Financial statements

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ASSETS NOTES 31/12/2017 31/12/2016
A) NON-CURRENT ASSETS 253.645.857 242.719.958
I - Intangible assets (Note 5) 11.839.676 14.013.052
4 - Other intangible assets 11.839.676 14.013.052
II - Property, plant and equipation (Note 6) 140.897.930 146.274.446
1 - Land and buildings 46.236.681 46.650.307
2 - Plant and equipment and other items 91.314.074 97.410.765
3 - PP&E under construction and advances 3.347.175 2.213.374
IV - Investments (Note 7) 100.908.251 82.432.460
IVa - Subsidiaries and associates 55.689.322 27.371.942
1 - Equity instruments 16.518.373 30.000
2- Loans and receivables 39.170.949 27.341.942
IVb - Other companies 45.218.929 55.060.518
1 - Equity instruments 45.181.800 55.022.285
2 - Loans and receivables 0 0
2 - Others (Note 15) 37.129 38.233
B) CURRENT ASSETS 168.379.739 173.192.900
II - Inventories (Note 8) 2.834.369 2.652.534
1 - Raw materials and consumables 2.766.692 2.548.144
3 - Finished goods and merchandise 64.420 92.896
4 - Advances to suppliers 3.256 11.495
III - Current loans and receivables (Note 9) 48.640.843 27.837.056
1 - Trade receivables for sales and services 46.248.535 25.588.123
2 - Loans and receivables in subsidiaries and associates 229.158 122.541
3 - Other loans and receivables 2.163.151 2.126.392
IV - Current financial investments (Note 10) 100.916.098 135.943.939
1 - Subsidiaries and associates 7.754.142 23.286.851
2 - Other financial assets 93.161.956 112.657.088
V - Cash and cash equivalents (Note 11) 15.747.755 6.366.874
VI - Prepayments and accrued income 240.674 392.496
TOTAL ASSETS 422.025.596 415.912.858

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LIABILITIES AND EQUITY NOTES 31/12/2017 31/12/2016
A) EQUITY (Note 12) 360.909.685 336.298.827
I - Capital 50.000.000 50.000.000
I - Capital 50.000.000 50.000.000
III - Reserves 259.958.256 260.442.052
1 - Legal reserve 10.000.000 10.000.000
5 - Other reserves 249.958.256 250.442.052
VI - Profit/(loss) for the year 50.951.429 37.757.895
VII - Interim dividend (Note 3) 0 (-)11.901.121
B) NON-CURRENT LIABILITIES 4.006.132 4.386.869
I - Non-current provisions (Note 13) 4.006.132 4.386.869
C) CURRENT LIABILITIES 57.109.779 75.227.163
III - Current payables (Note 14) 5.459.563 3.268.427
4 - Others 5.459.563 3.268.427
V - Trade and other payables (Note 14) 51.650.216 71.958.736
1 - Trade payables 48.133.836 54.233.225
2 - Subsidiaries and associates 72.902 63.982
3 - Sundry payables 1.459.130 122.324
4 - Customer advances 155.527 51.525
5 - Others 1.828.821 17.487.679
TOTAL EQUITY AND LIABILITIES 422.025.596 415.912.858