IVS S A : Relazione Finanziaria Semestrale al 30 giugno 2021

Index

HIGHLIGHTS	6
COMPANY OFFICERS	8
GROUP STRUCTURE	10
INTERIM MANAGEMENT REPORT	13
Purpose and Accounting principles	14
Company overview	14
Business overview	15
Significant events of the first half of 2021	15
Changes in the consolidation	16
Group performance	16
Alternative Performance Measures	23
Related Party Transactions	28
Principal Risks and uncertainties	28
Subsequent events and outlook for the remainder of the year	33
MANAGEMENT CERTIFICATION	35
Report on the Review of Interim Condensed Consolidated Financial Statements	39
UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	43
Financial Statements Schedules	45
Unaudited interim consolidated statement of financial position	46
Unaudited interim consolidated income statement	47
Unaudited interim consolidated statement of comprehensive income	48
Unaudited interim consolidated statement of changes in consolidated shareholders' equity during
the six-month Period ended june 30th, 2021	49
Unaudited interim consolidated statement of changes in consolidated shareholders' equity during
the six-month Period ended june 30th, 2020 restated	50
Unaudited interim consolidated statement of cash flows	51
Explanatory notes to the financial statements	53
1 - Corporate information	54
2 - Basis of preparation of the financial statements	54
3 - Seasonal factors	57
4 - Business combinations	57
5 - Acquisition and disposal of non-controlling interests in Subsidiary companies	59
6 - Operating segments	60
7 - Intangible assets	61
8 - Goodwill and impairment test	62
9 - Property, plant and equipment	63
10	- Cash and cash equivalents	63
11	- Financial Liabilities	63
12	- Net Financial Position	64
13	- Financial Instruments	65
14	- Shareholders' equity	66
15	- Provisions for risks and charges	67
16	- Contingencies, commitments and restrictions on the distribution of profits	67
17	- Financial income and expenses	68
18	- Cash flow disclosures	69
19	- Income tax for the period	69
20	- Earnings per share	70
21	- Related party transactions	70
22	- Subsequent events	71
23	- Group structure	71

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