Net Financial Position

 Net Financial Position
 

The Net Financial Position of the Group went from a Debt Position of € 1,979.6 mln at December 31, 2006 to a Cash Position of € 302.1 mln at December 31, 2007; variation mainly due to the sale of Olimpia S.p.A. investment.
Below, list of the main variations:


(in millions of euros)
Cash flows used in ordinary activities 298.5
Financial and tax income (expenses) (271.7)
Sale of Olimpia S.p.A. investment 3,329.0
Payable for reimbursement of share capital (826.3)
Proceeds from sale of Prysmian warrants 91.0
Purchase of RCS shares (8.1)
Purchase of Pirelli & C. Real Estate (54.2)
Investments in funds and Baubecon - Pirelli & C. Real Estate (110.3)
Pirelli & C. Real Estate treasury shares purchases/sales (52.8)
Purchase of 12.4% stake in Avanex (33.4)
Dividends paid (74.4)
Other (5.6)
Change in net financial position2,281.7

Last Revised: 21 2008