This balance sheet item summarizes the Group's financial position and includes:
-financial liabilities: bank loans and overdrafts, bonds, short-term financial payables, medium/long-term loans (short and long-term portions), lease financing (short and long-term portions);
-financial assets: cash and banks, securities, financial receivables (short and medium/long-term).
This item complies with recommendations by CESR (Committee of European Securities Regulators) and CONSOB (
Italy
's securities regulator).