Economico Amministrativo, Administrative Economic Register): no.: 0883047 VAT: 05403151003 2013 Financial Statements 2 TRENITALIA S.p.A. OUR MISSION Trenitalia operates in the sector of services for the mobility of passengers and goods within a national and international context. For Trenitalia, the basic conditions underlying its mission are the safety of the service, quality, workers’ health, protection of the environment and it considers the importance of the relationship with the customer as the means to achieve a steady competitive advantage and create value for shareholders. The whole organisation of Trenitalia, which is committed to meeting the needs of customers and the requirements of the market, always guarantees the highest standards of safety and it implements development and modernisation plans in compliance with social and environmental sustainability.