Report on operations and

consolidated financial statements

at 31 December 2020

Contents

Directors and Officers

1

Consolidated Report on Operations

2

Consolidated financial statements

78

Consolidated balance sheet

79

Consolidated income statement

81

Statement of consolidated comprehensive income

82

Statement of changes in shareholders' equity

83

Consolidated cash flow statement

85

Consolidated explanatory notes

87

Part A - Accounting policies

88

Part B - Information on the consolidated balance sheet

132

Part C - Information on the consolidated income statement

176

Part D - Consolidated comprehensive income

197

Part E - Information on risks and related hedging policy

198

Part F - Information on consolidated shareholders' equity

261

Part H - Transactions with related parties

264

Part L - Segment reporting

267

Part M - Information on leases

269

Certification pursuant to art.154-bis of D.Lgs. 58/98

272

Auditors' report

274

Attachment to the consolidated financial statements

284

0

Consolidated Report on Operations

Directors and officers

Board of directors

Chairman

Stefano Lado

Deputy Chairman

Tommaso Cartone

Chief Executive Officer and General Manager

Alessandro Maria Decio*

Directors

Graziella Bologna*

Valentina Maria Carla Casella

Ulrico Dragoni

Cristina Finocchi Mahne

Agostino Gavazzi*

Egidio Gavazzi*

Tito Gavazzi

Giulia Pusterla

Laura Tulli

* Members of t he Executive Committ ee

Board of Statutory Auditors

Chairman

Acting Auditors

Substitute Auditors

Emiliano BARCAROLI

Rodolfo Anghileri

Stefania Chiaruttini

Stefano ANTONINI

Silvia RE

Massimo Celli

General Management

Chief Executive Officer and General Manager

Alessandro Maria Decio

Financial Reporting Manager as per art. 154-bis CFA

Financial Reporting ManagerMauro Walter Colombo

Independent Auditors

Independent Auditors

Deloitte & Touche S.p.A.

1

Consolidated Report on Operations

Consolidated Report on Operations

2

Consolidated Report on Operations

The Banco Desio Group

The scope of consolidation of the Banco Desio Group at 31 December 2020 includes the following companies:

3

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Disclaimer

Banco di Desio e della Brianza S.p.A. published this content on 28 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2021 07:04:01 UTC.